Sector and regional bright spots remain despite a softer national demand outlook beginning to feed through to tender prices reveals the latest Construction Market Intelligence Q3 2026 report from leading construction and property management consultant, Rider Levett Bucknall (RLB UK). While RLB is observing sectorial differences in output, there is
Pluto Finance has reached £1 billion of cumulative lending through its flagship institutional lending vehicle, marking a significant milestone for the real estate finance specialist as it continues to support residential development across the UK and Europe. The milestone comes as Pluto provides development finance for a new Build to
Building performance and M&E engineering specialist Mesh has appointed Jen Wallace as Managing Director to lead the business in the next phase of its growth. Jen joined Mesh in 2019 as one of the company’s first employees, progressing from a junior renewable energy consultant to Team Lead, before being appointed
Downing has secured a £249.2 million refinancing package for two major residential towers at its £400 million Square Gardens development in Manchester, marking another significant milestone for one of the city’s largest new living schemes. The financing, provided by Bank of Ireland, covers Acer and The Fernley, the two completed
Karen Carter, public sector director at public procurement specialist Pagabo, has shared her thoughts following the government’s announcement on its intention to review plans for local government reorganisation (LGR) and ensure alignment with its wider plan to rewire the state. Karen said: “This week’s announcement adds another layer of uncertainty for councils that have
Cardo Group has rapidly expanded its position in the UK building maintenance market, creating a business with full-year revenues of £314 million following a sustained programme of acquisitions and organic growth. The Cardiff-based group, which specialises in repairs, maintenance and improvement services for the social housing sector, reported statutory turnover
Some of the UK’s biggest facilities management and building services contractors have secured positions on a new government framework valued at up to £120 billion, opening the door to a major pipeline of public estate work over the next eight years. The Government Commercial Agency framework, RM6378, is set to
Pre-engineered steel is taking share in low-rise commercial development because it moves structural engineering, fabrication and quality control off the site and into a factory, which shortens the critical path and puts a code-ready, stamped drawing set in the developer’s hands earlier than conventional construction usually manages. Metal building systems
Global real estate advisor, CBRE, has secured a forward funding agreement for five prime units at Orchard Park site Global real estate advisor CBRE has brokered a £72 million pre-construction forward funding commitment between a US based investor and Newlands Developments, in association with Tulchan Development, enabling the speculative delivery of much-needed industrial and
Thakeham and Abri have completed work at Manorwood, West Horsley, delivering 139 homes designed to reflect the character of the local area. The new community includes 56 affordable homes and 74 for private sale, comprising bungalows and 2, 3, and 4-bedroom homes. Manorwood is currently 90% sold, with just nine
Sector and regional bright spots remain despite a softer national demand outlook beginning to feed through to tender prices reveals the latest Construction Market Intelligence Q3 2026 report from leading construction and property management consultant, Rider Levett Bucknall (RLB UK). While RLB is observing sectorial differences in output, there is a backdrop of persistent global and domestic uncertainties influencing sentiment and forward expectations. This has led to RLB’s weighted average Tender Price Index forecast uplift for 2026 shifting from 3.98% in Q2 to 3.54% for Q3. While the supply chain may be absorbing some of the input cost increases, analysis by RLB experts found that it is not at any cost, with contractors acutely aware of the risk profiles of the work that they are taking on. Demand and opportunity are primed Construction output stabilised in Q2 to 0.3%, driven by repair and maintenance and infrastructure spending. Sector recovery remains mixed with advanced tech and data centres continuing at pace and capital to deploy in sectors such as residential but pivoted away from development. Longer term pipelines in many regions including Wales, the North West and Yorkshire remain strong with many developments primed pending improved viability. Supply Chain adapting and absorbing While the Middle East conflict continues to affect input costs, the supply chain has adapted with many absorbing costs and early engagement recommended. Paul Beeston, RLB’s Head of Service Industry and Service Insight comments, “While global challenges are more broadly leading to secondary impacts on pipelines, sectors and regions each have bright spots carrying construction momentum. In many sectors cost absorption into 2027 will be a feature of the market and pipelines are primed for activity when viability allows. Tender price levels indicate it is a good time to engage the market, but clients should be cognisant that it is risk profile and client governance that are key determinants of both pricing levels and appetite to bid.” Click here to read RLB’s full Construction Market Intelligence Q3 report. Building, Design & Construction Magazine | The Choice of Industry Professionals
