Phoenix subbies get pay less notices after ISG failureSubcontractors to building services specialist Phoenix ME are being hit with pay less notices in the wake of ISG’s collapse.
London based Phoenix is a major creditor of ISG with the firm owed £20m by the defunct contractor’s fit-out arm alone.
Phoenix issued a message to “valued members of our supply chain” last month assuring them…
Van Elle buys Scottish specialist Albion Drilling for £3.5mGround engineering contractor Van Elle has acquired Scottish piling and drilling specialist Albion Drilling for up to £3.5m.
Based in Stirling, Albion brings a strong track record of delivering complex infrastructure projects across Scotland.
Van Elle said Albion was a strategically aligned bolt-on acquisition that expanded its presenc…
French PM and cost consultant Artelia buys Pick EverardFrench project management and cost consultant Artelia has bought long-established UK multi-disciplinary consultant Pick Everard.
The takeover of Pick Everad, which employs over 700 staff, will take Artelia’s UK workforce to almost 1,000 staff following smaller acquisition of Birmingham’s Austin Newport Group in 2020, and Suffolk-based…
Go-ahead for West London 58-storey resi skyscraperEgyptian developer Aldau Developments has got the planning thumbs up for one of the capital’s tallest residential schemes in West London.
Two towers rising to 58-storeys and 44-storeys will provide around 670 flats and a 90-room hotel at the Old Oak and Park Royal development zone in North Acton.
The latest approved plan for 4 Portal Way is t…
Plans in for £200m Trafford Wharf schemePlans have been lodged for 438 build-to-rent flats, 419 student beds, alongside a 24,100 sq ft academic facility at Trafford Wharf in Manchester.
Developer Cole Waterhouse said the £200m scheme would be built at a two-acre site that was home to the former Hilti headquarters in Stretford.
Designed by Chapman Taylor, the scheme would feature two build to…
ISG Fit Out arm went down owing subbies £111mAdministrators from ISG have identified another £111m in debts owed to suppliers from collapsed contractor ISG’s fit out division.
A filing at companies house shows hundreds of subcontractors and suppliers owed cash by ISG fit-out – with one electrical contractor alone owed more than £20m.
The latest debts are on top of the £180m already…
Construction to grow 2.5% next yearConstruction forecasters are expecting the industry to rebound next year after a tough 18 months.
Economists at the Construction Products Association said cautious optimism is returning to the industry, led by an improving outlook for private housing and hopes for infrastructure spending growth next year.
Overall, total construction output is forecast to rise by…
Chancellor finds over £1bn for new schools and social homesChancellor Rachel Reeves will announce in Wednesday’s Budget an extra £550m next year to get the school building programme on track and an extra £500m to boost affordable housing.
The extra spending on schools will lift next year’s school building programme spend up to £1.4bn.
Her cash injection aims to get the 10-year rebuilding…
ISG collapse brings down lighting specialistThe collapse of ISG is being blamed for the fall into administration of a specialist lighting contractor.
Forvis Mazars has been appointed as Joint Administrator of Cheltenham-based Seventynine Lighting Ltd which has been in business since 2006.
The company has worked on a string of retail and commercial fit-outs as a lighting design and installation…
Debt rule change to salvage infrastructure spend plansChancellor Rachel Reeve has confirmed the Government will make a technical change to the way debt is measured to release billions to boost infrastructure investment.
The wider debt measure is expected to allow for up to £50bn more borrowing to invest in big projects in roads, railways or hospitals.
Under previous government spending…