£60m turnover construction group sold to staffGateshead based Meldrum Construction Services Group has become an Employee Owned Trust (EOT) by its 220 staff.
The £60m turnover firm specialises in construction, civils, fabrication, M&E, fire engineering and also has in-house FM capability.
Current CEO Dave Meldrum will continue in his role while the existing board of directors will remain in fu…
Winvic secures Leeds build to rent schemeWinvic is to start construction on a 450-flat build to rent scheme making up the first phase of the Sweet Street regeneration project in Leeds.
The project is getting underway after build to rent developer and operator PLATFORM_ signed off a £150m joint venture with Lloyds-backed equity investor – HGP – to deliver the initial build at the South Bank…
Starmer vows to “rip out” obstacles to investmentPrime Minister Kier Starmer is vowing to “rip out” bureaucracy that blocks infrastructure investment in the UK.
His pledge will coincide with today’s inaugural International Investment Summit where billions worth of projects are due to be unveiled.
Starmer will say: “We’ve got to look at regulation where it is needlessly holding back…
London super sewer turned on after eight years of constructionLondon’s £4.5bn super sewer has now been turned on after eight years of construction work.
The first four of 21 sites have been switched on with the new tunnel starting to protect the River Thames from sewage pollution for the first time.
Valves, which operate like giant gates, are now open at four sites with the rest due to com…
VolkerFitzpatrick starts prep-work for £210m M3 junction upgradeNational Highways has given VolkerFitzpatrick the go-ahead to start compound construction and vegetation management for the M3 Junction 9 Improvement near Winchester in Hampshire.
Construction is set to start in early 2025 and finish in late 2027 on the complex £210m Winnall roundabout scheme.
Programmed works include the creation…
Housing and office new work jump fuels output recoveryA steep rise in private new housing and commercial work returned construction to growth in August.
Monthly construction output increased by 0.4% in volume terms, offsetting a decrease of 0.4% in July.
The recovery was driven by a 1.6% growth spurt in new work, as repair and maintenance fell by 1.0%.
At the sector level, five out of the nin…
£300m London City fringe office tower approvedRocket Property has got the planning green light for a 27-storey office tower on the northern fringe of the City of London.
Designed by architect AHMM, the Shoreditch High Street project will involve 125m main tower with a part 8-storey and part 7 storey building plus two levels of basement.
Known as One Fairchild Street, the £300m scheme will offer…
15 giant bridge beams lifted into place at HS2 stationHS2’s Interchange Station in Solihull is taking shape after a 20-strong team lifted 15 huge bridge beams into position.
The beams were hoisted into place onto existing abutments and piers using a 650-tonne crane to form the ‘building blocks’ of a road bridge that will take vehicles over the high-speed railway and onto the station car…
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…