Kier has been awarded a £139 million contract by Severn Trent Water to deliver a substantial upgrade of the Wanlip sewage treatment works in Leicestershire – the third-largest facility of its kind in Severn Trent’s network. The extensive programme is designed to future-proof the site by increasing capacity and resilience
Mountpark has signed a lease agreement with Waitrose for a new distribution centre at Mountpark Bristol 360 in Avonmouth. Mountpark has signed a lease agreement with Waitrose for a new distribution centre at Mountpark Bristol 360 in Avonmouth. The 360,926 sq ft Mountpark Bristol 360 will serve as the retailer’s
Construction is set to begin on a new £25m community diagnostic centre (CDC) in Nottingham city centre, with Henry Brothers appointed as the main contractor. Located on Lister Gate, the Broad Marsh CDC will provide crucial medical imaging and diagnostic services to help tackle NHS waiting lists across the region.
Sybron, a leading supplier of cleaning, hygiene and catering products to some of the largest names in UK hospitality, is expanding operations with the opening of a second distribution centre in Stafford in the heart of the Midlands. After many years of operating from a single depot in Harlow, Essex,
A Government contract for a groundbreaking hydrogen production facility in Bradford has been signed by project partners N-Gen Energy Solutions and Hygen Energy. The contract, called a Low Carbon Hydrogen Agreement, provides the scheme with government subsidies to enable the hydrogen produced to be sold at a rate which is
Sale by strategic land promoter follows a complex five year planning process, which included two separate Public Inquiries by the Planning Inspectorate Catesby Estates, a leading strategic land promoter, has completed the sale of a 14.8 acres site with reserved matters planning permission for 96 homes at Rascals Farm in
Bromford Flagship is delighted to announce that it has undertaken two new financing transactions this month to fund its strategic ambitions over the years ahead. These comprise the completion of a 25-year, £300m sustainable bond and an extended term loan from NatWest. The bond, which has a 25-year maturity, was
Arrow Capital Partners, the specialist investor, credit provider, developer and manager of real estate in Europe and Asia-Pacific, has appointed VolkerFitzpatrick as the main contractor at Arrow Point Bolton, its 327,000 sq ft speculative logistics development just north of Manchester. In January 2025, the site received planning permission for the
Panattoni, the world’s largest privately owned industrial developer, has secured a 10-acre site in Heathrow, strategically located on the established North Feltham Trading Estate just two miles from Heathrow Airport. This acquisition reinforces Panattoni’s focus on delivering high-quality logistics solutions in prime, supply-constrained areas. The new development, Panattoni Park
Court Collaboration and Select Property, the strategic partners behind Edition Birmingham, one of the city’s most prestigious residential developments, have today announced a £127.5 million loan from Eldridge Real Estate Credit, the real estate investing strategy of Eldridge Capital Management. The loan from Eldridge Real Estate Credit follows existing funding
Kier has been awarded a £139 million contract by Severn Trent Water to deliver a substantial upgrade of the Wanlip sewage treatment works in Leicestershire – the third-largest facility of its kind in Severn Trent’s network. The extensive programme is designed to future-proof the site by increasing capacity and resilience while meeting more stringent environmental standards. Once complete, the upgraded facility will be capable of handling a 24% increase in dry weather flow and around 20% more full flow to treatment, addressing the demands of a growing population and improving water quality across the region. This milestone follows an early contractor involvement (ECI) phase, during which Kier completed enabling works and developed the detailed design in close collaboration with Severn Trent. Full-scale construction is now under way and is expected to conclude by 2028. Key elements of the scheme include: James Jesic, Severn Trent’s capital delivery and commercial director, commented: “It’s exceedingly rare for us to award contracts of this size and it really speaks to the scale of these upgrades at Wanlip and our commitment to improving our infrastructure, delivering a reliable high-performing service for our customers, and protecting the environment.” Andy Lingham, managing director of water at Kier Natural Resources, Nuclear & Networks, added: “This is a significant project for Severn Trent, and we’re pleased to be bringing our expertise to help deliver it. Our relationship spans more than 20 years, and this is one of many projects we’ll be delivering in this AMP8 cycle. Collaboration will be key to making it a success, with all parties co-located in our new welfare village, working together to ensure safe, efficient, and successful delivery.” The project forms part of Severn Trent’s wider capital investment plan for AMP8 and highlights Kier’s continued role in helping the water company enhance its critical infrastructure across the Midlands. Building, Design & Construction Magazine | The Choice of Industry Professionals
