Legal & General Capital has unveiled plans to collaborate with Newcastle City Council and Newcastle University to help construct and finance the £350M Newcastle Science Central development.The development will be located in the UK city’s Accelerated Development Zone, adjacent to Newcastle United’s football ground, St James’s Park, and to the north of Newcastle train station.The project will include the development of 47,000sq m of office space and 450 new homes. Legal & General Capital’s £65M initial investment will help create more than 19,000sq m of Grade A office space.Rachel Dickie, Legal & General Capital head of urban regeneration, said: “The delivery of Newcastle Science Central will help support the wider Newcastle economy and we are delighted to be working with Newcastle City Council and Newcastle University to deliver this major regeneration scheme.“Providing an excellent match for our long-term money, this public and private sector partnerships model demonstrates that we can unlock major regeneration projects that support the economic growth prospects of the UK by closing the funding gap, as well as delivering strong financial returns for our shareholders and policyholders.”The project is expected to create more than 4,000 jobs in the region.
Swedish construction firm NCC and Region Örebro County have agreed on the design and implementation of a new hospital project in Örebro, Sweden.The construction company was commissioned to build the new university hospital in October 2015.Both parties have agreed on a contract worth SEK1.5bn ($180M) and have worked together to plan the project and prepare detailed system documents. The new facility, known as the H building, will replace existing premises that no longer adhere to the current requirements. It will feature residential care, outpatient care and surgery for areas including ear, nose and throat (ENT), dermatology, anesthesia and emergency care clinics. NCC’s Building head in Sweden Henrik Landelius said: “NCC has extensive experience of building major hospitals, which we will utilize in this project. A partnering project such as this means that, at an early stage, we can plan together with the Region to obtain the best results.”The project is aiming to achieve Sweden Green Building Council (SGBC) Gold certification.
A2Sea has signed a contract for the installation of Horns Reef 3, which is an extension to the current Horns Reef 1 and 2 offshore wind farms in Denmark.The project owner is Vattenfall and the total capacity of the wind farm is 400MW. A2Sea’s purpose-built offshore installation vessel Sea Installer will be deployed to install the 49 MHI Vestas 8MW turbines. Load out port will be Esbjerg.“I am confident that our team of experienced employees both onshore and offshore will deliver on time, on budget and most importantly in a safe manner,” says Jens Frederik Hansen, CEO at A2SEA.When fully commissioned, the 400MW offshore wind farm will provide green energy for over 400,000 homes in Denmark.
The €382M Kieldrecht Lock has been inaugurated at the Port of Antwerp in Belgium.Measuring 500m in length, 68m in width and 17.8m in depth, the Kieldrecht Lock is said to be the largest lock in the world.The new lock, which has been built over five years, is expected to strengthen the position of the Port of Antwerp as a major hub of the EU Trans- European Network (TEN-T).The European Investment Bank (EIB) has financed the project with a contribution of €160.5M.Antwerp Port Authority chairman Marc Van Peel said: “The Kieldrecht Lock forms a necessary key to the further development of the port on the left bank of the Scheldt River. In recent years, our port had successfully overcome many hurdles, now ranking as number two in Europe.“In order to retain that leading position, Antwerp must have a highly necessary basic infrastructure such as well-functioning locks that are adapted to the increased scale of international shipping.“However, Antwerp also needs space to grow, which explains the first phase of the construction of the Saeftinghedok — a new tidal dock on the left bank of the Scheldt river — the next infrastructural project that is high on the agenda.”
Springfield Properties’ plans for phase one of the £1bn Bertha Park mixed-use development in Scotland, UK have received the go-ahead from Perth and Kinross Council.The first phase will include construction of 1,061 new homes, commercial buildings, as well as leisure and recreation areas. Plans also include a new network of roads, and a new secondary school.Springfield Properties managing director Innes Smith said: “Perth is a very attractive place to live and work. Not surprisingly the city is one of the fastest growing places in Scotland. We are committed to enabling that expansion with homes, business and leisure opportunities over the next thirty years. Already we have spent five years developing this plan.”“The plan provides everything a growing community needs. It is important that there are homes for every age and stage. “There will be lots of options to suit all budgets. Homes for sale, homes for private and mid-market rental and homes for rent through housing associations; all are proposed. Many of the homes have been designed especially to suit the site. And all homes are designed to be very energy efficient, keeping bills low for householders.”Bertha Park scheme will be carried out in phases over 30 years, and is anticipated to create more than 2,000 jobs.
