City Council’s plan for improving financial management makes progress

Nottingham City Council says it is making positive progress on improving control and stewardship of its finances with a series of actions that are already complete, underway or in the pipeline. The council’s Financial Improvement Plan was presented to its Audit Committee on Friday (28 July), outlining a wide range of measures to improve financial governance and its financial management, control and reporting framework. The council is under scrutiny by the Government-appointed Improvement and Assurance Board and has been taking steps to address several issues brought to light following the collapse of Robin Hood Energy (RHE). One issue relating directly relating to RHE has been the inability of the council to finalise its accounts for 2019/20. These are now ready for external audit certification and those for 2020/21 and 2021/22, similarly delayed, will be ready for auditing by September 2023. The council has also now embedded a corporate control, accounting and recording framework for grants into the council throughout the organisation. The council has enhanced its grip on the transformation programme and the part it plays in achieving savings – over £15m in the current financial year – and contributing to the medium-term financial plan (MTFP), with a newly established Transformation Oversight Board set up to monitor progress. A central savings tracker is being developed to support the council to embed robust financial control as part of its Budget and MTFP process, which will allow it to identify shortfalls and mitigations at an earlier stage. A key focus area for the council is the implementation of remediation to mitigate risk in its financial control environment. City Council Deputy Leader and Portfolio Holder for Finance, Cllr Audra Wynter, said: “While we continue to face a number of challenges, we are starting to make demonstrable improvements that will have a positive and lasting impact on improving control and stewardship of our finances. “Establishing strong and robust financial management arrangements is a top priority for us requiring determination, discipline and some difficult decisions across the organisation. We are focused on meeting these challenges through our Financial Improvement Plan, and emerging a stronger organisation that’s better equipped to provide good, value-for-money services to local residents.”

Henry Brothers appointed by University of Nottingham on Castle Meadow Campus scheme

Henry Brothers Construction has been appointed by the University of Nottingham to help develop its Castle Meadow Campus (CMC) in the city. The company has won a £7m contract to remodel and refurbish two of seven buildings on the 3.75 hectare site – preparing them for future occupation. The university plans to create an enterprise campus on the site which is located on Castle Meadow Road at the foot of Nottingham Castle and was formerly occupied by HMRC. The development has now entered its latest phase, with contractors being appointed to convert the site’s buildings and landscape to kickstart the creation of a new city centre campus for the university. Managing Director of Nottingham-based Henry Brothers Construction, Ian Taylor, said: “This is a hugely exciting project for the University of Nottingham and for the city, and we are proud to be playing a part in it. “Henry Brothers has extensive experience of working with universities across the Midlands to improve their facilities. This is our first contract with the University of Nottingham, and we are really looking forward to getting on site in our home city to deliver some of the building work at Castle Meadow Campus.” Henry Brothers Construction has been appointed to strip out and refurbish buildings D and F on the site. On completion of the work in building D later this year, the facility will be used for long-term leases for the university’s industry partners, including leading global accountancy firm KPMG. The plan is for building F to also house industry partners – but predominantly innovative spin outs, start-ups, and scale ups on flexible licenses. It will include spaces for collaborative working, hot-desking, meeting rooms, and meeting pods. The refurbishment is due to be completed in early 2024. Other members of the team working alongside Henry Brothers on the design and build contract are project manager Aecom, quantity surveyor Gardiner & Theobald, concept architect Hopkins, engineer Arup, architect Bond Bryan, and landscape architect Ares Design.

