Kenneth Booth

How Will Fire Safety Evolve in 2022?

FireAngel’s Co-founder and Chief Product Officer, Nick Rutter, shares his expert predictions for the year ahead  Residents will need alternative strategies to the Waking Watch Relief Fund   The Government has boosted the Waking Watch Relief Fund with an additional £27m to cover the cost of installing alarm systems in high-rise buildings with dangerous cladding, removing or reducing the need for waking watches. The

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LabTech agrees deal to sell Victoria House

LabTech has agreed the sale of the 300,000 sq ft Grade-II listed landmark, Victoria House, WC1, to a leading global real estate investor in a transaction valued in excess of £420m. Robert Akkermann, Chief Investment Officer of LabTech, says: “We acquired this building with the vision to transform the iconic

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ALL ABOARD THE HIRETRAIN AT EXECUTIVE HIRE SHOW

Executive Hire Show, February 9-10, CBS Arena, Coventry, Stand C32 Hire Association Europe (HAE) is promoting careers and training in the hire industry, including the unmissable programmes through HireTrain, at the 2022 Executive Hire Show in the CBS Arena, Coventry from February 9-10. The national event for tool, plant and

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MUIR HOMES LAUNCH THE FINAL PHASE OF LUXURY HOMES AT CASTLEBANK HOUSE

Scottish, family-run housebuilder Muir Homes, part of the Muir Group, launches the final phase of luxury homes at its exclusive development at Castlebank next week. Treetopsis the final phase to be released at this highly sought after private development in Inverclyde which will provide 17 luxury new homes. The development

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Eco-friendly housing scheme wins coveted award

Leading UK placemaker, United Living New Homes, has been awarded a Premier Guarantee Quality Recognition Award for its innovative eco-friendly housing development at Shaldon Road, Bristol. The award recognises outstanding developments that have consistently delivered quality workmanship and displayed exceptional site management. Throughout the year, only 100 developments from across

Read More »

Powerday delivers just shy of £30 million in social value projects

Powerday’s latest annual report produced by the independent adjudicator and auditor The Social Value Portal shows that over the past 36 months they have delivered just short of £30 million in social value projects.    Powerday’s social value is focused on four key disciplines: Reducing the environmental impact of waste

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VONDER ADDS THE DOME PROPERTIES TO ITS LONDON PORTFOLIO

Vonder, the global living and lifestyle brand, has announced the latest additions to its London portfolio with five new properties called The Dome, comprising over 21,000 sq ft of residential space in three locations across London.  Formely owned and operated by the co-living brand The Collective, the lease of the

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First CISRS Centre Opens in Russia

SIMIAN International has partnered with Prostaff LLC Following a successful accreditation audit last week, CISRS has approved the first Overseas Scaffolding Training Scheme (OSTS) centre in Russia. SIMIAN International working in collaboration with Prostaff LLC, part of the Polati Group, a Russian scaffolding supplier and contracting company, have opened a

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FORWARD FUNDING DEAL COMPLETES FOR NEW 4 STAR MANCHESTER HOTEL

CBRE Investment Management has completed a transaction to provide forward funding investment to RJR Securities for the development of a new 188-bedroom Maldron Hotel on Chapel Street in Manchester City Centre. Dalata Hotel Group plc, the largest hotel operator in Ireland with 45 hotels across the UK and Ireland, has

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Latest Issue
Issue 343 : Aug 2026

Kenneth Booth

How Will Fire Safety Evolve in 2022?

