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revenues relative to land and construction cost cash flows, as well as the benefit of land sale proceeds, Bovis is optimistic about returning to a modest net cash position at the year end. Meanwhile, sales prices

achieved to date reflect the general stability of the housing market with small differentials experienced in different locations, prices being generally stronger in the south of England. Bovis expects its average sales price on private legal completions in 2011 to be circa £180,000 (2010: £172,300). Subject to current market

conditions continuing, the Group is confident that it can deliver an increase in ROCE in 2012 to at least 7% and make further strong improvements in 2013 and beyond. 

ISG steps up for Sainsbury’s carbon vision

dates Dec 2011-Mar 2012

ISG has completed a landmark new store for Sainsbury’s in the Devon town of Dawlish, setting a benchmark for greener supermarkets by building an eco-friendly timber-framed store as part of the company’s ‘Carbon Step Down’ programme. Originally planned with a

conventional steel-frame design, it was re-specified as a timber- framed building following planning approval. The client’s sustainability demands continued to broaden even after the design and build project was well underway.

The BREEAM ‘Very Good’

rated scheme is targeting a carbon neutral build thanks to its timber frame, pre-fabricated SIPS (Structurally Insulated Panel System) timber walls and timber roof cassettes finished in larch cladding, all of which are derived from renewable sources. The SIPS walls, designed to provide integral vapour barriers, have also enhanced the efficiency of the building envelope, delivering an air loss average of just 2.0 m3

/hr/M2 /hr/M2 . :

with an industry norm of 10.0 m3

OPLC unveils visions for North Park visitor centre

The Olympic Park Legacy Company (OPLC) has unveiled images of the shortlisted designs for a community hub in the north of the Queen Elizabeth Olympic Park. The Legacy Company

launched a competition in July this year to design one of London’s best playgrounds with a visitor centre. Five teams were then

£250m 10.375 per cent Senior Notes due 2015 through a tender offer in September, improving the efficiency of their balance sheet. Looking forward, the

company say they are to “continue to prioritise value creation and margin improvement ahead of volume growth as [they] build [their] order book for 2012” and are “well positioned” for the future.

shortlisted to develop a design which will be judged by a panel of experts with the winning design announced in December. The shortlisted designs come

from Cottrell & Vermeulen Architecture Ltd, Engineers HRW, OR Consulting and

Stockdale; David Kohn Architects, David Buck, Davies White, Alan Baxer & Associates LLP and Jackson Coles; erect architecture, Tall Engineers, Max Fordham, Land Use Consultants, Huntley Cartwright and Children’s Play Advisory Service (pictured); The Landscape Partnership, Sarah Wigglesworth Architects , Jane Wernick Associates, Skelly&Couch and Turner & Townsend; and finally Ushida Findlay, Grant Associates, ARUP, Speirs and Major and Davis Langdon. Public exhibitions of the

shortlisted designs will be held throughout London.

12 DECEMBER Build Qatar: Property & Construction Opportunities Event NORTHCLIFFE HOUSE, LONDON A special event looking at the construction opportunites in Qatar ahead of the country hosting the World Cup in 2022. Involves how to help the construction of a sports event, as well as the problems and solutions that any construction company or developer could face whilst building there.

26 JANUARY RICS Housing Conference CALEDONIAN CLUB, LONDON RICS invites you to the annual RICS Housing Conference, which will examine the development and delivery of homes across both the social and private rented sector. This conference will be a unique opportunity for you to hear the insights of leading experts in this complex and volatile area.

6 MARCH NHBC’s Building for Tomorrow CAMBRIDGE BELFRY, CAMBOURNE Now in its 21st year, Building for Tomorrow continues to inform the industry on relevant topics that directly impact on today's housebuilders. Looks at topics such as the NPPF and local standards and zero carbon building.


To publicise your event, please send details via email to | British Builder & Developer | 5

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