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Mon September 16 2024

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Swan tops September's contracts league

5 Oct 20 House-builder Swan/Nu Living was given top spot in the Builders’ Conference BCLive contracts league table for September 2020.

Artist's impression of the initial stages of the planned Purfleet housing
Artist's impression of the initial stages of the planned Purfleet housing

Nu Living topped the table in September by virtue of the 拢1bn Purfleet regeneration scheme in 聽Thurrock Borough Council.

The plans, approved in April 2019,聽 envisage up to 2,850 new homes as well a million square feet of television and film production facilities in a bid to make Purfleet a centre for creative industries.

Swan/Nu Living does not actually have a 拢1bn contract 鈥 that is the envisaged gross development value of the overall regeneration plan being led by Purfleet Centre Regeneration Ltd (PCRL). Swan is one of the three partners in PCRL.

That said, the Builders鈥 Conference has included the long-term GDV in its contracts total of 拢5.7bn for September 2020.

In second place was Wates, with three contracts totalling 拢617m in value. The largest of these is a 拢600m mixed-use development for the London Borough of Harrow. Wates is the council鈥檚 partner in the Harrow Strategic Development Partnership (HSDP), which plans to revamp Wealdstone town centre, building 1,500 new homes and a new civic centre as well as shops, offices and a school.

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The rest of the top five was made up of Laing O鈥橰ourke, Court Collaboration and U&I, all of whom signed a single contract each, valued at 拢300m, 拢280m and 拢200m respectively.

Morgan Sindall Group secured most new orders in the month with 17 separate contracts signed, totalling 拢174.8m. This put it in seventh place in the BCLive league table for September.

Builders鈥 Conference chief executive Neil Edwards said: 鈥淧redictably, the house-building sector accounted for the lion鈥檚 share of new contract awards recorded in the month with a total of 拢2.1bn divided between more than 160 projects. The miscellaneous sector 鈥 which will undoubtedly include some large elements of housing 鈥 was valued at 拢1.7bn. Offices and education claimed the third and fourth slots with 拢731m and 拢348m respectively.鈥

He concluded: 鈥淭he pronounced imbalance between privately and publicly-funded projects remains; and the construction sector鈥檚 reliance upon house-building shows no signs of abating.聽聽

鈥淒espite all this, the industry has delivered another sterling set of figures amidst growing Covid-19 and Brexit uncertainty.聽聽 Against that background, UK construction鈥檚 performance should be applauded, not questioned.鈥

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