King’s Cross Greenlights £500m Regeneration to Deliver Homes, Jobs and New Public Spaces
A major £500m mixed-use regeneration project close to London’s King’s Cross knowledge quarter has been given the green light, paving the way for hundreds of new homes and substantial employment space. The development, led by Camden Council in partnership with Ballymore and Lateral, will transform a complex site at Camley Street, bordered by railway lines and split by a major road. Delivered through the Council’s Community Investment Programme, the scheme is being positioned as a model for how local authorities can unlock challenging inner-city locations. Planning approval covers the unification of two brownfield sites to provide 401 new homes alongside more than 350,000 sq ft of office and employment space. Around half of the homes will be classed as genuinely affordable. The scheme will be built across six buildings ranging in height from eight to 30 storeys. Site A will be led by Camden as developer and will feature three interconnected mixed-use residential blocks, designed in terracotta and red brick, rising between eight and 13 storeys. Site B will accommodate a 30-storey residential tower, a 12-storey commercial building, and an eight-storey mixed-use block with homes above ground-floor commercial space. Under the agreed structure, Camden is providing the land on a long leasehold basis to the joint venture. While Ballymore will oversee demolition works on Site B, the Council will initially fund these works, with costs later reimbursed through partner contributions and the first land receipt payment. More than 200 private-sale homes delivered by Ballymore will generate capital receipts, which Camden plans to reinvest into the delivery of social housing on Site A and other Community Investment Programme projects. The proposals are rooted in a landscape-led approach, prioritising walking and cycling routes, public squares and play spaces designed to enhance health, wellbeing and biodiversity. A car-free strategy will improve connections to Regent’s Canal and protect future links to the proposed Camden Highline, reflecting a broader national shift towards low-car, active-travel neighbourhoods. Camden Council estimates the development will create more than 1,000 job and training opportunities, including apprenticeships and school placements. These are intended to open pathways into life science, technology and digital careers for local residents, while maximising the wider economic benefits of the scheme. The first homes are expected to be ready for occupation by late 2030. The project team includes architects Feilden Clegg Bradley Studios and Morris + Company, with Hoare Lea providing MEP services and Aecom and Gardiner & Theobald acting as cost consultants. Building, Design & Construction Magazine | The Choice of Industry Professionals
NatWest sets new £10bn funding ambition for UK social housing
NatWest has today announced a new package of £10 billion of funding to the UK social housing sector before the end of 2028, which when deployed will bring the total funding to social housing in the UK to over £35 billion* since 2018. Through this new ambition, the bank is aiming to support the delivery and maintenance of social housing in the UK, which is vital to the people and families who rely on affordable housing, as well as the wider economy. NatWest has worked with not-for-profit housing associations across the UK to support their growth and development plans building homes and communities for many years. Recent government commitments will help unlock development and speed up delivery. In response, NatWest is committing billions in funding to housing associations, to help enable the development of high quality homes across the UK and support economic growth. The bank also confirmed it has now provided more than £25 billion of funding into the social housing sector since 2018, helping to create and sustain affordable homes nationwide. NatWest aims to support the delivery and upkeep of social housing across the UK, helping housing associations build new homes, upgrade existing properties, and improve living conditions. Some of this lending can help fund energy efficiency and environmental improvements, including retrofit projects. Other funding can help the housing associations sector to deliver a pipeline of new homes and improve living conditions in existing properties. Paul Thwaite, CEO NatWest Group comments: “We are incredibly proud to announce the early achievement of our £7.5 billion UK social housing lending ambition. Delivering this milestone a full year ahead of schedule demonstrates our commitment to making a real difference in people’s lives by investing in the homes and communities that need it most, and shows the demand in the market. “Reaching this lending ambition early has enabled us to set a new target of £10 billion to year-end 2028, so we can continue to provide social housing lending and play our part in supporting the development and availability of affordable and social rent homes across the UK.” Chancellor of the Exchequer Rachel Reeves said: “This government is backing a step change in affordable housing to end the housing crisis, with £39 billion for a new social and affordable homes programme and 10 year rent certainty for the sector. “NatWest’s investment will be vital in helping housing associations deliver thousands of affordable homes for families priced out of home ownership, building an economy that works for and rewards working people.” The announcement forms part of the bank’s new five point Growing Together plan, setting out how the bank will help build the conditions for UK wide growth: backing powerful regions, championing mid-market companies, strengthening the country’s infrastructure and housing foundations, boosting financial confidence amongst families and young people, and supporting the innovators shaping the future economy. Drawing on its regional footprint, expertise