Construction news

• 2026 start for £6bn London Earls Court scheme

  12-03-2024 09:41 via constructionenquirer.com
  
  The developer behind the ambitious £6bn redevelopment of Earl’s Court in London has confirmed it will start construction in 2026.
  Launching detailed plans for phase one, the Earls Court Development Company confirmed plans would be lodged this summer for phase one.
  This will consist of major infrastructure works for the site and over 1,000 homes, the first cultural and commercial buildings, and the park.Planned Table Park at Earls Court
  Rob Heasman, CEO of ECDC, said: “Forging a
  
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• Reboot for £3.6bn NHS modular buildings framework

  12-03-2024 09:21 via constructionenquirer.com
  
  Around 21 modular specialists face a fight to retain places on the next-generation modular building framework for NHS Shared Business Services.
  The rebooted framework has been expanded to cover new sectors, doubling the expected workload over the next four years to £3.6bn.
  For the first time, it will include a hybrid construction/modular lot, where the general construction works element accounts for over £60m of the project value.This is expected to attract JV bids from mainstream mo
  
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• Costain profits dented by slide in transport arm trading

  12-03-2024 09:10 via constructionenquirer.com
  
  A slide in profitability and revenue at Costain’s transportation division saw overall group performance slip last year.
  Overall, group revenue fell 6% to £1.33bn due to the rephasing and rescoping of projects at the transportation division covering highways and railway work.
  This saw group operating profit fall 23% to £27m, while reported pretax profit slipped by 6% to £31m.Over the year to the end of 2023, Costain incurred £8m of transformation and restructuring co
  
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• Persimmon prepares for another tough year ahead

  12-03-2024 08:50 via constructionenquirer.com
  
  Persimmon is predicting another tough year ahead for the housing market as its latest results showed pre-tax profits fell by more than 50%.
  Group chief  executive Dean Finch said: “With interest rates expected to remain at current levels and a general election on the horizon, market conditions are expected to remain subdued throughout 2024.
  “However, we are well placed to manage this and are positioning the business for sustainable future growth over the medium-term.”Resul
  
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• Plans go in for £250m revamp of Glasgow site

  12-03-2024 08:14 via constructionenquirer.com
  
  A new planning application has gone in for a £250m revamp of Charing Cross in the centre of Glasgow.
  The application has been lodged by CXG Glasgow Limited, a subsidiary of Tracey Investments Limited and owners of the Venlaw building and Elmbank Gardens, in conjunction with the owners of the property at 300 Bath Street.
  Plans for the Charing Cross Gateway regeneration project are split into two phases – the first containing student accommodation and a healthcare/GP surgery facility.P
  
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• 15-year London Waterloo Station revamp plan

  12-03-2024 00:36 via constructionenquirer.com
  
  Ambitious plans for a major overhaul of London’s Waterloo railway station and the surrounding area have been unveiled.
  The 15-year revamp plan includes opening up boarded-up railway arches, new southern station concourse and a large mansard rooftop extension along the station front entrance.
  Network Rail and Lambeth Council have teamed up with local developers HB Reavis, Bourne Capital, LCR, and SB Royal Holdings to commission Grimshaw Architects to develop the vision document for the stat
  
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