Transatlantic BDR (TBDR) and the Tema Metropolitan Assembly (TMA) backed by Ghana’s government have entered into a long-term structured partnership to develop a $6.5bn oceanfront leisure project in Tema.The project will include a 60,000-seat FIFA-certified football stadium along with commercial, retail and residential mixed-use accommodations targeting cross-border corporations and regional companies.It will also improve the ailing infrastructure of the region. Infrastructure investments will include new roadways, a light rail system expansion, renewable energy, and a 6G wireless communication network.TBDR CEO Uduak Udofia said: "This privately-funded partnership with the Ghana government marks an aggressive outlook taken by the part of officials to establish the country as an international destination, not just for leisure but for global qualified investors and entrepreneurs to participate in the region's fast-paced economic growth. TBDR is cultivating a diverse partner and investor base for optimal success.”
Developers Ashfield Land and local house builder Kirkwood Homes have submitted plans to Aberdeenshire Council for a new £150m mixed-use development.The site for the proposed construction is located five miles north of Aberdeen. It was allocated for future development in the 2012 Aberdeenshire Local Development Plan (LDP). If approved, the plans will bring to life the Blackdog Masterplan that was approved by the council in 2013, calling for a new town centre with business space and substantial additional housing.Ashfield Land and Kirkwood Homes have been refining the proposals since late 2015, and after detailed consultation with local residents and community representatives.The proposed development will include the construction of a new town centre, with around 600 homes, including 150 affordable homes, to accommodate around 2,100 residents.It will also include offices, industrial accommodation, a regional food hall, a supermarket, a petrol station, a hotel, a cinema, shops, a park and ride facility and also a primary school.Subject to Aberdeenshire Council’s approval, construction will begin in early 2017 and will be delivered in partnership with major stakeholders including Aberdeenshire Council and the local community.The project is expected to create 1,200 jobs during construction and 1,500 full time jobs after completion.
Novo Nordisk, a healthcare company, has started construction on its new $1.8bn diabetes medicine production facility in Clayton, North Carolina.The construction site is located next to the company’s existing 457,000 sq ft Clayton facility, which has been expanded several times since its inception in 1996. The new plant will measure 833,000 sq ft and have a footprint of 417,639 sq ft.Upon fully operational in 2020, the facility will produce active pharmaceutical ingredients (API) for a range of Novo Nordisk's current and future GLP-1 and insulin medicines.It is anticipated that the project will require to 2,500 construction workers at its peak, and will create nearly 700 new permanent jobs.Novo Nordisk president and CEO Lars Rebien Sørensen said: "As the prevalence of diabetes has grown in the US, so too has the demand for effective treatments."It gives me great pride to break ground on our new facility site in Clayton where we have an existing, strong organization. This site will play a vital role in enabling us to meet the needs of people living with diabetes in the US for years to come."
Taiwan Semiconductor Manufacturing (TSMC) has signed an agreement with the municipal government of Nanjing, China to invest $3bn in building an advanced silicon wafer plant in Nanjing.The new facility in Nanjing’s Pukou Economic Development Zone will have a capacity to manufacture 20,000 12-inch semiconductors, or wafers, per month. The investment would also support the construction of a design service centre.TSMC chairman Morris Chang said: “With our 12-inch fab and our design service center in Nanjing, we aim to provide closer support to customers as well as expand our business opportunities in China in step with the rapid growth of the Chinese semiconductor market over the last several years. “We look forward to stronger collaboration with our customers to further expand our market share in China.”
Construction work is set to start next month on a £800m new community development in Aberdeen after the UK government pledged £86m in funding for the project.The project, which received in principle planning approval from Aberdeen City Council in October 2014, will be built by Stewart Milne Group over 15 years. Work will involve the construction of new housing, schools, healthcare and parks at the Countesswells site. Mobilisation and compound facilities will commence this month, with infrastructure works expected to begin in April. The first homes are expected to be available later in 2016. The project is anticipated to create 1,000 construction jobs.Stewart Milne group managing director homes John Slater said: “Countesswells is an important project that will deliver a vibrant new community for Aberdeen that will include three new schools, medical facilities, leisure, retail, commercial & business accommodation and a wide range of homes, from first time buyer apartments and young family homes to townhouses and executive villas, all contributing to Aberdeen’s attractiveness as a place in which to live and work.”
The analysts at Timetric's Construction Intelligence Center report on the current state of the UK housing market, and what's to come.
Emirates Aluminium Rolling (Emiroll) is set to invest about AED440m ($119.7m) for the construction of an aluminium rolling plant in the Khalifa Industrial Zone Abu Dhabi, UAE.Emiroll is a joint venture between Dubal Holding with a 35% stake, Dubai Investments with a 30% holding, and Singapore-based industrial group MARS with the remaining 35% stake. The plant, spread out on 900,000 sq ft of land, will be used to manufacture 65,000 tonnes of aluminium coils annually, comprising 45,000 tonnes of cold-rolled and 20,000 tonnes of hot-rolled aluminium for applications in downstream industries.Construction of the plant will commence soon, with the facility expected to be operational by the third quarter of 2017.Dubal Holding CEO Abdulnasser Bin Kalban said: “Dubal Holding has kept its focus firmly on a diverse growth strategy, and this joint venture with Dubai Investments and MARS for Emiroll aims at creating new demand for aluminium in the rapidly-growing downstream industries across the region. “Dubal Holding’s stake in Emiroll is a significant milestone in its growth plans, as it seeks to strengthen its presence in aluminium sector globally.”
