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
Global law firm Norton Rose Fulbright has strengthened its real estate practice in London with the appointment of Simon Woodcock as a partner. Simon joins from Goodwin Procter. He advises on a broad range of transactional real estate matters, including direct and indirect investment, landlord and tenant matters, development and
Pontegadea, the private investment company of Spanish billionaire Amancio Ortega, has made its first move into the UK Build to Rent (BTR) market with the £150 million acquisition of a residential development on London’s Baker Street. The transaction sees Pontegadea acquire 219 Baker Street in the West End from investor
Aldi is stepping up investment across its UK property estate with plans to refurbish 25 supermarkets this year as part of a wider £300 million programme of store improvements. The investment will see the discount supermarket group upgrade existing locations across England and Scotland, with work focused on improving the
Construction is gathering pace at the £46 million Nursery Street Build to Rent (BTR) development in Sheffield, as structural works progress on a scheme set to bring new purpose-built rental homes to a prominent brownfield site in the city. The development is transforming the former Coroner’s Court site on Nursery
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
McLaren Construction Midlands & North have been appointed by Mountpark to deliver Units 2 & 3 of its logistics development in Hinckley, a £48 million project that will provide two high-specification warehouse distribution units totaling 772,340 sq. ft. Located off Watling Street in Hinckley, the scheme comprises two single-storey industrial
MILWAUKEE® continues to expand its M12™ range with the introduction of the new M12 FUEL™ scroll shear, delivering exceptional precision, control, and performance in a compact cordless solution*. Designed for professionals working with sheet metal, the M12 FUEL™ scroll shear combines an innovative shear head with advanced control features to
Today, the free Powercut105 service, that connects people with help and support during power disruptions and provides preparedness advice, marks 10 years of operation. During that time over 1.4 million people have visited the website, whilst the free Powercut105 phoneline service has received over 25 million calls over this period.
Baxi has expanded its flagship Megaflo cylinder portfolio with the launch of the Megaflo Essential range of direct and indirect cylinders and the brand’s first air source heat pump (ASHP) cylinder. The launch of Megaflo Essential opens the door for more housing projects to take advantage of Megaflo’s trusted performance.
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
Global law firm Norton Rose Fulbright has strengthened its real estate practice in London with the appointment of Simon Woodcock as a partner. Simon joins from Goodwin Procter. He advises on a broad range of transactional real estate matters, including direct and indirect investment, landlord and tenant matters, development and asset management. His practice spans multiple asset classes, including office, retail, student accommodation, PRS and industrial. Simon has significant experience advising investors, developers, asset and fund managers, and financial institutions on high-value UK and pan-European transactions. He brings strong relationships across the real estate sector and a track record of delivering on complex mandates. His appointment further enhances Norton Rose Fulbright’s real estate offering and supports the firm’s continued growth across key sectors and markets. David Hawkins, partner at Norton Rose Fulbright, commented: “Simon is a highly regarded real estate lawyer with an impressive track record advising on major UK and European transactions. His experience, market reputation and client relationships make him an excellent addition to our team.” Simon Woodcock commented: “Norton Rose Fulbright’s international platform and sector strengths provide a compelling proposition for clients operating in today’s market. I’m excited to join the team and look forward to helping clients deliver their most important real estate projects and investments.” Simon’s appointment forms part of Norton Rose Fulbright’s continued investment in its real estate practice and reinforces the firm’s ability to support leading investors, developers and institutions on complex transactions. Building, Design & Construction Magazine | The Choice of Industry Professionals
Pontegadea, the private investment company of Spanish billionaire Amancio Ortega, has made its first move into the UK Build to Rent (BTR) market with the £150 million acquisition of a residential development on London’s Baker Street. The transaction sees Pontegadea acquire 219 Baker Street in the West End from investor and developer Ridgeback Group, adding 86 apartments to an already substantial UK property portfolio. The deal, equivalent to approximately €175 million, represents a reported yield of 4%. Ortega is the founder and main shareholder of Inditex, the global fashion group behind Zara and brands including Pull&Bear and Massimo Dutti. While his wealth is closely associated with the international retail sector, Pontegadea has built up a major global property portfolio, with UK real estate holdings now valued at more than £2.7 billion. The Baker Street acquisition is particularly notable from a built environment perspective because of the history of the property itself. The Grade II-listed Art Deco building was originally constructed in 1932 as the headquarters of Abbey National, which later became part of Santander. The building was converted