FireAngel’s Co-founder and Chief Product Officer, Nick Rutter, shares his expert predictions for the year ahead  Residents will need alternative strategies to the Waking Watch Relief Fund   The Government has boosted the Waking Watch Relief Fund with an additional £27m to cover the cost of installing alarm systems in high-rise buildings with dangerous cladding, removing or reducing the need for waking watches. The additional funding, taking the total budget to £57m, will bring some relief to leaseholders living with the financial burden of waking watches and the emotional toll of waiting months, or years, for their buildings to be made safe. Questions remain, however, on whether the extended fund will stretch far enough and provide help to all those who need it.  Currently, £24.1m from the Waking Watch Relief Fund has been approved for applications, covering 281 buildings across England.1 However, nearly 800 blocks of flats in England and Wales have waking watches in place, an 85% increase in less than a year, meaning the number of buildings failing safety inspections is growing faster than owners can make them safe.2 With limited waking watch relief funding available, thousands may be left paying for fire marshals to patrol blocks 24 hours a day, costing over £11,000 on average per building every month.3 In addition, those who fall outside of the fund may continue to face excessive costs.  A waking watch is required when buildings have dangerous cladding or fire safety issues change the evacuation policy from stay put to simultaneous evacuation. However, the Government fund generally only covers the upfront capital costs of installing a fire safety system in buildings with unsafe cladding. Therefore, leaseholders impacted by non-cladding issues which render their buildings unsafe may continue to face ongoing waking watch costs and remediation bills.  As it becomes clear that a change in fire safety strategy is essential, industry experts will continue to look at alternative strategies that can maximise fire safety while minimising costs. At FireAngel, this means ongoing development of connected technologies such as the Internet of Things (IoT) and Artificial Intelligence (AI) to help cut fire risks within the parameters of an existing budget, offering residents, building safety managers and landlords more intelligent ways to manage their properties.   Looking to the future, a combination of IoT, robust fire detection and alert systems and evacuation plans could replace the need for waking watches completely, helping tenants who fall outside of the relief fund feel safe in their own homes.  There will be a greater understanding of how connected data can improve residents’ quality of life   Industry experts such as the Fire Industry Association (FIA) have started a productive and necessary dialogue around IoT in the fire industry. This year, its IoT report highlighted how IoT can and will impact us all – with estimates that 87% of businesses might be working with IoT in the future.4  Cutting-edge technology that remotely monitors the home environment 24/7 has the potential to prevent life-threatening events. Using remote alarm monitoring, IoT and predictive data analysis, connected safety technology has the potential to identify a fire risk before it escalates to a 999 call. Not only can the data monitored in real-time alert social landlords to the status of alarms in the property when they are triggered but also when they are removed or when they need to be replaced.   Connection to the IoT could enable landlords to monitor important features such as the building’s age and condition and the wear and tear of electrical appliances. Being able to combine this information with data on individuals’ physical or mental status is also important. If a person has dementia, is partially sighted or uses a wheelchair, their ability to respond to a fire event may be limited.   Beyond fire safety, we now have the technology to look at temperature and humidity within a property. As we look to the year ahead, there is the potential for integration of other care and protection technologies to look after the more vulnerable people in society and, ultimately, keep more people safe.  Fire safety guidance will continue to evolve at a rapid pace, making future-proofing properties more important than ever before  Following the Department for Levelling Up, Housing & Communities’ response to the Government consultation on smoke and carbon monoxide alarms, people living in the social rented sector will soon be safer in their homes. Housing providers will be required by law to install smoke alarms in all social housing, and carbon monoxide alarms will have to be fitted in social and private rented properties where there is a fixed combustion appliance, excluding gas cookers. The regulation changes will also require carbon monoxide alarms to be fitted when new appliances such as gas boilers or fires are installed in any home. Additionally, the response to the consultation indicates that landlords, and housing providers in social and private rented sectors, will need to repair or replace smoke and carbon monoxide alarms once they are told they are faulty.   The guidance on the positioning of alarms and the type of carbon monoxide alarms installed will also be reviewed and may be brought in line with BS EN 50292 and BS EN 50291. These standards show that the alarms have been extensively tested to ensure their quality including sensor reaction times, minimum alarm sound levels and stability over their working life. However, as fire safety guidance continues to evolve at a rapid pace, housing providers should not wait for further guidance changes to reinforce their duty of care. They can demonstrate best practice through the installation of alarms that meet an LD1 category, the highest level of domestic protection available. LD1 alarms can future-proof properties from regulatory changes and avoid an average £100 fee per callout to update devices to meet any further new standards. Housing providers should also ensure that any carbon monoxide alarms they purchase are fully certified to the European standard EN 50291-1 and carry a third-party approval mark, such as the BSI Kitemark, to ensure compliance with the latest safety standard.  England may look to adopt similar legalisation to Scotland   The February 2022 deadline for the new Scottish Tolerable Standard is upon us. The updated standard requires all properties to have an interlinked fire and smoke alarm system. By deploying interlinking alarms with wireless technology, if one alarm is triggered, the remaining alarms and ancillary devices are immediately activated, alerting a person in the property to the unfolding fire as quickly as possible. Under

