Leading property management agent Rendall & Rittner has strengthened its new client service offering, appointing Amaly Hind as New Business and Mobilisation Manager, expanding its team and capacity. With 15 years of experience working in property management, Amaly will support Rendall & Rittner as it continues to expand its growing
Local contractor, Hobson and Porter have been appointed to restore and preserve the last remaining WW2 civilian ruin in the UK, National Picture Theatre on Beverley Road. Thanks to funding from Hull City Council and The National Lottery Heritage Fund, the façade will be restored to its former period style,
J3 Advisory, a prominent latent defects insurance and structured property finance advisory firm, was recently instructed by Dominus to source and place insurance for their latest development in Holborn that is situated within close proximity of London universities including LSE, Kings College London and Queen Mary University of London. 61-65
Manchester Airports Group (MAG) raised £300m in the UK capital markets yesterday, through a new 18-year bond. The Group – which owns Manchester, London Stansted and East Midlands Airports – secured the bond at a competitive rate of 5.75%. It was supported by a number of UK and international institutional
Investment into existing and new and branches drives further growth M.K.M Building Supplies Limited, the UK’s largest independent builders’ merchant, is pleased to announce full year results for the period ended 30 September 2023. Highlights: Kate Tinsley, CEO of MKM Building Supplies, said: “2023 was another solid year for the
Marshalls has launched Modal X™, a lower-cost, lower-carbon alternative to granite paving, offering high durability, design flexibility and straightforward installation. Building on the company’s popular Modal collection, which launched in 2020, the new Modal X features eight colourways, smooth and textured finishes, fifteen plan sizes and five depths, including three
Agreement with BBVS leaves SCS only joint HS2 venture without union access agreement An agreement to allow trade union access to the HS2 Old Oak Common construction site has been signed yesterday (Tuesday 23 April) between joint venture company Balfour Beatty, Vinca, SYSTRA (BBVS) and Unite. The agreement secures the
Norway’s sovereign wealth fund, Norges, is poised to acquire a significant share in Meadowhall, a key shopping centre in Sheffield, enhancing its position in the UK retail sector. Norges is nearing a deal to buy out British Land’s 50% stake in the centre for around £363 million. This strategic acquisition
Flagship Group has submitted an outline planning application to regenerate a 1,100-home development in Norfolk. The project, centered around the Abbey in Thetford, aims to address housing needs while enhancing energy efficiency and community well-being. The plan involves constructing between 320 and 500 additional homes, retrofitting existing ones, and replacing
Causeway Coast and Glens Borough Council is proud to announce a landmark agreement that will see some £100m invested in the Borough over the next 10 years. With anticipated Growth Deal funding of £36m from UK Government and the same from the NI Executive, alongside other partner contributions, this deal
Leading property management agent Rendall & Rittner has strengthened its new client service offering, appointing Amaly Hind as New Business and Mobilisation Manager, expanding its team and capacity. With 15 years of experience working in property management, Amaly will support Rendall & Rittner as it continues to expand its growing portfolio. Having started her career at Rendall & Rittner in 2009, Amaly helped establish Rendall & Rittner’s North division, before expanding her knowledge at other firms across the Greater Manchester area. Working for a high-end residential retirement developer, Amaly was responsible for overseeing the company’s portfolio in the Midlands and North, developing an interest in the mobilisation of new schemes. In 2020, Amaly returned to Rendall & Rittner, where she has been managing significant changes to health and safety processes in line with the evolving Building Safety Act legislation. As New Business and Mobilisation Manager, Amaly is responsible for overseeing the acquisition and onboarding of new clients, before handing them over to Rendall & Rittner’s property teams for ongoing management. Amaly’s previous experience in mobilisations, and more recently in understanding new requirements under the Building Safety Act, will allow her to deliver a smooth experience for new clients and developments. Amaly said: “Through my role as New Business and Mobilisation Manager, I am looking forward to applying my existing knowledge of property management in new ways. Over the past 15 years, I have gained an in-depth knowledge of a range of different elements that affect the ongoing management of developments and am keen to use this to ensure that our onboarding and handover processes are as smooth and comprehensive as possible.” Richard Daver, Group CEO at Rendall & Rittner comments: “Through her previous roles, Amaly has repeatedly proven her ability to deliver exceptional results and her experience across the industry will make her a key asset in expanding the capabilities of our New Business and Mobilisation team. Introducing new clients to everything we can offer at Rendall & Rittner, Amaly will be important in helping us grow our business across the UK, whilst also continuing to deliver an unrivalled residential property management service.” For further information please visit: www.rendallandrittner.co.uk Building, Design & Construction Magazine | The Choice of Industry Professionals
