£249m Refinancing Backs Next Chapter for Manchester’s Landmark Square Gardens
Downing has secured a £249.2 million refinancing package for two major residential towers at its £400 million Square Gardens development in Manchester, marking another significant milestone for one of the city’s largest new living schemes. The financing, provided by Bank of Ireland, covers Acer and The Fernley, the two completed co-living buildings within the wider Square Gardens development in Manchester’s First Street district. Together, the buildings provide a major concentration of new rental accommodation, with the 25-storey Acer and 45-storey Fernley forming the first two phases of the development. Both buildings are now operational, demonstrating the scale of demand for professionally managed, amenity-led rental accommodation in Manchester. Designed by Manchester-based SimpsonHaugh Architects, Square Gardens represents a substantial addition to the city’s evolving residential landscape. The wider £400 million development has been conceived as a new urban neighbourhood combining high-density living with extensive shared amenities, landscaped spaces and public realm. Residents have access to facilities including a gym and wellness centre, co-working and meeting areas, social lounges, private dining spaces and extensive landscaped gardens and terraces. Sustainability has also formed an important part of the development, with measures including air source heat pumps, while the scheme has targeted BREEAM Excellent and EPC A ratings. The refinancing represents an important financial milestone following the completion and occupation of the two buildings. Savills Capital Advisors advised Downing on the transaction. Bay Downing, joint chief executive of Downing, described the deal as a landmark transaction for the business, highlighting the strength of the company’s portfolio and growing opportunities across the living sector. The deal is also significant for the wider UK residential market. Large-scale co-living and Build to Rent developments are becoming an increasingly established component of regeneration in major regional cities, combining new housing supply with extensive shared facilities and professionally managed environments. Square Gardens has been created using Downing’s vertically integrated approach, with development, construction and ongoing management delivered by the business. This has enabled the company to take the scheme from construction through to operation within the wider group. With Acer and The Fernley now completed and backed by £249.2 million of refinancing, Square Gardens is moving firmly from major construction project to established residential destination, reinforcing Manchester’s position as one of the UK’s leading markets for large-scale rental and co-living development. Building, Design & Construction Magazine | The Choice of Industry Professionals
Why hotels and hospitality venues present unique maintenance challenges and how FM teams can overcome them
From budget hotel chains to luxury resorts and large restaurant groups, hospitality venues face some of the most complex operating environments, regulatory obligations, and maintenance requirements. These properties contain a wide variety of spaces, building systems and assets, from bedrooms and event spaces to commercial kitchens, HVAC and water systems, lifts and leisure facilities. Maintenance is therefore critical not only to compliance and long-term asset value but also to guest satisfaction and brand reputation, meaning there is little room for disruption or error, especially during periods of peak occupancy. Matt Voyle, Senior Account Executive at SFG20, the industry standard for hotel facilities management, has shared the key challenges facing hotels and hospitality venues today and why a structured approach to planned maintenance is essential for FM teams operating across the sector. A significant water-safety risk in hotels and hospitality venues is Legionella. When guest rooms, outlets, or sections of a water system are used infrequently, water can stagnate and create conditions favourable to bacterial growth. Seasonal properties and temporarily closed wings therefore require particular attention. Control should be based on a suitable risk assessment and managed by someone with the appropriate knowledge and training. Depending on the systems and the findings of the assessment, measures may include temperature control, regular flushing of infrequently used outlets, inspection, cleaning and descaling, and documented checks. FM teams can strengthen control by maintaining reliable information about their water systems and implementing a risk-assessment-led maintenance regime. Appropriate monitoring technology may support this approach, but it does not replace the required assessment, controls, and documented checks. Unlike offices or retail environments, where lower-occupancy periods allow planned maintenance to take place with minimal disruption, hotel and hospitality venues have to accommodate guests day and night. Hotels, as well as cafes and restaurants, have very small downtime windows, giving little time for anything other than routine checks. This means small issues can go unnoticed, potentially developing into larger problems further down the line. Maintenance planning must therefore avoid a one-size-fits-all approach and instead be precise and structured around the operational realities of each property rather than being generically applied across the estate. The condition and performance of hotel and hospitality buildings is highly visible to guests, meaning there’s zero room for failure. Issues with HVAC, hot water, lifts, lighting, plumbing or other facilities can quickly lead to