Kenneth Booth
Developer confidence deteriorates further as specialist finance becomes increasingly critical

Developer confidence deteriorates further as specialist finance becomes increasingly critical

Jonathan Samuels, CEO of specialist lender, Octane Capital, believes that continued economic uncertainty has further weakened confidence across the UK development sector during the second quarter of 2026, with developers becoming increasingly reliant on specialist finance to help navigate a more challenging market. The quarterly survey, commissioned by Octane Capital, tracks

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Jan Green becomes Chief Commercial Officer for STARK Building Materials UK

Jan Green becomes Chief Commercial Officer for STARK Building Materials UK

STARK Building Materials UK has appointed Jan Green as Chief Commercial Officer, strengthening its senior leadership team as the business continues to develop its commercial strategy and industry partnerships. Jan brings more than 12 years’ experience in the building materials and distribution sector, having held senior commercial roles with other

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Over £100m awarded in UK-wide onshore windfarm contracts boost

Over £100m awarded in UK-wide onshore windfarm contracts boost

ScottishPower has awarded contracts totalling a record £102.9million to companies spanning the country in the latest round of support for Britain’s supply chain. Businesses based in the north and south of Scotland, the outskirts of London and in Northern Ireland share the bumper investment, which will create engineering jobs and

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VIVID welcomes NFDC members to New Milton affordable homes scheme

VIVID welcomes NFDC members to New Milton affordable homes scheme

Councillors from New Forest District Council (NFDC), including its Portfolio Holder for Housing, visited VIVID’s new housing development in New Milton on Friday to see progress on 17 new affordable homes. The homes are being built on land adjacent to Milton Barns on Gore Road and are being delivered by

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Jones Hargreaves marks strong H1 with completion of 3 Embankment refurbishment

Jones Hargreaves marks strong H1 with completion of 3 Embankment refurbishment

Jones Hargreaves, the national commercial building, project and sustainability consultancy, has completed the project management of 3 Embankment, a five-storey Grade A office refurbishment in Leeds city centre. Located on Sovereign Street in Leeds’ Southbank, the brick-fronted building has been comprehensively refurbished to create high-quality, contemporary workspace. The scheme features

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Latest Issue
Issue 343 : Aug 2026

Kenneth Booth

Developer confidence deteriorates further as specialist finance becomes increasingly critical

Developer confidence deteriorates further as specialist finance becomes increasingly critical

Jonathan Samuels, CEO of specialist lender, Octane Capital, believes that continued economic uncertainty has further weakened confidence across the UK development sector during the second quarter of 2026, with developers becoming increasingly reliant on specialist finance to help navigate a more challenging market. The quarterly survey, commissioned by Octane Capital, tracks how developer sentiment, project appetite and reliance on specialist finance are shifting as market conditions evolve. The latest research shows that just 23% of developers now believe UK property market conditions will improve during 2026, down from 35% in the previous quarter, with more than three quarters (77%) now expecting conditions to remain challenging. As confidence has deteriorated, reliance on specialist finance has continued to strengthen. More than four in five developers (83%) now say they expect to utilise specialist finance to help navigate current market conditions, up from 72% in Q1. Bridging finance remains the most widely expected specialist lending product, with expected usage increasing from 40% to 44% quarter-on-quarter. Development finance has also seen an increase in demand, rising from 24% to 29%. The survey also suggests that developers are becoming increasingly cautious when it comes to progressing new projects. Whilst the proportion more likely to break ground on development or investment projects remained unchanged at 20%, the number stating they are less likely to proceed has climbed sharply from 37% to 57%. At the same time, the proportion expecting activity levels to remain broadly unchanged has almost halved, falling from 43% to 23%. This more cautious outlook reflects the continued challenges facing the sector, with almost all developers surveyed (97%) stating that obstacles remain within the current market. High build and labour costs remain the most significant challenge, cited by 35% of respondents, whilst concern around planning delays and uncertainty has increased notably to 29%, making it the second biggest barrier to development activity. Despite the weakening outlook, developers continue to believe that improvements to the lending environment could help unlock activity. Falling interest rates were identified as the single biggest factor that could improve market conditions (23%), followed by improved lender confidence (20%) and greater availability of finance (16%). The findings suggest that whilst confidence has weakened further, developers remain focused on progressing opportunities where possible, increasingly looking towards specialist lenders capable of providing the speed, flexibility and certainty required to navigate today’s more complex market. Jonathan Samuels, CEO of Octane Capital, commented: “The second quarter has seen confidence soften further, with developers clearly becoming more cautious about both current market conditions and the prospects for the remainder of the year. Build costs remain stubbornly high, planning delays continue to frustrate development activity, and wider economic uncertainty is making it increasingly difficult for developers to commit to new projects with confidence. At the same time, we’re seeing specialist finance become more important than ever. The continued increase in demand reflects the fact that developers still want to transact, but they’re increasingly looking for lenders that can provide the speed, flexibility and certainty needed to navigate a far more complex market. Whilst sentiment has undoubtedly weakened, opportunities still exist for those able to move decisively, and that’s exactly where specialist finance continues to play such an important role.” Data Tables and Sources Building, Design & Construction Magazine | The Choice of Industry Professionals

