The world’s first carbon-neutral industrial laundry has been connected to the electricity grid by Vattenfall IDNO. Stretching across 20,000 square feet in Swindon, the ‘Big Blue 1’ site operated by Oxwash is run entirely on renewable energy and biogas. Operations at the site are environmentally sustainable, including the entire process
DC01UK’s planning application for a new state-of-the-art data centre has recently been approved by Hertsmere Borough Council’s planning committee. The new facility has been given the green light just one week after the Government launched its AI Opportunities Action Plan. The Plan outlines the economic growth opportunities presented by the
A four-week planning inquiry has commenced over a controversial proposal to transform Green Belt land south of Marlow—part of the Little Marlow Lakes Country Park—into a £750 million film studio complex. The ambitious development includes 18 sound stages, workshops, office spaces, and a vast backlot. Buckinghamshire Council previously refused planning
The UK’s first fashion manufacturing lab the ‘Work in Progress Pavilion’ for Robotics Living Lab (RoLL) has completed. The pioneering pavilion, designed by Bennetts Associates for Manchester Fashion Institute at Manchester Metropolitan University, provides fashion designers and manufacturers a base from which to create and produce more sustainable fashion manufacturing
Salford City Council have approved plans for a £250m data centre at Peel Waters’ Halo West site, in Salford, Greater Manchester. Peel Waters had previously secured planning permission to redevelop the six-acre industrial site in July 2024, since the planning was granted, they have worked jointly with Digital Land &
MEPC has announced the completion of its £40 million Nebula development at Milton Park, Oxfordshire, the UK’s largest single ownership innovation community. Comprising seven sustainable research and development (R&D) workspaces totalling nearly 80,000 sq ft, Nebula’s design and build focused on environmentally conscious materials, such as incorporating glue-laminated (glulam) structural
SEGRO, the leading owner and developer of industrial and warehouse space, and St George, a leading mixed-use developer in London and proud member of the Berkeley Group, have completed a new lease at SEGRO V-Park Grand Union to Panmedica Medical Distribution Occupying 1,700 sq ft and on floor five of
Tritax Big Box REIT plc (“Tritax Big Box” or “the Company”) has recently purchased a 74-acre site at Heathrow, London within the Slough Availability Zone, a key FLAP-D prime EMEA data centre location (the “Manor Farm site”). Simultaneously, the Company has acquired a 50% share in a joint venture (“the
Landmark Port Hamilton building redesign to become one of Capital’s largest ever pre-letting deals Lloyds Banking Group has announced plans to transform its Port Hamilton building in Edinburgh city centre into a state-of-the-art innovation hub as part of a £200 million redesign led by Drum Property Group. In what will
New phase promises high-tech growth for Oxfordshire innovation hub Albion Land’s flagship technology park, Catalyst Bicester, is set for significant expansion following Cherwell District Council’s approval of the next phase of development. The green light paves the way for an additional 128,000 sq ft of premium employment space across three
The world’s first carbon-neutral industrial laundry has been connected to the electricity grid by Vattenfall IDNO. Stretching across 20,000 square feet in Swindon, the ‘Big Blue 1’ site operated by Oxwash is run entirely on renewable energy and biogas. Operations at the site are environmentally sustainable, including the entire process from packaging used to transport laundered items, to power for their electric vans and e-cargo bikes. Big Blue 1 also uses wet cleaning techniques which drastically reduce water and energy consumption as well as filtering out plastic microfibres, setting them apart from traditional dry cleaners that rely on harmful chemicals like ‘Perc’, which are banned in several countries. The contestable works, the building of the system needed to connect Big Blue I to the point of connection to the grid, were completed by SmOp Cleantech. Vattenfall IDNO will operate and maintain the assets needed for that connection, such as a 1 MVA 11kV/LV Substation and enclosure (transformer and ancillaries), LV Metering and LV cables. These electrical connection and assets mean Oxwash can now process over 15 million items a year, whilst eliminating the production of CO2 at the site. Stewart Dawson, Managing Director at Vattenfall IDNO said: “We are proud to support Oxwash with their Big Blue project. We urgently need to electrify as many of the UK’s industrial processes as possible in order to reduce carbon emissions and drive rapid progress towards net zero. The Oxwash carbon neutral project demonstrates how achievable it is to switch away from fossil fuels to clean power and we congratulate