GLP, a leading investor and developer of logistics warehouses and distribution parks, today announces that it has successfully leased a 500,000 SQ FT warehouse at Magna Park North Lutterworth, MPN2, to Iron Mountain, the leading US enterprise information management services company. This is Iron Mountain’s second lease at Magna Park
ISG has been awarded the £50m Northcliffe House refurbishment project to restore the historic Art Deco office to its former glory. The refurbishment of the 25,119m2 building will see an increase to the building’s net lettable space of 1,150m2 with the extension of two new levels. It will also include
Henry Boot Construction has been appointed to deliver Pound’s Park – the landmark new public space in Sheffield City Centre, with work set to get underway this month. Seen as a key piece of Sheffield City Council’s Heart of the City programme, Pound’s Park becomes Henry Boot Construction’s third project
As 2022 seems set to see a continuation in construction sector demand, and the UK looks toward post-pandemic economic recovery, business leaders in the built environment are facing a new set of challenges. Increasing labour and material costs, decreasing contractor confidence, and delays in the supply chain are all contributing
Landsec has submitted a major planning application for the O2 Centre Masterplan Site as it looks to grow its mixed-use urban neighborhood portfolio. The proposal, which was submitted to the London Borough of Camden, will see the site transform into a landscape led development that will connect the communities of
Barberry Industrial has completed the construction of a state-of-the-art centre of engineering excellence for a world-leading manufacturer of critical flow control solutions at a strategic site in the West Midlands. A 57,000 sq ft headquarters and manufacturing and design facility has been delivered on behalf of IMI Truflo Marine, part
Octopus Real Estate, part of Octopus Group and a leading UK specialist real estate lender and investor, has announced its commitment to building new care home developments that are net zero by 2030, marking the first such pledge across the care home industry. In addition to funding new developments to
Bellway has completed the purchase of land from Homes England in Milton Keynes, where it will adopt new building technology for the first time in the UK, speeding up the build process with some homes built on a factory production line. Bellway will build 160 homes using Modern Methods of
Work on four new speculatively built units is underway at two major West Midlands logistics parks as Prologis, the leading developer of industrial property in the UK, expands its portfolio at Prologis Park Hams Hall and Prologis Park Ryton, near Coventry. At Prologis Park Hams Hall, three buildings are currently
The first CGIs of the residential development Lockside Wharf in Birmingham’s Jewellery Quarter have been released. Property investment company Joseph Mews, which is working with London-based property development company Consortia Developments to bring the properties to market, have released the images this month. Lockside Wharf, once called Scotland Works, is
GLP, a leading investor and developer of logistics warehouses and distribution parks, today announces that it has successfully leased a 500,000 SQ FT warehouse at Magna Park North Lutterworth, MPN2, to Iron Mountain, the leading US enterprise information management services company. This is Iron Mountain’s second lease at Magna Park Lutterworth, having signed a lease for a 300,000 SQ FT MPN3, in December 2021, bringing the company’s total leased space within the park to 800,000 SQ FT. Completion of both buildings is expected imminently. With this latest agreement, GLP has leased all 1 million SQ FT of speculative space at Magna Park North Lutterworth ahead of practical completion. Magna Park Lutterworth is the UK and Europe’s largest dedicated logistics and distribution park, situated within the Midlands’ ‘Golden Triangle’ of logistics. Home to 36 different customers and occupying in excess of 11 million SQ FT of sustainable floor space across 41 buildings, Magna Park Lutterworth is GLP’s flagship distribution park. Both buildings leased by Iron Mountain have best-in-class specification and ESG features including wide service yards, significant HGV and car parking allocations, dock levelers, level access doors, increased natural light, electric vehicle charging and abundant power supply. Each warehouse is also BREEAM Excellent, designed to WELL principles and features a range of sustainability and energy efficiency measures. Olivia Hinds, Development Director at GLP, explains: “We are delighted to welcome Iron Mountain to Magna Park Lutterworth across their two buildings totalling 800k sq.ft and we look forward to supporting them with their future expansion. This has been a period of significant activity at Magna Park Lutterworth with a series of development and lease agreements to valued customers. The leasing of all 1 million sq.ft of speculative space at Magna Park North ahead of practical completion is testament to the parks position as Europe’s leading logistics and distribution park and indicates the strong levels of demand we have seen for high quality warehouse space.”
