Archive for June, 2018

Brexit prompts Amey parent to go Dutch

Brexit prompts Amey parent to go Dutch

27/06/18

Ferrovial, the Spanish construction company whose UK interests range from Amey to airports, is moving its international headquarters out of the UK to remain within the European Union. Ferrovial’s international holding company is moving its headquarters from Oxford to Amsterdam. However, no Oxford employees are moving from to Amsterdam and no job losses are expected. […]

Government sinks £1.3bn Swansea tidal power plan

Government sinks £1.3bn Swansea tidal power plan

26/06/18

Plans to build the world’s first tidal power lagoon have been rejected by the government prompting a wave of angry attacks from its promoters and MPs. Business and Energy Secretary Greg Clark said the project would not be value for money, contradicting the Hendry Review 18 months ago that concluded the project could ignite a […]

Gary Neville £200m Manchester tower gets the final nod

Gary Neville £200m Manchester tower gets the final nod

21/06/18

Gary Neville and Ryan Giggs’ £200m St Michael’s skyscraper scheme in Manchester has got the full green light. The consortium of investors supporting the footballers-turned-developers has been told the scheme will not be called in by the Secretary of State upholding earlier city council full planning approval. Located in Deansgate, the St Michael’s scheme will consist of […]

Multiplex bags £400m New Scotland Yard redevelopment

Multiplex bags £400m New Scotland Yard redevelopment

19/06/18

Developer Northacre has struck a deal with Multiplex to redevelop the former New Scotland Yard site in London. Multiplex is now preferred bidder for the £400m design and build contract for The Broadway development on the triangular site just south of St James’s Park in Westminster. The firm beat rival Skanska to take the project […]

Gatwick ramps up five-year spend to £1.1bn

Gatwick ramps up five-year spend to £1.1bn

13/06/18

Gatwick Airport plans to spend a further £1.1bn over the next five years on upgrading the airport. The new extension will add eight new aircraft stands The latest spending plan brings total investment in the airport to over £3bn since the airport changed ownership in December 2009. Chief Executive, Stewart Wingate said the airport will […]

Lincoln bypass cost soars 25% in wake of Carillion

Lincoln bypass cost soars 25% in wake of Carillion

07/06/18

Lincoln County Council has seen the forecast cost of the Lincoln Eastern Bypass soar by £24m following the collapse of incumbent contractor Carillion. The council has also confirmed that Galliford Try will now deliver all remaining construction works, after stepping in to complete the first package of works earlier this year. Cllr Richard Davies, executive […]

£2bn Procure North West framework winners

£2bn Procure North West framework winners

05/06/18

Liverpool-based Procure North West has selected a line-up of 20 contractors for a major building framework across the region. The new building framework has been carved up into four value bands and covers Merseyside, Greater Manchester, Cheshire, Lancashire and Cumbria. Five contractors have secured places on the major works panel. These are BAM Construction, Laing O’Rourke, […]

Construction consolidates after shaky start to year

Construction consolidates after shaky start to year

04/06/18

Construction buyers reported a steady continuation of industry growth following a dip in output ear;lier this year. The  latest IHS Markit/CIPS UK Construction Purchasing Managers’ Index for May registered 52.5 – exactly the sme figure as April. Crucially the figure remains above the 50 mark which represents the threshold for continuing expansion. But optimism about […]

Chelsea shelve new £500m stadium

Chelsea shelve new £500m stadium

01/06/18

Chelsea Football Club has put its new stadium project on hold. In a brief statement the club said: “No further pre-construction design and planning work will occur. “The club does not have a time frame set for reconsideration of its decision. “The decision was made due to the current unfavourable investment climate.” Plans for a […]

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