Railpen, manager of around £34 billion of assets on behalf of the railways pension schemes, has named Skanska and Morgan Sindall as main contractors for the first two of its major developments in Cambridge, Botanic Place, a 540,000 sq ft sustainable office scheme, and Devonshire Gardens, a 120,000 sq ft
Specialist UK Development Manager, Bankfoot APAM, has appointed Beard Construction as the Main Contractor for the transformative £24.5M redevelopment of Bristol’s One Friary building. This flagship project is being delivered on behalf of Britannia Invest A/S and is set to commence in April 2024. Once complete, it will provide 80,000
CBRE has announced its new headquarters in Glasgow has achieved one of the UK’s highest sustainability ratings. The global real estate advisor’s offices at 177 Bothwell Street have been awarded a coveted BREEAM ‘Excellent’ rating from the Building Research Establishment (BRE), placing it in the top 10% of fit-out projects
One of the world’s global engineering consultancies is moving into its new ‘home for big ideas’ in central London, after a 12-month transformation into a model of excellence showcasing its multi-disciplinary and sustainability capabilities to clients from across the world. Growing from 510 employees in 2019 to 720 in 2024,
Global engineering consultancy Arup has officially opened its new Midlands base – one of its five largest global hubs – at Paradise Birmingham’s One Centenary Way, welcoming clients and contacts to mark the occasion. Arup was a major contractor to Birmingham City Council supporting it to deliver the Birmingham 2022
Barwood Capital (“Barwood”) has celebrated the topping out of Explore, its new Grade-A office building in Richmond. The scheme will provide best-in-class office space with leading ESG credentials to the South East market. Formerly known as Eton House, the building was acquired by Barwood’s Regional Property Growth Fund IV in
Bhangals Construction Consultants, an award-winning construction consultancy, has relocated to a newly refurbished two-storey office space in Northampton. The company spent months meticulously planning and designing the new office, in Grange Park, which offers open plan working, as well as dedicated meeting rooms, a kitchen and staff breakout areas. All
Henry Boot Construction, part of the Henry Boot Group, has officially completed work on Elshaw House, the flagship office development within Heart of the City. The exceptionally-designed building, with its striking black metal façade, has already become a standout aspect of Sheffield’s evolving skyline. Located between Wellington Street and Carver
Parthena Reys acquires Manchester’s largest office building CBRE’s Investment Properties team in Manchester has successfully advised Parthena Reys on the strategic acquisition deal of the 365,542 sq ft One Hardman Boulevard, Manchester’s largest office building, in the heart of Spinningfields. Investment company Parthena Reys has acquired the landmark building from
Bradford’s One City Park office scheme, delivered by Muse in partnership with Bradford Council, is now complete and contracts have been exchanged with a corporate anchor tenant, to be announced in the coming weeks. The landmark city centre building was delivered on schedule, a major feat for a scheme of
Railpen, manager of around £34 billion of assets on behalf of the railways pension schemes, has named Skanska and Morgan Sindall as main contractors for the first two of its major developments in Cambridge, Botanic Place, a 540,000 sq ft sustainable office scheme, and Devonshire Gardens, a 120,000 sq ft mixed-use development. Both projects are being developed by Socius on behalf of Railpen. Skanska, one of the UK’s leading contractors, has secured the £200 million contract to build Botanic Place, which is set to be the most sustainable speculative office scheme outside of London. Architect AHMM has designed the buildings to achieve BREEAM Outstanding, WELL and Wired Scored ‘Platinum’ ratings. The workspaces will prioritise energy efficiency to stay warm in the winter and cool in the summer while using 70% less energy than traditional office buildings, and will be powered using renewable energy sources. Inspired by the nearby Cambridge University Botanic Garden, which can be viewed from the offices, the buildings’ quality and specification will be market defining. The project will also involve preserving the historic public house, The Flying Pig, which is located on the development site, and the creation of 15,000 sq ft of internal amenities, events, and F&B space, alongside 40,000 sq ft of terraces on multiple levels for both private and communal uses. Elsewhere in Cambridge, Railpen has also appointed Morgan Sindall, the British construction and regeneration group, to construct Devonshire Gardens, in a £77 million contract. Devonshire Gardens will comprise a new community connected by a landscaped park, supporting Railpen’s vision to create a majority car-free neighbourhood. Located in the heart of Mill Road, Morgan Sindall will deliver up to 150,000 sq ft of commercial space, 70 