Estée Coulthard-Boardman of FHP Property Consultants is delighted to announce the letting of Unit 17.2 Amber Business Centre in Riddings to Evolve Security Risk Management Limited on behalf of our client, Mileway.

The unit comprises 747ft² of industrial/warehouse accommodation within a large fenced and gated site. Amber Business Centre is a popular and well-established distribution and manufacturing estate located in Riddings, Alfreton, providing circa 47,240ft² of warehouse space. The estate is easily accessible to the A38 and A610 dual carriageways and thereby junctions 26, 27 and 28 of the M1.

Estée Coulthard-Boardman of FHP Property Consultants comments:

“I am really pleased to have achieved another great result for my client on this estate. The demand for industrial units of this size and location is at record levels, so much so that this offer was agreed within a couple of days of putting the property on the market.

Evolve Security Risk Management Limited have taken a new lease on a 5-year term, but it didn’t come to them easily! At initial viewing stages, the new tenant was in competition with six other parties and managed to secure the unit by putting forward the best offer. This high demand is certainly reflecting itself in the rental value, achieving just shy of £10 per ft² on this letting, the highest value we have seen on this estate.”

For further information on this deal, or to discuss the disposal of your industrial premises, then please contact

Estée Coulthard-Boardman on 01332 224 853 / estee@fhp.co.uk.

ENDS

Estée Coulthard-Boardman

16 June 2021

FHP acting on behalf of Panattoni have confirmed that they have negotiated the purchase of a key 31 acre site at Junction 28 of the M1, agreeing terms to purchase the site from Lincoln based Limes Developments.

The site which is now named Panattoni Park, Junction 28, Central M1 is the latest addition to Panattoni’s UK portfolio with Panattoni having recently announced its commitment to build over 3,000,000ft² of speculative space in the UK this year.

The two unit scheme is anticipated as providing 345,000ft² within Unit 1 and 230,000ft² within Unit 2, both of which are due to be completed in Q4 2022.

Panattoni Park, J28 sits adjacent to the existing distribution estates being accessed directly from the A38 less than 1 mile north east of the M1 junction.

The J28 location has grown to be recognised as the largest concentration of distribution space in the northern part of the East Midlands, 16 miles to the north of Nottingham (approx 20 minute HGV journey), 19 miles north east of Derby and some 22 miles to the north of East Midlands Airport and the intersection of the M1, A50 and A42.

J28 is already the home to a number of substantial occupiers including Amazon, XPO, Co-op Food, Eurocell and most notably Alloga UK who have approximately 1 million square feet under roof and who have also recently taken a building from Panattoni at Derby 370.

Both buildings at Panattoni Park, J28 will be built to a BREEAM rating of Very Good and will achieve an EPC A rating, having 15m clear internal height and 50m yards.

Andy Preston, Development Director at Panattoni, confirmed:-

“We are delighted to announce this acquisition in this established location.  J28 has been on our wanted list for a while and we are delighted to have secured a site so close to the motorway junction.

We are seeing strong demand for Grade A accommodation across the whole of the Midlands and see Panattoni Park as the perfect fit within our expanding portfolio to complement our site at Derby where we are building our latest DC of 515,000ft² and our recently completed schemes at Nottingham and East Midlands Distribution Centre, J24, M1”.

The site was acquired from Limes Developments and Marcus Jolly of Limes Developments confirmed:-

“We are delighted to have agreed terms with Panattoni.  This is our first foray into the major logistics sector of the market as we originally conceived the site for retail development.

Panattoni’s proactive approach and open book policy on helping us evolve and deliver the outline planning consent demonstrates why they have rapidly become the leading logistics providers within the UK.

It is anticipated that work on the site will commence in Q1 2022 with the scheme having the ability to create circa 900 jobs”.

John Proctor of FHP advised Panattoni in the negotiations with Limes and FHP have been appointed as Letting Agents on the scheme.  John Proctor confirmed:-

“Panattoni were the ideal partners for Limes as this site needed to be proactively brought forward and delivered.  Limes had originally evolved the scheme as an out of town retail park but the change in market circumstances meant that the key anchor retailers that they had targeted were no longer in a position to be able to commit to the site which gave the opportunity for Panattoni to be able to demonstrate to Marcus that the growth within the logistics sector could provide the appropriate underwriting to enable a viable scheme to be brought forward and delivered through a single phase of speculative development”. 

 The site complements Panattoni’s existing completed and ongoing portfolio within the region and follows their successful 714,000ft² development at their Nottingham site, the ongoing development at Derby where they are building 515,000ft² following their recent letting of 370,000ft² to Alloga and most recently their announced and confirmed letting to Buy It Direct at the 523,000ft² unit which they developed with AEW at East Midlands Distribution Centre, Junction 24, M1.

Contact either John Proctor (07887 787 880) or Tim Gilbertson (07887 787 893) for more details on the scheme.

Acting on behalf of Clowes Developments (UK) Limited, FHP have confirmed that they have negotiated the sale of six logistics facilities within the East Midlands region in a landmark deal worth circa £100 million with UK insurance giant NFU Mutual.

The deal will deliver six new Grade A logistics facilities, five of which will be speculatively built with the sixth being a new pre let facility.

The six buildings total in excess of one million square feet and are located across three of Clowes Developments’ distribution sites at EMDC, J24, M1, Castlewood, J28, M1 and Centrix Park in Corby.

The smallest of the units is a detached unit of 58,586ft² at Centrix Park, with the largest being a unit of circa 250,000ft² at EMDC.

Included in the package is a new 162,500ft² facility being developed at Centrix Park for Deichmann Shoes and construction has started onsite with Deichmann due to take occupation of their new facility in January 2022.

