Developers are facing construction delays of more than 18 months and additional costs of up to £49,000 per week due to safety regulations such as the Building Safety Act (BSA), according to new data from the Purposeful Finance Commission (PFC). A report published today by the PFC highlights how the
A recently completed build-to-rent scheme located in the heart of Glasgow has been refinanced following a £14.4m loan from Secure Trust Bank (STB) Real Estate Finance. The three-year residential property investment loan has been provided to Maven Capital Partners, a leading private equity firm. It was used to refinance an external development facility
The ‘Climate and Nature Private Members’ Bill’, brought forward by Dr. Roz Savage MP, seeks to set new legally binding targets for climate and nature, as well as give the Secretary of State a duty to implement a strategy to achieve these targets. The National Federation of Builders (NFB) has
A local Priors Hall Park School student is over the moon following an ‘out of this world’ gift from a housebuilder. Last year, 9-year-old pupil Jasper won a competition to design a bedroom, held by housebuilder Davidsons Homes for its stunning showhome at Kirby Woodlands. As part of his prize,
HBD, part of Henry Boot, and Barnfield Group have secured planning approval for three additional industrial units at their APTUS logistics scheme in Preston, Lancashire. The £100 million development is set to create up to 1,500 jobs and will deliver a total of 800,000 sq ft of high-quality, sustainable industrial
Railpen, manager of the £34bn railways pension scheme in the UK, and Ridgelift, its development partner, have secured consent from Cambridge City Council for 230 Newmarket Road, a 157,000 sq ft six-storey Grade A office building in the city. Outline consent has also been granted for 10,000 sq ft of
Manchester City Council (MCC) and Salford City Council (SCC) are working in collaboration on the ambitious long-term regeneration proposals for the Strangeways and Cambridge areas ahead of public consultation. The draft Strategic Regeneration Framework (SRF) reports will be heard by both Councils’ respective executive and cabinet committees outlining the vision
Hartwell Plc, the automative and property development company, has unveiled £100 million regeneration plans to deliver Phoenix Yard, a landmark mixed-use scheme at the heart of Digbeth, Birmingham. The proposals will seek to transform an outdated and under-utilised brownfield site which totals 2.8-acre (1.134 hectare) and is beside Coventry Street,
Adventure Leisure, the company behind Mulligans, BUNKERS, Total Ninja, and Ninja Warrior UK, is bringing its popular crazy golf concept to Guildford town centre. Set to be the 14th Mulligans venue in the UK, the new site will span 17,000 sq ft on North Street. It will be created by
Taiwan’s Fubon Life Insurance Company has appointed development and leasing specialist Fabrix to lead the refurbishment of Bow Bells House, a 216,000 sq ft office building in the heart of the City of London. Fubon acquired the eight-storey building from Mitsubishi Estate in 2015 for £197 million. Located next to
Developers are facing construction delays of more than 18 months and additional costs of up to £49,000 per week due to safety regulations such as the Building Safety Act (BSA), according to new data from the Purposeful Finance Commission (PFC). A report published today by the PFC highlights how the BSA has unintentionally caused significant setbacks in the construction sector. The independent body, which brings together public and private sector organisations, warns that the stringent regulatory process is creating major barriers to housing and infrastructure development. The report, Breaking the Cycle: Unlocking Infrastructure Investment, reveals that developers are waiting over 18 months for approvals from the Building Safety Regulator (BSR) before they can even begin construction. These delays stem primarily from the three-stage ‘gateway’ process that high-risk projects must navigate to secure planning consent, construction approval, and ultimately, occupancy. Since the introduction of Gateway 2 in October 2023, the number of build-to-rent (BTR) homes reaching the detailed planning application stage has dropped by 41%, falling to just 17,315 between Q4 2023 and Q4 2024. The PFC argues that these regulatory delays are making many schemes financially unviable, with one developer reportedly losing up to £49,000 per week due to prolonged waiting times at Gateway 2. In December alone, the BSR received 1,502 planning applications for high-risk buildings, yet nearly half remain undecided. Of those reviewed, more than 70% have been either rejected or deemed invalid. Meanwhile, construction starts on over 800 high-rise residential projects have been delayed, with Gateway 2 approvals now taking an average of 22 weeks—almost double the original 12-week target. Tracy Blackwell, chief executive of the Pension Insurance Corporation and chair of the PFC, acknowledged the importance of regulatory oversight but criticised the lack of resources that is slowing progress. She said: “Regulators play a critical role, particularly in ensuring resident safety, but there is no excuse for them to be under-resourced and effectively stalling vital infrastructure and housing projects. The regulatory burden is strangling growth, and I’m delighted the PFC is focused on how regulation can better align with the government’s growth mission and drive investment into the economy.” The report also found that nearly half (49%) of local authorities in England have reduced spending on planning, with overall planning department budgets increasing by just 3.85% per capita between 2018 and 2022. Building, Design & Construction Magazine | The Choice of Industry Professionals
