Construction news

• ISG margins squeezed as orders hit record £1.9bn

  27-04-2023 21:48
  
  A series of hyperscale jobs placed ISG on a steady footing at the start of the year after its order book swelled 18% to a record £1.9bn.
  ISG’s Fit-out and Construction operations demonstrated strong resilience against a challenging global economic backdrop in 2022 maintaining group revenue at a record high of £2.2bn.
  But the challenges impacted average group operating margins which was squeezed down to 0.5% from 0.83% previously.
  This resulted in reported pre-tax profit droppin
  
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• Katy Dowding to take over as CEO of Skanska UK

  27-04-2023 16:37
  
  Katy Dowding will take over as new President and CEO of Skanska UK next week following the news that current incumbent Gregor Craig is set to retire.
  Dowding has been at Skanska for 20 years most recently as a member of Skanska UK’s Executive Management Team and since 2017 as Executive Vice President with responsibility for Skanska UK’s building and building services businesses.
  She is also a member of the Skanska Costain STRABAG joint venture board, overseeing the delivery of the Lo
  
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• Green light for tallest tower in Birmingham

  27-04-2023 15:18
  
  City planners have approved the world’s first mixed-use net zero carbon development in Birmingham
  The £360m Curzon Wharf scheme will include a residential build to rent apartment block which will stand 53 storeys high, making it Birmingham’s tallest building at 172 metres (564 feet).
  The purpose-built student accommodation will be 41 storeys and another residential element at 14 storeys tall.In addition, the development will include nearly 130,000 sq ft of office, R&D and l
  
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• Ridge on acquisition trail after £40m investment

  27-04-2023 14:35
  
  Consultant Ridge and Partners is planning to expand following a £40m cash injection from private equity investor Horizon Capital.
  Ridge’s said its multi-disciplinary offering to clients across architecture, building services, engineering, planning, surveying, sustainability and transport, will be expanded by investing in talent across its core disciplines as well as through new acquisitions.
  The consultant has recently grown from 577 people and £61m turnover in 2020 to 1,000 pe
  
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• Trio named for £150m Thirteen Group housing upgrade

  27-04-2023 09:14
  
  The North East’s Thirteen Housing Group has appointed Esh Construction, Equans Regeneration and RE:GEN to deliver a range of home improvements over the next five years.
  The partner firms will focus on homes and support schemes across a number of priority estates.
  Thirteen’s executive director of assets Paul Jenkins said: “With some exciting large-scale projects planned, the partnership will support the growth of our home investment and decarbonisation plans, which will improve
  
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• Taylor Wimpey job cuts loom as £19m cost-cut plan advances

  27-04-2023 08:59
  
  Taylor Wimpey has end consultation with staff on its £19m cost-saving plan as it revealed targetted completion rates were 23% down on last year.
  The firm said the plan would cost £8m but not affect existing UK market coverage.
  While the firm has not detailed the exact number of redundancies, if they were to track the one fifth fall in forward orders so far this year, job cuts could impact 1,000 staff.
  In a trading statement this morning chief executive Jennie Daly said Taylor Wimpey
  
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• Taylor Wimpey axes 450 staff in cost-cutting push

  27-04-2023 08:59
  
  Taylor Wimpey has finished consultations with staff on a £19m cost-saving plan as it revealed this morning that targetted completion rates were 23% down on last year.
  The cost-cutting plan is understood to have delivered 450 job cuts and cost £8m to implement but would not affect existing UK market coverage.
  In a trading statement this morning chief executive Jennie Daly said Taylor Wimpey had seen a incremental improvement in sales rates so far this year compared to the end of 2022.
  
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• Contractor hunt starts for £34m Manchester mill revamp

  27-04-2023 08:44
  
  MANCHESTER-based developer Capital&Centric has launched a hunt for a main contractor to deliver the £34m restoration of one of the city’s oldest Victorian mills.
  Updated plans for Talbot Mill in Castlefield have been approved by Manchester City Council and now the team are looking to speak to contractors, with a view to work starting on site later this year.
  Work will deliver 190 one and two-bedroom homes across both the historic mill and a neighbouring new build 10-storey apartm
  
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• Vistry abandons £275m Ealing scheme over second staircase

  27-04-2023 08:31
  
  London’s Ealing Council and developer Vistry Partnerships have scrapped plans to redevelop the council’s ageing headquarters to build a new civic centre alongside nearly 500 flats.
  The partners blamed soaring costs and the new second staircase rule for the decision to abandon the Perceval House project.
  Instead, the council now plans to retain and retrofit the building to make it an office building and community space.
  Council leader Peter Mason said the decision was the right decisi
  
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• York developer Grantside to tender Sheffield office and resi jobs

  27-04-2023 01:09
  
  York-based Grantside is advancing plans for two net zero projects in Sheffield after appointing consultant Summers-Inman as project manager and cost consultant.
  The Hive, in Bowling Green Street, Kelham Island will include 100 co-living studios, spread over five floors and is designed with a focus on a curated community living style.
  The second project a six-storey office development received planning at the end of last year.Known as 190 Norfolk Street, Summers-Inman has an expanded brief on thi
  
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