Business : Finance & Investment News
Kilwaughter Minerals acquired by Saint-Gobain

Kilwaughter Minerals acquired by Saint-Gobain

Kilwaughter Minerals Limited is to become part of the multi-national Saint-Gobain group after they reached a binding agreement for Saint-Gobain to acquire the Northern Irish quarrying and mineral processor.  As per normal process, the acquisition has been forwarded to the Competition and Markets Authority with closing of the transaction expected

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MBO at Midlands workplace consultancy Blueprint Interiors

MBO at Midlands workplace consultancy Blueprint Interiors

The management team has successfully completed a buyout at leading workplace consultancy and commercial interior design firm, Blueprint Interiors. Rachel Biddles and Chloe Sproston have taken ownership of the business, which will see chairman and founder Rob Day take a step towards retirement and his passion for community-led projects for

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Latest Issue
Issue 330 : Jul 2025

Business : Finance & Investment News

Considerate Constructors Scheme announces acquisition of Building a Safer Future

Considerate Constructors Scheme announces acquisition of Building a Safer Future

Considerate Constructors Scheme (CCS), the independent champion for change in construction, has completed the acquisition of the Building a Safer Future (BSF) programme. The programme, which creates positive culture and behaviour change in building safety, was launched in response to the Grenfell Tower fire. It aims to complement a more robust regulatory framework and promote a culture of safety within the built environment. The programme emphasizes accountability, transparency, and the sharing of best practices to ensure that buildings are safe for occupants. All underpinned by third party independent assurance of the reduction in any risk profile. The work of Building a Safer Future is underpinned by a Charter which consists of five commitments. The UK Government encouraged an industry-wide commitment to sign-up to a reformed building safety regulatory system, in its response to the Building a Safer Future consultation. In early 2020, CCS was appointed to take on responsibility for the management of the Charter. CCS subsequently established a new, not-for-profit independent organisation (Building a Safer Future Ltd) with an independent governance structure, to lead and develop the Charter further. Whilst originally conceived to focus on high-rise residential buildings, BSF has extended its scope to cover buildings of all heights, and equally applies, and is relevant to, all construction activity and companies. Companies can apply to become a Registered Signatory of the Charter and/or participate in the Champions programme. The Charter is an important step in driving forward the systemic culture change in relation to major hazard safety that is required across the built environment. The BSF Champion third party assessment gives companies detailed insight into their existing leadership and culture around building safety and equips them with actionable data and practical tools to help review and upgrade processes, driving meaningful and measurable continuous improvement in leadership and culture around building safety. Peter Caplehorn, Non-Executive Director for Considerate Constructors, said: “The acquisition signals our continued commitment to improved safety and standards in the construction industry. Having originally managed the Charter, CCS is the commonsense future home for the BSF business, staff and clients. While having different focal points, we share common goals around safety, collaboration and a culture of improvement.” Graham Watts, Non-Executive Director for Building a Safer Future, added: “We look forward to developing our relationship to support companies in their building safety journeys. Our common purpose is key in helping organisations to meet their requirements, ensuring that risk profiles are reduced across the industry. As the only independent champion for change in the sector, CCS was really the only choice for us.” The financial terms of the transaction are not being disclosed. The acquisition follows the recent announcement of a partnership with compliance and risk management leader Veriforce CHAS to broaden CCS inspection monitoring services across the UK. Building, Design & Construction Magazine | The Choice of Industry Professionals

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New £1bn Single-Family Rental Venture Launched by CPP Investments and Kennedy Wilson

New £1bn Single-Family Rental Venture Launched by CPP Investments and Kennedy Wilson

