Construction news

• Chancellor unveils extra £2bn capital spend a year

  26-03-2025 15:27 via constructionenquirer.com
  
  Chancellor Rachel Reeves has spared construction capital spending cuts and managed to find a further £13bn over the Parliament to support growth-enhancing spending on infrastructure, housing, and defence.
  Much of the extra spending will go to defence investment. Although she said there would be some defence dividend for construction in plans to upgrade military family homes and modernise Portsmouth’s naval base.
  Infrastructure and housing will see an extra £4.65bn, mostly loade
  
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• McLaren confirms subcontractor team on £135m warehouse job

  26-03-2025 11:07 via constructionenquirer.com
  
  McLaren has confirmed its subcontractor team on a job for Scannell Properties and Royal London Asset Management Property to build the £135m TN2 Gateway warehouse and industrial site at Tunbridge Wells, Kent.
  Work got underway earlier this month at the site which will deliver 505,000 sq ft of warehousing accommodation with ancillary office space on a 33-acre site.
  Six flexible buildings can be configured as up to nine units, ranging from 23,000 to 175,000 sq ft.McLaren Construction&rsq
  
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• Summer start for main works on London green tower

  26-03-2025 09:06 via constructionenquirer.com
  
  Insurance giant AXA has given main contractor Multiplex the go-ahead to start main works this summer on its 50 Fenchurch Street office tower project in the City of London
  Piling and excavation works are close to completion on the landmark 36-storey project, which will feature the country’s tallest living wall.
  The 650,000 sq ft green tower project is now expected to complete in 2028.
  Designed by Eric Parry Architects, Fifty Fenchurch Street is set to be one of the UK’s most sustainab
  
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• Vistry profits slump after site costs reporting debacle

  26-03-2025 08:52 via constructionenquirer.com
  
  Partnership homes specialist Vistry saw profits tumble nearly two-third last year after being impacted by poor cost reporting at the southern division.
  Pre-tax profit slumped to £105m from £293m previously on revenue down 6% to £3.8bn.
  Chief executive Greg Fitzgerald said organisational and leadership changes implemented after a swift review had dealt with shortcomings.Vistry also introduced an internal whistleblower line for employees. The ‘speak up service’ will n
  
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• Severfield chief to step down

  26-03-2025 08:20 via constructionenquirer.com
  The Chief Executive Officer at structural steel specialist Severfield is stepping down after seven years at the helm.
  Severfield said that Alan Dunsmore wil leave the group “by mutual consent” on June 30.
  The search is now underway for a successor with interim leadership arrangements put in place to ensure business continuity.
  Charlie Cornish (Chair of Severfield) will support and guide the interim executive team led by Rob Evans (Divisional Managing Director of Severfield’s la
  
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• Japan’s leading flats builder JVs with L&G for UK push

  26-03-2025 08:14 via constructionenquirer.com
  
  One of Japan’s largest housing developers has struck a deal with Legal & General to build 1,000 homes for the UK rental market.
  Nomura Real Estate Development is aiming to enter the build to rent market and will work in joint venture with L&G, which will operate the properties.
  The partnership has acquired its first site in south London to build more than 200 homes, with the remainder of the homes planned to be delivered across other London sites over five years.The site in Herne H
  
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• Wates submits plan for 1,000 homes Harrow council scheme

  26-03-2025 00:36 via constructionenquirer.com
  
  Water has submitted plans for the first of three major housing developments it will deliver in partnership with London’s Harrow Council.
  The first scheme will see Wates Residential redevelop the former council civic centre with more than 1,000 homes built over a 10-year period.
  A hybrid planning application for the Poets’ Corner scheme has been lodged, including detailed proposals for phase one consisting of around 530 new build-to-rent homes spread over blocks rising from 5 to 12 st
  
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