ISG has been awarded the £50m Northcliffe House refurbishment project to restore the historic Art Deco office to its former glory. The refurbishment of the 25,119m2 building will see an increase to the building’s net lettable space of 1,150m2 with the extension of two new levels. It will also include the addition of 9,000sq ft worth of green space including the south-facing landscaped roof terraces across levels six and seven. Upon completion, the refreshed space will provide its occupiers with a modern workplace to a Cat A standard. It will boast scenic lifts overlooking the renovated atrium extension, all within the existing cast steel frame. Whilst providing state of the art amenities internally, cleaning and repairs will also take place to restore the building’s historic Art Deco façade. The former home to the Daily Mail newspaper is targeting BREEAM Outstanding. The approach has been strongly informed by a Life Cycle Assessment, which considered the savings in embodied carbon by retaining the existing structure compared with demolition and a full, new-build redevelopment of the site. A key feature of the Grade II listed building is the reconfigured internal atrium, which upon completion will link the reception with the renovated office space and break out areas. However, during renovation works the atrium is home to the 40-metre crane, reducing external disruption and improving efficiencies while guaranteeing the project’s high-quality and consistent delivery. Scott Knibb, Project Director for Fit Out at ISG, said: “Sitting in the heart of the Fleet Street Business Development District, the refurbishment of Northcliffe House plays a pivotal role in the regeneration of this area. Its development will further attract other businesses to bring the former glory back to what was once recognised globally as the beating heart of the newspaper industry. “This project has benefited from a truly collaborative approach from across the board to offer this unique and flexible office space of the future to meet the requirements of today’s workforce. Showcasing the best-in-class amenities, features and scenic views both internally, via its atrium lifts, and externally, via its extensive green spaces. The sustainable principles it has followed ensure it is future-proofed, all while maintaining the building’s 1920s charm and heritage.”
Henry Boot Construction has been appointed to deliver Pound’s Park – the landmark new public space in Sheffield City Centre, with work set to get underway this month. Seen as a key piece of Sheffield City Council’s Heart of the City programme, Pound’s Park becomes Henry Boot Construction’s third project within the wider scheme, with the Sheffield-based firm already on site at major residential development Kangaroo Works, and at a second site that features the Elshaw House office development and Cambridge Street Collective – a major food hall and restaurant destination. Named after Sheffield’s first Chief Fire Officer, Superintendent John Charles Pound, the park will be located on the former fire station site between Rockingham Street, Wellington Street and Carver Street. It will help integrate a network of open spaces that run from Devonshire Green through to the Peace Gardens. It will provide an expansive, safe and accessible space that adds distinctive character and an element of escapism to the city’s busy urban environment. By prioritising walking and cycling, active play and relaxation, all within a visually attractive green setting, the park aims to bring The Outdoor City ethos right into the heart of the city centre. It also provides another world-class space to host outdoor events in the city centre. Tony Shaw, Managing Director for Henry Boot Construction, said: “We are delighted to be appointed on Pound’s Park and add it to our growing portfolio within the city. Working on a game-changing green space in The Outdoor City feels particularly special to us. “The concept of city centres, and how we use them today, continues to change rapidly. With more people choosing to live and work in the city centre, we understand the pivotal role that public spaces and green landscaping play in enhancing wellbeing and sustainability. “As an organisation, we are extremely well placed to help our clients deliver outstanding public realm. Last year we completed the new public square in The Glass Works at Barnsley, which has transformed how residents, workers and visitors use and enjoy the town centre.” The Pound’s Park contract was procured through the dedicated contractor framework Pagabo. It is expected to take around one year to complete. As part of Henry Boot Construction’s own commitment to Sheffield, they will aim to deliver social value outputs by utilising a local supply chain wherever possible, site-specific employment and various training initiatives. In addition to Sheffield, Henry Boot Construction is currently working on several other high-profile projects across Yorkshire, including the Cocoa Works in York.
