Picton Property outperforms MSCI index again as it assesses takeover bid

The company reported a 1.7% valuation rise and a 4.8% rise in estimated rental value (ERV), as it considers offers including a bid LondonMetric and Schroders made last month. The post Picton Property outperforms MSCI index again as it assesses takeover bid appeared first on Property Week.

McAlpine to be replaced on £4bn gigafactory

Sir Robert McAlpine is to be replaced on the £4bn Agratas electric vehicle battery plant in Somerset. TSL, which specialises in data centres and logistics builds, is in line to take over the project, Construction News understands. McAlpine landed the contract to construct the first… The post McAlpine to be replaced on £4bn gigafactory appeared first on Construction News.

McAlpine replaced on £4bn Somerset gigafactory job

Rival contractor TSL believed to be waiting in wings to take over

Strabag’s Van Elle acquisition close to completion

Strabag UK’s £58.8m takeover of Van Elle is expected to complete next week. The pair told investors the deal had been sanctioned by the courts and the final administrative step was expected to occur on Monday 15 June. Nottinghamshire-based ground engineering contractor Van Elle last… The post Strabag’s Van Elle acquisition close to completion appeared first on Construction News.

Court rubber stamps Van Elle’s £59m takeover by Austrian giant Strabag

Deal due to be formally completed next week