Mountpark has signed a lease agreement with Waitrose for a new distribution centre at Mountpark Bristol 360 in Avonmouth. Mountpark has signed a lease agreement with Waitrose for a new distribution centre at Mountpark Bristol 360 in Avonmouth. The 360,926 sq ft Mountpark Bristol 360 will serve as the retailer’s fifth regional distribution centre. Set to be operational by autumn 2026, the facility will enhance delivery efficiency to approximately 50 existing Waitrose stores across the south west, while also offering the capacity to support future store openings. The facility has been rated BREEAM ‘Outstanding’ and holds an EPC A+ certification. Its roof is equipped with 1,200 solar panels, generating 625 kVA of power, supported by 118 kW of Tesla battery storage. Designed with sustainability and employee wellbeing in mind, Mountpark Bristol 360 includes features such as a roof terrace, landscaped gardens, and extensive ribbon glazing to maximise natural light to the warehouse marshalling areas. Once operational, Waitrose expects the site to help it cut supply chain emissions by 2,225 tonnes of CO₂ per year, contributing to its goal of becoming fossil fuel free by 2030 and net zero carbon by 2035. Bart Holt-Smith, Director, Capital Markets and Development for Mountpark said: “Waitrose’s selection of Bristol 360 is a strong endorsement of our ability to deliver buildings that meet the evolving needs of modern logistics from commercial performance to environmental responsibility. We’re proud to be working with a brand of Waitrose’s calibre and delighted that our shared commitment to sustainability and quality aligns so closely. We look forward to welcoming this iconic British retailer and supporting its continued success in the region.” Strategically located with direct access to the M49, M4, M5 and key regional freight corridors, Mountpark Bristol 360 will play a central role in servicing Waitrose’s future ambitions. The retailer is working on plans to open new convenience and full-line stores throughout the UK. Last month, it announced that a shop will be built at Brabazon in north Bristol, which is expected to open in 2027, and later this year a new convenience store will open in The Arches, Bristol. Alison Maffin, Waitrose’s Supply Chain Director, said; “This multi-million-pound investment is an important step in modernising our supply chain and setting us up to build the capacity needed for our growth plans. It will also enable us to better serve our customers in the region, more efficiently supply our existing shops and reduce our operating costs and carbon emissions. The modern and sustainable features of Mountpark Bristol 360 make it an excellent fit for our business.” Mountpark Bristol 360 is part of Mountpark’s expanding UK portfolio of Grade A logistics developments and is located at Central Park, Avonmouth, one of the South West’s most strategically significant distribution hubs. The forthcoming M49 Junction 1 will further enhance connectivity, providing Bristol 360 with improved access to the UK’s motorway and freight networks, and reinforcing its long-term value as a distribution base. Building, Design & Construction Magazine | The Choice of Industry Professionals
Construction is set to begin on a new £25m community diagnostic centre (CDC) in Nottingham city centre, with Henry Brothers appointed as the main contractor. Located on Lister Gate, the Broad Marsh CDC will provide crucial medical imaging and diagnostic services to help tackle NHS waiting lists across the region. Enabling works are now under way following the signing of contracts between Nottingham University Hospitals NHS Trust (NUH), which will run the facility, and Homes England, the site’s new landlord. The project forms part of the wider regeneration of the Broad Marsh area and is scheduled to open before the end of 2026. CDCs play an increasingly important role in providing quicker, more convenient access to services such as MRI and CT scans, X-rays, ultrasounds, and heart and lung function tests – all without the need to visit a hospital. Henry Brothers, headquartered in Northern Ireland with a regional office in Beeston, will deliver the facility alongside Arup as structural and civil engineers and Leonard Design as architects. Ian Taylor, managing director of Henry Brothers Construction, said: “This is an exciting project that will bring real health benefits to people across Nottingham. We’re proud to be playing a part in the transformation of Broad Marsh and to be contributing to the delivery of vital public sector infrastructure.” Design and planning for the site – previously owned by Nottingham City Council – was made more complex by its integration with the wider Broad Marsh structure and the presence of asbestos. But with these issues resolved, work is now progressing. Mark Simmonds, deputy medical director at NUH, added: “This centre will be vital in diagnosing conditions earlier and helping patients get the care they need without needing to travel far from home.” Building, Design & Construction Magazine | The Choice of Industry Professionals