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Jan Green becomes Chief Commercial Officer for STARK Building Materials UK

Jan Green becomes Chief Commercial Officer for STARK Building Materials UK

STARK Building Materials UK has appointed Jan Green as Chief Commercial Officer, strengthening its senior leadership team as the business continues to develop its commercial strategy and industry partnerships. Jan brings more than 12 years’ experience in the building materials and distribution sector, having held senior commercial roles with other leading merchants. She has extensive expertise in developing supplier relationships, identifying opportunities for growth, and creating greater value for customers and commercial partners. In her new role, Jan will focus on strengthening STARK UK’s partnerships with suppliers and ensuring they have the support, insight and visibility needed to succeed in an evolving and challenging market. She will also work across STARK UK and its brands to help make the business the go-to merchant for products and materials, connecting strong supplier partnerships with the changing needs of customers. Jan’s appointment will build on STARK UK’s customer-first approach and support its ambition to be the UK’s number one building and materials distributor and partner of choice. Jan said: “I’m thrilled to be stepping into the role of Chief Commercial Officer for STARK Building Materials UK. The business has strong foundations and trusted relationships with customers and suppliers, giving us an exciting platform from which to grow. “I’m looking forward to working with colleagues and partners across the industry to strengthen those relationships, create new opportunities and make a positive difference to our business, our customers and the wider sector.” Commenting on her appointment, Ian Goldsmith, Chief Strategy Officer at STARK UK, said: “Jan’s expertise in the building and materials distribution sector combined with her passion for developing strong and lasting supplier and customer relationships is a huge asset to STARK UK. I have no doubt she will make a meaningful impact on both our business and the industry as a whole.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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BAM UK & Ireland announced as Headline Sponsor of the Sustainability Arena at London Build 2026

BAM UK & Ireland announced as Headline Sponsor of the Sustainability Arena at London Build 2026