to residential use in 2004 and subsequently upgraded by Ridgeback. Its acquisition provides Pontegadea with an immediate foothold in the professionally managed UK rental market without the development and construction risks associated with delivering a new BTR scheme from the ground up. The deal also extends the investor’s presence across different areas of the UK property market. Its existing London assets include The Post Building on New Oxford Street, while in 2025 Pontegadea acquired an 850,000 sq ft Amazon logistics warehouse near Liverpool for £81 million. The move into BTR comes at a significant time for institutional investment in UK rental housing. BTR transactions reached a record £2.2 billion during the second quarter of 2026, demonstrating continued investor appetite for established, income-producing residential assets despite wider pressures facing development and construction. For the wider property sector, the £150 million Baker Street transaction is another indication of how the UK rental market is attracting international capital traditionally associated with commercial real estate. Pontegadea’s arrival adds another major global investor to the sector and, with an established London residential asset providing its entry point, could signal further interest from the group as the UK BTR market continues to mature. Building, Design & Construction Magazine | The Choice of Industry Professionals
Aldi is stepping up investment across its UK property estate with plans to refurbish 25 supermarkets this year as part of a wider £300 million programme of store improvements. The investment will see the discount supermarket group upgrade existing locations across England and Scotland, with work focused on improving the customer experience while introducing more efficient and sustainable building technologies. Depending on the individual store, improvements will include the refurbishment and expansion of key departments such as bakery, health and beauty and fresh food. The programme is designed to create additional space and make stores easier for customers to navigate. Sustainability will also play a role in the refurbishment programme. Selected locations are set to receive energy-efficient fridge doors and refrigeration systems using natural refrigerants, supporting efforts to reduce energy consumption and improve the environmental performance of Aldi’s existing estate. For the retail construction and fit-out sector, the programme represents a significant pipeline of refurbishment activity across a geographically diverse portfolio. Upgrading operational supermarkets can require carefully phased construction, M&E, refrigeration, shopfitting and finishing works to minimise disruption while delivering improvements to existing buildings. Jonathan Neale, managing director of national real estate at Aldi UK, said: “We’re continuing to invest in our existing stores because we know how important the in-store experience is to customers. “These upgrades will create more space, improve key areas of our stores and make them easier to shop. It’s an important part of how we’re investing in the communities we serve.” The £300 million commitment highlights the continuing importance of existing-store investment alongside new supermarket development. For major retailers with substantial property portfolios, refurbishment provides an opportunity to modernise customer-facing areas while improving energy efficiency and adapting stores to changing operational requirements. With 25 locations earmarked for work this year, Aldi’s programme will bring investment to stores from Aberdeen and Stirling to Manchester, Liverpool, London and Bedford. Aldi stores set for refurbishment • Arndale, Manchester• Barnsley Road, Doncaster• Batley Road, Wakefield• Brackley Court, Blaby• Bridgnorth Road, Wollaston• Brooks Road, Lewes• Chapel Street, Belper• Cornhill Shopping Arcade, Aberdeen• Crown Road, Enfield• Falkirk Road, Linlithgow• Grooms Alley, Wellington• Holyhead Road, Telford• Holloway Road, Archway• Knollside Close, Sunderland• London Road, Blackwater• Moreland Avenue, Billingham• Old Beck Road, Harrogate• Printers Place, Paisley• Ringtail Retail Park, Burscough• Rockingham Road, Corby• Sandbach Road, Congleton• Springbank Road, Stirling• St. John Centre, Liverpool• Stratford Road, Hall Green• Westville Road, Bedford Building, Design & Construction Magazine | The Choice of Industry Professionals
Construction is gathering pace at the £46 million Nursery Street Build to Rent (BTR) development in Sheffield, as structural works progress on a scheme set to bring new purpose-built rental homes to a prominent brownfield site in the city. The development is transforming the former Coroner’s Court site on Nursery Street, replacing previously developed land with a new residential scheme designed specifically for the rental market. Plans for the site include 101 BTR homes, comprising 31 studios, 35 one-bedroom apartments and 35 two-bedroom apartments. The development also incorporates a range of resident amenities, including a gym, co-working facilities, a recording studio, communal kitchen space and cycle parking. With structural construction now advancing, the project is moving into an increasingly visible phase, adding to the pipeline of new residential development reshaping Sheffield and supporting the continued growth of BTR beyond the UK’s largest cities. Sustainability has also been incorporated into the development strategy. Earlier project information outlined proposals for air source heat pumps, photovoltaic panels and low-energy lighting as part of a drive to deliver homes to high energy performance standards. The scheme has also attracted public investment, with