21.1 C
Manchester
Thursday, April 30, 2026
Home Blog Page 506

DUO UK announces expansion of Manchester HQ and new recycling facility

Manchester-headquartered packaging manufacturer and distributor DUO UK has announced plans to expand its head office site to 5,000 sq ft with a new extension and installation of a new Erema recycling machine.

The company has seen a significant increase in client demand for products using recycled polythene to create more sustainable packaging solutions for customers.

To handle this increase in demand, the business made the decision to sell its partner company Moorgreen Flexible Packaging in Derbyshire to Vickers-Lee Holdings Limited, owners of Cromwell Polythene, and will invest the funds from the sale into the expansion
of its site in Manchester to accommodate the new machinery.

The site extension, which received planning permission from Manchester City Council earlier this year, will enable Duo to streamline operations and improve efficiencies, as well as enhancing staff facilities with break out rooms and a large car park on site.

The installation of the Erema machine will allow Duo to recycle polythene waste on site and will eradicate the requirement for the transportation of waste material to off-site recycling centres, reducing the turnaround time of pellet production to meet the increased
demand for products with recycled content.

Anthony Brimelow, commercial director at DUO UK, said: “The environment surrounding plastic has changed in recent years and how a company handles the plastic used and disposes of it is very much a priority. As the industry is heading towards utilising a higher percentage
of recycled content and reducing dependency on virgin materials, these decisions are pivotal for our future success. The expansion of our Manchester site has come at the right time for the business and will allow us to respond to our customers’ changing requirements.”

Paul Stringer corporate finance partner at Cowgills, added: “We are delighted to have assisted Duo with the sale of Moorgreen and we wish the new owners every success for the future. The sale and the re-investment in the expansion of Duo’s Manchester site is a
testimony to the long range strategic and entrepreneurial vision of the directors and Cowgills are proud of their continued involvement and support of the group.”

The site development is expected to be completed in March 2020. In addition, the company will install another conversion machine and five-layer co-extruder, which allows for more recycled content to be included in the layers of a product without affecting the
performance of the product.

NEW DIRECTOR AT CLOTHES2ORDER TO HELP DRIVE GROWTH PLANS

Ambitious Clothes2order has recruited a sales director to help shape the next phase of its expansion as it looks to double in size.

Mark Thomas has more than 35 years’ experience in the workwear and uniforms industry, having previously worked at other major players including Lyreco and Arco.

Clothes2order creates custom branded clothing for businesses, teams and communities by printing or embroidering logos and designs on to t-shirts, polo shirts, hoodies, sweatshirts, jackets, caps and other items.

It operates from a state-of-the-art production and distribution facility in Trafford Park, Greater Manchester, where it employs 160 staff.

The company supplies customers across the UK and in more than 35 countries and has seen revenues soar from £4.4m in 2013 to over £13m, with plans to double in size over the next few years.

In a newly-created role, Mark leads the company’s customer service and account management departments and its recently-expanded team of field sales specialists, who together provide one-to-one technical, design and product selection support to clients.

He said: “I am hugely excited by the opportunity to help shape the next stage in the company’s development.

“Its vision and values chime with mine, in putting customer satisfaction ahead of short-term profit, maintaining the highest quality standards and offering ethically and responsibly-sourced products.

“We are in an enviable position at the forefront of our industry, having invested heavily in recent years in cutting-edge, eco-friendly garment customisation and printing technology, and we are looking to grow our product range to further broaden our customer base in the coming years.”

Managing director Sam Jones said: “Mark has extensive experience in the sector and a proven track record of success. He’s an excellent leader and motivator and has vast category knowledge which makes him the ideal person for this role.

“His appointment to this new position reflects our ongoing investment in the senior management team charged with delivering significant growth in the coming years.”

More Media Sales Announce City A.M. Partnership

0

MANCHESTER-based multi-media advertising specialists More Media Sales, have expanded their portfolio of flagship London media after being appointed by City A.M. Media Group to represent them across print and digital in the regions.

More Media Sales, who sell Display advertising as well as Social and Programmatic, already exclusively represent The Evening Standard, Stylist and Time Out outside of the capital.

The addition of City A.M. London’s free business-focused morning newspaper and website means More Media Sales will dominate coverage of London’s affluent consumer audience, as well as the valuable business audience.

Andy Garner, Managing Director, said: “City AM is a perfect fit for More Media Sales. We have a team of media professionals based in Manchester who are at the top of their game and we work with an unrivalled partner set that City AM absolutely match.

