McCarthy & Stone reported encouraging half-year results despite market conditions it describes as “challenging”. In the six months to the end of February, house completions were up 11% and average sales prices were also up by 7% (to £319,000). Housebuilder.
The retirement housebuilders are also ramping up discounts and part exchange deals in a bid to attract potential buyers who face problems selling their own properties. The initiatives are expected to help the company achieve its output targets for the coming financial year. Building.
Housing association Catalyst – which has 21,000 homes in London and the south east – has appointed Philip Jenkins as its new director for development ahead of the association’s acquisition of 9,000 homes formerly managed by Bedfordshire’s Aldwyck housing association. Inside Housing.
The Cabinet Office has warned builders that they face losing government contracts unless they pay at least 95% of the invoices they receive within 60 days. Records reveal that none of the country’s biggest contractors yet meet that deadline. Building.
The Welsh Federation of Master Builders (FMB) has praised the principality’s Self-Build Wales scheme, which is to be funded to the tune of up to £210 million and represents an opportunity for many small building contractors to re-engage in housebuilding, says the president of the FMB in Wales. Building Britain.
McLaren looks set to win the contract for building a giant music venue – known as the Sphere – in London’s East End. The estimated £800m development project is the first foreign venture by owners the US-based Madison Square Garden Company. Building.
A cross-party national consultation committee has urged the government to take drastic steps to promote the development of further social housing so that families and individuals are not living in overcrowded or unsuitable conditions. Building Britain.
A project by local architect Peter Barber in providing 26 homes built around a central courtyard on McGrath Road, in London’s Stratford, is lauded as an imaginative approach to housebuilding in urban centres. The Guardian.
A major development site in East London, on which 325 new homes (across five to 10-storey blocks) are planned, has been sold by its present owners, Inland Homes, to the Clarion Housing Group. The deal is believed to have been worth £77.7 million. Inside Housing.
The Church of England has proposed 9,000 new homes (2,500 of which would be classified as affordable) on its excess land. The church is already working with contractors and local authorities in parts of Essex, which will see the construction of 600 affordable homes. Architects Journal.
The site of the former landmark Pontings department store on London’s Kensington High Street is to be redeveloped by ISG in a £47 million deal for the construction of a mixed-use scheme. The 100-year old department store closed in 1970. Building.
The shortlist has been announced for 2019’s Architect of the Year Awards to be held on the 1st of May at London’s Westminster Park Plaza Hotel. Building Design.
Norfolk House – a building in London’s Westminster, used by General Eisenhower as his Allied headquarters during World War II – is to be redeveloped in a £60 million office block project. Norfolk House has occupied the site since 1722, although the present building was erected in 1939. Building Design.
Inland Homes – a for-profit housing association and developer – has announced that it is looking for new private investors to enable it to buy more homes and spearhead company growth. The additional investment is understood to be focused on its purchases of affordable housing. Inside Housing.
Following controversial comments during a press interview, Sir Roger Scruton, chairman of the government’s Building Better, Building Beautiful Commission has been relieved of his position by housing secretary James Brokenshire. Housebuilder.
The Regulator of Social Housing (RSH) has expressed concerns about potential risks to investors in certain schemes to finance specialist supported housing (SSH). The schemes are based on investment funds leasing homes to housing associations over the long term. Inside Housing.