Kenneth Booth
Pluto Finance Hits £1bn Lending Milestone as BTR Investment Expands

Pluto Finance Hits £1bn Lending Milestone as BTR Investment Expands

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

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Why hotels and hospitality venues present unique maintenance challenges and how FM teams can overcome them

Why hotels and hospitality venues present unique maintenance challenges and how FM teams can overcome them

From budget hotel chains to luxury resorts and large restaurant groups, hospitality venues face some of the most complex operating environments, regulatory obligations, and maintenance requirements.  These properties contain a wide variety of spaces, building systems and assets, from bedrooms and event spaces to commercial kitchens, HVAC and water systems,

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Local government reorganisation review: Ensuring continuity in the face of uncertainty

Local government reorganisation review: Ensuring continuity in the face of uncertainty

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

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Confidence gap: 70% of architects say they meet acoustic needs, but sound is rarely considered before Stage 4

Confidence gap: 70% of architects say they meet acoustic needs, but sound is rarely considered before Stage 4

New research from Oscar Acoustics has revealed a disconnect between industry confidence in meeting people’s acoustic needs and the point at which acoustics are actually considered in the design and construction process. Seven in ten (70.4%) UK architects and construction professionals say they are confident they meet the acoustic requirements

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JLL Expands Global PAFM Partnership with Nestlé Across 130 Countries

JLL Expands Global PAFM Partnership with Nestlé Across 130 Countries

JLL has been selected by Nestlé to provide global real estate portfolio services across 130 countries, significantly expanding the relationship between the two businesses and creating an integrated approach to managing the food and beverage group’s international property requirements. The new assignment covers Nestlé’s diverse portfolio of office, industrial and

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OP appointed to deliver Boyes Turner’s new Reading workplace

OP appointed to deliver Boyes Turner’s new Reading workplace

OP has been appointed to design and deliver a new 19,611 sq ft workplace for regional law firm Boyes Turner at One Forbury Square in Reading. The project continues a longstanding relationship between the two Reading-based businesses. Through workplace consultancy, occupancy analysis and conversations with Boyes Turner’s people, OP has

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Latest Issue
Issue 344 : Sep 2026

Kenneth Booth

Pluto Finance Hits £1bn Lending Milestone as BTR Investment Expands

Pluto Finance Hits £1bn Lending Milestone as BTR Investment Expands

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

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Why hotels and hospitality venues present unique maintenance challenges and how FM teams can overcome them

Why hotels and hospitality venues present unique maintenance challenges and how FM teams can overcome them

