NEWS
ISG COMPLETES ICONIC CANADA WATER LIBRARY
ISG has successfully completed a £14 million project to deliver the new Canada Water Library, creating a land- mark community resource that is the focal point of a wider South London regeneration masterplan. The library is the anchor for a bold
plan to transform the Rotherhithe Peninsula area of Southwark with the creation of 2,500 new homes, 35,000m2 of new retail space, 12,000m2
of new
business space and an improved public realm with the library providing a focal point for the community. Combining a library with a performance space and auditorium, a cafeteria, study areas and community meeting rooms, the 2,500m2 building has been designed as a place to meet and learn with Wi-Fi access and a range of IT facilities throughout.
DELTA BALUSTRADES DELIVERS CO-OP HQ CONTRACT
BRUNDLE ISG’s Bernard Clarke, managing
director – South East, commented: “With an innovative design that max- imises the available space on site, Canada Water Library is an iconic building, epit- omising the value of public spaces in bringing opportunities and cohesion to communities. The tremendous com- plexity of the building, both in terms of its structure and location, has consis- tently challenged us as a contractor and has ultimately validated the client’s deci- sion to involve ISG from the very outset of the project. This early contractor involvement brought our skills and expertise to the table at inception, proving influential in reducing waste and maximising efficiencies, ultimately leading to the successful delivery of this iconic regeneration scheme.”
Delta Balustrades, manufacturer of bespoke handrail systems, is delivering a major project at the new £100 million Co-op headquarters in Manchester. The contract will see the Sandbach- based company manufacture and install
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AT LAST… SOME GOOD NEWS FOR THE UK CONSTRUCTION INDUSTRY
There has been a marked fall in the number of companies making a loss in the UK Construction industry accord- ing to new research from analysts Plimsoll. Clearly, companies have bat- tened down the hatches and rebuilt their profitability to give themselves the best chance of riding out the current eco- nomic turbulence. David Pattison, senior analyst on the
latest report explains: “When we exam- ined profitability in the Construction market last year we found millions of pounds worth of profit being wasted. In our latest analysis, the number of compa- nies making a loss has fallen from 215 to 180. It’s quite remarkable that so many companies have managed to rebuild their profitability during the worst trading con- ditions in recent memory”. Pattison also reserves special praise for the 190 ‘high
almost 400m of bespoke handrails for the external terraces and around 800m of its Orbis balustrade system on internal stair- cases, worth a total of £0.5 million. Appointed by BAM Construction, Delta Balustrades has been praised for its
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profit’ companies that are leading this profitability renaissance. He says: “While the average profit margin hovers around 2 per cent, these companies are averaging 11 per cent. To do so in a tight market is testament to how well these companies are managed. It is worth remembering that there are still 180 companies making a loss, 94 of which are doing so for the 2nd or even 3rd year running.” The new Plimsoll Analysis –
Construction, with an individual com- mercial, strategic and financial study of each of the top 1000 companies in the market, is the ultimate guide to perform- ance in the market. Readers of Building Projects are entitled to a £50 discount of this new special edition of the Plimsoll Industry Analysis – Construction. Call 01642 626400 for further details and quote reference PR/CS30.
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speed of installation, with BAM’s site manager commenting: “I am impressed with the Delta experience, installation progress being very quick with a positive approach, helping to accel- erate the project.”
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