Colchester-based chartered surveyors Whybrow, which operates under the Beresfords property group umbrella, is on the development team on the Colchester Northern Gateway Leisure Park. Its dedicated team of chartered surveyors is advising its client, Turnstone Estate, with commercial needs throughout the construction of the 200,000 sq. ft. Northern Gateway Leisure
Industry expert CBRE has warned commercial property investors of the financial risks they might be experiencing due to increased building inefficiency and slow implementation of sustainable practices and digitisation strategies across portfolios. In a recent publication, it revealed that while positive strides have been made, property managers are moving too
iNESS 360 has announced the addition of Data Twins of Commercial Spaces to Bentley Systems’ Powered by iTwin programme. Data Twins of Commercial Spaces enables owners and operators to better manage the use of commercial spaces by integrating human behaviour modelling with a building’s operations. “Imagine an internet where buildings
Twp prestigious Master Builder Awards have been scooped by Chester-Le-Street based building firm Radford Construction Services Ltd. The company took home the prize for best Commercial Project while Andrew Radford, owner of the company, has been named Heavenly Builder in the Federation of Master Builders’ (FMB) Northern Counties region. Since
The largest ever Built To Rent (BTR) scheme has been announced by Legal & General, who is set to bring around 1,000 homes and 85,000 sq ft of commercial space to London. Two adjacent sites in Wandsworth will combine for the scheme, providing purpose-built rental homes with long leases for
43 acres of commercial development land has just been bought by PLP’s UK logistics investments vehicle from the joint venture between Harworth Group plc and Evans Property Group for an undisclosed sum. The company will now work with AVL to begin earthworks and on and off-site infrastructure, alongside the submission of
Award-winning Ipswich-based KLH Architects have merged with another local architectural practice, which led to an expansion of its service offering. Poole and Pattle, the architectural practice based in Ipswich and run by Neil Poole and John Pattle, will be joining the 28-strong team this month bringing a wealth of experience
One of the UK’s leading trade assocations for the construction industry, Build UK, has urged contractors to take more care before entering into contracts with the Royal Institute of British Architects (RIBA). During a review of the RIBA Concise Building Contract and the RIBA Domestic Building Contract, it was highlighted
With reference to Savills’ latest Regional Office Market Review & Outlook report, there are growing concerns as to how competition for Grade A space is grossly outstripping the supply presently, and to be made available. With less than one year’s supply of such space confirmed for the market over the
Colchester-based chartered surveyors Whybrow, which operates under the Beresfords property group umbrella, is on the development team on the Colchester Northern Gateway Leisure Park. Its dedicated team of chartered surveyors is advising its client, Turnstone Estate, with commercial needs throughout the construction of the 200,000 sq. ft. Northern Gateway Leisure Park, having acquired this ten-acre site next to the A12 from the Council. The leisure park, which is due to complete in Autumn 2023, will include a 12-screen cinema for Cine UK, 20-lane bowling alley for Hollywood Bowl, a Puttstars indoor golf centre and Jump Street indoor play park. As well as this it will have a 96-bed Travelodge, drive-thru restaurants for Greggs and Wendy’s, an EV charging station and a high-quality landscaped piazza with parking for 750 cars. “We’re delighted to be assisting on transforming the Northern Gateway into a hub, which is a key part of our commitment to boosting the economy of the Borough. The whole development and Northern Gateway area will also benefit from the construction of a carbon-cutting, District Heat Network at Colchester Northern Gateway to supply heat and hot water to the developments’ homes and businesses. A digital network will also provide ultra-fast broadband to local homes and businesses, as well as encouraging biodiversity through bio retention ponds and the planting of native trees,” said Ewan Dodds, chief executive officer of Whybrow. Terms have now also been agreed to let three of the restaurants, one to Kervan Kitchen and two others to a regional buffet operator (4,000 sq. Ft.) and one to a gelato and meat restaurant (3,200 sq. ft.) with terms out on several others. Practical completion is due in September 2023. “We are pleased that our expert team of chartered surveyors at Whybrow are working on this exciting project, to bring the very best results. Northern Gateway Leisure Park will have a great impact on the local community and beyond, and we look forward to seeing it complete next year,” added Paul Beresford, chief executive officer of Beresfords. Established in 1985, Whybrow has been dedicated to providing property consultancy to local, regional and national companies – particularly those with a presence in the South East and London – for nearly 40 years. Building, Design and Construction Magazine | The Choice of Industry Professionals