From budget hotel chains to luxury resorts and large restaurant groups, hospitality venues face some of the most complex operating environments, regulatory obligations, and maintenance requirements.  These properties contain a wide variety of spaces, building systems and assets, from bedrooms and event spaces to commercial kitchens, HVAC and water systems, lifts and leisure facilities.  Maintenance is therefore critical not only to compliance and long-term asset value but also to guest satisfaction and brand reputation, meaning there is little room for disruption or error, especially during periods of peak occupancy.   Matt Voyle, Senior Account Executive at SFG20, the industry standard for hotel facilities management, has shared the key challenges facing hotels and hospitality venues today and why a structured approach to planned maintenance is essential for FM teams operating across the sector. A significant water-safety risk in hotels and hospitality venues is Legionella. When guest rooms, outlets, or sections of a water system are used infrequently, water can stagnate and create conditions favourable to bacterial growth. Seasonal properties and temporarily closed wings therefore require particular attention.  Control should be based on a suitable risk assessment and managed by someone with the appropriate knowledge and training. Depending on the systems and the findings of the assessment, measures may include temperature control, regular flushing of infrequently used outlets, inspection, cleaning and descaling, and documented checks. FM teams can strengthen control by maintaining reliable information about their water systems and implementing a risk-assessment-led maintenance regime. Appropriate monitoring technology may support this approach, but it does not replace the required assessment, controls, and documented checks.  Unlike offices or retail environments, where lower-occupancy periods allow planned maintenance to take place with minimal disruption, hotel and hospitality venues have to accommodate guests day and night.  Hotels, as well as cafes and restaurants, have very small downtime windows, giving little time for anything other than routine checks. This means small issues can go unnoticed, potentially developing into larger problems further down the line.  Maintenance planning must therefore avoid a one-size-fits-all approach and instead be precise and structured around the operational realities of each property rather than being generically applied across the estate.  The condition and performance of hotel and hospitality buildings is highly visible to guests, meaning there’s zero room for failure. Issues with HVAC, hot water, lifts, lighting, plumbing or other facilities can quickly lead to complaints, negative reviews and lost return business. Common issues include water temperature problems, noise complaints, humidity, kitchen extract failures, false fire alarms and out-of-service lifts, which can all impact accessibility and guest satisfaction. For hotel management companies overseeing maintenance across multiple properties, consistent FM performance is essential for meeting brand standards, supporting owner and operator reporting and protecting the long-term value of assets. Large hotel and hospitality operators often manage estates spanning properties of different ages, formats, historic importance and building types, each with their own asset profiles and maintenance histories. This creates additional complexity for FM teams, particularly when managing heritage properties that may be subject to planning or conservation constraints alongside independently branded and franchised sites with different standards and owner expectations. Without a common maintenance baseline, standards can vary and compliance gaps can emerge, while inconsistencies become increasingly costly to resolve as portfolios grow. Holiday parks and resorts present a particularly complex FM environment, combining different accommodation types such as lodges, holiday homes, cottages, and apartments with commercial kitchens, dining areas, pools, gyms, entertainment facilities, and outdoor amenities. The diversity of these building types, as well as asset ages and infrastructure, combined with seasonal demand, makes it difficult for FM teams to apply a generic maintenance approach. This becomes even more complex when it comes to all-inclusive resorts, where guests have limited alternatives to facilities on site.  Matt Voyle adds:  “With maintenance varying from property to property, having a trusted framework for planned maintenance, organisations and venues can create a more consistent and structured approach. For hotels and hospitality organisations, that means identifying applicable maintenance tasks and recommended frequencies, distinguishing statutory requirements from industry best practice, and documenting where site-specific tailoring is needed. Hospitality estates vary widely. A strong approach combines a consistent baseline with controlled, evidence-based tailoring, creating a maintenance regime that is practical, auditable and commercially workable Download SFG20’s free e-guide, How Hotels and Hospitality FM Teams Can Improve Compliance, Control Costs and Run More Efficiently, for practical guidance on reviewing and strengthening your maintenance approach.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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£120bn Government FM Framework Sets Stage for Major Public Estate Contracts

£120bn Government FM Framework Sets Stage for Major Public Estate Contracts

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

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£249m Refinancing Backs Next Chapter for Manchester’s Landmark Square Gardens

£249m Refinancing Backs Next Chapter for Manchester’s Landmark Square Gardens

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

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Local government reorganisation review: Ensuring continuity in the face of uncertainty

Local government reorganisation review: Ensuring continuity in the face of uncertainty

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

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Confidence gap: 70% of architects say they meet acoustic needs, but sound is rarely considered before Stage 4

Confidence gap: 70% of architects say they meet acoustic needs, but sound is rarely considered before Stage 4

