Plan for major Leeds high-rise student and events scheme

Developer Downing will submit ambitious plans in the autumn for a major student accommodation and events scheme in Leeds city centre, adjacent to the Leeds First Direct Arena.

It will seek detailed planning consent for purpose-built student accommodation across two separate but adjacent plots, and outline planning to develop a multi-purpose events space, which would be taken forward at a future date by Leeds City Council.

A 38-storey purpose-built student tower is planned for Merrion Way featuring 728 student bedrooms in a mix of six-bedroom and 296 studios.


High-rise building proposed for site fronting Clay Pit Lane, Merrion Way and Brunswick Terrace, with nearby events centre plan still at outline stage

Meanwhile, the existing Yorkshire Bank office building would be demolished to make way for the second phase, comprising a stepped building rising to 18 storeys, featuring 543 student bedrooms in a mix of five and six-bedroom clusters and 216 studios.


Second student accommodation building proposal for site located between Clay Pit Lane and Elmwood Close

If approved, the plans will pave the way for 1,200 flats and the creation of a 110,000 sq ft facility including an 800-900 capacity auditorium at the centre of the Leeds Arena Quarter, designed to attract additional corporate, cultural and live events.

The sustainable development will incorporate photovoltaic panels and air source heat pumps.

Each element of the plan promises to regenerate unused space in part of the city that will benefit economically from additional footfall. The proposals also have the potential to create approximately 390 jobs in the construction phase.

George Tyson, projects director at Downing, said: “It has long been recognised that Leeds is in need of an additional, flexible events space capable of hosting corporate banqueting, awards ceremonies and live entertainment. With 2,000 square metre flat floor space, this scheme has the potential to host conferences and exhibitions which can’t be facilitated at the Arena or other venues in the city centre, allowing Leeds to secure business that may otherwise be lost to other cities and regions.”

He added: “Attracting and retaining graduate talent is vital to the health of the regional economy and this relies on being able to offer attractive student accommodation. Our proposals will provide students with brand new, first-class living space in a dynamic part of the city, with fast access to university buildings and facilities.”

 

 

 

18 firms win £220m Yorkshire civils framework

Eighteen regional contractors have secured places on a civil engineering framework for the seven councils forming the Yorkshire Highways Alliance including North Yorkshire County Council

The works for complete or part construction and civil engineering work will predominantly take place on bridges and the highway network.

Potential works include: resurfacing, reconstruction, slurry sealing, drainage and kerbing, repairs to bridges, retaining walls and culverts.

Civil Engineering Contractors Framework 2021

Projects £2m+ in North Yorkshire, York, Bradford, Calderdale, Kirklees, Leeds & Wakefield.

C.R. Reynolds; Eric Wright Civil Engineering; Fox (Owmby); Jackson Civil Engineering Group; PBS Construction (North East); Rainton Construction

Projects £500k – £2m in North Yorkshire, York, Bradford, Calderdale, Kirklees, Leeds & Wakefield.

C.R. Reynolds; Colas; Dyer & Butler; Fox (Owmby); Galliford Try Construction; I & H Brown; PBS Construction (North East); Rainton Construction

Projects: up to £500k – Bradford, Calderdale, Kirklees, Leeds & Wakefield

A E Yates; C.R. Reynolds; Cheetham Hill Construction; Hinko Construction; JN Bentley; PBS Construction (North East); Rainton Construction; Seymour Civil Engineering Contractors; Thomas Armstrong (Construction); Thomas Bow;

Projects: up to £500k – North Yorkshire & York

A E Yates; C.R. Reynolds; Cheetham Hill Construction; Hinko Construction; Howard Civil Engineering; JN Bentley; PBS Construction (North East); Rainton Construction; Seymour Civil Engineering Contractors; Thomas Armstrong (Construction)

 

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https://www.thegraduatemag.com/?p=233

Subcontractors hit out at HMRC over slow VAT repayments

Specialist contractors have hit out at HMRC over the time it takes to reclaim VAT payments following a controversial change in the tax regime earlier this year.

The “domestic reverse charge” change came into force in March and means companies in the construction supply chain will no longer receive their 20% VAT payment when they submit bills.

The VAT cash is instead paid direct to HMRC by the customer receiving the service who will reclaim it in the normal way.

That has left a lot of specialist contractors no longer receiving VAT payments from customers but still paying them to suppliers.

In that situation subcontractors become known as “repayment traders” who are owed money at the end of each quarter by HMRC.

Firms have contacted the Enquirer claiming HMRC is not paying the cash back quickly enough.

One M&E boss said: “We are currently owed more than £35,000 which is a considerable amount of cash flow for a firm like ours.

“The scheme only came in six months ago and already there are problems claiming back our VAT cash.”

Another subbie said: “It is totally unacceptable.

“The whole scheme change was a hit to our cash flow and now this is making things even worse.

“We will be running VAT deficits each quarter which puts us under unnecessary pressure.”

Did you miss our previous article…
https://www.thegraduatemag.com/?p=227

Laing O’Rourke to float by 2024

Laing O’Rourke founder and chief executive Ray O’Rourke is planning to list the business on the stock exchange within the next three years.

O’Rourke revealed the timeline to take the country’s largest private contractor public in an interview with the Financial Times.

He said: “We will float the company in a few years’ time. By 2024 we will be in good shape.”

Latest results for the firm showed pre-tax profit jumped nearly 40% to £46m in the year to March 2020, despite revenue dipping 11% to £2.4bn.

Did you miss our previous article…
https://www.thegraduatemag.com/?p=222