The Canada Pension Plan Investment Board (CPP Investments) has teamed up with Kennedy Wilson, a global real estate investment company, to establish a joint venture (JV) in the UK single-family rental housing sector. This ambitious venture aims to build a portfolio valued at approximately £1 billion, with CPP Investments contributing £500 million and Kennedy Wilson investing £56 million. CPP Investments will hold a 90% stake in the JV, while Kennedy Wilson will hold 10%. The JV is focused on delivering energy-efficient, new-build homes in rapidly growing communities that feature excellent connectivity, quality local amenities, and strong employment and educational opportunities. To fuel the portfolio’s growth, the partnership will collaborate with housebuilders across the UK. Initial properties include units from two developments already secured by Kennedy Wilson: Barratt Redrow’s site in Norwich, where the first phase of homes is already being leased, and Miller Homes’ project in Stevenage, with homes set for completion by Q2 2025. With a pipeline of projects valued at over £360 million and a potential of 4,000 units once fully deployed, Kennedy Wilson is well-positioned to drive the JV’s expansion. Tom Jackson, Head of Real Estate Europe at CPP Investments, commented:“Private capital can be instrumental in addressing the lack of high-quality rental housing in the UK. This investment aligns with our broader real estate strategy of pursuing scalable opportunities in high-quality assets with stable cash flows. Through this JV with Kennedy Wilson, we are creating a pathway to strong returns for CPP’s 22 million contributors and beneficiaries.” Kennedy Wilson will manage the JV and receive standard management fees, drawing on its expertise in professionally operated rental housing, with a portfolio of over 60,000 units across the US, UK, and Ireland. The company’s established residential platform features a vertically integrated team for investment, asset management, development, and operations. Mike Pegler, President of Kennedy Wilson Europe, added:“Our partnership with CPP Investments represents a significant step in delivering essential rental homes for UK families. The structural challenges in the UK rental housing sector present a compelling investment opportunity, allowing us to grow our portfolio at scale and generate steady, risk-adjusted returns in this critical sector.” This JV not only targets a substantial growth in professionally managed rental housing but also brings forward the promise of a scalable, high-quality rental portfolio to meet growing demand across the UK. Building, Design & Construction Magazine | The Choice of Industry Professionals

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abrdn Predicts Real Estate Rebound, Driven by REITs, Rates, and Rental Demand

abrdn Predicts Real Estate Rebound, Driven by REITs, Rates, and Rental Demand

abrdn has raised its outlook on the real estate sector, forecasting a new growth phase driven by renewed REIT performance, a stable interest rate environment, and strong demand for quality rental assets. In its latest Q4 Real Estate House View, abrdn upgraded its investment stance from neutral to overweight, marking the first positive shift since June 2022. With annual total returns for UK real estate projected to reach 8.6% over the next three years, the firm expects a marked recovery. Market Rebound and Key Drivers Anne Breen, abrdn’s Global Head of Real Estate, explained that recent indicators support optimism: “Our ongoing monitoring of the real estate market shows a pivot to growth, spurred by increased capital mobilisation in REITs, favourable interest rates, and resilient rental demand for quality assets.” abrdn has identified logistics, residential, and select alternatives as sectors with promising return potential, noting that even office markets are showing renewed energy. The Autumn Budget, which could introduce tighter fiscal policies and potential reforms to capital gains and inheritance tax, places greater importance on private capital for addressing the UK’s housing and infrastructure needs. Despite this, abrdn expects private investment to drive UK real estate growth. REITs and Direct Real Estate on the Rise REITs, a useful predictor of direct real estate performance, have signalled renewed confidence by focusing on growth rather than debt reduction. In Europe, REITs are issuing equity and debt, highlighting the transition from a refinancing phase to one of expansion. In direct real estate, competitive bidding is heating up, with residential rents rising by 6.7% and logistics by 6.6% year-on-year, signalling steady demand across sectors. Furthermore, the forecasted yield premium on real estate is proving increasingly attractive as the Bank of England’s expected gradual interest rate cuts—anticipated at around 100 basis points in 2025—support investor entry into the market. The Office Sector Sees Renewed Demand The office market, particularly in London’s West End, is experiencing increased demand, especially for high-quality spaces. Cities like Bristol and Manchester are also seeing strong growth in prime office rents, reflecting a trend among tenants to prioritise quality as they consolidate premises. While global economic and geopolitical challenges persist, the office sector shows capacity for resilience, especially as valuations stabilise in the UK and European markets. Sector Outlooks As sectors such as industrial and logistics continue to offer strong returns, abrdn emphasises the importance of quality and sustainability in property selection. Compliance with Minimum Energy Efficiency Standards (MEES) and Net Zero targets will be critical, with assets that have already adapted to these standards expected to lead in future investor and occupier interest. By addressing decarbonisation and retrofit costs upfront, abrdn sees an opportunity for investors to capture both financial and environmental value in a rebounding market. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Environment Bank welcomes new Chief Strategy Officer and Chief Revenue Officer to the leadership team

