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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.
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.”
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.
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.”
The £44M Cardiff University Brain Research Imaging Centre (CUBRIC) will be opened on June 7 by Her Majesty the Queen.The centre, built by construction company BAM, will be home to a combination of neuroimaging equipment unique in Europe, including Europe’s most powerful brain scanner, the Siemens 3 Tesla Connectom MRI System, and a specially adapted MRI scanner of which there is only one other in the world, at Harvard University.Professor Derek Jones, director of CUBRIC, said: “This is the culmination of a huge amount of hard work by many people over several years and I would like to thank everyone who played their part in creating this remarkable facility.“The combination of the very best staff in their field and some of the most powerful scanners in the world has the potential for breakthroughs that could make a real difference to people’s lives around the world. “It will be a very special day for us all and a real honour to share it with Her Majesty The Queen and His Royal Highness The Duke of Edinburgh.”CUBRIC, set to support innovation in world-class brain imaging research, will be four times larger than the University’s existing brain research facility.
Etera Mutual Pension Insurance Company YIT, Onvest and Fennia Mutual Insurance Company have signed an agreement to deliver the Mall of Tripla and its parking facilities in Helsinki as a joint venture. The €600M development will have a leasable floor area of about 85,000sq m for a total of 250 tenants and a parking facility with space for 2,300 cars. The construction commences with Tripla, which will include office space, apartments and a hotel in addition to the shopping mall and the parking facility. The construction project also covers the Pasila station and the adjacent public transport terminal.
Brooklyn Brewery is expanding its operations by constructing a new brewery, headquarters and rooftop restaurant and beer garden at the Brooklyn Navy Yard’s Building 77 in New York.Brooklyn Brewery, which opened its first brewery 20 years ago in Williamsburg, will lease a total of 700sq m of the building, which is now undergoing an $185M refurbishment. The revamp of Building 77 will transform 9,300sq m of storage space into a manufacturing, tech and design hub. Brooklyn Brewery’s CEO Eric Ottaway said that in addition to the Navy Yard site, the company is hoping to build a large brewery in Staten Island to handle production that is now done in Utica, New York. The brewery will maintain its brewing operations in its original site in Williamsburg, Brooklyn, until its leases expire in 2025.Ottaway added that the company is hoping to extend that lease beyond 2025 and maintain a presence in Williamsburg.Brooklyn Brewery will produce 50,000 barrels annually and will employ 124 people, with the long-term goal of creating an additional 100 jobs. Upon completion in early 2017, the development will create a total of 3,000 jobs.
US-based developer Edens has secured an approval from the Boston Redevelopment Authority Board to develop a $200M mixed-use project in Boston.The 6,500sq m development, located near to Edens’ South Bay Center in Boston’s Dorchester neighbourhood, will feature 1,050sq m of restaurants and shops, a 12-screen AMC Theatre with IMAX, a flagship Wahlburger’s, a 130-room hotel, and two parking garages. The developer will also collaborate with Mill Creek Residential to develop 475 multi-family units, which will be in a mix of studios and three-bedroom apartments.During construction, Edens also plans to revamp the 4,000sq m South Bay Center.<iframe src="https://timetric.com/c/UUWD56W/chart/" style="width:500px;height:350px;border:0;" frameborder="0" scrolling="no"></iframe>
The 35m-deep foundation for a $300M mixed-use complex in Sri Lanka is nearing completion.Designed by Gensler and developed by ITC Limited subsidiary WelcomHotels Lanka Private Limited, the complex will include about 350 rooms on 25 floors in the first phase, over 130 luxury residences on 50 floors comprising master penthouses, penthouses, four-, three- and two-bedroom apartments, banqueting and cuisine experiences, as well as retail and serviced office spaces.The project, named ‘ITC One, Colombo 1’, will generate direct employment for around 800 people and indirect employment for another 400 people in its various components. WelcomHotels Lanka managing director Arun Pathak said: "The ITC One, Colombo 1 is a very exciting development, creating an international icon for Colombo, offering the best international quality in hospitality and residences."It truly represents the splendour of gracious living. It is set to be an employment-multiplier and will undoubtedly become a vibrant symbol of Sri Lanka’s resurgent economic growth."
Honda Motor Company has completed construction and inaugurated its new plant located at Rojana Industrial Park in Prachinburi, Thailand.The 214,000 sq m facility has been developed with an investment of THB17.15bn ($484.6M) and has a production capacity of 120,000 units annually. The new plant is equipped with Honda’s highly-efficient and environmentally-responsible production technologies — introduced at Honda’s Yorii Plant in Japan — and will serve to enhance the company’s capability to deliver quality products for customers in Thailand and across the world, says the manufacturer.Honda Motor president, CEO and representative director Takahiro Hachigo said: “Thailand has increased its presence as one of Honda’s production hubs by supplying products and components not only for the home market but also for the world including ASEAN nations, which drive our global sales growth. “I am committed to making certain that the role of Thailand will become even more valuable with the completion of this all-new Prachinburi factory with full advantage of Honda’s newest production technologies.”The plant currently has 1,400 employees.
The University of Maryland has unveiled plans to redevelop several existing businesses into a mixed-use development.The $110M project will feature 300 luxury apartments and will also serve and enhance the amenities available to a community of more than 50,000 students and university staff.It involves collaboration between Bozzuto, Willard Retail, and the University of Maryland College Park Foundation, the entity that will acquire the property in early 2017. Bozzuto president and CEO Toby Bozzuto said: "We are grateful to have been selected to develop this wonderful project with the University of Maryland College Park Foundation, the University of Maryland, the City of College Park, Prince George's County, and Willard Retail."The combination of our previous experience developing Monroe Street Market with Catholic University and the strength of our partners will create a community to complement the university's ongoing redevelopment efforts in downtown College Park. This is a rare opportunity to develop a project with transformative potential and we are proud of our stake in this extraordinary collaboration."
UK-based Springfield Properties has received planning approval from Perth and Kinross Council for a 3,000-home community .The £1bn project, named Bertha Park and located in Perth, covers an area of 333ha. Bertha’s first phase, likely to commence in 2017, will be assessed by a committee next month and will include 1,100 new private, affordable and retirement homes. Springfield managing director Innes Smith said: “We are delighted with today’s decision. This is a big step forward in a 30-year project and the result of five years of planning and design in partnerships with Perth and Kinross Council. “We have set our sights on delivering an exceptional place for people to love and work and we are excited to be bringing Springfield’s award winning homes to Perth. We are on track to start building in 2017, initially creating around 450 new jobs and supporting many more.”The development is expected to create more than 2,000 new jobs in the region.
Bryn Mawr Hospital has broken ground on the $200M patient pavilion in Bryn Mawr, Pennsylvania.The project will include an 18,500 sq m patient pavilion, two new medical/surgical telemetry units, a new intensive care unit, 12 new operating rooms, and renovated maternity and delivery rooms. The building will be erected in the centre of the campus, taking the place of the Clothier Building and Medical Office Building South. Bryn Mawr Hospital president Andrea Gilbert said: “The campus master plan and modernisation project builds upon Bryn Mawr Hospital's long-standing history of providing exceptional, leading-edge health care in our community.“This investment is evidence of Main Line Health and Bryn Mawr Hospital's continuing promise to deliver personalized, advanced care in a comfortable, contemporary setting.“A treasured community teaching hospital for more than a century, the next iteration of Bryn Mawr Hospital envisions a physical space that matches the patient-centered, quality-driven care that remains core to our mission.”
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