December 10, 2018

Property professionals see former retail premises as biggest untapped resource for new residential housing in UK, MRI research reveals

Two-thirds (66%) of property professionals in the UK believe former retail premises could be the biggest untapped resource for new residential development, according to a survey by MRI Software, a global leader in real estate software solutions. Nearly three-quarters (72%) of those surveyed see residential redevelopment of sites previously used by

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Covers Bognor Regis to support Pagham Pram Race for third year

The Bognor Regis branch of Covers Timber and Builders Merchants will be supporting the Pagham Pram Race 2018 as a corporate sponsor for a third consecutive year. Pagham’s traditional Boxing Day pram push – the oldest in the world – spans back more than 70 years and regularly welcomes visitors

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Property Prices Near Football Stadiums

Pure Commercial Finance, the Cardiff-based commercial finance brokers, carried out a research to reveal whether purchasing property near a football stadium is a worthy investment. The research found that homes near football stadiums are experiencing property price increases considerably higher than the UK average. The brokerage’s campaign combines Land Registry data and

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JOULES’ NEW HEAD OFFICE DEVELOPMENT OBTAINS PLANNING PERMISSION

Leading design agency and architectural practice, Edge Architecture + Design (‘Edge’) is delighted to announce that its exciting redevelopment plans for the British lifestyle brand, Joules, new head office were this week granted planning permission by Harborough District Council. The development will allow the brand to create a new head

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Issue 322 : Nov 2024

December 10, 2018

Property professionals see former retail premises as biggest untapped resource for new residential housing in UK, MRI research reveals

Two-thirds (66%) of property professionals in the UK believe former retail premises could be the biggest untapped resource for new residential development, according to a survey by MRI Software, a global leader in real estate software solutions. Nearly three-quarters (72%) of those surveyed see residential redevelopment of sites previously used by retailers giving the British High Street a new lease of life, the research report, Charting UK Property Trends, shows. The research also reveals that three-quarters (76%) of the industry experts MRI canvassed think Brexit will not seriously hamper the ability of the UK property sector to get the funding it needs to develop properties – including 94% of the property investors, owners and developers. Over three-quarters (77%) of respondents also see demand for residential rentals in the UK accelerating, driven by the continued high cost of buying a home. “Charting UK Property Trends provides a comprehensive inside view of the challenges property players face today and where the opportunities lie,” says Dermot Briody, Executive Managing Director, Europe at MRI Software.  “The research shows we will see a far greater number of people living in town centres, which will give a boost to retailers on the High Street while feeding other businesses such as gyms and entertainment venues.” The survey took the responses of 144 senior property experts from a range of organisations, including investors/owners/developers, consultants, contractors, property managers, sales and lettings agents, service providers, and business occupiers. “The vast majority of industry players we surveyed were bullish on the outlook for the sector,” Briody notes. “Even where Brexit is concerned, the positive outweighed the negative, as two-thirds maintain that even a Hard Brexit won’t hurt their ability to get funding for property development.” Other findings in the survey of property professionals include: Eight in ten (82%) say ‘Generation Rent’ – young adults unable to purchase a home due to high housing prices – is here to stay, with little likelihood buying conditions will improve The same proportion (82%) say Generation Rent is renting for longer, driving demand for higher quality properties Nine in ten (90%) see rentals becoming more important to the UK residential market over next 12-18 months Four out of five (81%) say co-working / shared office spaces such as WeWork are likely to be users of former retail premises in UK town and city centers Three quarters (75%) say their organisation struggles to turn the data it holds into actionable insight but needs to be able to do so Over half (54%) say connecting up or linking applications, processes and data within their company is difficult and want an easier way to do it The online survey took place in October and November. To download a copy, click here.   About MRI Software MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses – from property-level management and accounting to investment modelling and analytics for the global commercial and residential markets. A pioneer of the real estate software industry, MRI develops lasting client relationships based on nearly five decades of expertise and insight. Through leading solutions and a rich partner ecosystem, MRI liberates real estate companies to elevate their business and gain a competitive edge. For more information, please visit mrisoftware.com.