Royal Mail opens Midlands Super Hub at Daventry International Rail Freight Terminal

Prologis UK recently saw the opening of Royal Mail’s largest automated parcel facility at Daventry International Rail Freight Terminal (DIRFT). Spanning 53-acres and totalling 840,000 sq ft of warehousing space, Royal Mail’s Midlands Super Hub is the latest milestone in a significant growth and development programme currently being progressed at DIRFT. Once fully operational, the Super Hub has the capacity to process 235 million parcels a year, with the site benefitting from an integrated rail link to support intermodal deliveries. Royal Mail’s Midland Super Hub joins a total of almost 1.5m sq ft of logistics real estate investment on site, with DC6 and DC7 for Warrens Group now fully operational, and speculatively built DC628 and DC327 recently reaching practical completion. Alongside new distribution centres, Prologis UK has further invested in the creation of a 130-bay lorry park to provide HGV drivers servicing the park with free, safe, and well-maintained facilities. The new development ensures that HGVs no longer need to park on surrounding roads, enhancing driver welfare and reducing traffic build up. Sally Duggleby, head of leasing at Prologis UK, said: “DIRFT is our largest logistics property asset in the UK and second largest outside of the US, so to welcome Royal Mail’s Super Hub to the site’s portfolio is a fantastic addition. With a growing number of customers choosing to increase their operations at the site, DIRFT will continue to go from strength to strength. “As a multi-faceted location, comprising three rail terminals, warehousing, a lorry park, Lilbourne Meadows nature reserve and a logistics training facility, Prologis UK’s sustained investment in the facility’s development is evident.”

Mather Jamie appoint new agency surveyor

Loughborough-based, specialist land development and property consultancy Mather Jamie has appointed Fraser Hearfield as an assistant agency surveyor. Fraser, who lives in Ashby-de-la-Zouch, Leicestershire, holds a Real Estate BSc (Hons) from Sheffield Hallam University and joins the firm from the valuations team at a large Nottingham-based agency. In his new role, Fraser will be part of the Mather Jamie Commercial team working on transactional agency instructions across the industrial, office, retail and investment markets throughout Leicestershire. He will also assist with other professional work, such as lease renewal and rent reviews as well as valuations for a range of purposes including loan security, acquisitions, disposals and development appraisals. Fraser said: “I am really excited to be joining one of the most reputable property advisors in the Midlands. The Director team is very hands on and I am looking forward to expanding my knowledge and gaining experience in a different marketplace.” Fraser has been playing rugby for over 15 years and previously captained his local club Ashby RFC. More recently he has started playing golf and has taken up road cycling. In June 2023 he completed The National 3 Peaks Challenge to help raise money for charities LOROS and MIND.

Duo of Northamptonshire logistics sites acquired by Czech firm

P3 Logistic Parks has expanded into the UK through the acquisition of two logistics assets from Segro, totalling 81,000 sq m of space. One asset is located in Crick and comprises around 36,000 sq m lettable area. The second asset with more than 45,000 sq m is located in Kettering. Frank Pörschke, CEO of the Czech firm, said: “The acquisition of these two logistics assets in the UK marks a significant milestone for P3, as it expands our operations into a key market known for its robust logistics industry. “The country has always been a vital hub for international trade and commerce, and we are excited to offer our expertise and resources to meet the evolving needs of businesses operating in this region.” All units were developed from 2010 onwards to a modern Grade A institutional specification including BREEAM rating ‘Very Good’ and are fully leased out to three tenants. P3 is partnering with Roebuck, an institutional Pan-European investment manager specializing in the European logistics sector. Roebuck is assisting P3’s entry into the UK and will manage both assets in the initial stage of P3’s expansion into the UK. Otis Spencer, CIO of P3 Logistic Parks, said: “P3’s entry into the UK market reflects our long-term vision and strategic growth plans. We have carefully selected these logistics assets as they align with our commitment to delivering excellent service quality, operational efficiency, and sustainability to our customers.” David Proctor, Managing Director of Group Investment at SEGRO, said: “This disposal has enabled us to divest a number of relatively small holdings, all of which were ear-marked for disposal in the near to medium-term, allowing us to recycle capital into our successful development programme. “It also demonstrates the continuing investment appeal of high-quality logistics assets after the significant valuation correction that occurred over the last year.” P3 was advised by Colliers on the transaction. DTRE and ACRE acted on behalf of SEGRO. Ed Plumley, director, EMEA Capital Markets, Colliers, said: “These acquisitions are the good news the market needs. It is a clear demonstration that investor appetite remains for assets in core locations with long-term growth and ESG performance opportunities. Colliers were delighted to bring this off-market opportunity to P3 and provide focused advice as they expanded into a new jurisdiction.” The terms of the transaction have not been disclosed.

