Linggo, Abril 30, 2017

Nationwide: House price growth slows for second month

House prices fell in April for the second consecutive month according to figures from the latest Nationwide House Price Index.

April saw house price growth drop by 0.4% with the average price of a home in the UK costing £207,699, up slightly on March’s figure of £207, 308.

The annual house price growth fell by 2.6% – the weakest growth since June 2013.

Robert Gardner, Nationwide’s Chief Economist, said the news of slowdown in growth came as a surprise. He commented: “In some respects, the softening in house price growth is surprising because the unemployment rate is near to a 40- year low, confidence is still relatively high and mortgage rates have fallen to new all-time lows in recent months.”

He suggested that the decrease might be a result of “emerging squeeze on real incomes” due to the weaker sterling rate.

Mr Gardner said the advancing gap between house prices and earnings was also key factor in the slowdown: “the typical house price is currently 6.1 times average earnings, well above the long run average of 4.3 times earnings, and close to the all-time high of 6.4 times recorded in 2007.”

The report said that despite these pressures, there were signs that people were still spending money with car sales remaining robust.

Nationwide said that on-going uncertainties surrounding Brexit meant it was difficult to conclude whether the softening was a blip, a result of a squeeze on people’s incomes or affordability issues.

Despite these issues, the building society said there was still strong demand for housing that should see house price growth remain around 2% for the rest of 2017.

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Thames Garden Bridge scheme to be scrapped

Plans to build the controversial pedestrian Garden Bridge across the Thames have been thrown into severe doubt following the Mayor of London’s decision to withdraw his support for the project.

Sadiq Khan said that he was not prepared to subject tax payers’ money to further risk by funding the operations and maintenance guarantees for the bridge.

The Garden Bridge was to feature 270 trees and thousands of plants but aroused controversy with many viewing the project as an extravagance.

It was designed by Thomas Heatherwick and had been backed by previous Mayor of London, Boris Johnson and former Chancellor George Osborne.

The funding gap currently stands at over £70M, with little chance of the Bridge Trust successfully making up the shortfall to allow construction to take place.

In his letter to the Chairman of the Bridge Trust, Lord Mervyn Davies, Mr Khan wrote: “The conclusion I have reached is that Dame Margaret was right to conclude that the project progressing would expose the London taxpayer to additional financial risk, both with regard to the bridge’s construction and its maintenance.

“I have been clear that this should not be allowed to happen. Accordingly, the GLA (Greater London Authority) is unable to provide Mayoral guarantees for this project.

The Mayor’s decision follows a review undertaken by Labour MP Dame Margaret Hodge published three weeks ago, who advised the bridge be scrapped due to the “precarious” state of the project’s funding.

The Garden Bridge was designed by Thomas Heatherwick and had been backed by previous Mayor of London, Boris Johnson and former Chancellor George Osborne.

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UK construction sector faced with a talent ticking time bomb

In December last year, The Federation of Master Builders’ (FMB) State of Trade Report revealed that the total employment net balance in the UK construction sector fell by 6% points from +10 in Q3 to +4 in Q4. Of those surveyed, only 21% of firms predicted rising staffing levels in the coming quarter and 14% actually forecast employment cuts.

When coupled with figures predicting a 1.7% growth in construction output levels over the next five years, the stats begin to paint a worrying picture of the critical shortage of skills facing the construction industry in the immediate future. In order to tackle the problem head on, trade organisations must take responsibility for attracting and training more construction professionals – and must do so fast…

Skills and demand

As one of the leading drivers of the British economy – generating £90Bn annually (6.7% of GDP) – the construction sector is responsible for employing over 2.93 million professionals in the UK, and contributes considerably to the UK’s total output.

With this output expected to rise (thanks to increased investments from both government and private organisations in, for example, housing and infrastructure projects) the demand for skilled construction professionals will follow suit.

However, the situation at present will only serve to widen the gap between the number of skilled professionals required to meet objectives and the number of qualified candidates actually available in the market. Failure to meet this demand poses an issue for employers and recruiters alike.

Acknowledging the talent gap

Unfortunately the UK’s construction skills gap isn’t a new problem. The financial crisis of 2008 sparked a reluctance in banks to grant loans for construction projects, and resulted in many skilled tradesmen and construction professionals leaving the industry, graduate and apprenticeship programmes being cut, and very little hiring for the following years.

This gap in job opportunities, the lack of comprehensive apprenticeships across the industry and a failure to encourage candidates into construction careers all contributed to the shortage of ‘young talent’ (those with five to eight years’ experience) we feel in the sector today.

The situation is set to worsen over the next five years, as a large proportion of qualified professionals and tradesmen are now approaching retirement age – 22% over 50, and 15% in their 60s. As these professionals prepare to leave the industry (with very few of them having trained apprentices) replenishing their experience and bridging the talent gap is now of upmost importance. But how?

Bridging the talent gap

In recent years, the lack of apprenticeship opportunities and reluctance of young talent to join the industry has resulted in fewer fully qualified individuals in the talent pool. The solution here (although not ideal) has been for construction jobs to be simplified – for example, some carpenters only do first fix or second fix work. While this narrows the skills gap it has resulted in construction becoming a less attractive vocation for potential industry entrants.

Foreign labour has also proven an effective way for the UK to fill its talent gap – yet amid the current climate of uncertainty surrounding Brexit, establishing the long-term viability of this as a solution could prove tricky. Should foreign labour laws change in the future, there is no guarantee that the UK could continue to make use of this essential resource so easily.

Instead some companies are now re-establishing apprenticeship schemes to take advantage of the newly implemented Apprenticeship Levy. Though not able to solve the skills gap on its own, apprenticeships that run theory training alongside practical experience will quickly mark a positive step forward for home-grown talent in the UK.

Constructing a resolution

With increased investment in residential and infrastructure projects across the country, the demand for skilled construction professionals will continue to grow. Not only does this make the sector a very attractive one for individuals seeking a long term career that is less susceptible to be replaced by technology, but a lucrative one in which the majority of experienced individuals will earn well above the average UK salary.

By promoting the positives of this essential industry to the next generation of UK workers, and by ensuring organisations, the Government, schools and businesses are providing the training opportunities needed by young talent, the construction industry can begin to build the bridges it needs in order to overcome the skills shortage.

By Mark Beacom, Operating Director at Michael Page Property & Construction

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Biyernes, Abril 28, 2017

Sadiq Khan to establish Construction Skills Academy

The Mayor of London, Sadiq Khan, is to launch a Construction Skills Academy in London as part of his Skills for Londoners programme that will provide the people of London with the chance to obtain the skills the capital is crying out for.

The Construction Skills Academy will be created in collaboration with the housebuilding industry to help address the housing shortage in London and the chronic skills shortage in the construction industry.

The Skills for Londoners Capital Fund will provide £114M in funding to deliver improved equipment and facilities at further education colleges and other education and training providers.

A Skills for Londoners Taskforce will also be established that will feature leading figures from the world of business and employers, skills and education experts and London government representatives. They will be charged with developing strategy for the whole of London to engage with the skills programme.

The Taskforce will work closely with the London Economic Action Partnership (LEAP) to ensure that a greater number of 16 year olds move into further education.

It will also focus on equality and provide girls with opportunities to develop their STEM skills.

The Mayor cited the uncertainty surrounding the UK’s access to skilled labour from the European following the Brexit vote as a fundamental reason to implement this strategy.

The Mayor of London, Sadiq Khan, said: “I want all Londoners to have the same opportunities I had growing up. Skills for Londoners is the first step towards making that happen.

“Through Skills for Londoners, we will address these problems head-on, giving Londoners the chance to train in the skills that will boost our economy and creating a pipeline of local talent and expertise for our businesses to tap into.”

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Reading Council back £500M Royal Elm Park plan

Reading Borough Council has approved plans for Reading Football Club’s £500M Royal Elm Park development to be located on land surrounding the Medejski Stadium.

A new 28,000 sq m convention centre dubbed ‘The International’ will be the focal point of the development and will provide a venue for wide range of events including concerts, conferences and an ice rink.

The International will have a capacity of 6,000 and be the largest dedicated conference venue in the south of England.

The development will also see construction of over 600 homes providing a mix of two and three-bedroom homes complete with parking for residents

The community at Royal Elm Park will also be able to take advantage of a new 18,000 sq m public open space that will include retail, leisure and restaurant facilities.

The development hopes to harness Reading’s growing economic presence in the region having seen a number of global businesses such as Microsoft, Symantec and 3M set up home in the town.

