FHP Living Land & New Homes, acting on behalf of private clients, have sold a 10 acre site at Cavendish Park, Kings Clipstone in North Notts to Taylor Wimpey.

The site, which is the fifth phase of the development, first started in 2005.

The 10 acre site has Planning Consent for 221 houses.

Taylor Wimpey are likely to start on site in 2012.

FHP Living Land & New Homes acted on behalf of the land owner and achieved a price of £4.7 million.

 

 

 

Latest news

FHP Property Consultants acting on behalf of Clowes Developments (UK) Limited are delighted to announce the recent opening of Silvarious to Sadler Gate. The retail accommodation which extends to 142.57m² (1,535ft²) has been let by way of a new six year full repairing and insuring lease and  the property is located in a excellent niche pitch of Sadler Gate.  

Silvarious, a company who specialises in a collection of authentic, handcrafted solid silver jewellery personally selected for its quality, workmanship and originality have opened further premises in Derby following the success of their current stores in Ashbourne, Matlock and Bakewell. The established business model which has formally located its shops in the rural market towns has opened in Derby following the businesses rejection of a city shop just a few years ago. 

Company owner Ms O’Donnell said:

“I originally dismissed the idea of Derby but then decided to visit on a whim and couldn’t believe the transformation in the area from just a few years ago of which I immediately contacted FHP who directed me to these premises

The Cathedral Quarter is an excellent place for our business model and from experience with my other shops, I am confident that we are going to do well. I am particularly impressed with the sense of community and the fact that the businesses work together through the Business Improvement District so I am looking forward to working closely with other retailers to do reciprocal projects and promotions together.”

George Dunnicliff of FHP Property Consultants quoted:

“It is very pleasing to let this property to Silvarious. The property enjoys an excellent position within Sadler Gate within the heart of the Cathedral Quarter of which I am sure will prove excellent for their sales and future growth of the business. I wish all Eileen and her team at Silvarious continued success for the future. “ 

For further details on this letting or to discuss your retail requirement please further contact George Dunnicliff at FHP Property Consultants on 01332 343 222.

Pictured left to right: Ms O’Donnell of Silvarious and George Dunnicliff of FHP Property Consultants

Latest news

FHP Property Consultants acting on behalf of Gordon House Investments are please to confirm the recent letting of 29 Sadler Gate, Derby to Blend Salon. The former Subway unit which extends to 172m² (1,861ft²) has been let by way of a new five year full repairing and insuring lease.  

Blend Salon, a new business to Derby offers the ultimate hair and beauty experience. Whether it be through the sleek decor, classic features as part of the buildings the salon is consistent in its quality, creating a warm and relaxing haven with all of the stylists trained by the renown Lee Stafford and are extremely professional whist offering a personal touch to every client.

The newly refurbished premises also offers excellent scope for expanding the business on the upper floors with further beauty treatments. 

George Dunnicliff of FHP Property Consultants quotes:-

“It was particularly pleasing to secure the letting to Blend Salon who completed the lease within days of the initial viewing. The destination premises will be an asset to Sadler Gate as it will draw further people into the Cathedral Quarter which will no doubt benefit other retailers in the area. I wish all Jo and her team at Blend every success for the future. “ 

For further details on this letting or to discuss your retail requirement please further contact George Dunnicliff at FHP Property Consultants on 01332 343 222.

Pictured: Joanne Pilbeam of Blend Salon and George Dunnicliff of FHP Property Consultants.

Latest news

A giant distribution warehouse which will allow one of Britain’s biggest retailers to service the rapid growth of online customers will bring an enormous jobs boost to the East Midlands.

 

The one million square foot distribution centre which has just been handed over by Clowes Developments to Marks & Spencer is expected to provide jobs for 1,000 people when it goes live in just under a year.

 

Goods will be freighted straight into the Castle Donington site by rail from suppliers in Europe and the Far East. With carbon neutral construction and a BREEAM Excellent rating on completion, it promises to be one of the most efficient and environmentally-friendly distribution operations in the country.

 

But it will also go down as a landmark for the team behind its construction, led by Clowes. The Ashbourne-based developer transformed a site dominated by the concrete foundations of a demolished power station into a state-of-the-art distribution centre in less than 12 months, opening up a rail head at the same time.

 

In the process, it has underlined the growing importance of the M1 corridor through Leicestershire, Derbyshire and Nottinghamshire as a prime location for the distribution warehouse industry, Clowes following up the M&S development with a deal to construct a food distribution centre for fellow high street retailer Co-operative Group only a few miles further north.

 

The M&S distribution centre has been built at the East Midlands Distribution Centre (EMDC). Half-a-mile long and 100ft high, it covers a 60-acre site which was once home to Castle Donington Power Station, and is expected to employ 1,000 people when it goes live in autumn 2012.

 

Paul Shanley, the Clowes director who oversaw the M&S development, says it was a challenging project. “We were absolutely thrilled when Marks & Spencer signed up for this development, and we viewed it as a significant endorsement of our own track record for delivering ambitious projects. This was always going to be more ambitious than most, with a lot of work to complete to tight timescales and the need to make sure that we delivered to some exacting standards.

 

  “We are now handing over a large-scale development which we believe achieves that. It is a standard-setter in terms of its environmental impact and its efficiency, it has been designed to support retail e-fulfilment, and it is going to make a major contribution to local employment. We firmly believe it is part of a wave of similar developments in this area – a wave we intend to be at the forefront of.”

 Though the building has now been handed over, it was only six months ago that structural steelworks began. Before that, a Clowes team comprising Winvic Construction project managers First Industrial Developments had to break up and remove 50,000 cubic tonnes of concrete foundations from the site, which were left behind when the power station was demolished back in 2003.

 

Besides lengthy ground preparation, Clowes’ team also had to construct 1.5 miles of dedicated rail track which connect the distribution centre to the national rail network, opening up the East Midlands Rail Freight Terminal.

