zbvvo.top

Games Workshop shares surge after positive trading update, driven by Warhammer sales

2025-09-08 21:18:13 By

Shares in FTSE 250 listed Games Workshop leapt after the market opened, buoyed by a positive trading statement.

The stock of the business behind Warhammer surged nearly 14% in the initial trading session, following an upbeat announcement to investors this morning.

Games Workshop expressed contentment with its performance since the previous update in late September, reporting that it was "ahead of expectations", as reported by City AM.

It specified: "The Board's estimate of the results for the six months to 1 December 2024, at actual rates, is core revenue of not less than £260m, compared to £235.6m, in 2022/23."

Additionally, it expects "licensing revenue of not less than £30m", up from £13m recorded in 2023/24, and foresees a pre-tax profit "is estimated to be not less than £120 million, compared to £96.1m."

These projections follow a significant shareholder backlash prompted by hefty bonuses handed out to senior executives.

At its last trading update posted in September, the company headquartered in Nottingham faced substantial opposition at its AGM, with almost 21% dissenting against its remuneration report and close to 27% opposing its pay policy.

Back in July, leadership celebrated the company's record-breaking results, branding them as heralds of "exciting times" ahead.

In recent trading periods, Games Workshop's shares have risen 37.11% over the past half-year and 23% year-to-date.

Russ Mould, the investment director at AJ Bell, said: "Shares in fantasy miniatures outfit Games Workshop traded at record highs as the company revealed trading is running notably ahead of expectations for the first half of its financial year."

He highlighted a significant factor contributing to the robust figures: "A key feature of the strong numbers is a big uplift in licensing revenue driven by sales of the Space Marine 2 video game and before the company announces its half-year results in full in mid-January there may be news on its tie-up with Amazon. The agreement, to create a Warhammer 40K film and TV series, is close to a self-imposed deadline of 31 December to agree 'creative guidelines'.

"The beauty of licensing income is it comes with negligible extra cost for the company and therefore is highly profitable."

"Games Workshop looks to have significant untapped potential in its intellectual property and fantasy worlds. Globally, it has only just begun to explore market opportunities.

"Having staff passionate about games, painting and collecting miniatures is a bonus for its store network. Rather than simply being run by people who just show up to work and perform tasks as requested, the stores are manned by individuals as keen about the subject matter as the customers. That enthusiasm can be infectious and keeps customers loyal and the tills ringing.

"Being vertically integrated, Games Workshop controls everything from design to sales, allowing efficient cost optimisation and pricing control. It continues to be a unique business on the UK market and that has helped it attract a premium valuation."

Highly Recommended

Manchester office investment 'paying dividends' as international businesses head to city, agents say

