£114m Affordable Housing Deal Unlocks Renaker’s Next Manchester Skyline Transformation
Renaker has cleared a major planning hurdle for its next generation of residential towers in Manchester after reaching a Section 106 agreement with Manchester City Council that could deliver up to £114 million towards affordable housing. The agreement enables the developer’s five-tower Great Jackson Street proposals to progress more than two years after councillors initially backed the development. Designed by Manchester-based SimpsonHaugh Architects, the ambitious programme will deliver 2,388 new apartments across five high-rise buildings. At the centre of the plans is the 71-storey Lighthouse, a 213-metre residential tower that, if completed as proposed, would become Manchester’s tallest building and the tallest in the UK outside London. Around 640 apartments are planned within the slender tower, together with a public restaurant at its upper level. The Lighthouse takes its name from its distinctive glazed crown, which will create a lantern-like feature on the Manchester skyline. SimpsonHaugh’s design incorporates a unitised façade and a chequered architectural treatment beneath the upper glazed floors. Construction expenditure on the tower has been reported at approximately £235 million. The remaining four buildings, known collectively as The Green, will comprise two 47-storey and two 51-storey towers, providing 1,746 homes alongside commercial, leisure, food and drink accommodation at lower levels. Landscaping, public realm, cycle storage and supporting infrastructure also form part of the wider proposals. Construction of these four towers is expected to represent investment of more than £570 million. Affordable housing has been a significant part of negotiations between the developer and the council. Rather than affordable homes being delivered within the five towers, the Section 106 agreement establishes a viability-linked mechanism through which contributions could be secured for affordable housing elsewhere within Manchester. The Lighthouse is subject to a maximum contribution of around £33.2 million, while The Green could contribute up to a further £81 million. Importantly, these figures represent maximum potential contributions rather than guaranteed upfront payments. The eventual sums will depend on future viability assessments and the financial performance of the developments. The agreement brings greater certainty to one of Manchester’s most significant residential development programmes and continues the transformation of Great Jackson Street into a major high-density neighbourhood. Once delivered, the new buildings will help connect Renaker’s established Deansgate Square and Crown Street developments, creating an increasingly continuous cluster of residential towers on the southern edge of Manchester city centre. Alongside SimpsonHaugh Architects, the wider professional team identified for the development includes Deloitte, Curtins, WSP, GIA, Godwins, TPM Landscape, Element Sustainability, FutureServ and DP Squared, among others. Renaker has not yet confirmed a demolition or construction timetable for the five-tower programme. Building, Design & Construction Magazine | The Choice of Industry Professionals
Bouygues UK Delivers New Student Accommodation Scheme in Fourth Phase of Hallsville Quarter Regeneration
Bouygues UK has completed Phase 4 of Hallsville Quarter in Canning Town, East London, delivering 375 purpose-built student accommodation rooms ahead of the 2026/27 academic year. The development is delivered through a joint venture between Crosstree Real Estate Partners and Bouygues UK’s Development arm, with Bouygues UK also acting as main contractor. The project was designed by community-focused architect PRP with interiors by Holloway Li. Rising 10 storeys, the new development provides a range of en-suite rooms and fully equipped studios. Residents will have access to an extensive suite of amenities, including communal lounges, landscaped roof terraces, dedicated study areas, a fully equipped gym, meeting rooms, and a staffed reception with parcel room. The scheme has been designed to promote student wellbeing, community and social interaction, with well-lit, airy spaces and a combination of formal and informal areas. The landscaped public realm has been developed alongside the architectural and urban design proposals to create a high-quality, accessible, and sustainable setting. Phase 4 is the penultimate phase of the £650 million Hallsville Quarter masterplan, a long-term regeneration programme transforming Canning Town in the London Borough of Newham in partnership with Bouygues UK. The wider development provides more than 1,100 private and affordable homes, over 30,000 sq metres of leisure and retail space, a hotel, and generous public spaces including a playground designed by Landscape Projects. Sustainability was central to the project’s delivery, with Bouygues UK adopting a low-carbon construction approach that helped the scheme achieve BREEAM Excellent certification. Fully prefabricated bathroom pods reduced construction waste and improved efficiency on site, while Bouygues UK’s self-delivery of the concrete frame and selected internal finishes supported stronger quality control, programme efficiency, and a reduced overall carbon footprint. Bouygues UK has also placed significant emphasis on social value throughout