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LabTech agrees deal to sell Victoria House

LabTech has agreed the sale of the 300,000 sq ft Grade-II listed landmark, Victoria House, WC1, to a leading global real estate investor in a transaction valued in excess of £420m. Robert Akkermann, Chief Investment Officer of LabTech, says: “We acquired this building with the vision to transform the iconic landmark into one of the largest and most impressive workplaces in central London. We now believe that it is the optimal time to take advantage of the lack of supply of similar assets in the city.” Eylon Garfunkel, Chief Executive Officer of LabTech, added: “LabTech is a dynamic organization that is constantly reappraising its portfolio to ensure it maximises every opportunity and we are currently looking for new investment opportunities in the UK market.” LabTech’s leading flexible workplace provider LABS will continue to operate 70,000 sq ft in Victoria House for its enterprise clients. LabTech is an international real estate investor and developer, with circa 20 acres of real estate in central London, including Camden Market and the recently opened Camden Market Hawley Wharf mixed-use development in Camden. Victoria House was acquired by LabTech in 2018 for £300m.

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ALL ABOARD THE HIRETRAIN AT EXECUTIVE HIRE SHOW

Executive Hire Show, February 9-10, CBS Arena, Coventry, Stand C32 Hire Association Europe (HAE) is promoting careers and training in the hire industry, including the unmissable programmes through HireTrain, at the 2022 Executive Hire Show in the CBS Arena, Coventry from February 9-10. The national event for tool, plant and equipment hire executives is the perfect platform for the benefits of signing up to HireTrain, a dedicated training group for everybody in the hire industry. Supported by HAE and ConstructionSkills, HireTrain aims to raise standards by developing and facilitating quality training for all staff. The cost-effective programmes offered by HireTrain will enable HAE members to increase profit, boost turnover, improve safe working practices and reduce staff turnover. Despite the ongoing impact on businesses due to the COVID-19 pandemic, HAE remains committed to attracting people from all age groups, skill sets and backgrounds, to boost the workforce in the tool, plant and equipment hire sector. The Association is a gateway of the DWP’s Kickstart Scheme, a multi-million-pound government initiative designed to create thousands of high-quality work placements for young people aged 16-24 who are at risk of long-term unemployment. HAE is also showcasing the benefits of apprenticeships to employers as part of National Apprenticeship Week (7th to 13th February). Encouraging more young people into the industry creates a sustainable skills base through vocational training and academic options that will contribute to the UK’s major construction projects of the future. Industry-leading SafeHire Certification Scheme will be another key feature on the HAE stand (C32) at the show. It allows customers to approach tool and equipment, plant hire including event hire companies with confidence, as it proves a firm’s competence in upholding high standards in health, safety, environment and quality of equipment as well as a well-trained workforce.  Paul Gaze, HAE EHA Chief Executive Officer, said: “Our training programmes like HireTrain cover everything from equipment usage through to health and safety and other key business skills. Working with key partners we are able to offer apprenticeships, management and leadership programmes. Through HAE’s accredited providers we can also offer NEBOSH, IOSH and Driver CPC, offering something of relevance to companies of all sizes.” The Executive Hire Show is a premier trade-only event open to hire executives throughout the UK and Ireland, as well as attracting visitors from Europe and beyond. Senior executives from national hire operations attend the show, along with large numbers of independently-owned hire outlets. For more information on HAE’s services call 0121 380 4600 or visit hae.org.uk or eha.org.uk

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MUIR HOMES LAUNCH THE FINAL PHASE OF LUXURY HOMES AT CASTLEBANK HOUSE

