November 15, 2024
PEEL WATERS’ BASIN3 EMPLOYMENT CAMPUS APPROVED

Peel Waters’ Basin3 employment campus approved

Medway Council has formalised its planning decision to approve the regeneration of an 18-acre Industrial Estate in Gillingham, Kent, into a high-spec, sustainable employment and enterprise campus named Basin3. Medway Council’s Planning Committee approved the application for Basin3 in May 2024, the formalisation of the planning decision means the plans

Read More »
Trafford Gardens Hits Major Milestone with Topping Out Ceremony

Trafford Gardens Hits Major Milestone with Topping Out Ceremony

Trafford Gardens, a prime residential development of 149 new homes in Manchester, has celebrated a significant milestone yesterday with its traditional ‘topping out’ ceremony. The event marks the completion of the building’s highest point, bringing the project one step closer to its anticipated completion in autumn 2025. Trafford Gardens is

Read More »
Reynaers broadens Vision 7 functionality with new panic hardware

Reynaers broadens Vision 7 functionality with new panic hardware

Reynaers Aluminium has added new panic hardware options to its Vision 7 Thermal Commercial Door – introducing both surface mounted and concealed systems for ease of opening in the event of an emergency. Surface mounted and concealed panic hardware is available in both push-bar and push-pad options to ensure safe

Read More »
Regional building crisis threatens 1.5M homes target

Regional building crisis threatens 1.5M homes target

The UK’s pledge to build 1.5 million homes faces a critical but overlooked challenge – the dramatic decline of regional housebuilders capable of delivering community-focused developments. That’s according to electrical specialist Garo who highlights the issue in a new report. Industry analysis reveals SME builders now deliver just 10% of

Read More »
CBRE Southampton launches new residential developments offering

CBRE Southampton launches new residential developments offering

CBRE Southampton has appointed Ryan Harris to a new role of Director of Residential Development and Investment. With 20 years of experience, Ryan will work across the central southern region, spanning multiple living sectors including Residential (Brownfield and Strategic Land), Build-to-Rent (Single Family Housing/Multi Family Housing), Purpose Built Student Accommodation,