New research from Oscar Acoustics has revealed a disconnect between industry confidence in meeting people’s acoustic needs and the point at which acoustics are actually considered in the design and construction process. Seven in ten (70.4%) UK architects and construction professionals say they are confident they meet the acoustic requirements of everyone who uses a building, including neurodivergent people and those with hearing challenges. Yet the research suggests acoustics are often not given proper consideration until key decisions affecting how a space will sound have already been made. Acoustics comes too late in the process The research, commissioned by Oscar Acoustics and conducted among 500 UK construction professionals and 250 UK architects, shows how late acoustics can enter the process. Among architects, nearly six in ten (57.2%) say acoustics do not get proper attention until RIBA Stage 4, Technical Design, or Stage 5, Construction.By this point, decisions around layout and materials are largely settled, limiting the opportunity to design for sound from the outset and making problems harder to address later. Construction professionals describe a similar pattern. Fewer than one in 25 (3.6%) say acoustics is considered at the initial client briefing stage, when there is still an opportunity to shape the fundamentals of a scheme. Meanwhile, around a third (33.8%) leave it until construction or fit-out, once the building’s shell is already up. The consequences of getting acoustics wrong Poor acoustic environments are estimated to cost UK businesses more than £40 billion a year* through lost productivity, staff turnover and customer dissatisfaction. The impact is also felt by the people using these spaces. When acoustics are addressed late in the process, the needs and experiences of occupants risk being considered after many of the critical decisions affecting their environment have already been made. Designing for people, not averages Gillian Burgis Smith, founder of inclusive design consultancy Strawberry Leopard Limited and co-creator of the “Joyful Journey” methodology, has experienced this disconnect first hand. Following two strokes and a brain tumour diagnosis in 2019, her own experience of the built environment changed profoundly, highlighting why environments must be shaped by lived and living experience, not assumptions about an “average” user. She said: “The disconnect comes from confidence being mistaken for competence at implementation and that is where the gap opens up.” “The profession is becoming more confident about the language of neuro-inclusive and sensory design, but less consistent in the systems needed to deliver it. You have to bring in people with lived and living experience, and design must adapt to the needs of the user, not the other way around. “In practice, that means testing designs with diverse users early and often, then iterating so spaces work for real people, not averages. A building is a dynamic ecosystem for a dynamic ecosystem of people.” Where confidence and practice diverge Ben Hancock, Managing Director of Oscar Acoustics, said: “While architects and construction professionals feel confident about meeting people’s acoustic needs, our research suggests there is a gap between that confidence and the point at which acoustics are considered in practice.” “When acoustic design is considered as a late-stage addition, rather than a core element of the building strategy, it can have a severe impact on the people who use a space. “This is particularly the case for the 60% of UK adults who are noise-sensitive, including neurodivergent individuals and those with hearing challenges. “But poor acoustics also cost businesses directly, through lower productivity, higher staff turnover and reduced office attendance. The industry is taking a risk not only with people’s wellbeing but also with its own clients’ bottom line.” Calls for greater industry support The findings also suggest architects and construction professionals want more formal support around acoustic design. Around one in six (15.8%) construction professionals and one in five (19.2%) architects back a recognised certification for acoustically inclusive buildings. Meanwhile, around one in five (19.4%) construction professionals and more than one in five (22.0%) architects want mandatory acoustic standards written into building regulations. A framework for acoustic inclusion Sownd Certification, developed by Sownd Affects, with independent testing carried out by the Institute of Sound and Vibration Research at the University of Southampton, is the world’s first framework recognising spaces with proven acoustic performance as audio-inclusive. It assesses spaces across three tiers, from Bronze foundations through to Silver and Gold, based on measures including reverberation time, background noise and speech clarity. Oscar Acoustics’ Innovation Centre in Halling, Kent, is the world’s first Sownd Certified building, providing architects and specifiers with a working example of acoustically inclusive design in practice. To find out more about Sownd Certification or to arrange a visit to Oscar Acoustics’ Innovation Centre in Halling, Kent, visit https://www.oscar-acoustics.com/. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Battersea Power Station Unveils Vision for Final 3.2m Sq Ft Mixed-Use Transformation

Battersea Power Station Unveils Vision for Final 3.2m Sq Ft Mixed-Use Transformation

