August 26, 2026
HB Reavis set out ambitious new vision for unlocking One Waterloo

HB Reavis set out ambitious new vision for unlocking One Waterloo

HB Reavis has unveiled new plans for One Waterloo, a transformational vision to sustainably redevelop Elizabeth House into a vibrant mixed-use destination and connected gateway to Waterloo Station and the South Bank Local residents, businesses and visitors are invited to shape the proposals, as HB Reavis launches public consultation on

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Lendlord Q3 data shows 45.1% of UK buy-to-let is company-owned, rising to 57.6% for large landlords

Lendlord Q3 data shows 45.1% of UK buy-to-let is company-owned, rising to 57.6% for large landlords

Property management and finance platform Lendlord has published Q3 2026 buy-to-let ownership data, showing that 45.1% of UK BTL ownership is company-held, compared with 54.9% held privately. Among landlords with 20 or more properties, company ownership rises to 57.6%. The figures, drawn from Lendlord’s Q3 2026 UK BTL Market Report, show that company ownership is already the

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£67m Finance Deal Backs Landmark 30-Storey Cardiff Build-to-Rent Tower

£67m Finance Deal Backs Landmark 30-Storey Cardiff Build-to-Rent Tower

A £67.2 million financing package has been agreed to support the delivery of Harlech Court, a major 30-storey build-to-rent development currently under construction in Cardiff. Close Brothers Property Finance has provided the facility to Draycott Group for the 340-home residential scheme, which is set to become one of the tallest

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SCAPE opens procurement for £8 billion national construction framework

SCAPE opens procurement for £8 billion national construction framework

Public sector procurement specialist SCAPE has published the Tender Notice for its next generation SCAPE Construction Works and Services Framework, covering England, Wales and Northern Ireland. The framework offers a fully compliant, actively managed procurement route for public sector organisations, maximising value through the creation of long-term strategic partnerships. The

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Latest Issue
Issue 343 : Aug 2026

August 26, 2026

HB Reavis set out ambitious new vision for unlocking One Waterloo

HB Reavis set out ambitious new vision for unlocking One Waterloo

HB Reavis has unveiled new plans for One Waterloo, a transformational vision to sustainably redevelop Elizabeth House into a vibrant mixed-use destination and connected gateway to Waterloo Station and the South Bank Local residents, businesses and visitors are invited to shape the proposals, as HB Reavis launches public consultation on the scheme. Building on HB Reavis’ long-standing commitment to revitalise the site, the mixed-use masterplan for One Waterloo reflects a broader shift in the UK and London to prioritise sustainable development that minimises demolition and saves carbon through construction and operation. Encompassing a range of uses – including new hotels, purpose-built student accommodation (PBSA), built-to-rent (BTR) homes, retail and leisure, workspace and public realm – this scheme will create a multitude of jobs for local people. The proposals aim to catalyse Waterloo’s economy while delivering immediate and ongoing local benefits. As a landmark retrofit scheme, One Waterloo seeks to achieve net zero carbon in construction and operation. Compared to a demolition and new build approach, the new retrofit led One Waterloo proposals target embodied carbon cuts of 75%, to responsibly deliver major change. HB Reavis’ retrofit strategy for One Waterloo will mean an expected delivery date three and a half years following planning permission. PLP Architecture, the global architecture and urban design practice behind the proposals, has reimagined the existing building to reduce engineering complexity and minimise disruption next to the UK’s second-busiest train station and above Waterloo Station’s critical transport infrastructure that supports 70 million journeys annually. The proposals include: This campus will establish a complementary mix of hotel guests, students, residents, workers and visitors, creating a vibrant and resilient 24/7 destination. Three new pedestrian routes to connect Waterloo Station are central to the plans. Currently, Elizabeth House acts as a barrier between the station and the surrounding area. The proposals would open up the site, introduce a public square and provide new pedestrian routes between York Road, The Curve, Leake Street, the South Bank and Waterloo Station. Revitalising the station frontage, the proposals also feature new shops, restaurants and leisure spaces to create an active streetscape and a welcoming destination to stimulate activity throughout the day and evening. Once complete, One Waterloo is expected to support over 1,000 new jobs in restaurants, hotels, offices, startups, among other sectors. It would secure long-term investment in a strategically important part of Lambeth. Steven Skinner, CEO at HB Reavis Developments, said: “Waterloo is one of the most exciting places in central London. We have spent a long time looking closely at the site and what this part of Lambeth really needs. We are excited to share our ideas for a mixed-use scheme, including new homes, workspaces, shops and places for people to come together that will make this a genuine destination. Our starting point has been the environment and community. By retaining the existing structure rather than demolishing it, we’ll save 100,000 tonnes of carbon, with less noise and disruption for local residents and businesses as a result. But this only works in partnership with the people who already live and work here. That means leaving them better off through long-term jobs supported by the new workspaces, shops and hospitality, and real opportunities for local businesses. Which is why we’re encouraging people to come along to our consultation events and help shape what One Waterloo becomes.” Public consultation is an opportunity for people to learn more about the new proposals and share their views on the future of this important site. Feedback received will help shape the One Waterloo masterplan prior to submission of a planning application. Local residents, businesses, neighbours and visitors are invited to view the proposals, meet the project team and provide their feedback at the following consultation drop-in sessions:   More information can be found on the consultation website: https://onewaterlooconsultation.co.uk/ Building, Design & Construction Magazine | The Choice of Industry Professionals