Local contractor, Hobson and Porter have been appointed to restore and preserve the last remaining WW2 civilian ruin in the UK, National Picture Theatre on Beverley Road. Thanks to funding from Hull City Council and The National Lottery Heritage Fund, the façade will be restored to its former period style, including its iconic windows and signage. Structural elements, including the two large concrete beams, which saved the lives of the 150 people inside the theatre on the night it was bombed, will also be preserved. Set to become a flexible space for community events and education, it will also become a place of reflection for the 1,200 Hull civilians that died during WW2. Hobson and Porter have delivered other heritage projects within the city and work on this historical site will get underway in the coming weeks. Gillian Osgerby, Programme Director at Hull City Council, said: “It is great to reach this key milestone in restoring this iconic site and tell its remarkable story. It’s a reminder of how civilians on the home front were affected by the Blitz. “After London, Hull was the UK’s most bombed city during World War 2 and thanks to National Lottery players, we can now remember and recognise the sacrifice that was made.” The former National Picture Theatre was designed by architects Runton and Barry for the De-Luxe Theatre Company and was constructed in 1914. The building was badly damaged during a Luftwaffe air raid on 18 March 1941, although none of the 150 people inside the cinema at the time were killed or seriously injured. The former National Picture Theatre gained Grade II listed status in 2007 due to its significance as a rare surviving bomb-damaged building from the Blitz of the Second World War. Air raids on Hull went on longer than on any other British city and, out of Hull’s 91,660 houses, only 5,945 survived the air raids undamaged. Remedial work to stabilise the building took place in 2020 and now the major works are scheduled to begin in the coming weeks. It is expected to be complete in the autumn. Building, Design & Construction Magazine | The Choice of Industry Professionals
J3 Advisory, a prominent latent defects insurance and structured property finance advisory firm, was recently instructed by Dominus to source and place insurance for their latest development in Holborn that is situated within close proximity of London universities including LSE, Kings College London and Queen Mary University of London. 61-65 Holborn Viaduct, a student accommodation development designed by Stiff + Trevillion Architects and Jonathan Cook Landscape Architects is set to address the pressing need for student housing in Central London. Nestled beside the historic Holborn Viaduct and involving complex tunnelling systems, the project was incredibly challenging to insure due to its intricate design. J3 senior advisor, Matthew Blackhall recognised early on that traditional insurance approaches which often rely on finalised designs, would cause delays. He was able to negotiate arrangements with a provider that allowed for technical audits on site for initial sign off purposes before the insurance placement to ensure the development was being inspected by the insurer. Industry-leading engineering consultants, Bureau Veritas were engaged on behalf of the LDI provider, Build-Zone for the inspection process – This ensured uninterrupted construction progress, effectively mitigating risks and preserving valuable time. Developers that take a long-term position in the PBSA space are increasingly looking to LDI as a means to not only protect against structural defects but also safeguard their income streams and enhance asset marketability – the standout feature being the inclusion of loss of rent coverage, offering income protection for up to three years from practical completion. This provision provides invaluable peace of mind, ensuring continuity of revenue even in the event of unforeseen setbacks. Upon receiving relevant sign off from the technical team and the insurer, the resulting latent defects insurance policy sourced by J3 advisory was A-rated, on full sum insured basis and included loss-of-rent. Matthew Blackhall commented: “It was a pleasure working with Richard and the team at Dominus on a project that promises to leave a lasting imprint on London’s cityscape. Their proactive approach in securing latent defects insurance adds another layer of confidence to the development’s longevity and success, reflecting their commitment to excellence and foresight in mitigating potential risks.” Lee Saywack, Executive Director at Dominus commented: “Our plans for the scheme in Holborn are now progressing at pace, and this appointment means we are a step closer to delivering much-needed new student accommodation. I am grateful for J3’s support to help us realise our vision of creating a thriving new neighbourhood in the heart of the City.” Building, Design & Construction Magazine | The Choice of Industry Professionals
Manchester Airports Group (MAG) raised £300m in the UK capital markets yesterday, through a new 18-year bond. The Group – which owns Manchester, London Stansted and East Midlands Airports – secured the bond at a competitive rate of 5.75%. It was supported by a number of UK and international institutional investors. Proceeds from the bond will support MAG’s significant investment plans – including the completion of the Manchester Airport Transformation Programme by 2025 and plans to extend the terminal building at London Stansted Airport. MAG mandated Barclays, CIBC, HSBC, NAB and NatWest as book runners on the new bond. Linklaters acted for MAG, with Allen & Overy acting for the bookrunners. This transaction is MAG’s second bond issuance in the last 12 months, having raised £360m from the market in September 2023. MAG Chief Financial Officer, Jan Bramall said: “We are pleased that our investment partners continue to show confidence in MAG and our plans to invest in our airports. “By supporting this bond, we can focus on delivering the infrastructure transformation which will improve the airport experience for our passengers and allow us to achieve our long-term growth targets.” Building, Design & Construction Magazine | The Choice of Industry Professionals