A recently completed build-to-rent scheme located in the heart of Glasgow has been refinanced following a £14.4m loan from Secure Trust Bank (STB) Real Estate Finance. The three-year residential property investment loan has been provided to Maven Capital Partners, a leading private equity firm. It was used to refinance an external development facility at Dalian, a former office building converted into 92 apartments. Just a mile away from Glasgow Central train station, the development is conveniently located in Scotland’s most populated city. Completing in late December, only six weeks on from credit approval, this is the bank’s second deal with Maven Capital Partners, having funded the development of a 159-bed purpose-built student accommodation (PBSA) scheme in Stirling in 2020. The deal was led by Daniel Thornton, Relationship Director at STB Real Estate Finance, with the support of Joe Hora, Relationship Support Manager. Paul Johnston, Partner at Maven Capital Partners, said: “Following completion of Dalian in late 2024 we are delighted that the property has let extremely well, and that STB was able to complete the refinance so quickly. We look forward to working together over the next three years.” Daniel said: “It was a pleasure to work with Maven Capital Partners on this transaction. Over the past six years, STB has been able to build a strong working relationship with Maven that is mutually beneficial to both parties. “With the deal occurring during what was certainly a busy end to the year, a quick turnaround was simply non-negotiable. This was made possible thanks to the hard work of our experienced property finance professionals alongside a constant dialogue with Paul and his team.” With 10 regional offices located across the country, Maven Capital Partners has invested over £920m in UK businesses since 2009. Acting on behalf of the bank for this property loan was solicitors Addleshaw Goddard. Discover more about Secure Trust Bank Real Estate Finance or its dedicated residential property investment landing page. Building, Design & Construction Magazine | The Choice of Industry Professionals
The ‘Climate and Nature Private Members’ Bill’, brought forward by Dr. Roz Savage MP, seeks to set new legally binding targets for climate and nature, as well as give the Secretary of State a duty to implement a strategy to achieve these targets. The National Federation of Builders (NFB) has worked closely with Government’s old and new to ensure they understand the impact of their environmental and climate policies. Unfortunately, many of these decisions have resulted in increased taxation, lower growth, and have achieved little or nothing for the climate and environment. The Labour Government is therefore correct to take stock and ensure the direction of travel delivers for nature, business, and society. The following outlines a few examples of where industry warnings were ignored by the Government. The Treasury’s decision to remove the construction industry’s access to red diesel increased project costs and fuel theft, while also creating new maintenance expenses for the plant hire sector. Three years on, most machinery remains diesel fuelled, with the limited availability of electric plant machinery still to be charged by diesel generators. DEFRA’s Biodiversity Net Gain (BNG) approach, which is championed as an ‘onsite first policy’ but for most developments cannot be delivered onsite, is creating offsite habitats miles from original development sites. Their strategy also neglects local biodiversity and, if projects can afford the sky-high mitigation costs, means new developments do not build in biodiversity but instead, can create physical barriers within a wildlife corridor. Due to being a statutory requirement, BNG is also reducing levels of affordable housing. Sticking with DEFRA, Nutrient Neutrality schemes attempt to reduce the pollution entering our waterways, not by targeting the polluters but the new build sector, which in some areas accounts for less than 1% of total pollution. Like BNG, Nutrient Neutrality leads to farming land being taken out of use to provide mitigation credits via habitat creation and in the process reducing the UK’s food security. In the MHCLG, vital grid investment, such as pylons and substations, continue to be stopped by NIMBY sentiments, while the Government obsesses over the energy efficiency of new homes, despite these new homes accounting for only 1% of stock and already being 65% more efficient than old homes. These outcomes exist because somebody tried to use policy levers to do the right thing but, in the process, ignores the broader impacts. This consequently damages sustainable environmental and climate improvement, stifles maintainable change, and embeds zero sum outcomes. Worse still, those businesses, our SMEs, that have historically offered the solutions