Torsion and Khalbros to build new Leeds £1bn neighbourhoodA Khalbros and Torsion Group JV has acquired the Eastgate Quarter site in Leeds and now plans a £1bn residential-led development.
The JV has paid Hammerson £26m for its assets on Templar Street and will now push a head with a mixed-use scheme to replace the original plans for a retail development.
Plans by the contractor and privat…
JCB to double size of US factory in wake of Trump tariffsJCB is set to double the size of a new factory currently under construction in Texas in response to President Donald Trump’s tariffs
The machinery maker confirmed today that newly-announced tariffs will significantly impact its business in the short-term.
Today JCB Chairman Anthony Bamford said: “JCB has been in business for 80 years…
Green light for £2.4bn Luton Airport expansionPlans for a £2.4bn expansion of London Luton Airport have been granted development consent by the Secretary of State for Transport.
Work will see construction of new terminal capacity, additional taxiways and other transport infrastructur, landside support buildings, surface access adjustments, mitigation works and other associated…
Diversification pays off for concrete frame specialist StatomStatom Group has enjoyed a surge in profits and turnover after diversifying into new markets.
Latest results for the year to 30 November 2024 show turnover up to £180m from £143m last time while pre-tax profit jumped to £10.3m from £8.5m as gross profit margins remained steady at 16% and the year-end cash balances grew significantly…
Cardo in talks to buy Breyer roofing armGrowing building maintenance specialist Cardo Group is in talks to buy Breyer’s roofing business from administrators.
Lloyds Bank has called in insolvency specialist RSM as administrator for the 250-employee housing maintenance specialist Breyer.
The decision to call time on the Essex contractor comes after subcontractor payment problems came to a head…
Quartet win £750m Wales & Western railway dealNetwork Rail has picked the four firms it will use to deliver reactive and minor works in the Wales & Western railway region.
The new £750m framework split into four lots will cover both reactive / emergency works to building and civils assets
W&W reactive & minor works partners – value
Balfour Beatty Rail – Western Civils – £262m
Dyer …
Plans in for £350m London Bridge life sciences hubDevelopers Oxford Properties and Reef Estates have submitted plans for a 360,000 sq ft life sciences hub near London Bridge in the Capital.
The £350m Snowsfields Quarter scheme being developed in partnership with Guy’s & St Thomas’ Foundation is designed by Allies and Morrison and DSDHA.
The strip site will comprises three new buildings…
Surging labour costs push tender price forecast upMace has revised its tender price forecast up for the year due to surging labour costs.
Recent data reveals that construction vacancies have surged to their highest level in 18 months, leading to persistent labour shortages.
In the final quarter of 2024, labour costs rose by 1.6%, marking a 6.5% year-on-year increase.
Construction pay is now…
Permasteelisa wins cladding deal on Multiplex city towerPermasteelisa Group has secured a contract to engineer, supply and install the facade for the 50 Fenchurch Street office tower being built by Multiplex.
The specialist’s Gartner brand will work in partnership with Permasteelisa UK on the 36-storey by Eric Parry Architects which will be one of the lowest carbon and most biodiverse high-ris…
Wates wins fit-out for Manchester First Street HubWates has secured the fit-out job for the Government’s new hub building at First Street in Manchester.
The Government Property Agency has appointed Wates’ Smartspace arm for the Cat B fit-out of the nine-storey building delivered by BAM Construction.
Launched as part of the GPA’s Government Hubs Programme, the Manchester First Street Hub…