Commercial Property Business News
Flagship Studley Point lands major letting to ENER-G plcOne of the biggest office lettings along the M42 corridor this year has been completed at Studley Point, Warwickshire where over half of the office development (10,175 sq ft) has been let to sustainable and renewable energy group ENER-G PLC.
GVA Grimley expands existing office space at Three BrindleyplaceGVA Grimley’s Birmingham office has demonstrated considerable confidence in the Midlands’ property market with the signing of a deal to expand its existing office space by 6,660 sq ft from August, bringing its total occupation at Three Brindleyplace to 33,260 sq ft.
DTZ and LSH deliver for FedEx in NottinghamThe Nottingham office of leading global real estate adviser, DTZ, together with joint agents Lambert Smith Hampton (LSH), has successfully let a unit on Queens Drive Industrial Estate to FedEx UK Limited. The express delivery specialist has taken a five year lease on a phased rental basis.
RSC project on schedule for opening nightThree and a half years into its role as Programme and Project Manager to the Royal Shakespeare Company for the Transformation of the Royal Shakespeare Theatre, Drivers Jonas Deloitte continues to keep the landmark project on schedule.
Triple deal score for HebProperty agent heb has secured three deals in West Bridgford – which they say proves the suburb is thriving.
DTZ secures Telford industrial complex saleProspect Estates Ltd has acquired the freehold of Halesfield Seven in Telford in a deal brokered by joint agents, DTZ, Bulleys and Colliers International. The sale, worth £1.83m, represents the largest industrial deal in the town this year and will see the 15.63 acre site sub-divided to create a new industrial estate known as Epic Park.
MSS Lasers moves into Prospect Park, Rugby MSS Lasers is the latest high profile business to relocate to a new headquarters at Prospect Park, Cedar House Investments’ successful industrial warehousing scheme in Rugby.
Caterpillar makes tracks to Nexus in MidlandsThe Birmingham office of Cushman & Wakefield has completed one of the biggest office deals so far this year with the letting of 12, 013 sq ft (1,116 sq m) space at Blythe Valley Park, Solihull.
Birmingham based Lambert Smith Hampton's high fliersAlex Hanna and Tim Holtham, surveyors from the Birmingham office of national commercial property consultancy, Lambert Smith Hampton (LSH), threw themselves out of a plane last month in a bid to raise money for the children’s medical research charity, SPARKS (SPort Aiding medical Research for KidS).
Fifth tenant for Eleven BrindleyplaceArgent has completed a hat trick of new lettings in the last month at Eleven Brindleyplace with the announcement that specialist professional recruitment consultancy Robert Walters is to become the building’s latest tenant.
New lease of life for former Reverb storesCommercial property consultancy Lambert Smith Hampton (LSH) has secured new owners for the Leicester store of the collapsed music chain Reverb, just six months after its demise.
Planning given go ahead for £125 million Regal TowerBirmingham City Council has today unanimously resolved to grant planning approval for Regal Tower, a 200m high mixed-use building situated on the corner of Broad Street and Sheepcote Street. Thought to be the highest building outside of London, the scheme will be developed by Midlands based developer, Regal Property Group.
Head of Office appointment for Lambert Smith Hampton's Birmingham teamThe Birmingham office of national commercial property consultancy, Lambert Smith Hampton (LSH), has appointed Ian Kibble as Head of Office, where he will also lead the Agency team. Ian is taking over from Terry Corns, who has headed up the Birmingham office for five years, and is now retiring from this role.
Kintetsu gives boost to Derbyshire marketKintetsu World Express (KWE) has provided Derbyshire’s commercial property market with a major boost this week by reaffirming its commitment to its regional headquarters in Castle Donington.
Midlands firm Shuldham Calverley announce new merger on their 21st birthdayShuldham Calverley chartered surveyors of Retford, an established force in rural commercial and residential property in North Nottinghamshire and the surrounding counties, is marking its 21st birthday by merging with midlands based Fisher German chartered surveyors to create an even stronger presence in the area.
