• ISG recoveries hit £46m but trade creditors won’t get a penny

    ISG recoveries hit £46m but trade creditors won’t get a penny
    ISG administrators have clawed back nearly £46m since the contractor collapsed but trade creditors are still not expected to see a penny.
    The latest report from EY-Parthenon leaves unsecured creditors facing losses on estimated claims of £885m, two years after the group’s failure.
    HMRC is expected to recover part of its £91m preferential claim, although the taxman will also face a shortfall.
    Administrators recovered nearly £7m in the six months to 19 September 2026 as they chased outstandi
  • Graham wins first tower on £1.2bn Liverpool site

    Graham wins first tower on £1.2bn Liverpool site
    Graham has won the tender race to build the first tower on the £1.2bn Kings waterfront development in Liverpool.
    Metropolitan Demolition has now cleared the plot to allow work to start on No.1 Kings – the 28-storey ‘pathfinder’ tower for the wider site.
    Work will see the delivery of 255 new homes for rent, alongside ground floor retail, first-floor resident amenities and rooftop social spaces for a scheme with a GDV of £80m.
    Hugh Frost, Chairman of developer Beetham Davos Limited said: �
  • Drax powers up £20bn mega data centre scheme

    Drax powers up £20bn mega data centre scheme
    Plans have been unveiled for a £20bn-plus data centre development at Drax Power Station in North Yorkshire, with the first phase targeted to be operational in early 2028.
    Energy giant Drax has teamed up with investment group Brookfield and its UK-based AI infrastructure business Radiant to develop one of Britain’s largest data centre campuses.
    The partners are targeting more than 1GW of capacity, with Brookfield estimating that total investment could exceed £20bn if the scheme is delivered i
  • Emergency works ordered as Galliard tower crisis widens

    Emergency works ordered as Galliard tower crisis widens
    London’s Newham Council has ordered emergency works at a Galliard Homes development in Canning Town as structural safety fears force residents out of five blocks.
    Dangerous structure notices were served demanding immediate temporary works and risk mitigation at Centurion Tower, Sovereign Tower and St Vincent’s Court in Canning Town, east London.
    The crisis widened on Friday when residents of neighbouring Thanet Tower and Prince Court were also told to leave following a further engineering as
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  • Clancy picked for £39m Southern Water pipeline

    Clancy picked for £39m Southern Water pipeline
    Clancy is set to sign a £39m deal to design and build Southern Water’s Andover Link Main pipeline in Hampshire.
    The contractor will deliver the underground link between Winchester and Andover, alongside new and upgraded pumping infrastructure to strengthen drought resilience.
    The 22.8km pipeline will connect Crab Wood service reservoir near Winchester with Micheldever Road service reservoir on the outskirts of Andover.Some early preparation work, such as vegetation clearance, is expected to s
  • Canary Wharf gets green light for major office overhaul

    Canary Wharf gets green light for major office overhaul
    Canary Wharf Group has secured planning permission for a major overhaul of the 10 Cabot Square office building in London’s Docklands.
    Tower Hamlets Council formally approved the scheme on 30 October, clearing the way for a deep retrofit of the existing building, including partial demolition, a new façade and additional rooftop office accommodation.
    Designed by architect Howells, the redevelopment will transform the ageing office block while retaining much of its existing structure.The project
  • Work set to start on £230m Farringdon hotel

    Work set to start on £230m Farringdon hotel
    Main construction work will start imminently near Holborn Viaduct in Farringdon central London for a new £230m aparthotel.
    A joint venture between Central European developer and investor Penta Real Estate and aparthotel operator Staycity Group has been established to fund delivery of the new 350-room scheme.
    Work will transform the Morley House site with Altius Real Estate acting as development manager throughout the project.Construction will begin following the demolition of the existing offi

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