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Post Brexit Cheer from China

Construction Management

The Benfield ATT Group

China’s £1 Billion Investment in Sheffield

It seems like our ‘half full - sunshine’ movement (Weekly Insight 5 August 16) has already started to bring us all some sunshine as we learn that China’s Sichuan Guodong Construction Group has inked a deal with Sheffield City Council to invest up to £1bn over the next 60 years.

Source: David Buckle/

One of the Biggest Outside London

This is one of the biggest investment deals outside of London. A number of projects will be developed over the next few years. The first few are thought to involve work to get more visitors into the city centre. This will involve the development of more hotels and leisure facilities as well as building more residential properties.

£220 million First Tranche ‘Cheer’

The first tranche of funding in the agreement is worth around £220m. It will fund four or five Sheffield city centre projects over the next three years. The exact projects the investment will fund are yet to be determined and will be decided by the council in the near future.

A ‘Real Partnership’ to smile about

Council leader Julie Dore said:
“This is a real partnership. The projects funded by this investment will be determined by Sheffield City Council, and the 60-year commitment secures a stream of investment into our city for the next generation, and means a whole range of projects become viable because of the long-term nature of the relationship.”

Let’s be Positive - Other Chinese Deals

The partnership deal was signed during a trade visit to Sheffield’s sister city of Chengdu. Sheffield has also recently signed cooperation trade agreements with Daqing, the leading centre for the oil and gas industry in China, and the city of Nanchang, to boost trade between local companies and China.

Chinas Interest in the North

It is not the first time China has shown interest in the northern part of England. Manchester has also been identified as a key strategic market and partner with the country. In particular the concept of the Northern Powerhouse has captured the imagination of Chinese investors, at state, institutional and individual level.

Building Partnerships

Building on Partnerships
Whatever your project, wherever the development, the chances are that it can benefit from a partnership approach. Essentially, a good team, working together with the key objective of satisfying the client’s needs for a better building, will deliver more for less within agreed time targets. Designers may benefit from some degree of technical expertise, sourcing specialist materials, adaptive engineering, off-site prefabrication and on-site MMC. Whether or not BIM is being used, conceptual designs can be made more ‘buildable’, Building Regulation compliant, and cost effective if the technical structural aspects have been addressed as the design is worked up. Indeed, ideally a ‘team working’ approach is desirable and can have significant benefits, especially in the area of energy efficiency. A useful mnemonic for ‘team’ is:-

Together Each Achieves More

‘Flexible’ Developments – a Winning Advantage

Consider how you could benefit from a partnership approach and claim your winning advantage for any one or more of your projects now. Secure the full benefits of speed, accuracy and the quality delivered by workers that enjoy working in enriched job environments. And of course producing the most advanced forms of Low Energy building. Call or e-mail us for a no-obligation chat today. You’ll be glad you did.

Some of our previous weekly insights:

'Glulam Popularity', 'Innovative Timber Frame', 'CLT Popularity', 'Nano-Membrane Toilet', 'New Lake Dwellings', 'Avoid Overheating', 'Drones in Construction', 'Good Times Ahead', 'NHBC 2016', 'The November Statement', 'Robo-brickies', 'Review for Approved Doc B', 'Floodzone Timber Frame', 'Knotweed', 'Stress-free CLT', 'Virtual Reality H&S', 'Customer Satisfaction', 'Continuing Skill Shortages', 'Overheating Dangers', 'Corbynomics', 'Tesla Powerwall', 'The Userhuss', 'Health Threat to Low Energy Homes', 'Dangers of Water Ingress', 'Fire Safety on Site', 'Building Energy Efficient', 'Delivering Zero Carbon', 'Bonfire of the Policies', 'Building a House', 'CO2 Reduction', 'Versatile SIPs', 'Exoskeletons in Construction'
The rest of our Weekly Insights can be viewed on our website by following this link

We'll have more information for you next week. In the meantime, head to Build News for your daily insight into the construction industry.

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The Benfield ATT Group

"Technical Timber Frame Designers & Builders of UK's 1st Amphibious House"

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