KIER DROPPED FROM MAJOR LEEDS AND LONDON SCHEMES
Kier dropped from major Leeds and London schemes
Kier has been dropped from major development schemes in Leeds and London amid deepening concern about the firm’s prospects.
Caddick's SOYO plan for a new New-York style housing and cultural district in Leeds
The Enquirer understands that Caddick Developments no longer plans to use Kier to deliver the first phase of its flagship £300m mixed-use scheme at Quarry Hill in central Leeds where work was due to get underway this summer.
Kier Northern was earmarked to deliver the project last year and had been preparing to start work on over 500 private rental flats in two 16-storey blocks forming an area to be known as New York Square.
It has also emerged that another big developer British Land has recently decided not to proceed with Kier on its £300m Norton Folgate scheme near London’s Spitalfields Market where the contractor had delivered the preconstruction phase.
British Land will now retender the mixed-use project, which involves overhauling several existing derelict warehouses and new building blocks on vacant sites.
On the Leeds SOYO scheme, developer Caddick is now understood to be looking at delivering the job for its Moda Living rental arm using its in-house construction team.
A source told the Enquirer: “The rumour is the funder was nervous about Kier’s prospects.
“It is a big hit for Kier in the Yorkshire region as it was worth around £40m of turnover for them next year.”
Caddick is understood to have employed six Kier staff who were involved in the SOYO project, but was not available for comment.
A Kier spokesperson said: “MODA Living has been an excellent client to work with throughout the tender phase of the SOYO scheme and we look forward to seeing this exciting regeneration scheme develop in Leeds.
“We have a strong pipeline of work in Kier Regional Building Northern.
“We look forward to completing our flagship project, St Albans Place and continuing work on other projects across the region, including Park Hill in Sheffield and Dixons Sixth Form Academy in Bradford.”
British Land’s planned Norton Folgate scheme viewed from Shoreditch High Street
Commenting on the Norton Folgate scheme, she said: “We have been working closely with British Land and are pleased to have completed the design and preconstruction phase of the Norton Folgate development.
“We have mutually agreed not to proceed with the main build element of the project and wish them every success with the development.”
Original Source - Construction Enquirer
MORE THAN 160,000 STILL FURLOUGHED AT END OF APRIL
More than 160,000 construction workers remained on furlough at the end of April, new figures have shown. Data released by the government this week showed that 166,600 roles in the sector were bei ...
CONSTRUCTION LEARNERS TO GET SITE SKILLS CARDS
Construction trainees will soon be given their own skills cards to help oversee work placements. The new Industry Placement Card will help support learners transitioning from the classroom into the ...
NUMBER OF FURLOUGHED CONSTRUCTION WORKERS FALLING FASTER THAN WIDER ECONOMY
Number of furloughed construction workers falling faster than wider economy Latest HMRC data shows size industry’s furloughed workforce shrank by 15% in March The numbe ...
WILL THEY COME BACK? WHY BRITISH CONSTRUCTION LOST ITS EASTERN EUROPEAN WORKFORCE
In recent weeks, a persistent rumour has been circulating about migrant workers in construction. The specifics differ, but the central premise is the same: ‘foreign workers have taken the govern ...
CONSTRUCTION OUTPUT GROWS BY 1.6% IN FEBRUARY
Construction output grew by 1.6% in February 2021, largely thanks to a 1.5% increase in new work and 1.9% increase in repair and maintenance, as the industry maintains its recovery The level of constr ...
IR35: RISHI SUNAK URGED TO AMEND ‘FLAWED’ OFF-PAYROLL RULES TO ENSURE SELF-EMPLOYED RIGHTS
IR35 LEGISLATION must be re-examined to correct the "fundamentally flawed" nature of how off-payroll rules operate, a group of MPs have said. IR35 changes kicked in this month, following a year of del ...