Peel Group has launched a £582 million cash bid to acquire Harworth Group, offering shareholders 172.5p per share in a move that could reshape the future of one of the UK’s leading brownfield regeneration and strategic land developers. The offer values the listed developer at approximately £582 million and comes
A Who’s Who of thought leaders and experts headline the new-look Main Stage at UK Construction Birmingham this autumn (NEC, September 29 to October 1), where high-level, conference sessions will explore a myriad of issues including policy, leadership, major projects, skills, productivity, technology, sustainability and the future direction of construction.
The Fit Out Awards UK 2026 has strengthened its expert judging panel with the appointment of acclaimed interior designer Mia Karlsson-Matthews, Founder and Director of Mia Karlsson Interior Design, as preparations continue for one of the UK’s leading celebrations of excellence across the fit out and interiors sector. Based in
CCL Facades has been appointed to deliver a major façade package at Bicycle Works, the 331-home residential development forming the first phase of Wolverhampton’s wider Smithgate regeneration. The specialist façade contractor will work alongside parent company and lead contractor Caddick Construction on the scheme, which is being delivered for English
Endurance Land has appointed Multiplex as main contractor for 99 City Road, a major 36-storey office development set to create a new landmark on the northern edge of the City of London. Part of Nan Fung Group, Endurance Land is progressing the high-rise commercial scheme with an experienced design and
A major housing development is set to deliver 330 additional homes following a strategic re-plan and planning approval from Glasgow City Council. Set to be one of the largest regeneration schemes in the UK across multiple phases, top 10 UK housebuilder, Keepmoat, will increase its delivery from 834 homes to
A major regeneration programme that could transform the heart of Portsmouth has taken a significant step forward after Portsmouth City Council selected ECF as its preferred development partner for the next phase of the ambitious City Centre North masterplan. The proposed regeneration has the potential to deliver up to 2,300
Hertfordshire’s leading retail and leisure destination, Harlequin Watford, which isowned and managed by SGS UK Retail, has announced that the immersive gaming concept, Activate, has now opened within the centre, bolstering Harlequin’s diverse tenant mix of retail, F&B, and leisure occupiers. Activate, which has taken a 15,592 sq ft unit, joins
Kimpton has been awarded the mechanical & electrical (M&E) engineering contract at The City of Liverpool College following a competitive tender process. Social value comprised a key component of the procurement process and Kimpton will now host a number of students on T-Level placements. It will also support the college
The latest research from Lyons Bowe has revealed that sellers in Merseyside are proving the most resilient when it comes to asking prices, with just 27.2% of homes currently listed for sale having undergone a price reduction, meaning almost three quarters of properties remain at their original asking price. Lyons Bowe
Peel Group has launched a £582 million cash bid to acquire Harworth Group, offering shareholders 172.5p per share in a move that could reshape the future of one of the UK’s leading brownfield regeneration and strategic land developers. The offer values the listed developer at approximately £582 million and comes as Peel, already Harworth’s largest shareholder through subsidiary Goodweather Holdings, looks to take full control of the business. Goodweather currently owns around 29.96% of Harworth’s issued share capital. Harworth has established itself as a major player in the UK’s regeneration sector, with a portfolio comprising modern industrial and logistics assets alongside extensive strategic land holdings across the North of England and the Midlands. The business has played a significant role in transforming former industrial sites into employment, residential and mixed-use developments, including securing planning approval last year for its £190 million Gascoigne Interchange scheme. However, Peel believes the company’s current financial model is becoming increasingly difficult to sustain, citing rising administrative and financing costs alongside weakening recurring rental income. For the year ending 31 December 2025, Harworth reported administrative expenses of £36.34 million and net interest costs of £10.6 million, representing increases of 9.5% and 58.2% respectively compared with the previous year. During the same period, rental income from its investment portfolio fell by 7% to £14.7 million. Peel argues these figures demonstrate growing pressure on Harworth’s cash flow, with operating and financing costs significantly exceeding the income generated from its investment portfolio. The proposed acquisition also reflects Peel’s view that Harworth’s stock market listing no longer provides meaningful strategic benefits. The investor points to the company’s concentrated shareholder base, with the three largest shareholders controlling approximately 75.7% of the business, limiting trading liquidity and reducing the advantages typically