A new office development in Leicester city centre, located next to two newly constructed hotels and public realm areas, is set for early completion in July 2019. “No.1 Great Central Square is such a key development for Leicester; the site exceeds occupiers demands in terms of office accommodation in a modern
GMI Construction Group, a fast-expanding building and construction services company has announced the award of a major new contract to construct a 118,000 sq. ft state of the art manufacturing plant for Aflex Hose on a 11.6-acre site at Bradley Business Park in Huddersfield, close to the M62 Aflex Hose
Teeside University has welcomed its latest flagship building, which has been completed as part of a new UK centre of excellence for biosciences set to open later this year. The new National Horizons Centre, the University’s research, teaching and training facility, was delivered by Wates Construction over a year-long build programme.
Buckingham Palace, the official London residence of Queen Elizabeth II, could earn £1,034,291.43 a day if listed on Airbnb. The figure was calculated by GuestReady, a globally leading Airbnb management company, to demonstrate how much the sovereign could profit if she rented out the palace’s rooms on the short-term rental
It was a double night of success for Bishop Grosseteste University (BGU) and architecture and sports & leisure firm LK2 at the Lincoln Good Design Awards, as the newly renovated Constance Stewart Hall took home the coveted ‘Outstanding Project’ and ‘Best Commercial Project’ awards. Designed by LK2, the impressive £2.2m
Two tower cranes have been delivered on a site in Coventry where the development of new student accommodation is taking place. UNINN Parkside Development’s scheme will see 502 en-suite, mix of studio & cluster bedrooms constructed within three towers – six, 13 and 19-storeys high. The 19th floor will house a
Barings, one of the world’s largest diversified real estate investment managers, has unveiled the views from its Landmark Manchester, 180,000 sq ft office development which is currently under construction in St Peter’s Square. Set for completion in Q3 of 2019, the building will offer occupiers the largest available floorplates in
Construction work has begun on a new accommodation complex for NHS staff and medical students working at Yeovil Hospital. The key milestone in the project was marked by a turf cutting ceremony held on 15 March 2019 on the site of the town’s former Nautilus Works, just off the A30
The current rise in speculative development will help replenish an undersupplied UK market, according to research from Cushman & Wakefield. Eight million sq ft of speculative development was underway across 44 buildings over 50,000 sq ft at the end of 2018, while the average void period for spec built space
Woodhead Group has made a great start to the first quarter of 2019 after securing a trio of framework wins to deliver a range of housing and public sector construction projects. The group has been appointed to the Westworks Procurement Development and Construction DPS and re-appointed to the Blue Skies
A new office development in Leicester city centre, located next to two newly constructed hotels and public realm areas, is set for early completion in July 2019. “No.1 Great Central Square is such a key development for Leicester; the site exceeds occupiers demands in terms of office accommodation in a modern thriving city centre. Construction is ahead of schedule and the completion date has moved forward. This is great news given the overwhelmingly positive response and strong interest from potential occupiers received to date. Interested parties are reacting to the clear advantages this location offers, not to mention the fantastic facilities and working environment offered,” said Reg Pollock from property consultants APB Leicester LLP. “Great Central Square is a significant regeneration scheme so it’s no surprise that people are keen to be a part of it. Its completion will create a gateway between the city and the waterside, tenants will benefit from the nearby Highcross shopping centre and fantastic transport links to the rail station, motorway network, and nearby airports,” Reg Pollock added. As well as offering up to 33,000 sq ft of Grade A offices, the Great Central Square mixed-use development will also see the listed Great Central Railway Station brought back to its former glory and converted into retail/leisure space. “It’s great to see speculative development within Leicester City Centre reflecting the confidence our clients Charles Street Buildings have in the market. No.1 Great Central raises the bar in terms of specification and design of offices delivered in Leicester to date and, when combined with the high-profile city centre location, really does offer office occupiers looking for space within the Leicester market something quite special,” commented James Keeton of joint agents JLL.