Scottish, family-run housebuilder Muir Homes, part of the Muir Group, launches the final phase of luxury homes at its exclusive development at Castlebank next week. Treetopsis the final phase to be released at this highly sought after private development in Inverclyde which will provide 17 luxury new homes. The development offers a mix of high specification two, three and four bedroom detached and semi-detached homes on a stunning hilltop location with unparalleled views across the Clyde Estuary, Loch Gare and Loch Long. Among the house styles available at the Treetops is the Wemyss, a beautifully designed four bedroom detached home with a spacious lounge overlooking the generous garden area. There is also the three bedroom semi detached Kinkell style with its open plan kitchen and dining room – providing the perfect centre-piece for family life – and French doors connecting to the garden at the back of the property. All properties have a master bedroom with an en-suite and electric vehicle charging points are available on site. Castlebank, the Tree Tops is superbly located and benefits from quick access to the M8 motorway. Glasgow International Airport, Braehead shopping centre and a range of supermarkets are only a 10-minute drive from the development. There are also various preschools and primary schools in the area making it the perfect choice for growing families as well as first time buyers and downsizers. The final phase of the development is due to officially launch this weekend. Ash Sheikh, Sales and Marketing Director for Muir Homes said: “We are delighted to be launching the final phase of luxury homes at our Castlebank development following the remarkable sales success at the development to date.  These thoughtfully designed homes are spacious and with their second to none hilltop location and accessible commuter links to Glasgow, we anticipate huge demand from homebuyers at Treetops.” The new homes are designed by multi-award winning EMA Architects. To find out more about Tree Tops, visit www.muirhomes.co.uk or call the sales team on 01475 742149. 

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Eco-friendly housing scheme wins coveted award

Leading UK placemaker, United Living New Homes, has been awarded a Premier Guarantee Quality Recognition Award for its innovative eco-friendly housing development at Shaldon Road, Bristol. The award recognises outstanding developments that have consistently delivered quality workmanship and displayed exceptional site management. Throughout the year, only 100 developments from across the UK are expected to receive this prestigious award – about 4% of the total number of sites inspected by Premier Guarantee. The Shaldon Road development captured the judge’s attention for the high quality of the new homes and the excellent standard of site management, craftsmanship, health & safety performance, site tidiness and general cooperation with the inspectors.   As a winner of the Quality Recognition Award, United Living New Homes will be considered for this year’s National Premier Guarantee Excellence Awards, scheduled to take place in the summer. On behalf of leading social housing provider, Brighter Places – and supported by Bristol City Council, Bristol Community Land Trust and Homes England – the £10 million eco-friendly scheme has seen land south of Morris Road, transformed into a carefully designed sustainable community. Built to ‘PassiveHaus’ principles, the energy-efficient properties will provide a high level of tenant comfort, while using very little energy for heating and cooling and minimising each home’s carbon footprint. The development will include two, three, and four bedrooms houses with a mixed tenancy of shared ownership and affordable rent. Solar PV panels will also feature at the development, further reducing costs and a green transport plan which includes electric car charging points, a car share scheme and improved pedestrian and cycle access. Communal green space around the homes is also being created with a dedicated and protected green corridor to enhance biodiversity by providing a safe space for wildlife. The ultra-green project is expected to be completed in early 2022. Jason Ivens, Project Manager, United Living New Homes, said: “We are delighted and honoured to receive this Quality Recognition Award for our Shaldon Road development. It is testament to the dedication, efforts and care of the entire team working on the project. “These eco-friendly properties are a reflection of our company’s wider commitment to deliver high quality, sustainable new homes that suit the needs of the local communities in which we build”. Ian Granger, Account Manager, Premier Guarantee, said: “What a great team effort from Jason and his colleagues, achieving a fantastic product on a challenging site using new and innovative solutions. They are worthy Quality Recognition Award winners”.