Frasers Group commences £80m share buyback programme

Frasers Group is set to commence a new £80m share buyback programme from today. The Shirebrook-based retail giant is making the move to reduce the share capital of the company. The news follows the business announcing a record performance for the year ended 30 April 2023. Group revenue of £5.5bn marked an increase of 15.8% from £4.8bn in the prior year, largely due to acquisitions and the impact of a 53rd week in FY23. Meanwhile reported profit before tax soared to £660.7m, up 96.9% from £335.6m in the year prior. Strong results across the group were boosted in particular by profitable growth in sports retail.

Nominations close 31 August: make your entries for the East Midlands Bricks Awards 2023 now!

A key event in the business calendar, showcasing the excellent work of the region’s property and construction sector, there’s not long left to enter the East Midlands Bricks Awards 2023. With nominations for the prestigious event closing next month on Thursday 31 August, now is the ideal time to make your submissions. Shine a light on your projects and team, reward their hard work, and boost morale. To enter your (or another) business/development for the East Midlands Bricks Awards 2023, please click on a category link below or visit this page:
The Overall Winner of the East Midlands Bricks Awards 2023 will also be awarded a year of marketing/publicity worth £20,000.
Winners will be revealed at a glittering awards ceremony and networking event on Thursday 28 September 2023 in the Derek Randall Suite at the famous Trent Bridge Cricket Ground. Connect with local decision makers over canapés and complimentary drinks while applauding the outstanding companies and projects in our region, and hear from Mike Denby, Director of Inward Investment and Place Marketing at Leicester City Council, our keynote speaker. Tickets for the event, which runs from 4:30pm – 7:30pm, can be booked here. Dress code is standard business attire. After winning Deal of the Year at the 2022 event, Richard Foxon, Managing Director at Newton LDP, said: “My colleague Sam Jones and I thoroughly enjoyed the East Midlands Bricks Awards 2022. The event was well attended, with some prestigious awards up for grabs. The evening offered a great opportunity to network with like-minded property folk, whilst enjoying the backdrop of Trent Bridge cricket ground. Many thanks to all the organisers and sponsors.” Thanks to our sponsors:                                                             To be held at:

XPO Logistics enters the Big Logistics Diversity Challenge for the third year

XPO, a provider of transport and logistics solutions, entered a team in the Big Logistics Diversity Challenge 2023 for the third year in a row.

The challenge, which was held this year at the Newark Showground in Nottinghamshire, brings together companies within logistics to take part in mental and physical team building events that all support inclusion and diversity. The XPO team successfully collaborated to achieve the competition’s highest score.

Lynn Brown, vice president, human resources – UK and Ireland, XPO Logistics, said: “It may be a cliché that teamwork makes the dream work but at XPO we genuinely believe in the potential of our people, working together to deliver excellence for each of our stakeholders.

“By leveraging the diversity of our colleagues, we achieve truly great things – together. The Big Logistics Diversity Challenge is a practical demonstration of effective teams working together to succeed, and we’re proud to support and take part in this unique event.” 

XPO is currently running numerous diversity and inclusion initiatives across its business, including supporting women within logistics, encouraging veterans into logistics and supporting Pride. It also is launching its neurodiversity programme across the UK and Ireland.