Sybron, a leading supplier of cleaning, hygiene and catering products to some of the largest names in UK hospitality, is expanding operations with the opening of a second distribution centre in Stafford in the heart of the Midlands. After many years of operating from a single depot in Harlow, Essex, Sybron’s second distribution centre will strengthen service to its growing number of national customers, offering more efficient support to key areas such as Birmingham, Manchester, Liverpool, Nottingham, Sheffield, Derby and Leeds. The Stafford depot is strategically located to increase delivery frequencies, minimise mileage and cut emissions and the carbon footprint of the business, in line with the company’s commitment to sustainability. “This is a big step forward for us and a reflection of our ongoing commitment to delivering the best possible service to our customers nationwide,” says sales & marketing director, George Mason. “We’re really excited about this next chapter for Sybron, focusing on ensuring the long-term success of the business, whilst at the same time preserving and expanding on the business legacy built by the founders.” The fit-out of the new unit will begin shortly and the management team expects it to be fully operational by November 2025. Site development will be as sustainable as possible, including solar panels and electric vehicle charging points, as the business works towards achieving net zero. The new warehouse will be led by Joe McCann, who joined the Sybron team five years ago. Staff recruitment will take place in September. “We will establish and run the new depot in the right way, led by Joe, an experienced member of our Essex team, to ensure our values and culture carry through,” says operations director, Bradley Henwood. “We’re confident this new depot will be a brilliant extension of everything Sybron stands for. Also, importantly at Sybron headquarters it is business as usual, with no changes to the team as we continue to grow.” This major initiative follows the recent announcement of Sybron’s management buyout, safeguarding the long-term future of the business. The management team is now well established having taken leadership roles over two years ago, bringing fresh skills to evolve and drive the business forward. During this time, Sybron has made significant strides, launching new Sybron-branded product lines, including SyBio, a range of biotechnology-based cleaning products and SySoft, which offers a selection of paper and tissue products, such as eco-friendly bamboo toilet rolls. Building, Design & Construction Magazine | The Choice of Industry Professionals
A Government contract for a groundbreaking hydrogen production facility in Bradford has been signed by project partners N-Gen Energy Solutions and Hygen Energy. The contract, called a Low Carbon Hydrogen Agreement, provides the scheme with government subsidies to enable the hydrogen produced to be sold at a rate which is comparable to fossil fuels, such as diesel, for 15 years. Bradford Low Carbon Hydrogen is the largest of 11 schemes in the Government’s first Hydrogen Allocation Round, which provides a total of £2 billion of funding to stimulate hydrogen production. The flagship low carbon hydrogen production facility and fuelling station, to be built off Bowling Back Lane in Bradford, will give companies in the area and operators of heavy vehicles access to hydrogen, a cleaner energy source, from 2027. The facility will produce up to 12.5 tonnes of hydrogen per day, enough to power 800 buses and is estimated to be worth £120 million to the local economy and create up to 125 jobs. Hydrogen is a multi-purpose fuel which does not produce carbon when burned, making it compatible with plans for decarbonisation. It can be used as a replacement for natural gas in heating and industrial processes, and for replacing diesel in heavy goods vehicles including buses, trains and lorries. Hydrogen production secures the future of the Birkshall site, off Bowling Back Lane, which has a rich heritage stretching back almost 100 years. It was previously home to three large gas holders, with the site producing and storing gas for use by Bradford’s homes and businesses. The site will comprise hydrogen production, storage and refuelling, with the hydrogen produced through a process known as electrolysis, which uses electricity to split water into hydrogen and oxygen. In a joint statement, Gareth Mills, Managing Director at N-Gen Energy and Kevin Selleslags, Hygen CEO, said: “We are thrilled to reach the milestone of signing the low carbon hydrogen agreement, which takes us a step closer to offering the region’s businesses and heavy transport the opportunity to decarbonise with cleaner, locally