KOHLER JOINS THE UK’S LARGEST BUILD TO RENT DEVELOPMENT AT WEMBLEY PARK

Cheltenham-based Kohler, part of Kohler Mira, has been awarded a contract to supply bathroom and kitchen products for residential properties in the largest build to rent development on a single site in the UK, at Wembley Park, London.

The 85-acre site, being developed by Quintain, forms the largest Kohler project of its kind in Europe, where the manufacturer will supply more than 55,000 individual components.

The residential buildings will be managed by Tipi, Quintain’s lifestyle rental brand.

Kohler, a global manufacturer of kitchen and bathroom sinks and showers, will have its products in more than 4,200 bathrooms and 1,200 kitchens.

Mary Kelly-Mannion, Head of Procurement for Quintain, said: “Working with Kohler has been a great experience because we have formed a partnership of mutual design understanding.”

As part of its partnership with Quintain, Kohler has custom-designed and manufactured a bathroom basin especially for Wembley Park.

Delphi Technologies sold to American manufacturer for $3.3 billion

Delphi Technologies, which sells its propulsion technologies worldwide, is being bought by USA-Based BorgWarner, a global product leader in clean and efficient technology for combustion, hybrid and electric vehicles.

Delphi has a major manufacturing site at Stonehouse in Gloucestershire where more than 1,000 people are employed.

The sale values Delphi Technologies at approximately $3.3 billion.

BorgWarner says that the acquisition will strengthen the company’s power electronics products, capabilities and scale.

Frédéric Lissalde, President and CEO of BorgWarner, said: “Delphi Technologies will bring proven power electronics technologies, talent and scale that will

Housing company retains top credit rating

One of the South West’s largest housing associations has preserved its leading A+ credit rating after being praised for its “very strong liquidity” and “exceptional asset quality”.

Bromford, which owns or manages thousands of homes across Gloucestershire and South Gloucestershire, received the continued endorsement from S&P Global after the rating agency acknowledged the landlord’s strong financial performance.

complement our hybrid and electric vehicle propulsion offerings.”

He added, “We have a great deal of respect for Delphi Technologies’ team around the world and look forward to welcoming them to BorgWarner.”

Richard Dauch, CEO of Delphi, said: “Delphi Technologies’ portfolio is highly complementary to BorgWarner’s and together we plan to create a pioneering propulsion technologies company uniquely equipped to serve original equipment manufacturers and aftermarket customers around the world.”

The deal is expected to complete later this year, subject to approval by Delphi Technologies’ stockholders, and receipt of regulatory approvals.

The announcement comes a month after S&P confirmed it was revising Bromford’s rating outlook to stable from negative, reflecting its overall revision of the UK sovereign credit rating and the housing association’s focus on a greater delivery of social and affordable housing.

S&P also pointed to Bromford’s revised new homes plan which aims to deliver more than 13,000 new homes by 2028 and has been strengthened through its strategic partnership with Homes England.

Imran Mubeen, Bromford’s Head of Treasury, said: “We are really pleased to yet again preserve our A+ rating which is testament to our focus on maintaining our strong credit profile against a backdrop of increased levels of debt and a significant acceleration in our housebuilding programme.”