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January 10, 2022

St Francis and ALMCOR announce sale of 80 acres of land at prime logistics development site in Derbyshire to BentallGreenOak and Equation Properties

Development land is situated within its Horizon 29 scheme which extends to 140 acres in total capable of accommodating 1.4M sq ft of prime warehouse and logistics space. ALMCOR and St. Francis Group sell 80 acres of Logistics Development Land at Horizon 29, North Derbyshire, to BentallGreenOak and Equation Properties

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FutureX: A future yet to be determined

A call to action for all pioneers and disruptors The term sustainable development was first coined in Our Common Future, also known as the Brundtland Report, published by the United Nations in 1987. The report defined the term as ‘the ability to meet the needs of all people in the

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New Year sees new building of retirement village

Construction will soon begin on a new Retirement Village development on Roman Road on the outskirts of Hereford.  The site in Holmer will provide 80 one and two-bedroom apartments for affordable rent and is being brought to the city by Vistry Partnerships and Platform Housing Group.  Platform, who run a similar development at Harling Court in

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Influential electrical body SELECT welcomes 8 industry organisations into the fold as founder members of new Associate Membership scheme

Influential electrical body SELECT has launched a new Associate Membership scheme that will give manufacturers and service providers the chance to become part of Scotland’s largest construction trade association. Eight leading industry organisations have already signed up as founder members of the new scheme rolled out by the campaigning trade

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BDC 318 : Jul 2024

January 10, 2022

St Francis and ALMCOR announce sale of 80 acres of land at prime logistics development site in Derbyshire to BentallGreenOak and Equation Properties

Development land is situated within its Horizon 29 scheme which extends to 140 acres in total capable of accommodating 1.4M sq ft of prime warehouse and logistics space. ALMCOR and St. Francis Group sell 80 acres of Logistics Development Land at Horizon 29, North Derbyshire, to BentallGreenOak and Equation Properties Bolsover Land Limited (‘BLL’), a joint venture between ALMCOR (formally known as iSec) and St. Francis Group, has sold over 80 acres at its 1.4 million sq. ft. Horizon 29 warehouse and logistics development to BentallGreenOak (‘BGO’) and their development partner, Equation Properties for £39.9 million. BGO and Equation will develop up to 1.2 million sq. ft. at Horizon 29 across the 140-acre strategic brownfield site located adjacent to Junction 29A of the M1 and Markham Vale. Horizon 29, formerly the Coalite works, was acquired by BLL in 2012.  The site has been remediated and core infrastructure constructed to allow for development to further consolidate Horizon 29 as one of the East Midlands’ premier industrial and logistics location. BLL retains over 33 acres for further development which will be brought forward alongside the BGO development. Rupert Wood, Head of Strategic Land at ALMCOR, said: “This is an excellent deal for the JV having bought the site in 2012.  It will drive forward the delivery of Horizon 29 while allowing ALMCOR to release capital to recycle it into other substantial projects that we are bringing forward, such as Thames Enterprise Park in Thurrock.  Working with our JV partner, St Francis Group, we have delivered a warehousing and logistics site into an increasingly constrained market at the right time demonstrating our credentials as strategic land specialists.” Gareth Williams, Development Director at St Francis Group, said: “This sale highlights the expertise within the Group and the wider Joint Venture to unlock technically challenging brownfield sites, and to complete significant highway and service infrastructure to create a development ready site capable of immediate development.  Having jointly invested significant funds to achieve this in time to capitalise on rising demand for serviced land, we are delighted to have completed this sale to BGO and to have secured a programme of speculative development at Horizon29.”  Gareth Purcell, Managing Director at BentallGreenOak, said: “We are delighted to have closed on the acquisition.  The first phases of the site already benefit from Reserved Matters planning consent and we will be commencing speculative development works on site during Q2 with the first units completing by year-end.  This deal, which completed on Christmas Eve, closes out a very busy year for BGO’s UK logistics platform, with us having acquired land to deliver c. 5m sq.ft. of new logistics space with our partners at Equation Properties in addition to a further 3.7m sq.ft. of standing assets across a total of 12 separate transactions.” BLL was advised by JLL and Clyde & Co and BGO and Equation were advised by Burbage Realty and Taylor Wessing. For further information on the development visit: www.horizon29.com

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Winvic Wins Contract to Deliver Two Industrial Warehouses for Clowes Developments

