Construction news

• Surgo Construction slips into red

  28-10-2021 23:40 via constructionenquirer.com
  
  North east builder Surgo Construction fell into the red last year after revenue slumped 40% to just under £13m.
  The builder is now in revenue terms a third of the size it was when it was rebranded in 2004, following a demerger from the Bowey group.
  James Walker, managing director, said the Newcastle firm’s fall to a loss of £400,000 from a £300,000 profit last year reflected the challenges of Covid during an already challenging period.
  Net funds stood at £1.1m dowm
  
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• Plans in for major overhaul of Surrey pharma campus

  28-10-2021 15:16 via constructionenquirer.com
  
  Global pharma company UCB is planning a major overhaul of a newly-acquired science campus in Windlesham, Surrey.
  The revamp project will include a striking new three-storey timber building at its heart designed by architect Thomas Heatherwick.
  The big job forms part of UCB’s plan to investing more than £1bn over five years to expand its research and development capabilities in the UK.
  UCB bought the 19-hectare site in Windlesham from Eli Lilly and Company last year with pla
  
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• Sisk wins £68m Leeds twin resi towers

  28-10-2021 13:48 via constructionenquirer.com
  
  John Sisk & Son has landed a £68m job to build two residential towers of 463 flats for the Hub Group at Whitehall Road in Leeds.
  The Latitude Purple development, which sits on the previous site of Doncaster Monkbridge Iron and Steelworks, consists of two buildings rising to 17 and 21 storeys tall.
  Sisk Managing Director for UK North, Alan Rodger, said: “I am delighted that Hub Group have chosen Sisk for their first residential development in Leeds – Latitude Purple.“T
  
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• Covid impact plunges NG Bailey to £10m operating loss

  28-10-2021 12:58 via constructionenquirer.com
  
  Redundancy costs and salary top ups for up to 1,000 furloughed staff swung building services contractor N G Bailey into a near £10m operating loss.
  Revenue was also impacted by the pandemic falling by around 12% to £507m in the year to February 2021.
  The group incurred a net exceptional cost of £3m in relation to the cost of topping up salary payments to furloughed employees above the government’s contribution and redundancy payments and £1.5m in redundancy payments
  
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• Muse wins green light for £30m Bradford office scheme

  28-10-2021 09:07 via constructionenquirer.com
  
  Regeneration specialist Muse has got the planning thumbs up to bring forward the One City Park office project in Bradford city centre.
  Work on £30m BREEAM ‘Excellent’ scheme will now begin on site in spring 2022, sustaining around 300 construction jobs.
  In addition to high-quality, open-plan office space, the five-storey building will also feature leisure space on the ground floor.One City Park is a key component of the council’s wider regeneration of the city.
  The site l
  
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• Contractors primed for fresh wave of price increases

  28-10-2021 08:32 via constructionenquirer.com
  
  Materials producers and distributors are warning contractors to brace for another round of big price increases driven by high energy costs.
  They also warn that while demand for construction products has eased off from the peak seen in the spring, it will be deep into next year before logistic issues start to be resolved.
  Logistics and road haulage specialists have warned that not to expect any improvement in the shortage of HGV drivers until the first quarter of 2022 at the earliest.The war
  
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• Contractors primed for fresh wave of price increase

  28-10-2021 08:32 via constructionenquirer.com
  
  Materials producers and distributors are warning contractors to brace for another round of big price increases driven by high energy costs.
  They also warn that while demand for construction products has eased off from the peak seen in the spring, it will be deep into next year before logistic issues start to be resolved.
  Logistics and road haulage specialists have warned that not to expect any improvement in the shortage of HGV drivers until the first quarter of 2022 at the earliest.The war
  
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• Create Construction goes into administration

  28-10-2021 07:08 via constructionenquirer.com
  
  Blackpool based contractor Create Construction has called in administrators from RSM after challenging trading conditions made the company unviable.
  Create Construction specialised in the hotel and student accommodation sectors on projects from £10-50m and was working on sites in Swansea, Liverpool, Leicester, Coventry and Salford.
  Other companies within the Create group -the developments, homes and interiors arms – are unaffected by the administration.Latest accounts for Create Cons
  
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