October 20, 2022

Continued progress delivering ESG strategy across all Tritax funds

Tritax Management LLP (“Tritax”), the specialist investor in critical supply chain real assets, today announced that all of its funds under management achieved improved GRESB scores, the global ESG benchmark for real estate and infrastructure, whilst its two listed funds were also awarded EPRA Gold Level certification. Highlights from the

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Berkeley Wins National Award for Tackling Carbon Emissions

Berkeley Group was awarded the Carbon Reduction Award at the 2022 National Sustainability Awards in October.  The cross-sector awards, from The Better Society Network, celebrate ‘the pioneers of sustainability’ across the UK.  The Carbon Reduction Award recognises Berkeley’s ambitious, holistic climate action strategy including solutions to cut carbon emissions – creating

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Construction Begins at Hartlepool Station

Construction begins at Hartlepool station

Story Contracting has commenced improvement work on Hartlepool Station, with the demolition of the disused platform 3 marking the first phase of the redevelopment. The team, on behalf of Network Rail and Tees Valley Combined Authority, have successfully removed the platform over 108 hours; removing 1500T of spent material. With

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Latest Issue
Issue 322 : Nov 2024

October 20, 2022

Westminster announces first step in its plans to increase the number of truly affordable homes for local people in the heart of the city

Commitment to increase delivery of the number of truly affordable homes in the pipeline  by 160 to at least 1,362 council homes for social rent 84 homes previously planned for private sale in regeneration schemes on 300 Harrow Road and Westmead in Westbourne Park will now be council homes Council leads the way giving priority for the delivery of council homes on the council’s own development – a shift from 60:40% split in favour of intermediate rent housing to a 70:30% split in favour of council homes There are more major regeneration projects in the pipeline, which will further increase the council’s affordable housing offer. Westminster City Council has announced a commitment to deliver at least 1,362 council homes for social rent, as the new administration looks set to implement changes to support local people to live in truly affordable homes in the heart of London. The pledge, which will maximise the delivery of truly affordable housing, will see an increase of at least 160 new council homes for social rent in addition to the 1,202 council homes already in the council’s housebuilding pipeline. This increase will begin addressing the waiting list of more than 4,000 households currently registered for council housing and begin to reduce the numbers of families relying on temporary accommodation. The council has set a commitment for affordable provision on all future housing schemes to be mainly council homes for social rent, and for these to be family-sized homes. The decision taken by the council will also see a rebalance of the previous 60:40 split for the council’s own development in favour of intermediate rent housing to a new 70:30 split in favour of council housing for social rent. The previous expectation stated that 60% of affordable homes would be intermediate housing, with the remaining 40% council housing. The council’s new strategy is to commit strongly to affordable housing, so now 70% of homes will be council housing with the remaining 30% being intermediate for the council’s own delivery. The delivery of these new, affordable, family-sized homes will be achieved by the proposed change of tenure from market sale and intermediate rent to social rent for upcoming schemes, such as 300 Harrow Road and Westmead in Westbourne Park. The new plans set out that market homes at 300 Harrow Road (60 Homes) and Westmead in Westbourne Park (24 Homes) will now be delivered as completely affordable council housing.  A further additional 18 intermediate rent homes will be delivered across both schemes. From these two schemes alone, a total of 102 additional genuinely affordable homes will be created and will be a mix of social and intermediate, taking the total number of affordable homes for both schemes to 177. The 100% affordable residential homes will be re-balanced, so that all one bedroom homes, including the studios on 300 Harrow Road, will be intermediate and the homes with at least two bedrooms will be held as council housing for social rent. The council recently launched its new Fairer Westminster strategy which sets out how the council will work with the local community to support them and tackle inequality, and this new pledge to deliver more social housing aims to build a fairer city for our residents to live in. There are other major regeneration projects in the pipeline still to come, such as Ebury Bridge and Church Street, which will further increase the council’s affordable housing offer. Cllr Matt Noble, Cabinet Member for Climate Action, Regeneration and Renters at Westminster City Council said: “As one of the new administration’s first major pledges, in line with our manifesto, we want to show the people of Westminster that we really care about building truly affordable, family-sized homes which meet the needs of our residents and so we can build a fairer city for everyone. The wait for a family-sized social rent home in Westminster – and across London as a whole – is massive and this new commitment to deliver truly affordable homes, which sees an emphasis on council housing for social rent in the heart of the city, is the first step in a longer pipeline of work to deliver high-quality, family homes for our local people.” These new proposals were set out in a Cabinet Report which was approved at Cabinet on Monday 17 October. Read the full report.  The council is adopting the London Living Rent definition of intermediate and social rent: Intermediate rent offers ‘low cost’ rental accommodation, with rent set at up to 80% of market rent. Social rent is usually rent that is paid to registered providers and local authorities. It is low-cost rent that is set by a government formula. This means it is significantly lower than the rent a tenant would pay in the normal market. Not everyone is eligible for social housing and so the next best alternative could be to aim for a provider that charges ‘affordable rent’ or intermediate rent. With regards to social rent, there are two tenancy options – introductory tenancy and secure tenancy: Introductory tenancy: All new tenants of Westminster Council will be introductory tenants unless they were already a secure or assured tenant of a local authority or registered social landlord at a previous property. An introductory tenancy will last for a trial period of 12 months, after which if you do not break any of the tenancy conditions, you will automatically become a secure tenant. Introductory tenants have fewer rights than secure tenants. You cannot do the following: apply to buy your home vote for a change of landlord sublet part of the property or take in a lodger apply to exchange your tenancy Secure tenancy: If you have had your tenancy for at least 12 months you will normally be a secure tenant. Secure tenants have more rights than introductory tenants. By law, as a secure tenant you have the right to live in your property indefinitely, as long as you keep to these tenancy conditions and your tenancy agreement.

