Amcomri snaps up Enerveo compliance arm in £1 deal to fuel growth
Engineering services group Amcomri Group is set to acquire the compliance and testing division of Enerveo in a £1 deal. The transaction will be carried out through GridCore Electrical Services, a newly formed subsidiary of Amcomri. Enerveo, which is owned by SSE, has entered into a Business Purchase Agreement to sell its National Compliance and Testing division, with completion expected towards the end of May. The deal remains subject to the successful transfer of contracts and employees to GridCore. For the year ending 31 March 2025, the division generated revenues of around £5 million. Amcomri will acquire net assets valued at approximately £1.5 million for just £1, including an established customer base and an experienced operational team. The move comes during a challenging period for Enerveo, which reported a 10.8 per cent drop in revenue to £194.7 million, down from £218.4 million the previous year. The business also recorded an operating loss of £800,000, compared with an £800,000 profit in FY2024, reflecting exceptional costs and ongoing strategic restructuring. This includes the disposal of its Infrastructure Solutions arm, which incurred a £3.5 million charge as part of preparations for sale. Despite these pressures, Enerveo strengthened its financial position, with net assets rising to £33.4 million following recapitalisation by SSE. Amcomri said the acquisition will strengthen its presence in the power electrical maintenance and engineering sector, a key strategic focus for the group. It will also complement businesses such as Drurys Engineering and Claro Precision Engineering, both acquired in 2024. The deal marks Amcomri’s third acquisition since joining the Alternative Investment Market in December 2024. Looking ahead, the group expects strong financial performance for FY2025, with adjusted EBITDA forecast to rise by 17 per cent to more than £9 million. Revenues are also projected to increase by 22 per cent to around £70.9 million, up from £58.1 million. This growth has been driven by consistent demand across Amcomri’s core markets, particularly within its Embedded Engineering division. The division has secured major new contracts with both new and existing clients, including a £12.9 million agreement with a UK-based renewable energy developer, to be delivered over the next two financial years. Further momentum has been supported by strong demand from the defence and civil aerospace sectors. Chief operating officer Mark O’Neill said the acquisition presents strong opportunities for collaboration across the group’s engineering businesses. He added that the company is now focused on completing the deal and working closely with the National Compliance team as the integration progresses. Further updates are expected in due course. Building, Design & Construction Magazine | The Choice of Industry Professionals
NBS accelerates global rollout in Nordics and APAC, following US launch success
International reach enables UK-based architects and manufacturers to collaborate seamlessly across markets Today, NBS (part of Hubexo), the platform for connected construction information, announces further international expansion of its specification and product information platforms, known outside the UK as Lattira Spec and Lattira Source. The Lattira product suite is built on the established technological framework of the NBS Chorus and Source platforms, providing a robust approach to project specification and construction product research for architects, engineers and other construction professionals. As part of the expansion, specification content tailored to the USA has been developed, bringing added value for UK practices with projects in these regions. Building on Lattira Spec’s successful US market entry in February 2026, Lattira Source will roll out across the Nordics throughout the first half of this year, with Lattira Spec and Source launching in Australia and New Zealand later on. This expansion addresses a key challenge the industry faces globally: balancing standardised design approaches with local market realities. Lattira brings together trusted specification content and verified data in one clear, structured platform. As with NBS Chorus and NBS Source, the suite works as a unified system. Manufacturers can upload construction product information through Source, making products instantly discoverable for specifiers using Spec. This approach helps to keep products up to date across the entire platform with real-time updates. Empowering architects with localised specification tools Lattira Spec is the first global specification writing platform with integrated, region-specific content. It enables design teams to write specifications with locally relevant standards and product information, regardless of project location. Key benefits for specifiers: Connecting manufacturers with design professionals globally Lattira Source connects construction product manufacturers directly with specifiers and architects across multiple markets, enabling them to showcase their products to design professionals worldwide through a single platform. Key benefits for manufacturers: Connecting UK expertise with global opportunities The Lattira suite is built on international data standards and years of proven expertise in digital construction information management. It creates a global ecosystem that connects markets, streamlines workflows and drives stronger collaboration among professionals, suppliers and manufacturers worldwide. Commenting on this milestone Joakim Percival, Chief Product Officer at Hubexo said: “Lattira Spec and Source are driving Hubexo’s ambition to create the world’s first global specification writing platform with fully integrated content. “Lattira is changing the game in how the construction industry collaborates across borders. For UK-based NBS subscribers, this expansion means the ability to work on international projects with the same confidence they have domestically. Meanwhile, global manufacturers gain direct access to design teams across multiple markets, creating an interconnected ecosystem for the construction industry. When our teams across continents work together, it’s about transforming how construction professionals communicate and work together, regardless of where they’re based.” With more than 50 years of history, NBS is a trusted specification system used by UK architects, engineers and manufacturers. In the UK, the platforms will continue to operate under the established NBS Chorus and NBS Source branding. Inclusion in regional markets requires a separate subscription. For further information, please contact NBS. Building, Design & Construction Magazine | The Choice of Industry Professionals