apartments, 8,500 sq ft of F&B space, and 1.55 acres of public open spaces. Richard Van Lente, Senior Asset and Development Manager at Railpen, said: “The appointment of both Skanska and Morgan Sindall marks a significant moment within our Cambridge portfolio as we work to deliver best-in-class assets and generate strong long-term returns for our members. We look forward to witnessing these projects come to fruition and continuing our long-lasting commitment to Cambridge with support from the council and key local stakeholders.” Doug Higgins, Development Director at Socius, also commented: “Botanic Place and Devonshire Gardens will be fantastic additions to the community of Cambridge, with Skanska and Morgan Sindall driving forward our shared vision with Railpen to deliver inspiring, sustainable and valuable assets for the city. With their expertise and proficiency, we are on track to provide a new benchmark for other developers and investors to follow, paving the way for an enhanced future within Cambridge and the wider area.” Morgan Sindall is set to begin works on Devonshire Gardens in April, and Skanska is due to start on-site at Botanic Place in July, with estimated completion dates of April 2026 and March 2027 respectively. Building, Design & Construction Magazine | The Choice of Industry Professionals
Specialist UK Development Manager, Bankfoot APAM, has appointed Beard Construction as the Main Contractor for the transformative £24.5M redevelopment of Bristol’s One Friary building. This flagship project is being delivered on behalf of Britannia Invest A/S and is set to commence in April 2024. Once complete, it will provide 80,000 sq. ft. of best-in-class office accommodation in the heart of Temple Quay. One Friary, a well-established office building situated opposite Bristol Temple Meads Railway Station, will undergo a comprehensive redevelopment, adding three new floors on top of the existing structure and introducing a new high-performance GRC façade. Beard Construction, who are a leading regional contractor, have been appointed as Main Contractor to deliver the project. Chris Moore, Managing Director of Bankfoot APAM, emphasised the company’s commitment to modern, flexible and sustainable workspace, stating, “One Friary is a prime example of our dedication to delivering sustainable workplaces, with One Friary in Bristol being one of a number of highly sustainable development schemes being delivered across the UK. We are hugely excited about the project and we believe it will be one of the best buildings to work in Bristol once finished.” Matt Cooper, Beard’s Bristol Director, said “This exciting flagship project puts sustainability front and centre – the carbon savings through the reuse of the building’s existing structural frame will be significant. Drawing upon our extensive track record in sustainable redevelopment and our modern construction management skills, we are perfectly placed to deliver this project with Bankfoot APAM.” The redevelopment focuses on maximising sustainability by reusing 99.5 per cent of One Friary’s existing structural frame, supporting Bankfoot APAM’s ethos of delivering sustainable, forward-thinking real estate solutions for the next generation of working environments. Patrick Vincent, Senior Development Manager for Bankfoot APAM, outlined their methodology, “We aim to reuse as much of these existing buildings as allows, future-proofing the underlying asset while aligning them to a forward-facing investment strategy. This work happens at every stage of the project and is a key factor when it comes to creating long-term successful outcomes. Once redeveloped, One Friary will offer grade-A office space and premium amenities, including a roof terrace and high-quality end-of-journey facilities.” The project is set to achieve BREEAM Excellence, as well as NABERS and WELL certification evidencing Bankfoot APAM’s commitment to creating environmentally conscious and occupant-friendly spaces. Building, Design & Construction Magazine | The Choice of Industry Professionals
CBRE has announced its new headquarters in Glasgow has achieved one of the UK’s highest sustainability ratings. The global real estate advisor’s offices at 177 Bothwell Street have been awarded a coveted BREEAM ‘Excellent’ rating from the Building Research Establishment (BRE), placing it in the top 10% of fit-out projects in the UK. CBRE relocated more than 400 employees to the landmark development in January last year as part of a consolidation plan to merge three offices into one and enhance collaboration. The agency occupies the building’s ground floor extending to 18,000 sq ft. 177 Bothwell Street’s existing green credentials were a key factor in CBRE selecting it for its West of Scotland hub. It utilises 100% green power from a local source, supporting the advisor’s commitments to reduce carbon emissions. The building also features impressive wellness amenities such as a rooftop running track, seating areas and spa-quality changing facilities. David Smith, Managing Director of CBRE Scotland, said: “This fantastic excellent rating