Kenneth Booth
Luceco appoints Dr Thorsten Müller as Chief Executive Officer

Luceco appoints Dr Thorsten Müller as Chief Executive Officer

Luceco Group, the leading designer and manufacturer of residential and commercial electrification products and systems, has announced the appointment of Dr Thorsten Müller as Chief Executive Officer, with effect from 1 September 2026.  Thorsten brings extensive experience leading global industrial technology businesses, across lighting, electrification and energy management sectors. Most

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Senior Marketing Appointment Supports Next Phase of Growth at Newett Homes

Senior Marketing Appointment Supports Next Phase of Growth at Newett Homes

Yorkshire housebuilder Newett Homes has appointed Zoe Wheatley as sales and marketing director, recognising the significant contribution she has made since joining the business. With 22 years of industry experience, Zoe began her career as a sales executive before progressing through a range of senior roles. She joined the Wetherby-based

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Landsec Wins Approval to Restart £1bn North London Regeneration

Landsec Wins Approval to Restart £1bn North London Regeneration

Landsec has secured planning approval for a major reset of its £1 billion O2 Centre regeneration in North London, unlocking revised plans for up to 1,800 homes alongside new retail, workspace, leisure and public spaces. Camden Council has approved changes to the 14-acre Finchley Road masterplan after the original proposals

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Sir Robert McAlpine turns sustainability ambition into measurable impact

Sir Robert McAlpine turns sustainability ambition into measurable impact

Five-year strategy records a 33% reduction in carbon emissions, £153m social return on investment and major advances in resource efficiency and responsible sourcing Leading contractor Sir Robert McAlpine has announced the release of its new sustainability impact report, revealing how action across the business has delivered significant reductions in carbon

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Green Light for 425-Home Build-to-Rent Quarter at Cambridge North

Green Light for 425-Home Build-to-Rent Quarter at Cambridge North

Plans for a major 425-home build-to-rent development alongside Cambridge North railway station have secured approval, paving the way for the next phase of the area’s wider regeneration. The Cambridge North Residential Quarter is being brought forward by blocwork, the joint venture between Network Rail property development company Platform4 and developer

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Multi-award-winning 250-home Cotswolds collection passes halfway milestone

Multi-award-winning 250-home Cotswolds collection passes halfway milestone

Spitfire Homes’ multi-award-winning 250-home Ellenbrook collection has passed the halfway milestone, reinforcing its position as one of the Cotswolds’ standout new communities following sustained demand since its launch in 2024. The Moreton-in-Marsh scheme forms part of the exclusive Spitfire Homes Bespoke Collection and has maintained a sales rate well above

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Landsec Lines Up £500m-Plus Deal for Gateshead’s Metrocentre

Landsec Lines Up £500m-Plus Deal for Gateshead’s Metrocentre

Landsec is reportedly emerging as the frontrunner to acquire Gateshead’s Metrocentre in a deal that could value one of Europe’s largest shopping centres at more than £500 million. The FTSE 100-listed real estate investment trust is understood to be leading the race for the landmark North East retail destination, ahead

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Latest Issue
Issue 343 : Aug 2026

Kenneth Booth

Luceco appoints Dr Thorsten Müller as Chief Executive Officer

Luceco appoints Dr Thorsten Müller as Chief Executive Officer

Luceco Group, the leading designer and manufacturer of residential and commercial electrification products and systems, has announced the appointment of Dr Thorsten Müller as Chief Executive Officer, with effect from 1 September 2026.  Thorsten brings extensive experience leading global industrial technology businesses, across lighting, electrification and energy management sectors. Most recently, he was Divisional Chief Executive in the Safety Sector at Halma plc. Prior to joining Halma in 2022, he held senior leadership roles at ABB, Osram and Bosch. Giles Brand, Chair of Luceco, said: “We are thrilled that Thorsten will be joining Luceco as Chief Executive Officer. Thorsten has a proven track record of delivering growth and innovation at industry leading technology companies serving the lighting, electrification and energy management segments. He brings all the necessary skills and experience to drive the continued execution of our strategy.” Dr Thorsten Müller commented: “I am truly excited to be joining Luceco as Chief Executive. Luceco is a business of real quality, and I am grateful for the opportunity to build on the strong foundations that the Luceco team have built. Luceco’s premier brands, market-leading positions and exceptional people give me firm confidence in the core of the business, while the energy transition offers significant further upside that Luceco is exceptionally well placed to capture.” The appointment comes at a time of continued positive momentum for Luceco, with the Group reporting a strong performance for H1 2026. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Workman Strengthens Retail and Leisure Team with Matthew Gioia Partner Appointment

