Gammon Construction, an equal stake joint venture of Balfour Beatty, has secured a contract worth HKD1.6bn ($206m) from Hysan Development Company to build the Lee Garden Three project in Causeway Bay, Hong Kong.The project will involve the construction of 20 levels of Grade A offices sitting atop a five-storey retail podium of shops and a range of food and beverage establishments. It will feature a five-level basement, with about 200 parking lots.Owned and developed by Hysan, Lee Garden Three project will be built on the former site of Sunning Plaza and Sunning Court. It will be part of Hysan’s cluster of commercial buildings in Causeway Bay, fronting Hysan Avenue.The company will use latest construction technologies such as Building Information Modeling, 4D modeling and 3D scanning to enhance the project’s environmental friendliness and construction efficiency.The project is scheduled to be completed in late 2017.Gammon CEO Thomas Ho said: “We are delighted to have been selected by Hysan as the construction partner of this redevelopment project. Our team is committed to delivering maximum efficiency, a smooth running project and minimal disruption to the public.”
Aldar Properties has launched Yas Acres in Abu Dhabi, a residential development worth AED6bn (about $1.63bn).Yas Acres will be built on the northern shores of Yas Island. It will feature range of two- to six-bedroom villas and townhouses.The development will have 1,315 villas. Villa clusters will include landscaped parks, running and cycling tracks, community pool areas along with playgrounds, sports facilities and barbecue areas.A full length nine-hole golf course and member's country will be at the centre of the development. Running the full length of the development along either side of the golf course will be the Royal Oak comprising four- to six-bedroom luxury villas with golf, park and sea views.Yas Acres will also feature five mosques, two schools, a retail centre, a full service ADNOC petrol station, a yacht club and marina. When completed, the development will be able to house 15,000 residents. Aldar Properties CEO Mohamed Khalifa Al Mubarak said: "Yas Acres is compelling for investors looking to buy into the steady returns and future growth of the well-established Yas Island community."The new development is also exciting for those who want to buy a family home to live in and aspire to the luxury lifestyle amenities that define Yas Island living."We have designed a complete, sustainable community and are confident buyers will be eager to gain access to these new quality homes."
Brookfield Multiplex, an Australia-based contracting and development company, has signed an AUD1bn ($756m) construction contract with Chinese property developer Dalian Wanda and its partner Ridong Group to build a Jewel hotel and apartment complex on Australia’s Gold Coast.The three-tower construction project will house more than 500 residential apartments, basement parking, a 169-room five-star hotel and high-end retail and dining precincts.The Jewel project is slated to be opened in early 2019.During construction phase, the Jewel complex is set to create more than 2,700 jobs and another 500 post-construction jobs for ongoing operations and maintenance.Queensland Acting Premier Jackie Trad said: “Once opened in early 2019, the Jewel will be Australia’s largest hotel and residential complex, and such a significant investment from China’s private sector shows the value the international market places on this booming tourism hub right here in Queensland.
The Mashpee Wampanoag Tribe is set to break ground on First Light Resort & Casino in Taunton, Massachusetts, with an estimated cost of $1bn.The project will cover around 151 acres within an industrial park at 61R Stevens Street.The 150,000 sq ft casino will feature 3,000 slot machines, 150 gaming tables and 40 poker tables; food court, international buffet, two fine dining restaurants, center bar with lounge and stage, and a 24-hour café; 10 retail stores; 300-room luxury hotel with spa, large pool, roof terrace, and six event/meeting spaces; 300-room mid-range hotel with its own 200-seat 24-hour restaurant and 15,000 sq ft event centre; 300-room family 'water park' hotel with a 25,000 sq ft indoor/outdoor water park and an additional 500 surface parking spaces and 3,980 parking spaces in a parking garage.Construction will take place in four phases. The first phase of construction is slated to be completed by summer of 2017. The hotels, parking garage and water park will be built out through 2022.Mashpee Wampanoag Tribe's destination resort casino will create 1,000 union construction jobs during the building phases. The project will eventually bring over 2,500 permanent jobs to Taunton. Additionally, the resort casino will provide an estimated $120m in economic benefits to Taunton through payroll and opportunity for local business.The First Light Resort & Casino project is being backed by Malaysia-based casino operator Genting Group.
Goodman Group has commenced the second stage of development of the $1.5bn Goodman Business Park in Chiba Newtown, Japan.