As 2022 seems set to see a continuation in construction sector demand, and the UK looks toward post-pandemic economic recovery, business leaders in the built environment are facing a new set of challenges. Increasing labour and material costs, decreasing contractor confidence, and delays in the supply chain are all contributing factors in a perfect storm set to upset the balance of industry recovery. For those in the sector, construction productivity is the key to addressing these challenges. On 10 May 2022, the Construction Productivity Conference returns to London, bringing together a host of industry leaders and suppliers to discuss strategy, opportunity, and the future of productivity in the built environment. The event will see exhibitors and a panel of expert speakers focusing on new technologies, materials management, and strategies for addressing inefficiencies in current practices affecting training, developing, and up-skilling the construction workforce. Attendees will also have the opportunity to network with business leaders in a dynamic and interactive setting. With a host of speakers confirmed to appear throughout the day, delegates will have the opportunity to learn about new practices from those at the forefront of construction productivity. Focusing on current hot topics such as models for productivity improvement, boosting on-site productivity using a platform-based approach, and maximising offsite delivery methods, the conference programme offers an exciting insight into future-forward plans and initiatives on the table for the coming year and beyond. Recent reports state that, at present, only 64% of hours worked in the industry are considered productive. These reports, coupled with information from the Office of National Statistics (ONS) citing a quarterly fall in construction output of 0.9% from Q2 to Q3 2021, make it vital the industry looks to evolve and innovate. As businesses look towards improving output efficiency across all areas, the Construction Productivity Conference will also focus on addressing the balance between the topics of product, process, and people. The 2022 conference, taking place at One Great George Street in Westminster, follows on from the highly successful 2019 event – which saw leading exhibitors and industry figureheads at the forefront of the sector come together to share their vision for the future. With an exciting agenda already in place for this year, exhibitor opportunities are still available for those looking to demonstrate their reputation as industry experts amongst key target audiences. Aimed at developer clients, architects, engineers, contractors, and building technology suppliers, along with many other professionals and decision-makers within the built sector, Construction Productivity Conference promises to put delegates right in the heart of this increasingly vital discussion. To find out more about the event and the 2022 programme, information can be found at the event website – https://www.constructionproductivity.co.uk For more about exhibitor and sponsor opportunities please contact – Amy Pryce on 01743 290001 or amy.pryce@radar-communications.co.uk
Landsec has submitted a major planning application for the O2 Centre Masterplan Site as it looks to grow its mixed-use urban neighborhood portfolio. The proposal, which was submitted to the London Borough of Camden, will see the site transform into a landscape led development that will connect the communities of Finchley Road and West End Lane. Landsec has been working with the local community and the London Borough of Camden to develop the new masterplan. The site will deliver 1,800 new homes, 35% of which will be affordable, and will provide a variety of amenities and leisure facilities, including a town square with a variety of shops, restaurants, supermarket, gym, and cinema. As a new green space, the entire site will have improved pedestrian links and half of the 14-acre space will be dedicated to public and green spaces that will be open and accessible for all. This includes a new community green, linear park and a community garden, where people can visit, exercise and socialise in. The development is aligned with Landsec’s focus on developing and investing in mixed-use urban neighbourhoods, a key pillar of its growth strategy. David Heaford, Managing Director – Development at Landsec: “We are delighted to submit our final proposal for the O2 Centre after receiving valuable input from the local community. At Landsec, we believe in the power of building communities, workforces and improving lives. The O2 Masterplan Site represents our vision of creating a vibrant place to live, work and enjoy, shaped by local identity and designed to serve the needs of all in the community whilst providing access to open green space. More broadly, we remain excited by the huge growth potential of these urban opportunities and believe regeneration is key in offering sustainable urban neighbourhoods right across the UK.”
