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August 7, 2017

July’s top stories: MVRDV to design mixed-use tower in Rotterdam, HLG wins contract in Dubai

InterContinental Hotels & Resorts has opened its latest hotel, the 607-room InterContinental New York Times Square in Manhattan, US. The 36-storey hotel features 10,000ft² of meeting space, a 4,000ft² ballroom and 25 flexible suites that can be used as event spaces.

MVRDV to design new mixed-use tower in Rotterdam

Netherlands-based architecture firm MVRDV won the competition to design The Sax, a 51-storey mixed-use tower in Rotterdam’s Wilhelminapier port development.

With two interconnected towers, The Sax will rise between the New Luxor Theater and the Boston and Seattle residential tower.

It has a different shape that comprises the interconnected Philadelphia and Havana towers with a total surface area of 82,000m².

HLG wins contract for EXPO Village Parcels 10 and 11 in Dubai

The Dubai World Trade Centre (DWTC) awarded a contract valued at AED619m ($168m) to HLG Contracting for the construction of the EXPO Village Parcels 10 and 11 residential towers.

DWTC is developing and managing the project.

Under the terms of the contract, HLG will construct five 16-storey towers as part of the preparations for Expo 2020 Dubai.

VSF wins contract to expand Paleis Het Loo museum in Netherlands

Volker Staal en Funderingen (VSF), a subsidiary of VolkerWessels, secured a contract to carry out the underground expansion works of the Paleis Het Loo museum in Apeldoorn, Netherlands.

Renovation and refurbishment works at the former Royal Palace will take place over the next few years.

VSF won the contract for the underground concrete construction pits, structures and auxiliary structures, and new foundations.

MRC provides $270m loan for development project in US

Real estate investment company Madison Realty Capital (MRC) provided a $270m construction loan to All Year Management for a development project in the US.

All Year Management’s development comprises two separate buildings with more than one million square feet, 911 residential units, 20,650ft² of retail space, and 533 parking spaces at the former Rheingold Brewery site in Bushwick, Brooklyn, US.

Earlier, MRC provided a bridge loan for site acquisition and pre-development, and its current loan serves as full construction financing for the project.

Multiplex to develop University of New South Wales’ new $132.4m building

Global construction and property development company Multiplex secured a deal to build the University of New South Wales’ (UNSW) new A$174.4m ($132.4m) Science and Engineering Building (SEB) in Australia.

To be situated at the corner of International Road and Third Avenue within the UNSW campus, the new SEB will help the university to expand the Physical Sciences Precinct at its Kensington campus.

The SEB has been designed by architect Grimshaw and will feature ten levels. It will also include 24,000m² of teaching and research facilities for the School of Chemical Engineering and the School of Chemistry, with the flexibility to accommodate a range of technical research requirements.

Skanska to build St Giles Circus development in London

Skanska secured a £142m contract from Consolidated Developments to construct the St Giles Circus development in the West End of London, UK.

Skanska is expected to include the deal in its order bookings for Europe in the third quarter of this fiscal year.

The project will combine entertainment, retail and leisure spaces, commercial offices, and residential accommodation across four new constructions and a number of existing buildings.

Wates Construction appointed main contractor for Leeds City College Quarry Hill campus

Wates Construction was appointed as the main contractor for the new £57m Leeds City College Quarry Hill campus project in Leeds, UK.

The company won the contract worth approximately £37.7m and will now commence construction work on the location.

The new campus will house the college’s Creative and Digital Arts, as well as the Health and Social Sciences departments.

LKK Health Products to acquire London’s Walkie Talkie skyscraper for £1.28bn

LKK Health Products Group (LKKHPG) agreed to acquire London’s Walkie Talkie skyscraper 20 Fenchurch Street, EC3M from joint owners LandSec and Canary Wharf Group, for £1.28bn.

Developed by a joint venture (JV) between both the companies in 2010, the skyscraper 20 Fenchurch Street was completed in 2014.

The building comprises 671,000ft² of office space on 34 floors in the City of London’s insurance district, and features a new design.

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