Wates starts work on Hoxton towers

wates-starts-work-on-hoxton-towersWates Construction has signed a £70.9 million contract to build Anthology’s new Hoxton Press residential development.

The Hackney project will see Wates create two towers of 20 and 16 storeys, comprising 198 one and two-bedroom apartments and three-bedroom penthouses for private sale.

Designed by Karakusevic Carson Architects and David Chipperfield Architects, the new development will include a single storey basement car park, ancillary services and a ground-floor café in one of the towers.

The new development, which will overlook Shoreditch Park and Regents Canal, forms part of the ongoing regeneration of Hackney Council’s Colville Estate in Hoxton, which will also help fund investment in new council homes for social rent and shared ownership.

Building work has now commenced at Anthology Hoxton Press and completion of the two towers, Mono and Duo, is expected by summer 2018.

David Newey, Project Director for Anthology Hoxton Press said: “We are thrilled to be working in collaboration with Wates on the exciting regeneration of the Colville Estate. At Anthology, we put community into the heart of everything we do and with Wates’ support at Hoxton Press, we will be providing a community café for all local residents to enjoy.

Hoxton is cemented as a key London destination for buyers, renters and tourists alike. By working with Wates, we are able to bring our vision to life with a development that sits in the heart of Hackney and has good travel connections, markets, shops and design studios just a stone’s throw away. Anthology will continue to work closely with Wates to deliver homes that provide the community with a location for creativity to flourish.”

Loans to help make warmer homes

£1.9bn net benefit to improve energy efficiencyNew £10 million pilot scheme has been announced which will increase energy efficiency and help repair homes across Scotland.

More people will be able to make their homes warm and water-tight through a new £10 million fund that will also boost the building trades.

The pilot scheme in Glasgow, Argyll and Bute and Perthshire will provide equity loans of up to £40,000 to home owners on low incomes to help them make essential repairs to leaking roofs and building structures.

The funding can be used either as a single equity loan or with other existing Scottish Government grants to fund more expensive measures like solid wall insulation or a package of energy efficiency works.

Housing Minister Kevin Stewart announced the pilot ahead of his attendance at the launch of Under One Roof. The new website will provide free and impartial advice to private flat owners and help them understand their obligations when it comes to property and shared spaces.

He said: “Making sure everyone has access to a warm and affordable home is a priority for this Government which is why we have committed half a billion pounds over the next four years, meaning over £1 billion by 2021, to tackling fuel poverty and improving energy efficiency.

We know leaking roofs and poor building structures can drive up energy bills and make them more difficult to heat, but for low income households they can often be too costly to repair.

This £10 million scheme will provide households with loans to carry out essential repair work and install energy efficiency improvements.

This will help us make homes warmer and easier to heat, with our record investment already resulting in two fifths of Scottish homes now being in the top three energy efficiency ratings – an increase of 71% since 2010.”

Mary Taylor, Chief Executive of SFHA, said: “We welcome the announcement of the equity loan scheme. It is extremely important that we invest in the energy efficiency of existing homes to provide affordable warmth and reduce carbon emissions. It is also important that we invest in existing buildings and keep them in a good state of repair.”

Housing boost for the Islands

Help to Buy scheme boosts house buildingUp to 100 affordable homes will be built in island communities through a new £5 million fund.

Speaking during a Scottish Parliament debate Housing Minister Kevin Stewart announced the Scottish Government will establish a new Islands Housing Fund – backed by up to £5 million funding over three years – to increase the availability of affordable housing in the islands.

This investment is in addition to the £25 million Rural Housing Fund which is supporting the building of new homes and refurbishment of existing properties in rural areas.

Mr Stewart said:“Scotland’s islands have rich and vibrant cultures and make a huge contribution to Scottish life but we know people living there can face challenges when it comes to accessing the home they want.

Our new £5 million Islands Housing Fund will increase the supply of good quality affordable housing which is an essential part of attracting and retaining people in our islands.

