Kenneth Booth
PLP Architecture announces submission of planning for landmark 24/7 mixed-use development in Elephant and Castle

PLP Architecture announces submission of planning for landmark 24/7 mixed-use development in Elephant and Castle

Planning for PLP Architecture’s designs for 101 Newington Causeway has been submitted by developer Arada London, in collaboration with The Salvation Army, UK and Ireland Territory. The plans detail the landscape-led, high quality co-living, hotel and co-working spaces and enhanced public realm.  101 Newington Causeway is conceived as a carefully

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Adaptogen Capital deepens its pipeline with 2GW of investment opportunities as European battery storage expansion accelerates

Adaptogen Capital deepens its pipeline with 2GW of investment opportunities as European battery storage expansion accelerates

Adaptogen Capital, a specialist investment firm at the forefront of the energy transition, is pleased to announce the next phase of its European growth strategy, as it targets €1bn of investment opportunities by 2030 across European Battery Energy Storage (BESS) markets. Highlights: Adaptogen Capital today sets out its continued expansion

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Pexhurst crosses the finish line on luxury Tritax refurb

Pexhurst crosses the finish line on luxury Tritax refurb 

SPECIALIST refurbishment main contractor Pexhurst has completed a one-of-a-kind project for Tritax Private Markets in Oxfordshire.   The circa £5 million warehouse refurbishment has been delivered for a leading luxury car manufacturer that is becoming the property’s new occupier.   More than 166,000 sq ft has been refurbished to meet a high-quality

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Fyfestone reaches 70-year production milestone at Breedon’s Kemnay Quarry

Fyfestone reaches 70-year production milestone at Breedon’s Kemnay Quarry

The natural stone-effect concrete blocks have been manufactured at the Aberdeenshire site since the 1950s Production has evolved from manual batching to automated and computerised systems during seven decades at Kemnay Breedon Group plc (“Breedon”) has reached a major milestone at its Kemnay Quarry in Aberdeenshire, with Fyfestone now having

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Savills strengthens Property Management team with new director

Savills strengthens Property Management team with new director

International real estate advisor Savills has strengthened its Property Management division with the appointment of Adam De Acetis as a director. Adam will join the division’s portfolio team, where he will play a key role in formalising and expanding its approach to private client work. Adam brings significant experience in

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Latest Issue
Issue 345 : Oct 2026

Kenneth Booth

PLP Architecture announces submission of planning for landmark 24/7 mixed-use development in Elephant and Castle

PLP Architecture announces submission of planning for landmark 24/7 mixed-use development in Elephant and Castle