Workman Strengthens Retail and Leisure Team with Matthew Gioia Partner Appointment

Workman LLP has strengthened its retail and leisure property management business with the appointment of Matthew Gioia as a partner, marking his return to the firm where he began his property career 16 years ago. Gioia will co-lead Workman’s London retail and leisure team alongside partner Chris Church, with responsibility for a number of key client relationships as the property specialist continues to invest in its retail and leisure capabilities. The appointment brings Gioia back to Workman following extensive experience across the UK commercial property sector. He originally joined the company’s Manchester office through its graduate scheme before moving to Savills, where he spent four years. He subsequently joined MAPP and has spent the past eight years with the business, helping to lead its retail team and developing significant experience in the management of retail property and client portfolios. His return comes at an important time for the retail and leisure property market, with owners and asset managers increasingly focused on creating well-managed, commercially resilient destinations capable of responding to changing occupier and customer requirements. Gareth Soar, partner at Workman LLP, said: “Matthew joins a team that’s already delivering great results for our retail and leisure clients, and he brings a wealth of experience in the sector to the role. “His appointment reflects our continued investment in specialist talent, and I’m confident he’ll play a key part in helping the team grow and continue to deliver a great service for our clients.” Gioia added: “It’s great to be back at Workman. The firm has grown considerably since I left, but that focus on doing things properly is still very much at the heart of how the team works. “I’m looking forward to working alongside Chris and the wider team, and to putting my experience to work for our clients.” The appointment adds further senior-level expertise to Workman’s retail and leisure property management operation, with Gioia’s experience across different property businesses providing a strong platform to support existing clients and the team’s future growth. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Senior Marketing Appointment Supports Next Phase of Growth at Newett Homes

Senior Marketing Appointment Supports Next Phase of Growth at Newett Homes

Yorkshire housebuilder Newett Homes has appointed Zoe Wheatley as sales and marketing director, recognising the significant contribution she has made since joining the business. With 22 years of industry experience, Zoe began her career as a sales executive before progressing through a range of senior roles. She joined the Wetherby-based developer as sales and marketing manager in May 2025 and was promoted to head of sales in August the same year. As sales and marketing director, she will now lead the company’s sales and marketing strategy, driving the sales team to achieve its targets and support the wider objectives of the business. Zoe’s responsibilities also include raising brand awareness of Newett Homes’ product and its developments, overseeing all aspects of marketing, and ensuring customers continue to receive an exceptional level of service. Commenting on her new position, Zoe, said: “Newett Homes is an ambitious organisation with a fantastic product, and I’m delighted to have been recognised for my part in driving its success. “I am excited to build on our strengths, raise standards across sales and marketing, and help the business achieve its growth plans while continuing to enhance the brand and customer experience.” Established in 2017, Newett Homes is an award-winning housebuilder dedicated to delivering quality-led homes in hand-picked locations. Employing over 70 people, the business currently has 10 active developments, supported by a growing land pipeline. In April the housebuilder marked a significant step in its growth strategy by acquiring a seven-acre greenfield site in Kirton in Lindsey, Lincolnshire, which is its first development site outside Yorkshire. In March 2026, it was awarded its first five-star rating from the Home Builders Federation (HBF) recognising the businesses continued commitment to excellence in build quality and outstanding customer experience. Newett Homes chief executive, Will Newett, said: “Zoe has made a considerable impact on the business since joining us and has demonstrated the leadership, expertise and drive needed to take our sales and marketing function forward. “Her commitment to developing the team, strengthening our brand and delivering an outstanding experience for our customers will be invaluable as we continue to expand and I look forward to working closely with her as we deliver the next stage of our growth plans.” For more information about Newett Homes visit https://newetthomes.co.uk/ Building, Design & Construction Magazine | The Choice of Industry Professionals

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CIOB publishes free building regulations and Building Safety Act advice for clients

CIOB publishes free building regulations and Building Safety Act advice for clients

