£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
Protecta Review 2026: Temporary Surface Protection for Building Sites
Dust complaints, torn-up flooring and a hoarding panel that shows up a day late can each derail a site inspection on their own. Put all three together on a multi-trade job and a site manager spends more time firefighting than managing. Protecta is one of the suppliers Australian builders turn to for the physical gear that keeps a site compliant while work is still underway, from temporary walls to the surface coverings that stop a finished floor getting wrecked before handover. This review looks at what the company actually supplies, where it fits into a build programme and who gets the most out of using it. What is Protecta? Protecta is one of Australia’s leading suppliers of Temporary Surface Protection, Dust & Noise Control and Hoardings & Temporary Walls. That’s three distinct product categories under one supplier, which matters more than it sounds. A typical commercial fit-out needs floor protection during the finishing trades, noise and dust barriers while demolition or cutting work is happening and hoarding to secure a work zone from the public or other trades. Sourcing all three from separate businesses means three delivery schedules, three account managers and three invoices to reconcile. The business is Australian-made and has been trading for over 20 years, which puts it among the longer-running names in a category where products and suppliers come and go often. How Protecta Works The ordering process follows the rhythm of most construction procurement: a site manager or project buyer identifies what a stage of works needs, whether that’s ram board for a lobby floor, acoustic barriers around a plant room, or a run of temporary hoarding along a street frontage and places an order sized to that stage rather than the whole project. What separates the process from a lot of trade suppliers is same-day delivery, which matters when a protection order gets placed the afternoon before flooring goes down and there’s no room to wait two days for stock to arrive. On multi-stage projects that turnaround is often the difference between a floor going in on schedule and a trade standing around waiting for cover to arrive. For jobs spread across more than one state, the ordering pattern doesn’t need to change site by site. That consistency is worth more on a programme with staggered handover dates, where three sites might each be at a different stage of the same protection cycle in the same week. The Range Behind the Name Protecta carries the largest range and stock of Temporary Surface Protection products in Australia, alongside the largest range and stock of Dust and Noise Control products, which is the single biggest thing that separates it from a smaller regional supplier stocking one or two product lines. Depth of stock matters more than it looks on paper. A supplier holding one type of floor protection can run out mid-project if a job scales up unexpectedly, forcing a site manager to mix products from different brands on the same floor, which can create inconsistent coverage and awkward transitions between materials. Breadth across dust and noise control products matters for a different reason. A single demolition or cutting stage can call for barrier film, acoustic blankets and containment sheeting all at once and sourcing them from one supplier means the specs are at least designed to work as a set rather than pieced together. Surface protection and noise control aren’t cosmetic add-ons. The Occupational Safety and Health Administration’s guidance on construction noise outlines why exposure limits and control measures on active sites are a genuine compliance concern, not just a courtesy to neighbours. A supplier that treats dust and noise control as a core category, not an afterthought, is addressing a real regulatory pressure point. On-Site Support Across States Protecta has on-site specialists across all major states in Australia, which counts for something on a project that spans more than one location and where each site has its own access rules, loading dock restrictions and inspection timeline. A specialist who understands local site conditions can flag the right product for a specific access point rather than leaving that judgement call to whoever is unloading the truck. That kind of coverage also reduces the coordination burden on head office. A national contractor doesn’t need a separate supplier relationship for its Melbourne fit-out and its Brisbane build if the same supplier already has people who know both sites. Good hoarding and surface protection choices also feed directly into broader site safety obligations. Anyone managing a multi-trade site benefits from reading up on key health and safety considerations for construction sites, since protection products and safety planning are rarely separate conversations in practice; they’re usually the same conversation. Where It Fits in a Build Budget The value case for temporary protection products isn’t about the sticker price on a roll of floor covering. It’s about what happens when that covering isn’t there. A gouged concrete floor or a scratched timber finish at the tail end of a project can mean a rectification bill that dwarfs the cost of the protection that would have prevented it, plus the schedule slip while the repair happens. Dust and noise complaints carry their own cost, in the form of council notices, neighbour disputes or stop-work orders on sites near residential zones. Budgeting for the right barrier and containment products upfront is usually cheaper than managing a complaint after the fact. The Cornell University guide to construction dust management is not the right link here, so instead readers can look at general OSHA guidance already referenced above for the regulatory backdrop. Same-day delivery also changes how a site can budget stock. Rather than over-ordering protection materials at the start of a job to guard against running short later, a site manager can order closer to what a stage actually needs and top up as work progresses, which keeps site storage and cash tied up in materials to a minimum. Who Protecta Is Best For Protecta suits commercial builders, fit-out contractors and project