Kenneth Booth
22 firms appointed onto Prosper’s New Build Development framework

22 firms appointed onto Prosper’s New Build Development framework

A total of 22 firms have been awarded a place on Prosper’s New Build Development Framework, which covers the whole of England and Wales. The 4-year multi-supplier framework, launched this week, delivers a range of construction works and associated services including design. The new framework has been developed in collaboration

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Pandora Takes Off with First UK Airport Store at Manchester Terminal 2

Pandora Takes Off with First UK Airport Store at Manchester Terminal 2

Jewellery retailer Pandora has opened its first UK airport store at Manchester Airport, marking a significant step in the brand’s expansion into travel retail. The new store, situated in Terminal 2, offers Pandora’s complete range of jewellery, including charms, bracelets, rings, necklaces and earrings. Passengers will also benefit from in-store

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Firethorn breaks ground at Sackville Place development

Firethorn breaks ground at Sackville Place development

Real estate investor, developer and asset manager, Firethorn, has broken ground at its Sackville Place development in central Dublin, with Stewart Construction appointed to deliver the 138 bedroom site.  Located off O’Connell Street in the heart of the Irish capital, the high-density hotel marks Stewart Construction’s first contract from Firethorn. 

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CBRE advises NHS on new health hub location in Hampshire

CBRE advises NHS on new health hub location in Hampshire

CBRE, the global real estate advisory firm, has advised Hampshire & Isle of Wight Healthcare NHS Foundation Trust on a new location for a health hub in central Winchester. Cromwell House, on Andover Road, will allow several services to come together in one place, improving access for patients, supporting staff

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Green skills surge as low-carbon tech rewires UK homes and careers

Green skills surge as low-carbon tech rewires UK homes and careers

According to new research from Uswitch.com, the comparison and switching service, the UK’s shift to clean home energy is accelerating, and it’s opening the door to thousands of green job opportunities. Energy Performance Certificate (EPC) data shows a 145% rise in the proportion of homes listing a heat pump as

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Latest Issue
Issue 334 : Nov 2025

Kenneth Booth

22 firms appointed onto Prosper’s New Build Development framework

22 firms appointed onto Prosper’s New Build Development framework

A total of 22 firms have been awarded a place on Prosper’s New Build Development Framework, which covers the whole of England and Wales. The 4-year multi-supplier framework, launched this week, delivers a range of construction works and associated services including design. The new framework has been developed in collaboration with landlord partners, believe housing, Gentoo and Karbon Homes, designed using the experience and expertise of the development teams within each organisation. It is envisaged the primary use of the framework will be for new build residential developments, however, the scope of works will also include new build, refurbishment and renovations, extensions and improvements to housing, commercial buildings, community and civic buildings, education establishments and health care buildings. The new framework covers twelve Lots across ten regions, namely the North East, Yorkshire and The Humber, North West, West Midlands, East Midlands, East of England, South East, South West, London and Wales. Rebecca Griggs, Head of Procurement at Prosper, said: “It was great to work with representatives from the development teams at believe housing, Gentoo and Karbon to undertake the tender evaluation, as they provided extra knowledge and experience to ensure the process was robust. “As one of its key priorities, the government is committed to building new homes and our landlord and contractor partners will play a key role in helping to deliver this. The aim of this framework is to build new homes and give our partners greater procurement opportunities across the UK. We are looking forward to working with our contractor partners.” The framework call-off will be either by further competition or by direct award. For more information about the new framework or any of our other solutions, please email Prosper at info@prosper.uk.com or call on 0191 280 5665. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Pandora Takes Off with First UK Airport Store at Manchester Terminal 2

Pandora Takes Off with First UK Airport Store at Manchester Terminal 2

Jewellery retailer Pandora has opened its first UK airport store at Manchester Airport, marking a significant step in the brand’s expansion into travel retail. The new store, situated in Terminal 2, offers Pandora’s complete range of jewellery, including charms, bracelets, rings, necklaces and earrings. Passengers will also benefit from in-store engraving services, offering a personalised shopping experience for both travellers and gift buyers. This Manchester location is the first of three planned airport stores set to launch in 2025, as part of Pandora’s broader retail strategy aimed at increasing visibility in high-footfall travel environments. A store in Gatwick Airport’s South Terminal is scheduled to open in mid-August, followed by a third location at London Luton Airport in September. Ross Monaghan, Sales Director for Pandora UK and Ireland, commented: “We’re incredibly proud to open our first ever standalone airport store and delighted to partner with Manchester, a city that holds huge importance for Pandora in the UK. This new location comes at the perfect moment in the airport’s development and marks an exciting new chapter in our retail journey.” The airport store openings build on a strong year for the retailer, which also saw Pandora open a fourth store on Oxford Street earlier in March. As passenger numbers rise and demand for luxury retail in transit zones grows, Pandora’s airport presence looks set to play a key role in its UK growth strategy. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Developers must explain net zero benefits better as nearly one in four don't understand what 'net zero' is

