Property investor Formal Investments has unveiled plans for a new £75M redevelopment in Glasgow, Scotland.Plans include the construction of a new 12-storey block on Bath Street to include 12,000sq m of office space, the remodelling of a second building that previously housed retailer BHS, and upgrades to a third building on Sauchiehall Street. The properties were acquired by Formal Investments last year.Formal Investments’ director Nicholas King said: “This proposal shows a really exciting vision for an important site in Glasgow city centre and will provide the highest quality environments for retailers and businesses large and small.”The project has been designed by Glasgow practice Stallan-Brand.Stallan-Brand associate Patrick Wilson said: “Formal Investment’s proposed redevelopment presents a unique opportunity to revitalise and transform the quality of the urban environment and public realm in this location, through the creation of new public spaces and improved and more appropriate mixed-use activity.”
Construction is set to start on the new A487 bypass project in North Wales in the second half of 2017.Balfour Beatty and Jones Brothers (Ruthin) have been selected as the design and build contractors for the £90M project, with construction work due to commence following a public inquiry.The 9.8km carriageway will stretch from Caernarfon to Bontnewydd, with work involving the construction of 22 structures including culverts and seven bridges.The project — previously delayed due to wildlife concerns — has now progressed with the Welsh government issuing draft orders, and allowing individuals and organisations to submit objections to the route.The project is currently anticipated to be complete in late 2019.
Farglory Middle East has appointed UAE-based civil construction company Al Fara’a Group as the main contractor for its $1bn Maryah Plaza project in Abu Dhabi.The project, to be located at the waterfront in Al Maryah Island’s new financial free zone, will include the construction of four towers with a mix of residential and commercial space.The first of three 29-storey residential buildings will be complete in 2018, offering a range of homes from one-bedroom apartments to penthouse suites with private swimming pools and terraces.The fourth and largest tower will feature offices, serviced apartments, and a boutique hotel with restaurants, cafes, and shops.Al Fara’a Group president and executive chairman Adel Saleh said: “We are delighted to be working on such a prestigious development on our home turf alongside such dynamic and forward thinking partners.“We understand the importance of Al Maryah Island to the future of the capital and therefore the significance of Maryah Plaza to the Abu Dhabi Vision 2030.”The first phase of the development is expected to be complete in 2018, two years later than originally planned, while the remaining phases are scheduled for completion in 2022.
Larsen and Toubro’s construction unit has secured contracts worth INR14.58bn ($218M) across its various business segments.The company’s power transmission & distribution business has won engineering, procurement and construction (EPC) contracts worth INR6.54bn ($97.8M) in the international and domestic markets.The business has been awarded a contract by the National Grid Saudi Arabia — a subsidiary of Saudi Electricity Company — for the construction of a 132kV double circuit transmission line and a 132kV cabling in the Rafah, Arar, and Sakaka areas of Saudi Arabia.Furthermore, the business has won an order, under the Integrated Power Development Scheme (IPDS), from Kanpur Electricity Supply Co. Ltd. (KESCo). The Urban Electrification project involves the design and construction of new substations and feeders and the upgrade of electricity network of Kanpur city in Uttar Pradesh.The business has also won a contract from Power Grid Corporation of India for the construction of gas insulated substations in Vadodara, Navasari, Pune, and Gwalior cities. The building & factories business has been selected for projects valued at INR5.18bn ($77.4M) in the domestic market.It has won an order from a paint manufacturing company for the construction of a new manufacturing facility in Karnataka. The scope of the project includes civil and allied structural works.Additionally, the business segment has secured a residential project at Bengaluru. The contract includes civil and structural works for the construction of seven towers of G+14 and 11 towers of G+15 with two levels of common basement.The company’s smart world & communication business has won a contract worth INR2bn ($29.9M) from Bihar State Electronics Development Corporation (BSEDC) for the implementation of a wi-fi project in the campuses of government universities, constituent colleges and other premier academic institutions in the Indian state of Bihar.Larsen and Toubro’s other businesses also secured orders worth INR860M ($12.8M) across various ongoing projects.
