Search Results for: construction

Commercial sector bucks downward UK construction trend

Construction figsConstruction business activity fell by the third month running in January, with new orders at slowest pace since October 2012 according to the latest Markit/CIPS UK Construction Purchasing Managers’ Index (PMI). There were some reports that snowfall had contributed to reduced output volumes, but the majority of respondents cited weak underlying client demand and a lack of new projects.  However commercial activity was the only sub-sector to buck the wider downward trend in output during January with the latest data indicating unchanged volumes of commercial activity, ending five months of contraction. (more…)

Gulf construction and fit-out continues to boom, claims report

Abu DhabiThe total value of building projects in Gulf Cooperation Council states will exceed $80 billion this year according to a new report from dmg::events* in conjunction with consultancy Ventures Middle East. The survey concludes that this year will see a near one fifth increase in the overall value of projects up from nearly $69 billion in 2012 to $81.6 billion in 2013. Meanwhile the interlinked market for interior contracting and fit-out in 2012 was valued by the report at $7.86bn – a 56 per centincrease on 2011. The UAE continues as the the region with the largest interiors spend ($2.83bn), followed by Saudi Arabia ($2.6bn) and Qatar ($1.49bn). (more…)

Changes to Construction and Design Regs delayed

Proposed changes to the Construction and Design Management Regulations (CDM) 2007 have been delayed. The draft changes will now only be presented to the Health and Safety Executive (HSE) Board for consideration in March 2013 at the very earliest. The CDM regulations, apply to all construction work in the UK, comprising construction, alteration, fitting-out, commissioning, renovation, repair, upkeep, redecoration or other maintenance, decommissioning, demolition or dismantling, underwent a review last year, with industry practice found to have a significant influence on how the regulations are implemented. (more…)

CPA: UK construction activity will fall in 2013

The UK’s Construction Products Association (CPA) has today reported that it expects overall construction activity in the UK to fall by around 2 per cent this year, with most of the decline attributed to a greater than 5 per cent drop in commercial projects. Particularly concerning is the fact that the Government’s austerity measures with regard to public sector investment have not been offset by an increase in private sector activity. However these figures still represent an improvement on the 9 per cent fall of 2011.  (more…)

UK construction set for growth, say surveyors

Following the recent news that the UK’s construction sector had suffered a significant fall in the final quarter of 2012, better news emerges from the Royal Institute of Chartered Surveyors with a report indicating that the UK construction market is expected to turn a corner this year as the government’s focus on infrastructure starts to generate returns. Chartered surveyors are predicting that output is set to increase in 2013 according to the latest RICS construction market survey. (more…)

UK construction hits new low as service sector shrinks

Graph Down ArrowThe three little words nobody wanted to hear at the start of 2013 are triple dip recession. Yet even as the US managed to avoid its own fiscal cliff at the turn of the year, two reports raised fresh fears that the UK’s recovery would be postponed for a while yet. According to the Markit/CIPS Purchasing Managers’ Index, UK construction hit a six-month low as the sector dropped from an index of 49.3 in November to 48.7 in December. This is well below the index of 50 which indicates a contraction in activity. Meanwhile another report from Markit/CIPS reported an unexpected fall in the UK’s service sector. (more…)

Circular design and human-centred innovation celebrated at BCO National Awards

Circular design and human-centred innovation celebrated at BCO National Awards

An office built entirely on circular design principles, a 3,300 sq m living wall and the transformation of a Victorian infirmary into a modern workplace were among the projects recognised at the British Council for Offices (BCO) National Awards. Held on 7 October at the JW Marriott Grosvenor House in London, the event brought together more than 1,200 senior figures from across the office sector to celebrate excellence in workplace design, development and operation. (more…)

Mitsubishi Estate announces £800 million London Southbank mixed use development

Mitsubishi Estate announces £800 million London Southbank mixed use development

The Japanese developer will deliver a 600,000 sq ft mixed-use scheme, to be called Vista, which will combine offices, studios, galleries and exhibition areas. As part of the development, 40,000 sq ft has been allocated as affordable workspace for creative businesses, a measure intended to support start-ups and smaller firms in the sector.Mitsubishi Estate has announced plans to invest £800 million in the redevelopment of the former ITV Studios site on London’s South Bank, a project that is expected to create 4,000 jobs and provide significant new space for the capital’s creative industries. The Japanese developer will deliver a 600,000 sq ft mixed-use scheme, to be called Vista, which will combine offices, studios, galleries and exhibition areas. As part of the development, 40,000 sq ft has been allocated as affordable workspace for creative businesses, a measure intended to support start-ups and smaller firms in the sector.

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Climate health risks threaten global productivity, warns WEF

Climate health risks threaten global productivity, warns WEF

Climate-related health impacts could strip at least $1.5 trillion from global productivity by 2050, according to a new report from the World Economic ForumClimate-related health impacts could strip at least $1.5 trillion from global productivity by 2050, according to a new report from the World Economic Forum (WEF). The study warns that food and agriculture, the built environment, and health and healthcare are among the sectors most at risk unless businesses take urgent steps to adapt. The report, Building Economic Resilience to the Health Impacts of Climate Change, produced in collaboration with Boston Consulting Group, highlights the growing economic burden of heat stress, infectious disease and other climate-driven health threats. It argues that protecting workforce health is now a strategic priority, not only for humanitarian reasons but also to safeguard business continuity and economic stability. (more…)

Ten projects named as 2025 Urban land Institute Europe Awards for Excellence finalists    

Ten projects named as 2025 Urban land Institute Europe Awards for Excellence finalists    

Ten projects from eight countries across the EMEA region have been announced as the finalists in the sixth annual Urban Land Institute Europe Awards for ExcellenceTen projects from eight countries across the EMEA region have been announced as the finalists in the sixth annual Urban Land Institute Europe Awards for Excellence, which recognise exemplar projects and programmes in the private, public, and non-profit sectors. This year’s finalists comprise cutting edge refurbishment, restoration and new build projects, and include residential, healthcare, mixed use, education, community, laboratory and office projects from Italy, Germany, the UK, Belgium, Sweden, Denmark, France and Spain.    (more…)

Merck scraps plans for £1 billion London research centre in blow to life sciences sector

Merck scraps plans for £1 billion London research centre in blow to life sciences sector

US pharmaceutical company Merck, known as MSD in Europe, has withdrawn a planned £1 billion investment in a new discovery centre in London, citing the UK’s challenging environment for life sciencesUS pharmaceutical company Merck, known as MSD in Europe, has withdrawn a planned £1 billion investment in a new discovery centre in London, citing the UK’s challenging environment for life sciences. The decision will result in the closure of discovery research operations in the country and the loss of 125 jobs, although other research activities will continue. The facility, a 25,000 square foot headquarters in the Knowledge Quarter near King’s Cross, had been under construction and was due to open in 2027. The cancellation comes at a time when the government has identified life sciences as a key growth sector in its industrial strategy, with ambitions to make the UK Europe’s leading life sciences economy by 2030 and the third most significant globally by 2035. (more…)

UK office take-up reaches highest level in three years

UK office take-up reaches highest level in three years

Office take-up across the UK has reached its highest level in three years, according to new figures from CBRE.Office take-up across the UK has reached its highest level in three years, according to new figures from CBRE. The total for the twelve months to the end of the second quarter of 2025 stood at 20.3 million square feet, the highest rolling annual figure since the third quarter of 2022. CBRE reports that activity was strongest in the first half of 2025, with occupiers continuing to focus on high quality, well-located space. The firm says demand is being driven by a combination of business expansion, lease events, and the desire to secure the best available stock in a competitive market. (more…)