A new guide to help construction clients better understand their responsibilities under Building Regulations and the Building Safety Act has been published by the Chartered Institute of Building (CIOB). The free guide is aimed at anyone commissioning building work on behalf of a business, public body, charity or other non-domestic organisation. It clearly sets out a client’s legal duties under the Building Safety Act 2022, as well as helping identify which projects are and are not subject to Building Regulations. The guide also includes a checklist clients are recommended to follow in advance of each project, which covers checking the competence of experts, confirming processes for managing compliance and checking if their project is categorised as a high-risk building. Ayo Allu, Chair of CIOB’s Client Steering Group, said: “As a client your role is no longer simply to commission construction work. You should help ensure it is properly planned, managed and delivered in compliance with the Building Regulations, keeping in mind the decisions you make before and during the project influence safety, quality and compliance. “You are not expected to be a technical expert. However, you are expected to make informed decisions, appoint competent people, provide necessary information to your contractor and estate manager, maintain records and remain engaged throughout the project. “It is not uncommon for projects to be derailed when clients are unaware of the level of involvement they need to have and only realise when it’s too late. By empowering clients to make good decisions from the outset and fulfil their legal obligations, their relationships with their contractors are likely to be easier and their projects more successful.” To download the new guide visit CIOB Building Regulations August 2026.pdf Building, Design & Construction Magazine | The Choice of Industry Professionals

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Construction cannot complain about skills while turning apprentices away

Construction cannot complain about skills while turning apprentices away

As students receive their GCSE results today, many will be deciding whether to continue studying or to begin their careers via an apprenticeship. Nicola Hodkinson, owner and director at Seddon, warns that the shortage of apprenticeship places risks excluding young people who are ready to begin careers in construction. All comments below are authored by Nicola Hodkinson – Owner and director of Seddon “For young people receiving their GCSE results today, this should be a moment of opportunity. But those hoping to begin their careers through an apprenticeship may quickly discover that the route we encourage them to pursue is extremely difficult to access. “At Seddon, we receive thousands of applications for our apprenticeship scheme each year, around 100 for every role. These are young people who want to work, develop practical skills and build long-term careers. Yet there are simply not enough places available to give them that chance. Demand is far outstripping supply “The wider picture is just as concerning. Data reported by the BBC shows that applications for degree apprenticeships through the government’s central platform have risen from 8,100 to 21,800 in three years, while the number of available positions has fallen from 7,300 to 3,700. Although those figures relate specifically to degree apprenticeships, they expose the same gap between young people’s ambitions and the opportunities available to them. “The latest government figures show apprenticeship starts increasing by 8.7% overall, but starts among under-19s fell by 5.4%. Construction apprenticeship starts rose by 5%, which is encouraging, but progress needs to happen much faster if apprenticeships are to become a realistic option for more school leavers. Desperate need for construction skills “This is particularly frustrating because construction desperately needs them. CITB estimates that the industry will require an average of 41,200 additional workers every year between 2026 and 2030. Construction cannot keep complaining about its skills shortage while young people who want to join the industry are being turned away. “Employers have to accept their share of the responsibility. Too much of the industry still relies on a flexible or self-employed workforce and expects somebody else to train the next generation. That may meet an immediate labour need, but it leaves young people without routes into the sector and weakens the workforce we will all depend on in future. Practical steps for creating more places – industry and government responsibility “There are genuine barriers for employers. Training an apprentice is a long-term commitment that involves wages, equipment, structured learning and experienced people dedicating time to passing on their skills. Yet there is very little funding available to employers to offset these wider costs, and what support does exist can be difficult to access, with layers of red tape that many businesses simply do not have the resources to navigate. “The government is beginning to recognise this. The introduction of a £2,000 hiring payment for smaller employers taking on young apprentices is a welcome step, as is the decision to give jobs, skills and apprenticeships greater weight in major public contracts. These changes now need to translate into more opportunities on the ground, with their impact closely monitored and further support introduced if apprenticeship numbers do not keep pace with demand. “This cannot be solved through education policy alone. Giving technical education the same status as academic routes is the right ambition, but that promise will ring hollow if young people reach the end of school and find there is nowhere for them to go. “Results day should open doors. Government, clients and employers now need to make sure construction creates enough of them.” About Nicola: Nicola Hodkinson is owner and director of Seddon and a longstanding advocate for apprenticeships and direct employment in construction. Seddon maintains a significant apprenticeship programme and regularly receives thousands of applications from young people looking to enter the industry. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Landsec Wins Approval to Restart £1bn North London Regeneration

