Construction news

• Truss resigns – successor to start next week

  20-10-2022 14:44 via constructionenquirer.com
  Liz Truss announced her resignation as prime minister today after just 44 days in power following weeks of political and financial turmoil.
  She said she could not deliver her promised mandate of low tax and high growth at a time of “great economic and international instability.”
  A leadership election will be held within the next week and Truss will remain as prime minister until a successor is chosen.
  
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• Truss resigns – next PM to start in seven days

  20-10-2022 14:44 via constructionenquirer.com
  Liz Truss announced her resignation as prime minister today after just 44 days in power following weeks of political and financial turmoil.
  She said she could not deliver her promised mandate of low tax and high growth at a time of “great economic and international instability.”
  A leadership election will be held within the next week and Truss will remain as prime minister until a successor is chosen.
  
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• Truss resigns – new PM to start next week

  20-10-2022 14:44 via constructionenquirer.com
  Liz Truss announced her resignation as prime minister today after just 44 days in power following weeks of political and financial turmoil.
  She said she could not deliver her promised mandate of low tax and high growth at a time of “great economic and international instability.”
  A leadership election will be held within the next week and Truss will remain as prime minister until a successor is chosen.
  
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• Midgard lands latest £600m phase at Brent Cross Town

  20-10-2022 13:49 via constructionenquirer.com
  Midgard will start work later this month on the latest major phase of homes, retail and leisure at Brent Cross Town in north London.
  Developer Related Argent has formed a joint venture with Invesco Real Estate to deliver the £600m gross development value scheme.
  Construction is set to be completed in 2025 on 800 market sale and Build-to-Rent homes, as well as retail and dining.The entire £8bn Brent Cross Town project will feature 50-acres of parks and playing fields, 6,700 new homes
  
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• Order book surge for McLaren as turnover set to hit £850m

  20-10-2022 11:08 via constructionenquirer.com
  McLaren Construction has secured more than 80% of its forecast £850m turnover for the financial year ending July 2023.
  The flying start to the year follows a string of wins across all sectors as McLaren looks to “draw a line” under the impacts of the pandemic.
  Latest management accounts for the year to 31 July 2022 show a turnover of £726.2m with net cash reserves of £59.2m.That revenue is £184m up on the previous year and ahead of pre-pandemic levels.
  McLaren
  
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• Build-to-rent market to grow five-fold in next decade

  20-10-2022 09:04 via constructionenquirer.com
  The number of completed Build to Rent (BTR) homes could increase five-fold to reach 380,000 by 2032 with the sector set to be worth £170bn.
  Research from the British Property Federation (BPF) and Savills shows that by 2032 8% of UK homes for rent will be purpose-built – up from 1.5% today.
  The analysis predicts a continued evolution in the market, with single-family homes making up 18% of BTR stock in ten years’ time compared to 12% today.The research has been undertaken to coi
  
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• Build-to-rent market to grow five-fold during next decade

  20-10-2022 09:04 via constructionenquirer.com
  The number of completed Build to Rent (BTR) homes could increase five-fold to reach 380,000 by 2032 with the sector set to be worth £170bn.
  Research from the British Property Federation (BPF) and Savills shows that by 2032 8% of UK homes for rent will be purpose-built – up from 1.5% today.
  The analysis predicts a continued evolution in the market, with single-family homes making up 18% of BTR stock in ten years’ time compared to 12% today.The research has been undertaken to coi
  
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• Big dig starts on HS2’s two longest cuttings

  20-10-2022 08:46 via constructionenquirer.com
  Work has started on two of the longest cuttings for the HS2 project as muck shifters take on the enormous task of removing the equivalent of more than twenty Royal Albert Hall’s worth of rock and earth.
  Construction of the two cuttings is being led by HS2’s main works contractor, EKFB – a joint venture between Eiffage, Kier, Ferrovial Construction and BAM Nuttall.
  The 2.5-mile Barton Hartshorn to Mixbury cutting, near Brackley, will be the project’s longest cutting with 1
  
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• Morgan Sindall names new chiefs for North East and Yorkshire

  20-10-2022 08:22 via constructionenquirer.com
  Morgan Sindall Construction has appointed new regional directors for Yorkshire and its newly-formed North East operation. 
  Under two internal promotions, Ben Hall becomes new area director for Yorkshire, while Alex Isted assumes the same responsibility for the firm’s new North East operation – which will also incorporate Cumbria – with a new office in the region set to be announced. 
  Isted has been with Morgan Sindall Construction since 2009 and moves to his new posit
  
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• First tunnel built entirely by robots

  20-10-2022 08:12 via constructionenquirer.com
  A British technology company has revealed the world’s first entirely robot-constructed tunnel at its research facility in the North Hampshire Downs.
  HyperTunnel’s new automated construction method is designed to build tunnels more than 10 times faster and at half the cost of conventional techniques
  Using swarm construction methods according to a digital twin of the tunnel, a fleet of ‘hyperBot’ robots entered the ground via an arch of plastic pipes.
  Once inside, the robot
  
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• Foundation work for homes surges to beat stricter Part L regs

  20-10-2022 07:53 via constructionenquirer.com
  House builders are racing to get foundations laid on sites so plots can be registered as housing starts to beat more stringent part L building regulations requirements on builds.
  Evidence of the sudden surge in foundation work activity is being seen by construction materials suppliers. They are reporting increased sales above seasonally expectations.
  The new Building Regulations covering energy performance of new buildings came into force this June. But house builders have been given a grace per
  
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