Reading Council back £500M Royal Elm Park plan1

Improved transport links will provide greeter connectivity with Crossrail services giving new direct links to central and east London from 2019.

A new mainline station is also planned at the closely situated Green Park, which the club say will provide direct rail access to local destinations, the south west, the Midlands and the North.

Nigel Howe, Chief Executive of Reading FC, described the development as a “step change” for the town. He said: “This is a huge boost for Reading, and will deliver a step change in the town’s ability to host international, large-scale conferences and events, which the business community here has long sought.  But the scheme delivers more than that.  It delivers a new and reinvigorated destination for businesses and the Reading community, and will significantly enhance the match-day experience for our supporters, the driving force behind the Club’s success.

Nigel Horton-Baker, Executive Director, Reading UK CIC, said the scheme would boost the local area by creating 2,000 jobs during its construction and operation phases.

The project is due to begin construction early next year and be completed in 2023.

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Past meets the future on the Dover Western Docks Revival development

Work has begun to remove a section of an old 19th century sea wall to prepare the way for the new Wellington Navigation Channel.

The work is part of the Dover Western Docks Revival (DWDR) development and is a crucial stage in the marine civil engineering works on the project.

A new navigational route will be opened up that will allow pleasure vessels to enter or leave Wellington Dock from the upcoming new marina.

The new Wellington Navigation Channel will also see a new Bascule Bridge and a pedestrian footpath built behind the original seawall.

This will join the New Marina Curve and Marina to the seafront Esplanade, bringing together the new facilities on the waterfront.

Once the old sea wall has been removed, piling work can begin at Wellington Dock that will connect to the new Western Docks.

Past meets the future on the Dover Western Docks Revival development1

Sheet pile cofferdam installation will then get underway using large specialist equipment before reinforced concrete walls and the base of the cut are built.

The £250M Dover Western Docks Revival will play a key role in the regeneration of the Dover seeing the waterfront transformed to host shops, bars, cafes and restaurants.

A new cargo terminal and distribution centre will develop the cargo industry, leading to more employment opportunities for local people.

Jack Goodhew, General Manager – Special Projects, Port of Dover, said: “Connectivity is an important part of DWDR, linking old and new parts of the waterfront and the wider Port estate, such as the historic Cruise Terminal 1, to create a new destination for Dover that our community and visitors alike can explore.”

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Huwebes, Abril 27, 2017

Taylor Wimpey sorry in leasehold fee wrangle

Taylor Wimpey has apologised to home buyers who were left with leasehold fees that doubled every ten years and has set aside £130M to assist those affected.

The housebuilding giants will pay out up to £130M to help those buyers who purchased properties between 2007 and 2011 with ground rent that  doubled every ten years and only capped in the property’s 50th year.

The prohibitive leasehold increases left the owners with homes that were virtually impossible to sell on.

Taylor Wimpey pledged to strike a deal with the third party companies who now own the leases to prevent home owners being stuck with spiralling costs and a unsellable property.

The company said that the pay out package should have no impact on its ambitions of returning £1.3Bn to shareholders over the next two years.

Pete Redfern, Chief Executive of Taylor Wimpey, said: “We’ve listened to the concerns and difficulties that some of our customers have faced as a result of their doubling lease and taken action to put it right. We are sorry for the worry this has caused them.

“This is about doing what we think is right”

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NHBC: Strongest quarter in 10 years for new home registrations

The first quarter of 2017 has seen over 42,000 new homes registered in the UK according to the latest figures realised by the NHBC.

The total number of new homes registered by the NHBC in the first three months of the year stands at 42,470 a rise of 17% on the 36,351 in same period last year – the best performing quarter in ten years.

The private sector saw growth of 10% on the same period in 2016, up to 31,197 from 28,278.

For those looking to take their fist step on the property ladder, 11,273 affordable homes were registered – a significant 40% increase on 2016’s 8,073 registrations.

Looking at new home registrations across the 2016/17 financial year, the NHBC’s figures show 157,898 new homes registered compared to 151,599 in 2015/16 – an increase of 4%.

New home completions were also up 5% on the previous financial year’s figures.

There was good news across the UK with all 12 regions reporting an increase in registrations in comparison to same period in 2016.

The strongest performing regions were the North East with a rise of 39%, then London with 38%, followed by Eastern with an increase of 31%.

NHBC Managing Director Neil Jefferson said: “These figures, with growth across the entire country, are clearly encouraging for the sector, at a time when there is considerable demand for new, high-quality homes.

“This growth in Registrations, in both the private and affordable sector, is welcome news and will result in more newly built homes across the UK over the coming months.”

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Dublin’s €1Bn National Children’s Hospital approved

The Irish government has given the go ahead for the construction of the new National Children’s Hospital at the St James’s Hospital site in Dublin.

The hospital, which has seen its estimated costs more than doubled since 2012 when it was predicted to cost €404m, will be one of the most expensive projects of its kind in the world.

The total cost of the project is thought to be closer to €1Bn after other commissioning costs have been factored in.

There has been much debate about the most suitable location of the hospital before planning permission was given to build on the St James’s site last year.

Two satellite centres on the Tallaght and Connolly hospital campuses will also be built as part of the project.

The hospital will also see the creation of 675 car parking spaces for parents, with a 100 of those for use by those patients in need of long-term care.

Staff at the hospital will have 325 spaces designated for them.

BIM Ireland are expected to begin work on the site next month with the project due for completion by the end of 2021.

As he arrived at the Cabinet meeting, Health Minister Simon Harris commented: “It’s extraordinarily exciting and will have huge economic benefits with about 1,700 construction jobs.

“Today all going well at Cabinet we will give this project the green light and finally construction will begin on this project later this month and into next month.”

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Bouygues to build revolutionary 3D printed house

Bouygues are to build a house in Nantes, France using a revolutionary 3D printing process patented by the University of Nantes.

Named the YHNOVA house, the five-room structure will have a surface area of 95 sq m and will be built in in the Bottière district of Nantes.

The house will come complete with rounded walls, corners and openings of all sizes created through a form of additive manufacturing – better known as 3D printing – called BatiPrint3D developed by the University of Nantes.

The University, along with research teams from Nantes Métropole, Nantes Métropole Habitat (NMH), and Ouest Valorisation, created the cutting edge technology that sees three layers of materials deposited through a polyarticulated industrial robot.

A third layer of concrete is formed by two layers of expansive foam, which provides the house with double insulation without a thermal bridge.

Marc Patay, Managing Director of Nantes Métropole Habitat, said: “YHNOVA is an opportunity to confront and solve technical, environmental, urban, regulatory, phonic, thermal, etc. constraints with the support of various experts involved in this project.”

The project is part of research being undertaken by Bouygues Construction, which targets, develops and masters construction methods of the future.

Construction of the house is due to take place in September, with the company providing both expertise and logistics to support the project.

Bruno Linéatte, R & D Director at Bouygues Construction, said: “The ambition is to demonstrate that building a housing with the best quality standards is possible, and this all body states. It is a first step that will be rich in lessons to imagine the constructive modes of tomorrow.”

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Virgin, Stagecoach and France’s SNCF link up for HS2 bid

Virgin and Stagecoach team up with French state-owned rail operator SNCF to bid to run the first trains on HS2 line.

Virgin and Stagecoach have teamed up with the French state-owned rail operator SNCF in their bid to run the first trains on the £56Bn HS2 line.

The new group will bid against First Group and the Italian state-owned Trenitalia, as well as any others that come forward, for the West Coast Partnership franchise, to run the existing intercity service on the main line from London to Birmingham, Manchester, Liverpool and Glasgow.

The winner will also run the new high speed services once they are up and running in 2026.

Virgin brought SNCF on board following an advisory from the Department for Transport, which stipulated that all bidders must have experience of running high-speed trains.

Martin Griffiths, the Chief Executive of Stagecoach, said: “This creates a powerful world-class partnership, bringing together the team which has transformed intercity rail travel in the UK with the most recognised and capable high-speed operator in Europe.”

Guillaume Pepy, Chairman and Chief Executive of SNCF said: “Today, we are delighted to announce this next step in our commitment to UK rail, working with partners who have demonstrated their own expertise in long distance rail services and are highly regarded in the industry”.

Stagecoach is taking a 50% share, SNCF 30% and Sir Richard Branson’s Virgin 20%.

The union’s general secretary, Mick Cash, said: “This is yet another landgrab on Britain’s railways by the French state with SNCF and Richard Branson both realising that this new franchise will be a one-way ticket to the bank for whoever comes out on top in this latest UK rail lottery.