 

Mr Shanley continued: “There were additional layers of complication in this project which demanded tight scheduling and strong project management. That is exactly what we are used to delivering and we carried out final construction in three phases, all of which we delivered on time. When you consider that the scale of the groundworks meant that we couldn’t commence work on the steel frame until the first week of May, that is a fantastic achievement – and a magnificent team effort.”

 

Though the distribution centre already covers one million square feet, its usable area will be doubled to two million square feet by Marks & Spencer’s fit-out. Up to four levels of mezzanine floors will be installed, along with an integrated, state-of-the-art racking and distribution system which has been designed to service the retailer’s rapidly growing e-fulfilment needs across the UK.

 

The development is part of a growing trend for major retailers to consolidate distribution in a smaller number of major regional operations. Just a few miles up the M1 at Junction 28, Clowes Developments is working on a 480,000 sq ft food distribution operation for the Co-operative Group, which is bringing two nearby operations under one roof at a facility likely to employ around 900 people.

 

The development is being built at Castlewood, one of a number of strategic distribution locations which Clowes invested in ahead of the industry’s growth. John Proctor, of the Midlands property consultancy FHP, has acted for the developer at both EMDC and Castlewood.

 

He commented: “Clowes Developments has been involved in major industrial and distribution schemes for a long time. One of its defining characteristics is that it has always been a very carefully run business which invests in high-quality locations and has the experience to deliver substantial projects for major clients.

 

  “Having a developer of national standing based in the East Midlands has helped the region to capitalise on its strategic position right at the heart of UK markets. Both EMDC and Castlewood are perfectly positioned for north-south and east-west distribution. Besides the benefit of the rail link at EMDC, both it and Castlewood are alongside a motorway and A-road network which has seen substantial ongoing investment, with the M1 now widened and the prospect of a dual carriageway A453 to Nottingham and beyond now in prospect.

 

“State-of-the-art distribution is a central part of drives to improve retail efficiency in a difficult economy, and I have no doubt we will see further significant investment at both EMDC and Castlewood.”

 

Clowes Developments were advised on the EMDC letting to Marks & Spencer project by FHP’s Nottingham office and the Birmingham office of Savills. Cushman Wakefield advised Marks & Spencer. Flint Bishop were legal advisers to Clowes, the architect on the project was Isherwood McCann of Leicestershire and structural engineering was carried out by BWB Consulting of Nottingham.

 

Paul Shanley added: “I can’t applaud enough the collective effort that has gone into this project from a first-rate team of professionals. They have helped Clowes Developments to deliver a facility of truly national significance. It has been tremendously satisfying to put both the East Midlands Distribution Centre and this part of the M1 corridor in the East Midlands firmly on the national distribution map.”

Latest news

FHP Property Consultants acting on behalf of Clowes Developments (UK) Limited are delighted to announce the letting of 8 Victoria Street to LA Nails.

The ground and basement retail accommodation which extend to 106.17m² (1,143ft²) has been let by way of a new five year full repairing and insuring lease.  Located on Victoria Street adjacent to the Post Office within the Cathedral Quarter the property gives excellent access to the City Centre and beyond.

LA Nails who specialise in hands and nails in particular manicures, acrylic nails, gel nails, party nails, infill’s and many other treatments have moved from their existing premises situated on Green lane. Their newly opened premises is already benefitting them with the higher profile and footfall of Victoria Street of which early indications are looking very promising.  

The new premises will allow them to continue their expansion plans adding new treatments with the possibility of branching into other beauty treatments.

George Dunnicliff of FHP Property Consultants quotes:

“It is very pleasing to let this property to LA Nails. The property enjoys a prominent position within the Cathedral Quarter of which I am sure will prove an excellent relocation for them. I wish all at LA Nails continued success for the future. “ 

For further details on this letting or to discuss your retail requirement please further contact George Dunnicliff at FHP Property Consultants on 01332 343 222.

Latest news

The former 1.76 acre Buxton Fire Station has now been sold for residential development for £1.519 million, following completion of the new £3.4 million fire station.   

Jonathan Bishop, who heads FHP Blue Light Estates acted on behalf of Derbyshire Fire Authority, securing the relocation site at Staden Lane and disposing of the former site to Ben Bailey Homes on a conditional basis. 

The former fire station is now to be demolished after permission was granted for twenty one homes to be built on the site, incorporating six affordable units. 

Jonathan commented:

“I am delighted to have now completed the overall relocation, the new station is fabulous and the old station will not only improve the amenity to have houses on the site rather than a fire station but the capital receipt will go a long way towards the cost of the new station.”

Latest news

FHP are delighted to announce the completion of successful negotiation of compensation monies in respect of 6 adjoining residential owners whose properties were affected by the Environment Agency’s Nottingham Trent Left Bank Flood Alleviation Scheme at Long Eaton.

FHP Partner, Cameron Butler, who successfully advised the claimants, said:-

“It is very pleasing that I was able to successfully negotiate realistic Heads of Claim in respect of compensation monies to the satisfaction of each of my clients after what became a very protracted matter.”

Cameron Butler advised the claimants throughout the process from initial consultation, making sure appropriate measures were in place to limit and monitor any disruption during construction of the flood defence wall and reviewing the agreed full reinstatement works to the garden areas to the satisfaction of each of the owners. In addition to the reinstatement works undertaken, the Heads of Claim provided for compensation monies also having regard to other factors including replacement of an existing embankment with construction of new wall and the disturbance period.

Sylvia Rimmington, speaking on behalf of her adjoining neighbours, commented:-

“We are all very impressed with the outcome of Cameron Butler’s negotiations and thank him for his very professional and valued service.”

The FHP Valuation Department has a wealth of experience in advising on compensation matters, particularly on behalf of claimants. Current instructions include advising on behalf of a number of residential and commercial claimants impacted by the A46 Newark to Widmerpool Trunk Road Improvements and the Loughborough Inner Relief Road & Town Improvement Scheme.

