Construction news

• Construction falls 20% in Build to Rent sector

  18-10-2024 09:20 via constructionenquirer.com
  
  Work has contracted sharply in the Build to Rent (BtR) sector with the number of homes under construction down 20% year-on-year.
  Latest analysis by Savills reveals the slow-down despite numbers from the British Property Federation (BPF) showing that the total number of purpose-built rental homes has reached more than 120,000 – a 23% increase over the past 12 months.
  A drop in construction has been an ongoing trend in 2024, with the number of completions consistently outpacing the number of
  
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• Wates and Equans bosses join Morgan Sindall Property Services

  18-10-2024 09:11 via constructionenquirer.com
  
  Morgan Sindall Property Services has appointed Ciaran O’Shea as new business and partnerships director and Andrew Charlton as pre-construction director to support the firm’s continued growth.
  O’Shea brings over 25 years of experience in the property and housing sector.
  He joins from Equans, where he served as the business development director for the southern region. Previously, he worked with Mears Group, where he played a crucial role in expanding and diversifying its service
  
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• Plans in for major London Shoreditch mixed-use scheme

  18-10-2024 08:40 via constructionenquirer.com
  
  Plans to redevelop a 1.5ha site on London’s City fringe with a 650,000 sq ft mixed-use scheme have gone in for planning.
  The Shoreditch Works redevelopment site is currently occupied by nearly 40 low-rise buildings of between four and six storeys. Around half of these would be demolished to create.
  Most of the new buildings will be 9 storeys or less in height, with one landmark 19-storey building.Developer Linea Properties – a joint venture between local landowners HDG and The Estate
  
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• Site slavery fears rise over migrant labour gangs

  18-10-2024 08:30 via constructionenquirer.com
  
  Contractors are being urged to check for signs of modern slavery as reports rise of exploited migrant workers on sites.
  The launch of two new campaigns comes as subcontractors warn of widescale abuse of foreign workers.
  One subcontracting boss said: “It’s not even being done subtly in London at the moment.“I know a string of sites where you’ll see the same scenario play-out every Friday afternoon.
  “The foreign workers gather near the gate then the Land Rovers arrive
  
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• OCU doubles size to over £600m turnover in two years

  18-10-2024 08:09 via constructionenquirer.com
  
  Energy and utilities infrastructure services contractor OCU Group has delivered another strong year raising revenue by just over a third to £611m.
  The revenue is now double the level of two years ago, when Stockport-based OCU was bought from founders Tim and Tom O’Connor by private equity group Triton Partners.
  Adjusted operating profit rose 13% to £58, which saw overall operating margin slip to 9.6% from 11.3% in the previous year.During the year to 30 April 2024, saw OCU grou
  
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