“The integrated HS2/west coast operation has been bought and paid for by the British people and should be run by the British state in the public interest and not by some consortium of speculators looking to make a killing at the taxpayer’s expense.”

The shortlist of bidders will be confirmed in June, and the winner selected next year.

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Infrastructure projects worth £6.4Bn underway in Scotland

Almost 6.4Bn of infrastructure projects will be underway in Scotland in 2017 covering healthcare, roads and education.

Projects reaching costs of £6.4Bn will be commencing in 2017 in Scotland, including the Forth Valley College Falkirk Campus, NHS Orkney’s New Hospital and Healthcare Facilities and the A737 Dalry Bypass.

In addition, major schemes such as the Queensferry Crossing, the M8 M73 M74 Motorway Improvements Project and NHS Dumfries and Galloway’s Acute Services Redevelopment Project are due to begin operating this year, which will benefit the residents for years to come.

Following the publication of the Scottish Government’s Infrastructure Investment Plan progress report Secretary Keith Brown visited the construction site of the £14.6M Inverurie health care hub.

He said: “Significant progress continues to be made in delivering our infrastructure investment plan, which is good for jobs, good for the economy, and good for Scotland.

“I am delighted that projects totalling almost £800M were completed last year, and that this year we are anticipating a further £2.8Bn worth of infrastructure projects being completed and becoming operational including the Queensferry Crossing.

“I look forward to seeing these projects come to completion, but also seeing Scottish companies continuing to benefit from this government’s record levels of infrastructure investment in the years to come.”

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Miyerkules, Abril 26, 2017

Heathrow to use £16Bn expansion to push offsite construction

Heathrow has announced plans to boost the offsite construction sector as part of its £16Bn expansion project.

The airport will be looking for areas across Britain to host four new logistics hubs that will manufacture and assemble the components before they are transported to Heathrow.

It is envisaged the hubs will help the airport reap the benefits of the offsite construction process including greater efficiencies in time, cost and reduced carbon footprint.

The announcement follows a report from WPI Economics that revealed growth in the offsite manufacturing sector could see a £15Bn boost for the construction industry outside the capital by the end of this decade.

Heathrow say the decision not to use traditional onsite construction methods on the expansion will enable the economic benefits to spread across Britain.

For those involved in the offsite manufacturing sector, the airport’s decision is a massive boost, as it will demonstrate the capabilities of the modular building on a major infrastructure project.

Up until now, offsite construction has been limited to a supporting role on large-scale projects and has predominantly been used in the housing sector resulting in cost reductions of up to 25% and increased project delivery speeds of 30%.

Heathrow hopes that its faith in offsite construction will see a “step-change” for Britain’s construction industry.

Heathrow CEO John Holland-Kaye said: “The global construction industry is set to be worth £15 trillion by 2025 – that’s a huge prize that Britain deserves a bigger share of and Heathrow can help.

“We want to use Heathrow expansion to not only upgrade Britain’s infrastructure, but cultivate a new world-leading sector and drive growth across the whole country. Boosting off-site construction will help make expansion more affordable and environmentally friendly and give Britain a lasting legacy of expertise that it can sell around the world – helping Britain lead the pack in global construction.”

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BVRLA say TFL need to justify Direct Vision Standard Plan

BVRLA express concerns over TFL’s new Direct Vision Standard (DVS) for trucks entering London from 2020.

The British Vehicle Rental and Leasing Association (BVRLA) has opposed Transport for London’s proposals for a new Direct Vision Standard (DVS), for trucks entering London from 2020, saying that the proposals were unworkable and did not present clear road safety evidence.

As part of the plan, Mayor of London Sadiq Khan wants to create a rating system from zero to five stars to grade HGVs based on the level of direct vision the driver has from the cab. By 2020, the proposals suggest that all HGV’s with a zero rating are banned from London. By 2024, lorries that wish to enter the capital must achieve a star rating of three.

The proposals after the Mayor claimed that HGVs were involved in 22.5% of pedestrian fatalities and 58% of cyclist fatalities on London’s roads in 2014 and 2015.

In order to achieve a five star rating, trucks must either be fitted with a Low Entry Cab (LEC), or have a transparent panel in the passenger door.

BVRLA chief executive Gerry Keaney said: “We welcome the Mayor’s attempts to improve road safety in London, but while his intentions are noble, he’s approaching this the wrong way.

“Installing a window in the door panel of every truck our members operate is just not feasible, and there is only a limited number of LEC vehicles currently on sale.

“TfL needs to provide more robust safety evidence to justify the changes needed – it should clearly explain how this new standard will work.

“BVRLA members are already improving road safety in the capital, as they have invested heavily in cyclist detection systems, sideguards and cameras.

“While rental and leasing companies are unable to endorse the DVS proposals as they stand, we have told TfL that we want to help the Mayor meet his goals.”

BVRLA members are responsible for one in every five HGVs on UK roads, and the association highlighted that road safety is not a matter for TfL alone.

“Road deaths are not just an issue in the capital,” Keaney added.

“We feel that any new standard should be applicable for all cities in the UK, not just London. Our members hire out HGVs across the country to enable companies to conduct their business. One day a vehicle might be needed in Birmingham, and the next it could be required to travel into London. Companies should not be forced to make separate considerations solely for work in the capital.”

The association has called for policymakers to consult the industry and put together a nationwide road safety framework that is backed up by a clear cost benefit analysis and forms part of a national type approval scheme.

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Growing demand and skills shortage in Northern Ireland construction sector

FMB report growing demand but skills shortage hampering construction in Northern Ireland, with short supply of tradespeople.

The Federation of Master Builders (FMB) has reported Northern Ireland is experiencing growing demand in the construction sector, but builders and being hampered by a serious shortage of skilled workers, particularly carpenters and joiners.

Northern Ireland’s construction SMEs are onto their ninth consecutive quarter growth, seeing continual rise in worklad.

But the survey revealed that just under 60% of firms were struggling to hire carpenters, the highest level reported since the financial crisis.

In additional, a total of 85% of firms said they believed that material prices would increase in the next three months.

The FMB said that housebuilding and demand for home improvements were fuelling the growth among small to medium sized building firms.

Gavin McGuire, director of FMB Northern Ireland, said: “In the first three months of this year, builders enjoyed growing workloads, rising numbers of enquiries and are increasingly confident about the future, despite the political stalemate in NI. It begs the question – if we had strong political leadership in NI and political stability, how well would our core business sectors like construction be performing? Although the NI construction sector is not fully out of the woods after the tough years following the financial crisis, it is in a much better place than it was two years ago. This progress within the SME building industry owes much to robust demand for both new homes and home improvement, the bread and butter of most small local builders.”

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Lagan Construction Group wins £3M Donegal contract with Irish Water

Lagan Construction Group lands £3.1M contract for water supply work in the Republic for the work in Greencastle, Co Donegal.

Lagan Construction Group has landed a €3.7M (£3.1M) contract for water supply work in the Republic. Lagan Construction Group won the deal for the work in Greencastle, Co Donegal, with Laganwater Limited responsible for mechanical and electrical installation of the project.

Working in partnership with Donegal County Council, Irish Water has appointed Lagan Construction Group to carry out the project — which is an investment in the Inishowen Regional Water Supply Scheme.

Neil McKenzie, director at Laganwater Limited, said: “Laganwater is delighted to have secured this significant infrastructure contract by Irish Water. Our dedicated team is fully committed to delivering this project successfully for our client, Irish Water.”

Works have been prioritised as part of Irish Water’s investment plan, to address important issues outlined in its business plan.

The £100M deal was one of the company’s largest contracts, and will deliver major improvements to the water mains infrastructure.

Another three firms have landed a £100M deal with NI Water. These include Maghera-based BSG Civil Engineering, Dunmurry-based Farrans Construction, and Belfast-based Lagan Construction Group and Meridian Utilities.

The contract is at the design and planning stage. Construction is scheduled to begin early next year. The project will assist in supporting a growing economy by boosting employment in the four firms, as well as local sub-contractors, NI Water said.

Sara Venning, NI Water’s Chief Executive said: “We are confident that the contract will provide excellent value for money for NI Water, while meeting our own ambitious targets of upgrading approximately 150km of water mains per year,” she said.

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Deal signed on £53M Chorley housing scheme

Housing developer, Lovell has struck a deal with the Homes and Communities Agency (HCA) that will 220 new homes built in Chorley, Lancashire.

Subject to planning approval, work will begin later this year on 198 homes and 22 affordable starter homes on land Lovell has purchased from the HCA.

