I-RES Targets Major Dublin BTR Expansion with Two Three North Acquisition
Irish Residential Properties REIT (I-RES) is closing in on the acquisition of Two Three North, a major operational Build to Rent (BTR) development in Dublin, as the residential investor looks to expand its portfolio in the Irish capital. I-RES is understood to be in advanced discussions to acquire the 282-apartment development at Clongriffin in north Dublin from developer Twinlite and its joint venture partner Tristan Capital Partners. Two Three North was brought to market earlier this year through joint agents Hooke & MacDonald and Knight Frank, with a guide price of around €120 million. The development was completed in 2022 and its acquisition would increase the size of I-RES’s residential portfolio by approximately 8%. The scheme comprises 282 apartments arranged across four blocks on a 3.17-hectare site, combining private homes with communal and public spaces. Of the apartments, 236 form part of the private rented portfolio, while a further 46 are leased to Dublin City Council under a long-term agreement. Designed by MDO Architects for Twinlite, Two Three North has been created around the amenity-led model that has become increasingly important within the BTR market. Resident facilities include co-working areas, a gym, cinema room and communal social spaces, alongside basement and surface parking, secure bicycle storage, landscaping and green roof areas. Sustainability also formed an important part of the development and construction strategy. The project achieved Home Performance Index certification, while most apartments achieved a BER A2 energy rating. An all-electric energy strategy incorporates mechanical ventilation with heat recovery and exhaust air heat pumps, supported by a high-performing building envelope and triple glazing. Environmental Product Declarations were also considered during material procurement, with a whole-building life cycle assessment undertaken to examine embodied carbon. For I-RES, the potential purchase represents a sizeable addition to an existing portfolio of more than 3,600 rental homes, predominantly located across Dublin. At the end of June 2026, the company’s portfolio was valued at approximately €1.28 billion and recorded occupancy of 99.4%. The acquisition would come as I-RES steps up investment following a period of asset recycling and improving financial performance. The company has also committed to acquire 77 newly built apartments through a separate forward purchase agreement, with completion expected towards the end of 2026. Two Three North provides a particularly attractive opportunity because it is already completed and operational, allowing I-RES to add a substantial concentration of modern rental homes without taking on the construction and delivery risk associated with a new development. If completed, the transaction would further strengthen I-RES’s position in Dublin’s professionally managed rental sector while underlining continued institutional appetite for established, high-quality BTR assets. Building, Design & Construction Magazine | The Choice of Industry Professionals
£340m Brackmills Logistics Park Plans Promise Major Jobs and Investment Boost for Northampton
Plans have been submitted for a major new industrial and logistics development in Northampton that could transform the former Coca-Cola bottling site at Brackmills into up to 1.26 million sq ft of modern employment space. Royal London Asset Management Property is bringing forward the 54-acre Brackmills Logistics Park in partnership with commercial property developer Graftongate, which is acting as development manager. The brownfield site was acquired from Coca-Cola in September 2025 and represents Royal London Asset Management Property’s largest logistics development to date, with a reported gross development value of around £340 million. The outline proposals would allow for up to 118,500 sq m of industrial and logistics floorspace, suitable for storage and distribution, general industrial and other employment uses. Existing buildings would be demolished to make way for large-scale modern accommodation, alongside offices, service yards, parking and supporting infrastructure. Located within the established Brackmills Industrial Estate, the site benefits from connections to the A45, A428 and the wider motorway network, placing it within the UK’s strategically important logistics Golden Triangle. Economic forecasts submitted with the proposals indicate the scale of the potential impact. The development could support more than 1,200 net additional full-time equivalent jobs in West Northamptonshire once operational, while the construction phase itself is expected to generate substantial employment and supply chain activity. The planning submission estimates that construction could generate around £132.7 million for the local economy, with the completed development contributing approximately £51.6 million annually. Brownfield regeneration with ESG at its core Environmental performance is an important part of the Brackmills proposals. Rather than developing an undeveloped greenfield location, the project would regenerate a former industrial site that has been vacant since Coca-Cola closed its bottling facility in 2023. The emerging sustainability strategy