construction news

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...

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 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....

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...

Industry leaders have reacted angrily to the government’s Immigration White Paper which they fear could “devastate” construction. Home Secretary Savid Javid set out the new policy on Wednesday which has snubbed a long-running construction lobbying...

Barhale is confident about the coming year after posting a positive set of results for the 12 months to June 30 2018. The latest numbers filed at Companies House show turnover up to £185.6m from £121.7m last time as pre-tax profits also increased to £3.1m from £2.1m....