The development is situated at Clayton-le-Woods in Chorley and will consist of a combination of 18 two-bedroom and 118 three-bedroom houses as well as 67 four-bedroom and 17 five-bedroom houses.

Those buyers eligible to take advantage of the government’s Starter Homes Initiative will have access to 22 of the two- and three-bedroom houses being built.

Lovell said the new homes would provide  excellent standards of energy efficiency, with solar panels to be installed on all properties.

The development is expected to complete in 2023, with the first raft of homes available for purchase in spring next year.

Lovell Regional Managing Director Nigel Yates said: “We’re delighted to be working in partnership with the Homes and Communities Agency to deliver this outstanding development of beautifully designed, much-needed homes for Lancashire.

“The Chorley location gives residents access to some stunning scenery on their doorstep while also providing superb transport connections across Lancashire and beyond. Our house styles have been designed with a variety of buyers in mind, from families to young professionals, while our starter homes will help first-time purchasers take their initial step on to the housing ladder.”

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Martes, Abril 25, 2017

Five ways to rein in your construction insurance premium

It’s reasonable to assume that increased competition among insurers would help lower premiums all round – but this is often only true during the first year of your premium, regardless of industry. As a policyholder, you might frequently find that, after a year, insurers return their premium to a financially viable rate, creating more expense for you.

There is no room for cutting corners in any area of construction, and the same goes for essential insurance. With these five tips, you can help bring your premium within budget, without taking a punt on an ineffective policy.

 

1. Risk management
It starts with pre-emptive measures, which can include a review of current health and safety policies, regular training, security investment, and best practice for onsite hazard prevention. Treat minor incidents or “near misses” as a golden opportunity to update your policy, and remind staff how important it is to be vigilant on site.

While insurance can support you in a difficult situation, it’s always better to be in a position where you don’t need it.

 

2. Choose the right insurer
It may seem counter-intuitive, but shopping around on aggregate sites is not always the best way of ensuring a good price long term. An insurer who truly understands your industry is going to have a better perception of your risks.

Some insurers have very onerous policy conditions, which, if breached, could leave you without cover in the event of a claim.

Once you’ve found your preferred provider, try and secure a longer contract with them, perhaps with a low claims bonus or profit share incentives.

 

3. Increase your excess
The more you’re willing to pay in the event of a claim, the more likely you’ll secure a cheaper premium. Just be sure that if you did need to make a claim, you would be able to afford the excess you’ve set.

 

4. Bundle or separate?
If you’re taking out all your cover through one insurer, it’s sometimes more cost-effective to have it pooled together in one policy, and is also a good way to manage all your protection at once. All-encompassing Construction Insurance can feature the cover options you need it to, including legal, liability, plant and delay in start-up.

On the other hand arranging separate policies can also have its plus points, as you can gain favourable policy features from different specialist insurers.

Don’t assume that because you’re taking out a package, there’s no room for manoeuvre. Often areas such as liability can be altered to fit your project, and other features can be taken away or added on, depending on what you need. An insurance broker can help you with this, which brings us to our next tip.

 

5. Look for an independent insurance broker
Ideally, one who has sound knowledge in the construction industry and connections to insurers who are renowned in this field. An intermediary who understands how insurance relates to your line of work specifically will be able to ask the right questions and negotiate an appropriate policy on your behalf, whether a “bundle” or separately arranged insurance covers are better suited to your circumstances.

They will also be up to speed on industry requirements, such as mandatory professional indemnity, collateral warranties and bonds, and have experience in handling claims.

At MCM we use our expertise to help you obtain a financially viable, efficient insurance package, at no extra cost to you.

 

By Steve Whetham, Director of MCM insurance

 

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Housing planning approvals continuing to rise

Latest Glenigan Housing Pipeline survey shows number of new planning approvals increased during fourth quarter of 2016.

According to the latest HBF/Glenigan Housing Pipeline survey, the number of planning permissions for new homes continues to rise, with this being the highest yearly total ever recorded since the report by Glenigan began in 2006.

Residential planning approvals increased during the fourth quarter of 2016. The number of units approved during the quarter was 9% up on the third quarter of 2016 and 5% higher than during the same period last year. The year on year rise was driven by an 8% increase in the number of private housing units approved and a 15% rise in social housing units approved.

Around 90,200 residential units were approved during the fourth quarter of 2016, the highest quarterly total since 2008.

Housing schemes of ten or more units accounted for 79,800 or 88% of approved units; the remainder being on smaller new build projects including self-build schemes, homes included within non-residential projects and the conversion of non-residential properties.

There is concern regarding the drop in number of sites permissioned, falling by 11% compared with 2015 (from 19,600 in 2015 to 17,500 in 2016), indicating that larger “strategic” sites are being permissioned.

With larger sites, there are greater infrastructure requirements which mean that permissions take longer and the construction process can be slower. The Home Builders Federation have highlighted the important of Local Authorities being realistic about the time scale when delivering homes. In the last 18 months, the average size of permissioned sites has increased by 16%. Small housebuilders are faced with problems in finding suitable sites and progressing them through the planning process.

Overall unit approvals in Great Britain during 2016 as a whole were 12% up on a year earlier. The North of England was the strongest area of growth during the year, with approvals 24% higher than during 2015.

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Industry could be ‘revolutionised’ by offsite construction

A new report from the Construction Industry Training Board (CITB) claims that offsite construction has the potential to revolutionise the construction industry and even provide a solution to housing shortage that grips the UK.

There is a caveat to the claim that the changes can only come about if the construction sector invests in the training to develop the right kind of skills.

The research white paper, ‘Faster Smarter, More Efficient: Building Skills for Offsite Construction’ revealed that 42% of construction firms that employ over 100 staff believe they will be using offsite methods in five years’ time.

In terms of specific products, 100% of the companies surveyed said they expected the use of precast concrete panels to increase, with 91% predicting a rise in the use of precast concrete frame.

Currently, only 10% of the industry’s output comes from the offsite process.

The advantages of using offsite construction methods are greater efficiencies in time and cost. Also, with on site time greatly reduced, disruption is minimised along with the common hazards associated with working on a building site.

The report, which follows the recommendations laid out in industry expert Mark Farmer’s government-backed review of UK construction, revealed that almost half of construction industry clients expect to see the use of offsite construction to increase over the next five years.

Mr Farmer welcomed the report, saying it couldn’t have come at a more opportune time for the industry as it faces up to replacing an ageing workforce and the growing need to modernise its processes.

He commented: “Any strategic shift towards pre-manufacturing and offsite construction creates an immediate requirement to define our future skills needs through collaboration between industry, educators, training providers and government.

“This is crucial to ensuring we can transition to a higher productivity, digitally enabled industry which inherently attracts more of the young talent we so desperately need. It should also set out clear opportunities for the existing construction workforce and indeed workers from other industries to reskill through a new family of career pathways.”

Steve Radley, Director of Policy at CITB, said the potential for offsite construction is huge, particularly in the housing and commercial sectors.

He said: “The Government recently announced an additional £1.4bn of funding for affordable homes, with an increase in offsite construction set as an objective, representing a clear opportunity for growth in this area.

“The greatest potential currently lies within the housing and commercial sectors, where mass customisation can create the buildings we need more quickly and to higher standards. There are also opportunities to bring the benefits of offsite to large-scale infrastructure projects – some high profile examples include HS2 and Hinkley Point, which are already using offsite techniques.”

When it comes to solving the disparity between the advances of this building process and the skills to deliver it, the CITB’s report states it will be crucial for workers to develop the skills to move between offsite and onsite environments.

The research highlights six core skills areas required to achieve this – digital design; estimating/commercial; offsite manufacturing; logistics; site management and integration and onsite placement and assembly.

However, the CITB believe that the construction industry must overcome “significant barriers” to achieve the delivery of the skills training. These include a gap in existing training with regards to the required offsite content; a lack of awareness and suitability of available training and qualifications and a shortage of training providers and assessors.

Mr Radley said the CITB would continue to work closely with the construction sector over the next five years to move forward with the offsite agenda.

He said: “Our next steps will focus on the delivery of the required employer training, knowledge and soft skills, tailored specifically to the six key areas identified in the report. This will also include a review of the available training and qualifications to make sure we address any gaps and issues.

“We will also work with other stakeholders – such as in design and manufacturing – to apply existing training in a construction context. We will step up our promotion of the career opportunities offsite can offer, emphasising digital skills, to attract a wider pool of people into these key roles.”

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Sunderland’s New Wear Crossing ranked as “exceptional”

Considerate Constructors Scheme ranks New Wear Crossing as “exceptional” following visit from construction inspectors.