“There is a considerable market in the regions with both clients and agencies looking for innovative ways to reach highly valuable London audiences. The values, partnership mentality and positive approach that City AM operate with matches our own approach and overall this is just a great fit and a superb product we are ready to help grow.”

More Media Sales have agreed an initial one-year contract term to represent City A.M. and will act as the trusted point of contact for advertising agencies outside of London.

Andy added: “This means agencies from Scotland, down to the West Country will be able to have more holistic conversations around target audiences.”

City A.M. Media Group’s Chief Operating Officer, Harry Owen, said: “In a rapidly changing media landscape, it’s important that clients know agencies are efficient routes to market, whether print or programmatic – we feel More Media Sales offer this robust product knowledge and a wider understanding of London’s media landscape, of which City A.M. is a major part.”

“We are all looking forward to working with Andy and the More Media team – it’s clear to us they have excellent relationships outside of London, that complement ours inside of London. We aim to work closely with them, to ensure our portfolio of innovative products are understood as well in Leith’s media community as they are in Charlotte Street.”

Roxy Leisure secure 7.5m roll out investment starting in Manchester

0

A bar group whose venues offer a range of facilities including pool tables, ping-pong, bowling, shuffleboard, mini-golf, arcade gaming, and karaoke is set to expand after securing a £7.5m investment from Foresight Group.

Roxy Leisure, which operates sites under the Roxy Ball Room and Roxy Lanes banners, was founded in 2013, with Leeds based Matt and Ben Jones launching the first location in their home city which pioneered the trend towards in-bar activities and social competitive gaming

Fast forward seven years and the company currently has eight venues across Leeds, Liverpool, Manchester, and Nottingham; offering pool, ping pong, beer pong, bowling, karaoke, shuffleboard, mini-golf, private hire and more! Their largest site to date is Roxy Ball Room Rainford Square – a 24,000 sq ft space situated in Liverpool’s popular Cavern Quarter.

The investment – which was made by the Foresight Regional Investment LP and the Foresight VCTs – will be used in-part as growth capital, supporting the company’s expansion into additional locations across the UK with multiple openings planned in 2020, including Birmingham early in the New Year and second venues in Manchester and Nottingham.

Rob Jones, investment manager at Foresight, said: “Roxy demonstrates some of the most attractive leisure sector performance metrics we have seen and the growth of the business in recent years has been impressive. The company is well-positioned to accelerate its growth with the additional support and guidance that Foresight will bring.

“Matt and Ben have built a successful business with a good corporate culture and we look forward to working with them to take Roxy through the next stage of its growth.”

Matt and Ben added: “It has been a pleasure working with Foresight’s experienced investment team who understood our business quickly and demonstrated a strong appetite to support our plans.

“Their pragmatic approach and experience in working with businesses and management teams in our sector made them stand out as the right investor for us.”

Roxy is already a firm favourite of many, however, their expansion is sure to bring booze & ball games to even more people up and down the country.

New figures show record business confidence after the December election

A new report from Deloitte shows that optimism has jumped among Britain’s large companies after last month’s election, with many now increasing investment and preparing to hire more workers. The small business community is one section of the economy that relies heavily on confidence, as one of the areas most reliant on private investment and therefore the confidence of private investors to commit capital.

Schemes such as the Enterprise Investment Scheme have been a hugely important source of finance for start-ups and scale-ups in the last 25 years, providing £20billion of growth capital to businesses otherwise rejected by traditional finance sources. In 2017/18 the EIS experienced the highest amount of investment ever, with close to £2billion of support for growing start-ups and scale-ups. Because of this, IW Capital, a leading SME investment house based in Mayfair, has commissioned research across 2,000 investors to ascertain the optimism surrounding life post-Brexit and what opportunities will arise after 31st January.

How investors feel about Brexit:

46% of Britons believe that if handled correctly, Brexit could be the best thing to have happened to the UK economy
36% (10.5 million) believe that the UK will be a wealthier country, boosting their investment profile, post-Brexit
30% (8.7 million) said that while Brexit in itself had not affected their investment decisions, the Government’s handling of the negotiations did negatively affect their investment decisions
The research suggests that investors are positive about the UK’s prospects outside of the European Union and are keen to use their capital after certainty is restored.

