The analysts at Timetric's Construction Intelligence Center report on the current state of the UK housing market, and what's to come.
Fife College has secured the option to buy land for the construction of a new college campus on the Shepherd Offshore site on Dunlin Drive, Dunfermline, Scotland.The project, which forms part of a broader plan announced to improve College estates across Fife, is estimated to cost about £90m ($130.1m).Principal Hugh Logan said: “Our students’ needs are paramount when making decisions about our new campus. The new state-of-the-art college will be built around the requirements of our students, from location and accessibility to the layout, design and resources required.”Scottish government’s NPD Programme will provide £70m of the project funding, while the remaining amount will be procured from Scottish Funding Council (SFC) and college resources.SFC has already given the go-ahead to an outline business case for the use of the site for the college build. A full business case for the college project is expected to be considered later in 2016. “Transport links will also be an important factor and we will work with Fife Council and partners to ensure the new campus benefits from excellent transport links,” Logan added.
Birmingham City Council has revealed details of the £500m Birmingham Smithfield redevelopment project.Spanning 14 hectares, the development will include over 300,000 sq m of commercial floor space, as well as 2,000 new homes in a mix of two-, three- and four-bed apartments.The project will also feature new squares, parks and gardens, retail markets, leisure facilities, cafes, independent shops, restaurants and hotels, buildings for cultural events, and pedestrian boulevards. It is expected to create 3,000 jobs in the region.Birmingham City Council chief executive Mark Rogers said: “Birmingham Smithfield will have a transformational impact that capitalises on the area’s unique heritage and focus for markets.“It will radically enhance the city’s retail, visitor and residential offer, as well as unlocking the growth potential of a much wider area.”
Developer Ballymore has received funding from British property investor M&G Real Estate for the construction of the £200m Three Snowhill development in Birmingham, UK.The office development, which will cover an area of 420,000 sq ft, is due to be the largest ever speculative city centre office project built outside London.The property will feature 385,000 sq ft of office space, 35,000 sq ft of retail and leisure space, accommodating nearly 4,000 workers.BAM Construction was appointed as preferred contractor for the project in June 2015. The project is expected to be completed at the end of 2018.Ballymore CEO Sean Mulryan said: “Ballymore is delighted to announce a start on the third and final phase of our Snowhill scheme. “Working with the city, our funding partner, M&G Real Estate, and our main contractor, BAM, we will deliver a landmark building and the final element of what is one of the largest and most prestigious commercial developments in central Birmingham.”
A joint venture (JV) of Bouygues Travaux Publics and Cimolai has signed a construction contract with the Garden Bridge Trust to deliver the Garden Bridge project in London. The JV’s scope of the work will include the completion of the detailed design, construction and planting the trees and shrubbery for the project, which is estimated to cost £175m. In April 2015, the JV won the contract for preconstruction services.The project has been designed by Flint and Neil and Moxon Architects. Arup, Heatherwick Studio and Dan Pearson Studios will offer advice to the trust on the bridge design and construction.Construction work on the project is expected to start in mid-2016 and will be completed in late 2018.Garden Bridge Trust chairman Lord Mervyn Davies said: “The Garden Bridge is a reality. We are on course with our fundraising targets, we are meeting the requirements of our planning conditions.“We have huge public support for the project and we look forward to working with Bouygues TP and Cimolai and all our partners to make this a special place to be enjoyed by Londoners and visitors in the heart of the city for years to come.”
