New rail property company to unlock land for 40,000 homesNetwork Rail and London & Continental Railways are teaming up to create a new property company to release land for major housing-led schemes.
It will become operational later this year and is being set up to attract public and private investment to develop brownfield sites.
The venture is expected to deliver 40,000 new homes over the next…
Drainage specialist Subscan files administration noticeDrainage and survey specialist Subscan UDS has filed a notice of intention to appoint an administrator.
The Leeds based specialist employs 131 people offering drainage and surveying services to main contractors across the country.
Latest results for the firm covering August 1 2023 to January 31 2024 show a turnover of £5.5m generating a…
Four win Network Rail £300m engineering design dealNetwork Rail’s Eastern region has picked the four groups of consultants it will use over the next eight years to deliver design engineering across the territory.
The winning line-up is: Amey OWR; AtkinsRéalis/Arcadis Consulting: Mott MacDonald/WSP; SYSTRA/Arup.
Its new £300m Development and Design Partnership Framework will be used to…
Funding go-ahead for Banwell bypass after fresh cost hikeConstruction of North Somerset’s delayed Banwell Bypass can now go-ahead after extra funding is set to be rubber-stamped by the local council.
The project approved in 2023 was originally budgeted to cost £66m. But this has now soared to a total expected cost of £105m.
Early delays, industry inflation and previously selected contractor…
Graham wins Southport £75m Marine Lakes CentreSefton Council has appointed Graham as preferred bidder to oversee the delivery of the £75m Marine Lake Events Centre project in Southport.
The firm replaces Kier, which parted ways with the council in December 2023 after several months on early enabling works.
A pre-construction services agreement is now in place between Graham and Sefton…
Chancellor unveils extra £2bn capital spend a yearChancellor Rachel Reeves has spared construction capital spending cuts and managed to find a further £13bn over the Parliament to support growth-enhancing spending on infrastructure, housing, and defence.
Coming on top of the £100 billion uplift announced at Autumn Budget, this will deliver projects needed to catalyse private investment, boost…
Vistry profits slump after site costs reporting debaclePartnership homes specialist Vistry saw profits tumble nearly two-third last year after being impacted by poor cost reporting at the southern division.
Pre-tax profit slumped to £105m from £293m previously on revenue down 6% to £3.8bn.
Chief executive Greg Fitzgerald said organisational and leadership changes implemented after a swift…
Severfield chief to step downThe Chief Executive Officer at structural steel specialist Severfield is stepping down after seven years at the helm.
Severfield said that Alan Dunsmore wil leave the group “by mutual consent” on June 30.
The search is now underway for a successor with interim leadership arrangements put in place to ensure business continuity.
Charlie Cornish (Chair of…
Mace wins £600m Euston Tower overhaulDeveloper British Land is understood to have struck a deal with Mace to deliver a £600m overhaul of the Euton Tower in London.
The award is a coup for Mace, which secured the pioneering project despite Lendlease starting out as early favourite after drawing up the pre-planning demolition and construction strategy.
Under the reconstruction plan, Mace w…
Funding hurdle remains as Lower Thames Crossing gains consentThe proposed £9bn Lower Thames Crossing between Kent and Essex has been given the planning go-ahead by Transport Secretary Heidi Alexander.
The mega-project will be the country’s largest road scheme since the M25 was built 35 years ago and will have a major impact on the civil engineering industry.
But despite development consent…