Construction news

• JTRE starts £400m 21-floor London tower scheme

  10-06-2024 11:21
  
  Slovakia-originated London developer JTRE has given the go-ahead to start work on a £400m mixed-use scheme on the Capital’s Blackfriars Road.
  The 220 Blackfriars Road scheme delivered in partnership with Southwark Charities will see a 21-storey office block and a second smaller tower, at 15 storeys that will encompass 64 almshouses with charity hub and community hall.
  Specialist firm Downwell Enabling has started demolition of the current Edward Edwards House building on the site, af
  
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• Bid race starts for up £95m repairs to PFI hospital

  10-06-2024 09:31
  
  The race has started for the job to repair serious defects at a mental health hospital built under PFI just over a decade ago.
  Roseberry Park Hospital in Middlesbrough opened in 2011 but has had problems with its roof, plumbing and fire safety system.
  Now Tees, Esk and Wear Valley NHS Trust, which won a battle to terminate its contract with the original PFI provider, is looking for a firm to carry out an extensive programme of defect rectification works.Planned works to blocks 1 and 9 at the sit
  
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• R G Carter construction profits up despite 24% revenue fall

  10-06-2024 09:02
  
  The construction arm of the R G Carter Group delivered better profits last year despite revenue falling 25% to £228m.
  Chairman Robert Carter said a selective approach to the clients the firm worked with had helped to raise profitability with pre-tax profit jumping to £6.3m from £1m previously
  He said:  “Our core activity of construction is trading well. Turnover in 2024 is forecasted to be in line with that achieved in 2023. This reflects our continued selective appr
  
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• Building Safety changes slow down construction recovery

  10-06-2024 08:45
  
  The ongoing impact of the new building safety regime could hamper the fledgling recovery underway in construction.
  Experts at Arcadis have highlighted a very confused market in their latest analysis.
  The consultants are forecasting higher levels of construction inflation from 2026 onwards even as the industry’s recovery struggles to take-off in 2024 and 2025.This will be due to resource constraints and the impact of delayed procurements on the future shape of the supply chain.
  Contractors
  
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• Knight Build owed money for work on UK’s poshest street

  10-06-2024 08:22
  
  Knight Build has been left chasing unpaid bills for basement work on a development on the UK’s most expensive street.
  The contractor had been working on a major basement excavation and planned frame build at 18-19 Buckingham Gate in Westminster where two old houses have been demolished to make way for a luxury apartment complex,
  Knight Build started work in March 2022 on the street where the average house price is £9.6m.But the firm terminated its contract in June 2023 following paym
  
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• Winvic ranks top of May contracts league

  10-06-2024 08:21
  
  A flurry of contract wins saw shed and multi-room specialist Winvic fly to the top of the contracts league in May.
  Among its new orders, Winvic secured a 1.2m sq ft warehouse for Yusen Logistics UK at SEGRO Logistics Park Northampton, marking the first major build at the site. It also clinched three linked residential towers of 10, 12 and 14 storeys for 451 flats at Sweet Street in the Holbeck area of Leeds.
  Sisk ranked second in the month after confirming its £340m contract for the new No
  
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• Refurbs power London office work to record high

  10-06-2024 08:18
  
  Sustained growth in London building upgrade activity has lifted office construction to a record high in the first three months of 2024.
  The volume under construction hit an all-time high of 16.4m sq ft across 127 schemes by March, according to the latest Deloitte London Office Crane Survey.
  Much was fed from work starts in the previous two quarters of growth, but even in a slightly slower start to the year new project starts totalled 4.2m sq ft, the first time three consecutive quarters have top
  
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