Construction news

• Crest Nicholson rebuffs approach from another rival

  05-07-2024 16:35
  
  Crest Nicholson has confirmed it has been approached by another rival after rejecting a £650m takeover offer from Bellway last month.
  The house builder said it had “received unsolicited, preliminary, indicative proposals from Avant Homes regarding a possible all-share combination of Crest Nicholson and Avant.”
  It added: “None of the proposals from Avant involved a possible takeover offer by Avant for Crest Nicholson.“The most recent indicative proposal was an all-sh
  
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• ISG sale set to be rubberstamped

  05-07-2024 14:00
  
  Cash-strapped contractor ISG is in final talks to agree the sale of the business to an overseas buyer.
  Today the firm issued a statement to staff and suppliers setting out the plan, which will see a significant cash-injection into the business.
  Further details will be confirmed in the coming days about the identity of overseas buyer, which is rumoured to be South African.
  For several months suppliers and subcontractors have been told by the contractor that its Texan billionaire owner William Har
  
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• ISG sale set to be rubber-stamped

  05-07-2024 14:00
  
  Cash-strapped contractor ISG is in final talks to agree the sale of the business to an overseas buyer.
  Today the firm issued a statement to staff and suppliers setting out the plan, which will see a significant cash-injection into the business.
  Further details will be confirmed in the coming days about the identity of overseas buyer, which is rumoured to be South African.
  For several months suppliers and subcontractors have been told by the contractor that its Texan billionaire owner William Har
  
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• Lendlease signs £450m army barracks upgrade

  05-07-2024 12:45
  
  Lendlease has signed on the dotted line on contracts to upgrade army barracks in Gloucester, the Midlands and Wales.
  The contracts, procured under the Defence Estate Optimisation, include the mostly new-build construction of live, work and train facilities estimated to be worth £450m.
  Works to be carried out for the Army and DIO are:Imjin Barracks – a new-build construction of living, working and training facilities on-site comprising of single living accommodation blocks, new garagi
  
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• Plans go in for “new destination” in Reading

  05-07-2024 09:28
  
  PLANS for an 11-storey build-to-rent development of 576 apartments in Reading have been submitted to create a ‘new destination’ for the town.
  The application by developers Peveril Securities and Sladen Estates is for the redevelopment and transformation of Napier Court in Napier Road.
  Plans include the demolition of three existing office buildings and the construction of new 11-storey buildings featuring studio, one, two and three-bedroom apartments.Ralph Jones of Peveril Securities
  
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• Torsion to build £53m Sheffield resi towers

  05-07-2024 08:25
  
  Torsion Group has formed a joint venture with Housing Growth Partnership to deliver a new £53m residential development at Hollis Croft in Sheffield.
  Torsion Construction will be main contractor on the 234 bed Build to Rent (BTR) project in blocks from seven to 17 floor.
  Completion is expected in mid-2026 and the scheme will also feature a residents’ lounge, home cinema, fully equipped gym, co-working areas with meeting rooms and bicycle storage.Dan Spencer, chief executive at Torsion
  
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• Service contractors secure £80m lifts framework

  05-07-2024 08:19
  Fusion21 has appointed 37 service contractors to its national Lifts Framework worth up to £80m over four years.
  The firms, three-quarters of which are SMEs, will carry out lift-related works and services to the public sector, including housing, education, and healthcare sites.
  Offering geographical coverage across the UK, the framework supports the design, installation, servicing, testing, and refurbishment works of passenger and goods lifts, stair lifts and lift consultancy services.Peter
  
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• HSE highlights “significant” rise in construction deaths

  05-07-2024 08:19
  
  Latest figures from the Health and Safety Executive reveal that 51 construction workers died following accidents during the year to March 31 2024.
  The figure is an increase on the previous year’s total of 47 and the five-year average for fatal injuries in the sector which stands at 42.
  The HSE said: “While the number of fatalities fluctuates year-on-year, the average number of worker deaths in construction in the latest two years is statistically significantly higher than the pre-pan
  
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• SDC wins £60m revamp of Cambridge Uni masterpiece

  05-07-2024 07:57
  
  The University of Cambridge has picked Bedfordshire contractor SDC to deliver the complex refit of the historic James Stirling-designed History Faculty and Seeley Libray.
  Described as a modernist jewel by architects the faculty built in the late 1960s will undergo a comprehensive £60m overhaul.
  £200m-plus turnover SDC is understood to have pipped Kier, Bowmer & Kirkland and Willmott Dixon to the prestigious job.
  Architect James Stirling designed the History Faculty considered to
  
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• Multiplex tops contracts league with tower win

  05-07-2024 07:52
  
  Multiplex was catapulted to the top of the league raking for contracts won in June on the strength of one major tower project in London.
  In a thin month for major project awards, insurance giant AXA gave Multiplex the go-ahead to start main works on its 650,000 sq ft 50 Fenchurch Street office in the city of London.
  The 36-storey project exemplified the new generation of office schemes in the pipeline with hanging gardens from every floor and a landscaped terrace for offfice workers on the 10-fl
  
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