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Clowes Developments Appoints Winvic for Two Further Industrial Warehouses Under NFU Mutual Deal

Following the recent news that Winvic Construction Ltd has been appointed to construct two industrial facilities at Castlewood Business Park for Clowes Developments, the leading main contractor that specialises in the design and delivery of multi-sector construction and civil engineering projects has now also won the contract to deliver two more industrial warehouses at East Midlands Distribution Centre (EMDC). The industrial facilities located at Castle Donington are part of the landmark deal between Clowes Developments and NFU Mutual, a transaction to develop six logistics facilities throughout the UK worth in the region of £100 million. The two large scale industrial warehouses will be located adjacently on the central plot of land running through the middle of the wider business park. The units will be directly opposite the enormous one million sq ft M&S distribution centre which spans the length of a half mile long road. EMDC190 is a 190,000 sq ft unit with over 10,000 sq ft of office space over two floors, comprising a 15m haunch height, 18 loading bays and associated welfare facilities for staff. EMDC280, also 15m in height, is 280,000 sq ft and has 17,000sq ft of two-storey office space and 26 loading bays. Both properties will have their own secure compound and parking spaces including electric charging points. Winvic Construction Director, Ben Shearman, said: “Having just announced our appointment by Clowes Developments for the construction of two warehouse units at Castlewood Business Park, this second ground-breaking ceremony within a matter of days illustrates how robust our long-term partnership is with the Clowes team. We’re delighted they have every confidence in us to deliver two further high-quality industrial spaces safely and quickly at the East Midlands Development Centre site in Derbyshire, and now it’s up to us to once again exceed expectations.”  Paul Shanley, Consultant at Clowes Developments, commented: “Since our ownership of EMDC began we have continually bought world class businesses to the development. Thousands of jobs have been generated on the former power station site and we endeavour to deliver further regeneration with the remaining plots at the site. The addition of two brand-new units for NFU Mutual – which will be delivered by long-term construction partner Winvic – will bring a new dimension to the site and we are confident the new occupiers will benefit from all that EMDC and its locality has to offer.” Winvic is also constructing two industrial units in Corby for Clowes Developments and is delivering the first phase of groundworks, highways and utility infrastructure works at Fairham, a new £800 million sustainable neighbourhood in Nottingham, which Clowes is delivering in partnership with Homes England. Visit https://fairhamlife.co.uk/vision/ to see the latest 360 aerial progress on site. For more information on Winvic, the company’s latest project news and job vacancies please visit www.winvic.co.uk. Join Winvic on social media – visit Twitter @WinvicLtd – and LinkedIn.  

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Powerday delivers just shy of £30 million in social value projects

Powerday’s latest annual report produced by the independent adjudicator and auditor The Social Value Portal shows that over the past 36 months they have delivered just short of £30 million in social value projects.    Powerday’s social value is focused on four key disciplines: Reducing the environmental impact of waste in the UK Improving lives through education and employment Improving lives through sport Supporting our wider community where most needed. Despite the limitations due to the pandemic this latest report shows that Powerday delivered in excess of 11mil. in social value projects across these four areas for the 12 months ending period to July 2021, a staggering increase of over £2 mil.(+22%) on the previous 12 month reporting period The largest impact is delivered predominantly through its core business, delivering over £8.7million of social and local economic value (SLEV). Powerday also created just under £2million of SLEV by recycling over 20,000 tonnes of hard to recycle waste including mattresses and hard plastics and an additional £200,000 through offsetting fleet emissions making its fleet carbon neutral. The report further shows 1,000 hours spent on local school and college visits, and 600 weeks delivering apprenticeships to its employees.  Powerday’s ongoing strong commitment to supporting local communities and improving lives through sport delivered over £95,000 of social value by creating and supporting healthier, safer and more resilient communities.  In addition, it donated in excess of £150,000 worth of equipment to voluntary, community and social enterprises and carrying out over 800 hours of volunteer work. The Powerday Foundation supported many boxing clubs within the year, including securing new homes for both Spelthorne Boxing Academy and Fairbairn Boxing Club. Powerday also helped Friends of Roundwood Park create a better green space for local residents and Energy Garden create a community garden at Willesden Junction station.  Edward Crossan, Chief Executive Officer said “We remain fully committed to using our sustained growth to support our local communities.  The last few years have been challenging for most businesses and indeed, Powerday is no exception but we are acutely aware many in our communities have suffered so much more.  It is hugely important to us that we can and do play our part to protect our planet and improve the lives of our communities”. Having long provided extensive social value through their operations and community work, Powerday signed up to  The Social Value Portal in 2019. The Social Value Portal provide an independent and verification of the above numbers.  In three years of reporting Powerday have delivered almost £30million.