Environment Bank welcomes new Chief Strategy Officer and Chief Revenue Officer to the leadership team

Environment Bank, the leading Biodiversity Net Gain (BNG) provider, has announced the strategic expansion of its leadership team with the appointments of Jonathan Lydiard-Wilson as Chief Strategy Officer (CSO) and Henry Burn as Chief Revenue Officer (CRO). These key additions to the leadership team underscore the company’s commitment to driving its mission of reversing biodiversity loss while scaling to meet growing demand for their high-integrity Biodiversity Units for the regulatory Biodiversity Net Gain and emerging voluntary nature markets. Jonathan (Jo) joins as CSO, where he will develop and execute Environment Bank’s strategic direction to position the business as the leading provider of nature-based solutions, utilising private investment to accelerate nature recovery at pace. Jo brings a wealth of experience in developing new business models that deliver long-term value in the environmental, social, and governance (ESG) and impact sectors. Formerly Partner at Accenture, Jo was the global lead for energy management and co-ordinator for the Energy Transition where he played a key role in driving the growth of Energy Transition Services across the business and was responsible for the coordination of key business channels. He was also the International CEO for a global energy and sustainability consultancy that was later acquired by Accenture. In addition, Jo has been a Trustee of the Centre for Alternative Technology (CAT). Henry Burn joins as CRO, bringing over a decade of experience in driving revenue growth and executing successful business strategies within high-growth start-up environments. Henry excels at building teams, infrastructure, and processes from the ground up, and has a proven track record in implementing innovative products and customer acquisition strategies that exceed revenue targets. Prior to joining Environment Bank, Henry was the Vice President of Commercial at Hubble where he oversaw profitability routes and commercial strategy to emphasise sustainable growth. In his new role, Henry will be responsible for unlocking new strategic opportunities for Environment Bank’s off-site Biodiversity Units, offering developers in England an effective solution for meeting its new BNG obligations that came into force this year. Environment Bank has already seen a £160m pipeline of Biodiversity Unit enquiries, demonstrating strong demand for its product. Commenting on the appointments, Catherine Spitzer, CEO of Environment Bank, said:“The appointments come at a crucial moment for Environment Bank, as we continue to expand our nature recovery efforts nationally. By bringing Jo and Henry on board, we strengthen our leadership team and position ourselves as market leaders in delivering nature-based solutions that help businesses meet their biodiversity goals with tangible and long-term benefit for the natural environment. “Jo and Henry’s deep industry expertise, strategic acumen, and proven leadership will be instrumental in shaping the future of Environment Bank. Their addition underscores the strength of our team and the significant progress we’ve made so far, while also highlighting the immense opportunity ahead as we execute deliver a sustainable legacy for future generations.” Environment Bank has already established a network of 28 Habitat Banks over almost 2000 acres across England – with more than 20 additional sites already in development. It has a team of 85 experts working across ecology, land management, planning, and legal services. Its clients comprise SME and major housebuilders alongside significant commercial, utility, energy, and infrastructure developers. Building, Design & Construction Magazine | The Choice of Industry Professionals

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SEGRO Sells Park Royal Site to Imperial College London for £115 Million, Paving the Way for Innovation Hub

