The latest figures from the National House Building Council (NHBC) report a growth in the number of UK homes registered to be built with 13,527 new homes registered in April this year – an increase of 21% compared to same period 2018. Of these, private sector registrations climbed to 9,972 from 7,427 in April 2018. NHBC.
Lendy, the peer-to-peer (P2P) investment platform for property lenders, went in to administration on 24th May, leaving more than £165m of customers’ cash on the line. More than 20,000 individual investors have been affected. The Telegraph.
Housebuilder Redrow is set to launch a national TV advertising campaign this month aimed at challenging “out-dated perceptions” of new homes. Redrow’s “They Say…” campaign promotes the firm as a “premium alternative” to second hand homes while aiming to debunk existing myths revealed in a Zoopla Smarter Property Solutions Survey. Housebuilder.
Transport for London (TfL) has announced that BAM consortium has won London’s £1bn Silvertown Tunnel project. The deal will see the consortium design, build, finance and maintain the new London river crossing under the Thames in east London for TfL. Work begins later this year, with a planned opening in 2025. Global Construction Review.
Places for People – which is responsible for nearly 200,000 homes across the UK – has signed a £100m modular housing deal with Ilke Homes to deliver 750 factory-built homes. 250 will be for new sites and 500 will be for existing sites. Building.
Balfour Beatty plc shares rose on Friday after the infrastructure company announced their joint venture with Fluor has won a bid for the $1.7bn (£1.3bn) Interstate 635 LBJ East project on behalf of the Texas Department of Transportation. Proactiveinvestors.
Housebuilder Telford announces its final results for the year ended 31 March 2019, reporting record total revenue up 12% to £354.3 million compared to £316.2 million in 2018. The proportion of build to rent developments have increased to 31% (2018: 21%). In excess of 300 build to rent homes have been completed and handed over to date, with a further 1,422 currently in progress. Telford Homes.
Battersea Power Station says Phase 2 buyers can pull out after previously admitting that Phase 3a would miss guaranteed completion dates for homes. The company behind the redevelopment – the Battersea Power Station Development Company (BPSDC) – has given buyers on the scheme’s second phase the opportunity to back out because of delays to completing their homes. Building.
County Antrim building firm, Dixons Contractors, has been placed into administration. The company, which has been trading for 40 years, employs around 90 people. Based in Dunloy in Northern Ireland, it has three divisions – Dixons Construction, Dixons Homes and Dixons Facades. BBC.
Homes England has created a £55million fund with 12 local authorities to deliver 4,000 new homes across the country. MP Kit Malthouse said: “This £55 million funding boost will help councils get 4,000 new homes built across the country using the latest modern methods that cut down on construction time … We must keep building more, better, faster to meet our ambition to building 300,000 homes a year by the mid-2020s.” UKConstructionmedia.
The Home Builders Federation (HBF) is urging the Mayor to withdraw his new Draft London Plan to avoid the potential for a shortfall in housing in London. The HBF says it has “grave reservations” about the Plan and its ability to deliver 66,000 homes each year up to 2029, warning that it does not properly identify the land to build on but relies on an overly theoretical approach to future housing land supply. Home Builders Federation.
Temporary planning permission rules are being made permanent, allowing homeowners in England to build bigger extensions without planning permission. Additions to terraced and semi-detached homes can be up to 6m, while detached houses will be able to add even larger structures, up to 8m long. Neighbours will still be consulted and can raise objections to extensions. BBC.