was achieved thanks to the collaboration of an in-house CBRE team which included Designers, MEP, Project Management and BREEAM Assessors. “Unusually, no comments or suggested actions for improvement were raised by BRE on the BREEAM documentation, which is a real testament to the hard work our team put into this.” Smith added: “It is important that we are able to demonstrate to our clients that a commitment to reducing the impact office buildings have on the environment should always be at the core of any real estate decision-making process.” The BREEAM excellent rating for 177 Bothwell Street falls within CBRE’s ESG commitments, with over half the buildings occupied in the UK now holding a green certification. Giulia Mori, Health and Wellbeing Lead, ESG Consultancy, CBRE UK added: “The achievement of the BREEAM standard for 177 Bothwell Street is another major milestone towards CBRE’s ESG commitments, and it demonstrates best practice since this office is only one of seven projects achieving BREEAM Excellent in Scotland. “The smooth achievement of the certification for this project is testament to the amazing team who participated in the process and the accuracy of the evidence provided.” BREEAM is the most widely used sustainability certification in the UK. Its requirements measure the environmental performance of a building under construction or undergoing refurbishment by assessing factors such as materials, waste, energy and water. Building, Design & Construction Magazine | The Choice of Industry Professionals
One of the world’s global engineering consultancies is moving into its new ‘home for big ideas’ in central London, after a 12-month transformation into a model of excellence showcasing its multi-disciplinary and sustainability capabilities to clients from across the world. Growing from 510 employees in 2019 to 720 in 2024, the new office re-location is a reflection of this growth. Buro Happold’s London-based employees will work across 31,000 square feet and four floors of cutting-edge office space of the Featherstone Building on City Road, EC1. Buro Happold met the challenge of maintaining the building’s already impressive BREEAM Outstanding rating with its fit-out. The base build office also achieves both LEED (Leadership in Energy and Environmental Design) Platinum, Wired Score Platinum and with the fit out an additional Well Building Standard Platinum status for achieving exemplary environmental, sustainability, efficiency and health & wellbeing criteria is being delivered. To meet its own exacting needs, Buro Happold worked closely with global architecture, design, and planning firm Gensler to shape and design its workspaces, after listening to the views and ideas of its staff including through Town Hall sessions and sustainability and workplace focused working groups. Inclusive design and wellbeing are central to the new space, with a variety of quieter spaces, and busier spaces for collaboration, parent and multi-faith rooms, as well as a dedicated landscaped terrace area. Buro Happold led on sustainability, MEP, acoustics, lighting and inclusive design, as well as the inclusion of a structurally engineered set-piece timber staircase connecting floors five and six. Q Flow software was used to track the sustainable origin of all materials throughout the design process and underpin the high level of certification needed to meet the standards. Smart building technology has been installed to monitor heating and lighting performance in real-time as well as workspace utilisation, helping optimise building performance, wellbeing and productivity. To harmonise all of these innovative new elements, an easy-to-use smart-phone app has been created to access the building, book workspace and meeting rooms, and to provide staff with improved user experience and real-time updates. Justin Phillips, London Office Director, said: “We wanted to create a workplace that embodied the excellence of our staff within it. Collaboration was essential to this process, and we engaged with our staff early-on to understand what was really important to them. “Our mix of needs is very different as we continue to evolve from traditional engineers to multi-disciplinary experts and advisors, and the design of this office reflects that. “We’re proud of our new London home we’ve created. It’s not only a great place to be, but it also aligns with our ambitious sustainability goals and those of many of our clients across the world. I’m really excited about the potential of what we imagine and create here with our clients and collaborators in the transformative years ahead.” Becky Spenceley, Design Director, Gensler said: “We are delighted to have partnered with Buro Happold to design their new London headquarters. At Gensler, we strive to implement circular and resilient design solutions, setting new standards for an eco-friendly built environment. “Our design at the Featherstone Building has established an innovative and sustainable workplace design focused around honest materiality, celebrating structure and re-use furniture. It is a reflection of Buro