Grainger has reported continued strong demand across its Build to Rent (BTR) portfolio as the UK’s largest listed residential landlord advances a development pipeline that includes its newly approved 425-home Cambridge North Residential Quarter. The FTSE 250 property company’s latest trading update, covering the 11 months to the end of
Biophilic design and plant maintenance specialists Universal Floral have achieved Carbon Neutral Certification in partnership with Carbon Neutral Britain™, demonstrating a genuine commitment to ESG principles and clear alignment with internal sustainability values. Universal Floral works with clients across the world to transform corporate spaces through plant displays, moss walls
The research reveals RTM formations hit record highs in 2025, with 2026 set to see even higher numbers Almost 1,000 groups of leaseholders became RTMs in 2025; a 79% increase in just six years Right to Manage (RTM) company formations have hit an all-time high, according to a new industry
Panattoni has appointed three leading property agencies to market its major Wakefield 500 development, as construction progresses on one of the largest speculative logistics projects currently being delivered in Yorkshire. Knight Frank, Colliers and Commercial Property Partners (CPP) have been selected as letting agents for the development at Wakefield Europort
· Westminster Council has approved the refurbishment and modernisation of Kajima Properties Europe’s 27 Soho Square, a 31,000 sq ft Grade A office building in the heart of Central London. · The approved plans will revitalise the asset through a refurbishment of existing space, improvement of sustainability credentials, accessibility and
Some of the UK’s biggest facilities management and building services contractors have secured positions on a new government framework valued at up to £120 billion, opening the door to a major pipeline of public estate work over the next eight years. The Government Commercial Agency framework, RM6378, is set to
Downing has secured a £249.2 million refinancing package for two major residential towers at its £400 million Square Gardens development in Manchester, marking another significant milestone for one of the city’s largest new living schemes. The financing, provided by Bank of Ireland, covers Acer and The Fernley, the two completed
From budget hotel chains to luxury resorts and large restaurant groups, hospitality venues face some of the most complex operating environments, regulatory obligations, and maintenance requirements. These properties contain a wide variety of spaces, building systems and assets, from bedrooms and event spaces to commercial kitchens, HVAC and water systems,
Karen Carter, public sector director at public procurement specialist Pagabo, has shared her thoughts following the government’s announcement on its intention to review plans for local government reorganisation (LGR) and ensure alignment with its wider plan to rewire the state. Karen said: “This week’s announcement adds another layer of uncertainty for councils that have
LaSalle Investment Management has secured an additional commitment of more than £300 million for a UK local authority investment mandate, taking the strategy to £1 billion and providing further capital for investment across the country’s property market. The expansion represents a significant vote of confidence in UK real estate at
Grainger has reported continued strong demand across its Build to Rent (BTR) portfolio as the UK’s largest listed residential landlord advances a development pipeline that includes its newly approved 425-home Cambridge North Residential Quarter. The FTSE 250 property company’s latest trading update, covering the 11 months to the end of August 2026, showed occupancy remaining above 96%, alongside like-for-like BTR rental growth of 3%. Grainger now owns and manages more than 11,000 rental homes across the UK and remains focused on expanding its purpose-built rental portfolio. A significant development milestone during the period was planning approval for Cambridge North Residential Quarter, which will become Grainger’s first investment in Cambridge. The 425-home scheme is being brought forward on railway land adjacent to Cambridge North station through blocwork, the joint venture between Network Rail property company Platform4 and developer bloc. Grainger is lined up to forward fund the development and, once completed, will operate and manage the new rental homes. The project will provide a mix of one, two and three-bedroom apartments within a new residential neighbourhood designed to take advantage of its highly connected location. The wider proposals include linear parks, pocket gardens, tree-lined streets and active ground-floor uses, with walking, cycling and public transport forming an important part of the development strategy. Franklin Ellis Architects is involved in the design of the Cambridge North Residential Quarter, which forms part of the continuing transformation of land surrounding the station. The Cambridge