Plans have been submitted for the final major chapter of the Battersea Power Station regeneration, setting out how the remaining 16 acres of the landmark London development could deliver up to 3.2 million sq ft of new residential, commercial, retail, leisure and cultural space. Battersea Power Station Development Company has brought forward the refreshed proposals for the undeveloped part of the 42-acre riverside site, with Studio Egret West reworking the original masterplan created by Rafael Viñoly more than 15 years ago. The revised approach responds to changing expectations around how people live, work and spend their leisure time, while placing greater emphasis on connectivity, public realm and creating a finer-grained urban neighbourhood around the Grade II* listed power station. Rather than relying on larger development blocks, future phases would be arranged as clusters of smaller buildings connected by new streets, lanes, courtyards and pedestrian passages. New sightlines are also planned to improve views towards the historic power station. Landscape and public realm will form a major component of the next stage. Proposals include a new green connection across Nine Elms Lane towards Nine Elms Park, described by the development team as a “green handshake”, further integrating Battersea Power Station with the surrounding neighbourhood. A significant cultural component is also proposed. A new destination known as the “Third Generator” would provide space bringing together arts, music, fashion, food, education and sport, broadening the mix of uses already established across the regeneration. Progress is continuing elsewhere on the masterplan. Detailed consent has already been secured for Phase 5A, where Battersea Power Station Development Company is working in partnership with Wandsworth Council to deliver 200 council homes. Construction is targeted to begin in 2027. Sisk is also progressing Prospect Place South, where two buildings designed by Gehry Partners will provide around 300 homes alongside approximately 65,000 sq ft of commercial accommodation and a 15,000 sq ft community hub. James Saunders, chief executive of Battersea Power Station Development Company, said changes in working patterns, digital integration and the way people interact with cities had influenced the evolution of the masterplan. He said: “Our refreshed masterplan seeks to place community and connection at the core of Battersea Power Station.” The final build-out represents a substantial extension of one of London’s most prominent regeneration projects. With up to 3.2 million sq ft still to be delivered, the proposals would nearly double the amount of development completed so far and create a significant long-term pipeline of opportunities across construction, architecture, engineering, fit-out, landscaping and the specialist supply chain. The latest plans also underline Battersea Power Station’s continuing evolution from a major heritage regeneration project into a fully established mixed-use London neighbourhood. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Universal Unveils Major Construction Team for £5bn Bedford Theme Park Resort

Universal Unveils Major Construction Team for £5bn Bedford Theme Park Resort

Universal has revealed the first major contractors and consultants appointed to its £5 billion theme park and resort in Bedford, providing the clearest indication yet of the scale of the construction team being assembled for one of the UK’s most significant leisure developments. Bovis, Galliford Try, Morgan Sindall, Careys, Sir Robert McAlpine, Wates and Winvic are among 23 businesses appointed to support delivery of the Universal United Kingdom Resort, which will transform the former Kempston Hardwick brickworks site south of Bedford. Individual construction packages and contract values have yet to be announced, but the appointments bring together some of the UK’s largest contractors alongside an extensive professional and technical consultancy team. Consultants and specialists involved include Arcadis, AtkinsRéalis, Buro Happold, Gensler, Gillespies, Gleeds, Mace Consult, Mott MacDonald, Arup, Rider Levett Bucknall and Ridge and Partners. Other specialists appointed include Blumano, Brindle & Green, Oxford Archaeology, Pinsent Masons and Wilson James. Businesses involved during the feasibility and planning stages have also included WSP, LDA Design, SLR Consulting, DWD Property and Planning and Town Legal, with a number continuing to support the project as it moves towards full construction. Enabling works are already under way across the 476-acre site, ahead of a five-year main construction programme that is expected to gather significant momentum. Comcast NBCUniversal has committed more than £5 billion to delivering the destination, while the Government is supporting the wider development with £1.3 billion of investment in road, rail and local infrastructure. Scheduled to open in 2031, the development will become Universal’s first branded theme park and resort in Europe. Plans include several themed lands containing major rides and attractions, alongside a 500-room hotel and an extensive retail, dining and entertainment destination. The project is therefore set to create a substantial pipeline of work extending well beyond the initial contractor appointments, encompassing everything from major infrastructure and structural construction to complex M&E, specialist fit-out, façades, landscaping, hospitality interiors and highly specialised themed environments. Planning permission has been secured through a Special Development Order, allowing the ambitious programme to progress. Universal estimates that the resort could generate around £50 billion in economic benefit, with approximately 20,000 jobs supported during construction and 8,000 direct jobs once operational. The scale of the Bedford development is expected to have a major impact on the regional construction and property market, while creating significant opportunities for contractors, consultants, manufacturers and specialist supply chain businesses over the coming years. With enabling works progressing and the first major delivery partners now confirmed, the Universal United Kingdom Resort is moving firmly from planning into delivery, beginning the transformation of a former industrial site into one of Europe’s most ambitious new leisure and hospitality destinations. Building, Design & Construction Magazine | The Choice of Industry Professionals

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JLL Expands Global PAFM Partnership with Nestlé Across 130 Countries