London Build, the UK’s largest and most influential construction and design show, is delighted to announce BAM UK & Ireland as the Headline Sponsor of the Sustainability Arena at London Build 2026, taking place on 25–26 November at Excel London. Created in collaboration between London Build and elementalLONDON, the Sustainability Arena will host two days of discussion on the industry’s biggest sustainability challenges and opportunities. Sessions will explore topics including decarbonisation, nature recovery, energy efficiency, building performance, climate resilience and the delivery of net zero goals. As one of the event’s flagship conference stages, the Sustainability Arena will welcome thousands of professionals from across the built environment, with expert speakers, practical case studies and networking opportunities focused on accelerating sustainable change across the built environment. As Headline Sponsor, BAM UK & Ireland will highlight the progress made during the first year of its strategic partnership with the Eden Project, demonstrating how nature recovery can be embedded into construction projects. On Thursday 26 November, BAM UK & Ireland and the Eden Project will host a joint panel discussion, Nature Recovery in Construction: One Year On, exploring lessons from the partnership and discussing how nature-positive approaches can help deliver better outcomes for communities and for nature. John Wilkinson, Chief Operating Officer at BAM UK & Ireland, said: “The challenges facing our industry – from decarbonisation and climate resilience to nature recovery – can only be tackled through collaboration. That’s why we’re proud to sponsor the Sustainability Arena and work alongside London Build to create a platform for conversations and collaboration. As we approach the first anniversary of our partnership with the Eden Project, we’re looking forward to sharing what we’ve learned about putting nature recovery at the heart of construction.” Dan James, Development Director at the Eden Project, said: “The built environment has a vital role to play in restoring nature, not just reducing its impact. Our partnership with BAM demonstrates how nature recovery can be embedded into the way we design, build and manage places, creating healthier environments for people alongside thriving ecosystems. We’re looking forward to sharing what we’ve learned over the past year and exploring how collaboration across the sector can help make nature-positive construction the norm.” The Sustainability Arena forms part of the extensive CPD-accredited conference programme across London Build and elementalLONDON, featuring more than 900 speakers across 17 dedicated stages. Together, the events provide one of the UK’s largest platforms for knowledge sharing, collaboration and innovation across the built environment. Panels in the Sustainability Arena include: Thought Leaders Speaking in the Sustainability Arena Include: London Councils Whether you’re looking to discover the latest sustainable materials, hear from the organisations delivering some of the UK’s most ambitious projects or connect with fellow professionals committed to building a greener future, the Sustainability Arena is a must-visit feature at London Build and elementalLONDON 2026. Take a look at the full line-up here. The UK’s Most Influential Built Environment Event London Build continues to be the UK’s largest and most influential construction festival, bringing together more than 25,000 industry professionals, 650+ exhibitors, and 900+ speakers across two days of content, networking, entertainment, and business opportunities. Attendees can also expect Meet the Buyers sessions, Architect’s Hub, Government Hub, start-up showcases, live entertainment, and industry-led networking events designed to connect decision-makers across the sector. Co-located with London Build, elementalLONDON connects the specification and contracting community with the technologies, products and expertise needed to improve energy performance across commercial, industrial and large-scale residential buildings. Join us on 25-26 November at Excel London. Get in touch via www.londonbuildexpo.com or marketing@londonbuildexpo.com. To find out more about how BAM UK & Ireland and the Eden Project are reimagining the built environment visit: https://www.bam.co.uk/eden-project Building, Design & Construction Magazine | The Choice of Industry Professionals

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Vistry and Homes England to deliver 123 new homes and 80-bed care home in Tamworth

Vistry and Homes England to deliver 123 new homes and 80-bed care home in Tamworth

Vistry and Homes England have exchanged contracts to regenerate the former South Staffordshire College site on Croft Street, Tamworth, bringing forward plans for 123 new homes and a care home of up to 80 beds in Tamworth following a competitive selection process. Outline planning consent for 123 new homes (including 20% affordable housing) and a care home with up to 80 beds was granted in June 2025. All have had a building for a healthy life assessment which assures the design is independently assessed for liveable neighbourhoods. Demolition of the former college buildings was approved in 2024, with South Staffordshire College relocating to a new facility at St Editha’s Square, Tamworth, in 2025, paving the way for redevelopment. Demolition work, led by Homes England, is now underway and due to complete in summer 2026, at which point Vistry will submit a reserved matters planning application. Dave Bradley, Managing Director for Vistry North Midlands said: “This major regeneration scheme will transform a challenging brownfield site into 123 high-quality, well planned mixed tenure new homes alongside a care home of up to 80 beds. We share the Government’s ambition to deliver homes at pace and scale, and by working closely with Homes England and Tamworth Borough Council we can help create a vibrant, sustainable community that meets local housing needs while bringing investment into the town.” Jo Nugent, Executive Director – Midlands at Homes England, said: “Homes England acquired the college site at Croft Street, Tamworth to part fund the development of the new college campus in Tamworth town centre as well as provide new homes for local people on the Croft Street site. The relocation of the college acted as a catalyst for a town centre regeneration programme led by Tamworth Borough Council to provide better access and more modern educational facilities for the local community. The Croft Street site is ideally situated in a residential area opposite the mainline station and close to Tamworth Town Centre to deliver sustainable new homes for all ages including care home provision.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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Over £100m awarded in UK-wide onshore windfarm contracts boost