Dubai-based developer Nakheel has unveiled plans for a new AED16bn ($4.4bn) retail project at Nad Al Sheba in Dubai, UAE.The scope of the project will include the construction of a 112,000sq m shopping, dining and entertainment hub at Nad Al Sheba master community, where 1,500 villas are currently under construction.Nad Al Sheba Mall will feature 47,000sq m of retail space and about 200 shops, restaurants and entertainment outlets including a supermarket, department stores, a multi-screen cinema, and a medical and fitness centre. Nakheel has chosen AE7 to oversee the design, engineering and construction supervision of the project. A construction contract is anticipated to be awarded in the fourth quarter of 2016.Nakheel chairman Ali Rashid Lootah said: “Nad Al Sheba Mall is the latest addition to our rapidly-expanding retail project portfolio, which will see the delivery of 1.2Msq m of leasable space in the next three to five years, adding to the 372,000sq m already in operation. “The mall will be the vibrant centrepiece of our Nad Al Sheba community, providing on-the-doorstep facilities for residents and a new shopping, dining and leisure hub for people elsewhere in Dubai.”
The European Investment Bank (EIB) has approved €100M in financing to support the second phase of the West Metro extension in Espoo, Finland.The funding for the second phase of the extension follows a previous €450M loan provided in 2011 for the first phase of the West Metro, which will enter into service in early 2017.The 7km extended track will add five stations to the line between Matinkylä and Kivenlahti in Espoo.EIB’s president Werner Hoyer said: “Operations like this show that the benefits of the EIB’s operations are quite tangible on the ground.“The mission of the EU Bank is to improve people’s lives through the transactions it performs; I think that helping to improve local public transport is a very good way of doing that. If citizens can travel faster and more comfortably, that improves their lives, even if they don’t always realise it.”Espoo mayor Jukka Mäkelä said: “The West Metro extension in Espoo is not only an investment in public transport but also an investment for the whole area. The West Metro’s growth and development corridor links up the southern part of the city and connects the whole area to the metropolitan area of Helsinki.”
UK-based housing developer Lovell is seeking supply chain partners for its £100M residential project in Cardiff.The Mill — being delivered by a partnership of Lovell, Tirion Group and Cadwyn Housing Association — will include the construction of 800 homes through a seven-year construction programme.Lovell is inviting local construction businesses to find out about the project’s job opportunities at an event in the Cardiff City Stadium.Lovell regional director Kate Rees said: “As one of Wales’ largest regeneration programmes, the Mill will create significant work opportunities for local businesses. “Our supply chain partner event on 8 September will enable new and existing members of our supply chain to find out more and meet our project team. It’s a great opportunity to get involved in this exciting project which will bring much-needed high-quality new-build homes to Cardiff.”Construction work is expected to start later this year, creating over 1,000 jobs. Anyone wishing to attend the event should register in advance at eventbrite.co.uk/e/the-lovell-supply-chain-partner-event-tickets-27048092573.
Nine construction companies have been chosen for the £500M Cambridge University framework scheme. The scheme — part of the university’s £600M capital building project — will include the construction of laboratories, academic spaces, catering, accommodation and sports facilities. The framework is broken down into three value bands: the first being for projects up to £5M, the second for works between £5M–£30M, and the third for projects valued at more than £30M.Balfour Beatty, BAM Construct, Bouygues, Kier and Laing O’Rourke have been selected for projects worth more than £30M. Kier, RG Carter and SDC have been chosen for the second band of projects, and SDC, RG Carter, Quinn, Kier and Conamar will deliver projects up to £5M.Paul Sheffield, managing director of Laing O’Rourke’s Engineering Enterprise, said: “It is great to be able to extend our deep and long-standing relationship with the University of Cambridge. There is a wide range of projects available through the framework and we are excited to be given the opportunity to put our expertise to good use and meet the needs of such a prestigious institution.”The framework will last for two years, with the possibility of a three-year extension.
Saudi Arabia and China have signed a memorandum of understanding (MoU) to build 100,000 homes in Al-Ahsa, Saudi Arabia, Saudi Press Agency reported.The MoU was signed between Saudi’s minister of housing Majed Al-Huqail and Chinese deputy minister of trade Quian Keming. This followed the visit of deputy crown prince Muhammad Bin Salman to China. A memorandum of cooperation was also signed between Al-Huqail and China’s Ningxia region to develop the Al-Asfar outskirts in Al-Ahsa province. According to Saudi’s minister, Al-Asfar District occupies an area of 54M sq m, and the 100,000 houses to be built will include high-quality villas and apartments with different options. In August, Saudi Arabia announced an $800M social housing project in partnership with the private sector.
