Construction news

• Green light for 159 flats at Manchester Waters

  04-03-2024 23:47
  
  Waterside regeneration specialists Peel Waters has got the planning green light for 159 build to rent flats at Manchester Waters.
  The two planned buildings will overlook both The Bridgewater Canal and The Manchester Ship Canals giving every resident a home with a waterfront view.
  As part of the proposals, Peel will be contribute equivalent to 20% affordable housing within Trafford and a further contribution will be made towards improving green spaces in the local area.Sustainability is at the he
  
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• 16 firms win £800m Sovereign Network new-build deal

  04-03-2024 15:53
  
  Housing association Sovereign Network Group has selected 16 building contractors to work on its growing new homes programme that could be worth up to £800m over four years.
  The appointments forms part of SNG’s ambition to deliver 25,000 new homes over the next 10 years.
  The contractors chosen will cover the South and South West of England including Oxfordshire, Hampshire, across to Devon and Gloucestershire.Successful contractors include Vistry Partnerships, Hill Holdings, Thakeham a
  
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• Siemens Mobility to build £100m Chippenham factory

  04-03-2024 08:54
  
  Siemens is to invest £100m to build a factory in Wiltshire to produce the next generation of rail signalling and control systems for Britain.
  It will replace its historic railway signalling and controls industrial complex next to the Great Western main line at Chippenham in Wiltshire.
  The new cutting-edge facility as to be built in Chippenham is expected to be operational by 2026, with around 800 skilled manufacturing, research, engineering and reporting roles transitioning to the new site
  
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• Winners revealed for £700m new build housing deal

  04-03-2024 08:53
  
  Regional procurement specialist EN:Procure has revealed the winning 27 contractors for its latest £700m new build housing framework.
  The selected contractors will carry out work covering all aspects of new build housing, including design, site preparation and remediation, civil engineering and infrastructure works, and new build construction and refurbishment across Yorkshire and the Humber, the East Midlands and the North West
  The lots, to run from 4 March 2024 to 3 March 2028, include th
  
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• Morgan Sindall seals £39m deal for Newcastle academy deal

  04-03-2024 08:34
  
  Morgan Sindall has signed off a main works contractor worth ££39m to build Callerton Academy in Newcastle.
  The 3-storey split-level Academy for 1,200 students will be over 8,700 m², including sports facilities with community use.
  Designed by SPACE Architects it is designed to be net zero carbon in operation (NZICO)  – complete with an expansive PV green roof.Site enabling works are advancing with Morgan Sindall expected to start working on the foundations within the n
  
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• GF Tomlinson edges back into profit

  04-03-2024 08:33
  
  Midlands builder G F Tomlinson Group has edged back to profit after falling £2.7m into the red in the previous year.
  Contract start delays at the height of industry-wide cost inflation resulted in revenue falling to less than half that expected by the board.
  Delays particularly on public sector jobs waiting for extra funding saw revenue slide 17% to £66.2m in the year to 30 June 2023.This generated £238,000 pre-tax profit albeit after a small operating loss of £71,000, he
  
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• Acquisitive RSK tops £1.2bn turnover

  04-03-2024 08:25
  
  Acquisition-hungry RSK Group has exceeded the £1bn turnover milestone after a year of 34 takeovers, costing £311m.
  The multi-consultancy and construction services group saw revenue jump over 50% to £1.22bn, while pre-tax losses doubled to £81m in the year to April 2023, after £74m in interest payments.
  EBITDA,  before exceptional non- recurring costs, increased to £83m (2022 £59m), while cash generated doubled to £75m.RSK founder and CEO Alan
  
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• Groundworks firm Hiretest files administration notice

  04-03-2024 08:16
  
  Watford based groundworks contractor Hiretest Limited has filed a notice of intention to appoint an administrator.
  The family-run firm has been in business for more than 30 years specialising in groundworks and reinforced concrete frame construction.
  Hirestest did a lot of work for Readie Construction which went into administration last month.Latest results filed for Hirestest for the 18 months to May 31 2022 show the firm had a turnover of £28m generating a pre-tax loss of £77,283 w
  
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