investment reflects Grainger’s wider strategy of targeting well-connected UK cities where demand for professionally managed rental housing is supported by employment, transport infrastructure and constrained housing supply. Grainger is also progressing another partnership opportunity with Platform4 and blocwork in Nottingham, where a planning application has been submitted for a further 252 BTR homes. Alongside development activity, Grainger is targeting significant earnings growth from its committed BTR pipeline. Chief executive Helen Gordon said the company remains on track to grow earnings by 35% between FY25 and FY29, supported by new Build to Rent developments moving into operation. The company is simultaneously progressing an accelerated disposal programme covering approximately £850 million of non-core assets, while targeting a £300 million to £350 million reduction in net debt by the end of FY29. With high occupancy, continued rental growth and new developments advancing through planning, Grainger’s latest update highlights the growing maturity of the UK BTR sector. Cambridge North is particularly significant, combining institutional investment, residential development and transport-led regeneration to create a substantial new rental community in one of the UK’s strongest regional property markets. Building, Design & Construction Magazine | The Choice of Industry Professionals
Biophilic design and plant maintenance specialists Universal Floral have achieved Carbon Neutral Certification in partnership with Carbon Neutral Britain™, demonstrating a genuine commitment to ESG principles and clear alignment with internal sustainability values. Universal Floral works with clients across the world to transform corporate spaces through plant displays, moss walls and scalable plant-rich living walls. Achieving carbon neutral status for their UK operations was therefore a significant milestone, embedding environmental and sustainability principles into the heart of the organisation by independently measuring carbon emissions and taking steps to reduce environmental impact. With UK businesses accounting for up to 85% of UK greenhouse gas (GHG) emissions, corporate action is essential in helping to stop climate change. In line with international targets, GHG emissions must halve by 2030 and reach net zero by 2050. Between May 2025 and April 2026, Universal Floral offset 25.3 tonnes of CO₂e against 17.5 tonnes, their total carbon footprint. Marie Caffrey, CEO, Universal Floral said: “Partnering with Carbon Neutral Britain™ to measure and offset our carbon emissions in the UK marks an important step on our sustainability journey. “We have gained a clearer understanding of where our emissions come from and where we can make the biggest improvements. For example, it was identified that our main emissions came through indirect carbon emissions (Scope 3), and this for us, was business travel. “We are now taking action to reduce emissions in this area, such as encouraging the team to take public transport or arranging virtual meetings in place of short-haul, domestic flights.” Through the Carbon Neutral Britain™ Woodland Fund™, Universal Floral offset their total carbon emissions through internationally certified carbon offsetting projects chosen for their environmental, humanitarian and ethical impacts: Additionally, Universal Floral have contributed to several UK-based rewilding and restoration initiatives including Haymeadow Restoration and Rewilding, Sea Grass Recovery and Protection and Marston Vale Forest Creation. Caffrey added: “Achieving this certification is a proud milestone for the entire team, particularly as we have been able to offset well over 100% of our total carbon footprint. The national and international projects we are supporting are actively contributing to vital global climate mitigation efforts, from blue carbon restoration to community reforestation and endangered species protection. “Taking direct action to reduce our own emissions while supporting verified, world-class environmental initiatives reinforces our commitment to sustainability and our environmental values. “Moving forwards, we are working towards 2030 and 2050 aligned targets via the globally recognised net-emissions approach, focusing on key emissions hot spots to achieve meaningful reductions.” Building, Design & Construction Magazine | The Choice of Industry Professionals
