Keepmoat to regenerate part of Milton Keynes in £21.5m project
Spencer Bridge wins industry award for work on Scottish bridge
“The whole team are delighted to have been recognised with this award and it gives us great pride to have worked on this project. “A key element of the project was ensuring that the works were completely non-invasive to ensure no damage was caused to the original structure. “Having both design and construction teams in house enables us to work collaboratively to design the most practical and effective solutions to complex projects, which is demonstrated by the success of our work on Connel Bridge.”
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Developer secures £31.3m loan for Build to Rent housing schemes
The loan will be split between two Build to Rent (BTR) schemes in Bolton and Halifax town centres.
The Bolton project has received £22.6m for the delivery of 167 one and two-bedroom units. Previously a brownfield site, the 1.1-hectare site will also offer around 5,000 sq ft of commercial space on the ground floor, communal green areas and a new public square within the scheme.
The transformation of a former multi-storey car park in Halifax into 122 one and two-bedroom units, has received £8.75m to enable the development of high-quality sustainable homes, alongside a communal recreation space for residents.
Both developments will provide new high-quality affordable rental housing in priority regeneration areas, catalysing investment in their respective town centres.
Each development is all-electric, partly supported by PV panels and air source heat pumps and will offer cycle and EV parking spaces. Furthermore, all units will have a minimum of EPC B.
Cllr Gerald Cooney, Chair of GMPF said: “As a leader of a Council as well as a chair of a pension fund I know the depth of the housing crisis in which we find ourselves as a nation. We see it as we place record numbers of homeless children in temporary accommodation; as we grapple with waiting lists for social housing getting longer and longer; and younger residents are priced out of home ownership.
“That’s why we are proud to make this investment with Placefirst and support the Government’s plan to provide much needed affordable homes for hardworking families whilst delivering strong low risk returns to pay the pensions of our hardworking members.”
Will Church, Executive Director, CBRE, said: “We deploy significant amounts of debt from our pool of capital into the North West, as recently demonstrated by these two whole loans to Placefirst. This is the second loan we have made on behalf of GMPF since securing our mandate and the first housing-led loan.
“This loan will contribute to the essential housing needed in the region, while adding real socio-economic benefits to Bolton and Halifax town centres. We remain interested in supporting further development across all main asset classes with loans that have appropriate risk adjusted characteristics and, crucially, which bring regeneration to the region.”
David Mawson, chief executive for Placefirst, said: “We’ve long been committed to addressing housing shortages by delivering much-needed high-quality rental homes in prime locations. Through these brownfield developments, Placefirst will revitalise neighbourhoods that have been bursting with potential, leaving behind well-connected homes that offer communities a new standard for rental living.
“As developers and operators, we are long-term partners with our residents and the communities we build in which is why we’re people-focused from design to operation. This GMPF loan is a testament to the social and economic benefits our developments have been proven to deliver for local communities. From encouraging wider investment into the area to helping communities connect, our developments offer long-standing value.”
Both schemes are under construction, with each expected to reach practical completion in 2025. Once complete Placefirst will remain on site and be responsible for managing every aspect of the neighbourhood through the appointment of dedicated resident services managers.
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Employers and training providers promote STEM opportunities in Scarborough
More than 30 employers and training and education organisations are to exhibit at Scarborough Science and Engineering Week from October 8th to 10th
Sponsored by mining company Anglo American, the even t is intended to engage in a wide variety of interactive activities to encourage them into further STEM learning and careers.
Since the inaugural event, it has attracted more than 39,750 students, inspiring a future workforce into skill-based careers covering science, design, technology, engineering, and mathematics.
The 15th anniversary event will attract more than 3,000 young people aged from seven to 19, from schools across the coast and beyond.
Sam Alexander, who chairs the LEP’s Skills and Employability Board said: “This is a hugely exciting annual event, helping to build aspiration and opportunity for young people across the coast and beyond.”
Gareth Edmunds, Corporate Relations Director for Anglo American’s Crop Nutrients business, said: “Events such as this are critical in trying to ensure we equip our young people with the skills they need. We are incredibly proud to support it.”