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The Pegasus Report - Issue #130

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Another rollercoaster week with some big positive announcements but equally signs the economy and the
 
September 21 · Issue #130 · View online
The Pegasus Report
Another rollercoaster week with some big positive announcements but equally signs the economy and the construction industry are still fighting off the effects of Covid.
Let’s dive in to this week’s issue.

NEWS ROUNDUP
in big news for the affordable housing sector, the Government has unveiled plans for an ambitious 5 year £11.5Bn programme to build 180,000 new homes. The news has been met a degree of reserved optimism and some skepticism as to whether it will really help the ones most in need of affordable housing.
It has been another busy week for the London Residential sector. Great Marlborough Estates has bought an old office block to convert to 137 homes. Meanwhile a 460 unit BTR scheme next to Southall station has been given the greenlight by planners. Just outside of London, Strawberry Star has secured funding for an 877 unit resi scheme in Luton. Lastly, a 5 tower scheme by L&Q in Kew that ha caused some controversy has finally been approved by planners.
The £700M Whipps Cross Hospital in London has taken a step closer with Aecom drafted in to look at design. Speaking of design, the Robert Bird Group has been appointed as Structural Engineer for the £1.3Bn transformation of Olympia London.
In a positive and defiant statement of confidence, Argent are to begin a design competition to appoint an Architect on a new office development of part of its wider £700m Paradise Birmingham scheme.
In Manchester, three Resi towers that will create 634 homes look set to be given the go ahead by planners.
In Liverpool, things are hotting up! Everton FC has submitted revised plans for its new stadium that will be part of Peel L&P’s £5bn Liverpool Waters Regeneration scheme. A Marine scheme of over 550 flats at Brunswick Dock has been given the nod by planners. Meanwhile, whilst Bootle has had some bad news this week that Santander is not going to go ahead with its new HQ, exciting plans for the new retail area have been revealed.
With contractors already facing a challenging environment due to the effects of Covid, news that Kier has announced a major loss (£273M) for the second year on a trot is worrying news for the industry. The latest data from Mace also adds doubt as it predicts tender prices will fall 2.5% in 2021.
In Infrastructure, the second phase of power upgrades on the East Coast line has been signed off - valued at £216m. In huge blow for the UK’s Nuclear plans, Hitachi has confirmed it will be pulling the plug on a new plant at the Wylfa site in North Wales; causing leading names in the supply chain to warn of the potential of 10,000 jobs are now at risk. In more positive news, HS2 passed another major milestone this week with the completion of a new steelworks pre cast factory to feed the first major tunnel construction.

PEGASUS RADIO
It has been a long six months for us all! I had started doing daily market updates on the podcast back in March, but thought there may be value in giving you an update on the market from a recruiter’s perspective.
INDUSTRY INSIGHTS
This first article surely comes as little surprise to us all!
2020 already a record year for big shed deals
London house prices: all-time high for property in post-lockdown boom
Crossrail chairman calls for rethink over how mega-projects are scheduled
London’s office market will bounce back, as it always does
Construction sector needs targeted support to stop ‘tidal wave’ of job losses
Demand for site labour shows “V-shaped” recovery
TECHNOLOGY NEWS
Here is your latest tech news!
Microsoft's underwater data centre resurfaces after two years
The way we work: cost management's digital transformation | Turner & Townsend
5G – the great construction site moderniser?
Network Rail to build bridge with innovative composite materials
GREEN ISSUES
A bumper number of green stories this week!
Building the Case for Net Zero
Overcoming hurdles to decarbonising the strategic road network | Infrastructure Intelligence
Organising and collaborating to meet net zero challenge | Infrastructure Intelligence
UK contractors sound climate alarm
HS2 trials AI to cut carbon emissions
US, French companies team up to produce ultra-low-carbon concrete
INTERNATIONAL STORIES
This first article makes me happy - one of the most amazing buildings I have ever seen!
Work resumes on Sagrada Família but Covid-19 will slow it down
SK tipped to build 200MW floating solar farm in South Korea
Lendlease to open $29m digital construction centre in Singapore
Aecom hired to provide “backbone infrastructure” for Saudi Arabia’s $500bn city - News - GCR
Netherlands unveils plans to build 150,000 affordable homes .
CAREER ITEMS
Here is your latest career and life roundup!
Everyday Kindness: How Small Acts Have Big Impact
This one unconscious reaction may be holding women back at work
Do You Have a Difficult Subordinate Who Needs Coaching?
How to intentionally build break times into your workday
Practical ways to help staff’s mental health | Comment | Building
How to Keep Your Team Motivated, Remotely
4 ways to help employees feel safe when returning to work
Restore Your Sense of Control — Despite the Pandemic
The secrets to maintaining employee morale through the pandemic
'My company has gone fully remote and I'm despairing': who wins in the new world of working from home?
UNTIL NEXT WEEK....
That’s a wrap folks! I hope you have a great week ahead!
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