Construction news

• Vinci blames fixed-price contracts for £44m loss

  20-10-2023 13:10 via constructionenquirer.com
  
  Vinci’s UK business racked-up pre tax losses of £44.2m last year as problem contracts blew a hole in the accounts.
  Latest numbers filed at Companies House show the firm plunged into the red from a £23.6m profit last time as turnover for the year to December 31 2022 ticked-up to £1.28bn from £1.17bn.
  The biggest losses were at the building division which made a £37.3m pre-tax loss compared to an £11.7m profit in 2021.The building losses were blamed on two
  
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• Council wins cladding removal court case

  20-10-2023 08:56 via constructionenquirer.com
  
  Newham has become the first council to successfully prosecute a building owner for delays in removing dangerous cladding.
  City of London Magistrates Court ruled against building owner Chaplair Ltd this week after it failed to meet a deadline to remove flammable cladding from its Lumiere building in east London.Newham Council pursued legal action after Chaplair failed to remove cladding by the 31 March 2021 deadline imposed in an improvement notice issued by the Council in September 2020.Work eve
  
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• Leeds £50m office scheme gets green light

  20-10-2023 08:33 via constructionenquirer.com
  
  Leeds planners has approved plans to redevelop a landmark site in the city centre with a £50m office scheme.
  A joint venture partnership between Asset Capital and Prescient Capital last year purchased Wellington Plaza, a 1980’s former HQ building on Wellington Street.
  Planned building on Wellington Street
  The partnership has confirmed it will now deliver the 77,000 sq ft office project speculatively with a start on site by early 2024.
  This transformation of one of the last remaining
  
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• Partner wanted to fast-track £145m London estate rebuild

  20-10-2023 08:21 via constructionenquirer.com
  
  North London’s Barnet Council is looking for a partner to fast-track plans to redevelop the north east section of the vast Grahame Park estate in Collindale.
  Plans for phase one will involve demolition of existing buildings containing 290 homes and the construction of 505 homes.
  The first phase covers blocks Slatter, Sopwith, Spitfi re, Spooner, Tait, Tedder, Wilshire, Whittle, Whittaker and Wheeler.The successful firm will form a joint venture with the local authority’s housing arm,
  
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