South Yorkshire Mayoral Combined Authority documentation previously approving £1.7 million of grant support towards the development. The authority highlighted the regeneration benefits of bringing a derelict brownfield site back into productive use while delivering new rental accommodation and improving the surrounding area. Nursery Street comes at a time when Build to Rent is playing an increasingly important role within the UK residential development market, particularly in regional cities where demand continues for professionally managed, amenity-led rental accommodation. For Sheffield, the development represents more than the delivery of new apartments. By regenerating an underused urban site and combining new homes with shared facilities and energy-efficient building technologies, the project contributes to the wider evolution of the city centre residential market. As the structure continues to rise, Nursery Street is set to become another significant addition to Sheffield’s expanding BTR landscape. Building, Design & Construction Magazine | The Choice of Industry Professionals
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
McLaren Construction Midlands & North have been appointed by Mountpark to deliver Units 2 & 3 of its logistics development in Hinckley, a £48 million project that will provide two high-specification warehouse distribution units totaling 772,340 sq. ft. Located off Watling Street in Hinckley, the scheme comprises two single-storey industrial and logistics units, alongside associated transport hubs, office space, gatehouses, and extensive external works. Construction commenced in July 2026, with the steel frame scheduled to begin in September and completion forecast for spring 2027. It forms the second phase of the established Mountpark Hinckley logistics park, with the first phase and enabling infrastructure having already been completed. Unit 2 will provide approximately 514,100 sq. ft. of warehouse space with standard and Euro dock loading on both the east and west elevations, together with two transport hubs and 28,460 sq. ft. of office accommodation. Unit 3 will comprise approximately 258,248 sq. ft. of warehouse space with standard and Euro dock loading to the south elevation, one transport hub and 12,900 sq. ft. of office accommodation. McLaren Construction’s works also include the delivery of hardstanding, service yards, car parking, landscaping, mains services and drainage across the site, creating a high-quality industrial and logistics environment for occupiers. The project has been designed with sustainability at its core and is targeting a BREEAM Outstanding certification, alongside being WELL ready, with an embodied carbon target to support Mountpark’s commitment to delivering environmentally responsible logistics facilities. The wider development includes an extensive countryside walk with trim trail equipment and water features through existing and enhanced landscaping. As part of its social value ethos, McLaren Construction will work alongside the client and local stakeholders to develop a programme of community initiatives throughout the build. Gary Cramp, Managing Director at McLaren Construction Midlands & North, said: “We are pleased to have been appointed by Mountpark to deliver Phase 2, further strengthening our longstanding expertise in the industrial and logistics sector as a region and continuing our successful relationship with one of the UK’s leading developers. “The scheme will deliver two high-quality, sustainable warehouse facilities that are designed to meet the evolving needs of future occupiers while creating lasting benefits for the local community.” Building, Design & Construction Magazine | The Choice of Industry Professionals
MILWAUKEE® continues to expand its M12™ range with the introduction of the new M12 FUEL™ scroll shear, delivering exceptional precision, control, and performance in a compact cordless solution*. Designed for professionals working with sheet metal, the M12 FUEL™ scroll shear combines an innovative shear head with advanced control features to deliver exceptional cutting accuracy, even in the tightest curves. With a minimum curve radius of just 13 mm, it offers the tightest turning capability of any scroll shear on the market, giving end users the ability to tackle intricate cuts with ease. Engineered for maximum control, the tool features a 5-step speed mode with auto speed functionality, allowing users to match performance to the application while maintaining smooth, consistent cuts. The auto-control start feature further enhances precision by starting the tool slowly and ramping up to full speed when a cut is detected, improving accuracy and reducing material distortion. Compact, ergonomic, and lightweight at just 1.29 kg, the M12 FUEL™ scroll shear is designed for all-day comfort and reduced fatigue. Its compact form factor allows for greater manoeuvrability in tight spaces, while maintaining high performance. The scroll shear is capable of cutting 1.6 mm of mild steel, 1.2 mm of stainless steel, and 2.0 mm of aluminium, delivering clean, burr-free results across a range of applications. A 4-sided cutting blade ensures extended tool life and consistent cutting performance, reducing downtime and improving efficiency on the job. For added visibility, an integrated LED light illuminates the work area, enabling users to work with greater precision in low-light environments. MILWAUKEE® is committed to improving productivity by providing performance driven and trade focused solutions so users can perform an entire day’s work on one battery system. The new M12™ scroll shear is fully compatible with the entire M12™ line, now offering more than 125 power tool solutions. *M12 FUEL™ power tools are designed, engineered, and built to deliver extreme performance and productivity. All M12 FUEL™ products feature three MILWAUKEE®-exclusive innovations – the POWERSTATE™ Brushless Motor, REDLITHIUM™ Battery Pack and REDLINK PLUS™ Intelligence Hardware and Software – that deliver unmatched power, run time and durability on the jobsite. Simply put, M12 FUEL™ tools are the most powerful sub-compact cordless tools in their class. Specifications M12 FUEL™ scroll shear M12 FMS16-522B Kit Includes: (1) M12 FUEL™ FMS16, (1) M12 HB5, (1) M12 HB2.5, (1) C12 C, (1) tool bag Visit Milwaukee Tool UK’s Instagram and LinkedIn for further information. Building, Design & Construction Magazine | The Choice of Industry Professionals
