Baxi is encouraging social housing providers to ensure they have robust clean heat strategies in place for both new build and refurbishment projects following funding announcements in the Spring Statement. The call follows the government’s allocation of £2 billion to support the development of 18,000 new affordable homes, half of
Round Hill Capital, a leading global specialist real estate investor, developer and manager, has recently topped out on its Fairfax build-to-rent development in central Manchester. With BTR specialist Olympian Homes acting as lead developer and RG Group as main contractor, topping out was achieved eight weeks ahead of schedule. Acquired
Baxi is encouraging social housing providers to ensure they have robust clean heat strategies in place for both new build and refurbishment projects following funding announcements in the Spring Statement. The call follows the government’s allocation of £2 billion to support the development of 18,000 new affordable homes, half of which is allocated for social housing. This funding for new build homes sits alongside the Warm Homes: Social Housing Fund in place to retrofit existing social housing and improve energy efficiency. Rob Pearse, Residential Business Director at Baxi, said: “The £2 billion set aside for social housing in the Spring Statement must be used with sustainability in mind, which includes the long-term comfort and financial security of tenants as well as electrified heating. This can be achieved by working closely with manufacturers who have expertise in the sustainable heating of social housing and a raft of solutions able to match almost any requirements. “Delivering clean heat in social housing sector can be challenging, and we intend to support providers from the earliest steps of their net zero journey. It is important to identify the system that delivers the best efficiency, cost and environmental results for the building and occupants. Working closely with experts and the wider supply chain can provide the expertise and solutions to do this successfully for both new build and retrofit.” Air source heat pumps (ASHPs) are a key route to clean heat for both new build and retrofit social housing projects, though design challenges for retrofit and skills shortages for installers can be a barrier to social housing providers. To assist the sector with implementation, Baxi has developed a broad portfolio of heat pump solutions suitable for new build and retrofit, along with extensive training, commissioning services and customer support. This includes new prefabricated pod options for new build and retrofit that bring the ASHP system into a pre-assembled unit, manufactured offsite by Baxi Packaged Solutions (BPS). Using Modern Methods of Construction (MMC) to deliver a more sustainable solution makes the installation significantly faster and simpler and removes the need for major modifications inside the home. This in turn makes low-carbon heating and hot water more accessible in social housing. For larger developments and multiple occupancy buildings, Baxi‘s expert full-service heat network team offer support with design and implementation of end-to-end solutions, including social housing developments. Where zoning policy mandates that heat networks must connect to a larger scheme, consultation with experts, such as those at Baxi, can support a smoother integration with the wider network. Rob said. “Achieving decarbonisation requires a combination of bespoke plans and expertise in heating and hot water solutions. “At Baxi, we have the range of solutions to deliver on energy efficiency and net zero targets, along with the vital experience to support social housing providers in delivering clean heat across new build and retrofit. With the funding discussed in the Spring Statement, we are encouraging all social housing providers to stay ahead of the curve by exploring the solutions available for their projects.” For more on how to decarbonise social housing properties, see Baxi.co.uk. Building, Design & Construction Magazine | The Choice of Industry Professionals
Round Hill Capital, a leading global specialist real estate investor, developer and manager, has recently topped out on its Fairfax build-to-rent development in central Manchester. With BTR specialist Olympian Homes acting as lead developer and RG Group as main contractor, topping out was achieved eight weeks ahead of schedule. Acquired via a forward funding agreement in August 2022, the development, one of the largest in the central Manchester area, totals 488 one-and-two-bed, high quality apartments across two buildings, of 29 and 23 storeys respectively. Residents will benefit from exceptional amenities including a gym, 24-hour concierge, co-working space and roof terrace with panoramic views of the city skyline. Due to achieve practical completion in early 2026, the asset will be operated by Round Hill Capital and Allsop. Serving as the gateway to the Portugal Street East masterplan regeneration area, the project is less than a kilometre from the city centre. Appealing to a wide demographic of young professionals, families and students, the development is located next to Piccadilly Station, the largest train station in the city, which provides excellent connectivity across the region and wider UK. The scheme is on track to achieve a BREEAM Very Good certification. In line with Round Hill Capital’s commitment to embedding technology in its business and its focus on sustainability, Utopi has been engaged to provide accurate tenant meter data in order to assess the environmental impact of the buildings, positively engage with the future residents, and deliver insightful environmental reporting to Round Hill Capital stakeholders. In 2024, Round Hill Capital secured a £115 million development loan from global investment firm Carlyle (NASDAQ: CG) to fund the construction of Fairfax. With higher-than-average annual GDP growth of 2.2% forecast over the next five years and a growing population, Manchester will require over 170,000 new homes by 2038, with only 70,000 planned or underway, positioning the UK’s largest regional urban centre as an attractive location for investment in high quality rental homes.* Tom France, Head of Acquisitions UK, Round Hill Capital, commented: “Fairfax is our prime, flagship UK build-to-rent development, and just one example of the high quality, sustainable homes in our established pan-European Living platform. Reaching the highest point in the construction ahead of schedule is a fantastic achievement and testament to the collaborative efforts of everyone involved in the project, including the Round Hill Capital team, Olympian Homes and RG Group, all of whom share a commitment to delivering much needed rental homes in central Manchester, where housing supply is still not meeting demand. Manchester is a sought-after location in the UK, attracting young professionals and students and where technology, engineering, manufacturing and pharmaceutical businesses are thriving, creating a huge investment opportunity.” *Sources: Colliers’, UK’s Top UK Residential Investment Cities report / Savills, “Why invest in Manchester” Autumn 2023 report. Building, Design & Construction Magazine | The Choice of Industry Professionals
