NEWS IN NUMBERS
New office builds surpass refurbs in London
O ffice refurbishments in London have dipped below new build work for the first time since 2020. However, new starts have also decreased, according to the Deloitte London Office Crane Survey . Looking at the period between April and September 2024, the data listed 3.7 million square feet of new office construction projects across 29 schemes – a 12 per cent decrease in volume compared with the previous survey. Researchers recorded the start of 1.2 million square feet across 18 refurbishment schemes – a 57 per cent decrease compared to the
previous survey. Philip Parnell, Partner and Head of Valuation and Real Estate Climate & Sustainability Lead at Deloitte, said: “Refurbishment levels have pared back markedly in this survey from previous high levels, and likely a reaction to the economic, geopolitical and wider global concerns prevailing during the survey period. “However, developers’ appetite to maintain their pipeline of activity, coupled with the continuing need to address evolving occupier requirements and ESG credentials, suggests this may be a blip rather than a trend.”
400,000 The number of work days lost in 2023/24 by the construction industry due
to workplace injuries. Source: HSE’s Labour Force Survey
4,771 The number of construction families supported in 2024.
Source: Lighthouse Construction Charity
4% The increase in construction input costs in Scotland in 2024. Source: Building Cost Information Service’s Scottish contractors panel
One framework for entire £80bn construction budget
T he Crown Commercial Service, part of the Cabinet Office, is creating a seven- year framework contract for the entire scope of construction works – at a spend of £80 billion. The framework, which is planned to run from 31 October 2026 to 30 October 2034, will be accessible by central government departments and UK public sector bodies, including
infrastructure, housing, health, education and defence.
The framework will cover the design, manufacture, supply and installation of construction works and services, as well as offsite construction solutions. A formal start to the
16.5% The increase in construction new orders in Q2 2024. Source: Currie & Brown’s UK Construction Market Outlook Report
procurement process is expected in January 2026. Scan the QR code for details.
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