Investment in this support for the islands and through the Rural Housing Fund will help us deliver at least 50,000 affordable homes over the lifetime of this Parliament and ensure we are reaching across all of Scotland in our ambitions.

“Our Islands Housing Fund demonstrates our strong and continued support for our islands, with the forthcoming Islands Bill set to provide lasting benefits for these communities for generations to come.”

Construction set to begin on The Mill

construction-set-to-begin-on-the-millThe Mill – an 800 home urban village complete with a neighbourhood centre, community hall, and parks – is being developed by Tirion Homes on the site of the former Arjo Wiggins Paper Mill site in Canton.

The construction programme is expected to create over 1,000 jobs, many for people living locally.

The site remediation has been carried out by Alun Griffiths. The construction of the new homes will be undertaken by Lovell.

The Group is currently working on two other sites in the region; the 500-home Whiteheads development in Newport, and the planned 225-home Parc Eirin site in Tonyrefail.

Peter Mathias, chairman of Tirion Group, says: “The Mill is a ground-breaking development that will not only transform the local community around it, but hopefully become a blueprint for high-quality housing communities across South Wales.

As we prepare for the start of construction it is an honour to host AMs, MPs and councillors, and to be able to outline our vision for the site and our future vision for housing developments across Wales.”

At The Mill, Tirion has unlocked the potential of the long-disused paper mill site by acquiring and cleaning up the brownfield land with financial backing from the Welsh Government and Principality, securing planning permission and then developing the site in partnership with Lovell.

Lovell regional director Kate Rees says: “We are delighted to be working with the Tirion Group, Cadwyn Housing Association, the Welsh Government and Principality to deliver this landmark housing scheme for Cardiff and look forward to starting construction of these new high-quality homes for sale and for rent.

The Mill will create a brand-new community in an extremely desirable riverside location close to the city centre.”

Peter Hughes, managing director at Principality Commercial, said: “Supporting this development goes to the heart of our purpose in helping people access quality affordable housing in an attractive environment, with excellent links to the city centre.

In recent years we have invested heavily in local communities through a variety of both commercial and residential projects. The Mill project will hopefully pave the way for similar schemes across Wales.”

 

Apache in joint venture with Moda Living

apache-in-joint-venture-with-moda-livingApache Capital Partners has announced a joint venture with Moda Living to plan and build projects of approximately 5,000 homes and a gross development value of £1 billion.

This strategic joint venture makes Apache Capital the long term funding partner of Moda Living. The partnership is expected to create the largest owner of regional purpose-built PRS and one of the largest owners of PRS overall in the UK.

The portfolio concentrates on regional centres where population growth and an undersupply of residential accommodation looks set to trigger rental and capital growth over the next few years.

A focus on prime locations attracting the ideal tenant profile for PRS developments; 20-44 year olds with disposable income who demand locations and buildings that come with high quality services and amenities.

Richard Jackson, Co-Founder and Managing Director of Apache Capital Partners, said: “We at Apache Capital have seen a strong demand from our Middle Eastern investors in the UK’s Private Rented Sector.

This is partly because PRS is already an established sector in the region, the sector’s continuing supply/demand imbalance in the UK, but also coupled with the prevailing lifestyle shift toward flexible living that delivers high quality amenities and services.

“The 5,000 unit secured portfolio provides us immediate scale and Apache Capital and Moda Living will currently be the largest owner of regional purpose-built PRS and the second largest owner overall in the UK.

“This strategy builds on the success of Apache Capital’s Social Infrastructure investment platform, where we have aggregated an institutional grade portfolio of assets in the student accommodation and healthcare sectors.”

Birmingham unveils £1bn investment plans for growth and jobs

birmingham-unveils-1bn-investment-plans-for-growthAlmost £1 billion of investment is being committed to redevelop a part of Birmingham that will pave the way for thousands of new jobs and homes.

