CBRE Investment Management and Moda Complete Seed Acquisition for UK Single Family Housing Partners
CBRE Investment Management (“CBRE IM”), on behalf of CBRE UK Single Family Housing Partners (“SFHP”), has completed the acquisition of a 222-home single family housing portfolio in the South East of England from UK housebuilder, Bellway. The transaction represents the seed investment for CBRE IM’s newly launched SFHP strategy, established in partnership with Moda Living. The platform is focused on delivering and operating high-quality, professionally managed family rental homes in structurally undersupplied UK markets, providing investors with access to a growing and resilient residential segment. The portfolio comprises a mix of completed homes and forward-funded development across three sites in established residential markets: Stevenage, Milton Keynes and Burgess Hill. All homes are expected to be delivered by the end of 2027. The sites all have excellent access to high quality transport links, proximity to major employment centres, schooling and attractive local amenities. The developments will deliver predominantly two- and three-bedroom homes, with a layout and specifications aligned to the needs of family renters and long-term occupiers. Homes within the portfolio will be operated by CBRE IM’s partner, Moda Living. Tom James, Head of UK Transactions at CBRE Investment Management, said: “This is an exciting addition to our residential platform and a great first step in growing our single family housing fund, delivering high-quality houses on attractive sites in locations where demand for best-in-class, professionally managed rental housing continues to outstrip supply. Working alongside Moda Living, we are building a platform designed to deliver at scale, both in terms of operational execution and investor outcomes, focused on homes that meet the evolving needs of renters and generate sustainable income over time.” Johnny Caddick, CEO of Moda Living, commented: “These first acquisitions are an important milestone for the platform and reflect the progress we’ve made since launching the partnership earlier this year. “Demand for professionally managed rental homes continues to outstrip supply and, with the backing of committed, long-term capital and Moda’s integrated development and operational platform, we’re well placed to help address that challenge. We’re looking forward to building on this strong start as we continue to grow the platform by utilising Moda’s delivery and operational capabilities – together with the wider Caddick Group land pipeline – to deliver more high-quality homes across the UK.” Ian Gorst, Regional Chair, Bellway Homes, said: “We are delighted to have completed this portfolio transaction with CBRE IM and Moda as they launch their new UK Single Family BTR Fund. Their investment in Whitehouse Gardens, Milton Keynes, Forster Park, Stevenage, and Fallow Wood View, Burgess Hill demonstrates confidence in the strength of these outstanding new communities. We are proud they have chosen Bellway as their delivery partner, recognising our proven HBF 5-Star homebuilder track record for quality and customer satisfaction. We wish CBRE IM and Moda every success with this exciting new venture and look forward to building on our relationship in the years ahead.” The acquisition follows the recent launch of CBRE UK Single Family Housing Partners, a dedicated single family housing strategy established by CBRE IM in partnership with Moda Living, part of Caddick Group. Backed by an initial £400 million available capital and supported by core, long-term investor capital, the strategy has a clear ambition to grow to £2 billion in value over time. The platform is designed to address the growing demand for high-quality rental homes while providing investors with access to one of the UK’s most compelling residential sectors. TT&G Partners and CBRE advised CBRE IM, and Savills advised Bellway. Building, Design & Construction Magazine | The Choice of Industry Professionals
Developer confidence deteriorates further as specialist finance becomes increasingly critical
Jonathan Samuels, CEO of specialist lender, Octane Capital, believes that continued economic uncertainty has further weakened confidence across the UK development sector during the second quarter of 2026, with developers becoming increasingly reliant on specialist finance to help navigate a more challenging market. The quarterly survey, commissioned by Octane Capital, tracks how developer sentiment, project appetite and reliance on specialist finance are shifting as market conditions evolve. The latest research shows that just 23% of developers now believe UK property market conditions will improve during 2026, down from 35% in the previous quarter, with more than three quarters (77%) now expecting conditions to remain challenging. As confidence has deteriorated, reliance on specialist finance has continued to strengthen. More than four in five developers (83%) now say they expect to utilise specialist finance to help navigate current market conditions, up from 72% in Q1. Bridging finance remains the most widely expected specialist lending product, with expected usage increasing from 40% to 44% quarter-on-quarter. Development finance has also seen an increase in demand, rising from 24% to 29%. The survey also suggests that developers are becoming increasingly cautious when it comes to