Investment into existing and new and branches drives further growth M.K.M Building Supplies Limited, the UK’s largest independent builders’ merchant, is pleased to announce full year results for the period ended 30 September 2023. Highlights: Kate Tinsley, CEO of MKM Building Supplies, said: “2023 was another solid year for the business. We saw MKM continue to outperform, against what was a more challenging market than recent prior years. This performance was driven by our strategic focus on new branch openings, investing in existing branches, ensuring product availability, a motivated team and our continued commitment to local communities and service.While we have grown into a national business, we have always kept to our roots, which is to work with local Branch Directors, meeting local needs and customer service at the individual branch level. We do this by incentivising local management and staff and by giving each branch significant autonomy. The result is that we have stronger relationships with our customer base, ensuring their repeat business and, through reputation, grow our market share.” Building, Design & Construction Magazine | The Choice of Industry Professionals
Marshalls has launched Modal X™, a lower-cost, lower-carbon alternative to granite paving, offering high durability, design flexibility and straightforward installation. Building on the company’s popular Modal collection, which launched in 2020, the new Modal X features eight colourways, smooth and textured finishes, fifteen plan sizes and five depths, including three complementary sett sizes with a textured riven surface. Additionally, Marshalls’ market-leading Priora® paving is incorporated into the range, providing permeable options. The breadth of the Modal X range gives landscapers and their customers flexibility when developing mixed-use spaces including pedestrianised zones and high traffic areas. Different paving formats, such as modern linear units, help customers delineate spaces. At the same time, smaller elements can be used for finer detailing and edging, creating character and unique design elements. Likewise, Modal X offers a broad palette of warm, neutral and complementary colours, including a captivating pink granite, silver grey and light cream granite. This enables landscapers to create a contemporary finish that is aesthetically pleasing and hard-wearing. Modal X is crafted using Marshalls’ MaxiMix® Technology. This innovative technology produces an inseparable bonded layer, ensuring colour permanence and robust protection against the elements. Further, the patented surface technology creates a superior blend of aggregates and binders, resulting in an exceptionally durable, resilient paver, which is highly resistant to UV fading. Modal X is also ideal for budget-focused projects as it can be laid on a flexible, unbound bed requiring lower-priced materials, reduced installation time, and in turn, the labour costs, versus granite options. “While budgets are tightening, customers still want clever, creative and beautiful spaces,” said Tom Foster, Trading Director at Marshalls. “Our new Modal X range gives landscapers true design flexibility with hundreds of options and combinations, plus ease of installation and help towardreduced labour costs.” Modal X is the first new product range to be produced by the company’s innovative dual block plant in St Ives, Cambridge, which brings significant advantages in sustainability, lead times and bespoke ordering. “Our new dual block site delivers nearly double the output of a single plant, which is hugely beneficial to customers,” said Simon Magleave, Group Manufacturing Director at Marshalls. “As well as allowing us to cater for large-scale projects quickly, we can use the plant for smaller, morebespoke runs of made-to-order Modal X options with just-in-time delivery. “The dual block plant is partly powered by renewable energy sources, including solar array, plus a new state-of-the-art curing system which reduces carbon impact and speeds up drying times. We’ve also decreased the volume of water and cement used in the production.” For more details on Modal X, visit marshalls.co.uk/modal-x Building, Design & Construction Magazine | The Choice of Industry Professionals
