
Whitbread Faces Break-Up Pressure as Major Investor Demands Sale
Hospitality giant Whitbread PLC is facing mounting pressure after activist investor Corvex Management LP called on the company to launch a formal sale process, claiming it is the “only credible path” to unlocking shareholder value. Corvex, which holds an economic interest in more than 11.8 million Whitbread shares – representing around 7% of the business – issued a strongly worded letter to Whitbread’s board and shareholders criticising the company’s long-term strategy and financial performance. The investment firm argued that Whitbread’s current five-year growth plan continues to pursue “value-destructive” policies, despite concerns previously raised with the board in December 2025. Corvex claims the company has failed to respond to worsening market conditions and shareholder frustrations. At the centre of the criticism is Whitbread’s proposed expansion strategy, which includes plans to add around 14,000 non-AGP hotel rooms across the UK and Germany over the next five years. Corvex also opposed the company’s increased sale-and-leaseback target of approximately £1.5bn, arguing that monetising valuable freehold assets to fund future growth carries significant risk. The investor highlighted Whitbread’s recent share price struggles, noting the stock is currently trading at a 13-year low of around £23 per share and at less than eight times pre-tax profit. According to Corvex, the valuation implies the market is assigning little or no value to parts of Whitbread’s wider business portfolio, including its German hotel operations and development pipeline. Corvex further stated that Whitbread has delivered double-digit negative returns across one, three, five and ten-year investment periods, blaming what it described as persistent structural complexity and poor capital allocation decisions. The firm is now urging Whitbread to appoint an independent investment bank and commit publicly to a comprehensive sale process. It also called for an immediate pause on non-AGP growth expenditure and future sale-and-leaseback deals while strategic options are explored. Corvex warned that if the board refuses to pursue a sale, it is prepared to nominate a new slate of directors in an attempt to force strategic change at the company. Building, Design & Construction Magazine | The Choice of Industry Professionals

HALO points light up Liverpool City centre boosting safety and night-time economy
Liverpool City Centre has unveiled nine new Halo Points as part of Operation Halo, combining smart lighting technology, emergency support access and visible safe spaces to strengthen safety, tackle violence against women and girls and support the city’s thriving night-time economy. Merseyside Police and the Police and Crime Commissioner, in partnership with Liverpool City Council, have launched Halo Points as part of Operation Halo, marking the next phase of the initiative to tackle Violence Against Women and Girls (VAWG) and better protect people across Liverpool’s night‑time economy. The initiative is being funded by the Hyper-Local Policing Fund, awarded by the Home Office and secured by Merseyside’s Police and Crime Commissioner, Emily Spurrell, and Merseyside Police. What are Halo Points Halo Points are nine clearly identifiable, designated safe spaces located across key locations within Liverpool City Centre. Each point provides a place where anyone who feels unsafe, or at risk can seek immediate support, reassurance and practical help. Their visibility acts as a deterrent to offenders, while ensuring those who need help can access it quickly and discreetly. Each point will offer direct contact with emergency services via 999 and will be linked to City Watch CCTV, offering immediate reassurance and rapid intervention by VAWG champions or police officers for anyone feeling vulnerable or in distress. The launch builds on the earlier introduction of VAWG Champions, who are already embedded across venues and trained to recognise vulnerability, challenge harmful behaviour and respond effectively to incidents such as spiking. Signify lights up Halo Points This project was delivered in partnership with McCann Ltd, a leading civil, technology and electrical engineering construction company operating throughout the UK on major road, rail and airport infrastructure projects for public and private sector clients. Each Halo point is lit with Signify Copenhagen LED luminaires, making for designated safe spaces to seek immediate support, reassurance, and practical help. The timeless luminaire design delivers high performance for many lighting applications. The luminaires feature a built in LEDGINE-O engine, and the wide range of application-tailored optics, delivering the right amount of light and in the right direction on any street, enabling important energy savings. The Copenhagen LED Gen2 is ready to pair with advanced control and lighting software applications such as Interact. The luminaires enhance the aesthetic appeal of the city