Read More »
Latest Issue
Issue 323 : Dec 2024

November 15, 2024

PEEL WATERS’ BASIN3 EMPLOYMENT CAMPUS APPROVED

Peel Waters’ Basin3 employment campus approved

Medway Council has formalised its planning decision to approve the regeneration of an 18-acre Industrial Estate in Gillingham, Kent, into a high-spec, sustainable employment and enterprise campus named Basin3. Medway Council’s Planning Committee approved the application for Basin3 in May 2024, the formalisation of the planning decision means the plans can now progress. The council’s approval follows on from The Secretary of State for the Ministry of Housing, Communities and Local Government decision to not call-in the plans and allowing the planning decision for Basin3 to be determined by the local authority. The approved plans were submitted by waterside regeneration specialists Peel Waterswho are the landowners of the site. Peel Waters’ proposals will transform the existing brownfield land into circa 31,000m² of adaptable workspace and is estimated to triple the number of jobs on site. Basin3’s high-quality, sustainable and versatile waterfront space will actively promote job creation by catering to businesses aligned with the council’s target growth sectors. These sectors include creative, manufacturing and technology; life sciences; IT, health and digital along with dedicated spaces and workshops for start-ups and smaller independent businesses. Located opposite Medway’s university cluster, Basin3 will act as a catalyst for innovation and collaboration; helping retain talent and knowledge in Medway, by creating new opportunities for graduates. Future-proofing the site against climate change has also been at the forefront of the approved plans. Peel will improve flood resilience, and all the new buildings will utilise green technology and be at the cutting edge of energy efficiency. Enhanced connectivity and improved sustainable transport options have also been key to Peel Waters’ vision for Basin3. The approved development will see the creation of a new waterside footpath and cycle way stretching over half a kilometre, connecting existing residential communities as well as safely opening up part of the Medway waterfront to the public for the first time in its history. The approved Basin3 development aligns with all the relevant policies in Medway’s statutory development plan and the National Planning Policy Framework; receiving no objections from the statutory consultees. James Whittaker, Managing Director, Peel Waters said: “Basin3 will provide a fantastic opportunity for employment and growth in Medway and we are really pleased with the decision from both Medway Council’s Planning Committee to approve the application and the government’s decision to not call-in this development. “This decision means we can now focus on delivering Basin3, working with our partners to build a high-quality, sustainable employment campus that will complement the surrounding business, educational and residential communities. By having outline planning permission for this brownfield site, it builds a stronger case to attract in both prospective employers and inward investment. “Basin3 will bring with it many benefits for the wider community, including a tree-lined waterfront promenade with new cycle and pedestrian routes, as well as an improved coastal path route. Celebrating the sites heritage in an inclusive and accessible way is also important to us and we want to work with local community groups to observe the history of the docks before it became an industrial estate. “Sitting adjacent to Medway’s university cluster, our aspirations for Basin3 have significant synergies with these universities which will bring further benefits to Medway as a whole, retaining talent and thereby attracting employers that are fundamental to our regeneration plans on this important waterfront site.” Peel Waters has a strong track record of waterside regeneration across the UK, with sites in Liverpool, Wirral, Greater Manchester and Glasgow. The neighbouring Chatham Waters development which sits next to the Basin3 site is Peel Waters’ largest regeneration project in the south. To date, Peel has invested over £125million into their Chatham Waters scheme, delivered significant infrastructure and public realm improvements including over £7million of highway improvements, flood defence and land remediation. They have created 750 new jobs, built 237 affordable homes, another 391 homes for rent and sale, a large ASDA Superstore, a Marston’s family pub and restaurant, retail units, The Waterfront University Technical College offering on-site stem-focussed education specialising in construction and engineering; and an elderly/care development is soon to start construction. More information can be found about Basin3 at: basin3.co.uk Find out more about Peel Waters here: www.peelwaters.co.uk Building, Design & Construction Magazine | The Choice of Industry Professionals

Read More »
Trafford Gardens Hits Major Milestone with Topping Out Ceremony

Trafford Gardens Hits Major Milestone with Topping Out Ceremony

Trafford Gardens, a prime residential development of 149 new homes in Manchester, has celebrated a significant milestone yesterday with its traditional ‘topping out’ ceremony. The event marks the completion of the building’s highest point, bringing the project one step closer to its anticipated completion in autumn 2025. Trafford Gardens is located off Talbot Road and is set to transform the local landscape with its modern, thoughtfully designed apartments. The development features 149 one, two, and three-bedroom apartments, complemented by rooftop gardens and private courtyards, offering both luxury and green spaces to future residents. Located just two miles southwest of Manchester city centre, the site is only 300m from the nearest tram stop and overlooks both Old Trafford Cricket Ground and Old Trafford football stadium. The project took a pivotal turn in October 2023 when Linear Living assumed ownership of the development following the collapse of the previous developer, Investar. Linear Design and Construct, part of Linear UK Group, is the principal contractor on the scheme. With the support of funding partner Maslow Capital, significant progress has been made over the last year, with today’s ‘topping out’ just the latest milestone.  This successful collaboration between Maslow Capital and Linear Living, with support from Trafford Council and Greater Manchester Combined Authority’s Brownfield Land Fund, is transforming this brownfield site into a valuable addition to the community that will help address the demand for new housing in the area. Stephen Holmes, Chief Executive at Linear Group, commented: “The last 12 months have seen great progress made at Trafford Gardens and we are really pleased to have reached this critical milestone. I have to say a big thanks to our Linear Design and Construct team who have worked hard to keep the development on track and get us to this point. And thanks to our funding partners Maslow Capital, and the Greater Manchester Combined Authority and their Brownfield Land Fund, for making this possible. We are all looking forward to next year when we will see the project completed and people enjoying these fabulous new homes.” Sky Mapson, Director in the Deal Origination Team at Maslow Capital commented: “Trafford Gardens is a fantastic, community-focused development that aligns well with the urban living projects we are proud to support. We are thrilled it has reached this important milestone and look forward to seeing it welcome new residents next year, making a meaningful contribution to local housing demand. “We are also excited to continue developing our relationship with the Linear Group and the Greater Manchester area by offering real estate professionals a comprehensive range of financing solutions from £300k to £300m, supporting our clients across their entire investment lifecycle.” City Mayor Paul Dennett, GMCA’s lead for Housing First, said: “It’s great to see the GMCA’s Brownfield Land Fund being effectively used to support developments in key investment areas like this, and I’m particularly pleased that the site will include 33 affordable homes. The progress Trafford Gardens has made is very positive and a really good example of brownfield land being brought back to life.  I look forward to the completion of this development and the growth of this community.” Ilyas Patel, Commercial Development Director at Russell Bolton Consulting, project managers and advisors on the scheme, added: “Trafford Gardens has utilised the breadth of our expertise and experience, from advising on the takeover from the previous owners, to helping secure funding, and then ensuring the project is delivered on schedule. To reach the point of topping out is great to see and we look forward to delivering the project in full next year.” Building, Design & Construction Magazine | The Choice of Industry Professionals