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Continued progress delivering ESG strategy across all Tritax funds

Tritax Management LLP (“Tritax”), the specialist investor in critical supply chain real assets, today announced that all of its funds under management achieved improved GRESB scores, the global ESG benchmark for real estate and infrastructure, whilst its two listed funds were also awarded EPRA Gold Level certification. Highlights from the 2022 GRESB report: Improved ESG performance and data coverage across all Tritax funds, achieving a total of 13 stars compared to 12 green stars in 2021. Tritax Big Box REIT plc and Tritax EuroBox plc both achieved the maximum score for the criteria of Leadership, Policies, Reporting, Risk Management and Stakeholder Engagement. Tritax Big Box REIT plc was awarded four stars and named the Leader for Development in the European and Global Industrial Sectors for the second consecutive year. Tritax EuroBox plc was awarded the maximum five stars, an improvement on four stars awarded in 2021, and named the Leader in Sustainability for European Industrial Distribution Warehouses Listed Sector. Highlights from the 2022 EPRA report: Tritax Big Box retained its EPRA Gold Level certification and was one of only nine companies to achieve the most improved award for its 30% year-on-year improved performance. Tritax EuroBox has also been awarded EPRA Gold Level certification for sustainability best practice in its first year of inclusion in the EPRA Sustainability Best Practices Recommendations Report. James Dunlop, CEO – Investment at Tritax, commented: “At Tritax, we believe that collaborating with our stakeholders to deliver a cleaner, healthier and more equitable society drives superior returns over the long term. We make significant efforts to work in partnership with our customers so they can meet their ESG objectives and create the best buildings delivering the widest positive impact that will meet the highest sustainability and wellbeing standards. The year-on-year increase in our GRESB scores across all our funds, combined with EPRA Gold Level certification for our listed funds, demonstrates that we continue to make progress in improving our environmental, social and governance performance and delivering better outcomes for our investors and other stakeholders.” Alan Somerville, Director of ESG at Tritax, added: “Our EPRA certifications and GRESB scores reflect our ambitious ESG programme, which is underpinned by meaningful targets set across both our asset management and development management activities. We are actively delivering  positive environmental and socio-economic impact by developing and managing net zero carbon buildings with high green building standards, that enhance nature and biodiversity and create social value.” ESG is fundamental to the strategy of the Group’s funds under management and is integrated throughout their investment processes and operations. The Group and its funds focus on four key priorities, aligned with the United Nations’ Sustainable Development Goals (SDG), where they believe they can make the greatest difference: sustainable buildings (aligned with SDG 11), climate and carbon (aligned with SDG 13), nature and wellbeing (aligned with SDG 15), and social value (aligned with SDG 8). To discover more about Tritax’s approach to ESG visit www.tritax.co.uk/esg. GRESB scores and ratings across Tritax’s funds under management: Fund Total Score Star Rating 2022 2021 2022 2021 Tritax Big Box REIT plc 83 81 4-star 4-star Tritax Big Box REIT plc – Development* 99 97 5-star 5-star Tritax EuroBox plc 88 82 5-star 4-star Tritax Property Income Fund 71 69 2-star 2-star Tritax MetroBox 71 68 2-star 2-star *Development not included in total score DOWNLOAD REPORT

