Market Update Q1
After a subdued 2025, the construction market was beginning to stabilise, with confidence improving and selective schemes returning. However, this progress now sits alongside renewed uncertainty in energy markets and geopolitics.
This Month's Contributors
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Michael Urie
Michael is part of G&T’s market research team, leading market analysis and tracking key trends in the construction industry.
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Jessica Pennell
Jessica is a Director within G&T’s Project Management business, delivering complex fit-outs, refurbishments and mixed-use developments across London.
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Jack Lewis
Jack joined G&T as a graduate in 2018 and has since built a strong reputation for delivering clear, commercially focused advice across commercial, retrofit, life science, and masterplanning projects.
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Theo Constantinides
Theo joined the firm in 1998 and specialises in the Hotel and Hospitality sector, providing strategic cost and procurement advice.
A Renewed Commitment: Investing in Public Value
As 2026 unfolds, public sector clients are reassessing not just what they invest in, but how investment decisions are made.
By Iain Campbell
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Strategic Reinvention: Rethinking Value Across the Existing Commercial Estate
Strategic Reinvention: Rethinking Value Across the Existing Commercial Estate
By Andrew Browne
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Reset and Rebalance: What Will Shape Construction in 2026?
Reset and Rebalance: What Will Shape Construction in 2026?
By Daniel Wynne
The Two Greatest Challenges of Converting Offices into Hotels
With more than 3 million sq ft of office space acquired for potential hotel conversion, adaptive re-use is accelerating. Two fundamental challenges continue to shape feasibility, cost and long-term viability.
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Scaling Timber: How Supply Chain Confidence Is Enabling Low-Carbon Delivery
Scaling Timber: How Supply Chain Confidence Is Enabling Low-Carbon Delivery
By Oliver Booth
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Mass Timber and Insurance: Understanding the Risk to Unlock the Opportunity
Mass Timber and Insurance: Understanding the Risk to Unlock the Opportunity
By Matthias Holman
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Revisited: Mass Timber Commercial Developments – What do you need to know?
Revisited: Mass Timber Commercial Developments – What do you need to know?
By Michael Urie
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Leasing and Sales of Mass Timber Offices
Leasing and Sales of Mass Timber Offices
By Michael Urie
Delivering Efficient and Sustainable Infrastructure in Ireland: From Fragmentation to Coherence
Ireland’s commitment to a low-carbon, climate-resilient future demands nothing short of a national transformation—across energy, transport, industry, and the built environment.
By Michael Urie
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Rail Infrastructure: Transforming Ireland’s Network by 2050
Rail Infrastructure: Transforming Ireland’s Network by 2050
By Michael Urie
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Powering the Future: Modernising Ireland's Energy Infrastructure
Powering the Future: Modernising Ireland's Energy Infrastructure
By Michael Urie
Net Zero and the Built Environment: Where Does It Go From Here?
It is hard to underestimate the changes we have seen in the last five years with the creation of net zero carbon frameworks and the growth of ESG. Arising at the same time, net zero carbon and ESG more broadly have begun to fundamentally alter the construction and operation of buildings.
By Richard Francis
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Existing Buildings and Carbon Performance: Managing the Opportunities.
Existing Buildings and Carbon Performance: Managing the Opportunities.
By Richard Francis
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New Buildings and Net Zero: Embodied Carbon is the Next Battleground
New Buildings and Net Zero: Embodied Carbon is the Next Battleground
By Richard Francis
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The Future of ESG: What Is the Role of Plant-Based Places?
The Future of ESG: What Is the Role of Plant-Based Places?
By Richard Francis
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Bio-based buildings: 'The route to market would be a cautious one'
Bio-based buildings: 'The route to market would be a cautious one'
By Richard Francis
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Bio-Based Buildings: 'Nature is the template for what we increasingly expect from building operations'
Bio-Based Buildings: 'Nature is the template for what we increasingly expect from building operations'
By Richard Francis