Industry expert CBRE has warned commercial property investors of the financial risks they might be experiencing due to increased building inefficiency and slow implementation of sustainable practices and digitisation strategies across portfolios. In a recent publication, it revealed that while positive strides have been made, property managers are moving too slowly to adopt greener practices. Despite evidence showing green strategies have significant commercial benefits, such as driving higher rents and occupant retention, the industry seems to have trouble developing a better portfolio sustainability. With this in mind, Cillian Casey, Regional Vice-President EMEA at CIM, is calling for decisive action to improve portfolio sustainability. “The fact that two separate reports, published a year apart and to different regions, have come to the same conclusion about sustainability’s appeal to tenants clearly sends a strong message that decisive action is needed. Commercial property investors and managers need to accelerate the adoption of greener practices and equipment, especially given the property sector’s vital role in achieving net zero by 2050,” he said. “Promptly ensuring operational efficiency across portfolios will be key to immediate emissions reduction, with data analytics technology set to play a pivotal role in this, especially as energy demand continues to grow. However, untangling the sheer volume of data to determine priority actions remains a major challenge for facilities managers given the overstretched nature of many facilities and operational teams.” With property operations accounting for 28% of global carbon operations and the fact that 80% of 2050’s buildings have already been built, the need for immediate steps is crucial. According to Mr Casey, optimising operations with data offers a more financially prudent route than alternatives such as carbon offsetting, given predictions offsetting prices will rise exponentially in the near future. “The current external cost of carbon offset purchasing undoubtedly has an appeal for building owners and investors, but priority should be given to driving everyday efficiencies and optimisations in the way buildings are run. Organisations may leave themselves in a precarious position as costs rise, and by not prioritising or considering alternative options, they could be vulnerable to an ever-worsening financial situation that could have been avoided. “By digitising operations across portfolios through the use of data-driven detection and diagnostics software such as CIM’s PEAK platform, stakeholders can take immediate steps toward more efficient and sustainable building performance. As this latest CBRE report shows, greener buildings are very attractive to prospective tenants, and therefore command higher rental yields. By embracing change now, commercial property owners and managers can create immediate additional value for businesses while emissions are lowered,” Cillian concluded. Building, Design and Construction Magazine | The Choice of Industry Professionals
iNESS 360 has announced the addition of Data Twins of Commercial Spaces to Bentley Systems’ Powered by iTwin programme. Data Twins of Commercial Spaces enables owners and operators to better manage the use of commercial spaces by integrating human behaviour modelling with a building’s operations. “Imagine an internet where buildings are connected and talking. In the future, anyone would be able to buy data from commercial buildings. This data is the evolution of how companies are able to interact with modern commercial spaces. INESS is proud to announce our adoption of the Bentley iTwin platform to create the next version of Data Twins for Commercial Spaces that is not only smart, but also intelligent,” said CEO Soner Haci. INESS converts commercial spaces into data streaming sources to model human behavior and how indoor circumstances affect that behavior by integrating the INESS system into the structure of the building. The system developed predictive models on usage trends and indoor circumstances to optimize space, energy usage, and operations without needing to invest in expensive BMS systems By using the Bentley iTwin platform INESS will integrate the data and data models directly to the building architectural model and create a data twin of the day-cycle of the building. “We are very pleased to have iNESS 360 add their Data Twins of Commercial Spaces to the Powered by iTwin programme. In doing so, iNESS 360 joins the growing ecosystem of software developers enabling digital twin solutions with the iTwin platform. Their Data Twins of Commercial Spaces solution is a great example of how digital twin technology can model human behaviour with streaming data to optimize indoor space, energy usage, and operations,” added Adam Klatzkin, Vice President, iTwin Platform, at Bentley Systems. INESS is a behavioural occupancy analysis system for small-medium-sized commercial properties. INESS converts commercial spaces into data streaming sources to model human behaviour and how indoor circumstances affect that behaviour by integrating the INESS system into the structure of the building. The system developed predictive models on usage trends and indoor circumstances. Building, Design and Construction Magazine | The Choice of Industry Professionals
Twp prestigious Master Builder Awards have been scooped by Chester-Le-Street based building firm Radford Construction Services Ltd. The company took home the prize for best Commercial Project while Andrew Radford, owner of the company, has been named Heavenly Builder in the Federation of Master Builders’ (FMB) Northern Counties region. Since 1999, the Master Builder Awards has been a flagship for high-quality building work, showcasing examples of fantastic craftsmanship and building excellence. Organised by the FMB, the awards programme is unique in that any project entered by the builder must be backed up by the customer – giving clients the opportunity to support those building companies that have delivered exceptional results. The awards programme recognises the hard work and contribution that small and medium-sized (SME) construction firms make to the UK construction industry. The Heavenly Builder category is one which the winner really epitomises what the awards are all about as it looks for evidence of professionalism, courtesy and exceptional customer service. Radford Construction Services Ltd was crowned winner in the best Commercial project for designing a purpose-built, 200-guest wedding venue to extend the popular South Causey Inn. This unique new venue has a reception bar area, brides’ dressing room, chapel/ceremony