Portsmouth Economic Development & Skills’ Post

Construction News: The Competition & Markets Authority has found that Barratt’s £2.5bn deal to purchase Redrow Homes raises competition concerns only in one specific part of the country. http://dlvr.it/TBfDYT #Barratt #CompetitionMarketsAuthority #Redrow

Construction News: Miller Homes has agreed a deal to buy St Modwen Homes from Blackstone for a reported £215m. http://dlvr.it/TGvgRk #MillerHomes #StModwen

The recent launch of the MADE Partnership, a joint venture between Barratt Developments, Homes England and Lloyds Banking Group, is an interesting step in the evolution of UK Housebuilding. Given the new Government’s housebuilding ambitions, the ‘Master Developer’ partnership is a logical commercial development, with the involvement of Homes England ticking boxes around planning concerns. As far back as May 2023, Labour was expressing its intention to repurpose the housing quango, as part of its bid to get more private and affordable homes built if elected to government, so this should come as no surprise to the sector. So with the planning concerns ticked, and with the Made Partnership’s capital and construction needs in the bag via the other two partners, the joint venture is better placed to succeed than some of the naysayers may believe. However, sitting in the heart of the supply chain, looking at the social and economic environment into which the Made Partnership is launching, it will be interesting to see how it navigates the remaining – and not insignificant – strategic challenges facing the UK’s housebuilding sector as a whole as well as this new initiative. Read more supply chain perspective on the master developer partnership from James Scott, MD of Scotts Timber Engineering, here: https://lnkd.in/eS8PG7c3 #housingsupplychain #ukhousebuilding #supplychain

The KennMar Advantage: Construction + Commercial Real Estate Expertise At KennMar Construction, we go beyond traditional construction services. With our in-house commercial real estate brokerage team, we offer a comprehensive solution to our clients — from selecting the perfect location to bringing your project to life. Here’s how this benefits you: ✅ Expert Location Selection: Our real estate team finds the perfect site to align with your project goals. ✅ Streamlined Process: Combining real estate and construction expertise under one roof ensures efficient communication and faster timelines. ✅ Maximized Investment: We guide you through every decision, optimizing both your property acquisition and construction phases for long-term value. Looking for a true end-to-end partner for your next project? Let’s discuss how we can help! https://lnkd.in/geV5_4Es #KennMarConstruction #CommercialRealEstate #KennMarBrokerage #ConstructionAndRealEstate #SeamlessBuildingProcess #MaximizeValue #BuildWithKennMar

Where have we been….. the simple answer is we have been busy, busy improving and much more. We have been busy aligning the personal and business vision, structure, targets, goals and partners for our 24/25 pipeline. Here’s a taste of what we have been up to and the partners we have working with to achieve all and more as part of our future growth plan. 1. LAUNCH of Kingsmen Land and Acquisition - headed up by Harvey Carter for all land and development sites, bespoke to client criteria. 2. NEW SITE - the delivery of 8 units for local housing needs in Worcestershire planning submission with full sustainability, BNG, affordability and quality housing stock. 3. TPX - our planning consultant partner extraordinaire - the last year has given us invaluable knowledge and resultant planning gain on all sites we have secured and continue to be part of this exclusive mastermind. 4. MENTOR - Anil of Haus Group, has given us more drive and focus on us and the business, resulting in a defined plan for our business goals now and into 2025 - he walks the walk and has a proven background to help us deliver in all we will do. 5. PLANNING APPROVAL - a site in Staffordshire with planning gain and fantastic margins which starts in Q3 of 2024. 6. GROWTH - meeting with seasoned developer Castell Group delivering social housing at the next level with a true partnering ethos with RSL and LA - podcast to come with Dorian Payne, and more. 7. SITE VISITS - secured vanilla new build sites and class Q incoming … 8. UPGRADE - Kingsmen Developments has had an update with all projects and business principles updated on our website - go check it out. Link - https://lnkd.in/e2Mshi8T Please click through to the contact page and we can arrange a call to review how we can help each other develop a relationship for the future, and keep you updated on all project progress and sharing of our MDs 30 years construction and refurbishment and partnering knowledge contracts from both client and contractor facing roles - invaluable and powerful. #ResidentialDevelopment #Business #LandDeals #OurTeam #Property #PersonalDevelopment #investment

