Green Valley Real Estate has announced plans for a AED500M ($136M) residential project in Marrakech, Morocco.The 410,000sq m development, called ‘City of Green Valley-Marrakech’, is located 11km from Marrakech city centre and will feature 350 residential villas with 100,000sq m of green spaces.It will also include restaurants, cafes, a supermarket, a spa area, health clubs, swimming pools, bars and sports courts.Green Valley Real Estate owner and general manager, Ali Saeed Al Salami said: "We are privileged to announce the project in Marrakech. "Aside of being a state-of-the-art and cutting edge project, it also offers excellent growth potential for investors looking for substantial return on their investment in Marrakech."This is a luxury project and offers amazing investment opportunities in the city, which is otherwise considered a perfect tourist destination."The project follows the completion of developments in Turkey, UAE and other parts of the Middle East.<iframe src="https://timetric.com/c/TT4M9NW/chart/" style="width:500px;height:350px;border:0;" frameborder="0" scrolling="no"></iframe>
Weston Homes plans to transform the Denham Film Laboratories into a new £120M residential development in Buckinghamshire, UK.The Grade II-listed Art Deco building was originally part of the Denham Film Studios, where Oscar-winning films were processed and then screened to the directors.The development, which will adopt the Denham Film Studios name, will involve the conversion of the main laboratory and head office building into 224 homes —154 one-, two- and three-bedroom apartments and 70 four- and five-bedroom family townhouses — along with a cinema and a community hall/fitness space. The new properties are set to be designed around garden squares, landscaped grounds, rill water features, private gardens and protected woodland complete with parking and garaging. The cinema — once used to screen movies to Hollywood directors such as Stanley Kubrick, Ridley Scott and Steven Spielberg — will be renovated and turned into a cinema theatre and club for residents.Bob Weston, chairman and chief executive officer of Weston Homes, said: “For almost 80 years the Denham Film Studios played a central role in the history of Hollywood and British movie making. “With its iconic Art Deco centerpiece, the retained and restored cinema once used by Hollywood directors and its illustrious history this is without doubt the most exciting, glamorous and unique restoration projects Weston Homes has undertaken to date. “Our vision at the Denham Film Studios is to create an Art Deco and movie inspired residential address within easy commuting distance of London via rail or road.”The project will formerly launch in Spring 2017 and prices are anticipated to range from £350,000- £1,500,000.
UK-based Wates has begun construction work on the new £45M Redrock Stockport leisure and retail development.The development is part of Stockport Council’s £1bn ‘investing in Stockport’ programme and was marked with a ground-breaking ceremony.Redrock Stockport will feature 7,000sq m of leisure, retail and restaurant space that includes a 360-space NCP multi-storey car park and a ten-screen cinema.Eamonn Boylan, chief executive at Stockport Council, said: “I am thrilled that we have reached this landmark stage on Redrock Stockport, and that our vision of transforming this area of the town centre is becoming a reality. “The new cinema, restaurants and retail units will bring a new vibrancy to this area of our town centre making a great place to visit and spend time.”Wates and Stockport Council are ensuring that local SMEs are involved in the project and that on-site training and employment opportunities are created.Wates Construction North West business unit director, Tony Shenton said: “There is an anticipation growing for Redrock Stockport and for good reason; it is going to become a great asset for the town, the economic benefits of which will keep on building. “As with all of our projects, employing a local supply chain will be a key part of our delivery of Redrock Stockport, as will our ongoing engagement with and support of neighbouring businesses.”
UK-based Bericote Properties has unveiled plans for a £150M warehouse project in St Helens near Liverpool, UK.The proposed industrial and distribution warehouse development will be located off junction 23 of the M6 at Haydock, covering a total area of 130,000sq m.The project will feature sheds, office space, car parking, as well as a new highway providing access to the adjacent Haydock industrial estate.Bericote believes that the project will be well placed to take advantage of the Liverpool Superport initiative, under which the Liverpool City Region, Peel Ports and others are investing £1bn in freight and logistics around the Port of Liverpool. Bericote’s development director for Manchester office Keith Wilson said: “Bericote is proud to be bringing forward plans for this significant employment development in Haydock, creating a lasting legacy of jobs and investment for St Helens.”Construction work is expected to commence in early 2017.