Property leaders say the massive investment in Manchester City Centre is paying dividends in attracting national and international businesses to the city – and they hope there’s more to come. The latest figures from the Manchester Office Agents Forum (MOAF) showed that in the third quarter, 432,619 sq ft of city centre office space was let across 51 transactions, giving a big boost to the annual total. Almost 1m sq ft has been let in the year so far – with 46% of take up coming in Q3. The quarter also saw the two largest transactions in the year, with the letting of 4 Angel Square (196,443 sq ft) to BNY Mellon and ARM’s deal for three floors in 1 St Michaels (68,860 sq ft). MOAF has predicted a “strong take-up” for the rest of the year and expected the annual total to top 1.3m – eclipsing the five and 10-year average figures of 1.1m and 1.2m respectively. Steve Brittle, partner at property consultancy Fisher German’s Manchester office, said: “The increase of 100,000 sq ft in deals compared to the previous quarter was predominantly due to the major letting to the Bank of New York Mellon Corporation which is the largest regional ‘big six’ letting recorded over the last four years. “This highlights the attraction and pull of Manchester as a city to corporate occupiers wanting to consolidate and expand their presence in the city along with the high-quality space that is available. “The massive amount of investment in Manchester city centre in recent years in terms of re-development, refurbishment of office buildings and inward investment from the private and public sector is paying huge dividends in the calibre of businesses and organisations that now want to make the city their home or expand here." Mr Brittle said occupiers were also looking more at Environmental, Social and Governance (ESG) requirements when it came to office space. He added: "Acquiring office space that supports health, sustainability and transparency helps attract and retain top talent and is now considered to be a crucial factor when moving into a new base. “We expect the final quarter of 2024 to be positive with the deals that are currently in the pipeline, and the office market in Manchester City Centre has demonstrated a robust performance to date and the evidence of larger footprint transactions is encouraging.” In South Manchester, the market has witnessed a take up of 81,910 sq ft over 59 deals during Q3 which was a slight increase on the Q2 figure. The Q3 figure brings the transactions to date to 254,021 sq ft for 2024. Steve said: “The South Manchester market has been consistent throughout the year with levels and number of transactions being similar in each quarter. We expect that to continue for the remainder of the year and into 2025.” Announcing the Q3 survey results last month, Rob Yates, head of office agency at Cushman & Wakefield and MOAF chairman said: “Manchester’s office market continued to perform robustly, the return of larger lettings is particularly pleasing. The letting of 4 Angel Square is the largest regional ‘big six’ transaction recorded in the last 4 years. This illustrates the pull of Manchester to major occupiers seeking to consolidate and expand their footprint in Manchester. “We continue to see a diminishing supply of readily available Grade A space and robust demand for the best space. Given the lack of speculative development we expect to see a supply and demand imbalance in 2025. This issue will be further magnified when a number of high-profile transactions completed in Q4.” MOAF also discussed the out-of-town market in Q3, where Salford Quays and Old Trafford saw 15 completed transactions totalling 35,134 sq ft. John Nash, Canning O’Neill, said: “The out of town markets have been incredibly consistent through 2024 with similar transaction numbers and take up throughout each quarter of the year. Take up remains down on historic 5 year averages for these markets with larger lettings proving more difficult to secure. However, with reduced void and increasing rental levels in the city centre, the argument to look out of town is likely to become even more compelling.” MOAF is made up of Avison Young, BE Group, CBRE, Colliers International, Canning O’Neill, Cushman & Wakefield, Edwards, Fisher German, Hallam Property Consultants, JLL, Knight Frank, LSH, OBI, Savills and Sixteen. Earlier this month, Avison Young reported that the big cities of the North saw a boost in office take-up levels in Q3 as appetite for “best in class” space continues to grow – though there were still fears about levels of Grade A stock. Also this month, investment bank Cavendish announced its Manchester expansion with a new office at No.1 St Michaels.

Grainger unveil plans for 400 apartment built-to-rent scheme in Cardiff city centre

Plans for a 400 build-to-rent apartment scheme, which will also see a string of railway arches revived in the centre of Cardiff, have been revealed. Newcastle-based and the UK’s largest listed residential landlord, Grainger, has acquired a development site at John Street in a £6.25m deal, which also includes the long leasehold interest in five railway arches. Following the acquisition, Grainger is now progressing plans to obtain planning consent for a build-to-rent led scheme for 400 apartments with resident amenities, whilst transforming five railway arches to provide commercial and publicly accessible open space. The arches, with are currently not occupied, each extend to around 1,000 sq ft. In a separate deal Grainger has also acquired a multi-storey car park at the nearby Capital Quarter scheme, which is adjacent to Grainger’s Copper Works residential scheme. Both the land site and car park have been acquired from Cardiff-based and family-owned developer JR Smart, which developed the Capital Quarter scheme and a new 107,000 sq ft office building at John Street, which is due to be completed next year. The Cardiff office of property advisory firm Knight Frank acted for JR Smart on its two disposal deals with Grainger. The multi-storey car park with 296 spaces was acquired as a going concern and will enable Grainger to lease car parking spaces to residents of the Copper Works, but also for any potential development on the John Street site. With 11,069 operational rental homes across the UK, and a further 4,730 homes in its £1.4bn pipeline, Grainger said its Cardiff acquisitions provide an opportunity to further strengthen its presence in the city. In January it unveiled its built-to-rent Copper Works scheme at Capital Quarter with its 307 apartments. Helen Gordon, chief executive of Grainger, said:“We are pleased to further invest in Cardiff, which is a key investment target for Grainger.

