bdc magazine

Construction orders show fastest rise in seven months

Building output was boosted by sustained rise in new work across the board according to the Construction Purchasing Managers index for March. The latest reading of 59.1 was unchanged from February and well above the 50 mark that separates expansion from contraction. The index revealed the joint-fastest rate of output

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Issue 335 : Dec 2025

bdc magazine

Hawkins\Brown team wins competition for design team for £1bn Begbroke Innovation District

Oxford University Development, a £4bn joint venture between the University of Oxford and Legal & General Capital, today announces the winner of the international design competition to find a creative, forward-thinking masterplan team for its world-leading £1billion, 190-hectare mixed-use Innovation District at Begbroke Science Park, just to the north of Oxford. A team led by Hawkins\Brown has been successful amongst an extremely competitive field of 40 submissions. The winner was selected following a rigorous assessment process and review of proposals by the project team, a technical panel and a jury panel supported by specialist advisers. Hawkins\Brown demonstrated design flair through strong leadership, a collaborative approach and cross-sector expertise that resulted in a fresh approach to the new Innovation District. The jury found the winning team had balanced the need for delivery, design, attention to phasing and the evolution of the place. The team offered a very strong response to the design challenge, proposed creative integration of different uses, as well as sensitive consideration of existing communities and those who will come to use the spaces. Hawkins\Brown’s team comprised OKRA (Netherlands), BuroHappold and C:Lab, RCKa, Ooze (Netherlands), and Murray Twohig. The team is a well-balanced blend of established, international, large and small practices who will bring fresh perspectives to the growth of an innovation district of international standing. Anna Strongman, CEO, Oxford University Development, said: “We’re thrilled to have found a stellar team that will work with us to design a masterplan that responds to Oxford’s housing needs and propels the economic attraction of the new centre as an exemplary place to live, work, and foster innovation and enterprise. We look forward to working with the councils and surrounding communities to deliver benefits for local people as well as compete on the global stage” Darryl Chen, Urban Design lead at Hawkins\Brown, said: “This is one of those rare opportunities to set an agenda for a type of place that doesn’t quite yet exist. Begbroke will see new homes and space for science set within a semi-rural location driven by clients with a long-term outlook. We’re super-happy that Oxford University Development have selected our team of spicy talents to work with them. We’re going to give it our all!” The competition was focused on finding the right team to develop a masterplan with Cherwell District Council, Oxfordshire County Council and surrounding local communities. Hawkins Brown will set the bold ambition and design intent for a project that will transform the area around the University’s Begbroke Science Park, to the north of Oxford.  The project will also create a community of up to 2,000 quality homes, with new schools, public park and nature reserve. OUD’s aspiration is to create a boundary-pushing scheme that demonstrably achieves a step-change in sustainable design, delivery, and operation. The new district will seek to attract the very best minds, while driving economic growth, improving transport connections, delivering benefits for local people, as well as enhancing the surrounding natural landscape. The site will provide an exemplary new setting for the University’s world-leading science and innovation, which will help address key global challenges facing humanity – from food security and biodiversity to climate change and the urgent need to move to a zero-carbon economy alongside seeking to reduce health inequity. The competition was managed by Colander Associates and Turner & Townsend.

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Hawkins\Brown team wins competition for design team for £1bn Begbroke Innovation District

