Improved profitability at the UK construction division lifted Balfour Beatty’s overall performance last year with revenue exceeding £9bn again. In a challenging year, group pre-tax profit fell 15% to £244m, due to lower gains from investment disposals. Revenue rose 7% to £9.6bn. UK Construction proved the star performer among the trading divisions, with higher transport

Developer HUB has picked JJ Rhatigan to deliver a £49m co-living flats project in Wood Lane, west London. JJ Rhatigan will build 209 co-living homes alongside amenity spaces and two roof terraces at the Yardhouse project, which will start on site immediately. Through a partnership with Women’s Pioneer Housing, a specialist housing association, the project will also provide

Around 21 modular specialists face a fight to retain places on the next-generation modular building framework for NHS Shared Business Services. The rebooted framework has been expanded to cover new sectors, doubling the expected workload over the next four years to £3.6bn. For the first time, it will include a hybrid construction/modular lot, where the

A slide in profitability and revenue at Costain’s transportation division saw overall group performance slip last year. Overall, group revenue fell 6% to £1.33bn due to the rephasing and rescoping of projects at the transportation division covering highways and railway work. This saw group operating profit fall 23% to £27m, while reported pretax profit slipped

Persimmon is predicting another tough year ahead for the housing market as its latest results showed pre-tax profits fell by more than 50%. Group chief  executive Dean Finch said: “With interest rates expected to remain at current levels and a general election on the horizon, market conditions are expected to remain subdued throughout 2024. “However,

Ambitious plans for a major overhaul of London’s Waterloo railway station and the surrounding area have been unveiled. The 15-year revamp plan includes opening up boarded-up railway arches, new southern station concourse and a large mansard rooftop extension along the station front entrance. Network Rail and Lambeth Council have teamed up with local developers HB

Development partners, The Hill Group and Shearer Property Group, have got the green light for the first phase of the highly-anticipated £450m City Centre South regeneration project in Coventry. The landmark housing-led proposals are set to radically transform the centre around Coventrt market, creating a pedestrian-friendly residential, shopping and leisure hub. Phase 1 includes 991

Developer Greystar has secured planning approval for a £500m build-to-rent development at a former biscuit factory in Bermondsey, South London. Plans have been amended from an original scheme acquired from Grosvenor last autumn to include second staircases and more affordable housing. The addition of a further 88 homes, brings the total rental flats to 1,624

Willmott Dixon has expanded its portfolio of blue light projects with an £18m deal to deliver Pendle Police Station for Lancashire Constabulary. The facility to be located at Carr Road in Nelson will replace older stations in Colne and Nelson. Construction work on the three-storey police station and associated multi-storey car park, was procured through Procure Partnerships.