Birmingham's Mclaren building to undergo £2.4m facelift

One of Birmingham's most prominent and recognisable office towers is to undergo a major overhaul. Property group Bruntwood SciTech is injecting £2.4 million into its Mclaren building to modernise the block which first opened in 1972. The project will see the building undergo a full refurbishment to expand its workspace offer to include turning the unused basement into a gym with changing rooms, a new "contemplation room" for meditation or reflection and bike storage space. New serviced offices aimed at start-up and growing businesses will be added, ranging from two to 30 desks, alongside its current space to lease. The reception and lounges, with accompanying breakout areas, will be completely redesigned with the aim of giving the building a brighter and more open feel. The renovation work is being carried out in partnership with Manchester-based interior design company Axi Studios. Once completed next spring, Mclaren, in The Priory Queensway, will have 112,000 sq ft of workspace across 20 floors and will also have a new name which is yet to be announced. Current tenants in the building include Energy Saving Group and infrastructure specialist Kier Highways. This latest project by Manchester-based Bruntwood SciTech follows on from it recently completing work on its Cornerblock building, in Cornwall Street, and starting to revamp Centre City, in Hill Street. It is also working in partnership with University of Birmingham on the new Health Innovation Campus in Selly Oak. Mohamed Ali, associate director for Bruntwood SciTech in Birmingham, said: "We want Mclaren to be a place where creative and innovative businesses can grow and succeed. "This investment will help us to achieve that by not only improving the calibre of workspaces and amenities available but offering access to both our Birmingham and UK-wide business support services too. "We look forward to offering a space for businesses and their employees that promotes wellbeing and a healthy work-life balance."

Insurance brokerage moves to new base

An independent insurance brokerage has expanded into a new office in Birmingham. Norton Insurance Brokers has relocated to Lyndon House, in Hagley Road, which it said marked a significant step in the company's growth. The insurance specialist is occupying around 5,500 sq ft over two floors at the new base. Email newsletters BusinessLive is your home for business news from across the West Midlands including Birmingham, the Black Country, Solihull, Coventry and Staffordshire. Click through here to sign up for our email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates. We will also send out 'Breaking News' emails for any stories which must be seen right away. LinkedIn For all the latest stories, views and polls, follow our BusinessLive West Midlands LinkedIn page here. Managing director Mark Wilkinson said: "We're delighted to have moved into our new office at Lyndon House. "This is the next chapter in our journey and we are excited about the opportunities it brings as we continue to serve our clients and grow as a business." Levi Bailey is group operations director at Switch Management which manages Lyndon House. He added: "Joining a number of leading organisations, Norton Insurance Brokers will make a brilliant addition to Lyndon House which is the perfect space for ambitious businesses looking to scale up their operations. "We look forward to being part of their journey as they continue to grow."

Restoration of Hull's landmark Burton building progresses under Wykeland plans

A landmark historic property in Hull has been revealed after undergoing a major regeneration by a city-based developer. The 1930s Burton building - the original home of menswear retailer Burton - has been re-established by Wykeland Group as commercial and leisure space. Scaffolding has now been removed from the prominent art deco property, which once completed will provide 12,700 sqft of prime city centre space over five floors. Replacement granite cladding for the building - now called Burton House - has been sourced from the same quarry in Norway as the original stone, which dates back to the mid-1930s. And its art deco windows have been replaced with new signage to be installed. Work so far on the upper floors has refurbished the original lift and now internal walls will be removed to create open-plan work areas. The project includes 2,400 sqft of retail and restaurant space on the ground floor and 1,600 sqft of basement area that could be used for back-of-house. On the first, second and third floors, there will be 2,500 sqft of office and commercial space. Jonathan Stubbs, Wykeland development director, said: "There has, unsurprisingly, been a huge amount of excitement and anticipation surrounding the regeneration of the Burton building. As one of the best-known landmarks in Hull, we’ve approached this project with a great deal of care and sympathy. With the scaffolding now removed, and the restored exterior of the building revealed, people can envisage how Burton House will transform the entrance to Whitefriargate. "As the project has progressed, we have had growing levels of interest from potential leisure and retail occupiers of the ground floor and basement accommodation, looking to make the most of this rare opportunity to move into a prime, regenerated city centre space. We expect that demand will further intensify now people can see the quality of the restoration we are carrying out." Grant funding for the Burton House project includes £750,000 from the Levelling Up Fund Grant Scheme, allocated by Hull City Council and a further £450,00 from Historic England. For Wykeland, the project is the latest part of long-term regeneration effort that includes a number of its properties between Whitefriargate and Alfred Gelder Street. Coun Paul Drake-Davis, Hull City Council’s portfolio holder for regeneration, said: “It’s wonderful to see Burton House being rightly restored to its former glory. For people visiting the city centre, it is a symbol of the wider regeneration of Hull which simply could not happen without companies like Wykeland.

