Construction news

• Hill Group counts on partnership housing to drive growth

  26-04-2023 17:14 via constructionenquirer.com
  
  The UK’s second largest privately owned house builder Hill Group is primed to take advantage of fresh market opportunities arising from a challenging housing market after building up a £132m cash chest.
  Andy Hill, group chief executive officer, said a steady performance last year, which saw it maintain record profit of £66m from revenue down 5% at £716m, positioned Hill to pursue further strategic investments to achieve its goal of doubling the size of its business by 202
  
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• Metnor supply chain debts hit £10m

  26-04-2023 16:35 via constructionenquirer.com
  
  More than 450 firms have been hit by the collapse of Metnor Construction with subcontractors and suppliers owed more than £10m.
  An update from administrator FRP Advisory Trading Ltd said 468 creditors had been identified so far since the Newcastle-based contractor collapsed in February.
  FRP blamed Mentnor’s demise on the withdrawal of a key funder alongside rising costs and loss making contracts.The administrator said unsecured creditors could expect some payment for their invoices b
  
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• Glencar lands £125m Heathrow data centre deal

  26-04-2023 09:24 via constructionenquirer.com
  
  Glencar has won the contract to build the new LHR21 facility for Vantage Data Centers at its second London Campus near Heathrow Airport.
  The Enquirer understands the deal is worth around £125m and will see Glencar deliver a six-storey data centre across 194,000 sq ft
  Glencar’s specialist Data Centre team is preparing to start construction within weeks at the 1.2-acre site with the project expected to be completed in early 2025.Glencar has also partnered building services specialist E
  
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• Yorkshire contractor collapse costs suppliers £2m

  26-04-2023 09:11 via constructionenquirer.com
  
  Subcontractors and suppliers have been left holding unpaid invoices worth nearly £2m following the failure of Yorkshire based contractor Castlehouse Construction.
  An update from administrator FRP Advisory revealed the scale of debts after the firm went under in March.
  Total debts at the business were £4.5m including more than £2m owed to HMRC in VAT payments.Unsecured creditors including subcontractors and suppliers are unlikely to see any cash following the administration proc
  
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• Persimmon confirms new home build rates down a 30%

  26-04-2023 09:08 via constructionenquirer.com
  House builder Persimmon said that build rates have plunged 3o% in the first three months of this year because of the slump in demand at the end of 2022.
  This reduced forward sales position led to a 42% reduction in group completions in the first quarter to 1,136 homes (Q1 2022: 1,950 homes).
  In a trading update this morning, Dean Finch, group chief executive, said Persimmon responded quickly to the deterioration in market conditions in the second half of last year, by controlling costs and manag
  
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• Persimmon confirms new home build rates down 30%

  26-04-2023 09:08 via constructionenquirer.com
  
  House builder Persimmon said that build rates have plunged 30% in the first three months of this year because of the slump in demand at the end of 2022.
  This reduced forward sales position led to a 42% reduction in group completions in the first quarter to 1,136 homes (Q1 2022: 1,950 homes).
  In a trading update this morning, Dean Finch, group chief executive, said Persimmon responded quickly to the deterioration in market conditions in the second half of last year, by controlling costs and manag
  
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• Bid race starts for renewal of £750m consultants framework

  26-04-2023 08:28 via constructionenquirer.com
  
  Procurement body Pagabo has issued a prior information notice (PIN) for the renewal of one of its biggest construction frameworks.
  The latest Professional Services framework is valued at £750m and will take over from the current deal when it expires in April 2024.
  Pagabo will be holding a webinar on 10 May where interested bidders can find out more about the new four-year framework.The current deal contains 77 firms across 18 service specific lots in seven geographical regions, including c
  
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• Fleet Street set for £5bn building boom over next five years

  26-04-2023 08:10 via constructionenquirer.com
  
  London’s former newspaper district is to be transformed over the next five years as developers shrug off recessionary fears to press ahead with a pipeline of 34 refurbishment and new build projects.
  The Western city fringe district is set to explode with new projects as an estimated 3m sq ft of new Grade A commercial space across office, retail and leisure is delivered.
  This will see an estimated £5bn worth of developments by 2028.
  The biggest schemes already on the stocks  incl
  
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• Dandara submits plan for 1000 Glasgow rental homes

  26-04-2023 08:10 via constructionenquirer.com
  
  Developer Dandara Living has submitted plans to Glasgow City Council to build a mix of nearly 1,000 build to rent homes and student rooms at Anderston Quay beside the river Clyde.
  The Stores scheme overlooking the Kingston Bridge promises to deliver 503 homes for rent, and an additional 491 student homes over three buildings.
  The design includes additional public realm for Glasgow in the form of a new urban park, over 4,000 sqft of commercial space and an array of on-site resident amenities incl
  
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