Latest news

Acting on behalf of SEGRO joint agents FHP Property Consultants and Innes England have competed the letting of Building 418 at the Air Cargo Centre, East Midlands Airport. The letting sees DHL International take on additional warehouse space of 3,853ft² to accommodate their ever expanding parcel delivery network. 

Jonathan Sayer, Surveyor at FHP who agreed the letting commented:-

Whilst the market remains challenging, we are pleased by the level of enquiries within the market place and the quality of those businesses that are seeking new premises despite the tough business environment.  This is our second letting at the Air Cargo Centre this year and underlines the strength of East Midlands Airport as a business location. The Airport is located within only moments of M1 whilst providing direct links to many European and International destinations.

The Air Cargo Centre offers good quality, refurbished units immediately available on flexible terms.  With further units available at this scheme we welcome the opportunity to speak with occupiers to demonstrate how SEGRO can accommodate your requirements at the Air Cargo Centre.”

Jane Leedham, National Leasing Manager at SEGRO commented:-

We are delighted that DHL have expanded their operation at the Air Cargo Centre and look to continue to support their growth in the future” 

The Air Cargo Centre forms part of the East Midlands Airport campus and has direct access to the main motorway network.  The scheme is home to BMI, British Airways World Cargo, Laser Optical and LSG Sky Chefs.

East Midlands Airport is the UK’s number one pure freight airport handling over 300,000 tonnes of flown cargo every year, employs 6,000 people, serves over 90 leisure and business destinations and handles 4.2 million passengers each year.   

SEGRO is Europe’s leading provider of flexible business space operating predominantly within the warehouse and industrial sectors focusing in and around the major business centres and business hubs including ports, airports and motorway intersections.  The group serves over 1,900 customers spread over many geographic areas and has approximately 5.9 million m² of space under management.  

Latest news

FHP Living Land & New Homes have acquired the former Becket School on Ruddington Lane from clients of Lambert Smith Hampton.

The site of 8.84 acres which was introduced by David Hargreaves to Taylor Wimpey has been acquired with the benefit of a Planning Consent for 121 houses, of which 21 are to be sold on to a housing association.

The Becket School have relocated to a purpose built facility on Wilford Lane and was sold by Nottinghamshire County Council and the Nottingham Catholic Diocese Trustees.

David Hargreaves of FHP said:-

“We have worked closely with Sean Bremner and his clients over the past 18 months to deliver this scheme for Taylor Wimpey.  

From our knowledge derived from our residential sales office (FHP Living) in West Bridgford we know that there is substantial demand for additional housing in this area, primarily due to the quality of schools and the retail, bar and restaurant facilities in and around Central Avenue, West Bridgford.   

I have no doubt that the homes will sell extremely quickly.”

Colin Williams, Land and Planning Director for Taylor Wimpey East Midlands, said:

“We are delighted to have completed the acquisition of this site and look forward to commencing work on our exciting new Ruddington Place development.

“This high-quality collection of 121 family homes has been designed following close consultation with local councillors, residents and planning officers, and follows the recent successful opening of our Lime Tree Gardens development of 147 new homes in Mapperley.”

The price paid was £791,000 per acre for the 8.84 acre site.

FHP Living have been instructed by Taylor Wimpey to provide help and advice in the sale of the houses through their West Bridgford Sales Office.

 

 

Latest news

In what is the seventeenth letting of the year, at Amber Business Centre, FHP Property Consultants welcome ATS Distribution to the this highly successful and popular Derbyshire Industrial Estate.

 ATS Distribution Limited have taken a new five year lease of 4,552ft² in order to enable their relocation from Wimsey Way, Alfreton. ATS specialise in wholesale supply for a range of consumer productions including electronic items, pet supplies, home and garden ware, toys and games, gadgets and baby care products. 

 Jonathan Sayer, Surveyor at FHP Property Consultants who completed the letting commented:-

 “We first spoke with Andrew Harrison at ATS in 2009 when he was contemplating relocating the business.  When the time came to move this year, Andrew remembered what we can offer – flexible terms, incentivised leases, high quality space and a proactive Landlord ensure that lettings are completed in a succinct manner with a minimum of disruptions to tenants operations. 

 The letting to ATS completes our 17th letting of the year and with discussions on going with occupiers over the remaining space at the estate, we hope to be this will not be the last for 2011.”

 The Amber Business Centre provides space from 624ft² and please contact FHP Property Consultants or NG Chartered Surveyors for further details on how we can accommodate your requirement.

Latest news

FHP were delighted to be official match day Sponsors for Nottingham Forest in their recent home fixture against Ipswich.

Having been instructed to negotiate Forest’s business rates, and achieving a considerable reduction, FHP were invited back to be match sponsors.  The day included a four course meal, champagne reception, and a chance to mingle with some of the Forest greats such as John McGovern.

A number of clients including Paul Taylor from Cardzone, Don Peel from Fraser Brown and Dale Cowdell from Yorkshire Bank joined FHP watching the match from the Directors Box. 

Jessica Hand from FHP commented:-

“The whole day was superb, and thoroughly enjoyed by all.  FHP would love to sponsor a match again as it’s a great opportunity to get clients together whilst supporting our local team.  The icing on the cake was the last minute win by Forest!”

For more information on business rates please contact a member of the FHP Rating team on 0115 9507577.

Latest news

FHP acting on behalf of a private investor are pleased to announce completion of the sale of the above retail/leisure investment property after competitive bidding by informal tender.

The property comprises the former offices of Hallam Bracket subsequently acquired by Connell Wilson and Lambert Smith Hampton in 1987. The property was let on assignment to Prezzo Plc for the residue of a 25 year FRI lease from August 1998 at a rent of £75,500 per annum, thus having 12 years unexpired with the potential increase to the rent of £13,000.