that many champion, such as building within communities and so reducing car dependency, installing renewable energy solutions within buildings, and working with local communities on nature conservation and access, have been leaving the sector at an alarming rate due to the above and many other policy changes that have made doing business impossible and unprofitable. While well intentioned, the Climate and Nature Bill (CAN) is a Bill of unexplored and unintended consequences, far eclipsing the policy harms exampled above. The Government is therefore correct to head off CAN and reassess the UK’s role in solving a global challenge, while balancing the many competing domestic needs, from renewable energy and biodiversity to growth and healthy societies. Building, Design & Construction Magazine | The Choice of Industry Professionals
A local Priors Hall Park School student is over the moon following an ‘out of this world’ gift from a housebuilder. Last year, 9-year-old pupil Jasper won a competition to design a bedroom, held by housebuilder Davidsons Homes for its stunning showhome at Kirby Woodlands. As part of his prize, Jasper’s bedroom design was replicated in one of the showhome bedrooms – a room that Jasper was excited to visit and explore for himself. Following a surge of sales including the showhome itself, Davidsons Homes decided to gift all the furniture from the space-themed bedroom to Jasper. The treat was carefully planned between the housebuilder and Jasper’s mum, Annabelle, giving the youngster a surprise that rendered him speechless on the day. Simon Tyler, Sales Director for Davidsons South, said: “Gifting the furniture to Jasper from the bedroom he designed feels like the perfect ending to this lovely story. Originally, we tasked students from Priors Hall Park School to design a bedroom for our new showhome, and we were absolutely blown away by the results. From models made of the room, through to stories that accompanied entries, we have genuinely never seen such high-quality entries from children. “Jasper’s design won our hearts though, with so many carefully-considered details – a galaxy-themed ceiling, Doctor Who and Star Wars elements and a slide reaching from the bed, surely every child’s dream. “Now, we’re delighted that following the sale of the showhome, we are able to gift all the furniture from this bedroom to Jasper. We very much hope he enjoys his revamped bedroom and that it’s a little reminder to him of this project, which has certainly been one we’ve all thoroughly enjoyed here at Davidsons Homes.” As part of his prize, Jasper also won a £500 Merlin voucher for him and his family to enjoy. Not only that, but Jasper was the first to visit the showhome and see the bedroom, before it was open to other visitors. Jasper’s mum, Annabelle, said: “Jasper has been so excited about his bedroom design being chosen, in fact he even took his grandparents to visit it over Christmas last year. Now, it’s the icing on the cake that we have been given the furniture from the bedroom for Jasper to take home and enjoy. “It was wonderful to visit the showhome again with Jasper, along with his sisters, and see him receive the news that he is able to take the furniture home with him. We really cannot thank you all enough.” People are invited to visit Kirby Woodlands for themselves. To make an appointment or to find out more, visit davidsonshomes.co.uk. Building, Design & Construction Magazine | The Choice of Industry Professionals
HBD, part of Henry Boot, and Barnfield Group have secured planning approval for three additional industrial units at their APTUS logistics scheme in Preston, Lancashire. The £100 million development is set to create up to 1,500 jobs and will deliver a total of 800,000 sq ft of high-quality, sustainable industrial space just off Junction 31A of the M6. The latest phase includes two adjoining units of 26,507 sq ft each, alongside a larger detached unit spanning 53,841 sq ft. Ed Hutchinson, Managing Director of HBD, said: “We’re pleased to have secured planning for a further 108,000 sq ft at APTUS. Its prime location, combined with strong sustainability credentials and power capabilities, continues to attract significant interest from potential occupiers.” Tracy Clavell-Bate, Head of Development at Barnfield Group, highlighted the benefits of the approval: “Having planning permission allows us to go to market with a ready-to-go scheme, making it highly attractive to occupiers. With limited supply in the region, we are ahead of the curve.” The scheme will incorporate a range of energy-saving features, including electric vehicle charging points and photovoltaic panels, as well as a 15-acre landscaped wildlife area designed for occupiers to enjoy. Across the wider APTUS development, units ranging from 25,000 sq ft to 500,000 sq ft will be available. Property agents Gerald Eve, Young & Co, and Eckersley Property have been appointed to market the scheme. The first confirmed occupier at APTUS is Kerakoll, with construction set to begin this summer on its 145,000 sq ft unit. HBD is one of the UK’s most established property developers, with a strong financial track record and a £1.3 billion development pipeline. The company focuses on industrial and logistics, urban regeneration, and residential projects, working in partnership with local authorities, investors, and developers. Barnfield Group, a Lancashire-based contractor, developer, and investor, has been delivering projects across the UK for more than 40 years. With a turnover of £80 million, the company is currently involved in more than 30 live developments, spanning a diverse range of sectors. With the latest approvals in place, APTUS is on track to become a major industrial and logistics hub in the North West, offering state-of-the-art facilities in a prime location. Building, Design & Construction Magazine | The Choice of Industry Professionals