Winvic Construction Ltd, a leading main contractor that specialises in the design and delivery of multi-sector construction and civil engineering projects has broken ground at Castlewood Business Park where the firm has been contracted by repeat client Clowes Developments to construct two industrial warehouses concurrently for NFU Mutual. Both facilities will be completed within a short timescale with handover scheduled for July 2022.  Over 1.5 million sq ft of distribution and manufacturing space is already occupied at the site – located at Sutton-in-Ashfield, close to junction 28 of the M1 at Nottingham – by household names such as Co-op, Parker Knoll and Bombardier. This next development phase that Winvic is delivering comprises two speculatively built modern warehouses. Plot 1 is 158,500 sq ft and 15m high with 18 docks and four level access doors; 10,300 sq ft of office space over two-storeys will be created inside the facility and a 2,700 sq ft external hub office will also be constructed. Plot 8 is 126,500 sq ft and 12.5m high with 12 docks, four level access doors and 7,700 sq ft office space, also over two-storeys. Winvic will begin by undertaking cut, fill and compaction works to create the plateaux before completing the foundations. The steel frame installation will begin before the end of January and cladding during February. External site works include all drainage and service installation, hardstandings, landscaping and parking for cars and HGVs.  Winvic is also constructing two industrial units in Corby for Clowes Developments and is delivering the first phase of groundworks, highways and utility infrastructure works at Fairham, a new £800 million sustainable neighbourhood in Nottingham, which Clowes is delivering in partnership with Homes England. Visit https://fairhamlife.co.uk/vision/ to see the latest 360 aerial progress on site. Winvic Construction Director, Ben Shearman, said: “Winvic has been working with Clowes Developments for some time now on both industrial, and civils and infrastructure schemes including a new purpose-built facility for Deichmann-Shoes in Corby. We’re delighted they have appointed Winvic for the fourth time this year to construct this modern speculative unit at Castlewood Business Park. Our experienced team is looking forward to hitting the ground running in January and delivering the scheme safely and rapidly within a seven-month period.”  James Richards, Clowes Developments, said: “We are delighted to work with Winvic on this project. We have a small network of reliable and hardworking suppliers who achieve the high standards we aspire to across our ever growing portfolio, not just in the end product but also throughout the delivery process. Castlewood is now almost completely built out and we are very happy to see these two plots being developed as part of NFU Mutual’s property stock.” For more information on Winvic, the company’s latest project news and job vacancies please visit www.winvic.co.uk. Join Winvic on social media – visit Twitter @WinvicLtd – and LinkedIn.  

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FutureX: A future yet to be determined