The research reveals RTM formations hit record highs in 2025, with 2026 set to see even higher numbers Almost 1,000 groups of leaseholders became RTMs in 2025; a 79% increase in just six years Right to Manage (RTM) company formations have hit an all-time high, according to a new industry index. New research by property management firm Placekeeper Management has revealed there were 986 RTMs established in 2025; the highest ever recorded. The trend shows no sign of slowing down either, with 578 RTM companies already formed by the midpoint of 2026, putting the year on track to set yet another record. The findings show a huge disparity between RTM activity and the wider UK housing market, with resident-led management activity continuing to accelerate even as housebuilding and management company formations fall. To track this trend over time, the Altrincham-based property management firm has developed the Placekeeper RTM Index: a figure that compares RTM formation activity with housing completions against the long-term average. The Index rose from 69 in 2019 to 155 in 2025, meaning RTM activity relative to housing completions has more than doubled in six years and now stands 55% above its long-term average. The rise comes despite falls across the wider housing market, where completions fell from 214,290 in 2019 to 170,390 in 2025, representing a drop of around 20%. Management company formations also dropped from a peak of 2,180 in 2018 to 1,543 in 2025, the lowest level since 2013. RTM formations, by contrast, have continued to climb, suggesting that growth in resident-led management is increasingly being driven by factors within the existing housing stock. Trevor Adey, Director at Placekeeper Management, said: “The most striking finding isn’t simply that RTM formations have reached a record high, but that activity continues to accelerate at a time when housebuilding levels and management company formations have fallen. “The data suggests resident-led management is becoming a more significant feature of the UK’s existing housing stock, whether that reflects greater awareness of leaseholder rights, increased scrutiny of service charges, or wider changes in residential governance. “For managing agents, this should be a wake-up call. Standards of transparency, communication and value for money that might once have gone unquestioned are now being scrutinised more closely than ever. Agents who don’t adapt and improve services risk losing the buildings they manage to their own residents.” Placekeeper’s analysis draws on more than fifteen years of Companies House incorporation data and Office for National Statistics’ housing figures, covering RTM company formations, management company formations and UK housebuilding activity between 2010 and 2026. Building, Design & Construction Magazine | The Choice of Industry Professionals
Panattoni has appointed three leading property agencies to market its major Wakefield 500 development, as construction progresses on one of the largest speculative logistics projects currently being delivered in Yorkshire. Knight Frank, Colliers and Commercial Property Partners (CPP) have been selected as letting agents for the development at Wakefield Europort in Castleford, where Panattoni is delivering a 500,000 sq ft cross-docked logistics facility. Panattoni acquired the 23-acre site from Delin Property earlier this year and is developing Wakefield 500 in joint venture with Newport by Panattoni, with the project forming part of the Newport Logistics Fund III investment portfolio. Construction started in June, with the building expected to be ready for occupation in May 2027. The scale of the speculative investment reflects confidence in West Yorkshire’s logistics market at a time when the availability of modern large-format warehouse space remains constrained. Wakefield Europort is already an established distribution destination, with major occupiers including Asda, Royal Mail, Haribo, Warburtons and Menzies. Located close to Junction 31 of the M62, the development provides onward access to the M1 and A1(M), connecting occupiers with markets across Yorkshire, the North, Midlands and wider UK. Rail connectivity provides another important advantage. Wakefield Europort includes a rail freight terminal operated by Maritime, offering businesses an alternative to road-based distribution and supporting the decarbonisation of supply chains. Wakefield 500 is being constructed to a high Grade A specification, with a 15-metre clear internal height, 56 dock doors, eight level-access doors and yard depths of up to 50 metres. The development will also provide 62 HGV spaces, 384 car parking spaces, EV charging infrastructure and a 2.5 MVA power supply. Sustainability forms a major part of Panattoni’s development strategy for the scheme. Wakefield 500 is targeting BREEAM Outstanding, net zero carbon in construction and strong EPC performance. Environmental measures include roof-mounted solar PV, rainwater harvesting, water leak detection and energy sub-metering, alongside extensive natural daylight within the warehouse. Chris Brown, development director at Panattoni, said the building had been designed around the requirements of modern large-scale logistics occupiers, with factors including resilience, labour availability, power, sustainability and access to major consumer markets influencing its specification. The appointment of Knight Frank, Colliers and CPP will now step up the marketing campaign as construction advances. Iain McPhail, logistics and industrial property partner at Knight Frank’s Leeds office, said the project was arriving at a time when the supply of large-format logistics accommodation remained severely restricted across both the UK and West Yorkshire. Rob Whatmuff, director at Colliers, highlighted the combination of road and rail connectivity, workforce availability and modern specification, while CPP director Toby Vernon described Wakefield 500 as one of the most highly anticipated speculative industrial and logistics developments to emerge across the North. With its combination of scale, multimodal connectivity and ambitious environmental standards, Panattoni Wakefield 500 represents a significant addition to Yorkshire’s logistics development pipeline and a major vote of confidence in the region’s long-term industrial property market. Building, Design & Construction Magazine | The Choice of Industry Professionals
