Retail and Hotel news and contracts
Midas sees margin fall to 0.3% as turnover risesSubscription
Profit margins at Midas have slumped to 0.3 per cent as clients force down prices, according to the firm’s end-of-year accounts.
Kier lands £39m B&M warehouse job in BedfordSubscription
Kier has won the contract to deliver a £39m regional distribution facility for value retailer B&M.
Lidl will help deliver schemes with the potential to create 3,000 new homes in London over the next three years, the company has announced.
Hammerson has delayed Laing O’Rourke’s start date for the £1.4bn extension and refurbishment of Brent Cross shopping centre beyond 2019.
Vinci lands £75m Trafford Centre expansionSubscription
Vinci has won the contract to deliver a £75m expansion of the Trafford Centre in Manchester.
Features and analysis
“We’ve had some successes over the years in our quest to meet the high expectations of customers. We’ve also had billions of dollars’ worth of failures along the way.”
From selling books and groceries through to drone delivery and robot PAs, Amazon seems to have a hand in everything. Should construction feel emboldened or threatened? James Wilmore finds out.
In west London contractor Willmott Dixon is working on a tiny site to create a development of epic proportions.
The firm is employing a never-before-used technique to upgrade an outdated shopping centre. Damon Schünmann went to have a look.
As another year comes to an end and our business plans are firmed up for 2018, it is worth reflecting on how the retail market has reacted in 2017 and look forward to the emerging themes in the year ahead.
In the boardrooms of British businesses there is growing talk of the war for talent – how to recruit the best and brightest from around the world, particularly post-Brexit.
Nuclear power, proton beams and even Chinese modular hotels have featured in the biggest site reports this year.
Stadiums, towers and listed refurbs – the 10 schemes worth keeping a close eye on as 2018 unfolds.
Sainsbury’s and Asda could be forced to sell stores to satisfy competition concerns over their £13bn tie-up, analysts have claimed.
Bowmer & Kirkland and Eric Wright have been shortlisted for the deal to redevelop Kirkby town centre in Merseyside.
Hammerson pulls out of £3.4bn Intu takeoverSubscription
Hammerson has advised its shareholders to vote against the £3.4bn takeover of rival Intu.
Laing O’Rourke and Vinci have been shortlisted for a £300m commercial development in Chester.
Hammerson’s board has unanimously rejected a £5bn takeover bid from European retail developer Klépierre, calling its offer “wholly inadequate” and “entirely opportunistic”.
Travelodge to invest £340m in hotel estateSubscription
Travelodge has revealed plans to build 20 new hotels with a combined value around £240m.
Construction starts were 7 per cent lower in the three months to February thank the same period 12 months ago, construction intelligence provider Glenigan.
Morgan Sindall wins £50m Leicester contractsSubscription
Morgan Sindall has won the contract for £50m of mixed-use developments and infrastructure upgrades in Leicester.
PMI: Carillion collapse hits activity in JanuarySubscription
Carillion sells stake in £150m Durham JV schemeSubscription
Travelodge targets council land in expansion plan Subscription
Laing O'Rourke wins £700m Brent Cross expansionSubscription
Manchester leads offices and residential boomSubscription
McLaren wins £90m Kent shopping centre expansionSubscription