Midlands firms benefit from 'science alliance' in NG7Within weeks of being instructed by the city council to market Nottingham Science Park, heb successfully let an additional 5,100 sq ft of space to Romax Technology, the world leading driveline engineering consultants.
Birmingham Office Market Forum 2010 Map LaunchThe launch of the third central Birmingham office market map, created as part of an initiative by the Birmingham Office Market Forum (BOMF), took place recently at Opus Restaurant in the City’s Colmore Business District, demonstrating private and public sector co-operation at its best.
Mansfield's Rok Valley SoarsRock Valley, the Mansfield based industrial business park that just two years ago was the crumbling site of a double glazing firm, is now a thriving hub of small business activity, according to its owner Arv Soar.
RNLI Docks at Quartz Point in SolihullThe Royal National Lifeboat Institution (RNLI) is making a splash in Solihull by becoming the most recent tenant to take space at Quartz Point, SPREFS new £9 million office development.
HQ move for Midlands based AdsisGladman Developments has completed another office deal in Stafford, with the sale of a 2,250 ft² high specification, purpose-built self contained office at Staffordshire Technology Park.
Stockbrokers invest in new Midlands premisesWilliams de Broë Ltd, a leading firm of investment managers and wholly owned subsidiary of the Evolution Group plc, has acquired approximately 5,200 sq ft on part second floor at Colmore Plaza in Birmingham.
Engineering company set to thrive in StudleyEngineering company Hawk Industries, one of the UK’s largest independent turned parts manufacturers, has moved into Studley to a factory that will enable it to consolidate recent expansion.
Midlands based LSH witnesses signs of improved occupier activityWhile occupier activity across Nottingham is still at a very low level - some 20 per cent down on the same figure last year - there are a small number of encouraging signs of improvement, according to Phil Quiggin, Head of Office Agency at national commercial property consultancy, Lambert Smith Hampton’s (LSH) Nottingham office.
Viva Espana for WakemansProperty and construction consultancy Wakemans has expanded its portfolio of projects with budget hotel chain Travelodge and announced that it is advising on three major new hotels in Spain, as part of a European expansion programme.
King Sturge advise last chance for appeal to claim back ratesCommercial property owners who are facing tougher trading conditions in 2009 should not waste the opportunity to appeal against the 2005 Rating List issued by the Valuation Office before the deadline of 31 March 2010, according to the Rating team at King Sturge.
Year's Largest Distribution Deal Lands In The MidlandsKing Sturge’s Birmingham office has completed the largest Midlands’ distribution deal this year, with the acquisition of three warehouses at Hams Hall National Distribution Centre, Coleshill, totalling £34.825 million.
Plans for 200m Regal Tower submittedAn outline planning application for what could be the city centre’s tallest building, Regal Tower, has been submitted to Birmingham City Council by developers Regal Property Group.
Market Warms To New LendingThe summer may have been a wash out, but Peter Clarke, King Sturges’ valuations partner says there is a ray of sunshine in the lending market if only there was more product.
Central Location Keeps OCLC In The CityBirmingham’s accessibility has led 54 Hagley Road to achieve another letting at the Edgbaston based Grade A scheme, luring an occupier across the road to its £15 million refurbished offices.
Lights, Camera, Action For HortonsBirmingham’s property community has been out in force raising money for charity, putting its knowledge of movie trivia to the test in a film-themed charity quiz.
Showcase of excellence in EdgbastonAward-winning property developer and investor Calthorpe Estates hosted a showcase of excellence demonstrating why Edgbaston is the best place to live and work.
Hortons steps up patronage to the artsOne of the city’s most traditional property companies is extending its commitment to the local arts scene, with the launch of a scholarship at a leading dance school.