Over £100m awarded in UK-wide onshore windfarm contracts boost

ScottishPower has awarded contracts totalling a record £102.9million to companies spanning the country in the latest round of support for Britain’s supply chain. Businesses based in the north and south of Scotland, the outskirts of London and in Northern Ireland share the bumper investment, which will create engineering jobs and boost local economies throughout the country. The contracts, which equate to the highest award of its kind to date, will cover the operation and maintenance of 24 of ScottishPower Renewables’ onshore windfarms for the next five years, ensuring they continue to power the country with clean, green energy. ScottishPower Renewables’ Onshore Construction and Operations Director Ross Galbraith said: “Transitioning the country to a cleaner, greener future has so many benefits beyond the environment, and our support for the supply chain throughout the UK is clear evidence of this. “By continuing to invest in our assets, we are giving businesses in the supply chain the confidence to make their own investments, and that results in jobs and other benefits for local communities.” Three of the four companies extend existing relationships with SPR, having already completed successful contracts on a number of windfarms, and the new contracts have allowed them to grow further. Ross Galbraith added: “All of these companies have proven track records in the wind energy sector, and we are proud to be able to build on existing relationships and cultivate new ones which we look forward to being able to grow in the years ahead.” New supplier – Gael Energy Ltd – is based in Invergordon, in the Highlands, and is already experienced in operating windfarms. This played a significant role in the company’s selection, alongside its ability to secure local resources within the area. Gael Energy Founder and Managing Director Hamish Campbell said: “We are delighted to have been awarded this Operations & Maintenance contract and to be supporting another renewable energy project here in the Highlands. “As a business headquartered in the heart of the Highlands, we’ve always believed that having a strong local presence is fundamental to the way we operate. Being close to our customers allows us to respond quickly, build lasting relationships, and invest in the communities where we work. “This contract is another important milestone for Gael Energy, strengthening our growing portfolio of windfarm O&M agreements and reinforcing our commitment to delivering high-quality, reliable services across the region. It also represents another step in our continued growth throughout the Highlands, creating opportunities for our team while supporting the long-term success of Scotland’s renewable energy sector. “We look forward to working closely with ScottishPower Renewables to ensure the wind farm continues to operate safely, efficiently and reliably for years to come.” Everun Limited is headquartered in Belfast and has been working with SPR on its Irish-based assets for the last five years. Having secured major works contracts for a number of SPR sites in Scotland in 2024, Everun has continued to invest, establishing facilities in Glasgow and recruiting a dedicated team.   This tender sees Everun adding to the five SPR Northern Ireland/Ireland sites already under O&M, with three new sites covering 97 WTG’s and 15 staff directly supporting its Scotland operations.    Everun Managing Director Michael Thompson reflected on a long and deepening relationship with SPR, saying: “The partnership between SPR and Everun has been built over a number of years, setting clear objectives for continuous improvement via investment in staff and infrastructure. “We are delighted to be expanding our operations and look forward to delivering consistent services for SPR into the future.”   RES, the world’s largest independent renewable energy company, officially opened its new logistics hub in Bellshill, Lanarkshire, earlier this month. The hub acts as the operational base for a major five-year O&M contract with ScottishPower Renewables covering 15 windfarms, providing logistics support, component refurbishment and specialist technical resource across the portfolio. The contract has created 32 direct jobs, including 16 technicians, taking RES’ total headcount on the contract to close to 100.  Simon Deacon, Regional O&M Director, Northern Europe at RES, said: “This contract reflects the long-term, technical partnership we’ve built with ScottishPower Renewables. Our growing team at Bellshill gives us the local capability to support this expanded portfolio safely and efficiently.”  Natural Power is based in Dumfries and Galloway, Scotland. They’ve expanded their SPR portfolio by securing four more windfarms as part of this process, employing 23 people across the sites. Matthew Kelly, Director of Operations and Asset Management at Natural Power, said: “We’re delighted to have strengthened our long-standing relationship with ScottishPower Renewables through this latest contract award. It reflects the confidence in our people, our operational expertise and our ability to safely deliver high-quality services across its onshore wind portfolio. “As a business headquartered in south-west Scotland, we’re particularly proud that this investment supports skilled jobs within local communities while helping maintain the reliable operation of renewable energy assets that are making an important contribution to Scotland’s clean energy ambitions. “We’ve invested in expanding our teams in both Dumfries and Lanark to support the contract, creating new opportunities for skilled engineers and strengthening our operational capability for the future. We look forward to continuing to work closely with ScottishPower Renewables and continuing to support the production of reliable, clean energy.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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VIVID welcomes NFDC members to New Milton affordable homes scheme