Planning for PLP Architecture’s designs for 101 Newington Causeway has been submitted by developer Arada London, in collaboration with The Salvation Army, UK and Ireland Territory. The plans detail the landscape-led, high quality co-living, hotel and co-working spaces and enhanced public realm.  101 Newington Causeway is conceived as a carefully sculpted addition to the emerging Elephant & Castle skyline, offering a 400 room hotel, over 700 co-living units and separate co-working spaces. This mix of uses is intended to create an interconnected community that remains active throughout the day and evening.  The two new hotel and co-living buildings are composed as a family of slender vertical volumes rising progressively to create an articulated silhouette and a clear relationship with the surrounding tall-building cluster. At ground level, considered landscaping is also noteworthy with new planting, trees, seating and green outdoor areas that open up a sequence of welcoming gardens and landscaped spaces for public use.  Formerly serving as the Territorial Headquarters of The Salvation Army for the United Kingdom and Ireland, the site occupies a well connected and prominent location north of Elephant & Castle station. The project has been designed around a fabric-first approach, with low-carbon systems, reduced whole-life carbon consideration, urban greening and principles of adaptability and circularity to replace an inward-looking and underutilised site.  Modern in character, the proposed elevations are principally formed in precast concrete, selected for its durability, precision, and richness of surface and relief. The façade plays with depth, rhythm and subtle tonal variation to reinforce the slender proportions of the two buildings.  The palette of materials that has been selected is consciously restrained, featuring light stone, warm off-white and grey tones combined with darker recessed elements and glazing. Setbacks in the building will become resident terraces, bringing communal life and landscaping to the upper levels. At lower levels, the façade becomes richer and more tactile, with clear entrances creating a strong relationship with the public realm. The two buildings will be connected by gardens and landscaped spaces which will lead onto new pedestrian routes to the Elephant & Castle station and town centre. Residents within the co-living space will have access to high-quality private rooms with carefully organised zones as well as a rich network of shared communal facilities at the lower, middle and upper levels. These facilities, including communal kitchens and dining areas, lounges, smaller amenity spaces, a screening room, library, gym and co-working spaces, coincide with key breaks in the massing and façade of the building, opening onto terraces and views over the city. The hotel, similarly, combines well-appointed guest accommodation with active open-plan lobby, dining, flexible business and amenity spaces. Completing the mix of uses, 101 Newington Causeway also includes a separate subsidiary co-working space with its own dedicated entrance from Rockingham Street. The space will provide a varied range of work settings, including hot desks,  dedicated workstations, meeting rooms, acoustic booths, breakout areas and communal lounges. By combining professional infrastructure with flexible living and hospitality, the project aims to create a resilient “work-live-stay” destination that will support a diverse community of residents, local entrepreneurs and travellers for years to come. PLP’s architectural designs support new ways of living together in increasingly dense and complex cities striving to balance the intimacy of individual rooms with the social interaction that comes with shared spaces and the project’s location within the wider city of London. Of the project, Andrei Martin, Partner at PLP Architecture explains “101 Newington Causeway brings together a set of urban ingredients that are often kept separate – living, working, hospitality, landscape and public life – to create a richer setting for contemporary city life. It responds to the increasingly fluid ways in which people live and work, while reflecting Arada’s ambition to create a distinctive new model for urban living in London.” Steve Harrington, Planning Director, Arada London, adds: “Our proposed plans for the site at 101 Newington Causeway will deliver high-quality homes, a hotel and range of workspaces, cafes and meeting places for residents, visitors and Elephant & Castle’s thriving community of start-ups and independent workers. This will be Arada’s first co-living scheme globally as we continue to evolve how we deliver dynamic and connected neighbourhoods that respond to local needs and modern lifestyles. London as a city has embraced new types of living and we look forward to working with local stakeholders, the community and our partners to bring this cutting-edge project forward.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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Landsec Strikes £516m Metrocentre Deal as Major Retail Investment Accelerates

Landsec Strikes £516m Metrocentre Deal as Major Retail Investment Accelerates

Landsec has exchanged contracts to acquire 100% ownership of Metrocentre in Gateshead for £516 million, securing control of one of the UK’s largest shopping and leisure destinations as it steps up investment in major retail assets. The landmark transaction will add approximately 1.86 million sq ft of lettable floorspace to Landsec’s portfolio, with Metrocentre currently home to 282 stores and generating annual retail sales of around £650 million. The acquisition also includes the neighbouring retail park, providing a further 200,000 sq ft of retail accommodation across 15 units and creating a substantial combined property holding in one of the North East’s most established commercial locations. Metrocentre is currently 95% occupied, with an average lease term of 4.5 years to expiry. Its extensive occupier line-up includes Apple, Sephora, Zara, Marks & Spencer, Bershka, Stradivarius, Next, Lego, Primark, JD Sports and Lefties. For Landsec, the £516 million purchase represents a significant step in its strategy to invest a further £1 billion in major retail destinations. The property group believes the strongest shopping centres are benefiting from a continued shift among leading brands towards fewer but larger and higher-quality stores in locations capable of attracting substantial customer numbers. Mark Allan, chief executive officer of Landsec, described Metrocentre as a rare opportunity to take full control of a top-10 UK shopping centre, highlighting its scale, catchment and attractiveness to major retailers. He said: “Growing our investment in major retail destinations remains our highest conviction call, given the high income yields and attractive income growth on offer for the right assets.” The acquisition comes against a backdrop of strengthening performance across Landsec’s existing retail portfolio. Lettings completed during the five months to 31 August 2026 have been ahead of estimated rental value, while relettings and renewals have also achieved increases against previous passing rents. Landsec continues to anticipate like-for-like net rental income growth of approximately 3% to 5% for the financial year ending 31 March 2027. From a property and built environment perspective, taking full ownership of Metrocentre also gives Landsec greater control over the long-term management, investment and evolution of the destination. As consumer habits continue to reshape the retail property market, major shopping centres are increasingly being repositioned as broader destinations combining retail with food, leisure, entertainment and enhanced customer experiences. Control of large sites can provide landlords with greater flexibility to invest in buildings, public spaces, occupier requirements and future redevelopment opportunities. Landsec said retail sales across its existing major retail platform have increased by 26% since March 2022, compared with 1% across the average UK market, while occupancy across its major retail portfolio has reached a two-decade high. The Metrocentre transaction is expected to be funded through a combination of an equity issue and Landsec’s existing debt facilities. CBRE advised Landsec on the acquisition, while Knight Frank acted for the vendor. The £516 million deal provides another major vote of confidence in the future of the UK’s strongest physical retail destinations, with Metrocentre now set to become a significant part of Landsec’s expanding retail property portfolio. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Adaptogen Capital deepens its pipeline with 2GW of investment opportunities as European battery storage expansion accelerates

