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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.
UK based housebuilding company Keepmoat has announced that the housing development Mandale Park in Stockton is nearing completion after 11 years.In 2004, the Mandale Estate compromised 578 homes, half of which were unoccupied, as well as three retail units and a community centre. Stockton Council, Barratt Homes, ISOS Housing and Keepmoat Homes entered into an agreement to transform the area building 891 new homes, 641 of which were to buy and 250 available for rent.The project, which entailed an investment of £120m, also includes the £1m Allison Trainer park, named in honour of the councillor who played a pivotal role in bringing the investment to the area.Keepmoat North East regional managing director Richard Bass said that prior to the redevelopment properties on the estate were sold for an average of £13,500 and that now new homes on the estate are reaching prices over £150,000. Keepmoat has built 445 new dwellings as part of the £90m regeneration scheme.Construction of the 333 Barratt Homes created 945 jobs, 95% of which were filled by local people from within a 10-mile radius of Thornaby.Barratt Homes North East managing director Mike Roberts said: "In 2004, the Mandale Estate was in a dire state of repair, with almost half of the 578 units of residential accommodation in the area unoccupied."Since then however, it has been amazing to see the regeneration of not only the estate, but of the area as a whole, not to mention the annual benefit to the local economy of £1m in council tax and over £6m in spend in local shops."Now out of the 333 properties we have built, there are only two left to purchase, and there is now a fantastic community of happy homebuyers on the site. We are really proud of what we have managed to achieve and the positive impact this has had on the area."
The Georgia Institute of Technology and John Portman & Associates (Portman) have unveiled plans for the Coda collaborative building in Tech Square, Atlanta.Estimated to cost $375m, the 750,000 sq ft mixed-use development is being designed by Portman in order to achieve the primary goal of bringing research and commercialisation together.The development will have 620,000 sq ft of office space, half of which will be occupied by Georgia Tech, and nearly 40,000 sq ft of retail space, including the adaptive reuse of Crum & Forster building, which will become a local gathering place and outdoor living room for Tech Square and Midtown Atlanta.The development will also include an approximately 80,000 sq ft data centre, which Next Tier HD has been selected to operate.Coda will be programmed around high performance computing modelling, simulation and a sustainable innovation ecosystem, integrating the existing assets of Tech Square with new opportunities in interdisciplinary research, commercialisation and sustainability.The project is expected to create 2,100 construction jobs and 2,400 jobs onsite after completion. Portman Holdings’ CEO Ambrish Baisiwala said: "We're excited to develop Coda, encompassing collaborative office space, co-working and research facilities, a high performance computing centre and interactive community space, collectively enhancing the innovation ecosystem created by Georgia Tech and Midtown."
A joint venture between San Jose Contracting and Pivot Engineering & General Contracting has won the main construction contract for Mamsha Al Saadiyat, a residential development in Abu Dhabi.The AED1.25bn (about $340m) project will be the first residential development within the Saadiyat Cultural District. It will feature nine low-rise residential buildings with a total of 461 units, 414 of which will be apartments ranging from one- to four-bedroom apartments, as well as five-bedroom duplex penthouses and 47 townhouses. Each penthouse will have a private swimming pool and terrace, as well as a modern kitchen, two living rooms and a dining room. There will be accommodation for maids and drivers as well.The gross floor area of the apartments will range from approximately 106–454 sq m, while the townhouses will range from approximately 227–315 sq m.The entire project will also include a serviced-apartment building and a retail destination offering approximately 5,000 sq m of leasable area for both retail and dining outlets.The townhouses, ranging in size from two to three bedrooms, will be located on the ground floor of each building, with some having a roof garden.Work on the development's foundation has already been completed by Nael & Bin Harmal Hydroexport (NBHH) and included excavation, shoring, dewatering and piling works.Mamsha Al Saadiyat will be developed in phases, and is expected to be complete in the second half of 2018.
