News April 2015
McCarthy & Stone to build 12,000 retirement homes
Balfour veteran joins Laing O’Rourke Former Balfour Beatty boss Bob Clark has joined Laing O’Rourke in the newly created position of director for Scotland in its construction division. Bob Clark takes responsibility for all Laing O’Rourke’s construction and specialist businesses in Scotland. He is Mr Clark was with Balfour Beatty for 35 years until August 2014, latterly as executive director of Balfour Beatty Construction Services UK.
Retirement housebuilder, McCarthy & Stone, announced plans to build 12,000 new homes in the next four years.
he said. “Scottish market conditions are clearly improving and there are a number of interesting opportunities arising that are ideally suited to Laing O’Rourke’s innovative approach to DfMA, digital engineering and integrated delivery capabilities. I’m looking forward to driving this
The move comes as the company in the six months for February were up 76% from last year to £32m and revenue was up 26% to £188m. John White, group chairman, McCarthy & Stone said: “The challenges presented by an ageing population means that there remains a pressing need to build more specialist retirement housing, and we have been actively calling on all political parties to focus on this area ahead of the forthcoming general election. It is imperative that they look beyond proactively encourage more and better housing options for our growing elderly population. “We continue to target investment of £2 billion in land and build over four years to deliver around 12,000 new homes across more than 300 locations, support growth and capture a wider share of the active retiree market. Our strategy of business capable of building and selling more than 3,000 units per annum over the medium term The Group buys land and then builds, sells and manages retirement developments. It has the largest share of the owneroccupied market in the UK.
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fantastic credentials having been responsible for major projects across sectors in his previous role, including North Lanarkshire schools, Fife
Ardmore lands £48m resi deal in Lewisham Ardmore has won the latest £48m phase of Family Mosaic’s Heathside and Lethbridge regeneration scheme in south London.
added: “We are pleased that Ardmore has been appointed at the next phase of this development.
The latest award will see Ardmore start on site this summer on Phase 4 of the Lewisham scheme after completing phase 2 and the ongoing delivery of phase 3.
opportunities to local people and we look forward to building on our existing accomplishments with them in order to make sure that we continue to play our part in delivering real opportunities for local
Ardmore will build 236 new homes under the latest deal alongside extensive external works to create new roads and external landscaping in the area surrounding the homes. Construction on phase 4 is scheduled for completion in spring 2017. Ardmore development director, Chris Langdon, said: “We have been able to develop excellent ties with the local community over the forward to building further on these, especially in making use of the skills and expertise of our local supply chain to boost regeneration in the Denise Atkinson, Local Labour and Business Co-ordinator for the London Borough of Lewisham,
Rob Warwick, Regeneration Manager at Family Mosaic, said: “Ardmore is extremely experienced in the delivery of complex estate regeneration projects, and we are excited that the next phase of regenerating this area of Lewisham Heathside and Lethbridge is one of London’s biggest estate regeneration programmes, and is planned to be carried out over six phases. The regeneration works being undertaken by Family Mosaic and the London Borough of Lewisham are transforming the estates into an attractive mixed tenure development, with over 1200 highhomes.