Adaptogen Capital deepens its pipeline with 2GW of investment opportunities as European battery storage expansion accelerates

Adaptogen Capital, a specialist investment firm at the forefront of the energy transition, is pleased to announce the next phase of its European growth strategy, as it targets €1bn of investment opportunities by 2030 across European Battery Energy Storage (BESS) markets. Highlights: Adaptogen Capital today sets out its continued expansion into continental Europe, having built a pipeline of Belgian opportunities through its operating platform MVA Energy, that address grid congestion and the integration of growing  renewable generation, alongside a parallel German pipeline. The firm’s approach is structured around project-specific capital commitments at FID, allowing infrastructure investors the opportunity to back firm connection projects with low grid fees once development and permitting risk has been substantially reduced. Investor appetite for European battery energy storage is strengthening as power market volatility, geopolitical and inflation concerns, rising renewable penetration and growing grid constraints reinforce the role of storage as critical energy infrastructure. With relatively few specialist BESS managers operating at scale across the region, Adaptogen believes its project-led approach is well aligned with the needs of infrastructure investors seeking exposure to the central asset class in the next phase of the energy transition.  Adaptogen’s European ambitions build directly on its UK experience. The firm’s original fund closed in 2023 and has since been fully deployed to develop, construct and operate grid-scale BESS assets through its Varco Energy platform, with 350MW on track to be operational by 2028 and a further 275MW in development. Battery energy storage is increasingly recognised across Europe as critical infrastructure for balancing intermittent renewable generation and easing grid congestion. Adaptogen’s disciplined, project-led approach to capital deployment is intended to support that transition as it extends its strategy beyond the UK. James Mills, Managing Director, Adaptogen Capital, commented: “Across Europe, grids are under growing pressure from the pace of renewable build-out, and that is creating a clear investment case for well-located, grid scale battery  storage with firm connections, backed by sensibly structured revenue and debt facilities. We have spent the past three years building a pipeline that targets that opportunity, and our approach of committing capital once projects have reached final investment decision allows infrastructure investors to back assets where development risk has already been substantially reduced. Our experience delivering and operating storage assets in the UK through Varco Energy gives us a strong foundation as we extend that model into continental Europe.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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Pexhurst crosses the finish line on luxury Tritax refurb