Developers must explain net zero benefits better as nearly one in four don’t understand what ‘net zero’ is

Almost a quarter of the UK public struggle with the concept of net zero, and nearly three-quarters hold no strong opinion on projects that support net zero but disrupt daily life, according to a new report by Copper Consultancy and Keele University which spells out the major opportunities – and risks – facing those seeking public support on net zero projects. The new report – Winning Back the Net Zero Narrative – calls for a shift in how developers communicate about net zero projects, shifting to an emphasis on highlighting local benefits and tangible impacts, and being more transparent about potential disruption. The report draws on a nationally representative survey of over 1,500 adults in Great Britain, carried out in Spring 2025 by BMG Research. The findings highlight a significant knowledge gap, with just 53% of respondents correctly identifying the definition of ‘net zero’, and one in four (24%) admitting they had no understanding of the concept. Meanwhile, 73% of people expressed they only somewhat approved or disapproved – or held no strong opinion / didn’t know – in relation to net zero projects that will impact people’s day-to-day lives. Just over one in four people held a ‘strong’ view either way, with 18% strongly supporting such projects and 9% strongly opposing. This helps explain why nearly half (47%) of respondents struggle to connect net zero ambitions with their everyday lives. Messaging which only focuses on national climate goals may fail to resonate with large sections of the public. Despite polarised debate in the media, the report finds widespread apathy toward net zero. This indifference means a large risk exists, with the potential for misinformation or a lack of understanding of what net zero means could sway public opinion on net zero projects. To address this, the report highlights several recommendations for building local support. Building out the public argument for such projects simply past the benefits to the green transition is vital. Prioritising messaging around how such projects benefit local communities directly, especially in ways which aren’t immediately obvious – such as improving wellbeing – are critical. Martin McCrink, Managing Director at Copper Consultancy, said: “Net zero is critically important but the delivery of it does not yet enjoy universal support – but there is support for investment in our infrastructure. Large swathes of the population have no strong view on net zero; it’s a positive in the sense people can still be won over, but it also spells danger on the risks of misinformation. “Developers have a golden opportunity to reframe discussion on projects which deliver net zero. By focusing on the range of reasons investment is needed and the benefits it will bring, as well as the impacts, mitigations, government objectives and targets.” More broadly, the report suggests that rooting projects in key national issues – such as economic development – will help make the case even stronger for net zero projects. Alongside this, developers must explain how broad outcomes around net zero will positively impact people’s day-to-day lives, as well as proactively engaging with the ‘climate disengaged’ cohort to wade off potential misinformation, or detraction of projects due to disruption. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Partnerships unlock huge growth opportunities for Lovell as record Morgan Sindall Group half year results revealed

Partnerships unlock huge growth opportunities for Lovell as record Morgan Sindall Group half year results revealed

