Braeburn Estates, a joint venture between Canary Wharf Group and Qatari Diar Real Estate Investment Company, has broken ground on the £1bn Southbank Place mixed-use development at London's Shell Centre tower site.The Shell Tower will anchor the development that will feature five residential buildings and two buildings for business use.Canary Wharf Group said that 80% of the apartments, equating to 800 units, in five buildings are already sold. The two business buildings will total up to 530,000sq ft. Southbank Place will also house 48,000sq ft of retail outlets, restaurants and cafés.The project is expected to create over 13,000 construction and supply chain jobs in total and when completed, Southbank Place is expected to employ over 6,000 workers.Canary Wharf Group CEO Sir George Iacobescu said: "This is an area that has long been neglected, but will offer the best of all worlds, from the bustling culture of the South Bank to some spectacular views of the most recognised landmarks in the Capital, the Houses of Parliament and Big Ben."Southbank Place is also playing a major role in the development of the local community by creating new jobs, providing affordable housing and stimulating the growth of local businesses through our South London Procurement Network initiative."Construction work is slated to be complete by 2019.
Construction has started on phase one of the £107m Warrington Time Square regeneration project that will transform the centre of the UK town into a contemporary marketplace. The development will house a Cineworld Cinema, a new 42,000sq ft market hall, restaurants, retail units, new council offices, a 1,100-space multi-storey car park and a new public square. The new 25,000sq ft retail shell will temporarily house the town's market while the £10m market hall is built.During the construction phase, about 400 workers will be employed and when completed, Warrington's Time Square regeneration project will create 400 new permanent jobs in the leisure, retail and hospitality sectors.Steve Green, director for the North West region at Gleeds, which is providing cost management services to the project, said: "We are really excited to see work begin on the Time Square development and believe the project is pivotal in regenerating and revitalising Warrington town centre."Not only will Time Square create hundreds of jobs for the community and help boost the local economy, it also will help attract inward investment to the region."The project, undertaken by Muse Developments and Warrington & Co. on behalf of Warrington Borough Council, is expected to be completed in 2019.
A joint venture between Italian infrastructure group Salini Impregilo and Australia's NRW Pty Ltd. has secured a contract worth AUD1.176bn ($898m) from the Public Transport Authority of Western Australia to design, build and maintain the Forrestfield-Airport Link in Perth, Australia.The underground passenger rail line project will connect the eastern suburbs of the city with an existing suburban rail network as well as the airport. It will measure 8.5km in length, of which 8km will be underground.The JV will bore twin tunnels for the entire length of the line and build three stations. Parking spaces and new and expanded bus feeder services will also be built. The rail line will be tunnelled underground from a junction near Bayswater Station, under the Swan River and the airport.Western Australia’s premier Colin Barnett said: "This is a huge milestone on the path to delivering this project, which will change the face of Perth's eastern corridor and give people direct access to the airport by public transport."Early work worth AUD370m ($281m) comprising geotechnical work, contract management and land purchases is already underway. Work at the site is scheduled to begin shortly, and the line is expected to open in 2020.
UK-based property developer Nikal has received planning approval to build a £100m 603-unit residential project in Birmingham, UK. The development, known as Exchange Square, will be located between Birmingham's central business district and Eastside City Park, close to the proposed HS2 railway terminal in Birmingham City Centre.Designed by Stephenson Studio, the development will feature a range of one- and two-bedroom units alongside a small number of studios, and will be built across three blocks of 27, 16 and nine levels.It will also include 27,500sq ft of ground floor retail and leisure space; 186 car parking slots; a 5,000sq ft members' club-style hub and a landscaped rooftop garden covering over 20,000sq ft.Nikal’s managing director Nick Payne said: "Exchange Square is a development of both regional and national importance due to its location within a major area of investment and regeneration right next door to the proposed HS2 terminal."Now that planning consent has been secured we are in a position to bring forward the first phase of what we are sure will be an exemplar scheme for Birmingham's residential market."Construction work is expected to begin in mid-2016, with completion of the first block scheduled in 2018 and the final block before the end of 2019.