Sentinel Property Group CEO, Warren Ebert, delves into the construction crisis by discussing the significant challenges currently facing the industry, particularly residential, in his interview with Catherine Cashmore’s Land Cycle Investor. He highlights the steep increase in construction costs, the critical shortage of accommodation, and the difficulties posed by the rising costs of materials and labour. Despite government efforts to mitigate these issues by throwing more money at it, Mr Ebert points out that the shortage of skilled workers remains a major obstacle. “We’re not building much more, and we can’t build much more,” he said. “We bought Caneland Shopping Centre in Mackay December 2022. We paid $280 million and to replace that centre is $700 million.” Amid these challenges, Mr Ebert points out that the current market conditions create unique opportunities for investors to acquire established properties, which are irreplaceable. #ConstructionCrisis #RealEstateChallenges #HousingShortage #RisingConstructionCosts #SkilledLaborShortage #PropertyInvestment #ResidentialConstruction #MarketOpportunities #CatherineCashmore #LandCycleInvestor #WarrenEbert #SentinelPropertyGroup #RealEstateMarket #InvestmentStrategies #PropertyAcquisition #BuildingIndustry #CommercialProperty #Investment #Opportunistic

What a great point discussed by Warren Ebert during this interview. I actually was thinking something similar last week after having reading WT (Australia) Australian Construction Market Conditions Report. Right now, the primary focus of conversation in the construction industry revolves around increasing the construction of homes to address the housing crisis. I'm thinking about how we can manage this in the middle of labor shortages, which drive up labor costs, potentially impacting the economic viability of all real estate development projects. While I know the government has allocated funds, I'm concerned about whether we have enough skilled labor to meet the government's targets and simultaneously continue working on other projects like infrastructure and private developments, especially those not focused on affordable housing. Perhaps one solution to the labor shortage in the construction industry could be to promote and encourage skilled tradespeople from overseas (such as general labour, bricklayers, plumbers, plasterers, electricians, stonemasons, provided with their AUS training) to come to Australia on a working visa and stay for a period of 2-3 years to assist in meeting our home-building targets. I notice that the trades mentioned above are included in the Immigration’s Medium and Long-Term Skill List (MLTSSL) and are eligible for visa applications. However, is this visa opportunity being adequately promoted overseas, or is it being promoted at all for these in-demand trades? Regarding general labor, it is not included in any skilled occupation list. Perhaps a temporary solution could be to allow international students to work more than 48 hours per fortnight while studying if they are employed in general labor roles within the construction industry. Just here thinking out loud. Any thoughts?

Avanath Partners with Builders to Construct Affordable Homes Faster and Cheaper Read the full article below...

Why Clients Trust Yorkshire Developers: Not because we promise the world. Not because we cut corners on cost. But because we transform challenges into remarkable results. Latest transformation: Complete buy-to-let renovation completed in just 6 weeks - increasing property value by 40% and rental yield by 25%. Building lasting partnerships through exceptional delivery. #constructionexcellence #reliability #yorkshiredevelopers

TYKO Capital has provided a $285 million construction loan for Terra and One Thousand Group’s Major Food Group-branded condo project in Miami. Called Villa, the 56-story project will house 70 units at 710 NE 29th Street in the Edgewater neighborhood, facing Biscayne Bay. Major Food Group, the hospitality company behind celebrity hot spot Carbone, will operate Copper Club, the residents-only amenity suite. Read more: https://lnkd.in/e_htPUHX Pictured (T-B): Jeff Zalaznik, Mario Carbone, and Rich Torrisi of Major Food Group