associated with being publicly listed. Peel further noted that Harworth has not raised new equity for almost a decade and believes current market conditions, combined with what it describes as a persistent discount to the company’s underlying value, make future equity fundraising unlikely to deliver attractive returns. The cash offer represents a substantial premium for shareholders, equating to 36.9% above Harworth’s one-month volume-weighted average share price and 36.0% above the three-month average. For the construction, development and property sectors, the proposed acquisition could have significant implications. Harworth has become one of the UK’s foremost brownfield regeneration specialists, delivering large-scale industrial, logistics, residential and mixed-use developments that support regional economic growth while unlocking previously underutilised land. Should the transaction proceed, Peel would gain full ownership of a substantial regeneration pipeline and strategic land portfolio, further strengthening its position within the UK’s development and regeneration market. The proposed takeover also highlights the continuing attractiveness of long-term regeneration assets, as investors seek to secure development opportunities capable of delivering future residential, commercial and industrial growth across key regional markets. Building, Design & Construction Magazine | The Choice of Industry Professionals
A Who’s Who of thought leaders and experts headline the new-look Main Stage at UK Construction Birmingham this autumn (NEC, September 29 to October 1), where high-level, conference sessions will explore a myriad of issues including policy, leadership, major projects, skills, productivity, technology, sustainability and the future direction of construction. Built around the core themes of Building Better, Building Smarter and Building Responsibly, the Main Stage – one of five theatres at UKCW Birmingham – will welcome an array of leading luminaries, including: Main Stage seminar highlights include: Tuesday 29th September 10.30am – 11.15am The Construction Reset: What Needs to Change and What Happens if We Don’t? [Build Better] This session will examine where the industry can unlock growth, improve performance and build a future-ready workforce through innovation, collaboration and new career pathways. Speakers: Jackie Rigby (Homes England), Saul Humphrey (Chartered Institute of Building (CIOB), Tim Balcon (CITB) 12.30pm – 1.15pm Housing at Scale: The Race to 1.5 Million Homes This session will examine the opportunities created by planning reform, New Towns and strategic growth areas, while exploring whether more scalable delivery models can help increase capacity. With political focus, investment and innovation aligning, the next five years could represent the biggest opportunity for housebuilding in a generation. Speakers: Ed Griffiths (Barbour-ABI); Emma Osmundsen (Chair, Passivhaus Trust Board) 2.15pm – 2.45pmWho are the people changing construction for the better? Announcing the UKCW Role Models Winners for 2026 With three categories: Rising Star, Pioneer and Icon, UKCW Role Models recognises outstanding achievement at every stage of a career. This special session will reveal the 2026 winners and celebrate the exceptional leadership, innovation and impact that have earned them recognition as some of the industry’s most inspiring role models. Presenters: Christina Riley, Senior Planning Manager, Coniston Ltd & Co-Founder, Building Equality; Rebecca Rickwood, CEO, Gement Group Wednesday 30th September 11.30am – 12.15pm Constructing the Gold Standard: Choosing the Right Framework for Better Supply Chain Partnerships This panel will explore how the principles of the Construction Excellence Gold Standard are reshaping procurement, moving beyond lowest-price tendering towards fairer risk allocation, earlier supply chain engagement and longer-term collaborative relationships. Moderator: Alison Nicholl (Head of Constructing Excellence, BRE & DfE) Speakers: Prof. David Hancock (Construction Director and Infrastructure Practice Lead, His Majesty’s Treasury, Expert Advisory Team & NISTA); Rob Byrnes (Frameworks Director, Vinci Building UK) 2.30pm – 3.15pmNet Zero That Pays: Making Commercial Sustainability Work in Construction An opportunity to examine how whole-life carbon, material choices, energy performance and retrofit strategies are increasingly shaping procurement decisions, project outcomes and competitive advantage. Speakers: Ste Garlik (Strategic Lead for Decarbonisation & Retrofit, Building Design Partnership & Chief Executive, Association for Environment Conscious Building (AECB)); Will Arnold (Head of Sustainable Materials, Useful Simple Trust) Thursday 1st October 12.30pm – 1.15pm AI in Construction: Reimagining How Real Applications Deliver Real Results [Build Smarter] This session will showcase real examples of AI being used to automate repetitive tasks, improve document and data management, accelerate design coordination, enhance project controls and increase productivity across construction workflows. Speakers: Paul Beeston (Partner – Head of Industry and Service Insight, Rider Levett Bucknall); Meghan Davies (Co-Founder, Cammina) 1.30pm – 2.15pm The New Industrial Revolution: How Digital-First Construction Can Finally Scale