Oxford University Development, a £4bn joint venture between the University of Oxford and Legal & General Capital, today announces the winner of the international design competition to find a creative, forward-thinking masterplan team for its world-leading £1billion, 190-hectare mixed-use Innovation District at Begbroke Science Park, just to the north of Oxford. A team led by Hawkins\Brown has been successful amongst an extremely competitive field of 40 submissions. The winner was selected following a rigorous assessment process and review of proposals by the project team, a technical panel and a jury panel supported by specialist advisers. Hawkins\Brown demonstrated design flair through strong leadership, a collaborative approach and cross-sector expertise that resulted in a fresh approach to the new Innovation District. The jury found the winning team had balanced the need for delivery, design, attention to phasing and the evolution of the place. The team offered a very strong response to the design challenge, proposed creative integration of different uses, as well as sensitive consideration of existing communities and those who will come to use the spaces. Hawkins\Brown’s team comprised OKRA (Netherlands), BuroHappold and C:Lab, RCKa, Ooze (Netherlands), and Murray Twohig. The team is a well-balanced blend of established, international, large and small practices who will bring fresh perspectives to the growth of an innovation district of international standing. Anna Strongman, CEO, Oxford University Development, said: “We’re thrilled to have found a stellar team that will work with us to design a masterplan that responds to Oxford’s housing needs and propels the economic attraction of the new centre as an exemplary place to live, work, and foster innovation and enterprise. We look forward to working with the councils and surrounding communities to deliver benefits for local people as well as compete on the global stage” Darryl Chen, Urban Design lead at Hawkins\Brown, said: “This is one of those rare opportunities to set an agenda for a type of place that doesn’t quite yet exist. Begbroke will see new homes and space for science set within a semi-rural location driven by clients with a long-term outlook. We’re super-happy that Oxford University Development have selected our team of spicy talents to work with them. We’re going to give it our all!” The competition was focused on finding the right team to develop a masterplan with Cherwell District Council, Oxfordshire County Council and surrounding local communities. Hawkins Brown will set the bold ambition and design intent for a project that will transform the area around the University’s Begbroke Science Park, to the north of Oxford.  The project will also create a community of up to 2,000 quality homes, with new schools, public park and nature reserve. OUD’s aspiration is to create a boundary-pushing scheme that demonstrably achieves a step-change in sustainable design, delivery, and operation. The new district will seek to attract the very best minds, while driving economic growth, improving transport connections, delivering benefits for local people, as well as enhancing the surrounding natural landscape. The site will provide an exemplary new setting for the University’s world-leading science and innovation, which will help address key global challenges facing humanity – from food security and biodiversity to climate change and the urgent need to move to a zero-carbon economy alongside seeking to reduce health inequity. The competition was managed by Colander Associates and Turner & Townsend.

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Hochiki life safety devices reduce false alarms and help make the 75km long Dubai Metro transport network safe for passengers

Famed for its luxury shopping and extraordinary architecture, the city of Dubai in the United Arab Emirates is home to over 3.3 million people, and the world’s longest driverless single metro line – the Dubai metro. Designed to take up to 13,380 passengers an hour on its green line, and 11,675 passengers an hour on its red line at peak time, the Dubai Metro is almost 75 km long and operated by RTA and Serco. Under contract to the Dubai Roads & Transport Authority, the network is run by a team of 2000 staff with 57 trains running at peak times.  Dafoos Fire and Security were commissioned to run the fire detection installation project on the entirety of the Dubai Metro. Trusted as a market leader in the Fire Protection Industry in the United Arab Emirates, Dafoos specialises in providing end-to-end design, erection and commissioning and maintenance of both active and passive Fire Protection Systems, and partners with some of the best OEMs in the world, including Hochiki. With tens of thousands of passengers using the network daily and the system itself operating in a hot and sandy environment, any false alarm could potentially cause mass disruption and cost the operator financially, especially during peak service times. The company’s Marketing Director, Vijay Chandran said about the project: “it was especially important as part of the life safety system design process to negate false alarms. Hochiki fire detection devices were chosen as they have a reputation for being the best in the market for their quality and their reliability when it comes to false alarm reduction. Our selection of Hochiki was confidently backed by the operators RTA and Serco”  The Hochiki sensors were to be installed inside the metro and tram coaches. This is considered an extremely sensitive area with thousands of people transiting at a time, thus posing a higher chance of triggering false alarms. Any fire alarm trigger was programmed to send a command to the central station, and this would halt the operations within the entire network until the problem is rectified. The Hochiki technical team also worked closely with the Dafoos team to negate the challenge of frequent dust build up in the chambers. It was advised that periodic maintenance of the sensors was moved from every 6 months to every two instead, which is customary practice for commercial buildings in the region.  “Hochiki Smoke Sensors have been installed across the entire Dubai Metro and tram coaches; they have been functioning with minimal issues for the last three years. Periodic maintenance has been conducted in conjunction with Hochiki’s technical team recommendation. Our team would not hesitate to recommend Hochikilife safety systems and products to be used in other projects within the transport industry”.

