Vinci to merge UK development arm with acquired Liverpool firm

Vinci aims to fold its UK development business into regeneration specialist Ion Property Group, after Vinci Construction announced it has acquired the Liverpool-based firm for an undisclosed sum. Vinci UK Developments will be merged with the newly purchased company, the contractor said. It added the… The post Vinci to merge UK development arm with acquired Liverpool firm appeared first on Construction News.

Fletcher Building announces sale of Fletcher Construction

Fletcher Building has announced the sale of its Construction Division to major international construction group VINCI Construction (VINCI) for $315.6 million. The purchase price is subject to a potential increase of up to $18.5 million in aggregate pending the final outcome of a small number of key contracts for the division currently under negotiation, which […] The post Fletcher Building announces sale of Fletcher Construction appeared first on Building Today.

Vinci buys another New Zealand builder

France’s Vinci Construction has announced the acquisition of Fletcher Construction, subsidiary of the New Zealand-based Fletcher Building Group, for an undisclosed sum. Fletcher Construction was founded in 1909 and employs… The post Vinci buys another New Zealand builder appeared first on Global Construction Review.

Taylor Wimpey sues Vinci over major Cardiff cladding job

Housebuilder Taylor Wimpey is suing Vinci Construction for more than £30m over alleged cladding and steelwork defects carried out by the contractor’s subsidiary Taylor Woodrow at a development in Cardiff. The case concerns the development of seven residential towers at Victoria Wharf in Cardiff Bay.… The post Taylor Wimpey sues Vinci over major Cardiff cladding job appeared first on Construction News.

PFI woes continue to haunt Vinci

Vinci Construction UK has reported a third consecutive loss making year, with legacy private finance initiative contracts taking much of the blame.

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