Read More »
Reynaers broadens Vision 7 functionality with new panic hardware

Reynaers broadens Vision 7 functionality with new panic hardware

Reynaers Aluminium has added new panic hardware options to its Vision 7 Thermal Commercial Door – introducing both surface mounted and concealed systems for ease of opening in the event of an emergency. Surface mounted and concealed panic hardware is available in both push-bar and push-pad options to ensure safe and effective escape in line with current legislation.  To meet EN 1125 for use in public spaces, such as shopping centres, a full width push-bar option is required. For more familiar buildings that occupants visit regularly, but that still need an escape route, such as offices, a push pad option is required to meet EN 179 standards. This new range of hardware supplements the comprehensive options already available for Vision 7 to cater for a wide range of uses of the door and the varying requirements of different sectors and locations.  In addition, a locking lever handle has been added to the hardware options to allow outside access where needed on emergency exit doors intended for sole use through quick release bars. Both the surface mounted and concealed options are suitable for doors up to 3,000mm.  Unveiled by Reynaers Aluminium in March this year, Vision 7 is a thermal commercial door and framing system that features anti-finger trap technology and deep kickplates for a robust design.  It has a unique post-installation bottom pivot to make it easier to make final adjustments onsite and can achieve a U-value as low as 1.1W/m2K, making it suitable for a wide range of building projects. Of the new features, Ian Osborne, Reynaers UK Product Development Manager, said: “The addition of panic hardware further expands the use of the Vision 7 Thermal Commercial Door to meet the need for urgent escape in a public area. “Vision 7 is a carefully considered design to meet a wide range of demands in commercial settings, backed up by extensive performance testing while still achieving slimline styling. The addition of panic hardware builds on that to deliver a comprehensive, safe solution.   “The surface mounted panic hardware is quick and easy to install, while the concealed panic hardware option provides a seamless solution often preferred by architects. “Reynaers is committed to the continual development of its products, even after a successful launch, and developing the hardware options is an example of this in practice. We will continue to work to make enhancements to Vision 7 where identified, with work already under way to add touch bar options and access control via solenoid bolt.” To find out more visit https://www.reynaers.co.uk/products/aluminium-doors/vision-7.  Building, Design & Construction Magazine | The Choice of Industry Professionals

Read More »
Strategic Expansion: Sixth Street and Copley Point Forge UK Industrial Real Estate Partnership

Strategic Expansion: Sixth Street and Copley Point Forge UK Industrial Real Estate Partnership