Pluto Finance has reached £1 billion of cumulative lending through its flagship institutional lending vehicle, marking a significant milestone for the real estate finance specialist as it continues to support residential development across the UK and Europe. The milestone comes as Pluto provides development finance for a new Build to Rent scheme in the Midlands, further strengthening its exposure to the living sector at a time when institutional capital continues to play an important role in delivering new rental housing. Pluto Finance specialises in real estate private credit, providing development, bridging and investment finance across residential and commercial property. Since its formation in 2011, the business has deployed more than £4 billion across over 350 loans and has helped finance the delivery of more than 15,000 new homes. Its flagship lending strategy has increasingly focused on areas where housing supply remains constrained, providing capital to developers and supporting projects ranging from conventional residential development to purpose-built rental accommodation. The £1 billion milestone also reflects Pluto’s expansion beyond the UK. The lender now operates across markets including Ireland, Germany, the Netherlands, Spain and Portugal, as it develops a broader European real estate finance platform. Institutional backing has played an important role in that growth. Universities Superannuation Scheme, one of the UK’s largest pension schemes, holds a substantial minority stake in Pluto, while the lender established a strategic partnership with Blackstone in 2025 focused on originating and executing larger mid-market real estate loans across Europe. For the BTR market, the latest Midlands financing demonstrates the continued role of alternative lenders in unlocking development at a time when construction costs, viability pressures and changing traditional bank lending appetite remain important considerations for developers. Sustainability is also increasingly embedded within Pluto’s lending strategy. Its Low Carbon Lending Programme provides incentives for developments achieving defined reductions in embodied and operational carbon, while much of its development lending has historically supported brownfield sites and urban regeneration. The latest BTR development loan therefore forms part of a much wider residential investment strategy, combining institutional capital with development finance to support the delivery of new homes. With its flagship vehicle now passing £1 billion of cumulative lending and its European operations expanding, Pluto Finance’s latest milestone highlights the growing importance of private credit to the UK’s BTR and wider residential development markets. Building, Design & Construction Magazine | The Choice of Industry Professionals
Building performance and M&E engineering specialist Mesh has appointed Jen Wallace as Managing Director to lead the business in the next phase of its growth. Jen joined Mesh in 2019 as one of the company’s first employees, progressing from a junior renewable energy consultant to Team Lead, before being appointed Operations Director in 2022. Over the past seven years, she has played a pivotal role in developing the systems, processes and culture that underpin all of Mesh’s services in the construction sector. Her appointment comes as Mesh continues to broaden its work across the built environment, combining building physics analysis with building services design to help clients and developers to improve the energy efficiency of new housing, public and commercial buildings. In her new role as Managing Director, Jen now takes responsibility for leading operations, people and culture, sales and marketing, and the day-to-day running of the business. Commenting on this appointment, Jen said: “This is an incredibly exciting time to be working in building engineering and the opportunities for Mesh across the built environment are considerable. Developers need to respond to increasingly demanding legislative requirements around energy performance, carbon emissions and overheating caused by a changing climate. Building owners are facing similar challenges which require improving and decarbonising existing facilities to drive down energy costs, transition away from fossil fuels, and maintain occupier comfort. Digital technology and automation continue to advance apace. We are developing and applying multiple tools to automate the more repeatable data processes to enable our engineers to focus their expertise where it adds the most value to our customers. Mesh has evolved enormously since I joined the business. However, what has remained consistent is our focus on understanding what clients are trying to achieve and using data-led evidence to help them make better decisions. Our approach is to bring together building physics and M&E engineering