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A stunning private garden in the Chilterns wins Grand Award for Bowles & Wyer

Friday (7 December) at the 42nd BALI National Landscape Awards, BALI Registered Contractor Bowles & Wyer received the coveted Grand Award for a Private Residence in the Chilterns, the stunning implementation of a garden design by BALI Registered Designer Gavin McWilliam and Andrew Wilson. A BALI member since 1993 and winner of numerous BALI Awards, including the Grand Award and the Design & Build Award in 2010, Bowles & Wyer impressed the BALI Adjudication Panel with this year’s scheme. The BALI National Landscape Awards, with headline sponsor Green-tech, are held annually at London’s Grosvenor House on Park Lane and are the largest landscape Awards in Europe. They recognise excellence in landscape design, construction and maintenance, and in Affiliate customer service, achieved by Registered members of the British Association of Landscape Industries. 127 entries were judged this year and 101 National Awards made. The Awards ceremony was hosted by popular sports journalist and breakfast TV presenter Dan Walker, who addressed the record-breaking audience of over 1000 BALI members and guests during the luncheon and joined Awards sponsors on stage to present the 29 Principal and 3 Special Awards. The presentation of the Grand Award to Bowles & Wyer’s Managing Director Dan Riddleston was made by headline sponsor Green-tech’s Sales Director, Richard Gill. VIP guests this year included Sue Biggs CBE, Director General of the Royal Horticultural Society; Adam White, President and Daniel Cook, Chief Executive of the Landscape Institute; Sarah Morgan, Chair of the Society of Garden Designers; Matthew Bradbury, Chair of The Parks Alliance; and Rod Winrow, Chairman of the Association of Professional Landscapers. Bowles & Wyer, which is based in Bedfordshire, received the Grand Award – BALI’s highest accolade – at this year’s ceremony for their landscaping of a Private Residence in the Chilterns. The BALI Awards adjudication panel highlighted the sheer scale of the project, from the initial major earthworks and installation of attenuation draining to the outstanding hard paving and construction of multiple walls and terraces. The stunning planting schemes in a series of garden rooms had, said the judges, “also benefitted from the expert horticultural hands of the contractor”, making it a worthy recipient of the Grand Award. Bowles & Wyer is no stranger to BALI Awards success and has a long track record of delivering exceptional schemes, in both the domestic and commercial markets. Commenting on the company’s achievement, outgoing chair of the adjudication panel Greg Allen said: “It is wonderful to see a private garden scheme winning the Grand Award. The complexity and challenges of this project belie what is a simply beautiful and tranquil space. Designed to create a series of garden rooms, each with their own ambience and interest, this scheme is proof that however good a design may be it relies entirely for its truthful implementation on the skill and expertise of the contractor. Bowles & Wyer has demonstrated its professional excellence across the board and the judges’ decision to recognise the company’s achievements was unanimous.”  A full list of award-winners and a description of the winning schemes is available on BALI’s website here. Benefitting from a collection at the event, this year’s chosen charities were Greenfingers Charity, which creates beautiful outdoor spaces in hospices for children with life-limiting illnesses and their families, and the BALI Chalk Fund, which supports education and training in the landscape sector, including the BALI GoLandscape careers outreach initiative. The total amount raised was £5,353.  

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Covers Bognor Regis to support Pagham Pram Race for third year

The Bognor Regis branch of Covers Timber and Builders Merchants will be supporting the Pagham Pram Race 2018 as a corporate sponsor for a third consecutive year. Pagham’s traditional Boxing Day pram push – the oldest in the world – spans back more than 70 years and regularly welcomes visitors from all over the world in an effort to raise funds for local causes. The three-mile route, which sees teams in fancy dress pushing decorated prams around a race course, starts at the Mill on Pagham Road and finishes at The Lamb pub car park, passing other local pubs along the way. Paul Allwright, who is Depot Manager at Covers Bognor Regis, said: “The Pagham Pram Race is a real highlight of the festive season. We are delighted to be part of this much-loved event and we can’t wait to see all the fun, novel and creative entries from the competitors.” Andrew Goodwill, who is the Treasurer of the Pagham Pram Race, added: “We would like to thank Covers for their continued support and look forward to welcoming as many people as possible to another successful Pagham Pram Race in 2018.” The Pagham Pram Race takes place at 11am on Boxing Day. Full details about the event, including how to take part, are available at www.paghamprace.com.

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Property Prices Near Football Stadiums