Agreement with BBVS leaves SCS only joint HS2 venture without union access agreement An agreement to allow trade union access to the HS2 Old Oak Common construction site has been signed yesterday (Tuesday 23 April) between joint venture company Balfour Beatty, Vinca, SYSTRA (BBVS) and Unite. The agreement secures the right of Unite representatives to visit the project’s inductions. It also allows Unite representatives access to rest facilities to talk to all the workers on the site during their breaks, in order to deal with any concerns or worries they may have. It was signed after a ‘relentless’ two-year campaign by Unite, which included regular demonstrations, leafletting workers and resolving their concerns. Unite general secretary Sharon Graham said: “This agreement is the culmination of two years of relentless campaigning by Unite to gain formal access to the Old Oak Common site. Construction workers can now speak directly to Unite about all employment and safety concerns. “Unite is now in a stronger position to help defend and improve jobs, pay and conditions for HS2 workers at Old Oak Common.” Unite now has site access agreements with four out of five of the joint venture companies working on HS2: BBVS, Align, EKFB and Mace/Dragados. The only joint venture company to remain without a site access agreement is Skanska, Costain, Strabag (SCS), which is responsible for the project’s London tunnels. Unite regional officer Declan Murphy said: “Agreeing trade union site access should be a matter of course for all construction contractors. But the successful campaign to achieve the agreement with BBVS shows that Unite will overcome any obstacle put in its way to ensure workers are not denied union access. Unite will now be turning its complete attention to securing a site access agreement for SCS workers.” Building, Design & Construction Magazine | The Choice of Industry Professionals
Norway’s sovereign wealth fund, Norges, is poised to acquire a significant share in Meadowhall, a key shopping centre in Sheffield, enhancing its position in the UK retail sector. Norges is nearing a deal to buy out British Land’s 50% stake in the centre for around £363 million. This strategic acquisition would place the total valuation of Meadowhall at approximately £725 million and is expected to yield a return of 7-8%. The move is seen as a strong indication of Norges’ confidence in the resilience and future profitability of top-tier retail locations across the UK. The discussions, which are in their final stages, were triggered by British Land’s decision last September to sell its share. Although a partnership continuation with British Land seems the most likely outcome, Norges is also considering other potential buyers. Under the proposed terms of the deal, British Land would maintain its role in managing the daily operations at Meadowhall, under the leadership of CEO Simon Carter. The shopping centre is home to a host of major retailers including Marks & Spencer, Zara, and Primark, adding to its appeal. This isn’t Norges’ first venture in UK property; its portfolio includes substantial stakes in London’s West End, notably a 25% interest in Regent Street managed by The Crown Estate, and a 23.5% ownership in Covent Garden through Shaftesbury Capital. Furthermore, it shares ownership of the West One shopping centre with British Land. Meadowhall has a storied history, developed on the site of a former steelworks by Yorkshire entrepreneurs Eddie Healey and Paul Sykes, and was sold to British Land in 1999 for £1.2 billion. Despite the challenges faced by the UK retail sector due to the rise of e-commerce and high business rates, Norges’ latest investment is seen as a testament to the enduring appeal of prime retail spaces. Building, Design & Construction Magazine | The Choice of Industry Professionals
Flagship Group has submitted an outline planning application to regenerate a 1,100-home development in Norfolk. The project, centered around the Abbey in Thetford, aims to address housing needs while enhancing energy efficiency and community well-being. The plan involves constructing between 320 and 500 additional homes, retrofitting existing ones, and replacing others. These new homes will be built to higher energy-efficient standards, reflecting Flagship’s commitment to sustainable development. According to Peter Hawes, Chair of Flagship, the project marks an important milestone for the Abbey and the Thetford community. Hawes emphasized the extensive consultation process with local residents over the past five years, ensuring their voices are heard in shaping the project. While the plans are in the early stages, Hawes emphasized the importance of phased delivery and continued community engagement. Each phase will undergo detailed design informed by further consultation with residents. To support the community throughout the project, Flagship plans to fund an independent advisor for tenants and leaseholders. This advisor will act as a resource, ensuring the interests of all residents are represented. In addition to the housing regeneration, Flagship has launched a biodiversity plan aimed at transforming outdoor spaces by 2030. This initiative includes measures to encourage wildlife, reduce the use of harmful chemicals, and enhance green spaces for community enjoyment. David McQuade, Chief Executive of Flagship, stressed the association’s responsibility for tenant well-being and environmental stewardship. He highlighted the urgency of addressing climate change and biodiversity loss, reaffirming Flagship’s commitment to sustainable land management and community welfare. Building, Design & Construction Magazine | The Choice of Industry Professionals