JLL Expands Global PAFM Partnership with Nestlé Across 130 Countries

JLL has been selected by Nestlé to provide global real estate portfolio services across 130 countries, significantly expanding the relationship between the two businesses and creating an integrated approach to managing the food and beverage group’s international property requirements. The new assignment covers Nestlé’s diverse portfolio of office, industrial and retail properties and will see JLL provide integrated leasing transaction management alongside strategic real estate advisory services. The agreement builds on the lease administration services already provided by JLL to Nestlé and brings together expertise from across JLL’s Work Dynamics and Leasing Advisory businesses through a single integrated account structure. This approach is designed to provide Nestlé with greater consistency and flexibility across regions while improving access to property intelligence and supporting strategic decision-making across its extensive global estate. JLL will also draw on capabilities from its Valuation and Risk Advisory business, wider Portfolio Services operation and technology division, JLL Technologies. Technology and data will play a significant role in the partnership. JLL’s proprietary technology platform will provide enhanced intelligence around Nestlé’s real estate portfolio, including the use of JLL Azara, an AI-powered data analysis application developed to allow business leaders to interact with corporate real estate and facilities management information. The service will also incorporate Horizon, JLL’s proprietary AI platform, which combines public and non-public market intelligence to support investment and capital decisions. The appointment reflects a wider shift within property and facilities management, where multinational occupiers are increasingly looking beyond the day-to-day management of buildings towards integrated real estate strategies combining property data, technology, portfolio optimisation, workplace requirements and operational efficiency. Susan Asprey Price, CEO, EMEA Work Dynamics and Global Head of Portfolio Services at JLL, said the business was delighted to support Nestlé as its real estate strategy continues to evolve. “We look forward to leveraging our integrated global platform to unlock potential for their business worldwide,” she said. Andy Poppink, CEO, Leasing Advisory, EMEA and APAC at JLL, highlighted cost optimisation, flexibility and supply chain resilience as increasingly important considerations for corporate occupiers. He said JLL would use its market expertise, global platform and analytics capabilities to support Nestlé in achieving its objectives across the portfolio. Covering properties in 130 countries, the expanded partnership demonstrates the increasing scale and sophistication of global property and facilities management contracts. For JLL, the appointment also highlights how traditional property services are evolving through the integration of strategic advisory, leasing expertise, data and artificial intelligence, providing major occupiers with a more connected view of how their property portfolios can support wider business performance. Building, Design & Construction Magazine | The Choice of Industry Professionals

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OP appointed to deliver Boyes Turner’s new Reading workplace

OP appointed to deliver Boyes Turner’s new Reading workplace

OP has been appointed to design and deliver a new 19,611 sq ft workplace for regional law firm Boyes Turner at One Forbury Square in Reading. The project continues a longstanding relationship between the two Reading-based businesses. Through workplace consultancy, occupancy analysis and conversations with Boyes Turner’s people, OP has developed a design that responds to the firm’s changing ways of working. The move from a larger, underutilised office provides an opportunity to create a more efficient workplace that strengthens culture and connection while supporting the privacy and concentration required by a modern law firm. The first floor will create an elevated arrival experience for clients, incorporating a dedicated meeting and town hall suite. Above, the staff workplace has been positioned on the upper floors, reflecting Boyes Turner’s decision to prioritise its people and make the most of views across Forbury Gardens. Clearly defined team neighbourhoods will provide identity and ownership, while open circulation and carefully planned adjacencies will help departments connect. A shared breakout and social area will form the heart of the workplace. Positioned in one of the building’s best locations, it will be a destination for the whole firm, with lively communal areas at the centre and quieter work settings towards the perimeter. Intelligent zoning, acoustic treatments and varied workspaces will provide environments for collaboration, confidential conversations and focused work. Existing furniture will be reused where appropriate, with investment directed towards the elements that will have the greatest everyday impact. “Boyes Turner’s move to One Forbury Square is an opportunity to bring people together while supporting the privacy and focus a modern law firm needs. “Our consultancy journey has shaped an intelligent design with a strong social heart. We’re proud to be delivering this project for another leading Reading business.” Tom Parsons, Managing Director at OP The project is now underway, with OP working alongside Boyes Turner and the wider project team to create the firm’s new home. Building, Design & Construction Magazine | The Choice of Industry Professionals

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