The current rent payable equates to a ground floor rate of £25 psf. The rental values in the Low Pavement area have considerably increased in recent years due to the presence of Carluccio’s and Jamie’s Italian further along Low Pavement/Middle Pavement.

The estimated rental value is something in the region of £85,000 to £87,500 per annum.

The property was offered to a selected number of parties. A price of £1,175,000 was eventually agreed to show an initial yield of 6% and a reversionary yield of 7% after costs.

The purchasers, who are a northern based private property company, were represented by John Steadman of Steadman Brierley of Leeds.

Noel Roper of FHP comments:-

“Having been a Partner with Hallam Bracket many years ago I was delighted to be instructed to re-sell the former Hallam Bracket premises where I worked for many years.

Rental and capital values have considerably increased in this area and thus we were able to achieve a very satisfactory price on behalf of a private vendor who had owned this property for a considerable number of years.

Latest news

Alan Pearson, Associate Partner of FHP Property Consultants has let 15 Front Street, Arnold on behalf of private clients to the Kitchen Lab Limited.

The Kitchen Lab have taken a new six year lease, subject to three yearly rent reviews at a headline rent of £15,000 per annum exclusive.

The Kitchen Lab have been trading for 15 months from warehouse accommodation and this is their first retail outlet, which occupies a prime corner position at the junction of Front Street and High Street, Arnold. 

Alan Pearson of FHP commented:-

“I am delighted to have secured The Kitchen Lab on competitive terms, which completed within three weeks of instructing solicitors”.

“The Kitchen Lab are due to open the doors of their new store in the new year and I wish them every success with their new venture”.

Michael Wilson of the Kitchen Lab commented:-

“I would like to thank Alan and FHP for the efficient service and help with my letting of 15 Front Street.”

“We will commence trading from the 5th of January 2012 and we’re really excited about the future of the kitchen lab.”

For further information with respect to this letting or for marketing advice, please contact Alan Pearson of FHP Property Consultants on 07876 396 005 or alan@fhp.co.uk.

Latest news

A surveyor who won an award from the industry’s trade body before he had even started work has joined a key department at Nottingham property consultancy FHP.

David Richardson won the Royal Institution of Chartered Surveyors East Midlands award for the best dissertation when he was studying at Nottingham Trent University. He went on to graduate with first-class honours from a school which has produced many of the professionals in Nottingham’s property, planning and development industry.

Now, he has joined FHP’s retail and leisure department – one of the most high-profile teams serving the sector across the East Midlands and beyond. He took the job instead of another opportunity in London, and FHP retail and leisure partner Ben Tebbutt hailed the move as an endorsement of the department’s high profile.

Ben Tebbutt said: “David was torn between a job in London and the opportunity of joining us here at FHP. That David chose to come here is a very strong statement about the calibre of the work we deal with on a daily basis and the quality of the service we deliver. We have handled some of the most high profile retail developments in the city, and we routinely act on behalf of some of the most well-known High Street brands, not just in Nottingham but all over the country.

He added: “Clients expect the highest levels of advice and service and David is a welcome addition to a team which has a reputation for doing just that.”

David Richardson joins FHP from Savills, where he worked in the commercial team. At FHP, he will focus mainly on roadside retail and leisure development, together with high street disposals and shopping centre leasing.

He commented: “FHP’s reputation goes before them. Having previously worked on the delivery of some of the largest schemes in the East Midlands, it continues to play a major role in the delivery of a number of significant projects. FHP is recognised at regional and national level and I am looking forward to working on some great opportunities alongside a great team.”.”

David’s work will predominantly be focused on roadside retail and leisure development together with high street disposals and shopping centre leasing.

David can be contacted on 0115 841 1167 or by email at david.richardson@fhp.co.uk

 

Latest news

Acting on behalf of Dianadello Ltd FHP have sold the site of a former Norfolk Hotel which was demolished about 4 years ago. The site has a frontage to London Road of 25m (82ft) and occupies an area of 0.233 acres (0.09 hectares).

The site has planning consent for a car wash however the purchasers who also own the adjoining site and are land assembling for future development.

The site originally had planning consent for a mixed use development of ground floor retail with upper floor offices and apartments but these were shelved at the onset of the recession.

For further information, please contact Stephen Gillott of FHP Property Consultants

 

Latest news

There are times when commercial property begins to resemble a scene out of Groundhog Day. You wake up, scan the property press, turn on the radio and find yourself digesting what sounds like the same story you heard yesterday: the economy is weak, demand is falling away and no one’s building anything new.

I’m sure it’s the same in many sectors of business, but I get fed-up of it. Yes, we all know the economy has got problems and that the good old days aren’t coming back any time soon.  Yes, we know that demand is weak and that developers are struggling to find the money to stick a spade in the ground.

But there are people out there who do need to move, and there are properties available which could fit the bill.  So let’s delve beneath those headlines to find out what the options really are – what clients want to hear is not what they’ve already seen and heard, but how we can work round it.

If we understand the precise nature of the problems the market faces then we’re on the right path to doing that. You’d think the market might be awash with unsold industrial warehouses right now, but it isn’t: because demand is weak, supply is thin.  The reason why demand is thin is that businesses are struggling to prise money out of risk-averse funders.  My experience is that this isn’t the whole story: at FHP, we have been handling a steady stream of deals around the Nottinghamshire-Derbyshire border which involve what I’d call the ‘business bedrock’ – very carefully-run businesses who conserve cash and are not necessarily reliant on funders to make a move.

Another reason why there’s still steady activity in the border territory is that there has been some decent second-hand stock available – typically, locations like the Nyland Graphics site on Alfreton’s Clover Nook Estate. It is a modern, oven-ready building, the site has room to expand, and it’s only a stone’s throw from Junction 28 of the M1. With all those boxes ticked, we sold it in the space of four weeks!

The supply of industrial property in Nottingham is more of an issue.  There’s plenty of older, second hand leasehold stock around, but a dearth of modern, well specified premises with good space, good yards and good access to the road network.