produced hydrogen at a competitive price. We’re excited to move to the next phase of building this trailblazing facility.” Minister for Industry, Sarah Jones, said: “This government is rolling out hydrogen out at scale for the first time, with 10 of the first projects now shovel-ready to start powering businesses with clean, homegrown energy from Teesside to Devon. “Hydrogen will help us cut industrial emissions and support Britain’s industrial renewal by creating thousands of jobs in our industrial heartlands as part of the Plan for Change.” Bradford Council supports the project and believes, as West Yorkshire’s only planned hydrogen production plant, it will play an important role in helping the area deliver on its climate change ambitions. Cllr Susan Hinchcliffe, Leader of Bradford Council said: “We’re really pleased to see the private sector working with the Government to bring new industry to Bradford. I’m delighted that the contract has now been signed. The scheme will help us bring investment and green jobs to Bradford as well as delivering on our climate change ambitions.” Tracy Brabin, Mayor of West Yorkshire, said: “We’ve declared a climate emergency in West Yorkshire, and we’re committed to net zero by 2038, so I’m delighted that one of the UK’s biggest hydrogen production facilities is right here in Bradford. This investment will play a vital role in helping us achieve our ambitions of a greener, more secure region, with higher paid jobs and lower energy bills for future generations.” Neil McDermott, Chief Executive of LCCC said: “Signing this Low Carbon Hydrogen Agreement is a key milestone, not only for the Bradford project, but for the development of a thriving hydrogen economy across the UK. Hydrogen has a vital role to play in our transition to net zero, particularly in decarbonising sectors that are difficult to electrify, such as heavy transport and industry. “Through our delivery of the Government’s Hydrogen Business Model, LCCC is proud to provide long-term revenue support that gives investors the confidence to back pioneering projects like this one. We look forward to working with the Bradford team as the project goes from strength to strength, bringing clean energy, economic opportunity and innovation to the region.” Building, Design & Construction Magazine | The Choice of Industry Professionals
Sale by strategic land promoter follows a complex five year planning process, which included two separate Public Inquiries by the Planning Inspectorate Catesby Estates, a leading strategic land promoter, has completed the sale of a 14.8 acres site with reserved matters planning permission for 96 homes at Rascals Farm in Southwater, West Sussex. The price was not disclosed. The site, located south of Southwater, will provide a range of 2, 3, 4 and 5 bedroom homes of various types (apartments, terraced, semi-detached and detached houses). 35% of the homes will be affordable, of mixed type and tenure, with priority given to local residents or those with a local connection. The development will also feature a new large, open and informal public space for new and existing residents, with the existing grassland to be maintained and enhanced to support biodiversity. Detailed planning approval was secured following a 2024 Reserved Matters application for 96 homes, including the provision of an off-site water neutrality solution being approved at committee in August 2025. This innovative solution to water neutrality ensures that any new dwellings do not increase the rate of water abstraction for drinking water supplies, above existing levels. This followed an outline planning permission in August 2021, which Catesby secured after a successful appeal to the Planning Inspectorate. Horsham District Council had refused the 2020 application using delegated powers citing the principle of development, but this was overturned following a four day Public Inquiry, where the Planning Inspectorate agreed that the site had limited impact upon the wider landscape character and that the Council could only demonstrate a 4.2 year housing land supply. This was the first appeal decision in the District at that time which confirmed that the council could not demonstrate a five year supply of land for housing. A further Public Inquiry was held by the Planning Inspectorate into an application from a local resident to West Sussex County Council to register the land as a Town & Village Green, which would have protected the land from future development. Catesby robustly objected to the application resulting in a Public Inquiry being held in 2021. The report issued by the Inspector following the Inquiry found the applicant’s case had failed on all counts and should therefore be refused. Andy Wright, Associate Land Director at Catesby Estates, said: “We are very pleased that Barratt Redrow will be taking forward this site to deliver high quality new homes and public space for Southwater. This has been a particularly lengthy and complex planning process, with two Public Inquiries and engagement with