GMI Construction Group, a fast-expanding building and construction services company has announced the award of a major new contract to construct a 118,000 sq. ft state of the art manufacturing plant for Aflex Hose on a 11.6-acre site at Bradley Business Park in Huddersfield, close to the M62 Aflex Hose specialise in the design and manufacture of PTFE-lined flexible hoses for the pharmaceutical, food, chemical and automotive industries. The company currently operates from five separate manufacturing, office and product development facilities across Yorkshire which they intend to consolidate under one roof. The development which will include investment in new extrusion lines and processing equipment, is set to boost production capacity by 70%. Aflex expects that up to 200 new jobs will be created as a result of the new development over the next 10 years. Construction of the new factory which began at the start of February was recently marked by an official ground-breaking ceremony onsite attended by representatives from Aflex and GMI, together with local dignitaries and key project stakeholders. Speaking about the announcement and new factory plans, Aflex Hose UK Project Director Jeremy Hudson said: “After many months of planning and consultation we are delighted to now be onsite and commence construction of this fantastic new state of the art facility. We have given GMI an ambitious build programme and hope to begin consolidating our existing production facilities into the new factory by the spring of 2020. This project constitutes a significant investment for Aflex and their corporate owners Watson-Marlow (A Spirax-Sarco Engineering Company). When fully up and running, the new site will allow us to achieve our ambitions, demonstrating our commitment to customers worldwide, and to our workforce, thus ensuring that as we continue to grow as a company we will continue to manufacture world leading PTFE lined flexible hoses to the highest standard.” Also commenting, Andy Bruce, GMI Group Managing Director said: “We are very pleased to have been awarded this contract by Aflex Hose and be trusted to deliver this important new state-of-the-art manufacturing plant. The design teams have worked closely with Aflex Hose to design a facility that accommodates the bespoke nature of their manufacturing requirements now and in future – thus securing additional capacity requirements going forward and the potential addition of new product lines. The build programme has been carefully designed to minimise disruption to local residents and we are committed to an open-door relationship with the residents and neighbouring businesses”. Now in its 33rd year, GMI has considerable experience and a solid track record of delivering building and construction excellence across an extensive range of sectors, for a growing international portfolio of clients, from blue chip companies to public sector clients and private developers. Throughout the past 12 months, GMI has completed projects valued at in excess of £100 million and worked on some of the UK’s most profile developments including: The Springs, Thorpe Park Leeds and Follingsby Max in Gateshead.
Teeside University has welcomed its latest flagship building, which has been completed as part of a new UK centre of excellence for biosciences set to open later this year. The new National Horizons Centre, the University’s research, teaching and training facility, was delivered by Wates Construction over a year-long build programme. The £22.3 million building will sit at the heart of a cluster of excellence on Darlington’s Central Park alongside the National Biologics Manufacturing Centre and the University’s Centre for Professional and Executive Development. At peak construction periods, Wates’ team stood at 125 site operatives with extensive opportunities for training and employment for local people also created. On-site training has also included the contractor’s industry leading Building Futures course, which is designed to introduce local jobseekers to careers in construction. The course at the National Horizons Centre led to long-term employment for 50% of candidates with Wates and its supply chain. “The new National Horizons Centre is one of the biggest investments we have made so far. Our rich history of innovation, research and development is set to continue thanks to this state-of-the-art facility in Darlington. Just a year ago, I was stood in an empty field and we were breaking ground on this world-class biosciences research facility – and now we’re seeing the results. I’m also delighted to see that local businesses and local apprentices have benefited from the construction phase,” said Tees Valley Mayor Ben Houchen. “The new economy will be built on biologics and digital – key sectors we need to support. This massive £17.5million commitment of ours is testament to the importance we have placed on securing jobs for the future,” he added. A programme of fit-out works are now scheduled to take place ahead of the reveal of the new campus later this year.