Clowes have submitted detailed Planning Applications for the remaining five units and are aiming to be onsite in July to enable all five facilities to be completed in the Summer of 2022.

The development of the two units at Corby sees Clowes having fully developed their 39 acre site which has also attracted BakeAway, MKM Building Supplies and several national trade counter retailers.

At Castlewood Business Park, J28, M1 two units are being developed – Plot 1 provides a unit of 176,817ft² with a unit of 134,192ft² being developed on Plot 8.

These sites are the last two remaining large plots on Castlewood Business Park at Junction 28 which has been the most successful distribution site in the area, attracting high profile occupiers including Co-op Food, Alloga and the specialist furniture manufacturer, Parker Knoll.

At East Midlands Distribution Centre (EMDC) Clowes are delivering a unit of 189,573ft² on Plot 3a and a unit of 249,418ft² on Plot 3b.

EMDC is accessed from the A50(T) and J24 of the M1 and has attracted the one million square foot e-commerce M & S distribution centre in addition to the UK HQs of both Moran Logistics and one of the largest e-commerce furniture providers, Birlea Furniture.  These two deals mean that there are two sites remaining at EMDC.

James Richards, Director at Clowes Developments, commented:-

“This deal is of huge significance to the group, for NFU to entrust a significant amount of capital in Clowes Developments is recognition on how far the group has come.  This deal is by far the biggest transaction that we have concluded as a group to date but we have other deals in the pipeline and this is an exciting time for the company.

It is said repeatedly but with little emphasis of its significance that the success of a deal is down to teamwork.  I can wholeheartedly say that our in house teams at Clowes HQ, dedicated legal representatives Heather Dixon and Chris Hawrylak, our Architect Ben Hall at IMA Architects and our Agent, John Proctor at FHP Property Consultants, have all played a vital role in getting this deal over the line”.

Paul Shanley, who handles the site at EMDC, added:-

“The deal with NFU Mutual is a departure from our group’s normal internal funding arrangements, primarily due to the size of the proposal.  The financial strength of our group and reputation for delivery was a major factor in us being approached by NFU Mutual.  It soon became apparent that we share similar values and ideas, resulting in agreement to move forward together.  We set our joint teams a tight timescale to get the deal over the line and thanks to a total commitment from all of the team involved we have made it happen in record time”.

The Planning Applications have been prepared and are submitted to enable us to be onsite this Summer delivering good quality big shed stock into the market for the Summer of 2022”.

Jon Brice at NFU Mutual added:-

“NFU Mutual are delighted to be working with Clowes Developments to bring through the development of these six prime industrial buildings in three prominent locations around the M1.  This project forms a key part of NFU Mutual’s strategy and we are excited to be partnering with Clowes Developments to deliver best in class space into the market.  I too would also like to thank our team which included our Solicitors, Gowlings WLG, Project Managers PSK and our Property Advisors, Burbage Realty”.

FHP and Burbage Realty have been appointed as Joint Agents acting on behalf of NFUM as Joint Letting Agents and more information is available on the buildings by contacting John Proctor or Tim Gilbertson at FHP and Tom Kimbell and Cameron Mitchell at Burbage Realty.

On behalf of clients, PMW Property, we are delighted to announce that Unit D, Salcombe Court in Alfreton has been let to Mert Investments Limited on a new 5 year lease term at the quoting rent.

Victoria Wrigley of PMW Property added:-

“We are glad to have concluded this letting and pleased to have agreed competitive lease terms.  Our portfolio in the Alfreton area is almost back to full occupancy with another site currently under offer and due to complete shortly.”

Chris Proctor and Tim Gilbertson of FHP Property Consultants commented:-

“At the start of 2021, we had a couple of existing warehouses available between 10,000ft² and 40,000ft² around Junction 28 of the M1.  All of these options have either been let or are under offer, which again leaves us in a position actively looking for further stock to market as we remain in conversation with a number of occupiers keen to find more space either to rent or buy in and around Junction 28 of the M1.

Once again, it has been a pleasure working with our clients, PMW Property, and we look forward to working with them again in the near future.”

For further information, please do not hesitate to contact Chris Proctor (07747 464 770 / chris@fhp.co.uk) of FHP Property Consultants.

ENDS

Chris Proctor

Associate Director

11 June 2021

Caisson Investment Management Limited, working in partnership with Barwood Capital, acquired Swinstead Close Industrial Estate in 2019.  They have subsequently implemented a strategic refurbishment of the estate, which has led to a total of six lettings concluded by FHP Property Consultants working with Joint Agents Commercial Property Partners (CPP). The new tenants include Lighthouse Display, who obtained three units, Gracie Barra Limited, City Fibre Limited and most recently the letting of Unit 7 Swinstead Close to Exact Precision Engineering Limited.  The total space let since Caisson Investment Management acquired the estate extends to over 30,000ft^² and the lease lengths extend to over five years certain with the new tenants.

Dan Maynard of Caisson Investment Management commented:-

“This has been a fantastic acquisition with our JV partners, Barwood Capital.  When we acquired Swinstead Close, it was in a sorry state, with vacancy running at 60%.  Today, we have a fantastic mix of tenants and the estate is unrecognisable.  Kudos to both of our agents, who have worked very hard to achieve this.  We now need another estate in Nottinghamshire!”

Chris Proctor of FHP Property Consultants, commented:-

“This has been an excellent news story, having originally taken a call from James Burgess at Caisson Investment Management to provide occupational advice when they were looking to acquire the site, through to working with Dan Maynard and Barwood Capital on the refurbishment of the estate and the re-lettings.  The estate now sits fully occupied with new headline rents, long term leases and an excellent professional looking industrial estate.”