Lovell is well positioned for future growth through its long term partnerships, which has been demonstrated in Morgan Sindall Group’s record half year results released to the London Stock Exchange this morning (29 July 2025). Today’s results continue to represent Morgan Sindall Group’s strong track record of delivering growth over the long term, with revenue up 7% to £2.4bn, profit before tax up 37% to £95.9m, supported by a PBTA margin of 4% – an expansion of 80 basis points when comparing to this time last year. For Lovell, revenues for the first half of the year increased 6% to £405m (HY2024: £381m), driven by contracting, which was up 21% to £311m, compared to the previous year. Operating profit also showed positive momentum increasing by 13%% to £13.2m (HY 2024: £11.7m). Lovell works in partnership with housing associations and local authorities to deliver and refurbish affordable housing as a contractor and developer. Against the backdrop of severe social housing shortages in the UK, the medium and longer-term fundamentals for Partnership Housing remain strong, enabling Lovell to continue to invest selectively.  A high-quality pipeline continues to grow, through ongoing successful client engagement. The secured order book at the period end was £2,198m, 6% higher than the prior year end (HY 2024: £2,081m), with a further £2,849m at preferred bidder stage. Notable work winning activity in the period includes securing the strategic partnership agreement with Cardiff & Vale of Glamorgan Councils, a LLP with North Yorkshire Council and a joint venture with London Borough of Barnet to deliver estate regeneration. The business’ strategy to increase the number, and size of mixed-tenure sites continued apace, with 68 active sites at various stages of construction, compared to 63 in the previous period, along with 1,838 homes completed. Lovell Managing Director, Steve Coleby, said: “We continue to demonstrate the resilience and long-term strength of our partnerships model. Our ability to secure and progress major regeneration, joint venture and master developer opportunities is creating a platform for sustainable growth. At the halfway stage of 2025, our secured and preferred bidder orderbook has grown to £5 billion, a testament to the quality of our offer and the trust placed in us by local authorities and housing associations. “The scale and ambition of recent wins reflects our deep-rooted relationships, our capacity to deliver at pace and scale, and our confidence in the future of partnership housing. These long-term, multi-site partnerships not only provide stability but also position Lovell as a key delivery partner in helping meet the government’s target of building 1.5 million new homes by the end of this Parliament. “As we look ahead, we remain focused on strategic investment, strengthening our capabilities within new build, retrofit and refurbishment and continuing to deliver the affordable and mixed-tenure homes communities across the UK so urgently need.” Lovell is working on a number of key projects across the UK, including: To view the Morgan Sindall Group plc half year results video, see below. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Firethorn breaks ground at Sackville Place development

Firethorn breaks ground at Sackville Place development

Real estate investor, developer and asset manager, Firethorn, has broken ground at its Sackville Place development in central Dublin, with Stewart Construction appointed to deliver the 138 bedroom site.  Located off O’Connell Street in the heart of the Irish capital, the high-density hotel marks Stewart Construction’s first contract from Firethorn.  With a high-quality specification, designed to enhance the city’s provision of affordable accommodation, Sackville Place is Firethorn’s first tourism asset, and its first development outside of the UK. The seven-storey site will feature a mix of double, triple and quadruple bunk dormitory rooms, alongside private double rooms. Modern communal social spaces across the ground floor and basement will be open to the public as well as guests, including a bar, café and lounge.   Paul Martin, Director and Head of Development at Firethorn, said:   “Breaking ground at Sackville Place is a significant milestone for Firethorn, marking the first asset of this kind within our Living portfolio, and our debut development outside of the UK. This project represents our ambition, as we continue to acquire and develop high-quality sites in prime locations for investment.  “As the latest addition to Dublin’s thriving hospitality landscape, Sackville Place will offer guests modern and affordable amenities, while contributing to the local neighbourhood with vibrant facilities for the public to enjoy. Stewart Construction has a proven track record in delivering best-in-class hospitality assets on time and in budget, and with work now underway, we look forward to working together to bring Sackville Place to swift completion.”  Paul Stewart, Managing Director, Stewart Construction said:  “Stewart Construction is delighted to be entrusted with the delivery of Sackville Place for Firethorn. A market-leading developer in UK real estate, Sackville Place represents Firethorn’s first acquisition outside of the UK and we would like to take this opportunity to welcome them to Ireland.  “Our mission is to work with clients who are like minded and we look forward to collaborating with Firethorn on this development. Our team is amongst the best at what we do; by understanding the needs of the hospitality sector, we can ensure quality, value and cost certainty.”  Firethorn acquired Sackville Place in partnership with real estate investment managers, SW3 Capital, who will retain operational management of the site upon completion through its new operating business, “The Gofer”.  Tom O’Mahony, Director and Co Founder of SW3 Capital said:  “This milestone is a testament to the hard work and dedication of our entire team. We’re thrilled to move into the next phase as we prepare to open and operate under our hospitality brand, The Gofer. Our goal is to redefine the guest experience in Dublin by combining exceptional facilities at Sackville Place with authentic, locally-rooted experiences. We’re excited to offer guests a true taste of Dublin – vibrant, welcoming, and unforgettable”.   Sackville Place is the latest addition to Firethorn’s growing Living portfolio, which includes purpose-built student accommodation sites in London and Edinburgh, the boutique hotel Malmaison York, and the office-to-residential conversion of One Bessborough Gardens in central London.  Practical completion is due in March 2027.   For more information, visit www.firethorntrust.com.   Building, Design & Construction Magazine | The Choice of Industry Professionals

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CBRE advises NHS on new health hub location in Hampshire