Royal Bam Group subsidiary Wayss & Freytag Ingenieurbau has secured a contract for the construction of a €220m subway tunnel in Frankfurt. The 2km double-track tunnel will be built in the city centre, in the new Gateway Gardens district.The cut and cover tunnel will be about 11m wide and 6m high. Wayss & Freytag Ingenieurbau will move approximately 900,000 sq m of land and will process 180,000 sq m of concrete.Gateway Gardens is a new development situated close to Frankfurt Airport and houses offices, service areas, hotels, conference and exhibition spaces,, and restaurant and retail facilities.The Gateway Gardens Tunnel is expected to be operational at the end of 2019.
European Investment Bank (EIB) has approved a loan worth £280m to the University College of London (UCL) for the development of its Bloomsbury and UCL East campuses.UCL is investing £1.25bn over 10 years to implement its Transforming UCL programme, which includes the development of two campuses as well as other projects across London.The 30-year loan follows the investment of £25m in January in the new UCL Technology Fund by the European Investment Fund, part of the EIB group.The project in Bloomsbury is worth about £740m and will include the refurbishment and expansion of Bartlett School of Architecture, which will house nearly 1,000 staff and students. Construction of a new student centre is also set to start this year.The loan will also finance the construction of UCL East university's new campus at the Queen Elizabeth Olympic Park in east London.UCL East’s first phase is due to be finished during the 2019/20 academic year.EIB’s vice president Jonathan Taylor said: "This new £280m 30-year loan represents the largest ever EIB backing for investment at a European University, and reflects the EIB's commitment to strengthen the local and global role of leading universities."
Britain’s Network Rail has assigned two separate contracts worth £90m for the final stage of the Reading and Paddington signalling system, and for the signalling power works between Paddington and Hayes & Harlington.
The Land Transport Authority (LTA) of Singapore has awarded two civil contracts worth about SGD334m ($248.8m) for the construction of Amber and Bedok South stations in Singapore. Woh Hup Limited has secured a SGD146m ($108.7m) contract for the construction of Amber station, while the Bedok South Station and associated tunnels were awarded to China Jingye Engineering Corporation Limited in a contract worth SGD188m ($140m).Bedok South station will serve as the sixth Civil Defence shelter along the East Coast stretch of Thomson-East Coast Line (TEL).The 13km-long East Coast stretch of the 43km-long TEL will connect commuters living in the eastern parts of Singapore who are not directly served by the rail network, such as those in Tanjong Rhu, Siglap, Marine Parade, Upper East Coast and Bedok South.The East Coast stretch will have nine stations, including a station that interchanges with the Downtown Line at Sungei Bedok.The project will be completed in two stages, with the first seven stations, from Tanjong Rhu to Bayshore, expected to be ready in 2023 and the remaining two due to be completed in 2024.
North Point Global has begun construction work on a £200m project to transform Liverpool’s Chinatown. Designed by BLOK Architecture, the project to revamp Europe’s oldest Chinese community will include the creation of 850 new homes, 150,000 sq ft of new commercial and retail space, and a new hotel.The commercial and retail space will house China-based businesses, and a significant number of units have already been bought by Chinese businesses seeking a foothold in the UK.North Point global chairman David Choules said: "From the outset we wanted this scheme to be an authentic Chinese development that brought new commercial energy and entrepreneurialism into the heart of an historic Chinatown."This is not only something unique in the UK, it will be something unique outside China itself."Phase 1 of the Chinatown’s transformation will be built by BILT Group and Scottish Power and is expected to be complete before the end of 2017, while the entire project is slated to be complete in 2019.