Luxury apartments and retail space reach practical completion in Matlock

Derbyshire-based, privately-owned property company, Clowes Developments, together with contractor, Roe Developments, have completed the development of 47 luxury one- and two-bedroom apartments in Matlock. Marc Freeman, director, Clowes Developments, said: “We are incredibly proud of the quality and design principles we have applied to Riber View Apartments. This is truly a unique residential development at the heart of the iconic Derbyshire town of Matlock. “I would like to personally thank Mark Weston, the project manager at Roe Developments, Peak Architects, our legal team at Gateley’s and especially our in-house team at Clowes for delivering this scheme to such a high standard. We would also like to take the time to thank Matlock Town FC for their support and patience during construction.” The residential scheme benefits from secure key fob access, which leads directly into a reception and postal area. There is also off road parking with an undercover car park, bicycle storage, and electric vehicle charging points. A management company is providing a fully serviced building and landscaped grounds. Clowes also opted to install solar panels to the roof – providing sustainable energy for the common areas of the buildings. The apartments, ranging in size from 450 to 765 square foot, were designed by Peak Architects to transform the former run-down site into a residential development that retains and enhances the vitality of Matlock town centre. Peak Architects’ focus has been to create a scheme that acknowledges and refers to the town’s architecture and local context using locally sourced stone on the Causeway Lane elevation. Sally Botham Estates have been handling “a high volume” of off plan enquiries for the apartments located on Causeway Lane since construction began in 2022, and the first few residents have moved into their new homes. Meanwhile, Clowes Developments have brought the commercial element of the development to the market. The commercial ground floor space, available via agents, Brasier Freeth, consists of a 3,000 sq ft high-street unit suitable for retail, cafe/coffee, or lifestyle operators. The space has the potential to be divided into two units to suit occupier requirements.

Greatwell Homes names new chair

Northamptonshire-based housing association, Greatwell Homes have named Mike Kay as their new chair of the board. As a chartered building surveyor, he has over 45 years experience of property management and development, with the last 28 years in the social housing industry. He also has significant experience as a non-executive director, most recently as chair of the ACIS Group. He also has substantial knowledge and understanding of the Northamptonshire area as he has recently retired as Chief Executive at Northampton Partnership Homes after eight years. He said: “I am delighted to have been appointed to the role as chair of the board at Greatwell Homes. “I am joining them halfway through their Live Greatwell corporate plan and I can already see how committed the team are on providing safe, secure and sustainable homes for people in and around North Northamptonshire – an area which I am already very familiar with. “I can’t wait to get started and I am very much looking forward to working with the team at Greatwell.” Jo Savage, Chief Executive at Greatwell Homes, said: “We’re very pleased to have Mike joining us as chair of the board later in the year. “Mike has a wealth of experience, both in the housing sector and in our local area. After working in Northamptonshire for almost 10 years, Mike already has extensive knowledge of the area we operate in and will be familiar with some of the challenges our communities face, as well as many of the local partners we work closely with. “This knowledge will be invaluable in helping us to shape great communities and deliver services that work well for local people. “We also look forward to working with him – along with the rest of our board, customers and colleagues – to shape what our corporate plan will look like from 2025 onwards to continue to support those living in our communities.” Mike will officially take on the role in September and will replace John Lewis who has been on Greatwell Homes’ board for nine years – five of those as chair. Jo added: “Of course this means that our current chair, John, will be stepping down in September. On behalf of everyone at Greatwell Homes, I’d like to thank John for his commitment and dedication during his time with us and wish him all the best for the future.”

Chesterfield care home sold to expanding operator

Specialist business property adviser, Christie & Co, has sold Hazeldene House residential and dementia care home in Chesterfield. Hazeldene House is a two-storey, 21-bedroom, residential care home with a profitable trading history and a ‘Good’ CQC rating. It sits in the Clay Cross area of the East Midlands market town of Chesterfield. The home has been owned by Pavanveer Singh Grewal for five years and was brought to market to allow him to pursue other business interests. Following a confidential sales process with Rosie Turner at Christie & Co, it has been sold to an expanding West Yorkshire care group. Rosie Turner, business agent – care at Christie & Co, says: “We were delighted to be able to assist the owners in the sale of Hazeldene House. We ran a confidential marketing process which received a strong level of interest due to the home’s ‘Good’ CQC rating and its registered manager in place and, when reviewing the offers with Pavanveer, the buyer stood out due to its business structure and operational knowledge. “This is another great example of the demand that exists for a range of homes in the East Midlands. While there are new challenges within deals, such as the interest rate rises and wider economic factors, signs still point towards a positive outcome for going concerns within the sector in the region. I wish the vendors all the success in their future projects and look forward to watching the buyer expand its West Yorkshire offering.” Hazeldene House was sold for an undisclosed price.