Stuart Waite of CPP commented:-

“The estate has been completely transformed by our client since they acquired it back in 2019, enabling us to promote good quality industrial stock in a market starved of supply.  Reaching full occupancy and setting a new headline rental tone for comparable stock in the process is a real endorsement of our client’s decision to comprehensively refurbish the estate.”

For further information on the deals or to discuss your property requirements, please do not hesitate to contact Chris Proctor of FHP Property Consultants on 07747 464 770 or email chris@fhp.co.uk.

ENDS

Chris Proctor

Associate Director

25 May 2021

Railway View Business Park, Clay Cross, Chesterfield has been developed by Marroe Developments and Roe Developments with over 100,000ft² completed and now fully sold and let.  The site includes nine occupiers from a range of different backgrounds including both national and local occupiers on the estate.

David Roe of Roe Developments commented:-

“It has been fantastic to deliver much needed space to North East Derbyshire, and I am delighted to have concluded all sales and lettings on the site now with an excellent mix of occupiers and a real atmosphere on the estate.  I am pleased to say we have started on site at Wingfield View just a stone’s throw away from this site and already receiving strong interest from occupiers.”

Chris Proctor of FHP Property Consultants, who brokered the deals, commented:-

“Marroe Developments have produced a high-quality estate which has been well received by the local market. I am delighted to say we have two further sites in Clay Cross, Chesterfield in the pipeline with the first phase of units at Wingfield View under construction and available in August 2021.  This initial phase on Wingfield View is fully under offer, which is testament to the continued demand in the area for good quality space, and we hope to deliver more space in 2022.”

For further information, please do not hesitate to contact Chris Proctor on 07747 464 770 or email chris@fhp.co.uk of FHP Property Consultants.

ENDS

Chris Proctor

Associate Director

21 May 2021

Having acquired this site for Rotherhill Developments, FHP are immensely proud that we proceeded to let the unit and then dispose of the investment.

The site is located on Daniels Way, Hucknall and was purchased from Administrators.  Rotherhill Developments submitted a planning application once purchased to subdivide the existing building into a terrace of three smaller units and to deliver up to six new build business units within the extensive yard area.

Following site clearance and partial demolition, FHP commenced marketing and generated significant interest.  GEOAmey PECs Limited came forward as a single occupier, requiring a full refurbishment of the existing building, the creation of new high-specification first floor office accommodation and a warehouse extension.  Following the works and lease completion, the investment was sold ahead of asking price.

Anthony Barrowcliffe of FHP Property Consultants commented:

“This was a fantastic instruction to work on from the start and shows how a plan can be executed.  It demonstrates the continued demand for high quality industrial units and industrial investments.  

There remains significant unfulfilled occupational requirements in Hucknall, Linby, Basford, Bulwell and indeed the Greater Nottingham area.  FHP would be delighted to speak with industrial property owners with vacant space and upcoming vacancies so that we can provide dedicated, site specific advice and deliver a strategy that maximises returns.”

Ed Jeffrey of Rotherhill Developments commented:

“Our thanks go to FHP and Anthony for their assistance in securing GEOAmey as occupier and to Commercial Property Partners who acted jointly with FHP in the disposal of the investment.  This project demonstrates Rotherhill’s flexible approach, establishing a range of development options and then delivering based upon the interest received.  We worked closely with GEOAmey to develop a high-specification building that future proofs their business and created an attractive investment product.”

For further information on this transaction or to see how FHP can help you with any commercial property matter, please contact Anthony Barrowcliffe on 07917 576254 / anthony@fhp.co.uk,  Mark Tomlinson on 07917 576254 / mark@fhp.co.uk.

Not cricket! Chris Proctor and Anthony Barrowcliffe have completed 120 industrial deals in the past 12-months.

Everyone is fully aware of the strength of the industrial, warehousing and logistics market currently. Chris Proctor and Anthony Barrowcliffe of FHP’s Industrial Agency Team have experienced the strength of this market first-hand having completed over 120 sales and lettings in the past 12 months between the two of them, which is a remarkable figure averaging at 10 completed deals per month (the full list can be found below).

Chris Proctor, Associate Director commented:-

“Anthony and I have a good partnership covering the small to medium sized industrial sector across the East Midlands. The last 12 months have been a complete whirlwind, and I am now in a position where new stock is desperately needed to sell and let with the majority of my instructions now being new build properties that are not ready for occupation yet.”

Anthony Barrowcliffe added:-

“We have such a strong database of requirements with a number of good quality businesses still in the market looking. If you’re in the market please get in touch and we will make sure any new instructions or options are sent your way.”

For further information, please do not hesitate to contact Chris Proctor (07747 464 770 / chris@fhp.co.uk) or Anthony Barrowcliffe (07557 972 008 / anthony@fhp.co.uk) of FHP Property Consultants.

ENDS

11 May 2021

Clowes Developments have been granted planning consent to speculatively build out phase 2 of Forbes Park, Long Eaton.

Erewash District Council have given the green light for 3 speculatively built units totalling 45,000ft². The standalone units will be located on the left-hand side of the main entrance. The units will be jointly marketed by agents NG Chartered Surveyors and FHP Property Consultants. The two front units (A & B) are already under offer with interest gaining momentum on the other unit, Unit C, a detached unit of 2,364m² (25,445ft²) with excellent specification and external yard space.

The contractor Roe Developments are already onsite having recently completed the earthworks in readiness to start building phase 1 of the development known as Forbes Court which offers a total of 32,562ft² across 11 trade / industrial / warehouse units. Interest in the entire scheme is so high that Blocks D & F have already been snapped up and will see occupiers, including national retailer, Toolstation, trading as early as Quarter 4, 2021.

