CRE MarketBeat’s Post

😊👷♀️🏗️ Exciting news this morning : Ratos consolidates construction operations in new company – Sentia 😊👷♀️🏗️ Sentia marks the creation of a leading Nordic construction group with a focus on projects with the public sector and major private sector customers. Sentia includes the subsidiaries HENT AS , with operations in Norway, and SSEA Group, with operations in Sweden. The consolidation will create better conditions for sharing expertise and collaborating on large, complex projects in Norway and Sweden, enabling the subsidiaries to develop and become more competitive. “Basically, the two companies have performed well and proved their strength, and now they will have an even better foundation. HENT and SSEA Group already collaborate, and we have seen clear synergies – not least in terms of sales. The consolidation is a natural next step to create an even stronger platform to drive growth, while maintaining good profitability. Together, the companies will have a greater impact on the Nordic construction market,” says Jonas Wiström, President and CEO of Ratos. “Both subsidiaries will become stronger by sharing their experience, particularly in project development and collaboration/partnering. We will have a larger network of customers, a broader market platform, a larger supplier network and greater flexibility in terms of expertise and resources. Sentia will prioritise responsible growth, with a focus on safety and sustainability,” says Jan K. Jahren, President and CEO of HENT and Sentia. “We share a corporate culture centered on being a team player, having short decision paths, engaging in continuous learning and having a strong desire to deliver results. The best testament to the value we can create together is the successful projects we have already collaborated on, such as Sara Kulturhus in Skellefteå, Kunskapsstaden in Kiruna and Ersta Hospital in Stockholm. All of these were large, complex projects and were handed over to very satisfied customers. Through Sentia, we will be able to deliver more successful projects and become more competitive in major tenders,” says Christian Wieland, CEO of SSEA Group and Vice President of Sentia. HENT and SSEA Group are continuing to operate under their own brands in Norway and Sweden, but as subsidiaries of Sentia. Jan Jahren remains the head of the subsidiary HENT and is also President and CEO of Sentia, while Christian Wieland is continuing to lead the subsidiary SSEA Group (including SSEA, Vestia Construction Group and KIRUNA MÅLBYGG AB) and serves as Vice President of Sentia. Feel free to look at the video below: Jonas Wiström, Jan Jahren and Christian Wieland interviewed by Josefine Uppling about what to expect. (Behind the camera: Peter Berglund) https://lnkd.in/dwvZBazc (Full press release in the comments)

In the bustling world of construction, where cranes dot the skyline and the hum of activity fills the air, there’s a palpable hush settling over New South Wales. It’s a silence that speaks volumes, echoing the concerns of many in the industry who are grappling with an unexpected downturn. Heritage Roofing Group, a stalwart in Australia’s construction sector, shares these worries as they witness the recent decline in building and construction activities during the first quarter of 2024. Heritage Roofing Group understands this role all too well. As a company deeply embedded in the fabric of Australia’s construction landscape, they’ve witnessed firsthand the ripple effects of this downturn. New leads have dwindled, with a staggering 90% decrease over the past six months compared to previous years. Click below for more details on this recent topic.. https://lnkd.in/gNfCETma

The second update from our site down in Burlington for Morgan Sindall Construction showcases how well the project is coming along and with a chat from Shaun going into what we’ve been up to and what’s left for the build. #SDMFabricationlimited #steelframe #steelbuildings #commercialbuilding #commercialbuildings #commercialconstruction #construction #steelfabrication #steelframebuilding #steelwork #steelstructure #commercialstructure #industrialunit

keeping individuals safe from construction sites(hoard-it.co.uk)keeping construction workers safe(Trades)Contact the below!!to keep you safe at height::Easi-Edge Ltd.Sister company. tharris@hoard-it.co.uk

Choosing the right construction company is crucial for your project's success! 🛠️ Discover the top qualities that set the best LA construction companies apart and see why Milidaro fits the bill. #ConstructionQuality #LAConstruction #Milidaro

Construction News: Leeds-based GMI Construction Group pushed gross profits up to £1.04m last year on turnover down 30% to £232.3m. http://dlvr.it/THby4c

Our #EBI Construction Activity Report Hungary Q1 2024 is out. Read this piece of news about what we have found.

"Exciting update from Cals Construction! Our over cladding and construction work is progressing beautifully. Stay tuned for more updates on our latest projects! #CalsConstruction #Progress #ConstructionWork"

As we approach 2025, construction companies face unique opportunities and challenges in navigating today’s dynamic economy. Here are three strategies that we think are important for construction companies to consider in the next year.