Year of growth underpinned by investment fund client wins
National independent national commercial building, project and sustainability consultancy Jones Hargreaves has added a series of European based investment funds to its client base during a further year of growth. During the year ended 31 December 2025, Jones Hargreaves completed more than 900 instructions and increased its headcount from 39 to 55. Meanwhile, its revenue increased by 26% compared to the year-ended 31 December 2024. During 2025, the consultancy added several European investment funds to its client roster, including Iroko Zen, Epsicap REIM, Alderan and Inter Gestion. Jones Hargreaves works with a range of developers, investment funds, financial institutions, property companies and occupiers to help them realise value on every project or portfolio. Work also began on a number of instructions for Marks & Spencer as part of their £500m+ store rotation program to modernize their estate. Other instructions completed during the year included a full portfolio of building appraisals for Modella Capital as part of a key retail acquisition, together with large scale national portfolio acquisitions for Farran Investments, Colombia Threadneedle and Canada Life. The team also concluded the multi-million pound refurbishment of 99 Queen Victoria Street, London, for Fidelity International. Expanding the client base has been the catalyst for further investment in the Jones Hargreaves team. In the last 12 months, the consultancy has increased headcount in all of its existing locations and opened a Birmingham office; as well as supported 12 internal promotions and 3 APC passes for graduate team members. Matthew Jones, Founding Partner at Jones Hargreaves, said: “2025 was a year in which we were able to broaden our work to continue providing real value to a range of large-scale funds managing a whole host of commercial assets right across the UK. This has been possible because of the expert team we have, working across disciplines that our clients find much more helpful to have access to under one roof. “I’m really proud of the way in which our team is organically growing to meet demand. Not only does this allow our senior team to shine and thrive on exciting projects, securing new clients allows us to also invest in the next generation of commercial property professionals who are able to cut their teeth in a fast paced multi-disciplinary environment.” Jones Hargreaves is a sound, self funded business, with a growing multi-disciplinary team trusted to deliver quality work to strict deadlines. Jones added: “Our team has the knowledge, experience and ability to overcome difficult periods in the property industry with a clear understanding of the markets and impacts of decisions at senior level.” Jones Hargreaves’ expert multi-disciplinary team of building surveyors, ESG consultants and electrical & mechanical engineers advise on a range of commercial assets spanning predominantly industrial, office and retail space. With a number of large-scale retained clients, Jones Hargreaves is astute in delivering building projects together with dilapidations, TDDs, ESG work and much more. Established by founders Matthew Jones and Peter Hargreaves, and joined by Managing Partner, Matt Williams, the consultancy is a growing business which has a commitment to investing in its team and the next generation of the property industry. Jones Hargreaves has offices in Manchester, Leeds, London, Cardiff, Glasgow, Bristol, Cardiff and Birmingham – enabling the team to offer expert regional insight with a truly national approach. For more information, visit www.joneshargreaves.co.uk Building, Design & Construction Magazine | The Choice of Industry Professionals
Panattoni appoints Nick Cripps as Head of International Capital Markets to lead next phase of global growth
Panattoni, the world’s largest privately owned industrial real estate developer, has appointed Nick Cripps as Head of International Capital Markets, reflecting the continued expansion of its global investment platform and the increasing importance of coordinated capital deployment. The appointment comes at a point of significant scale for the business. Panattoni has deployed approximately €60 billion of capital globally since inception in 1986, including more than €28 billion across Europe, UK and India since 2005 through over 750 investments. The company has delivered approximately 271 million sq ft across Europe, the UK and India with 28 million sq ft under construction, operating across 18 countries and 47 offices. This scale has been built on a model that combines global sources of capital with local execution. Panattoni works with a wide range of investor types across North America, Europe, Asia, and the Middle East, providing direct access to logistics and industrial real estate investments tailored to a diverse set of investment strategies. Its ability to deploy capital flexibly across geographies and asset types, and respond quickly to evolving markets, has enabled the business to grow consistently through market cycles. Nick joined Panattoni five years ago as Head of UK Capital Markets and has played a central role in building and scaling these relationships. During this time, he has established joint ventures with some of the world’s