The pace of major office retrofits in London’s Square Mile is ramping up after two more schemes were nodded through by City planners this week. It means that four office schemes were approved in July as investors sought to exploit surging demand for top-class energy-efficient offices with outdoor spaces for staff. Therise in carve and
Manchester developer and builder Renaker Build delivered record revenue last year ahead nearly a third at £229m. But inflationary cost pressure hit its high-rise residential projects causing pre-tax profit to slip to £5m from £6m in the prior year. The firm, which was set up in 2006 by former Laing O’Rourke employee Daren Whitaker, boosted
Blackpool Council has appointed Morgan Sindall Construction’s North West business as main contractor on a pre-contract services agreement to build a new £65m education campus in the town centre. The Multiversity mixed-use educational development will bring up to 3,000 students and staff into Blackpool town centre and allow Blackpool and the Fylde College to relocate
Unsecured creditors left holding unpaid bills following the collapse of modular specialist ilke Homes last June will receive just £829,000 for the £63m they are owed. The bad news was contained in an update filed at Companies House yesterday by administrators to ilke Homes Holdings and ilke Homes Land. Ilke collapsed nearly a year ago
Ex-Skanska highways director Glennan Blackmore has started his new job at Galliford Try as managing director of Infrastructure, covering National Highways, local authorities and major projects. Blackmore will be responsible for increasing Galliford Try’s market share in existing sectors and progressing aligned adjacent market opportunities. He takes over from David Lowery who was promoted to
Wates has clinched a deal for housing association Orbit to retrofit 410 homes over two years, marking the start of a long-term partnership to help decarbonise Orbit’s homes. The latest contract swells Wates Property Services’ portfolio of social housing retrofit projects, which has seen the builder deliver PAS2035-compliant energy efficiency improvements to over 2,000 properties
Welsh Water has started the hunt for contractors to deliver works and services worth £750m for the next iteration of its Water Network Alliance . The not-for-profit company is looking for partners to deliver a significant programme of new customer meter installations, fix network leaks and repair and maintain its water network to deliver improvements
Shed and multi-room building contractor Winvic restored profitability this year after suffering losses on prepandemic-bid jobs in the prior year. Revenue in the year to January 2024 fell 21% to £959m but the firm managed to ride out tough market conditions to deliver an 80% uplift in pre-tax profit to £19m. Managing director Simon Girardier
London builders and timber merchant Hitchcock & King has fallen into administration. Steve Absolom and Nick Holloway from Interpath Advisory are now in control of Hitchcock & King Enterprises Limited. Hitchcock & King has been trading for over 50 years and operates from six sites across London in Ashford, Burgh Heath, Fulham, Hammermsith, Streatham and
Sir Robert McAlpine slumped to £110m operating loss and tumbled below £1bn revenue in a torrid year to October 2023. The extent of contract losses emerged after assessing end-of-life positions of price-based contracts, which completed in 2023 or are due to complete in 2024. Revenue also fell 19% to £881m amid a slowdown in the