UAE-based Engineering Contracting Company (ECC L.L.C.) has secured a contract worth AED687m ($187m) from Dubai Islamic Bank (DIB) to build the Badr Project Phase 1 on a DIB-owned land in the UAE. The project forms part of a self-contained residential community that includes five distinct zones with apartment buildings, as well as a number of villas and other community buildings and recreational facilities.DIB said that the Badr project will have a Mediterranean theme, inspired by elements of Andalusian, Spanish and Italian architecture.With a total built-up area of 13.8m sq ft, Badr Project will be developed across five phases. First phase will have a built-up area of 2.2m sq ft and is anticipated to be completed by 2018.Phase 1 is located centrally within the overall project adjacent to a central park with mixed-use and retail facilities. DIB managing director Abdulla Al Hamli said: “Following a thorough tender process to identify the right construction partner, we selected ECC L.L.C. as the lead contractor to bring the Phase 1 of this project to completion. “With regard to Badr, we are confident that given its location, quality of project, attractive price points, it will be high on the priority list of investors.”
Westminister Council has approved a £1bn plan to redevelop the Whiteleys shopping centre in west London.A joint venture between a Meyer Bergman-advised fund and Warrior Group has submitted a planning application to Westminster City Council redevelop the former Whiteleys department store in Bayswater.Designed by Foster + Partners, the mixed-use project will include more than 500,000 sq ft of homes and shops built behind the existing 1911 facade.It will include the construction of more than 100 homes, a mixture of apartments and townhouses. These will be arranged around an inner courtyard with new retail units, a boutique hotel, gym and other enhanced leisure facilities, including a new cinema at basement level.
Transatlantic BDR (TBDR) and the Tema Metropolitan Assembly (TMA) backed by Ghana’s government have entered into a long-term structured partnership to develop a $6.5bn oceanfront leisure project in Tema.The project will include a 60,000-seat FIFA-certified football stadium along with commercial, retail and residential mixed-use accommodations targeting cross-border corporations and regional companies.It will also improve the ailing infrastructure of the region. Infrastructure investments will include new roadways, a light rail system expansion, renewable energy, and a 6G wireless communication network.TBDR CEO Uduak Udofia said: "This privately-funded partnership with the Ghana government marks an aggressive outlook taken by the part of officials to establish the country as an international destination, not just for leisure but for global qualified investors and entrepreneurs to participate in the region's fast-paced economic growth. TBDR is cultivating a diverse partner and investor base for optimal success.”
Construction work is set to start next month on a £800m new community development in Aberdeen after the UK government pledged £86m in funding for the project.The project, which received in principle planning approval from Aberdeen City Council in October 2014, will be built by Stewart Milne Group over 15 years. Work will involve the construction of new housing, schools, healthcare and parks at the Countesswells site. Mobilisation and compound facilities will commence this month, with infrastructure works expected to begin in April. The first homes are expected to be available later in 2016. The project is anticipated to create 1,000 construction jobs.Stewart Milne group managing director homes John Slater said: “Countesswells is an important project that will deliver a vibrant new community for Aberdeen that will include three new schools, medical facilities, leisure, retail, commercial & business accommodation and a wide range of homes, from first time buyer apartments and young family homes to townhouses and executive villas, all contributing to Aberdeen’s attractiveness as a place in which to live and work.”
Birmingham City Council has revealed details of the £500m Birmingham Smithfield redevelopment project.Spanning 14 hectares, the development will include over 300,000 sq m of commercial floor space, as well as 2,000 new homes in a mix of two-, three- and four-bed apartments.The project will also feature new squares, parks and gardens, retail markets, leisure facilities, cafes, independent shops, restaurants and hotels, buildings for cultural events, and pedestrian boulevards. It is expected to create 3,000 jobs in the region.Birmingham City Council chief executive Mark Rogers said: “Birmingham Smithfield will have a transformational impact that capitalises on the area’s unique heritage and focus for markets.“It will radically enhance the city’s retail, visitor and residential offer, as well as unlocking the growth potential of a much wider area.”
Developer Ballymore has received funding from British property investor M&G Real Estate for the construction of the £200m Three Snowhill development in Birmingham, UK.The office development, which will cover an area of 420,000 sq ft, is due to be the largest ever speculative city centre office project built outside London.The property will feature 385,000 sq ft of office space, 35,000 sq ft of retail and leisure space, accommodating nearly 4,000 workers.BAM Construction was appointed as preferred contractor for the project in June 2015. The project is expected to be completed at the end of 2018.Ballymore CEO Sean Mulryan said: “Ballymore is delighted to announce a start on the third and final phase of our Snowhill scheme. “Working with the city, our funding partner, M&G Real Estate, and our main contractor, BAM, we will deliver a landmark building and the final element of what is one of the largest and most prestigious commercial developments in central Birmingham.”
