WTP Hong Kong celebrating 40 years of establishment

WTP Hong Kong is celebrating 40 years of establishment in Hong Kong this year. We will be sharing pictures of our notable projects in the past 40 years via Twitter and LinkedIn pages.

WTPHK Twitter

https://twitter.com/@WTP_HK_PRC

WTP Asia LinkedIn company page

https://www.linkedin.com/company/wt-partnership-asia-?trk=company_logo

Stay tuned.

 

WT Partnership Review of UK Construction Market Conditions 2Q 2016

Tender price inflation continues to slow in 2016 after two years of steep increases which have left inflation 18% higher than in 2013. We are currently predicting that tender price inflation during 2016 will rise by 4.5% in Central London and by 4.2% in the remainder of the UK as a whole.

The ‘hot spots of activity’ outside of London include Cambridge, Manchester and Bristol. Construction activity in Croydon is also at a high level with a stream of office, retail and residential developments under way with works on the new Westfield/Hammerson shopping centre expected to commence in 2017.

Despite moderating national construction industry output, capacity remains an issue as supply continues to outstrip demand, although there are increased signs that some Contractors have gaps to fill in their order book. The market favours the ‘supply’ side and Contractors continue to be able to be selective in their approach to tendering which is directly linked to the tender price inflation run of the last two to three years.

There is a real concern in large parts of the property industry that a vote in favour of leaving the European Union on 23rd June 2016 could potentially cause investment money, particularly overseas investment, to dry up in the UK with a knock on effect in reducing construction output. Land Securities chief executive Robert Noel has said that “business uncertainty” during the negotiations on an exit treaty could “drive down occupational demand” potentially leading to “falling rental values and a reduction in construction commitments, particularly in London”.

New survey data produced by the RICS shows that international demand for UK office, industrial and retail property has fallen since the referendum was confirmed last summer, suggesting that international businesses are already postponing investment in the UK.

Other potential outcomes of a ‘Brexit’ are higher labour costs due to the industry’s heavy reliance on migrant labour, higher material costs due to anticipated increased import costs and also increased house price volatility.

However, this potential exit from the EU is still a moderate risk rather than reality and is not reflected in our current tender price inflation forecasts as the UK has so far been little affected by external markets and events.

Confirmed commitments announced in the March 2016 budget for major infrastructure projects (High Speed 3, Crossrail 2, school academies, flood defence works, etc.) should continue to strengthen the demand from the infrastructure construction sector. The Chancellor, George Osborne, also laid out £4bn of spending cuts and extended the extra stamp duty rate to the large ‘buy-to-let’ investors.

A copy of the full report can be found by clicking here.

 

Calgary Cancer Centre mandate asserts WT Partnership’s presence in Canada

New Cost Consulting Mandate

June 1, 2016: Toronto, Canada

WT Partnership (“WTP”) is extremely proud to announce our appointment as the Owner’s Cost Consultant for the new design-build Calgary Cancer Project (CCP) in Alberta, with services extending through to 2024.

The new Calgary Cancer Centre is a priority project for the Alberta Government to deliver a first-class health care facility and academic hub for the provision of cancer services in Southern Alberta, which will increase cancer care capacity in Calgary by consolidating and expanding upon existing services in the greater Calgary area to support integrated and comprehensive cancer care.

The project will integrate new expanded cancer care with current key programs and services at the Foothills Medical Centre (FMC). The total project program is planned to accommodate a new, comprehensive cancer centre facility targeting LEED Silver certification with a gross building area of approximately 109,000 square metres (over 1 million square feet).

Philip Nixon, Director of WT Partnership and a Professional Quantity Surveyor stated

“WTP has a fantastic record in the healthcare space internationally.  We are pleased to have brought local expertise and international perspective to the province, and look forward to successfully delivering this key social infrastructure project.”

This is not WTP’s first foray into purpose built Cancer Centres, having recently completed a similar cost consulting mandate for the New Victorian Comprehensive Cancer Centre (VCCC) P3 project in Melbourne, Australia developed by Plenary Group and constructed by a joint venture partnership of Grocon and PCL. The $1 Billion (AUD), 120,000 square metre, 13-storey, and state of the art building creates purpose-built facility that brings together the world’s best researchers and clinicians and scientists to accelerate advances in cancer research, care and education.

https://www.victorianccc.org.au/

http://www.vcccproject.vic.gov.au/Videos

About WT Partnership

WT Partnership (“WTP”) is an award winning international practice of property, project and cost management consultants in building construction, infrastructure and management of facilities. Expanded in 2015 by members of the WT Partnership global business, the North American business is focused on bringing globally insightful project advisory to the US and Canadian markets. Their approach is about providing sound advice at all stages of asset development, not just cost estimating services.

