Ballymore JV picked for £500m King’s Cross schemeLondon’s Camden council has picked developer Ballymore and life sciences developer Lateral to deliver its £500m mixed-use Camley Street project in the King’s Cross Knowledge Quarter.
The development plan is focused on regenerating two nearby former light industrial sites at Camley Street and Cedar Way covering around 3.56 acres.
The planned…
Construction firms face claw back of R&D tax creditsCompanies across construction are dreading demands from HMRC as the authorities look to claw back millions in Research and Development tax breaks.
Credits under the scheme give companies tax relief when they invest in innovation.
But HMRC believe the system has been abused by firms and R&D tax credit advisers who take a cut of any rebates…
M&E specialist Integral UK suffers fifth year of lossesLosses at building services and FM specialist Integral UK deepened last year to £32m, marking the fifth consecutive year in the red for the specialist contractor.
These problems prompted a £3m round of redundancies last year and saw Integral’s US property investor owner Jones Lang LaSalle inject £15m into the business last March to…
Willmott Dixon bounces back into profit in first halfWillmott Dixon bounced back into the black in the first six months of the year with better profits than expected and a record order book .
Chief executive officer Graham Dundas said Willmott Dixon enjoyed a ‘prompt and healthy return to profit’ after what had been a difficult 2023 when it suffered a £14m pre-tax loss due partly to t…
Downing submits 430-bed London student schemeHybrid developer and contractor Downing has submitted plans for a 430-bed student accommodation and commercial scheme in South London.
The Liverpool-based firm plans to transform a brownfield site at 2 Armoury Way in Wandsworth with two 10-storey towers.
The location is part of the “Gasholder Site, Armoury Way” area, a key component of…
Glenbrook plans 44-storey Manchester resi towerDeveloper Glenbrook has unveiled plans to bring forward a 44-storey residential scheme in Manchester city centre.
Located on a prominent site, adjacent to Deansgate Train Station at Whitworth Street West, the project would provide 364 flats.
Skyscraper plan near Deansgate station designed by architect Sheppard Robson
At ground level commercial spac…
Mace construction head steps downMace CEO for Construction Andrew Jackson has left the company for personal reasons.
His shock departure comes just three months after he was promoted to head the construction division replacing Mace veteran Gareth Lewis.
Before becoming construction CEO in July, Jackson was chief operating officer having joined Mace in 2015 after 26 years with Laing…
Multiplex in talks for ISG’s £70m London offices to labs jobMultiplex is understood to be holding talks to replace ISG on a major scheme to redevelop London’s Regent Quarter near King’s Cross into a life sciences-led campus.
Before its collapse, ISG was working on the first phase of the refurbishment and redevelopment plans, estimated to be worth around £70m.
Now work has halted on this…
M&E firm goes under after more than 70 years in businessHBS Group Southern has gone into administration after more than 70 years in business.
The Hampshire based M&E specialist has been trading since 1950 but is now in the hands of administrators.
Latest accounts for the year to March 31 2023 show a turnover of £15.5m generating a pre-tax loss of £1.1m with the company employing 75 staff.
In…
Transport minister signals HS2 will run to EustonThe Government has dropped its biggest hint yet that it will fund the HS2 line to Euston as originally planned.
Transport secretary Louise Haigh signalled she was minded to drop the previous Government’s money-saving plan that will see the line stop at Old Oak Common in North London pending a privately funded solution being found for the fina…