Long term waste management contract settled out of court

Ongoing litigation related to Derbyshire County Council and Derby City Council’s long term waste management contract has been settled out of court. Derby City Council and Derbyshire County Council have paid a joint total of £93.5million to Resource Recovery Solutions (Derbyshire) Ltd’s (RRS) administrators. It comes after several months of negotiations between the councils and RRS’s administrators, who were claiming £187million was owed – a figure which the councils disputed. In 2009, RRS – a partnership between infrastructure firm Interserve and waste management company Renewi – was awarded a contract by Derby City Council and Derbyshire County Council to manage the Councils’ residual waste and design, build, commission, and operate a waste treatment facility in Sinfin, Derby. RRS paid for the facility – which under the councils’ contract with RRS was planned to be completed in 2017 – to be designed and built, in order to divert 190,000 tonnes of waste per year away from landfill. But after RRS failed to pass commissioning tests by the agreed date, the councils lawfully terminated the contract in August 2019. Following termination, the councils and RRS began a process to determine the Adjusted Estimated Fair Value (AEFV) of the contract. The AEFV was the sum due as compensation (to either RRS or the councils) following the termination of the contract, and is designed to reflect the future value of the long term waste management contract. RRS and the councils were contractually required to go through the AEFV process, and all parties to litigation are expected to make every effort to negotiate a settlement outside a formal litigation process, in order to avoid unnecessary costs to either party. At respective Cabinet meetings earlier in July, both councils resolved to accept the settlement, and pay RRS £93.5million to protect council tax-payers from the risk of further significant costs. If a sum had not been agreed through negotiation, the dispute would have been resolved through the courts, and formal litigation – a lengthy process with unknown outcomes and additional costs. With this settlement, litigation ends, and RRS has no further involvement. The total sum of £93.5million has been split by the councils in accordance with their agreed split; 50:50 up to £50million, and all sums thereafter split proportionately; 73.4% by the county council and 26.6% by the city council. £36.57million therefore paid by the city council and £56.93million by the county council. In anticipation of litigation, or a settlement, finances were earmarked as part of Derby City Council’s Medium-Term Finance Planning process for 2023 to 2024, meanwhile Derbyshire County Council has earmarked reserves to cover the settlement costs.

Beaumont Market to close in light of trading losses

Leicester city council has announced that Beaumont Market, located in Beaumont Leys, will close from September this year in light of current and predicted trading losses. The 15 traders currently operating there are being offered stalls at Leicester Market until planned redevelopment work begins in October. Peter Chandler, head of economic regeneration at the city council, said: “Shopping habits have changed since the market opened in the 1980’s, and there has been a gradual decline in shopping there over several years. This has resulted in fewer stallholders and a reduction in the income needed to give the market a viable future. “We are in the process of giving the current stallholders notice to leave, and talking to them about whether they wish to take up the offer of trading space at Leicester Market. “We realise this will be disappointing news and it is not a decision we have taken lightly. We will be doing all we can to help the traders find alternative places to trade, either at Leicester Market or in other suitable council-owned premises.” The council is looking at the options for selling the land on which the market operates, next to Beaumont Leys Shopping Centre. Work is set to begin on the redevelopment of Leicester’s historic city centre market in the autumn. During the refurbishment, traders at Leicester Market will be temporarily relocated to Green Dragon Square, behind the Corn Exchange. Improvements to Leicester Market will include more than 80 new stalls, new lighting, green roofs and solar panels, new paving around the market and more outdoor seating.