Productivity How digital-first approaches, combined with standardisation, better data and new ways of working, can help the industry move away from fragmented project-by-project delivery towards more repeatable, efficient and scalable systems. Moderator: Trudi Sully (Industrialised Construction Director, Mott MacDonald and Co-Chair Building Better: Community of Practice (BB:CoP))Speakers: Lilian Ho (Associate Director – Digital & BIM, UK+I Architecture + Design , AECOM); George Mokhtar (Director, Turner & Townsend) Martin Hurn, UKCW Birmingham Editorial Director, commented: “Our theme of The Construction Reset will position UKCW Birmingham as a marketplace and industry meeting point, built around the real challenges, opportunities and partnerships shaping construction today. “The Main Stage is at the very heart of that, with some of the biggest names in the industry coming together to discuss, debate and help shape the conversations that will define the future of the built environment. From innovation and digital transformation to sustainability, skills and policy, the programme has been designed to provide practical insight, fresh thinking and meaningful discussion for everyone working across the sector.” Sponsored by Wyre, HotelPlanner and Build Warranty, UKCW Birmingham will feature over 250 leading brands; 200 speakers and over 150 hours of CPD accredited seminars across four stages, alongside a series of built-for-purpose sections. Architect, TV presenter and UKCW ambassador, George Clarke will officially open the show and also host the Main Stage discussions on Day One (September 29th). To find out more and to register free for UKCW Birmingham, visit https://register.visitcloud.com/survey/0hcnqiudc1lrv?actioncode=1000 Building, Design & Construction Magazine | The Choice of Industry Professionals
The Fit Out Awards UK 2026 has strengthened its expert judging panel with the appointment of acclaimed interior designer Mia Karlsson-Matthews, Founder and Director of Mia Karlsson Interior Design, as preparations continue for one of the UK’s leading celebrations of excellence across the fit out and interiors sector. Based in London, Karlsson-Matthews brings more than 20 years of award-winning design experience to the judging process, having built an internationally recognised practice renowned for creating bespoke residential interiors that combine Scandinavian functionality with contemporary luxury. Originally from Sweden, she established Mia Karlsson Interior Design in 2004, developing a distinctive design philosophy centred on intelligent space planning, craftsmanship and timeless interiors. Since then, the studio has successfully completed more than 300 residential projects, earning a reputation for delivering highly personalised environments that balance aesthetics with practical living. Her work has featured extensively in leading interior design publications, reflecting the studio’s consistent commitment to quality and innovation across a diverse portfolio of high-end residential commissions. Karlsson-Matthews also brings strong academic and professional credentials to the judging panel. She holds a first-class degree in Interior Design and Technology and is a prominent member of the British Institute of Interior Design (BIID). As a former BIID Board Director, she has also played an influential role in supporting the continued development of professional standards across the UK’s interior design and interior architecture sectors. Her appointment further strengthens an already distinguished judging panel for the Fit Out Awards UK 2026, which brings together leading experts from across architecture, workplace design, sustainability, academia and the wider built environment. The awards programme features 32 categories recognising excellence across every aspect of the fit out industry, including commercial office fit out projects, hospitality, healthcare, retail, residential and conservation, alongside awards celebrating sustainability, collaboration, product innovation and overall project delivery. Karlsson-Matthews joins Judging Coordinator Ann-Marie Aguilar of IWBI alongside Vanessa Brady of SBID, Vyvyan Byrne of VB Design, Dr Eshrar Latif of Cardiff University, Giuseppe Parito of Studio Seilern Architects, Professor Robert Schmidt III of Loughborough University and Lydia Szewczyk of IWBI. For the construction, architecture and interior fit out sectors, the awards continue to showcase the outstanding talent, innovation and technical expertise shaping the UK’s built environment. The appointment of experienced industry professionals such as Mia Karlsson-Matthews reinforces the awards’ commitment to recognising projects that demonstrate exceptional quality, creativity and excellence in design and delivery. The Fit Out Awards UK 2026 will culminate in a gala ceremony on 24 September 2026 at the Park Plaza London Riverbank, where the industry’s leading designers, contractors, architects and suppliers will come together to celebrate the year’s most outstanding achievements in fit out and interior design. Building, Design & Construction Magazine | The Choice of Industry Professionals