Sixth Street, a global investment powerhouse, and Copley Point Capital, a UK-based specialist in industrial property, have announced a joint venture to target high-quality industrial real estate in the United Kingdom. This partnership is set to focus on logistics markets characterised by strong demand and limited supply. The venture has already secured agreements for an initial £180 million in transactions, with plans to further expand through acquisitions of both individual assets and larger portfolios across the UK. A Milestone CollaborationMichael Heal, Founder of Copley Point, highlighted the significance of the venture:“This partnership marks a major expansion of our Block Industrial programme with Sixth Street. Their extensive resources, reputation, and expertise in real estate will enhance our specialised approach and proven ability to add value at the asset level. Over the past five years, my team and I have built a solid foundation, and Sixth Street’s capital flexibility and long-term outlook make them an ideal partner for our growth ambitions.” Capitalising on Sector TrendsGiulio Passanisi, Managing Director and Head of European Real Estate at Sixth Street, shared his enthusiasm for the partnership:“The Copley Point team is highly regarded in the UK market, and we are excited to work together to expand this platform. The UK industrial real estate sector remains constrained in supply, yet it continues to benefit from robust trends such as the rise of e-commerce and the onshoring of supply chains. We aim to leverage our scale and expertise to meet the capital needs of this thriving sector.” A Strong Foundation for GrowthThe venture’s initial transactions were guided by leading advisers, including BCLP, PwC, Jones Hargreaves, and SLR. Sixth Street received legal advice from Ropes & Gray, while CBRE assisted Copley Point in securing the partnership. Gowling served as Copley Point’s legal adviser. With this joint venture, Sixth Street and Copley Point are poised to address the growing demand for mission-critical logistics and industrial properties in the UK, solidifying their presence in this dynamic sector. Building, Design & Construction Magazine | The Choice of Industry Professionals

Read More »
CIBSE’s Build2Perform Live 2024 celebrated another year of industry excellence

CIBSE’s Build2Perform Live 2024 celebrated another year of industry excellence

The ninth annual Build2Perform Live, hosted by CIBSE on 13 – 14 November 2024 at London Excel, has once again proven to be a pivotal event for the building services industry. The event attracted an impressive turnout, solidifying its status as the go-to gathering for professionals, thought leaders and innovators in the sector. Build2Perform Live 2024 had over 3,500 registrations and featured over 70 hours of CPD-accredited content, drawing attendees into thought-provoking sessions led by 125 industry experts and showcasing more than 100 top-tier exhibitors. The carefully curated programme, shaped by CIBSE Divisions, Special Interest Groups and the Build2Perform Live Advisory Committee, delivered exceptional value and insights to all participants. The two-day event featured an array of insightful sessions that underscored CIBSE’s commitment to sustainability, innovation and inclusivity in building services. Highlights included in-depth discussions on embodied carbon and the practical application of TM65 to reduce carbon emissions in building projects, as well as the UK’s Net Zero Carbon Buildings Standard, which invited stakeholders to shape its future through ongoing feedback. Attendees gained a forward-looking perspective on NABERS UK’s role in advancing decarbonisation efforts and sustainable energy practices across the built environment. Sessions on domestic heat pumps and climate resilience provided actionable guidance on adopting technologies and strategies essential for adapting to climate change. Day two introduced the latest TM59 methodology to mitigate overheating, supported by CIBSE’s new Weather Files, alongside discussions on indoor health and wellbeing in building design. The Domestic Retrofit Towards Net Zero session highlighted progress in retrofitting for energy efficiency, while an Equity, Diversity & Inclusivity (EDI) session explored how embracing EDI can reshape the industry and promote a more inclusive built environment. Together, these sessions illustrated the path forward in creating resilient, low-carbon, and people-centred buildings. Simon Parker, Managing Director of CIBSE Services said: ‘This year at B2P, we’ve seen incredible energy and commitment to tackling some of our greatest challenges, from reducing carbon emissions and improving indoor health to ensuring inclusivity and resilience in the built environment. I’m immensely proud of CIBSE’s role in supporting these conversations and helping equip our community with the practical tools and insights needed to drive meaningful progress.’ The event brought together key decision-makers, government officials, senior managers, facility managers, consultants and property developers, creating an unmatched networking environment. The attendees left with new perspectives, strengthened professional connections, and actionable insights to drive the industry forward. CIBSE is proud to reflect on another successful Build2Perform Live, which embodies its mission to foster education, collaboration and innovation within the building services field. As we look ahead, CIBSE remains committed to supporting industry professionals and promoting sustainable solutions worldwide. Building, Design & Construction Magazine | The Choice of Industry Professionals