Chris Proctor of FHP Property Consultants commented:-

“More space becoming available at Forbes Park is great news for the market at a time when we continue to see remarkable levels of demand across all sizes and spheres of the East Midlands commercial property market from both tenants and potential purchasers alike. Hats off to Clowes for proactively building much needed stock speculatively across the region.”

For further information, please do not hesitate to contact Chris Proctor of FHP Property Consultants (07747 464 770 / chris@fhp.co.uk) or our joint agent Richard Sutton of NG Chartered Surveyors (07977 121 340 / richards@ng-cs.com).

ENDS

Chris Proctor

Associate Director

7 May 2021

Yet again the industrial sector shows its strength with 7 viewings conducted, 4 offers received and terms agreed all within 2 weeks of launching the marketing of 53A Carlton Road, Carlton, Nottingham.

The interest received was incredible and continued to come in whilst legals were progressing and after completion. This unit is exceptionally well located on Carlton Road and was fitted out for a car operator to commence trading immediately.

The landlord undertook a full refurbishment as per my advice which enabled us to achieve a rent higher than the marketing figure and proved to be the right strategy in achieving the strongest commercial terms.

Anthony Barrowcliffe of FHP Property Consultants commented:

“The small to medium sized industrial sector in Nottingham is currently on fire with limited stock and the strongest level of demand I have seen in my 4 years at FHP.  Due to this I am letting and selling industrial units within days of launching the marketing on almost every occasion this year and having to let parties down due to numerous offers being received.  Due to this we urge any industrial property owners within Carlton, Mapperley, Gedling, Netherfield, St Anns and Colwick to please contact FHP as we had a number of parties miss out on this opportunity who still remain active in the market alongside a huge database of live requirements.” 

Sophia Kershaw, the landlord commented:

“We are really pleased with the outcome of this letting having worked fantastically well with Anthony.  My father worked from this garage for over 45 years so we are pleased to have re-let it so quickly.  Anthony was efficient, personable and did a fantastic job for us communicating excellently and we shall most certainly be using him again in the future.” 

For further information on this transaction or to see how FHP can help you with any commercial property matter, please contact Anthony Barrowcliffe on 07557 972008 / anthony@fhp.co.uk.

Anthony Barrowcliffe of FHP Property Consultants is delighted to announce the successful letting of Units 1 & 1A, Roseland Business Park in Long Bennington, Newark to Smart Fleet Solutions.

Cazoo recently acquired Smart Fleet Solutions, one of the UK’s leading independent vehicle reconditioning and storage specialists operating from 4 state-of-the-art vehicle refurbishment facilities across 110 acres in Nottinghamshire, Staffordshire, Wiltshire and Scotland, processing over 100,000 vehicles annually with storage for more than 20,000 vehicles.

Cazoo are the UK’s leading online car retailer and a combination of Cazoo’s world class consumer platform and brand with Smart Fleet Solutions’ market-leading infrastructure and expertise will provide both businesses the ability to further scale their national reconditioning and storage capabilities in line with their growth plans.

Anthony Barrowcliffe of FHP Property Consultants comments:

“This was a wonderful transaction to be part of and the biggest singular letting of my career.  Having worked hard on the Roseland Business Park for a few years I am really pleased to announce almost full capacity/occupation and that we have managed to complete this large industrial letting to Smart Fleet Solutions.  

Working alongside my client and Theo Kortland, Managing Director of Smart Fleet Solutions and his team has been a pleasure.”

For further information on this transaction or to see how FHP can help you with any commercial property matter, please contact Anthony Barrowcliffe on 0115 9507577 / anthony@fhp.co.uk .

Anthony was fantastic to work with as well as being true to his words with respect to terms and expectations.

Anthony is the best agent I have worked with in a while, he is hungry, young and full of energy which is exactly what I am after from my agents.  Not only does he know how to bring forward interest he knows how to broker deals.  I can’t praise him enough on his performance on my two units in Arnold and his constant success at Quayside Court in Colwick. 

Having previously let the adjoining building on behalf of my clients in 2020, when Unit 1 became available at the start of the year, it was great to very quickly find a new occupier so that literally when the former occupier vacated at the end of March, the new one moved in the following day.  Yet again, a positive tale of ‘no void period’ for our landlord client as Tim Gilbertson of FHP Property Consultants who dealt with the letting commented:-

“This is the third deal I’ve completed in the last twelve months for our client here in Loughborough, one sale and two lettings, and I’m delighted with the end result.  This deal shows the strength of the Loughborough market and demand for industrial and distribution space in the area.  We put the property under offer as soon as it was available and the lease completed the day after the former occupier vacated.  No void period for our client, a very happy tenant and landlord client alike and another deal done.

The only disappointing side is having to let down other potential occupiers of the building as we simply need more space in Loughborough to meet demand.  Freehold and leasehold industrial and distribution space is scarce and it would be great to have other opportunities come to the market in the future.  Whilst we do have the likelihood of further space coming available in the coming months in Loughborough, more is certainly needed immediately to meet demand from buyers and tenants alike.”

FHP’s client commented:-

“Once again Tim at FHP delivered a deal which at times looked impossible. Pragmatic and to the point, I trust his judgement and market knowledge.  I cannot fault the level of commitment and support that we have had from the team at FHP over the last year which is why, with another big deal planned for 2021, we continue to work with them.”

For further information on this deal or to discuss potentially marketing your industrial or distribution unit for sale or rent to take advantage of favourable landlord and vendor market conditions, please contact Tim Gilbertson on 07887 787 893 or email tim@fhp.co.uk.

