Construction news

• Mace wins £600m Euston Tower overhaul

  25-03-2025 17:43 via constructionenquirer.com
  
  Developer British Land is understood to have struck a deal with Mace to deliver a £600m overhaul of the Euton Tower in London.
  The award is a coup for Mace, which secured the pioneering project despite Lendlease starting out as early favourite after drawing up the pre-planning demolition and construction strategy.
  Under the reconstruction plan, Mace will retain around a third of the original 1970s building’s structural mass, while pioneering reuse and upcycling of materials on the 31
  
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• Funding hurdle remains as Lower Thames Crossing gains consent

  25-03-2025 13:18 via constructionenquirer.com
  
  The proposed £9bn Lower Thames Crossing between Kent and Essex has been given the planning go-ahead by Transport Secretary Heidi Alexander.
  The mega-project will be the country’s largest road scheme since the M25 was built 35 years ago and will have a major impact on the civil engineering industry.
  But despite development consent being granted today, financing for the 14-mile roads and tunnel project running under the Thames has still to be agreed.The government is currently explorin
  
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• Morgan Sindall upgrades forecast for next 12 months

  25-03-2025 08:50 via constructionenquirer.com
  
  Morgan Sindall has upgraded its profit forecast for the year ahead just a month after posting strong results for last year.
  In an unscheduled trading update, the firm said its Overbury fit-out firm enjoyed a flying start to the new financial year and was on track to yet again drive growth in profits ahead of expectations.
  The firm is benefitting from a surge in London office upgrade work as developers compete to attract big-name tenants with energy efficient revamps of their office space.Its tra
  
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• Restructure underway at Henry Boot Construction

  25-03-2025 08:43 via constructionenquirer.com
  
  Henry Boot Construction (HBC) is restructuring after a year of struggling to fill its order book as a new management team takes charge
  Henry Boot bosses said performance at its construction division including Banner Plant (BP) was “below our expectations” in its latest results for the year to December 31 2024.
  Construction posted turnover of £80.5m during the year compared to £99.5m last time generating an operating profit of £4.9m from £6.5m.A new management
  
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• Government pledges £2bn stop-gap funding for 18,000 homes

  25-03-2025 08:31 via constructionenquirer.com
  
  The government today pledged to inject £2bn in top-up grant funding to build up to 18,000 social and affordable homes in England.The funding will only be released for development on sites that will deliver in this Parliament, getting spades in the ground quickly to build homes in places such as Manchester and Liverpool.This means construction must start before March 2027, with an aim to finish building by 2029.It is being released to avoid a cliff edge in delivery of new homes, ahead of th
  
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• Plans go in for £400m GRAHAM Manchester site

  25-03-2025 08:14 via constructionenquirer.com
  
  Detailed plans have now been submitted for the University of Manchester’s £400m redevelopment scheme for its Fallowfield Campus.
  The redevelopment includes construction of 3,300 modern, high-quality student bedspaces, along with dedicated amenity space, ancillary residential dwellings and greenspaces.
  Five distinct neighbourhoods that celebrate local history and character, and a central hub as an anchor and heart of the campus, are features of the scheme.The project is being delivere
  
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• Just two major new roads schemes to start this year

  25-03-2025 07:59 via constructionenquirer.com
  
  National Highways has revealed it will start just two major highways enhancement schemes in the forthcoming financial year.
  The road agency has set out a special interim spending plan for 25/26 after the government delayed the third Road Investment Strategy for a full spending review.
  National Highways said RIS3 would now be more focussed on maintaining and renewing the existing road network than previous investment periods.
  Total funding allocated to National Highways in the year ahead will be
  
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