The Curzon Investment Plan is an ambitious 30-year strategy to unlock and regenerate the 141 hectares of land around the planned HS2 Curzon Street Station, led by the Greater Birmingham & Solihull LEP (GBSLEP) and Birmingham City Council.

Creating 36,000 jobs, 4,000 new homes, unlocking 600,000 sqm of commercial floor space and connecting the eastside of Birmingham to the rest of the city and beyond; the investment is the first major financial commitment by any local area in the country to use HS2’s arrival as a catalyst for regeneration. It also has the potential to add £1.4 billion to the local economy.

Plans include the development of Curzon Street Station itself, several new neighbourhoods, offices and retail spaces. The creation of stunning public places such as the Curzon Promenade and Curzon Square – which will incorporate the original Curzon Station, a Grade I listed building.

In total £907 million is being allocated to a variety of projects, and is made up of £586.8 million from the GBSLEP, which draws funds from business rates within the Enterprise Zone and £137.2 million from the newly formed devolved government, West Midlands Combined Authority.

A further £183.3 million towards the cost of delivering Metro extension projects, connecting the eastside of the city to central Birmingham and out to Birmingham International Airport and Solihull, where another HS2 station, an interchange, is planned.

Prime Minister Theresa May said: “I’m delighted that Greater Birmingham is making this investment in the future, working to maximise the potential of HS2 by investing in jobs and housing – and encouraging more business investment.

It was in Birmingham where I outlined my plan to build an economy that works for all, with a proper industrial strategy that delivers prosperity, job creation and higher wages across the country, not just in London.”

Steve Hollis, Deputy Chair of the Greater Birmingham & Solihull LEP (GBSLEP), said: “The Curzon Investment Plan is the first major commitment by a local area to maximise the impact of HS2.

It outlines how we will use HS2 as a trigger to transform an area of untapped potential in Birmingham’s city core and create thousands of new jobs, homes and places for businesses to thrive.

This demonstrates clearly what we can achieve in this region by being given the right tools by central government, to unlock our own future economic success.

Our commitment to invest is a bold statement of intent for how we will utilise HS2 as a catalyst for growth at every step. By setting out our plans and investing now, we will begin to realise the economic benefits of HS2 far sooner.”

Councillor John Clancy, Leader of Birmingham City Council, said: “It is an unprecedented time for Birmingham and the wider region. By working with partners from across the region, we have fuelled an economic renaissance with significant inward investment and the implementation of major infrastructure schemes.”

Lovell project director appointed for 800-home urban village

lovell-project-director-appointed-for-800-home-urban-villageLovell has appointed Lee Woodfine as project director for The Mill: an £100 million urban village set to bring 800 new homes and boost the building trades.

Construction work will start later this year on the development at Canton which is being created by a partnership of the Tirion Group, Cadwyn and Lovell.

Lee’s appointment sees him return to Lovell after previously working with the company in South Wales for nearly a decade, leaving in 2010.

His 20-year construction career has also included senior management roles with residential developer Kier Living, developer Sennybridge and construction services company ISG.

Lee, who lives in Blackwood, Caerphilly, said: “I’m delighted to be working on this fantastic development which will significantly extend the available choice of new-build homes for sale and for rent in Cardiff, through the creation of a brand-new riverside community. The Mill will be a superb place to live.”

Later this year, Lovell will start construction work of the new homes at The Mill which is set to transform the 53-acre former Arjo Wiggins Paper Mill site.

One of Wales’ biggest urban regeneration projects, the construction programme is expected to create over 1,000 jobs, many for people living locally, as well as significant training opportunities.

Balfour Beatty gets £35m Perth Transport contract

Balfour Beatty gets £35m Perth Transport contractBalfour Beatty has been awarded a £35 million contract to deliver the first phase of the Perth Transport Futures Project, which will support growth in Scotland’s third fastest developing region.

Balfour Beatty will create a new grade separated junction on the A9 dual carriageway as well as a new link road enabling access to development land to the west of the city.