through illuminated green “Halo” lanterns and bright orange columns. Connected with Interact City CMS, the IoT enabled lighting system ensures that any faults with the luminaire are detected and repaired without delay, making them responsive, resilient and sustainable. Councillor Laura Robertson-Collins, Cabinet Member for Communities, Neighbourhoods and Streetscene at Liverpool City Council said: “Liverpool is already recognised as one of the safest cities for a night out, as demonstrated by our Purple Flag status. Even so, we remain committed to ending violence against women and girls in our city. “These new Halo Points reinforce our shared commitment to ensuring that everyone can enjoy the city with confidence. No matter what concerns someone may have, they can be assured that there will always be someone available to help and to keep them safe.” By launching Halo Points and expanding the network of trained VAWG Champions, Merseyside Police and partners are continuing to build a culture of safety across Liverpool’s night-time economy, ensuring more people, particularly women and girls, can enjoy a safer night out. The Halo points can be found in the following locations across the city: Concert Square area Mathew Street area “McCann is proud to announce the public launch of Operation Halo, an innovative safety initiative developed in partnership with Merseyside Police and Liverpool City Council to help protect vulnerable people within Liverpool’s busy nightlife areas. The scheme introduces a network of highly visible lighting units positioned across key locations in the city, designed to provide an accessible way for individuals to seek help if they feel unsafe or at risk. This system, developed in collaboration with Signify, are the first of their kind to be deployed in England. McCann, Signify, Liverpool City Council and Merseyside Police hope that Operation Halo will not only enhance safety across Liverpool but also serve as a model for wider national adoption, reinforcing a shared commitment to preventing violence and safeguarding communities,” James McDaid, Head of Local Authority at McCann. “Reliable access to emergency assistance remains an important yet often overlooked component of nighttime safety for women and girls. Halo Points, well-lit, highly visible points across the city centre, marked by distinctive green and white lighting is a great initiative ensuring the city provides a more dependable solution, allowing quick assistance in high-stress situations. We are proud to be the chosen lighting provider for the project, working in partnership with J McCann, contributing towards protecting vulnerable individuals and tackle Violence Against Women and Girls (VAWG) in Liverpool’s night-time economy.” said Carl Williams, Key Account Manager, Signify. Learn more about the initiative on the Liverpool City Council website. Building, Design & Construction Magazine | The Choice of Industry Professionals

Positive results belie struggling construction sector
Glenigan | A Hubexo Product (Glenigan), one of the construction industry’s leading insight and intelligence experts, releases the May 2026 edition of its Construction Review. The May Review focuses on the three months to the end of April 2026, covering all major (>£100m) and underlying (<£100m) projects, with all underlying figures seasonally adjusted. It’s a report providing a detailed and comprehensive analysis of year-on-year construction data, giving built environment professionals a unique insight into sector performance over the past year. Looks can be deceiving; on first appearance there are reasons to be cheerful. Superficially, the May Review presents a sector rebounding, with detailed planning approvals rising by 8% against the preceding three months, complemented by a stronger 29% increase in main contract awards and a 22% uplift in project starts. However, scratch beneath the surface and a different picture emerges, when these figures are compared against the previous year’s result. Detailed approvals hit rock bottom, nose-diving 54% year-on-year, while main contract awards have slipped 11% and project starts are 17% lower. It highlights how the UK construction sector remains stuck in the woods with little current direction to guide it out. Looking ahead, the industry’s trajectory will continue to be shaped by wider economic and policy developments. Elevated borrowing costs, ongoing viability challenges and cautious investor sentiment have constrained activity over the past year. According to Glenigan’s Economic Director, Allan Wilen, “Whilst this encouraging uptick will come as some relief after months of decline, the sector must not risk falling into a fool’s paradise. The true impact of the US/Iran War is yet to be felt and, if it’s anything similar to previous major global events, then the aftershock will ripple through markets, causing disruption well after the conflict, hopefully, comes to an end. An early resolution of the current impasse and the ending of the Strait of Hormuz blockade