them for taking this bold step to create the world’s first carbon-neutral laundry. We have a great working relationship with SmOp Cleantech and look forward to adopting more of their projects and driving UK electrification forward together.” Stephen Alabi, Lead Project Engineer, at SmOp Cleantech, said: “Delivering the 11kV grid connection for Big Blue I was a simple project for us, but it’s a great example of how industry can drive sustainability. This project demonstrates what’s possible when business commits to carbon neutrality. It’s been a privilege to help power Big Blue I and to be part of setting a benchmark for the sustainability of large-scale industry in the UK.” Dr. Kyle C. Grant-Talbot, Founder & CEO, Oxwash Ltd said: “The delivery of the 11kV point of connection by SmOp, which is being adopted by Vattenfall, is a critical milestone for Big Blue I, enabling us to power the world’s first industrial-sized, carbon-neutral laundry entirely on renewable energy and biogas. The collaboration has been excellent, allowing us to scale our mission and our laundry business without compromising our planet. At 20,000 square feet, Big Blue I sets a new standard for industrial operations – carbon neutrality at this scale is not only achievable but essential if we are to reach net zero in time.” Building, Design & Construction Magazine | The Choice of Industry Professionals
DC01UK’s planning application for a new state-of-the-art data centre has recently been approved by Hertsmere Borough Council’s planning committee. The new facility has been given the green light just one week after the Government launched its AI Opportunities Action Plan. The Plan outlines the economic growth opportunities presented by the AI revolution, in which new data centres will play a pivotal role. The new Plan sets out long term plans for AI infrastructure needs, mitigates sustainability and includes security considerations for AI infrastructure. Last September, DC01UK’s planning application was widely reported on, when it featured exclusively in the Department of Science, Innovation and Technology’s announcement of the sector-wide reclassification of data centres as Critical National Infrastructure, which significantly bolstered the importance of data centres within the UK. DC01UK, when built, will be Europe’s largest cloud and AI data centre, with up to two million square feet of space, and the location of the data centre brings together the key pillars needed to fulfil the existing cloud shortfall and cater for the large increase in demand expected in future years. This includes a power reservation of 400MVA from National Grid, owing to its proximity to the Elstree (Letchmore Heath) substation and proximity to national and international fibre optic routes as well as nearby Availability Zones in the region. Economic projections estimate the construction value of the project at £3.75bn with a year-round generation of £21.4m in business rates once the data centre is operational. The positive economic impact of the data centre would also see the creation of 500 skilled on-site jobs during the construction phase, 200 permanent, skilled jobs once up and running and a further 13,740 indirect jobs, 10,900 of which would be in the South East. DC01UK is also estimated to generate approximately £1.1 billion per annum GVA (Gross Value Added) indirectly per year. This landscape-led scheme is set in 85 acres of grounds, 54 per cent of which will be retained as green, open space, with a 10 per cent net biodiversity gain. The approved plans also include a suite of local benefits, including the confirmed expansion of the local cycle hire programme, £2m of upgrades for new and existing bus routes, and improvements to cycle paths, footpaths and crossings. There is also a significant financial contribution to local employment skills and opportunities included within the plans. A spokesperson for DC01UK, commenting on their successful planning application, said: “We want to thank Hertsmere Borough Council for their open and pragmatic approach to DC01UK’s plans. They understand our ambition for both the project and the borough. It will bring huge benefits for local people through a stronger local economy, more skilled jobs and better opportunities. Our plans also include a raft of upgrades for local transport, including new and existing bus routes, expansion of the local cycle hire scheme and road improvements. “This approval will also solidify Hertsmere’s status as a leading region in the South East as a tech and media superhub, complementing other established, large technology-driven organisations and film studios in the area. “With planning for this important piece of Critical National Infrastructure now approved, the site stands ready to power the needs of tomorrow bringing a much-welcomed boost to the UK’s digital economy. “Our plan will put Hertfordshire at the epicentre of the new data centre revolution, as well as creating £3.75bn for the economy during