£150m Bournemouth Winter Gardens revamp approved
Morgan Sindall’s plan has been approved to transform one of Bournemouth’s most famous locations into a £150m shopping, leisure and homes complex. Bournemouth Development Company, a partnerships between Morgan Sindall and the local council, aims to build 350 apartments...
Intu cuts dividends to maintain construction investment
Intu is cutting returns to shareholders to protect its capital investment programme after a potential bid offer for the retail developer fell through. A consortium of the Peel Group, Olayan Group and Brookfield Property Group started bid talks in October but they have...
Quintain boss says offsite could prompt Wembley shake-up
Quintain would consider changing the “dynamic” of its contractors on the £5bn Wembley framework if there was a “big breakthrough” in offsite. source...
Engie to buy Forrest housing and energy arms
French energy services giant Engie is set to buy the social housing refurbishment and energy operations of stricken North West contractor Forrest Group. Bolton-based Forrest has been fighting for survival in recent weeks, and yesterday revealed refinancing talks with...
English housing market boosts results for Scotland’s Stuart Milne
Stewart Milne Group has reported a return to underlying profitability thanks to the success of a turn-around strategy and a recent focus on North West England.Stewart Milne Group has reported a return to underlying profitability thanks to the success of a turn-around...
CITB outsources 337 admin staff and sells plant card scheme
The Construction Industry Training Board is outsourcing a raft of its back-office functions. The move will affect 337 staff with the “majority” transferring over to new provider Shared Services Connected Ltd (SSCL). The move is part of CITB’s Vision 2020...
Forrest refinancing fails as break-up looms
Forrest is to dispose of large parts of its core business after the firm failed to secure a refinancing deal. source https://www.constructionnews.co.uk/companies/contractors/forrest-refinancing-fails-as-break-up-looms/10037693.article
GMI starts Stockport Exchange phase 3 office
Leeds contractor GMI Construction has bagged the next phase of the £145m Stockport Exchange office scheme near the town’s railway station. The scheme forms part of the regeneration partnership between the local council and Muse to transform Stockport town...
Half-way point for UK’s biggest road upgrade scheme
The £1.5bn project to upgrade 21 miles of the A14 between Cambridge and Huntingdon has reached the half-way point. Construction started on Monday 28 November 2016 and is on target to be completed by December 2020. Since work started, more than eight million working...
Wates appoints eastern operations director
Wates Construction has appointed Stuart Cleworth as operations director to strengthen its project delivery across the East of England. Cleworth will be responsible for a portfolio of projects across the region including overseeing Wates’ delivery of Public Health...

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