Construction news

• J3 arranges insurance deal on £55m McGoff resi scheme

  07-11-2023 19:38 via constructionenquirer.com
  
  Independent insurance and finance advisory J3 has sourced and placed the building warranty insurance policy for McGoff Construction’s 237-unit residential scheme on Rochdale Road, Manchester.
  Part of Manchester City Council’s Victoria North Strategic Regeneration Framework, this £55 million development will fall under the McGoff Group’s ‘Downtown’ brand and will encompass 237 homes, including a variety of one, two, and three-bedroom apartments. Additionally, t
  
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• Vistry strikes record deal to build nearly 3,000 rental homes

  07-11-2023 09:18 via constructionenquirer.com
  
  Vistry Group has struck a major partnerships deal with Leaf Living and Sage Homes to release a huge part of its new homes land bank for private rental and affordable rental homes.
  The deal will see the providers acquire 2,915 units once built from the Vistry with a gross development value of £819m.
  Greg Fitzgerald, Vistry Group chief executive officer said the landmark deal would advance its strategy to merge its House building operations into its Partnerships business.The homes will be bu
  
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• Persimmon staff numbers to drop by 700

  07-11-2023 09:00 via constructionenquirer.com
  An ongoing recruitment freeze at Persimmon will see staff numbers fall by 700 this year as the house building giant keeps a keen eye on costs.
  Build rates are currently 30% lower than last year as the market continues to struggle.
  Persimmon said: “We continue to operate from a lean fixed cost base and pursue a highly disciplined approach to Work In Progress management. As a consequence, build rates in the third quarter were c.30% lower year-on-year reflecting the slower sales environment.
  
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• Galliford Try bags £87m Brent Cross build to rent job

  07-11-2023 08:33 via constructionenquirer.com
  
  Related Argent and Invesco Real Estate have awarded Galliford Try an £87m contract to deliver a further phase of the new build-to-rent development at Brent Cross Town, north London.
  Having previously been awarded a contract to build 249 new homes earlier this year, Galliford Try has now secured a further 286 apartments across three blocks.In addition, further retail and amenity space will also be created, including leisure suite with swimming pool for the major residential development, whi
  
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• Go-ahead for major Home Counties film studio complex

  07-11-2023 08:24 via constructionenquirer.com
  
  Plans for a major 1.75m sq ft studio complex in Bedfordshire have been waved through by local planners.
  Designed by architect Scott Brownrigg, the new film and television studio campus will be built near Stewartby at a 143-acre site and former clay brick quarry.
  The HOP Studios development is a joint venture with Verb – a subsidiary of investment firm Cathexis, which owns contractor ISG – and film studio operator Quartermaster.The project will involve 11 major studio buildings built
  
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• Walker Modular lands bathroom pod double from IQ Student

  07-11-2023 08:19 via constructionenquirer.com
  
  IQ Student Accommodation has linked-up with bathroom pod specialist Walker Modular on two major city-centre sites.
  Walker will supply pods to Manchester’s £130m Echo Street site where B&K is main contractor and Glasgow’s Bath Street being built by Graham Construction at the helm.
  Shane Walker, the founder of Walker Modular, said: “IQ champions innovation for their clientele, mirroring Walker Modular‘s dedication to exceptional manufacturing.”The Echo Stree
  
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• Laing O’Rourke tops October contracts league

  07-11-2023 08:19 via constructionenquirer.com
  
  Laing O’Rouke has confirmed a £300m order to build a major cancer research campus in Oxford from the  Ellison Institute for Transformative Medicine.
  The single job catapulted the firm to the top of the October rankings for work won, recharging its orders secured this year.
  The Los Angeles-based cancer research institute plans to establish a UK base and build the big campus at the established Oxford Science Park to the south east of city.Top 10 contractors by work confirmed in Oc
  
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