{"id":7275,"date":"2025-03-06T12:15:29","date_gmt":"2025-03-06T12:15:29","guid":{"rendered":"https:\/\/www.locarla.com\/insight\/?p=7275"},"modified":"2025-03-06T12:16:27","modified_gmt":"2025-03-06T12:16:27","slug":"thursday-06-03-2025-news","status":"publish","type":"post","link":"https:\/\/www.locarla.com\/insight\/daily-news\/thursday-06-03-2025-news\/","title":{"rendered":"Thursday: 06\/03\/2025 \/ News"},"content":{"rendered":"
Daily News: 06\/03\/2025<\/h6>\n
\n

Nest, Legal & General, and PGGM have secured their first Build-to-Rent site in central Manchester, set to deliver 494 rental homes. The project aims to unlock defined contribution pension funds and international investment in UK housing, with plans to grow the portfolio to around \u00a31bn.\u00a0Legal & General Group<\/a><\/p>\n

Over 300 long-term empty homes in Wolverhampton have been transformed into family homes through council-led initiatives. Meanwhile, Northern Ireland\u2019s Housing Minister Gordon Lyons has outlined the next steps for an affordable rent scheme, aiming to deliver 300 homes for renters priced out of the private market.\u00a0Wolverhampton City Council<\/a>,\u00a0Department for Communities<\/a><\/p>\n

Edinburgh Council has spent nearly \u00a395.5m acquiring new-build homes from private developers over the past two years, according to FOI data. North Lanarkshire Council is set to invest \u00a390.6m in 2025\/26 to enhance housing conditions, while a Bournemouth development is expected to add \u00a324m to the local economy.\u00a0Scottish Housing News<\/a>,\u00a0North Lanarkshire Council<\/a>, and\u00a0Bournemouth Echo<\/a><\/p>\n

Edinburgh\u2019s Granton regeneration has secured nearly \u00a316m in Scottish Government funding to develop affordable, energy-efficient homes-a key part of broader efforts to enhance housing quality and sustainability across Scotland.\u00a0Scottish Housing News<\/a><\/p>\n

MPs have been warned that delays in building safety regulator approvals are causing job cuts in the construction industry, hindering progress on housing targets. The CITB has called for training reforms to help meet the 1.5m new homes goal. Moreover, UK councils are moving away from modern methods of construction due to cost and quality concerns, as highlighted in a parliamentary committee hearing.\u00a0Construction Enquirer<\/a>,\u00a0Housing Today (register)<\/a>, and\u00a0Construction News (register)<\/a><\/p>\n

The number of UK homes installing heat pumps through government incentives hit a record high last year. However, a report from Edinburgh\u2019s Smart Data Foundry shows that retrofitting costs are unaffordable for many Scots, with only 20% able to afford upgrades for Scotland\u2019s 2045 net zero targets.\u00a0BBC<\/a>,\u00a0Scottish Housing News<\/a><\/p>\n

The Q4 2024 report shows builders’ merchants’ value sales fell 0.5% year-on-year, with a 2.3% rise in volume sales offset by a 2.7% price drop. In addition, the February 2025 UK Construction PMI highlighted steep declines in housing and civil engineering activity, signalling major challenges in the sector.\u00a0Builders Merchant Building Index<\/a>,\u00a0S&P Global<\/a><\/p>\n

The latest shows that residential unit approvals increased by 15% in Q4 2024, building on earlier gains to limit the overall decline for the year to just 2%. Furthermore, CBI Wales is calling for a well-funded and innovative planning system to unlock key construction projects that can drive sustainable growth.\u00a0Home Builders Federation<\/a>,\u00a0CBI<\/a><\/p>\n

A mixed-use development in Chelmsford has been approved for 750 homes, while Watford greenlit a 23-storey tower with 314 homes. Southampton\u2019s \u00a3230m waterfront project, featuring 400 flats and a hotel, also gained approval. Plus Dane Housing and Vistry secured approval for 206 affordable homes in Crewe. Salford and Manchester City Councils have unveiled draft regeneration proposals for Strangeways and Cambridge, now open for consultation.\u00a0Insider Media<\/a>,\u00a0Watford Observer<\/a>,\u00a0Construction Enquirer<\/a>,\u00a0Plus Dane Housing<\/a>, and\u00a0Salford City Council<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Daily News: 06\/03\/2025 Nest, Legal & General, and PGGM have secured their first Build-to-Rent site in central Manchester, set to deliver 494 rental homes. The project aims to unlock defined contribution pension funds and international investment in UK housing, with plans to grow the portfolio to around \u00a31bn.\u00a0Legal & General Group Over 300 long-term empty […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"class_list":["post-7275","post","type-post","status-publish","format-standard","hentry","category-daily-news"],"_links":{"self":[{"href":"https:\/\/www.locarla.com\/insight\/wp-json\/wp\/v2\/posts\/7275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.locarla.com\/insight\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.locarla.com\/insight\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.locarla.com\/insight\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.locarla.com\/insight\/wp-json\/wp\/v2\/comments?post=7275"}],"version-history":[{"count":1,"href":"https:\/\/www.locarla.com\/insight\/wp-json\/wp\/v2\/posts\/7275\/revisions"}],"predecessor-version":[{"id":7276,"href":"https:\/\/www.locarla.com\/insight\/wp-json\/wp\/v2\/posts\/7275\/revisions\/7276"}],"wp:attachment":[{"href":"https:\/\/www.locarla.com\/insight\/wp-json\/wp\/v2\/media?parent=7275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.locarla.com\/insight\/wp-json\/wp\/v2\/categories?post=7275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.locarla.com\/insight\/wp-json\/wp\/v2\/tags?post=7275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}