Barberry Industrial has completed the construction of a state-of-the-art centre of engineering excellence for a world-leading manufacturer of critical flow control solutions at a strategic site in the West Midlands. A 57,000 sq ft headquarters and manufacturing and design facility has been delivered on behalf of IMI Truflo Marine, part of IMI plc, at Birmingham’s Advanced Manufacturing Hub (AMH). Barberry Industrial, a West Midlands-based property developer and investor, was selected to purchase the site from Birmingham City Council and Homes England. The completed building has been handed over by construction contractor Benniman. The global engineering company will soon relocate to the manufacturing hub in Witton from its existing facility nearby, having signed a new 15-year lease on the Aston facility. The move safeguards the jobs of its existing skilled workforce and creates new employment opportunities. Barberry Industrial development director Jon Robinson said: “We’re extremely proud to have worked alongside IMI Truflo Marine to deliver a world class headquarters building and centre of excellence. It is a magnificent state-of-the-art facility, which matches their global ambitions and aligns with the expectations of their customers around the world. It will assist them in continuing to grow their business here in Birmingham. “It is significant for the city and the AMH, and for us it represents another excellent piece of business, working with the private and public sector to create further investment and jobs for the city. IMI has a long and successful history in the city, and the skills and talents of local people has helped the company develop and grow into the global business it is today, employing around 11,000 people.” IMI Truflo Marine is part of IMI Critical Engineering – a world-leading provider of critical flow control solutions that enable vital energy and process industries to operate safely, cleanly, reliably and more efficiently. Managing director Mark Bloxham said: “It’s been a pleasure working with Barberry on such an important project for our business. The new facility will not only create a world class manufacturing facility for our customers, our employees and our stakeholders but will also serve as a centre of engineering excellence to support our global market from here in Birmingham.” Barberry secured detailed planning permission, negotiated a holding contract, commissioned a construction tender process, acquired the site and then sold the investment to Royal & Sun Alliance Insurance Plc c/o BMO Real Estate Partners. The project was executed by Barberry in a 12-month period. Barberry has a 3.6 million sq ft industrial/logistics development portfolio with a Gross Development Value of in excess of £500 million. This is Barberry’s second development at the AMH, where they speculatively developed a 65,000 sq ft unit and let it to Mayflex. The unit was acquired by M&G Real Estate for £9 million. It is developing a £40 million state-of-the-art manufacturing and design facility for a global leader in engine and flight controls systems in Gloucestershire. The 207,000 sq ft centre of excellence for Moog’s Aircraft Controls Segment is being built on a 10-acre site at Ashchurch, Tewkesbury. The company has also commenced speculative construction of three high quality mid-box manufacturing/logistics units totaling 222,750 sq ft at a prime West Midlands business park in a £37 million project. Barberry’s development includes industrial/logistics units of 47,750 sq ft, 62,000 sq ft and 113,000 sq ft at Wolf Pack, Hilton Cross Business Park, just off junction 1 of the M54, Wolverhampton, and will bring much-needed investment and jobs to the region. IMI Critical Engineering is a division of IMI plc, the specialist engineering company that designs, manufactures, and services highly engineered products that control the precise movement of fluids. Its innovative technologies, built around valves and actuators, enable vital processes to operate safely, sustainably, cleanly, efficiently and cost effectively. IMI employs approximately 10,000 people, has manufacturing facilities in 18 countries and operates a global service network. The Company is listed on the London Stock Exchange. Further information is available at www.imiplc.com.
