Crest Nicholson has confirmed it has been approached by another rival after rejecting a £650m takeover offer from Bellway last month. The house builder said it had “received unsolicited, preliminary, indicative proposals from Avant Homes regarding a possible all-share combination of Crest Nicholson and Avant.” It added: “None of the proposals from Avant involved a
Cash-strapped contractor ISG is in final talks to agree the sale of the business to an overseas buyer. Today the firm issued a statement to staff and suppliers setting out the plan, which will see a significant cash-injection into the business. Further details will be confirmed in the coming days about the identity of overseas
Lendlease has signed on the dotted line on contracts to upgrade army barracks in Gloucester, the Midlands and Wales. The contracts, procured under the Defence Estate Optimisation, include the mostly new-build construction of live, work and train facilities estimated to be worth £450m. Works to be carried out for the Army and DIO are: Imjin
Torsion Group has formed a joint venture with Housing Growth Partnership to deliver a new £53m residential development at Hollis Croft in Sheffield. Torsion Construction will be main contractor on the 234 bed Build to Rent (BTR) project in blocks from seven to 17 floor. Completion is expected in mid-2026 and the scheme will also
Latest figures from the Health and Safety Executive reveal that 51 construction workers died following accidents during the year to March 31 2024. The figure is an increase on the previous year’s total of 47 and the five-year average for fatal injuries in the sector which stands at 42. The HSE said: “While the number
The University of Cambridge has picked Bedfordshire contractor SDC to deliver the complex refit of the historic James Stirling-designed History Faculty and Seeley Libray. Described as a modernist jewel by architects the faculty built in the late 1960s will undergo a comprehensive £60m overhaul. £200m-plus turnover SDC is understood to have pipped Kier, Bowmer &
Multiplex was catapulted to the top of the league raking for contracts won in June on the strength of one major tower project in London. In a thin month for major project awards, insurance giant AXA gave Multiplex the go-ahead to start main works on its 650,000 sq ft 50 Fenchurch Street office in the
Around 12,000 workers are now driving ahead construction of the Hinkley Point C nuclear power station as preparation work advances to install the first reactor in Unit 1. Simon Parson, Nuclear Island Area Director, said work was also now accelerating on building second reactor unit buildings where work was typically progressing 20%-30% faster than on
Jigsaw Homes Midlands has appointed a new contractor to complete the development of 131 affordable homes in Nottinghamshire where work ground to a halt when Ilke Homes went bust last year. Midlands-based Morro Partnerships has been appointed at at Rolleston Drive in Arnold and will start work on the scheme this month. Ilke went into
Developer Evans Randall Investors has submitted revised plans for its £175m redevelopment of Thavies Inn House on Holborn Circus, London. Detailed designs have been worked up by the architect WilkinsonEyre, with the submission marking the latest milestone for the office project which is expected to cost up to £100m to build. This follows Evans Randall
