Construction news

• £300m London City fringe office tower approved

  10-10-2024 22:00 via constructionenquirer.com
  
  Rocket Property has got the planning green light for a 27-storey office tower on the northern fringe of the City of London.
  Designed by architect AHMM, the Shoreditch High Street project will involve 125m main tower with a part 8-storey and part 7 storey building plus two levels of basement.
  Known as One Fairchild Street, the £300m scheme will offer around 32,000m² of office space, with retail floorspace at ground level.In a late design change, the brick cladding has been switched fro
  
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• 15 giant bridge beams lifted into place at HS2 station

  10-10-2024 17:28 via constructionenquirer.com
  
  HS2’s Interchange Station in Solihull is taking shape after a 20-strong team lifted 15 huge bridge beams into position.
  The beams were hoisted into place onto existing abutments and piers using a 650-tonne crane to form the ‘building blocks’ of a road bridge that will take vehicles over the high-speed railway and onto the station car parks.The beams weigh a collective total of 565 tonnes and are the foundation of the two-lane bridge, which will stretch 63.5 metres once finished
  
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• Ballymore JV picked for £500m King’s Cross scheme

  10-10-2024 16:08 via constructionenquirer.com
  
  London’s Camden council has picked developer Ballymore and life sciences developer Lateral to deliver its £500m mixed-use Camley Street project in the King’s Cross Knowledge Quarter.
  The development plan is focused on regenerating two nearby former light industrial sites at Camley Street and Cedar Way covering around 3.56 acres.
  The planned redevelopment will deliver around 350 homes – around 170 of these will be genuinely affordable homes and more than 200,000sq ft of co
  
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• Glenbrook plans 44-storey Manchester resi tower

  10-10-2024 09:17 via constructionenquirer.com
  
  Developer Glenbrook has unveiled plans to bring forward a 44-storey residential scheme in Manchester city centre.
  Located on a prominent site, adjacent to Deansgate Train Station at Whitworth Street West, the project would provide 364 flats.
  Skyscraper plan near Deansgate station designed by architect Sheppard Robson
  At ground level commercial space would be contained within a three-storey arched terracotta colonnade.Daniel Roberts, development director at Glenbrook, said: “As a Manchester
  
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• Downing submits 430-bed London student scheme

  10-10-2024 08:58 via constructionenquirer.com
  
  Hybrid developer and contractor Downing has submitted plans for a 430-bed student accommodation and commercial scheme in South London.
  The Livrpool-based firm plans to transform a brownfield site at 2 Armoury Way in Wandsworth with two 10-storey towers.The location is part of the “Gasholder Site, Armoury Way” area, a key component of Wandsworth’s recently adopted Local Plan, which has been designated as ideal for mixed-use redevelopment.
  Its Armoury Way project aims to achieve
  
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• Willmott Dixon bounces back into profit in first half

  10-10-2024 08:50 via constructionenquirer.com
  
  Willmott Dixon bounced back into the black in the first six months of the year with better profits than expected and a record order book .
  Chief executive officer Graham Dundas said Willmott Dixon enjoyed a ‘prompt and healthy return to profit’ after what had been a difficult 2023 when it suffered a £14m pre-tax loss due partly to the insolvency of an M&E subcontractor.
  “While market conditions remain competitive, both profit and turnover are ahead of our forecasts, u
  
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• M&E specialist Integral UK suffers fifth year of losses

  10-10-2024 08:42 via constructionenquirer.com
  
  Losses at building services and FM specialist Integral UK deepened last year to £32m, marking the fifth consecutive year in the red for the specialist contractor.
  These problems prompted a £3m round of redundancies last year and saw Integral’s US property investor owner Jones Lang LaSalle inject £15m into the business last March to strengthen its balance sheet.
  Turnover remained stable at the business rising 3% to £362m.The firm’s problems stemmed from a &poun
  
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• Construction firms face claw back of R&D tax credits

  10-10-2024 08:40 via constructionenquirer.com
  
  Companies across construction are dreading demands from HMRC as the authorities look to claw back millions in Research and Development tax breaks.
  Credits under the scheme give companies tax relief when they invest in innovation.
  But HMRC believe the system has been abused by firms and R&D tax credit advisers who take a cut of any rebates claimed.One contractor said: “A load of construction firms are sweating on this at the moment.
  “Advisers were popping up all over the place enc
  
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