Ground has been broken on the first phase of the £400m Kirkstall Forge mixed-use project in Leeds, UK.Located on 57 acres, the development will include 1,050 new homes, 300,000 sq ft of office space, as well as 100,000 sq ft of retail, leisure and community space. Wates will serve as the project’s principal contractor. Phase one of the project will involve the creation of a Grade A office building, covering an area of 110,000 sq ft. The seven-storey building is expected to be ready for occupation in the third quarter of 2017.With the ground breaking, Zenith, a leasing, fleet management and vehicle outsourcing business, has signed a pre-let agreement to occupy a new flagship headquarter office building at the development. Under the deal, the company will occupy over 45,000 sq ft net over the three upper stories that include a roof level meeting room suite.In addition, developer CEG has announced plans to relocate its northern office to the new development. The developer will occupy nearly 10,000 sq ft on the ground floor, with the remaining ground floor and three remaining floors of 18,500 sq ft each to be made available to the market.CEG director Jon Kenny said: “Kirkstall Forge is unique, it will deliver fresh, sustainable new ways of living and working amongst acres of green space in a wooded riverside setting. With schools, contemporary housing, restaurants, cafés and light-filled offices, it will provide the vibrancy of city life as well as the tranquillity of the outdoors.“Ultimately, this will not only be an ambitious and innovative development for Leeds, but will establish a new benchmark for office developments across the rest of the UK.”
Implenia has secured a contract valued at over CHF100m ($101.2m) to construct a new landmark for North Zurich, Switzerland.The company has won the total contractor mandate by making use of digital 4D Building Information Modelling (BIM) in the tender phase. The scope of the contract, awarded by SBB Immobilien, will include the construction of the Andreasturm building. The 80m high building, located next to the railway station in Oerlikon, Zurich, has been designed by architects Gigon/Guyer.The development will include about 20,000 sq m of office space, ample room for shops, cafés and restaurants, and a direct link to the platforms and station underpass. It will also be energy efficient, and will comply with the DGNB Platinum label standards adapted by the Swiss Sustainable Building Council. Construction work on the project is expected to commence in April 2016.
Town Centre Securities (TCS) and GMI Construction Holdings have formed a joint venture company known as Belgravia Living Group to deliver a residential project in Piccadilly Basin, Manchester.Phase one of the residential project, which has already received planning approval, will include the construction of the 90,000 sq ft Burlington House building. Designed by architect Simpson Haugh, Burlington House will feature 91 apartments.The Greater Manchester Combined Authority has approved a £9.741m loan from the Greater Manchester Housing Fund to support the first phase on Tariff Street. Preparatory site work is expected to begin in April 2016, with an 18-month development programme expected to commence in June 2016.Overall, the project will deliver 900 homes over the next six years. The development of all phases of the project is expected to entail an investment of nearly £300m.GMI Construction Holdings group managing director Jarrod Best said: “We are delighted to have joined forces with TCS to deliver what will be a high quality residential scheme to suit discerning owners and occupiers within the key Manchester M1 postcode.”
Liverpool John Moores University (LJMU) has secured planning consent for transformation of the former Royal Mail sorting office at Copperas Hill in Liverpool, UK into a new £100m building for the university.
Developer CLS Holdings has confirmed plans to begin enabling works on phase one of its Vauxhall Square project in London in 2017.
Work on the £150m redevelopment of the Chase Farm Hospital in Enfield, London is set to commence in early 2016 after receiving planning consent from Enfield Council.
Henry Boot Construction, a UK-based construction firm, has been selected as the main contractor by the Barnsley council for the Better Barnsley town centre redevelopment project.
The Croydon Council has unveiled detailed plans for a £750m regeneration of the Croydon town centre.
Bharat Heavy Electricals (BHEL) has won a contract to build a main plant package for the 2x800MW Uppur Supercritical Thermal Power Project (TPP) in Ramanathapuram district of Tamil Nadu, India.
South Korean steelmaker POSCO has signed an agreement with Iranian steelmaker Pars Kohan Diar Parsian Steel (PKP) to build a $1.6bn steel mill in southeastern Iran.
The mayor of London Boris Johnson has given the green light to Tottenham Hotspur’s new White Hart Lane stadium.
British carmaker Aston Martin has announced plans to invest £200m in a new manufacturing facility in Glamorgan, Wales.
Canadian wood-based panel products company Norbord has invested $135m to upgrade and expand its OSB mill in Inverness, Scotland.
The University of Cambridge has secured planning consent for a new £79m ($114.3m) research facility.
Lendlease has won a contract worth £80m ($115.7m) from Liverpool John Moores University (LJMU) to redevelop the former Royal Mail sorting office at Copperas Hill into a university building.