CCL Facades has been appointed to deliver a major façade package at Bicycle Works, the 331-home residential development forming the first phase of Wolverhampton’s wider Smithgate regeneration. The specialist façade contractor will work alongside parent company and lead contractor Caddick Construction on the scheme, which is being delivered for English Cities Fund (ECF), the regeneration partnership between Homes England, L&G and Muse. Under the contract, CCL Facades will be responsible for the design, supply and installation of the doors, 400 sq m of curtain walling and 2,900 sq m of windows across the development’s three six-storey buildings. The package includes the installation of 1,324 individual windows. The appointment represents an important construction milestone for Bicycle Works as work progresses on the residential-led regeneration of this key Wolverhampton city centre site. Bicycle Works will provide 331 new homes and represents the opening phase of the much larger Smithgate masterplan. Once developed, the new mixed-use neighbourhood is expected to deliver up to 1,000 homes alongside new shops, amenities and public spaces, helping to create a vibrant new destination in the heart of Wolverhampton. CCL Facades is due to begin work on site in October and will collaborate with its specialist supply chain throughout delivery. The company will focus on high-quality design and innovative façade solutions, with sustainability forming an important part of its approach. The contract further strengthens CCL Facades’ presence across the Midlands and adds another substantial residential regeneration project to its growing portfolio. The contractor is also currently working on Cole Waterhouse’s flagship Upper Trinity Street regeneration development in Digbeth, Birmingham, further demonstrating its expanding role in major mixed-use and residential schemes across the region. With Caddick Construction leading delivery and CCL Facades undertaking a significant element of the building envelope, Bicycle Works is set to provide the first major residential component of the wider Smithgate transformation. The project will ultimately contribute to the creation of a new mixed-use city centre neighbourhood, combining hundreds of new homes with commercial amenities and improved public realm as Wolverhampton continues to attract investment into regeneration and residential development. Building, Design & Construction Magazine | The Choice of Industry Professionals
Endurance Land has appointed Multiplex as main contractor for 99 City Road, a major 36-storey office development set to create a new landmark on the northern edge of the City of London. Part of Nan Fung Group, Endurance Land is progressing the high-rise commercial scheme with an experienced design and engineering team led by architect Kohn Pedersen Fox Associates (KPF). AKT II is providing structural engineering expertise, while Arup is advising on mechanical, electrical and public health services alongside sustainability. Designed as a next-generation workplace, 99 City Road will provide office accommodation for around 4,000 people, adding significant new Grade A commercial floorspace to an area benefiting from continued investment and regeneration. Sustainability and building performance will form a major part of the development. The project is targeting BREEAM Outstanding and a NABERS 5-star rating, alongside SmartScore and WiredScore Platinum certifications, placing energy efficiency, connectivity and smart building technology at the heart of the design. Multiplex’s appointment follows its earlier involvement with the project as Construction Partner under a Pre-Construction Services Agreement. This pre-construction phase has enabled the contractor to work alongside Endurance Land and the wider consultant team ahead of the main construction programme, supporting design development, buildability and delivery planning for the complex high-rise scheme. The contract also represents the second major collaboration between Endurance Land and Multiplex. The contractor recently completed Jahn Court and Brassworks at Regent Quarter, another significant Endurance Land development. The scheme has subsequently been leased to OpenAI and is expected to open in 2027. The appointment to 99 City Road therefore builds on an established relationship between the developer and contractor, with Multiplex bringing its experience of delivering complex commercial towers and major central London developments to the project. With KPF, AKT II and Arup forming part of the professional team, the development brings together architecture, structural engineering, building services and sustainability expertise as Endurance Land looks to create a high-performing workplace capable of meeting the evolving requirements of major occupiers. The project also reflects continued confidence in London’s premium office market, where developers are increasingly focusing investment on highly sustainable, technologically advanced buildings offering strong environmental performance and high-quality working environments. Once delivered, the 36-storey 99 City Road will provide a substantial new commercial destination for thousands of workers while adding another major high-rise development to the evolving skyline around the northern edge of the City. Building, Design & Construction Magazine | The Choice of Industry Professionals