construction and almost 14,000 indirect jobs once operational.” Minister for Telecoms, Sir Chris Bryant MP, said: “Data centres are the beating hearts of this modern age, powering the digital infrastructure that we can no longer live without. “That is why I am thrilled to see that Hertsmere Council has granted planning permission to one of the largest data centre projects in Europe. “Data centres like this will not only play a pivotal role in our AI Opportunities Action Plan, but drive economic growth through the creation of skilled jobs across the South East.” Cllr Jeremy Newmark, Leader of Hertsmere Borough Council and Chair of the Hertfordshire Growth Board, said: “This is a momentous development for our borough. Hertsmere has cleared the way to becoming the home of a data centre which will be integral to serving Britain with cutting-edge technology. It’ll be a piece of critical national infrastructure needed for many generations to come. “The project, which is aligned with the council’s vision, is set to deliver hugely significant growth and economic benefits for the area, creating jobs during and after the construction phase, as well as new businesses. This news clearly reinforces Hertsmere’s status as an extremely attractive location for business and industry, with a reputation that is getting even stronger. “The data centre will provide critical synergies for our significant local film and TV sector, with three major sets of studios in Borehamwood. “The Government’s AI Opportunities Action Plan, which was announced earlier this month, shows the impact that the AI revolution is likely to have for many years to come and data centres, such as this, will play a major part. “While outline planning permission has been granted, we will, of course, continue to listen to and engage with residents about these exciting plans as more details are firmed up. As I’ve said before, I’m sure local people will see the massive value this development could bring to our area.” Stephen Beard, Head of Data Centres at Knight Frank who is advising on the project, said: “DC01UK is a first of its kind. The largest data centre development in Europe in the world’s second largest market, which is perfectly positioned in its ability to service the ever-increasing cloud demand today whilst accommodating the AI needs of tomorrow. A first and great example of the UK’s shift towards becoming a dominant superpower in cloud, AI and general digital infrastructure.” Building, Design & Construction Magazine | The Choice of Industry Professionals
A four-week planning inquiry has commenced over a controversial proposal to transform Green Belt land south of Marlow—part of the Little Marlow Lakes Country Park—into a £750 million film studio complex. The ambitious development includes 18 sound stages, workshops, office spaces, and a vast backlot. Buckinghamshire Council previously refused planning permission, citing several key concerns. The rejection was based on the project’s failure to prove the “very special circumstances” required to justify development on protected Green Belt land. Additional objections included the loss of part of the Country Park, potential harm to the Thames Valley landscape and the adjoining Chilterns National Landscape, as well as negative impacts on local residents’ amenities. Furthermore, the Council raised concerns over the project’s impact on the local road network and its failure to promote sustainable transport solutions effectively. The case has now been taken up by the Secretary of State for a final decision. Representing Buckinghamshire Council, the local planning authority, are Simon Bird KC and Esther Drabkin-Reiter, instructed by Laura Lee Briggs of the Council’s Legal Services. Meanwhile, Claire Nevin, instructed by Sophie Rae of PMV Planning, is acting on behalf of two key opposition groups—Little Marlow Parish Council and Save Marlow’s Green Belt. The inquiry’s outcome will be pivotal, shaping the future of both Marlow’s natural landscape and the UK’s expanding film industry. Building, Design & Construction Magazine | The Choice of Industry Professionals
The UK’s first fashion manufacturing lab the ‘Work in Progress Pavilion’ for Robotics Living Lab (RoLL) has completed. The pioneering pavilion, designed by Bennetts Associates for Manchester Fashion Institute at Manchester Metropolitan University, provides fashion designers and manufacturers a base from which to create and produce more sustainable fashion manufacturing with the aid of robotic technology. The pavilion design champions UK materials and construction methods that help reduce the upfront embodied carbon of the building in conjunction with passive environmental controls to reduce energy consumption for ventilation and cooling. This includes a UK Douglas fir timber frame, which is a native material, and UK straw insulated wall panels that lock away carbon captured within a much shorter timescale than traditional sequestering materials. The exterior is