the development. Initiatives have included paid roles for University of East London engineering master’s students, apprenticeships and employment-support programmes delivered in partnership with Newham Works, work-experience placements for local schools, CV-writing workshops, mock interviews, and local volunteering and charity activities. The new development will be operated by ARK Living under the trading name ARK Canning Town, marking the brand’s first dedicated student residence. ARK Canning Town forms part of ARK Living’s growing portfolio of co-living and student residences across London. Drawing on ARK’s established community-focused approach to urban living, the development combines thoughtfully designed private and shared spaces with dedicated on-site teams and a year-round events calendar to encourage socialization and community engagement. Oliver Campbell, Managing Director, Bouygues UK’s Development team said “The completion of Phase 4 marks an important milestone for Hallsville Quarter and for the regeneration of Canning Town. We are proud to have worked alongside Crosstree Real Estate Partners, PRP Architects, and the wider project team to deliver high-quality student accommodation that combines excellent facilities, sustainable construction and a strong connection to the surrounding neighbourhood. “As students prepare to move in for the 2026/2027 academic year, this new development will contribute to a vibrant and well-connected town centre, while the wider Hallsville Quarter Masterplan continues to deliver lasting benefits for Newham.” Pascal Lux, Managing Director, Bouygues UK London & South East commented: “Completing Phase 4 ahead of the academic year reflects the strength of our construction team and our commitment to integrated delivery. Self-delivering the frame and selected finishing trades in combination with prefabricated elements allowed us to maintain tight quality control while reducing waste and carbon impact. This proves that programme efficiency and sustainability go hand in hand.” Robert Alam, Managing Director at ARK Living comments “ARK Canning Town marks an exciting milestone for us as our first dedicated student residence and an important step in the continued growth of ARK Living. From the outset, our ambition has been to provide a high-quality student living experience, where great design, wellbeing and community all come together under one roof. ‘The building has been designed around how students live today, balancing private studios with places for study, exercise and socialization. Our extensive community events programme and dedicated on-site team will help students settle into London and meet new people, whilst making the most of university life.’ Bouygues UK’s development team has been active in the sector since 2010, delivering 30 projects with a combined gross development value (GDV) of £2 billion and construction activity totalling £1.6 billion. To date, the team has delivered 9,535 student beds across London and the wider UK, establishing Bouygues UK as one of the sector’s most experienced developers. This track record reflects the company’s growing ambitions in student accommodation, with Bouygues UK recently securing planning permission for Bankside House – a landmark 1,945-bed student residence for the London School of Economics (LSE), in partnership with Equitix, set to become one of the largest purpose-built student accommodation schemes in central London. Building, Design & Construction Magazine | The Choice of Industry Professionals
Battersea Power Station Unveils Vision for Final 3.2m Sq Ft Mixed-Use Transformation
Plans have been submitted for the final major chapter of the Battersea Power Station regeneration, setting out how the remaining 16 acres of the landmark London development could deliver up to 3.2 million sq ft of new residential, commercial, retail, leisure and cultural space. Battersea Power Station Development Company has brought forward the refreshed proposals for the undeveloped part of the 42-acre riverside site, with Studio Egret West reworking the original masterplan created by Rafael Viñoly more than 15 years ago. The revised approach responds to changing expectations around how people live, work and spend their leisure time, while placing greater emphasis on connectivity, public realm and creating a finer-grained urban neighbourhood around the Grade II* listed power station. Rather than relying on larger development blocks, future phases would be arranged as clusters of smaller buildings connected by new streets, lanes, courtyards and pedestrian passages. New sightlines are also planned to improve views towards the historic power station. Landscape and public realm will form a major component of the next stage. Proposals include a new green connection across Nine Elms Lane towards Nine Elms Park, described by the development team as a “green handshake”, further integrating Battersea Power Station with the surrounding neighbourhood. A significant cultural component is also proposed. A new destination known as the “Third Generator” would provide space bringing together arts, music, fashion, food, education and sport, broadening the mix of uses already established across the regeneration. Progress is continuing elsewhere on the masterplan. Detailed consent has already been secured for Phase 5A, where Battersea Power Station Development Company is working in