A major housing development is set to deliver 330 additional homes following a strategic re-plan and planning approval from Glasgow City Council. Set to be one of the largest regeneration schemes in the UK across multiple phases, top 10 UK housebuilder, Keepmoat, will increase its delivery from 834 homes to 1,164 at its flagship NorthBridge scheme. In late 2025, the housebuilder celebrated the success of its first phase at the site, located off Pinkston Road, which created 154 homes, enhanced and new transport links, green spaces and walking and cycling routes. Tim Metcalfe, Regional Managing Director at Keepmoat, Scotland said: “This is a significant milestone in seeing much needed homes moving forward for the area. We’re thrilled to have secured approval of our strategic re-plan for this transformative development to create much needed homes alongside the council. “At Keepmoat we’re committed to creating sustainable, multi-tenure communities that prioritise well designed neighbourhoods with high quality homes, green spaces and abundant connections into existing communities. “The NorthBridge project reflects our long-term commitment to the city and our ambition to create exceptional places to live alongside the council.” The developer is currently delivering phase two and three of the site, set to create 246 homes, with 41 homes designated for local housing association Wheatley Homes Glasgow (WHG). Councillor Ruairi Kelly, Convener for Housing and Development at Glasgow City Council, said: “This is welcome news for Sighthill as it continues its ongoing regeneration, and indeed the whole city. The building of a further 330 high-quality homes in a Glasgow neighbourhood that has been transformed in recent years will be an important part of what the council and its partners are working to do to make as many homes as possible available.” Keepmoat is a top 10 UK partnership homebuilder with a track-record of delivering quality homes in regions across the UK. To date, Keepmoat has built over 35,000 homes, transforming brownfield sites into thriving new communities. To find out more about Keepmoat, please visit: www.keepmoat.com Building, Design & Construction Magazine | The Choice of Industry Professionals
A major regeneration programme that could transform the heart of Portsmouth has taken a significant step forward after Portsmouth City Council selected ECF as its preferred development partner for the next phase of the ambitious City Centre North masterplan. The proposed regeneration has the potential to deliver up to 2,300 new homes alongside commercial, leisure and public realm improvements, creating one of the largest mixed-use developments on the South Coast. The 13.25-hectare brownfield site, which occupies land formerly home to the now-demolished Tricorn shopping centre and surrounding car parks, is set to be reimagined as a vibrant new city centre neighbourhood that combines residential, commercial and community uses. ECF – the regeneration partnership between Homes England’s National Housing Bank, Legal & General (L&G) and Muse – will now work alongside Portsmouth City Council to assess development options before progressing towards a formal development agreement. For the construction and property sectors, the appointment marks another major regeneration opportunity that could unlock substantial investment, housing delivery and long-term economic growth while bringing a strategically important city centre site back into productive use. Alongside a mix of homes across different tenures, the emerging masterplan includes new commercial workspace, leisure facilities and improved pedestrian connections designed to increase footfall, strengthen the local economy and create a more accessible and attractive urban environment. A key feature of the proposals will be more than 240,000 sq ft of new public realm, including a significant urban park that will provide valuable green space for residents, workers and visitors while enhancing the overall quality of the city centre. The regeneration reflects the growing emphasis on brownfield redevelopment as local authorities seek to deliver sustainable housing growth by repurposing underutilised urban land rather than expanding onto greenfield sites. Sir Michael Lyons, Chairman of ECF, said: “We’re looking forward to working with Portsmouth City Council over the coming months to explore the site in detail, test what’s deliverable here, and build the case for how we might take this forward together.” ECF has built a strong reputation for delivering large-scale regeneration projects across the UK, with an extensive portfolio that includes developments in Canning Town, Stockport, Bradford, Wolverhampton, Northampton and Stevenage. If brought forward, City Centre North has the potential to become one of Portsmouth’s most significant regeneration projects in decades, delivering new homes, employment opportunities, public spaces and commercial investment while creating a thriving mixed-use destination that supports the city’s long-term economic and residential growth ambitions. Building, Design & Construction Magazine | The Choice of Industry Professionals
