Leading commercial property developer, Stoford has handed over a new purpose-built production plant in Leamington Spa that will create more than 100 new jobs. Plastics manufacturing company Berry Global has taken receipt of a new 166,859 sq ft unit at the multi million pound Spa Park off Tachbrook Road, close
Puma Property Finance (Puma) today announces it has provided a facility of approximately £50m for a transformational co-living, commercial and events development in Walthamstow, East London. The development, directly opposite Blackhorse Lane station, will see the creation of 273 residential living units as well as new commercial co-working areas and
MAG (Manchester Airports Group) today revealed the green light for a £440m of investment in Manchester Airport, creating thousands of jobs and unlocking billions of pounds of economic value for the North over the next decade. The investment will transform the passenger experience at the UK’s third largest airport, with
Award-winning housebuilder, Crest Nicholson, has made two new appointments to its expanding Yorkshire division. Andrew Sanderson has been appointed as Build Director and Paul Thornton as Head of Land & Planning. Previous Regional Director, Guy Evans, will now move into the role of Managing Director. Both Andrew and Paul, collectively
Banking is regulated at both the federal and state level. In order to obtain a bank charter, banks must meet certain requirements set forth by banking regulators. By understanding the banking license requirements, you can be sure that your bank meets all of the necessary standards. But when do you
SEGRO Logistics Park Northampton (SLPN) will be the company’s first UK big-box logistics park to achieve net-zero carbon in the construction of all the units and delivery of the supporting infrastructure as a result of a pioneering partnership with primary contractor Winvic Construction Ltd. SLPN will deliver up to 5
Developer Linkcity has been granted planning permission by the London Borough of Newham for Phase 4 of its Hallsville Quarter development masterplan in Canning Town. Phase 4 proposes a new mixed-use city block designed by architects PRP, which includes 377 purpose-built student accommodation rooms, a wide range of student amenity
The Founding at Canada Water, a collection of homes set amongst 160 acres of woodlands and parks, bordered by docks and waterways, will launch in spring 2023. The apartments at The Founding – featuring carefully curated, bespoke interiors designed by Conran and Partners – form part of British Land’s once
Balfour Beatty today announces that it has been awarded a c.£90 million contract by Fife College for the design and construction of a new learning campus in Dunfermline, Scotland. Balfour Beatty will be responsible for the delivery of three interlinking buildings spanning over 20,000m2, which will house state-of-the-art teaching facilities
In response to the announcement that £60m will be made available to revive brownfield sites, Mark Powell, managing director of EDAROTH – a wholly owned subsidiary of Atkins – said: “Any investment in housing is a positive move. But looking at the scale of the problem across the UK today,
Leading commercial property developer, Stoford has handed over a new purpose-built production plant in Leamington Spa that will create more than 100 new jobs. Plastics manufacturing company Berry Global has taken receipt of a new 166,859 sq ft unit at the multi million pound Spa Park off Tachbrook Road, close to the A46. The new pre-let development benefits from strong sustainability credentials including an EPC ‘A’ rating and BREEAM ‘excellent’. Berry says that the new plant will wash, sift and sort used plastics that will be recycled to produce food-grade materials. When fully operational the facility will be capable of processing seven and a half tonnes of material per hour, with a zero waste policy. The company is recruiting locally for new roles at the production plant, including mechanical and electrical engineers, technical staff and laboratory engineers. Spa Park is a multi-let business park scheme that has been developed by Stoford and is wholly owned by BlackRock. The final phase of development at Spa Park will deliver four new speculative units comprising 151,650 sq ft of office, R&D, production and distribution accommodation. All four units will be available for occupation in Q1 2023. Darryl Roadnight, Strategic Projects Director at Berry said: “We believe in the power of recycled plastic to positively influence the environmental sustainability of our world. Team members at our new facility will play a critical role as we reuse valuable materials to make new products.” Stoford Director, Edward Peel said: “Berry is a global leader in plastic and recycled packaging products that has chosen to invest in a new bespoke recycling facility at Spa Park. Its arrival has created many new and highly skilled jobs in the region and further complements the strong list of existing occupiers at the business park. “Spa Park offers high quality accommodation in a well connected site, near the M40. We’re on track to complete the final phase of the scheme in February this year and are already receiving strong interest from prospective occupiers.” Berry Global was advised by Baker Rose and Knight Webb. For more information about Spa Park, please contact retained agents CBRE, Bromwich Hardy and M1 Agency or visit: https://www.spapark.co.uk/ Building, Design & Construction Magazine | The Choice of Industry Professionals