VIVID welcomes NFDC members to New Milton affordable homes scheme

Councillors from New Forest District Council (NFDC), including its Portfolio Holder for Housing, visited VIVID’s new housing development in New Milton on Friday to see progress on 17 new affordable homes. The homes are being built on land adjacent to Milton Barns on Gore Road and are being delivered by leading housing association VIVID, in partnership with local contractor Glossbrook. The development will provide 14 houses and 3 flats for social rent. The scheme, which is being delivered with grant funding support from Homes England, was visited by Councillor Steve Davies, who holds responsibility for housing on New Forest District Council’s Cabinet and who serves as one of the local New Milton councillors. He was joined on the visit by fellow local councillor, Councillor Steve Clarke, together with Sophie Sajic, NFDC’s Strategic Director for Housing & Communities. Mike Shepherd, Chief Investment Officer at VIVID, said: “Strong relationships and partnerships with local councils are key to helping us deliver more affordable homes for customers and respond to the growing housing need in our communities. We know how important a safe, secure and affordable home is, so it’s encouraging to see these new homes taking shape in New Milton. As well as providing much-needed housing, we’re helping to create a good place to live where customers can put down roots, feel part of the community and build a positive future for themselves and their families.” Councillor Steve Davies, New Forest District Council’s Portfolio Holder for Housing, said: “This development is a significant achievement and highlights the value of partnership working in tackling local housing need. New Forest District Council has been pleased to work as an enabler, to support VIVID in bringing forward this scheme, helping to create high-quality homes that will make a real difference to residents’ lives. These new homes will provide security, opportunity and a strong foundation for individuals and families to build their future, allocated through the Council’s housing register.” Richard Fooks, Managing Director of Glossbrook Builders added: “We’re proud to be working in partnership with VIVID to deliver this affordable housing development, helping to provide much-needed, high-quality homes for the local community. This project reflects our commitment to building well-designed, sustainable homes that will have a lasting positive impact for future residents. We look forward to successfully delivering the scheme whilst supporting VIVID and their project partners in creating a development that will make a positive and lasting contribution to the local community.” The homes are expected to be completed by April next year, subject to progress on site. The Gore Road development is one of several VIVID’s delivering across the New Forest, helping more local people access affordable homes. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Unite Reshapes Student Housing Strategy as Build Costs Stall New PBSA Development

Unite Reshapes Student Housing Strategy as Build Costs Stall New PBSA Development