The Mall of the World shopping complex in Dubai has been relocated to a site on Sheikh Mohammad Bin Zayed Road, according to developer Dubai Holding’s statement. In the new location, the company said, “the project’s positive tourism contribution can be fully realized”.Ahmad Bin Byat, vice chairman and managing director of Dubai Holding, said: “Tourism remains a major part of Dubai’s diversification strategy and Mall of the World will be a critical part of that vision. “Dubai Holding is committed to developing Mall of the World, a major retail and leisure destination in the region, and believes that the new location on Sheikh Mohammad bin Zayed Road, will be an outstanding home for the project, as it will allow Dubai Holding to further expand as needed in the future according to market needs.”The shopping and leisure complex will now undergo extensive planning to become a major retail and leisure destination, according to the statement.The project’s — first announced in 2012 and initially planned to be located on a site in Mohammed bin Rashid City — first phase is expected to be complete before Dubai hosts the Expo 2020 exhibition.Mall of the World includes 745,000sq m of shopping space connected to a theme park, 100 hotels, and apartment buildings with 20,000 rooms.
Wanda Group has announced plans to invest RMB63bn ($9.4bn) to build the new Jinan Wanda Culture, Sports and Tourism City in Jinan, China.The 290ha Jinan Wanda City will be Wanda’s 13th culture and tourism project in the country. The project will include a mall, an outdoor theme park, an ice hockey-basketball stadium, a hotel cluster, and a bar street.The ice hockey-basketball stadium, with a seat capacity of 10,000, will serve as a basketball and ice hockey court. It will have the capacity to host key international sporting events and will serve professional clubs.The 42ha outdoor theme park will feature entertainment facilities equipped with advanced technology.The development will also house three resort hotels — one six-star and two five-star hotels. The project is expected to break ground in 2017, commence operation in 2021 and create 20,000 jobs in the region.
PCL Construction Management has reached substantial completion on the new $278M football stadium project in Regina, Canada.Called the Mosaic Stadium, it marks the first landmark project of the $1bn Regina Revitalization Initiative being undertaken by the city in three phases.The facility will serve as the new home of football team Saskatchewan Roughriders and will have the built-in flexibility to host different sports and entertainment events.It will feature a translucent spectator roof and a general admission lounge on its west side. 68% of the stadium’s seats will be located in the sunken lower bowl, offering unobstructed views of the field.PCL Regina district manager Sean Hamelin said: “The talented and dedicated individuals who worked on site and in support of this project should be extremely proud of what they accomplished. “They worked collaboratively, sharing in the success and setbacks, with a common goal of creating something they can be proud of. They have achieved that goal and created a facility the City and Province can be proud of.”
India-based firm KEC International has secured new energy plant contracts worth INR12.24bn ($182.7M) in India, Thailand and Bangladesh.The company’s transmission and distribution business has secured domestic orders worth INR5.89bn ($88M) from Karnataka Power Transmission Corporation under the Indian government’s ‘Green Energy Corridors’ initiative. It includes the supply and construction of a 400/220kV GIS & AIS substation and a 400kV transmission line at Jagalur, Karnataka, and a 400/220kV Substation and 66kV transmission Line at Gadag, Karnataka.KEC’s transmission business has also secured international contracts worth INR2.16bn ($32.2M). A turnkey order of INR1.73bn ($25.8M) was awarded by the Electricity Generating Authority of Thailand for the construction of a 500kV transmission line on the Thai/Laos border, while an INR430M ($6.4M) contract was awarded by the Power Grid Company of Bangladesh for the construction of 132kV transmission lines.The firm’s railways business has secured orders worth INR2.48bn ($37M) for overhead electrification in India, and its cables business won an INR1.71bn ($25.5M) contract to supply power and telecom cables.KEC International managing director and CEO Vimal Kejriwal said: “We are pleased that we continue to strengthen our order book across various businesses and geographies.“In the Transmission and Distribution arena, the order win in Thailand is a significant step in our pursuit to diversify our geographic spread into the ASEAN region. On the Domestic front, the order wins clearly reflect a strong growth in the intra-state T&D network.“The new order wins in Railways strengthen our belief that the Railway Business is poised for a rapid built-up in order book and revenues.”
Hochtief Building has been awarded a €138M contract to construct an office tower in downtown Frankfurt, Germany.The contract has been awarded by Perella Weinberg Real Estate Fund II and Pecan Development — the project’s developer.The 155m-high tower, named Marienturm, will feature 38 above-grade stories and three below-grade levels, with a gross floor area of 70,000sq m.The plinth levels up to the fifth floor are expected to include a lunch restaurant, a coffee bar, a gym, a child day care centre and conference areas. The project is aimed to achieve LEED Platinum certification.Holger Neumann, head of Hochtief Building’s Frankfurt branch, said: “We are delighted to have won the contract to plan and construct the Marienturm. Hochtief has once again lived up to its reputation as a high-rise specialist.”The project is scheduled to be completed by the end of 2018.
