Multiplex has been appointed to build the City of London’s newest skyscraper. Fifty Fenchurch Street will provide around 60,400 square metres of office space in the heart of the financial district. Multiplex did not divulge the value of the job but data provider Glenigan estimates it is worth £400m. The new…
The Department for Transport (DfT) spent £13.8bn more on transport project invoices last year than in 2019, with construction and engineering firms receiving about half. Construction expenditure increased by 80 per cent from £7.9bn to £14.2bn in the same period. Little of that spend was seen by smaller firms, according…
Adding a host of new uses and spaces to a still-operational exhibition venue is a tall order. CN finds out how Laing O’Rourke is rising to the challenge Project client: Yoo Capital and Deutsche Finance International Main contractor: Laing O’Rourke Architect: Heatherwick Studio and SPPARC Structural engineering: Robert Bird Group…
The cost of a major cancer centre in Cardiff has ballooned by £300m in the 18 months it took to confirm the appointment of a special purpose vehicle. The contract to design, build, finance and maintain the project was initially priced at £562m when it went to tender in 2021.…
Bellway has reported net debt of £57m in its latest trading update for February-June, compared with £42m in net cash for the same period in 2023. In a trading update, the housebuilder said its debt value – cash and cash equivalents, minus debt financing – reflected normal working capital requirements…
Glencar has taken over the construction of a life sciences building near Cambridge from collapsed contractor Readie. Readie was appointed last November to build the Sidney Sussex building in Chesterford Research Park, but went into administration three months later. Glencar will now finish the 5,500 square metre building, having restarted…
Bam has started constructing the first non-residential building in the £8bn regeneration of Brent Cross, west London. Related Argent and Barnet Council appointed Bam to build the 14-storey office block, known as 3 Copper Square. Bam and Related Argent have not revealed the construction value of the project. The scheme…
Seven people have been taken to hospital after a fire broke out on a Bouygues UK construction site in east London. Emergency crews were called at around 8.30am on Tuesday to the Hallsville Quarter regeneration site in Canning Town, where a ground floor commercial unit was on fire. Ten fire…
Construction administrations crept up again last month, but experts suggest greater client confidence could improve conditions in the near future. Twenty-three construction firms went under in May, according to Creditsafe. The latest toll brings the total number of failed construction firms this year so far to 115, down from 154…
Plans for the next five-year period of road investment have been delayed due to the general election, Construction News can reveal. A draft of the third road investment strategy (RIS3), outlining which road schemes the government will fund between 2025-2030, was due to be published in late May. However, in…
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