View from 22 Bishopsgate across to the Shard. Photo by Asad Chaudry. Construction of the £500m building, described as ‘Europe’s first vertical village’ started in January 2017, on the foundations of the stalled Pinnacle project. Multiplex has now handed over the building to the developers and the new occupants, including insurance companies Axa and Hiscox,…
Spencer’s accounts for the year ending 31st March 2020 show turnover up from £54m to £63m. However it once again made a loss, this time £23,000 before tax (2019: £166,000 loss). The privately owned company does a lot of work in the rail sector, including bridge renovations, but is active across various industries, including nuclear…
Mike Forsyth Safer Sphere was established in St Helens in 2012 by Mike Forsyth as a CDM consultancy. He has now sold 49% of the £1m-turnover business to an Employee Benefit Trust. Other employee-owned companies in the construction industry include Tonic Construction, Triton Construction and McGee Group, as well as the big consulting engineers Mott…
ShedKM’s masterplan for the canalside site The masterplan, by architect ShedKM, will bring up to 2,000 new homes to the area including homes for sale, homes for rent and student accommodation. Housing, offices, leisure and retail amenities will be linked by two acres of public realm, opening up 200 metres of previously inaccessible canal frontage….
Berkeley Group chief executive Rob Perrins Berkeley Group’s half-year results for the six months to 31 October 2020 show that revenue was only down 4% compared with the same period of 2019, at £895.9m (2019: £930.9). Additional costs associated with the new operating procedures meant that profit before tax for the May to October period…
SP Energy Networks (SPEN) said that the new technology can restore power within 24 hours. The Meccano-like Emergency Restoration System can be deployed at a short notice to support both overhead and underground lines. It provides a far more rapid response system for engineers to use in the field than has previously been available and…
Skanska’s highway maintenance business will become part of a new M Group company called Milestone Infrastructure Skanska’s infrastructure services operation includes road and rail projects, has 1,500 employees and generated £320m of revenue in 2019. The sale, expected to complete by March 2021, should take M Group Services’ annual revenues past £1.5bn. Skanska said that…
New order volumes expanded in November at the quickest pace for just over six years. However, employment trends remained relatively weak across the construction sector and stretched supply chains resulted in a sharp increase in average cost burdens. At 54.7 in November, up from 53.1 in October, the headline seasonally adjusted IHS Markit/CIPS UK Construction…
The Scottish and UK governments had said last week that there was no legal route to provide further financial support to BiFab in its current form. Scotland’s economy secretary Fiona Hyslop said yesterday that the Scottish government will work with the administrators and trade unions to secure a new future for the BiFab yards in…
The Euston skyline today HS2’s enabling works contractor, Costain Skanska joint venture (CSJV), has completed two years’ worth of demolition work, taking the 1970s towers to ground level. Grant Thornton House and One Euston Square – designed by architect Richard Seifert – have made way for the new high speed station. The actual demolition was…