Pure Commercial Finance, the Cardiff-based commercial finance brokers, carried out a research to reveal whether purchasing property near a football stadium is a worthy investment. The research found that homes near football stadiums are experiencing property price increases considerably higher than the UK average. The brokerage’s campaign combines Land Registry data and previous reports by mortgage lenders to highlight previous property surges near new English sports stadiums such as The Emirates Stadium and the Etihad Stadium. It also predicts areas which will likely see an increase as the result of future redevelopment. “The statistics are compelling, it’s great to see that as a result of the development of new football grounds its proven to not only stimulate local infrastructure investment, regenerate tired or unused areas of the cities but to create an unprecedented rise in house prices in the immediate area of redevelopment,” said Ben Lloyd, Managing Director and Co-Founder of Pure Commercial Finance. If the same average growth is seen in the next two decades as that seen in 1997 to 2017, investors can expect an average 450% increase in property prices for buildings near Premier League stadiums, according to the research. Saying that, developments coming out of Millwall FC are definitely worth keeping an eye on. The New Den, which is Millwall’s current stadium, opened in 1993 just a few miles from London’s financial centre. In August 2018, it was reported that the club had appointed architects to draw up plans for its community programme, which involves pre-planning what the club requires in order to meet Premier League requirements. The average property price in nearby postcodes is around £505,000 – up more than 33% in the last five years, and 292% in the last two decades – and, if the club is redeveloped, this could see local property prices positively affected. Research has also revealed that investing in property surrounding West Ham, Fulham and Arsenal’s stadiums could achieve healthy returns on investment. Whereas property with the highest price per square metre can be found near stadiums belonging to Chelsea, Fulham, and Arsenal. One of the biggest increases in past property prices could be seen surrounding Tottenham Hotspur’s stadium in North London. The average home value in the postal district surrounding Spurs’ stadium rose more than seven and a half times in the two decades between 1997 and 2017 from £59,638 to £450,104. Zoopla states the current average price around White Hart Lane is just under £460,000.

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LISTED MASONIC LODGE BUILDING RESTORED TO FORMER GLORY FOR DISHOOM MANCHESTER

MACAULAY SINCLAIR has transformed part of a Grade II listed lodge building into Indian café brand Dishoom’s seventh restaurant and bar in Bridge Street in Manchester. After three and a half years of planning, Dishoom Manchester opened on 6 December 2018 within Beaux-Arts-style building Manchester Hall, thanks to interior architecture and design studio Macaulay Sinclair, which specialises in creating exceptional spaces for the hospitality sector and has a longstanding relationship with Dishoom’s co-founders. John Macaulay, co-director of Nottingham-based Macaulay Sinclair said: “Helping to bring Dishoom to Manchester was really exciting for us, particularly as this is the first Dishoom outside of a UK capital city. “Each Dishoom restaurant pays homage to the Irani cafés of Bombay, and each is inspired by a historical time period and narrative that we bring to life through our design. Dishoom Manchester is influenced by the freemasonry of Bombay, so we specifically visited and researched Bombay’s freemasons’ hall from 1899 and the Theosophical Society of Bombay. The symbolism and paraphernalia of freemasonry have been woven into the details, as well as using a colour palette inspired by the iconic Irani café Britannia & Co in the Ballard Estate area.” Shamil Thakrar, co-founder of Dishoom said: “Macaulay Sinclair has been instrumental in helping us to really understand how Dishoom should express itself in a physical environment. They design spaces in completely different design languages and time periods which could only be Dishoom restaurants. They’ve been completely key in our evolution as a business.” The 230-cover restaurant and bar has a familiar aesthetic in part to other Dishoom restaurants, with frequent references to the Irani cafés of Bombay, as well as antique furniture sourced from India such as a unique and original teak in/out board from a Bombay hospital. John added: “We retained the original fabric of the building to restore the grand, civic aesthetic, which has hints of academic classicism. Luckily we were able to retain many of the beautiful existing finishes, including the majority of parquet and marble floor.” The Bro. Cursetjee Dining Hall, a ballroom and banqueting suite formerly known as The Derby Room, is a grand, symmetrical space with a striking, parabolic dome. The design team added a free-standing hardwood and glass pavilion-like structure to break down the imposing volume of the room to create a more intimate, controllable space.   Nine portraits of former Grand Masters of the Bombay freemasons’ hall were commissioned to hang on plinths in the dining room, which is complete with grand proportions and high ceilings. The creative team at Dishoom author a story for each new location and Macaulay Sinclair develops an aesthetic narrative around it. Dishoom Manchester explores the unexpected links between Manchester, Bombay and freemasonry. To read the Dishoom Manchester story head to the Dishoom website. For more information about Macaulay Sinclair visit www.macaulaysinclair.com