No surprise, then, that most of the activity is happening around the M1 corridor. But this activity is slowly eating up a dwindling supply, with only a small number of speculatively-built sites still available.

So what are the options when supply and demand appear to be fighting each other to a standstill?  Are we looking at a tipping point where businesses looking for, say 50,000 sq ft upwards have three simple choices?  Those choices are to look elsewhere, sit tight and do nothing, or explore a design-and-build option.

Looking elsewhere is not an easy option. Other areas may well face the same supply-demand dilemma, and most established businesses see shifting lock, stock and barrel to somewhere different as significantly disruptive to the business as some staff may struggle to make the move. Sitting tight and doing nothing appears a less risky option, but you have to consider whether it could cramp business growth and your ability to meet client demand. And is an older property going to become a money-pit?

So what about the design-and-build option? There has been activity here at the higher end of the market, and it has involved some of the most experienced developers around at sites like Blenheim Park at Junction 26, Castlewood at Junction 28, Access Point at Junction 28, EMDC at Junction 24A, and Gazeley’s G Park site at Newark.

At these design and build sites our developer clients know the economy is tough and that cost is usually the key relocation driver. Therefore, it is these clients who are winning the race to secure design and build occupiers through listening to their needs and structuring clever deals that enable financial efficiencies to be achieved, often making design and build options as financially attractive as options on existing units, with of course the added benefit for occupiers of taking a bespoke property.

So design and build projects can work and some notable deals are being done at locations likes Clowes Developments’ sites at Castlewood and EMDC, with occupiers identifying efficiencies which make these projects work for them.

But away from those headline deals I think we are inevitably looking at supply lagging behind demand for a while. The bad news is that I think that could well hamper economic growth, and government may need to consider whether investment in infrastructure (notably the A453!) could unlock the kind of development which we know there is an appetite for.

For the foreseeable future, what the business bedrock needs is information and advice about good quality second hand stock.  The answer to that?  You know where I am!

Latest news

FHP are delighted to announce the letting of Unit K at The Steps on Plumptre Square in The Lace Market to NEST. The scheme offers a mixture of office and retail units located close to the Capital FM arena, perfect for small and medium sized businesses looking to benefit from the prominence that the location offers.

NEST, a residential management company are looking to benefit from the main road location and the quality working environment that has been created.

Mark Tomlinson, surveyor at FHP commented:-

“I am delighted that we achieved this letting, NEST already look well settled and their quality fit out really breathes new life into the scheme.  I am sure that other businesses will follow their lead and look to capitalise on the prominence of the location and the competitive rental terms on offer”

Mark Tomlinson added:-

“We are close to achieving a sale of the whole development and the new investors plan an extensive refurbishment programme to enhance the space on offer.  The benefits of well presented accommodation with its own front door should be plain to see in the coming months.”

Latest news

At the time, I thought I was being pretty brave to leave the comfort zone of Savills and cross town to join FHP. Job security at Savills was high and yet I had little doubt that the world as we knew it was on the slide.

My fears were justified, with the economy hitting a wall. But the lure of working for one of the biggest names in Nottingham was too big to resist. Four years on, I know I made the right move – I’m still standing and, just like FHP, I’m all the stronger for it.

Here’s my own account of how the world we operate in changed:

September 2007

I got married, went on honeymoon, came back and started at FHP. All in the same month.  I don’t do things by halves…

I took on FHP’s city centre office stock and, although the quality was there, so was the quantity.  Even at this level of the market times were tough and we were clearly beginning to hit the brakes. Blind confidence kept the market moving, but supply was still outstripping demand.

Deals were hard work, with rents dropping and landlords trying to keep ahead of the fall.

Quality locations like The Atrium saw rents drop to £10 a square foot.

But there were 22,000 of those square feet available there in 2008, and The Atrium wasn’t alone.

Where we once had queues of people and rents at £16 per square foot, we now had few takers able to choose the pick of the deals. Many landlords were still hesitating as they had been able to achieve so much more only a short time previously. 

September 2008

Lehman Brothers. Need I say more? My worst fears were starting to be realised.

I was still the new boy at FHP and times were hard. There weren’t enough deals and even those which you had down as “surefire” would drag on for months or fall through as confidence drained away.

The big problem – one still around today to some extent – was matching the expectations of landlords to those of the now all-powerful tenant/purchaser. Longing for the “good old days” was no use – you had to get the deal done and beat other landlords to the finish line.

With empty rate liabilities and service charges burning a hole in the landlord’s pocket, incentives rose as lease lengths fell. There was a sense of paralysis and at times people didn’t even want to downsize for fear of getting it wrong

September 2009

Unemployment hits its highest level since 1995. And The Sun jumps ship to the Tories. Times were still tough and it sometimes looked as if it was getting worse.

However, there was a chink of light at the end of the tunnel as FHP saw a number of new instructions begin to emerge – notably Wheatcroft Business Park, The Point and No 1 Nottingham Science Park. In better times they would have been full by now.

Our whole team jumped on these opportunities, but I was charged with handling them. It gave us something to get our teeth into but also reminded us that if we didn’t look after our clients, someone else would.

Generally, larger lettings just weren’t happening. But we took some solace from 15,000 sq ft of deals at The Atrium and a similar level of lettings at 30-34 Hounds Gate.

September 2010

Elections, ash clouds and an oil spill. Okay, they didn’t happen in September but they all had an effect which lingered for months. Nick Clegg said “Hold your nerve and we’ll change Britain.”

I’ve used it out of context, but it summed up the feeling in the market. A fragile confidence was returning and it looked like recovery was on the way. Deals were on the up but everyone was hanging on the next bit of news – the election result, the Budget, the Spending Review.

But finally we were seeing some movement and as we headed towards 2011 you could feel things improving. Deals were being done. Quality of presentation and marketing was important but the key driver was still the deal. Landlords were accepting their relationship with tenants had changed and they needed to be looked after at all costs.

