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Funding secured for new Grade A flexible workspace at Wirral Waters

Peel L&P, with support from the Liverpool City Region Combined Authority and the Merseyside Pension Fund has secured a funding deal that will create up to 113 new jobs in a 34,000 sq ft Grade A office development on a key site in Wirral Waters.

The £7.7m No.1 Tower Road South project will create a distinct and flexible workspace for existing local businesses to grow and for new businesses to locate in the Wirral Waters Enterprise Zone.

Peel L&P will be responsible for the delivery of the three-story, BREEAM Excellent office complex. The building will target local businesses and inward investors looking to either relocate or who require modern, sustainable floor space options to facilitate their growth.

With funding secured the No 1 Tower Road South development will continue the regeneration of the wider Four Bridges neighbourhood area within Wirral Waters.

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Tower Road is already home to Wirral Metropolitan College’s Wirral Waters £10.5m, RIBA Award-winning built environment campus, and the Tower Wharf building occupied by The Contact Company.

Work is also progressing well on Tower Road itself, with a new, improved and adaptable streetscape design to support existing occupiers, delivery of which commenced on 8th June. Improvements made in this streetscape scheme, and the wider Wirral Waters development, aim to attract new residents, students, visitors and new businesses to create new job opportunities, improve the environment, as well as making this vital road link safer for pedestrians and cyclists.

In November 2019, work started along the Northbank/Dock road site which will see 1,000 new homes built in the coming years.

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Richard Mawdsley, Peel L&P’s Director of Development for Wirral Waters, said: “Securing this funding deal for No 1 Tower Road South means this multi-million-pound business hub can proceed as planned, bringing investment, economic growth, and jobs to Wirral. We hope to be announcing the contractor very shortly and with work starting onsite in the Autumn.”

Cllr Pat Cleary, Chair of Merseyside Pension Fund (MPF) commented: “This is our fourth Catalyst Fund property investment. The Catalyst Fund was established by MPF in 2017 to support economic development in the Liverpool City Region (LCR). It is pleasing that we are able to invest in this way, providing our members with a commercial return whilst giving financial support to an important regeneration project in Wirral”.

Cabinet Member for Regeneration & Growth Councillor Tony Jones said: “The breadth of change coming in Birkenhead is phenomenal. We have a large-scale programme of regeneration planned across Birkenhead, the waterfront and the borough which will have a significant and long-term impact on the lives of the people living in our local communities.

“We are pleased to be able to support this project as it is an integral part of that wider programme of regeneration, linking to the town centre with prestigious new commercial resources for the area. It will be the cornerstone of a comprehensive and exciting development which will improve the quality of life for local residents with the creation of jobs and a range of retail and leisure facilities.”

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New timber industry campaign to reduce CO2 in construction

The construction industry is being urged to use more timber to meet the UK’s net zero target.

The Wood CO2ts less campaign aims to increase awareness of timber’s environmental credentials and highlight how using wood from sustainably managed forests is one of the simplest ways to help reduce carbon emissions.

Members of the timber industry collaborating on the campaign include Wood for Good and industry bodies Swedish Wood, Confor, the Timber Trade Federation (TTF), Structural Timber Association (STA) and British Woodworking Federation (BWF).

The construction industry has already taken its own steps to creating more sustainable buildings through initiatives such as the Chartered Institute of Building’s Carbon Action 2050 toolkit. The Wood CO2ts less campaign calls on the construction industry to continue this positive movement, through using more wood.

Sarah Virgo, Wood for Good campaign manager, said:

“The government set a target for the construction industry to achieve net zero carbon by 2050 but it’s not feasible for all sectors of the economy to become carbon neutral. To reach net zero, we need to compensate for these emissions by finding ways of removing carbon from the atmosphere. The simplest way to contribute to this reduction is to consider wood first, instead of other materials.

“If we are to meet government targets and reduce climate change, we must act now. Everyone involved with the design and construction of a building, new or old, can play their part in tackling the climate emergency.”

Andrew Carpenter, STA chief executive, said:

“The shortage of housing in the UK is an issue that has been acknowledged by successive governments; we must ensure that all new build homes are delivered in a high-quality and sustainable manner. Furthermore, to deliver the volume demanded with the urgency suggested, then this is also achievable by using engineered timber solutions that are predominately manufactured offsite – this also alleviates the acknowledged skill-shortage faced by the construction industry.”

Dave Hopkins, TTF chief executive, said:

“As we move along construction’s roadmap to recovery, the industry needs to make better choices now. We have the skills and resources available to create a better built environment and timber is at the heart of it all.”

To learn more about the role wood plays in construction, including design and environment data for specifying timber, and to explore best practice examples of building with timber, visit www.woodforgood.com/CO2

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Building Performance Simulation (BPS) Market – Investment Opportunities in Competitive Environment

Building Performance Simulation (BPS) Comprehensive Study by Application (Architectural Design, HVAC Design and Operation, Building Performance Rating, Building Stock Analysis, Others), Enterprise Size (Small & Medium Enterprise, Large Enterprise), Solutions (Software/ Platform, Services), End User (Residential, Commercial (Healthcare, Education, Government, IT & Telecom, BFSI, Others)) Players a1 Posted via Industry Today. Follow us on Twitter @IndustryToday Continue Reading

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