Read More »
Regional building crisis threatens 1.5M homes target

Regional building crisis threatens 1.5M homes target

The UK’s pledge to build 1.5 million homes faces a critical but overlooked challenge – the dramatic decline of regional housebuilders capable of delivering community-focused developments. That’s according to electrical specialist Garo who highlights the issue in a new report. Industry analysis reveals SME builders now deliver just 10% of new homes, a figure which was previously 40%[1], creating a significant gap in regional housing delivery. This collapse in local building capacity comes at a crucial moment when housing electrical requirements are becoming exponentially more complex. Modern homes demand consumer units that can handle bidirectional power flow from solar panels, manage high-power EV charging points, and incorporate smart monitoring systems – all while maintaining capacity for future innovations. For SME builders operating on tight margins, these technical demands create significant financial and operational challenges. “The combination of ambitious construction targets and increasingly sophisticated home technology creates a perfect storm,” says Dan Dempsey, National Sales Manager at GARO Electric. “Modern homes require advanced electrical infrastructure to support everything from EV charging to heat pumps – yet we’ve lost the very builders who best understand local market needs. “While larger developers excel at volume delivery, regional builders have traditionally delivered developments that reflect local architecture, demographics, and price points. Their decline impacts our ability to create diverse, well-integrated housing solutions across different communities.” The situation is set to become more challenging. The Future Homes Standard, due in 2025, will require new homes to produce 75-80% less carbon emissions than current standards. This demands even more sophisticated electrical systems, potentially further squeezing regional builders already struggling with technical complexity and cost barriers. These challenges extend beyond individual properties. As homes evolve from passive energy consumers to active participants in dynamic energy networks, the loss of regional building expertise threatens both housing delivery and the UK’s broader transition to sustainable communities. Data suggests that without addressing this technical and financial burden on smaller housebuilders, the government’s ambitious housing targets may prove difficult to achieve, particularly in regions where local building knowledge is essential. Dan Dempsey continued: “The implications reach far beyond simple housing numbers. At stake is not just the government’s 1.5 million homes target, but the very character of Britain’s regional housing development and its ability to create the sustainable, community-focused developments that the next generation of homeowners will demand.” To download Garo’s specialist report on the topic, click here https://www.garoelectric.com/electrical-products/consumer-units/shapingtomorrow Building, Design & Construction Magazine | The Choice of Industry Professionals

Read More »

