Construction news

• Go-ahead for City of London’s tallest tower

  13-12-2024 14:39 via constructionenquirer.com
  
  Plans to build the City of London’s tallest tower have received the green light.
  The 74-storey office tower known as 1 Undershaft will deliver nearly 1.7m sq ft of prime office space.
  The stepped skyscraper will top out at the same height, when benchmarked against sea level, as the Shard, soaring to the 309.6m maximum ceiling permitted by the civil aviation authority.
  Architect Eric Parry designed One Undershaft with WSP on the client team as multi-disciplinary engineer, and Aecom as
  
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• Five firms clinch £300m Greenwich Uni framework deal

  13-12-2024 09:06 via constructionenquirer.com
  
  The University of Greenwich has picked McLaren Construction, Wates, Morgan Sindall, Vinci and Willmott Dixon to deliver a £300m programme of works covering a mix of refurbishment, rebuild and new build at its three campuses.
  Projects delivered by the University’s framework deal are expected to vary in value between £50m and £250m across three campuses.
  The mix of properties within scope include scheduled monuments, listed buildings, buildings of various ages and new const
  
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• Construction output hit by fall in repair and maintenance

  13-12-2024 09:05 via constructionenquirer.com
  
  Construction output fell by 0.4% in volume terms in October after a feeble rise of 0.1% in September.
  The decrease in monthly activity came solely from a fall in repair and maintenance of 1.3%, as new work edged forward by 0.2%.
  At the sector level, both commercial and industrial new work showed stronger growth of 1.7% and 2.4%, but a big monthly fall private housing repair and maintenance of 3.8% acted as a drag on construction as a whole.The three-month trend figures for construction still rem
  
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• Construction output dips after Autumn budget

  13-12-2024 09:05 via constructionenquirer.com
  
  Construction output fell by 0.4% in volume terms in October after a sluggish rise of 0.1% in September.
  The decrease in monthly output came solely from a fall in repair and maintenance of 1.3%, as new work edged forward by 0.2%.
  At the sector level both commercial and industrial new work showed stronger growth of 1.7% and 2.4%, but a big monthly fall private housing repair and maintenance of 3.8% acted as a drag on construction as a whole.The three-month trend figures for construction still rema
  
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• Wates transfers pension scheme to “superfund”

  13-12-2024 08:46 via constructionenquirer.com
  
  Wates is transferring its defined benefits pension scheme to superfund Clara.
  The move will see £210m of assets transfer to pension specialist Clara and Wates will invest another £19m into the fund which covers 1,500 current and former staff.
  The transfer to Clara is expected to complete in January 2025. Clara specialises in managing member benefits transferred from pension schemes and is overseen by a board of experienced professional independent trustees.Mike Roberts, Chair of Trus
  
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• Muse hires new development director for North West

  13-12-2024 08:34 via constructionenquirer.com
  
  Muse has strengthened its team in the North West with the appointment of Tom Darby as development director.He joins the Salford-based team from Bruntwood where he has worked for the past 10 years where he has helped deliver several transformational commercial and research & development schemes.  
  This includes Enterprise Wharf in the heart of Birmingham’s Knowledge Quarter, the £200m+ Birmingham Health Innovation Campus, Glasshouse at Alderley Park just outside of Manchester
  
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• Hill Group strikes first Build to Rent deal

  13-12-2024 08:22 via constructionenquirer.com
  
  House builder The Hill Group, has agreed its first Build to Rent deal after arranging funding with Lloyds Living.
  Hill’s expansion into the BTR sector will start with a first-phase 264 apartments scheme in Stevenage town centre which will eventually contain 576 homes.
  The buildings are scheduled for delivery in 2026.Andy Hill, founder and Group Chief Executive of The Hill Group, said: “We are pleased to confirm the completion of our first Build to Rent deal demonstrating our commitme
  
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