progressing new projects. Whilst the proportion more likely to break ground on development or investment projects remained unchanged at 20%, the number stating they are less likely to proceed has climbed sharply from 37% to 57%. At the same time, the proportion expecting activity levels to remain broadly unchanged has almost halved, falling from 43% to 23%. This more cautious outlook reflects the continued challenges facing the sector, with almost all developers surveyed (97%) stating that obstacles remain within the current market. High build and labour costs remain the most significant challenge, cited by 35% of respondents, whilst concern around planning delays and uncertainty has increased notably to 29%, making it the second biggest barrier to development activity. Despite the weakening outlook, developers continue to believe that improvements to the lending environment could help unlock activity. Falling interest rates were identified as the single biggest factor that could improve market conditions (23%), followed by improved lender confidence (20%) and greater availability of finance (16%). The findings suggest that whilst confidence has weakened further, developers remain focused on progressing opportunities where possible, increasingly looking towards specialist lenders capable of providing the speed, flexibility and certainty required to navigate today’s more complex market. Jonathan Samuels, CEO of Octane Capital, commented: “The second quarter has seen confidence soften further, with developers clearly becoming more cautious about both current market conditions and the prospects for the remainder of the year. Build costs remain stubbornly high, planning delays continue to frustrate development activity, and wider economic uncertainty is making it increasingly difficult for developers to commit to new projects with confidence. At the same time, we’re seeing specialist finance become more important than ever. The continued increase in demand reflects the fact that developers still want to transact, but they’re increasingly looking for lenders that can provide the speed, flexibility and certainty needed to navigate a far more complex market. Whilst sentiment has undoubtedly weakened, opportunities still exist for those able to move decisively, and that’s exactly where specialist finance continues to play such an important role.” Data Tables and Sources Building, Design & Construction Magazine | The Choice of Industry Professionals
Jacobs appointed by Great British Energy – Nuclear to support planning for new UK nuclear projects
Planning services for small modular reactor (SMR) development and major project approvals Jacobs has been selected by Great British Energy – Nuclear (GBE-N) to provide planning and consenting services for the proposed small modular reactors (SMRs) development in the U.K. Jacobs will provide strategic planning, consent support and leadership to key land-use planning activities to help advance required project approvals. Initially, the focus will be on new nuclear development at the Gwyndod (formerly Wylfa Newydd) and Oldbury-on-Severn sites, with the potential to include additional sites that will support GBE-N’s future ambitions. Work is likely to include Development Consent Order and Town and Country Planning Act applications. The services will be delivered with planning subconsultant Quod. The work will also entail statutory stakeholder engagement, socio-economic and traffic and transport assessments to help inform project planning and community considerations. Jacobs Executive Vice President Richard Sanderson said: “New nuclear generation will play an important role in strengthening energy security and supporting the transition to lower-carbon power systems. Delivering this project requires careful planning, robust engagement with communities and a clear path through complex regulatory processes. Our integrated team will support GBE-N in advancing the planning framework for their sites, enabling development proposals to be informed by strong analysis, stakeholder input and long-term regional considerations.” GBE-N Chief Executive Simon Roddy added: “Continuing to deliver the first of the U.K.’s fleet of SMRs with pace and focus will require a deep understanding of the planning and consenting processes for energy infrastructure in the U.K., and I’m pleased to have appointed Jacobs and Quod to help us in this effort.” Jacobs will help guide planning applications and post-application activities, including engagement with planning authorities, regulators, communities and other groups. The team will also contribute to socio-economic and traffic and transport assessments to help inform regional impacts and workforce considerations. Jacobs’ appointment builds on more than 60 years of experience delivering global civil nuclear solutions across the full asset lifecycle in highly regulated environments—from new build programs to decommissioning and waste management and disposal. The company continues to play a leading role in the U.K.’s civil nuclear industry, contributing to major programs such as Sizewell C, Hinkley Point C and Sellafield. The company was also recently selected by GBE-N to provide environmental services for potential SMR nuclear development at its Oldbury site. This experience planning for SMRs will also have increasing relevance across the globe as the energy sector looks to keep pace with demand. At