Menter Newydd has been selected by Horizon Nuclear Power to build the £14bn Wylfa Newydd nuclear power project in Anglesey, UK.Menter Newydd, a specially created joint venture, includes Hitachi Nuclear Energy Europe, Ltd., Bechtel Management Company, Ltd. and JGC Corporation (UK) Ltd. Horizon’s CEO Duncan Hawthorne said: “This is an important step in any large, complex infrastructure project and it adds to Wylfa Newydd’s growing momentum.“The depth and breadth of expertise Hitachi Nuclear Energy Europe, Bechtel and JGC bring to the Menter Newydd venture will help us ensure the timely delivery of our project, which will be vital for meeting the UK’s energy gap and boosting the local economy in North Wales for decades to come.“We look forward to working with the team and continuing to make great strides with our plans.” Work on the site is continuing to advance and the UK ABWR remains on track to complete its regulatory generic design assessment by the end of 2017.
Hyflux and Mitsubishi Heavy Industries (MHI) consortium’s project company TuasOne Pte Ltd has secured project financing for TuasOne waste-to-energy plant in Singapore.The project company has secured a SGD653M ($472.7M) 27-year loan facility, which will be utilized to fund the development, its construction and start-up costs.The project financing is provided by DBS Bank, Malayan Banking Berhad Singapore Branch, Mizuho Bank Ltd and The Bank of Tokyo-Mitsubishi UFJ Ltd, which are the underwriters and book-runners for the facility.DBS Bank Ltd, Maybank Kim Eng Securities Pte Ltd, Mizuho Bank Ltd and The Bank of Tokyo-Mitsubishi UFJ Ltd were the lead arrangers in the project financing.
Germany-based KfW IPEX-Bank is providing a loan worth €104M to the French energy provider Neoen to support the construction of energy projects in France.The projects include a 30MWp photovoltaic (PV) facility and two wind farms with a total capacity of 46MWp.German manufacturer SolarWorld is providing the modules for the PV plant, which is being built in the Tarn department in southwestern France, while German wind farm manufacturer Enercon and the Danish company Vestas are supplying the equipment to the Bussy Lettrée and Raucourt II wind projects in northeastern France. Neoen corporate finance director Charlie Canevet said: “We are happy to be working with KfW IPEX-Bank again on our new projects in France. For our global activities in the field of renewable energies, we partner with dependable banks with proven structuring expertise.”The plant will be completed soon and the two wind farms are expected to be operational by the end of 2016.
The state government of Queensland has announced the environmental approval for the AUD347M ($251.1M) Sunshine Coast Airport runway expansion in Australia.The expansion project will include a new 2,450m by 45m wide east-west runway, capable of servicing aircraft such as the Airbus A330, Boeing 787 and Boeing 777.It will also include proposed changes to airspace and flight paths, two end taxiway loops, navigational aids and expansion of the existing apron, an air traffic control tower and aircraft rescue and fire-fighting services station.Queensland minister for state development and natural resources and mines Anthony Lynham said: “This project opens up the region to more national and international destinations such as Singapore and Perth and has the potential to bring almost half a million more visitors a year to the coast by 2040.“Most importantly, this will generate 1,500 more ongoing jobs by 2040, more than 80 construction jobs and an estimated $140 million-plus boost to regional economic activity during construction.“That represents business opportunities for local construction, manufacturing and professional services companies in the region.”
Laing O’Rourke has been appointed the main contractor by Intu for the £178M Intu Watford shopping centre extension in UK. The project will add an extra 37,000sq m to the existing centre, extending the retail and leisure site to 130,000sq m.According to Intu, a 12,000sq m Debenhams store will be at the heart of the extension, along with a nine-screen Cineworld cinema. Catering names such as Las Iguanas, Byron and Cabana have also been confirmed for the mall. Rebecca Ryman, regional director of Intu, said: “Our £178m extension of Intu Watford will transform the centre into a contemporary shopping experience providing a fantastic place to shop, eat and play. “It will massively strengthen Intu Watford as a destination which retailers want to invest in and our visitors enjoy.”Liam Cummins, head of UK Construction at Laing O’Rourke said: “We are delighted to be continuing to develop our partnership with Intu, and look forward to delivering this transformational retail project for Watford."
US-based Blackbaud has unveiled plans to construct a new global headquarters on Daniel Island in Berkeley, South Carolina.The $150M project, to be built by Holder Properties, will include a 33,000sq m eco-friendly campus and is expected to create 300 additional jobs over the next five years.Construction work on the project will commence in late 2016 and is anticipated to be complete in two phases. Phase one of the new campus is expected to be complete by 2018.South Carolina governor Nikki Haley said: “Since 1989, Blackbaud has been a terrific member of the South Carolina family, and this new expansion speaks to the company’s commitment to our state and its people.“The 300 new jobs created by this initiative are a milestone, not only for our Lowcountry community, but also for our state as a whole.”
