Insurance giant L&G is being forced to dismantle homes built during its short loss-making foray into manufacturing modular housing. The Enquirer understands that problems with foundations have been uncovered at one of its largest modular homes developments in Bristol. Modules being lifted out of previously completed homes The 185-home Bonnington Walk development was one of
BAM is adopting AI in a bid to manage risks to project schedules. The contractor is adopting new software called nPlan Portfolio across an initial trial of 50 projects. The technology from nPlan allows BAM to analyse a whole portfolio through an AI lens for the first time and provides unbiased insight into potential risks
Shed and multi-room building contractor Winvic saw pre-tax profits fall for the first time after two jobs secured before the pandemic ran into loss. Pre-tax profit nosedived a third to £10.5m in the year to January 2023 as the more challenging market also eroded margins. But revenue at the group, which has also diversified into
Liverpool’s new Anfield Road Stand will not be ready for the first home game of the season against Bournemouth on August 19. The club and main contractor Buckingham Group have confirmed the upper tier of the new stand will not be ready for supporters for the start of the season. Buckingham has been working on
Latest new home registration figures have pointed to the true extent of the slowdown in building activity as interest rates hit a 15-year high. All new home registrations plunged 42% in the second quarter compared to the same period last year, with completions falling by 11%. Private home registration collapsed by just over half on
Haydon Mechanical & Electrical has filed a notice of intention to appoint an administrator. Latest results for the London based M&E specialist show it had a turnover of £66.2m for the year to December 31 2021 generating a pre-tax loss of £6.2m. Haydon entered a Corporate Voluntary Arrangement with its creditors in August 2022 following
Severfield chief operations officer Ian Cochrane is leaving the steelwork contractor after 10 years on the board. This morning Severfield announced Cochrane would be leaving the firm at the end of September to pursue other interests. His role as COO will not be replaced with his duties re-assigned to other executive directors and members of
Developer Olympian Homes will start site clearance in weeks on a 46 storey co-living homes tower on the Isle of Dogs in London Docklands. The developer is pressing ahead with the project after concluding a S106 deal that includes a £48m payment for Tower Hamlets Borough Council to spend on affordable housing. Once transacted, this
Energy infrastructure developer Carlton Power has got the local planning green light to build what it claims will be the world’s largest battery energy storage scheme. The 1 GW energy storage scheme will be built at the Trafford Low Carbon Energy Park in Greater Manchester, which was until 1991 the site of the Carrington coal-fired power
Student room developer Unite has completed a £300m share cash raise to fund two more big development schemes. Earlier this year Unite bought a site in London Stratford, known as Jubilee House, for its next major project. It has full planning consent for a 36-storey tower providing 716 beds for students at a total development
