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...Lending to support construction is higher risk....
...The businessman is the youngest son of the late Onsi Sawiris, who founded a construction company in the 1950s and built it over decades into a large multinational corporation now called Orascom Construction...
...Chadha’s investment group KRC Capital did not immediately respond to requests for comment....
...Real estate groups are lobbying the Treasury to row back on changes to property taxation in England that would see investors in rental housing pay more tax on deals....
...Construction materials group Breedon has had an eventful 12 months....
...China Construction Bank did not immediately respond to a request for comment. Additional reporting by Cheng Leng in Hong Kong...
...International hotel groups are stepping up plans to add independent hoteliers and smaller brands to their European franchises as they seek to capitalise on soaring demand for travel amid high construction...
...Tor Burrows Group Sustainability Director, Grosvenor, London W1, UK...
...Berkeley Group reported “negligible” inflation in the cost of building for the first time, as the decline in construction and energy prices eased cost pressures for housebuilders....
...The construction sector is also facing a reckoning as a result of its environmental impact....
...Holcim thinks its standout US business, now currently 40 per cent of group sales, can command a higher valuation in line with American peers....
...That can no longer be taken for granted with state-owned China Construction Bank (CCB) taking rare legal action against the troubled mainland developer Shimao Group....
...The petition, issued by China Construction Bank in Hong Kong’s High Court on Friday, is related to an “approximately HK$1,579.5 million [$201.7mn]” financial obligation, Shimao Group said....
...“We deliberately demand a fixed amount because it is important to us that employees in the lower wage groups in particular have significantly more money in their wallets.”...
...Barbican Quarter Action, the local campaign group, said it was “disappointed” by the City vote and urged Gove to launch a further review....
...Thomas Pugh, economist at consulting group RSM UK, said: “The economy probably contracted in Q3 and, at face value, the PMIs are pointing to another contraction in Q4, which would mark the start of a recession...
...However, there are enough signs that interest rates are peaking to have lifted shares in other building materials groups....
..., chief executive of FTSE 100 developer Berkeley Group....
...head of its European business, Miljan Gutovic, would take over as group chief executive from May....
...Swedish inflation: The Riksbank is predicted to report a March annual inflation reading of 2.6 per cent, according to analysts polled by the London Stock Exchange Group....
...Latin American countries have not had new coal power plant construction starts since 2016 and for countries in the OECD, Europe, or the Middle East, no construction has started in the past five years....
...: the Munich-based seller of software for construction and infrastructure projects was down 4 per cent after the company said its full-year profit and earnings per share were unchanged from the previous...
...Last week, Toffoli — a former lawyer for the ruling Workers’ party — suspended a multimillion-dollar fine imposed on construction group Novonor, formerly known as Odebrecht, for its role in the bribery scandal...
...The toy retailer started life in 1901 in Liverpool when founder Frank Hornby received a patent for his Meccano construction toy....
...Most architects work with different construction teams on every project, but Daniel relies on a tight-knit group....
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