The UK’s largest purpose-built student accommodation (PBSA) provider is embarking on a major strategic overhaul, with plans to dispose of up to 20,000 student beds while warning that rising construction costs are threatening the delivery of new developments across the sector. Unite Group has confirmed it intends to streamline its portfolio, reducing its holdings from around 72,000 beds to approximately 55,000 beds across 20 key university cities. The move follows its acquisition of Empiric and reflects a growing focus on the UK’s highest-performing universities, where student demand continues to strengthen despite wider challenges facing the higher education sector. The company has already completed around £190 million of property disposals this year and now expects total sales to reach approximately £400 million, with proceeds supporting its wider investment strategy and share buyback programme. The portfolio reshaping comes at a time when many universities are facing financial pressures and softer student demand, particularly outside the country’s leading institutions. In contrast, applications to so-called high-tariff universities continue to grow, prompting Unite to concentrate future investment around locations with stronger long-term occupancy prospects. Alongside its portfolio review, Unite has issued a stark warning over the future pipeline of student accommodation developments, highlighting that soaring construction costs, more stringent building regulations and weaker investment values have made many new schemes financially unviable. According to the company, developments outside London now require weekly rents of more than £300 to achieve acceptable returns, compared with Unite’s current average regional rent of around £190 per week. The same economic pressures are also affecting the Build-to-Rent sector, where viability challenges are slowing the delivery of new residential developments across many parts of the UK. Despite these headwinds, Unite expects demand for high-quality student accommodation to remain resilient. A combination of fewer new developments, older PBSA schemes leaving the market and continued reductions in private rented housing available to students is expected to tighten supply over the coming years. Construction activity continues on two major off-campus developments. Hawthorne House in Stratford, providing 719 student beds, has now reached practical completion and is awaiting Building Safety Regulator approval before opening for the 2026/27 academic year. Meanwhile, the 934-bed Central Quay development in Glasgow remains on schedule for completion in 2027. The company is also reviewing plans for a further 2,400 consented beds across London and Bristol, with options including revised funding arrangements, joint venture partners or potential disposal depending on market conditions. Future growth is expected to be increasingly focused on partnerships with universities themselves. Unite has already committed to delivering more than 4,300 additional student beds through on-campus joint ventures, including the Castle Leazes redevelopment in Newcastle and Cambridge Hall in Manchester. For the construction and property sectors, Unite’s latest strategy reflects the changing dynamics of the PBSA market. While demand for student accommodation remains robust in key university locations, escalating construction costs, tighter regulatory requirements and shifting investment returns are reshaping development priorities, with greater emphasis on long-term partnerships, asset optimisation and selective investment in high-demand markets. The company also confirmed it expects to invest a further £61 million in fire safety remediation works over the next two years as part of its ongoing building improvement programme. Unite anticipates recovering between 50% and 75% of total cladding remediation costs through claims against contractors, although reimbursements are expected to follow after the remediation works have been completed. As the sector adapts to changing economic conditions, Unite’s strategy signals a significant shift towards portfolio quality over scale, reinforcing the importance of targeting resilient university markets while navigating one of the most challenging development environments the PBSA sector has experienced in recent years. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Vistry and Abri agree forward sale of 141 homes at Fordham, unlocking delivery of 1,500 home masterplan

Vistry and Abri agree forward sale of 141 homes at Fordham, unlocking delivery of 1,500 home masterplan