complaints, negative reviews and lost return business. Common issues include water temperature problems, noise complaints, humidity, kitchen extract failures, false fire alarms and out-of-service lifts, which can all impact accessibility and guest satisfaction. For hotel management companies overseeing maintenance across multiple properties, consistent FM performance is essential for meeting brand standards, supporting owner and operator reporting and protecting the long-term value of assets. Large hotel and hospitality operators often manage estates spanning properties of different ages, formats, historic importance and building types, each with their own asset profiles and maintenance histories. This creates additional complexity for FM teams, particularly when managing heritage properties that may be subject to planning or conservation constraints alongside independently branded and franchised sites with different standards and owner expectations. Without a common maintenance baseline, standards can vary and compliance gaps can emerge, while inconsistencies become increasingly costly to resolve as portfolios grow. Holiday parks and resorts present a particularly complex FM environment, combining different accommodation types such as lodges, holiday homes, cottages, and apartments with commercial kitchens, dining areas, pools, gyms, entertainment facilities, and outdoor amenities. The diversity of these building types, as well as asset ages and infrastructure, combined with seasonal demand, makes it difficult for FM teams to apply a generic maintenance approach. This becomes even more complex when it comes to all-inclusive resorts, where guests have limited alternatives to facilities on site. Matt Voyle adds: “With maintenance varying from property to property, having a trusted framework for planned maintenance, organisations and venues can create a more consistent and structured approach. For hotels and hospitality organisations, that means identifying applicable maintenance tasks and recommended frequencies, distinguishing statutory requirements from industry best practice, and documenting where site-specific tailoring is needed. Hospitality estates vary widely. A strong approach combines a consistent baseline with controlled, evidence-based tailoring, creating a maintenance regime that is practical, auditable and commercially workable Download SFG20’s free e-guide, How Hotels and Hospitality FM Teams Can Improve Compliance, Control Costs and Run More Efficiently, for practical guidance on reviewing and strengthening your maintenance approach.” Building, Design & Construction Magazine | The Choice of Industry Professionals
Local government reorganisation review: Ensuring continuity in the face of uncertainty
Karen Carter, public sector director at public procurement specialist Pagabo, has shared her thoughts following the government’s announcement on its intention to review plans for local government reorganisation (LGR) and ensure alignment with its wider plan to rewire the state. Karen said: “This week’s announcement adds another layer of uncertainty for councils that have already spent months planning for reorganisation. Four areas have had their plans withdrawn, another 14 are paused pending review, and the 2027 elections will now be fought on existing boundaries. “For the teams involved, that’s a lot more work suddenly required without a clear landing point. But the fundamentals haven’t changed. Schools still need building, homes still need delivering, and estates still need maintaining. None of that waits for a structural decision in Whitehall. The risk in moments like this is that authorities press pause on everything, not just reorganisation, and lose a year of delivery to a decision that isn’t theirs to make. It’s vital that local authorities remember that successful transition will depend not only on the governance design, but on collective leadership and the ability to maintain shared action while navigating the road ahead. “Our advice remains the same as prior to this latest government announcement. That is to keep statutory service delivery moving and focus on decisions that will be unaffected by reorganisation. This means procuring through compliant, flexible routes that transfer cleanly to whatever structure eventually emerges. Similarly, ensure contract, asset and supplier data is in order because that is the groundwork every future authority will need regardless of how new boundaries are formed. Finally, keep the relationships with your supply chain warm so that you can move quickly when clarity comes. “Uncertainty is not the same as standstill. The authorities that come through this best will be the ones that use the pause to get their house in order – rather than waiting to be told what shape they’ll be.” For more information and guidance, check out Navigating Local Government Reorganisation – which was recently published by Pagabo. Building, Design & Construction Magazine | The Choice of Industry Professionals
LaSalle Adds £300m-Plus Commitment as UK Property Mandate Reaches £1bn
