Regional News News in brief
“For more than 30 years, Veriforce’s mission has been to help bring workers home safe from high-hazard jobs. As the global leader in supply chain risk management, Veriforce connects over 3,000 hiring clients,130,000 contractors, and 7,000 authorised evaluators and instructors worldwide. Its expertise and rigorous verification pro- cesses and solutions help companies embed safety and compliance into their supply chains – right down to the worker level. Serving sec- tors including Oil & Gas, Utilities, Construction, Municipalities, Food & Beverage Manufacturing, and Telecoms, Veriforce is the trusted partner for organisations committed to ensuring a safe, compliant, and qualified workforce on every job site.”
Andy Murphy, Director of Industrials at Edison Group, comments:”- Glenveagh has delivered a standout performance in 2024, with a record €869 million in revenue and an impressive 112% increase in EPS. The company’s ability to scale up completions to 2,415 homes—while expanding margins across all segments—reflects its strong execution and strategic foresight. The accelerated growth of the Partnerships division, now a key revenue driver, highlights Glenveagh’s pivotal role in addressing Ireland’s housing needs. With a robust land portfolio, a forward order book of €1.1 billion, and a disciplined capital allocation strategy, the company is well-posi- tioned for sustained growth. As demand for high-quality, own-door housing remains strong, Glenveagh’s operational efficiency and strategic investments provide confidence in its trajectory for 2025 and beyond.”
Plowman Craven, a leading international surveying company, has established an inspection division as part of its strategic growth objectives, appointing James Arnott as Commercial Director to lead the new
business.The launch builds on Plowman Craven’s 60-year track record and market-leading geospatial capabilities. Having
delivered high-precision surveying and inspection services as part of its work within the UK property, construction, rail, energy and infrastructure sectors, the group saw significant potential to expand its foothold in the inspection market.
Ignoring water waste management leads to costly repairs, oper- ational disruptions, and compliance risks reports Toby Gunn, Managing Director at Universal Tanker Solutions. Burst pipes and blockages can halt business operations, while rising utility costs strain budgets. UK regulations require businesses to manage wastewater efficiently, with non-compliance resulting in penalties. Proactive maintenance, including pipe insulation, water-efficient systems, and leak detection, reduces costs and improves reliability. Investing in water management enhances sustainability, protects infrastructure, and supports long-term financial stability, ensuring businesses remain operational and compliant during colder months.
Fast-growing specialist bridging lender Hilco Real Estate Finance (HREF) has completed a loan secured against 14 residential proper- ties in
Ireland.The £3.1m loan is secured against a portfolio owned by a highly respected investor and property entrepreneur. The loan allows the borrower to sell part of his portfolio of private rental properties over a 24-month term, whilst simultaneously refinancing a larger part of his portfolio onto longer term facilities.
Panattoni has secured a 10-year lease with Austin Racing for a 22,500 sq ft unit at Panattoni Park Burgess Hill, West Sussex. This move will help the Grand Prix F1 motorcycle exhaust manufacturer expand operations, streamline distribution, and create numerous jobs, boosting the local economy. Strategically located near the A23, M23, Gatwick, and Brighton, the park offers high-spec, sustainable facilities, attracting businesses like Austin Racing and EMED Group.
Heat network warranties invalid without PPM By Jarrad Bedford, Head of Sales – O&M, Insite Energy
When property managers take on new build developments, they often don’t feel it necessary to set up planned preventative main- tenance (PPM) regimes for their heat networks immediately. After all, newly commissioned equipment should be in good working order, with any issues covered by 12-month developer snagging periods or manufacturer warranties of up to five years, right?
Wrong. Heat networks are complex, high-value feats of engineering that
Sadly, snagging clauses only usually cover installation issues – they won’t help with equipment failure or inefficiencies caused by any other kind of problem. And they don’t typically cover servicing or maintenance.
Manufacturer warranties, meanwhile, become null and void if equipment is not serviced in line with their guidelines. That invar- iably includes the first year, so be sure to check precise terms.
Furthermore, the Government’s new Heat Network Technical Assurance Scheme (HNTAS) is due to launch in 2025. With preventative action as a core principle, it aims to ensure heat
– a bit like an F1 car – require skilful and consistent monitoring, servicing and fine-tuning to maintain their performance over time.
Well executed PPM should enhance efficiency, lower costs and emissions, lengthen equipment repair and replacement cycles and give you the security of a rapid response from a trusted supplier if things do go wrong. The associated costs are predict- able and recoverable via service charges, offering better value to residents than inflated emergency repair fees.
When it comes to heat networks, you should never wait until a problem becomes obvious before taking action.
networks meet minimum levels of performance and reliability. New installations must pass an assessment after two years of operation to avoid financial or other penalties.
Protected and prepared
For all these reasons, it’s essential that property managers set up PPM processes for their heat networks as soon as possible after onboarding a new development.
COMMERCIAL PROPERTY MONTHLY 2025
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