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Panattoni increases speculative programme with 417,570 sq ft scheme at Doncaster Sheffield Airport

Panattoni, the largest industrial real estate developer in Europe, is planning to develop one of the largest speculative logistics facilities in South Yorkshire. The development, called Panattoni Doncaster 420, will be a 417,570 sq ft facility at GatewayEast, Doncaster Sheffield Airport.  Panattoni has acquired the 18.4-acre site, which has outline planning consent, from Peel Land and Property. Panattoni Doncaster 420 benefits from superb multi-modal links, located within six minutes of rail facilities at iPort, while the seaports of Immingham and Hull are both approximately 50 miles from the site. It also provides last-mile access to the major conurbations of Yorkshire and Humberside and the major consumer and manufacturing centres of the North East, North West and East Midlands, plus central London, all fall within 4.5 hours by HGV. Panattoni expects to start construction later this year with the intention of delivering the facility in Summer 2023. Panattoni Doncaster 420 is targeting BREEAM ‘Excellent’ and EPC ‘A’ ratings. Occupiers will also benefit from a range of standard sustainability features and green build options. The development is part of Panattoni’s commitment to a significant speculative development programme in the UK in 2022 in response to strong demand from occupiers for immediately available space. Dan Burn, Development Director at Panattoni, said: “This well-located site with direct access to local, regional and global markets is a superb addition to our speculative development programme. South Yorkshire is rapidly forging a reputation as one of the UK’s prime distribution locations. Record take up across Yorkshire in 2021 has resulted in the supply of units over 100,000 sq ft dipping to the lowest level ever seen”. Burbage Realty acted for Panattoni.

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Stoford and Church Commissioners sign new site wide agreement at Exeter Logistics Park

Leading commercial property developer, Stoford has announced a new site wide agreement with the Church Commissioners for England that will unlock future phases of development at a job creating industrial scheme in East Devon. The agreement paves the way for the development of an additional c.500,000 sq ft of industrial/logistics accommodation at Exeter Logistics Park, Clyst Honiton.   Stoford will develop the scheme on a design and build basis, with new units made available on freehold or leasehold terms.   Exeter Logistics Park is part of the second phase of a significant industrial scheme which was opened in 2017, following the grant of outline planning, secured by the Church Commissioners.   Part of the Exeter and East Devon Growth Point economic development zone east of the M5, near Exeter Airport, the scheme will total more than 650,000 sq ft upon completion and includes improvements to the local transport infrastructure. A new access road and signalised traffic junction have been created off the B3174 London Road, making the site immediately available for further development.   Stoford has already completed construction of a new 90,000 sq ft distribution unit and a 415-space electric vehicle charging park at Exeter Logistics Park, on behalf of an international retailer.   Works are also underway on the construction of a further two new buildings, including DHL’s 54,732 sq ft parcel distribution service centre and a 28,464 sq ft warehouse that is being developed speculatively.   The new developments are characterised by strong environmental credentials, including green roof spaces, a sustainable urban drainage system, provision of solar panels and an external trim trail with outdoor gym and fitness area. They are expected to be completed this month (March 2022) and have the potential to create more than 100 new jobs.   It is estimated that Exeter Logistics Park could contribute between £90 million – £105 million to the regional economy when fully complete. Dan Gallagher, Joint Managing Director, Stoford said: “Exeter Logistics Park is an extremely well connected site with enormous potential. We are on track to deliver the two new buildings in Q1 this year and the new agreement will enable us to further develop the scheme to meet continued demand. This is a sustainable scheme that has already attracted high calibre, international occupiers. It has all of the attributes to become the South West’s leading distribution hub, south of Bristol.”   Joanna Loxton, Head of Strategic Land for the Church Commissioners for England, said: “The latest agreement builds on our already strong partnership with Stoford and will see hundreds of thousands of square feet of high-quality employment space being delivered, resulting in significant job creation locally and supporting the area’s continued growth. “We are particularly proud of Exeter Logistics Park’s sustainability credentials, which are a demonstration of our ESG commitments in action and will help support a ‘green recovery’ post-covid.”  All enquiries regarding Exeter Logistics Park should be directed to the scheme’s retained agents, JLL and Cushman & Wakefield.  

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Tackling pollution in construction is at a “crossroads”, says chief executive of Constructing Excellence Midlands