A call to action for all pioneers and disruptors The term sustainable development was first coined in Our Common Future, also known as the Brundtland Report, published by the United Nations in 1987. The report defined the term as ‘the ability to meet the needs of all people in the present without compromising the ability of future generations to meet their own’. Over 30 years later, sustainability is a critical issue that we are still grappling with. So, what’s different this time? Who can we learn from? And what kind of future do we want to shape? Here Martin Hurn, event director at net zero pioneer Futurebuild joins Oliver Jones, research director at international design practice Ryder Architecture to discuss the challenge and the ambitious plans to address it. The built environment industry has talked about sustainability for decades, yet in reality, progress has been slow. “The cold hard truth of the matter is that efforts for our industry to become more sustainable generally failed because sustainability was a choice,” explained Jones. “Our net zero targets are now written in law, they are an obligation and the effects of not acting are becoming more evident as each day passes.”  The UK Government’s ambitious goal for net zero by 2050 means that our industry is legally obliged to eliminate emissions, creating not only a driver to change the industry, but also an economic impetus. “Claims are coming thick and fast from many businesses that they have already delivered net zero,” continued Jones. “But the holy grail, truly net zero buildings that don’t rely on offsets are scarce — to my knowledge we are yet to realise a truly net zero building without relying heavily on offsets. Worse still, we are starting to see some wild claims and corporate chicanery when it comes to net zero claims”. “In order to deliver on net zero and accelerate our progress our industry must take action to transform itself, focus on sharing knowledge, learning from one another but most importantly learning from other sectors who are facing the same challenges. An overly competitive mindset will stifle progress and innovation, it’s time for cross sector collaboration to take centre stage”. More than net zero Its relatively simple to produce a highly insulated building to reduce operational energy, but it becomes much more complex when we factor in reducing embodied carbon and creating high quality environments that promote health and wellbeing. In taking a whole life approach to net zero we are depending on developing sustainable advanced materials and designing for disassembly and reuse to also become commonplace. “We’re at a crossroads between three competing disruptors to our sector, technology (both digital and manufacturing in the form of modern methods of construction), the climate emergency and a renewed focus on public health,” argued Jones. “We cannot focus on one challenge — sustainability in its truest sense is about more than just net zero. It requires a well-defined, holistic approach; digital technologies to monitor and measure performance and progress and an emphasis on delivering high quality environments that promote health and wellbeing of building occupants. Net zero is really just one part of the puzzle — we need a much more holistic approach to sustainability.” Instead of focusing solely on net zero, our industry must consider how it can deliver high quality environments that embrace technology to reduce carbon emissions, optimise building performance and improve occupant health. A force for change We have a definitive deadline to meet net zero targets, so the industry must now move away from tinkering with and redefining definitions and focus on the practicalities of delivering net zero, sharing lessons learnt and delivering an actionable strategy. Cop26 was a welcome line in the sand to set out the actions that the industry must take. “We know that designing net zero buildings is possible without offsets,” continued Jones. “Let’s begin to put this into practice. It will involve better alignment of the supply chain, standards, guidance and funding. But the key to this for me, is research led design that embraces advanced materials and the latest innovations while working hand in hand with material testing and certification that can inform developing standards to get advanced material innovations safely on site and into our buildings faster. This requires a much more integrated supply chain. To me, addressing these key challenges for the future begins with identifying the players in the market, mapping that supply chain and innovation ecosystem to help us better share knowledge and collaborate. “I have seen people start with what they think is the solution time and time again, focusing on a particular renewable energy strategy or extolling the superiority of one type of MMC over another. In reality it is the supply chain that is often overlooked when creating strategies and roadmaps to sustainability. Supply chains massively impact our efforts and ability to deliver net zero buildings. You can design the greatest solution in the world, but if you do not understand the limitations of the local supply chain, deliverability will be impacted, which impacts tight programmes and leads to reactive behaviours. Proposed solutions become open for interpretation or worse still, an inevitable victim of value engineering. We must embrace innovative supply chain partners and work closely with them to develop more value focussed integrated supply chains,” continued Jones. Collaborative mindset A recurring challenge is that the construction industry operates in silos. However, it is encouraging that the climate emergency has galvanised so many likeminded businesses and great thinkers. It is a global challenge that affects every sector, and we are beginning to realise the massive opportunities that exist if we start to look outside of our own industry and across other sectors to share knowledge and transfer innovative approaches. As a sector we are not where we need to be yet. We can’t rely on the same old players, employing the same old methods with a green veneer to deliver net zero buildings. Things need drastically shaking up and

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New Year sees new building of retirement village

Construction will soon begin on a new Retirement Village development on Roman Road on the outskirts of Hereford.  The site in Holmer will provide 80 one and two-bedroom apartments for affordable rent and is being brought to the city by Vistry Partnerships and Platform Housing Group.  Platform, who run a similar development at Harling Court in Ledbury, will also provide onsite care and support services plus various communal facilities for the residents.  Darren Beale, Regional Managing Director at Vistry Partnerships West Midlands said, “We have extensive experience designing and constructing extra care schemes and we’re very pleased to be working in partnership again with Platform Housing. As one of the country’s leading regeneration specialists we recognise the need to support our partners to build homes across all tenures, particularly homes and care services for older people.” Steve Eaves, Director of Regeneration at Platform Housing said,  “This is a fantastic partnership that will provide much needed older persons housing in a very popular and strategically important area for our partners at Herefordshire Council. We are also very much looking forward to working with Vistry again. They have a great track record of successfully delivering large schemes with Platform.“ Cllr Ange Tyler, Cabinet member for Housing, regulatory services, and community safety, said: “Providing affordable housing is a key issue for Local Authorities across Britain, and Herefordshire is no different. One of our key priorities is to deliver safe, comfortable and affordable housing, particularly for vulnerable people. We are therefore delighted to be working in partnership with Vistry Partnerships and Platform Housing Group on this project, and look forward to the new Retirement Village taking shape.”  Some £19m is being spent on the project which is anticipated to begin in the spring.

