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Housebuilding Analysts have urged housebuilders to cash in on the Homes & Communities Agency's £14 billion plans before public spending is cut. Regeneration and growth activities should happen between April 2009 - March 2011, the plan is to fund half of the 260,000 new homes in the next two years. Housebuilders should make the most of the funding and hope private investment returns by 2011 when the current HCA budget ends. The plan is to spend £1.7 billion on bringing council stock up to date, £1bn in growth and infrastructure including Thames Gateway Project. About 130 contractors and private developers filed out pre qualification questionaires for the HCA project. - - Full Article: Construction News Issue 7137 - - Reading to get £400 million development. Reading Borough Council has approved a £400 million development next to Reading Station. Sackville Developments - led by Sir John Madejski plans a 1.72 m sq ft mixed use project for Station Hill. It will include offices, residential buildings, retails - cafes, restaurants and food outlets, the development also includes a central public plaza. Work could begin in 2011 the first phased completed in 2014. Green Performance - Sets the Agenda Sustainability is one of the most important criteria, second only to safety when contractors are assessed by the public sector, and sustainability will become increasingly more important over the next two years. Peter Mandelson has recently announced plans to create Innovation and Growth Team to assess the strengths of the UK construction industry in a low-carbon economy, Lord Mandelson said "The construction industry must now face the challenge of exploiting the advantages of the low carbon economy"
Major UK sporting clubs have more than £3bn of expansion plans. The UK is entering a glorious decade of sport with 2012 Olympics and 2014 Glasgow games, England the favourite to host world cup in 2018, Rugby World cup in 2015 and Rugby league will by here in 2013. New football stadiums plans account for £1.6 billion driven by a need to maximise capacity. Nearly, all proposed plans include bolt on Hotels, conferencing and community facilities. --- Full article: Construction News Issue 7136 --- |