· Westminster Council has approved the refurbishment and modernisation of Kajima Properties Europe’s 27 Soho Square, a 31,000 sq ft Grade A office building in the heart of Central London. · The approved plans will revitalise the asset through a refurbishment of existing space, improvement of sustainability credentials, accessibility and façade, and introduction of a restaurant space on ground floor. · The scheme targets BREEAM Excellent and EPC A ratings and prioritises the re-use of existing building elements to minimise environmental impact. Kajima Properties Europe (KPE), the European development, investment and asset management arm of the Nikkei-listed Kajima Corporation, has secured planning consent from Westminster City Council for the refurbishment of 27 Soho Square, a 31,000 sq ft Grade A office building located on one of central London’s most famous and historic squares. Designed by Gibson Thornley, the approved plans will upgrade the existing office space, modernise building systems, design and sustainability infrastructure to target BREEAM Excellent and EPC A ratings. New features will include outdoor private terraces on 4th and 5th floors, ground floor and part basement commercial space, improved façade and street-level aesthetic, and enhanced streetscape activation through lightwells, railings and planters. There will also be creation of new occupier amenities including showers, changing areas and bike storage. 27 Soho Square is situated within the Soho Conservation Area and benefits from unrivalled transport connectivity, including proximity to the Elizabeth Line at Tottenham Court Road station. The asset forms part of KPE’s value-add workspace strategy to invest into dynamic London sub-market opportunities supported by robust occupational demand drivers. The planning approval for 27 Soho Square builds on KPE’s growing London workspace portfolio. The firm is advancing design plans for its 1 St John’s Square workspace project in Farringdon, working alongside Carter Gregson Gray architects. Acquired in November 2025, the scheme is expected to be submitted planning later this year. KPE also recently strengthened its workspace development team with the appointment of Ian Patillo, who joins as Senior Development Manager from Landsec. Tim James, Investment Director, said: “As occupier demands intensify, the refurbishment of 27 Soho Square will reposition the building as a high quality, highly desirable workspace in one of Central London’s most sought-after locations. The refurbishment will significantly enhance the occupier experience, address the building’s limitations and strengthen its connection to the character and vitality of Soho. This announcement represents an important step delivering our London value-add workspace strategy and creating a best-in-class asset with enduring occupier appeal.” Project Team: Building, Design & Construction Magazine | The Choice of Industry Professionals
Some of the UK’s biggest facilities management and building services contractors have secured positions on a new government framework valued at up to £120 billion, opening the door to a major pipeline of public estate work over the next eight years. The Government Commercial Agency framework, RM6378, is set to become a recommended procurement route for facilities management services across central government. It will also be available to local authorities, NHS organisations, police forces, fire and rescue services, education bodies and devolved administrations. Competition for the largest Total Facilities Management contracts has attracted many of the sector’s leading names. Eighteen businesses have been appointed to the highest-value lot, covering individual contracts worth more than £15 million annually. The successful firms include Amey, CBRE, Compass, Dalkia, Equans, G4S Facilities Management, ISS, JLL, Kier, Mitie, OCS, Robertson Facilities Management, Serco, Skanska, Sodexo, Vinci Facilities, Vivo Defence Services and Wates. For the construction and built environment industry, the framework also represents a substantial opportunity for contractors delivering hard FM, engineering, maintenance and asset management services across the public estate. Forty businesses have secured positions on the major Hard FM lot for contracts valued above £2 million per