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JOULES’ NEW HEAD OFFICE DEVELOPMENT OBTAINS PLANNING PERMISSION

Leading design agency and architectural practice, Edge Architecture + Design (‘Edge’) is delighted to announce that its exciting redevelopment plans for the British lifestyle brand, Joules, new head office were this week granted planning permission by Harborough District Council. The development will allow the brand to create a new head office in its home town of Market Harborough, where the brand was established nearly 30 years ago. Edge’s plans will see Joules move to a new 60,000 sq. ft. facility bringing the brands UK-based head office teams under one roof for the first time. Amplifying the brand’s heritage and distinctive features and reflecting the site’s semi-rural setting, the new building will resemble a series of interconnecting barn structures that will appear to have evolved over time. The complex will be surrounded by landscaping including wildflower meadows and a kitchen garden, with a split-level car park providing space for 180 cars. Michael Fern, Principal at Edge, commented, “Following a competitive pitch presentation, we were commissioned by Joules to create a new collaborative and engaging environment which embodies Joules’ brand, using our holistic approach.  We have been able to bring our connected thinking and design, which spans workplace strategy, change management and 2D/3D design, to do this.  We look forward to working with the Joules team to create an inspiring open-plan office environment that is sensitive to the original form of the building and the surrounding architecture.” Tom Joule, Founder and Chief Brand Officer of Joules, commented: “Today’s grant of planning permission is great news for our brand, our team and the local community.  We’re delighted to be working with Edge on this hugely exciting project in our home town; Market Harborough represents a key ingredient in our brand’s heritage and unique personality.  We’re confident that our new head office will help preserve and strengthen our special culture and allow us to continue to attract and retain world-class talent, whilst supporting the future growth of our business.”

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The Three Biggest Challenges the Construction Industry Faces in 2019

2018 was quite a year for the construction industry. Not only has it seen an explosion of new technology across surveying, engineering, and environmental consideration, but some of the most severe changes in the laws and policies that dictate how the industry functions. As the world changes, and more people are turning a critical eye to the construction industry, new challenges and problems are arising, that everyone from business owners to carpenters, cannot afford to ignore. As the rate at which new construction projects launch rises in direct correlation with an influx of new challenges, now, more than ever, owners, foremans, and workers across the spectrum are not only going to have to be better informed, but more adaptable, if they want to survive. The ability to not only solve today’s problems, but forecast what’s coming down the road, will play just as much a role in survivability as the foundation does in making a structure that lasts through the ages. A Reduced Workforce This is the big one that is going to kill the industry quicker than anything else. In the United States alone, there are over 250,000 open and unfilled construction positions, ranging anywhere from carpenters to project supervisors. It doesn’t help that there is a growing deficit in not only the number of people pursuing construction positions, but are also qualified to do so. Mike Rowe, the host of the popular American TV show “Dirty Jobs,” and all-round average bloke, has been harping on this for years. The trades are not prioritized in schools anymore, so potential future builders are turned off from the industry before they even graduate. To combat this, the industry is going to need to do several things: ●     Educate the KS4 and KS5 Students If the Department of Education won’t, construction professionals will have to take matters into their own hands. They’ve got to start partnering with local and prominent schools through the country, and educate young people on the marketability and benefits of the construction industry. They’ve been told that computers are the future, and that may very well be – but computers have to sit in a building somewhere too, and someone has to build them. ●     Take Better Care of Employees Construction is a very come and go industry, and it always has been. It’s not unusual at all to put together a crew for a contract, complete the job, and then move on to a new project, with an entirely different team. The reality is that costs won’t allow most firms to bring full-time benefits to part-time employees, but for the ones who turn up, job after job, week after week, you’d be best served by treating them like royalty. That means regular raises, promotions, comprehensive healthcare, and retirement benefits. Once they’re gone, they’re probably not coming back, and they’re taking their experience with them. Stricter Laws and Working Conditions For better or worse, the construction industry just can’t operate the way it did even just 20 years ago. I don’t believe for a second that the foremans and project leads of yesteryear meant to harm anyone, not even for one moment, but the reality is that we haven’t always done the best job ensuring that job sites were safe and efficient for protecting people, or creating a structurally sound building. That’s caught up with us in the last few decades, and it’s not going to get any easier. If the industry is to survive, leaders and owners at all levels are going to have to know the law, know the issues impacting changes to the law, and structure their own procedures around safety, even at the cost of speed. Not only that, but firms find themselves under increasing scrutiny to complete jobs to the exact outline of the contract. Gone are the days when you could take an extra six months, or jump to a cheaper steel, just to get a job done. Now, for firms that fall behind schedule, or don’t deliver on their promises, there’s a growing list of failed businesses that they’re being added to. Developments in Technology Though this also presents a great opportunity for the industry, it could potentially be a massive setback, for those who don’t learn, adapt to, and integrate these technological shifts quickly. Advancements in everything from project management software, to drones used to survey sites and calculate measurements, have left many in the industry scratching their heads, and wondering just what in the world they’re supposed do with all this technology. The answer is simple – get it, and put it to work. You may be one of those old breed construction types who got his start hammering nails in someone’s house, and believes that no fancy computer program can replace human smarts, drive, and experience. I wholeheartedly agree with you, but if you give these advancements to a worker who has all three characteristics, and put him up against a man with only paper blueprints and hand tools, the tech guy will win out every time.

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