Railpen, manager of the £34bn railways pension scheme in the UK, and Ridgelift, its development partner, have secured consent from Cambridge City Council for 230 Newmarket Road, a 157,000 sq ft six-storey Grade A office building in the city. Outline consent has also been granted for 10,000 sq ft of retail and leisure space in a separate single-storey building adjacent to the office. Designed by Leonard Design Architects, 230 Newmarket Road is in a prominent position on a major thoroughfare into Cambridge. It has been conceived as a multi-occupier headquarters building, providing exemplary quality and amenities. The ground floor contains a generous reception area and extensive cycling and end-of-trip facilities, with space to park 438 bikes. Moving up through the building, the first floor includes an elevated lobby café and offices, with the floors above providing flexibility of configuration to reflect varied occupier requirements. The top floor features two pavilion-style office spaces designed for co-working, both opening onto an inside-outside terrace. Externally, the consent includes a new carpark with 45 spaces, 26 with EV charging. Railpen also has strong ambitions for 230 Newmarket Road’s sustainability credentials, and is aspiring for BREEAM ‘Outstanding’ and at least 20% biodiversity net gain. The design follows the principles of the London Energy Transformation Initiative (LETI) and RIBA 2030 Climate Challenge, with targets including net zero enabled in operation, low embodied carbon (800 kg/CO2e/m2), and a maximum operation energy performance of 55 KwH/ m2. More widely, 230 Newmarket Road is a gateway to Railpen’s proposed 1m sq ft Beehive, which will blend modern workspace, retail, leisure, entertainment and community spaces, and is currently going through planning, along with proposals to enhance the neighbouring Cambridge Retail Park through the introduction of new retail and leisure facilities. Together, the developments will create a new business district in Cambridge to serve the innovation and STEM sectors as part of the UK’s Golden Triangle, which was recently ranked by Savills as a top three life sciences hub globally. Matthew Howard, Head of Property at Railpen, said: “We’re delighted with the council’s decision to grant consent for 230 Newmarket Road, with the development adding to the quality of offices available to accommodate growth in a world-leading city for innovation. As importantly, it is the first stage of a new business district for the city that will bring more long-term employment and prosperity to one of the UK’s most important economic areas.” 230 Newmarket Road is the latest of Railpen’s investments in Cambridge. Part of its strategy of supporting the UK’s economic and social growth through the clustering of assets in key sectors and locations, it joins Mill Yard, its 180,000 sq ft mixed-use campus adjacent to Cambridge rail station, and the nearby Botanic Place, Railpen’s 500,000 sq ft headquarters office development. Railpen also has a number of other significant proposed developments in the city, including its 1m sq ft Beehive scheme, which has been called in by the Secretary of State. Building, Design & Construction Magazine | The Choice of Industry Professionals
Manchester City Council (MCC) and Salford City Council (SCC) are working in collaboration on the ambitious long-term regeneration proposals for the Strangeways and Cambridge areas ahead of public consultation. The draft Strategic Regeneration Framework (SRF) reports will be heard by both Councils’ respective executive and cabinet committees outlining the vision that will guide wide-scale investment and development across the 130hectare city fringe location over the coming decades. The draft Strangeways and Cambridge SRF presents a high-level vision for the area, building on the work of the Operation Vulcan policing operation, to provide a platform for legitimate businesses to grow and thrive, alongside a major new urban park, significant new housing – including affordable homes – and significant commercial and employment opportunities. The programme of investment estimates the combined development areas could see up to 7,000 new homes across seven distinct ‘neighbourhood’ areas, increased commercial floorspace of around 1.75m sqft, and the regeneration could support an additional 4,500 jobs. The draft SRF presents a development approach that will support Manchester’s target to become a zero-carbon city by 2038 and reacts to other environmental factors in the areas, including potential flooding linked to climate change. The SRF also reflects how HM Prison Manchester – formerly Strangeways Prison – remains a significant barrier to the regeneration ambitions in this part of the city and the framework will act as an engagement