Watkin Jones has completed two major Build to Rent (BTR) developments during its 2026 financial year, marking further progress for the residential developer as it continues to deliver large-scale schemes despite challenging market conditions. The completions represent another important milestone for Watkin Jones, which has established a significant presence across the UK’s purpose-built rental and student accommodation sectors. Among the developer’s major BTR projects is Loftlines, a significant residential development that forms part of the wider regeneration of Belfast’s Titanic Quarter. The project demonstrates the scale and ambition of the purpose-built rental schemes now being delivered in major UK cities, combining new homes with the amenity-led approach increasingly associated with modern BTR development. Watkin Jones has also progressed its Tai Afon BTR development in Cardiff, adding further purpose-built rental accommodation to its portfolio and strengthening the company’s presence within the residential market. The latest completions arrive against a demanding backdrop for the UK development sector. Higher construction costs, financing pressures and changing investment conditions have all influenced the pace at which new residential projects can be funded and brought forward. Despite these challenges, BTR continues to represent an important area of activity within the UK housing market, supported by demand for professionally managed rental accommodation and continued institutional interest in residential property. For the wider construction and built environment industry, the delivery of major BTR developments also creates opportunities across a substantial supply chain. Large schemes require expertise spanning main contracting and structural construction through to façades, M&E services, fit-out, landscaping and public realm, before moving into long-term property and facilities management following completion. Watkin Jones’ latest progress therefore provides another indication of the continued evolution of the UK BTR sector, particularly in regional cities where large residential developments are increasingly becoming an important component of wider regeneration strategies. With two major BTR schemes reaching completion during FY26, Watkin Jones continues to demonstrate its ability to take substantial residential developments through construction and into operation while navigating a more challenging development and investment environment. Building, Design & Construction Magazine | The Choice of Industry Professionals

Plans for the £2 billion Vauxhall Square regeneration have secured approval, paving the way for one of London’s most ambitious new mixed-use developments and a substantial new pipeline of Build to Rent (BTR), co-living, student and conventional housing. The major scheme will transform a long-stalled 1.49-hectare site between Vauxhall and Nine Elms with a cluster of seven buildings, including a landmark 69-storey residential tower that will become a significant addition to the south London skyline. At the heart of the proposals is a diverse residential offer. Vauxhall Square is expected to provide approximately 1,097 new homes, including properties for sale and rent, alongside 1,164 co-living studios and accommodation for 699 students. The housing mix will also include affordable provision and homes for social rent. The scale of the project makes it particularly significant for London’s evolving BTR and wider living sectors. Rather than concentrating on a single residential tenure, the development brings conventional housing, professionally managed rental accommodation, co-living and purpose-built student accommodation together within one major regeneration project. Vauxhall Square is being brought forward by Cedarstone Capital Partners and Cheyne Capital alongside GFH Financial Group, with Bmor and Trigon acting as development managers. Pilbrow & Partners is leading the architectural design of the new masterplan, replacing the earlier Allies and Morrison proposals for the site. The wider professional team includes Gardiner & Theobald on costs, AKT II as structural engineer, Hoare Lea on building services and Exterior Architecture as landscape architect. DP9 is planning consultant, Velocity is advising on transport, while Publica and Space Syntax are involved in the public realm strategy. Beyond housing, Vauxhall Square is designed as a genuinely mixed-use neighbourhood. Plans incorporate a hotel, offices, retail and leisure space, a cinema and community facilities, with a new central garden forming an important focal point for the development. Ground-floor uses and new pedestrian connections are intended to create a more active public realm and improve links towards Vauxhall Station and neighbouring developments. The project is also significant because it unlocks a major site that has remained largely undeveloped despite previous planning permissions. The latest proposals respond to changing housing and investment conditions by increasing density while introducing a much broader range of residential tenures. For the construction sector, a £2 billion development of this scale represents a substantial future pipeline spanning high-rise construction, façades, structural engineering, M&E, residential fit-out, landscaping and public realm. Vauxhall Square could now become a defining part of the wider Vauxhall, Nine Elms and Battersea regeneration story, while demonstrating how BTR, co-living, student housing and affordable homes can form part of a single large-scale urban neighbourhood. Building, Design & Construction Magazine | The Choice of Industry Professionals

One of east London’s largest regeneration projects has taken a major step forward after City Hall approved plans for nearly 3,000 homes on the former Beckton Gasworks site in Newham. The Beckton Riverside development is being brought forward by St William, part of Berkeley Group, and will transform around 30 acres of derelict former industrial land on the north bank of the River Thames. The gasworks closed in the 1960s and the complexity of the contaminated site means substantial remediation and infrastructure investment will be required before large-scale housebuilding can begin. Newham Council had previously resolved to approve the proposals, but the applications were called in by the Mayor of London in April. Following a public hearing, Deputy Mayor for Planning, Regeneration and Skills Jules Pipe has now approved the scheme. At the heart of the masterplan are around 2,900 new homes, together with approximately 5,000 sq m of mixed-use floorspace and a five-acre riverside park. The first phase will include buildings rising to 15 storeys. Berkeley is expected to invest around £250 million in remediation, enabling works and infrastructure to prepare the former gasworks for redevelopment. The initial programme will involve a major clean-up of the heavily contaminated site alongside work to strengthen flood defences and upgrade local infrastructure. Architecture and masterplanning is being led by JTP, with HTA involved as landscape architect. The professional team also includes Quod as planning consultant, Vectos on transport and GIA as daylight consultant. A major component of the wider vision is improved connectivity. The masterplan has been developed around proposals for a new Beckton Riverside DLR station, forming part of Transport for London’s planned extension from Gallions Reach through Beckton Riverside and beneath the Thames to Thamesmead. The transport project remains subject to funding and further approvals. The regeneration will also open up a substantial stretch of the Thames waterfront, with JTP’s plans incorporating new streets, walking and cycling connections and extensive green infrastructure alongside the new riverside park. Affordable housing has been one of the more closely scrutinised elements of the project. City Hall documents put the initial provision at 8.1% by habitable room, with the potential to rise to as much as 20% if housing grant funding is secured. Dean Summers, managing director of St James & St William, described the approval as a significant step forward for the complex, long-term regeneration site. Construction could begin in 2028, with the first homes expected to complete from 2030. Before then, the scale of the £250 million enabling programme underlines the engineering challenge involved in transforming decades-old contaminated industrial land into an entirely new residential neighbourhood. For Berkeley and St William, Beckton Riverside represents a major long-term development opportunity. For east London, it could unlock a previously inaccessible section of the Thames and create a new mixed-use community at the heart of the wider Royal Docks and Beckton Riverside regeneration area. Building, Design & Construction Magazine | The Choice of Industry Professionals