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Major logistics development site brought to market along Scotland’s strategic M8 corridor

Major logistics development site brought to market along Scotland’s strategic M8 corridor

Global real estate adviser CBRE has been appointed by Castlebrooke to bring Prime4Eight to market, a four-unit industrial and logistics development, totalling 377,200 sq ft, which is strategically positioned along Scotland’s key M8 corridor between Glasgow and Edinburgh.  Prime4Eight has planning consent for four Grade A industrial and logistics units, ranging in size from 77,200 sq ft to 150,300 sq ft, providing occupiers with a rare opportunity to secure high-quality warehouse accommodation in one of the country’s most constrained logistics markets.   Located in the heart of Scotland’s established logistics region, the development benefits from excellent connectivity, with direct access to the M8 via Junctions 4 and 5, providing strong links across Scotland and to the North of England via the M74 and M6.  The surrounding area has become one of Scotland’s most established logistics destinations, with Junction 4 accommodating major occupiers including Aldi, Schuh and GXO across approximately 2.2 million sq ft of warehouse space. Complementing this, the nearby 2 million sq ft Tesco Distribution Centre at Junction 5 further reinforces the strength of the location as a premier distribution hub.  Prime4Eight is uniquely positioned to accommodate both large-scale and big-box occupier requirements and represents one of the only opportunities along the M8 corridor capable of delivering modern warehouse space at scale within relatively short timescales.  At the time of reporting, there is zero grade A stock under construction above 50,000 sq ft across the Central Belt, therefore there is a clear opportunity for Prime4Eight to meet the potential demand in this size range.   The units will be delivered to an institutional-grade specification, providing best-in-class distribution accommodation. The scheme will also incorporate strong ESG credentials, aligning with the evolving sustainability requirements of modern occupiers and investors.   The construction of unit 1, circa 77,200 sq ft, is anticipated to start in Q3 2026 and will be available for occupation from Q3 2027. The remaining units will be available for pre-let discussions and further speculative development may commence following the success of phase one.    Craig Semple, Director at CBRE, said: “Prime4Eight represents one of the most significant industrial and logistics opportunities currently available in Scotland. Schemes that are capable of accommodating large-scale occupiers, while offering immediate access to the M8 and a best-in-class specification, is extremely rare.   “Occupier demand continues to be driven by the need for high-quality, sustainable logistics space in well-connected locations, and Prime4Eight is exceptionally well placed to meet that requirement. With occupation anticipated from next year, and the industrial vacancy rate along the M8 corridor between Glasgow and Edinburgh currently hovering at a record-low of circa 2.5%, we’re looking forward to engaging with occupiers seeking a future-proof solution in one of Scotland’s most established logistics locations.”  A spokesperson for Castlebrooke said: “Prime4Eight has been designed to meet the evolving needs of modern logistics occupiers, combining a strategic location with high-quality, sustainable accommodation in one of Scotland’s most established distribution corridors.  “Bringing the scheme to market marks an important milestone, and we are pleased to be working with CBRE as we introduce this opportunity to occupiers. We are confident that Prime4Eight will attract significant interest from businesses looking for high-quality logistics space that supports their long-term operational and sustainability ambitions.”  Building, Design & Construction Magazine | The Choice of Industry Professionals

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Lendlord Q3 data shows 45.1% of UK buy-to-let is company-owned, rising to 57.6% for large landlords

Lendlord Q3 data shows 45.1% of UK buy-to-let is company-owned, rising to 57.6% for large landlords

Property management and finance platform Lendlord has published Q3 2026 buy-to-let ownership data, showing that 45.1% of UK BTL ownership is company-held, compared with 54.9% held privately. Among landlords with 20 or more properties, company ownership rises to 57.6%. The figures, drawn from Lendlord’s Q3 2026 UK BTL Market Report, show that company ownership is already the majority model among larger portfolios, while smaller landlords remain predominantly private. Key findings from the Q3 2026 data include: ·      45.1% of BTL ownership is through a company; 54.9% is held privately. ·      Among landlords with 1-3 properties, 67.1% of ownership is private. ·      Among landlords with 20 or more properties, 57.6% of ownership is company-held. ·      Company ownership first becomes the larger share in the 11-20 property band. ·      The North East is the most corporate market, at 53.5% company-owned. ·      Company ownership is also the larger share in Yorkshire & Humberside and Scotland. The data points to a clear split in how the market is structured. Private ownership still dominates among smaller landlords. Once portfolios reach 11 properties or more, company structures become the typical vehicle. The same pattern appears geographically, with company ownership more established in the North East, Yorkshire & Humberside and Scotland. The findings form part of Lendlord’s ongoing work to give brokers, landlords and lenders data-led insight into the UK buy-to-let market. Aviram Shahar, co-founder and CEO of Lendlord, said: “Company ownership is no longer a niche structure used only at the very top of the market. 45.1% of BTL ownership is already sitting in a company, and among larger portfolios it is the majority model at 57.6%. “That split matters. Smaller landlords still tend to hold in their own name. Larger landlords, and more of the North, have already moved into companies. Lendlord is the place for landlords to bring portfolio, mortgage and tax data together, stay on top of compliance and manage that shift with confidence.” More information is available at www.lendlord.io and https://lendlord.io/btl-ownership-insights-q3-2026/.   Building, Design & Construction Magazine | The Choice of Industry Professionals