LaSalle Investment Management has secured an additional commitment of more than £300 million for a UK local authority investment mandate, taking the strategy to £1 billion and providing further capital for investment across the country’s property market. The expansion represents a significant vote of confidence in UK real estate at a time when institutional investors are increasingly focused on assets capable of delivering resilient, long-term income alongside strong environmental and social performance. The mandate is being led at LaSalle by Sophie Simmonds and Philip La Pierre, with the additional capital significantly increasing the scale of the investment programme. For the UK built environment, the commitment has the potential to support further investment across property sectors where long-term institutional capital can play an important role in development, regeneration and the improvement of existing assets. Residential property, including Build to Rent (BTR), remains one of the areas attracting significant institutional attention as investors look towards professionally managed housing and other living sectors as part of diversified real estate strategies. The increase in LaSalle’s mandate to £1 billion also comes against a backdrop of continued change across the UK property investment market. Investors are increasingly assessing buildings not simply on location and rental performance, but on energy efficiency, operational performance, sustainability and their ability to meet changing occupier requirements. This creates opportunities throughout the construction and property supply chain. Institutional investment into new and existing assets can support development, refurbishment, retrofit, building services upgrades and improvements to public realm, while also creating longer-term requirements for asset and facilities management. LaSalle is one of the world’s major real estate investment managers, operating across a broad range of property sectors and investment strategies. The latest commitment provides the business with substantially greater capacity to pursue UK opportunities on behalf of its local authority mandate. With more than £300 million of additional capital now committed and the mandate reaching the £1 billion mark, the move demonstrates the continuing importance of large institutional investors to the future of the UK property market. For developers and the wider construction sector, the deployment of that capital will now be closely watched, particularly as investment opportunities emerge across residential and BTR, regeneration and other areas of the built environment. Building, Design & Construction Magazine | The Choice of Industry Professionals
Norton Rose Fulbright strengthens real estate practice with appointment of new partner
Global law firm Norton Rose Fulbright has strengthened its real estate practice in London with the appointment of Simon Woodcock as a partner. Simon joins from Goodwin Procter. He advises on a broad range of transactional real estate matters, including direct and indirect investment, landlord and tenant matters, development and asset management. His practice spans multiple asset classes, including office, retail, student accommodation, PRS and industrial. Simon has significant experience advising investors, developers, asset and fund managers, and financial institutions on high-value UK and pan-European transactions. He brings strong relationships across the real estate sector and a track record of delivering on complex mandates. His appointment further enhances Norton Rose Fulbright’s real estate offering and supports the firm’s continued growth across key sectors and markets. David Hawkins, partner at Norton Rose Fulbright, commented: “Simon is a highly regarded real estate lawyer with an impressive track record advising on major UK and European transactions. His experience, market reputation and client relationships make him an excellent addition to our team.” Simon Woodcock commented: “Norton Rose Fulbright’s international platform and sector strengths provide a compelling proposition for clients operating in today’s market. I’m excited to join the team and look forward to helping clients deliver their most important real estate projects and investments.” Simon’s appointment forms part of Norton Rose Fulbright’s continued investment in its real estate practice and reinforces the firm’s ability to support leading investors, developers and institutions on complex transactions. Building, Design & Construction Magazine | The Choice of Industry Professionals
The Future of Building Safety: Connecting Inspectors, Property Owners, and Service Providers
Building design and construction professionals face mounting liability when safety coordination breaks down between inspectors, property owners and service providers. However, using software solutions can help with critical safety issues like fire system deficiencies and create seamless connections between all stakeholders. The Breakdown of Traditional Coordination Methods Inspectors, property owners and service providers have traditionally relied on manual processes to coordinate safety compliance. Scattered emails, paper forms and telephone calls dominate these workflows. Even when organizations adopt digital portals, these systems often remain cluttered and disjointed. These fragmented methods create information silos that prevent safety data from reaching the right people at the right time. A contractor may submit inspection reports through one channel while property owners track deficiencies in spreadsheets and fire marshals manage compliance through separate systems. When coordination fails, dangerous gaps emerge. Moving Toward a Connected Compliance Strategy The construction and building safety industries increasingly recognize the need for a “golden thread” of transparency between all stakeholders. This concept ensures that safety information flows continuously from initial inspection through deficiency resolution. Modern digital systems create unified records that eliminate manual handoffs and keep everyone accountable. Connected compliance strategies minimize liability by ensuring safety steps receive proper documentation and follow-through. When inspectors, property owners and service providers operate within the same platform, deficiencies get flagged immediately and tracked until resolution. This transparency reduces the risk