Multiplex News, Contracts and Projects | Construction News

Profit falls at Multiplex despite higher turnover

Ben Vogel — Tue, 01 Apr 2025 10:46:18 +0000

Pre-tax profit at Multiplex Construction Europe fell by more than a third last year although turnover grew by 16 per cent, according to the contractor’s latest annual accounts. It made a pre-tax profit of £19.6m for the year to 31 December 2024, down by 37…

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Costain tops December league table with HS2 work

Chris Smith — Mon, 06 Jan 2025 11:39:24 +0000

A single mammoth contract for HS2 work propelled Costain to the top of December’s league table, according to construction industry data specialist Glenigan. Work will begin in the first quarter of the year on the £400m job to deliver critical lineside mechanical and electrical systems…

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Multiplex lands St John’s Wood Square shell and core

Ian Weinfass — Mon, 25 Nov 2024 12:45:46 +0000

Multiplex has won the shell and core contract on the £450m St John’s Wood Square development in Westminster. The 5.5-acre scheme will see the former St John’s Wood Barracks turned into a prime 179-home development. The Australian multinational had already been working with client St…

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Multiplex starts fifth building on £1.3bn Glasgow Uni revamp

Ian Weinfass — Fri, 18 Oct 2024 10:45:46 +0000

Multiplex is set to start building a £300m learning and research building at the University of Glasgow this month. The 27,000 sq m Keystone building in the university’s Gilmorehill campus will feature general learning and teaching areas, dry and wet lab spaces, and high-spec computing…

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Plans in for 54-storey Multiplex HQ replacement

Charlotte Banks — Wed, 11 Sep 2024 10:43:26 +0000

Plans have gone in to knock down Multiplex’s City of London headquarters and replace it with a 54-storey tower. Developer Brookfield Properties, Multiplex’s parent company, is proposing to replace the existing 99 Bishopsgate with a new tower that will be more than double its height.…

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Brut strength on the South Bank: refurbishing London’s IBM building

Toni Sekinah — Mon, 05 Aug 2024 11:25:16 +0000

How Multiplex is remodelling, refurbishing and extending London’s brutalist IBM Building – while retaining 80 per cent of the existing structure Project: IBM Building, 76 Upper Ground, London Client: Stanhope Contract value: £145m Contract type: JCT Major Project Construction Contract 2016 Main contractor: Multiplex Architects:…

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Multiplex bags another London skyscraper

Charlotte Banks — Mon, 24 Jun 2024 11:56:14 +0000

Multiplex has been appointed to build the City of London’s newest skyscraper. Fifty Fenchurch Street will provide around 60,400 square metres of office space in the heart of the financial district. Multiplex did not divulge the value of the job but data provider Glenigan estimates it…

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Multiplex’s European profit soars

Greg Pitcher — Tue, 26 Mar 2024 11:59:19 +0000

Multiplex has almost trebled its profit in Europe after a “strong” year. The London-based arm of the Australian contracting giant reported pre-tax profit of £31m for the 12 months to 31 December 2023. This was up from £11.1m in the previous year, and just £2.6m…

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Multiplex starts work on £190m South Bank tower

Will Ing — Tue, 20 Feb 2024 13:07:26 +0000

Multiplex has started construction work on a 50-storey residential tower at Bankside Yards by the River Thames in central London. The Australian contractor is working with building-frame subcontractor Keltbray and facade subcontractor Scheldebouw on the 250-flat tower, which is part of the £3bn Bankside Yards…

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Multiplex HQ faces demolition under 54-storey City tower plan

Colin Marrs — Tue, 24 Oct 2023 11:07:56 +0000

A planning application is being drawn up for a 54-storey tower in the City of London to replace a 1970s-built block that is home to the HQ of Multiplex Europe. The City of London Corporation this month received preliminary notification of the proposal, which would…

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