planning officers at both the district & county level on multiple applications. Catesby was able to demonstrate the application complied with policy and draw on evidence that local housing supply was less than had been cited. We are very proud to have seen the application through to a successful conclusion on behalf of the landowner, and that much needed new homes and improved public space will now finally be delivered for the community.” Jack Allan, Land Director at Barratt Redrow, adds: “Barratt Redrow are delighted to have completed on the land at Rascals Farm, Southwater. It was a pleasure to work with Catesby Estates who were extremely pragmatic and quick at making decisions to allow a smooth transaction. Furthermore, the planning application they obtained is a testament to their in-house skills by presenting us with the ideal foundation to create a thriving community. “This site represents a great opportunity for the business to provide much needed high quality new homes in the area of Horsham. With this area being impacted by water neutrality in recent years, there has been a real lack of supply. However, Catesby were able to secure offsite mitigation meaning we are able to make a prompt start on site. We look forward to delivering a great scheme in Southwater and deliver the much needed market and affordable housing for the area.” Building, Design & Construction Magazine | The Choice of Industry Professionals
Bromford Flagship is delighted to announce that it has undertaken two new financing transactions this month to fund its strategic ambitions over the years ahead. These comprise the completion of a 25-year, £300m sustainable bond and an extended term loan from NatWest. The bond, which has a 25-year maturity, was met with strong investor demand in the current market conditions and was four times oversubscribed. It was priced at government gilts plus 0.82% producing a coupon and yield of 6.072%, marking the housing association sector’s tightest spread in four years. It’s the first issuance under Bromford Flagship’s recently established Euro Medium Term Note programme and was issued under the group’s Sustainable Finance Framework. Both frameworks were established in June 2025 to create an enhanced route to access the sustainable capital markets to enable the organisation to deliver 2,000 new homes a year over the next 30 years. At the same time Bromford Flagship has finalised a term loan from NatWest which extends the life of facilities previously available to the group. This bilateral loan, along with the £300m bond, has sustainability features and these will allow the group to continue its investment in high-quality, affordable homes in places that enable people to thrive, delivering sustainable outcomes for customers and communities. Bromford Flagship’s Chief Finance Officer Paul Walsh said: “These deals optimise our ongoing debt facilities whilst raising some new funds that support our liquidity. They increase the average life of our outstanding debt and demonstrate our confidence to fund the business for the long term to support our ambition to be one of the largest builders of much needed social and affordable homes in the UK. “This is an important milestone which will allow us to move forward with our future financing and development plans and enables us to access the additional £1.9 billion capacity following the creation of Bromford Flagship earlier this year.” Dominic Brindley, Director Financing and Risk Solutions at NatWest, said: “NatWest is delighted to support Bromford Flagship as both arranger of their £1.5bn EMTN programme and an active bookrunner on this £300m debut drawdown. NatWest is committed to playing its part in helping people into safe stable homes and this is reflected in our ambition to lend £7.5bn to the social housing sector.” Bromford Flagship ratings of A2 Stable with Moody’s and A+ Stable with S&P will apply to the bond. The managers on the bond transaction were Barclays Bank PLC, Lloyds Bank Corporate Markets plc, NatWest Markets Plc and ABN AMRO Bank N.V.. Bromford Flagship’s legal advisers were Devonshires Solicitors LLP and its treasury advisers were Newbridge Advisors LLP. These transactions follow a £75 million private placement that the housing group issued in April. Building, Design & Construction Magazine | The Choice of Industry Professionals
