Former ISG staff to get payouts after surprise cash recoveryAdministrators of ISG’s failed businesses have clawed back more than double the cash first expected from the wreckage of collapsed contractor.
The extra cash haul will pave the way for payouts to former staff, but trade contractors and suppliers will still not see any of the cash they are owed.
The latest EY progress report shows…
Crown Estate plots £4.5bn Harwell East lab and tech districtThe Crown Estate has unveiled plans to create a £4.5bn science and technology district at Harwell East in Oxfordshire after snapping up the 221-acre site next to the world-famous Harwell Science and Innovation Campus.
The vast expansion will deliver up to 4.5 million sq ft of new lab, office and advanced manufacturing space, alongsid…
Euston reset kicks off £300m design and engineering role huntPlans to reboot the regeneration of Euston and the surrounding area are gathering pace following the HS2 reset.
The Department for Transport is shortly to start the £300m hunt for a design and engineering partner to steer the long-awaited reshaping of Euston station and its surrounding mixed-use district.
A new government-backed…
Watkin Jones eyes recovery after stronger second halfBuild-to-rent and student housing specialist Watkin Jones has ended the year on firmer ground after a stronger second half put it on course to meet full-year expectations.
Revenue for the year to 30 September 2025 is expected to land around £280m, with adjusted operating profit in line with forecasts.
A string of deals, including its Glasgow…
Safety Regulator to clear Gateway 2 backlog by New YearThe Building Safety Regulator’s new regime headed by its new chairman retired fire chief Andy Roe is finally starting to break the logjam of stalled gateway 2 applications.
Fresh figures for October show 152 new build schemes, covering nearly 34,000 homes, now in the system, with a growing number progressing under the regulator’s new…
Derwent links with Argent for London Old Street revivalDerwent London has formed a strategic partnership with Related Argent to develop one of the last major island regeneration plots in central London at Old Street.
The developer expects to complete the site acquisition in late 2027 after early studies confirmed potential for a substantial mixed-use campus across the 2.5-acre former Moorfields…
Kimpton takes-on team from failed rival HE SimmM&E specialist Kimpton has recruited a team of senior engineers and operations leads from failed former local rival HE Simm.
Liverpool based HE Simm went into administration last month with the loss of 127 jobs and owing £18m to creditors.
Now Wirral-based Kimpton has taken on Ian Bruce, former operations director at HE Simm and Peter O’Keeffe,…
Oxford United win green light for £150m stadiumOxford United’s £150m dream for a new 16,000-seater all-electric stadium has cleared its final government hurdle after ministers confirmed the scheme will not be called in for review.
Housing and Communities secretary Steve Reed has confirmed he will not call in the application after it was granted planning permission by Cherwell District Counc…
Offsite specialist Merit files administration noticeOffsite construction specialist Merit has filed a notice of intention to appoint an administrator at its main trading businesses.
Court records show the notices have been lodged for Merit Holdings Ltd and Merit Health Ltd.
Last month the firm’s holding company Merit Group Services was hit by a winding-up petition from HM Revenue and…
£350m London Bridge science centre approved
Developers Oxford Properties and Reef + Partners have gained planning consent 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…