Larsen & Toubro’s (L&T) construction division has secured several contracts worth INR32.05bn ($480m) across its various businesses.Of these, INR20.18bn ($302.2m) worth of contracts have been awarded to the company's buildings and factories business.These include a contract from a Mumbai-based developer for a turnkey high-rise residential project. The scope of the contract will include civil, structural, mechanical, electrical, plumbing and finishing works for six towers, each rising 55 to 60 floors.The business has also secured additional orders from several existing customers for the development of commercial and residential spaces.The power transmission and distribution business has won contracts worth INR7.1bn ($106.3m).In the company's domestic Indian market, the business has secured a turnkey contract from Powergrid Southern Interconnector Transmission System to build a 400kV double circuit transmission line linking Cuddapah to Madhugiri, as well as another contract from Power Grid Corporation of India for the construction of a 765kV double circuit transmission line at Cuddapah.In the international market, Larsen & Toubro (Oman) has secured a turnkey contract from Oman Electricity Transmission Company to build 400kV reactor transformers and associated works at Sur and Izki substations.
Arabtec Construction has won a contract worth AED1.7bn ($462m) from the UAE federal government to build villas for UAE nationals in Mohammed Bin Zayed City, Fujairah.The scope of the contract will include the construction of 1,100 villas on a 215-hectare plot, including 300 five-room villas, 700 four-room villas, and 100 villas for widows or small families.The project will have a total built-up area of 430,000 sq m. Construction work is expected to commence immediately and will be completed in about two-and-a-half years.Arabtec Holding acting CEO Saeed Mohamed Al Mehairbi said: “We are proud that the Ministry of Presidential Affairs has chosen Arabtec to execute this project of national importance.”
Brookfield Multiplex has been selected as the main contractor for Dubai-based real estate developer Omniyat’s One at Palm Jumeirah project in Dubai.The AED2bn project ($544.5m) project will include the construction of a 107,795 sq m building, comprising 23 floors.The building, located at the first plot on the trunk of Palm Jumeirah, will include 90 luxury apartments designed by Tokyo-based interior designer Super Potato. The apartments will incorporate high quality materials, finishes, joinery, kitchens, walk-in closets and bathrooms.The project will be divided vertically into three cores, with each core offering access to a maximum of two apartments per floor.The base of One at Palm Jumeirah will feature three swimming pools, a private yacht club, spas, gym, library, private cinema as well as landscaped areas designed by Vladimir Djurovic.The LEED Silver project is expected to be completed within two years.
Toshiba has announced plans to build a new semiconductor fabrication facility in Japan’s Mie prefecture.The new Fab 2 building will be built on land adjacent to the Yokkaichi Operations memory production complex in Mie prefecture. It will be used for expanded production of the company’s proprietary 3D flash memory product brand Bics Flash.Production requires needs a new clean room with dedicated equipment for the 3D process. The new facility will initially offer this space following its completion in the first half of fiscal 2016.The construction and equipment investment for the project is estimated to cost about JPY360bn ($3.2bn). The investment will take place from fiscal 2016 to fiscal 2018. Final decisions on the construction timeline and facility investment will be made in fiscal 2016, with production due to start in 2018.
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.”
Larsen & Toubro’s (L&T) construction division has secured contracts with a combined value of INR16.72bn ($248.3m) across various businesses.The company’s building and factories business has won contracts worth INR9.67bn ($143.6m). These include an EPC contract for a multi-storied residential project in Lucknow, Uttar Pradesh, India. The scope of the contract, awarded by UP Avas Vikas Parisad, will include civil, structural, mechanical, electrical, plumbing and finishes. The business has also secured a turnkey contract from a Mumbai developer to build a multi-storied residential building and retail space. The scope of the work will include civil, structural, mechanical, electrical, plumbing as well as finishes.L&T’s power transmission and distribution business has won contracts valued at INR5.8bn ($86.1m) in the international markets. These include an EPC contract in Ethiopia for construction of a 400/230/15 kV substation, as well as three 230/15 kV substations at various locations. The project, awarded by Ethiopian Electric Power, has secured financing from the French Development Agency.The business has also received another EPC contract in South East Asia to build a high-voltage substation.In addition, L&T Construction’s Water & Effluent Treatment Business has secured order worth INR1.25bn ($18.6m).
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.
Plans have been unveiled for a casino and deluxe destination resort in East Taunton, Massachusetts.The project, dubbed First Light, is estimated to cost $500m. Work will be carried out in phases, with phase one involving construction of the casino, restaurants, entertainment and retail offerings. This phase is expected to be completed by the middle of next year.Plans for other phases will include the construction of three hotels, a parking garage, as well as a water park.The project is being financially backed by the Genting Group of Malaysia. It is also anticipated to create at least 1,000 construction jobs, and about 2,600 permanent jobs.The project is expected to break ground by April, subject to state approval.
Tutor Perini has won contracts from Related Companies and Oxford Properties Group for the construction of 15 Hudson Yards (Tower D) and The Shops & Restaurants (Retail Complex) at Hudson Yards in New York.The construction value managed by Tutor Perini for the two projects is worth about $1.2bn.The 70-storey, 960,000 sq ft 15 Hudson Yards building will be the first residential building at Hudson Yards. Expected to open in 2018, the building will feature 391 for-sale and rental residences, along with other amenities including an Equinox Fitness Club, and social and entertaining venues.The seven-storey Retail Complex will cover 1m sq ft area. The property, expected to open in 2018, will be home to The Shops & Restaurants at Hudson Yards.Tutor Perini Building Group executive vice president and CEO Craig Shaw said: “We are proud to be working with Related and Oxford on the Hudson Yards development, the largest privately funded development project in US history, and we are pleased to continue our work on the newest Hudson Yards buildings currently under construction.”