Where do investors want to use their money?:

41% of investors would prefer to use their own capital to help catalyse growth in the UK economy and job market
34% of investors would like to invest in small businesses with growth potential in the next two years
19% of Britons will look to make significant investments in the next year, despite political uncertainty
27% of Britons will look to invest into businesses within the UK when Brexit is finalised
The first two statistics suggest that while investors are looking for certainty, there is a tremendous amount of ambition in terms of supporting growth focused SMEs in the UK that will be crucial to the overall health of the economy in years to come.

Small and Medium-sized Enterprises (SMEs) make up over 98% of all private sector firms across the UK. They also account for 16 million jobs in the UK, while adding £1.9 trillion to the British economy.

Luke Davis – CEO of private equity house IW Capital – comments on the research:

“This research is very much in line with what we have seen from our investor base and from the entrepreneurs we work with. Both sides want to push on to make the most of opportunities that will present themselves when we do eventually leave the EU but feel somewhat let down by the Government and the way they have handled the process thus far.

“We have seen more demand than ever before to invest in growing SMEs, as well as more entrepreneurs looking for investment. Supporting and allowing this sector to grow at the pace at which it could will undoubtedly have a marked effect on the economy as a whole, creating jobs and facilitating growth at a scale that is almost unheard of in large businesses unsuitable to rapid change and adaptation to new conditions.”

MURAL CAPTURES COLLYHURST COMMUNITY STORIES

0

Nationally acclaimed street artists, kELzO and Entise, have brought their creativity to Collyhurst giving a once popular parade of local shops an artistic makeover.

Paying homage to Collyhurst residents past and present, together with popular landmarks and locations, the South Church Parade mural has proved to be an eye-catching addition to the area.

Locals have taken to social media to celebrate the street art which features boxing legend Mike Brodie and comedian Les Dawson alongside other characters who hail from the North Manchester suburb. To provide balance, the artists have painted wildlife seen in the neighbouring Irk valley and Sandhills areas into the mural which stretches across shutters, a gable end and onto a separate building,

Funded by Northwards Housing and Far East Consortium, the Collyhurst community artwork project took the artistic duo fourteen days. Tony Brady, aka KELzO, is a keen artist and historian, fascinated by inner city regeneration and development. He has been tracking activity around Angel Meadow and Collyhurst and capturing the changing landscape through his photography. When asked to undertake the Collyhurst commission he was delighted as its an area he is familiar with through growing up around the city centre.

“Manchester is changing rapidly, and I’m genuinely fascinated by the transformation”, says Tony. “My true passion is Manchester history and the stories that can be told about areas such as Collyhurst, the Irk Valley and Angel Meadow. Bringing some of those stories to life through art is a great way to engage with the community and bring more people over to the businesses on South Church Parade.”

Collyhurst is in the ‘Northern Gateway’, one of the largest residential-led regeneration projects in the UK, which aims to deliver up to 15,000 new homes across a range of tenures and housing types. The project is a joint venture between Manchester City Council and property developer Far East Consortium (FEC) and aims to develop new and existing neighbourhoods as part of an extended city centre, with improved walkways, cycleways and public transport connections.

Residential property management specialist delivers expansion by growing workforce to 250 and plans to recruit another 150 staff

0

Residential property management specialist urbanbubble is forecasting strong revenue growth over the next five years after reporting an increase in sales of almost 50 per cent in the year to the end of June 2019.

The group of four businesses comprising its Manchester and Liverpool operations, sales and lettings and short-stay lettings operation Urbana, saw revenues in its financial year to the end of June 2019 increase by 46 per cent to £5.55m from £3.8m in the previous 12 months.

Manchester-based urbanbubble’s core business achieved total revenue of £3.69m in the most recent financial year, representing an increase of 46 per cent from £2.65m in the preceding 12 months.

The group expects to achieve turnover of £8m in the year to June 2020 and £11.5m in the following 12 months to June 2021.

urbanbubble reported earnings before interest, tax, depreciation and amortisation (EBITDA) of £225,000 across the group, reflecting major investment in the group to prepare for growth which began in the fourth quarter of 2018.

The group is forecast to improve earnings to £620,000 by June 2020 and a total of £1.3m by June 2021.

Michael Howard, founder and managing director of urbanbubble, said: “Alongside strong revenue growth for the  next five years where we expect to continue to post 40 per cent sales growth over the same period, the senior leadership team is committed to driving continued annual improvements to EBITDA through leveraging of our scale, operating efficiencies and the use of technology with our residents and owners.”