rather than looking at individual issues in isolation. This means we can quantify the impact of different energy strategies and assess the implications on running costs and carbon emissions to achieve the right balance of what is practical and deliverable for every project. I am extremely proud of the people and culture we have built at Mesh. There is a genuinely shared commitment to improving the sustainability of buildings and the wider environment that we live and work in. I am looking forward to leading the next stage of the business.” Doug Johnson, Founding Director of Mesh: “The opportunities ahead are significant. Whether we are working with architects to create better-performing buildings, pushing the boundaries of sustainable design and engineering, or helping organisations develop practical strategies to decarbonise existing facilities, property managers, architects and developers increasingly need joined-up engineering advice backed by robust analysis to inform decision making. Jen has had a very positive impact on Mesh’s growth. She joined us at a very early stage having worked in the charitable and local authority sectors. She has helped to build much of the operational infrastructure that has enabled Mesh to develop its customer base and services – and maintain a high level of repeat business. Jen understands the commercial and operational realities and challenges our clients face. Her progression from energy consultant to Managing Director reflects her talent as a business leader in the built environment. I am delighted that she has accepted this role to lead Mesh through its next phase.” Mesh’s services have continued to broaden as Building Regulations have become more stringent and renewable energy technologies have advanced. Its work now ranges from energy strategies and overheating analysis, operational and embodied carbon assessments, compliance and planning support, through to M&E design, tender specifications and strategies for decarbonising existing buildings. Mesh also has a number of niche specialisms – working with architects and planning consultants on National Planning Policy Framework HO11 projects that demand innovation and excellence in sustainability and design; developing energy strategies for complex estates and building portfolios needing to reduce energy consumption and accelerate decarbonisation, and embodied carbon analysis such as for M5 planning policy for replacement buildings. A key priority under Jen’s leadership will be the continued development of digital systems and automation for repetitive tasks and data collection to allow Mesh’s engineers to maximise their time on strategic analysis, problem solving, and developing practical, evidence-based solutions for clients. For more information, see www.mesh-energy.com or email info@mesh-energy.com. Building, Design & Construction Magazine | The Choice of Industry Professionals
Downing has secured a £249.2 million refinancing package for two major residential towers at its £400 million Square Gardens development in Manchester, marking another significant milestone for one of the city’s largest new living schemes. The financing, provided by Bank of Ireland, covers Acer and The Fernley, the two completed co-living buildings within the wider Square Gardens development in Manchester’s First Street district. Together, the buildings provide a major concentration of new rental accommodation, with the 25-storey Acer and 45-storey Fernley forming the first two phases of the development. Both buildings are now operational, demonstrating the scale of demand for professionally managed, amenity-led rental accommodation in Manchester. Designed by Manchester-based SimpsonHaugh Architects, Square Gardens represents a substantial addition to the city’s evolving residential landscape. The wider £400 million development has been conceived as a new urban neighbourhood combining high-density living with extensive shared amenities, landscaped spaces and public realm. Residents have access to facilities including a gym and wellness centre, co-working and meeting areas, social lounges, private dining spaces and extensive landscaped gardens and terraces. Sustainability has also formed an important part of the development, with measures including air source heat pumps, while the scheme has targeted BREEAM Excellent and EPC A ratings. The refinancing represents an important financial milestone following the completion and occupation of the two buildings. Savills Capital Advisors advised Downing on the transaction. Bay Downing, joint chief executive of Downing, described the deal as a landmark transaction for the business, highlighting the strength of the company’s portfolio and growing opportunities across the living sector. The deal is also significant for the wider UK residential market. Large-scale co-living and Build to Rent developments are becoming an increasingly established component of regeneration in major regional cities, combining new housing supply with extensive shared facilities and professionally managed environments. Square Gardens has been created using Downing’s vertically integrated approach, with development, construction and ongoing management delivered by the business. This has enabled the company to take the scheme from construction through to operation within the wider group. With Acer and The Fernley now completed and backed by £249.2 million of refinancing, Square Gardens is moving firmly from major construction project to established residential destination, reinforcing Manchester’s position as one of the UK’s leading markets for large-scale rental and co-living development. Building, Design & Construction Magazine | The Choice of Industry Professionals