includes energy-efficient building design, the potential integration of rooftop solar PV, electric vehicle charging infrastructure and sustainable drainage systems. Improvements for pedestrians and cyclists are also proposed, together with cycle parking and new landscaping. Biodiversity forms another component of the ESG strategy. The development is targeting at least 10% Biodiversity Net Gain, with ecological improvements delivered through a combination of new on-site landscaping and habitat creation locally. The project team brings together a substantial group of UK property, design and engineering specialists. Graftongate is development manager, while UMC Architects is among the consultants involved in the scheme. The wider team also includes Buro Four, Burrows Graham, Halligan Associates, Pegasus Group, BCA Design, Apex Transport Planning, Middlemarch, Fuller Long, Savills Earth and Trinity Property Consultants. APEX Real Estate Advisors and BNP Paribas Real Estate are involved on the property agency side. The redevelopment also reflects the changing technical requirements of the logistics sector. Modern distribution facilities increasingly need to accommodate automation, sophisticated building services, greater power requirements and more demanding environmental standards alongside traditional warehousing operations. For Northampton, the investment would reinforce Brackmills’ position as one of the region’s established industrial and distribution locations while bringing a large vacant brownfield property back into productive use. Subject to planning, construction could begin in 2027. With significant floorspace, strong motorway connectivity and an emphasis on more sustainable logistics buildings, Brackmills Logistics Park has the potential to become one of the most important new industrial developments in the East Midlands pipeline. 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
Draft London Plan Opens New Route for BTR as Affordable Housing Rules Evolve
London’s Build to Rent (BTR) sector could be given greater flexibility in bringing new developments forward under proposed changes to affordable housing policy contained within the new draft London Plan. Published by the Mayor of London, the draft plan sets out the capital’s planning framework for the coming decades and proposes a revised approach to affordable housing thresholds, reflecting significant differences in development viability across London. For BTR developers and investors, the proposals are potentially significant. The draft retains a dedicated Build to Rent policy, while changes to the wider affordable housing threshold approach are intended to provide a more flexible route for residential schemes in locations where viability has become increasingly challenging. Rather than applying the same Fast Track affordable housing threshold universally, the proposed system would allow thresholds to vary between different parts of the capital according to development values and viability. The Mayor’s strategic ambition remains for 50% of new housing to be affordable, but the percentage required to qualify for the Fast Track planning route could differ by location. The intention is ultimately to move the threshold back towards 35% from 2028 in as many boroughs as possible, with different thresholds applying elsewhere where viability evidence supports a more flexible approach. Boroughs could subsequently move between bands as market conditions improve. For London’s BTR market, greater flexibility could help unlock developments that have struggled to progress amid higher construction costs, financing pressures and viability challenges. The changes could also have implications throughout the built environment supply chain. A stronger pipeline of viable BTR projects would support opportunities for architects, planning consultants, contractors and engineers, as well as specialists in façades, M&E, fit-out, landscaping and public realm. BTR has become an increasingly established component of London’s residential market, bringing institutional capital into the delivery and long-term management of purpose-built rental homes. The existing London Plan already provides a specific planning framework for BTR, including requirements around unified ownership and management and affordable rental provision. The new proposals should not yet be regarded as settled policy. The draft London Plan is currently undergoing public consultation until 15 October 2026 and will subsequently face an independent Examination in Public, with final adoption currently expected in early 2028. For developers, investors and construction teams considering future London BTR projects, however, the direction of travel is important. A more location-sensitive affordable housing framework could provide greater certainty and flexibility, potentially helping more residential schemes move from planning and viability assessments into construction. Building, Design & Construction Magazine | The Choice of Industry Professionals
London Aquatics Centre upgrades to next-generation LED lighting with Signify to boost fan experience and enhance energy efficiency