would start to rebuild investor confidence and ease pressure on the construction industry.” “However, last week’s King’s speech provides some clarity to latch onto and, once the Downing Street shenanigans have died down, a degree of certainty may return to help get us back on track. There are windows of opportunity in niche areas which savvy contractors are already involved in, or starting to wake up to. So, whilst the outlook remains overcast, it’s not a time to stand and stare, but to seize opportunity where it exists to weather the current climate and be ready for the sunshine when it eventually arrives.” Taking a closer look at the May Review’s highlights and the lowlights: Residential Residential held its ground during the three months to April, with project starts dipping just 2% year-on-year while main contract awards climbed 9% and detailed planning approvals jumped 17% on 2025 levels. Quarter-on-quarter performance was even more upbeat, buoyed by major projects coming to the fore. Social Sector Housing stole the show, accounting for 51% of starts and rocketing 236% year-on-year, though private housing and private apartments told a different story, falling 45% and 56% respectively. The wider outlook is finely balanced: Nationwide reported a 3% lift in house prices, while Halifax noted a dip amid geopolitical jitters, and both will likely shape residential construction in the months ahead. Regionally, Yorkshire & the Humber led the charge, with project starts powered largely by sizeable social housing heating works in Leeds. London also enjoyed a strong run, cementing its status as a key residential market. Elsewhere the picture was patchier, with the South East, East Midlands and Scotland all sliding back against the previous year. Non-residential Non-residential was a real mixed bag during the three months to April. Offices put on a show, with project starts soaring 217% year-on-year on the back of an eye-catching 868% rise in major schemes worth over £100 million. Detailed planning approvals climbed 30%, though main contract awards slipped 57%. Hotel & Leisure also offered cheer, with planning approvals leaping 80%, even as starts dipped 3% and awards eased 29%. Health saw approvals rise 32%, hinting at a pipeline gathering pace despite a 39% drop in starts. Retail, Education & Industrial were broadly muted, while Community & Amenity had a tough time of it, with starts down 60% and contract awards tumbling 83%. Regionally, London ruled office activity, lifted by the British Library Extension development. Scotland topped Hotel & Leisure starts after strong year-on-year growth, while Wales emerged as a Health hotspot with starts up 748%. Scotland also led Education starts (+68%), with the North West taking top spot for both Retail and Community & Amenity. Civils & Infrastructure Civil Engineering had a tough quarter, with project starts tumbling 72% year-on-year and detailed planning approvals diving 87% against the previous year. Main contract awards offered a flicker of stability, holding steady against 2025 levels in an otherwise challenging period. The numbers point to a clear slowdown in project initiation, though there’s brighter news further out, with expected investment in road and rail infrastructure from 2026/27 set to lift activity, alongside continued spending in utilities and the water industry. Roads projects led the way despite a hefty decline, while water-related schemes brought welcome stability, and harbour and ports work also slipped back. Regionally, the East of England led the field on project starts, scooping 35% of total value following a 133% year-on-year rise. The East Midlands topped planning approvals with a 31% share, up 31% on the previous year, though the region itself saw a moderate 6% dip in starts. London experienced a similar 5% dip in starts. Building, Design & Construction Magazine | The Choice of Industry Professionals

Fusion21 invites bids for £350 million Responsive Repairs and Void Property Framework
Procurement specialist Fusion21 has announced the renewal of its national Responsive Repairs and Void Property Framework, worth up to £350 million over four years, and is inviting bids from suppliers with regional or national reach operating across the UK. The framework is open to all suitably qualified suppliers, from SMEs to Tier 1 organisations, and has been designed to support social housing landlords in delivering quality responsive repairs and void property maintenance services. Shaped through a strategic consultation process, the framework incorporates feedback from members and suppliers to reflect current sector needs and demands, while ensuring compliance with relevant statutory requirements. Offering a faster route to market, it brings together repairs, maintenance, property security and contact centre services in one place. Fusion21 members will benefit from flexible call‑off options, either through competitive selection or direct selection, facilitating more efficient procurement. The framework is structured