London Capital & Finance: £236m firm collapses. Thousands of people who invested in a high-risk bond scheme marketed as a “Fixed Rate ISA” fear they have lost everything after the company collapsed. BBC
Infrastructure engineers Interserve have been described as the “next Carillion”, as it faces the prospect of administration in response to an estimated £650m of debt. With a UK workforce of some 45,000, the company is criticised for having seriously underbid to win government contracts at the same time as paying out big salaries and dividends. BBC.
The Clarion Housing Group – the UK’s largest housing association – has announced plans to build 650 homes in the London Borough of Brent. The development of two separate sites in the borough will include a significant proportion of homes for shared ownership and for affordable rent. Inside Housing.
The opening of London’s Crossrail project has been postponed yet again, with a revised date planned for release to the media in the second quarter of this year (by the end of June). Building.
Housing association the Peabody Trust intends to build some 1,000 new homes – 60% of which will be “genuinely affordable” – on the site of the former Holloway women’s prison in north London. Work on the 10-acre site is planned to start in 2022 with scheduled completion in 2026. Guardian.
An amendment has been published to the official Housing Health and Safety Rating System (HHSRS) for assessing risks to high-rise flats with cladding systems. A detailed, worked example has been included to provide guidance illustrating the handling and management of high-rise buildings with dangerous ACM cladding. Gov.UK.
The Futurebuild conference at the ExCel centre in London addressed the question “The Quality Challenge – why can’t we build better buildings?”, with keynote speakers from the Royal Institute of British Architects (RIBA), the Royal Institution of Chartered Surveyors (RICS), the Chartered Institute of Building (CIB), and the National House Building Council (NHBC). Futurebuild.
The government has published a guide for tenants to the Homes (Fitness for Human Habitation) Act 2018, which comes into force on the 20th of March. The guidance explains how tenants of private sector rented accommodation may seek a court order directing the landlord to take any action considered necessary for making the dwelling “fit for human habitation”. Gov.UK.
Alex Vaughan will take over as Chief Executive of infrastructure giant Costain after the group’s AGM in May. He succeeds 56-year old Andrew Wyllie, who has held the Chief Executive role for the past 14 years and is leaving to pursue a variety of non-executive roles elsewhere. Construction Index.
Inland Homes have exceeded expectations by posting pre-tax profits for the six months ending in 2018 of £5.5 million – a fall in profits had previously been forecast. The results follow a reduced number of private housing completions (81 in 2018, compared to 96 the previous year), but the number of homes currently under construction has risen to 1,057 (from 560). Housebuilder.
The National House Building Council (NHBC), in conjunction with the Home Building Skills Partnership (HBSP), has announced this year’s schedule of free, fully-funded Brickwork Masterclasses. Each session is just 90 minutes long, may be delivered onsite to up to 16 individuals, and offers practical guidance on improving brickwork standards and quality, together with implementing good onsite practice. NHBC.
Mace are under renewed pressure to complete the new Tottenham Hotspur football ground on schedule now that UEFA has confirmed that Spurs may stage quarter finals for the European Champions League at its new stadium. Spurs made it into the last eight of the competition following their win over German club Borussia Dortmund. Building.
More than a year after its scheduled completion, Interserve and its partner B&W have finally handed over another “energy from waste” (EfW) plant in Templeborough, near Rotherham. ENDS Waste & Bioenergy.