Good news? At Southreef, Crytek took 16,500 sq ft. Over 17,000 was let to Ikano at Waterfront Plaza. And at No 1 Nottingham Science Park 15,000 sq ft was let to Chinook, and 10,000 to Changan.

September 2011

The Japanese earthquake, the Royal Wedding, threatened defaults on sovereign debt, Greek bailouts (that’s enough bad news, thanks).

It’s still an uncertain picture, but that doesn’t change the fact that this has been a better year. FHP has filled Wheatcroft Business Park and Waterfront House. We’ll soon be following suit at The Atrium, where we have only 3,000 sq ft available. In our time as agents at No 1 Nottingham Science Park we have seen more than 30,000 sq ft of deals concluded.

Rents have been creeping back up. Our first deal at Wheatcroft was £10.50 psf, but we are now back to £12.50. We’ve also seen excellent activity levels in smaller offices.

How has my team changed? It’s bigger than when I started and we now have real confidence and energy. We’re picking up high quality instructions, such as Bradmore Business Park, and following FHP’s acquisition of Pearl House on behalf of clients, and new instructions such as Apex Business Park in Nottingham and in Osiers Business Park and Equinox in Leicester, we are bringing new stock to the market.

In a strange way, I’ve really enjoyed the last four years. It’s been a rollercoaster.

The future…

Which brings us on to 2012, the year of the Olympics. At times over the past four years it’s felt like a permanent 100m sprint.

The speed may have relented a little, but the pace and the pressure are still intense.

The world seems to be going through yet another hiccup at the moment but we have to keep our eye on the long-term in Nottingham. As stock levels diminish we will see steady, incremental growth in office rents. There are new build schemes like Unity Square, Trivett Square, the Sentinel and the Portal all lining up to capitalise on this.

Ironically, when the Olympics are over the race could be on in Nottingham. Money is being lined up to invest here in retail, in transport, in an enterprise zone.

I don’t think it will be long before the next phase of new build schemes gets under way.

Latest news

A LANDMARK industrial building which languished on the market unsold for a year was disposed of within four weeks after its owner switched marketing to the Nottingham property consultancy FHP. 

Steve Nyland, the head of the post-press equipment business Nyland Graphics, had been trying to sell the 45,000 sq ft property at Grange Close, Alfreton so he could switch to a more suitable location. But after 12 months on the market with another property agent no buyers had come forward.

But when marketing was taken over by Tim Gilbertson, industrial partner at FHP, a deal was secured within the space of a month.

Tim Gilbertson said: “Even if you are not marketing a property you can only get a rounded picture of the market by making yourself familiar with everything that is out there, and I had been aware of the Nyland Graphics site for some time. It is a large, modern building in a well-known strategic location and the apparent lack of interest really surprised me.

“I first got to know Steve Nyland because he contacted FHP to discuss the options for relocating, and I had no hesitation in saying to him that I believed the demand for his site was definitely out there and that we could probably secure a sale relatively quickly. Four weeks later we proved the point! 

“There is no question that the market isn’t easy because of all the negative sentiment out there, but people have become far too quick to dismiss the potential for opportunities. I have been operating in the east Midlands industrial market for years and I know that underneath all the headlines there is a bedrock of demand still out there from specific industry sectors and from those carefully-run privately-owned businesses who have conserved their cash.

“Some of these businesses need to expand and give themselves breathing space and they see this kind of market as the right time to strike a competitive deal. I’m not going to apologise for saying that if there is a deal out there to be had then FHP will find it!”

Gilbertson added: “In the case of Nyland Graphics we not only had a modern, high quality building within yards of the A38 and less than a mile from the M1 at Junction 28, we also had a site which offered substantial room to expand further. The only puzzle was why it hadn’t sold – but we solved that puzzle very quickly!”

FHP secured a sale after relaunching the building with fresh marketing material containing high quality photography. It also focused the marketing on the property’s key selling points – a well-equipped building which was ready to occupy, good secure space with room to expand, and an almost perfect location which puts your business within easy reach of theMidlands’ main arterial route network.

“We found a purchaser literally within a matter of days, agreed terms quickly and instructed solicitors. The total time from first point of contact to finally submitting our invoice was only eight weeks!” said Gilbertson.

Steve Nyland commented: “I became aware of FHP when I started looking for somewhere to relocate to. Tim made every effort to offer what was available, he was straight-talking and he knew what we wanted. So I had every confidence that he was the right man to sell our site in Somercotes. He is now concluding our relocation purchase and I want to say a big ‘well done’ to FHP.”

Tim Gilbertson says that while wider market conditions remain difficult, the bedrock of demand in the industrial sector in theEast Midlandsis now butting up against a dwindling supply.

He added: “We can’t promise we will be able to dispose of everything we see, but it is clearly wrong to dismiss the market out of hand. I have known this market for years, I know there are businesses out there who do need to relocate – and I know a good prospect when I see one!”

Latest news

FHP Property Consultants are delighted to announce that George Dunnicliff is now a qualified ‘Chartered Surveyor’.  George has completed two years of training and passed his Assessment of Professional Competence (APC).

George is now a member of the Royal Institution of Chartered Surveyors (RICS), the world’s leading professional body for qualifications and standards in land, property and construction.

Adam Wilson, Associate Partner and Head of the Derby Office of FHP Commented;

I am delighted that George has now reached the status of Chartered Surveyor.  It is richly deserved and I am in no doubt that he will go on to have a successful career in property.  George has proven to be an invaluable member of the team and has already established himself as a commercial property agent.  In particular, George is now considered to be one of the key retail agents in Derby City Centre, with a number of lettings in the Cathedral Quarter area.  This qualification is testament to the hard work and efforts that George puts into his job, and I am sure that George will continue to become even more influential in the local property markets.