across five lots: Lot 1: Responsive Repairs and MaintenanceLot 2: Void Property ImprovementsLot 3: Void Property Security, Clearance and Pest ControlLot 4: Disrepair WorksLot 5: Contact Centre Services Set to launch in October 2026, this is the third iteration of Fusion21’s Responsive Repairs and Void Property Framework, procured under the Procurement Act 2023. Previous iterations have delivered 129 contracts to date, with a combined value in excess of £490 million, achieving efficiency savings for members. Peter Francis, Group Executive Director (Operations) at Fusion21, said: “Demand for responsive repairs and void property services has remained consistently strong, and this third iteration reflects the ongoing needs and priorities of the sector. The framework has been strategically shaped to enable members to achieve value for money and high service standards, while embedding social value into every project.” Fusion21 is a trusted and reliable procurement partner with a 24‑year track record of delivering Procurement with Purpose. The organisation works across the housing, local authority, education, blue light and NHS sectors, and is known for helping the public sector to secure better commercial outcomes while delivering measurable social value in communities. Tender applications are welcome from suppliers that meet the criteria set out in the tender documentation. To find out more and apply, click here and select ‘Current opportunities’. Submission deadline: Friday 19 June 2026 at 12 noon Building, Design & Construction Magazine | The Choice of Industry Professionals

Pagabo opens bidding for next-generation £26bn developer-led framework
NATIONAL procurement specialist Pagabo is inviting suppliers yesterday – 11 May – to bid for places on its next-generation National Framework for Developer-Led Schemes, which has a total anticipated value of up to £26bn. Compliant with the Procurement Act 2023 and Procurement Regulations 2024, the unique procurement offering will support public sector bodies with securing transformative development work through compliant procurement routes over a closed four-year period from 19th October 2026. Following the formation of a 10-year strategic delivery partnership that will see resources, reputation and expertise combined to establish a new benchmark for construction and development procurement, this is one instalment in a series of new frameworks being brought to market by Pagabo and YPO in 2026. YPO is the centralised procurement authority for the framework, while Pagabo is the framework manager responsible for design, delivery and ongoing management. Suppliers will be appointed to provide a range of developer-led scheme related services including consultancy, legal support and development types. Within each lot, SME inclusivity is embedded, and for the first time, development consultants and legal providers have been added to offer clients a turnkey procurement solution that provides ongoing support, full compliance, reduced risk, cost savings, greater collaboration and broader project outcomes. The framework will be available to all public sector bodies, from local authorities and education providers through to NHS trusts and housing associations. The framework is divided into seven lots. Lots 3 to 6 each include eight development types, and each lot, as well as those containing development types, is further divided into eight geographic areas. The geographical areas that the national framework covers includes the north, midlands, southwest, and southeast of England, London, Scotland, Wales and Northern Ireland. The lots include: Jonathan Parker, development director at Pagabo, said: “The Framework for Developer-Led Schemes has seen extensive use UK wide due to its substantial impact on client ambitions and built environment development. The existing framework supports clients with very prominent challenges in the market, such as compliance, viability and risk, with the new offering designed to do exactly the same and more – while conforming with updated procurement regulations set out within the Procurement Act. “We’ll continue to work closely alongside YPO, appointed suppliers and interested clients to offer effective procurement solutions and support throughout schemes. As well as wanting to see the framework continue contributing to major development and growth across the UK, the framework’s characteristics will ensure value for money, collaboration and impactful social value are prioritised in every procurement.” To date, the successful first iteration of the Developer-Led Framework has delivered projects with a total value of £7.8bn. Throughout the process of renewing the framework, priority has been given to premarket engagement and creating fair and transparent opportunities for suppliers, aligning with the principles at the centre of the Procurement Act 2023 which is now shaping new procurement activity. Jonathan continued: “As the Developer-Led offering has become more popular, we’ve been able to grow our dedicated