In The Spotlight
Triax Technologies, Inc., a leading provider of technology for the connected jobsite, announced it is collaborating with Oracle Construction and Engineering to help customers transform their businesses through innovative technology and real-time data.
Pulte Homes will hold a grand opening on April 14 for its new clubhouse at Parkview at Hillcrest, a community on Hillcrest Drive just west of Interstate 95.
The Institution of Civil Engineers (ICE), the world’s most respected professional engineering association, in partnership with AECOM, a premier, fully integrated global infrastructure firm, and MTR Corporation, unveiled the world’s longest span bridge built with LEGO® bricks, at ELEMENTS in West Kowloon, Hong Kong.
The UAE’s finest carpenters, technicians, and expert tool operators ground, cut, crimped, and drilled their way to glory in a live competition at the Middle East’s dedicated trade fair for hardware, tools, machinery, and materials in Dubai this week.
Dubai’s trade for hardware and tools was valued at AED4.8 billion in 2017 according to figures released today (2 April) by Dubai Customs, as the Middle East’s dedicated exhibition for hardware, tools, and machinery gets underway.
Global magnet for the industry R+T Asia 2018, held March 20-22 in Shanghai, set new records. The total number of visitors increased by 10 percent over the 2017 show , exceeding 34,000 visitors and 500 exhibitors.
Rising oil prices and increased government spending is fuelling demand in the GCC’s construction sector, with contractor awards across the region’s building, infrastructure and energy markets expected to be worth US$148.7 billion in 2018, a report published today has said.
BAM Construction has been appointed as lead contractor to deliver 100 Embankment, the second and final phase of the Embankment scheme in Salford’s Greengate neighbourhood.
The news follows the announcement last week that Tristan Capital Partners and joint venture partners Ask Real Estate and the Richardson Family have finalised the forward funding agreement with Salford City Council which will trigger the start of work on site. Carillion was originally lined up to deliver the second Embankment building but Ask initiated its contingency plans and commenced discussions with BAM earlier in the year when it became clear that a new contractor would be needed.
100 Embankment is scheduled for delivery in early 2020 and work will now start on site.
The 9 storey 166,000 sq ft BREEAM Excellent Grade A office building will sit alongside sister building, 101 Embankment, which is now the headquarter offices of Swinton Insurance Group. Located on the site of Manchester’s historic Exchange Station and overlooking the city’s Cathedral, the development sits at the heart of the joint city centres.
Ian Fleming, Director of BAM Construction in the North West, said:
‘We are extremely pleased to be selected as construction partner to deliver 100 Embankment on this historic city centre site. Our deeply embedded collaborative culture and technological skills mean we are ideally suited to creating a building with a sustainability rating of BREEAM Excellent. It is equally important that we are able to add social value, working with local supply chains and assisting with life opportunities such as apprenticeships.’
The City Mayor of Salford, Paul Dennett also said:
‘The announcement that BAM is in place to drive forward the delivery of 100 Embankment means we can start to focus on securing an occupier which will deliver hundreds of additional jobs which is great news for the City of Salford.’
On behalf of the Joint Venture, John Hughes, Managing Director of Ask Real Estate said:
‘We are delighted to be working with BAM who have extensive experience and are well respected in the industry. The fact that they have been able to meet our complex requirements within such a short space of time is testament to their solid credentials.’
Located opposite Manchester Cathedral Embankment stands above a 442-space underground car park operated by Q-Park, and is fringed by retail and workspace units. The location offers a wide range of retail, cultural and leisure opportunities and is well-served by a range of public transport options, with Victoria Station and Metrolink in close proximity.
CBRE and Cushman & Wakefield are the retained agents for Embankment
Skanska invests EUR 96 M, about SEK 960 M, in an office project in Helsinki, Finland. The building will be the office for the European Chemicals Agency, ECHA, who signed the lease agreement in December 2017.
The investment will be recorded in the first quarter of 2018. The construction contract is worth EUR 86 M, about SEK 860 M, and will be included in the order booking for the first quarter of 2018.
The eight store office building will be built at a central location in the Telakkaranta area in Helsinki. The area is one of the very last old industrial sites in downtown Helsinki and the project will include elements of the history of the site. A listed building, an old red-brick woodwork shop, will be part of the new building.
Also, an old foundry building located next to the ECHA building will be entirely renovated into a conference and events center. The entire area will be transformed in to a modern hub that will also include residential and other premises.
In total the EHCA building complex will comprise about 17,500 square meters of leasable space. Work has already started, and construction of the new premises is expected to be completed in the end of 2019.