clad in a larch tree charred timber panelling which protects the straw cassette panels beneath. The simple, elegant pavilion occupies and enlivens an under used courtyard tucked away behind the listed Righton Building in central Manchester. The pavilion’s black shou sugi ban clad form and new landscaping give the previously unassuming courtyard a characterful, new sense of place. The timber frame forms and expressive waffle soffit structure, left exposed, with contrasting light this provides a calm backdrop to the changing roster of research outcomes on display. Bennetts Associates’ approach to the design has resulted in an upfront carbon figure of 468 kgCO2e/m2 GIA (A1-A5), the full breakdown of which is available to download here. A further -340 kgCO2e/m2 GIA biogenic carbon is captured in the building. This is expected to align with the Net Zero Carbon Building Standard new-build Higher Education target up to 2030. The project has now been submitted to the NZCBS Pilot Scheme, and a Post Occupancy Evaluation exercise is now underway. Bennetts Associates has also ensured that many of the materials and components can be reused in the future, adopting principles of the circular economy in line with the University’s Leadership in Sustainability strategy working towards a zero-carbon future, and Greater Manchester’s Zero Carbon Manchester 2038 plan. Adrian Lonsdale, Studio Director at Bennetts Associates, said: “The Work in Progress Pavilion is a pioneering space that not only represents a milestone in resource-conscious design and challenging conventional building techniques, but also marks a significant first for the university and the UK fashion industry. As a practice known for our commitment to sustainability, we are proud to deliver an exemplary project that highlights the potential of biogenic and regenerative low-carbon materials. It’s been fantastic to work with a client whose ambition for a low-carbon future aligns so well with our own. This has enabled us to develop a multifunctional space that is lean, elegant and minimises upfront carbon using low-carbon and biogenic materials.” Susan Postlethwaite, Professor of Fashion Technologies at MFI and Director of RoLL, said: “This launch is the culmination of years of planning, collaboration and research, and I’m delighted to showcase the important work of the lab inside this beautiful structure designed by Bennetts Associates to meet our climate commitments.” Building, Design & Construction Magazine | The Choice of Industry Professionals
Salford City Council have approved plans for a £250m data centre at Peel Waters’ Halo West site, in Salford, Greater Manchester. Peel Waters had previously secured planning permission to redevelop the six-acre industrial site in July 2024, since the planning was granted, they have worked jointly with Digital Land & Development on the planning for the much-needed data centre. The site of the approved data centre is located between Eccles and Irlam, off Liverpool Road, just north of Salford Community Stadium and will directly address the digital infrastructure needs of the UK, making the development ‘critical’ for the country’s future. For the UK to maintain its position as a global leader in technology, the country is now in need of significant levels of new data centre capacity. The buildings have been designated as ‘critical national infrastructure’ by the UK government – the same status given to energy and water systems. Data increasingly underpins every element of modern life as the world undergoes a digital transformation. Data centres work as a physical storage space for online information, used for websites, applications, and digital services. The data centre at Halo West will generate the power to support this as well as being a huge boost for technology in the city. The approved data centre feature 12,000 sq. ft of offices, a 56,000 sq. ft data hall, and 63,500 sq. ft of plant. The streetscape views will also be improved for passersby whilst also helping screen the development from adjacent properties, with a significant green buffer being created with new planting along the boundary as well as creating new habitats for wildlife across the site and improving local biodiversity. The data centre development will ensure it is fit for a low carbon future with the use of sustainable materials, application of energy efficient and circular design principles. Reduced water consumption and sustainable drainage as well as the potential to include heat reclaim and export for future district heating have all been designed into the approved scheme. Prioritising sustainable and active means of travel have also been included, with the provision of secure sheltered cycle parking spaces exceeding Local Authority Standards. The £250m investment from Digital Land & Development will act as a significant catalyst within ‘City Gateway’ which includes Port Salford and the Salford Community Stadium and is an area which both Peel Waters and the