Buckingham Palace, the official London residence of Queen Elizabeth II, could earn £1,034,291.43 a day if listed on Airbnb. The figure was calculated by GuestReady, a globally leading Airbnb management company, to demonstrate how much the sovereign could profit if she rented out the palace’s rooms on the short-term rental platform. The palace has 775 rooms, of which include but are not limited to, 19 Staterooms, 52 Royal and guest bedrooms, 188 staff bedrooms, 92 offices and 78 bathrooms. The overall figure represents the rent price for one day in the palace’s premises, including access to the property’s garden and facilities. The calculations were made by taking into consideration the daily rental rate of properties in the same area where Buckingham Palace is located. GuestReady made sure its estimate was based on prices of office and events spaces, flats and hotel suites that provide a similar level of luxury that one would expect to get at the palace. In addition, GuestReady accounted for the fact that with the high number of quality amenities offered at the palace – such as a private movie theatre, indoor swimming pool, post office, or medical centre – the daily rates would increase by approximately 50%. According to GuestReady’s numbers, one night in one of the 52 Royal bedrooms would be £3,570, while those keen to stay at Buckingham Palace on a budget could stay in one of the staff apartments on a significantly cheaper amount for just £284 a night. If you fancy renting out the banquet room, which seats 160 guests, you’d need to pay £16,000. If you’re expecting more guests, you can take the party to the palace’s garden where approximately 8,000 people are usually invited to the royal garden celebrations. Buckingham Palace’s garden covers 40 acres and includes a helicopter landing area, a lake, and a tennis court. To rent that space out for one day, the price is a bit steeper at £400,000. “Who never imagined what would be like to stay as a guest at Buckingham Palace? Millions of people around the world are fascinated by the British Royal Family, so we thought we’d crunch the numbers to give them a bit of a glimpse of how much one of the most famous properties in the planet would go for if listed on Airbnb. Even though travellers are still not allowed to book the palace as their next holiday accommodation, there are still plenty of amazing properties in London they can book through short-term rental platforms,” commented Steffan Maagefelt, UK Country Manager at GuestReady.
It was a double night of success for Bishop Grosseteste University (BGU) and architecture and sports & leisure firm LK2 at the Lincoln Good Design Awards, as the newly renovated Constance Stewart Hall took home the coveted ‘Outstanding Project’ and ‘Best Commercial Project’ awards. Designed by LK2, the impressive £2.2m redevelopment was chosen by the Planning Department of Lincoln City Council as the overall ‘Outstanding Project’ of 2019, whilst a public vote placed it top in the commercial category. In naming it the ‘Outstanding Project’ the panel praised the design’s ability to maintain the heart and character of the existing art deco building whilst adding a modern aesthetic: “This modern extension to an academic building has real dynamism with bold modern materials and strong geometry which creates great contrast, whilst referencing the art deco design of the host building. The result is a prominent and sculptural focal point onto this busy junction announcing BGU’s presence.” As the Vice-Chancellor of BGU, the Reverend Canon Professor Peter Neil, noted, this union of history and innovation was vital to the University: “When it came to creating a new flexible teaching space we needed a building that would support our ambitions, and we wanted a team of architects who could make this a reality. The design by LK2 for Constance Stewart Hall perfectly captured this balance and our finished building provides students with cutting edge facilities to help them progress. We are incredibly proud to have been an integral part of the Lincoln community for over 150 years and it is immensely rewarding to see that the people of this city hold our campus in such a high regard.” Dale Lui, chief executive of LK2 Group, said: “We are delighted to have been awarded two fantastic awards for this iconic scheme which has transformed the cityscape. The extra special thing about this award is that the project was voted for by the general public, showing that people from the city of Lincoln appreciate the building’s design. “This project showcases the impact of good design in so many different ways. Acting as a ‘shop window’, the new building gives BGU’s campus greater prominence and promotes the university to the wider community. The design of the building has enabled us to create an ‘outward-looking’ part of the campus, inviting local people to see the university as part of their community.”