tool with the Ministry of Justice around the long-term future of the prison. The key themes of the SRF include: This draft Strangeways and Cambridge SRF document has been prepared on behalf of MCC and SCC by Avison Young with Maccreanor Lavington Architects, Feilden Clegg Bradley Studios, Schulze+Grassov, Civic Engineers, Useful Projects and PLACED. Salford’s Cabinet will meet on Tuesday 11 March. Find the Salford City Council Cabinet Report Manchester’s executive will meet on Friday 14 March Find the Manchester City Council Executive Report – see agenda item 8 Following the respective Council approvals, consultation around the SRF document will begin at the end of March, the results of which will be reported to future Executive and Cabinet meetings. Further information on the SRF can be found here. The draft SRF was in part delivered using Government Funding. Leader of the Council Bev Craig said: “This framework is our shared long-term vision, alongside our colleagues in Salford, to deliver a transformation in the Strangeways and Cambridge communities. “We have an opportunity to create a platform for development and investment, enabled by the successful work carried out by the Operation Vulcan partnership, to support businesses to grow and prosper in these neighbourhoods – creating thousands of new jobs and support the ongoing growth of our city – alongside a major new public park and new homes, including Council, social and genuinely affordable housing. “We know this area has challenges, including the prison that presents a key barrier to the regeneration of the area, but we also know that there is energy and a community brimming with potential. “We will deliver huge change in Strangeways in the coming years, working alongside the people who live and work there, and as we move to consultation in the coming weeks, we want to speak to local people and businesses about how we can make this part of the city thrive.” Salford City Mayor, Paul Dennett added: “We’ve been on a journey of growth and regeneration in recent years, and our work has changed the landscape in different parts of Salford for the benefit of our residents. It’s now time to focus on the Cambridge area and working with colleagues in Manchester, this framework provides us with a once in a lifetime opportunity to do that. “This framework proposes options for the Salford part of the SRF, taking into account the requirements of residents and local businesses, and the need for quality housing in the area. The key will be to balance these needs with what the long-term flood data is telling us and how we future-proof the area against climate change. “The proposals in the framework seek to identify the best possible options for this area. These include the exciting opportunity to create a new city park for all, with an option for appropriate levels of mixed-use development, to continue to drive sustainable growth. “I’d urge everyone with a vested interest in this area, whether you’re a resident or business to engage with the consultation process and work with us help shape the future of this part of the city.” Building, Design & Construction Magazine | The Choice of Industry Professionals
Hartwell Plc, the automative and property development company, has unveiled £100 million regeneration plans to deliver Phoenix Yard, a landmark mixed-use scheme at the heart of Digbeth, Birmingham. The proposals will seek to transform an outdated and under-utilised brownfield site which totals 2.8-acre (1.134 hectare) and is beside Coventry Street, Oxford Street, Meriden Street, and Digbeth High Street to deliver a new gateway to Digbeth. The site has the potential to provide 260,000 sq ft (24,228 sq m) of media and educational space, commercial floorspace, 240 new homes units, retail, public realm and high-quality landscaping. The proposals have been sensitively developed by award-winning architects Allford Hall Monaghan Morris to pay homage to the site’s industrial history as Phoenix ironworks. This is combined with ambitious sustainability targets across the site which include BREEAM ‘Excellent’, WELL certification, WiredScore Platinum, SmartScore, NABERS and a minimum 10% biodiversity net gain. Phoenix Yard proposals will respond to Digbeth’s recognised potential as a growth area in Birmingham, which contributes to its ongoing transformation into a thriving and vibrant creative area. This includes the BBC’s new multi-million-pound Birmingham HQ at Typhoo Wharf and approval of the £1.9 billion Smithfield Market masterplan. The proposed Phoenix Yard is forecast to create circa 200 construction jobs and has the potential to create upwards of 500 FTE jobs, as well as attract a range of new residents to the area and provide a meaningful boost to the economy to support the area’s social and economic growth. Joanne Churchill, group property manager, Hartwell Plc said: “We are delighted to unveil our vision to transform an under-utilised brownfield site to deliver Phoenix Yard, a new mixed-use neighbourhood at the heart of Digbeth. Through unlocking the potential of this site, our plans promise to positively contribute to the area’s ongoing transformation into a thriving and vibrant part of Birmingham, delivering an exciting range of new opportunities and living space for the future. “In recent years Digbeth has benefitted from