The Considerate Constructors Scheme, which aims to improve the image of the construction industry and promote best practice, has marked Sunderland’s New Wear Crossing 45 marks out of a possible 50, following a visit by construction inspectors.

The rolling 12-month industry average score is 35.6.

The inspectors viewed the site of the new bridge, including office and welfare areas, before a presentation was given by the project team on what it was doing to raise standards, communicate and engage with the people of Sunderland and ensure health and safety guidelines were met.

The project scored nine out of ten in each of the five areas covered, which were:

  • Care about appearance
  • Respect the community
  • Protect the environment
  • Secure everyone’s safety

The scheme focuses its concern on three main categories: the general public, workforce and the environment.

The monitor said the New Wear Crossing site was “extremely clean, tidy and well organised” and that there were “robust environmental systems and procedures in place.”

He said: “The 100m high A-frame pylon looks impressive and sets the scene for the rest of the site.

“The procedures in place for keeping people informed are exceptional. Safety is given high priority and is supported by the inspection regime, training and consultations, all of which ensure the highest levels of safety performance.

“There is a long list of initiatives, including work placements, apprentices, teacher insight visits, careers in construction presentations and employability workshops – all of which demonstrate the exceptional lengths the site is going to to encourage new people into the industry.”

Farrans Construction and Victor Buyck Steel Construction, which formed FVB Joint Venture to deliver the project on behalf of Sunderland City Council, are working on site alongside a team from Atkins, which was brought in by the local authority to supervise the project on its behalf.

Leader of Sunderland City Council, Councillor Paul Watson, said: “The results of this inspection are excellent, but having been to site on a number of occasions, I wouldn’t have expected anything less.

“The project teams are working hard to make sure that Sunderland’s new bridge is just as impressive as we intended it to be, and that the best interests of the city are met. The community engagement programmes are excellent.

“I’ve not only been impressed with the progress on site, but the standards achieved too. We are two thirds of the way through and the project is running to time and budget, and we have experienced no major accidents. All of the major milestones have been successfully completed without any problems. When you look at the size of the project that is a considerable feat.”

The bridge opens in Spring next year, as phase two of the Sunderland Strategic Transport Corridor, which is a five-phase plan to improve links between the A19 and Sunderland City Centre and the Port of Sunderland.

Linking Pallion to the south of the river with Castletown to the north, it will help create up to 6,000 jobs and will reduce congestion in the city improving journey times.

Stephen McCaffrey, Project Director for FVB, said: “We’re very happy with the monitor’s comments and score, but it’s important to recognise the input of all involved. This has been achieved through the hard work and effort of everyone involved, particularly our community engagement teams.”

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FMB report Scottish construction SMEs booming

Federation of Master Builders Scotland say Scottish construction SME workload booming at quickest rate since 2007.

Results from the Federation of Master Builders (FMB) Scotland State of Trade Survey Q1 has revealed that Scottish construction SME workloads rose faster than at any time since Q4 2007, with one in two construction SMEs predicting rising workloads in the coming months. Only 5% predicted a decrease in activity.

A total of 85% if builders believe that material prices will rise in the next three months and 58% of firms are struggling to hire carpenters, the highest reported level since the financial crisis.

Gordon Nelson, Director of FMB Scotland, said: “Scottish construction SME workloads have now risen for five consecutive quarters and rather than tapering off in advance of Article 50 being served, that growth seems to have accelerated in the first quarter of this year. At a time of growing concern about the strength of the Scottish economy, the robustness of the construction SME sector is a definite good news story. Even more encouragingly, the number of enquiries for future work has risen solidly and one in two firms are now predicting that their workloads will continue to rise in the coming months.”

However, the last three months have not been without struggle, with builders experiencing a sharp rise in material prices since a reduction in the value of the sterling in June last year and the rise in cost of imported materials and products. The skills shortage is also driving up costs of skilled labour.

Nelson continued: ““The biggest concern for builders, however, will be the prospect of weakening consumer confidence. The risk of economic uncertainty impacting on consumer spending was already present due to confirmation of the UK’s departure from the EU and the possibility of another Scottish independence referendum in the medium term.

“Going forward, the industry is hoping that political stability will be re-established as soon as possible as both consumers and businesses respond best to political certainty.”

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Call for end to constraints on composite materials worth billions to UK industry

Report published today calls for end to constraints hindering the growth and use of composite materials in Marine, Rail, Oil & Gas, and Construction.

The University of Southampton has published a new report, which calls for industry and government to work closely together to put an end to the constraints that currently inhibit the growth and use of composite materials in Marine, Rail, Oil & Gas, and Construction.

According to the position paper ‘Modernising composite materials regulations’, the introduction of effective regulation in the use of composites in these, and other new sectors, could bring more than £4Bn worth of benefit to the UK by the year 2030.

The study was carried out by a team from Southampton’s Faculties of Engineering and the Environment, and Business, Law and Art (Institute of Maritime Law), supported by the Southampton Marine and Maritime Institute and the University’s department for Research and Innovation Services (RIS).

Professor Ole Thybo Thomsen, Head of the Infrastructure Research Group at Southampton and co-author of the position paper, said: “Advanced polymer composite materials have a huge potential to shape the modern world.

“The use of composites in aerospace and automobile design is now the norm, but they have much broader potential for use in other sectors such as in building and bridge construction, railway and rail infrastructure, as well as marine and offshore. In aerospace alone, 52% by weight of the latest generation of aircraft are now composed of composite materials.”

Professor Simon Quinn, Director of the University’s Research Institute for Industry (RiFi) and the lead researcher of the paper, said “In the UK there is currently very limited coordination and centralisation of the codes and standards data associated with new composite materials.

“There is neither a coherent development of certified testing facilities, nor a formal process for different sectors to share information and best practice. These factors have reduced productivity, discouraged research and development and innovation, and significantly increased the time to market for new composite products.

“Industry and government have not shared information. In the UK there are four government departments dealing with material regulation and the minister with overall responsibility for Health and Safety (the Minister for the Disabled) has neither the mandate nor the resources to harmonise this system. There are also seven agencies involved in regulation, alongside a lack of Suitably Qualified and Experienced Personnel (SQEP), creating a labyrinth of assurance without the guarantee of certification at the end. This is a considerable disincentive to those companies wanting to innovate, and a significant barrier to new companies entering the markets.”

The paper recommends that ‘performance’ assessment methods should be adapted to the needs of each sector to make it easier for manufacturers to prove that their materials can perform to the required operational safety and performance standards related to that sector.

The paper’s call for one government department to have overall responsibility for regulation, with representation in other departments. The lead department would work closely with the Composites Leadership Forum (CLF) and would oversee material regulatory policy and management of the centre, would have the responsibility to develop codes and standards, and would authorise both UK and nominated overseas test centres.

“This approach will increase the value, utility and sustainability of the UK’s composites research and by speeding up the ‘route to market’, allowing the UK to both achieve and maximise its predicted market share and prevent the more agile manufacturing nations using our research to gain a first-mover competitive advantage,” said Rear Admiral Rob Stevens, the lead author of the paper, “the next step is create a task group sponsored by Government and including key players from the regulatory bodies, industry and academia to take the new regulatory proposition forward in industries that are not utilising composite materials to their full potential.”

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Lunes, Abril 24, 2017

Architectural ceilings completed at Farringdon and Liverpool Street stations

Construction of the new architectural ceilings has been completed at Farringdon and Liverpool Street stations on the Elizabeth line.

The station at Farringdon has seen over 100 diamond-shaped concrete segments pieced together to create what Crossrail described as a ‘dramatic’ lattice roof’ inspired by the Hatton Garden jewellery quarter’ situated near the station.

The ceiling is 25 metre wide, weighs in at over 360 tonnes, and is suspended from above to create a ‘cathedral-like’ entrance that will greet passengers travelling down to the new Elizabeth line platforms from the western ticket hall.

Liverpool Street’s ticket halls located at the end of the station will have grooved angled ceilings that have been inspired by pin stripe suits sported by commuters who work in the city.

Lain O’Rourke produced the precast concrete segments along with structural components that form Custom House Elizabeth line station, at their offsite manufacturing facility.

The Elizabeth line will carry over 200 million passengers per year, increasing capacity to central London’s rail network by 10%.

The route will pass through 40 stations from Reading and Heathrow in the west and through new twin-bore 21 km tunnels to Shenfield and Abbey Wood in the east.

Due to open in December 2018, the line will connect Heathrow, West End, the City and Canary Wharf acting as a catalyst for regeneration throughout London.