Korea Gas Corporation (KOGAS) has inked an agreement with Indonesia-based PT Perusahaan Daerah Pertambangan dan Energi South Sumatra to build a 363km gas pipeline.Under the $600M contract, KOGAS will construct a 245km gas pipeline in South Sumatra, Indonesia and another gas pipeline, measuring 118km, in Bali. It will also operate and provide the project’s maintenance services over a 30-year period.KOGAS aims to conduct a feasibility study and assess the results before making a decision whether to proceed with the project.Established in 1983 by the Korean government, KOGAS operates four LNG regasification terminals and 4,440km of natural gas pipelines in South Korea.
TCL subsidiary China Star Optoelectronics Technology (CSOT) is set to start construction on a Gen 11 LCD panel fabrication plant in Shenzhen, China.Expected to cost RMB50bn ($7.8bn) the facility will produce extra-large high-resolution flat panel displays targeting 45", 65" or even larger LCD TV markets.Upon completion, the new production line will exceed BOE’s Gen 10.5 — which commenced construction in December 2015 in Anhui Province — in terms of generation and investment.Currently, CSOT has three production lines, namely T1, T2 and T3, producing small and large LCD panels for TVs, smartphones and tablets.
Construction has started on the $750M Greenleigh at Crossroads mixed-use development in Baltimore, Maryland.Greenleigh at Crossroads, part of Baltimore Crossroads development, will feature 1,000 single-family units and townhomes, 500 multifamily homes, three mid-rise Class A commercial office buildings covering 28,000sq m, 12,000sq m of single-storey office space, 11,000sq m of retail and a 120-room SpringHill Suites by Marriott hotel.The project will be delivered by St. John Properties, Somerset Construction Co. and Elm Street Development.St. John Properties has started construction on one of the office buildings, and is set to commence construction on the hotel in late 2016.Elm Street Development will soon commence construction of the single-family homes and townhomes, with models anticipated to be ready in early 2017.Somerset Construction is set to start work on The Berkleigh, a 317-unit luxury apartment community, in late 2016.
A joint venture between Jacobs Engineering and Aurecon has secured a contract to carry out the engineering design of the AUD5bn ($3,6bn) WestConnex New M5 Project in Australia.The New M5 motorway, the largest section of the WestConnex project, will link to the upgraded King Georges Road Interchange on the existing M5 East Motorway at Beverly Hills and run via twin tunnels to St Peters.The project, which is being delivered by the CPB Contractors-Dragados-Samsung joint venture, is set to double the M5 East corridor’s capacity, improving travel times and reliability for the 100,000 motorists that use the route daily.Three-dimensional design and building information management (BIM) systems are being implemented to design and document elements of the project in order to assist with the coordination and integration of design with other parties.Jacobs’ senior vice president of buildings and infrastructure Patrick Hill said: “We are very proud to be contributing to such a globally significant project, one that is set to have a positive impact on Sydney’s road network for many years to come.”
A platform for streamlining progress payments on construction jobs has been introduced to the UK this week at the Royal Institute of British Architects.The cloud-based platform, ProgressClaim.com, has been specifically designed for the construction industry, helping users — contractors, subcontractors, stakeholders and consultants — to work on and administer payments claims collaboratively.According to the company, the tool makes the currently difficult and out-dated process of submitting and approving progress claims easier, while reducing contract administration management costs by up to 50%, saving time and improving risk control with regards to the Security of Payments Act.First launched in Australia, ProgressClaim.com enables contractors and sub-contractors to provide details about how much work has been completed and how much is to be paid, allowing payments to be on time without potentially resulting in a dispute. Additionally, documents can be shared between organisations in real time so that users have a single view of the status of the project and are on the same page, reducing the need for spreadsheets, email trails and phone calls.Automated reminder emails can be sent to submit claims and approvals, with documentation produced and delivered instantly by email.Progressclaim.com CEO Lincoln Easton said: “Payment practices in the construction sector are problematic and time consuming. We believe our cloud-based platform helps to ease the pain. “The take-up of our easy-to-use software among tier one contractors and sub-contractors in our home market of Australia has exceeded our internal expectations since we launched a little over a year ago. Clients are increasingly being drawn to the speed, accuracy and transparency, which Progressclaim.com offers. “With the UK market exposed to a similar set of challenges, we are confident we can replicate the success we are enjoying in Australia over here, and in the process help bring the traditional payments model into the digital age.”To use the platform subcontractors pay a subscription of £30 a month, while main contractors will pay a licence fee based on the scale and complexity of the activities covered by the software.
