Daily News: 22/10/2025
Gentoo, the Sunderland-based landlord managing 28,000 homes, reported its annual surplus fell to £10.3m (from £12.1m) for the year to March, with an operating surplus down to £38m due to a £6m impairment charge. Housing Today (register)
Pinnacle Group has expanded its FPRP portfolio through a new partnership with Zen Housing, reinforcing its role as a leading housing management provider for institutional investors and emerging affordable housing platforms. Meanwhile, Eden Housing has secured £45m in funding from Barclays and Nationwide, supported by Savills Financial Consultants, to develop affordable homes in North Cumbria. Pinnacle Group, The Intermediary
The social housing sector is experiencing rising costs, but rent arrears have decreased for a second consecutive month, with the median level of current tenant arrears dropping to 2.73% between July and August, according to Housemark. Housing Digital
A leaked recording reveals a Clarion manager instructing staff to falsify fire safety documents in social housing, showing an employee being told how to pretend a critical fire safety notice had been displayed. Sky News
Ealing Council will appoint Axis Europe and W.G. Wiggingtons to deliver £185m of M&E repairs to residential properties over 10 years. Meanwhile, LHC Procurement Group has launched the tender for its £1.85bn Public Buildings Construction and Infrastructure Framework, and Wirral Council is inviting developers to tender for affordable housing on the former Wallasey Town Hall annexe sites. Construction News (register), Construction Enquirer, and TheBusinessDesk.com
Wates Residential and Havering Council have awarded a contract to Rollalong to supply temporary modular homes at Waterloo and Queen Street. Meanwhile, The Crown Estate has acquired a 221-acre site in Oxfordshire for a science hub and housing expansion, and Ealing Council plans to demolish homes left unfinished after Henry Construction entered administration. Havering London Borough, Housing Today (register), and Construction News (register)
M&Y Maintenance & Construction has seen profits treble as revenues rose 34% to £58m, while administrators of ISG have secured unexpectedly large payouts for former staff after recovering more than double the initially expected funds from the collapsed contractor. Liverpool Business News, Construction Enquirer
Scotland currently has around 5,300 operating build-to-rent (BTR) units, with 2,700 units exiting the pipeline-such as converting to PBSA-since the mid-2022 rent control announcement. Scarlett
Watkin Jones has secured Scottish Government approval for nearly 800 homes at Chesser, Edinburgh. Croydon Council and Greystar will deliver 800+ homes via One Lansdowne, while Citizen will build 700+ homes in Coventry through a £120m estate regeneration. Barnet Council approved Notting Hill Genesis’ 329-home regeneration of a subsidence-affected estate, and outline permission has been granted for up to 125 homes in Potton. Huntingdonshire District Council approved 120 homes between St Ives and Houghton & Wyton, and Spitfire Homes plans 521 homes across the Midlands. Construction Enquirer, Croydon London Borough, BBC, Housing Today (register), Luton Today, Cambridgeshire Live, and TheBusinessDesk.com