Developer Endurance Land has got the planning green light to retrofit and extend an outdated 1990s office at Old Street roundabout on the City Fringe in London. The landmark transformation project has been designed Kohn Pedersen Fox for 99 City Road and will provide 650,000 sq ft of space for tech clients. New building will
Cash-strapped house builder and brownfield developer Inland Homes has breached a loan covenant with banker HSBC. In a stock exchange announcement the firm confirmed: “Inland Homes has advised HSBC that it considers that its subsidiary Inland Homes Developments Ltd is in breach of certain historic and forward looking covenants in relation to a debt facility
Final sign-off on the new Museum of London and Tollworth mental hospital projects catapulted Sir Robert McAlpine to the top of the August contracts league rankings. BAM ranked second with a brace of contract wins in Scotland each worth around £80m. These included the South and West Fife High School and Kinardochy substation for SSEN
Department for Education civil servants have confirmed that already committed to school building projects will not be bumped from the existing programme due to the crisis caused by crumbly concrete. Top civil servants yesterday confirmed that 400 school projects already identified will remain in the Government’s 10-year school programme to build 500 schools. Quizzed yesterday
Henry Boot development arm HBD is about to submit a planning application for a 200,000 sq ft office scheme within the St John’sDistrict of Manchester City Centre. The £140m Colloco scheme will be a sixteen-storey building on the site which was formerly home to the LTE Group’s Manchester College before it relocated to its new
House builder Vistry is dramatically switching its business strategy in the face of falling private market sales to become a partnerships-only housing business. Chief executive Greg Fitzgerald revealed the new strategy this morning and pledged to return £1bn to shareholders over three years as assets are released from the traditional house building division. The decision
More than 3,000 engineering construction workers operating under the Blue Book agreement are being balloted for strike action. Construction union Unite said workers are angry that the value of their pay has been progressively falling since the pandemic under the National Agreement for Engineering Construction Industry (NAECI). During Covid, they agreed to a pay freeze
Three directors have left Skanska UK ahead of a wider streamlining that could see up to 90 redundancies among back-office operations. The business streamlining comes just four months after Katy Dowding was promoted to UK President and CEO of the business, which in August reported strong profit and revenue growth last year. (l-r) Neeson leaves
Spending watchdog MPs have raised doubts about the Government’s ability to deliver its revised hospital programme of 40 new hospitals by 2030. Public accounts committee MPs challenged plans for the revised new hospital programme warning that spending and delivery timeframes ‘didn’t stack up’. NHS procurement chiefs revealed the new hospital programme was costed on the
Greenwich council is recommending plans are approved to house homeless people in self-contained flats measuring 154 sq ft. Planning officers are recommending proposals to divide a two-storey building in a prime residential street in the London borough into 26 studio flats housing 26 vulnerable adults and 7 children. Each flat will contain a bedroom/living area,