Landsec Wins Approval to Restart £1bn North London Regeneration

Landsec has secured planning approval for a major reset of its £1 billion O2 Centre regeneration in North London, unlocking revised plans for up to 1,800 homes alongside new retail, workspace, leisure and public spaces. Camden Council has approved changes to the 14-acre Finchley Road masterplan after the original proposals stalled amid rising construction costs, viability pressures and new building safety requirements. The revised approach will allow Landsec to increase the height of several buildings and reduce the proportion of affordable housing, with the changes intended to make the substantial mixed-use development deliverable. Affordable housing across the masterplan will fall from the previously planned 35% to 20%, reflecting emergency measures introduced by the Government and Mayor of London to help unlock stalled residential developments. Despite the changes, the overall ambition remains to deliver up to 1,800 homes while transforming an underused site into a new neighbourhood incorporating shops, workplaces, leisure facilities, community amenities and extensive public realm. The first phase, which has secured detailed planning permission as part of the hybrid application, will provide 651 homes. Additional floors have been introduced to several blocks, with some of the buildings now expected to rise to around 17 storeys. The redesigned scheme also incorporates changes required to respond to updated building safety regulations, which have become an increasingly important factor in the design, viability and delivery of higher-rise residential projects. More than half of the wider development site is planned as publicly accessible space, with new landscaped areas, green spaces and improved walking and cycling connections between Finchley Road and West Hampstead. Landsec has also committed £10 million towards providing step-free access at West Hampstead Underground station, supporting wider improvements to connectivity around the new neighbourhood. GRID Architects and Heatherwick Studio have worked on the revised designs. The wider professional team includes AtkinsRéalis as cost consultant, Pell Frischmann providing civil and structural consultancy and Buro Happold responsible for MEP consultancy. Mike Hood, CEO of Landsec, said: “Camden Council gave us a clear mandate in 2023 to transform this isolated, underused land into a mixed-use neighbourhood with new homes, public space and community facilities. “The economic reality has shifted since then and that’s why we’re updating the first phase of the masterplan. “Our changes, which respond to emergency measures from the Government and Mayor of London, would enable delivery and protect the many public benefits that the scheme can deliver. Our vision for a greener, healthier and better connected neighbourhood remains the same.” The regeneration is expected to be delivered across three phases over approximately 10 to 15 years, representing one of the most significant long-term residential and mixed-use development projects in this part of London. The existing O2 shopping and leisure centre will continue operating through the earlier stages of the redevelopment before being demolished as part of the final phase. With the revised plans now approved, Landsec has cleared an important hurdle in bringing the stalled project back towards delivery, while retaining the wider vision of creating a greener, better-connected mixed-use neighbourhood around Finchley Road and West Hampstead. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Sir Robert McAlpine turns sustainability ambition into measurable impact

