Wates

Wates, Wilmott Dixon and Bouygues UK have won spots on a £2.5bn framework to build 7,000 new houses across London. The framework, tendered by housing association Notting Hill Genesis, will run for four years until June 2026, with the option to extend for a further two years. A total of…

Wates has pledged to make energy efficiency in social housing a key part of its work in the coming years. The contractor’s new pledge, Wates Retrofit, will focus on retrofitting the “vast” number of social homes in the UK that need work ahead of the government’s ambition to reach net…

Kier and Wates are to deliver prison upgrade works at six separate sites in a government contract worth £500m. The firms, which were chosen by the Ministry of Justice (MoJ), will lead an alliance of hundreds of small businesses in constructing extra houseblocks at half a dozen prisons that will…

A local authority in North Yorkshire has taken Wates off a £32m regeneration project because of delays and cost issues, just a year after it was appointed. Last May, Wates entered a contract with the City of York Council to help deliver its Castle Mills scheme, which involved the construction…

A total of 44 construction firms have been named on a £35bn facilities management framework that requires reporting on modern slavery, prompt payment and improving opportunities for underrepresented groups. The framework provider Crown Commercial Service (CCS) named the winners, among which are the facilities management arms of Kier, Mace, Galliford…

Wates has started work on a £31.5m science centre in Oxfordshire, which will include office space, meeting areas and laboratories for quantum computing. The National Quantum Computing Centre (NQCC) is being built at Harwell, with the intention of bringing together experts in the academic, business and private sectors. Research will…

Wates has made a commitment to appoint more women to senior roles, as a condition attached to a £90m loan. The contractor secured a three-year sustainability-linked loan, facilitated by a syndicate led by Lloyds Bank along with HSBC and AIB, which each put in £30m. The terms of the loan…

Kier and Wates are among a host of contractors to be named on multiple lots on a £30bn framework. The two contractors bagged seven spots each on the framework which will mainly cover NHS work. Known as ProCure23, it is administrated by the Crown Commercial Service and first opened to…

Wates is set to pursue more joint ventures with local councils, after the arrangement landed them several bumper contracts over the last year. Wates noted in its annual results this morning that it had returned to its pre-pandemic pre-tax profit, following a big hit from the coronavirus pandemic in 2020.…

A “healthy” housing pipeline helped to bring Wates’s profit above its pre-pandemic performance. Wates’s pre-tax profit for the year to 31 December 2021 came in at £35.9m, up from £839,000 in 2020. Wates chief executive David Allen (pictured) predicted last year that his business would bounce back to the profit…