This is the first of four phases of the Perth Transport Futures project which aims to alleviate congestion, enhance accessibility to the city and unlock £500 million of economic growth for the local economy.

Hector Macaulay, Balfour Beatty Regional Managing Director, Scotland, said: “Delivery of this project will provide significant opportunities for local sub-contractors and suppliers, ensuring that the Perth and Kinross community not only benefits from greatly improved infrastructure, but also from the added economic benefit delivered through this scheme.”

Mark Robinson, Scape Group Chief Executive, said: “Through our National Civil Engineering and Infrastructure framework, Balfour Beatty and Perth and Kinross Councils have already formed a close partnership and this will help to ensure a streamlined and efficient first phase of the Perth Transport Futures Project.

Through the framework, the council is investing in the local economy and delivering added value for local residents as well as new opportunities for local SMEs, further enhancing growth in this rapidly developing region.”

The works are due to commence in September 2016, with completion expected in Spring 2019. The scheme will employ around 100 people and will provide a number of apprenticeship opportunities. 

More affordable homes for Fort William

The Scottish GovernmentNew affordable homes will be built in the Fort William area as a result of the Scottish Government investing over £2.5 million in charitable bonds.

Charitable bonds are ethical financial products – no profit is taken by Allia, a social investment charity who issues the bonds on the Scottish Government’s behalf. Allia have provided Lochaber Housing Association with a loan of over £2 million.

The interest on the loan, over half a million pounds, is converted into a charitable donation, which the Scottish Government gives to housing associations for the construction of new social housing

There has been considerable success with previous charitable bonds that have been issued with total investments now over £40 million.

This seventh bond provided development finance for 581 affordable homes, and generated over £9 million for charities of which £6.7 million will go towards the construction of new social housing.

Housing Minister Kevin Stewart said:”Good quality, affordable housing is essential to help attract and retain people in Scotland’s remote and rural communities.

We have committed to deliver 50,000 more affordable homes over the next five years, backed up with investment of more than £3 billion. Announcements such as this one today marks another step on road to delivering that pledge.

Innovative financing schemes such as charitable bonds play a major role in helping us deliver this major expansion in housing supply. We invested £25 million last year and have committed to invest the same again this year and we remain the only Government in the UK to do so.

Through these bonds we are also maintaining Scotland’s leadership in financial innovation, working with partners to deliver more for less public investment.”

U+I signs £95m London regeneration scheme

U+I secures £95m London regeneration schemeU+I has exchanged contracts with landowner, Parkdale Investments, to bring forward a new mixed-use regeneration project for the Forest Works site on Blackhorse Road, North East London.

The 3-acre industrial site has the potential to deliver 300 new homes and 5,500 sq. ft. of commercial space for the area, with a GDV of £95 million.

Less than 150 metres from Blackhorse Road Station, Forest Works sits within an area that has already been earmarked for significant wider regeneration.

The site has been identified as a hub within the London Borough of Waltham Forest’s Blackhorse Lane Area Action Plan and is located within the new Blackhorse Lane housing zone, which is aiming to deliver over 2,500 new homes and 1,000 new jobs in the next ten years.

Councillor Clare Coghill, Cabinet Member for Economic Growth and High Streets has described Blackhorse Lane as the area with “the greatest potential for improvement of any part of the borough.”

As well as £200 million of private investment, it is benefiting from support from the Mayor of London’s Outer London Fund for improvements to its high street and public amenity spaces.

In January 2016 it was also announced that Blackhorse Road Station would receive £2.2 million investment from TfL for improvements to the station and surrounding area.

Simon Hesketh, Director of Regeneration, U+I said: “We are delighted to be working with Parkdale Investments on a mixed-use regeneration project that will deliver significant benefits to the local area.

Forest Works demonstrates U+I’s ability to uncover regeneration opportunities within emerging parts of the London City Region. We are focussed on creating long-term social and economic change for the places in which we develop and we look forward to working with Waltham Forest council and the local community to progress our redevelopment plans for the site.”