Construction news

Keltbray sells infrastructure business to private equity firm

19-08-2024 09:39 via constructionenquirer.com

Keltbray has sold its infrastructure division to private equity firm EMK Capital.
The firm said the sale of Keltbray Infrastructure Services Limited (KISL) allows it “to focus more sharply on the built environment sector and other targeted markets, in line with its established strategy for diversified growth.”
It added: “EMK Capital brings the financial resources and strategic expertise to drive future transformational growth in KISL and enhance its market offerings.”Bren

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Women into Construction ceases trading

19-08-2024 08:11 via constructionenquirer.com

Women into Construction has ceased trading after 16 years.
The organisation has been promoting gender equality in the industry since 2008 but is now being closed due to a “challenging economic climate for both the charitable and construction sectors.”
Managing Director Kath Moore said: “After 16 Years of Changing the Face of Construction, Women into Construction has taken the difficult decision to cease trading.“We know that there is still much to be done to transform div

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Muckshifters called up for £2.2bn Abingdon reservoir

19-08-2024 08:05 via constructionenquirer.com

Thames Water is starting early supplier engagement with firms interested in delivering a 45 million cu m earthworks programme for its proposed new reservoir in Oxfordshire.
Planned reservoir to south of Oxford, near Abingdon
The Abingdon reservoir could cost up to £2.2bn to build and would supply water to 15m people across the South East.
Consultants Arup and Binnies were appointed joint venture technical partners this summer with Costain securing a deal to start clay compaction trials to

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Race starts for £1.5bn Parliament estate upkeep deal

19-08-2024 08:03 via constructionenquirer.com

The tender race has launched for places on a new £1.5bn framework to deliver the programme of on-going repairs and improvements to the Houses of Parliament and its wider MP estate in London.
The new Parliamentary Construction Partnership Framework will replace the existing MEPFS (Mechanical, Electrical, Public health, and Fabric Safety) Framework, which expires on 15 March 2025.
Works under the new seven-year framework will cover the medium term investment into the early 2030s, rather than

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West Midlands modular firm falls into administration

19-08-2024 08:02 via constructionenquirer.com

Offsite housing specialist Modpods International has been placed into administration.
All 122 staff at the Stoneleigh-based modular house builder have been made redundant.
The firm set up in 2017, delivered its first two storey, two-bedroom pod for Birmingham Municipal Housing Trust back in 2019.It achieved a rolling 12-months turnover of around £11m and was forecasting turnover for 2024 to hit £31m.
Modpods homes in Birmingham
Efforts were being made to sell the business in June pri

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