Severfield

Severfield Plc Secures £72m New Contracts

North Yorkshire based structural steel group, Severfield plc, has recently secured six new contracts worth £72 million. One of the new contract victories is the firm’s appointment as the steelwork contractor on the development of 22 Bishopsgate in the City of London. Severfield will provide support to Multiplex in the

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Severfield to Replace William Hare on 22 Bishopsgate Project

Severfield has been lined up by Multiplex to replace William Hare on its 22 Bishopsgate project. William Hare was previously in line to build the 62-storey tower steelwork, but main contractor Multiplex has now made the decision to go with Severfield for the job. It is believed that Severfield is set

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Latest Issue
Issue 325 : Feb 2025

Severfield

Severfield Plc Secures £72m New Contracts

North Yorkshire based structural steel group, Severfield plc, has recently secured six new contracts worth £72 million. One of the new contract victories is the firm’s appointment as the steelwork contractor on the development of 22 Bishopsgate in the City of London. Severfield will provide support to Multiplex in the building of 22 Bishopsgate (net internal area of 1.4 million sq ft) by providing metal decking and superstructure structural steelwork. Among the five other contracts will see Severfield working on a commercial office development in the Midlands; two distribution centres in the South East; a research and development complex in Manchester and an extension to a retail complex in London. Severfield plc Chief Executive Officer, Ian Lawson, said: “We are delighted to announce these new contract wins and are excited to be working with Multiplex on such a high profile development as 22 Bishopsgate. “This further demonstrates the breadth of the group’s capabilities and the quality of our order book. “The Group has a longstanding history of working on iconic London buildings such as The Shard, London Bridge Station and Wimbledon No 1 Court. “Our design, experience and engineering skills have resulted in a strong pipeline across a range of sectors.” Last month it was announced that Severfield would replace William Hare on 22 Bishopsgate Project. William Hare was previously in line to build the 62-storey tower steelwork, but main contractor Multiplex has now made the decision to go with Severfield for the job. It is believed that Severfield is set to begin work in mid-December, subject to final contracts being agreed. Other subcontractors working on the scheme include Keltbray, which has been carrying out demolition and excavation work in the building’s basement, and Careys, which is building the tower’s concrete core. Since the vote to leave the European Union in June, the main investor behind the project asked the scheme’s remaining backers whether they wanted to proceed with construction of the tower.

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Severfield to Replace William Hare on 22 Bishopsgate Project

Severfield has been lined up by Multiplex to replace William Hare on its 22 Bishopsgate project. William Hare was previously in line to build the 62-storey tower steelwork, but main contractor Multiplex has now made the decision to go with Severfield for the job. It is believed that Severfield is set to begin work in mid-December, subject to final contracts being agreed. Other subcontractors working on the scheme include Keltbray, which has been carrying out demolition and excavation work in the building’s basement, and Careys, which is building the tower’s concrete core. Since the vote to leave the European Union in June, the main investor behind the project asked the scheme’s remaining backers whether they wanted to proceed with construction of the tower. According to Bloomberg, Axa Investment Managers-Real Assets gave the project’s co-investors three options: start construction this year as planned; delay; or sell it. The other investors supporting the scheme include Singaporean Temasek Holdings Pte, Canada-based Public Sector Pension Investment Board, and British Columbia Investment Management Corp. The contentious skyscraper has also been subject to potential right-to-light legal claims, which has prompted the City of London to buy a stake in the project to stave off concerns. The local authority sanctioned its acquisition of interest in the development at a council meeting on April 5 this year, using sections 227 and 237 of the Town & Country Planning Act 1990, overriding certain rights of third parties where land is acquired by a local authority for planning purposes. This effectively prevented nearby property owners from blocking the project in the courts and allowed work to start on the project. The 22 Bishopsgate design replaced the previous Pinnacle scheme, for which construction started in 2008 before being suspended in 2012 because of the economic downturn. The new designs include a 278 m-tall tower – 10 m lower than the previously approved scheme – with 130,000 sq m of office space. The high-rise office tower will also feature a restaurant and bar, retail space and a public viewing gallery.

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