team at Pagabo, welcoming experienced professionals with both sector specific and regional knowledge that benefits both suppliers and clients. This is an exciting time for Pagabo and YPO, and we both look forward to seeing this second iteration of the framework come to life.” Operating a digital-first, end to end delivery model, the national procurement specialist’s Pagabo+ system will be used as a central platform through which all framework activity will be managed. The single environment will play host to information on and management of new opportunities, call-off activity, performance monitoring and reporting, as well as compliance assurance. Supporting with enhancement of the full lifecycle of procurement and project delivery, appointed suppliers will also be able to use Pagabo Group’s social value and contract management platforms Loop and Sypro. To view the full tender document and submit a bid before the deadline at 12pm on 3 July, visit https://in-tendhost.co.uk/pagabo/aspx/ProjectManage/1279 For more information about Pagabo, visit https://www.pagabo.co.uk Building, Design & Construction Magazine | The Choice of Industry Professionals

Winvic launches landmark net zero whitepaper at UKREiiF urging industry-wide regulatory alignment
Winvic Construction Ltd has officially launched a major new ESG whitepaper at UKREiiF 2026, calling for stronger regulatory alignment to support the delivery of net zero carbon aligned buildings across the UK built environment. Published in conjunction with the Westminster body, The Policy Liaison Group (PLG) on Environmental, Social and Governance (ESG), the whitepaper – From Commitment to Compliance: Why the UK Net Zero Carbon Buildings Standard Needs Regulatory Backing – argues that the industry is now ready to move beyond ambition towards measurable, verified operational performance, but requires policy and regulatory support to enable consistent adoption at scale. The paper explores the opportunities and challenges surrounding the UK Net Zero Carbon Buildings Standard (UKNZCBS), which launched earlier this year following extensive industry collaboration. Drawing on insights from a Westminster roundtable and interviews with representatives across development, investment, construction, planning, sustainability and policy makers the report sets out practical recommendations for government, industry and investors to accelerate delivery. Contributors and participants include the UK Green Building Council (UKGBC), Royal Institute of Chartered Surveyors (RICS), Building Research Establishment (BRE), Chartered Institute of Building (CIOB), Royal Town Planning Institute (RTPI), BWB Consulting, Firethorn Trust, Panattoni, Ridge and Partners, Royal London Asset Management, UMC Architects, Wordsworth Excavations, Lord Gary Porter CBE and Lancaster City Council. The whitepaper identifies regulatory alignment as the single greatest enabler of market-wide adoption, highlighting that the barriers to net zero delivery are no longer primarily technical. Key recommendations include embedding the UKNZCBS into national planning and regulatory frameworks, mandating operational performance verification, aligning financial mechanisms with verified carbon outcomes, and improving consistency across ESG and carbon reporting standards. The publication was formally launched during UKREiiF at the ‘Winvic and Partners Pavilion’, where industry leaders gathered to discuss the future of net zero policy, delivery and accountability across the built environment. The launch forms part of Winvic’s wider presence at UKREiiF during its milestone 25th year in business. Alongside the whitepaper launch, the contractor is hosting a programme of panel discussions and collaborative sessions focused on sustainability, planning reform, social value, industrial and logistics development, data centres and build-to-rent. Arun Thaneja, Technical Services and Sustainability Director at Winvic, said: “The publication of this whitepaper marks a defining moment for the built environment sector. With the launch of the UK Net Zero Carbon Buildings Standard, the industry now has a credible and consistent framework to measure real operational performance, but turning ambition into measurable impact at scale will require far greater alignment across policy, regulation and delivery. “Developed through collaboration with organisations from across the built environment, the whitepaper sets out both the significant opportunities ahead and the critical barriers that we must still overcome. The sector has shown it is ready to move beyond aspiration and into accountability and our hope is that these recommendations will help accelerate the next phase of practical, measurable and scalable net zero delivery across the UK.” For further information or to request a copy of the whitepaper, please visit the Winvic and Partners Pavilion at the Pavilion Avenue and Courtyard or contact sustainability@winvic.co.uk. Building, Design & Construction Magazine | The Choice of Industry Professionals
