Henley Investment Management has announced that Salford City Council has granted approval for the transformative £1.3 billion Regent Park development, set to create a sustainable, mixed-use neighbourhood offering housing, jobs, and community amenities. Located just outside Manchester city centre, the project will redevelop the 130,000 sq ft Regent Retail Park, one of Salford’s designated Local Centres. The scheme will retain substantial retail space while introducing a mix of residential, retail, and community uses to support both day and night-time activity. The new retail offering will include approximately 15 units totalling 86,000 sq ft, accommodating a combination of local independent businesses, high-street brands, and service providers. Henley has confirmed that all existing retailers will be invited to return after redevelopment. Designed by Matt Brook Architects, the masterplan will create a placemaking-led urban quarter across ten buildings delivered in two phases. Certain parts of the centre will remain operational during construction to minimise disruption and maintain services for the local community. The development will provide up to 3,300 new homes, including 660 affordable units, marking Salford’s largest affordable housing initiative in over 50 years. By redeveloping a brownfield site, Regent Park aims to reduce pressure on greenbelt land while delivering high-quality, energy-efficient housing. At the heart of the scheme lies five acres of public open space, including the 3.5-acre West Union Park, children’s play areas, and a village square designed for pop-up events. A dedicated Community Forum will offer a shared space for residents and occupiers, while the green infrastructure will enhance biodiversity and deliver a net environmental gain. Ian Rickwood, Chief Executive of Henley Investment Management, said: “Our approved scheme for Regent Park will deliver a new green and sustainable neighbourhood, a renewed local centre for Salford. Our plans recognise the importance of retail and services for the community, retaining significant enhanced provision that will cater to the needs of local people, while delivering much needed high-quality homes, including a significant proportion of affordable homes, a new park, a village square and community forum. “We look forward to continuing to work with Salford City Council, stakeholders and the local community to deliver our vision.” Building, Design & Construction Magazine | The Choice of Industry Professionals

Genr8 Kajima Regeneration Ltd (GKRL), in partnership with Knowsley Metropolitan Borough Council (KMBC), has submitted a hybrid planning application for St Michael’s Place, a major £200 million regeneration project at the heart of Huyton Village. The scheme aims to transform Huyton Town Centre into a vibrant, mixed-use destination, with proposals including new homes, high-quality commercial space, a 130-bed hotel, and the creation of a central village green alongside significant public realm improvements. The plans also include the development of a community hub on Derby Road and the conversion of the Lathom Road multi-storey car park into a sustainable travel hub, supporting greener transport options. Together, these proposals are expected to attract inward investment, create new jobs, and deliver long-term social and economic benefits for local residents and businesses. The planning submission follows a four-week public consultation held in April and May 2025, which saw more than 5,000 people visit the consultation website and over 80 residents attend in-person events. The consultation process gathered valuable community feedback to refine and shape the plans ahead of submission. According to GKRL, community input has played a crucial role in the final proposal, ensuring the regeneration reflects local priorities and promotes an inclusive, sustainable town centre. Feedback revealed strong public support for increased green space, with residents viewing it as essential for improving the town’s appearance and supporting wellbeing. Participants also welcomed plans for high street revitalisation, expressing a desire for more independent shops, cafés, and restaurants. Concerns around affordable housing and accommodation for older residents were also raised and have been incorporated into the revised plans. If approved, the St Michael’s Place project will mark a significant milestone in Huyton’s regeneration, creating a modern, accessible and community-focused town centre for the future. Building, Design & Construction Magazine | The Choice of Industry Professionals

Reading’s long-awaited Minster Quarter regeneration has taken a major step forward after the council signed a £250 million development agreement with McLaren Living. The deal clears the way for one of the town’s most significant urban renewal schemes in recent years, transforming a prominent brownfield site into a new mixed-use neighbourhood. The 5.2-acre site, previously occupied by the town’s Civic Centre, will be redeveloped to deliver more than 600 new homes, of which 30% will be affordable. Alongside the residential element, the plans include 40,000 sq ft of workspace, new shops, food and drink venues, and a 102-bed hotel – all centred around a new civic square in front of The Hexagon Theatre. The project will also deliver a new community hub and upgraded public spaces connecting Reading Minster and the market on Hosier Street. McLaren Living’s design aims to create a vibrant new quarter that blends homes, culture, leisure, and workspaces in a central and accessible location. The scheme will prioritise sustainability and placemaking, with green spaces, pedestrian-friendly routes, and improved links to existing cultural and retail destinations across the town centre. The developer is already playing a major role in Reading’s urban transformation, leading the nearby Broad Street Mall redevelopment, which will bring hundreds of additional homes and new commercial opportunities to the area. Combined, the two projects represent a pipeline of around 1,200 new homes, helping to meet local housing needs while reinvigorating the heart of the town. A spokesperson for McLaren Living said the Minster Quarter represents “a once-in-a-generation opportunity to redefine Reading’s civic and cultural core” and will be delivered in partnership with the local community and stakeholders. For Reading Borough Council, the agreement marks a major milestone in a long-term ambition to revitalise the town centre and repurpose underused land for housing and economic growth. Construction is expected to start following detailed design and planning work, with the scheme set to act as a catalyst for wider regeneration across central Reading. Once complete, the Minster Quarter will deliver a new destination that celebrates Reading’s history while providing the modern homes, amenities, and public spaces needed for its future. Building, Design & Construction Magazine | The Choice of Industry Professionals