NCC has bagged a SEK830M ($100.2M) contract from Fabege to build a new office building next to the Arenastaden city development project in Solna, Sweden.Covering an area of 40,000sq m, the seven-storey building will mainly accommodate ICA’s new headquarters. The building will comprise an underground parking garage with nearly 120 parking spaces. The project will feature large glazed facades and is set to comply with BREEAM-SE Excellent specifications. Preparatory groundwork on the project has already commenced, while construction of the actual building is set to start at the end of 2016. NCC Building Sweden head Henrik Landelius said: “Cooperation during the project engineering phase has been excellent and we look forward to carrying out this project together with Fabege. It is our first large-scale assignment for Fabege and we are using a collaboration form known as partnering. It is a form that we have used before for similar projects and our experience of it is extremely positive.”Fabege’s director of projects and development Klas Holmgren added: “We feel assured about how the initial preparations have been carried out and our impression of NCC’s staff is that they are highly competent and committed. Together, we have created a solid basis for a successful project and we are looking forward to the start of construction.”The project is expected to be complete in the end of 2018.
The European Investment Bank (EIB) has signed three loan agreements worth €400M in total to support urban transport, education, and a combined-heat-and-power plant in Finland.EIB has signed a €140M agreement with the City of Espoo, which will support the construction of four new pre-schools and day-care centres as well as three new comprehensive schools.The programme will also include the expansion of three school campuses and renovation of one comprehensive and one upper secondary school.The second agreement involves a €180M framework loan to fund the investment plan of the transport company of the City of Helsinki. The plan involves procurement of new tram, extension of existing tramlines, and upgrades to the network. A significant part of the funding will be used for the newly produced ARTIC trams.In addition, EIB has also offered a €75M loan to Finnish energy utility firm Lahti Energia to deploy a biomass-fired CHP plant.The new plant, to use 100% renewable fuel, will replace the old Kymijärvi I coal-fired power plant by 2019. It will have the capacity to reduce emissions by allowing recovery of condensation from fuel and recycling ashes back into forests as fertiliser.EIB’s vice-president for Finland operations Jan Vapaavuori said: “The agreements signed today are good examples of where the European Investment Bank can add value for local infrastructure, services and energy generation.“The Bank has continued to invest in Finland over the last few years and we are glad that Finnish citizens will soon be able to find that the EIB’s activities have concrete benefits for their daily lives.”
The European Investment Bank (EIB) has agreed to provide a €125M loan to the National Power Company of Iceland Landsvirkjun to build a new geothermal power plant at Theistareykir, Iceland.The funding will be used to support the design, construction and operation of a new 90MWe geothermal power station and its geothermal wells.The project will be located near Húsavik, in the northeast of the country, where nine wells with more than 50MWe capacity have already been drilled and tested.EIB’s vice president Cristian Popa said: “Iceland is in a very special position when it comes to renewable energy and it’s great to see how Landsvirkjun is making the most of it.“The EIB is glad that it can support this important energy project, which also highlights how the bank supports the energy sector around Europe.“The Icelandic expertise in this area is state of the art and serves as a blue print for geothermal projects around the globe."
UK-based construction firm Crest Nicholson has secured approval to deliver the £100M Brightwells regeneration scheme in Farnham, Surrey.The mixed-use development will feature 239 homes — 167 private homes and 72 homes under the Shared Ownership project to be purchased by Thames Valley Housing.The development will include new shops, restaurants, leisure and community facilities, including a cinema. It will also involve the restoration of the Grade II listed Brightwells House.Crest Nicholson will deliver the project over the next three years, creating 400 jobs during the construction work.
Midlands-based developer St. Modwen has been selected as commercial development partner by Bovis Homes to deliver its £900M Stanton Cross project in Wellingborough, UK.The development will create up to 144,000sq m of commercial space on more than 100 acres at Stanton Cross, having outline permission for a mix of commercial uses including industrial and distribution, offices, retail and leisure.Stanton Cross will also see the construction of 3,650 homes, 379 of which will be built in the first phase of the project, which has received detailed planning approval in October 2015 and is scheduled to commence on site this year.Rupert Wood, regional director for the Northern Home Counties at St. Modwen, said: “It is a major project for our growing Northern Home Counties region and will provide a significant development pipeline in an area which is seeing economic growth.”The Stanton Cross project is expected to take 15 years to complete.