CBRE advises NHS on new health hub location in Hampshire

CBRE, the global real estate advisory firm, has advised Hampshire & Isle of Wight Healthcare NHS Foundation Trust on a new location for a health hub in central Winchester. Cromwell House, on Andover Road, will allow several services to come together in one place, improving access for patients, supporting staff and helping to deliver more joined-up care for local communities. The six-story building covering 31,257 sq. ft, will be fully refurbished to include over 30 clinic rooms, improved waiting areas and a better working environment for staff. It will replace existing premises across Winchester, including Avalon House, which no longer meet service needs. It is due to open to patients by Autumn 2025. The building is well-located for public transport and includes on-site parking. It is being fitted out by development manager Ethos Property, with construction led by Amiri. Nicky MacDonald, Managing Director for the Mid and North Division at Hampshire and Isle of Wight Healthcare NHS Foundation Trust, said: “This is a major step in delivering on our strategy to provide high-quality, local care in environments that work for both patients and staff. Cromwell House will give us the space and flexibility to meet growing demand, improve access and create a better day-to-day experience for people who use our services.” Emma Lockey, Director at CBRE Southampton, said: “Cromwell House provided the perfect location and opportunity for the Trust to consolidate services and personnel in one central site. This agreement is the culmination of several years of hard work on all sides, and we are proud to be able to secure a site that will improve patient care in Winchester and the surrounding areas.” More information on the move and what it means for patients will be shared in the coming months. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Green skills surge as low-carbon tech rewires UK homes and careers

Green skills surge as low-carbon tech rewires UK homes and careers

According to new research from Uswitch.com, the comparison and switching service, the UK’s shift to clean home energy is accelerating, and it’s opening the door to thousands of green job opportunities. Energy Performance Certificate (EPC) data shows a 145% rise in the proportion of homes listing a heat pump as their main heating source since 2020, alongside a 129% increase in homes with solar panels and a 36% rise in wind turbine installations. This rapid uptake of low-carbon technologies is fuelling demand for skilled workers who can install, maintain and optimise these systems. From solar and heat pump engineers to retrofit assessors and building performance experts, the technologies appearing on EPCs today are directly linked to some of the fastest-growing careers in the UK’s green economy. Job search data reflects this growing interest. Online searches for heat pump engineer roles have risen by 29% in the past year, with similar growth seen in thermal insulation engineer (+28%) and solar panel installer (+11%) searches. Strategic green roles are also on the rise: sustainability analyst searches are up 30%, and sustainability manager searches up 23%. Table 1: Fastest growing green job searches Job role Monthly searches Trending % Sustainability analyst jobs 210 30% Heat pump engineer jobs 260 29% Thermal insulation engineer jobs 320 28% Sustainability manager jobs 480 23% Sustainability consultant jobs 590 19% Ecologist jobs 1,900 14% Wind turbine technician jobs 1,300 11% Solar panel installer jobs 880 11% Source: Uswitch.com Employers are actively recruiting to meet this demand. More than 4,300 UK job adverts mention “building performance”, while “energy management” (2,430) and “clean technology” (2,427) appear in thousands more. Leadership and compliance skills are also in high demand, with over 1,000 listings each for terms like sustainable development (1,320), environmental compliance (1,197) and sustainable business (1,405). Table 2: Most in-demand sustainability skills in UK job adverts Skill mentioned # Job adverts Building Performance 4,329 Energy Management 2,430 Clean Technology 2,427 Sustainable Business 1,405 Sustainable Development 1,320 Environmental Compliance 1,197 Automation Systems 1,116 Environmental Technology 1,050 Source: Uswitch.com Salaries for green roles are often competitive, reflecting the technical expertise required. HVAC technicians top the chart at £41,358, followed by thermal insulation engineers (£39,536) and solar and wind engineers (£39,447). Even newer roles like retrofit assessor (£38,216) and sustainability consultant (£36,789) offer attractive earning potential. Heat pump installer roles, a key entry route into the sector, average £24,300. Table 3: Average salaries for green energy roles Job title Average salary HVAC Technician £41,358 Thermal Insulation Engineer £39,536 Solar Engineer £39,447 Wind Turbine Engineer £39,447 Green Building Consultant £38,880 Retrofit Assessor £38,216 Heat Pump Engineer £37,469 Sustainability Consultant £36,789 Smart Meter Installer £33,202 Retrofit Coordinator £32,448 Solar Installer £30,693 Heat Pump Installer £24,300 Source: Uswitch.com Ben Gallizzi, energy expert at Uswitch.com comments: “The way we heat and power our homes is evolving, bringing new opportunities in green jobs and skills. “From heat pump engineers to sustainability analysts, there’s growing demand for people who can help make homes cleaner and more efficient. And with solar, wind and insulation tech becoming more mainstream, now’s the time to plug into a career that powers real change. “It’s also important to remember that making green savings doesn’t always mean installing new technology, simple changes in how we use energy, or switching to greener tariffs, can make a real difference.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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Muse makes contribution to Morgan Sindall Group’s half year results with its growing order book