Long Beach city, in California, has secured funding for its $513m Civic Center P3 project.The project involves the creation of a new civic centre designed with a high seismic resiliency, an 11-storey, 270,000 sq ft city hall, an 11-storey, 237,000 sq ft port headquarters building, a two-storey 92,000 sq ft main library, a 73,000 sq ft civic plaza, and new underground parking with 469 spaces.It features a central utility plant and a three rooftop solar array system to meet 25% of energy needs of the civic centre, and a 4.9-acre revamped city park. Furthermore, plans are on for a future project featuring up to 580 homes, a retail space and up to 200 hotel rooms.Long Beach’s mayor Robert Garcia said: "We are excited to see this deal move forward and to meet the goals set by the city three years ago when it embarked on the Civic Center P3 procurement."I'd like to congratulate and thank our city council, city staff, our partners, and the Plenary led consortium that helped us to reach this important milestone."The Plenary-led consortium includes co-developer Edgemoor Infrastructure and Real Estate, Johnston Controls, Clark Construction, and Skidmore Owings & Merrill. The city's advisors include p3point, Arup, HOK, BAE Urban Economics, MBI, Sheppard Mullins, KNN and Kutak Rock.
RioCan Real Estate Investment Trust (RioCan), along with Embassy BOSA, has broken ground on the $500m Fifth and Third East Village project in Calgary.The 2.8-acre project site is located in the East Village area of downtown Calgary, Alberta. The mixed-use project, formerly known as CPA Lands, will include approximately 188,000 sq ft of retail space.Central to the project will be an 82,000 sq ft Loblaws City Market that will service the East Village, Bridgeland and Inglewood. Two residential towers will rise 20 floors above it, totalling 500 condos. Other tenants will include Shoppers Drug Mart and Olympia Liquor store.RioCan will own 100% of the retail portion of the site and has entered into a firm sale with the developer Embassy BOSA for the air rights above the commercial component of this development site.Embassy BOSA will be responsible developing the residential portion and will also fund their proportionate share of the infrastructure costs on a cost-to-complete basis. It had already paid the first instalment in the first quarter of 2016.Construction work on the project is anticipated to be completed in 2019.
Tyson Foods has sought approval from the Finance Committee of the Carroll County Quorum Court to build a new $136m processing facility near its existing poultry plant in Green Forest, Arkansas.The project is subject to sanction of certain tax abatements from the Carroll County Quorum Court, and sales and use tax credits from the Arkansas Economic Development Commission (AEDC).The Green Forest plant produces a variety of partially cooked chicken products for food service and retail customers. The new processing facility will increase capacity, and improve efficiency by reducing transportation of products to other locations for further processing.The 200,000 sq ft facility will be built across the street from the existing plant, with the two facilities connected by a corridor. Improvements will include new equipment and production lines, as well as processes and technology that will benefit food safety, quality and workplace safety.Construction is slated to start as early as summer of 2016 and the project should be completed in late 2017. When fully operational, the new processing plant will create about 85 jobs.Tyson Foods president of poultry Noel White said: "This project would allow us to better serve our foodservice customers through improved product mix and greater efficiencies."This is the first new plant construction project Tyson Foods has proposed to build in a number of years and we're hopeful we can partner with Carroll County and the AEDC to invest in our home state."
Australia-based construction firm Watpac has signed a $264m contract with Country Garden Australia to build the Ryde Garden residential project in North Ryde, Sydney.The company has been working with the China-based developer to formalise the contract after its appointment as preferred contractor in October 2015.The project will include 830 residential units with basement parking for 730 cars, 2,100 sq m of public park, roof top gardens and a communal pool, 1,100 sq m of commercial space including retail space, gymnasium and a child care centre. The main component of construction work will start in the coming weeks, with completion anticipated at the end of 2018. The project is aiming to achieve a 4-Star Green Star Design rating.Watpac managing director Martin Monro said: “Watpac is extremely pleased to be working with Country Garden Australia and acclaimed architects Bates Smart to deliver the Ryde Garden residential development at North Ryde in Sydney.“Comprising three towers of 13, 23 and 27-storeys, Ryde Garden will provide expansive open spaces including a public park set close to the North Ryde Station, offering a landscaped retreat for both residents and the local community.”
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).
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