Caddick is the sister company of Moda who are developing the scheme with Apache Capital.
It is one of the first major private jobs to restart on site following Carillion’s collapse.
Caddick will be directly hiring 20 former Carillion employees and the move will save around 500 jobs on site protecting around 30 subcontractors previously working under Carillion.
Angel Gardens is one of the country’s biggest residential schemes outside of London and Caddick Construction will now act as construction manager to deliver the 35 storey, 466 home build to rent (BTR) project.
Carillion started work on Angel Gardens in January 2016.
Andrew Parker, director of projects at Moda, said: “We have had contingency plans in place for some time and wanted to prioritise saving jobs, as we hugely appreciate the critical role played by the main subcontractors and small businesses that support major projects.
“We have always remained close to the key subcontractors and suppliers throughout the process and this has proved to be an essential part of the solution to keeping Angel Gardens on track.”
Adrian Dobson, commercial director at Caddick Construction said: “The fast and effective takeover of this complex project is testament to the strength and depth of our team.
“We are fortunate that our construction team has been able to step in and take this project forward within two weeks and are delighted that so many key Carillion employees elected to join the group, as this really strengthens our team in the North West.”