Vistry, the UK’s leading provider of mixed-tenure homes, and Abri, a large housing provider operating across the south of England, have reached a key milestone at their 1,500-home Fordham development in West Sussex, agreeing the forward sale of 141 affordable homes to Abri through their joint venture, Ford North LLP. The transaction is for 76 Section 106 affordable homes and a further 65 affordable homes, which Abri plan to develop with support through grant funding from Homes England, the government’s housing and regeneration agency. These homes will be delivered as part of Phase 1 of the scheme. Crucially, the forward sale enables the commencement of the housing phase at Fordham, marking the transition from planning to delivery of this major new community, with construction anticipated to start in September 2026. Ford North LLP, the joint venture between Vistry and Abri, is leading the delivery of the wider scheme, with Abri also acting as the end purchaser for the affordable homes within this first phase. The agreement demonstrates the strength and flexibility of the partnership, enabling both organisations to accelerate the delivery of much-needed homes. Fordham is a landmark mixed-use development on the former Ford Airfield site, which will deliver around 1,500 high-quality new homes alongside extensive infrastructure and community facilities. Of these, 960 homes are being delivered through the Vistry and Abri joint venture. Planning approval has already been secured from Arun District Council for the initial phases of development, including nearly 700 homes and significant infrastructure. This includes a primary spine road, new pedestrian and cycle routes, bus connectivity, and more than 11 hectares of public open space, alongside play areas, sustainable drainage systems and ecological enhancements. The wider development will also feature a new primary school, a care home, a local centre and employment space, creating a sustainable and well-connected neighbourhood. The vision for Fordham has been shaped by more than a decade of collaboration with local partners and is a key strategic allocation within the Arun District Local Plan. Alex Jordan, Managing Director for Vistry South East, said: “This forward sale represents a major milestone for Fordham and, importantly, enables us to begin delivering new homes on site. Our partnership with Abri is central to the success of this scheme, and this agreement highlights how our joint venture model can accelerate delivery while maintaining a strong focus on quality and place-making. “Fordham is a transformational development that will provide not just new homes, but the infrastructure and community facilities needed to support long-term, sustainable growth.” Sally Ingham, Director of Development at Abri, commented: “This agreement secures a significant number of affordable homes for Abri customers and marks the next stage of delivery at Fordham, transforming a long-held vision into a new community with homes, green spaces, transport links and facilities for local people. The inclusion of additional homes that we plan to develop with support from Homes England grant funding will help maximise the affordable housing provision delivered through the development. “Our long-standing partnership with Vistry demonstrates what can be achieved when organisations work together. Fordham is a great example of how collaborative working can unlock large scale developments, helping us deliver the homes and communities needed while supporting Abri’s ambition to build 20,000 new homes by 2036.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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Jones Hargreaves marks strong H1 with completion of 3 Embankment refurbishment

Jones Hargreaves marks strong H1 with completion of 3 Embankment refurbishment

Jones Hargreaves, the national commercial building, project and sustainability consultancy, has completed the project management of 3 Embankment, a five-storey Grade A office refurbishment in Leeds city centre. Located on Sovereign Street in Leeds’ Southbank, the brick-fronted building has been comprehensively refurbished to create high-quality, contemporary workspace. The scheme features a striking reception, business lounge and upgraded communal areas, with suites ranging from 2,507 sq ft to 33,281 sq ft. Jones Hargreaves delivered the six-month project on behalf of UKRO, working alongside RU Creative, Adapt Real Estate and Time Limit Interiors. Other projects completed by Jones Hargreaves during the first half of 2026 include a variety of landlord and tenant-led office refurbishments together with the £1.6m refurbishment of Robin Hood Industrial State, Nottingham, for Hines. The office refurbishment projects reflect a growing trend across the UK, with landlords increasingly investing in the refurbishment of existing office buildings to deliver the high-quality, sustainable workspace occupiers are seeking. Avison Young reports that refurbishment projects now account for the majority of office development pipelines across the UK’s nine largest regional office markets, with refurbishment space increasing 12% year-on-year. The recent project completions cap a busy first half of 2026 for Jones Hargreaves. Between January and June, the consultancy delivered 540 instructions nationally, including more than 5,000 onsite inspections covering ESG, building surveys, project management and dilapidations. The business also welcomed six new team members during the first half of the year, taking its headcount to 59 across offices in Birmingham, Bristol, Cardiff, Glasgow, Leeds, London and Manchester. The team in Manchester have recently moved to bigger premises to support future growth of Jones Hargreaves in the North West.  During the same period, several graduates achieved Chartered Surveyor status after successfully completing their APCs. The team will also welcome back Abi Colling in August following the completion of her degree at the University of Reading, where she received the CIOB Certificate of Excellence for achieving the highest mark in her final year.  Three other new graduate recruits are also set to join in late summer. Matthew Jones, Founding Partner at Jones Hargreaves, said: “The completion of 3 Embankment reflects the type of projects we’re increasingly delivering for investors, landlords and occupiers looking to reposition existing assets. Our joined up approach combining core Building Surveying, MEP and energy consultancy delivers real benefits for our clients.   “Combined with the growth of our team and the volume of instructions we’ve completed in the first half of the year, it has been a positive period for the business. We’re grateful to our clients for their continued confidence and are looking forward to building on this momentum during the second half of 2026.” Jones Hargreaves’ expert multi-disciplinary team of building surveyors, ESG consultants and electrical & mechanical engineers advise on a range of commercial assets spanning predominantly industrial, office and retail space. With a number of large-scale retained clients, Jones Hargreaves is astute in delivering  building projects together with dilapidations, TDDs, ESG work and much more.  Established by founders Matthew Jones and Peter Hargreaves, and joined by Managing Partner, Matt Williams, the consultancy is a growing business which has a commitment to investing in its team and the next generation of the property industry. For more information, visit www.joneshargreaves.co.uk  Building, Design & Construction Magazine | The Choice of Industry Professionals