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Average asking price for homes at highest recorded

House sellers demand puts average asking price for homes to record height of £313,655.

According to RightMove, amounts demanded by sellers are up 2.2% year-on-year across England and Wales, with asking prices hitting a new record high of £313,655 in April, beating the previous high of £310,471 reached in June 2016.

The figures by RightMove, whose records go back to 2002, show that  the average price tag on a property being put on the market increased by £3,547 – or 1.1% month-on-month.

As a result of the squeeze on disposable incomes from rising inflation and slowing wages growth, some economists have forecast static prices this year of 2%, while others have argued that it will be closer to 5% following failure to increase the housing stock.

RightMove said that asking prices have continued to rise due to strong numbers of house sales being agreed at levels not seen before the credit crunch, with Director of RightMove, Miles Shipside, reporting signs of a “strong spring Market”, which should keep confidence in the market before the general election.

The first-time buyer sector was driving the price increases, Rightmove said, after changes to previously generous tax rules deterred buy-to-let investors from competing for similar homes.

Asking prices in this market are up by 6.5% year-on-year, with the typical price of a first-time property with a maximum of two bedrooms, now at a record high of £194,881.

Across all sectors, asking prices are up by 2.2% year-on-year across England and Wales. RightMove said the annual pace of asking price growth had generally slowed and was now at its lowest since April 2013.

Shipside said the number of sales being agreed was the highest for this time of year since 2007.

Shipside said: “Strong buyer activity this month has led to 10% higher numbers of sales agreed than in the same period in 2016. This large year-on-year disparity should be viewed cautiously as the comparable timespan in 2016 saw a drop in buy-to-let activity with the additional second home stamp duty.

When compared to two years ago, agreed sales were also up 3.8%.

“With the growth in household numbers and new-build supply struggling to keep pace, demand is strong and has led to the highest sales agreed numbers at this time of year since the heady pre-credit crunch levels.”

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£173.5M funding to improve transport in Leeds

High frequency ‘busways’, improved park and ride facilities and better stops and signs for Leeds following £173.5M funding for transport.

Transport Minister Andrew Jones has confirmed a funding package of £173.5M, which will provide Leeds with high frequency ‘busways’, improved park and ride facilities and better stops and signs.

The multimillion pound investment includes new integrated bus corridors, including segregated lanes and real time information for passengers making journeys in and around the city centre.

With the focus on improving travel experience, customers will see more reliable journeys and better travel information.

The funding will also give Leeds the opportunity to develop proposals for local rail improvements.

Transport Minister Andrew Jones said: “New segregated bus corridors and investment in park and ride schemes will be a huge benefit to people who live and work in Leeds, and those who visit the city.

“This investment will make public transport in Leeds more accessible and reduce journey times.

“Better transport facilities don’t just help people get around, they help them get on – connecting them to jobs and helping to deliver economic growth in the north.”

It will cover a four year period, with West Yorkshire Combined Authority receiving:

-£21M in 2017/18

-£48.7M in 2018/19

-£49.1M in 2019/20

-£54.7M in 2020/21

Leader of Leeds City Council Councillor Judith Blake said: “We are delighted that the Department for Transport has given its support for our plans which have the potential to transform public transport in Leeds, with improvements we can deliver in the coming years in keeping with what the people of Leeds told us they want to see.

“That is making it quicker and easier for everyone to be able to move around the city as well as connecting people and businesses to places and jobs, increasing productivity and supporting major economic growth areas.”

West Yorkshire Combined Authority Transport Chair Councillor Keith Wakefield said: “These plans to build on successful developments on the county’s rail and bus networks are in line with the combined authority’s aim of developing a modern integrated transport network that benefits the whole of Leeds City Region.”

First Group have also agreed in principle to commit £71M to providing 284 new low emission buses by 2020 for use in Leeds.

Managing Director of First West Yorkshire Paul Matthews said: “Today’s announcement is the first major step towards transforming Leeds’s transport network and I’m proud that First West Yorkshire is a pivotal part of this.

“We remain committed to our pledge to invest £71M in ultra-low emission vehicles by the end of 2020, but it’s hugely important that we continue to work in partnership with Leeds City Council and the West Yorkshire Combined Authority so that we can tackle the issue of congestion thereby improving the reliability of services and encouraging even more people to travel by bus.”

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Over £43Bn worth of empty homes in England

Latest empty homes figures from DCLG highlights housing issues with over £43Bn of homes not occupied in England.

Figures from DCLG, with national, regional and London analysis, revealed that there are 200,145 long-term homes that are unoccupied in England, with a value of over £43Bn.

In London, there were 19,845 homes sitting empty for over six months in 2016 – a total of £9.4Bn worth of property, taking into account the average price in London of £474,704.

One of the wealthiest places in London is now the capital’s worst performer.

Kensington and Chelsea has London’s highest number of long-term vacant homes with 1,399 empty, up 8.5% on last year and a rise of 22.7% in a decade. Taking into account the Royal Borough’s unusually high average property prices, this would give the homes an estimated value of £2Bn.

Birmingham was the worst performer outside London with 4,397 properties sitting empty – up 13% in a year – with an estimated value of £956M. Bradford had the second highest figure at 3,944 (down 5% valued at £858M) followed by Liverpool on 3,449 (up 5% valued at £750M).

Over a decade, Manchester has seen the greatest fall, dropping 88% to 1,365.

Harrow saw the biggest rise in England with an astonishing 571% climb to 651 from 97 in 2015.

Blackburn has seen the biggest rise outside London with a 32% rise in a year with 1,563 vacant homes. Blackpool just crept into the worst 20 town/cities outside London but achieved the greatest percentage reduction outside London, falling 26% in a year.

West Yorkshire, which includes Bradford, Calderdale, Kirklees, Leeds and Wakefield, has the highest number among Metropolitan Districts for the third year in a row (11,555). All six districts – including Greater Manchester, West Midlands, Merseyside, Tyne & Wear and South Yorkshire – have long-term vacant property totalling £11.7Bn in value.

London saw the same percentage fall to 6,581. Ealing had the most LA-owned vacants with 897 (down 14.7%), followed by Greenwich with 733 (down 27.7%) and Hackney with 600 (up 30%). The biggest percentage rise was in Kingston upon Thames which rose 144% to 88. Bexley and Richmond upon Thames both had zero.

Outside London, Sheffield had the most LA-owned vacants with 762 empty homes (up 0.7%), followed by Liverpool on 682 (down 30.5%) and Birmingham on 650 (down 21%).

In London, Hammersmith & Fulham had the second highest total number of empty homes up 42.7% to 381 in 12 months. Over a decade Harrow not only saw the biggest rise in one year, but the largest London rise in 10 years, up 76%.

The borough of Croydon had the second highest number of vacant homes at 1,216 (up 19% in a year) followed by Camden with 1,114 (down 2%).

In the capital, 19 boroughs saw falls while 14 saw rises on the previous year.

Dan Gandesha, CEO of property investment marketplace Property Partner, comments: “These figures lay bare the huge amount of housing stock lying empty across the country.

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Biyernes, Abril 21, 2017

Bidding for £2.75Bn contract to design, build and maintain HS2 launched

Official start of bidding for £2.75Bn contract to design, build and maintain high speed trains launched by HS2 Ltd.

The competition has official begun for the £2.75Bn contract to design, build and maintain Britain’s next generation of high speed trains.

Whoever wins the contract will be responsible for developing around 60 state of the art trains to transport passengers across the country on the new high speed rail network and onto the existing railway.

The contract will create hundreds  of jobs, as well as HS2 working with companies and suppliers to create opportunities for SME’s, boost skills and encourage a variety of people to join the workforce.

In total 25,000 jobs and 2,000 apprenticeships will be created during HS2 construction and HS2 Ltd has held discussions with UK-based suppliers to make sure they are in the best possible position to win contracts.

Transport Secretary Chris Grayling said: “Britain’s new railway will carry over 300,000 people a day, improve connections between our great cities, free up space on our existing rail lines, generate jobs and help us build an economy that works for all. But what will make HS2’s reputation from day one will be its trains.

“It is a given that we want the trains to be comfortable, reliable and a pleasure to use, meeting the highest standards internationally for passenger experience, noise reduction, and environmental sustainability. But companies interested in bidding for the train contract need to push the boundaries. We want to see innovation, creativity and ambition.

“The construction of these trains will also leave a legacy for this country, boosting skills, generating employment and strengthening the manufacturing supply chain.”