Sir Robert McAlpine turns sustainability ambition into measurable impact

Five-year strategy records a 33% reduction in carbon emissions, £153m social return on investment and major advances in resource efficiency and responsible sourcing Leading contractor Sir Robert McAlpine has announced the release of its new sustainability impact report, revealing how action across the business has delivered significant reductions in carbon and waste, strengthened responsible sourcing and created lasting social value for communities across the UK. Covering the period 2020-2025, ‘From Ambition to Impact’ charts the company’s progress in embedding sustainability into the way projects are designed, procured and delivered. The report captures the collective impact of people, projects and supply chain partners across four strategic pillars: Carbon, Resource Efficiency, Ethical Procurement and Social Value. Highlights include: Action across the business The results were delivered through thousands of decisions made across Sir Robert McAlpine’s projects and operations, supported by clearer standards, stronger governance, specialist capability and improved data. For carbon alone, over the five-year period, the company established its full Scope 1, 2 and 3 carbon baseline; introduced carbon benchmarking across projects; rolled out Carbon Literacy training; expanded renewable energy use; developed Carbon Minimum Standards; and secured validation of its emissions targets from the Science Based Targets initiative. By 2025, 92% of its electricity came from renewable tariffs and 45% of the concrete used across the business was lower embodied carbon, exceeding a 30% target. Sir Robert McAlpine also became the first Tier 1 contractor to achieve PAS 2080 certification across its entire business. The certification provides independent assurance that robust systems, processes and technical expertise are in place to predict, manage and report whole-life carbon throughout the project lifecycle: ensuring they’re reducing their emissions and providing their clients with tangible carbon reduction solutions The transformation extended beyond carbon. A more structured approach has turned social value into a targeted and measured business deliverable. Every project is now expected to plan, pursue and report its contribution. Community Needs Assessments now enable project teams to target activity around local employment barriers, skills gaps and community priorities rather than defaulting to generic initiatives. In resource efficiency, the business progressed from retrospectively measuring waste to using digital tools, building information modelling and materials data to prevent waste at source. At 1 Broadgate, Sir Robert McAlpine helped deliver the UK’s first large-scale materials passport, enabling materials to be tracked for future reuse and repurposing. The project reclaimed 27% of materials for reuse and diverted more than 13,000 tonnes of non-hazardous demolition waste from landfill. From ambition to Sustainable Engineering Excellence The report also marks the transition to Sir Robert McAlpine’s new Sustainable Engineering Excellence strategy, which builds on the capability, evidence and lessons developed since 2020. Sustainable Engineering Excellence places sustainability at the heart of the company’s engineering and construction capability. Centred on carbon, circularity and social impact, it challenges teams to make better choices earlier, work more closely with clients and the supply chain, and focus expertise where it can create the greatest measurable impact. Simon Richards, Sustainability Director at Sir Robert McAlpine, said: “Five years ago, we set a clear ambition for the future of sustainability at SRM, and then we set about delivering it by embedding sustainability into how we design, procure and deliver. “The results in this report did not happen through isolated initiatives. They came from action across the business, with our people applying their expertise, challenging established approaches and making better decisions on projects every day. “We have built capabilities, systems and data that did not exist when we started, and created a strong foundation for Sustainable Engineering Excellence. Our next strategy takes everything we have learned and raises the bar again, helping us and our clients make choices that matter across carbon, circularity and social impact.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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Green Light for 425-Home Build-to-Rent Quarter at Cambridge North

Green Light for 425-Home Build-to-Rent Quarter at Cambridge North

Plans for a major 425-home build-to-rent development alongside Cambridge North railway station have secured approval, paving the way for the next phase of the area’s wider regeneration. The Cambridge North Residential Quarter is being brought forward by blocwork, the joint venture between Network Rail property development company Platform4 and developer bloc. Grainger has been lined up to forward fund the residential scheme and will operate and manage the rental homes following completion. Cambridge City Council and South Cambridgeshire District Council have approved the proposals, unlocking the redevelopment of under-used railway land immediately next to Cambridge North station. The new neighbourhood will provide 425 one, two and three-bedroom apartments, supported by a substantial programme of landscaping and public realm improvements. Plans include linear parks, pocket gardens and tree-lined streets, alongside shops and other active ground-floor uses designed to create a more vibrant and connected residential community. The masterplan places particular emphasis on sustainable transport, with walking and cycling prioritised throughout the development. Its location next to Cambridge North station will also give residents direct rail connections into central Cambridge, London and destinations across the wider region. The residential quarter represents the latest stage in the transformation of Cambridge North, building on earlier phases of Brookgate’s masterplan for the area. Previous development has included a 217-room hotel alongside new commercial accommodation, with major businesses including Samsung establishing a presence at Cambridge North. The latest approval is also significant for Platform4, which identified Cambridge North as one of four priority schemes when the government-backed property company launched last November. Platform4 has been established with a remit to accelerate the delivery of new homes and regeneration opportunities on publicly owned railway land, using transport-connected sites to support housing growth and create new mixed-use neighbourhoods. Andrew Ferguson, interim chief executive of Platform4 and director of blocwork, said: “This is great news and the positive decision allows us to bring under-used railway land into active use.” The scheme demonstrates the growing role of transport-led development in delivering new housing, with the combination of build-to-rent homes, landscaping, commercial uses and strong public transport connections intended to create a sustainable residential quarter around one of Cambridge’s key transport hubs. With planning approval now secured, the 425-home development can progress towards its next stages as the wider Cambridge North masterplan continues to take shape. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Multi-award-winning 250-home Cotswolds collection passes halfway milestone