Happold’s brand and values, and showcases an exciting variety of work and social spaces for employees and clients.” Choice of materials, features and design was also essential to ensuring the new office was as inclusive as possible. Drawing on expertise from within, Justin sought expertise from its Senior Inclusive Design Consultant Jean Hewitt on designing its spaces for inclusivity and neurodiversity. Jean is one of the leading practitioners in the field of inclusive design and is the UK Government’s Disability and Access Ambassador focusing on the built environment. Buro Happold works for a diverse range of private and public sector clients across multiple areas and is proud to have delivered many of London’s landmarks including Battersea Power Station, O2 Arena (Millennium Dome), The Michael Uren Biomedical Building, 5 Broadgate, Emirates Stadium, Tottenham Hotspur Stadium, and Stratford Waterfront. The Featherstone Building is a short distance from Old Street and Liverpool St underground stations and opposite the iconic White Collar Factory campus. Building, Design & Construction Magazine | The Choice of Industry Professionals
Global engineering consultancy Arup has officially opened its new Midlands base – one of its five largest global hubs – at Paradise Birmingham’s One Centenary Way, welcoming clients and contacts to mark the occasion. Arup was a major contractor to Birmingham City Council supporting it to deliver the Birmingham 2022 Commonwealth Games, helping to deliver the Alexander Stadium, transport and infrastructure improvements city wide, as well as the Perry Barr masterplan, and the Sandwell Aquatics Centre. Establishing a national and international centre of excellence for Arup in the Midlands, with nearly 800 staff and offering more than 90 specialist services UK-wide, the multi-million-pound investment cements Arup’s commitment to Birmingham and the region as a global business destination. Last year, the local Arup team worked on hundreds of projects locally and globally, supporting the delivery of more sustainable buildings, infrastructure, public spaces, and communities, and bringing the best of global expertise to the area. Arup’s move to the city centre is designed to attract local talent and aid the growth of the West Midlands as an innovation and skills hub. The new office location will bring Arup closer to schools, colleges and universities, ensuring stronger links to education and more opportunity to attract, grow and retain diverse industry talent locally. Based in the heart of the city, Arup’s public-facing activity hub on the ground floor, ‘The Gallery’, will be a space Arup staff are able to work alongside local partners and neighbours to deliver community based, and charitable activities. Speaking at the launch event, Andy Street, Mayor of the West Midlands, said: “Arup’s move back into the heart of Birmingham city centre is a tremendous endorsement of all that our region has to offer a global player of Arup’s stature. “This kind of major investment is just the type we envisaged when we worked on the Enterprise Zone more than a decade ago – bringing to life our vision of a new city business district generating jobs for local people. “I know that this announcement will help equip young people from a wide variety of backgrounds with the skills, apprenticeships and opportunities they need to succeed. I cannot wait to see lives changed for the better in the months and years ahead. My thanks to Arup for helping to make that possible.” Understanding that the future office needs to compete with highly personalised home working arrangements, a variety of workplace settings, social areas, wellbeing areas, creative spaces and focus zones have been provided in the new Arup Midlands HQ. The new range of flexible workspaces is designed specifically to support collaboration, convening stakeholders and hosting events. Cem Budak, Arup Midlands Leader, said: “We are excited to officially open our new Midlands hub located in the heart of Birmingham, the UK’s second city. We are eager to build on six decades of expertise in Midlands and the opening of the new office will bring us closer to key decision-makers, clients and collaborators, helping to foster innovation and creativity across the region. “We helped to shape and design the space at One Centenary Way, which is undoubtedly one the finest commercial locations in the city. It is a space that our people already love working in and which helps them to engage with our clients and communities while exporting Birmingham skills and expertise around the world.” The new office plays a significant role in Arup’s ambition to reach net zero carbon by 2030. Arup worked closely with developer MEPC on One Centenary Way, which is the first building within the Paradise estate with all-electric heating and hot water systems, as well as SMART technology that enables continuous office adaptations around utilisation, comfort, and energy consumption. James Watts, Arup Birmingham Office Leader, said: “We are very proud that our new office is a showcase for our commitment to delivering