leading investors and supported the deployment of capital across multiple jurisdictions and investment strategies. His role has focused on both the formation of new capital partnerships and the execution of investment mandates built around evolving occupier trends and supply dynamics. This reflects Panattoni’s approach of deploying capital where supply chain activity is strongest and where long-term fundamentals support development at scale. In his new role, Nick will lead Panattoni’s international capital markets strategy across 18 markets spanning Europe, the United Kingdom, the Middle East, and India. His focus will be on strengthening institutional partnerships, enhancing coordination across regions, and ensuring consistent execution of capital strategies across the platform that will allow Panattoni to continue to be fully responsive to the evolving needs of our clients Robert Dobrzycki, CEO and Co-Owner of Panattoni Europe, UK, Middle East and India, said: “As our platform continues to scale across multiple markets, the ability to align capital with opportunity is increasingly important. Nick has been instrumental in building the relationships and structures that underpin our growth, and this expanded role ensures we can continue to deploy capital effectively across our international business.” Nick Cripps, Head of International Capital Markets at Panattoni, added: “We have built a platform that provides investors of all types with access to one of the world’s most dynamic real estate sectors, combining broad geographic reach with the agility to respond to evolving market conditions and global supply chain dynamics. As we enter the next phase of our growth, I am excited to lead our international capital markets platform, with a focus on delivering consistent excellence across all markets, while further broadening and strengthening our strategic capital relationships through solution-oriented, results-driven partnerships.” Building, Design & Construction Magazine | The Choice of Industry Professionals
Stoford completes new Worcestershire HQ for global manufacturer, MiTek
Leading commercial property developer, Stoford has completed a bespoke manufacturing facility for MiTek at Worcester Six Business Park. The 278,048 sq ft building consolidates MiTek’s UK and European operations, serving as the business’ EMEA headquarters. Delivered by main contractor Benniman, the development is the first to be delivered on the southern extension. Completion follows a ribbon cutting ceremony which was attended by MiTek Chairman and CEO, Mark Thom who travelled from the United States for the occasion. Stoford directors Edward Peel and Alex Morgan, and senior dignitaries from both Worcestershire County Council and Wychavon District Council were also present. James Morgan, Managing Director at MiTek: “Opening our home at Worcester Six marks a new chapter in MiTek’s journey as an offsite construction enabler. This facility establishes our European hub for streamlining design, manufacturing, and innovation, and offers a collaborative space where partners across the industry can co-create solutions that accelerate timber construction and raise standards for everyone.” Edward Peel, Director at Stoford: “MiTek’s decision to establish its EMEA headquarters at Worcester Six is significant for the region. It further strengthens Worcestershire’s reputation as a hub for international business. We’re extremely proud to have achieved practical completion on this state-of-the-art facility which will support new jobs, attract long-term investment, and contribute meaningfully to the region’s economic growth for years to come.” Councillor Alan Amos, Cabinet Member with Responsibility for Business and Skills at Worcestershire County Council, said: “This is great news for Worcestershire and for local people. MiTek choosing to base its European headquarters here shows the confidence global companies have in our area. Developments like this bring skilled jobs, investment and long-term benefits for the local economy.” Cllr Richard Morris, Leader of Wychavon District Council and Executive Board Member for Economic Growth and Tourism, said: “Securing one of the largest business developments the county has seen in many years reflects the strength of Worcester Six as a location and is a sign of confidence in Wychavon and Worcestershire as a whole. MiTek’s decision to base its EMEA headquarters here brings high-value jobs, long-term investment and international visibility, reinforcing Wychavon’s reputation as a place where ambitious businesses can grow and succeed.” Worcester Six is a high-quality business park, located off junction 6 of the M5, that has already attracted a number of world class businesses to the region, including: Alliance Flooring Distribution, IONOS, ZwickRoell, Kohler Mira, Sierra Engineering, Siemens, Spire Healthcare, Kimal, Super Smart Service, Stop Start Logistics and Bidfood. For details about availability at Worcester Six, please contact the schemes retained agents: Charles D’Auncey at Harris Lamb – charles.dauncey@harrislamb.com or Tom Arnold at Colliers – tom.arnold@colliers.com. Building, Design & Construction Magazine | The Choice of Industry Professionals
Bouygues UK Secures Planning Permission For Landmark 1,945 Bed LSE Student Accommodation At Bankside