Great Portland Estates (GPE) has finalised the sale of its prominent mixed-use building at 1 Newman Street, London, to Royal London Asset Management in a deal worth £250 million. The transaction reflects a net initial yield of 4.48%, underscoring sustained investor confidence in prime West End real estate. Situated on the northern side of Oxford Street, directly opposite the Elizabeth line entrance on Dean Street, 1 Newman Street offers 121,300 square feet of high-quality office and retail accommodation. The property spans basement, lower ground, ground, and seven upper floors, with design features that cater to modern occupier demands, including private roof terraces on the second and seventh floors and a 3,100-square-foot communal terrace on the eighth. The building is currently multi-let to nine tenants and produces an annual rent of approximately £11.9 million. The weighted average unexpired lease term sits at 6.4 years to the earlier of tenant break or lease expiry, providing stable income for its new owner. Hugh Morgan, director of portfolio management at GPE, described the transaction as the conclusion of a successful redevelopment journey. “The sale of 1 Newman Street marks the culmination of an exceptional journey for this redevelopment project. We’ve delivered a best-in-class office and retail building in the heart of the West End, and this transaction crystallises our returns while enabling us to reinvest the proceeds, including into the next phase of our exciting development pipeline,” he said. The sale highlights ongoing demand for well-located, high-quality assets in London’s West End, despite wider market uncertainty. With the Elizabeth line continuing to enhance connectivity and footfall across Oxford Street, the area remains one of the capital’s most desirable commercial destinations. For GPE, the disposal forms part of its strategy to recycle capital from completed projects into new development opportunities. For Royal London Asset Management, the acquisition represents a strong addition to its London portfolio, offering both steady rental income and long-term growth potential. The deal reinforces investor appetite for resilient, sustainable, and well-connected properties in central London, with 1 Newman Street standing out as a benchmark for contemporary mixed-use design. Building, Design & Construction Magazine | The Choice of Industry Professionals

Oval Real Estate has secured planning permission for a landmark, mixed-use cluster beside Albert Bridge on the River Irwell, reshaping a central Manchester site currently occupied by surface car parks and the ageing 18-storey office block that lent the scheme its name. The revised proposals, designed by Studio Egret West, pivot the development towards homes in response to changing market conditions. Two octagonal residential towers will rise to 49 and 37 storeys, joined by a scaled-down 18-storey commercial building. In total the trio is expected to cost around £350m to deliver, with the office element accounting for just over £100m. Housing capacity has doubled versus the 2023 consent, with approximately 800 apartments now planned. The residential offer emphasises liveability: dual-aspect layouts to improve daylight, cross-ventilation and views across the city, alongside communal amenity set within a re-greened public realm. The commercial block has been reworked to target Net Zero Carbon in operation, pairing a thermally dynamic façade with smart climate systems to support Manchester’s 2038 carbon-neutral ambition. A significant public realm strategy sits at the heart of the scheme. More than 5,700 sq m of new streets and spaces will be created, opening up walking and cycling routes between Parsonage Gardens and the Irwell. An “Urban Arboretum” retains mature trees and layers in new planting, aiming to stitch the river edge back into the city and provide a biodiverse buffer for residents and office users alike. The project team includes Gardiner & Theobald as cost consultant, AKT II as structural engineer and Hoare Lea leading MEP design. Together they will navigate the site’s technical challenges, including foundation interfaces from the existing office block and delivering high-rise residential cores alongside a high-performance office on a constrained plot. For Manchester, the approval reflects a broader realignment of city-centre development—prioritising high-density homes, best-in-class workplace and generous public realm over single-use blocks. If delivered to the current specification, Albert Bridge House will add a distinctive silhouette to the skyline while unlocking a riverside route long hidden behind car parking, signalling confidence in the city’s continued growth and a push for more sustainable, people-first urbanism. Building, Design & Construction Magazine | The Choice of Industry Professionals

