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Ibstock sees weaker than expected demand
Ibstock, the manufacturer of building products and solutions, has seen weaker than expected demand as a more uncertain near-term economic and political backdrop has impacted both the Clay and Concrete businesses’ core markets.
In a trading update for the third quarter of the financial year ending 31 December 2025, Ibstock noted that customers were more cautious as the quarter progressed, with these conditions now expected to continue through the rest of the year.Market share was ahead of the comparative period, and in line with the first half of the year. However, in light of softer market demand, sales volumes in the second half are now expected to be in line with the first half of the year.
Market dynamics, coupled with a continued shift in sales mix towards new-build residential demand, have also limited Ibstock‘s ability to achieve targeted pricing levels.
In light of the lower levels of market activity, the firm now expects adjusted EBITDA in the second half of 2025 to be similar to the first half of the year.Joe Hudson, CEO of Ibstock PLC, said: “With clear, long term structural imperatives for residential construction growth, it is disappointing that additional near term headwinds are impacting momentum in our markets in the latter part of the year. In spite of this difficult and uncertain market backdrop, the Group has continued to make good operational progress and maintain share.
“Whilst it remains difficult to predict the pace and timing of market recovery, we will continue to focus on strong execution and progressing our long term strategic growth projects. These initiatives, combined with the increasing contribution from our recent investments, leave us well positioned to benefit as the market returns.”
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Lloyds Living expands portfolio with 610-home acquisition
Lloyds Living has finalised the purchase of Start Living, a 610-home portfolio created through a joint venture between Gatehouse Living Group and TPG Real Estate. The deal increases Lloyds Living’s total holdings to more than 7,300 properties across the UK.
The portfolio comprises 578 single-family houses and 32 low-rise apartments developed by Countryside and Vistry. Properties are located in key regional markets including West Bromwich, Nottingham, Liverpool, Grimsby, Scunthorpe, and Coseley. The Nottingham apartments are situated in Fairham.
Over 550 of the homes are already completed and operational, while the remaining units at Fairham and Padstow are scheduled for completion by the end of 2025. Each property has an EPC rating of B or higher, reflecting a focus on energy efficiency and modern construction standards.
Matthew Burgess, Chief Investment Officer at Lloyds Living commented: “This new deal is another significant step in our growth journey. The secondary market for PRS portfolios is still in its infancy but is vital to the wider success of the sector by allowing a freer flow of capital and continued investment in new developments.”
The new acquisition supports Lloyds Living’s continued growth in the private rental sector and marks another significant investment in purpose-built housing for long-term renters. Property management will remain under Ascend, one of the UK’s largest operators in the sector.
Gatehouse Living Group has now delivered or is developing around 5,000 homes nationwide, representing over £1 billion in deployed capital across the single-family rental market.
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Italian manufacturer invests in new Derbyshire facility
Italian building materials firm Fassa Bortolo will open a major production site at New Stanton Park near Ilkeston, creating around 100 jobs in Derbyshire. The plant will manufacture approximately 300,000 tonnes of pre-mixed plasters and renders each year, marking a significant expansion of the company’s UK operations.
The new facility will include 30,000 square feet of office space, a Fassa Academy training centre, and 140,000 square feet of warehousing. It forms part of a €400 million investment programme across Fassa Bortolo’s international network of 21 production sites and nine commercial branches.
Fassa Bortolo, which has operated a UK commercial office in Gloucestershire for a decade, is strengthening its presence in response to increasing demand for construction materials. Recruitment will focus on local hires in production, logistics, engineering, and quality control, with an emphasis on sustainability and advanced manufacturing.
The New Stanton Park site, located close to the M1 and with access to the Midland Mainline, is undergoing redevelopment to support up to 4,000 jobs and 2.2 million square feet of industrial space. Fassa Bortolo’s investment represents one of the first large-scale manufacturing commitments at the site, signalling renewed confidence in the region’s industrial capacity.
Company president Bortolo Fassa said: “We are extremely pleased to announce our new headquarters in the East Midlands. This investment in New Stanton Park is a strategic choice, dictated by growing demand for our high-quality solutions across the UK and our strong belief in the continued growth of the UK construction market. “By expanding our specific product lines, we aim to bring our expertise closer to our customers and significantly strengthen our distribution network.” New Stanton Park is being redeveloped by Verdant Regeneration. David Ward, of Verdant, said: “Fassa Bortolo is an historic name in the construction materials industry and its decision to invest here at New Stanton Park speaks volumes about its status as one of the best locations for manufacturing. “We look forward to working with the Fassa team as their proposals develop and to seeing manufacturing return to an historic industrial location.”