significant investment and is recognised by Birmingham City Council as a key growth area. This scheme has been designed with this investment and the wider ambitions for Birmingham in mind. The potential delivery of media and educational space will support the continuing growth of BBC Midlands HQ and its ecosystem following the BBC’s multi-million-pound investment into the area. Similarly, new homes will complement the site’s location in Digbeth’s creative centre. This will be supported by excellent connectivity, which is enhanced by nearby major transport investments including HS2’s Curzon Street Station and the Metro Eastside Extension. “We look forward to receiving comments on the proposals from local residents and businesses, with feedback set to help inform our final planning application.” Ahead of submitting a hybrid planning application to Birmingham City Council, Hartwell Plc has launched a public consultation for local residents and businesses to see and comment on the plans. A dedicated consultation website is now live at https://www.phoenixyard-digbeth.com/ with the deadline to provide feedback to close at 12pm on 31st March 2025. Acting on behalf of Hartwell are Allford Hall Monaghan Morris, Ridge, Cundall, Hoare Lea, Macfarlane + Associates and Newmark. Building, Design & Construction Magazine | The Choice of Industry Professionals
Adventure Leisure, the company behind Mulligans, BUNKERS, Total Ninja, and Ninja Warrior UK, is bringing its popular crazy golf concept to Guildford town centre. Set to be the 14th Mulligans venue in the UK, the new site will span 17,000 sq ft on North Street. It will be created by combining two vacant units – the ground floor previously occupied by TGI Fridays and a basement space that formerly housed a nightclub and later a pop-up leisure venue, Slice. The Guildford venue will offer two 9-hole crazy golf courses alongside a variety of interactive games, including electronic darts, American pool, and electro-shuffleboard. Sports-themed arcade games such as air hockey, skeeball, and basketball will also be available. In addition to the gaming experiences, Mulligans Guildford will feature a family-friendly sports area with booth seating and TV screens, as well as a food and drink offering to enhance the overall visitor experience. Stephen Brown, chief operating officer of Adventure Leisure, said: “We can’t wait to open our latest Mulligans venue in Guildford. We’ve had our eyes on the town for some time and have some exciting plans for the golf courses in particular. It’s fantastic to be working with Zachary Pulman to bring everything to life. “We’re in a really exciting period of growth for Adventure Leisure, following our new venue in Hemel Hempstead last year and with Mulligans Guildford opening soon.” Adventure Leisure currently operates 13 Mulligans locations across the UK, including sites in Basildon, Birmingham, Bournemouth, Bristol, Cheltenham, Milton Keynes, Newcastle, Norwich, Sidcup, Stevenage, Tonbridge, Worcester, and Hemel Hempstead. The Guildford opening marks another step in the company’s expansion, bringing its unique mix of crazy golf, arcade games, and social entertainment to a new audience. Building, Design & Construction Magazine | The Choice of Industry Professionals
Taiwan’s Fubon Life Insurance Company has appointed development and leasing specialist Fabrix to lead the refurbishment of Bow Bells House, a 216,000 sq ft office building in the heart of the City of London. Fubon acquired the eight-storey building from Mitsubishi Estate in 2015 for £197 million. Located next to St Mary-le-Bow Church and Bow Churchyard, the property includes 197,000 sq ft of office space and 19,000 sq ft of retail space. It was previously occupied by the Bank of Ireland. The planned upgrades will transform Bow Bells House into an all-electric, fossil-free workspace, featuring state-of-the-art amenities such as enhanced end-of-trip facilities, a tenant business lounge, and landscaped terraces. Designed by Fabrix in collaboration with White Red Architects, the refurbishment will draw inspiration from the historic character of Bow Churchyard and its surroundings. While Fabrix has not disclosed the total investment in the project, the works are expected to be completed by the first quarter of 2026. Fabrix CEO Clive Nichol said: “Fabrix is delighted to be working with Fubon on this exceptional building, drawing on our team’s extensive experience in repositioning assets. The City is evolving, and our focus is to bring Bow Bells House back to life with a sharp emphasis on decarbonisation and enhancing the occupier experience.” Nichol added: “Partnering with an international investor in a development and leasing management capacity allows us to apply our expertise in both technical and creative solutions, ensuring Bow Bells House is income-generating once again. With its strong foundations, this building has the potential to be a market leader through a sensitive revitalisation that enhances services, amenities, and environmental performance to meet modern standards.” The redevelopment of Bow Bells House is set to play a key role in the City’s ongoing transformation, blending sustainability with high-quality office space in one of London’s most historic locations. Building, Design & Construction Magazine | The Choice of Industry Professionals
