Construction news

• AFI appoints new finance chief

  12-07-2023 23:42 via constructionenquirer.com
  
  Powered access specialist AFI has announced the appointment of Paul Roberts as Group CFO.
  Robert’s role on the holding company board will see him take overarching responsibility for the Group’s Finance, IT, HR, Property and ESG strategies, and lead its team of experienced directors including Richard Orme, who was promoted to Finance Director of AFI’s UK and Middle East operations in October last year.
  Roberts was previously a leader of Deloitte’s Corporate Finance Advisor
  
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• HS2 boss Mark Thurston to step down

  12-07-2023 16:36 via constructionenquirer.com
  
  Mark Thurston has announced he will be quitting as CEO of HS2 in September after six and a half years  in the job.
  Thurston will step down from his £620,000-a-year role as the project approaches peak construction.
  He said: “The next 18-24 months will see the project move into an exciting new stage. I have agreed with the Board that someone else should lead the organisation and programme through what will be another defining period for HS2.”Thurston joined HS2 in March 2017
  
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• Rising costs mean more delays for Gateshead Sage Arena

  12-07-2023 14:51 via constructionenquirer.com
  
  Soaring construction costs have caused another tw0-year delay to the completion of the Sage Arena and International Conference Centre in Gateshead.
  Revised plans and a new timetable have now been approved for the scheme as costs hit £350m+ from an original £260m.
  The complex was due to be completed in 2025 but has now been pushed back to 2027.A hotel originally planned for the site has also been moved to vacant land directly opposite The Sage development with the freed-up plot now se
  
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• Rising costs mean more delays for Gateshead Arena

  12-07-2023 14:51 via constructionenquirer.com
  
  Soaring construction costs have caused another two-year delay to the completion of the Sage Arena and International Conference Centre in Gateshead.
  Revised plans and a new timetable have now been approved for the scheme as costs hit £350m+ from an original £260m.
  The complex was due to be completed in 2025 but has now been pushed back to 2027.A hotel originally planned for the site has also been moved to vacant land directly opposite The Sage development with the freed-up plot now se
  
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• Midgard drives JRL growth as revenue hits £761m

  12-07-2023 09:17 via constructionenquirer.com
  
  Diversified construction group JRL has delivered strong revenue and profit growth at its main contracting business Midgard.
  The strength of the main contracting arm supported by JRL Group’s in-house delivery model helped to maintain cost certainly in a volatile market.
  This helped to offset a more disappointing performance at the McMullen Facades operation which suffered a £22m loss last year.Overall JRL group revenue for the year jumped 25% to £761m with pre-tax profit halved
  
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• Buckingham bags record speculative shed from Tritax

  12-07-2023 08:43 via constructionenquirer.com
  
  Tritax Symmetry is speculatively developing its largest logistics facility to date at Symmetry Park in Kettering.
  Buckingham Group has been awarded the contract to build the 500,000 sq ft cross dock logistics facility with construction set to start this month and complete next April.
  It will be the second unit to be brought forward at Symmetry Park, Kettering following the completion in February of a 312,875 sq ft unit which was pre-let on a 15-year lease.Jonathan Wallis, Development Director an
  
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• Focus on care homes paying off for Kori Construction

  12-07-2023 08:13 via constructionenquirer.com
  
  Later living main contractor Kori Construction has reported a record-breaking month of contract wins after posting a strong set of annual results.
  Corby, Northamptonshire based Kori secured six new projects with a combined value of £75m in June.
  The firm was appointed to build four new care homes and an assisted living complex totalling more than 400 bedrooms, and a 100 bed hostel on behalf of the YMCA.The projects – which span Surrey, Norfolk, the West Midlands, Cambridgeshire, Berk
  
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• Yorkshire Water seeks firms for £2.8bn work pipeline

  12-07-2023 08:05 via constructionenquirer.com
  
  Yorkshire Water has gone out to tender for two major framework deals worth around £2.8bn.
  The two frameworks will look to deliver water and wastewater asset investment over the next 10 years, and deliver on the water company’s drive to make substantial reductions in sewage overflows into watercourses.
  Planned works will cover the AMP8 regulatory period running from April 2025 to March 2030, with options to extend to APM9.
  Over this full 10-year period, Yorkshire Water plans to spend
  
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