Lendlease is set to start construction next month on a £275m office complex at 245 Hammersmith Road in west London. Legal & General Property has sold a 50% stake to Mitsubishi Estate London to form a new partnership to develop the 250,000 sq ft scheme. The speculative scheme has been Continue Reading
Contractors call for calm as Brexit victory spooks markets
Reporting from Friday the day after the BREXIT vote. Construction and property bosses appealed for calm today after the country voted to leave the European Union. The result sent shock waves through the financial markets as the pound tumbled and the stock market lost 8% in early morning trading. House Continue Reading
McLaren lands £90m mega-shed for homeware giant
McLaren Construction has won the contract to build a £90m distribution centre for homeware giant The Range near Bristol. The mega-shed will be the size of 15 Wembley Stadiums Rival bidders say the job has gone to McLaren who will start on site shortly.The deal was also confirmed by development Continue Reading
Brookfield plans 37-floor London city tower
Developer Brookfield is bringing forward plans for a new tall building at 1 Leadenhall in the City of London. Image of existing and planned central London towers, including 1 Leadenhall building The tower will rise to 37 floors, which will be a more modest office building compared to the Continue Reading
Construction output rebounds by 2.5% in April
After several months of decline, construction output bounced back in April rising 2.5% compared with March. All new work increased by 2.9% while repair and maintenance also increased 1.9%, despite growing fears in the industry that the EU referendum is slowing project starts. The latest output returns represented the largest month-on-month increase for over two years, Continue Reading
What’s holding the Construction Industry Back?
It has been repeatedly reported that the UK’s construction industry (housing construction in particular) was one of the first sectors to feel the full scale of the impact the recession bought with it, and was also one of the slowest when it came to recovering. While many other industries have Continue Reading
Failed PHD1 Construction owes subcontractors £7.8m
Subcontractors have been left holding £7.8m of unpaid bills following the failure of PHD1 Construction. Former PHD1 staff are now helping to build the £200m new Chinatown scheme in Liverpool The North West contractor fell into administration in April. PHD1 worked on a number of high profile sites across the Continue Reading
Increase in construction job vacancies not necessarily good news, says recruiter
Job figures rising to a four-month high in May isn’t necessarily good news for the construction industry, according to One Way. An analysis by the construction and rail recruitment specialist found that the growth in the number of newly created jobs, outlined in the Markit/CIPS UK Construction Purchasing Managers’ Index, Continue Reading
Manchester booms as two major schemes approved
The building boom is Manchester has been fired up further after two major schemes gained planning approval. The largest will see Balfour Beatty now start work later this year on the University of Manchester’s £350m engineering campus. The Manchester Engineering Campus Development will be one of the largest, single construction projects ever undertaken Continue Reading
Hochtief Murphy wins tunnel for £2.4bn York potash mine
A joint venture between Murphy and Hochtief has been named preferred bidder for the main tunnelling contract for the planned £2.4bn potash mine in North Yorkshire. Plan advances to mine the world’s largest deposit of potash Sirius Minerals, a fertilizer producer, hopes to start preparatory building work at the site Continue Reading