council have earmarked for further significant regeneration. Peter Linstead, Development Director for Land and Logistics at Peel Waters said: “We’re really pleased that Salford City Council have recognised the need for this development at our Halo West site. Receiving unanimous approval from the planning committee demonstrates clear alignment between the public and private sector to bring forward innovative growth opportunities and deliver much-needed technological infrastructure within the region. We look forward to now the delivery of this development and the significant investment it will bring with it to the area.” Johnny Conway Director at Digital Land & Development added: “Digital Land & Development are excited to be bringing the site forward for a next generation data centre as one of a number of projects across the UK, which given the increasing pace of data processing is driving the necessary requirement for the data centre facilities that house and support this need. We would like to thank Salford City Council for approving this development which will be crucial for the UK to maintain its position as a global leader in technology.” Building, Design & Construction Magazine | The Choice of Industry Professionals
MEPC has announced the completion of its £40 million Nebula development at Milton Park, Oxfordshire, the UK’s largest single ownership innovation community. Comprising seven sustainable research and development (R&D) workspaces totalling nearly 80,000 sq ft, Nebula’s design and build focused on environmentally conscious materials, such as incorporating glue-laminated (glulam) structural timber beams in place of steel, in what is believed to be a UK-first for a R&D workspace. With construction delivered by Barnwood Limited, Nebula’s use of sustainably sourced and recyclable beams instead of steel has significantly reduced its carbon footprint. The innovative approach has contributed to an upfront embodied carbon saving of 686 tonnes of CO₂ throughout construction, the equivalent of 196 return flights to Hong Kong. Aimed at science, technology or advanced engineering companies, Nebula’s buildings have internal vaulted roof heights of 8m, providing flexibility for occupiers with requirements for large-scale scientific equipment or advanced engineering instruments. Following widespread interest from a wide variety of companies with R&D requirements, MEPC has revealed one of the R&D workspaces has been taken as a pre-let. The completion follows the announcement of a refreshed Local Development Order (LDO) at Milton Park. As the UK’s first data-driven, green-focused planning agreement,the LDO is expected to support thousands of new jobs and permit 4.2m sq ft of development. In the coming years, it will streamline planning decisions for its occupiers to just ten days, bringing forward new flexible laboratories, offices and amenities. It also follows last month’s announcement by the Government of plans to boost infrastructure and attract new investment into the Oxford-Cambridge Growth Corridor, to attract up to £78bn into the economy by 2035 and realise its potential as a global centre for science and innovation. Commenting on the completion, Science Minister and Oxford-Cambridge Innovation Champion, Lord Vallance, said: “Modern, high-tech facilities are essential to taking full advantage of rapidly developing science and technology and in fulfilling our ambitions for the Oxford-Cambridge corridor to be an economic engine for the whole of the UK. “Nebula’s new development of large-scale innovation space will support a range of growing industries, helping businesses to get off the ground and progress, and in turn supporting this Government’s number one mission of economic growth.” Philip Campbell, commercial director at MEPC Milton Park, said: “Nebula’s completion follows on the heels of the Government’s Oxford to Cambridge announcement and plans to create a “Silicon Corridor” of growth. “Delivered through our streamlined ten-day planning LDO, Nebula has been driven by the project team’s collective ambition to create a new R&D development which seamlessly blends design and sustainability, creating an attractive work environment for future occupiers to innovate. “Following this significant milestone, we’re looking forward to opening the doors and showing new and prospective occupiers around this flagship project for Milton Park.” Nebula’s occupiers will benefit from MEPC’s £7m infrastructure investment to enhance Milton Park’s energy capacity, alongside electric charging provision for up to 32 vehicles. Alongside the development targeting BREEAM ‘Excellent’ and EPC A energy efficiency standards, surplus wood from the site was also intercepted and donated to RAW Workshop, an Oxfordshire-based social enterprise, where it was recycled into educational materials and new products, maximising Nebula’s environmental and social impact credentials. Working alongside Milton Park and Barnwood Limited as part of the project team are SRA Architects, ASA Landscape Architects, CBRE (leasing agents), Ridge & Partners LLP (BREEAM, cost management, M&E, principal design, project management), Stantec (civil and structural engineering), Mainer Associates (sustainability consultant), William Downie Associates (utilities) and Cundall (carbon consultant). For more information on Nebula, please visit: www.miltonpark.co.uk/availability/nebula-190-192-park-drive Building, Design & Construction Magazine | The Choice of Industry Professionals
