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Kingspan Acquisition of European Insulation Manufacturer

KINGSPAN GROUP plc, has acquired a majority stake in insulation manufacturer Steico SE from Schramek GmbH, with an option to acquire a further 10% of shares in the future. Steico manufactures natural insulation and wood-based building envelope products based in Germany. It has four large production sites comprising 27 lines situated in Poland and France,

Offsite Solutions lands £5m Downing deal

Offsite Solutions has been awarded two contracts totalling £5m for nearly 1,500 bathroom pods for Downing’s first co-living scheme. Designed by Simpson Haugh, Square Gardens is a £400m co-living scheme in Manchester developed and built by Downing, which will provide new homes for rent – a mix of private studios to five-bedroom apartments. This project

Skanska lands £450m Lower Thames Crossing deal

Skanska has been named as preferred bidder for the £450m Kent Roads contract on the Lower Thames Crossing project. The contractor fought-off competition from three rivals to land the deal – BFV JV; comprising of BAM Nuttall, Ferrovial Construction (UK) Ltd and VINCI Construction Grands Projets, Costain and Kier Eiffage (KEJV); comprising of Kier Highways

Building Safety Regulator Announces First Step to Regulating Building Control

TWO INDEPENDENT provider schemes for building control professionals to register as building inspectors have been announced by the Building Safety Regulator (BSR). The Building Safety Competence Foundation and the Chartered Association of Building Engineers (CABE) are the first organisations to become independent competence assessors for all building control surveyors in England. The competence assessment is

Company Insovencies Up Almost a Third on Last Year

THERE WERE 2,163 registered company insolvencies in June 2023, up 27% on June 2022 and higher than before or during the pandemic. There were 260 compulsory liquidations in June 2023, higher than in June 2022. Compulsory liquidations have increased – up 77% on June 2023 – partly as a result of an increase in winding-up

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