Karen Carter, public sector director at public procurement specialist Pagabo, has shared her thoughts following the government’s announcement on its intention to review plans for local government reorganisation (LGR) and ensure alignment with its wider plan to rewire the state. Karen said: “This week’s announcement adds another layer of uncertainty for councils that have already spent months planning for reorganisation. Four areas have had their plans withdrawn, another 14 are paused pending review, and the 2027 elections will now be fought on existing boundaries. “For the teams involved, that’s a lot more work suddenly required without a clear landing point. But the fundamentals haven’t changed. Schools still need building, homes still need delivering, and estates still need maintaining. None of that waits for a structural decision in Whitehall. The risk in moments like this is that authorities press pause on everything, not just reorganisation, and lose a year of delivery to a decision that isn’t theirs to make. It’s vital that local authorities remember that successful transition will depend not only on the governance design, but on collective leadership and the ability to maintain shared action while navigating the road ahead. “Our advice remains the same as prior to this latest government announcement. That is to keep statutory service delivery moving and focus on decisions that will be unaffected by reorganisation. This means procuring through compliant, flexible routes that transfer cleanly to whatever structure eventually emerges. Similarly, ensure contract, asset and supplier data is in order because that is the groundwork every future authority will need regardless of how new boundaries are formed. Finally, keep the relationships with your supply chain warm so that you can move quickly when clarity comes. “Uncertainty is not the same as standstill. The authorities that come through this best will be the ones that use the pause to get their house in order – rather than waiting to be told what shape they’ll be.” For more information and guidance, check out Navigating Local Government Reorganisation – which was recently published by Pagabo. Building, Design & Construction Magazine | The Choice of Industry Professionals
Cardo Group has rapidly expanded its position in the UK building maintenance market, creating a business with full-year revenues of £314 million following a sustained programme of acquisitions and organic growth. The Cardiff-based group, which specialises in repairs, maintenance and improvement services for the social housing sector, reported statutory turnover of £239 million for the year to February 2026, representing a 65% increase. Growth was supported by seven acquisitions during the period alongside expansion across Cardo’s existing operations, as the business continues to build greater regional coverage and broaden the specialist services it can provide to housing clients. Operating profit more than doubled from £6 million to £14 million, with the operating margin increasing from 4.3% to 5.8%. However, the scale of the enlarged group is better reflected by full-year trading figures incorporating 12 months of revenue from the acquired businesses, which put turnover at £314 million and adjusted EBITDA at almost £32 million. Cardo’s acquisition programme has brought a diverse range of building maintenance capabilities into the group. Deals have included Breyer’s roofing division, energy specialist SERS operations in Scotland and Wales, CTS Projects, Scottish roofing contractor Faskin Group, passive fire protection specialist Gunfire and Trident Maintenance Services. Expansion has continued since the financial year-end. Welsh electrical maintenance specialist EFS Systems (UK) joined Cardo in May, followed in July by R Lewis & Co (UK) Holdings and subsidiary R Lewis & Co (UK), strengthening the group’s passive fire safety capabilities. In August, Cardo added Andover-based plumbing and heating specialist Correct Contract Services, further expanding its building services offering and geographical reach. The acquisition strategy has been accompanied by significant workforce growth. Average employee numbers increased from approximately 780 to 1,276, with much of the expansion concentrated within operational roles. Cardo’s balance sheet also reflects the pace of investment. Cash increased from £9.9 million to £15.1 million, while long-term creditors rose from £30.5 million to £81.6 million as acquisition financing was deployed to support the group’s expansion. The business is now looking to combine further strategic acquisitions with organic growth secured through long-term repairs and maintenance contracts. Its strategy is particularly focused on strengthening regional delivery capabilities across the social housing market while bringing together complementary services including roofing, electrical works, heating, energy efficiency and passive fire protection. Further consolidation is also planned within Scotland, where Heatcare Oil and Gas and Rodgers & Johnston are set to be integrated into Cardo Scotland. With a strong forward order book and growing pipeline of opportunities, Cardo is positioning the enlarged group for further expansion as investment in housing maintenance, building safety, energy efficiency and asset improvement continues across the UK. Building, Design & Construction Magazine | The Choice of Industry Professionals