Former Cardiff office building being turned into Wales' first co-living scheme

A project transforming a former office building in the centre of Cardiff into Wales’ first co-living scheme has secured a £30m-plus funding boost to ensure its completion . Developer Urban Centric has struck a £23.8m debt deal with Shawbrook for the project at the 60,000 sq ft Knox Court building alongside securing a £7.6m equity injection from Housing Growth Partnership, which is part of Lloyds Banking Group. The project is scheduled for completion in January 2026 and will provide 206 apartments for rent, alongside share areas. It will also have office units on the ground floor. The funding will finance the construction work, including the addition of two new floors, and assist with tenant acquisition. The building has been vacate since financial services firm L&G moved staff last year into its new Welsh HQ building at the Interchange scheme, which forms part of the wider Central Square development around Cardiff Central Station. Andrew Wood, director of Urban Centric, said: “Urban Centric are proud to be delivering the first co-living scheme in Wales with our partners, the Housing Growth Partnership and with the support of Shawbrook. “Following the successful completion of our first scheme with Shawbrook in Swansea in 2022, we were delighted to partner with them once again on this landmark project. Their flexible and tailored funding approach has been instrumental in helping us bring our vision to life and we look forward to working with them in the future.” John Hughes, senior relationship director at Shawbrook, said “We are pleased to support Urban Centric in launching Wales’s first co-living scheme. This partnership, alongside the Housing Growth Partnership, combines our financial expertise with their innovative vision, propelling the project forward. Co-living offers a flexible, community-focused living experience that resonates with today’s urban residents seeking affordability and connection. Working with Urban Centric again underscores our commitment at Shawbrook to fostering strong relationships with developers.” Mike Murphy, director of Housing Growth Partnership, said: “This first investment alongside Urban Centric highlights the ever-growing significance of equity funding in creating, regenerating and delivering vibrant communities and homes that meet an unmet demand for housing in key regional UK cities. It also underscores our team’s capability in executing complex equity transactions across the UK living sector. "Co-living in particular is a nascent but fast-growing product, as people prioritise city centre living and the infrastructure and social advantages it brings. It’s been great working with the team at Urban Centric to date and the collaboration with Shawbrook has given us the reliable financing and confidence needed to bring this project to life.

Cardiff office market sees strong growth in letting deals and its headline rent level