SEGRO Sells Park Royal Site to Imperial College London for £115 Million, Paving the Way for Innovation Hub

SEGRO plc has completed the sale of SEGRO Park Victoria Road, a 10-acre urban warehouse estate in Park Royal, West London, to Imperial College London for £115 million, marking a strategic milestone for both parties. This sale, made at a premium to the asset’s book value, highlights SEGRO’s successful management and long-term strategy for the site. Since acquiring the estate in 2009 as part of its purchase of Brixton plc, SEGRO has focused on active management, achieving significant rent growth. However, the site’s age and layout have led to a strategy shift towards securing vacant possession for redevelopment. Currently, the estate is 64% occupied and generates a rental income of £3.2 million annually. The sale marks an exciting new chapter for the site, as Imperial College plans to transform it into a hub for commercial science innovation, supporting early-stage companies whose interests align with the university’s academic mission. This initiative will be part of the ‘WestTech Corridor’, an ambitious development aimed at establishing West London as a globally competitive innovation ecosystem. The site also forms part of wider regeneration plans for the area, developed in collaboration with the Old Oak and Park Royal Development Corporation (OPDC) and Ealing Council. Bonnie Minshull, SEGRO’s Head of London, said: “SEGRO Park Victoria Road has delivered strong results for us over the past decade. This sale enables us to reinvest in our broader London portfolio while supporting the creation of cutting-edge innovation facilities by a world-class institution.” Hugh Brady, President of Imperial College London, added: “Our vision for the WestTech Corridor represents a significant step towards building a deep tech innovation ecosystem in West London. It will drive investment, inclusive growth, and job creation at local and national levels, aligning with the Government’s emerging Industrial Strategy.” The sale represents a win for both SEGRO and Imperial, with SEGRO focusing on reinvestment in its core industrial and logistics spaces, while Imperial College furthers its mission to foster innovation and economic development in London. Advising on the deal were Montagu Evans and Gowling WLG (UK) LLP for SEGRO, with Savills (UK) Ltd and CMS Cameron McKenna Nabarro Olswang LLP acting on behalf of Imperial College London. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Kilwaughter Minerals acquired by Saint-Gobain

Kilwaughter Minerals acquired by Saint-Gobain

Kilwaughter Minerals Limited is to become part of the multi-national Saint-Gobain group after they reached a binding agreement for Saint-Gobain to acquire the Northern Irish quarrying and mineral processor.  As per normal process, the acquisition has been forwarded to the Competition and Markets Authority with closing of the transaction expected in the first half 2025. Saint-Gobain is a global leader in the design and manufacture of solutions for the construction industry and employs 160,000 people across 76 countries globally. It has a wide-ranging portfolio of lightweight construction solutions for building facades and envelopes, with its emphasis on making buildings better for occupants and the planet. Kilwaughter has its headquarters at its limestone quarry in Larne, Northern Ireland from where it serves its construction and agriculture customers throughout the UK and Ireland, with distribution centres in Glasgow, Cork and St Helens. Known for leading brands K Rend, K Systems and Kilwaughter Lime, the company has delivered continued success in recent years, with a clear strategy centred around outstanding customer service and innovative products. To year end (April 2024), Kilwaughter generated revenues of circa £50m and has over 200 employees. Gary Wilmot, CEO of Kilwaughter Minerals said: “We’re excited with the opportunity to join the Saint-Gobain group and continue Kilwaughter’s ambitious growth journey. “Kilwaughter has a rich company culture and heritage, and our focus remains on delivering a leading customer experience, underpinned by our trusted brands. We look forward to the added synergy that Saint-Gobain will undoubtedly bring and sharing our passion for innovation, quality and excellence. “We see the alignment of the vision and values between both companies as a strong building block for our teams and customers.” As stated above, the transaction is subject to the satisfaction of customary closing conditions. Building, Design & Construction Magazine | The Choice of Industry Professionals

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AtkinsRéalis Construction Intelligence Report points to rise in output and investment in 2025