partnership with Wandsworth Council to deliver 200 council homes. Construction is targeted to begin in 2027. Sisk is also progressing Prospect Place South, where two buildings designed by Gehry Partners will provide around 300 homes alongside approximately 65,000 sq ft of commercial accommodation and a 15,000 sq ft community hub. James Saunders, chief executive of Battersea Power Station Development Company, said changes in working patterns, digital integration and the way people interact with cities had influenced the evolution of the masterplan. He said: “Our refreshed masterplan seeks to place community and connection at the core of Battersea Power Station.” The final build-out represents a substantial extension of one of London’s most prominent regeneration projects. With up to 3.2 million sq ft still to be delivered, the proposals would nearly double the amount of development completed so far and create a significant long-term pipeline of opportunities across construction, architecture, engineering, fit-out, landscaping and the specialist supply chain. The latest plans also underline Battersea Power Station’s continuing evolution from a major heritage regeneration project into a fully established mixed-use London neighbourhood. Building, Design & Construction Magazine | The Choice of Industry Professionals
Universal Unveils Major Construction Team for £5bn Bedford Theme Park Resort
Universal has revealed the first major contractors and consultants appointed to its £5 billion theme park and resort in Bedford, providing the clearest indication yet of the scale of the construction team being assembled for one of the UK’s most significant leisure developments. Bovis, Galliford Try, Morgan Sindall, Careys, Sir Robert McAlpine, Wates and Winvic are among 23 businesses appointed to support delivery of the Universal United Kingdom Resort, which will transform the former Kempston Hardwick brickworks site south of Bedford. Individual construction packages and contract values have yet to be announced, but the appointments bring together some of the UK’s largest contractors alongside an extensive professional and technical consultancy team. Consultants and specialists involved include Arcadis, AtkinsRéalis, Buro Happold, Gensler, Gillespies, Gleeds, Mace Consult, Mott MacDonald, Arup, Rider Levett Bucknall and Ridge and Partners. Other specialists appointed include Blumano, Brindle & Green, Oxford Archaeology, Pinsent Masons and Wilson James. Businesses involved during the feasibility and planning stages have also included WSP, LDA Design, SLR Consulting, DWD Property and Planning and Town Legal, with a number continuing to support the project as it moves towards full construction. Enabling works are already under way across the 476-acre site, ahead of a five-year main construction programme that is expected to gather significant momentum. Comcast NBCUniversal has committed more than £5 billion to delivering the destination, while the Government is supporting the wider development with £1.3 billion of investment in road, rail and local infrastructure. Scheduled to open in 2031, the development will become Universal’s first branded theme park and resort in Europe. Plans include several themed lands containing major rides and attractions, alongside a 500-room hotel and an extensive retail, dining and entertainment destination. The project is therefore set to create a substantial pipeline of work extending well beyond the initial contractor appointments, encompassing everything from major infrastructure and structural construction to complex M&E, specialist fit-out, façades, landscaping, hospitality interiors and highly specialised themed environments. Planning permission has been secured through a Special Development Order, allowing the ambitious programme to progress. Universal estimates that the resort could generate around £50 billion in economic benefit, with approximately 20,000 jobs supported during construction and 8,000 direct jobs once operational. The scale of the Bedford development is expected to have a major impact on the regional construction and property market, while creating significant opportunities for contractors, consultants, manufacturers and specialist supply chain businesses over the coming years. With enabling works progressing and the first major delivery partners now confirmed, the Universal United Kingdom Resort is moving firmly from planning into delivery, beginning the transformation of a former industrial site into one of Europe’s most ambitious new leisure and hospitality destinations. Building, Design & Construction Magazine | The Choice of Industry Professionals
Pluto Finance Hits £1bn Lending Milestone as BTR Investment Expands
