Construction news

• Luxury Liverpool student scheme saved from administration

  03-10-2024 17:38 via constructionenquirer.com
  
  A luxury student accommodation scheme in Liverpool is now open after being saved from administration when the previous developer failed to complete the job.
  Blacklight Capital Partners took on the part-constructed £60m Limelight development of 535 beds after being chosen as the preferred bidder by administrator Mazars, following the previous developer’s inability to execute the scheme under a fractional ownership model.
  Blacklight maintained the original subcontractors, ensuring cont
  
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• Galliford Try profits and revenue surge

  03-10-2024 09:23 via constructionenquirer.com
  
  Galliford Try has delivered strong growth and profits in the year to June after a surge in previously delayed building jobs and a strong flow of water infrastructure spending.
  Pre-exceptional pre-tax profits jumped 40% to £33m on turnover rising 27% to £1.77bn.
  The improvement helped group operating margin edge up to 2.5% as the firm remained selective about new work on the back of a strong order book.
  Bill Hocking, chief executive, said: “During the year, the group enjoyed the
  
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• Skanska staff get access to digital doctors

  03-10-2024 09:16 via constructionenquirer.com
  
  Skanska has launched a Digital GP service for all staff providing employees and their immediate families with instant advice and diagnosis.
  Digital GP allows employees to connect with a doctor via video call or phone consultation.
  The service operated by HealthHero, also provides prescriptions, open referrals and fit notes.Harvey Francis, Skanska UK Executive Vice President,said, “We are really pleased to be able to extend this benefit to all our employees, Care for Life is one of our core
  
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• Another new name for former Kier Living housing arm

  03-10-2024 08:54 via constructionenquirer.com
  
  Private equity giant Terra Firm has merged its two house building businesses.
  The new operation will be known as untypical and brings together Hopkins Homes and Tilia Homes with an initial target of delivering 2,000 houses a year.
  Tilia Homes was formerly known as Kier Living before being rebranded by Terra Firma after its £110m acquisition in 2021.East Anglia based Hopkins Homes was acquired by Terra Firma in 2022.
  Both names will continue as the customer-facing brands enabling untypical
  
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• Octavius Infrastructure national expansion push pays off

  03-10-2024 08:38 via constructionenquirer.com
  
  A controlled expansion strategy at Octavius Infrastructure has started to pay off with the firm delivering a strong year of growth in both revenue and profitability.
  Octavius became a standalone business just three years ago after being hived off from regional contractor Geoffrey Osborne, which earlier this year fell into administration.
  Since that time turnover hovered around £200m but in the last 12 months to March 2024 Octavius delivered a step change with revenue jumping £61m to
  
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• London RC frame specialist goes under

  03-10-2024 08:35 via constructionenquirer.com
  
  North London based groundworks and concrete specialist Bela Structures has fallen into administration.
  The firm was set up over eight years ago and operated throughout London on mainly mid-rise residential projects with a total workforce of around a 100 at peak.
  Bela also carried out demolition and basement works.
  In recent years as cost inflation hit, the business scaled down to around 30 workers as it grew more cautious about the projects it took on. But in the end delayed payment on jobs sent
  
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• Danny Sullivan Group buys M&E recruitment firm

  03-10-2024 08:33 via constructionenquirer.com
  
  Infrastructure labour supplier Danny Sullivan Group has acquired M&E recruitment specialist Diamond Construction & Engineering Recruitment.
  Essex based Diamond has been in business since 1983 and specialises in the provision of blue and white collar temporary and permanent personnel to the M&E sector nationwide.
  Tim O Sullivan, MD of Danny Sullivan Group, said: “Diamond shares a common history and core values with Danny Sullivan Group and has built a fantastic expertise and rep
  
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