Larsen & Toubro’s (L&T) construction division has secured contracts with a combined value of INR16.72bn ($248.3m) across various businesses.The company’s building and factories business has won contracts worth INR9.67bn ($143.6m). These include an EPC contract for a multi-storied residential project in Lucknow, Uttar Pradesh, India. The scope of the contract, awarded by UP Avas Vikas Parisad, will include civil, structural, mechanical, electrical, plumbing and finishes. The business has also secured a turnkey contract from a Mumbai developer to build a multi-storied residential building and retail space. The scope of the work will include civil, structural, mechanical, electrical, plumbing as well as finishes.L&T’s power transmission and distribution business has won contracts valued at INR5.8bn ($86.1m) in the international markets. These include an EPC contract in Ethiopia for construction of a 400/230/15 kV substation, as well as three 230/15 kV substations at various locations. The project, awarded by Ethiopian Electric Power, has secured financing from the French Development Agency.The business has also received another EPC contract in South East Asia to build a high-voltage substation.In addition, L&T Construction’s Water & Effluent Treatment Business has secured order worth INR1.25bn ($18.6m).
Ground has been broken on the first phase of the £400m Kirkstall Forge mixed-use project in Leeds, UK.Located on 57 acres, the development will include 1,050 new homes, 300,000 sq ft of office space, as well as 100,000 sq ft of retail, leisure and community space. Wates will serve as the project’s principal contractor. Phase one of the project will involve the creation of a Grade A office building, covering an area of 110,000 sq ft. The seven-storey building is expected to be ready for occupation in the third quarter of 2017.With the ground breaking, Zenith, a leasing, fleet management and vehicle outsourcing business, has signed a pre-let agreement to occupy a new flagship headquarter office building at the development. Under the deal, the company will occupy over 45,000 sq ft net over the three upper stories that include a roof level meeting room suite.In addition, developer CEG has announced plans to relocate its northern office to the new development. The developer will occupy nearly 10,000 sq ft on the ground floor, with the remaining ground floor and three remaining floors of 18,500 sq ft each to be made available to the market.CEG director Jon Kenny said: “Kirkstall Forge is unique, it will deliver fresh, sustainable new ways of living and working amongst acres of green space in a wooded riverside setting. With schools, contemporary housing, restaurants, cafés and light-filled offices, it will provide the vibrancy of city life as well as the tranquillity of the outdoors.“Ultimately, this will not only be an ambitious and innovative development for Leeds, but will establish a new benchmark for office developments across the rest of the UK.”
Plans have been unveiled for a casino and deluxe destination resort in East Taunton, Massachusetts.The project, dubbed First Light, is estimated to cost $500m. Work will be carried out in phases, with phase one involving construction of the casino, restaurants, entertainment and retail offerings. This phase is expected to be completed by the middle of next year.Plans for other phases will include the construction of three hotels, a parking garage, as well as a water park.The project is being financially backed by the Genting Group of Malaysia. It is also anticipated to create at least 1,000 construction jobs, and about 2,600 permanent jobs.The project is expected to break ground by April, subject to state approval.
Tutor Perini has won contracts from Related Companies and Oxford Properties Group for the construction of 15 Hudson Yards (Tower D) and The Shops & Restaurants (Retail Complex) at Hudson Yards in New York.The construction value managed by Tutor Perini for the two projects is worth about $1.2bn.The 70-storey, 960,000 sq ft 15 Hudson Yards building will be the first residential building at Hudson Yards. Expected to open in 2018, the building will feature 391 for-sale and rental residences, along with other amenities including an Equinox Fitness Club, and social and entertaining venues.The seven-storey Retail Complex will cover 1m sq ft area. The property, expected to open in 2018, will be home to The Shops & Restaurants at Hudson Yards.Tutor Perini Building Group executive vice president and CEO Craig Shaw said: “We are proud to be working with Related and Oxford on the Hudson Yards development, the largest privately funded development project in US history, and we are pleased to continue our work on the newest Hudson Yards buildings currently under construction.”
Henry Boot Construction, a UK-based construction firm, has been selected as the main contractor by the Barnsley council for the Better Barnsley town centre redevelopment project.
Taubman Centers has revealed plans for a $500m renovation of Beverly Center in Los Angeles, US.
Construction work has commenced on the first phase of the new multi-billion dollar Miami Worldcenter mixed-use urban development in Florida, US.
Bharat Heavy Electricals (BHEL) has won a contract to build a main plant package for the 2x800MW Uppur Supercritical Thermal Power Project (TPP) in Ramanathapuram district of Tamil Nadu, India.
South Korean steelmaker POSCO has signed an agreement with Iranian steelmaker Pars Kohan Diar Parsian Steel (PKP) to build a $1.6bn steel mill in southeastern Iran.