Puma Property Finance (Puma) today announces it has provided a facility of approximately £50m for a transformational co-living, commercial and events development in Walthamstow, East London. The development, directly opposite Blackhorse Lane station, will see the creation of 273 residential living units as well as new commercial co-working areas and a flexible performing arts events space. The scheme is being developed by a joint venture between Scape Living, one of the UK’s largest providers of ‘Living’ units, and Dutch pension giant APG. As of December 2022, Scape Living received consent for the enhanced scheme and construction is expected to commence no later than Q2 2023. Once built, the project will complete the latest phase of a £3bn+ regeneration of the local area, which will have provided more than 2,500 new residential living units (across BTR, Co-Living, PBSA and build-to-sell) to address the ongoing housing shortage in the capital, as well as delivering substantial new community provision including a flexible performing arts events space and extensive amenities for tenants. The facility represents Puma’s third substantial loan into the London market in the last 9 months, following the funding of a £65m residential scheme in Stonebridge Park and a £52m new sustainable office development in Parsons Green. Scape and APG have also made substantial investments in the London residential and commercial markets in recent months, in what should be seen as a clear vote of confidence for the ongoing appeal of the capital. Shane Ryan, Director, who led the deal for Puma Property Finance, comments: “We are delighted to be partnering with Scape Living and APG to turn this exciting development into a reality. The transformation of the Blackhorse Lane area is not only helping to address the acute housing shortage in London but is creating a diverse and sustainable community. This is the largest loan that Puma Property Finance has provided to date, and it is telling that the funding will be used for a substantial co-living development, a sector in which we believe strongly and that looks set for significant growth in the coming years as it attracts further institutional capital support. More and more people are discovering the benefits of the co-living model, which provides increased certainty of costs as well as providing a sense of community alongside state-of-the-art accommodation and amenities. We are excited by the vision of the Scape Living team and we look forward to partnering on other similar Living schemes across the UK in the near-future. Puma Property Finance remains excited for the prospects of further lending going forward despite recent challenging market conditions.” Adam Brockley, Founder & Global CDO of Scape Living, added: “We are delighted to partner with Puma Property Finance for the first time. The Puma team have been a pleasure to work with throughout the process and have demonstrated a commercial approach, great flexibility in a tight timeline, and a deep knowledge of the co-living sector. We very much look forward to working with them again in the fast-growing Living space.” Building, Design & Construction Magazine | The Choice of Industry Professionals
MAG (Manchester Airports Group) today revealed the green light for a £440m of investment in Manchester Airport, creating thousands of jobs and unlocking billions of pounds of economic value for the North over the next decade. The investment will transform the passenger experience at the UK’s third largest airport, with new spacious facilities, state-of-the-art technology and equipment, and an exciting array of shops, bars, restaurants and airport lounges. It is the final phase of the £1.3bn Manchester Airport Transformation Programme (MAN-TP), first announced in 2015 with a 10-year vision to revolutionise the customer experience at the Northern hub and unlock the potential of its two full-length runways. The first phase saw Terminal 2 more than double in size, with the new facility having received positive feedback from passengers and airlines since opening in July 2021. Phase two will double the size of the existing departure lounge, with a wider selection of shops and food and drink outlets, showcasing the best of what the North has to offer. It will also involve the construction of an additional security hall, fitted with next-generation security scanners. Mace has been appointed to support MAG with the overall Programme Integration, management and Construction Managers, for overseeing two key elements of the programme – the redevelopment of Terminal 2 and the construction of a new pier, matching the look and feel of the first pier that opened in 2019 and creating extra capacity for aircraft. Jacobs will be the Principle Designer for Airfield works, delivering a new dual taxiway system to improve airfield efficiency, with flexible aircraft stands. Vanderlande has been appointed as Principle Contractor for the Baggage