AtkinsRéalis Construction Intelligence Report points to rise in output and investment in 2025

AtkinsRéalis, a world-class engineering services and nuclear company with offices around the world, has released its latest Construction Intelligence Report for Q4 2024, which points towards a more stable and productive period for the sector going into 2025. However, it cautions that output may still be limited due to inflationary pressures and delays in planning impacting schemes. Analysis of the sector by the professional services experts suggests there is growing optimism that output and investment will continue to rise in 2025, due to a more construction-friendly government with plans for reform of the planning system and a longer-term strategy for infrastructure driving activity. As a result, AtkinsRéalis has issued its forecast for Tender Price Inflation*, the measure used to demonstrate the trend of contractors’ pricing levels in accepted tenders, which includes allowances for output cost rises caused by materials, plant and labour. Following a lull in costs over the past year, AtkinsRéalis is forecasting a TPI of 3% nationally for the next 12 months (up from 2.25% for 2024), as increased activity will drive up tender prices. Max Wilkes, associate director for AtkinsRéalis’ project and programme services division, said: “The upturn in activity will push tender prices up as consultants and contractors look to secure construction professionals and materials. Suppliers are looking to ramp up production which has been reined back in the last 12 months as we are now witnessing increases in costs after a 12 to 15 month lull. “It is expected that the recovery cycle will be led by private investment which means that viability issues remain key for investment and, as a result, developers are looking for the rent and housing demand to make return worthwhile. “So, our forecast remains positive, it includes for a steady increase in output, along the lines forecast by the industry and accommodating a degree of planning reforms as well as a slight increase in the labour force. “As such, our advice continues to be to avoid additional costs and delays, be sure to provide early and detailed information, with early and good communication through the supply chain to achieve the best results.”     The report recognises many of the issues affecting the construction sector currently, particularly in the planning system, where the procurement of more resources will take time. In addition other supply chain constraints through labour shortages and a reduction in suitable contractors will also act as a block on construction output. However, with the Government’s impetus on growth with infrastructure and housing at the heart of its agenda, the report points to the prospect of new opportunities for the sector to counter the current downward pressures. Wilkes adds: “Looking at the bigger picture most analysts agree that wise government investment in improved public services, green industries, energy and infrastructure to increase productivity is needed to sustain growth.” For a copy of the full report, go to: Construction Intelligence Report Q4 2024 – AtkinsRéalis (atkinsrealis.com) Building, Design & Construction Magazine | The Choice of Industry Professionals

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M&G Secures £200 Million in Debt Financing for UK Logistics and Retail Warehousing Growth

M&G Secures £200 Million in Debt Financing for UK Logistics and Retail Warehousing Growth

M&G Real Estate Finance has announced £200 million in prime refinancing deals across the resilient UK logistics and retail warehousing sectors. The company is capitalising on robust tenant and investor demand, driven by constrained supply in key markets. One of the deals includes a £50 million construction loan (72.5% LTV) to PineBridge Benson Elliot, aimed at developing two prime logistics assets in Woodford and Enfield, North London. Both sites have received planning consent for seven warehouse units, delivering 175,000 sq ft of high-quality speculative space with strong environmental credentials. Completion is expected within 18 months. London continues to experience a shortage of Grade A logistics space, with vacancy rates currently at 5%, highlighting the strong demand for premium assets that meet modern market standards. In a separate deal, M&G is providing MetroBox—a joint venture between Delancey and Tritax—with a £150 million refinancing loan (53% LTV) to replace an existing debt facility. This loan is secured against four prime retail warehouses in Guildford, Crawley, Luton, and Solihull, all of which are fully let to prominent tenants such as Next, B&Q, and Marks & Spencer. The retail warehousing sector is also experiencing record-low vacancy rates, with the current rate at around 4.6% nationwide and 4.4% recorded in July—the lowest since 2017. These deals highlight M&G’s ability to originate large-scale loans independently, without relying on third-party syndication. The assets secured by these loans showcase M&G’s expertise in underwriting investment-grade properties with positive credit profiles and growth potential. Dan Riches, Head of Real Estate Finance at M&G Real Estate, commented: “We remain committed to financing prime logistics and retail warehousing assets in strategic UK and European locations that meet the evolving needs of modern businesses. With e-commerce and manufacturing growth driving demand for Grade A logistics space, we continue to invest on behalf of our clients in well-located, high-quality assets.” George MacKinnon, Managing Director at PineBridge, added: “We are thrilled to have secured this financing with M&G, which enables the development of two sustainable, high-quality urban logistics assets in key London sub-markets where such facilities are in high demand.” A spokesperson from MetroBox also remarked: “Despite uncertainties in the debt market, we saw significant lender interest during this refinancing exercise. It’s been a pleasure working with M&G, whose competitive terms reflect the strong asset management success of our joint venture with Delancey and Tritax.” M&G’s £73 billion Private Markets division, which includes one of the world’s largest real estate investors, manages more than £40 billion in assets. Established in 2009, M&G’s Real Estate Finance team has deployed over £13 billion across the UK and Europe, investing on behalf of over 100 institutional investors globally. Building, Design & Construction Magazine | The Choice of Industry Professionals