Pexhurst crosses the finish line on luxury Tritax refurb 

SPECIALIST refurbishment main contractor Pexhurst has completed a one-of-a-kind project for Tritax Private Markets in Oxfordshire.   The circa £5 million warehouse refurbishment has been delivered for a leading luxury car manufacturer that is becoming the property’s new occupier.   More than 166,000 sq ft has been refurbished to meet a high-quality specification, dividing the warehouse from a storage facility into storage and a restoration workshop and customer experience destination.  Mary Regan, commercial and contracts manager at Pexhurst, said: “What started as a straightforward Cat B fit-out became a much more complex and rewarding refurbishment project to deliver. When the incoming tenant has a vision, our role is to bring that to life while retaining as much material as possible – to reduce waste and make the project more sustainable.   “The technical installations and overall number of refurbishment measures mean that we have helped create a facility that is unrecognisable in comparison to what stood before.”   A panel-based white wall system has been built within the warehouse – stretching 15 metres high and 90 metres wide – to double up as a high-grade fire-resistance feature and a physical division between different areas of the building. To create the necessary storage system for the incoming tenant, Pexhurst also managed the installation of a brand-new racking and mezzanine structure with the attachment of a goods lift on behalf of the tenant.   Areas initially planned for demolition were retained, while enhanced facilities for future building users were added into the scheme, including a canteen and new showers. Alongside typical refurbishment measures, Pexhurst installed several environmental measures such as PV panels and EV chargers, along with building fabric improvements such as new roof lights, windows, doors and roller shutters.  Contributing to the project’s sustainability target to achieve BREEAM Very Good rating, Pexhurst continued supporting successful partnerships with reuse scheme The Pallet Loop and social enterprise Men’s Sheds. By working closely with subcontractors on site to increase circularity, Pexhurst was able to recover more than 500 pallets throughout the project, and 500m2 of carpet tiles stripped out during the refurbishment have since been used in social housing construction projects. Vinyl offcuts were also donated to Recofloor, contributing to closed loop recycling efforts, and several bug hotels were installed during Pexhurst’s time on site to enhance local biodiversity.   When visited by the Considerate Constructors Scheme, the project received a near perfect score of 41 out of a possible 45. Meanwhile, social value activity included donations to Didcot Baptist Church Foodbank and Oxford Hub.   Tom Newton, director development at Tritax Management LLP, said: “We’re pleased to have given this asset a new lease of life and agreed a new letting with a valued new customer all with the support of Pexhurst. Their professionalism, flexibility and ability to respond positively to changing requirements ensured the project was delivered successfully and made them an excellent partner to work with throughout.”   To learn more about Pexhurst, visit www.pexhurst.co.uk. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Summerfield completes 320 homes at Killams Park development with £3.6m community investment

Summerfield completes 320 homes at Killams Park development with £3.6m community investment

Taunton-based Summerfield Homes has completed construction on all 320 new homes on its flagship development at Killams Park in Somerset where it has invested an additional £3.6m in the local community. The end of construction comes after a decade of work across three phases, creating a vibrant community in a range of accommodation as well as extensive green space, meadows, orchards and wildlife corridors. Latest additions to the development include more children’s play equipment and the Killams Park Art and Nature Trail. Each piece of the Art Trail was meticulously designed to represent the wetland, woodland, farmland, and wildlife of the historical location and is approximately a 2.5K walk around Killams Park. As part of the development, Summerfield has delivered 86 affordable and discounted homes. Sixty of these were made available through housing association partners for shared ownership and social or affordable rent. A further 26 were sold through Summerfield’s own MyHome scheme at 30% below market value, helping eligible local buyers achieve home ownership without paying rent on the discounted share. Summerfield worked closely with Somerset Council to fulfil the S106 planning commitments attached to consent for the development. The £3.66m investment included £2.25m towards education, £414,112 for footpaths and cycle routes, £501,550 for community halls and facilities, £459,732 for green spaces and parks and £36,914 for public art and the nature trail. The wider 22-hectare development includes around eight hectares of open space, with more than 1,000 new trees, wildflower meadows and grass areas, an orchard, children’s play areas and an enhanced wildlife corridor along the Blackbrook stream. New and improved walking and cycling routes connect residents with Taunton and the surrounding countryside. All the homes are built with energy savings and a greener future in mind. Key features include double-glazing, insulation on doors, low-energy lighting, counterflow heat exchangers, EV charging points, gardens and bee and bat boxes. James Holyday, Group Managing Director of Summerfield, said: “Completing construction at Killams Park is a significant milestone for Summerfield and for everyone who has helped bring this major development to life over the past decade. “Working alongside Somerset Council, Abri Homes, Sovereign, Magna Housing and other partners, we have created a varied and welcoming neighbourhood; investing in affordable housing, education, community facilities, green space and sustainable travel that will benefit the area for generations. “We are extremely proud of what has been achieved and grateful to our residents, partners, consultants, contractors and the local community for their support throughout the development”. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Construction ranks among UK's fastest-growing industries, new report finds

