The Pensions Insurance Corporation (PIC), Reef + Partners and the London Borough of Newham have marked the topping out of its latest development project.

Located at 3 Thames Road, it is a 161-home Silvertown development which aims to deliver at least 35 per cent affordable housing as part of the regeneration of the Royal Docks. Due to be completed in 2026, the scheme will offer a mix of studio to four-bed apartments to help ease the borough’s acute housing pressures. Newham Mayor, Rokhsana Fiaz OBE, claimed the milestone showed how the council is “working with trusted developers like PIC and Reef + Partners to tackle the housing crisis”, while PIC head of capital strategy, Max Cawthorn, said the project “has a clear social purpose and will secure dependable cashflows to pay the pensions of our policyholders for decades to come”. He added that the collaboration between the teams has been "critical" to reaching this stage. "We are now excited to continue this next phase of the build, which will result in us providing homes in a core area of London,” he concluded.

Bruntwood SciTech is set to expand the Leeds West Village campus.

The joint venture between Bruntwood, Legal & General and Greater Manchester Pension Fund is redeveloping 100 Wellington Street into “3 West Village”, adding 44,500 sq ft of flexible workspace and enhanced sustainability features to its Leeds innovation campus. The refurbished building will integrate into the wider West Village ecosystem, offering access to wellness facilities, social spaces and the city’s largest secure cycle hub, with 17,000 sq ft still available to let. Bruntwood SciTech regional director, Andrew Cooke, said the transformation “demonstrates our ongoing commitment to delivering the space that Leeds’ innovation economy needs to thrive”, highlighting the city’s strong talent pipeline and growing reputation as a technology hub.

Aviva Investors has provided a £32m green loan for a North London logistics scheme.

The transaction was completed through its multi-sector private debt long-term asset fund to support Valour Real Estate Partners’ development of a 110,000 sq ft grade A logistics unit in Enfield. The project targets EPC A+ and BREEAM Outstanding ratings, with Aviva real estate debt director, Nick Solomon, stating the scheme “is located in an established and strategically important location with high demand for modern high-quality units”, adding that the loan showcases how the firm can “support the creation of highly energy-efficient assets”. Echoing this, Valor vice-president, Miles Muthu, said that the funding underlines the continued institutional appeal of “best-in-class, sustainable urban logistics”.

XPS Pension Group has posted strong H1 revenue growth, with demand remaining high.

The firm reported a 13 per cent rise in revenue to £128.5m for the six months to 30 September 2025, supported by strong advisory demand, new client wins and the successful integration of its Polaris acquisition. Advisory revenue also grew 19 per cent year-on-year, administration 6 per cent and SIP 10 per cent, with adjusted EBITDA up 8 per cent to £33.4m despite higher national insurance costs and the wind-down of last year’s McCloud remedy work. XPS Co-CEO, Paul Cuff, said XPS was “very pleased with the first-half performance”, noting that investment in the business “has paid off as we continue to be busy supporting our clients strategically and operationally”, while the board increased the interim dividend to 4.1p in line with its confidence in full-year expectations.

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