ENDS

Tim Gilbertson

Director

29 April 2021

Estée Coulthard-Boardman of FHP Property Consultants is delighted to announce the letting of Unit 18 Victoria Way, Pride Park, Derby to BALLOONBX LIMITED.

The property comprises a semi-detached two-storey hybrid unit, providing a combination of industrial/ warehouse and office accommodation. The unit is situated on Derby’s premier business address, Pride Park, offering excellent accessibility to junction 24 of the M1 motorway and the East Midlands Airport via the A50.

Adam Burdett of Intali Property Strategy acted on behalf of the landlord, and commented:

“We wanted to secure a tenant quickly for our client landlord and, not knowing the local occupier market, wanted to appoint an agent who did.  Their instruction was to maintain the income stream from the property. Having worked with FHP on similar projects in Nottingham and Derby previously, we knew they would not let us down – and they didn’t!  Estée quickly secured a tenant who began their new lease the day after the previous tenant left.  They really could not have done any more than that and our client landlord was delighted – which makes us look good too!”

Thomas Burton of BALLOONBX LIMITED commented:

“BALLOONBX are delighted to be launching its online balloon and party wear delivery services to Pride Park.  We have a huge product range of the most unique supersize original balloons on the market, over 500 different products which will be retailing from this unit nationally – the first of its kind.  We are really happy with the prime location of our new place and look forward to welcoming all of the local people to visit our showroom to see many of the designs, party decorations and backdrops we provide.”

Estée Coulthard-Boardman of FHP Property Consultants commented:

“These hybrid units on Pride Park are very popular and it wasn’t long after putting this property on the market that I received an offer from BALLOONBX. Quoting terms were achieved, and this was an excellent result for all parties involved. BALLOONBX were a pleasure to deal with and I wish them every success in the future.”

For further information on this transaction, or to see how FHP can help you with any commercial property matter, please contact Estée Coulthard-Boardman on 01332 224 853 / estee@fhp.co.uk.

ENDS

Estée Coulthard-Boardman

23 April 2021

FHP Property Consultants are delighted to announce on behalf of private clients the letting of Unit 3 Raynesway Park, Raynesway, Derby to Powerslide Motorcycles.

Raynesway Park is prominently positioned fronting Raynesway (A6) and provides modern trade counter/warehouse accommodation with excellent road links to the A50, A52 and M1 Motorway.

Darran Severn of FHP Property Consultants commented:

“We received good interest in this particular unit which became vacant earlier this year, and as a result, we quickly placed the unit under offer minimising any void period.  This has been an excellent result for both the landlord and tenant.  The new tenant currently occupy premises in Stoke on Trent and have chosen Derby for their second branch.

This leaves us with Unit 10 Raynesway Park, which has just come to market providing 9,744 sq ft of modern warehousing, available on new lease terms. If any interested parties would like to view, then please let me know.”      

Brad Clarke, Director of Powerslide Motorcycles commented:

“The unit was perfectly situated for our growing motorcycle business.  Easy access for customers is a must these days and also a fresh, clean place of work, which was found at this location.

For further information on this letting please contact Darran Severn on 01332 224 854 / darran@fhp.co.uk.

26 April 2021

Interest in a new industrial and trade counter scheme on Fields Farm, Long Eaton has gained momentum as construction begins on site.

Clowes Developments are delighted to announce that national retailer Toolstation is one of the first occupiers to announce their move to a brand new 5,142ft² trade counter unit in Block F at Forbes Court.

The speculative development of phase 1 units, Blocks D & F, is set to reach practical completion by Q4 of 2021. This first phase has received high levels of interest which has seen phase 1 fully occupied before diggers even touched the soil. Toolstation will be one of the first occupiers to move into their unit at the end of this year.

Forbes Court made up of Blocks D, E, F offers a total of 32,562ft² across 11 trade / industrial / warehouse units. The units offer a range of sizes available from 992ft² up to 5,511ft² with the additional ability to combine units to create larger sizes of up to 25,445ft². Additionally, planning consent has now been granted for Units A, B and C which are set to be speculatively built.

Richard Sutton, Director at NG Chartered Surveyors commented:-

“Given the continued levels of interest shown at Forbes Park, it underpins Clowes Development understanding of the local market. This is exactly what Long Eaton has been calling for and complements the surrounding industrial scheme.”

Chris Proctor at FHP Property Consultants commented:-

“Announcing an occupier of the calibre of Toolstation is a great start for Forbes Park and we hope to bring further good news very soon with a number of other high-profile names under offer or in discussion currently.”

New buildings are now only available on an investment freehold basis. To discuss your requirements in greater detail, please contact Chris Proctor of FHP Property Consultants (07747 464 770 / chris@fhp.co.uk) or Richard Sutton of NG Chartered Surveyors (07977 121 340 / richards@ng-cs.com).

ENDS

Chris Proctor

Associate Director

26 April 2021

The last 12 months has certainly been a rollercoaster journey for many businesses.  As we begin to look forward once again, I thought it would be worthwhile looking at the take up within the industrial and logistics sector during this period with a particular focus on the mid-sized sector of the market within Derbyshire.

I am pleased to say that activity during the last 12 months has superseded expectations and the industrial/warehouse market has remained positively buoyant.  Demand from local business has far outweighed supply resulting in excellent take up across the county.  Both new build and second hand units have been let or sold to a variety of users including those within manufacturing/production, storage/distribution and trade counter sales sectors.  As a result, the Derby Office of FHP have alone concluded 24 industrial/distribution transactions within this period and currently have a further 8 similar buildings under offer.  This ignores both acquisition and Design and Build work that we have completed throughout the county during this time as well, quite a remarkable 12 month period.

