Commercial News | Latest Construction News - Part 13

Commercial News

Contract Journal provides the latest commercial news related to the construction sector in UK. Commercial News articles will help you know better about the current trends of the construction industry, and also it helps you to track the performance of top companies and what are all the projects trending in the market.

Segro to invest £2bn on net-zero warehouses in Midlands

SEGRO commits to £2bn development programme in the West Midlands

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By the end of 2033, the company hopes to have built 13.5 million square feet of environmentally friendly warehouse space throughout the West Midlands,...
GMI Construction trebles turnover to £360m

GMI trebles turnover and plots more growth

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Due to a shift to more complex and higher-value projects, Leeds contractor GMI Construction Group's turnover will triple to £360 million in the fiscal...
Travelodge eyes plans for another 300 hotels

Travelodge plans to open 300 more hotels across UK

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Travelodge offered new hotels in an email to 220 local administrations in Britain to support their regeneration efforts. The company opened six new hotels...
Galliford Try and Midgard bag 350 homes deal at Brent Cross

Galliford Try and Midgard win a 350-home build-to-rent contract

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Galliford Try and Midgard have been chosen by joint venture developers Related Argent and Invesco Real Estate to carry out two significant residential developments...
Hope for 2023 start on £450m Sunderland film studios

£450m film studios plan to make Sunderland a European industry leader

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The Crown Works Studios will be built on ground that extends up from Pallion Shipyard on the banks of the river Wear, according to...
BAM wins £290m Truro women and children’s hospital

BAM wins £290m Truro women and children’s hospital

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The £290 million project will replace the existing Princess Alexandra Wing at the Royal Cornwall Hospital in Truro. The proposed 24,500m2 building will house...
Balfour Beatty bags £17m Kincardine Bridge upgrade

£17m Kincardine Bridge upgrade to go ahead with Balfour Beatty

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The project will involve demolishing the Kincardine Bridge's southern piled viaduct and replacing it with a completely new reinforced concrete structure, with main construction...
Inflation added £23bn to the cost of construction last year

Inflation ‘adds £23bn to annual construction output costs’

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This is the first time annual construction value has surpassed £200 billion, representing a 15% increase in nominal terms over 2021 output values. According...
Mace wins £150m over-station job at Liverpool Street

Mace appointed to £150M Liverpool Street over-station development

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For the £150 million development at 1 Liverpool Street in the City of London, Mace has been chosen as the principle contractor. After being...
Australian firm to buy £300m gigaplant backer Britishvolt

UK battery startup to be acquired by an Australian company

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The favoured bidder for the auto battery manufacturer Britishvolt, which entered administration last month, has been identified as an Australian company. When project funding...

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