Arrow Capital Partners, the specialist investor, credit provider, developer and manager of real estate in Europe and Asia-Pacific, has appointed VolkerFitzpatrick as the main contractor at Arrow Point Bolton, its 327,000 sq ft speculative logistics development just north of Manchester. In January 2025, the site received planning permission for the development of two logistics units of 107,500 sq ft and 220,250 sq ft, which will be available for occupiers to move into in the first half of 2026. Targeting a BREEAM ‘Outstanding’ certification and an EPC ‘A’ rating, the units will include extensive sustainable features, including photovoltaic panels on the roof and electric vehicle charging points. It will also feature a power capacity of 4.5 MVA, 15 metre eves, 82 HGV trailer spaces, 32 dock levellers and five-level access doors. The site is strategically located within the premier north west distribution corridor and is adjacent to junction 6 of the M61, providing excellent transport links through its close access to the M60, M6, M62 and broader regional and national motorway networks. Arrow Point Bolton will also provide direct access to Manchester International Airport and the Port of Liverpool, allowing for the easy transport of international cargo. The new development is in Arrow’s €3 billion SIRE (Strategic Industrial Real Estate) joint venture with Cerberus Capital Management. Lawrence Harkness, Head of Development, Europe, at Arrow Capital Partners, said: “After securing planning at the start of the year, we immediately commenced demolition and enabling works with Forshaw Demolition, which have progressed exceptionally well. We’re now excited to move forward with VolkerFitzpatrick, an experienced logistics contractor whom we have worked with on previous developments, to bring the build phase to life. With occupier demand remaining robust, we’re targeting completion in the first half of 2026 and are looking forward to bringing this prime asset to market. “We continue to actively expand our development pipeline across the UK and Europe, focusing on existing assets and strategic locations close to labour pools with excellent connectivity to local and international transport networks.” Andrew Stoney, Operations Director, VolkerFitzpatrick commented: “We’re proud to have been appointed by Arrow Capital Partners to deliver the construction of Arrow Point Bolton. This is a key development in one of the UK’s emerging strategic locations for logistics. With sustainability and connectivity at its core, this scheme is a perfect example of the kind of future-focused projects we’re passionate about delivering. We look forward to bringing our expertise to the project and working in close partnership with Arrow to create a high-quality, energy-efficient logistics hub.” A specialist investor, credit provider, developer and manager of real estate, Arrow Capital Partners targets equity and debt opportunities, specialising in cross-border transactions where it can use its platform and balance sheet to invest with US and Asia-Pacific investors into Europe, as well as European and US investors into the Asia-Pacific region. Arrow has a team of 60, globally based out of 12 countries. Building, Design & Construction Magazine | The Choice of Industry Professionals
Panattoni, the world’s largest privately owned industrial developer, has secured a 10-acre site in Heathrow, strategically located on the established North Feltham Trading Estate just two miles from Heathrow Airport. This acquisition reinforces Panattoni’s focus on delivering high-quality logistics solutions in prime, supply-constrained areas. The new development, Panattoni Park Heathrow, presents an opportunity for occupiers to secure bespoke, build-to-suit logistics space of up to 250,000 sq ft, tailored to specific operational needs. Ahead of submitting a planning application, Panattoni is actively seeking build-to-suit pre-let agreements to deliver flexible, purpose-built facilities for occupiers in one of the most strategically connected locations in the country. This development is highly significant for the logistics sector in the Heathrow area. Heathrow Airport is a critical hub for international trade and distribution and the demand for logistics and industrial space in its vicinity is consistently high. The proximity of Panattoni Park Heathrow to the airport makes it an ideal location for businesses requiring cargo operations, facilitating access to international markets and efficient distribution networks for London and the wider Southeast. Panattoni’s latest acquisition is a pivotal development for occupiers seeking Grade A logistics space near Heathrow and across the Thames Valley. In one of the UK’s most land-constrained markets, this ten-acre site brings much-needed capacity, with a flexible masterplan that can deliver units of varying sizes to suit to suit tenant requirements. Drawing on its extensive build-to-suit expertise, Panattoni is meeting surging demand for modern, high-quality facilities that streamline last-mile delivery in London while maintaining seamless regional and international distribution via the airport. This project underlines Panattoni’s commitment to providing truly flexible solutions for leading logistics and e-commerce operators. Alex Mitchell, Development Manager at Panattoni, commented: “This acquisition at Heathrow represents a significant opportunity to provide much-needed, high-quality logistics space in a critically important and supply-constrained market. Panattoni Park Heathrow represents one of the latest significant development sites near the airport, offering occupiers the chance to secure sustainable, bespoke buildings in a market defined by limited availability. The park will cater to the strong demand from businesses looking to capitalise on Heathrow’s connectivity for both London and international operations. We are excited to bring this project forward and further solidify our presence in the UK’s key logistics corridors.” Panattoni was advised by JLL on the acquisition Building, Design & Construction Magazine | The Choice of Industry Professionals