Main contractor chosen to deliver Nottingham’s new Green Heart

Nottingham-based Willmott Dixon has been confirmed as the main contractor to deliver the next phase of Nottingham City Council’s Broad Marsh Green Heart regeneration scheme. Procured through the SCAPE Construction framework, Willmott Dixon is already on-site nearby creating a new public space outside the new Central Library. Work will commence on the Green Heart this Autumn as a key element of the vision for Nottingham’s 20-acre Broad Marsh area, transforming a site that was previously a large shopping centre before it was demolished by Willmott Dixon in 2022, working closely alongside multi-disciplinary consultancy Pick Everard. Nick Heath, director at Willmott Dixon, said: “Nottingham’s Broad Marsh Green Heart vision is a regeneration project with valuable green space at its core. Green space is important for the beating heart of all urban environments, and brings major benefits too, according to the World Economic Forum’s ‘BiodiverCities by 2030’ report which looked at the importance of changing the relationship between nature and our towns and cities. “Having been responsible for the original shopping centre demolition in 2021-2022 and sharing insight on this complicated, historic site with interested parties throughout the process, we’re excited to be maintaining a role in the transformation and using our skills to deliver the next phase. “As a local business with a strong Nottingham presence, we’re looking forward to seeing an important area of the city re-emerge and provide benefits for people that live and work here – creating a new legacy to be proud of.” The Green Heart introduces green, ecologically rich areas and diverse natural spaces providing habitats and food for wildlife, forming a green infrastructure network linking the Broad Marsh area from Nottingham Castle through to the 36-acre Island Quarter regeneration site and beyond. A key aim is to put the ‘marsh’ back to the Broad Marsh, introducing new urban wetlands on land that was once a marshland ecosystem to capture, slow and filter rainwater, potentially preventing flooding and creating pockets of biodiversity. A long bench will arc through the planting and marsh allowing people to sit, enjoy and experience nature. Leader of Nottingham City Council, Cllr David Mellen, said: “More green space was by far the most popular response when we asked people what they would like to see happen around Broad Marsh as part of the huge Big Conversation engagement exercise the council ran a couple of years ago. “Anyone who has visited the area recently will see how much it has changed with lots of greenery, pedestrianised areas and seating. The creation of the Green Heart will take the transformation of Broad Marsh a major step further and be a beautiful addition to the city centre which is unique to Nottingham. I’m particularly pleased that Collin Street will be a family-friendly space that people can enjoy right outside the new Central Library.” Mark Robinson, Group Chief Executive at SCAPE, said: “It is fantastic to be supporting the next phase of this iconic regeneration scheme, with a nature-first design that will encourage rewilding and improve biodiversity. “With a laser focus on sustainability, the Green Heart will create a vibrant, unique space that reflects the changing needs of society for urban, city centre locations. Providing accessible green space is not only essential for supporting the health and wellbeing of Nottingham’s residents and visitors but it also plays a key role in helping Nottingham City Council achieve their target of becoming net zero by 2028.” The design of the Green Heart is unique to Nottingham and has been developed by Townshend Landscape Architects along with Nottinghamshire Wildlife Trust with Ares supporting the contractor on the landscape design for the scheme.

Nutrition brand becomes latest tenant at Northern Gateway Enterprise Centre

Chesterfield’s Northern Gateway Enterprise Centre has welcomed nutritional supplement brand, Nuzest as its latest tenant. The business joins a list of several successful organisations to move to the centre in the heart of Chesterfield, which is now more than 80% occupied within its first year of opening. Nuzest’s Adrian Beckett, who will be working from the firm’s new Chesterfield location, said: “We have operated totally virtually as a team even before Covid. Having the Enterprise Centre available to us creates a new base for all things Nuzest in the UK. A place for us to collaborate in the same space and execute some exciting initiatives much faster. “Chesterfield is favourably located to our CEO plus some of our existing team, it has fantastic transport links and is centrally located for the rest of the team to access also. “The Enterprise Centre is an ideal home for us, it is the place where we see the business taking leaps and bounds in the coming year or two. We are focused on growing all of our main sales channels both in the UK but also the EU. We also have a healthy pipeline of new products which will start to feature online and in-store in the coming months, watch this space.”

