John Sisk will start construction of the new International Convention Centre Wales in March at the Celtic Manor Resort. The contractor was confirmed this week as a funding deal for the development was agreed with NatWest for the 50/50 develoment partnership between Welsh Government and Celtic Manor Resort. A statement from the joint venture said: […]
Construction levels in UK regional cities have hit record levels according to the Deloitte Real Estate Crane Survey. The survey shows significant increases in activity in Birmingham, Manchester, Leeds and Belfast. The Birmingham Crane Survey identifies 1.4m sq ft of new office space under construction – a 50% increase on the previous year (969,000 sq […]
Plans have been unveiled for a new £50m retail, office and leisure scheme at South Yorkshire’s largest ever brownfield mixed-use redevelopment. Developers Dransfield Properties and Harworth Group have teamed up to deliver the 12-acre scheme at Waverley. The project will include a food store, shops, offices, medical centre, gym and 470-space car park. The development will formally link […]
Highways England has teamed up with 18 contractors to improve highways in Cumbria and North Lancashire, and the North East of England. The new-style framework, worth up to £434m, will start in April and covers 10 different specialisms of work split into 15 separate lots. The framework covers a range of activities that include renewal […]
Brexit continues to cause uncertainty, with increasingly mixed views about the medium-to-long-term emerging across the market. But as Michael Hubbard of Aecom reports, for now, business is looking good 01 / Executive summary Tender price index ▲ Tender prices increased in Q3 2016 by 7.1% provisionally versus the same time a year earlier. Risks to […]
HS2 has confirmed former CH2M regional managing director Mark Thurston will be the project’s new Chief Executive. Thurston began his career in the rail industry over 30 years ago as an apprentice with Transport for London, before stints with The Nichols Group and Metronet. He has been at CH2M since 2008 working on the London […]
Tunnelling for the £1.2bn Northern Line extension will begin in March, Sadiq Khan has announced. A pair of two-mile long tunnels, drilled by custom-built machines, will connect the Tube line to Battersea, south London. New stations at Nine Elms and Battersea Power Station are due to open in 2020. The extension, which will run west […]
Chinese developer Dalian Wanda Group has selected Multiplex to build its £1bn Nine Elms development near Vauxhall in London. Multiplex is the third contractor to take on the project after two previous preferred bidders failed to agree a final price. Interserve was originally selected to deliver the mixed-use project comprising two towers reaching 42 and 58 storeys. […]
The total value of new construction contracts signed in 2016 was down by nearly a fifth on 2015. During the whole of 2016, £43.55bn of construction contracts were signed, according to data collected by The Builders’ Conference. This is 23% down on the £56.59bn of contracts that were signed in 2015. At the same time, […]
Laing O’Rourke chairman and chief executive Ray O’Rourke can only spend a limited number of days in the UK due to his tax exile status in Jersey. The restrictions come at a time the O’Rourke leader is taking a more hands-on role in a bid to turn around the fortunes of the country’s largest private […]