Jacobs, we’re challenging today to reinvent tomorrow – delivering outcomes and solutions for the world’s most complex challenges. With approximately $12 billion in annual revenue and a team of approximately 47,000, we provide end-to-end services in advanced manufacturing, cities & places, energy, environmental, life sciences, transportation and water. From advisory and consulting, feasibility, planning, design, program and lifecycle management, we’re creating a more connected and sustainable world. See how at jacobs.com and connect with us on LinkedIn,Instagram, X and Facebook. Jacobs employs more than 6,000 people across the U.K., operating from 15 core offices and over 35 additional sites. Working with HM Government, local authorities and the private sector, Jacobs helps shape and deliver the nation’s most critical infrastructure, energy, environmental and community programs — creating social value by improving resilience, driving economic growth and enhancing quality of life. Building, Design & Construction Magazine | The Choice of Industry Professionals
Jan Green becomes Chief Commercial Officer for STARK Building Materials UK
STARK Building Materials UK has appointed Jan Green as Chief Commercial Officer, strengthening its senior leadership team as the business continues to develop its commercial strategy and industry partnerships. Jan brings more than 12 years’ experience in the building materials and distribution sector, having held senior commercial roles with other leading merchants. She has extensive expertise in developing supplier relationships, identifying opportunities for growth, and creating greater value for customers and commercial partners. In her new role, Jan will focus on strengthening STARK UK’s partnerships with suppliers and ensuring they have the support, insight and visibility needed to succeed in an evolving and challenging market. She will also work across STARK UK and its brands to help make the business the go-to merchant for products and materials, connecting strong supplier partnerships with the changing needs of customers. Jan’s appointment will build on STARK UK’s customer-first approach and support its ambition to be the UK’s number one building and materials distributor and partner of choice. Jan said: “I’m thrilled to be stepping into the role of Chief Commercial Officer for STARK Building Materials UK. The business has strong foundations and trusted relationships with customers and suppliers, giving us an exciting platform from which to grow. “I’m looking forward to working with colleagues and partners across the industry to strengthen those relationships, create new opportunities and make a positive difference to our business, our customers and the wider sector.” Commenting on her appointment, Ian Goldsmith, Chief Strategy Officer at STARK UK, said: “Jan’s expertise in the building and materials distribution sector combined with her passion for developing strong and lasting supplier and customer relationships is a huge asset to STARK UK. I have no doubt she will make a meaningful impact on both our business and the industry as a whole.” Building, Design & Construction Magazine | The Choice of Industry Professionals
Crystal Palace National Sports Centre Redevelopment Cleared for Construction
The long-awaited transformation of the Crystal Palace National Sports Centre has taken a major step forward after planning permission was granted for the landmark redevelopment, with main contractor Morgan Sindall expected to begin work before the end of the year. The extensive refurbishment will revitalise the iconic 15-hectare sporting venue, modernising its facilities while carefully preserving the heritage and architectural significance of one of the UK’s most recognisable sports complexes. The redevelopment has been designed to create a modern, sustainable and accessible destination capable of supporting everyone from grassroots participants to elite athletes, securing the centre’s future as a leading sporting and community asset for London. Morgan Sindall will lead the construction programme, delivering a comprehensive upgrade that balances contemporary sporting requirements with the conservation of the site’s historic features. The project also places a strong emphasis on sustainability, ensuring the refurbished centre meets modern environmental standards while extending the lifespan of the existing buildings. A multidisciplinary consultant team has been assembled to deliver the scheme, bringing together sports masterplanning specialists WOO Architects, architects FaulknerBrowns, decarbonisation and sustainability consultants Max Fordham, structural engineers and heritage conservation experts Alan Baxter Associates, together with Employers Agent and commercial advisers Currie & Brown. For the construction and built environment sectors, the project highlights the growing importance of breathing new life into existing public assets through sensitive refurbishment rather than wholesale redevelopment. The scheme combines heritage conservation, sustainable construction and specialist sports facility design, demonstrating how major public infrastructure can be modernised to meet future demands while respecting its architectural legacy. Alongside the physical improvements, Morgan Sindall has already begun delivering social value initiatives linked to the project, including education, training and skills programmes for local