THE CONSTRUCTION industry needs to capitalise on the collaborative atmosphere created by this year’s MIPIM in order to meet the key challenges it faces, according to Andrew Carpenter, chief executive of Constructing Excellence Midlands. Speaking in the wake of this year’s event – which was attended by more than 20,000 delegates from around the world – Carpenter says that while a collaborative spirit is alive and well in Cannes, it risks being wasted if not capitalised on at home. “MIPIM has always been an ideal opportunity to meet the movers and shakers,” said Carpenter. “You can speak with the whole supply chain in one fell swoop, as well as some of the major policy creators and decision makers. “The event is the nucleus of the collaborative culture that we believe the construction industry needs to ensure it moves forward at the required pace. However, it is how that is followed up that will make the key difference when it comes to creating a truly integrated supply chain. “It’s our industry’s version of ‘a dog is for life, not just for Christmas’. It’s all well and good doing and saying the right things at MIPIM, but if that collaborative approach gets left at passport control on the way back into the UK, it’s just lip service and not something that is going to drive us forward.” Carpenter – who is also chief executive of the Structural Timber Association – hosted a breakfast event during MIPIM, which discussed the use of timber as part of the government’s push for net zero. He believes this is a key example of where collaboration is needed in order for the ambitious targets to be met. “With an eye on 2050 as the target for decarbonising all sectors of the UK economy, it is clear that this is not going to be anywhere near feasible for the construction industry if we aren’t working in lockstep. “We as an industry are one of the biggest polluters on the planet, and we are at a crossroads in terms of how we tackle that. “This is a key conversation that Constructing Excellence is having across its regions. We recently refined our theme groups – at which we discuss and define industry challenges – to create a dedicated workstream that focuses on strategic and collaborative research into how the climate crisis can be addressed. Conversations like this are a vital catalyst for continuous, long-term industry improvement, which is what Constructing Excellence is all about. “We truly feel that the construction industry is at a critical juncture, and it’s our responsibility to make sure that we move forward together in the right direction.” If you or your organisation would like to be involved or to find out more, please contact Constructing Excellence Midlands at info@cemidlands.org.

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Muse appoints Caddick Construction on Bradford’s transformational One City Park office scheme

Leading national urban regeneration business, Muse Developments, in partnership with Bradford Council, has appointed Caddick Construction to deliver the landmark One City Park office scheme, which will continue the transformation of the heart of Bradford city centre. The 56,403 sq. ft sustainable development on the former police HQ site, is the first high-quality, modern office scheme to be delivered in Bradford city centre for more than 20 years. It will directly address the need for high-quality offices by offering exceptional workspace with adaptable floor plans to accommodate agile working practices. The five-storey development – rated BREEAM ‘Excellent’ – will also feature new public realm areas around the scheme. The building will connect seamlessly to the multi award-winning City Park with new stepped access and attractive seating areas. It is also within walking distance to cultural assets including City Hall, St George’s Hall and new music venue Bradford Live, which is due to open later this year.  More than 300 jobs will be created throughout the construction with a further 450 jobs based in the building once completed. Enabling works are already underway with construction due to start on site later this month, and the building due to complete by summer 2023. The development will have strong sustainability credentials, including high-performance glazing to the façades to maximise natural light while reducing solar gain; photovoltaic panels and air source heat pumps to make sure the building operates on renewable energy. A roof terrace will serve a dual purpose, helping with the natural cooling of the building as well as promoting the wellbeing of its occupants. All of the car-parking spaces will have electric car charging points, coupled with secure cycle storage and changing facilities on the ground floor to encourage workers to take more sustainable and healthier ways to travel to the office. Simon Dew, development director at Muse Developments, added: “We’re very excited to announce this important milestone for One City Park and to be working with Bradford Council and Caddick Construction on this flagship scheme. The significance of One City Park can’t be underestimated for Bradford and we know there’s growing demand from businesses looking to relocate or expand in the city centre.” Adrian Dobson, managing director for Caddick Construction, said: “This is a high-profile scheme in the heart of Bradford that will have a transformational effect on the city centre. Caddick is delighted to have been chosen as construction partner to deliver on such an important project for Muse, Bradford Council and the city as a whole.”  Jason Longhurst, Bradford Council’s strategic director for place, said: “We are delighted that Caddick Construction has been appointed to bring this flagship scheme to life. One City Park will be a huge step forward in our ambition to become a clean growth city district and provide a welcome boost to the city centre economy.” Muse Developments is an established specialist in place-changing regeneration, working in close partnerships with councils, local stakeholders and the wider business communities to create award winning landmark developments across the UK. Muse is also part of Morgan Sindall plc – the UK’s leading construction and regeneration group. Bradford was also recently named in a national report as the city with the most potential to benefit from the Levelling Up agenda. This report coincides with significant investment for Bradford into both transport and infrastructure as part of the £50m Transforming Cities public realm enhancement programme.  For further information visit www.onecitypark.com.