Muse makes contribution to Morgan Sindall Group’s half year results with its growing order book

Muse, the nationwide placemaker, has contributed to the positive performance of its parent company Morgan Sindall Group, with its growing order book. The Groups Half Year results for 2025 have been published today (29th July) on the London Stock Exchange. Today’s results continue to represent our strong track record of delivering growth over the long term, with revenue up 7% to £2.4bn, profit before tax up 37% to £95.9m, supported by a PBTA margin of 4% – an expansion of 80 basis points when comparing to this time last year. Over the last six months Muse has continued to build on its prior year successes by converting opportunities to signed development agreements. This success has meant that Muse’s order book currently stands at £4.6bn – a 150% increase since this time last year – with a further £0.7bn of opportunities at preferred bidder stage. This progress underpins a long-term commitment to delivering meaningful change for communities across the UK by creating places where people want to live, work, visit, and grow. New long-term strategic partnerships have been formed or strengthened. Muse have continued to build on its prior year successes in the first half of 2025 by converting five schemes previously at preferred bidder stage to signed development agreements, while also converting several opportunities into preferred bidder schemes. This includes an agreement between Muse and Durham County Council for the first phase of an innovation district at Aykley Heads, while Prince’s Gate was a further site added to the existing partnership with Oldham Council. Additionally, ECF – the joint venture between Muse, Homes England and L&G, entered new long-term partnerships with local authorities in Northampton and Hull to bring forward major town centre regeneration plans. The first half of 2025 has also seen regeneration specialist Muse secure six planning approvals with local and national partners, including for all six of its Oldham Town Centres sites, a new neighbourhood in Wolverhampton known as Smithgate, a Transport Interchange in the heart of St Helens and a Culture Hub in Wythenshawe – the first part of £500m plans to transform the town centre. Muse has additionally submitted planning applications for the 1600-home regeneration of Mell Square in Solihull and 244 affordable homes in Horsham.  With regional offices in London, the Midlands, North West, and Yorkshire & the North East, the delivery of new homes, retail, leisure, workplaces and public spaces has continued across the country. Over the last six months, six projects have started on site and by the end of 2025 a further six starts are anticipated, bringing the total to £277m Gross Development Value (GDV). This is expected to grow again next year with a further 15 coming to site with a GDV of £465m. Muse has also made progress across other active projects, including on Willohaus, a second affordable Passivhaus housing scheme at Salford Crescent, and achieved practical completion on the Civil Service Hub at Talbot Gateway in Blackpool with a further 53,000sqft office currently on site for up to 1,100 MOD employees from Defence Business Services who will relocate to the town centre to boost the local economy. To support this growing delivery pipeline Muse has invested in its partnership approach with the strategic hire of a new Managing Director of National Partnerships, alongside the appointment of a new Head of Residential. As a business, Muse has strengthened the positive impact it is making in the communities where it works. This includes the official opening of the Salford Youth Zone in which Muse are patron donors, achieved RESI awards for ‘Outstanding Contribution to Affordable Housing’, and published its second “Our Sustainable Future Report”. This report shares progress on the delivery of sustainable new places and operations as a responsible business. The Muse Academy also hosted new T-Level students and continued to support the professional development of an apprentice Trainee Project Manager and Graduate Development Manager. Phil Mayall, Managing Director at Muse, said: “We are proud to contribute to the performance of our parent company Morgan Sindall Group, with our growing order book. “Over the last six months we are pleased to have continued our strategic planning for the future, expanding our development pipeline across the North West, Midlands, Yorkshire & North East and the South to £4.6 billion. “By investing in the future, we are helping to create a bedrock for delivery at a significant moment for the country. This is supported by our appointment of several strategic senior hires which will help ensure Muse continues to deliver high quality regeneration and placemaking in partnership. “Across the business there are numerous examples of our teams securing milestone planning approvals, forming or growing new relationships with local partners, and acting as genuine delivery partners with projects moving forward. We are excited to build on this in the coming months and years.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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Teesworks AI Mega Campus: Construction Ambition Meets Sustainability Scrutiny

