The uncertainty surrounding Brexit presents a number of challenges for housing associations, but it has not undermined their strong financial situation, says the Regulator of Social Housing (RSH). Housing associations together have some £20.4 billion in unused borrowing still available to them. Inside Housing.
Bids are sought from site works firms for the erection of 200 temporary modular homes in London. £15 million has been set aside for the project to provide high-quality, temporary accommodation options in the capital for its homeless. Building.
The Southern Housing Group – owner of some 28,000 social housing properties – has registered a dip in post-tax profits for the year. They are down to £38.6 million compared to last year’s £44.9 million and the fall is blamed on the group’s increased spending on fire safety. Inside Housing.
The government has announced some £2 million earmarked for local councils to use in their combat against illegal development on the Green Belt. The extra funding is designed to help with hiring enforcement officers, implementation of new technology, and legal costs associated with bringing rogue developers to task for their illegal developments. Gov.UK.
The Regulator of Social Housing (RSH) has exercised its statutory powers to appoint three members of the board of Westmoreland Supported Housing Limited, which helps local authorities meet the housing and accommodation needs of vulnerable adults with physical and learning disabilities. Gov.UK.
Housebuilder Redrow has struck two build-to-rent (BTR) deals worth a combined value of £183.5m with property investment firm Realstar. 513 new homes for rent will be built by Redrow in Southall and Colindale in London and will be managed under Realstar’s Uncle brand. Construction Index
The latest government update reveals there are 324 buildings with ACM cladding systems – equivalent to nearly 25,000 high-risk homes across England still clad with the aluminium composite material system blamed for the Grenfell Tower fire. Building.
In their annual report, the Institute of Student Employers (ISE) reveals that graduate labour jobs within the construction industry market have increased by 35%. Since the 2008 recession, graduate jobs have only increased in any sector greater than 10% twice – in 2013 and 2014. This latest increase suggests a level of stability in the public and construction sectors despite the current political and economic instability. UK Construction Media.
One of the UK’s largest housing associations, the Orbit Group – landlord of more than 40,000 homes – has seen its retained profits increase by nearly one third to £85 million, thanks largely to the value of the private rented portfolio it owns. Inside Housing.
The possible merger of Galliford Try and Bovis Homes would result in the creation of the UK’s fourth-biggest housebuilding company. Countrywide coverage is certain to be assured since Galliford is already building homes anywhere from Penzance to Newcastle, while Bovis continues to focus on the Midlands and the South. Property Reporter.
Vinci Construction has won the design and construction contract for Hull’s major £130 million Albion Square regeneration project in an initial £2.6 million agreement. The 1.7-hectare site is destined for mixed use, with shops, housing, leisure and improved parking facilities. World Construction Network.
Derbyshire-based contractor Bowmer + Kirkland has been picked to build the first phase of the £80m Leicester Space Park. The contractor will be responsible for creating a £14m university building of just under 5,000m2 gross internal floor area. The building will be used for accommodation, teaching, offices and laboratories. Building.