Construction news

• Luxury house builder goes under with 70 job losses

  20-12-2024 14:39
  
  Luxury house builder Octagon Developments Ltd has gone into administration with all 70 staff made redundant.
  David Hudson and Phil Armstrong of FRP Advisory were appointed as joint administrators this week.
  The company has been in business since 1980 as a prestigious luxury property developer specialising in high-end residential homes across London and the Home Counties.Octagon has built a strong reputation over four decades for delivering exceptional properties featuring classical architectural
  
  Read more

• Stiffer fines for over-running street works from next Summer

  20-12-2024 09:08
  
  The Government is pressing ahead with a crackdown on late-running street works with stiffer fines and £100m extra to resurface roads from lane rentals fees.New regulations will come into force in summer 2025 following a consultation on the tougher measures to penalise utility companies from letting roadworks overrun.
  The new regime will extend the current £10,000 per day fine for over-running street works into weekends and bank holidays.Currently, utility companies are only fine
  
  Read more

• Keltbray infrastructure business reveals new name

  20-12-2024 09:04
  
  Keltbray Infrastructure Services Limited has renamed and rebranded to AUREOS.
  The rebrand follows the firms acquisition this summer by private equity firm EMK Capital.
  The name broadly translates as ‘a new dawn’ and “reflects the company’s ambition to deliver sustainable energy and transport networks that support the transition to a low carbon future whilst improving societal connectivity.”Darren James, CEO, AUREOS, said: “This is an important time in the evol
  
  Read more

• Notting Hill Genesis seeks more tier 1 repairs contractors

  20-12-2024 08:45
  Notting Hill Genesis plans to widen to eight firms the number of tier one repair contractors it uses in a strategic new approach to delivery.
  The London housing association has just gone out to tender for a £1.5bn framework that will run for 15 years.
  It said the decision had been taken to appoint a wider range of main contractors covering its four London regions – north, central, east and west.Katie Bond, chief operating officer at NHG, said that the move was designed to drive healt
  
  Read more

• Advertisement

• £113m Basildon rental homes scheme seals build finance

  20-12-2024 08:44
  
  A joint venture between Orwell Real Estate and Housing Growth Partnership has secured finance to build a landmark build to rent scheme in Basilton town centre.
  The project comprises 492 flats and around 1,650 sq m of commercial space, significantly contributing to Basildon’s £600m regeneration masterplan.
  Contractor Ernest Park is believed to be lined up to deliver the scheme as both project manager and main contractor. Gardiner & Theobald is acting as cost consultant and MTT the
  
  Read more

• Top Ten best read stories of 2024

  20-12-2024 08:17
  
  The Enquirer is putting out its last daily newsletter of the year today as the industry winds-down for its traditional Christmas break.
  The website will be updated with any major breaking stories during the holiday season with the full daily news service returning on January 6.
  It has been another eventful 12 months and a busy news year for construction as the Enquirer keeps the industry up to date with what is really going on.These were the best read stories during the year:Our most popular sto
  
  Read more

Follow @new_constructio on Twitter!