UAE-based real estate developer Sobha Group and the government of Umm Al Quwain have signed an equal stake joint venture to develop an AED25bn ($6.8bn) tourism resort on Al Sinniyah Island.The project, called Firdous Sobha, will feature a luxury seafront villa community, hotels and resorts, apartments, boutique shops, an 18-hole golf course, a water sports centre and a wellness spa.Located on Al Seniyah Island, along with Khor al-Beidah, the development will cover a total land area of 53m sq ft.Sobha’s Group founder and chairman PNC Menon said: "Our latest project announcement represents our commitment to the UAE."In line with our aim to fully leverage the opportunities present in this highly dynamic market, we have partnered with Umm Al Quwain Government, and are jointly to transform the island into a world class destination and a hot spot for iconic properties."By combining our capabilities and expertise, we are confident ‘Firdous Sobha’ will be a proud testament to our commitment to quality."
The government of New Zealand is set to invest NZD278m ($193.7m) to upgrade the State Highway 2. The project will take place between Pokeno and the SH25 intersection and will include the widening of 32km of the original road into three lanes, with two of them reserved for traffic heading west towards Auckland.In addition to the extra lane, a new roundabout will be built and four interchanges separating state highway and local traffic will be constructed.It will also be future-proofed, allowing the road to become four lanes if required.Work is set to start on the design, consents and property purchase for a long-term overhaul of the road that will be carried out in five stages over several years.New Zealand transport minister Simon Bridges said: “These upgrades will help ease congestion and improve journey predictability, making a huge difference for the local community, the freight industry and for people travelling north after a weekend on the Coromandel.”Construction work is anticipated to start in 2017/18.
Israel-based construction firm Shikun & Binui has selected the Noy Fund and the TSK Group to build the Ashalim thermo-solar power plant in Israel. Noy Fund and the TSK Group will replace Abengoa as constructors of the solar power plant. However, Abengoa will continue to serve as one of the project's sub-contractors in a limited capacity.The plant is expected to generate 110MW of power that will be sold to the Israel Electric Company under a 25-year deal, beginning once the plant becomes operational.Some of the world’s most advanced technologies will be used in the power plant, including an energy storage facility that will enable electricity production to continue uninterruptedly, even during cloudy days and at night time.During the construction phase, the project will employ hundreds of engineers, technicians, construction workers and service providers.The project, estimated to cost $1.1bn, will continue to move forward in line with its original timetable with completion expected in 2018.
UK-based student accommodation developer Unite Students has purchased a development site in Liverpool that has planning permission for 713 student bedrooms. The site is in a prime city centre location next to Unite’s Grand Central property and is in close proximity to the University of Liverpool and Liverpool John Moores University.The facility is anticipated to offer a home for more than 1,000 students.The total cost of the development, including the land, is expected to be about £70m.Unite Students managing director of property Richard Simpson said: “We are delighted to have acquired this site in Liverpool for delivery in 2019 to add to our existing portfolio in the city.“We will continue our progress on our secured pipeline in regional locations with strong student markets.”The new development is set to be ready in time for the 2019/20 academic year.
Construction firm Morgan Sindall has commenced construction work on a £70m project to transform Lambeth’s Town Hall and civic buildings in the UK. Morgan Sindall’s scope of the work will include the refurbishment of the Grade II listed Brixton Town Hall to create a more open and accessible building for residents and local businesses.The project also involves the demolition of some buildings to the rear, reinstatement of the original atrium with a new roof, and the installation of new lifts, doors and windows.Further, it will include basement modifications to offer new office space and upgraded community facilities.In addition, a new energy efficient civic facility is being built with a customer centre and council offices. The new six-storey building will offer 11,000 sq ft of office space.Morgan Sindall is also improving Buckner Road and Porden Road to ease traffic congestion.The work on the project is set to be completed in 2018.
China-based Sun Paper is set to invest more than $1bn in a bio-products mill in Arkadelphia, Arkansas. The mill will be the company’s first facility in North America and will be located in the heart of Arkansas' timber industry, where 18.8m acres of its area are covered by forests. The facility will convert wood into pulp to be used for paper production.The project will create more than 2,000 direct jobs during construction work Once operational, the mill will employ 250 people directly and generate an additional 1,000 indirect jobs in the timber industry.Arkansas governor Asa Hutchinson said: "The fact Sun Paper is investing more than $1 billion in south Arkansas speaks volumes of their confidence in our workforce and pro-business environment."This is among the largest private investments in the state's history and the impact will be felt for generations. Thanks to Sun Paper for choosing Arkansas as the location for its first North American facility."Construction is expected to start in the first half of 2017 and production is scheduled to begin in late 2019.