Construction ranks among UK’s fastest-growing industries, new report finds

Construction has emerged as one of the UK’s top six fastest-growing industries, according to new data ranking sectors by growth over the past five years. To determine the fastest-growing industries in the UK, the Booming Industries research by Approved Business Finance analysed Office for National Statistics (ONS) business population data to assess five-year average annual growth across 615 industries. These were grouped into 19 broader industry categories by Standard Industrial Classification (SIC) codes – the system used to classify businesses according to their main economic activity. Industry category Average five-year growth rate (%) Electricity, gas, steam and air conditioning  +12.5% Real estate +4.2% Information and communication +3.5% Human health and social work +2.8% Water, sewerage and waste management  +1.8% Construction +1.5% Accommodation and food services +1.2% Professional, Scientific and Technical +0.8% Administrative and support services  +0.3% Education +0.1% Construction made the top six of the rankings, with an average five-year growth rate of 1.5%. The Construction Workforce Outlook forecasts further growth over the next four years, with the sector currently valued at £230 billion. In fact, the research found that Construction also ranks fourth for average five-year turnover growth, increasing by 9.64% over the same period. In first position is electricity, gas, steam and air conditioning, which recorded a standout 12.5% average annual growth rate over five years, nearly three times that of the second-placed sector, real estate (4.2%). Given recent influences like the UK heatwave and rising energy costs, businesses and consumers are increasingly making climate-conscious decisions, which naturally supports the growth and function of this sector.  The real estate sector followed second with the aforementioned growth rate of 4.2%, and the information and communication sector placed third with a 3.5% growth rate.  Outside of the top three, other industries have still seen strong growth rates. Human health and social work saw a 2.8% increase, followed by water, sewerage and waste management at 1.8%. On the other hand, traditional industries are facing pressure, led by mining and quarrying, which saw a decline of 4.2%, followed by financial and insurance, which saw a 2.5% decline, and manufacturing, which saw a 1.2% decline. Commenting on the research, Mark Kozo, commercial director of Approved Finance Group, said:  “Our data shows that while some industries are expanding rapidly, growth is far from being evenly distributed across the UK economy.  “For businesses operating in growth sectors, the challenge now is turning favourable market conditions into sustainable expansion. “Whether it is investing in new equipment, taking on additional staff, increasing stock, or moving into larger premises, growth often requires capital before the additional revenue arrives. “For SMEs in particular, having access to the right finance at the right time can be crucial to making these opportunities happen. Rather than waiting until cash flow becomes a barrier, businesses should consider where investment could help them increase capacity and improve efficiency. “Whether it’s new machinery or equipment, to avoid placing the full cost on existing cash reserves, asset finance can provide a way to spread the cost of essential investments while supporting continued growth. “With the UK’s fastest-growing industries showing where demand and investment are building, businesses that can identify these opportunities earlier and have the financial flexibility to act on them may be better placed to turn industry growth into their own competitive advantage.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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“Modulek Delivers Landmark Sports Pavilion for Skanska at Deepcut Barracks Regeneration”

“Modulek Delivers Landmark Sports Pavilion for Skanska at Deepcut Barracks Regeneration”

The former military site at Princess Royal Barracks, located in Deepcut, Surrey, has been transformed into a community village, creating homes for over 2,800 residents, through a partnership between the Defence Infrastructure Organisation and Skanska. To support the growing community at Mindenhurst, Modulek has successfully designed and delivered a new permanent modular sports pavilion as part of this significant regeneration project. The Pavilion is part of the Sports Hub, which features a range of high-quality public amenities, including: The new single-storey building provides approximately 800m2 of total area below the canopy and 421m2 useable internal area of high-quality sports and community accommodation. This includes modern changing rooms, washroom facilities and a spacious social and function area, creating a focal point for the new residential community. Modulek was appointed by Skanska, through a competitive design-and-build procurement process. Working to an existing architectural design and a highly constrained programme, Modulek worked in close collaboration with Skanska teams in moving this project towards the final phases of this significant regeneration project. The project demonstrates how permanent modular construction can provide a high-quality, cost-effective alternative to traditional building methods, delivering programme certainty without compromising architectural quality. One of the defining features of the pavilion is its striking external appearance. Maintenance-free Rockpanel wood-effect cladding and innovative roof overhangs create a contemporary building that challenges traditional perceptions of modular construction, achieving an aesthetic fully aligned with the aspirations of the client and the wider development. Construction was undertaken within a challenging site environment on the edge of a sports pitch, with no permanent site services available. A temporary access road was created to facilitate deliveries, while a 150-tonne crane was used to install the building’s eleven factory-manufactured modules. To speed up installation, the main canopy sections were formed as part of the modular structure, achieving cantilevered overhangs of up to 5 metres. Sustainability was a key focus throughout the project from, concept to completion. The building, which is on course for a BREEAM Very Good rating, incorporates extensive rooftop solar photovoltaic panels. Environmental performance was carefully monitored throughout construction, including recording on-site water usage and contractor travel distances to minimise the project’s overall carbon footprint. Stephen Pester, Commercial Director at Modulek, commented: “This project perfectly demonstrates the benefits of modern modular construction when programme certainty, quality and architectural design are equally important. Being appointed at a critical stage of the project presented our team with an exciting challenge. Working closely with Skanska, we were able to deliver a permanent building that not only met an extremely demanding programme but also achieved the high-quality finish and sustainability standards expected of such an important community facility that will be transferred to Surrey Heath Borough Council as part of the Section 106 Planning Obligations We are incredibly proud of what the entire team achieved and of the collaborative relationship developed with Skanska throughout the project.” Toby Hunt, Commercial Manager, Skanska UK commented: “Despite the early set back of losing their original modular sub-contractor, Modulek acted quickly to ensure a replacement was appointed.  Skanska were pleased with the proactive can-do attitude displayed by the Modulek team, as well as the efforts taken to keep the costs within the original agreed budget. The Modulek design team embraced new challenges to deliver a BREEAM Very Good rated building, and their site team and supply chain’s hard work created a smart and well finished modular sports pavilion’’ The completed pavilion represents the final stage of the Deepcut Barracks regeneration programme, providing a modern community sports facility that will serve residents for many years while showcasing the capabilities of high-quality offsite construction. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Quantum Development Finance secures facility up to £500m to fuel growth trajectory