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Influential electrical body SELECT welcomes 8 industry organisations into the fold as founder members of new Associate Membership scheme

Influential electrical body SELECT has launched a new Associate Membership scheme that will give manufacturers and service providers the chance to become part of Scotland’s largest construction trade association. Eight leading industry organisations have already signed up as founder members of the new scheme rolled out by the campaigning trade body for the electrical sector in Scotland. As well as offering Associate Members a wide range of benefits, the initiative will also allow them to build beneficial relationships with SELECT’s 1,260 member businesses, who between them have an annual turnover of around £1 billion. Iain Mason, Director of Membership & Communications at SELECT, said: “Associate Member schemes are frequently used by modern trade associations to help develop a mutually complementary network of industry-specific partners. “Designed to accommodate organisations who don’t meet the usual criteria of membership, our new scheme will give some of the industry’s biggest names the opportunity to ally themselves with an established and successful trade body. “At the same time it will allows us trade to build stronger relationships with organisations that can offer relevant and useful services to our members.” The eight founding members of the new SELECT scheme are: Aico – European market leader in home life safety Flexel – manufacturer of innovative electric heating systems and accessories Linian – innovative UK manufacturer of cable-fixing products Luceco Group – global manufacturer and distributor of high-quality electrical products Megger – industry leader in electrical test and measurement simPRO – leading job management software solution for service, project and maintenance contractors Tala Training – leading provider of health and safety training and consultancy services Thorn Lighting – internationally leading supplier of integral lighting solutions. Mr Mason said: “The response to our new category of membership has been extremely positive, with these leading enterprises enthusiastically signing up well before the official launch. “We are delighted that so many well-respected industry names have already joined us and we look forward to welcoming many more in the weeks and months to come.” The scheme, which was formally launched on January 1, is open to service providers, manufacturers and any other commercial organisations related to the electrical industry. They do not have to be UK-based and may have a European or international remit. Among the benefits are a prominent logo and biography on a dedicated section of the SELECT website, networking and promotional opportunities, the chance to host webinars and events and the ability to promote goods and services via a wide range of member communications.  Associate Members will also be eligible for preferential discounts on advertising, sponsorship and events, including the association’s popular Toolbox Talk roadshows, which are due to tour Scotland in May and June after a two-year absence. Mr Mason added: “SELECT has always been a strong advocate of collaboration and cooperation within the construction sector and we believe this new initiative will allow members and Associate Members alike to enhance and expand their networks to everyone’s benefit.” Founded in 1900, SELECT was first trade association in the world to serve the electrical industry and is today regarded as an exemplar in the construction sector, especially in the fields of training, technical skills and communications. It delivers a wide range of services to around 18,500 professionals and apprentices, trains more than 3,500 electricians each year, and is committed to regulation of the electrical industry for a safer Scotland.

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How To Tell The Difference Between Closed & Open Bridging Loans

A bridging loan could be the ideal solution when considering applying for short-term finance. But how do you know which type of bridging loan is the best option? Closed and open bridging loans are two of the most common types you can choose from. We explain how to tell the difference between the two. Reasons to choose a bridging loan A bridging loan is one way to bridge a short-term gap in your finances. Intended to be paid back over a shorter period of time than a standard loan, there are several reasons why bridging finance could be used, including: When applying for a bridging loan, two main types are available – closed and open. Here are the key differences between the two. Open Bridging Loan This is a loan which is open-ended, i.e., it has no set exit strategy or end date. However, most open bridge financing will typically clear within 12 months as a short-term loan. Closed Bridge Loans Unlike an open loan, a closed bridge arrangement will have a pre-agreed end date and an exit strategy that includes a clear repayment plan. Closed bridge loans are seen as more secure by lenders in terms of repayment. Open or closed bridge finance – which one to choose? The final bridge loan product you choose will be dependent on your circumstances and whether you have exchanged or completed on your current property or not. If you know you will have the finances to pay off the loan and can evidence it to your broker, you will be offered a closed bridge loan. They are also considered more secure by most lenders and can attract better interest rates. If you are still in the process of selling your property and have not yet had a firm offer or exchanged, then you can still apply for a bridge loan to buy a new property, but it will be open-ended. If you are in any doubt, a bridging loan specialist should be your first port of call before applying for bridging finance.

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