year. Among those appointed are Amey, BAM FM, CBRE, Dalkia, Equans, Galliford Try, Graham Asset Management, Kier, Mears, Mitie, NG Bailey, OCS, Robertson, Serco, Skanska, Vinci Facilities, Vivo and Wates. The framework has been structured to accommodate public sector estates and contracts of significantly different scales. Total FM is divided into three bands covering contracts worth up to £2 million annually, between £2 million and £15 million, and more than £15 million. Hard FM is split between contracts below and above £2 million a year. A core group of contractors has achieved particularly strong coverage across the framework. Fifteen firms secured places across all five Total FM and Hard FM lots: Amey, CBRE, Equans, ISS, JLL, Kier, Mitie, OCS, Robertson, Serco, Skanska, Sodexo, Vinci Facilities, Vivo Defence Services and Wates Property Services. A further group, including BAM FM, Dalkia Facilities, Galliford Try Facilities Management, Graham Asset Management and Mears FM, secured positions across four lots. The scale and duration of the framework make it an important development for the management and maintenance of the UK’s public buildings and infrastructure. Alongside day-to-day FM provision, major hard services contracts can encompass the engineering, maintenance and long-term performance of complex property portfolios. With public bodies continuing to face pressure to improve building efficiency, modernise ageing estates and manage assets more effectively, the framework provides a long-term procurement platform through which significant programmes of FM and building services work can be commissioned. The agreement is scheduled to operate for eight years, running through to August 2034, giving successful contractors access to what could become one of the most significant public sector facilities management pipelines in the UK. Main Total FM and Hard FM winners Building, Design & Construction Magazine | The Choice of Industry Professionals
Downing has secured a £249.2 million refinancing package for two major residential towers at its £400 million Square Gardens development in Manchester, marking another significant milestone for one of the city’s largest new living schemes. The financing, provided by Bank of Ireland, covers Acer and The Fernley, the two completed co-living buildings within the wider Square Gardens development in Manchester’s First Street district. Together, the buildings provide a major concentration of new rental accommodation, with the 25-storey Acer and 45-storey Fernley forming the first two phases of the development. Both buildings are now operational, demonstrating the scale of demand for professionally managed, amenity-led rental accommodation in Manchester. Designed by Manchester-based SimpsonHaugh Architects, Square Gardens represents a substantial addition to the city’s evolving residential landscape. The wider £400 million development has been conceived as a new urban neighbourhood combining high-density living with extensive shared amenities, landscaped spaces and public realm. Residents have access to facilities including a gym and wellness centre, co-working and meeting areas, social lounges, private dining spaces and extensive landscaped gardens and terraces. Sustainability has also formed an important part of the development, with measures including air source heat pumps, while the scheme has targeted BREEAM Excellent and EPC A ratings. The refinancing represents an important financial milestone following the completion and occupation of the two buildings. Savills Capital Advisors advised Downing on the transaction. Bay Downing, joint chief executive of Downing, described the deal as a landmark transaction for the business, highlighting the strength of the company’s portfolio and growing opportunities across the living sector. The deal is also significant for the wider UK residential market. Large-scale co-living and Build to Rent developments are becoming an increasingly established component of regeneration in major regional cities, combining new housing supply with extensive shared facilities and professionally managed environments. Square Gardens has been created using Downing’s vertically integrated approach, with development, construction and ongoing management delivered by the business. This has enabled the company to take the scheme from construction through to operation within the wider group. With Acer and The Fernley now completed and backed by £249.2 million of refinancing, Square Gardens is moving firmly from major construction project to established residential destination, reinforcing Manchester’s position as one of the UK’s leading markets for large-scale rental and co-living development. Building, Design & Construction Magazine | The Choice of Industry Professionals
