Construction News

11/04/2019

Kier Property Sells Sydenham Sites For £65m

Kier Property has sold two adjoining sites in Sydenham for a total cost of £65 million.

Bell Green Retail Park, an 11-unit development, was sold to CBRE Global Investors on behalf of West Midlands Pension Fund for £50 million.

The retail park includes occupiers like Next, Dixons, B&Q, Pets at Home, McDonalds and Aldi, which recently secured consent for the former Toys 'R' Us unit.

-- Advertisement --

An disclosed party also purchased the adjoining Trade City scheme in Sydenham for £14.65m, delivering a net yield of 4.3%.

The former gas works site was purchased in 2012 from SGN and comprises an 11-unit trade counter development with occupiers including HSS Hire, Toolstation, Edmundson Electrical and Mercedes.

Kier Property was represented in both instances by Cushman & Wakefield.

(CM/JG)

News Archive

Latest Construction News

13/05/2025

Construction Begins On £38m Caerphilly Leisure ...

Construction has commenced on a major new £38 million leisure and wellbeing hub in Caerphilly. The state-of-the-art facility is set to become a cornerstone of the Caerphilly Town 2035 placemaking plan, transforming a previously unused area of scrubland into a vibrant, inclusive community space. Co

13/05/2025

Costain To Lead Design Of Europe's First HALEU ...

Costain has been awarded a significant contract by Urenco to deliver the front-end engineering design (FEED) for a pioneering nuclear fuel production facility in Cheshire. The project will mark Europe's first High Assay Low Enriched Uranium (HALEU) Advanced Fuels Facility, aimed at supporting the

13/05/2025

Construction Begins On Motus Commercials' New F...

Construction has officially begun on a new 38,000 sq ft commercial vehicle workshop and sales facility for Motus Commercials at Ravenscraig, marking a major step forward in the regeneration of one of Europe's largest brownfield sites. A ground-breaking ceremony recently held signalled the start of

13/05/2025

Dorrington Gardens Housing Development Approved...

Plans to transform the underused Dorrington Gardens car park into new housing have taken a major step forward, following approval by Havering Council's Strategic Planning Committee. The approved scheme will see the creation of 34 new homes, comprising a mix of houses and apartments. The development

13/05/2025

Redevelopment Work On Alexandra Theatre Progres...

Construction work on the Alexandra Theatre redevelopment in Bognor Regis is progressing on schedule, as the project continues to reshape one of the town’s most iconic cultural landmarks. The latest project update confirms that key construction milestones have been achieved, including the commenceme

13/05/2025

Cambridge City Council Unveils Updated Civic Qu...

Cambridge City Council has released updated plans for its Civic Quarter project, which aims to transform three of the city centre's key landmarks, the Cambridge Market, Corn Exchange, and Guildhall, into more inclusive, accessible, and sustainable spaces. The public is now invited to give feedback o

13/05/2025

Kier Natural Resources Extends Partnership With...

Kier Natural Resources, part of the Integrated Operational Solutions (IOS) Alliance, has renewed its partnership with Anglian Water through a new five-year contract as part of the company’s AMP8 investment programme. The agreement will support Anglian Water's £11 billion investment initiative, mar

13/05/2025

Hundreds Of Affordable Homes To Be Built Birmin...

A major new housing development has been announced in Stechford, Birmingham, as part of efforts to address the West Midlands' deepening housing crisis. Nearly 300 affordable homes, including 150 designated for social rent, will be constructed on the site of the former Yardley Sewage Works in Cole H

13/05/2025

Where Should I Position My Safety Shower And Ey...

In the realm of workplace accidents and chemical spills, every second counts. The rapid response to emergency situations can often be the line between minor inconvenience and severe injury. With regulations such as those set by both international and European standards, the importance of safety eq

13/05/2025

Expansion Plans Approved For Four Peterborough ...

Four schools in Peterborough are set to undergo expansion works later this year to meet increasing demand for school places, following funding approvals from Peterborough City Council. The schools – Duke of Bedford Primary School in Thorney, Stanground Academy, Marshfields School, and NeneGate Scho