Hong Kong investors feel at home in London

While many will argue that it’s the profusion of top-ranked universities, unique heritage and rich culture that sets London apart from other world cities, when it comes to Asian investors and their interest in the property industry, it is all about the numbers. Asians are typically financially rather than emotionally driven when it comes to

Continue Reading

Demand for rental properties across the UK has risen by 18% annually and by 7% since June, while supply has fallen by 19% and 1% respectively

Demand for UK rental property has soared over the past twelve months, with seven tenants now chasing every new property on the market, according to a report. The surge has pushed up rents across Britain, according to Sequence, which analysed the prices of hundreds of lettings from estate agents including Barnard Marcus and William H

Continue Reading

AECOM buys URS

The global consultancy world is set for a mega-merger after AECOM agreed to pay £2.3bn for rival URS Corporation. The deal will see the combined company employ 95,000 people across 150 countries. Michael S. Burke, AECOM president and chief executive officer, said: “This combination creates an industry leader with the ability to deliver more capabilities

Continue Reading

Interserve challenges MoD’s £4bn contract race

Interserve has launched a legal challenge to the award of £4bn worth of defence estate construction contracts to rival Carillion, prompting the Ministry of Defence to suspend the procurement process. The Ministry of Defence’s (MoD) estate arm the Defence Infrastructure Organisation (DIO) has “suspended” the award of three defence estate construction contracts, together worth up

Continue Reading

Skanska wins Project Wellesley

Skanska has won the bid battle to build a new military training centre to replace the Deepcut barracks in Wiltshire. Construction work is to begin later this month on the £250m Worthy Down project in Winchester. The scheme – known as Project Wellesley – will take around five years to complete and will provide accommodation

Continue Reading

£1.1bn in DIO Contracts Awarded…

The Defence Infrastructure Organisation this morning announced the award of £1.1bn worth of deals. This included its national housing prime and Scotland and Northern Ireland prime contracts, which were secured by the joint venture partners. An Interserve subsidiary, Landmarc Support Services, also picked up a big win for the national training estate prime deal worth

Continue Reading