Samsung Group’s battery manufacturing unit Samsung SDI is set to construct an electric car battery plant in Hungary.The KRW40bn ($357M) facility will be able to produce electric batteries for 50,000 vehicles annually. The project — to be located in Goed, at 25km north of Budapest — will allow Samsung SDI to create a triangular production structure along with existing plants in Ulsan, Korea, and Xian, China.Samsung SDI executive vice president Jeong SehWoong said: “By launching construction for the plant in Hungary, we now can set up the global triangular production structure for electric vehicle batteries.“We can especially provide higher quality services to European customers in Europe by generating synergy with SDIBS.”The plant is scheduled to start commercial production in the second half of 2018.
Goodyear (Thailand) is set to invest $162M in the expansion of its factory in Pathum Thani province, Thailand.The expansion project will enable the production of radial aviation tyres.According to Goodyear’s managing director Finbarr O'Connor, the development will help the company’s current market demand as commercial airlines are rapidly converting their fleets to radial tyres from bias tyres.O'Connor further said that the world's aviation fleet is expected to double in size over the next two decades.The expansion will be carried out in three phases, with phase one expected to start operations by 2018. The project will create 100 new jobs.
Galfar Engineering and Construction has secured a contract to build a fishery port and related marine and road works at the Special Economic Zone in Duqm, Oman.The contract has been awarded by Duqm Special Economic Zone Authority (SEZAD), and is valued at OMR60.69M ($157M).The project will include dredging and land reclamation works, construction of breakwaters, quay walls and concrete floating pontoons with berthing facilities.The facility will anchor a world-scale Industrial Fisheries Cluster at Duqm, and, once finished, is set to be the largest fish harbour project in the country. Construction work is expected to be complete in 30 months.
London and Quadrant Housing Trust (L&Q) has received approval for the development of a mixed-use project in Whitechapel, East London.Whitechapel Central, designed by architectural firm Stockwool, is set to transform the former Safestore facility into a ‘new urban quarter’.The project — to be located on a site near Whitechapel’s Crossrail station — will include the construction of 564 homes, 149 of which will be affordable.It will also feature 3,500sq m of commercial space and storage facilities, as well as shops, a gym and a cafe.L&Q’s group director of development and sales Jerome Geoghegan said: “The Whitechapel Central development will be an excellent contribution to the area masterplan and regeneration of Whitechapel.“We are very pleased to be granted approval to progress these exciting plans to create much needed high-quality residential and commercial space in London.”Work on the project is set to start in early 2017, with first completions on site expected in 2018.
MidAmerican Energy Company has secured approval from the Iowa Utilities Board to construct a 2GW wind project in Iowa, US.The project, known as Wind XI, will include 1,000 wind turbines. Wind XI will consist of multiple sites across Iowa, which are still being finalised. The wind sites will be placed into service over a three-year period.MidAmerican Energy president and CEO Bill Fehrman said: “This is an exciting day for our customers, the state of Iowa and MidAmerican Energy. We thank the board for its support and for moving quickly to deliver this ruling.“Wind energy helps us keep prices stable and more affordable for customers, provides jobs and economic benefits for communities and the state, and contributes to a cleaner environment for everyone.”Construction work is set to commence soon with completion scheduled for the end of 2019.
Bouygues Construction subsidiary Bouygues Travaux Publics has begun work on phase one of Monaco’s offshore urban extension project.The €1bn maritime development — part of the Portier Cove land reclamation project, which is being led by Monaco-based company SAM Anse du Portier — will include the construction of an eco-neighbourhood primarily consisting of housing, public facilities, a public car park, and an extension to the Grimaldi Forum.It will also include a marina with pedestrian wharves, a landscaped park, a seafront promenade and a walkway.Bouygues will use a fill enclosed by a band of 18 trapezoid reinforced concrete caissons — 26m tall and weighing 10,000t each — equipped with absorption chambers in the project’s construction.These precast units will help reduce breaches by strong swells and protect the exposed areas.Bouygues Construction chairman and CEO Philippe Bonnave said: “We are very pleased to have the opportunity to take part in the development of the Principality of Monaco by way of this new land reclamation project which will create six hectares of habitable space, meeting the highest ambitions with respect to sustainable development and environmental protection.”The eco-neighbourhood is targeted to achieve many recognised environmental certifications, including HQE Aménagement, BREEAM and the Clean Ports label.