SEGRO, the leading owner and developer of industrial and warehouse space, and St George, a leading mixed-use developer in London and proud member of the Berkeley Group, have completed a new lease at SEGRO V-Park Grand Union to Panmedica Medical Distribution Occupying 1,700 sq ft and on floor five of the six-storey industrial development, Panmedica Medical Distribution will be the first company from the life sciences sector at the groundbreaking urban logistics park in Alperton, North West London. The development, designed with scalability and flexibility at its core, completed in April last year. SEGRO V-Park Grand Union is an industrial warehousing scheme, designed to maximise space where land is constrained. Delivered as part of a vibrant, mixed-use neighbourhood comprising 3,350 homes – 35% of which will be affordable – SEGRO V-Park Grand Union provides an innovative demonstration of industrial intensification and co-location of industrial and residential space. Panmedica is the second customer to establish operations onsite since completion, joining the inaugural customer, an automation and robotics company. The development’s strategic location, advanced infrastructure and wide range of modern amenities make it an attractive destination for businesses seeking agility, adaptability and long-term growth opportunities. Terry Glenn, Director, Panmedica Medical Distribution, said: “We are excited to locate at SEGRO V-Park Grand Union, a truly innovative development that aligns with our growth ambitions and operational needs. The combination of modern, flexible facilities, excellent connectivity and a thriving ecosystem of businesses makes it an ideal location for our company.” Ben Gomez-Baldwin, Director, London, SEGRO, said: “SEGRO V-Park Grand Union is an excellent fit for companies in the innovative life sciences sector, offering the flexibility to scale operations, modern facilities, a collaborative environment and a well-connected location that is attractive and easily accessible for employees. We’re pleased to welcome Panmedica Medical Distribution as our second customer at this innovative development helping shape a dynamic business community at the development and proving that the multi-storey industrial concept works across a range of business sectors.” Marcus Blake, Managing Director at St George PLC, said: “Grand Union showcases our commitment to transforming brownfield sites into sustainable, thriving neighbourhoods. Spanning 22 acres, with 50% dedicated to open space and 850m of newly accessible waterside frontage, it is designed to enhance both community and environment. 2025 will be a landmark year, welcoming new businesses such as Panmedica Medical Distribution, adding to the leisure experience which includes the opening of a new soft play café and launching 72 new canalside homes at Peninsula House. Grand Union is rapidly becoming a dynamic place to live, work and enjoy.” SEGRO V-Park Grand Union is located in the London Borough of Brent, one of London’s most sought-after industrial areas, and will front onto the North Circular (A406), providing excellent access into the London market and connectivity to the M1 and M25. Building, Design & Construction Magazine | The Choice of Industry Professionals
Tritax Big Box REIT plc (“Tritax Big Box” or “the Company”) has recently purchased a 74-acre site at Heathrow, London within the Slough Availability Zone, a key FLAP-D prime EMEA data centre location (the “Manor Farm site”). Simultaneously, the Company has acquired a 50% share in a joint venture (“the JV”) with a leading European renewable and low carbon energy power generator (“the JV Partner”). The JV enables accelerated power delivery to the Manor Farm site using pre-existing grid connection agreements. The acquisition of an interest in the JV constitutes a related party transaction for the purposes of the UK Listing Rules, further details of which are set out below. Subject to receiving planning consent, the acquisition of the land and stake in the JV facilitates an accelerated timeline to the potential delivery of up to 147 Megawatts (“MW”) of power to support the development of a major data centre scheme at Manor Farm. In addition, Tritax Management LLP (“Tritax Management” or “the Manager”), working with the JV partner, has created a further pipeline of potential data centre opportunities in key locations within the UK utilising power availability of c.1 gigawatt (“GW”). A prime location for a latest