Glasgow University has filed an outline planning application to develop the former Western Infirmary site as part of a proposed £1bn investment in its West End campus.The plan includes the creation of a research and innovation centre and new facilities for social sciences, the Institute of Health and Wellbeing and the College of Science and Engineering.It will also feature a hotel, a restaurant, bars and cafes. Glasgow University’s principal and vice-chancellor Anton Muscatelli said: "We hope to use the new site as a catalyst to attract and grow the very best academics, to attract the very best students and to ensure that Glasgow continues to be one of the top universities in the world."The first major development will be a Learning and Teaching Hub — situated not on the former Western Infirmary site but on University Avenue. It will provide spaces for 3,000 students at any one time, as well as state-of-the-art facilities, and will allow us to use the latest techniques in pedagogy."The project is expected to create 2,500 jobs during the construction period.
Urban regeneration specialist Queensberry Real Estate has been selected by Sheffield City Council as the preferred bidder for the role of strategic development partner in the £480M Sheffield Retail Quarter project.The first phase of the project is expected to be complete in 2019 with further final phases being completed in 2021. The project is expected to create around 2,500 jobs in the region.Councillor Leigh Bramall, deputy leader of Sheffield City Council and cabinet member for business and economy, said: "We are delighted to announce Queensberry Real Estate as preferred bidder to become our Strategic Development Partner for Sheffield Retail Quarter.“This is a key milestone and a significant step forward in the delivery of the scheme, which will provide a transformational development in the heart of our city centre.”Queensberry’s CEO Paul Sargent said: “My team has been focused for the last 18 months on winning this major instruction. It is a dream come true. A scheme that meets the scale of our ambition and challenges our creative experiences to date.“We will work seamlessly with Sheffield City Council to deliver the long awaited regeneration of the city centre. Our joint plans will be cutting-edge and inspirational placing the city at the forefront of the next revolution in urban place making.”
EDF Energy Renewables has announced the start of construction work on a new offshore wind farm off the coast of Blyth in Northumberland, UK. The Blyth Offshore wind project will be wholly owned by EDF Energies Nouvelles and will be constructed by a UK joint venture between EDF Energies Nouvelles and EDF Energy. The project, with a maximum total generating capacity of about 100MW, will generate enough electricity to power 33,000 homes in the region. The power produced from the wind farm will be supplied to an electricity substation at Blyth, which will be constructed by Balfour Beatty, for transmission to the National Grid. Offshore work will start in 2017 with the installation of five 41.5MW turbines and will be completed in the same year. The project will create about 200 jobs during peak construction.The project will use the latest generation of offshore wind turbines, to be manufactured and installed by MHI Vestas Offshore Wind, and will be the first project to use 66kV cable technology, which will be installed by VMBS — specialist in subsea power cable installation. The wind farm will use a new type of foundations developed by BAM for offshore wind turbines, representing the first time the technology will have been used.EDF Energy Renewables CEO Matthieu Hue said: “As a company, we already have a strong presence in the North East, in low carbon electricity generation and serving customers including our first offshore wind farm at Teesside so we’re pleased to be able to add another project to our portfolio in the region.“We are delighted that the gravity based foundations will be made in Newcastle. The Port of Blyth will be used for operations and maintenance and the blades for the turbines will be made on the Isle of Wight."
Plans have been submitted to Salford City Council for the second phase of the mixed-use property development MediaCityUK in Manchester.Phase two of MediaCityUK will feature 50,000sq m of offices, 1,800 apartments, retail and leisure space and a pedestrian promenade, which will run through the development. Entailing an investment of over £1bn, this phase of the project will also involve the construction of up to ten new buildings.Salford’s planning panel is expected to consider the plans in September.Peel Group CEO Steven Underwood said: “This application is another major step forward in the evolution of MediaCityUK. “Our partnership with Legal and General Capital, alongside continued support from the public sector, provides a strong platform to deliver future development phases of the UK’s fastest growing hub for the creative and digital industries.“MediaCityUK is a shining example of what can be achieved across the Northern Powerhouse, combining the talents of great people with ambition and vision.”MediaCityUK is a joint venture between Peel Land & Property and Legal & General Capital.