Studio Egret West and Oval Real Estate have received planning approval for the redevelopment of Albert Bridge House, a landmark project set at the historic junction between Manchester and Salford, where Albert Bridge spans the River Irwell. The approved scheme will transform a car park-dominated site, currently occupied by vacant mid-century office building, including the 18-storey Albert Bridge House, into a vibrant mixed-use quarter that reconnects the area with the river and surrounding neighbourhoods. The new design represents a refined evolution of the previously consented 2023 plans, which proposed a single residential tower and a large commercial block. In response to changing market conditions, the updated scheme now features three distinctive buildings, maintaining the same design ambition while delivering a more balanced urban composition and a striking addition to the Manchester skyline. The development will comprise: The proposals also include 5,780 sqm of new public realm, introducing new pedestrian and cycling routes linking Parsonage Gardens to Trinity Bridge and King Street West to the River Irwell. At its heart, an Urban Arboretum will anchor the central square, preserving mature trees and enhancing biodiversity with additional native and non-native planting. Building, Design & Construction Magazine | The Choice of Industry Professionals

Hammerson’s plans to transform an underused city centre car park into a vibrant new mixed-use neighbourhood called the Edgbaston Street Gardens have been approved. This paves the way for a major regeneration project in the heart of Birmingham. The Edgbaston Street Gardens development, located adjacent to the Bullring, has the potential to deliver up to 745 new apartments or 1,544 student rooms, or a combination of both. Detailed designs will be finalised ahead of demolition work, expected to begin in late 2027, with construction anticipated from 2028 onwards. The scheme forms a key part of Birmingham’s broader city centre regeneration strategy, directly addressing local priorities around housing, sustainability, transport, and urban renewal. Plans include the creation of new green spaces, community amenities, commercial areas, and extensive public realm improvements designed to better connect the Bullring with neighbouring districts such as Digbeth and Smithfield. Hammerson, a long-term investor in Birmingham since the late 1990s, is already well established in the city’s development landscape. The company was responsible for funding and managing the original Bullring redevelopment, and earlier this year became the sole owner of the Bullring and Grand Central for the first time — a move underscoring its continued commitment to Birmingham’s growth. Since 2021, Hammerson has repositioned more than 400,000 sq ft of retail space in the city, introducing new flagship stores and first-to-region brands including Sephora, Pull&Bear, Space NK, and Uniqlo. The Bullring has also diversified its offer with a broader range of food and leisure experiences, now featuring the largest M&S in the Midlands. Building, Design & Construction Magazine | The Choice of Industry Professionals

Derwent London has announced a strategic partnership with Related Argent to transform one of the last major regeneration plots in central London, located at Old Street. The collaboration will focus on redeveloping the 2.5-acre former Moorfields Eye Hospital site, situated close to the capital’s tech hub around Silicon Roundabout. Early studies have confirmed the potential for a substantial mixed-use campus, which could redefine this part of the city’s urban landscape. Completion of the site acquisition is expected in late 2027, after which the partners will work together to secure planning consent for a “living-led” masterplan. The proposals are set to explore a broad mix of uses, including residential, co-living, student accommodation, offices and hotel space. The development framework is being designed to give Derwent London maximum flexibility in how the project is delivered, with options ranging from joint ventures and forward funding to individual plot sales. Related Argent was selected through a competitive tender process, with its proven expertise in large-scale regeneration — demonstrated by landmark projects such as King’s Cross and Brent Cross Town — cited as a key factor in the decision. Paul Williams, chief executive of Derwent London, described the Old Street Quarter as “an exciting regeneration opportunity for one of the few remaining significant island sites in central London.” He continued: “We have actively explored a number of options to ensure we deliver the best possible regeneration and, as part of a competitive tender, Related Argent showcased their extensive experience in master planning this type of large-scale project.” Tom Goodall, chief executive of Related Argent, added: “Together, we will draw on our collective experience leading complex, mixed-use developments to successfully bring forward this site — propelled by a shared ambition to bring long-term value to London.” Once complete, the Old Street project is expected to deliver a new benchmark for mixed-use regeneration, combining residential, commercial and community spaces to create a vibrant new destination in the heart of the city. Building, Design & Construction Magazine | The Choice of Industry Professionals