Today, the free Powercut105 service, that connects people with help and support during power disruptions and provides preparedness advice, marks 10 years of operation. During that time over 1.4 million people have visited the website, whilst the free Powercut105 phoneline service has received over 25 million calls over this period. The service supports one of the most dependable electricity systems in the world with the UK’s power network operating at 99.99% reliability. The phoneline service helps connect people across England, Scotland and Wales directly to their local electricity network operator during a power cut. Over the past decade, Powercut105 has become a trusted part of the UK’s power outage response, supporting households through storms, high winds and unexpected faults. The service experiences peaks in use during these times, when large numbers of customers can briefly lose power before restoration work brings them back onto the grid. Before Powercut105 existed, people didn’t necessarily know who to contact during a power cut, often calling their energy supplier rather than their local network operator, the organisation actually responsible for keeping the lights on. The 105 number and website were created as part of networks’ commitment to continuing improvement in customer services, offering one simple, memorable way to report a power cut, check for updates in an area or sign up for extra help through the Priority Services Register. Lawrence Slade, Chief Executive at Energy Networks Association, which represents the UK’s energy network operators, said: “Powercut105 has established itself as a crucial service for customers over the last 10 years and a cornerstone of the UK’s internationally leading approach to resilience. “As we approach the winter months, our consistent advice to customers is to prepare, care and share. Prepare by going online to PowerCut105.com for advice, care by checking in on friends and neighbours, especially those who might need extra help, and share by letting other people know how they can make a plan too.” To mark the anniversary, network operators are encouraging the public to bookmark the powercut105 website and to sign up to the free Priority Services Register if they or someone they know may need extra support during a power cut. Building, Design & Construction Magazine | The Choice of Industry Professionals
Baxi has expanded its flagship Megaflo cylinder portfolio with the launch of the Megaflo Essential range of direct and indirect cylinders and the brand’s first air source heat pump (ASHP) cylinder. The launch of Megaflo Essential opens the door for more housing projects to take advantage of Megaflo’s trusted performance. The Essential range has been developed to address common challenges including tightening budgets, growing demand for heat pump-compatible options, and reliable cylinder options that can be trusted long-term to deliver for residents. Designed for use with heat pumps, including Baxi’s HP50 and HP55 ASHPs, the Megaflo Essential ASHP cylinder optimises hot water performance in heat pump applications. A high surface area coil, twin 3kW immersion heaters and a secondary return connection work together to support efficient hot water production and rapid delivery to ensure that occupants are never without hot water. Megaflo pioneered use of an internal expansion system, and the Megaflo Essential direct and indirect range continues that pioneering nature with a new internal expansion mechanism. This removes the need for a separate expansion vessel, reducing installation time, saving space, and simplifying product maintenance. Indirect models feature coil-in-coil design heat exchangers to deliver rapid heat recovery. Alongside the new Essential range, Baxi has optimised its signature Megaflo Eco direct and indirect cylinders with the same enhanced internal expansion system. This range remains the premium offering, featuring 60mm of insulation for excellent energy efficiency, and a 30-year warranty on the stainless-steel inner tank. The expanded portfolio replaces the Baxi Assure cylinder range, giving customers a choice between the value-led Megaflo Essential range and premium Megaflo Eco products. Rob Pearse, Residential Business Director at Baxi, said: “Megaflo has a great reputation in the heating sector. We’ve heard customers say ‘Megaflo’ when they mean ‘cylinder’ – that’s a privilege and a responsibility that we take seriously. “We set out to provide a Megaflo that can cater to all budgets and installation requirements while maintaining and refining the renowned Megaflo quality and reliability. Whether there’s a requirement for a slimline cylinder for a smaller property, a solution for an air source heat pump or compatibility with solar PV, there’s a Megaflo cylinder designed for exactly that application.” For more on the expanded Megaflo range, see here. Building, Design & Construction Magazine | The Choice of Industry Professionals