construction news
HS2: Winners on £3bn London stations contracts revealed
The contractors chosen to build HS2’s London Euston and Old Oak Common stations have been announced source https://www.constructionnews.co.uk/companies/clients/hs2/hs2-winners-on-3bn-london-stations-contracts-revealed/10039675.article
Interserve agrees £480m debt-for-equity swap
Interserve has provisionally agreed a deal with its lenders to swap £480m of its debt for new equity. source https://www.constructionnews.co.uk/companies/contractors/interserve/interserve-agrees-480m-debt-for-equity-swap/10039696.article
Interserve agrees rescue deal terms with banks
Interserve has agreed principles of a debt for equity rescue deal with its lenders. Debbie White, CEO of Interserve, said: “Agreeing the key commercial terms of the deleveraging plan with our lenders, bonding providers and Pension Trustee is a significant step...
BCEGI confirmed for next phase of £1bn Middlewood Locks
BCEGI has been confirmed on phase two of the £1bn Middlewood Locks development in Manchester. Developers Scarborough International Properties Limited and FairBriar International worked with the Chinese contractor on the first phase which was completed last October....
London office building to be raised by six floors
Developer London + Regional Properties has submitted plans to reconfigure and extend a major office building next to London’s Elephant & Castle tube station. Skipton House, built in 1993, will be partially demolished and extended upwards by six floors, under...
Mace and Balfour teams land HS2 stations
HS2 has today named the construction teams that will build the London terminus at Euston and the west London super-hub at Old Oak Common.HS2 has today named the construction teams that will build the London terminus at Euston and the west London super-hub at Old Oak...
Interserve piles its debt onto RMD Kwikform
RMD Kwikform, the concrete formwork business that is Interserve’s golden goose, is having £350m of debt dumped onto its balance sheet to save the rest of the group.RMD Kwikform, the concrete formwork business that is Interserve’s golden goose, is having...
Barratt interim profits soar 19% on back of efficiency gains
Barratt Developments, Britain's largest house-builder, completed 7,622 homes between July and December 2018, an increase of more than 4% on the same period in 2017.Barratt Developments, Britain's largest house-builder, completed 7,622 homes between July and December...
Nuttall and Lanes renew drain partnership
Civil engineering contractor BAM Nuttall has renewed its long-term framework partnership with drainage specialist Lanes Group.Civil engineering contractor BAM Nuttall has renewed its long-term framework partnership with drainage specialist Lanes Group.Read Full...
Dutch designation secures BSI’s post-Brexit future
BSI, the British Standards Institution, has secured notified body status in the Netherlands for construction product regulations.BSI, the British Standards Institution, has secured notified body status in the Netherlands for construction product regulations.Read Full...
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