systems. The terminal’s new hold baggage system will be able to handle over 5,000 bags per hour, more than doubling its current capacity, with two new teardrop check in islands. Other key appointments include; Paul Willis, Chief Development Officer, Manchester Airport Group, said: “The second phase of the Manchester Airport Transformation Programme represents the concluding chapter of the most ambitious expansion project in the history of the airport, and in turn signifies a huge milestone for our city, the North and also the wider recovery of the travel industry. “We are looking forward to working with Mace and all our partners to create a world-class facility that will provide not only regional connections, but also improved global connectivity. “Their skills and experience will align perfectly with the significant expertise we have within the MAG team, and we look forward to bringing this project to life for the benefit of all our colleagues, passengers and commercial partners.” The expanded Terminal 2 has already welcomed a number of new airlines to Manchester, and seen the launch or relaunch of a string of key routes. Examples include a brand-new service to Kuwait, a revived service to Beijing and a first UK Transatlantic base for AerLingus. This latest investment will complete the transformation of Terminal 2, delivering improvement to all stages of the passenger journey – from check-in to baggage reclaims – as well as upgrading its airfield to cater for next generation aircraft. More than 500 jobs will be created in the construction phase alone, while independent analysis shows around 16,400 extra jobs will be generated by 2040 as a result of the economic activity stimulated by the expansion of the airport and its route network. Mace will also engage 1,500 young people across Greater Manchester, aim to raise £70,000 for local charities and donate 500 hours of employee volunteering time. Mace and its supply chain partners are also targeting that at least 5% of the workforce should be apprentices for the duration of the project. Over £1.3m in social value has already been created to date. Jason Millett, Chief Executive Officer, Mace Consult, said: “It’s fantastic to be delivering a project which will have such a significant impact on levelling-up the UK through job creation and enhanced connectivity. Through our partnership with Manchester Airport and local stakeholders, we will create vital infrastructure for passengers. “Helping to deliver on our vision for growth, our experienced project and programme consultants will bring their extensive aviation expertise and regional knowledge to apply fresh thinking to our approach. In turn, we aim to continue supporting the aviation sector’s path to recovery post-pandemic.” Further information, images and CGIs of the transformation programme’s second phase will be released in the coming months. Building, Design & Construction Magazine | The Choice of Industry Professionals
Award-winning housebuilder, Crest Nicholson, has made two new appointments to its expanding Yorkshire division. Andrew Sanderson has been appointed as Build Director and Paul Thornton as Head of Land & Planning. Previous Regional Director, Guy Evans, will now move into the role of Managing Director. Both Andrew and Paul, collectively bring over 45 years’ experience in the housing sector to their new roles. Andrew re-joins Crest Nicholson after beginning his career at the housebuilder over 25 years ago as a Contracts Manager. Since, he has gone on to work as a Construction Director for the likes of Miller Homes, Keepmoat Homes and most recently, Countryside Properties. Paul joins from Bellway Homes Yorkshire where he was a Planning Manager and prior to that worked at Persimmon Homes (West Yorkshire). Paul will lead on helping to drive business growth through the expansion of the land portfolio in the region, whilst Andrew will be responsible for delivering high quality homes and developments, maintaining excellent customer service. Guy Evans, Managing Director at Crest Nicholson Yorkshire said: “Over the last year we have been working to establish Crest Nicholson’s presence in Yorkshire. The division plays an important role within the company’s overall growth strategy and with our first acquisition complete and others underway, we’re pleased to be building on recent successes by welcoming both Andrew and Paul to the team.” Andrew Sanderson, Build Director at Crest Nicholson Yorkshire comments: “After over 25 years, I’m delighted to be re-joining Crest Nicholson. It is an exciting time for the new Yorkshire division, and I look forward to further supporting its expansion, delivering high quality homes in thriving communities.” Paul Thornton, Head of Land & Planning at Crest Nicholson Yorkshire comments: “I’m pleased to be joining the Yorkshire division, building on the work of Guy and his team over the last year to further expand Crest Nicholson’s offering, working towards becoming the housebuilder of choice in the region.” The Crest Nicholson Yorkshire division, which was established last year, forms part of the company’s growth strategy expanding into Northern England. It oversees North, West and South Yorkshire as well as the East Riding. In September 2022 the new division celebrated its first major land milestone, acquiring a site in Sprotbrough, on the edge of Doncaster. In 2023 the business expects to expand this further, with plans to build 600 homes annually. Building, Design & Construction Magazine | The Choice of Industry Professionals