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CBRE Investment Management and Moda Complete Seed Acquisition for UK Single Family Housing Partners

CBRE Investment Management and Moda Complete Seed Acquisition for UK Single Family Housing Partners

CBRE Investment Management (“CBRE IM”), on behalf of CBRE UK Single Family Housing Partners (“SFHP”), has completed the acquisition of a 222-home single family housing portfolio in the South East of England from UK housebuilder, Bellway. The transaction represents the seed investment for CBRE IM’s newly launched SFHP strategy, established in partnership with Moda Living. The platform is focused on delivering and operating high-quality, professionally managed family rental homes in structurally undersupplied UK markets, providing investors with access to a growing and resilient residential segment. The portfolio comprises a mix of completed homes and forward-funded development across three sites in established residential markets: Stevenage, Milton Keynes and Burgess Hill. All homes are expected to be delivered by the end of 2027. The sites all have excellent access to high quality transport links, proximity to major employment centres, schooling and attractive local amenities. The developments will deliver predominantly two- and three-bedroom homes, with a layout and specifications aligned to the needs of family renters and long-term occupiers. Homes within the portfolio will be operated by CBRE IM’s partner, Moda Living. Tom James, Head of UK Transactions at CBRE Investment Management, said: “This is an exciting addition to our residential platform and a great first step in growing our single family housing fund, delivering high-quality houses on attractive sites in locations where demand for best-in-class, professionally managed rental housing continues to outstrip supply. Working alongside Moda Living, we are building a platform designed to deliver at scale, both in terms of operational execution and investor outcomes, focused on homes that meet the evolving needs of renters and generate sustainable income over time.” Johnny Caddick, CEO of Moda Living, commented: “These first acquisitions are an important milestone for the platform and reflect the progress we’ve made since launching the partnership earlier this year. “Demand for professionally managed rental homes continues to outstrip supply and, with the backing of committed, long-term capital and Moda’s integrated development and operational platform, we’re well placed to help address that challenge. We’re looking forward to building on this strong start as we continue to grow the platform by utilising Moda’s delivery and operational capabilities – together with the wider Caddick Group land pipeline – to deliver more high-quality homes across the UK.” Ian Gorst, Regional Chair, Bellway Homes, said: “We are delighted to have completed this portfolio transaction with CBRE IM and Moda as they launch their new UK Single Family BTR Fund. Their investment in Whitehouse Gardens, Milton Keynes, Forster Park, Stevenage, and Fallow Wood View, Burgess Hill demonstrates confidence in the strength of these outstanding new communities. We are proud they have chosen Bellway as their delivery partner, recognising our proven HBF 5-Star homebuilder track record for quality and customer satisfaction. We wish CBRE IM and Moda every success with this exciting new venture and look forward to building on our relationship in the years ahead.” The acquisition follows the recent launch of CBRE UK Single Family Housing Partners, a dedicated single family housing strategy established by CBRE IM in partnership with Moda Living, part of Caddick Group. Backed by an initial £400 million available capital and supported by core, long-term investor capital, the strategy has a clear ambition to grow to £2 billion in value over time. The platform is designed to address the growing demand for high-quality rental homes while providing investors with access to one of the UK’s most compelling residential sectors. TT&G Partners and CBRE advised CBRE IM, and Savills advised Bellway. Building, Design & Construction Magazine | The Choice of Industry Professionals

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