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GRAHAM awarded £16m construction phase of Chelmsford Bridge and Highway scheme

Civil engineering specialist firm GRAHAM has been appointed as the Principal Contractor to deliver a new bridge and link road as part of the Chelmsford East Beaulieu S278 Works (RDR Phase 3) project. The £16.77m project will connect the A130 Essex Regiment Way and the Beaulieu and Channels housing developments on the west side of the Great Eastern Main Line (GEML) railway lines to the A12 Boreham interchange on the east side of the railway. The scheme will see the delivery of new highways infrastructure to facilitate future phases of development at the Beaulieu Development in Chelmsford for the client Countryside and L&Q. The works comprise of a new three-span bridge over the Great Eastern Main Line railway and A12 slip-road; and approach embankments on either side linking into the new Radial Distributor Road (RDR) and the existing Boreham Interchange. The infrastructure will also form part of a local bus route and the principal HGV traffic route between the A12 and Braintree and provide a link between the proposed new Beaulieu railway station on the east side of the railway. GRAHAM has already delivered the pre-construction phase of the contract, which required a fully coordinated design and installation methodology to meet the approval and standards of Highways England and Network Rail. As part of the contract, GRAHAM will provide the construction of a range of new highway infrastructure, including: A new three-span highway bridge structure  Piling Earthworks Soil retaining walls Bearings Stormwater (SUDS) drainage Road construction to include provision for pedestrians  Traffic signs and road markings  Traffic signal loops  Street lighting Fencing Vehicle restraint systems. Utility ducts Temporary works Other ancillary works Coordination with and programming of the works of statutory undertakers to carry out required diversion/protection works on the public highway All associated Traffic Management Works The new Beaulieu Rail Bridge will be a 161m long three-span structure of composite weathering steel fabricated plate girders on in-situ reinforced concrete column abutments and piers, with reinforced concrete pile-caps and bored cast in place reinforced concrete piles. The girders will be a constant depth over their full length. The superstructure will be constructed on site, off-line on adjacent land. GRAHAM will carry out the installation by raising the complete superstructure using Self Propelled Modular Transporters (SPMT) which will carry it to its final position before lowering it onto the permanent bearings. This methodology has been used by GRAHAM successfully on previous bridge installations, notably on the Carpenter’s Land Bridge in 2020, a project that linked London’s East Bank to its International Quarter. GRAHAM has a proven track record in the Chelmsford area having completed the award-winning A138 Chelmer Viaduct – a £32m strategic highway, which has increased transport capacity and significantly improved journeys for motorists, cyclists and pedestrians. Discussing the award of this next phase of works, GRAHAM Managing Director Leo Martin said: “Following our appointment to design the bridge for this scheme under a Stage 1 Pre-construction Services contract which focused on optioneering, outline design and detailed design development, we were delighted to secure the build phase for the Chelmsford East Beaulieu S278 Works. “The use of SPMTs to install the complete bridge rather than the traditional usage of a crane is an example of our innovative approach to civil engineering infrastructure projects and this methodology will help us install the new superstructure in the safest and most efficient manner. Leo added: “We’re thrilled to be delivering another important infrastructure scheme in the Chelmsford region following our work on the award-winning A138 Chelmer Viaduct. The Chelmsford East Beaulieu S278 works will provide important new transport links for the Beaulieu and Channels housing developments to the A12 Boreham Interchange, as well local bus and HGV routes between the A12 and Braintree. The project is another excellent opportunity for our team to show its capabilities in both the highways and rail sectors.” Work on the Chelmsford East Beaulieu S278 (RDR Phase 3) project is currently underway with an anticipated completion date in Spring 2023.

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Nottingham’s riverside regeneration: first completions at Luxury waterside scheme