Some of the UK’s biggest facilities management and building services contractors have secured positions on a new government framework valued at up to £120 billion, opening the door to a major pipeline of public estate work over the next eight years. The Government Commercial Agency framework, RM6378, is set to become a recommended procurement route for facilities management services across central government. It will also be available to local authorities, NHS organisations, police forces, fire and rescue services, education bodies and devolved administrations. Competition for the largest Total Facilities Management contracts has attracted many of the sector’s leading names. Eighteen businesses have been appointed to the highest-value lot, covering individual contracts worth more than £15 million annually. The successful firms include Amey, CBRE, Compass, Dalkia, Equans, G4S Facilities Management, ISS, JLL, Kier, Mitie, OCS, Robertson Facilities Management, Serco, Skanska, Sodexo, Vinci Facilities, Vivo Defence Services and Wates. For the construction and built environment industry, the framework also represents a substantial opportunity for contractors delivering hard FM, engineering, maintenance and asset management services across the public estate. Forty businesses have secured positions on the major Hard FM lot for contracts valued above £2 million per year. Among those appointed are Amey, BAM FM, CBRE, Dalkia, Equans, Galliford Try, Graham Asset Management, Kier, Mears, Mitie, NG Bailey, OCS, Robertson, Serco, Skanska, Vinci Facilities, Vivo and Wates. The framework has been structured to accommodate public sector estates and contracts of significantly different scales. Total FM is divided into three bands covering contracts worth up to £2 million annually, between £2 million and £15 million, and more than £15 million. Hard FM is split between contracts below and above £2 million a year. A core group of contractors has achieved particularly strong coverage across the framework. Fifteen firms secured places across all five Total FM and Hard FM lots: Amey, CBRE, Equans, ISS, JLL, Kier, Mitie, OCS, Robertson, Serco, Skanska, Sodexo, Vinci Facilities, Vivo Defence Services and Wates Property Services. A further group, including BAM FM, Dalkia Facilities, Galliford Try Facilities Management, Graham Asset Management and Mears FM, secured positions across four lots. The scale and duration of the framework make it an important development for the management and maintenance of the UK’s public buildings and infrastructure. Alongside day-to-day FM provision, major hard services contracts can encompass the engineering, maintenance and long-term performance of complex property portfolios. With public bodies continuing to face pressure to improve building efficiency, modernise ageing estates and manage assets more effectively, the framework provides a long-term procurement platform through which significant programmes of FM and building services work can be commissioned. The agreement is scheduled to operate for eight years, running through to August 2034, giving successful contractors access to what could become one of the most significant public sector facilities management pipelines in the UK. Main Total FM and Hard FM winners Building, Design & Construction Magazine | The Choice of Industry Professionals
Pre-engineered steel is taking share in low-rise commercial development because it moves structural engineering, fabrication and quality control off the site and into a factory, which shortens the critical path and puts a code-ready, stamped drawing set in the developer’s hands earlier than conventional construction usually manages. Metal building systems account for a substantial share of new low-rise, nonresidential floor area in the United States, a position the Metal Building Manufacturers Association follows through its industry trends reporting, and that share was built up over decades on warehouses, light industrial units, retail shells, offices and mixed-use blocks of two or three storeys. The model is less familiar to UK developers, but the reasoning behind it travels, and so does the main procurement trap inside it. Most published comparisons of pre-engineered steel lead with cost. That framing is the least useful one for a developer, because price is the output of a specification that has not been written yet. The four things worth examining before that point are schedule sequencing, the engineering documents, how expansion gets designed in, and who you are actually buying from. The schedule