Construction news

• Offsite Solutions lands latest EQUANS pod deal

  04-10-2022 16:00 via constructionenquirer.com
  Bathroom pod manufacturer Offsite Solutions has won its third contract for EQUANS – a £1.6m order for 641 shower pods for a new student living scheme for the London School of Economics.
   This latest contract brings the total value of projects for main contractor EQUANS to more than £5m and the number of pods to over 2,000. It follows the delivery of more than 1,000 pods for a £200m student accommodation and regeneration scheme for the University of Leicester which ha
  
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• RSK buys Scottish M&E specialist WGM Engineering

  04-10-2022 15:15 via constructionenquirer.com
  The expanding RSK Group has bought one of Scotland’s leading engineering solution providers, WGM Engineering.
  The £45m turnover Glasgow-based family business employs a team of 365  mechanical, electrical, and civil engineering staff.The business, which was established in 1986, has recently developed a renewables capability to support its own and its clients net zero ambitions.
  WGM’s client base includes Scottish Water, bp Pulse, Scottish Gas Networks and Arnold Clark. Rece
  
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• Caddick acquires assets from failed facade specialist

  04-10-2022 13:44 via constructionenquirer.com
  Caddick Construction has acquired the Speedpanel operation from facade specialist Speedclad which fell into administration in August.
  Ten design and senior leadership jobs have been saved as part of the deal which saw the assets secured for an undisclosed sum from administrator Interpath Advisory.
  The acquisition includes the manufacturing facility and equipment at Northallerton which will continue to produce Speedpanel while the ex-Speedclad employees will initially be based at Caddick Construc
  
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• Watkin Jones sounds profit warning

  04-10-2022 09:11 via constructionenquirer.com
  Watkin Jones is waning that profits for this financial year will come in 10% below market expectations.
  The developer and builder of homes for rent said sale prices and margins were softening and not offsetting ongoing build cost inflation.
  In a trading update to the City the listed builder said: “While in H1-2022 build cost inflation was mitigated by increasing asset values, the Group has seen some pricing and margin softness on sales concluded in the second half, with purchasers facing i
  
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• Cladding and roofing specialist falls £9m into red

  04-10-2022 09:03 via constructionenquirer.com
  Cladding, facade and roofing specialist Lindner Prater suffered a £9m loss last year due to a major problem job requiring remedial work.
  The firm did not reveal details of the project in latest published results, but is believed to have experienced problems with its headquarters project for Sky in west London completed several years ago.
  The impact of Covid, which was still being felt last year, was blamed for a 36% fall in revenue to £36m from £56m previously.Finance director
  
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• Peel sets up suburban build-to-rent developer

  04-10-2022 08:20 via constructionenquirer.com
  Developer Peel L&P has launched a new suburban build-to-rent company called Letta.
  Letta will deliver an initial pipeline of 100 energy-efficient family homes for market rent across two sites in Bolton and one in Ellesmere Port.
  Over the next five years, output will rise through an identified pipeline of up to 1,000 homes.All homes will be developed by Peel L&P’s home builder Northstone with properties let and managed by Liverpool-based property agency Redwing, part of The Regenda
  
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• Ellmer propels growth at Byrne Group

  04-10-2022 08:12 via constructionenquirer.com
  Byrne Group refurbishment and fitout specialist Ellmer has grown to outstrip revenue at the Byrne Bros concrete frame business.
  The London and south east focused group achieved modest growth in revenue and profit despite project delays setting back the concrete business.
  Pre-tax profit at Byrne rose to £6.4m from £5m in the year to June 2022 as revenue edged up 7% to £153m.Byrne Bros, the reinforced concrete sub and superstructure specialist, saw turnover fall due to &lsqu
  
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• Kobelco suspends plant sales over engine scandal

  04-10-2022 08:04 via constructionenquirer.com
  Plant giant Kobelco has suspended sales of some of its excavators and crawler cranes following an ongoing scandal at its engine supplier.
  Kobelco has suspended the sale across Europe of selected construction machinery equipped with Hino engines.
  Kobelco said the move followed “concerns about possible misconduct in the engine certification process for compliance with European emissions regulations.”The temporary suspension “will remain in place until Hino confirms the European c
  
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