generation data centre of significant scale Targeting exceptional returns and accelerated timeline with 9.3% yield on cost and significant development profits Tritax Management has created a potential data centre pipeline of up to 1 GW An attractive market at a key inflection point, underpinned by long-term demand drivers and scarcity of powered land Contractual arrangementsThe land at Manor Farm is being acquired from Airport Industrial Property Unit Trust (“AIPUT”). The JV stake is being acquired from Tritax Management. All return related figures in this announcement are presented net of the following consideration and fees payable to AIPUT and Tritax Management as outlined below: Aubrey Adams, Chairman of Tritax Big Box, commented“This is a decisive and exciting first step for the Company in the very attractive data centre market which the Manager has unlocked with its power and real estate capabilities. This gives the Company a considerable competitive advantage in capturing the growing demand for data centre infrastructure. The combination of Manor Farm’s prime London location and accelerated access to critical grid connection agreements creates the opportunity to develop quickly one of the UK’s largest data centres and deliver exceptional returns for our shareholders. “Over the past four years, the Manager has independently developed and invested in its power capabilities, securing a joint venture arrangement with one of Europe’s largest major renewable and low-carbon energy generators which the Company is now acquiring at Manor Farm. This provides accelerated access to power in this prime data centre location, where a lack of power has significantly restricted the development of these nationally critical infrastructure projects. Having taken extensive and independent professional advice, the Board of Tritax Big Box has successfully negotiated preferential access and terms for this opportunity, which generates exceptional returns and complements our logistics development pipeline. The Board has also negotiated a right of first refusal with the Manager for all future data centre opportunities with up to c.1 GW of power capacity.” [1] Source: McKinsey & Company [1] AIPUT is an independently owned Jersey Property Unit Trust managed by Tritax Management LLP which, for the avoidance of doubt does not form part of the Manager’s group, and therefore, is not a related party of the Company for the purposes of the UK Listing Rules. The independent unit holders of AIPUT approved the sale of land at Manor Farm to the Company via a vote. [1] AIPUT will receive 30% of the real estate and battery storage related profits equivalent to 21% of total Phase 1 profits. [1] The development management fee is payable by reference to different milestones, with 3.5% payable in quarterly instalments contingent and commencing from the grant of satisfactory planning permission and 1.5% payable following the later of the date of grant of satisfactory planning permission and the date of exchange of an acceptable pre-letting agreement. [1] The Phase 1 profit in respect of the above contingent profit share arrangements is calculated as the fair value of the asset base at the time of completion (as confirmed by an independent valuer) less all associated costs. [1] Subject to a 12 month lock up arrangement. Building, Design & Construction Magazine | The Choice of Industry Professionals
Landmark Port Hamilton building redesign to become one of Capital’s largest ever pre-letting deals Lloyds Banking Group has announced plans to transform its Port Hamilton building in Edinburgh city centre into a state-of-the-art innovation hub as part of a £200 million redesign led by Drum Property Group. In what will be one of Edinburgh’s largest ever pre-letting deals, the complex will become Lloyds Banking Group’s main base in Scotland following completion of the works in 2027. Lying at the heart of the city’s financial district, the 282,000 sq. ft. Port Hamilton building has been home to Scottish Widows for almost 30 years. It is one of Edinburgh’s landmark office buildings, reaching up to eight storeys with a distinctive curved roof. In an innovative deal structure, Drum will assume control of the property and take responsibility for redeveloping the building as part of a forward funding agreement. Port Hamilton will remain the head office for the pensions and investments business as Drum has also concluded a pre-letting agreement with Lloyds Banking Group which will see the firm enter a 21-year lease after the transformation works are expected to be completed in 2027. Welcoming the redevelopment deal, Graeme Bone, Group Managing Director, Drum Property Group, said: “The £200m redevelopment of Port Hamilton presents an exceptional opportunity for Lloyds Banking Group to upgrade and enhance one of Edinburgh’s landmark buildings and deliver an exceptional working environment for Lloyds colleagues in an unrivalled city centre location. We are particularly