Private investor buys Midlands contractor MCSMidlands-based building contractor MCS Group has sold a majority stake to a London-based private investor in a deal valuing the business at £22m.
RD Capital Partners has bought an 80% stake in the Warwick-based construction firm founded in 2003.
The deal will see founder and CEO Keir Edmonds and the firm’s senior management team remain with t…
Willmott Dixon to build Oxford net zero council HQOxfordshire Country Council has picked Willmott Dixon to extend and net zero upgrade an existing building in Oxford to become its new headquarters.
The council is relocating from its current premises at County Hall in Oxford which will be sold off to fund the big office upgrade project at Speedwell Street.
These Speedwell offices have for many…
Midgard confirmed on £60m Golden Lane office contractJRL-owned Midgard has been confirmed as main contractor on a major new office job in the City of London.
The announcement comes as developer Castleforge successfully secured £115m in funding from investment manager Cheyne Capita for the 1 Golden Lane site where the office scheme will be known as UNO.
The development is a Grade II listed…
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…