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A2Dominion reports significant shift in investment to support service improvements for customers

A2Dominion reports significant shift in investment to support service improvements for customers

A2Dominion has published its Annual Report & Accounts for 2023/24, recording a turnover of £399.6 million (up by 2.7%) and an operating surplus of £48.7 million (up by 12.2%).   The housing association recorded an overall deficit of £21.0 million (2023: £12.8 million deficit) for 2023/24, which includes net interest charges and a reported downward movement in the valuation of investment property totaling £14.5 million.  The result reflects the Group’s decision, outlined in its new Corporate Strategy, to refocus finances on improvements to services and customers’ homes, as well as investing in building safety work. The last year saw a continued increase in investment in maintaining and improving properties to ensure customers’ homes are safe and comply with new regulations (£96.8m – 2023: £86.1m). The Group will also be investing approximately £612 million in customers’ homes over the next five years, in line with its 2030 vision to provide homes people love to live in.  The Group’s end-of-year performance has also been impacted by impairments on schemes in development and the costs of aborting potential developments as the Group continues to assess schemes’ feasibility. This reflects the Group’s new approach to property development, which focuses on regeneration and redevelopment of existing homes and neighbourhoods, and moves away from its previous emphasis on private sale homes via its FABRICA by A2Dominion brand.   In addition, the 38,000-home housing association decided to write-off the costs of a legacy IT programme and introduce a new approach to improving systems for customers and colleagues to drive service improvements and efficiencies that will be more cost effective in the medium term.  The change in direction for the London and South-East association is one of several initiatives that is helping to underpin work to improve its services and outcomes for customers, as well as return to a compliant regulatory grading after its regulatory downgrade in January 2024. The Group continues to review its cost base with several initiatives put in place to reduce costs and improve income generation.  Operating costs increased by 8.6% (2023: 17.1%) and continued to be affected by the rise in inflation including higher utilities and insurance costs of £4.8 million, with increases in: the costs of housing management including decants (£9.8m); leasehold (by £6.1m) and service charge (by £4.7m). Repairs costs increased by £7.7 million, driven by higher inflation, increased volumes of repairs and the cost of transitioning to a new joint venture repairs partnership.  In commercial activities, the Group’s end-of-year results were impacted by the planned reduction of its sales and development programme. Construction costs and delays also increased with some schemes rolling into 2024/25, leading to impairments on some current schemes (£12.6m).  A2Dominion’s balance sheet remains strong, with a Fitch A credit rating, more than £3.5bn of fixed assets and investments, and a reserves position of over £1bn.   With significant liquidity and a strong asset base, the Group has been taking the tough calls now to reset the business to ensure it is well prepared to meet the significant challenges faced across the wider housing sector in years to come so that we can do more to support customers and alleviate housing needs.   Ian Wardle, Chief Executive Officer of the A2Dominion Group, said: “Over the last year we’ve been open and transparent about the need to improve outcomes for our customers, all while dealing with the pressures of financial and regulatory change to the housing sector as a whole.    “Since I arrived at A2Dominion in 2022, the Board has been clear we needed to simplify the organisation and return to the roots and beating heart of a housing association, moving away from being a residential property group.  “This means we have had to take some tough calls to reset and pivot the organisation. These difficult decisions are being taken for the right reasons to support service improvement, adjust our development focus and write off some historic costs that we don’t believe will deliver what we need for customers and colleagues.  “Our strategic priorities outlined in this report look set to help achieve value for money, working first and foremost with – and listening to – customers, as well as other stakeholders to prioritise investment in our core services and communities.    “Although the Group’s profitability continued to come under pressure from economic constraints, we’ve already taken action to reduce costs and improve income generation.  But there is still work to do. “Our underlying financial strength and potential is strong, and we will return to profitability as part of the improvements we are making.”  Building, Design & Construction Magazine | The Choice of Industry Professionals