Prevent, don’t cool: a ‘critical blind spot’ in building industry energy debate

Opinion: Brian Farr, in-house shading expert at Kensington Blinds  Updates to IEAs World Energy Outlook report were released last month, and they project concerning figures… Cooling is the fastest-growing use of energy in buildings, according to the International Energy Agency (IEA).  Its updated World Energy Outlook report, released last month (October 2024), projects concerning figures. The report states that the rise in energy consumption forecasted to cool homes is set to skyrocket by 280 per cent by 2050.  Rising incomes in the developing world coupled with increasing temperatures due to climate change, mean the amount of energy used to power air conditioning units globally is expected to increase exponentially.  In the UK, several initiatives are in place to ensure the decarbonisation of building practices, such as the UK Net Zero Carbon Building Standard, and Part ‘O’ Building Regulations which limit unwanted solar gain in buildings. There’s never been a more pressing time to embrace alternatives to carbon-expensive features like air conditioning. Part ‘O’ Building Regulations focus on preventing buildings from gaining heat, eradicating the need to cool them with energy-intensive systems like air conditioning.  Shading solutions like external blinds present a compelling solution to the problem, blocking solar glare before it reaches the building’s glazing forming a crucial part of sustainable building design. This can be enhanced further when combined with other passive measures such optimal glazing ratios and natural ventilation strategies.  The often overlooked design feature could be the answer to achieving net zero carbon goals by minimising cooling energy demands in comparison to air conditioners. The figures released by the IEA are extremely concerning. External blinds have long been embraced as a cooling solution in Europe, and if we want to reach our net zero goals then we need to start utilising them in the UK and the rest of the world.  We’ve seen external blinds achieve some incredible results when it comes to cooling, reducing temperatures inside by 7C. And in terms of energy use, they use a minimal amount. People need to know that there are more options available to them. Whether you’re a homeowner, an architect, or any other construction industry professional, we should all be making it our business to opt for more sustainable solutions.  The blinds we install, here at Kensington Blinds for example, are carefully designed with solar glare repellent fabric, preventing the sun’s heat from entering buildings. In this regard they are considerably more efficient for keeping homes cool than internal blinds.  And thanks to the open weave of the screen fabric used, the exterior blinds allow light to filter through while reflecting heat and keeping the interior cool, so homeowners can still enjoy clear sight out of windows and doors.  When it comes to getting ahead of the massive problem that air conditioning is about to bring our way – external blinds provide a compelling solution. Building, Design & Construction Magazine | The Choice of Industry Professionals

Read More »
CBRE Southampton launches new residential developments offering

CBRE Southampton launches new residential developments offering

CBRE Southampton has appointed Ryan Harris to a new role of Director of Residential Development and Investment. With 20 years of experience, Ryan will work across the central southern region, spanning multiple living sectors including Residential (Brownfield and Strategic Land), Build-to-Rent (Single Family Housing/Multi Family Housing), Purpose Built Student Accommodation, Senior Living and Mixed-Use. Ryan has advised a variety of private landowners, charities and large institutions on their property portfolios and disposal strategies. He has overseen the delivery of multiple complex brownfield regeneration sites in city centres requiring detailed negotiations with key stakeholders, as well as helping clients maximise value from their long-term promotion land. Ryan said: “The south coast has enormous potential across the living sectors. With the new government committing to reforming planning and setting mandatory targets for housing delivery, our region will be a key area for growth and investment over the years to come. I am delighted to join CBRE and be advising clients on their real estate projects at such a key time in the marketplace.” Tej Singh, Head of CBRE Southampton, said: “Ryan brings quality expertise and a unique skill set to our team. With his years of experience, this new service will further expand our offering to clients across the region.” Building, Design & Construction Magazine | The Choice of Industry Professionals

Read More »
Miss Macaroon urges construction leaders to create social value in the West Midlands

Miss Macaroon urges construction leaders to create social value in the West Midlands

