4 News
Commercial set to be the future of construction
THE CONSTRUCTION PRODUCTS Association’s Summer Forecasts have highlight that the construction industry will grow about 10.0% and contribute nearly £11bn to the UK economy over the next two years alone.
A key contributor is the commercial sector, with office construction forecast to grow 10.0% in 2014 and 8.0% in 2015;
Dr Noble Francis,
economics director of the Association, commented on the construction sector as a whole: “The forecasts reflect the increasing strength of the sector, though risks remain. “We anticipate the recovery will continue through the forecast horizon in 2018 and broaden both across sectors and regions.
“Overall levels of activity will likely match their 2007 peak in 2017.
“In the short-term, the activity will primarily be led by private housing, infrastructure and commercial.
“Notably, in the long-term, we expect this activity will be boosted by work on schools and hospitals.
“The private housing sector continues to benefit from the improving economic backdrop and government policy measures, with housing starts expected to grow 18.0% in 2014 and 10.0% in 2015. “The pending general election, however, will cast the future of housing policies into doubt.
“Such uncertainty, together with questions about affordability and higher mortgage repayment costs, will likely subdue private housing growth to 5.0% a year from 2016.
“Commercial, the largest sector, has a greater influence than housing on the overall outlook for the construction industry and should
contribute 23.4% growth over the forecast horizon to 2018. “The offices sub-sector is the primary driver in commercial, and recovery in the sector has been dominated so far by growth
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in London. Activity in regional markets is starting to pick up, however. During the last 18 months, increased demand and rising rents have been reported in key regional markets such as Manchester, Edinburgh and Birmingham which should feed through to new offices construction from 2015.
“The Association anticipates infrastructure output will increase during the forecast period across all key sub- sectors including roads, rail, energy, and water and sewerage.
“Output is expected to rise 9.2% in 2014 and 7.0% in 2015, primarily due to major projects such as Crossrail and nuclear decommissioning.” Dr Francis concluded: “This represents the Association’s central forecast but there are risks on both the upside and downside.
“Forecasts continue to be revised up as the UK economy rebalances away from consumer spending and services towards manufacturing.
“Greater than expected UK economic growth could stimulate even more private sector construction. “Conversely, concerns regarding house price inflation may lead to the imposition of lending constraints. “This, combined with interest rate rises, may have an adverse impact upon effective demand, and consequently, house building.”
A decade for DYSK
AIR CONDITIONING DISTRIBUTOR DYSK, celebrating a decade in business, has unveiled ambitious expansion plans for the future. Developments include the appointment of new staff, diversification into fresh areas, and the creation of a new air conditioning training centre north of London.
Andrew Skelton, DYSK’s founder and managing director, said: “We are expanding into new sectors and this requires the full armoury of VRF systems, heat pumps, splits and multi- splits – and related control systems.”
Growth areas include air conditioning for Local Authorities, schools, commercial offices and hotels. The company also reports continuing strong development in the premium domestic market.
Mr Skelton said: “London is on our doorstep, and we have seen tremendous growth in upmarket apartments in recent years. Overseas
buyers, in particular, have high expectations of indoor environment and comfort. With the prices now being commanded by premium apartments in the capital, air conditioning is considered an essential part of the specification.”
To cater for expansion, the company has appointed two new sales people, David Cooper and Mike Perks, who will look after their own dedicated sectors. On the training front, DYSK has just finished equipping a new air
conditioning training centre at its Southern office and HQ at Harpenden. It includes examples of the latest Toshiba systems and will offer engineers a full range of courses on installation, commissioning and servicing. Recent notable DYSK projects include supplying air conditioning for the new Polish Embassy, and the completion of a huge R22 replacement project involving hundreds of New Look stores across the country.
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