Skanska will invest SEK1.3bn ($160M) in the construction of the Solna United office building project in Stockholm, Sweden. Skanska Sweden won the SEK1bn ($123.2M) construction contract,for the office building, which will be located next to Solna station. The building will have ten floors and a total area of 33,000 sq m.The project will also feature a garage, a restaurant, a café, and a rooftop space.Construction work has started and involves the demolition of the existing office building. Solna United is scheduled to be ready by mid-2019.
Developer Moda Living and Apache Capital Partners have submitted plans to the Liverpool City Council for the £80M residential development in Princes Dock.To be located on Liverpool’s waterfront, the 34-storey tower is part of Peel Group’s £5.5bn Liverpool Waters project.Apache Capital is fully financing the project, which will include 304 apartments for rent, a lounge, a gym, a roof, a terrace, a garden and a cinema.Moda Living’s joint managing director Tony Brooks said: “We have worked in collaboration with Peel on their masterplan for this unique part of the city and are very excited about our first Moda Living development in Liverpool.”Peel Group development director Lindsey Ashworth said: “Our vision for developing this important waterfront and creating unique neighbourhoods in this historical part of the city will make it an incredibly vibrant and exciting place to live and provide quality accommodation for a growing city.”
Finland-based construction firm SRV Group has secured a €290M contract for the construction of Central Finland Central Hospital.The new 100,000sq m hospital, worth about €490M, will be built near the existing central hospital. Most of the hospital premises will be taken up by specialised care, while some will be reserved for the City of Jyväskylä's basic health care.The hospital's expenses will be divided among the 21 municipalities that make up the Council of Central Finland Health Care District. SRV’s head of operations in Finland Juha Toimela said: "Central Finland Central Hospital will significantly increase our already record-high order backlog. "The final target price of the project management contractor agreement was confirmed at a meeting of the Administrative Council of the Central Finland Health Care District. This is a great example on how SRV could found reduction on costs in co-operation with the client in order to meet the target price set.”Preparatory works will start in early August and actual construction is set to commence in the beginning of September 2016.
Swedish energy firm Vattenfall is set to commence construction on the €1bn offshore wind farm Horns Rev 3 off the west coast of Denmark.In February 2015, Vattenfall won the bid to build the wind farm, which will generate enough electricity to power 400,000 Danish homes. Vattenfall’s president and CEO Magnus Hall said: "Horns Rev 3 is an important part of Vattenfall’s ambitions in the field of wind and particularly on our focus on offshore wind farms."Horns Rev 3 also gives a clear signal to the world around us that Vattenfall’s strategy is to make new investments in renewable electricity generation and to grow in wind. "Vattenfall supports the transition to a totally renewable energy system and takes up the challenge, in spite of current low electricity prices and excess capacity."The wind farm will be commissioned in 2018.
The secretary of state has approved Jaguar Land Rover's (JLR) plans to develop a research and development centre at Whitley South, UK.
Sigma capital group has entered into a partnership with Keepmoat Limited to deliver 5,000 new private rented sector (PRS) homes across England by 2021.The partnership will build two-, three- and four-bedroom properties in locations across North East, Yorkshire and the East Midlands, entailing a potential investment of about £800M.Sigma will manage investment and lettings, while Keepmoat will procure the land and take the lead on the design, planning and building processes.Graham Barnet, chief executive of Sigma, said: “I am delighted to announce our partnership with Keepmoat, which has grown out of our previous relationship with them, and our continued expansion in the PRS sector. “We are very pleased that Keepmoat has chosen to work with Sigma in its first development activity in the PRS market, and believe that it underscores Sigma’s success in the PRS sector.”Keepmoat’s chief executive Dave Sheridan said: “This is a significant milestone for our business, and we are proud to be working alongside Sigma to scale-up their PRS growth ambitions.“The partnership will deliver great quality market rented homes alongside our Keepmoat homes for sale, which will allow the pace of housing delivery on strategic sites to be increased, to deliver the Government’s aspirations and provide people across the country with much-needed housing options. There is an inherent need for more housing across the country, and we are looking to tackle the issue head on.”