Court Collaboration and Select Property, the strategic partners behind Edition Birmingham, one of the city’s most prestigious residential developments, have today announced a £127.5 million loan from Eldridge Real Estate Credit, the real estate investing strategy of Eldridge Capital Management. The loan from Eldridge Real Estate Credit follows existing funding for the project provided by PGIM to Court Collaboration. Funding will support the construction of the flagship 581-apartment scheme in the heart of Birmingham. The new debt facility provided by Eldridge Real Estate Credit is one of the largest fundings announced this year for a residential development outside London. Edition Birmingham, which is being sold and marketed by Select Property, is located off Centenary Square, close to the Library of Birmingham and the £1.2 billion Paradise scheme. It is a short walk away from Colmore Row, the heart of the city’s business district. The development’s one- and two-bed apartments are split between two connected towers of 46 storeys and 15 storeys. Midgard has been selected as the contractor on the development, which has already secured over £87 million in revenue through off-plan sales. Phase one is expected to be completed by 2027. Edition’s residents will have access to an unmatched range of wellness-led amenities and benefits. Alongside cutting-edge gym and spa facilities, residents will enjoy a 20-metre above-ground swimming pool with an accompanying hydro pool, plunge pool, sauna and steam room. Residents will also be able to relax at a sky lounge complete with private dining experiences on the 44th and 45th floors. The development also includes a premium co-working lounge, called The Study, and outdoor co-working space on a 14th-floor garden terrace. Other outdoor amenities include a 9,000 sq ft podium terrace with a cinema screen and a BBQ area that connects the two buildings. Eldridge Real Estate Credit invests in real estate credit opportunities throughout the US, UK and Europe, including construction, transitional, and special situation opportunities across the capital structure. The platform has originated over $10 billion in loans, leveraging an experienced team with a disciplined approach seeking to create long-term value. PGIM Real Estate, the real estate business of PGIM, one of the largest investment firms in the world, is also a financial partner to Edition Birmingham via its PRECap series, its flagship European high-yield debt strategy. Alex Neale, CEO of Court Collaboration, said: “This funding package from Eldridge, combined with our ongoing support and relationship with PGIM, is an endorsement of the quality of Edition. Our partners recognise that the development brings luxury living to the heart of Birmingham as the city centre benefits from over £1bn of investment over the coming years. With breaking ground expected soon and completion of phase one in 2027, there’s real momentum and excitement building around Edition and what it will bring to Birmingham.” Adam Price, CEO of Select Property, said: “I’m really pleased that our partners at Eldridge believe in the inherent investment opportunity Edition provides. Birmingham is on the rise, with significant investment in the city centre and a young and growing population that wants high-quality living in the heart of town. We’ve seen strong appetite from owner-occupiers and investors alike; something reflected in the large number of off-plan sales. All this underlines the prestige of Edition and the fact there is nothing else like it in Birmingham.” John Cole, Global Head of Real Estate Credit at Eldridge Capital Management, added: “The teams at Court Collaboration and Select Property have consistently demonstrated their ability to deliver and market high-quality, competitive residential offerings. With over 40% of units already sold, we believe Edition is well-positioned to capitalise on Birmingham’s continued growth, and we look forward to a strong and successful partnership.” Jesse Bostwick, Executive Director, European High Yield Debt Originations at PGIM Real Estate, commented: “Court Collaboration has proven to be a trusted partner and we’re excited to be working together on this project. Our PRECap strategy provides capital solutions including preferred equity and other flexible structures across the lending spectrum, which enables us to support projects in markets with strong fundamentals and unlock the potential of key central sites.” Court Collaboration was advised by Gateley Legal on the legal financing aspects of the transaction and by TRST on debt structuring. Building, Design & Construction Magazine | The Choice of Industry Professionals