Hertfordshire’s leading retail and leisure destination, Harlequin Watford, which isowned and managed by SGS UK Retail, has announced that the immersive gaming concept, Activate, has now opened within the centre, bolstering Harlequin’s diverse tenant mix of retail, F&B, and leisure occupiers. Activate, which has taken a 15,592 sq ft unit, joins Harlequin’s evolving leisure offering, alongside Cineworld, Boom Battle Bar and Flip Out, affirming the centre’s position as both a thriving dual-purpose retail destination and a focal point for leisure and entertainment. Following Activate’s success within its London sites, and its global success across Canada, the US, and Dubai, SGS identified its popularity, along with the needs and wants of its visitors to open the brand’s 3rd destination outside of the capital. The regional debut cements Harlequin’s reputation as a key regional destination for visitors from across north London, Hertfordshire and Buckinghamshire. As competitive socialising concepts continue to grow in popularity, the branch will feature technology-driven challenges, interactive game rooms, enhanced with lasers, grids, hoops, portals and reaction-based challenges. The new leisure addition offers a range of physical, mental and team-based challenges tailored for groups of friends, families, birthday parties and corporate teams. Games on offer include player favourites, including Activate’s most popular game, Mega Grid. It will also feature Grid, where the floor transforms into a giant interactive playing surface, challenging teams to jump, sprint and strategise their way to victory. Mega Laser is another fan favourite that will feature in the scheme, with players navigating a room criss-crossed by laser beams without triggering alarms in an experience reminiscent of Mission: Impossible. Rich Beese, co-founder of We Do Play, said: “The arrival of Activate at Harlequin is a pivotal time in the brand’s growth, as one of the first branches outside of London. With its impressive footfall from a broad catchment, we are certain that this branch in Watford will be well received as competitive socialising concepts offer something fresh and continue to grow in demand.” Robert Jewell, Managing Director of Asset Management at Pradera, commented: “As Activate officially joins our evolving portfolio of leisure tenants, it affirms Harlequin’s position as the region’s premier all-day destination for shopping, dining and leisure. The immersive gaming concept joins as we are seeing strong performance of our competitive socialising options, signalling the scheme’s success as an all-day destination.” The opening follows the recent opening of Chop & Wok at Harlequin, as it continues to evolve its F&B and leisure options in line with increasing demand. Harlequin’s success in securing both quality and diverse occupiers comes after strong investment and long-term strategy to hold its position as the region’s go-to destination for everything. Time Retail and LM are Harlequin’s retail leasing agents, and Metis and LM lead the leisure leasing. Pradera asset manages Lakeside on behalf of SGS UK Retail. LM acted for Activate. Building, Design & Construction Magazine | The Choice of Industry Professionals
Kimpton has been awarded the mechanical & electrical (M&E) engineering contract at The City of Liverpool College following a competitive tender process. Social value comprised a key component of the procurement process and Kimpton will now host a number of students on T-Level placements. It will also support the college to refurbish its Plumbing & Gas Workshop by designing and installing its gas and water infrastructure and providing industry hardware and appliances to support students’ learning, providing around £35,000 worth of in-kind value. The new contract further expands Kimpton’s relationship with the college, having previously been appointed to manage its air conditioning systems and joining its minor works framework. Kimpton, which is headquartered in Bromborough, uses current students within its delivery teams on those works, allowing the flow of talent and opportunity to come full-circle. The two organisations have worked together for more than 30 years to help develop the city region’s future workforce, with dozens of apprentices and trainees benefitting from Kimpton’s expert team in classrooms and on site, providing industry experience and positioning students for successful careers. Elaine Bowker, principal and chief executive of The City of Liverpool College, said: “It’s vitally important to us that we prepare our students for the world of work, equipping them with the skills they need to secure jobs and pursue long, successful careers. Our relationships with industry partners are critical to that approach, not only in helping students to secure work experience or apprentice opportunities, but also to guide our teaching and ensure we are producing students with the qualities that employers want. “Many of these roles will ultimately help to decarbonise our environment, strengthen local supply chains and build long-term economic resilience for the communities who live and work here. “Kimpton has been a close and valued partner in those efforts for decades now. Both organisations share values and support one another to reach our goals. This sense of authentic, committed values was evident throughout their bid in this latest competitive tender process.” Matt Breakwell, director of sales and ESG at Kimpton, explains: “We are delighted to have secured this new M&E contract with The City of Liverpool College and strengthen our relationship