WTP has successfully supported clients through each phase of the major project development lifecycle. From developing the commercial foundations of a robust and bankable bid, through management of construction, operational commencement and even asset disposal, their highly experienced team comprehensively guide clients to their best commercial outcome.

They provide consultancy services on a wide range of commissions for public and private sector clients worldwide, drawing on the resources of over 1,300 staff operating from offices throughout the United Kingdom, Europe, Asia, India, North America, Australia and the Pacific. The company’s website is http://www.wtpartnership.com/

Media Contact:

news@wtpnorthamerica.com

 

WT Partnership at HefmA, Telford International Centre – 19th & 20th May 2016

WT Partnership Directors Ian Rhodes and Geoff Driver supported by Project Manager Nick Edis will be exhibiting at the HefmA (Health Estates & Facilities Management Association) Conference in Telford International Centre on the 19th & 20th May. Please pop along to Stand No 41 to say hello.

WT Partnership is one of the leading consultancies within the healthcare sector, providing healthcare consultancy services for over 30 years. The healthcare sector is the largest of WT Partnership’s UK sectors accounting for 22% of our annual turnover.

Over 90% of our NHS commission continue to come from repeat business. These long term relationships are extremely important to us and this is reflected by the number of NHS frameworks which we are currently on.

WT Partnership is structured to deliver an industry leading, quality and professional service tailored to each individual project. We have dedicated teams (including those from a clinical and non – clinical background) working exclusively on healthcare schemes and are able to provide experienced resources from within these teams.

As a matter of company policy, all Directors remain actively involved in the technical running of projects. This active Director involvement at every stage of each project is central to what makes us different, ensuring our excellence of know how is rigorously applied, and that clients can be confident that they receive the highest priority.

Dr. Alexia Nalewaik appointed as Vice President – Major Projects and Program Management

Los Angeles, CA, April 25, 2016

WT Partnership (“WTP”) today announced the promotion of Dr. Alexia Nalewaik to Vice President – Major Projects and Program Management. As part of the senior leadership team for North America, she will have responsibility for leadership and growth of WTP’s Major Capital Programs and Project Controls capability in the region.

Nalewaik is WTP’s latest high-profile addition in recent months, arriving at an opportune time. WTP entered the North American market in 2015, appointing leaders in Toronto, Vancouver and Los Angeles.  Having secured a significant future workload in less than a year, Nalewaik’s appointment sees WTP expanding its offering to mirror the business’ international focus on cost consulting, project delivery, and asset management.

Adam Shaw, Senior Vice President stated “Alexia’s latest assignment comes at a juncture where we are experiencing exponential growth in our secured work and international enquiries.  To meet demand, our future relies on investing in subject matter experts and leaders like Alexia.”

With twenty-five years of management consulting and hands-on capital project experience, Alexia brings deep capabilities in governance, cost engineering, risk management, and project performance. Prior to joining WT Partnership, Nalewaik founded QS Requin Corporation, delivering audit, project controls, and owner’s representative services. She began her career as an estimator at KTI Corporation; previous employers also include Deloitte & Touche LLP, and Faithful + Gould.

Dr. Nalewaik has a bachelor’s degree in physics from the University of Dallas, a master’s degree in civil engineering from the University of Southern California, and a PhD in strategy, project, and program management from SKEMA (France). She is an active leader in the professional community, and a fellow of AACE International, RICS, and ICEC. Currently the Chair of the International Cost Engineering Council, Alexia has also served on the boards of AACE International, the Royal Institution of Chartered Surveyors, and the American Society of Civil Engineers.

About WTP:

WT Partnership (“WTP”) is an award winning international practice of property, project and cost management consultants in building construction, infrastructure and management of facilities. Expanded in 2015 by members of the WT Partnership global business, the North American business is focused on bringing globally insightful project advisory to the US and Canadian markets. Their approach is about providing sound advice at all stages of asset development, not just cost estimating services.

WTP has successfully supported clients through each phase of the major project development lifecycle. From developing the commercial foundations of a robust and bankable bid, through management of construction, operational commencement and even asset disposal, their highly experienced team comprehensively guide clients to their best commercial outcome.

They provide consultancy services on a wide range of commissions for public and private sector clients worldwide, drawing on the resources of over 1,300 staff operating from offices throughout the United Kingdom, Europe, Asia, India, North America, Australia and the Pacific. The company’s website is http://www.wtpartnership.com/

Media Contact:

la@wtpnorthamerica.com