The Nottingham sees strong performance in “pivotal six months”

The Nottingham has hailed a strong performance despite a volatile economic environment in what its CEO has referred to as a “pivotal six months” for the building society. In its half year report, for the six months ended 30 June 2023, the firm highlighted growth in mortgage lending as it continues its transformation plan. £457.1m in gross new lending represented an increase of £204.6m on the same period of 2022 (£252.5m), while pre-tax profits hit £11.7m, increasing from £11.3m. Total mortgage assets were £3.3bn, up from £2.9bn.

Sue Hayes, Chief Executive of The Nottingham, said: “This has been a pivotal six months for the Nottingham.

“Our strong performance in a volatile economic environment demonstrates the progress we have made towards transforming our building society. We know this has been a challenging time for our members and I am proud that we have done everything we can to support them, by passing on rate rises and paying savers the best rates we can.

“The last six months has seen the biggest impact on mortgage holders in 15 years, which is why we were one of the first to sign up to the new ‘Mortgage Charter’  ensuring our borrowers can access the best solutions for them and helping them through this challenging environment.

“As we look to the future, we will support an even broader range of people to own their own home, and we have introduced a range of lending criteria changes in recent weeks that will help enable this. In addition our partnership with Generation Home to make property ownership more achievable continues to develop strongly. We look forward to delivering on these goals during the second half of this year.”

Nomination deadline looms for the East Midlands Bricks Awards 2023

As the nomination deadline (Thursday 31 August) draws nearer for the East Midlands Bricks Awards 2023, don’t miss out on the opportunity to showcase your business, teams, outstanding developments and boost morale with an entry for the annual celebration of the property and construction industry. Taking place on Thursday 28 September, the Bricks shine a light on the exceptional work of those shaping the landscape of our region, recognising development projects and people in commercial and public building across the East Midlands – from offices, industrial and residential, through to community projects such as leisure schemes and schools. We also highlight the work of architects, agencies and those behind large schemes. The glittering awards ceremony revealing winners, at the famous Trent Bridge Cricket Ground, will also offer the ideal chance to establish new contacts with property and construction professionals from across the region. The event will additionally feature Mike Denby, Director of Inward Investment and Place Marketing at Leicester City Council, as keynote speaker. Entries for the awards are open until Thursday 31 August. To nominate your (or another) business/development for the East Midlands Bricks Awards 2023, please click on a category link below or visit this page:
The Overall Winner of the East Midlands Bricks Awards 2023 will also be awarded a year of marketing/publicity worth £20,000.

Book your tickets now

Tickets can now be booked for the East Midlands Bricks Awards 2023 – click here to secure yours. The special awards evening and networking event will be held on Thursday 28 September 2023 in the Derek Randall Suite at the Trent Bridge Cricket Ground from 4:30pm – 7:30pm. Connect with local decision makers over canapés and complimentary drinks while applauding the outstanding companies and projects in our region, and hear from Mike Denby, Director of Inward Investment and Place Marketing at Leicester City Council, our keynote speaker. Dress code is standard business attire. Thanks to our sponsors:                                                             To be held at:

Logicor to begin its largest redevelopment in the UK with Daventry logistics scheme

Logicor, the owner and manager of logistics real estate in Europe, is set to begin its largest redevelopment in the UK, in the East Midlands. Acquired in 2021, the site is located within the heart of the Midlands, within the logistics Golden Triangle, with Daventry town centre 1.5 miles away. Logicor is redeveloping the site to create 800,000 sq ft of modern logistics across 38.5 acres which will be known as Logicor Park Daventry. Detailed planning consent has been secured for three new warehouses, ranging from 135,000 sq ft to 385,000 sq ft, as well as two on-site gyms, shower facilities and cycle paths. The redevelopment will target BREEAM Excellent and EPC A, and will include a range of environmental features, including photovoltaic panels, electric vehicle charging points, LED lights and rainwater harvesting. Sympathetic landscaping will include planting out over 4,500 additional trees and saplings, along with local species of plants which will all assist in improving the biodiversity of the areas surrounding the development. The redevelopment is set to begin in 2023 and to be completed by Q1 2025. Benniman Construction Group has been appointed as the general contractor and it is expected that 1,000 jobs will be potentially created once the units have been completed and leased. Charlie Howard, UK Managing Director, said: “The ability to develop modern warehouses in this key location was the main reason that we acquired it in 2021. “The Golden Triangle continues to be the core location for distribution logistics and we know that our customers want to be located here, so we are delighted to be able to deliver modern and highly sustainable warehouses to the region. “Logicor Park Daventry is a great illustration of how we, as one of the largest industrial portfolio owners in the UK, are able to utilise our existing land to bring forward new and exciting warehouse opportunities for our customers through development and refurbishments.”

