Construction news

Japanese building giant takes 30% stake in Miller Homes

17-09-2026 23:48 via constructionenquirer.com

Japanese construction and property giant Daiwa House is buying a 30% stake in Miller Homes as the UK house builder steps up plans to deliver 7,000 homes a year.
The deal will see Daiwa acquire its minority holding from Apollo-managed funds, which will retain control of the business.
The purchase price has not been disclosed.
Miller Homes is targeting a 40% increase in annual housing output from its present rate of 5,000 homes, supported by the financial backing and expertise of its two global in

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Cardo builds £314m maintenance giant in takeover blitz

17-09-2026 18:00 via constructionenquirer.com

Building maintenance specialist Cardo Group has built a £314m business following a rapid acquisition spree that has transformed the scale of the group.
The Cardiff-based social housing repairs and maintenance specialist reported statutory turnover up 65% to £239m in the year to February 2026, driven by organic growth and seven acquisitions.
Reported operating profit more than doubled from £6m to £14m, lifting the operating margin from 4.3% to 5.8%.
But the present scale o

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Midlands £3bn framework winners named after 36 firm-bid battle

17-09-2026 08:44 via constructionenquirer.com

Kier, Vinci and Wates are among 20 contractors that have secured places on the £3bn Constructing West Midlands framework.
The third-generation framework will run for four years, with an option to extend for another two, covering public sector building projects across the region.
Acivico, owned by Birmingham City Council, is leading procurement alongside Solihull and Sandwell councils.Six major works contractors have been selected for the £1.3bn top lot, with Galliford Try, Morgan Sin

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Five firms in final showdown for £1.94bn A9 roads haul

17-09-2026 08:35 via constructionenquirer.com

Five major contractors have made the final cut in the race for Transport Scotland’s £1.94bn A9 dualling framework.
Balfour Beatty/Morrison Construction JV, Graham, Hochtief, Kier and Wills Bros have been invited to submit final tenders for places on the framework covering the remaining 58 miles of the Perth to Inverness upgrade.
All five are bidding across the two value lots, with Transport Scotland aiming to appoint its framework partners before the end of the year.
Lot 1 covers thr

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Road building drives strong results at Galliford Try

17-09-2026 08:21 via constructionenquirer.com

Infrastructure work was the star performer as Galliford Try posted another strong set of results for the year to June 30 2026.
Turnover across the business was up to £1,931m from £1,875m as pre-tax profits jumped 25% to £55m.
A boom in the roads market saw three major highways schemes delivered, which offset a flatter period in water spending due to the AMP7/AMP8 transition.The infrastructure division saw turnover up to £972m from £903m making it now bigger than the

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