argument is a sequencing argument The schedule gain in a pre-engineered steel building comes from parallel work, not from fast erection. While the primary frames, secondary framing and cladding are being fabricated in a plant, the site is doing groundworks, drainage and foundations, so two long-lead activities run side by side instead of end to end. Erection is quick once the steel lands, but erection was never the part of the programme that hurt. That parallel sequence only holds if the design is frozen early. A pre-engineered system prices and fabricates against a fixed geometry, load case and opening schedule, so a decision to move a roller door or add a mezzanine after release to fabrication costs far more programme time than the same change would in a steel-frame build detailed on site. Developers who do well out of the format tend to be the ones who run their tenant conversations before release, not after. Weather exposure is the other schedule variable that changes shape. Factory fabrication in controlled conditions removes a large block of field labour from the programme, which matters more in a wet winter than any theoretical erection rate does. The site crew is bolting together finished members rather than cutting, fitting and welding in the open. Stamped drawings are the part developers underestimate Engineering documentation is the quiet reason pre-engineered systems clear approvals faster. A genuine manufacturer produces the anchor bolt plan, reactions, frame cross-sections and erection drawings as part of the order, sealed by a professional engineer licensed in the project’s jurisdiction, so the building official and the developer’s own structural consultant are reviewing a coordinated set rather than assembling one. The practical value shows up at two moments. The first is permitting, where a complete stamped package tends to attract fewer requests for information. The second is foundation design, because the manufacturer’s reaction data is what the geotechnical and foundation engineers need before anyone pours anything, and late reactions stall the site while the steel sits in a plant yard. Ask at tender stage when the stamped drawings arrive, who seals them, and whether design changes after approval trigger a re-seal. The answers differentiate suppliers more sharply than any brochure claim about steel grade. Expansion has to be engineered before the first bolt goes in Expansion in a pre-engineered steel building is cheap if it was planned and awkward if it was not. A frame ordered as expandable gets a rigid endwall rather than a bearing endwall, with the foundations, bracing and reactions sized for the future bays, so adding 60 or 80 feet later means unbolting the sheeting and continuing the line. A frame ordered without that provision needs the endwall rebuilt and the foundations reworked, which is a different project. Developers holding land for phased delivery, or letting to tenants with growth clauses, should specify the expansion case in the original enquiry even if they never use it. The design cost of an expandable endwall is modest at order stage and effectively unrecoverable afterwards. Bolted steel frames also come apart, which matters for exit strategy and for planning arguments about circularity. UK guidance on recycling and reuse of structural steel records recovery rates for structural sections at the top end of construction materials, and a bolted, documented frame is considerably easier to demount and reuse than a welded or composite one. Manufacturer or broker is the question that decides the rest Much of the pre-engineered steel market is sold by brokers, dealers and kit resellers who do not own a plant, do not employ engineers and pass the order to whichever fabricator quotes best that month. The distinction is invisible in marketing and very visible in a dispute, because a reseller cannot reseal a drawing, cannot reschedule a fabrication slot and cannot answer a technical query without relaying it. Developers who buy on schedule certainty should be establishing, in writing, whether the counterparty manufactures. Buying manufacturer-direct compresses the chain to one accountable party for engineering, fabrication and delivery. Universal Steel of America, a Peachtree Corners company founded in 1995 that manufactures pre-engineered systems for low-rise projects only, runs that model across its commercial steel buildings work, with in-house engineering, PE-stamped drawings, and a stated plant network covering every region of the United States that ships directly to site from the closest plant. The point for a developer is not the brand but the structure of the relationship: when the engineer, the fabricator and the shipper answer to the same company, a mid-project change has one owner rather than three. Third-party accreditation helps test the claim. IAS AC472 accredits a metal building manufacturer’s design, fabrication and inspection programme, and a building official may accept that accreditation as evidence that the manufacturer qualifies as an approved fabricator under Chapter 17 of the International Building Code, which can remove duplicate in-shop inspections. One detail gets misread often: AC472