To ensure the delivery of the forecast growth, Mr Howard said urbanbubble had increased its headcount to 250 full-time staff as of June 2019, with the number rising to 320 by June 2020 and to 400 by June 2021, led by a senior leadership team of seven including himself, a non-executive director and an advisor.

The business he founded 10 years ago from his apartment in the Northern Quarter of Manchester now manages a combined total of 10,000 residential units throughout England on behalf of property developers and institutional investors Legal & General and DTZ Investors (DTZi).

The urbanbubble partnership with Legal & General involves the management of Build-to-Rent (BtR) apartment schemes such as The Slate Yard in Salford, the 44-storey West Tower at Deansgate Square, Manchester and residential developments in Bath, Birmingham, Bristol, Leeds, Chelmsford and London.

It is also managing the Anco & Co development of 143 BtR apartments in Blossom Street, Ancoats, Manchester, fund managed by DTZi.

The firm manages leasehold residential schemes for property developers Salboy, Elliot Group, Property Alliance Group (PAG), Far East Consortium (FEC), Capital and Centric and Mulbury.

Mr Howard explained that the financial results for the year to end June 2019 represented one fully occupied BtR scheme – The Slate Yard.

Five other developments are ‘in mobilisation’ and fee earning and when two other schemes also mobilise during early 2020, all eight will provide an increase in fees earned for urbanbubble.

A successive wave of six schemes in the BtR portfolio of Legal & General will begin mobilisation in mid to late 2020.

In the year to end June 2019, urbanbubble launched its first scheme for Salboy – LOCAL Blackfriars in Salford with 383 residential units and finalised a deal with PAG to operate under white label in a JV that sees over 900 homes coming on board, including Axis Tower in Manchester. The Liverpool business has more than 1500 homes under block and lettings management contracts on behalf of Elliot Group.

During the next 12 months, urbanbubble will launch five more schemes for Salboy comprising about 1100 units, three for PAG, its first for Capital and Centric and Mulbury and more than 750 units for Elliot Group at The Address and Aura, both of which are in Liverpool.

In his market overview, Mr Howard said the UK residential retail sector was dominated by BtR and the ’exponential growth’ of homes and investment by institutional investors.

He explained: “urbanbubble is at the forefront of this sector with Legal & General and DTZi contracted for the operation of their burgeoning portfolios.

“While the industry is dominated by BtR, UK activity is concentrated in the North West with Manchester dominating the UK for the progressiveness of its local authority and private real estate sector working together to deliver the supply of new homes needed to abate the chronic shortages experienced since 2009.”

By the end of 2019, Mr Howard said a total of 6,000 new homes will have been provided in Manchester, Salford and Trafford city areas, followed by a further 7,000 in 2020 and 8,100 in 2021.

Referring to Greater Manchester, he said: “Whilst most looking from the outside in have raised an eyebrow at this level of supply, the city has just been catching up to meet the residential requirements of a growing, prospering and economically expanding city.”

Peel L&P buildings, including properties in Greater Manchester, become the first in the UK to achieve net zero carbon status

0

11 properties, ranging from 25,000 sq ft to over 120,000 sq ft, including buildings in TraffordCity (Manchester) and MediaCityUK (Salford) are the first in the UK to demonstrate net zero carbon status based on their operational carbon emissions, action taken to reduce those emissions and their renewable energy use.

Princes Dock at Peel L&P’s Liverpool Waters development has also achieved the status of net zero emissions. (Full list below)

Peel L&P has a long track record of leadership on sustainability being the first developer to achieve the BREEAM communities standard at MediaCityUK in 2011 and the first major property company to achieve the energy management standard ISO 50001 in 2015.

The most important action has been to reduce energy demand. Last year alone, Peel L&P invested £859,000 in 66 energy efficiency projects in these offices to benefit tenants by reducing their carbon emissions from energy use by 13%.

Any remaining emissions from the newly verified buildings will be offset through a Verified Carbon Standard tree-planting project in the North West to absorb the same amount of carbon dioxide emissions from the atmosphere.

The announcement has been welcomed by the Mayor of Greater Manchester Andy Burnham who agrees that the verification plays an important role in the city region’s 2038 target response to the climate emergency.

Andy Burnham, Mayor of Greater Manchester, said:

“Our homes and workplaces are responsible for a huge proportion of Greater Manchester’s carbon emissions, 33% and 32% respectively. If we are to deliver on our carbon neutral commitment for 2038, published in our five-year environment plan, we need to urgently make deep cuts in emissions from our building stock. In this announcement today, Peel L&P have shown that those deep cuts are not only possible, they’re also good for business. The message to others now is pretty clear: no excuses, if Peel L&P can pull this off, then so can you.”