and convening power, the bank aims to bring businesses, communities, and policymakers together to tackle structural barriers, unlock productivity and spread opportunity across the UK. Recent research from Shelter revealed that 382,618 people are homeless in England – including 175,025 children. And the number of people officially recorded as homeless has risen by 8% in one year. According to Shelter, the shortage of social homes, unaffordable private rents and the freeze on housing benefit are pushing more people into homelessness and trapping them there. With limited pathways into secure, affordable homes, many people risk becoming stuck in temporary accommodation intended for short-term use, for months or even years. Over 90% of the people recorded as homeless – including 84,240 families – are in temporary accommodation. In addition to these commitments, last year NatWest announced several other initiatives and partnerships that have complemented and contributed to our social housing lending ambition being achieved. These include a financial guarantee of up to £400 million from the National Wealth Fund to cover a series of new loans from NatWest to registered providers of social housing stock in the UK. The bank also launched a new social rent loan product to support housing associations, which are already NatWest customers, to support the construction of social rent houses across the UK. In December 2025, this fund was doubled to £1 billion in response to strong demand and to help continue the delivery of homes for social rent across the country. These initiatives complement NatWest’s ongoing dedication to supporting communities and helping to address the housing crisis. VIVID secures £100m from NatWest as part of landmark £500m social loan fund In November 2025, UK housing association VIVID, secured £100 million in funding from NatWest as part of the bank’s social loan fund, designed to support the delivery of homes for social rent across the country. VIVID was the first to draw down funds from this. The facility offers discounted interest margins and no arrangement fees, meaning housing associations could save significant sums in finance costs and reinvest those savings into building and improving homes for those who need them most. These homes for social rent are expected to help ease the shortage of social homes, support vibrant local communities, and the funding should give VIVID the flexibility to keep building where it matters most. It will go towards building an additional 450 new social rent homes for more customers and comes with a 10-year loan term, providing stability for long-term investment. David Ball, Chief Financial Officer at VIVID, said: “NatWest’s new social rent loan product gives housing associations the financial flexibility to build more homes at social rent levels. The overall rate discount being offered is an innovative step change that shows NatWest’s commitment to supporting the Government’s Social Rent led agenda.” Building, Design & Construction Magazine | The Choice of Industry Professionals
Recycling specialist set to open state-of-the-art facility at Goodman’s Crossways Commercial Park
Enva, a leading recycling and resource recovery specialist, has signed a pre-let on a new 124,000 sq ft fridge recycling facility at Goodman’s Crossways Commercial Park in Dartford, Kent. The state-of-the-art development will enable 35,000 tonnes of e-waste (Waste Electrical and Electronic Equipment), equivalent to the weight of three Tower Bridges, to be processed each year, increasing Enva’s recycling capacity across London and the South East, while providing a UK-wide service for its customers. Set to complete in late 2026, it will be the largest facility of its type and one of the most innovative fridge recycling plants in the UK. Benefitting from 2MVA of power and an additional 678kWp of rooftop solar photovoltaics (PV), it has been designed to support the latest degassing, shredding and recycling technologies. This will enable over 98% of fridge components to be recovered for reuse or transformed off-site into new manufacturing materials. Barry Phillips, Managing Director at Enva, said: “This new facility demonstrates a continued commitment to delivering our long-term growth strategy. By investing in the latest technology to safely and sustainably process end-of-life fridges, this facility will help us create significant environmental and commercial value for our customers and support a more resource-efficient and circular economy.” Enva will join Albion Fine Foods, a premium ingredients supplier, and Mission Produce, a global leader in the distribution of avocados, at Crossways Commercial Park. Located minutes from J1a of the M25, its strategic location provides excellent South East coverage, while placing a large available workforce within easy reach. George Glennie, Development Director at Goodman said: “Whether customers are looking to expand their operations or drive efficiencies in their supply chains, Crossways Commercial Park provides high-quality, flexible space that can meet their needs over the long term. Set within a well-established logistics park, it also offers an attractive working environment with extensive landscaping and views across the River Thames and surrounding lakes. “This new facility will enable Enva to significantly increase its operational capacity and with sustainability at the heart of its business, invest in innovative, high-tech solutions to maximise resource recovery.” Now under construction, Phase 2 at Crossways Commercial Park will deliver a total of 320,000 sq ft of industrial and logistics space across three units. Designed to achieve BREEAM ‘Excellent’ standards and A+ energy performance ratings, the properties will offer highly sustainable space that reduces energy use and supports customers with long-term operational cost savings. To find out more about Crossways Commercial Park and the final leasing opportunities available, please visit the website for further details: https://uk.goodman.com/property-lease-site/crossways-commercial-park Building, Design & Construction Magazine | The Choice of Industry Professionals
