Building safety levy rate set at up to £10,000 a home in LondonDevelopers will be forced to pay a building safety levy charge of up to £10,000 a unit for homes they build in upmarket London boroughs like Chelsea.
The Government has announced the varying new building safety levy rates it intends to charge as a tax on new homes and student accommodation projects across the country.
In a sma…
BAM wins £100m revamp of Broadgate Tower in LondonDeveloper British Land has picked BAM to deliver a major revamp the 34-storey Broadgate Tower in the city of London.
The project win is a major coup for BAM in the Square Mile, which beat rival bids from Wates and McLaren to take major revamp of the 2008-built tower building.
British Land aims to bring the building up to the highest…
£600m funding to train 60,000 construction workersThe Chancellor has announced £600m worth of investment to train up to 60,000 more skilled construction workers.
The pledge will provide £100m of new investment to fund 10 new Technical Excellence Colleges and £165m of new funding to help colleges deliver more construction courses.
Skills Bootcamps will also be expanded with £100m of funding…
Construction to start in May on £1bn port expansionConstruction work to expand the London Gateway container port will begin in May after owner DP World was given approval for the £1bn project.
The global logistics giant said it will take four years to complete the expansion including adding two further 400m-long all-electric berths and a second rail terminal forming part of the Thames…
Green light for London Euston Tower rebuildBritish Land has secured planning approval for a £600m scheme to redevelop the landmark Euston Tower in London.
The developer aims to retain and re-use the existing 1960s building core and foundations at its Regent’s Place site, while adding new low carbon structures to create a new-look 31-storey building with bigger floor-plates.
Lendlease was…
Robert De Niro’s Nobu backs Manchester super towerDeveloper Salboy has inked a deal with a company co-founded by Hollywood legend Robert De Niro to deliver the planned £360m Viadux 2 skyscraper in Manchester.
The 76-storey scheme will rise to 246m, making it both the tallest building on the Manchester skyline and outside of London.
Under the deal, Nobu Hospitality will take on the planned…
Contractors struggling to keep-up with demand for data centresContractors are struggling to keep-up with the surging demand for new and retrofitted data centres.
Research from consultant Rider Levett Bucknall (RLB) found that 70% of data centre specialists quizzed believe the supply chain is struggling to keep pace while 53% fear that the sector will be unable to meet capacity demands.
T…
PAC warns post-Grenfell policies threaten new homes goalThe Government has seriously under-estimated the impact its post-Grenfell policies are having on the delivery of new homes.
The powerful Public Account Committee sounded the alarm today in a critical report on the Government’s response to the Grenfell disaster.
The committes said present Government policies were creating a crisis that…
Legendre UK to convert Diageo HQ into hotelLegendre UK has been confirmed as main contractor for the conversion of drinks giant Diageo’s former HQ in Park Royal into a hotel.
The firm is part of a joint venture made up of LSL Partners, Central & Provincial Properties, Candour Properties, Legendre Company, Select Investments and Eastborough Partners which has gained planning permission for t…
Beard breaks company record with latest resultsFamily-owned construction firm Beard has enjoyed the most successful trading period in its 133-year history.
Latest results for the year to 31 December 2024 show turnover up to £198m from £179m last time as pre-tax profit ticked-up to £5.2m from £4.3m
The strong performance was underpinned by the completion of 43 projects from its offices in…