of overlooked hazards that could lead to injuries or property damage. Safety Problems Emerging From Poor Communication When coordination among stakeholders fails, specific safety problems emerge that put workers and buildings at risk. Understanding these common issues highlights the importance of fixing communication gaps. 1. Misunderstandings Between WorkersConstruction sites operate at a fast pace, with hazards and risks constantly shifting throughout each phase of work. Without clear communication between contractors and property owners, critical safety steps can be missed entirely. Some directions get relayed but remain too vague to implement effectively. These misunderstandings create hidden risks that workers may not recognize until an incident occurs. A contractor might assume that another team secured a work area while that team believed the responsibility belonged elsewhere. Such gaps in understanding can lead to serious injuries. 2. Unnotified Hazards in JobsitesUnidentified or unreported hazards pose significant dangers during vulnerable construction phases. When communication breaks down, workers may enter areas without knowing about recent changes to site conditions. Slips, trips and falls represent some of the most preventable construction fatalities when proper safety protocols are followed. However, 389 fatal injuries in construction occurred due to falls, slips and trips in the private industry during 2024. These incidents can stem from inadequate hazard notification between teams working on the same project. 3. Unsealed Pipes and CablesDisjointed communication between contractors can leave physical vulnerabilities that endanger workers and compromise building safety systems. Unsealed utilities present a particularly serious concern because they can compromise compartmentation and allow fire to spread rapidly through a structure. Even when these vulnerabilities don’t result in immediate safety incidents, they cause project delays and financial losses due to necessary repairs. Property owners discover these issues during inspections, only to find that no clear record exists of which contractor was responsible for proper sealing. 4. Lack of Emergency SuppliesBuilding sites should maintain clear records of inspection schedules and fault reporting for emergency equipment. Unfortunately, miscommunication between teams can result in missing or unmaintained emergency supplies precisely when workers need them most. Emergency equipment may be present on-site but inaccessible because poor handover protocols between different teams leave critical information undocumented. This communication failure can cost lives during an actual emergency when seconds matter. 5. Managing Fire System DeficienciesUnaddressed fire system deficiencies pose risks to both workers and property throughout the construction and occupancy phases. Manual tracking methods often allow key repairs to slip through the cracks between inspection, notification and resolution. Software for managing fire system deficiencies addresses this challenge by creating digital workflows that connect all responsible parties. Fires in structures under construction most commonly result from heat sources in proximity to combustible materials. When fire protection systems contain unresolved deficiencies during construction, the risk of catastrophic damage increases substantially. Managing fire system deficiencies requires active tracking that ensures inspectors, building owners and service providers all maintain visibility into outstanding issues. Finding the Best Software for Managing Fire System Deficiencies Software solutions serve as the bridge between inspectors, property owners and service providers by creating unified platforms for compliance management. First Due is the best software for managing fire system deficiencies because it supports the active compliance workflows needed to identify, track and resolve issues efficiently. Its Inspection, Testing, and Maintenance (ITM) module within its Fire Prevention suite directly addresses fire system deficiency management. “First Due is the last piece of software your agency needs to buy. Consolidate NERIS, ePCR, fire prevention, pre-incident planning, scheduling and personnel management, asset and inventory, hydrants, training, community engagement, mobile response, and more into a single application with a sole login available anywhere on any device,” it states. The platform helps fire departments and Authorities Having Jurisdiction (AHJs) identify, track and resolve fire system deficiencies efficiently. It supports both documentation needs and active compliance-driving workflows between inspectors, building owners and service providers. The ITM module enables service providers to submit reports through a dedicated portal while AHJs monitor deficiencies through reporting and analytics dashboards. This connectivity ensures that fire protection systems, including alarms, sprinklers and suppression systems, maintain compliance throughout required inspection and testing cycles. Frequently Asked Questions Here are answers to common questions about building safety coordination. Q: What causes building safety communication breakdowns?A: Siloed systems, paper trails and a lack of centralized platforms cause communication breakdowns between inspectors, property owners and service providers. When each stakeholder uses different tools to track safety information, critical data fails to reach the people who need it. This fragmentation leads to missed inspections and unresolved deficiencies that compromise building safety. Q: Why is a connected compliance strategy important?A: Connected compliance reduces liability by ensuring safety steps are documented and resolved.