Signify (Euronext: LIGHT), the world leader in lighting, has delivered a landmark LED lighting upgrade at the London Aquatics Centre to drive performance, energy saving, efficiency, and long-term sustainability at one of the UK’s most iconic sporting venues, also known to be the most technologically advanced and stunning swimming facility in the world. Designed by Zaha Hadid, the London Aquatics Centre was built in 2012 and immediately took its place on the world stage as a venue for that summer’s elite swimming and diving events. More than a decade later, operator Everyone Active undertook a major modernisation project to replace the venue’s legacy lighting system with energy-efficient LED technology. A key requirement was achieving the stringent World Aquatics (formerly FINA) television broadcast standard of 1,500 lux Ev. To achieve this, Signify partnered with DC Electrical Supply to deploy a lighting system designed for the unique demands of the venue’s architecture. With luminaires suspended up to 40 metres above water, access, precise aiming and adjustment using conventional methods were challenging and time-consuming. While traditional flood lighting approaches could provide general illumination, they lacked the precision and data validation needed to meet the project’s demanding performance requirements. Instead, Signify deployed a proprietary solution designed to translate an on-paper lighting design into real-world accuracy. By combining its advanced ArenaVision LED gen3.5 luminaires with an innovative Augmented Reality (AR) aiming system, Signify enabled installers to accurately align each luminaire, even at heights of up to 40 metres above the pool. A detailed grid over the pool area enabled installers to align each luminaire precisely with the original lighting design. Instead of relying on a visual aiming scope, the installers used a smartphone attached to the luminaire to aim the lights directly at the grid. This approach reduced time spent working at height, improved installation accuracy, and ensured the final lighting performance matched the design intent. Any subsequent adjustments could be made quickly and precisely, delivering measurable and repeatable results. The installation includes 168 ArenaVision luminaires providing the main competition lighting, complemented by 16 UniFlood Flat luminaires that add additional flexibility. The luminaires are paired with a DMX control system to enable immersive and adaptable lighting scenes that enhance sporting events and audience experiences while meeting the requirements of elite competition. The new lighting provides excellent visibility for athletes and fully complies with the World Aquatics broadcast standards, helping the venue maintain its status as a top destination for televised sporting events. Compared with the previous HID lighting system, the LED solution delivers significant energy savings of upto 60% when used in full capacity. The addition of DMX controls also gives venue operators greater flexibility to create engaging experiences for spectators and support a wider range of events. “Having the new LED lighting at the London Aquatics Centre for elite sport is an absolute game changer,” said Mark Basker, Regional Contract Manager at Everyone Active. “Everyone Active has invested £685,000 in the lighting upgrade, working in partnership with global lighting specialist Signify and electrical contractor DC Electrical Supply. With individual control of each light, we can black out the pool, introduce coloured lighting, and follow athletes during events. This gives the venue flexibility to host many more events while future-proofing the facility and maintaining its reputation as a world-class aquatics venue.” Mark Camley, Executive Director for Estate & Neighbourhoods at London Legacy Development Corporation, said: “The new energy efficient lighting upgrade is a welcome addition to London Aquatics Centre as we embark on the next phase of Queen Elizabeth Olympic Park, focussing on shaping sustainable communities while supporting the Mayor’s ambitions for a greener, cleaner and healthier capital. London Aquatics Centre is a much-loved venue, and Everyone Active’s investment builds on its legacy as an exemplar for televised sport where major swimming events are hosted regularly. It also benefits those who use the space, from local members of the community to world class athletes.” Darren Clark, Director at DC Electrical Supply Ltd., said “We’re proud to be working alongside Everyone Active and Signify to deliver a lighting solution that supports all ambitions like energy efficiency and sustainability for the iconic venue while ensuring the best fan experience. Given the complexity of access and adjustment within the venue, the solution installed allows for ensuring results to be measurable and repeatable. The key point of difference is how they translate on-paper lighting design into real-world accuracy.” Simon Wilkinson, Commercial Leader, Public UK, Signify said “The London Aquatics Centre first took its place on the world stage under Signify lighting in 2012. More than a decade later, we are proud to have been chosen once again to help future-proof this iconic venue with a new generation of lighting performance, flexibility, and energy efficiency that will support athletes, spectators, and broadcasters for years to come.” Building, Design & Construction Magazine | The Choice of Industry Professionals
£88bn of homes sitting empty as housing crisis continues