HS2 Ltd Managing Director of Rail Operations Chris Rayner said: “HS2 represents a once in a lifetime chance to rebalance the national economy. It will transform travel in this country, connecting eight of the 10 largest cities in the UK when completed, as well as improving capacity for customers and productivity for the economy.

“The priorities and needs of our future passengers are at the centre of our thinking. Quite simply we want every aspect of travelling by HS2 to exceed expectations – from the passenger experience in selecting their journey and getting information, to travelling through our stations, to the train ride itself. We challenge bidders to achieve this ambition.”

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Leeds City Council back redevelopment of Headingley stadiums

Leeds City Council has agreed to facilitate £35M deal to redevelop Headingley rugby and cricket stadiums.

Leeds City Council has agreed to broker a deal worth £35M with a private investor, to redevelop the sporting complex Headingly rugby and cricket stadium, which hosts cricket, rugby league and rugby union fixtures.

Leader of the council, Judith Blake said that the deal will help secure top-level international matches at Headingley. The council would lease the ground from the investor and sublet it to Yorkshire County Cricket Club and Leeds Rhinos. A total of £5M has been pledged by Leeds Rhinos towards the costs of the work.

A £4M grant from the work had been withdrawn from the redevelopment, which left Yorkshire County Cricket Club unable to host international matches beyond 2019.

However, Ms Blake said this was the best solution for all parties.

“When you take into account the significant economic benefits top-class rugby and cricket matches bring to the city and region, we could not stand by and do nothing to protect its international sporting status.”

As part of the lease deal, the full cost of the redevelopment will be met by the clubs.

Headingley consists of a cricket stadium and rugby ground, with a shared two-sided stand linking the facilities, with new plans including a south stand on the rugby ground and a replacement shared stand.

The deal is due to get final approval in June, with working starting in September.

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GIB to boost support for low carbon projects following sale to Macquarie

Sale of Green Investment Bank confirmed, with £3Bn of new investment into low carbon projects under Macquarie’s ownership.

Climate Change and Industry Minister Nick Hurd has confirmed the sale of the Green Investment Bank (GIB), to Macquarie Group Limited (Macquarie).

The GIB agreed to look into investing £3Bn over the next three years following the sale, into the green economy.

The deal with reached following a competitive process, and will meet the objectives outlined by the government last year during the sales process. The sale will free GIB from constraints of public sector ownership, and enable GIB to grow its support for green projects.

Nick Hurd Climate Change and Industry Minister said: “The Green Investment Bank has been very successful in attracting private capital to the UK’s green economy. It now makes sense to move it into the private sector where it will be free from the constraints of public sector ownership, allowing it to build further on its success.

“This deal gives us the best of both worlds. We have secured fair value for the UK taxpayer. GIB has a well-funded new owner that is committed to the Bank’s green mission, with a track record of success in green investment and an ambition to grow the business. The UK will benefit from increased investment in our green infrastructure as we make the transition to a green economy.”

Lord Smith of Kelvin, chair of GIB’s independent board said: “There is a compelling logic in the world’s first green bank joining forces with the world’s largest infrastructure investor. When we embarked on this process, we were determined to find a new owner who would build on GIB’s successful history – an owner who would have access to deep pools of capital, a commitment to expand GIB’s activities, and a respect for the unique role GIB has played in the market. Macquarie will bring all of this to GIB, along with its own impressive track record of green investments. Its vision for the future growth of GIB demonstrates a redoubling of its commitment to a low carbon economy.”

The GIB supports nearly 100 green infrastructure projects since its launch in 2012, with every £1 invested, attracting another £3 of third party capital.

GIB will become the primary vehicle for Macquarie’s renewable energy investment in the UK and Europe, with a commitment to target £3 billion of new green infrastructure investment over the next three years, exceeding GIB’s track record of committing £3.4Bn of investment over the 4 and a half years since it was established.

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Huwebes, Abril 20, 2017

£2M government funding to develop Welsh Ports

Ports across Wales invited to bid for share of £2M of Welsh Government funding to develop Welsh ports.

Economy Secretary Ken Skates has today invited ports across Wales to bid for a share of £2M of Welsh Government funding to develop Welsh ports.

Economy Minister Ken Skates said: “It’s clear that continuing and improving links both within Wales and internationally is as important today as it has ever been, and our ports play an important role in this regard.

“We want to see our ports continue to contribute on a local, regional and national level, helping drive a more prosperous and united Welsh economy and I’m delighted to announce this new fund today, which will see our ports come forward with proposals for how best they would use public funding to achieve this.

“I look forward to seeing the proposals and to carry on working with ports across Wales to build on the good work already evident, ensuring they are ready to overcome any challenges and maximise all opportunities.”

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Devonshire homes acquire 12 acres for new homes in Landkey

Local housebuilder Devonshire Homes gets planning permission permission for new Devonshire Homes Development.

Planning Permission has been granted to Devonshire Homes, for the construction of 77 new homes at Landkey, three miles from Barnstaple. The village of Landkey is located adjacent to the A361, with nearby road and rail connectivity plus a selection of independent boutiques, shops and restaurants.

Mazzard View, the development, was granted by North Devon District Council, and will offer a mix of two, three, four and five bedroom homes and includes an affordable homes contribution.

Various contributions are to be made  as part of planning permission and under the S196, which include: £429,391 towards education; £200,000 towards bus service contributions, £125,000 towards improvements to the A361 junction and the development of a Multi Use Games Area.

Devonshire Homes will be working together with Housing Growth Partnership (HGP).

Daniel Stephenson, Devonshire Homes Chairman said: “It’s an exciting year for Devonshire Homes as we strengthen our relationship with HGP. The development at Mazzard View follows the success of our partnership in Cullompton at Rivel’s Green. HGP’s support has been important in helping Devonshire Homes grow and develop in the region.

“We look forward to delivering high quality homes at Mazzard View, that are stylish, practical and sympathetic to their locality.

“We have now received detailed planning permission for the site and are busy putting in place our plans to begin construction this Spring. We will initially open a temporary Marketing Suite followed by a show home before the end of the year and prospective homeowners can visit our website to register their interest now.”

Andy Hulme, Chief Executive Officer of HGP, said: “We are delighted to have assisted Devonshire Homes on the acquisition and development of Mazzard View; through extending our relationship to support a second project we are enabling this well regarded Devon housebuilder to grow.

. “Given Devonshire Homes’ approach to aligning their new homes proposition to best serve the local North Devon communities where they operate we anticipate Mazzard View will be another high quality project which will be attractive to families who want to live in the local Landkey community.”

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Miyerkules, Abril 19, 2017

Crosslane secure planning consent for 583 bed student accommodation in Coventry

Crosslane Student Developments secure planning consent to deliver 83 bed student accommodation development in Coventry.

Crosslane Student Developments, part of the Crosslane Group, have secured planning consent to deliver a 583 bed purpose-built student accommodation development on Friar’s Road in Coventry.

The 19 storey student accommodation scheme will comprise 140 studios and 443 en-suite cluster flats and significant dedicated communal areas, including a common room, along with study room, gym, cinema and kitchen-dining room for entertaining as well as a private outdoor courtyard.

The derelict site is located at the junction of Friar’s Road and St Patrick’s Road, within the city’s main ring road, just to the south of Coventry city centre and a short walk to Coventry University campus, the city’s main shopping centre and train station.

The development is due for completion in time for the 2019/2020 academic year, with Prime Student Living responsible for achieving full occupancy prior to practical completion.

Crosslane has appointed DAY Architectural as the architects for the development.

The University has recently committed to significant investment in its facilities and buildings over the next five years.

Last week, Crosslane announced that it had secured conditional planning consent to deliver a new 117 bed, purpose-built student accommodation development in Leeds.

Mike Moran, Development Manager, Crosslane Student Developments, said: “Crosslane is delighted to have secured planning consent for our first student accommodation development in Coventry following extensive engagement with the local planning authority on the design and a public consultation event that Crosslane hosted for local residents. The proposed scheme will act as a gateway from the station into the heart of the city centre and is a short walk to Coventry University. At 583 beds, the scheme will be a significant contribution to easing the supply/demand fundamentals which persist for purpose-built student accommodation in the city.”

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Additional aviation capacity across UK needed to maintain competitive edge

New paper by Balfour Beatty reveals additional aviation capacity crucial at Heathrow and across UK for post-Brexit Britain.

A paper by Balfour Beatty, the international infrastructure group has revealed today that additional aviation capacity at Heathrow and across the UK will be even more crucial for post-Brexit Britain if it is to keep its competitive edge.