Irish Residential Properties REIT (I-RES) is closing in on the acquisition of Two Three North, a major operational Build to Rent (BTR) development in Dublin, as the residential investor looks to expand its portfolio in the Irish capital. I-RES is understood to be in advanced discussions to acquire the 282-apartment development at Clongriffin in north Dublin from developer Twinlite and its joint venture partner Tristan Capital Partners. Two Three North was brought to market earlier this year through joint agents Hooke & MacDonald and Knight Frank, with a guide price of around €120 million. The development was completed in 2022 and its acquisition would increase the size of I-RES’s residential portfolio by approximately 8%. The scheme comprises 282 apartments arranged across four blocks on a 3.17-hectare site, combining private homes with communal and public spaces. Of the apartments, 236 form part of the private rented portfolio, while a further 46 are leased to Dublin City Council under a long-term agreement. Designed by MDO Architects for Twinlite, Two Three North has been created around the amenity-led model that has become increasingly important within the BTR market. Resident facilities include co-working areas, a gym, cinema room and communal social spaces, alongside basement and surface parking, secure bicycle storage, landscaping and green roof areas. Sustainability also formed an important part of the development and construction strategy. The project achieved Home Performance Index certification, while most apartments achieved a BER A2 energy rating. An all-electric energy strategy incorporates mechanical ventilation with heat recovery and exhaust air heat pumps, supported by a high-performing building envelope and triple glazing. Environmental Product Declarations were also considered during material procurement, with a whole-building life cycle assessment undertaken to examine embodied carbon. For I-RES, the potential purchase represents a sizeable addition to an existing portfolio of more than 3,600 rental homes, predominantly located across Dublin. At the end of June 2026, the company’s portfolio was valued at approximately €1.28 billion and recorded occupancy of 99.4%. The acquisition would come as I-RES steps up investment following a period of asset recycling and improving financial performance. The company has also committed to acquire 77 newly built apartments through a separate forward purchase agreement, with completion expected towards the end of 2026. Two Three North provides a particularly attractive opportunity because it is already completed and operational, allowing I-RES to add a substantial concentration of modern rental homes without taking on the construction and delivery risk associated with a new development. If completed, the transaction would further strengthen I-RES’s position in Dublin’s professionally managed rental sector while underlining continued institutional appetite for established, high-quality BTR assets. Building, Design & Construction Magazine | The Choice of Industry Professionals

London’s Build to Rent (BTR) sector could be given greater flexibility in bringing new developments forward under proposed changes to affordable housing policy contained within the new draft London Plan. Published by the Mayor of London, the draft plan sets out the capital’s planning framework for the coming decades and proposes a revised approach to affordable housing thresholds, reflecting significant differences in development viability across London. For BTR developers and investors, the proposals are potentially significant. The draft retains a dedicated Build to Rent policy, while changes to the wider affordable housing threshold approach are intended to provide a more flexible route for residential schemes in locations where viability has become increasingly challenging. Rather than applying the same Fast Track affordable housing threshold universally, the proposed system would allow thresholds to vary between different parts of the capital according to development values and viability. The Mayor’s strategic ambition remains for 50% of new housing to be affordable, but the percentage required to qualify for the Fast Track planning route could differ by location. The intention is ultimately to move the threshold back towards 35% from 2028 in as many boroughs as possible, with different thresholds applying elsewhere where viability evidence supports a more flexible approach. Boroughs could subsequently move between bands as market conditions improve. For London’s BTR market, greater flexibility could help unlock developments that have struggled to progress amid higher construction costs, financing pressures and viability challenges. The changes could also have implications throughout the built environment supply chain. A stronger pipeline of viable BTR projects would support opportunities for architects, planning consultants, contractors and engineers, as well as specialists in façades, M&E, fit-out, landscaping and public realm. BTR has become an increasingly established component of London’s residential market, bringing institutional capital into the delivery and long-term management of purpose-built rental homes. The existing London Plan already provides a specific planning framework for BTR, including requirements around unified ownership and management and affordable rental provision. The new proposals should not yet be regarded as settled policy. The draft London Plan is currently undergoing public consultation until 15 October 2026 and will subsequently face an independent Examination in Public, with final adoption currently expected in early 2028. For developers, investors and construction teams considering future London BTR projects, however, the direction of travel is important. A more location-sensitive affordable housing framework could provide greater certainty and flexibility, potentially helping more residential schemes move from planning and viability assessments into construction. Building, Design & Construction Magazine | The Choice of Industry Professionals