sustainable solutions and our net zero carbon aspirations. We anticipate that our move will reduce travel emissions by over 60% and we will save over 1,100 tonnes of CO2 a year from our own staff commutes. Initiatives such as biophilic design, natural sheep wool wall insulation and a recycled material pallet will put our circular economy values into action while increasing staff connectivity with nature. “In addition, the office also ensures our knowledge and global expertise are easily accessible to local clients and collaborators, allowing us to continue to provide innovative solutions and long-lasting value.” Arup’s work in the Birmingham region for the last 60 years has helped shape the local landscape including major public buildings and developments from the NEC and ICC to commercial office buildings and new public realm like that created at Brindley place and Paradise in Birmingham. Arup’s major role in delivering the Birmingham 2022 Commonwealth Games and supporting infrastructure in and around Birmingham helped secure a meaningful legacy for the Games in the Midlands. Building, Design & Construction Magazine | The Choice of Industry Professionals
Barwood Capital (“Barwood”) has celebrated the topping out of Explore, its new Grade-A office building in Richmond. The scheme will provide best-in-class office space with leading ESG credentials to the South East market. Formerly known as Eton House, the building was acquired by Barwood’s Regional Property Growth Fund IV in December 2021 with the aim of repositioning it to prime sustainable office space. The project has involved a full back-to-frame refurbishment, including an additional floor of accommodation and a roof terrace as well as extensive common areas, garden and amenity space. Delivering much-needed high quality office accommodation, Explore offers 45,000 sq ft of space and is targeting BREEAM Excellent, Net Zero in operation and an EPC A rating. Measures to support energy efficiency and biodiversity include enhancing greening and planting opportunities in both the common areas and private spaces plus electric vehicle charging points. The redesign also focuses on measures to support employee health and wellbeing, with amenities including 42 cycle parking spaces, communal lounge, a gym plus changing rooms and showers. The scheme has secured WiredScore Gold and is targeting Fitwell accreditation. The refurbishment has been carried out by RED Construction Group, with Moorevale the development manager for the scheme. A ceremony was held on 10th January, where members of the team gathered to celebrate the building’s topping out. Adam Smith, Asset Management Director at Barwood Capital, said: “Demand for high quality, sustainable and amenity focused office space remains strong in Richmond, where there’s a shortage of Grade-A accommodation. With sustainability and wellbeing at the forefront of the design, Explore delivers a best-in-class option that meets the priorities of businesses today.” Mark Iori, Managing Director at RED Construction London, commented: “We are incredibly proud of the role we have played in completely reimagining this scheme from inside-out, creating a high-calibre, future-proofed office product in Richmond. The elements of this milestone scheme called on many of RED Construction Group’s technical specialities and capabilities, and we have enjoyed working alongside such a skilled team for Barwood Capital’s multi-million-pound development. Explore now serves as another example of RED’s experience remodelling existing sites as prime sustainable office space, evolving the workplace with employee mental health and wellbeing at its core.” Charlie Bishop, Director at Moorevale, added: “As well as its excellent residential provision and good local schools, Richmond enjoys a thriving food and drink scene and has much to offer for businesses and their employees. Quick access to the centre of London via train, plus close reach to the M4, M3 and beyond, further adds to the town’s appeal and we’re expecting strong demand for space at Explore Richmond.” Andrew Willcock and Oliva Jones of Savills are acting as joint agents alongside Chris Bulmer and Clare Lane of Bray Fox Smith. Building, Design & Construction Magazine | The Choice of Industry Professionals
Bhangals Construction Consultants, an award-winning construction consultancy, has relocated to a newly refurbished two-storey office space in Northampton. The company spent months meticulously planning and designing the new office, in Grange Park, which offers open plan working, as well as dedicated meeting rooms, a kitchen and staff breakout areas. All the desks have been purpose built to fit the ample space, and the renovations have been completed to the highest standard to enable the best possible working environment for staff. A yet to be opened upstairs space will soon also provide a versatile events area for both Bhangals staff and the wider business community. The entire space totals 7,500 square feet. The move, which has rehoused the company’s 30-strong workforce, will allow for further growth as