From budget hotel chains to luxury resorts and large restaurant groups, hospitality venues face some of the most complex operating environments, regulatory obligations, and maintenance requirements. These properties contain a wide variety of spaces, building systems and assets, from bedrooms and event spaces to commercial kitchens, HVAC and water systems, lifts and leisure facilities. Maintenance is therefore critical not only to compliance and long-term asset value but also to guest satisfaction and brand reputation, meaning there is little room for disruption or error, especially during periods of peak occupancy. Matt Voyle, Senior Account Executive at SFG20, the industry standard for hotel facilities management, has shared the key challenges facing hotels and hospitality venues today and why a structured approach to planned maintenance is essential for FM teams operating across the sector. A significant water-safety risk in hotels and hospitality venues is Legionella. When guest rooms, outlets, or sections of a water system are used infrequently, water can stagnate and create conditions favourable to bacterial growth. Seasonal properties and temporarily closed wings therefore require particular attention. Control should be based on a suitable risk assessment and managed by someone with the appropriate knowledge and training. Depending on the systems and the findings of the assessment, measures may include temperature control, regular flushing of infrequently used outlets, inspection, cleaning and descaling, and documented checks. FM teams can strengthen control by maintaining reliable information about their water systems and implementing a risk-assessment-led maintenance regime. Appropriate monitoring technology may support this approach, but it does not replace the required assessment, controls, and documented checks. Unlike offices or retail environments, where lower-occupancy periods allow planned maintenance to take place with minimal disruption, hotel and hospitality venues have to accommodate guests day and night. Hotels, as well as cafes and restaurants, have very small downtime windows, giving little time for anything other than routine checks. This means small issues can go unnoticed, potentially developing into larger problems further down the line. Maintenance planning must therefore avoid a one-size-fits-all approach and instead be precise and structured around the operational realities of each property rather than being generically applied across the estate. The condition and performance of hotel and hospitality buildings is highly visible to guests, meaning there’s zero room for failure. Issues with HVAC, hot water, lifts, lighting, plumbing or other facilities can quickly lead to complaints, negative reviews and lost return business. Common issues include water temperature problems, noise complaints, humidity, kitchen extract failures, false fire alarms and out-of-service lifts, which can all impact accessibility and guest satisfaction. For hotel management companies overseeing maintenance across multiple properties, consistent FM performance is essential for meeting brand standards, supporting owner and operator reporting and protecting the long-term value of assets. Large hotel and hospitality operators often manage estates spanning properties of different ages, formats, historic importance and building types, each with their own asset profiles and maintenance histories. This creates additional complexity for FM teams, particularly when managing heritage properties that may be subject to planning or conservation constraints alongside independently branded and franchised sites with different standards and owner expectations. Without a common maintenance baseline, standards can vary and compliance gaps can emerge, while inconsistencies become increasingly costly to resolve as portfolios grow. Holiday parks and resorts present a particularly complex FM environment, combining different accommodation types such as lodges, holiday homes, cottages, and apartments with commercial kitchens, dining areas, pools, gyms, entertainment facilities, and outdoor amenities. The diversity of these building types, as well as asset ages and infrastructure, combined with seasonal demand, makes it difficult for FM teams to apply a generic maintenance approach. This becomes even more complex when it comes to all-inclusive resorts, where guests have limited alternatives to facilities on site. Matt Voyle adds: “With maintenance varying from property to property, having a trusted framework for planned maintenance, organisations and venues can create a more consistent and structured approach. For hotels and hospitality organisations, that means identifying applicable maintenance tasks and recommended frequencies, distinguishing statutory requirements from industry best practice, and documenting where site-specific tailoring is needed. Hospitality estates vary widely. A strong approach combines a consistent baseline with controlled, evidence-based tailoring, creating a maintenance regime that is practical, auditable and commercially workable Download SFG20’s free e-guide, How Hotels and Hospitality FM Teams Can Improve Compliance, Control Costs and Run More Efficiently, for practical guidance on reviewing and strengthening your maintenance approach.” Building, Design & Construction Magazine | The Choice of Industry Professionals