Mundys Homes In On Major Property AwardMundys estate agency in Lincoln is delighted to announce that it has won a prestigious Daily Mail UK Property Award for the ‘Best Estate Agency in Lincolnshire’ for the second year running
CBRE Launches Urban Snap AwardsCB Richard Ellis, the world’s largest commercial property adviser, today launched the 2009 Urban Photographer of the Year Award, which is designed to capture the essence of urban life.
LSH Warns Occupiers about The Burden Of Surplus Property With a continuous stream of second-hand stock returning to the market as a result of downsizing, corporate failures, and mergers and acquisitions, national commercial property consultancy, Lambert Smith Hampton (LSH) has warned businesses not to become complacent and underestimate the difficulties involved in disposing of unwanted accommodation.
Four Surveyors and a MarketeerThe Leicester office of national commercial property consultancy, Lambert Smith Hampton (LSH), announced this week that it is aiming to raise £1,500 for children’s medical research charity, Sparks.
City Mall defies rise in Retail VacanciesBirmingham City centre mall Paradise Forum is bucking Birmingham’s rise in vacant retail units with the announcement of two new lettings in the popular thoroughfare.
Colliers CRE settles into Eleven BrindleyplaceThe team from Colliers CRE’s Birmingham office took a well deserved break from unpacking boxes yesterday to officially celebrate their move to new office building Eleven Brindleyplace.
De Montfort University instruct LSH to dispose of surplus accommodationDe Montfort University (DMU), one of the UK’s most dynamic Higher Education institutions, has instructed national commercial property consultancy, Lambert Smith Hampton (LSH) to bring to the market more than 70,000 sq ft of accommodation located close to its main campus on the fringe of Leicester city centre.
REI completes £2.2m Latitude dealReal Estate Investors plc (REI), Paul Bassi’s quoted investment property vehicle, has completed the acquisition of a new retail parade of 11 units in the heart of Birmingham for £2.2 million in cash.
Shropshire rural Business Centre bucks recessionA Shropshire-based country estate has seen 75% of its Business Centre office units filled, despite the economic downturn. Following its launch in October 2008, the Brynkinalt Business Centre, has attracted a diverse range of businesses seeking an alternative to town and city centre offices.
Telford Technology Park launched to marketThe launch of the newly rebranded Telford Technology Park is set to boost innovation in technology in Telford and help secure the future of the town’s economic growth in the sector.
Landlords urged not to be green about sustainabilityWhilst sustainability may have eased down the agenda for occupiers, Elle Cass, planning partner at King Sturge says developers still need to think green for future new-build and refurbished schemes if they don’t want to loose out.
St. Modwen deals boost for East Midlands marketThe UK’s leading regeneration specialist, St Modwen, has given the East Midlands’ commercial property market a boost with the announcement that it has completed deals on more than 55,000 sq ft of commercial space across the region since the beginning of May, including a £2.4 million long leasehold sale and three lettings.
New Look for Birmingham’s Media CentreFirst House, one of Birmingham’s most well known professional office buildings – and former regional news studio for TV AM – has completed a major refurbishment.
North Nottinghamshire's fortunes are changing for the betterSean Bremner, Head of Industrial & Logistics at national commercial property consultancy, Lambert Smith Hampton’s (LSH) Nottingham office, explains how recent developments and the region’s core characteristics are changing North Nottinghamshire’s fortunes for the better.
Gallan Group celebrate completion in CannockGallan Group has completed the first phase of its high profile £20 million Gallan Park mixed-use scheme on Watling Street, Cannock – a 70,000 sq ft industrial warehouse pre-let to German forward freight giant Rhenus Logistics.
Evening viewings make life easierLighthouse Property Services is making life easier for prospective tenants in Lincoln by offering evening property viewings throughout the week.
Rare opportunity to become a tenant at Ransom WoodFrom the 1st of August there will be a rare opportunity for companies looking for unique new premises to lease up to 12,500 sq ft of high quality open plan offices in The Willows at Ransom Wood in Mansfield.