Construction news

• Lendlease to sell UK construction arm to US private equity giant

  02-01-2025 12:04 via constructionenquirer.com
  
  US private equity firm Atlas has struck a deal to buy Lendlease’s UK construction business.
  Under the terms of the agreement, Lendlease will receive £35m cash consideration, including £10m deferred until June 2026.
  Overall the deal is expected to be profit-neutral for Lendlease after taking into account retained risks on projects that have completed or substantially completed prior to exchange of the sale agreement.Atlas will acquire Lendlease’s construction business
  
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• Lendlease strikes deal to sell UK construction arm for £35m

  02-01-2025 12:04 via constructionenquirer.com
  
  US private equity firm Atlas has struck a deal to buy Lendlease’s UK construction business.
  Under the terms of the agreement, Lendlease will receive £35m cash consideration, including £10m deferred until June 2026.
  Overall the deal is expected to be profit-neutral for Lendlease after taking into account retained risks on projects that have completed or substantially completed prior to exchange of the sale agreement.Atlas will acquire Lendlease’s construction business
  
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• Solar panel installer fined £120,000 after roof fall

  02-01-2025 09:58 via constructionenquirer.com
  
  A solar panel specialist has been fined £120,000 after an employee broke his leg while working on a property in Salisbury.
  The man, who was 23 at the time, fell from the roof of the house on Sherfield English Road while working for EE Renewables Limited on 16 December 2022.
  He had been adjusting a solar panel when he slid and fell four metres onto the ground below, sustaining a broken femur as a result.An HSE investigation found EE Renewables Limited had not properly planned the work at he
  
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