Peel L&P’s work to reduce carbon emissions across its assets is part of the company’s first five-year sustainability plan which supports the United Nations Sustainability Development Goals (UN SDGs) to help create a fair and sustainable planet by 2030.

Peel L&P’s Sustainability Director Jo Holden, said:

“The region has set itself ambitious targets for achieving carbon neutrality and we want to demonstrate how we are playing our part by taking action to mitigate climate change. We will re-assess these properties annually, talk to our tenants about their role in reducing carbon emissions and look to increase the number of net zero carbon buildings in our portfolio.”

John Alker, Director of Policy & Places, UK Green Building Council (UKGBC), said:

“Awareness of the climate emergency is at an all-time high, but we now need to embark on a decade of urgent action. The property sector has a huge role to play, so it is fantastic to see this type of leadership from Peel L&P and we are delighted that the UKGBC Framework has helped guide the way. This also supports the green ambitions of some of our great cities, showing that the north can lead the way in the transition to net zero.”

Whole buildings verified as Net Zero Carbon:

The Venus, TraffordCity
The Vic, MediaCityUK
The Alex, MediaCityUK
Quay West, MediaCityUK
Digital World Centre, MediaCityUK
16 Robertson Street, Glasgow

Office space verified as Net Zero Carbon:
Peel L&P head office, intu Trafford Centre

Landlord’s emissions verified as Net Zero Carbon:

Princes Dock, Liverpool Waters – includes No.8, No.10, No.12 Princes Dock and Princes Dock Multi Storey Car Park.

For the last five years, Peel L&P has delivered annual improvements in energy efficiency of 3% in its major assets, due to the hard work of the Energy Champions and the ISO 50001 energy management system.

Over £1.1 million was invested in state-of-the-art energy saving equipment during a recent refurbishment of The Vic at MediaCityUK. As a result, the property is anticipating energy and carbon savings of 60% annually.

BGF tops £300m invested in the North West

BGF’s North West team has now invested £311m across 34 businesses in the region with £59m of that total invested in the past 12 months.

New investments included Manchester-headquartered FinTech company Planixs, international schools group Orbital Education and Joloda International, a fast-growing manufacturing firm based in Merseyside. This investment took BGF past its £2bn investment milestone and scooped Deal of the Year (sub £10m) at the 2019 Insider North West Dealmakers Awards. Last month BGF announced a £10m investment in CurrentBody, a Manchester-based online retail specialist for home-use beauty devices.

BGF also provided follow-on investment to four existing portfolio businesses, including web-hosting business, Miss Group, which has since made acquisitions across Scandinavia, North America and Europe. Coachbuilding business, Woodall Nicholson has also made a series of acquisitions this year across the UK and Germany. Following another year of growth, Kids Planet has expanded to 44 nurseries with its first acquisition outside of the North West in March this year.

Neil Inskip, head of BGF’s North West team, said: “Our investments this year and portfolio in the region shows the North West business community is truly world-class. We consistently meet entrepreneurs with global ambitions for their products, services and innovations. These are the high-potential businesses which fuel the growth economy.

“BGF’s role is to provide long-term, flexible capital to support the growth of businesses, based across the North West. We’ve continued to invest across a range of sectors from fintech to education, manufacturing and ecommerce – there’s a wealth of opportunity within the region.”

The team also expanded its headcount with the appointment of Spencer Woods and James Marshall to its investment team, as well as Joanne McTiffin, who joined BGF’s Talent Network, which works with BGF-backed companies to identify potential candidates for Non-Executive Director and Chair positions.

Bruntwood reports strong financial results following year of transformational growth

0

Bruntwood has reported strong financial results following a year of transformational growth. Against a backdrop of unprecedented political and economic uncertainty, the leading property group has both unveiled plans for new flagship developments and invested in the refurbishment of existing assets across the North and Midlands.

The results for the year to the end of September represent the first financial period since the group created Bruntwood SciTech, a 50-50 joint venture with Legal & General, to develop a network of innovation districts across the UK.

The creation of Bruntwood SciTech and the launch of Bruntwood Works – a new brand for its core office business – allowed the group to better respond to its customers’ increased and diverse expectations, and strengthened its ability to deliver its purpose of creating thriving cities.

