Construction news

• Avant Homes makes £109m loss

  15-07-2024 13:39 via constructionenquirer.com
  
  Regional house builder Avant Homes has racked up pre-tax losses of £108.9m from a turnover of £500m.
  Latest accounts for the firm’s holding company for the period to June 30 2023 reveal a string of exceptional items associated with building safety measures and costing errors on previous developments.
  Finance costs for loans also racked up as interest payments hit £87.8m during the year.
  Avant Homes is run by ex-Persimmon chief Jeff Fairburn.The firm was acquired in 2021 w
  
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• Skanska signs £105m London Millbank office rebuild

  15-07-2024 09:08 via constructionenquirer.com
  
  Skanska has signed a £105m contract to deliver a major office rebuild on Millbank close to the Houses of Parliament.
  Developer Old Park Lane Management aims to dismantle and rebuild 7 Millbank in Westminster to create nine-storey office building with two basement levels.
  The design and build of 12,100 sq m of workspace will include reconstruction of the original historic façade, which has been carefully deconstructed by demolition contractor McGee and stored before being rebuilt int
  
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• Welsh fit-out specialist files administration notice

  15-07-2024 08:52 via constructionenquirer.com
  
  Cardiff-based office fit-out and interiors specialist Paramount D&B has filed a notice of intention to appoint an administrator.
  The specialist contractor operates across Wales and the south west, employing around 50 staff out of its Cardiff and Bristol offices.
  Established over 30 years ago, Paramount delivers office design and fit-out services as well as construction of new building developments.Chief executive officer, Richard Jones completed a management buyout of Paramount in 2018, hav
  
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• BAM starts £88m Fife passivhaus school job

  15-07-2024 08:46 via constructionenquirer.com
  
  Bam has got the all-clear to start building a major Scottish passivhaus school project in Fife.
  The £88m school, which is being delivered by hub East Central Scotland, is scheduled to open in 2026 and will replace the existing Inverkeithing High.
  Being built on the former Rosyth Fleet Grounds, South West Fife High School will have capacity to accommodate around 1,800 pupils, over three floors.The school will use around 75% less energy than standard for a UK new build
  CEO of hub East Centra
  
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• Torsion appoints news Chief Operating Officer

  15-07-2024 08:41 via constructionenquirer.com
  
  Leeds based development, construction and real estate management business Torsion Group has promoted David Worsley to Chief Operating Officer (COO).
  During his six years at the firm Worsley has been responsible for assembling the development of 3,200 PBSA beds and 1,150 Residential Apartments. He has generated more than £710m of capital, including institutional and private equity.
  As COO, he will focus on identifying future key development opportunities, securing large-scale funding, and n
  
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• Torsion appoints new Chief Operating Officer

  15-07-2024 08:41 via constructionenquirer.com
  
  Leeds based development, construction and real estate management business Torsion Group has promoted David Worsley to Chief Operating Officer (COO).
  During his six years at the firm Worsley has been responsible for assembling the development of 3,200 PBSA beds and 1,150 Residential Apartments. He has generated more than £710m of capital, including institutional and private equity.
  As COO, he will focus on identifying future key development opportunities, securing large-scale funding, and n
  
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• Extra HS2 payment sees SCS contract jump to £4.24bn

  15-07-2024 08:22 via constructionenquirer.com
  
  HS2’s Skanska Costain Strabag joint venture has secured an extra £150m funding for its first phase southern tunnelling section of the high speed route.
  It is the third extra payment for work on the southern route taking total additional payments to £650m.
  The award relates to planned and agreed changes to the scope of works under the contract.
  Skanska’s share of the total contract sum is now valued at around £1.425bn, up from £1.12bn when the contract was sign
  
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• Three-year HS2 station box excavation completed

  15-07-2024 08:07 via constructionenquirer.com
  
  Workers on HS2’s new super-hub station at Old Oak Common in west London have completed the excavation of the huge underground box structure where high speed trains will stop.
  The excavation has taken three years after permanent construction to form the walls of the box began in June 2021.
  The vast underground box has a 1.12 mile fibre-reinforced concrete diaphragm wall around it, and 1.3million tonnes of London Clay has been removed from inside – enough to fill over 300 Olympic sized
  
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