Company News Roundup: 14 October 2014

Balfour drops out of £350m PF2 hospital race

Balfour Beatty has pulled out of the bid race to build the Government’s first privately financed hospital under the new PF2 model in the Midlands.

Sandwell and West Birmingham Hospitals NHS Trust invited Balfour and the two other bidders to enter competitive dialogue in September.

Company page: Balfour Beatty

Mace to deliver £150m Wycombe retail and leisure hub

Wycombe District Council has selected Mace to deliver the £150m Handy Cross Hub town centre mixed-use development.

This 17-acre scheme will include a Waitrose, a coachway park and ride, hotel and offices.

Company page: Mace

Carillion first UK firm to ink overseas deal through Treasury lending scheme

Carillion has won a £75m deal to build phase one of the Dubai World Trade Centre District development, the first contract to be supported by a direct lending facility from the Treasury.

China State Construction Engineering Corporation seeks UK contractor JV

Exclusive: One of the world’s largest contractors, the China State Construction Engineering Corporation has held talks with UK firms to try to break into the property market, Construction News can reveal.

At least four of the UK’s biggest contractors are understood to have been approached by CSCEC, which has sought to form a 50:50 joint venture with a UK firm.

Sources said the four contractors were Kier, Mace, Sir Robert McAlpine and Wates.

Company pages: Kier, Mace, Sir Robert McAlpine and Wates