Wells McFarlane appoints new residential and commercial asset manager

Commercial property consultancy, Wells McFarlane has expanded with the appointment of a new residential and commercial asset manager. Pru Singh joins the Lutterworth-based firm. Pru will support Wells McFarlane’s director and co-founder, Andrew McFarlane Holt with property and site inspections; tenant, landlord, contractor and other stakeholder liaison; lease renewals; marketing and general property management. “For the last decade my career’s been focused on residential lettings and property management, working at a specialist agency in Clarendon Park,” explains Pru. “I was aware that Wells McFarlane offer this service, but the role also included commercial property, meaning I could expand my skillset. “After further research, I quickly realised what an incredible profile the firm has, especially the success it achieves from just a single office, and felt this environment would suit the next stage of my career.” Pru’s appointment follows a sustained period of growth for Wells McFarlane. Not only has the firm topped the league in five CoStar tables for 2023, but it has also increased its property management work, recently reporting it has taken over the management of a further three business parks across Leicestershire. Director, Andrew McFarlane Holt adds: “Despite a challenging and competitive market, the appetite for high-quality, easily accessible and well-appointed commercial property remains and we quickly realised a need to strengthen our team. Pru brings a level of experience that will complement our existing team and is already proving to be a welcome addition.”

Lincoln events software platform raises £1.5m

A Lincoln company whose events software platform was used to help plan the 2022 Birmingham Commonwealth Games has raised £1.5m to enable it to bring its technology to a wider audience and create new jobs. Iventis has secured investment from the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia Ventures and part of the Midlands Engine Investment Fund (MEIF), and Mercia’s EIS funds. Iventis enables teams planning events to collaborate online by bringing together satellite imagery, maps, architectural drawings and other data in one easy to use platform. The company has worked on a host of high-profile events including the recent Special Olympics in Berlin, the World Cup and Dubai Expo. The latest funding will enable it to further enhance its technology and bring it to a wide range of event planners. Iventis was founded by Joe Cusdin who had previously worked on the London 2012 Summer Olympics. Mercia first invested in the business in 2019. The latest funding brings the total it has raised to date to over £2.1m and will enable the company to create around six new jobs. Joe Cusdin, CEO, said: “Planning high-profile events is extremely complex with a host of different factors to consider – from designing and building the infrastructure and planning schedules to managing crowd control, transport and security. “However the industry still relies heavily on spreadsheets, drawings and data in different formats. With Iventis we have already shown how technology can transform large-scale event planning. We will now be bringing our innovations and technology to a wider audience.” Sandy Reid, investment director at Mercia, added: “Joe and the team have built a first-rate product and attracted a gold-standard client base. “We believe there is huge potential to grow the business, not only in the field of sport and entertainment but also in areas such as tourism, transport and construction – anywhere teams need to work together to plan and manage complex operations. “The funding will enable the company to strengthen its management team with a number of key appointments and accelerate sales growth.” Greater Lincolnshire Local Enterprise Partnership (LEP) Chief Executive Ruth Carver said: “I am delighted that Lincoln company Inventis has secured further investment through the Midlands Engine Investment Fund (MEIF). The Greater Lincolnshire LEP, along with the European Union, co-funded the MEIF to help fuel local businesses’ growth ambitions and it is good to see investment into a digital events platform and investment in talent locally.”