Cardiff’s commercial office property sector has performed strongly this year with rising letting activity and its headline rent on an upwards trajectory after being stagnant for nearly a decade, shows new research from property consultancy Knight Frank. The firm’s Cardiff Report said the market has benefited for an increasing number of companies expecting employees to spend more time in the office, Its annual report also shows that those seeking office space are becoming more selective, with high-quality, amenity-rich office spaces that support health, well-being, and sustainability objectives foremost in demand. Matt Phillips, head of the Cardiff office of Knight Frank, said: “This occupational realignment is having a profound impact on the property landscape in Cardiff. While there is a plentiful supply of commercial spaces in Cardiff, there is a notable shortage of properties that meet this evolving criteria of active occupiers. “The market is polarising at pace, with new or recently refurbished buildings generating healthy occupier attention. Older buildings lacking significant capital improvements, however, are experiencing greater challenges. Herein lies both the challenge and opportunity for Cardiff.” Knight Frank’s said total office take-up in the city for the third quarter of this year topped 146,000 sq ft - the highest quarterly total since Q4 of 2020. For the year to date a total of 334,500 sq ft has been let - 56% ahead of the equivalent period in 2023 and the strongest first nine months to a year since 2017. So far this year three deals of more than 20,000 sq ft have been completed, the highest for three years, Notably, the average deal size for the year-to-date is 4,711 sq ft, the highest since 2020. The largest deal this year was the Welsh Government acquiring a 51,400 sq ft former Lloyds office building at Cardiff Gate Business Park to support the expansion of the compound semiconductor cluster in South Wales. The other two deals over 20,000 sq ft saw professional advisory firm, PwC taking 33,200 sq ft at One Central Square and Aldemore Bank (via Motonovo Finance)taking 28,100 sq ft at the adjacent Two Central Square. Motonovo has taken space being sublet by law firm Hugh James in the building. Motonovo is moving out of One Central Square, which provides the space for PwC. Mr Phillips said: “So far this year companies originating from the financial services and insurance sectors have been particularly active, accounting for 27% of the total office space take-up. Notably, four out of eight of leasing deals involving spaces over 10,000 sq ft were secured by firms from these sectors.” At the end of third quarter the overall vacancy rate in the core Cardiff city and Bay market was 9.9%, a slight fall compared to the peak of 11% earlier in the year. Inclusive of out-of-town areas, vacancy rates were 11.1 per cent in Q3. Mr Phillips said: “This elevated vacancy rate masks the complete picture. Grade A availability has steadily declined during the year to reach 324,000 sq ft at the end of the third quarter and this meant that the vacancy rate for new and grade A spaces dipped to 3.8%, meaning the gap between total availability and that of ‘best quality’ is now the widest for 10 years.” The report shows that the city’s development pipeline remains limited for those targeting new space. At the end of the quarter, John Street was the only new speculative office development under construction in Cardiff city centre. Being developed by JR Smart, the building is due for delivery by the end of 2025 and will provide 107,000 sq ft of office accommodation with floor plates of 13,000 sq ft. While rents increased in Cardiff during 2024 the gap compared to other regional markets also increased, the research reports. The headline (prime) rent in Cardiff increased to £28 per sq ft, The level was achieved through the letting deal at One Central Square with PwC. The previous headline rent was £25 per sq ft. The average market asking rents also experienced growth, rising to £18.50 per sq ft from £17.50 in 2023. Knight Frank said the upward trend in prime and average rents reflects Cardiff’s competitive market for better-quality spaces. However, despite this uplift, the disparity between Cardiff’s prime rents and those in other UK regional core cities expanded significantly. At the end of Q3 the average headline rent across core cities outside of London stood at £38.00 per sq ft, with the highest rent reaching £48.00 per sq ft in Bristol.

Birmingham office block to undergo major overhaul

A 1980s office building in the heart of Birmingham's business district is to undergo a major facelift which will include the addition of a new roof terrace. Estilo Interiors, which specialises in office fit-out and design, has been recruited to lead the revamp of 35 Newhall Street after plans for the project were first lodged last year. 35 Newhall Street, which sits at the corner with Cornwall Street, is six storeys tall and has 70,000 sq ft of space. The planned work comprises the addition of a roof terrace and sky lounge, replacement of the existing cladding with a modern, reconstituted stone cladding, the installation of six electric vehicle charging points in the basement car park and a new 44-space cycle hub with lockers and changing rooms. The existing Newhall Street entrance will undergo a transformation, replacing the current canopy with a portal adorned with perimeter lighting. Andrew Moore, founder and managing director of Estilo Interiors, said: "We are delighted to spearhead the refurbishment of 35 Newhall Street. "This project represents a significant step in our ongoing commitment to delivering innovative and sustainable office spaces that meet the evolving needs of today's businesses." Property consultancies Knight Frank and Savills have been appointed as joint leasing agencies for the office space. Jamie Phillips, partner in the office agency team at Knight Frank, said: "35 Newhall Street will, on completion, provide the market with much-needed, high-quality office accommodation which will offer the very highest sustainability credentials and provide occupiers with a best-in-class experience." Email newsletters BusinessLive is your home for business news from across the West Midlands including Birmingham, the Black Country, Solihull, Coventry and Staffordshire. Click through here to sign up for our email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates. We will also send out 'Breaking News' emails for any stories which must be seen right away. LinkedIn For all the latest stories, views and polls, follow our BusinessLive West Midlands LinkedIn page here. Ben Thacker, office agency director at Savills, added: "On track for completion next summer, 35 Newhall Street will be delivering a new opportunity that is precisely aligned to the scale, location and quality of workspace that occupiers are seeking in an office market with increasingly limited availability."

