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The Pegasus Report - Issue #126

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Lots of positive news in this week's report; signs of us climbing out of the effects of the pandemic
 
August 24 · Issue #126 · View online
The Pegasus Report
Lots of positive news in this week’s report; signs of us climbing out of the effects of the pandemic are definitely there; long may it continue!

NEWS ROUNDUP
Things seem a lot more positive for the industry this week. For the first time since March, the RIBA future workload index has reported a positive outlook. Secondly figures out this week do show clear signs that construction and infrastructure has had a V shaped recovery and is climbing back to pre-covid levels. All great news!
The seemingly unstoppable Moda has announced the start of a £260m BTR scheme in Hove. In Redhill, a £50m cinema and apartments complex has begun construction.
In London, Inland Homes has snapped up the former Cavalry Barracks in Hounslow with plans for 1,000 homes,
In further positive news for the London commercial sector, Pharma giant Merck has submitted plans for a new 10 storey London HQ at Kings Cross. The price tag is reputed to be £1Bn as it will also house R&D facilities
It has been a positive week for the Affordable housing sector. In Wales, plans to begin tendering for a £5Bn framework is to begin next month. Up North, a JV between Lovell and Together Housing aims to build 3,000 across the M62 corridor in the next 5 years. In South London, Metropolitan Thames Valley Housing Association is hunting for a JV Developer partner to build phase 2 of the £1.6Bn Clapham Park estate rebuild.
In Newcastle, construction of Home Association Home Group’s new HQ will begin shortly.
In Coventry, construction of a new £68m office tower is set to begin in October.
In Manchester plans are in the regenerate an old gas works into a new community which will have 1,200 new homes. Staying in the North West; the £1Bn regeneration of Birkenhead has taken a step closer with plans submitted.
In Teeside, ambitious plans to usher in a new wave of industry has begun with the £150m demolition of the former Redcar Steel works.
It has been a busy week in Infrastructure news. Highways England has unveiled its five year investment plan which is says will support 64,000 construction jobs as it delivers £14Bn of projects. Meanwhile in Scotland, bids are being sought for £1.4Bn worth of maintenance contracts. More difficult news from Crossrail which will now be delayed until 2022. Design work has begun on the revamp of Cardiff Central station, which is part of a wider £343m boost to Welsh Railways. Up North, £77m has been pledged to support infrastructure works for York Central station.
INDUSTRY INSIGHTS
If the government do indeed commit to building us out of the current crisis, Infrastructure investment is clearly going to play a key part.
Transport for the North sets out 30-year investment plan | Infrastructure Intelligence
CLC launches Brexit Working Group | Infrastructure Intelligence
Cautious welcome for transport Acceleration Unit | Infrastructure Intelligence
Government should give local councils more say in planning – not less | Online | Property Week
Amazon bets on return of the office | Business | The Times
Recovery should be driven by environment and digital connectivity, claims ICE report | Infrastructure Intelligence
PEGASUS RADIO
Sorry, no new podcast episodes; having returned from a two week family holiday, I have been too busy with the day job!
TECHNOLOGY NEWS
This first article about continued data centre expansion is well worth a read.
How the cloud created the perfect storm
Infrastructure leaders predict digitally driven post-Covid recovery, says Atkins | Infrastructure Intelligence
VolkerSmart Technologies wins £56m cable network deal | Construction Enquirer News
Bjarke Ingels Group invests in Texan 3D printing firm - News - GCR
GREEN ISSUES
Not much green news today I’m afraid
Construction of Singapore floating solar farm commences | Construction Projects | Construction Global
INTERNATIONAL STORIES
You sometimes forget the sheer scale of some schemes that happen elsewhere in the world; check out this first one!
Russia’s Sibur starts work on $11bn Siberian petrochemical plant
Zaha Hadid Architects designs 60,000-seat football stadium in China
Singapore is getting the world’s tallest modular buildings
MVRDV designs “creative factory” in Shenzhen
CAREER ITEMS
Here is your regular hit of career and life tips!
6 Ways to Come Back From the Pandemic With a Stronger Team | Inc.com
Without Compassion, Resilient Leaders Will Fall Short
Why the Importance of Sleep During the Coronavirus Pandemic and Beyond Can’t Be Underestimated
Why Do Your Employees Resist New Tech?
Why There's Never Been a Better Time to Transform Yourself
10 Ways to Focus and Cut Busy Work in the Digital Age
CEOs And Employees Are Both at Greater Risk of Burnout Right Now
Until next week...
I really do think the news this week has been both positive and plentiful (often rare over August even in normal years), so this does give me some real confidence going to this week; I hope you all feel the same!
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