Banking is regulated at both the federal and state level. In order to obtain a bank charter, banks must meet certain requirements set forth by banking regulators. By understanding the banking license requirements, you can be sure that your bank meets all of the necessary standards. But when do you need a banking license, and what are the banking license requirements? Read on to find out! When Do You Need A Banking License? 1. Taking Deposits From The Public Companies that take deposits from the public are required to obtain a banking license. This includes banks, credit unions, and other financial institutions that accept customer deposits, such as money market funds and other investment companies. Therefore, if you plan to take deposits from the public, you’ll need to obtain a banking license. 2. Engaging In Lending Activities In addition to taking deposits from the public, financial institutions must also engage in the lending process. For example, companies that lend money must have a banking license. The licensing requirements for this type of financial institution include having the proper insurance coverage and complying with other legal requirements. 3. Buying, Selling, Or Exchanging Securities Financial institutions that buy and sell stocks, bonds, mutual funds, and other investments must have a banking license When buying or selling an asset, a financial institution is called a broker-dealer or an investment bank. Broker-dealers need to be licensed by the Securities and Exchange Commission, while investment banks fall under the supervision of the Financial Industry Regulatory Authority (FINRA). 4. Creating New Financial Products Financial institutions can create financial products by creating and issuing mutual funds, stocks, and other financial instruments. Banks, broker-dealers, and securities firms can do this. Some financial institutions that create their products are called dealer-brokers because they work like stockbrokers, providing financial services to investors. 5. Exchanging Foreign Currency Businesses that exchange foreign currency for clients, either in person or online, are required to obtain a banking license. This includes banks, currency exchanges, money transmitters, and other businesses that exchange foreign currency. What Are The Banking License Requirements? The specific requirements for obtaining a banking license vary by state and type of bank, but they typically include things like: 1. Having a certain amount of capital that meets the regulatory requirements; 2. Having a physical location in the state; 3. Meeting specific record-keeping standards; 4. Applying the relevant regulator; 5. Obtaining approval from shareholders and directors; and 6. Complying with all applicable laws and regulations. By meeting the banking license requirements, banks can be sure that they are operating in compliance with all of the necessary regulations. This helps ensure that banks are stable and able to serve their customers properly. Before applying for a bank charter, aspiring bankers must understand the banking license requirements. It’s also important to note that obtaining a banking license can be lengthy and expensive. The cost and time required to obtain a banking license vary by state and type of bank, but it can take up to several years and cost hundreds of thousands of dollars. However, the investment can pay off in the long run by helping banks provide better service to their customers, Why Choose Surf For Banking Licenses? We have helped thousands of people secure their perfect licenses with accurate banking license requirements, so we know what we’re doing. Surf For Banking Licenses is the only source that makes it easy to apply for banking licenses and get the desired results. You don’t need to visit multiple websites or waste time calling different companies because we provide complete information about the different types of banking licenses. If you have any questions about our banking license services, feel free to contact us today. Building, Design & Construction Magazine | The Choice of Industry Professionals
SEGRO Logistics Park Northampton (SLPN) will be the company’s first UK big-box logistics park to achieve net-zero carbon in the construction of all the units and delivery of the supporting infrastructure as a result of a pioneering partnership with primary contractor Winvic Construction Ltd. SLPN will deliver up to 5 million sq ft of modern distribution space and a new 35-acre rail freight terminal, and is adjacent to Junction 15 of the M1, close to Northampton. The development, which is expected to support over 7,000 jobs, also includes significant infrastructure improvement works, including a bypass of Roade village, improvements to the A45 and M1 Junction 15 and extensive landscaping including new cycle routes and footpaths. SEGRO and Winvic will deliver the entire project, including all infrastructure and enabling works, at net-zero