schools and communities. These initiatives are intended to leave a lasting legacy beyond the construction works by creating employment opportunities and encouraging greater participation in the built environment and construction industries. Richard Dobson, Area Director for Morgan Sindall in London, said: “We can’t wait to start delivering the Crystal Palace National Sports Centre renovation now that planning has been approved, as we know this project is going to unlock incredible benefits for so many people in the South London area. “The design for the revitalised centre is a real showcase for what can be achieved when ambitious, innovative planning for a sustainable sports centre is combined with considerate, insightful collaborations with the people, athletes and stakeholders that are going to be most affected by this transformative development.” He added: “I’m also incredibly proud of the social value work the team has already implemented, with a long list of training and upskilling opportunities provided for local schools and communities. This underlines the capacity for this project to change lives, and I can’t wait to see all the ways this momentum is going to be carried forward now that planning has been approved.” With construction expected to commence later this year, the redevelopment will restore one of Britain’s most historic sporting venues, ensuring Crystal Palace National Sports Centre continues to serve future generations while reinforcing its status as a flagship destination for sport, recreation and community activity. Building, Design & Construction Magazine | The Choice of Industry Professionals
Kier Secures Landmark Crown Estate Contract for Historic Piccadilly Redevelopment
Kier has been appointed main contractor for the landmark redevelopment of 10 Piccadilly, as The Crown Estate continues to progress its long-term transformation of London’s West End through a series of high-profile mixed-use regeneration projects. The appointment marks the next phase of The Crown Estate’s ambitious development pipeline, alongside the refurbishment of 21–29 Glasshouse Street, where BAM is serving as principal contractor. Together, the two schemes will deliver approximately 169,300 sq ft of high-quality office, retail and hospitality accommodation within one of London’s most prestigious commercial districts. Located at the gateway to Piccadilly Circus, 10 Piccadilly occupies one of the West End’s most recognisable heritage buildings, completing the iconic curve of Regent Street. The Grade II listed property has played a significant role in London’s retail history, having originally housed the famous Swan & Edgar department store before becoming home to Tower Records during the 1980s. Kier will deliver a comprehensive refurbishment of the 90,800 sq ft building, carefully preserving its historic character while creating a contemporary mixed-use destination designed to meet the evolving needs of occupiers and visitors. The redevelopment will provide approximately 62,700 sq ft of premium office accommodation, alongside a 26,400 sq ft hospitality offering spread across the basement, ground and first floors. A further 1,700 sq ft of retail space fronting Regent Street will reinforce the building’s presence within one of the UK’s premier shopping destinations. For the construction and property sectors, the project highlights the continued demand for high-quality retrofit and heritage-led regeneration across central London. Rather than replacing existing buildings, the scheme demonstrates how historic assets can be sensitively adapted to deliver modern, sustainable commercial space while preserving their architectural significance. The development also forms part of The Crown Estate’s wider strategy to enhance its 10 million sq ft London portfolio through long-term investment in mixed-use destinations that combine offices, retail, hospitality and improved public spaces. In parallel with the building projects, The Crown Estate is working in partnership with Westminster City Council to deliver major public realm improvements across Regent Street, Haymarket and Piccadilly Circus, creating a more attractive and accessible environment for businesses, workers, residents and visitors. Kristy Lansdown, Managing Director of Development at The Crown Estate, said: “These developments mark the next step in our long-term vision for the West End, redeveloping historic buildings to reinvigorate an equally historic place. “By taking an estate-wide view, we can invest in the places and experiences that help the West End succeed on the global stage – places such as 10 Piccadilly and 21–29 Glasshouse Street, where we are sensitively bringing heritage assets into their next chapter, creating outstanding new office, retail and hospitality spaces for London. “Our ambition is to shape a destination that continues to attract world-class businesses and visitors, while strengthening the city’s future resilience. Through long-term planning and investment, we are working to deliver a West End that will thrive for generations to come.” The appointment of Kier marks another significant milestone in the ongoing regeneration of the West End, where heritage conservation, sustainable retrofit and mixed-use development continue to reshape one of the world’s most iconic commercial and retail destinations. Building, Design & Construction Magazine | The Choice of Industry Professionals