• Fleet up for sale as plant hire boss retires

    Fleet up for sale as plant hire boss retires
    Euro Auctions is hosting an online sale of the entire fleet formerly run by Kent-based Skelton Plant Hire following the owners’ decision to retire from the industry.
    The sale will offer contractors, plant hire businesses, builders, groundworkers and equipment buyers the opportunity to acquire a substantial fleet of fresh, low-hour machinery and commercial vehicles direct from one of the South East’s leading operators.
    The online auction takes place on Thursday 2 July. Much of the equ
  • Investment giant DWS buys stake in Flannery Plant Hire

    Investment giant DWS buys stake in Flannery Plant Hire
    Asset manager DWS has completed the acquisition of an interest in Flannery Plant Hire.
    The Flannery family has retained a significant interest alongside DWS, and Patrick and Martin Flannery will continue to lead the business as joint CEOs.
    The deal will support the next phase of growth for the business as it continues to provide services to major infrastructure projects.Flannery is the largest operated heavy construction plant-hire company in the UK, combining the lease of large-scale specialist
  • National Highways axes Skanska’s £300m A46 Newark bypass

    National Highways axes Skanska’s £300m A46 Newark bypass
    National Highways has cancelled its contract with Skanska to advance the long-delayed A46 Newark Bypass project in the East Midlands.
    Skanska announced the cancellation of the £297m contract this morning by National Highways, warning it adversely impacted the Swedish group’s order book in the second quarter.
    The scheme to dual 6.5km of the A46 received development consent late last year but no timetable for the project’s start has been released.Subcontractors had been pricing w
  • Skanska gets start date for 55 Old Broad Street

    Skanska gets start date for 55 Old Broad Street
    Skanska will start main construction work at 55 Old Broad Street in the City of London in October under a £282m deal.
    Work is due for completion in 2029 and will create around 270,000 sq ft of high-quality office accommodation across 23 storeys, alongside retail space and public realm at ground level.
    The former Landsec scheme had been on hold but private equity real estate firm AshbyCapital is taking the project forward with Landsec retaining a role as development manager.Skanska’s
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  • Fusion plans 39-storey Manchester student tower

    Fusion plans 39-storey Manchester student tower
    Fusion Student has lodged plans to finally develop a long-stalled Manchester city centre tower site.
    The developer wants to build a 39-storey, 818-bed student scheme at 10-12 Whitworth Street West, close to Deansgate Locks.
    Domis Construction is advising the client for planning, drawing up the construction and logistics plan for the job, while Gardiner & Theobald is on board as cost manager. Consultant Amber is MEP engineer with Shear Design providing structural design.
    The vacant plot has a
  • HS2 reset hinges on contractor deals and £8bn Euston plan

    HS2 reset hinges on contractor deals and £8bn Euston plan
    Transport chiefs have been warned that HS2’s latest reset will fail unless they get a grip on contractor negotiations and nail down Euston plans.
    A National Audit Office report said the Department for Transport and HS2 Ltd are making progress on the overhaul.
    But the watchdog warned major risks remain around commercial deals, cost control, delivery skills and the unresolved London terminus.
    DfT now estimates HS2 will cost between £88bn and £103bn to complete — around doub

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