Works at the new luxury residential development The Yacht Club, situated on the banks of the River Trent between Colwick and West Bridgford, continue to progress well with first completions afoot and residents set to be welcomed to their new homes very soon. Developed by Leeds-based KMRE Group Ltd, the 81-home waterfront scheme – which will be known by residents as Yacht Club Place – is located off the secluded Trent Lane, with Colwick Country Park and Nottingham Racecourse to the East and Lady Bay Bridge to the West, in an area that is undergoing significant transformation promising a vibrant new inbound community. Over 60% of the apartments in the first phase have already been sold and the largest out of the three apartment blocks, Block C, is set to complete in the coming days. The remaining two blocks – Block A and Block B, are set to complete within the next few weeks as they enter the final stages of construction. The development comprises of one, two and three-bedroom apartments, as well as penthouses, with prices starting from £300,000. A show apartment is available for prospective buyers to view on Thursdays, Fridays and Saturdays between 9am – 12pm, where a member of the sales team will be on hand to show visitors around and answer queries. All of the homes are river-facing, and each feature their own private balcony or terrace, providing spectacular views over the water, looking out to The Hook nature reserve opposite. With no passing traffic, except that of river boats, paddle boarders and rowers, The Yacht Club offers a supremely serene location by the water. Residents will also be able to access an onsite gym which boasts stunning views of the river. A new cycle and pedestrian bridge, known as the Waterside Bridge, is also proposed for the area with a planning application due to be submitted to Nottingham City Council and Rushcliffe Borough Council – it would be the first bridge to be built over the River Trent in more than 60 years. At the end of last year, The Yacht Club reached a new milestone with 45% of its apartments sold and has since completed the largest of the three apartment blocks that make up the development, Block C, which features 35 apartments and four penthouses. Of the apartments sold so far, developer KMRE Group Ltd and joint selling agents FHP Living and William H Brown have noted a particularly high level of interest from both young professionals and those looking to downsize or purchase a second home. Julia Day, Sales and Development Progression Manager at KMRE Group, said: “As our first residential development in Nottinghamshire, we are pleased to be investing in the area – contributing to the ongoing regeneration of the waterside and bringing high quality and unique desirable new homes to the city. “The apartments have been particularly popular with young professionals and downsizers – those who want a taste of city living with convenient amenities nearby, as well as access to open spaces and the countryside in a tranquil location. “The apartments are spacious but also sleek and simple, so easy for second homeowners or holiday-goers to lock up and leave, knowing their home will be safe and secure whilst they’re away. Given that travel companies are reporting a ‘summer boom’ is on the way with a surge of holiday bookings as Covid restrictions lift*, that might prove to be a real selling point for prospective buyers.” During and post pandemic, the housing market has also seen a shift in the number of London-based homeowners choosing to purchase properties outside of the capital and moving further up north. In 2021, homebuyers from London purchased more homes outside of the city than in any year since 2007**, in a movement that is expected to continue. Jules Hunt, Director at The Yacht Club’s joint selling agent FHP Living, said: “Homebuyers are searching for a higher quality of living and a balance between city life and access to nature – a trend that we have seen increase post-lockdown as workplace and travel routines change. “Providing an exclusive waterside lifestyle, The Yacht Club is ideally located close to the city centre, green spaces and local amenities and places of interest, including East Point Retail Park, Colwick Country Park and Holme Pierrepont. “These modern, spacious and contemporary homes provide uninterrupted views across the river and The Hook nature reserve, in an area of Nottingham that is undergoing an exciting transformation – creating new neighbourhoods along the banks of the River Trent.” For more information, call selling agents FHP Living on 0115 9778935 or William H Brown on 0115 9819828.

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Construction orders show fastest rise in seven months

Building output was boosted by sustained rise in new work across the board according to the Construction Purchasing Managers index for March. The latest reading of 59.1 was unchanged from February and well above the 50 mark that separates expansion from contraction. The index revealed the joint-fastest rate of output growth since June 2021 boosted by the highest level of new orders since August last year. Commercial work was the best-performing segment with an index reading of 60.8 due to projects restarting following the roll back of pandemic restrictions. Chartered Institute of Procurement & Supply group director Duncan Brock said: “But residential building became the laggard of the pack as affordability concerns were a factor in holding back progress particularly in new housing and refurbishment work.” Recoveries in residential work lost momentum in March with a reading of 54.9 and 56.3 for civil engineering. Deliver wait times climb A third of supply chain managers reported longer wait times for deliveries and sharp inflation rises as transport and raw material cost went up. The overall rate of input price inflation accelerated sharply since February and was the highest for six months. “Construction companies are braced for more disruption on the horizon as a result of the Ukraine conflict. The rise in purchasing demand fed into higher costs for materials already in short supply as energy hikes also impacted on business costs,” said Mr Brock. Input buying rose at the steepest pace since July 2021, driven by a combination of stronger demand and efforts to build stocks where possible. S&P Global economics director Tim Moore, whose company compiles the survey, said: “Business optimism slipped to its lowest since October 2020 on concerns that clients will cut back spending in response to rising prices and heightened economic uncertainty.” Property finance intermediary Hank Zarihs Associates said despite economic uncertainty tender opportunities and resilient customer demand meant development finance lenders were keen to offer construction loans to builders.

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