George Dunnicliff Comments;

“I was extremely pleased to pass my qualification and achieve the chartered status of which will put me in an excellent position for my future career. FHP has provided me with the platform of training and guidance to enable me to carry this qualification out and I would like to thank all at FHP who have helped in the process.”

Pictured left to right; Adam Wilson and George Dunnicliff.

 

Latest news

Reflecting on my first year at FHP and how a career as a Property Manager compares with previously held positions during my working life and also attending University as a mature student.

Having spent almost 20 years in the Royal Air Force working on predominantly fast jets and guided weapons where the emphasis was on training and teamwork, which prepared us to overcome the many of the adverse situations we faced as part of our routine work in the Royal Air Force.  I would say that the main similarities between working in the Royal Air Force and working at FHP is the sense of operating as part of an integrated team.  This in my opinion is without a shadow of a doubt the single biggest reason for FHP’s continued success in this extremely difficult property market.

Having completed a four year Real Estate Property Management course at Nottingham Trent University and graduating with a BSc (Hons) in Real Estate Management in 2009.  I then went on to secure a position within FHP, this is the day I started to learn about Commercial Property Management.

A good life analogy in my opinion is with that of passing your driving test and I am sure many will agree that this is the day you start to learn to drive.

A four year sandwich course in Real Estate Management at Nottingham Trent University does not prepare you for the wide range of tasks and situations you encounter on a day to day basis as a Property Manager at FHP.

The Property Management Team covers a wide range of tasks in their day to day management.  From dealing with problems raised by tenants, to looking at the investment overall and how to maximise the returns.  No one day is the same!

I certainly never envisaged after such a short time after leaving University I would be managing a property portfolio consisting of a wide range of property types and sizes with a diverse range of tenants.

Although I work for a range of clients, some have one or two properties which form part of their pension fund, others have much larger and diverse property portfolios and have a more entrepreneurial flare to their approach.  Every client and property is as important as the next.

One of the more enjoyable parts of the job is getting out and meeting the tenants, seeing what they do and how they operate.  This also allows us to build up a relationship with them and spot potential problems early, thus mitigating the effect on our client.

One recent unit which I inspected in Long Eaton has recently had Laser Shape move in, and for those who think manufacturing is dead in the UK, think again!  I can assure you it is very much alive and kicking and Laser Shape are living proof.

So one year on!

Steep learning curve!

  • Manage large diverse property portfolio!
  • Work for a wide range of clients.
  • Work with an even wider range of tenants.
  • Without a doubt this has been the fastest year of my life!

 

Latest news

FHP Property Consultants together with joint agents Ockleston Bailey have secured a new letting of Unit 6, 6-10 Albert, Derby to PDSA on a new 10 year lease at a rental of £29,000 per annum subject to a tenant only break option at the end of the fifth year.

The premises which occupy a busy location immediately adjacent to Derby Covered Market, were formerly occupied by Brighthouse who relocated within the city centre and following a period of proactive target marketing, PDSA were identified as having a lease expiry on their existing branch in Cornmarket where they were paying a substantially higher rental.

Mark Bradley of FHP commented:-

Once we became aware that Brighthouse were not intending to renew their existing lease, a target list of potential occupiers was identified including those with lease expiries in the city centre from our extensive database.  The development at Albert Street is favoured by charity shops and therefore PDSA were quickly highlighted as a potential occupier and following a period of negotiations, terms were agreed for a new lease.”

Latest news

The FHP Residential Block Management team are pleased to introduce a new recycling scheme at the Park Wharf apartments on Haslam Street in conjunction with Nottingham City Council (NCC).

The recycling scheme, which is to be launched with collections beginning the week commencing 21st November, will allow residents to recycle certain items of rubbish in orange bin bags which are specially provided by the council. The orange bags are then to be placed into and collected from the same bin as the regular household waste. The orange recycling bags are separated out after collection and the recycling items are sent off to recycling plants.

The types of waste recycled make up about 36% of general household waste and will help NCC to reach their target of increasing the amount of recycled and composted household waste to 50% of total waste by 2020.

FHP Residential Block Management team is working closely with NCC and aims to launch similar recycling schemes to other city centre apartment blocks that they manage in order to provide a corporately responsible service to their clients.

Alice Foster from FHP comments ‘the introduction of the new recycling scheme at Park Wharf will be a positive start for FHP to co-ordinate the provision of the service to our other residential block clients. We hope that the orange bin bag method of recycling that Nottingham City Council has proposed will be a success due to the ease of recycling items that may have otherwise been thrown away with the general household waste.’

Latest news

FHP are delighted to announce that they have completed a letting on further space to Chinook, at its European headquarters at No. 1, Nottingham Science Park.  As a result Chinook are looking to start taking on more skilled engineers.

Chinook Science moved into the building a year ago and has now agreed to take an additional 5,000 sq ft of office space on top of the 15,000 sq ft it already occupies. This means that there is now only 2,700 sq ft of office space within the 40,000 sq ft building and the design and build site left.  

James Hartley of FHP commented:

“This further letting is testament to the quality of the office space at No.1, Nottingham Science Park the No.1 development has been a hugely success development in recent years attracting an exceptionally high calibre of tenants.  The main area we are looking at on the park is the 6 acres design and build land that we have available.”

Chinook commented:

“The expansion has come after an increase in demand for industrial renewable energy technology RODECS. It is thought to be the world’s only industrial gasification system which universally develops waste material without any type of pre-processing.

Harry Perry, Chinook Sciences, Technical Director, commented:

“It is an easy decision to invest at the Science Park with the pool of talent available in the region, and combined with the quality of the current workforce, we will be able to grow and fully support Chinook’s wide ranging activity in the waste to energy field.”

Latest news

Acting on behalf of a private landlord, FHP Property Consultants have let Unit 3, 25 High Road, Beeston to mobile phone operator Phones 4 U on a new 10 year effectively full repairing and insuring lease at a rental of £35,000 per annum.

