Construction news

• ISG enjoys record £1.6bn order book as profits recover

  10-06-2022 09:17 via constructionenquirer.com
  
  Contractor ISG has emerged from two years of disruption with a record order book and pre-tax profit back to pre-pandemic levels.
  Latest results for the year to December 31 2021 show pre-tax profits more than doubled at £19m from £8.9m and revenue up 10% to £2.2bn.
  The firm is now looking forward to further recovery this year on the back of a record £1.6bn forward order book, maintaining its zero-debt status and improving its net cash position by 18% to £120m.
  Matt B
  
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• Ant Yapi wins Folkestone flats and Leas Pavilion job

  10-06-2022 08:55 via constructionenquirer.com
  
  Turkish contractor Ant Yapi has secured the job to restore Folkestone’s historic Leas Pavilion and build a nine-storey luxury apartment block on Folkestone seafront in Kent.
  Developer Gustavia is bringing forward the 90 luxury flats scheme which will also secure the future of the 1902-built Leas Pavillion, which has operated as a tea room, theatre, cinema, bowling alley, snooker hall and nightclub, but fallen into disrepair.
  Gustavia’s appointed contractor, prime residential speciali
  
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• John Lewis names first three build to rent store conversions

  10-06-2022 08:14 via constructionenquirer.com
  The John Lewis Partnership has revealed the first three store locations where it proposes to build new rental homes.
  The sites include building over Waitrose shops in Bromley and West Ealing in Greater London, as well as replacing a vacant John Lewis warehouse in Mill Lane, Reading.
  John Lewis has committed to deliver 10,000 homes in the next 10 years – 5,000 of these will come from schemes on the Partnership’s own property portfolio.
  It said it has already identified around 20 sites
  
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• Medical giant unveils plans for new £80m research centre

  10-06-2022 08:11 via constructionenquirer.com
  
  Medical technology business Smith+Nephew has confirmed plans to build an £80m research and development and manufacturing facility in East Yorkshire.
  The project at commercial property developer Wykeland Group’s Melton West business park is expected to open in 2024.
  Subject to planning approval, Smith+Nephew will build a new facility for its Advanced Wound Management franchise creating a world-class R&D, manufacturing and flexible office environment.Dominic Gibbons, Managing Direc
  
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• Skanska tops May contracts league with big MoD win

  10-06-2022 08:07 via constructionenquirer.com
  
  Skanska rose to the top of the contract awards rankings in May, helped by the award of a £259m deal to redevelop a major British Army vehicle storage and maintenance facility at Ashchurch, Tewkesbury.
  It will involve a complex programme of demolition of 58 buildings, construction of 12 new buildings and refurbishment of one existing facility, plus renewal of site-wide infrastructure.
  Morgan Sindall ranked second with a haul of 13 smaller jobs valued at around £180m – the greate
  
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