Multi-award-winning 250-home Cotswolds collection passes halfway milestone

Spitfire Homes’ multi-award-winning 250-home Ellenbrook collection has passed the halfway milestone, reinforcing its position as one of the Cotswolds’ standout new communities following sustained demand since its launch in 2024. The Moreton-in-Marsh scheme forms part of the exclusive Spitfire Homes Bespoke Collection and has maintained a sales rate well above the national average, meeting sustained demand for rural new homes in a location celebrated for its character, connectivity and countryside setting. A reflection of Spitfire’s thoughtful approach to design, the two- to five-bedroom homes are arranged across four character areas influenced by the Cotswolds’ vernacular, combining distinctive architecture with a future-focused specification. The scheme has also supported an estimated 868 jobs, alongside an investment of £5.5 million into the local community, helping to strengthen the local economy. Set to be fully occupied by 2028, Ellenbrook’s quality credentials have been recognised through multiple industry accolades, including two Silver and one Bronze award at last year’s WhatHouse? Awards. Senior Site Manager Josh Taylor was also awarded the Seal of Excellence at the NHBC Pride in the Job Awards, with continued recognition in 2026 following a further Quality Award win. The collection has also played an important role in supporting local people onto the property ladder, with a selection of homes offered through the Discounted Market Value and First Homes schemes, options taken by many homeowners to stay living locally in a sought-after area where house prices exceed the national average. One of Ellenbrook’s earliest homeowners, Catherine, shared her thoughts on life within the community: “We’ve had four new builds, and this is by far the best home we’ve ever owned. We absolutely love the house, we love the estate, and I think we’ve finally found our forever home at Ellenbrook. Being one of the first residents here, it’s been brilliant watching the community grow around us. It really does feel like a proper neighbourhood now.” Each home captures the character of the Cotswolds while embracing a forward-thinking sustainable specification, including air source heat pumps and underfloor heating as standard. Residents also benefit from a carefully considered setting with direct access to the historic Diamond Way footpath, connecting the community to the surrounding countryside and nearby Cotswold towns. The collection’s award success builds on Spitfire Homes’ wider reputation for delivering premium, design-led homes, supported by the housebuilder retaining its 5-Star Customer Satisfaction Rating from the Home Builders Federation in both 2025 and 2026. Operations Director, Matt Vincent, said: “Reaching the halfway milestone at Ellenbrook is a proud moment and a powerful endorsement of the quality of this multi-award-winning collection. Its sales performance, industry recognition and growing community all speak to what Spitfire does best: creating distinctive, design-led places that enhance their setting and that people are genuinely proud to call home.” For more information on Ellenbrook please visit https://spitfirehomes.co.uk/find-your-home/ellenbrook/ Building, Design & Construction Magazine | The Choice of Industry Professionals

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Landsec Lines Up £500m-Plus Deal for Gateshead’s Metrocentre

Landsec Lines Up £500m-Plus Deal for Gateshead’s Metrocentre

Landsec is reportedly emerging as the frontrunner to acquire Gateshead’s Metrocentre in a deal that could value one of Europe’s largest shopping centres at more than £500 million. The FTSE 100-listed real estate investment trust is understood to be leading the race for the landmark North East retail destination, ahead of other interested parties including Frasers Group and Hammerson. Metrocentre was brought to market in June by the Metrocentre Partnership, which includes the Church Commissioners and Singapore’s sovereign wealth fund, with an asking price of around £500 million. However, Landsec could reportedly pay significantly above that figure to secure the asset, potentially requiring the property group to raise additional funding from shareholders to complete the acquisition. Spanning approximately two million sq ft, Metrocentre is one of the UK’s most significant regional shopping and leisure destinations and one of the largest shopping centres in Europe. Its extensive retail offer includes major occupiers such as Marks & Spencer, Primark, Zara, JD Sports and Urban Outfitters, while recent additions including Hollister, Lovisa and KENJI have continued to strengthen the centre’s tenant mix. A successful acquisition would represent another major investment by Landsec in large-scale destination retail and further expand its exposure to some of the UK’s most prominent shopping centres. Metrocentre would join a portfolio that already includes major destinations such as Liverpool ONE, Bluewater in Kent and Gunwharf Quays in Portsmouth. The potential deal comes as investor appetite for prime shopping centres continues to strengthen following several challenging years for the retail property market. Large destinations with established catchments, strong occupier line-ups and opportunities for active asset management are increasingly attracting attention from major property investors. For Landsec, adding Metrocentre would provide another substantial asset capable of supporting its strategy around destination-led retail, leisure and experience while increasing the scale of its national portfolio. The scale of the potential transaction would also make the sale an important marker for the wider UK retail investment market, particularly if the final price moves substantially beyond the £500 million guide. While a deal has yet to be completed, Landsec’s reported position as frontrunner places one of the country’s best-known shopping destinations on course for a significant change of ownership. Building, Design & Construction Magazine | The Choice of Industry Professionals

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