Project News Roundup: 8th October 2013

Contractor awarded multi storey car park

Source: Glenigan

First Great Western appointed Bourne Parking to construct a new three-storey car park at Parkway Station work commenced on Saturday 13th July and continue until March 2014. The project, which will provide an additional 710 parking bays at the station, was originally due to be completed by March 2013. Work was scheduled to start last September 2013. The £13 million scheme is part of a third and final tranche of successful bids from the £100m Station Commercial Projects Fund, launched in 2011 by Network Rail and the Department for Transport.

Waste PFI project cancelled

Source: Glenigan

The North London Waste Authority (NLWA) has decided to end its procurement for long-term waste management services. NLWA was to reach financial close on final tenders with only FCC/Skanska for its waste services contract, and E.On/Wheelabrator for its fuel use contract. The total cost of the PFI project was £4 billion. Construction would cost £519 million, excluding land costs, plus about £83 million for land. The Authority now believes that a less expensive solution to waste management for north London taxpayers can be found in a time when council finances are under enormous pressure. The Authority has decided to end the procurement process, and to pursue an alternative strategy that, by comparison, will result in a significant reduction in the cost of residual waste management. This strategy will be based on continuing to use the energy from waste facility at the Edmonton site for longer than previously planned, and developing a longer term strategy based on an energy recovery solution at the Edmonton site.

Tenders invited for 40 flats

Source: Glenigan

GreenSquare Group Ltd is currently invited tenders for the £4 million residential development. The scheme comprises construction of 4 storey building comprising community room, retailing and workshop floor space on ground floor and 40 residential flats (18 one bedroom, 22 two bedroom) on upper floors, provision of 5 car parking spaces, 100 cycle parking spaces, bin stores and ancillary works. Sustainable Information: This development has been designed to achieve Excellent BREEAM rating. The tender return date is the 31st October 2013. Start on site date is yet to be confirmed.

Tenders returned for £90m office development

Source: Glenigan

Last month, Mitsui Fudosan and Stanhope completed their £65 million purchase of 1 Angel Court from US financial services firm TIAA-CREF. Tenders have been returned to Stanhope Plc on a £90 million redevelopment at 1 Angel Court in London. The project has been designed by Fletcher Priest Architects and comprises of the redevelopment of the podium to create larger floorplates, this will also include reconfiguring, extended and re-cladding the existing tower. The new building will target the BREEAM "Excellent" rating. Once redeveloped, will be a high quality and sustainable addition to the skyline with great views across London. Redevelopment is scheduled to begin later this year and is expected to be completed in 2016.