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MBO at Midlands workplace consultancy Blueprint Interiors

MBO at Midlands workplace consultancy Blueprint Interiors

The management team has successfully completed a buyout at leading workplace consultancy and commercial interior design firm, Blueprint Interiors. Rachel Biddles and Chloe Sproston have taken ownership of the business, which will see chairman and founder Rob Day take a step towards retirement and his passion for community-led projects for the company. Operations director Rachel Biddles and creative director Chloe Sproston have been with Blueprint Interiors for 22 and 19 years respectively, having played a significant part in its innovation and growth over the years. The new ownership marks a new chapter for the Ashby-based business – as it celebrates a record 12 months of trading and secures significant projects with household names in 2025. Set up by Rob 23 years ago, Blueprint Interiors continue to shape the future of workplace design, meeting the evolving needs of employer and employee. Rachel Biddles, said: “This has been three years in the planning and it’s wonderful to be able to share the news with the industry. While it’s a strategic move, it has felt a natural transition with Chloe and me being in the business for such a long time. “With a very busy order book and some big projects to announce in the coming months, there is plenty for Chloe and me to deliver and celebrate. This new ownership will enable us to continue to drive forward innovation and quality in workplace design, which is what Blueprint is known for.” Chloe Sproston, said: “Rob has passionately created a vibrant company with strong ethics and values. His success is significant and he has been a fantastic mentor to Rachel and me. “We have always had a clear sense of who we are at Blueprint, our expertise, and our desire to provide the best experience for our clients. We love this company and have always treated it as our own, so to now be a co-owner is incredibly rewarding. “I want to thank Rob for putting his trust in us to take things forward, and the dedicated team who Rachel and I will be working alongside in this next phase of organic growth and expansion.” Rob Day, said “As we celebrate 23 years in business and a number of recent talent acquisitions, we now also celebrate this exciting new chapter for Blueprint. “This has been a long time in the planning and I feel grateful and proud that Chloe and Rachel will now take the business forward. They have been instrumental in creating the company we have today so it couldn’t be in better hands. “Their commitment to Blueprint along with their ambition, vision and sheer talent, ensure the ongoing success of the company, providing clients with our unique services and nurturing the best team in the business. “Now is the perfect time to hand the reins over, whilst I’ll remain in my role as chairman and founder, as well as continuing to help drive our community and social value activities. There may also be some sailing on the horizon for me as I relish a little more free time! I wish Chloe, Rachel and the team the very best for the future and look forward to seeing their continued success.” Blueprint Interiors follow the WELL Building Standard; a universally recognised benchmark which puts mental wellbeing and emotional health as key considerations when creating productive workplaces. The Standard helps organisations to optimise their workplaces around the health and wellbeing of their people, which allows teams to be their very best selves. Building, Design & Construction Magazine | The Choice of Industry Professionals

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