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VONDER ADDS THE DOME PROPERTIES TO ITS LONDON PORTFOLIO

Vonder, the global living and lifestyle brand, has announced the latest additions to its London portfolio with five new properties called The Dome, comprising over 21,000 sq ft of residential space in three locations across London.  Formely owned and operated by the co-living brand The Collective, the lease of the portfolio bolsters Vonder’s extensive collection of urban living spaces around London. The Dome consists of 111 fully-furnished and equipped studios and one bedroom apartments in Notting Hill, Hyde Park and Sloane Square, all key locations in the capital. The latter also offers a communal area and conference room for hybrid working.  With The Dome coming under the Vonder Plus membership, the apartments provide a great living solution for young renters looking to make a home in the centre of London. The Dome locations include high quality furniture, one all-inclusive bill, cleaning services and access to the Vonder App, enabling them to be part of Vonder’s exclusive global community and Rewards platform, as well as a digital support team.  The Dome tenants will be able to attend events and book amenities in other Vonder locations such as Vonder Wembley, which opened in October 2021. Tomer Bercoviz, CEO and Co-founder of Vonder, commented: “The addition of The Dome properties to our portfolio is a key milestone in Vonder’s growth strategy in the capital, increasing our supply of great urban accommodation in central areas that suit a wide range of our target audience’s needs.” “As momentum builds in London again. It is important people have comfortable, inspiring and hassle-free living spaces to come home to, with The Dome properties embodying this in every way possible.  By providing a community feeling and an exclusive Rewards scheme with value-added services through our Vonder App, we are offering our members not only a well-designed living space, but a whole new way of living.”  The Dome portfolio joins Vonder’s existing London schemes such as the flagship development, Vonder Wembley, which opened late last year. Vonder continues to strengthen the growth of its international portfolio of over 30 locations spread across London, Berlin, Munich, Warsaw and Dubai, with Leeds coming up next.  The company is also in active negotiations to increase its portfolio in the US and continental Europe as it rolls out its ‘all-in-one living’ concept.

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First CISRS Centre Opens in Russia

SIMIAN International has partnered with Prostaff LLC Following a successful accreditation audit last week, CISRS has approved the first Overseas Scaffolding Training Scheme (OSTS) centre in Russia. SIMIAN International working in collaboration with Prostaff LLC, part of the Polati Group, a Russian scaffolding supplier and contracting company, have opened a training facility in the Moscow suburb of Mytishchi. Polati Training Centre has been running their own scaffolding training programme for some time, and originally opened their centre in 2017. They also deliver other associated courses such as Rope Access, confined space and rescue training. They were, however, very keen to gain third party approval with CISRS as they see it as the leading international training standard for tube and fitting scaffolding. Initially the Centre will offer CISRS Level 1 and 2 Training for Scaffolders in Tube and fitting, Basic Scaffold Inspection and Supervisory programmes. They will look to build upon their CISRS portfolio going forward, possibly incorporating Soyuz a ring-type system which they use and supply, plus other scaffolding systems. Dave Mosley, CISRS Managing Director, said: “The centre is fitted out to the highest specifications, with brand new materials, tools and PPE. There are several classrooms but one is particularly impressive as it houses both an independent and a hanging scaffold actually within the classroom.” SIMIAN International Managing Director Ian Fyall added: “We are delighted to be partnering Prostaff in this venture and moving both SIMIAN and CISRS’ footprint into another part in the world. We are looking forward to training and assessing their instructors and giving advice and guidance going forward. “It’s been 12 months in the making due to Covid but we eventually got there” The centre also makes use of a miniature modelling system called BabyScaff, which is an exact replica of the ring-type scaffold system and is used to explain assembly, loadings and stability of scaffolds. Training Centre CEO Evgenii Guseinov said: “We are extremely pleased to be working with SIMIAN International and very proud to have opened the first CISRS centre in Russia. We have been delivering our own successful training programme for several years, however, gaining third party approval from CISRS which is recognised as the international standard for Tube and fitting scaffolding training, is another step forward and will set us apart from our competitors.” Polati are a very large Scaffolding Supplier and Contracting company with around 3,000+ scaffolders in Russia and surrounding countries. In 2017 they worked on the Lakhta Tower project in St Petersburg, at 448m it was the largest building in Europe which involved around 250 Scaffolders using over 700 tonnes of Layher Allround Scaffolding in extreme weather conditions. They have several depots across Russia and are looking to open additional CISRS OSTS approved facilities in the near future, including one in Kazakhstan.