carbon. This will be achieved through a number of innovations in the construction and procurement processes to reduce the amount of embodied carbon in the base build by approximately 40%, with any outstanding carbon being offset. Initiatives include: Use of recycled and low-carbon materials Shift to green and renewable power Reduction of on-site waste In line with the company’s Responsible SEGRO commitment to be net-zero carbon by 2030, the scheme has been designed to reduce the amount of embodied carbon as far as practically possible. The carbon that can’t be removed will be offset through a variety of initiatives that will be focused around social value, ecology and renewable energy. These include peat bog restoration in the North East of the UK, a carbon farming project in Somerset and several tree planting schemes. An initial 165,000 Verified Carbon Standard carbon credits have been purchased. SEGRO’s current priority is to reduce carbon emissions, however the company is simultaneously developing its carbon offsetting strategy. The learnings from SEGRO Logistics Park Northampton will inform this strategy. Andrew Pilsworth, Managing Director, National Logistics at SEGRO said: “Rapid advances in construction techniques and building design are enabling developers to deliver warehouse units more sustainably, but SEGRO Logistics Park Northampton will be the first time net-zero is achieved across an entire vast industrial site, including the delivery of all on-site and off-site supporting infrastructure. “This is the result of a truly innovative approach from SEGRO and our partner Winvic to source recycled materials and embed the principles of the circular economy at all stages of the design and development process. Developments such as SEGRO Logistics Park Northampton are vital cogs in domestic and global supply chains, and it is critical we can deliver them to meet our customers’ requirements for net-zero carbon warehousing and help the UK transition to a greener economy.” Arun Thaneja, Winvic’s Technical Services and Sustainability Director, added: “Our combined vision for sustainable procurement and operations, has resulted in SEGRO Logistics Park Northampton being a perfect example of how we work in partnership to deliver innovative net zero developments. We hope the scheme becomes a source of inspiration for net-zero in the construction industry.” Building, Design & Construction Magazine | The Choice of Industry Professionals
Developer Linkcity has been granted planning permission by the London Borough of Newham for Phase 4 of its Hallsville Quarter development masterplan in Canning Town. Phase 4 proposes a new mixed-use city block designed by architects PRP, which includes 377 purpose-built student accommodation rooms, a wide range of student amenity spaces including a first-floor garden and 7th-floor roof terrace and 487m2 of new ground floor, flexible commercial floorspace and landscaped public realm. As with the previous phases, Bouygues UK will be the main contractor and will take a low-carbon, sustainable approach. Construction is expected to begin towards the end of the year. Planning and development consultancy Montagu Evans have been advising Linkcity on Phase 4, which will deliver the final jigsaw piece of the new town centre. It marks the penultimate phase of the Hallsville Quarter Masterplan and is expected to complete in Summer 2025. In total the Hallsville Quarter development will provide over 1,100 new homes, a new hotel, up to 30,000m2 of leisure, work and retail space with a new art-house style cinema, and community facilities including a new public health centre close to the Canning Town transport hub. New public spaces, pedestrian links, cyclist provisions and secure parking spaces are also included. Phillippa Prongué, Linkcity Managing Director said, “I’m so thrilled we have been given the go ahead to deliver phase 4 of this significant regeneration project in the London Borough of Newham, which will provide much-needed student accommodation in the area. It’s exciting to see the new town centre coming on at pace and students will bring vitality and diversity to this community.” Building, Design & Construction Magazine | The Choice of Industry Professionals
The Founding at Canada Water, a collection of homes set amongst 160 acres of woodlands and parks, bordered by docks and waterways, will launch in spring 2023. The apartments at The Founding – featuring carefully curated, bespoke interiors designed by Conran and Partners – form part of British Land’s once in a generation development project in Zone 2 of south-east London, which is set to deliver a total of 3,000 new net zero homes by 2030, and a vibrant destination for all to live, work, play and relax. A range of studios, one-, two- and three-bedroom apartments will be available within The Founding, with panoramic views across London from floor to ceiling windows and private balconies. The upcoming launch of The Founding presents the first chance to purchase a new apartment at Canada Water and an opportunity to be part of the area’s incredible growth story. Alongside the new homes, British Land’s plans include upwards of two million sq ft of office space for an estimated 20,000 workers, and one