We’ve seen a year on year uplift in rental values since March 2020 with an average increase between 5% and 10% over the last 12 months.  Typical lease lengths remain between 5 and 10 years and pleasingly rent free periods are being kept to a minimum, if any.  There appears to be an even stronger appetite for businesses to buy property to occupy thus benefitting from placing these assets within their pension schemes.  With that in mind we are seeing uplifts in capital values in the region of 10% over the last 12 months.  As demand continues to outweigh supply and it becomes increasingly difficult to source steel to build new schemes, I can see further growth in values over the next 6 -12 month period.

As a result of the exceptional interest, we have a number of clients speculatively building space throughout Derbyshire and the wider East Midlands area, schemes are coming out of the ground in various M1 corridor locations and more traditional manufacturing hot spots in an attempt to meet the ongoing demand we encounter, and I would be delighted to discuss these and indeed existing stock with any potential occupiers or provide disposal advice to any potential landlord or vendor client.

Whilst we have a selection of stock available, we do require more.  We are speaking with occupiers on a day to day basis that require industrial/warehouse accommodation within Derby, Ilkeston, Alfreton, Ashbourne and Swadlincote.  If you are having difficulty finding the right premises or are looking to sell or rent your premises, then we would be delighted to chat through and advise you accordingly.

For further information please contact Darran Severn of FHP Property Consultants on 01332 224854 or darran@fhp.co.uk.

ENDS

Darran Severn

20 April 2021

Darran Severn of FHP Property Consultants is delighted to announce on behalf of private clients the letting of Unit G4 Cranmer Road, West Meadows Industrial Estate, Derby to Widezone International Limited.

West Meadows Industrial Estate is conveniently located off Pentagon Island, at the intersection of the A52 and the A61 Sir Frank Whittle Road.  The property comprises clear span industrial/warehouse space with a two storey office section at the front and benefitted from a recent landlord’s refurbishment.

Darran Severn comments:

“There is currently great demand for warehouse units in Derby, especially those under 10,000ft².  This is the 3^rd letting in as many weeks that has completed, and this has been a fantastic result for both the landlord and tenant.  In addition to this letting we have recently placed G1 Cranmer Road under offer and will announce further details on completion.  Both deals have been agreed at quoting terms which is excellent.

For any businesses out there, who are finding it difficult to source the right property, please feel free to get in touch as we would be more than happy to help.”   

Should you require any further information on this letting then please contact Darran Severn on 07917 460 031 / darran@fhp.co.uk.

8 April 2021

Urban Logistics Reit have agreed to purchase 10 new warehouse buildings totalling circa 34,838m² (375,000ft²) in Nottingham, Leicester, Castle Donington and Rochdale with a total value of £40 million, providing opportunities for circa 400 new jobs being created.

Wilson Bowden Developments, represented by FHP, have confirmed that they have agreed a two phase sale of 10 warehouse buildings to Urban Logistics Reit (ULR), advised by M1 Agency.

Detailed Planning Applications have been submitted for all four sites at Blenheim Park in Nottingham, Willow Farm in Castle Donington, Optimus Point in Leicester and Kingsway Business Park in Rochdale for 10 warehouses which will range in size between 18,090ft² and 81,100ft².

The first phase of the transaction commits to build four units which range in size between 18,090ft² and 81,100ft² at Blenheim Park in North West Nottingham and a single detached warehouse of 43,850ft² at Optimus Point in Leicester.

ULR have the option to purchase the second package of a further five warehouses which range in size from 1,858m² (20,000ft²) to 4,144ft² (44,608ft²) later in the year.

The buildings at Blenheim Park in Nottingham and Optimus Point will be completed and ready for occupation by the summer of 2022.

It is anticipated that the first phase of buildings will provide job creation potential for approximately 200 to 250 new jobs with the ultimate portfolio likely to provide between 350 and 400 new job opportunities.

Richard Moffitt, Chief Executive of ULR, confirmed:-

“The development programme announced today, which we have sourced off market, will add further high quality new assets to the portfolio at a time when smaller urban logistics warehouses are in short supply.

Given the strength of demand for space from occupiers seeking representation in the East Midlands market, which has been undersupplied for some time now, we expect to demand to be strong”.

Nick Richardson, Managing Director of Wilson Bowden Developments, confirmed:-

“We are delighted to have agreed to speculatively develop these new warehouses with ULR.  Our relationship with ULR is an ideal partnership which enables us to deliver our development skills to bring forward and develop much needed new warehouse space on a number of our existing sites and provides Grade A first class new warehouse opportunities in locations which fit ULR’s specific and dedicated investment criteria to deliver units which satisfy the last mile logistics sector.

We hope this is the starting point from which we can deliver not only the second phase of the package later this year but we can also look forward to working with ULR on other projects”.

John Proctor of the Nottingham office of FHP Property Consultants confirmed:-

“The growth of e-commerce has been one of the driving factors behind the continued strengthening within the logistics supply chain sectors of the market.  We have seen major large scale units of between 100,000ft² to 1,000,000ft² being increasingly delivered to satisfy the larger scale demand.  ULR recognised that there is equal demand within the mid-sized sector of the market and have targeted in particular delivery of units in prime strategic locations in the size range of 20,000ft² to 200,000ft² to satisfy the shortage of supply in this sector of the market.

The delivery of the buildings will provide much needed stock into the Nottingham, Leicester, Castle Donington (adjacent to East Midlands Airport) and Rochdale markets”.

James Keeton of the recently opened M1 Agency East Midlands office in Nottingham added:-

“ULR are continually on the lookout for prime new warehouse opportunities in core markets, especially where there is an undersupply, such as is the case with the East Midlands. Ideally situated within their respective markets to blend accessibility with labour, the build out of ‘urban logisics’ warehousing across the respective markets will introduce much needed speculative high quality product, well placed to meet pent up occupier demand ”.

