Construction news

• Costain moves HQ to London’s Can of Ham

  27-02-2024 23:55 via constructionenquirer.com
  
  Costain is moving its headquarters from Maidenhead to the landmark ‘Can of Ham’ building in the heart of London’s Square Mile.
  Costain will occupy the 7th floor of 70 St Mary Axe as it increases its presence in the capital.
  The move is expected to complete in the second half of 2024, ramping up the firm’s existing London capacity by around 400%.
  Alex Vaughan, Costain’s chief executive, said: “This is an exciting new chapter in Costain’s 159-year his
  
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• Historic breakthrough for HS2’s longest tunnel drive

  27-02-2024 20:02 via constructionenquirer.com
  
  After almost three years of around-the-clock grind, tunnellers celebrated yesterday as HS2’s longest tunnel drive came to an end.
  The 17-strong crew working the enormous Florence TBM achieved an average speed of 16m a day on the 10-mile journey under the Chilterns.
  The 2,000-tonne TBM is one of 10 machines excavating the 32 miles of tunnel on the HS2 project from London Euston to Birmingham.Main works contractor Align’s other sister TBM, Cecilia is driving the second of the bores on
  
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• Careys back in profit after £47m turnaround

  27-02-2024 15:00 via constructionenquirer.com
  
  Civils and construction specialist Careys has staged a major turnaround at its main contracting business which is back in the black.
  Latest accounts filed for parent company Araglin Holdings Ltd show the construction division made a profit of £9m for the year to 30 September 2023 compared to a £38m loss last time from a turnover up to £402m from £366m.
  Around ten problem jobs rocked Careys last year but they have now mainly been worked through and contract selection for f
  
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• Former Keltbray highways MD joins McAlpine

  27-02-2024 12:08 via constructionenquirer.com
  
  Sir Robert McAlpine has appointed former Keltbray highways chief Vip Gandhi as its managing director of Transport.
  He worked for Keltbray for just over two years as managing director Highways & Renewables (Civils) before leaving at the end of 2023.
  Gandhi bring over 30 years experience having worked before that at civils contractor nmcn for a short spell and over 20 years at consultant Jacobs.He will drive McAlpine’s ongoing growth strategy in Infrastructure, one of its core sectors, a
  
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• Go-ahead for 64 homes at former Glasgow Coliseum theatre

  27-02-2024 09:32 via constructionenquirer.com
  
  Robertson Group-owned regeneration specialist Urban Union has gained planning to transform the site of the former Glasgow Coliseum Theatre into 64 homes.
  Part of the Laurieston Transformational Regeneration Area, the development is a joint venture between New Gorbals Housing Association and Urban Union.
  The development comprises four residential blocks arranged around a central courtyard on the derelict site of the former theatre on Eglinton Street, near the O2 Academy.
  The four and six storey b
  
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• Purpose build student schemes to surge again

  27-02-2024 09:00 via constructionenquirer.com
  
  Student accommodation developer Unite is stepping up its development programme predicting a further surge in demand over the next decade.
  The firm said a decline in Houses in Multiple Occupancy supply over the last few years, driven by stricter renter reforms and higher mortgage costs, had provided fresh impetus to the purpose-built student accommodation sector.
  Announcing strong earnings for last year, chief executive Joe Lister today said there were strong growth opportunities for the sector i
  
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• Brickability sounds warning over materials demand

  27-02-2024 08:41 via constructionenquirer.com
  
  Construction materials distributor Brickability is warning that falling sales are likely to take longer than expected to recover as the housing market stutters.
  In a trading update the AIM-listed firm said: “Whilst it is encouraging that the rate of inflation is trending down favourably and the widely expected fall in interest rates will benefit the wider market, trading conditions are expected to remain challenging for longer than initially anticipated.
  “As a result, the Board now c
  
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• Willmott Dixon exits stage left from Essex theatre contract

  27-02-2024 08:23 via constructionenquirer.com
  
  Willmott Dixon has walked away from a major upgrade job at the Cliffs Pavilion theatre in Essex.
  Southend-on-Sea City Council confirmed Willmott Dixon as its chosen construction partner last July.
  The contractor signed a a pre-construction agreement with the council ahead of negotiating an agreed cost and works plan for the scheme with the deal priced at £5.8mBut the job is now being re-tendered after both sides failed to reach agreement on price.
  It is the second job Willmott Dixon has wa
  
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• Bidding starts for £1.4bn Midlands Rail Hub Alliance

  27-02-2024 08:23 via constructionenquirer.com
  
  Network Rail has started the bidding for its latest major alliance deal to upgrade a series of rail lines and stations around Birmingham and nearby towns and cities.
  It is now on the hunt for partners to deliver the £1.4bn Midlands Rail Hub programme of major works across the West, Central and East Midlands.
  To deliver the programme it aims to create an Alliance set to run for eight years, first concentrating on works around Birmingham Moor Street.Acting as client, Network Rail is seeking
  
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• English Cities Fund raises extra £200m for work pipeline

  27-02-2024 08:20 via constructionenquirer.com
  
  The ECF development partnership between Homes England, Legal & General and Muse has raised an £200m to speed up its pipeline of regeneration projects.
  Formerly called the English Cities Fund, the partners are injecting an additional £100m of equity to be matched by an additional £100m of debt.
  This allows the ECF to double in size to £400m after being set up with £100m of investment cash back in 2001.
  Since its inception, the fund has completed five mixed-use re
  
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