proud of securing one of Edinburgh’s largest ever office pre-letting deals. The level of investment, structure and net-zero objectives of the Port Hamilton redevelopment sends out a very strong message for the future of the city centre office market. It also marks another exciting addition to our proven track record in delivering major office facilities for both corporate and government occupiers.” As the UK’s largest digital bank, Lloyds Banking Group employs around 10,000 people in Edinburgh across a range of different parts of the company, including customer-facing, finance and technology roles from software engineering and data science to cyber security. The Port Hamilton redevelopment is part of Lloyds Banking Group’s wider drive to create a more sustainable office footprint across the UK and contribute to its net zero goal. It follows the full refurbishment of its Bristol office in 2022 and a move to the most energy-efficient office building in Leeds last year. Chira Barua, CEO of Scottish Widows, said:“The fintech scene in Scotland is buzzing and we’re committed to staying right in the centre of it. We’ve made huge progress in connecting customers with their financial futures and we’re starting to see how powerful digital engagement and gamification will be in the future. There’s huge potential to help make a real difference for our customers’ lives and we’re right out in front building all the parts we need to innovate in a massive way.” Sharon Doherty, Chief People & Places Officer, Lloyds Banking Group, said:“We want to create a more modern and sustainable workspace in Edinburgh where our colleagues enjoy working so that we’re in the best place to serve our 27 million customers in more ways with the things that matter to them.” HSBC Asset Management advised the building owners on the transaction, noting they weredelighted to conclude the agreements to enable this significant redevelopment project. In concluding the Port Hamilton transaction, Knight Frank acted as commercial property agents for Hamilton Prop Co. Ltd. whilst CBRE acted for Lloyds Banking Group. Drum’s legal advisors were Morton Fraser and MacRoberts, Pinset Masons represented Lloyds Banking Group and Brodies acted for Hamilton Prop Co. Ltd. Building, Design & Construction Magazine | The Choice of Industry Professionals
New phase promises high-tech growth for Oxfordshire innovation hub Albion Land’s flagship technology park, Catalyst Bicester, is set for significant expansion following Cherwell District Council’s approval of the next phase of development. The green light paves the way for an additional 128,000 sq ft of premium employment space across three state-of-the-art, sustainable buildings along the A41. Planning permission for the project, part of Phase 4 of the Catalyst masterplan, was granted at a council meeting on Thursday, 16 January. With eight buildings already completed and fully let to advanced manufacturing, research and development (R&D), and design companies—including notable names such as Evolito, Tesla, and Yasa—Catalyst Bicester continues to establish itself as a hub for innovation and technology. The development also benefits from nearby amenities such as the Holiday Inn Express and David Lloyd Leisure, enhancing the appeal of the park for employees and businesses alike. Simon Parsons, Director of Albion Land, said:“This is fantastic news for Bicester, Oxfordshire, and the high-skills technology and engineering sectors in the region. These bespoke new buildings will provide exceptional workspace for companies eager to join the Catalyst Bicester success story and benefit from our efforts to strengthen Bicester’s tech ecosystem. We’re thrilled with the planning approval and are eager to move forward to meet the strong demand from occupiers.” Construction of Phase 3 is planned for 2025, delivering a further 110,000 sq ft across five buildings. Phase 4 will follow unless accelerated by tenant demand. Phase 4 represents a £55 million investment and could create around 500 additional jobs, depending on the eventual occupiers of the new space. Catalyst Bicester’s development began in 2021, with Phases 1 and 2 now fully built out and leased. The most recent addition, Unit 8 (38,710 sq ft), was completed last autumn and is already home to an international advanced-engineering and design business. Demand for space at Catalyst Bicester is driven by the growth of Oxfordshire’s innovation and technology sectors, as well as the park’s strategic location, high-quality amenities, and integration within the region’s tech and engineering ecosystem. The three new Phase 4 buildings will occupy a prime site fronting the A41, directly opposite the Holiday Inn Express. The site is designated in the Cherwell Local Plan for knowledge-based employment development. Albion Land was supported in the planning process by Quod (planning consultants) and Cornish (architects). Building, Design & Construction Magazine | The Choice of Industry Professionals