Turnover for Bruntwood Group Limited rose 16.6% to £160.1m, whilst the total value of its assets under management increased from £1.3bn to £1.4bn. Pre-tax profit of £52m was achieved. This was down on the prior year, but ahead of expectations and reflective of the re-risked nature of the group as the percentage of the company’s capital allocated to development was reduced to a third of the level of the previous year largely as a result of the introduction of Legal & General as a JV partner.

Profits included £10m for Bruntwood SciTech following a successful first year for the joint venture. Shareholders’ funds rose 8% to £614m.

Chief Executive Chris Oglesby said: “At Bruntwood we are relentless in our passion to support our customers and to work closely with our civic and academic partners to help them grow by unlocking economic opportunities through the development of their property assets.

“In a year where the UK saw a sharp fall in inward investment as a result of the uncertainty over Brexit, we invested a record amount in creating places for businesses to thrive, reflecting our belief in the underlying strength and potential of great cities like Birmingham Liverpool, Leeds and Manchester.

“While we invest for the long-term, and never judge our performance in the context of a single year’s figures, these are strong results following a record year where our profits were buoyed by a number of one-off exceptional items.”

First year results for Bruntwood SciTech Limited showed pre-tax profits of £10.1m and net assets of £240.6m as a result of 12 months of significant progress being made in the development of Circle Square, Citylabs 2.0 and Alderley Park.

The company was appointed as 25% shareholder in Sciontec Liverpool, alongside partners – Liverpool City Council, the University of Liverpool and Liverpool John Moores University, and announced the next phase of the Innovation Birmingham campus, with the development of the 120,000 sq ft, Enterprise Wharf, due to open in 2021.

Development has also continued at Circle Square in Manchester’s Oxford Road innovation district. Plans were announced earlier this year to bring forward the development of No.3 Circle Square, a 220,000 sq. ft. 15 storey commercial building, to March 2020, while KPMG established a new innovation hub at Manchester Technology Centre.

Citylabs 2.0 topped out in September 2019 and will be home to global molecular diagnostics company QIAGEN as part of a new genomics and precision medicine campus. Following the success of Citylabs 1.0 and 2.0, planning permission has been granted for the £50m development of Citylabs 4.0 to create further capacity at the Campus.

At Alderley Park, a £10m investment into new biology and chemistry labs was announced, whilst a new coworking space, gym and sports complex also launched. The 150,000 sq. ft. redevelopment of Glasshouse offering coworking, serviced, managed and leased space for forward-thinking, innovative businesses is set to launch in February 2020.

2019 was also a year of evolution for Bruntwood Works, which launched its £50m Pioneer programme. The building transformation scheme is reinventing a number of its landmark buildings across the North and Midlands including 111 Piccadilly and Blackfriars to create environments focused on offering market leading innovation and amenity.

Bruntwood Works’ joint venture with Trafford Council saw the redevelopment of the former Kellogg’s HQ building reopen as new university UA92 whilst further plans have since been revealed for investment in housing, a new primary school and commercial space.

The partnership with Trafford Council has continued to evolve. In October Bruntwood Works extended the joint venture – with the £50m acquisition of Stretford Mall and Stamford Quarter in Altrincham, an investment that underlines the company’s commitment to town centre regeneration and the role they play in helping communities thrive.

Reflecting the continued growth of Bruntwood and its focus on recruiting and nurturing promising talent, employee numbers increased by nearly 100 to 850 over the last year.

Bruntwood also continued its pioneering work on sustainability as part of its commitment to be net zero carbon by 2030, by signing up to the Better Buildings Partnership’s new Climate Change Commitment; which aims to improve the sustainability of existing commercial building stock.

Chris Oglesby added: “The cities in the North and Midlands are still growing and have proved to be very resilient as a result of the strong progress they have made in recent years and this gives us confidence for the future.

“We are seeing businesses demand far more from their workspaces and the wider place making offer in our cities; to help them attract and retain the best talent.

“Our overarching purpose to create healthy, vibrant and, ultimately, thriving cities will continue to see us doing far more than simply developing individual buildings, but rather working hand in hand with civic, business and third sector leaders, to make cities that work for their people.”

Continuing the legacy of founder Michael Oglesby – who passed away in November – Bruntwood’s long-standing commitment to supporting communities saw the Group and the Oglesby Charitable Trust, donate more than £5m to local charities and initiatives working in a number of areas, including environmental sustainability, arts, medical research, education and social inequality.