with one of our longest-standing partners. “Apprenticeships have long sat at the heart of our approach; four current directors and shareholders began as apprentices and nine senior team members followed the same route. In recent years we have widened access by recruiting directly through vocational colleges such as The City of Liverpool College, targeting students already committed through technical study, placements or T-Levels. “This has really helped to improve the quality of candidates, eliminate drop-out and grow our cohort as a percentage of our workforce. The results are visible and we have numerous clear success stories from our relationship with The City of Liverpool College. Young people can see a genuine pathway from apprentice to engineer, supervisor, manager, director and business owner. There is no glass ceiling here.” Building, Design & Construction Magazine | The Choice of Industry Professionals
The latest research from Lyons Bowe has revealed that sellers in Merseyside are proving the most resilient when it comes to asking prices, with just 27.2% of homes currently listed for sale having undergone a price reduction, meaning almost three quarters of properties remain at their original asking price. Lyons Bowe analysed current residential property listings across England to identify the proportion of homes currently available for sale that have seen their asking price reduced before securing a buyer. The analysis compares regional and county-level markets to reveal where sellers are proving most able to hold firm on price.* Across England, there are an estimated 393,752 homes currently available for sale, excluding those already sold subject to contract or under offer. Of these, 159,861 have undergone at least one price reduction, meaning 40.6% of current listings have seen sellers adjust their asking price. However, the figures vary considerably across the country, with some markets showing considerably greater resilience. Merseyside emerges as the strongest county-level market, with just 27.2% of available homes having undergone a price reduction. This means 72.8% of current listings in the county remain at their original asking price. Greater Manchester and Northumberland also rank among England’s most resilient markets, with 33.1% of current listings in each having seen a price reduction. They are followed by Rutland at 33.6% and East Riding of Yorkshire at 34.3%. The regional figures reinforce the strength of northern markets. The North West records the lowest proportion of price-reduced homes in England, at 32.4%, meaning more than two thirds of current listings in the region have not required an asking price reduction. The North East follows at 36.8%, while Yorkshire and the Humber ranks third at 37.8%. The West Midlands also performs relatively strongly, with 39.1% of current listings having seen a price reduction, while the East Midlands records 40.6%, broadly in line with the national figure. At the other end of the scale, the South East records the highest proportion of price-reduced homes, at 43.4%, followed by London at 42.0% and the East of England at 41.9%. The South West records 40.8%, also close to the national picture. The county-level data highlights an equally wide variation. While almost half of homes currently listed in Norfolk have undergone a price reduction, at 48.2%, the proportion falls to 27.2% in Merseyside. The Isle of Wight, East Sussex and Dorset also record relatively high levels of price reductions, at 46.7%, 46.4% and 45.5% respectively. Lyons Bowe says the findings demonstrate that national housing market trends can mask significant differences between individual regions and counties, with some local markets continuing to support sellers’ asking prices more effectively than others. Paul Lyons, Managing Director at Lyons Bowe Solicitors, commented: “One of the most interesting things about the housing market at the moment is just how differently individual parts of the country are performing. Merseyside is a particularly striking example. With more than seven in 10 homes currently listed for sale yet to undergo a price reduction, sellers in the county are proving considerably more resilient than the national picture would suggest. The wider performance of the North West is also encouraging, with the region recording the lowest proportion of price-reduced listings in England. For sellers and estate agents, that points to a market where there is still scope to hold firm on asking prices when a property is accurately valued and appropriately marketed. Of course, a price reduction isn’t in itself a measure of whether a market is strong or weak. Sellers may reduce their asking price for all sorts of reasons, and the figures don’t tell us how quickly properties are selling. What they do show is where sellers have so far been less likely to need to adjust their expectations. That local picture is increasingly important. The national housing market can tell you a great deal, but it can’t necessarily tell an individual seller what is happening on their street. For estate agents, understanding those local differences is crucial when advising clients on pricing and setting realistic expectations from the outset.” Data tables and sources Building, Design & Construction Magazine | The Choice of Industry Professionals