Construction BUSINESS

Ulster

Kingspan Full Year Report Shows Revenue up 12 Percent in 2016

    Kingspan Full Year Report Shows Revenue up 12 Percent in 2016

Full year results for Cavan-based building materials producer, Kingspan, released on Friday, showed revenue up 12% to €3.1 billion in 2016.  Trading profit was up 33% to €340.9 million, while acquisitions contributed 11% to sales growth and 7% to trading profit growth in the year.
“2016 was another record year for Kingspan,” Kingspan Chief Executive Gene Murtagh […]

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House Price Inflation May Hit Double-Digit Levels in 2017

    House Price Inflation May Hit Double-Digit Levels in 2017

Irish house price inflation is set to accelerate in 2017, potentially reaching double-digit levels, according to the MyHome.ie property report for the final quarter of 2016.
“Clearly low stock levels will be the main driver of what’s happening in the market and will be for the foreseeable future,” MyHome.ie Managing Director Angela Keegan said. “Our report […]

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€15.5 Million Wind Farm Opened In Co. Antrim

    €15.5 Million Wind Farm Opened In Co. Antrim

Gaelectric officially opened its £13.4 million (€15.5 Million) wind farm on Thursday, November 17, at Cloonty in Co. Antrim. The 9.2MW wind farm is located on the Castlecat Road between Derrykeighan and Bushmills.
Cloonty is renewable energy and energy storage group Gaelectric’s fouth operating wind farm in Northern Ireland. The Company has 184MW of operating wind […]

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Planning approved for new hotel in Belfast

    Planning approved for new hotel in Belfast

Planning permission for a 206-bedroom hotel on the site of the former Belfast Metropolitan College has been granted to a County Tyrone development firm.
McAleer and Rushe acquired the site just over a year ago and intends to develop it with a mixed-use hotel and student accommodation scheme.
Belfast City Council approved plans designed by Belfast-based Consarc […]

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Ulster University: Second phase plans for Belfast campus

    Ulster University: Second phase plans for Belfast campus

The second phase of the Ulster University’s new Belfast campus will be built by a joint venture between Lagan Construction Group and the Portuguese firm Somague.
The £150m contract will involve constructing two new buildings and refurbishing existing buildings.
The first phase of the development, which is being built by McLaughlin and Harvey, is expected to be […]

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Formal Consultation Process Launches For Proposed A24 Ballynahinch Bypass

    Formal Consultation Process Launches For Proposed A24 Ballynahinch Bypass

The formal consultation process has launched for the proposed A24 Ballynahinch Bypass.
The announcement refers to the publication of the Draft Statutory Orders which will pave the way for the provision of a bypass which represents a potential investment in the range of £40m to £50m.
Transport Minister Danny Kennedy said: “The proposed scheme involves the […]

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