Causeway Coast and Glens Borough Council is proud to announce a landmark agreement that will see some £100m invested in the Borough over the next 10 years. With anticipated Growth Deal funding of £36m from UK Government and the same from the NI Executive, alongside other partner contributions, this deal is set to shape the future trajectory of the region. The formal signing of the Growth Deal, Heads of Terms agreement, represents a significant milestone in advancing the economy of the Causeway Coast and Glens Borough. The official launch took place at Ulster University’s Coleraine Campus this morning and brought together influential leaders, dignitaries, and stakeholders to celebrate collaborative efforts towards sustainable growth and development. Notable attendees included the First Minister, deputy First Minister of Northern Ireland, the Parliamentary Under-Secretary of State for Northern Ireland and the Finance Minister underscoring the importance of this moment for our community. The Mayor of Causeway Coast and Glens Borough Council, Councillor Steven Callaghan noted the importance of the investment for the future prosperity of the Borough and its citizens. He stated: “Today’s event is the culmination of an enormous collective effort which began all the way back in 2019. Many institutions and individuals have contributed towards the development of a package of projects which represents the single largest Government investment in the Causeway Coast and Glens region. “This Growth Deal also demonstrates Council’s commitment to collaborative working. Through a programme of regeneration, we aim to transform our tourism offering and address some of our infrastructural challenges. Our Deal’s innovative projects will bring new industry to our Borough, providing high-skilled, high-paid employment opportunities for our young people. “This is just the beginning of our journey, and I would like to personally thank all of our delivery and funding partners for helping us get to this stage.” First Minister, Michelle O’Neill MLA said it was a great opportunity to showcase the City and Growth Deals initiative. She added: “This is one of four deals covering the whole of the north with £1.3 billion capital investment over the next 10-20 years. Our four City and Growth Deals have the potential to increase the number of good jobs, promote regional balance and raise productivity which is the driver of improving living standards. “The deals are helping to create a more dynamic and competitive economy here. Importantly, the deals will have a positive impact on the quality of life for so many including our young people, our businesses, and the many visitors who flock to the Causeway Coast and Glens.” Deputy First Minister, Emma Little-Pengelly MLA reaffirmed the Executive’s support for the City and Growth Deals initiative. She said: “The projects that will be delivered through this deal will help improve infrastructure, create employment opportunities and upskill the local labour force. “The increase in key transport links will also attract more visitors to this beautiful area, creating even more opportunities for economic activity and further positioning Causeway Coast and Glens as a ‘go to’ area for business and tourism. “This multi-million pound investment is a great example of government, business and academia working together to tackle issues and make a real difference.” Lord Caine, Parliamentary Under Secretary of State for Northern Ireland said he was honoured to sign the Heads of Terms document, adding: “This Deal has the potential to provide further economic benefit, innovation and more employment for this fantastic region. I hope it can take us one step further to Northern Ireland being the best place in the world to invest. “The UK Government is committed to ensuring this area thrives, which is why we are investing £36 million to support projects which build on the region’s digital and innovation capabilities. “This will see projects such as the Centre for Food and Drug Discovery at Ulster University in Coleraine, the Business Innovation and Incubation Hub at Atlantic Link and the Innovation Hub at North West Regional College all benefit from this investment and bring exciting economic opportunities to the region and Northern Ireland as a whole.” Minister of Finance, Dr Caoimhe Archibald MLA described the signing of the Heads of Terms document as “a significant milestone”, adding: “Growing up in Coleraine, and now calling the area home, I know the positive impact this funding will have. The substantial injection of £100million into the Causeway Coast and Glens region is a game-changer for the area. “The exciting and transformative projects that make up the Growth Deal will shape infrastructure, create job opportunities and further increase the skills base. The Causeway Coast and Glens Growth Deal will produce a legacy for generations to come from Cushendall in the east right across the Borough to Dungiven in the west, the benefits will be felt right across the region.” Today’s momentous gathering at Ulster University’s Coleraine Campus provided a platform for those attending to hear how our region will be transformed by this investment and highlighted the collective vision for a vibrant and prosperous Causeway Coast and Glens Borough. Attendees had the opportunity to engage with key stakeholders, contribute to discussions shaping the region’s future, and witness firsthand the signing of this historic agreement. Professor Paul Bartholomew, Vice-Chancellor, Ulster University said: “The Causeway Coast and Glens Growth Deal represents an opportunity for transformation for the Coleraine and North Coast area. It is a tremendous opportunity for us all to take the next step, driving forward the innovative ideas that will deliver economic growth for this incredible region. As a strategic partner, we are delighted to host this important event at Ulster University Coleraine, marking this important milestone in the Growth Deal process. “Ulster University will work collaboratively with the Council and other stakeholders to deliver innovation projects and continue to develop a pipeline of talented and innovative graduates, both of which will play a significant role in the development of this region.” If you would like to read Causeway Coast and Glens Borough Council’s Heads of Terms document and find out which projects are being developed for your area, you