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£67m Finance Deal Backs Landmark 30-Storey Cardiff Build-to-Rent Tower

£67m Finance Deal Backs Landmark 30-Storey Cardiff Build-to-Rent Tower

A £67.2 million financing package has been agreed to support the delivery of Harlech Court, a major 30-storey build-to-rent development currently under construction in Cardiff. Close Brothers Property Finance has provided the facility to Draycott Group for the 340-home residential scheme, which is set to become one of the tallest buildings in Wales and make a significant addition to Cardiff’s evolving skyline. Construction is already progressing on site, with the main tower crane now installed. Intelle Construction is leading delivery as main contractor, while Stephenson RC Frames has been appointed as frame contractor. The development represents Draycott Group’s largest project to date and will provide 340 purpose-built rental homes within a high-rise scheme in the Welsh capital. The substantial funding agreement provides further momentum for the construction programme and demonstrates continued investment in Cardiff’s build-to-rent market as demand for professionally managed rental accommodation grows in major regional cities. Phil Hooper, CEO of Close Brothers Property Finance, said: “Harlech Court is exactly the type of scheme our Structured Finance team was set up to back: a landmark development in an excellent central location in a capital city that continues to see strong demand for quality rental stock.” For Draycott Group, Harlech Court builds on more than four decades of involvement in Cardiff’s residential and commercial property markets. Sajid Ghaffar, CEO of Draycott Group, said: “This is the largest scheme that we have delivered to date and it will transform the Cardiff city skyline. “Cardiff is a market we know extremely well, having been active in residential and commercial property development for over 40 years, and Harlech Court builds on that long-standing track record.” The project adds to the growing pipeline of build-to-rent development across the UK’s regional cities, where larger residential schemes are increasingly combining significant institutional and specialist development finance with high-density construction. With the tower crane now in position and the £67.2 million finance facility secured, construction at Harlech Court is set to gather pace as the 30-storey development begins to take its place on the Cardiff skyline. Building, Design & Construction Magazine | The Choice of Industry Professionals

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SCAPE opens procurement for £8 billion national construction framework

SCAPE opens procurement for £8 billion national construction framework

Public sector procurement specialist SCAPE has published the Tender Notice for its next generation SCAPE Construction Works and Services Framework, covering England, Wales and Northern Ireland. The framework offers a fully compliant, actively managed procurement route for public sector organisations, maximising value through the creation of long-term strategic partnerships. The framework has a total capacity of £8 billion over a four-year period. Fully aligned with the Procurement Act 2023, it is expected to run between 2027 and 2031, with the option of a two-year extension. Following extensive pre-market engagement with public sector bodies, alongside more than 100 organisations from the construction industry, the next generation framework has strategically evolved in response to client and industry feedback and to reflect the changing needs of the public sector. Providing an accelerated route to market, it will support organisations ranging from local authorities and blue light to housing associations and universities to deliver a range of cross-sectoral projects. These include new build, refurbishment, retrofit and long-term programmes of work. The framework’s five lots are designed to deliver on precise client requirements, allowing for the development of enduring strategic partnerships between the public sector and contractors. A competitive selection process will allow clients to ask project-specific questions based on their bespoke needs.  To provide greater choice, the framework will appoint three delivery partners per lot in response to market feedback. The five lots are as follows: The re-procurement builds on the strong performance of the current SCAPE Construction Framework, which has supported over 240 completed projects and 100 live projects. The announcement closely follows the procurement of SCAPE’s £8.5 billion standalone Defence and Complex Environments Framework in August 2026, which was launched following the construction framework’s consultation process. The market engagement indicated strong demand for a dedicated solution focused specifically on defence and complex environments. All 11 of SCAPE’s current frameworks have achieved Gold Standard verification, reflecting its commitment to collaborative working practices, robust governance and continuous improvement that leads to consistent, high-quality outcomes. SCAPE framework delivery partners are actively managed, audited and performance monitored against the framework agreement, driving continuous improvement and providing clients greater confidence in project delivery. Craig Murphy, Director of Frameworks at SCAPE, said: “Informed by extensive market engagement with both contractors and public sector organisations, SCAPE’s Construction Works and Services Framework responds to an evolved legislative environment alongside demand for greater choice and flexibility over delivery partners. “Building on the success of our current framework – which has successfully delivered hundreds of often high-profile public sector projects over the last few years – its next generation successor offers no less than five sector-specific lots designed to meet client requirements. Through an actively managed service, the framework aims to deliver exceptional project outcomes across England, Wales and Northern Ireland.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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