Pluto Finance has reached £1 billion of cumulative lending through its flagship institutional lending vehicle, marking a significant milestone for the real estate finance specialist as it continues to support residential development across the UK and Europe. The milestone comes as Pluto provides development finance for a new Build to Rent scheme in the Midlands, further strengthening its exposure to the living sector at a time when institutional capital continues to play an important role in delivering new rental housing. Pluto Finance specialises in real estate private credit, providing development, bridging and investment finance across residential and commercial property. Since its formation in 2011, the business has deployed more than £4 billion across over 350 loans and has helped finance the delivery of more than 15,000 new homes. Its flagship lending strategy has increasingly focused on areas where housing supply remains constrained, providing capital to developers and supporting projects ranging from conventional residential development to purpose-built rental accommodation. The £1 billion milestone also reflects Pluto’s expansion beyond the UK. The lender now operates across markets including Ireland, Germany, the Netherlands, Spain and Portugal, as it develops a broader European real estate finance platform. Institutional backing has played an important role in that growth. Universities Superannuation Scheme, one of the UK’s largest pension schemes, holds a substantial minority stake in Pluto, while the lender established a strategic partnership with Blackstone in 2025 focused on originating and executing larger mid-market real estate loans across Europe. For the BTR market, the latest Midlands financing demonstrates the continued role of alternative lenders in unlocking development at a time when construction costs, viability pressures and changing traditional bank lending appetite remain important considerations for developers. Sustainability is also increasingly embedded within Pluto’s lending strategy. Its Low Carbon Lending Programme provides incentives for developments achieving defined reductions in embodied and operational carbon, while much of its development lending has historically supported brownfield sites and urban regeneration. The latest BTR development loan therefore forms part of a much wider residential investment strategy, combining institutional capital with development finance to support the delivery of new homes. With its flagship vehicle now passing £1 billion of cumulative lending and its European operations expanding, Pluto Finance’s latest milestone highlights the growing importance of private credit to the UK’s BTR and wider residential development markets. Building, Design & Construction Magazine | The Choice of Industry Professionals
JLL Expands Global PAFM Partnership with Nestlé Across 130 Countries
JLL has been selected by Nestlé to provide global real estate portfolio services across 130 countries, significantly expanding the relationship between the two businesses and creating an integrated approach to managing the food and beverage group’s international property requirements. The new assignment covers Nestlé’s diverse portfolio of office, industrial and retail properties and will see JLL provide integrated leasing transaction management alongside strategic real estate advisory services. The agreement builds on the lease administration services already provided by JLL to Nestlé and brings together expertise from across JLL’s Work Dynamics and Leasing Advisory businesses through a single integrated account structure. This approach is designed to provide Nestlé with greater consistency and flexibility across regions while improving access to property intelligence and supporting strategic decision-making across its extensive global estate. JLL will also draw on capabilities from its Valuation and Risk Advisory business, wider Portfolio Services operation and technology division, JLL Technologies. Technology and data will play a significant role in the partnership. JLL’s proprietary technology platform will provide enhanced intelligence around Nestlé’s real estate portfolio, including the use of JLL Azara, an AI-powered data analysis application developed to allow business leaders to interact with corporate real estate and facilities management information. The service will also incorporate Horizon, JLL’s proprietary AI platform, which combines public and non-public market intelligence to support investment and capital decisions. The appointment reflects a wider shift within property and facilities management, where multinational occupiers are increasingly looking beyond the day-to-day management of buildings towards integrated real estate strategies combining property data, technology, portfolio optimisation, workplace requirements and operational efficiency. Susan Asprey Price, CEO, EMEA Work Dynamics and Global Head of Portfolio Services at JLL, said the business was delighted to support Nestlé as its real estate strategy continues to evolve. “We look forward to leveraging our integrated global platform to unlock potential for their business worldwide,” she said. Andy Poppink, CEO, Leasing Advisory, EMEA and APAC at JLL, highlighted cost optimisation, flexibility and supply chain resilience as increasingly important considerations for corporate occupiers. He said JLL would use its market expertise, global platform and analytics capabilities to support Nestlé in achieving its objectives across the portfolio. Covering properties in 130 countries, the expanded partnership demonstrates the increasing scale and sophistication of global property and facilities management contracts. For JLL, the appointment also highlights how traditional property services are evolving through the integration of strategic advisory, leasing expertise, data and artificial intelligence, providing major occupiers with a more connected view of how their property portfolios can support wider business performance. Building, Design & Construction Magazine | The Choice of Industry Professionals