In February 2021, contract awards increased by 11% compared to January to £4.7bn, this remains below average levels, but underlying activity has increased as no single project was valued over £200m. Similarly to January, distribution centres make up two of the top four contract awards. The latest edition of the Economic & Construction Market Review […]
Midlands based advisers, Smith Cooper Corporate Finance and Flint Bishop Solicitors recently acted on a deal that sees Loughborough headquartered Pendragon Holdings, which trades as CR Civil Engineering Limited (CRC), sold to the UK’s leading environmental, engineering and technical services provider, RSK Group Limited (RSK). The business of CRC was formed in 2000 by Carl […]
Leumi UK, the London-based subsidiary of Israel’s leading international bank, has closed an eight-figure facility with property developer Rushbond Group to support the redevelopment of the10-acre former mill building Stonebridge Mills and surrounding land in Leeds. The development will provide 112 residential units comprising a mix of two, three and four-bedroom homes, 30 of whichare […]
Hilltop Credit Partners (“Hilltop”), a UK-based specialist development funding partner, has secured investment from Metropolitan Real Estate (“Metropolitan”), the global real estate multi-manager platform. As part of this, Hilltop will target to deploy up to £300m over the next three years to finance the construction of over 1,000 new residential units across the UK, with […]
Paragon Bank continues to support UK SMEs, providing a funding package of £865,000 to Nuneaton-based demolition specialist, AR Demolition Ltd. AR Demolition approached Paragon for support in order to update some of its fleet with the latest machines and equipment to ensure that the business remains at the forefront of the sector. The funding package […]
Multi-million-pound funds to kick-start the regeneration of derelict urban land across the West Midlands have created more than 3,700 new jobs and nearly 1.7 million square feet of commercial floor space. Latest figures show that 120 acres of former industrial (brownfield) land, the equivalent of around 80 football pitches, have been transformed into new offices, […]
Analysis of industry data by Mactavish, the specialist outsourced insurance buyer and claims resolution expert, reveals that 44,430 UK construction firms closed in 2020. This was 4.16% higher than in 2019, 18.42% higher than in 2018 and 21.54% more than in 2017. There were only 37,485 construction firms that launched in 2020, 26.2% lower than […]
There are three major forces that are due to shape the built environment over the next 20 years: digital technologies, climate change and demographic shifts. Construction has a major role to play, a moment to shine, turning powerful threats into forces that shape a better Britain. The answer lies not simply in technical fixes. The […]
Bibby Financial Services (BFS) has provided a £4m invoice discounting facility to investment group Modular Group Investments to support the acquisition of Euramax Solutions Ltd, one of the UK’s leading window and door manufacturers. Servicing both commercial and residential businesses in the UK and Ireland, Euramax specialises in PVCu windows and covers developments of all […]
Hambros Secured Lending has relaunched as Impact Lending, a new business arm in the Impact Capital Group that will provide financing solutions to external developers, including a unique product range dedicated to sustainable construction. Impact Lending will offer a new and unique product range that focuses on sustainable construction. The new and exclusive Sustainable Construction […]
