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Construction”. Posted via Industry Today. Follow us on Twitter @IndustryToday Continue Reading
Building and civil engineering company Britcon has secured a £1 million contract to deliver new speculative industrial premises in phase two of a new development at Markham Vale in Derbyshire.
Britcon has been appointed to build the 15,000 sq ft unit, along with 1,500 sq ft of integral offices, by development partnership Priority Space. Britcon has already delivered 13 SME units in phase one on the site which is now 75% sold.
The scheme sits within the Markham Vale flagship regeneration zone which is a 200-acre business and distribution park at Junction 29A of the M1 motorway.
Lee Buchanan at Priority Space said, “We have already invested £2.5 million into the business park with phase one which was delivered to exacting standards by Britcon. With strong interest from owner occupiers we are confident in progressing phase two with Britcon to build out a significant detached unit that would suit a larger operator requiring self-contained facilities.”
Paul Clarkson at Britcon said, “We are pleased to secure this second commercial building contract at Markham Vale for which we are providing a full design and build turnkey solution. We are also extending infrastructure works in partnership with our sister company Specialist Surfacing on this fast-track project which is to be completed by the end of January 2019.”
Britcon’s commercial sector experience includes the Advanced Manufacturing Park (AMP) in Sheffield, Treleigh Industrial Estate in Cornwall, and Langage Science Park in Plymouth. It has also recently completed a £2 million expansion of premises for packaging firm CEPAC.
Established for more than 30 years, Britcon is £47 million turnover business headquartered in Scunthorpe and directly employs 110 people on its project sites across the UK. Key contracts secured in the last 12 month includes Key contracts secured in the last 12 months include a £5 million project for McCain Foods, a £13.5 million contract to deliver a new anaerobic digestion (AD) plant in Dagenham for food waste recycler ReFood (UK) Ltd, a series of new developments, extensions and refurbishment projects valued in total over £20 million for Lidl, and contracts worth over £4 million for global chemicals business Kemira.
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Forecasters predict construction will just avoid an output decline this year if a soft Brexit is finally delivered.
But economists for Experian warn that their forecast of sluggish growth would have to be ripped up if the UK crashes out of the European Union with no deal.
The latest forecast for the next three years predicts construction will see a weak 0.4% rise in workloads this year followed by a return to stable but below trend growth of between 2.5%-3% in 2020 and 2021.
Forecasters now presume a “soft Brexit” will be the eventual outcome, with the UK gaining similar access to the EU single market as it does currently.
“We fully anticipate that such a deal could take longer to conclude than the initial transition period, and we do not expect a Brexit deal related bounce back in output growth to materialise until 2021,” says the report
It also assumes the planned Wylfa nuclear power station is not cancelled and the road building programme does not slip, as some in the industry fear.
Of the three key construction sectors housing and infrastructure are expected to experience good growth while there is weakness in the non-residential building sectors, like offices, retail and education.
It will probably not be until towards the mid-2020s that this profile unwinds.Continue Reading