Octopus Real Estate, part of Octopus Group and a leading UK specialist real estate lender and investor, has announced its commitment to building new care home developments that are net zero by 2030, marking the first such pledge across the care home industry. In addition to funding new developments to achieve carbon neutrality by 2030, Octopus will make significant investments into its existing portfolio of 71 care homes across the UK to retrofit these properties. It has committed to making these care homes and 13 properties currently under construction net zero by 2040. The pledges will ensure Octopus, as a leading investor and landlord in UK care homes, is driving the industry towards higher energy efficiency standards. The two net zero commitments were met with unbridled support from the institutional investors who invest in Octopus’ care homes strategy, demonstrating the demand among pension funds, insurers, sovereign wealth funds and family offices for assets that are contributing to the UK’s energy transition requirements. The commitments also reflect Octopus Group’s commitment to reach net zero by 2030. As part of its commitments, where needed, Octopus will work to minimise and offset the embodied carbon in the construction process of its new developments, including through UK Government-approved, high-quality certified carbon sequestration projects. Michael Toft, Care Home Senior Fund Manager, Octopus Real Estate, commented: “We are incredibly proud to be the first investor and landlord in UK care homes to commit to net zero targets. We see it as a natural extension of our role as a leading player in the care home sector and our passionate belief as a Group that people and the planet deserve better. Our commitments place us ahead of both the UK Government’s net zero targets and the Paris Agreement targets. Octopus Real Estate’s investors overwhelmingly supported these pledges, mirroring their overarching support for our care home strategy, which helps them to achieve genuine impact for society while generating financial returns.” Benjamin Davis, CEO, Octopus Real Estate, commented: “This announcement fits into wider sustainability initiatives within Octopus Real Estate, including our Greener Homes Alliance with Homes England, which is funding the development of energy efficient homes across England. It reflects our strident belief that companies will increasingly be judged on how they are building a better tomorrow and should be seen as a clear marker of intent for our objectives and strategy. We have been delighted with the stamp of approval we have received from our investors for this approach so far.” The Octopus care homes strategy offers institutional investors an impact investment opportunity – achieving social benefits for the ageing population through investing in elderly care homes and specialist care. The strong fundamentals of healthcare infrastructure investment, including sustainable, inflation-linked income, risk-adjusted returns, and supportive demographics, continue to attract significant institutional investor demand.
Bellway has completed the purchase of land from Homes England in Milton Keynes, where it will adopt new building technology for the first time in the UK, speeding up the build process with some homes built on a factory production line. Bellway will build 160 homes using Modern Methods of Construction on the 9.2-acre parcel of land at Tattenhoe Park. This will include 40 modular homes and 120 homes built using timber frame panels. The housebuilder was selected to develop the site at Tattenhoe Park as part of a Homes England pilot project to speed up the delivery of new homes. The build programme will be completed within two years of work starting. Paul Smits, Managing Director of Bellway Northern Home Counties, said: “Bellway is committed to exploring innovative ways of delivering new homes more quickly and more sustainably. Tattenhoe Park is therefore a key project for the company, and for the community in Milton Keynes. “Using Modern Methods of Construction will offer benefits beyond speeding up construction. The modular homes, which are built off-site, and the timber frame panels, which replace traditional breeze blocks, are produced in a controlled factory environment. This ensures consistent quality and removes any negative impact from weather conditions. “Both methods improve energy efficiency by creating a more airtight home, and timber is a more sustainable material than brick. The modern processes also reduce the amount of waste produced in the build process. “We have worked with Homes England and with our partners to ensure we can build these homes to the highest standards, for which Bellway is known as a HBF Five Star Builder. “The end result will be a new community which looks comparable with Bellway’s other developments in the area, while delivering these additional benefits to the customer, the community and the environment.” The project is one of a series being led by Homes England with the ambition of delivering 1,800 new homes across the country using a variety of modern construction methods. Bellway’s 160 homes will form phase four of the wider Tattenhoe Park development. Bellway will partner with ilke Homes to deliver the 40 modular homes. Stewart Milne Timber Systems will supply the timber frame panels for the remaining 120 homes. The homes at Bellway’s Tattenhoe Park development will be a range of one and two-bedroom apartments, one and two-bedroom maisonettes and two to four-bedroom houses. The 48 affordable homes will be divided between rental and shared ownership, and there will be a selection of wheelchair accessible properties. Bellway secured planning consent for the development at the end of 2021 and expects to start work on site by the summer. Bellway’s Northern Home Counties division is based in Milton Keynes. The division is already building homes at Wavendon View and Wavendon Chase on the outskirts of Wavendon, and is set to launch a new development at Whitehouse Park in Milton Keynes later this year. For more information on homes at Tattenhoe Park see https://www.bellway.co.uk/new-homes/northern-home-counties/tattenhoe-park.