Karen Carter, public sector director at public procurement specialist Pagabo, has shared her thoughts following the government’s announcement on its intention to review plans for local government reorganisation (LGR) and ensure alignment with its wider plan to rewire the state. Karen said: “This week’s announcement adds another layer of uncertainty for councils that have already spent months planning for reorganisation. Four areas have had their plans withdrawn, another 14 are paused pending review, and the 2027 elections will now be fought on existing boundaries. “For the teams involved, that’s a lot more work suddenly required without a clear landing point. But the fundamentals haven’t changed. Schools still need building, homes still need delivering, and estates still need maintaining. None of that waits for a structural decision in Whitehall. The risk in moments like this is that authorities press pause on everything, not just reorganisation, and lose a year of delivery to a decision that isn’t theirs to make. It’s vital that local authorities remember that successful transition will depend not only on the governance design, but on collective leadership and the ability to maintain shared action while navigating the road ahead. “Our advice remains the same as prior to this latest government announcement. That is to keep statutory service delivery moving and focus on decisions that will be unaffected by reorganisation. This means procuring through compliant, flexible routes that transfer cleanly to whatever structure eventually emerges. Similarly, ensure contract, asset and supplier data is in order because that is the groundwork every future authority will need regardless of how new boundaries are formed. Finally, keep the relationships with your supply chain warm so that you can move quickly when clarity comes. “Uncertainty is not the same as standstill. The authorities that come through this best will be the ones that use the pause to get their house in order – rather than waiting to be told what shape they’ll be.” For more information and guidance, check out Navigating Local Government Reorganisation – which was recently published by Pagabo. Building, Design & Construction Magazine | The Choice of Industry Professionals
LaSalle Investment Management has secured an additional commitment of more than £300 million for a UK local authority investment mandate, taking the strategy to £1 billion and providing further capital for investment across the country’s property market. The expansion represents a significant vote of confidence in UK real estate at a time when institutional investors are increasingly focused on assets capable of delivering resilient, long-term income alongside strong environmental and social performance. The mandate is being led at LaSalle by Sophie Simmonds and Philip La Pierre, with the additional capital significantly increasing the scale of the investment programme. For the UK built environment, the commitment has the potential to support further investment across property sectors where long-term institutional capital can play an important role in development, regeneration and the improvement of existing assets. Residential property, including Build to Rent (BTR), remains one of the areas attracting significant institutional attention as investors look towards professionally managed housing and other living sectors as part of diversified real estate strategies. The increase in LaSalle’s mandate to £1 billion also comes against a backdrop of continued change across the UK property investment market. Investors are increasingly assessing buildings not simply on location and rental performance, but on energy efficiency, operational performance, sustainability and their ability to meet changing occupier requirements. This creates opportunities throughout the construction and property supply chain. Institutional investment into new and existing assets can support development, refurbishment, retrofit, building services upgrades and improvements to public realm, while also creating longer-term requirements for asset and facilities management. LaSalle is one of the world’s major real estate investment managers, operating across a broad range of property sectors and investment strategies. The latest commitment provides the business with substantially greater capacity to pursue UK opportunities on behalf of its local authority mandate. With more than £300 million of additional capital now committed and the mandate reaching the £1 billion mark, the move demonstrates the continuing importance of large institutional investors to the future of the UK property market. For developers and the wider construction sector, the deployment of that capital will now be closely watched, particularly as investment opportunities emerge across residential and BTR, regeneration and other areas of the built environment. Building, Design & Construction Magazine | The Choice of Industry Professionals