The aviation policy paper, “Getting off the Ground”, said that in order to unlock the growth of emerging markets, a world-class airport hub is the key, warning that a lack of direct connections to emerging markets will hold the economy back, losing trade to countries that are better connected.

The paper states that if work does not begin soon to increase capacity in the southeast, London and the UK will be overtaken by other major European cities as transport hubs. Balfour Beatty backs the controversial plans for a third runway at Heathrow airport and the general expansion of UK runway capacity, calling for the process to be sped up.

Following the UK’s decision to leave the EU, Balfour Beatty conclude that this must be taken into account to secure the future of the UK’s aviation capacity needs. All parts of the UK will need to stay well-connected during post-Brexit. The group calls for an aviation strategy that will improve the country’s connectivity nationally, considering opportunities at all airports to ensure all regions can benefit from better international links and the subsequent economic growth.

Scotland, Birmingham and Manchester are mentioned in the paper as potentially good airports to consider.

Leo Quinn, Balfour Beatty Chief Executive, said: “In a post-Brexit Britain, international interconnectivity will be even more important so it is crucial that we start boosting our aviation capacity sooner rather than later in order to retain our competitive edge in a global market.

“Consideration of where to add capacity must be given not just to London and the South-East but all regions. Failure to take this UK wide approach could see our trade with international markets and potential economic growth fail to get off the ground. The right approach will put aviation at the heart of the UK’s industrial strategy and deliver the economic growth and dynamism that the UK needs.”

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BPF launches three year pledge for Build-to-Rent

Three year pledge on Build-to-Rent sector in response to Housing Minister’s request to industry for family-friendly tenancies.

The British Property Federation (BPF) has given the Government its three year pledge on behalf on the Build-to-Rent sector, with 20 of the sector’s most active investors and developers as signatories.

The announcement is in response to the recently published Housing White Paper, where Gavin Barwell MP has asked the Build-to-Rent sector to focus on family—friendly tenancies with options such as three year contracts for those who need longer-term stability when renting.

The pledge has been published by the BPF and a cohort of the Build-to-Rent’s key members, to demonstrate the commitment to working with the Government to tackle the housing undersupply.

The Housing Paper stated that it will “Ensure that family-friendly tenancies of three or more years are available for those tenants that want them on schemes that benefit from our changes. We are working with the British Property Federation…to consolidate this approach across the sector.”

The BPF’s pledge: “One of the benefits of the UK’s new Build-to-Rent sector is its ability to offer longer tenancies to its customers. We, the undersigned, therefore pledge to offer our customers the option of a three-year tenancy in any of our new build-to-rent buildings. Our customers will not be under any compulsion to take up this three-year tenancy option, and can still opt for shorter terms. To further assist customers with their budgeting, we pledge to review rents no more frequently than once a year or at the end of the initial term, and to set out clearly at the start of the tenancy the basis on which rents will be reviewed. Such tenancies will allow the tenant to break, after a short period of notice.”

Ian Fletcher, Director of Real Estate Policy, British Property Federation commented: “The Build-to-Rent sector welcomes Government’s multi-tenure ambitions for the housing market, as outlined in the recent Housing White Paper, and this pledge underlines one of the many benefits of the sector to Government and the sector’s customers. While many Build-to-Rent providers already offer longer tenancies, our aim is that three-year tenancies become a trademark of the sector.”

Housing and Planning Minister Gavin Barwell says: “Our Housing White Paper sets out plans to create a bigger, better private rental sector for tenants and landlords, and to give renters a fairer deal.

“So, it’s great news that British Property Federation members have pledged to offer family-friendly three-year tenancies for renters in Build-to-Rent properties.

“This Government has already helped deliver more than 10,000 purpose-build private rented homes since 2012. This important move gives additional security to those tenants and their families, as well as encouraging change in the wider market.”

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Martes, Abril 18, 2017

£175M Belfast city transport hub attracts major investors

New transport hub in Belfast city valued at £175M attracts interest of private investors.

A new transport hub worth £175M, which will be situated on an eight-hectare patch of land, is set to replace the Europa Bus Centre and Great Victoria train station complex in Belfast city.

At the MIPIM property investment event in Cannes last month, Belfast City Council said that along with meetings with 20 financial institutions who are showing interest, investors who would consider becoming part of the major public transport project were also present. It is said that these investors have the expertise and track record to consider investment into the adjacent 12-acre regeneration site.

A planning application is due to be submitted this spring, and if this is approved, construction site enabling work is due to start early next year subject to funding. Construction work could start as early as 2019, with the potential to open the scheme is 2021.

In an update to the committee about MIPIM, the council said: “Council are still progressing conversations with investors and developers first engaged in 2016.

“However, this has now been supplemented by meetings with an additional 20 financial institutions and investors that we engaged last month, along with 350 contacts collated overall.

“The growing ambitions for 2018 underpins the requirement to start planning as soon as possible to ensure we can continue to deliver effectively, going above and beyond to ensure the best profile for our city and business opportunities for our Belfast delegation.”

A spokesman for Belfast City Council said: “MIPIM has proved to be an outstanding collaboration between Belfast City Council and the private sector, allowing us to present the city on a global stage to investors and developers.

“Belfast is a hugely compelling proposition for investors and developers, with its highly-talented workforce, infrastructure, lifestyle and other attractions.

“Last year’s visit resulted in the announcement by Signature Living of its plans to open five hotels, creating up to 500 new jobs in Belfast.”

The committee minutes reported that a total of 79 people attended MIPIM, with 38 sponsors contributing £240,350 of private finance.

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Bechtel announced as preferred supplier for HS2

Engineering company, Bechtel has been named by HS2 as the preferred supplier following the controversy over CH2M’s withdrawal last month.

Mace Ltd, who lost out to CH2M, threatened legal action against HS2 Ltd amid allegations of its close ties with the company influencing the decision and asked for the procurement process to be run again.

The new HS2 Chief Executive, Mark Thurston, is a former employee of CH2M as was the case with his predecessor, Roy Hill. Another 25 employees have previously worked for the company, with 37 of the engineering company’s employees also on secondment to HS2.

HS2 denied any impropriety, describing the bidding process as “fair and robust” and claimed neither Mr Hill or Mr Thurston had “any input into or access to the process”.

Bechtel has been awarded the contract despite the procurement exercise not being re-run, with Mace now facing the choice of whether to lodge an appeal against the decision.

A spokesman for HS2 said: “HS2 Ltd can confirm that Bechtel are being taken forward to the next stage of the 2b Development Partner procurement process.

“The bidder now enters the standstill period allowed for under the process prior to contract award. Following discussions, we are confident they are able and prepared to deliver the contract on time, on budget and to a high standard.”

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Lifetime of home buying revealed

Research of 2,000 UK homeowners by Origin reveal a review of home buying.

Research commissioned by Origin, manufacturer of bespoke aluminium bi-folding doors, residential doors, windows and blinds, revealed that the average British homeowner bought their first home at the age of 26, and will live in seven different properties during their lifetime. The research estimated that they will spend £26,295 on redecorating during their lifetime.

UK adults will typically move out of their parent’s home at 21 years old and reside in two rental properties before getting on the property ladder for the first time.

The typical homeowner will end up living approximately 66 miles away from their childhood home, and will only live in two cities their entire life.

The average mortgage will take 20 years and nine months to pay off – costing a total of £134,864.82 in the process.

The research looked at the different stages of property buying for the average British homeowner and how property aspirations change over time.

Ben Brocklesby, Director at Origin, said: “With the cost of moving so high, we have seen that families now choose to improve their current homes, rather than move.

“Many years ago, a home would be for life, but that changed and people started moving as their needs changed – whether it be as a result of new job or starting a family.

“However today, we are seeing a resurgence of people choosing to renovate and improve their current property so it fits with their needs without incurring moving costs.”

On average, respondents will contribute towards two separate mortgages over their lifetime, and will typically look to downsize age 56.

The average UK property is estimated to be worth £249,127 on average among those polled – while the typical mortgage is £542.41 per month.

Of those who have ever had a mortgage, 39% have paid it off, with the largest proportion of them – 27% – aged 55 and over.

Of those surveyed, more people – 29%– live in properties built before the 1950s than from any other period.

The average UK home has three bedrooms, while eight in 10 adults own a home with off-road parking and over half own a house with a garage.

Seven in 10 homeowners jointly own their property with their partner and a fifth received money from their parents to help them get on the property ladder.

A third of home owning Brits currently live in a semi-detached property, over a quarter live in a detached house and 15% live in a terraced home.

The research also explored what UK homeowners of different demographic groups consider to be most important about their homes.

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