Quantum Development Finance secures facility up to £500m to fuel growth trajectory 

SME housebuilding lender, Quantum Development Finance (Quantum), has secured a long-term facility worth up to £500 million from Goldman Sachs, as it prepares to fund a wider range of schemes across their entire lifecycle – from initial acquisition through to post-completion investment facilities. This deal marks an expansion of its funding from £200 million up to £700 million.  This additional facility significantly expands Quantum’s lending capacity, including the ability to support larger loan sizes, without changing the business’s focus on SME housebuilders. The new funding will be used to support schemes in Quantum’s new and existing customer pipelines.  Founded in London in 2023, Quantum has fast become an established provider of development and bridging finance to proven, quality SME housebuilders in cities and suburbs throughout England and Wales wherever there is an urgent need for high quality new homes.  Funds managed by AB CarVal, a global alternative investment manager with longstanding experience in asset-based finance and part of AllianceBernstein’s Private Alternatives business, have backed Quantum since its inception in 2023. As both a shareholder and primary funding partner, AB CarVal has supported Quantum’s growth from its first loan through the continued expansion of its lending platform. In the last 12 months, Quantum has expanded its product set for operational real estate including Build-to-Rent, PBSA and Co-living. For new and existing borrowers, this covers development and post-completion stabilisation and investment lending. This expansion has been particularly helpful for existing borrowers who wish to seamlessly switch their current development finance loans to longer-term facilities upon practical completion, benefiting from a single relationship route all the way from delivery through to stabilised income. Providing loans up to £35 million, Quantum has financed the development of 4,000 new homes to date and hit its £1 billion funding milestone during Summer 2026. Quantum’s Bermondsey-based team of 16 has 125 live projects ranging from acquisition loans to five-year operational real estate facilities. Rob Sinclair, Principal, AB CarVal: “We’ve supported Quantum Development Finance since day one, and this expanded facility represents an important next step in the platform’s growth. Quantum has built a differentiated lending model around deep borrower relationships, disciplined underwriting and the ability to flexibly support clients with agility across the lifecycle of projects. The quality of Quantum’s existing loan book is high and the fact that 80% of their borrowers are repeat or direct clients stands out. The expanded funding and product set should allow the team to build on that model and even better serve the needs of UK property developers and investors.” Oliver Thompson, Co-Founder & CEO of Quantum Development Finance: “Goldman Sachs’ approval of this facility is a positive signal for the Quantum team as we focus on building an alternative credit platform with bank-level operational rigour. It’s also a huge endorsement of the team we’ve built and the discipline we bring to every deal and operational running of the business. For our clients and partners, these large and long-term commitments from established funding partners, Goldman Sachs and AB CarVal, are a clear signal that Quantum has the appetite and readiness to keep backing high-quality developers and property investors, at every stage of their journey – whether that is their first scheme with us, or their fifth.” Quantum was established by Oliver Thompson (CEO), Rebecca Murphy (COO) and Chris Proud (CFO), three property development finance professionals with over 50 years’ lending experience between them. Oliver and Chris first worked together at Titlestone where they spent a cumulative ten years until its acquisition by Paragon in 2018.  The founders have since built a team of the industry’s best, including Richard Hemmings (MD) who joined Quantum after 19 years at Close Brothers, Chris Dunton (Credit Director) from UTB and Sam Hudson (Head of Portfolio Management) from Pluto.  Expanding the scope of what they can lend against was a natural next step for the Quantum team. Thompson:“Broadening our product range to accommodate customers from acquisition to post-completion has always been a key part of our growth strategy and one that complements the deep relationships we have built with our clients over several years. At Quantum we’re focused on designing a lending business with our borrowers in mind. The foundations are now in place for the next phase of our fast and sustainable growth plan.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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Fyfestone reaches 70-year production milestone at Breedon’s Kemnay Quarry