room, own kitchens, hot buffet serving room, large bar and barn hall for reception and evening. The reception space features a dramatic bespoke bar counter designed and built from reclaimed cast fireplaces and railway sleepers, while the fireplace in the entrance bar area uses reclaimed stone, brick and sleepers. All door frames were hand-built, while vast handmade windows overlook a fantastic view. What impressed judges most was that all of this high-quality build was achieved in just six months. Company owner, Andrew Radford was crowned Heavenly Builder for the Northern Counties region for his ability to take bare-bones ideas and nurture them into innovative designs, executing projects with craftsmanship that never fails to surpass expectations. When asked about working with Andrew, the client Philip Moiser, said: “I feel like Andy has become a much-valued and honest friend and in business these days, that’s a rarity. He is a fantastic ambassador for the FMB and sets a high standard that other builders can only aspire to. I’m already looking at new projects to work on with him.” Andrew and Radford Construction Services Ltd was selected by the region’s judges to win the Northern Counties awards, which were presented at a gala dinner hosted at The Midland Hotel, Manchester on 08 March. The firm will now go through to compete in the national finals for the chance to win the UK category title. The national ceremony will be held at the Intercontinental Hotel, Park Lane London on 20 September. If Radford Construction Services Ltd wins the overall national Master Builder Awards title, selected from all national category winners, the firm will drive away in a new Isuzu D-Max Utah Pick Up truck worth more than £30,000. Their client will also receive a cheque for £1,000 for their efforts.
The largest ever Built To Rent (BTR) scheme has been announced by Legal & General, who is set to bring around 1,000 homes and 85,000 sq ft of commercial space to London. Two adjacent sites in Wandsworth will combine for the scheme, providing purpose-built rental homes with long leases for all ages, demographics and social groups. “As renting continues to become a tenure of choice in the UK, the delivery of high density, high quality developments with vibrant communities is becoming more and more important. To do this, we need to deliver schemes which offer well connected housing options, which are carefully integrated into the public realm, maximising our existing infrastructure and supporting economic growth. This latest development in Wandsworth, our largest BTR acquisition to date, is a perfect example, offering 1,000 new rental homes alongside improving the station infrastructure and offering commercial real estate space to support local businesses,” commented Paul Miller, MD Principal Investing at Legal & General Capital. Located within Zone 2 and adjacent to Wandsworth Town train station, the £500 million development will include a new entrance to the platforms and will form part of the major regeneration of the local area. It will also include 35% affordable housing. Through the creation of a BTR asset class, Legal & General is looking to use its sources of long term capital to help address the chronic lack of housing supply and meet the increasing demand for affordable, quality rental accommodation. “This latest acquisition is another great example of Legal & General investing in a location with significant urban regeneration potential and providing large scale sustainable rental schemes which will have a positive socioeconomic impact. The location is highly desirable for renters and, with 1,000 units planned for the site, demonstrates Legal & General’s ambition to make a real impact on the delivery of new homes within the UK. Representing our largest scheme to date, this flagship BTR development is another step forward towards tackling the severe housing crisis facing both London and the UK, offering homes for all ages and social groups, as well as reduced living costs thanks to economies of scale,” said Dan Batterton, Head of Build To Rent at LGIM Real Assets.
43 acres of commercial development land has just been bought by PLP’s UK logistics investments vehicle from the joint venture between Harworth Group plc and Evans Property Group for an undisclosed sum. The company will now work with AVL to begin earthworks and on and off-site infrastructure, alongside the submission of a ”reserved matters” planning application to Leeds City Council for 850,000sqft of industrial and distribution space across 4 units. “We are very excited about this acquisition, which provides a clear opportunity for PLP to deliver high-quality logistics space in a variety of configurations for occupiers. Beyond this and our other three recent acquisitions, we continue to look for prime logistics developments and assets in key markets,” said Jeremy Greenland, CEO of PLP. Once the planning is approved, construction work will begin on the new units in Summer 2020. In addition to this purchase, PLP has also acquired a few other assets at Sheffield, Crewe and Knowsley, which will take the value of UKLV’s managed assets to £500m (€579.4m) on a completed basis. “This is an excellent outcome for all concerned which will deliver a significant proportion of the jobs promised when the Enterprise Zone was initially created. AVL’s focus now is to assist PLP to get on-site as quickly as possible so that thousands of new jobs can be delivered for the City Region to benefit from,” commented James Pitt, development director at Evans Property Group. Leader of Leeds City Council councillor Judith Blake also commented on the purchase, saying: “This deal is very welcome as it brings significant new investment into Leeds and the Leeds City Region Enterprise Zone, enhancing economic growth, job creation and innovation in the area and the city.” Established in 2015, the PLP platform is owned by Macquarie Capital, Peel Group, Ivanhoe Cambridge and its senior management team.
