Construction news

Britishvolt buyer fails to make final payment

08-08-2023 13:00 via constructionenquirer.com

The Australian company buying collapsed car battery firm Britishvolt has failed to make its final payment to seal the deal.
Recharge Industries stepped forward to buy the firm out of administration in February giving hope that stalled plans for a £300m car battery plant in Northumberland could be resurrected.
But an update from administrator EY claimed that payment of the final installment on the £8.75m buyout deal has been missed and remains “unpaid and overdue”.A spokes

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400 homes plan for Perry Barr dog racing track

08-08-2023 08:47 via constructionenquirer.com

West Midlands developer Corbally Group plans to redevelop the Perry Barr greyhound track in Birmingham with more than 400 homes.
The lease is due to expire in 2026, and the greyhound racing track operator plans to move to new premises at Monmore Green in Wolverhampton.
A spokesman for Corbally Group, said: “The current site offers little in terms of wider community value and we’ve worked closely with the racetrack operator to support its move to new premises within the region.&ldquo

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Bellway to cut jobs and close divisions in restructure

08-08-2023 08:28 via constructionenquirer.com

Bellway is consulting on a round of redundancies and the closure of two divisions as the house building slump continues to bite.
Sky News reported that up to 90 jobs could go among the 3,000 strong workforce with the London Partnerships and South Midlands divisions set to close.
A Bellway company statement to Sky News said: “In response to current market conditions which have caused a slowdown in the sales market and a reduced output for house building, we have today announced proposals to

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Equans wins £72m West London estate recladding job

08-08-2023 08:24 via constructionenquirer.com

Housing association Notting Hill Genesis has enlisted Equans to deliver a £72m building safety upgrade to bring the Paragon estate at Brentford in West London back into use.
Three years ago, over 1,000 residents at a six-block housing and student accommodation development were forced to evacuate the estate due to fire safety concerns over cladding.
The major safety remediation programme will bring the homes back into use between 2025 and 2026.Previous tenants were successfully supported to

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Acquisitive RSK looks to raise £500m through stake sale

08-08-2023 07:59 via constructionenquirer.com

Acquisition-hungry RSK Group aims to nearly quadruple its turnover to more than £5bn over the next seven years.
The ambitious growth target would see its corporate family of engineering and environmental services businesses double from 200 and 400.
To fund this next stage of growth, Cheshire-based RSK is looking to raise at least £500m from sales of shares in the business.
This would supplement around £500m from its debt finance provider Ares Management building a £1bn ta

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