Real estate developer and manager Oxford Properties Group, alongside partner CT REIT, has submitted a rezoning application for Canada Square to redevelop the 9.2-acre midtown site with a 3 million ft2 mixed-use masterplan in Toronto, Canada.
Citycon has signed an agreement with construction company Skanska for the construction of four residential towers that form a part of the Lippulaiva urban development project in Finland.The four residential towers with four to 14 storeys and 275 apartments will be constructed in the north-western end of Lippulaiva.Construction of the towers will commence in spring 2021 and will be completed at the end of 2022 and the beginning of 2023.This project is considered to be a critical step in the firm’s push to expand its residential business.Eight residential towers, including 550 new apartments, will be built on the project site.On 2 December, the preliminary agreement was signed on selling residential building rights of two towers to construction company Hausia.Skanska is also serving as the primary contractor for the shopping centre part of the Lippulaiva urban development project.The contract agreement regarding the shopping centre was signed with Skanska in October 2019.The total price of the signed contract with regard to the residentials is around €50m with VAT.Citycon property development director Risto Seppo said: “We chose Skanska as our partner on the basis of the received tenders and after the development stage, and we are convinced that by choosing the same construction company as both the builder of the shopping centre and the residentials, we will significantly minimise the risks during construction as well as insure the same high quality.”Skanska district manager Jorma Seppä said: "I am delighted that our cooperation with Citycon also continues on residential buildings. In this diverse entity, we utilize Skanska's expertise extensively, from design and procurement to construction.”Currently, Citycon has undertaken a redevelopment project for Lippulaiva, with the previously demolished shopping centre being replaced with an urban hub that will feature a new and modern shopping centre along with the residential towers and a metro station.The new Lippulaiva project will feature a total of 30,000m2 of residential building space, besides 44,000m2 of commercial space housing around 100 different units such as grocery stores, cafés, restaurants, etc. Citycon chief development officer Erik Lennhammar said: “Lippulaiva is an excellent example of Citycon’s strategy, and we are now taking a big step forward in its implementation.
Kyocera has announced its plans to commence construction of a new research and development centre at its Kokubu campus in Kirishima City, Kagoshima, Japan, in January 2021.
The University of Reading has signed an agreement with affiliates of Commonwealth Real Estate for a long lease of land at the university’s Thames Valley Science Park campus in Berkshire, the UK, for the development of new £200m film studios and creative media campus.
The US-based real estate firm Trammell Crow Company’s (TCC) Phoenix Business Unit, along with its capital partner Clarion Partners, has broken ground of Cowden Logistics Center in Tolleson, Arizona.
UK-based Connected Living London has received approval from the Lambeth Council's Planning Committee for its proposal to deliver 139 new homes for rent.
The University of Plymouth has secured conditional planning approval for its new engineering and design facility, Babbage building, from Plymouth City Council.
Manchester Metropolitan University has announced that the construction is set to begin on the new Science and Engineering buildings in January next year.
US-based construction firm Toll Brothers, through its newly formed joint venture, has secured $160m construction financing for new multifamily development in Washington, DC.
Galleries25 has been appointed by Wigan Council to deliver £130m Galleries Shopping Centre redevelopment in Wigan, UK.
Birmingham City Council has agreed to form a joint venture (JV) with Lendlease Europe, a real estate and investment group, for the development of £1.9bn Birmingham Smithfield project in the UK.
Larsen & Toubro’s construction unit L&T Construction has been awarded contracts for various projects in India.
US-based real estate firm Hines has begun construction on logistics centre in Hamm-Uentrop, Germany.
A joint venture (JV) between Wates Residential and Havering London Borough Council has commenced construction on the first site of the £1.5bn ‘12 Estates’ regeneration programme in London, UK.
The City of Wolverhampton Council has granted planning approval for the construction of a new £17.5m National Brownfield Institute (NBI) in Wolverhampton, UK.
US-based engineering services provider Jacobs has announced the start of construction on a new $186.6m Cyber and Engineering Academic Center (CEAC) at the United States Military Academy.
UK-based battery technologies investor Britishvolt has chosen North East site for the construction of a £2.6bn battery Gigafactory in the UK.
International infrastructure group Balfour Beatty has wrapped up construction on River Landing Shops and Residences, a $298m mixed-use development along the Miami River.
Henry Ford Health System, a US-based non-profit health care organisation, has established a joint venture with Acadia Healthcare to construct a modernised behavioural health facility in Detroit, Michigan.
British property development firm Hammerson has announced that it will construct a build-to-rent scheme at Highcross in Leicester City Centre in association with private rented sector specialist Packaged Living.