Kier Group - KIE Stream Log

Announced 14.1.2020: Kier has won the massive £150m Crawley Town Centre Regeneration Scheme. Work on the Crawley regeneration scheme is already underway with 91 apartments, set over nine storeys currently being completed on the site of a former two-storey car park next to the current Town Hall. The project, which will be completed in December 2021 involves the demolition of the existing Town Hall and the construction of a nine-storey building that will house the 41,000 sq. ft. Town Hall as well as 77,000 sq. ft. of commercial office space. Once the new building is open, the remainder of the current Town Hall will be demolished to make way for the final phase of redevelopment, a 10-storey block featuring 182 apartments with ground floor commercial space opening on to a new public square. [link]

[link] From The Construction Index: These are the top three pure-play construction contractors in the Builders’ Conference league table for 2019. It has Lendlease at the head of its table due largely to a £4bn long-term redevelopment around Euston station in London for HS2. Its role there is co-developer, however, rather than main contractor.

Reposting due to spammer. I've reposted the spamming abuse. It turns out that Kier is winning a massive amount of work compared to its rivals. Kier signed a new construction contract on every single working day of 2019, on average, according to market data gathered by the Builders Conference. During 2019 Kier signed up as contractor on 256 different construction projects; during 253 working days in 2019. The total value of the work won by Kier in 2019 was just over £3bn or £3,012.5m to be precise, according to the Builders Conference. By contrast, Balfour Beatty won less than £2bn of new construction business in 2019; it signed 55 contracts with a total value of £1,976.4m, according to the Builders Conference categorisation system, although it won a further £500m-worth of work in a £1bn joint venture with Vinci for HS2. Morgan Sindall signed 182 contracts with a total value of £1,961.8m. Info comes from this article in the construction index: [link]

Reposting due to spammer. I've reported the spamming abuse.

Also, the sale of Kier Living (the residential arm of Kier) looks imminent. The KL division has had its loan capital transferred back to the Kier parent company and its ownership structure formalised in terms of defined shares which value the business at £163m. Also there is widespread press reporting on KL's recent winning of a huge residential development and the fact that work is expected to start this month. The Cardiff development is a high value area; 270 houses approved for building. A great start to the year for 2020 for KL and a guarantee for any KL buyer that the business hits the ground running this year for new production.

New figures on construction enquirer show Kier going up 2 places on both monthly and year-to-date construction-only work won. So no, temp removal from promt payment did not affect (Kier is back on the prompt payment code register). [link] The Builders Conference data shows Kier doing even better than that.

Announced today: Kier has won the massive £150m Crawley Town Centre Regeneration Scheme. Work on the Crawley regeneration scheme is already underway with 91 apartments, set over nine storeys currently being completed on the site of a former two-storey car park next to the current Town Hall. The project, which will be completed in December 2021 involves the demolition of the existing Town Hall and the construction of a nine-storey building that will house the 41,000 sq. ft. Town Hall as well as 77,000 sq. ft. of commercial office space. Once the new building is open, the remainder of the current Town Hall will be demolished to make way for the final phase of redevelopment, a 10-storey block featuring 182 apartments with ground floor commercial space opening on to a new public square. [link]

[link] From The Construction Index: These are the top three pure-play construction contractors in the Builders’ Conference league table for 2019. It has Lendlease at the head of its table due largely to a £4bn long-term redevelopment around Euston station in London for HS2. Its role there is co-developer, however, rather than main contractor.

Info below comes from this article in the construction index: [link]

It turns out that Kier is winning a massive amount of work compared to its rivals. Kier signed a new construction contract on every single working day of 2019, on average, according to market data gathered by the Builders Conference. During 2019 Kier signed up as contractor on 256 different construction projects; during 253 working days in 2019. The total value of the work won by Kier in 2019 was just over £3bn or £3,012.5m to be precise, according to the Builders Conference. By contrast, Balfour Beatty won less than £2bn of new construction business in 2019; it signed 55 contracts with a total value of £1,976.4m, according to the Builders Conference categorisation system, although it won a further £500m-worth of work in a £1bn joint venture with Vinci for HS2. Morgan Sindall signed 182 contracts with a total value of £1,961.8m.