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FORWARD FUNDING DEAL COMPLETES FOR NEW 4 STAR MANCHESTER HOTEL

CBRE Investment Management has completed a transaction to provide forward funding investment to RJR Securities for the development of a new 188-bedroom Maldron Hotel on Chapel Street in Manchester City Centre. Dalata Hotel Group plc, the largest hotel operator in Ireland with 45 hotels across the UK and Ireland, has agreed a 35-year lease on the new property to trade under the group’s Maldron Hotel brand. The land was sold by Telereal Trillium, with JLL acting for their team. CBRE acted as funding advisor for RJR Securities, with Gleeds as Development Manager and Squire Patten Boggs as their legal advisors. Avison Young represented CBRE Investment Management. McAleer & Rushe has been appointed as contractor to deliver the new Dalata Maldron Hotel, which will be situated in the Chapel Street/ Embankment Quarter. Currently used as a surface overspill car park by BT, the site will be regenerated into a 17-storey hotel with 188 bedrooms, coffee lounge, bar, restaurant and gym facilities. Richard Peskin, Chairman and majority shareholder of RJR Securities, commented: “I was associated with many interesting development projects during my career at GPE and this one, due to my personal involvement, has certainly been among the most exciting.  Over two years ago we identified this site, being close to Manchester’s luxury and prime leisure core, as an ideal location for a hotel. Now, with the secure forward funding provided by CBRE Investment Management, we are able to fulfil our ambitions.  My thanks go to them, along with the various teams who, in the most trying and complex of circumstances, demonstrated their commitment in getting us over the line with the land acquisition, planning, pre-letting and building contract for this top-class project, which will commence next month”. Shane Casserly, Corporate Development Director at Dalata Hotel Group plc, said; “We are delighted with the confirmation of the funding for our Maldron Hotel on Chapel Street in Manchester City Centre and look forward to construction commencing in the coming weeks. With Clayton Manchester City Centre just opened and a Maldron under development on Charles Street, Manchester is a market that we know well, and view our new hotel on Chapel Street as an ideal addition to our portfolio in the city.” Will Kennon, Executive Director for CBRE, said: “Despite the obvious challenges that the hospitality sector has faced due to Covid, we are witnessing a selected return of investor appetite for the sector, and this project attracted strong fund interest owing to the combination of; undoubted location, indexed lease to the strong financial covenant of Dalata and the first-class project delivery team.” Murray Burdis, Senior Strategy & Disposals Manager for Telereal Trillium, said: “We are delighted to conclude the sale of this surplus car parking site to RJR Securities and their development partners. This ambitious scheme will maximise the site’s potential and continue the regeneration of Chapel St and the wider Deansgate area with renowned hospitality provider Dalata and a new Maldron Hotel. We look forward to seeing the project commence in the coming weeks.” Peter Devlin, Contracts Director at McAleer & Rushe, comments: “We look forward to commencing construction next month and thank the teams at RJR Securities, CBRE Investment Management, Dalata Hotel Group, and all stakeholders involved for entrusting us with the safe delivery of the scheme. This is a credit to our team’s renowned expertise and reliability in delivering quality turnkey hotel developments and adds to our growing portfolio across major cities in the UK.”

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