Two tower cranes have been delivered on a site in Coventry where the development of new student accommodation is taking place. UNINN Parkside Development’s scheme will see 502 en-suite, mix of studio & cluster bedrooms constructed within three towers – six, 13 and 19-storeys high. The 19th floor will house a rooftop lounge terrace. UNNIN Parkside Development has been working with Winvic Construction, who completed this recent milestone, to refine the design and solve engineering challenges for the last six months. “Winvic has been making excellent progress on Parkside and their knowledge of city-centre, high-rise developments is evident. Already there is a buzz about Coventry’s next luxury student accommodation provision and we look forward to welcoming students into their new rooms in summer 2020. Together with Winvic, we’re confident to exceed expectations,” said Andrew Jamieson, Managing Director of UNINN Parkside Development. So far, the piling for the 5 metre deep basement, which will provide a gym, laundry, cinema, karaoke room and communal lounge for tenants and a plant room/energy centre, has been completed. On the ground floor there is also planned a 100 m2 of retail space. Ground works are underway with the first pile caps and beams installed. Following this will be the storm water attenuation measures, blue roof tanking over basement areas and erection of the steel framed building will. A combination of brick slips and rainscreen cladding will make up the external façade’s striking design, and the interior will take shape with high quality finishes throughout, meeting the demands of the luxury student living market. Delivered on a turnkey service by Winvic, additionally comprising works to the existing highway and the creation of 160 bicycle spaces, the 95 week project will ready for habitation in August 2020.
Barings, one of the world’s largest diversified real estate investment managers, has unveiled the views from its Landmark Manchester, 180,000 sq ft office development which is currently under construction in St Peter’s Square. Set for completion in Q3 of 2019, the building will offer occupiers the largest available floorplates in the prime core of Manchester City Centre, of circa 14,000 sq ft. Landmark Manchester will provide 14 floors of next generation office space above two basement levels. The building is being constructed with an offset core, enabling occupiers to benefit from large virtually column free floorplates to provide maximum efficiency and flexibility. Ian Mayhew, Managing Director at Barings, said: “Following the completion of over 100,000 sq ft of Grade A office lettings so far in Manchester City Centre this year, competition for available space is fierce. The average transaction in 2019 has been for around 20,000 sq ft which Landmark can easily accommodate. “Our careful assessments of the Manchester office market gave us the confidence to commit to delivering Landmark this year, as we knew that we would be hitting a supply-constrained market and would therefore have a real opportunity to help meet the demand for high quality space within the City. We’re in an advantageous position where we are able to offer occupiers a best in class office building with stunning views over the Manchester skyline, at a time when the Manchester office market needs it most.” Barings Alternative Investments (BAI), part of Barings LLC, is a 470+ associate team located across 11 countries that manages $48.5 billion in client capital. BAI seeks differentiated sources of returns by incorporating decades of investment experience in alternative assets offering investors access to a diverse range of opportunities across private equity, real assets, asset-based investments and the four quadrants of real estate. We serve as a trusted partner to clients, leveraging our global presence and robust origination capabilities to identify the most attractive risk-adjusted return opportunities. The Barings Real Estate team offers a broad range of investment opportunities globally across the public and private debt and equity markets. The team invests across all major property sectors with a focus on global relative value and trend-backed preferred strategies. About Barings Barings is a $303+ billion* global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe and Asia Pacific.
Construction work has begun on a new accommodation complex for NHS staff and medical students working at Yeovil Hospital. The key milestone in the project was marked by a turf cutting ceremony held on 15 March 2019 on the site of the town’s former Nautilus Works, just off the A30 at Reckleford, where the new accommodation complex will be built. There to mark the occasion were Jonathan Higman (Chief Executive, Yeovil Hospital), Paul von der Heyde (Trust Chairman, Yeovil Hospital), Leighton Chumbley, Chief Executive of development partner Prime and Chris Watkins, Contracts Manager of construction firm Speller Metcalfe. The key worker accommodation scheme is the latest project to be funded by Canada Life and delivered through Yeovil Hospital’s strategic estates partnership with Prime. To date, the joint venture has delivered the Hospital’s new multi-storey car park and link road, an Emergency Assessment Unit, outpatient waiting area and a special care baby unit. Jonathan Higman, Chief Executive, Yeovil Hospital said: “This was an exciting moment for the hospital. The accommodation being built will provide frontline staff with modern, high-quality accommodation, just yards from the hospital site. “It’s an investment into