Global real estate advisor, CBRE, has secured a forward funding agreement for five prime units at Orchard Park site Global real estate advisor CBRE has brokered a £72 million pre-construction forward funding commitment between a US based investor and Newlands Developments, in association with Tulchan Development, enabling the speculative delivery of much-needed industrial and logistics development in Central Scotland. The commitment represents the largest speculative forward funding deal for an industrial and logistics project in Scotland for 30 years. The investment will unlock the speculative delivery of Orchard Park, a 40-acre industrial and logistics development at Eurocentral, Scotland’s flagship logistics hub. The development will deliver 353,000 sq ft of new Grade A accommodation across five units ranging from 42,500 sq ft to 122,500 sq ft, with bespoke design options also available to suit occupier requirements. Development is scheduled to commence on site in Q1 2027 with practical completion targeted for Q2 2028. Occupying a strategic position within the Eurocentral estate, Orchard Park benefits from direct access to the M8 motorway via a dedicated junction, providing connectivity to the national motorway network, while Scotland’s two principal airports are both within a 30-minute drive of the development. Existing occupiers within Eurocentral span the distribution, logistics and office sectors, including DHL and GXO Logistics. The investment decision is underpinned by sustained occupier demand across Scotland’s industrial sector, particularly within the Central Belt and along the M8 corridor, where vacancy rates remain exceptionally low at approximately 2.5%. Bryce Stewart, Senior Director at CBRE and Iain Davidson, Director at Colliers, are the retained letting agents on the scheme. Stephanie Bishop, Development Director at Newlands Developments, commented: “This is a significant milestone for Scotland’s industrial and logistics market and a strong vote of confidence in the sector from one of the world’s leading real estate investors. We are delighted to be investing in Scotland again alongside our Glasgow-based delivery partner, Tulchan Developments. “We believe this investment will attract significant occupiers who require top quality buildings available in the immediate future. It will reinforce Scotland’s position as an increasingly important destination for industrial and logistics investment.” Douglas Steele, Associate Director at CBRE, said: “We are very pleased have brokered a transaction of this scale and significance, bringing a much-needed injection of capital into Scotland’s industrial and logistics sector.” “The deal reflects the growing international recognition of the opportunities within the country’s I&L sector. Orchard Park will be central in building that momentum, delivering high-quality, strategically located space that can help address occupier demand and set a new benchmark for industrial development in Scotland.” Building, Design & Construction Magazine | The Choice of Industry Professionals
Thakeham and Abri have completed work at Manorwood, West Horsley, delivering 139 homes designed to reflect the character of the local area. The new community includes 56 affordable homes and 74 for private sale, comprising bungalows and 2, 3, and 4-bedroom homes. Manorwood is currently 90% sold, with just nine homes still available to buy. The homes feature electric vehicle (EV) charging points, and over 300 solar panels were installed across the site. Manorwood properties achieve an impressive reduction in carbon emissions, averaging 1.5 tonnes of CO2 per year, which is about half the UK average. In addition, the development has wildlife-friendly features such as bird and bat boxes. Local couple, Lia and Ross, who moved into their first home together recently said that Manorwood offered the right balance of familiarity and fresh beginnings. It felt connected to the surrounding village, with homes that sat comfortably alongside the local architecture and streetscape. “We just fell in love with it,” says Lia. “It was one of those moments where we said, ‘we’ll just have a look’ – and then a couple of weeks later, we were here reserving our first home together.”* Matt O’Halloran, Operations Director at Thakeham said: “Manorwood has delivered 139 quality new homes that fit seamlessly into the existing village, but that offer all the benefits of modern construction.” “We are proud to have provided, in partnership with Abri, a new nursery building for local children, a junior sports hall, and two padel courts, marking this development out from others in the area. The community feel is already growing as people move into Manorwood, and once the final homes have sold, it will only get stronger.” Sally Ingham, Director of Development at Abri said: “Completing all 139 homes at Manorwood is a fantastic milestone. Fifty-six of these are affordable homes, meaning local people who might otherwise have been priced out of the area now have a genuinely affordable place to live. High quality, sustainable homes like these are exactly what we need as we work towards our ambition of building 20,000 homes by 2036.” Building, Design & Construction Magazine | The Choice of Industry Professionals