million sq ft of leisure, cultural and educational facilities. Recent research carried out by British Land sought to understand Londoners’ priorities when it comes to where they choose to live, with three-quarters (74%) ranking proximity to amenities, such as local shops and businesses, as their top priority while 70% of Londoners want to have green space and parks close to home. Canada Water more than delivers on both fronts. Emma Cariaga, Head of Residential and Co-Head of Canada Water at British Land, comments: “The launch of The Founding in spring marks the start of the next exciting chapter in Canada Water’s rejuvenation. The apartments are in a prime location within the wider scheme, minutes from Canada Water station, overlooking Canada Dock and positioned at the start of Canada Water’s new high street. These three elements represent the key appeal of Canada Water, an area that is surrounded by green space and water, yet moments from central London.” Alex Carr, director within JLL’s residential development team comments: “As demand has shifted towards the ’15-minute city’ concept – where green spaces, employment hubs, retail, restaurants and education are all situated within close proximity – the vision of the Canada Water masterplan, alongside the launch of the first residential phase in 2023, is highly anticipated. People are becoming increasingly convenience-led and therefore drawn to the idea of living in an evolving neighbourhood that is well-connected with easy access to transport, not to mention in a development that is well equipped with residents’ amenities. As a result, we expect high interest levels in The Founding, which meets a lot of these requirements. “New builds have continued to prove popular in 2022, with annual reservations up by 10% on the same period in 2021. As Canada Water continues to mature, we expect applicants (for homes to buy and rent) in the SE16 area to rise.” The marketing suite is open by appointment only from February. For further information and to register interest visit: www.thefounding.co.uk. Building, Design & Construction Magazine | The Choice of Industry Professionals
Balfour Beatty today announces that it has been awarded a c.£90 million contract by Fife College for the design and construction of a new learning campus in Dunfermline, Scotland. Balfour Beatty will be responsible for the delivery of three interlinking buildings spanning over 20,000m2, which will house state-of-the-art teaching facilities and learning spaces for students, staff and business clients. As part of its commitment to leaving a lasting, positive legacy for the communities in which it operates, Balfour Beatty has committed to 50% of its workforce being made up of people from the local, surrounding area. Once complete, the campus will bring together c.4,500 school pupils and college students from Fife College, St Columba’s RC High School and Woodmill High School. Hector MacAulay MBE, Managing Director of Balfour Beatty’s regional business in Scotland, said: “We are delighted to have been appointed to design and construct the new Fife College campus in Dunfermline, testament to our significant experience and expertise in delivering further education projects in Scotland. “Throughout, we will remain steadfast in our commitment to positively impacting local communities and stimulating economic growth, providing numerous employment opportunities for local people as well as work experience placements for students.” Main construction is scheduled to commence later this month. At peak construction, Balfour Beatty will employ approximately 400 people including a number of apprenticeship and graduate positions. Building, Design & Construction Magazine | The Choice of Industry Professionals
In response to the announcement that £60m will be made available to revive brownfield sites, Mark Powell, managing director of EDAROTH – a wholly owned subsidiary of Atkins – said: “Any investment in housing is a positive move. But looking at the scale of the problem across the UK today, this is barely a drop in the ocean, especially compared to the £1.6bn spent on temporary accommodation from 2021 to 2022, according to government’s own figures. “There are currently in excess of one million households on social housing waiting lists across England, so an extra 5,800 homes by 2027 as quoted in the statement is in no way adequate. And it is a long way short of widely accepted estimates that we need to build at least 90,000 new social homes per year. “It’s a challenge that requires a proportionate response. However the recognition that brownfield sites have a role to play in the solution is welcome, as we have been calling for, and integral to that development is the use of modern methods of construction. “In addition to traditional methods, MMC represents a very real opportunity to accelerate the delivery of new homes across the UK which are not only energy efficient but can also be built faster with greater cost certainty. “But the MMC sector needs a strong pipeline of developments in order to sustain it and make it viable in the UK, which we would hope funding announcements like this will support.” Building, Design & Construction Magazine | The Choice of Industry Professionals