Manufacturer secures huge land deal in Birmingham

A manufacturer of non-combustible insulation has signed a deal to open a huge new production facility in Birmingham. Rockwool has agreed terms to buy 114 acres of land at the Peddimore site near Sutton Coldfield with the aim of building a state-of-the-art manufacturing hub. It will feature proprietary electric melting technology for its stone wool insulation products. The new facility will boost supply capacity for UK and Ireland customers while also supporting the company's global sustainability plans along with creating jobs directly and supporting the West Midlands' supply chain. Email newsletters BusinessLive is your home for business news from across the West Midlands including Birmingham, the Black Country, Solihull, Coventry and Staffordshire. Click through here to sign up for our email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates. We will also send out 'Breaking News' emails for any stories which must be seen right away. LinkedIn For all the latest stories, views and polls, follow our BusinessLive West Midlands LinkedIn page here. The Peddimore site at Minworth has been designated specifically for manufacturing and logistics uses and is part of a long-running regeneration and development project. Infrastructure including a new access road and roundabout is already in place which serves the new Amazon warehouse which opened last year next to where Rockwool's new factory will be. The manufacturer said it would launch a consultation in the coming weeks over its plans including information events for the local community to learn more about its proposals and the business in general. It will then submit a planning application to Birmingham City Council. This would be the company's second UK production facility in addition to its existing Bridgend plant. UK and Ireland managing director Nick Wilson said: "We're very excited at the opportunity to expand the business into the West Midlands that would enable us to boost our production capacity in the UK and to create quality jobs and business opportunities in the local community. "During the past 45 years, we have built a strong foundation at our site in South Wales where we will continue to manufacture and invest for the long-term and are now looking to build on that success with a second manufacturing plant at the Peddimore site. "The West Midlands has a skilled, local workforce, a strong manufacturing tradition and excellent transport links so it is an ideal location for us to expand our business in the UK and bolster our service to customers in the Midlands and across the north of England and Scotland.

Latest apartment complex completes in Birmingham

Work on almost 400 new apartments has reached practical completion, marking the end of the first phase of a major new residential scheme in Birmingham. Loudon's Yard in Edgbaston has been delivered by Moda Living and contains 398 units to rent, ranging from studios to three-bedroom apartments, along with 14,000 sq ft of amenities including a gym, private dining room, co-working space and communal gardens. There is a concierge service and a programme of events and services run by an on-site team. Harrogate-based Moda Living said the design and materials used in Loudon's Yard were inspired by the nearby Birmingham Botanical Gardens. Its name is inspired by Jane Loudon, the Birmingham-born author who published gardening books and whose husband John designed the botanical gardens. Email newsletters BusinessLive is your home for business news from across the West Midlands including Birmingham, the Black Country, Solihull, Coventry and Staffordshire. Click through here to sign up for our email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates. We will also send out 'Breaking News' emails for any stories which must be seen right away. LinkedIn For all the latest stories, views and polls, follow our BusinessLive West Midlands LinkedIn page here. Delivery of phase one, which started to welcome its first residents earlier in the summer, created 5,569 weeks of local employment, including 31 apprentices and eight placements from local universities and colleges. The main construction contractor was Northampton-based Winvic. Loudon's Yard is part of the wider New Garden Square masterplan on land bordered by Hagley Road and Beaufort Road which could eventually comprise 2,400 homes, £6 million worth of public realm and other commercial space across 11 acres. The second phase of the masterplan received planning permission in August and will have a 37-storey building containing 462 apartments to rent and amenities including a roof terrace. New Garden Square is being delivered in partnership with Calthorpe Estate, the historic, family-owned Birmingham property group which owns large swathes of land in the Edgbaston district. Andrew Parker, managing director of development for Moda Living which is also operating the scheme, said: "It's fantastic to have reached practical completion at Loudon's Yard. "It marks just the beginning of our partnership with Calthorpe Estates for the New Garden Square masterplan which will deliver outstanding new homes and spaces that will transform this part of Birmingham for the long term." Moda Living is behind other projects in Birmingham including the 42-storey Mercian in Broad Street and a project currently under construction on the former Ludgate Hill Car Park in the Jewellery Quarter. Haydn Cooper, chief executive of Calthorpe Estates, added: "The completion of Loudon's Yard represents an exciting milestone for Edgbaston and it's a proud moment for us at Calthorpe Estates to see our partnership with Moda Living bring this vision to life. "We look forward to continuing to create exceptional places with Moda as part of the New Garden Square masterplan." Mark Jones, managing director for multi-room at Winvic, said: "Reaching practical completion at Loudon's Yard is a proud milestone that reflects the dedication of our team and supply chain partners. "This 398-home community not only brings new housing and amenities to Edgbaston but has also created valuable employment and training opportunities for local residents and young people.