The latest research from House Buyer Bureau has revealed that more than 300,000 homes across England have been sitting empty for at least six months, with the estimated value of this long-term vacant housing stock standing at almost £89bn. House Buyer Bureau analysed the latest available data on the number of vacant homes across England, focusing specifically on those classed as long-term vacant properties, meaning properties liable for council tax that have been empty for more than six months and are not subject to specified exemptions. The research then applied the latest average house price in each region to estimate the potential value of this unused housing stock. The figures show that there are 754,264 vacant homes across England, of which 303,185 are classed as long-term vacant. This means that 40.2% of England’s vacant housing stock has been sitting empty for more than six months. Based on the latest regional average house prices, House Buyer Bureau estimates that these long-term vacant homes represent some £88.6bn worth of residential property currently sitting unused. While increasing the supply of newly built homes remains central to tackling the nation’s housing shortage, House Buyer Bureau says the sheer volume of existing homes sitting empty for prolonged periods highlights another area of housing supply that cannot be ignored. London sitting on almost £26bn of long-term vacant homes London has the highest estimated value of long-term vacant housing stock of any region. There are 47,287 long-term vacant homes across the capital, accounting for 45% of London’s 105,138 vacant properties. With the average London home valued at £544,814, House Buyer Bureau estimates that the capital’s long-term vacant housing stock is worth almost £25.8bn. The South East ranks second by value, where 42,099 long-term vacant homes have an estimated combined value of £16.1bn, followed by the East of England, where 32,123 long-term vacant properties are estimated to be worth £10.9bn. The North West has 42,606 long-term vacant properties with an estimated value of £9.4bn, while the South West’s 28,553 long-term vacant homes are estimated to be worth £8.6bn. Billions in empty homes within individual local authorities At local authority level, some of the most valuable concentrations of long-term vacant housing are found within London. Kensington and Chelsea has 2,030 long-term vacant homes, representing 59.7% of all vacant properties within the borough. Based on the borough’s average house price of £1.256m, this stock has an estimated value of almost £2.55bn. Westminster has 2,279 long-term vacant properties, equivalent to 61.2% of its vacant housing stock, with an estimated combined value of £1.91bn. Camden’s 2,059 long-term vacant homes are worth an estimated £1.66bn, while Southwark has 2,543 with an estimated value of £1.47bn and Lambeth has 2,280 worth an estimated £1.24bn. Outside London, Birmingham stands out, with 7,060 homes having remained vacant for more than six months. Based on the city’s average house price, this equates to an estimated £1.64bn worth of long-term vacant housing. Managing Director of House Buyer Bureau, Chris Hodgkinson, commented: “It’s quite remarkable that we’re constantly talking about the need to build hundreds of thousands of additional homes when more than 300,000 existing properties have already been sitting empty for over six months. Of course, there’s no single reason why a property remains vacant and not every empty home can simply be put back into use overnight. But anyone who works within the property market knows how easily a home can become stuck in limbo, whether it requires significant work, forms part of an estate, has legal complications or simply proves difficult to sell. Building more homes remains absolutely essential, but we also need to make better use of the housing stock we already have. Getting even a proportion of these long-term vacant properties back into circulation would provide additional homes without the need to build them from scratch. For owners, the longer a property sits empty, the more of a liability it can become, particularly once maintenance, security and ongoing ownership costs start to mount. Where the conventional sales market isn’t providing a solution, owners may need to take a more pragmatic approach. Accepting a lower price in return for the speed and certainty of a quick sale can sometimes be the difference between a property remaining empty indefinitely and getting it back into use.” Data tables and sources *Vacant and long-term vacant dwelling data sourced from UK Government – Live tables on dwelling stock, including vacants, using the latest 2024-25 data. The Government defines long-term vacant dwellings as properties liable for council tax that have been empty for more than six months, excluding specified exemptions. *Average house price data sourced from the UK Government – UK House Price Index, using the latest available June 2026 data. *Estimated value of long-term vacant housing stock calculated by House Buyer Bureau by applying the latest average house price at regional and local authority level to the number of long-term vacant dwellings. Full data tables can be viewed online here Building, Design & Construction Magazine | The Choice of Industry Professionals