Go-ahead for London’s largest estate £1bn rebuild
Construction Enquirer
by Aaron Morby
2h ago
Plans for the £1bn redevelopment of the Carpenter Housing Estate near the Queen Elizabeth Park in East London. Newham Council will deliver 2,022 homes through its wholly-owned housing company Populo Living. Masterplan for Carpenter Estate redevelopment Around 300 existing homes nearly half of the existing estate will be retrofitted to create the borough’s first Green Zone neighborhood. The masterplan includes over 10,000 sq m of commercial space as a mix of cafes, restaurants, shops, and workshop spaces. James Riley Point tower will be retrofitted and greened The first job in the 15-year ..read more
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Costain trials electric vans on major civils sites
Construction Enquirer
by Grant Prior
6h ago
Costain has completed a major trial of electric vans on major project sites. The pilot, in partnership with Enterprise Flex E-Rent, tested the use of electric vehicles (EVs) on three projects – the Preston Western Distributor Road scheme in Lancashire, the A30 Chiverton to Carland Cross project near Truro in Cornwall and the A12 widening scheme near Chelmsford in Essex. Electric vans were used by Costain’s health and safety, environment and laboratory teams, with the vehicles typically carrying lighter materials and equipment. Enterprise fitted the vehicles used for the pilot with technology ..read more
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Taylor Wimpey sees tender inflation fall to 1%
Construction Enquirer
by Aaron Morby
14h ago
The country’s second biggest house builder Taylor Wimpey has seen build cost inflation almost disappear so far this year. The firm said the prevailing underlying annualised build cost inflation on new tenders was now running at 1%. And this had been pinned down to zero when taking into account savings arising from the house builder’s value improvement programme. This compares to underlying build cost inflation in 2023 was of 8.5%. Announcing year-end results that saw operating profits halve, Chief executive Jennie Daly said: “During 2023, we continued to focus on using the levers within ..read more
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Rye Demolition goes into administration
Construction Enquirer
by Grant Prior
14h ago
Bedfordshire based Rye Demolition has gone into administration. The specialist is now in the hands of administrators from Voscap Ltd. Rye Demolition was established in 2006 by Managing Director Simon Barlow and has built up a strong reputation across London and the South East of England. Latest accounts for the company for the year to April 30 2023 show a turnover of £11.1m generating a pre-tax profit of £123,413. One of Rye’s most recent jobs was demolition work at the former St Ann’s Hospital site in north London for the Hill Group. One industry experts said: “They were a well known and wel ..read more
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Volumetric builder Tide seals deal to start London tower
Construction Enquirer
by Aaron Morby
14h ago
Developer and volumetric offsite specialist Tide Construction has secured a forward funding deal to start work on a 32-storey co-living tower in West London. The 462-unit tower will be operated by Outpost Management under its Enclave brand, after agreeing a £105m funding deal. It is the third asset to be acquired by the firm’s joint venture with BlackRock Private Markets, through its Real Estate business. Tide is delivering the project using its offsite manufacturing arm, Vision. John Fleming, Chairman of Tide and Vision, said: “The Castle is the second co-living scheme developed by Tide and ..read more
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Costain moves HQ to London’s Can of Ham
Construction Enquirer
by Aaron Morby
22h ago
Costain is moving its headquarters from Maidenhead to the landmark ‘Can of Ham’ building in the heart of London’s Square Mile. Costain will occupy the 7th floor of 70 St Mary Axe as it increases its presence in the capital. The move is expected to complete in the second half of 2024, ramping up the firm’s existing London capacity by around 400%. Alex Vaughan, Costain’s chief executive, said: “This is an exciting new chapter in Costain’s 159-year history and one that points to a bright future. “Over the last few years, working requirements have changed, with increased co-location with our ..read more
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Historic breakthrough for HS2’s longest tunnel drive
Construction Enquirer
by Aaron Morby
22h ago
After almost three years of around-the-clock grind, tunnellers celebrated yesterday as HS2’s longest tunnel drive came to an end. The 17-strong crew working the enormous Florence TBM achieved an average speed of 16m a day on the 10-mile journey under the Chilterns. The 2,000-tonne TBM is one of 10 machines excavating the 32 miles of tunnel on the HS2 project from London Euston to Birmingham. Main works contractor Align’s other sister TBM, Cecilia is driving the second of the bores on the route will breakthrough in the coming weeks. International effort: Breakthrough at the North Portal, near ..read more
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Careys back in profit after £47m turnaround
Construction Enquirer
by Grant Prior
1d ago
Civils and construction specialist Careys has staged a major turnaround at its main contracting business which is back in the black. Latest accounts filed for parent company Araglin Holdings Ltd show the construction division made a profit of £9m for the year to 30 September 2023 compared to a £38m loss last time from a turnover up to £402m from £366m. Around ten problem jobs rocked Careys last year but they have now mainly been worked through and contract selection for future work tightened up. The company is now focused on a three-year growth plan after successful meetings with bankers, cre ..read more
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Go-ahead for 64 homes at former Glasgow Coliseum theatre
Construction Enquirer
by Aaron Morby
1d ago
Robertson Group-owned regeneration specialist Urban Union has gained planning to transform the site of the former Glasgow Coliseum Theatre into 64 homes. Part of the Laurieston Transformational Regeneration Area, the development is a joint venture between New Gorbals Housing Association and Urban Union. The development comprises four residential blocks arranged around a central courtyard on the derelict site of the former theatre on Eglinton Street, near the O2 Academy. The four and six storey blocks will offer a mix of one, two and three-bedroom apartments. Neil McKay, managing director, Urba ..read more
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Purpose build student schemes to surge again
Construction Enquirer
by Aaron Morby
1d ago
Student accommodation developer Unite is stepping up its development programme predicting a further surge in demand over the next decade. The firm said a decline in Houses in Multiple Occupancy supply over the last few years, driven by stricter renter reforms and higher mortgage costs, had provided fresh impetus to the purpose-built student accommodation sector. Announcing strong earnings for last year, chief executive Joe Lister today said there were strong growth opportunities for the sector in the years ahead. He said Unite had now built up a record £1.3bn development pipeline in the strong ..read more
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