Pent-up demand on hold in 2020 has returned with office take-up in the first half of this year nearly a quarter above the five-year average, according to Savills’ data. Demand is outstripping supply with a development pipeline equal to five months take up in an average year said the property agent. Commercial research director Steven Lang said: “The resurgence in transactional activity in the greater London and the southeast office market has continued as we begin to emerge out the [...]

A new steel frame modular housebuilder opened its first factory last week intending to build 5000 new homes a year within the next five years. CoreHaus’s 20,000 sq ft factor in Seaham, County Durham, is initially employing about 20 people but expects to grow to 100 once the firm reaches its optimum production volume. Managing director Scott Bibby said: “We already know there is interest and demand for our innovative product. The housing sector is screaming out for something that’s [...]

Allowing cafes, restaurants, day centres and gyms to be turned into housing could mean four out of five high street shops could be replaced by housing according to a new study out this week. University College London researchers looked at how extended permitted development rights, PDR, which came into force on the 1st of August, would affect Barnet, Crawley, Huntingdonshire, and Leicester. “We recognise the need for more homes and the desire to regenerate high streets. But we need new [...]

More than half of respondents agree conditions are consistent with an upturn, according to the Royal Institution of Chartered Surveyors, RICS’ latest commercial property market survey. In the second quarter, 56 per cent of survey participants predicted a recovery compared with 38 per cent of respondents from January to March. Chief economist Simon Rubinsohn said: “Demand trends appear much more stable in the office sector relative to recent quarters, while the industrial sector continues to see sharp growth in interest [...]

Construction output is forecast to rise by 14 per cent in 2021 and 6.3 per cent next year, according to the Construction Products Association, CPA, summer forecast published this week. Private housebuilding and infrastructure are expected to be key drivers of construction growth in this year and next, although the outlook for the commercial sector remains subdued. CPA economics director Noble Francis said: “The key constraint to our forecasts remains the cost and availability of imported products and skilled labour. [...]

Computer scientists have created an artificial intelligence system that can forecast building emission rates of non-domestic buildings. Loughborough University’s Dr Georgina Cosma and postgraduate student Kareem Ahmed have designed and trained an AI model to predict emission rate values with 27 inputs. Dr Cosma said: “It’s an important first step towards the use of machine learning tools for energy prediction in the UK and it shows how data can ‘improve current processes’ in the construction industry.” Current methods can take hours to [...]

High-quality zero carbon ready homes using sustainable building methods are among the goals of an industry-wide delivery plan for the next 30 years. Housebuilders, suppliers, regulators, environmental groups and planners as part of the Future Homes task force have produced a roadmap for being net-zero by 2050. Home Builders Federation, HBF, executive chairman Stewart Baseley said: “Today’s major environmental challenges will be with us for the future and cannot be ignored. It’s imperative we show leadership and commitment to play [...]

£690m brownfield development in Northwest London to deliver 1,500 homes Harrow council’s ambitious plans for over 1,500 homes to be built on three underused sites moved a step closer with the news of a joint development venture with Wates Residential. At least 40 per cent of the new homes are to be shared ownership or affordable housing and will be built on council-owned land in Wealdstone. Harrow council leader Cllr Graham Henson said: “Our work with Wates will benefit countless [...]

Building firms are being urged to carry on asking their workforce to wear masks while working in enclosed spaces or on busy sites by the Construction Leadership Council, CLC. The CLC is calling for a consistent approach in line with government guidance as rules on social distancing and face masks relax from the 19th of July. “It is recommended the good practices the industry had adopted over the last 18 months are retained,” said the CLC in their public statement [...]

Birmingham is to make the most of the £700m investment in Perry Barry for the 2022 games, which includes a revamp of Alexander stadium, with ambitious plans to regenerate the district. The masterplan covers the next two decades and includes building 5,000 new homes, enhancing the suburb’s parks and improving transport connections. City council leader Cllr Ian Ward said: “For many years there has been a clear need and ambition to unlock the obvious untapped potential of Perry Barr, but [...]

Up to 46,000 new homes in the capital could be delivered by Transport for London’s new property development company over the next 25 years. The proposals for Transport Trading Limited Properties, TTLP, were outlined at TfL’s finance committee meeting last month and form part of its bailout settlement with the government. TfL director of commercial property Graeme Craig said: “As part of our long-term strategy, and building on the successful work that has already taken place in recent years, we [...]

UK property developers may have to adjust schedules and pricing to adapt to the lack of supplies to complete projects, advises Construction Leadership Council, CLC, co-chair Andy Mitchell. In an open letter to the industry, he points out that most contracts such as JCT and NEC 4 Secondary X1 have provisions to deal with fluctuations of provisions. “We have been fortunate enough to operate in a stable environment for a long time and these clauses have been seldom used. “However, [...]