Award-winning Ipswich-based KLH Architects have merged with another local architectural practice, which led to an expansion of its service offering. Poole and Pattle, the architectural practice based in Ipswich and run by Neil Poole and John Pattle, will be joining the 28-strong team this month bringing a wealth of experience particularly in the retail and commercial sectors. “We are thrilled to welcome the team from Poole and Pattle under the KLH umbrella. Their expertise will help bolster our offering as a firm and enables us to provide a more diverse service to our clients,” said Martyn Goodwin, director at KLH Architects. The 32-year-old firm has worked on notable projects including the extensive redevelopment of Coes clothing store in Ipswich and the extension and refurbishment of Ipswich’s New Wolsey Theatre. “When the opportunity arose for us to join the team at KLH we knew it was the right move for us as a firm. They are a fantastic practice with a reputation of delivering high quality buildings throughout East Anglia and London,” said Neil, director of Poole and Pattle. “KLH have the same principles as us – being totally client-focused and delivering buildings and facilities that exceed the expectations of clients, stakeholders and users.” This decision follows the recent news of Bryan Wybrow’s promotion to director bringing the total to five directors. “This is an exciting time for the firm and we have experienced substantial growth. We are currently undertaking a major extension and renovation project on our offices to accommodate the growth and welcome the new team members,” added Martyn. KLH Architects is an RIBA chartered practice which provide design, planning and project management expertise in healthcare, residential, commercial and leisure development in East Anglia and London.
One of the UK’s leading trade assocations for the construction industry, Build UK, has urged contractors to take more care before entering into contracts with the Royal Institute of British Architects (RIBA). During a review of the RIBA Concise Building Contract and the RIBA Domestic Building Contract, it was highlighted that contractors were setting themselves up to take a large proportion of the financial risk. The small print means contractors are subject to potentially costly implications, including forfeiting the right to an EOT/additional payment if changes are made without the contract administrator being made aware within 10 days of the change instruction. Details of both time and cost implications must be forwarded by contractors under the two RIBA contracts. Greater awareness of the accompanying responsibilities and obligations is therefore required and, if in doubt, contractors should seek appropriate legal advice. The research was carried out by legislation expert and industry body, the Contractors Legal Group (CLG), of which Build UK is a member. The Concise Building Contract is designed for small-scale commercial building projects while the Domestic Building Contract covers the breadth of non-commercial work, including: new builds, extensions, renovations and maintenance. Following CLG’s review, Build UK also pointed out the lack of standard sub-contracts to go hand-in-hand with the RIBA contracts. For contractors reliant on their supply chain, RIBA’s contracts could therefore prove a costly learning curve. The trade association insisted that any and all sub-contracts should be clear and need to adhere with RIBA’s specific requirements. RIBA has since been made aware of the issues raised by CLG and Build UK. The organisation is currently reviewing the two contracts though its is not expected to published the revised versions until later this year. It is hoped the revisions will take into account the disproportionate risk contractors currently face and present a more financially viable alternative from which all parties can benefit.
With reference to Savills’ latest Regional Office Market Review & Outlook report, there are growing concerns as to how competition for Grade A space is grossly outstripping the supply presently, and to be made available. With less than one year’s supply of such space confirmed for the market over the course of the next three years, rents, specifically in regions such as Cardiff and Bristol is set to spike considerably. Presently, the average take-up across UK regions sits at approximately 4.6m, with availability down by circa 18% from the levels reported back in 2007. Speculative figures on developments have also risen by approximately 128% from last year, coming in at approximately 3.5m sq ft, yet, with 28% of that pre-let, it is expected that it will be mostly absorbed over the course of 2016. This lack of space has proven to be one of the key, driving factors for rising demands amongst value-add office opportunities to help cover the excess demand as opposed to supply – in fact, this January represented the 41st month of considerable refurbishment activity in a row. As a clear consequence of the demand and supply gap, so too has the gap between new-build rents and refurbished rents, with a deprecating differentiation between the average figures. This is a clear result of increasing rents, with Bristol potentially seeing the highest growth in rents of 12% by the end of 2016, as reported by Savills. Attributing the rise in UK-wide job creation as a driving factor behind the rising demand for quality space in prime locations, Claire Bailey, Associate Director of Savills Commercial Research has highlighted the potential for a pinch on new-builds between 2016 and 2017 due to the sheer quantity of developments already being pre-let and the rising demands for those in prime locations. As explained by Richard Merryweather, Joint Head of UK Investment at Savills, it is expected that occupier demands for space is more than likely to persist onto and into the future, where investors are then likely to continue looking into securing secondary assets in prime positions. This is effectively to take advantage of opportunities that may exist and to help fill the gap left open by limited available new developments; however, it may also develop a gap in the supply pipeline itself.