A leading social entrepreneur has called on construction leaders to engage more with young people and communities to ensure they deliver greater social value in the West Midlands. Rosie Ginday MBE, founder of Miss Macaroon, made the rallying call at the ‘Building a Brighter Future’ luncheon held earlier this week in Birmingham, which involved more than 40 experts from the field and representatives from key funders and national agencies like Homes England. It was a clear message to a sector that generates billions for the regional economy and was reinforced by West Midlands Mayor Richard Parker via a video address and keynote speakers including Gemma Bourne (Better Society Capital) and Simon Chisholm (Resonance). The event provided a review of the current landscape and how more businesses and local authorities are prioritising social value, giving it the same importance as environmental performance. Leo Pollak, Head of Housing Policy at the West Midlands Combined Authority, also shared ‘the great opportunity for the 12,000 construction businesses in the region to create social value’. Delegates heard how firms can address skills shortages through social impact programmes, such as Miss Macaroon’s All Rise Partnerships – an opportunity to create a bespoke course based on the proven ‘Macaroons that Make a Difference’ concept that has helped hundreds of young people overcome barriers to employment. “It was a really positive event with a real commitment from all attendees to create more social value in the West Midlands,” explained Rosie. “There was some fantastic best practice being shared, with some construction companies already linking the delivery of their social value with their personal KPIs and bonuses, which drives real innovation and engagement.” She went on to add: “We want to get the message out there that being ‘social’ is an opportunity and not a cost to the business and one of the ways we can directly assist is by crafting programmes that will give people – who traditionally have faced barriers to work – the confidence and softer skills needed to consider a career in construction. “We’ve done it for catering, we’ve done it for hotels, and we’re doing it for retail…construction is ready to be the next big adopter.” Richard Parker, Mayor of the West Midlands, added his support: “This event is crucial for discussing the importance of young people and the difference investing in young people can make to their lives. “It is a big priority of mine to help them access the skills and the training opportunities they need to get better jobs and build successful careers here in the West Midlands.” Hayley Millar, Social Value Manager at Wates Construction, concluded: “Social value sits in the heart of Wates Construction and all our projects aim to have a positive impact on the communities we work in. “It was lovely to see current social value programmes delivered in the West Midlands, whilst also exploring new ways to reach communities, which is always a good thing.” Building, Design & Construction Magazine | The Choice of Industry Professionals

Read More »
Housebuilding insights: East London bearing brunt of capital’s new-build burden

Housebuilding insights: East London bearing brunt of capital’s new-build burden

New research has revealed the London boroughs with the biggest share of new-build homes amid a renewed effort to increase housing supply across the capital. Drawing on the latest housebuilding statistics, property experts SBA Property Management have found that East London is leading the way for new-build developments. The research shows that Tower Hamlets has the highest share of new builds in the city, with 7.2% of the borough’s housing constructed in the last five years. The inner London borough is followed by its neighbour, Newham, where 5.5% of homes are new builds. Barking and Dagenham also makes the top five boroughs for new-build property, with 4.1% of homes recently constructed. Collectively, the three East London boroughs account for over a fifth of new-build completions over the last five years. Other new-build hotspots include the outer London boroughs of Ealing and Croydon, where new builds make up 4.3% and 3.8% of housing stock respectively. Tim Darwall-Smith, Director at SBA Property Management, said: “London has been the driving force behind the UK’s housebuilding programme in recent years, with regeneration of the city’s historic East End delivering thousands of affordable new homes to local residents. “The Labour government has pledged up to 400,000 new homes in London over the course of its five-year term, so we can expect construction activity to be scaled even further, with Tower Hamlets and Newham likely to remain critical to this growth.” For prospective buyers looking to get onto the property ladder, London’s new-build hotspots offer some of the lowest house prices in the city. The latest house price index data shows that Barking & Dagenham, Croydon, Newham and Tower Hamlets are among the ten cheapest boroughs for property values. Barking & Dagenham and Croydon offer average property values below £400,000, meaning buyers can secure a new-build home for an initial investment as low as £50,000 with typical deposit costs. Habib Mogul, Director at SBA Property Management, commented: “There are many benefits to investing in new-build property, especially in London where capital growth has historically been more pronounced than the rest of the UK, though some buyers may be unsure whether now is the right time to take the plunge.” “A change in government and the new legislation that often follows will always bring a degree of uncertainty for property investors – Labour’s recent Renters’ Rights Bill is a prime example – so it’s more important than ever to lean on the data and consult with professionals to make the most informed purchasing decision.” To find out more about SBA Property Management’s services, visit: https://sbaproperty.com/. Building, Design & Construction Magazine | The Choice of Industry Professionals

Read More »