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Interserve restructures support services

Interserve restructures support services

Interserve has merged two of its divisions to create a simpler operating structure.Interserve has merged two of its divisions to create a simpler operating structure.Read Full Article: The Construction Index from All Construction News | The Construction Index...
Underwriters hit as Kier £250m rights issue flops

Underwriters hit as Kier £250m rights issue flops

Bank underwriters are facing heavy losses on Kier group’s £250m rights issue after just over a third of shares were taken up. Shares were trading at 385p yesterday, below the 409p issue price leaving the syndicate of five lenders facing losses even after £14m...
Rejigged 35-floor City of London tower plan approved

Rejigged 35-floor City of London tower plan approved

Developer Brookfield has gained revised planning for its 1 Leadenhall tower in the Square Mile. The £400m tower designed by Ken Shuttleworth’s Make practice will rise to 35 floors making it slightly smaller than the Gherkin. Its height has been trimmed by around...
Mace sells £84m Sheffield PRS and student scheme

Mace sells £84m Sheffield PRS and student scheme

Mace has sold its mixed-use residential and student development site in the centre of Sheffield before construction has got underway. West Midlands developer, Cassidy Group, has bought the scheme, where demolition is being finished ahead of work starting in February....
Rejigged 35-floor City of London tower plan approved

Nottingham council injects £50m to kickstart Broadmarsh scheme

Nottingham City Council has agreed on a £50m cash injection to allow the redevelopment of the Broadmarsh shopping centre finally to start. The funding green light allowed shopping centre developer intu’s board to agree to go ahead, which now means contracts can be...