Sarah Galvin at Gowling WLG Solicitors advised Wilson Bowden and Brendan Walsh and his team at Gunnercooke acted on behalf of ULR.

ENDS

John Proctor

DD: 0115 841 1130

April 2021

Estée Coulthard-Boardman of FHP Property Consultants is pleased to announce the letting of Block 13 Unit 4 Amber Business Centre in Riddings to Closed View Security Limited on behalf of our client Mileway.

Amber Business Centre is a popular and well-established distribution and manufacturing estate located in Riddings, Derbyshire. The property comprises 611ft² of clear span warehouse accommodation with generous parking and loading area within a secure and managed site.

Estée Coulthard-Boardman of FHP Property Consultants comments:

“As soon as I put this property on the market I received a flurry of calls, and within just a few hours I had five viewings booked in for the following week. I received offers from all five parties prompting the invitation of best offers, and as a result, the rental value obtained was £2.50 per ft² higher than when FHP let this unit back in 2018. I am delighted to have achieved this great result for my client. 

I have also recently put Block 17 Unit 2 Amber Business Centre on the market and a very similar series of events has occurred.  Within a matter of days, this property went under offer at a figure higher than the asking price.

The amount of interest these small industrial/warehouse units at Amber Business Centre generates is outstanding, I take enquiries daily from parties expressing what a perfect fit these units would be for their business. The demand for small units like these continues to rise and unfortunately the supply just can’t seem to keep up.”

If you would like to find out more information on this deal or discuss disposing of your industrial/warehouse premises, then please contact either Estée Coulthard-Boardman on 01332 224 853 / estee@fhp.co.uk

ENDS

Estée Coulthard-Boardman

13 April 2021

Unit 7F is adjacent to our current unit on Blenheim Court and will be a welcomed addition as we look to grow the business further. We are looking to increase our stock holding at our Nottingham branch and the additional 4,687ft² will be a key factor in this.

Many thanks to Chris and Anthony at FHP and Clive Rossin of Larkins for their hard work in the completion of the project.

I am very grateful to both Chris Proctor of FHP and my solicitor Vik Moothia of Elvin Moore (now Landsmiths) for their hard work in concluding this sale on my behalf.

On behalf of the vendor, TSS Security Systems Limited, FHP Property Consultants are delighted to have concluded the sale of Unit F, Blenheim Court, Blenheim Industrial Estate, Nottingham to Partic Motor Spares Limited.

The property, constructed in 2006 by Wilson and Bowden, is a good quality warehouse of 4,687ft² which achieved the asking price of £415,000.

Chris Proctor of FHP Property Consultants, who concluded the sale, commented:-

“The property had a high level of interest with a total of four offers received and Partic Motor Spares were the selected party who completed quickly and performed extremely professional throughout the process. Vik Moothia of Landsmiths (formerly Elvin Moore) was additionally impressive with the quick turn around on the legals to have this transaction over the line for the client.”

Rob Peck of TSS Security Systems Limited commented:-

“I am very grateful to both Chris Proctor of FHP and my solicitor Vik Moothia of Elvin Moore (now Landsmiths) for their hard work in concluding this sale on my behalf.”

Jack Beard of Partic Motor Spares Limited commented:-

“Unit 7F is adjacent to our current unit on Blenheim Court and will be a welcomed addition as we look to grow the business further. We are looking to increase our stock holding at our Nottingham branch and the additional 4,687ft² will be a key factor in this.

Many thanks to Chris and Anthony at FHP and Clive Rossin of Larkins for their hard work in the completion of the project.”

Partic Motor Spares Limited are a leading supplier of truck, bus and trailer parts throughout the East Midlands and North East Lincolnshire.

If you are in the market for warehouse/industrial space or have a property that you would like to sell or let, please do get in touch with Chris Proctor of FHP Property Consultants on 07747 464 770 or chris@fhp.co.uk.

ENDS

Chris Proctor

Associate Director

13 April 2021

Chris Proctor of FHP Property Consultants has recently completed the lettings of E1 & E2 Southglade Business Park to FES FM Limited and Unit 2 Coppice House, Carlton to Aventus Group Limited.

Both properties are hybrid style units comprising of ground floor storage and first floor offices totalling 3,857ft² and 7,014ft² respectively.

Chris Proctor of FHP Property Consultants, who concluded the lettings, commented:-

“Hybrid style units can often be difficult to let, however, these two particular properties situated on the edge of the city centre provide both businesses with the right combination of space to deliver key business functions all under one roof.

I’m delighted to have concluded these lettings both to good quality national covenants achieving long term leases for both clients on these particular properties.”

Vik Moothia of Elvin Moore Solicitors acted on behalf of the landlord of Coppice House.

Mirek Prusinski of Prusinski Solicitors acted for the landlord of E1 & E2 Southglade Business Park.

For further information on the deals or to discuss your property requirements, please do not hesitate to contact Chris Proctor of FHP Property Consultants on 07747 464 770 or email chris@fhp.co.uk.

ENDS

Chris Proctor

Associate Director

9 April 2021

FHP Property Consultants are pleased to bring to the market Unit 45 Evelyn Street Industrial Estate which is situated in Beeston, Nottingham.

Evelyn Street Industrial Estate is an established Industrial/warehousing location approximately 4.1 miles south west of Central Nottingham.  The property comprises clear span warehouse accommodation with two storey offices and extends to approximately 509.72m² (5,486ft²).

