黑洞社区

Clients handed out around 拢5.5bn of construction work in June 鈥� up by around 拢1bn from the month before, Glenigan data has revealed.

The figures (see 黑洞社区 Boardroom) reveal the most work was awarded in the utilities sector, with firms here inking deals worth just over 拢1.17bn 鈥� or around 20% of all work handed out in the month.

The bulk of this, 拢1bn, was from a Greater London Authority deal with BAI Communications to install 2,000km of cabling within the tunnels and stations of the London Underground to provide full fibre internet coverage throughout the Tube network.

After utilities, the next most prolific sector was commercial, with clients here awarding firms 拢756m of business.

This was followed by those in the hotel and leisure sector, at 拢655m, and infrastructure clients awarding 拢550m worth of work.

Aside from the full fibre deal the top deals signed in the month included the win by Laing O鈥橰ourke to build Land Securities and LS Lavington Street鈥檚 拢190m Timber Square development and Kier鈥檚 拢160尘 contract win to build Public Health England鈥檚 new Essex hub.

While both these deals had been previously announced they were finalised last month.

Meanwhile, the data has also revealed that 拢6.95bn worth of projects were approved in June, 26% up on the 拢5.5bn approved in May.

The private housing sector was the market with the highest value of projects given the green light, securing permission for 323 schemes worth almost 拢2.2bn.

After private residential, hotel and leisure achieved the second-highest value of approvals at 拢965m. This was largely due to the approval of Everton鈥檚 拢505m new stadium.

It was followed by utilities at 拢916m. This was once again dominated by one high-value approval, Intelligent Land Investments鈥� 拢550m Loch Ness pumped storage scheme.

* private housing awards data refers to external contracts only and does not include frameworks

** projects awarded by a joint venture are listed independently to both single party clients