Work on four new speculatively built units is underway at two major West Midlands logistics parks as Prologis, the leading developer of industrial property in the UK, expands its portfolio at Prologis Park Hams Hall and Prologis Park Ryton, near Coventry. At Prologis Park Hams Hall, three buildings are currently under construction with steelwork and cladding currently being put in place. The three units – DC2 (259,510 sq. ft.), DC3 (131,780 sq. ft.), and DC4 (85,685 sq. ft.) – are set for completion in summer 2022. At Prologis Park Ryton, work is underway on a 330,770 sq. ft. unit, also due to be completed in summer 2022. With seven of its 22 logistics parks located in the West Midlands, these new developments further strengthen Prologis’ commitment to delivering logistics property in strategic locations for UK supply chains. Prologis Parks Ryton and Hams Hall are important locations in the Midlands, especially for the automotive industry and are already home to companies such as Jaguar Land Rover, LEVC and DHL. Both sites have quick access to the national motorway network, with Prologis Park Hams Hall also featuring an on-site intermodal rail freight terminal, which links to three seaports and the channel tunnel. Alongside playing their part in improving the flow of goods around the country, the four new units will also deliver social value through job creation and strengthening the local economy. Sustainability has been factored into the build process from the outset too, with all units being net zero in construction, and will be targeted BREEAM-rated ‘excellent’, and EPC A rated. Tom Price, capital deployment and leasing director at Prologis UK, said: “These four new units will provide vital extra capacity for the West Midlands logistics and warehousing market. We know that our customers and the wider business community recognise the value of the region to their supply chain operations, and we’re pleased to be providing facilities to help meet that demand. It’s exciting to see the new units take shape and we’re looking forward to their completion later this year.”
The first CGIs of the residential development Lockside Wharf in Birmingham’s Jewellery Quarter have been released. Property investment company Joseph Mews, which is working with London-based property development company Consortia Developments to bring the properties to market, have released the images this month. Lockside Wharf, once called Scotland Works, is currently under development and will be a careful restoration of a historic Birmingham landmark situated along the city’s canal system. The canal-side development, based on Scotland Street, was formerly offices and is a historic Victorian building, recognised as a hub of manufacturing in Birmingham since 1897. Work has already begun to convert the site into 61 one, two and three-bedroom apartments, split across the restored old building and a brand-new building on the adjacent empty site. There will also be roof extensions, creating four penthouse-style apartments at the top of the development. While one half of Lockside Wharf will be a complete restoration of the original structure, the other will be a newly developed structure on the neighbouring brownfield site. The newly released images by Joseph Mews showcase what the inside of some of the apartments will look like, featuring designer Poggenpohl kitchens, quartz worktops and designer interior styling, as well as wine fridges and balconies. The Joseph Mews Property Group, which officially launched at the start of the year, and was set up by former SevenCapital sales director Andy Foote, is proud to be helping Consortia Developments bring this product to market. Andy said: “Throughout the development it will keep its ‘reclaimed aesthetic’ with exposed brickwork and steel sitting alongside Karndean flooring, state-of-the-art appliances and clean lines. “It’s expected that Lockside Wharf will be a unique proposition for buy-to-let investors interested in Birmingham. The wider development is designed to appeal to the professional tenants flocking to Birmingham in search of work at some of the biggest companies in the city. We are looking forward to bringing these homes to the market, alongside Consortia Developments,” he said. Lockside Wharf is expected to complete in the second quarter of next year. For more details about Joseph Mews email Sales@Joseph-Mews.com or visit www.joseph-mews.com.