Construction begins on Trans Adriatic Pipeline (TAP) to supply natural gas from the Caspian Sea to Europe.TAP, part of the $45bn Southern Gas Corridor project, will transport natural gas from the giant Shah Deniz II field in Azerbaijan to Europe.The 878km pipeline will connect with the Trans Anatolian Pipeline (TANAP) at the Turkish-Greek border at Kipoi, crossing Greece and Albania and the Adriatic Sea and coming ashore in Southern Italy.TANAP, which includes the European leg of the Southern Gas Corridor, is a gateway project that will deliver 10bn cubic metres annually of new Caspian gas supplies to Europe from 2020.TAP’s managing director Ian Bradshaw said: “Today’s event marks a major milestone for the Trans Adriatic Pipeline, our shareholders and for the energy landscape of Europe.“After winning the bid in 2013 and working diligently to prepare for this moment, we are delighted to have started constructing the pipeline — a strategic project for Europe transporting new sources of Caspian gas via a new route commencing in 2020 and for years to come.”
UK-based Galliford Try’s building division has been selected as preferred bidder for two student accommodation projects worth £102M in the UK.The unit has been awarded a contract by Newcastle University to build the new £62M Park View Student Village. The project will include the replacement of the existing 1970s buildings in Richardson Road, Newcastle and the construction of 1,279 study bedrooms across six buildings, ranging from four to ten floors, along with a new energy centre.The second contract awarded by Regents Godiva will see the construction of a new £40M project for Coventry University. Located at Godiva Place, the 24,500sq m development will create a 770-bedroom facility along with support facilities and a car and cycle parking for students.Galliford Try CEO Peter Truscott said: "We are delighted to have been chosen by Newcastle University and Regents Godiva to deliver such significant schemes."Higher education is a key sector for us and our success here in being selected for these contracts is a reflection of the capability we have demonstrated in producing high-quality accommodation and housing for a range of clients across the country."
United Technologies has started construction on a new $115M technology centre in Palm Beach Gardens, Florida.The new UTC Center for Intelligent Buildings will serve as the global corporate headquarters for UTC Climate, Controls & Security, a unit of United Technologies.The 21,000sq m facility will feature the latest United Technologies products, along with integrated systems and interactive displays from brands such as Carrier, Otis, Automated Logic, Chubb, Edwards, Kidde and Lenel.In addition, the building will also serve as a high-tech, modern workspace for UTC employees and members of the Otis Americas regional headquarters team.UTC Climate, Controls & Security president Bob McDonough said: "Today, we move one step closer to delivering a first-of-its-kind destination for both the global building community and our neighbours right here in Palm Beach County."This center will serve as a living showcase, demonstrating the latest building technology and pioneering new concepts that will help our customers meet their needs efficiently, sustainably and intelligently."
UK-based developer Peabody has submitted planning applications to the London Borough of Bexley to create new homes in South Thamesmead, London.The £500M project will also see the construction of a new high street along Harrow Manor Way that connects South Thamesmead and Abbey Wood station.The detailed planning application for Southmere Village will see the construction of over 500 new homes, a library, cafes and shops, a lakeside square and outdoor space.The company has also submitted three outline planning applications for Binsey Walk, Coralline Walk and Sedgemere Road. These include the development of about 1,000 homes, landscaped areas, a central square, a public plaza, community gardens, cafes and a new pedestrian route.Peabody’s CEO Stephen Howlett said: “Thamesmead is a special part of London with huge potential for the future.“The creation of 1,500 new homes and a new high street as part of the Abbey Wood and South Thamesmead Housing Zone, together with the arrival of Crossrail means we also have the opportunity to create hundreds of new jobs and attract new business."Peabody is committed to working with local residents to create the dynamic and thriving place where people aspire to live, work and visit.”
US-based Parsons has secured a contract to provide feasibility studies and preliminary design services for an AED6.4bn ($1.74bn) sewer project in Dubai.Under the contract awarded by Dubai Municipality, engineering, construction, technical, and management services firm Parsons will provide services for two deep wastewater tunnels and associated link sewers.The company’s services include the feasibility studies, the preliminary design, the tender preparation and support, along with programme management of the detailed design and construction phases, and supervision of the construction phase of the primary tunnels and pumping station.The tunnels, with a combined length of more than 70km, will cover the key catchments of Deira and Bur Dubai, supported by about 140km sewerage links and pumping stations.Upon completion, the project will eliminate over 100 pump stations across the city that presently transfer wastewater to treatment plants in Al Warsan and Jabal Ali.Parsons Group president Mike Walsh said: “This project is significant to Dubai Municipality and its role in the development of Dubai as a global city.“Parsons has extensive success managing complex and challenging wastewater projects around the world; we look forward to providing our services to Dubai Municipality.”