Wates

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…

Construction firms and major-project clients including HS2 Ltd have pledged to increase the number of women working in construction, to mark International Women’s Day (8 March). The £100bn rail project is among those that have signed up to work with non-profit advocacy group Women into Construction (WiC). HS2 said it…

Kier, Wates, Bam Construction and Vinci are among firms that have won spots on a £750m building decarbonisation framework. The decarbonisation framework will deliver projects focused on improving energy efficiency in housing association properties and public sector buildings, including thermal fabric improvements, heating, renewables and other upgrades. The framework provider…

Warwick District Council and Coventry City Council have approved the outline plans for a gigafactory in the West Midlands. The facility, which will produce batteries for electric vehicles, will have 530,000 square metres of floor space and is expected to receive further planning approval in March 2022. West Midlands Gigafactory…

Wates took top spot of the December contracts league table after it secured a £450m deal to build a car-battery gigafactory. The contractor will design and build the factory for electric-vehicle batteries on a 50 hectare site in Sunderland. Built at the International Advanced Manufacturing Park, the project propelled Wates…

Wates has been appointed to work on designs for a £450m gigafactory in Sunderland. The contractor was selected alongside Turner and Townsend – which will carry out cost and project management – to work on the project to build a factory for electric-vehicle batteries. A main contractor to deliver its…

Morgan Sindall, Wates, and Willmott Dixon are among the firms appointed to the £5.16bn Southern Construction Framework (SCF). The residential framework will run for four years and give the firms access to residential work in London, the South East and South West. Projects awarded could include traditional design-and-build contracts, end-to-end…