Bouygues UK, in partnership with the London School of Economics and Political Science (LSE) and leading infrastructure investor Equitix, has secured planning permission from the London Borough of Southwark for the transformative redevelopment of Bankside House. The new 1,945-bed student residence, located at 24 Sumner Street, SE1 – just steps from Tate Modern and the heart of Bankside’s cultural district – will break ground in 2027 and is scheduled to open before September 2032. The scheme represents one of the largest purpose-built student accommodation developments in central London replacing the existing mid-century office conversion with a landmark piece of civic architecture. The project will deliver high-quality, affordable student living and create new public amenities for the Bankside community. Addressing Student Need This significant investment directly supports LSE’s 2030 Strategy goal to offer 6,000 university-controlled bed spaces and guarantee an accommodation offer to every new first-year student. With over 12,000 full-time students, around 60% currently rely on London’s private rental market accommodation. The Bankside redevelopment will make a major contribution to closing this gap, easing housing pressure and supporting student access. Excellence in Development and Construction Bouygues UK is leading both the development and construction of this landmark project, drawing on its track record in sustainable, large-scale delivery in complex urban environments, in partnership with leading infrastructure investor Equitix. Bouygues UK’s team has managed the project from the outset: overseeing an international architectural competition, community and stakeholder engagement, and all planning processes, working closely with design partners Carmody Groarke and Sheppard Robson, as well as planning advisors Montagu Evans Planning, Heritage & Townscape, Viability and Socioeconomics The approved design features three stepped towers of 24, 26 and 28 storeys, linked by two low-rise pavilions, all arranged around generous landscaped courtyards. At ground level, new public routes and active frontages will seamlessly connect Sumner Street with the wider Bankside cultural quarter, creating an open, welcoming environment for students and the local community alike. Sustainability and Innovation Environmental performance is at the core of the development. The scheme targets BREEAM Excellent (with an aspiration for Outstanding), follows WELL principles for health and wellbeing, and aims for Passivhaus certification for operational energy performance. The building will be all-electric, with high-performance insulation and extensive rooftop solar panels, achieving exceptionally low operational energy use (45–55 kWh/m²/year). Bouygues UK will target more than 99% diversion of construction waste from landfill and ensure at least 20% of materials by value are recycled or reused. Through structural optimisation and careful façade specification, the project will minimise upfront embodied carbon, setting a new benchmark for sustainable construction in the sector. Affordable Living and Social Value All student rooms will be offered at sub-market rents, with 15% of bed spaces meeting the London Plan’s definition of Affordable Student Accommodation. A diverse range of room types and price points will broaden access to LSE and help relieve pressure on the wider London rental market. The development is also designed to deliver significant community benefits, including: Quotes “Securing planning permission for Bankside House is a landmark moment for Bouygues UK and for the student accommodation sector in London. In partnership with LSE and Equitix, we’ve developed a scheme that puts affordability, sustainability and community at its core. We’re proud of the role we have had in bringing this project from concept to consent, and we look forward to delivering a building that will stand as a genuine piece of civic architecture for generations to come.”Oliver Campbell, Managing Director, Development, Bouygues UK “This is the culmination of a ten-year engagement with the borough on the redevelopment of our Bankside residences. Working with the Southwark team we have crafted an affordable, sustainable and high-quality design which will make a significant contribution to the borough. The scheme’s civic offer is incredibly strong with genuine public access and community uses integrated within the building and we can’t wait to see LSE’s world class estate extended south of the river.” Julian Robinson, Director of Estates, London School of Economics and Political Science “LSE’s aim is to guarantee an offer of accommodation to all new, first year students. Securing planning permission for Bankside House is a major step forward towards our goal. Our team are extremely excited about the new scheme and what it will mean for LSE students. I’d like to take this opportunity to thank the officers and Councillors in Southwark who have been so supportive of our vision for the site.”Ian Spencer, Director of Residential and Catering Services, London School of Economics and Political Science “Bankside House represents a new benchmark for socially impactful investment in central London and the London School of Economics’ role as an international centre of excellence. Securing planning approval is an important milestone for the project for all partners. Working alongside Bouygues and LSE, we remain committed to creating affordable, high‑quality student accommodation that will support the university, its students and the wider community for many years to come.”Hugh Crossley, CEO, Equitix “We are delighted that Southwark Borough Council has granted planning approval for LSE’s Bankside House. Conceived as three distinct yet connected houses, the project will provide an important new home for the LSE student community while contributing a confident addition to London’s river skyline. At ground level, a series of pavilions open the site to the city, strengthening the public realm and creating a welcoming threshold between LSE, the Bankside and the wider urban context. On a student scale, we wanted every room – both spatially and climatically – to be a genuinely good room, meeting Passivhaus standards and setting a new benchmark for sustainable design. We look forward to progressing the project in close collaboration with our partners, Bouygues UK, Equitix and LSE.”Rupert Goddard, Partner at Sheppard Robson and Rowan Seaford, Director at Carmody Groarke Next steps With planning permission now secured, Bouygues UK will progress detailed construction planning work, including its gateway 2 submission. The new Bankside House is scheduled to open before September 2032, ready to welcome its first cohort of students at the start