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Berkeley Wins National Award for Tackling Carbon Emissions

Berkeley Group was awarded the Carbon Reduction Award at the 2022 National Sustainability Awards in October.  The cross-sector awards, from The Better Society Network, celebrate ‘the pioneers of sustainability’ across the UK.  The Carbon Reduction Award recognises Berkeley’s ambitious, holistic climate action strategy including solutions to cut carbon emissions – creating low carbon, resilient homes and places, alongside transformational changes to construction processes and wider business operations. Berkeley has set independently validated science-based targets for reducing carbon emissions, and is committed to being a net zero business by 2040.  Carbon emissions from Berkeley’s direct operations have reduced by more than 40% since 2018-2019, and the business has procured 100% renewable electricity across all UK operations since May 2017.  Rob Perrins, Chief Executive of Berkeley Group, said: “As a responsible business we have a duty to take action on climate change and this has been a priority for Berkeley more than a decade. This award reflects the hard work of our teams and partners, finding real solutions that support the transition to a low-carbon economy, and creating sustainable homes for the future.” Looking ahead, Berkeley is expanding its work to drive down embodied carbon. The homebuilder has completed 15 embodied carbon assessments, across a range of building typologies, to help identify the carbon-intensive materials within new buildings. Assessments will now be undertaken for new sites from the early planning stages, as Berkeley works with partners to understand the carbon intensity of different materials and reduce their impacts in these future projects.   Find out more about Berkeley’s approach to tackling climate change here.

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Constructing Excellence South West CEO voted South West Property Personality of the Year

Constructing Excellence South West’s CEO has been crowned the winner of an incredible regional property and construction award. Andrew Carpenter has been voted the Property Personality of the Year at the 2022 South West Property Awards. Returning for the fifteenth consecutive year, the awards recognise outstanding achievements of the people, businesses and organisations which have played a vital role in the design and development of the built environment in the South West region. Since joining the construction sector 45 years ago, Andrew has worked tirelessly and was selected for his contribution during Covid-19 and beyond where he created opportunities for construction professionals across the South West to regularly collaborate via webinars, dinners or debates. “I can’t quite believe that I was voted the South West Property Personality of the Year,” comments Andrew. “At Constructing Excellence South West we’re passionate about supporting the industry and wanted to make sure we continued to engage with our members throughout the pandemic. So, we designed and launched a brand-new weekly webinar series covering a wide range of industry topics to keep people informed and consulted. “It’s fantastic to win this award and I’m incredibly proud to have been nominated by the judges and chosen by the ballot.” Constructing Excellence South West is a member-led organisation created to drive the change agenda in construction across the South West region. It exists to improve industry performance to produce a better-built environment and operates for the good of the construction industry and its stakeholders. For more information on Constructing Excellence South West and its membership visit: https://constructingexcellencesw.org.uk/

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Construction Begins at Hartlepool Station

Construction begins at Hartlepool station

Story Contracting has commenced improvement work on Hartlepool Station, with the demolition of the disused platform 3 marking the first phase of the redevelopment. The team, on behalf of Network Rail and Tees Valley Combined Authority, have successfully removed the platform over 108 hours; removing 1500T of spent material. With demolition complete, piling will now begin on site, making way for the construction of a new platform. As part of the works, the existing platform 2 will also be extended by 20 metres to house a new footbridge and lift for improved access. “We’re proud to be supporting Network Rail and TVCA in the delivery of the upgrades at Hartlepool Station. The works to improve the station for local people, will include community benefits such as providing step-free access to the platforms to enhance the journey experience for those with impaired mobility or travelling with children, luggage or bikes,” said Chris Ralph, Scheme Project Manager for Story Contracting. Currently only one platform is used by trains heading both north and south up the coastal line. The works will help provide more capacity to enable future service for routes including those between London and Sunderland operated by Grand Central. The development will also provide a potential boost to Northern services which connect Hartlepool with Middlesbrough, Newcastle and other major towns on the Durham Coast rail line. “I’m delighted crews are now on-site for this long-awaited project to boost connectivity for local people and visitors. It’s sorely needed as we work to improve Hartlepool town centre through our Mayoral Development Corporation and drive jobs, investment and increased tourism with fantastic events like the Tall Ships in 2023,” added Mayor Houchen. “Pre-pandemic, up to 650,000 people were using this station every year and these improvements will make sure this figure can grow as we unlock even more capacity right across our transport network and give local people the services they deserve.” The upgrade is due to be completed in time for the Tall Ships Festival in July 2023. Building, Design and Construction Magazine | The Home of Construction and Property News

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