An alliance between Lendlease, CPB Contractors, WSP Parsons Brinckerhoff, Aurecon and Metro Trains Melbourne has secured a contract for the $1.6bn Caulfield to Dandenong Level Crossing Removal Project in Australia. The project will see the removal of nine dangerous level crossings, the construction of five new stations and the upgrade of signalling and power. It will also transform lengthy rail and rocks into new parks, paths and open space.Along with the 65 new high-capacity metro trains, the project will create space for 11,000 extra passengers to catch the train on Melbourne's busiest rail line.Victoria’s treasurer Tim Pallas said: "The project to eliminate these congested death traps is about to begin, and 2,000 jobs are about to be created."This project will deliver more room, on more trains to carry more people on Melbourne's busiest rail line. It's needed now, and we're not going to waste a day - we're going to get it done."
Clean energy company Invenergy has broken ground on the $1.2bn Lackawanna Energy Center (LEC) in Jessup, Pennsylvania. The environmentally-friendly facility is being built on a site that is located on the far side of the highway and set behind a tree line, minimising visibility and noise.LEC will be equipped with GE's latest technology, and will generate fewer emissions due to the high-efficiency combustion turbines. The combined-cycle facility will maximize the usage of the heat from natural gas as fuel, increasing efficiency.Kiewit Power Constructors has secured the construction contract for the 1,500MW power plant, which will employ up to 800 construction workers during the construction peak. The energy centre is expected to be operational in 2018 and will then create 30 full-time jobs.
DAMAC Properties has announced that its $1.3bn luxury hotel and serviced residences, DAMAC Towers by Paramount Hotels & Resorts, in Dubai has been topped out. The company also stated that 60% of the façade work of the four-tower complex has been completed, with the interior fit-out progressing steadily.Each tower of DAMAC Towers by Paramount Hotels & Resorts will stretch more than 250m into the air, with ten podium levels and 58 additional storeys. Three of the four towers will have, in total, 1,200 luxury serviced residences.The fourth tower, the Paramount Hotel, will feature more than 800 rooms and suites, along with a lobby with a coffee lounge and chocolaterie. It will also include a reception area, featuring 360-degree floor-to-ceiling digital walls and a wide range of eateries.Paramount Hotels & Resorts chairman Ghassan Aridi said: "This is a much-anticipated achievement for us, as it will be the world's first-ever Paramount Hotel and Paramount Residences, and it will also represent the premiere of the Paramount Hotels & Resorts brand in the UAE."Dubai has built a reputation as a leisure destination, with impeccable service standards and lifestyle offering. DAMAC Towers by Paramount Hotels & Resorts will seamlessly combine the timeless Hollywood glamour of the movie industry with Dubai style."The towers are expected to be completed in 2017.
E.ON has entered into an equal stake partnership with Norwegian energy firm Statoil to build the €1.2bn Arkona offshore wind farm.
Oman’s Minister of Housing Sheikh Saif bin Mohammed Al Shabibi has signed two housing contracts worth OMR75,97m ($197m). The first deal involves setting up infrastructure for a new residential area in Liwa in the Governorate of North Al Batinah, while the second agreement is related to providing consultancy services for preparing the necessary studies and detailed layouts for the new urban complex at Al Najd area in the Wilayat of Thumrait in the Governorate of Dhofar. The new agreements include water, irrigation, rainwater discharge, sanitary drainage, electricity and communication networks. Earlier, the agreement for levelling the site and roads for the new residential area in the Wilayat of Liwa was signed for more than OMR25m ($65m), and included the construction of roads that connect the residential districts and the service road parallel to the current Al Batinah road.