Darran Severn and Chris Proctor of FHP Property Consultants who are primarily dealing with the marketing of this property commented:

“We are pleased to place this unit on the market at a time where demand far outweighs supply.  The property provides good quality warehouse accommodation in an accessible location and we envisage good interest from local occupiers.  The warehouse is available on new lease terms direct with the landlord at a rent of £32,916 per annum.  We look forward to speaking with interested parties.”

For further information or to arrange a viewing, please contact Chris Proctor on 07747 464 770 / chris@fhp.co.uk or Darran Severn on 07917 460 031 / darran@fhp.co.uk.

8 April 2021

Anthony Barrowcliffe of FHP Property Consultants is pleased to announce an excellent industrial letting at 17A Catton Road in Arnold to Aristeia Group Limited on behalf of our client Nigel Rhodes of D.L. Rhodes & Son Limited.

As soon as the marketing was launched the interest flooded in with ten viewings conducted and numerous offers received.  After conducting the necessary due diligence on each party and getting in their final offers, we narrowed this down and I am delighted that in the end we went with Aristeia Group Limited.  This company consists of two ambitious, young, hungry entrepreneurs which showed throughout our meetings and the presentation of offers made.

The unit comprised a simple industrial/warehouse unit within a shared, secure gated yard measuring 1,273ft².

Anthony Barrowcliffe of FHP Property Consultants commented:

“A great result was achieved and as always a pleasure to work with Nigel Rhodes whose proactiveness and willingness to conduct full refurbishments makes the whole process work seamlessly.  The amount of interest this small unit generated was incredible and demonstrates how well the market in Arnold is performing and moving on.  Due to this we urge any potential owners within Arnold, Daybook and Nottingham to please contact FHP as we had a number of parties miss out on this opportunity and they remain active in the market.” 

Nigel Rhodes of D.L. Rhodes & Sons, the landlord commented:

“Anthony is the best agent I have worked with in a while, he is hungry, young and full of energy which is exactly what I am after from my agents.  Not only does he know how to bring forward interest he knows how to broker deals.  I can’t praise him enough on his performance on my two units in Arnold and his constant success at Quayside Court in Colwick” 

Abriz Akbar of Aristeia Group Limited, the new tenant commented:

“Anthony was fantastic to work with as well as being true to his words with respect to terms and expectations.”

For further information on this transaction or to see how FHP can help you with any commercial property matter, please contact Anthony Barrowcliffe on 0115 9507577 / anthony@fhp.co.uk.

Once again Tim at FHP delivered a deal which at times looked impossible. Pragmatic and to the point, I trust his judgement and market knowledge.  I cannot fault the level of commitment and support that we have had from the team at FHP over the last year which is why, with another big deal planned for 2021, we continue to work with them.

Anthony Barrowcliffe of FHP Property Consultants is pleased to announce another off-market deal.  FHP represented DSK (Nottingham) Limited on the successful letting of Unit I2, Southglade Business Park to Gunite (Eastern) Limited.

Unit I2 is located to the front of the established Southglade Business Park and consisted of 1,202ft² of industrial space with a first floor office and excellent car parking facilities.  The building was built in the 1990s and has everything required for a B1, B2 or B8 occupier.

Anthony Barrowcliffe of FHP Property Consultants commented:

“I am always pleased to do a deal off-market and as soon as I met with DSK (Nottingham) Limited at the unit to inspect/pitch for the job I had several parties in mind.  Due to having an incredible database of enquiries and regularly reviewing and engaging with live interest I was able to let this unit without erecting a board or conducting any marketing at all.  Gunite were viewing lots of properties and were eager to find a building so I am pleased I could put this together with all parties tremendously happy. 

Due to such strong demand I have managed to put three off-market deals together this year alone so we urge properties owners in Bulwell, Bestwood, Basford, Nuthall and Nottingham to contact FHP as we have the requirements.”

For further information on this transaction or to see how FHP can help you with any commercial property matter, please contact Anthony Barrowcliffe on 0115 9507577 / anthony@fhp.co.uk.

Acting on behalf of Pentaxia Limited, Estée Coulthard-Boardman of FHP Property Consultants is delighted to confirm the successful letting of 31 – 33 Longbridge Lane, Ascot Drive, Derby, to N & A Logistics Limited.

The property is situated within the established Osmaston Park Industrial Estate on the east side of the city, a well located and popular trading estate.  Constructed by Conder Developments in 2007, the premises comprise two high specification adjoining units totalling 5,000ft² and include generous parking and gated yard area.

Stephen Ollier, Managing Director of Pentaxia Limited commented:

“The two units have been used as our Research and Development Centre for the last few years.  The pioneering work in developing advanced composite manufacturing techniques has now been moved to our production facility in Alfreton Road.  FHP have done an excellent job on finding new tenants for the property and we wish the new occupants N & A Logistics every success in the future.”

Michael Nwachukwu of N & A Logistics commented:

“Estée found the perfect warehouse for my business.  She is a calm and articulated professional.  Thank you!”

Estée Coulthard-Boardman of FHP Property Consultants commented:

“I am so pleased to have let this unit on behalf of Pentaxia, it was a great result for all parties involved.  N & A Logistics viewed another property with me initially, but after thoroughly discussing through their business needs, I knew 31 – 33 Longbridge Lane would be a better fit.  N & A Logistics are a prime example of the current surge in demand that the industrial sector is witnessing from Post & Parcel operators.  They were in desperate need of bigger space due to the ongoing growth of their business, and I am delighted all parties managed to turn this deal around quickly for them.  I wish N & A Logistics the best of luck in the future.”

For further information on this transaction or to see how FHP can help you with any commercial property matter, please contact Estée  Coulthard-Boardman on 01332 224 853 / estee@fhp.co.uk.

30 March 2021