managing director Parm Bhangal adds to the team. It comes just five years after the company doubled the size of its previous office space by taking over the office next door. Parm said: “I am very proud and excited to finally share our new office space with everyone. This has been in the works for over a year, and after months of meticulous planning and renovations, it’s great to see the team settled into their new home. I had a very specific vision in mind – an office space that not only fosters collaborative working but also stands out in a way people haven’t seen before. “It’s been a massive project, and I won’t deny there were moments of stress, however, the outcome is truly worth it, and I take pride in the modern and inviting atmosphere we’ve created. We really thought about our team and our clients throughout the entire process. Their needs and expectations were at the forefront of our decisions so, it’s really satisfying to see them settle into their new office space and bring their enthusiasm into the workspace. We thank our team for their continued support and hard work and look forward to continuing our growth. “I can’t wait to see what our incredible team achieves in this space. Welcoming our clients here adds another dimension to our ability to serve and collaborate effectively. The new office is not just a physical space; it’s a vibrant home for our collective success and growth.” Building, Design & Construction Magazine | The Choice of Industry Professionals
Henry Boot Construction, part of the Henry Boot Group, has officially completed work on Elshaw House, the flagship office development within Heart of the City. The exceptionally-designed building, with its striking black metal façade, has already become a standout aspect of Sheffield’s evolving skyline. Located between Wellington Street and Carver Street in Sheffield, it is the city’s first zero carbon-ready office building, incorporating 70,000 sq ft of flexible workspace across seven floors. With Henry Boot Construction now finished on-site, Elshaw House is ready for occupiers to move in and tailor their own bespoke fit-outs. A key part of the transformational Heart of the City masterplan – led by Sheffield City Council and their Strategic Development Partner, Queensberry, the innovative design reduces overall operational energy use. It has achieved an “excellent” five-star NABERS UK rating, placing it in the top 1% of office buildings in the country for energy efficiency. Elshaw House also boasts an Excellent BREEAM sustainability rating and an Energy Performance Certificate (EPC) rating of A. The latest energy-efficient technologies have been adopted, including heat pumps, mixed-mode ventilation and cooled slabs to regulate the building’s temperature, whilst green energy supplies will further boost its sustainable credentials. Tony Shaw, Managing Director for Henry Boot Construction, said: “It’s a great moment to see Elshaw House reach completion. This is the pinnacle of commercial developments, utilising the very latest in sustainable technology. “We’re proud to have delivered this project despite facing a number of well-documented industry-wide challenges. Working in partnership with Sheffield Council has demonstrated a blueprint for collaboration and there’s no better place to do this than in our home city. “Elshaw House complements the objectives of the masterplan to support a city with a refreshed work, live and play dynamic. Spilling out onto Pound’s Park, adjacent to the new food hall and nearby residential schemes like our own Kangaroo Works, the new workspace will play a key role in attracting new businesses and talent in Sheffield.” Councillor Ben Miskell, Chair of the Transport, Regeneration and Climate Policy Committee at Sheffield City Council, added: “It’s fantastic to see the completion of Elshaw House. We’re incredibly eager for Sheffield to be a standard bearer for sustainable practice in the region. This project, with its five-star NABERS accreditation, is a testament to the Council’s bold ambition to drive the city forward and raise the bar for other developments to follow. “Heart of the City is moving into an incredibly exiting stage of the project, with Burgess House, Isaacs Building, Elshaw House and Kangaroo Works all finished and ready for occupiers to move in. This includes the recently announced retailers Yards Store and Fjällräven. “This is a transformational year for the city centre with Leah’s Yard, Cambridge Street Collective food hall and Radisson Blu also set to open their doors in the coming months. It all shows how Sheffield is undeniably a city on the up.” Elshaw House has been attracting strong market interest, with tenants expected to be formerly announced in the coming months. Building, Design & Construction Magazine | The Choice of Industry Professionals