The premises which comprise 1,898ft² ground floor sales were previously occupied by Dorothy Perkins, who in keeping with a number of Arcadia Group companies, have been rationalising their store representation throughout the UK and decided not to renew their lease upon expiry.

Mark Bradley of FHP, who represented the private landlord commented:-

Following the decision by Dorothy Perkins not to renew their lease, I was pleased to secure a letting to Phones 4 U in a relatively short timescale at a rental in excess of that which the former tenant was prepared to offer and to an operator which is more likely to thrive in the current economic climate.”

 

Latest news

FHP are pleased to announce that they have been instructed to manage two substantial residential blocks in Nottingham, further establishing their position as one of the major residential block management companies within the City.

LMPS Pictureworks Limited awarded the management of The Pictureworks, a significant landmark in Nottingham’s southside regeneration to FHP Property Consultants. Comprising 128, one, two and three bedroom apartments and penthouses built to the highest of modern specifications. 

On behalf of Lace Market City Living Ropewalk Limited, FHP have been appointed to manage 111 The Ropewalk, a luxury development consisting of 48, one and two bedroom and penthouse apartments situated in one of Nottinghams most exclusive areas.

Latest news

FHP Property Consultants have been appointed to the ‘Derby College Framework for Property Agents’. FHP will provide strategic property advice to the College over the next 3 years. The type of work is likely to include site disposals and acquisitions, lease consultancy and valuation.

Derby College is one of the largest and most successful Further Education Colleges in the UK with approximately 28,500 students and 1,700 members of staff. It was created in March 2002 following the three-way merger of Derby Tertiary College Wilmorton, Broomfield College and Mackworth College Derby. Since then it has grown to become a trusted education provider with an enviable reputation for innovation, quality and inclusion.

Adam Wilson of FHP commented: “I am absolutely delighted that we have been appointed and very much look forward to building our relationship with Derby College. The College is going from strength-to-strength, offering local students a range of course with excellent facilities. We are very excited to be working alongside such a dynamic and progressive institution. We were asked to tender for the role and were up against some tough local competition. However, our experience in this sector, together with our expertise in providing strategic property advice helps keep us ahead of the field ”. 

FHP are specialists in the Education Sector providing advice to both Higher Education and Further Education institutions. For further information or for advice, please contact Adam Wilson

Latest news

Tim Gilbertson, Partner of FHP has been appointed by Scottish Widows Investment Partnership to market their prime distribution unit at Firth Way, Blenheim Industrial Estate, Nottingham, which sits just off the M1 Motorway at Junction 26 and extends to approximately 96,084ft².

With the benefit of quick access to the Motorway plus excellent road links to the centre of Nottingham via the A610, the building is one of the best in the region and sits in an unrivalled location.

Comprising fitted warehouse space with 10 metre eaves, two storey fitted offices and large secure yard, it is anticipated that the building will fill a gap in the Nottinghamshire market as little or no high quality stock of this size has been available for some time.

Tim Gilbertson commented:

“High quality stock of this size in Nottingham has been in short supply in recent years. 

The availability of this building will be an interesting test case as I believe there are any number of ‘unknown’ requirements that will emerge from the marketing of this building as parties have not previously come to the fore due to the lack of supply, as in this sector they are generally well informed and know the availability of opportunities.

No opportunities equals no demand but I feel this building will quickly create interest in the market place.  The location it benefits from is unrivalled, being just 2 miles from Junction 26 of the M1 and for any distribution company this is an ideal building.  The building is fully fitted, has a large secure yard and its ease of access to both Nottingham and the Motorway really should make it an attractive proposition.

Full marketing will commence shortly but early expressions of interest are sought and a new lease is available”.

For further information, to discuss or arrange to view please contact Tim Gilbertson at FHP on 0115 9507577.

Latest news

FHP acting on behalf of Orchid Group have put “under offer” the former Quilted Llama and Prohibition bar/club on Weekday Cross, Nottingham at a price close to the asking price of £750,000.

David Hargreaves confirmed that the property had been “under offer” previously for approximately 4 months, but the sale had fallen through.  The property was then remarketed and 3 offers were received, 2 on a freehold basis and 1 on a leasehold basis.

He commented: “We have seen an improvement in the leisure sector over the past 6 months as evidenced above, with a number of properties which have been on the market for some time now placed “under offer”.

The property is situated opposite the Nottingham Contemporary Art Gallery, between Living Room and La Tasca, on the prime Lace Market circuit.

 

Latest news

East Midlands Property Advisor of the Year, FHP, have open a new residential office for their FHP Living brand.

The office, which sits between Caffé Nero and Escabeche and opposite Pizza Express on Bridgford Road, totals some 3,000 sq ft and has been designed by Roger Harrison Architects who commented:  “The ground floor was originally a bin store and by extending the property forward and also to the rear, we have been able to create a state of the art reception area with a stunning first floor showroom which has been finished by Charlotte Mawhood of FHP Living Interiors.”

Andy Avison of FHP Project Managers managed the £350,000 job, whilst Harry J Combellack Limited were the main contractors.

David Hargreaves, one of the founding Partners of FHP, said:  “The double height glazed shop front certainly stands out and has undoubtedly added to the attraction of West Bridgford.  Our offices, very much like our service, are very bespoke unlike anything offered by any other agent in Nottingham.”

David Hargreaves confirmed that Steve Parker will head the office, with Jules Hunt, Ollie Marshall and Alice Foster all moving over from the city centre office of FHP Living.

David Hargreaves went on to say that the opening of the West Bridgford office is a response to the demand for their sales and lettings services south of the river, but that the West Bridgford office will also benefit their clients in The Park, Mapperley Park and the City where FHP Living dominate these markets.

“We have learnt over the past 2 or 3 years that many customers look at The Park, Mapperley Park and West Bridgford and that there is significant movement between these areas.”

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