our future and one which will help us recruit and retain employees whilst adding to the vibrancy of the wider community.” Leighton Chumbley, Chief Executive at Prime said: “The key worker accommodation complex is a much-needed scheme, which will not only improve the lives of the hardworking and dedicated NHS staff and students who work at the hospital, but it will also breathe new life into a town centre site which has been derelict for a number of years. The turf cutting ceremony celebrates our progress onto the next phase in the scheme, turning plans into real transformation for the town and the hospital workers who support it.” Chris Watkins, Contracts Manager at Speller Metcalfe said: “We are delighted to have been chosen to partner with Prime and Yeovil Hospital to deliver this fantastic new accommodation complex and are looking forward to the construction phase starting. We will be using our experience of building first-class residential accommodation to deliver the modern, comfortable and high-quality facilities the NHS workers and medical students deserve for the tremendous job they do for their community.” Designed by One Creative Environments Ltd (One), the accommodation complex will provide 176 bedrooms in total, in a mixture of one, two, four- and eight-bedroom apartments. Located just 500m from the Hospital, the scheme also includes shared living spaces and landscaped gardens to enable staff and students to socialise and relax away from work. Planning permission for the key worker accommodation project was awarded by South Somerset District Council planners in November last year, and £20m of funding was secured for the build by Prime in December 2018. With building contractors now on site, the project is expected to be completed by late summer 2020. Enquiries about the project can be sent to future@ydh.nhs.uk.
The current rise in speculative development will help replenish an undersupplied UK market, according to research from Cushman & Wakefield. Eight million sq ft of speculative development was underway across 44 buildings over 50,000 sq ft at the end of 2018, while the average void period for spec built space fell to nine months in the final quarter of 2018. Cushman & Wakefield estimates that at current take-up rates, vacant newly built space will reach 14 million sq ft by the end of 2019. However, the research said that low vacancies (around 5 per cent), scarcity of land in prime locations and a restrictive planning regime are likely to prevent any over-supply while pent-up demand for Grade A space will continue to fuel rental growth. Simon Lloyd, partner, national logistics & industrial, said: “While there will continue to be demand from occupiers for built to suit solutions, particularly in the manufacturing sector, the availability of speculative buildings is important in this dynamic market sector. The immediacy of a building solution for an occupier means they can focus on the operational aspects of their requirements, and therefore satisfy the demands of their customers. The current supply of new buildings does not represent many months’ take-up, and consequently occupiers will still need to focus on building solutions at an early stage.”
Woodhead Group has made a great start to the first quarter of 2019 after securing a trio of framework wins to deliver a range of housing and public sector construction projects. The group has been appointed to the Westworks Procurement Development and Construction DPS and re-appointed to the Blue Skies Contractor framework, which delivers social and affordable homes for local housing associations. The wins come just weeks after the company’s appointment on two value bands of the Pagabo framework. Tom Woodhead, director of the Woodhead Group said: “Securing a place on three public sector frameworks demonstrates that we are trusted partners, we have delivered excellent social value returns and as a company we are passionate about working collaboratively to hand over successful projects. “This trio of appointments has got 2019 off to a flying start and we are very pleased to have secured places on each framework.” The Westworks Procurement Development and Construction DPS is available for use by all Westworks and Efficiency East Midlands (EEM) members as part of the Collaboration arrangement between several like-minded procurement consortia. Woodhead Group has been part of EEM for seven years – during this time, the company has delivered or is on site with more than £50m of projects, and is set to complete its 500th home secured through the framework in 2019. Blue Skies Contractor framework is run by the Blue Skies Consortium, which is a collection of housing associations. It aims to deliver primarily affordable housing residential developments for the different associations. Woodhead Group has previously delivered a number of challenging projects through the framework, including the multi award winning Cross Street Eco Town Development for Longhurst Group and a programme of complex infill sites for Spire Homes, which received three National Considerate Constructors Awards. The Pagabo framework simplifies public sector procurement, making it quicker, simpler and more effective. Woodhead Group is one of 46 national and regional contractors appointed to the Pagabo framework. Tom added: “These frameworks act as a strong trust signal for councils and housing associations that are looking to work with us, and is a real testament to the high standard of work we deliver and our commitment to deliver real social value to local communities.”