Parthena Reys acquires Manchester’s largest office building CBRE’s Investment Properties team in Manchester has successfully advised Parthena Reys on the strategic acquisition deal of the 365,542 sq ft One Hardman Boulevard, Manchester’s largest office building, in the heart of Spinningfields. Investment company Parthena Reys has acquired the landmark building from NatWest Group (NWG), for an undisclosed figure following NWG’s recent consolidation into their newly refurbished building at 1 Spinningfields Square, and plans to reposition the scheme, releasing newly refurbished, best in class workspace back into the supply-starved Manchester market by end 2024. The modern office building provides the city’s largest Grade A floor plate of c40,000sq ft, which is inherently flexible both vertically and horizontally, and capable of accommodating occupiers seeking 10,000 sq ft upwards. Accommodation is spread over nine floors with ground floor retail and is situated in the internationally renowned Spinningfields, one of the most successful urban developments in the UK, which has become a destination of choice for the region’s financial, professional and business services industry sectors. The vision for One Hardman Boulevard is to reincarnate the building into a world-class, flagship Grade A office development with market-leading ESG credentials, capitalising on occupier trends of higher take up in best-in-class assets and rental premiums for leading green buildings. Parthena Reys will announce further details on the planned refurbishment work in early 2024. Will Kennon, Executive Director at CBRE’s Investment Properties team who led the transaction commented; “This acquisition represents a strategic, counter cyclical investment by our client, acquiring a Grade A building in the heart of Spinningfields, with a business plan to release newly refurbished workspace back into a supply starved market in 2025. With new build development unviable at rents of below £50psf, we are expecting existing best in class assets to experience strong growth over the next 12-24 months and look forward to working with our client on the repositioning and leasing strategy.” Addleshaw Goddard advised on the legals for Parthena Reys, with Cushman & Wakefield and DLA Piper advising NWG. Building, Design & Construction Magazine | The Choice of Industry Professionals
Bradford’s One City Park office scheme, delivered by Muse in partnership with Bradford Council, is now complete and contracts have been exchanged with a corporate anchor tenant, to be announced in the coming weeks. The landmark city centre building was delivered on schedule, a major feat for a scheme of this scale in a prominent and extremely tight city centre location. Brought forward by national place makers Muse and in partnership with Bradford Council, the scheme offers 56,403 sq. ft of sustainable and flexible office space in the heart of the city and was delivered by main contractor Caddick Construction. Additional funding came from the West Yorkshire Combined Authority. Simon Dew, development director at Muse, said: “One City Park will be a catalyst for further investment in the city and signifies a newfound confidence in its commercial centre that will attract future big-name businesses. The project also demonstrates a very successful public/private partnership that will reap long-term benefits by providing incredible job opportunities for the younger, growing, population in the city.” The project is the first large capital development to complete in the city, ahead of the £23m Darley Street market scheme set to open next year, as well as Bradford Live which is currently undergoing its own multi-million-pound transformation. The city has also committed to a Walking and Cycling Improvements Scheme that is set to transform the way people get around the city centre. The £43m scheme includes the pedestrianisation and landscaping of a number of city centre streets and re-routing some buses – all aimed at creating a healthier, safer and more attractive place in which to live, work and visit. One City Park only launched to market last year and is represented by commercial agents Knight Frank and Colliers. It features five floors of workspace and a roof terrace, flexible floor plans that can adapted to accommodate more agile working practices as well as promote wellbeing. It is designed to suit a range of businesses from home grown starts-up and SMEs, through to larger organisations and multi-national occupiers. The building, which has now been formally handed over to Bradford Council as the owners, is framed by new public spaces including stepped access and attractive seating areas. Cultural assets such as the Grade I Listed City Hall, St George’s Hall and new music venue, Bradford Live, all surround One City Park and are expected to play a major role in the city’s UK City of Culture celebrations in 2025. Sustainable design elements are at the core of One City Park including high-performance glazing, photovoltaic panels and air source heat pumps to make sure the building operates on renewable energy. Every car park space has an electric car charging point, coupled with secure cycle storage and changing facilities to encourage workers to take more sustainable and healthier modes of transport. Building, Design & Construction Magazine | The Choice of Industry Professionals