Fyfestone reaches 70-year production milestone at Breedon’s Kemnay Quarry

The natural stone-effect concrete blocks have been manufactured at the Aberdeenshire site since the 1950s Production has evolved from manual batching to automated and computerised systems during seven decades at Kemnay Breedon Group plc (“Breedon”) has reached a major milestone at its Kemnay Quarry in Aberdeenshire, with Fyfestone now having been manufactured at the site for 70 years. First developed in the 1950s as an alternative to traditional granite, Fyfestone is designed to replicate the look and finish of natural stone and has since been used on projects across the UK, including Balmoral Castle, Devonport Docks and Manchester’s Malmaison Hotel. It is made by mixing granite aggregates with cement to produce a concrete mix. The concrete is then placed into moulds before being compressed under around 400 tonnes of pressure, creating a dense and durable product designed to closely resemble natural stone. Jeremy Edinborough, General Manager at Breedon, said: “Producing Fyfestone at Kemnay for 70 years is something we’re incredibly proud of. The product has stood the test of time, and its longevity is testament to the quality of the material and the expertise of the people who have produced it over the years. “While the fundamentals of Fyfestone have remained consistent, the way we manufacture it has continued to evolve. The introduction of automation, computerised systems and robotics has helped us modernise production while retaining the characteristics that have made the product so enduring.” Few people have seen that transformation as closely as Operations Manager Andy Henderson, who joined Kemnay Quarry in 1986 and has now spent 40 years working at the site. Andy followed in the footsteps of his father, Joe, who was previously General Manager at Kemnay. His own connection to the quarry began much earlier, having grown up in a family home on site while his father worked there. After joining the business as a general labourer, Andy progressed through the ranks and is now responsible for overseeing daily manufacturing operations, managing staff and meeting production targets. Andy said: “It’s quite something when you think about it. We’ve been caretakers for two generations and I feel quite proud to be involved in something that’s going to outlast me.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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Savills strengthens Property Management team with new director

Savills strengthens Property Management team with new director

International real estate advisor Savills has strengthened its Property Management division with the appointment of Adam De Acetis as a director. Adam will join the division’s portfolio team, where he will play a key role in formalising and expanding its approach to private client work. Adam brings significant experience in property management, strategic asset management, lease advisory and real estate development. He has worked with a range of institutional and private clients, producing and delivering asset business plans, leading value add initiatives and collaborating with landlords, occupiers and other stakeholders to deliver strategic objectives. Adam will focus on formalising and expanding the team’s approach to private client work, primarily exploring opportunities with property companies, private property investors, Family Office and high-net-worth individuals. He will enhance the existing team and support its continued growth by helping clients develop and implement effective portfolio and property level strategies. John Redfern, Head of UK Business Space, Property Management at Savills, comments: “Adam brings extensive experience of working closely with a range of property owners and investors to improve portfolio performance. His commercial approach and understanding of private clients will bring great value to our clients and team, while helping us to identify and develop new opportunities for continued growth. We are delighted to welcome him to Savills.” Adam De Acetis, Director, Savills Property Management, adds: “I am excited to be joining Savills and the opportunities to work with colleagues across the business to develop strategies that add value, address challenges and help clients maximise the performance of their assets and portfolios.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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