Teesworks AI Mega Campus: Construction Ambition Meets Sustainability Scrutiny

Plans are advancing for a major AI data centre development at the Teesworks site in Northeast England, with the UK government aiming to position it as Europe’s largest AI infrastructure hub. But behind the headlines of digital transformation and investment, the project is fast becoming a focal point for debates around sustainability, governance, and planning priorities. Teesworks Ltd submitted a planning application in June for a proposed hyperscale campus covering nearly 500,000 square metres. The facility would anchor the UK’s second AI Growth Zone, complementing the existing site at Culham in Oxfordshire. The development forms part of the government’s AI Opportunities Action Plan and Compute Roadmap, both designed to increase the UK’s sovereign computing power. Backed by the Department for Science, Innovation and Technology (DSIT), the project is seen as essential for scaling AI workloads, providing dedicated energy access, and embedding the infrastructure into wider industrial and academic ecosystems. Early interest from leading tech firms suggests strong commercial momentum, with site selection favouring Teesside’s ample brownfield space, utilities access, and regeneration incentives. Yet the project faces mounting tension from within government and beyond. The Department for Energy Security and Net Zero (DESNZ) has flagged environmental risks, especially around the expected energy draw and water usage of large-scale AI centres. These concerns are amplified by a parallel proposal at the site: BP’s blue hydrogen and carbon capture (CCUS) facility. Local authorities and Teesworks Ltd have previously expressed opposition to the CCUS scheme, citing incompatibility with the data centre plan. This clash of priorities sets up a critical decision for Energy Secretary Ed Miliband, who is due to rule on the CCUS proposal by 28 August. The outcome could determine whether Teesworks becomes a national flagship for digital infrastructure or encounters prolonged planning conflict. Adding further complexity, Teesworks has come under scrutiny for its governance practices. A 2024 independent review raised questions about transparency and public value. This led to a best value notice issued in April 2025 and the creation of an improvement board to oversee development and accountability. With public-private collaboration at the core of the site’s ambition, confidence in management practices is crucial. For the building, design, and construction sector, the Teesworks data centre raises major questions about how future infrastructure projects balance innovation with environmental stewardship. As AI becomes more embedded in everyday systems—from smart cities to automated construction tools—the physical spaces that support this technology must align with broader sustainability goals. Constructing a site of this scale will demand integrated approaches across civil engineering, energy planning, facilities management, and digital systems architecture. Whether in HVAC systems tailored for server cooling, or sustainable power sourcing to mitigate emissions, design choices made now will influence long-term outcomes for both climate impact and operational resilience. If approved, the Teesworks campus could offer a blueprint for integrating hyperscale compute infrastructure into post-industrial landscapes. But it also highlights the increasing pressure on developers and public bodies to deliver technological progress without compromising environmental integrity or public trust. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Crown Estate Strengthens Regent Street Portfolio with £95m West End Acquisition

Crown Estate Strengthens Regent Street Portfolio with £95m West End Acquisition

The Crown Estate has acquired the headlease of 100 Regent Street, a prominent mixed-use building in London’s West End, for £95 million. The purchase was made from a vehicle managed by Federated Hermes Real Estate and further cements The Crown Estate’s long-term commitment to revitalising the capital’s iconic retail and business corridor. The Grade II-listed property spans more than 53,000 square feet of retail and office accommodation. Already holding the freehold interest through the Regent Street Partnership—its joint venture with Norges Bank Investment Management—The Crown Estate will now gain full operational control of the building. This acquisition is seen as a strategic move to unlock the site’s full potential, both commercially and environmentally. The Crown Estate has confirmed plans to enhance the office interiors, refresh the retail offering, and invest in sustainability upgrades to improve the building’s overall energy performance. Dominic Packwood, investment manager at The Crown Estate, commented: “This important acquisition marks a key step in delivering our long-term vision for Regent Street and the wider West End. Direct ownership of 100 Regent Street will help us to realise our ambitious plans across our portfolio, including the delivery of our development pipeline and public realm investment, alongside our wider goal to create a vibrant, inclusive and sustainable West End.” Property consultancy Savills acted on behalf of The Crown Estate during the transaction. As part of its wider strategy, The Crown Estate continues to focus on modernising key assets across its central London holdings—enhancing both their commercial value and contribution to the city’s urban regeneration. Building, Design & Construction Magazine | The Choice of Industry Professionals

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