Art Deco Icon Cleared for New Life as City Hotel
Plans to transform a landmark Art Deco office building in the City of London into a major new hotel have been approved, unlocking the future of a long-vacant heritage asset. Developer Dominus, working in partnership with Cheyne Capital, will convert Ibex House into a 382-key full-service hotel. The Grade II-listed building, located at 42–47 The Minories, dates from 1935 to 1937 and is widely recognised as one of the City’s most distinctive Art Deco commercial buildings, positioned close to Aldgate, Fenchurch Street and Tower Hill. The approved scheme will see the former office space repositioned as a high-quality hotel designed by Studio Moren, with a strong focus on retention, reuse and heritage-led regeneration. Plans preserve the entire existing substructure and around 90 per cent of the superstructure, significantly reducing embodied carbon while allowing key historic elements to be restored. More than 50,000 sq ft of public space will be created, including a large conference centre featuring a ballroom and flexible meeting facilities. The proposals also include a new café and the restoration and reopening of the historic Peacock pub at ground level, re-establishing it as an active part of the local streetscape. The development will also introduce an on-site Hospitality Academy, delivered in partnership with Springboard, aimed at training local residents and supporting people facing barriers to employment. The hotel is scheduled to open in late 2028 and will be operated by Dominus’ in-house hotel platform as it continues to expand its central London portfolio. Preet Ahluwalia, chief executive officer at Dominus, said the scheme would bring a long-unused building back into productive use while celebrating and preserving its Art Deco character. The wider professional team includes Iceni Projects, Meinhardt Group, Spacehub, Pell Frischmann, Montagu Evans and Concilio. Building, Design & Construction Magazine | The Choice of Industry Professionals
Vinci Steps In to Deliver £73m Southport Events Venue
Sefton Council has appointed Vinci Building as its preferred contractor for the £73m Marine Lake Events Centre in Southport, bringing momentum to a project that has faced previous delays. Vinci Building has now signed a pre-construction services agreement with the council and will work alongside the project team over the coming months to prepare the waterfront scheme for delivery. The appointment follows unsuccessful negotiations with Kier and John Graham Construction last year, making Vinci the third contractor to be lined up for the scheme. The Marine Lake Events Centre is planned as a multi-purpose venue capable of hosting entertainment, conferences and major events. It will replace the former Southport Theatre with a new 1,200-seat auditorium alongside exhibition and flexible event space. While the main construction contract has yet to be signed, Sefton Council said full works are expected to start later in 2026. Significant enabling works have already been completed, including the demolition of the old theatre building and extensive sheet piling along the lakefront to create new retaining walls. The council and Vinci Building are already partners on the Bootle Strand regeneration project, providing a foundation for collaboration on the Southport scheme. Council leader Marion Atkinson said the authority was confident in the appointment, citing a shared vision and commitment to delivering a complex and ambitious project. She added that the new venue would create jobs, attract hundreds of thousands of visitors and provide a world-class events destination for the borough and the wider Liverpool City Region, delivering long-term economic and cultural benefits. Vinci Building regional director Gary Hughes described the project as a flagship opportunity for the contractor. He said the appointment would allow Vinci to work closely with local businesses and the Southport community, with benefits expected both during construction and long after completion as the council’s ambition to attract major events to the town takes shape. Building, Design & Construction Magazine | The Choice of Industry Professionals
£250m Cancer Centre Set to Rise at Royal Sussex Hospital
Laing O’Rourke has been appointed as main contractor for a major new £250m cancer centre at the Royal Sussex County Hospital. The project has moved a significant step forward after funding was formally confirmed by the UK Government and the New Hospitals Programme. Once complete, the new facility will serve as a regional Centre of Excellence for cancer care, supporting patients across Brighton & Hove and the wider Sussex area. The scheme builds on the successful completion of the neighbouring The Louisa Martindale Building, also delivered by Laing O’Rourke, reinforcing the contractor’s ongoing role at the hospital campus. Peter Lyons, Managing Director at Laing O’Rourke, said the project would be transformative for both patients and staff. He highlighted the company’s extensive experience in hospital delivery, noting that lessons learned from previous healthcare schemes would be used to improve safety, efficiency and build quality. The contractor plans to draw on digital design, offsite manufacturing and its integrated supply chain to streamline construction while reducing disruption for local residents. These methods are expected to support faster, safer delivery while maintaining a high-quality clinical environment. The new cancer centre is set to play a central role in the future of specialist care in Sussex, offering modern facilities designed to enhance patient experience and create a better working environment for healthcare professionals. Building, Design & Construction Magazine | The Choice of Industry Professionals