September 18, 2026
Significant Forward funding agreement confirmed for 353,000 sq ft of new industrial space at Eurocentral

Significant Forward funding agreement confirmed for 353,000 sq ft of new industrial space at Eurocentral

Global real estate advisor, CBRE, has secured a forward funding agreement for five prime units at Orchard Park site Global real estate advisor CBRE has brokered a £72 million pre-construction forward funding commitment between a US based investor and Newlands Developments, in association with Tulchan Development, enabling the speculative delivery of much-needed industrial and

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One hundred and thirty-nine new homes delivered in Surrey

One hundred and thirty-nine new homes delivered in Surrey

Thakeham and Abri have completed work at Manorwood, West Horsley, delivering 139 homes designed to reflect the character of the local area.  The new community includes 56 affordable homes and 74 for private sale, comprising bungalows and 2, 3, and 4-bedroom homes. Manorwood is currently 90% sold, with just nine

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Latest Issue
Issue 345 : Oct 2026

September 18, 2026

Significant Forward funding agreement confirmed for 353,000 sq ft of new industrial space at Eurocentral

Significant Forward funding agreement confirmed for 353,000 sq ft of new industrial space at Eurocentral

Global real estate advisor, CBRE, has secured a forward funding agreement for five prime units at Orchard Park site Global real estate advisor CBRE has brokered a £72 million pre-construction forward funding commitment between a US based investor and Newlands Developments, in association with Tulchan Development, enabling the speculative delivery of much-needed industrial and logistics development in Central Scotland. The commitment represents the largest speculative forward funding deal for an industrial and logistics project in Scotland for 30 years. The investment will unlock the speculative delivery of Orchard Park, a 40-acre industrial and logistics development at Eurocentral, Scotland’s flagship logistics hub. The development will deliver 353,000 sq ft of new Grade A accommodation across five units ranging from 42,500 sq ft to 122,500 sq ft, with bespoke design options also available to suit occupier requirements. Development is scheduled to commence on site in Q1 2027 with practical completion targeted for Q2 2028. Occupying a strategic position within the Eurocentral estate, Orchard Park benefits from direct access to the M8 motorway via a dedicated junction, providing connectivity to the national motorway network, while Scotland’s two principal airports are both within a 30-minute drive of the development. Existing occupiers within Eurocentral span the distribution, logistics and office sectors, including DHL and GXO Logistics. The investment decision is underpinned by sustained occupier demand across Scotland’s industrial sector, particularly within the Central Belt and along the M8 corridor, where vacancy rates remain exceptionally low at approximately 2.5%. Bryce Stewart, Senior Director at CBRE and Iain Davidson, Director at Colliers, are the retained letting agents on the scheme. Stephanie Bishop, Development Director at Newlands Developments, commented: “This is a significant milestone for Scotland’s industrial and logistics market and a strong vote of confidence in the sector from one of the world’s leading real estate investors. We are delighted to be investing in Scotland again alongside our Glasgow-based delivery partner, Tulchan Developments. “We believe this investment will attract significant occupiers who require top quality buildings available in the immediate future. It will reinforce Scotland’s position as an increasingly important destination for industrial and logistics investment.” Douglas Steele, Associate Director at CBRE, said: “We are very pleased have brokered a transaction of this scale and significance, bringing a much-needed injection of capital into Scotland’s industrial and logistics sector.” “The deal reflects the growing international recognition of the opportunities within the country’s I&L sector. Orchard Park will be central in building that momentum, delivering high-quality, strategically located space that can help address occupier demand and set a new benchmark for industrial development in Scotland.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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One hundred and thirty-nine new homes delivered in Surrey

One hundred and thirty-nine new homes delivered in Surrey

Thakeham and Abri have completed work at Manorwood, West Horsley, delivering 139 homes designed to reflect the character of the local area.  The new community includes 56 affordable homes and 74 for private sale, comprising bungalows and 2, 3, and 4-bedroom homes. Manorwood is currently 90% sold, with just nine homes still available to buy. The homes feature electric vehicle (EV) charging points, and over 300 solar panels were installed across the site. Manorwood properties achieve an impressive reduction in carbon emissions, averaging 1.5 tonnes of CO2 per year, which is about half the UK average.  In addition, the development has wildlife-friendly features such as bird and bat boxes. Local couple, Lia and Ross, who moved into their first home together recently said that Manorwood offered the right balance of familiarity and fresh beginnings. It felt connected to the surrounding village, with homes that sat comfortably alongside the local architecture and streetscape. “We just fell in love with it,” says Lia. “It was one of those moments where we said, ‘we’ll just have a look’ – and then a couple of weeks later, we were here reserving our first home together.”* Matt O’Halloran, Operations Director at Thakeham said: “Manorwood has delivered 139 quality new homes that fit seamlessly into the existing village, but that offer all the benefits of modern construction.” “We are proud to have provided, in partnership with Abri, a new nursery building for local children, a junior sports hall, and two padel courts, marking this development out from others in the area. The community feel is already growing as people move into Manorwood, and once the final homes have sold, it will only get stronger.” Sally Ingham, Director of Development at Abri said: “Completing all 139 homes at Manorwood is a fantastic milestone. Fifty-six of these are affordable homes, meaning local people who might otherwise have been priced out of the area now have a genuinely affordable place to live. High quality, sustainable homes like these are exactly what we need as we work towards our ambition of building 20,000 homes by 2036.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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