The ability to buy freehold industrial and warehouse space around Nottingham has been incredibly limited over the last few years and particularly this has been the case when occupiers have been trying to buy buildings with large yards.

Therefore, hopefully the opportunity that Tim Gilbertson and Chris Proctor of FHP are bringing to the market at Pintail Close in Colwick will appeal to many potential buyers as Tim explains:

“Values have risen substantially in Nottinghamshire over the last few years in terms of warehouse and production space, as a result of good levels of demand, with local companies trying to expand and grow but with very low levels of supply making moves so difficult to achieve, particularly when large yards are required for vehicle parking, external storage etc.

Therefore I really hope that this opportunity that I am just bringing to the market at Pintail Close in Colwick will go well as it offers a good quality warehouse or production unit of just over 13,000ft² with large yard which is available to buy.

There is really nothing like it on the market throughout Nottingham that I can think of or indeed probably the County or even further afield so hopefully we will quickly receive interest and start showing potential buyers around.”

For further information on the opportunity or to arrange to view please contact Tim Gilbertson or Chris Proctor of FHP on 0115 9507577 or tim@fhp.co.uk / chris@fhp.co.uk.

Established Derby based business, Daher Aerospace UK, have taken additional space on Raynesway Park, within a few minutes drive of their main customer, Rolls-Royce.

FHP Property Consultants brokered the letting of this modern detached warehouse unit of 14,600ft².

Tim Richardson of FHP Property Consultants comments:-

“Raynesway Park occupies in an excellent position on the south east side of the City on Raynesway, providing fast access on major trunk roads both round Derby and beyond including the A50 dual carriageway  linking to the M1.  Being within a few minutes drive of their major customer and their own UK headquarters in Sinfin was a main consideration, and the refurbishment by the landlords has provided a high quality space.

We are currently experiencing a shortage of modern space within Derby and the surrounding area.  Indeed, on Raynesway Park the adjoining units of 11,000ft² are under offer and Unit 2 of 5,000ft² has also recently been let.”

Daher Aerospace are renowned experts in industrial integrated logistics, flow line handling equipment, engineering, and industrial packaging with their UK headquarters in Derby.  The business is represented in 11 countries with a global revenue of €1.2bn, specialising in aerospace and advanced technologies.

For further information please contact Tim Richardson from FHP Property Consultants on 01332 224 857 or email timr@fhp.co.uk.

I want to thank Anthony for all his hard work in the sale of our unit at Little Tennis Street South, Nottingham.  I have been most impressed by his professional approach and helpful manner and by the way he has kept me informed of progress.  Rest assured if I ever want to buy or sell commercial property, Anthony Barrowcliffe would be my first and only contact to appoint.

I brought F2 Trent Park Trading Estate to the market late Monday afternoon, to then put this under offer first thing Wednesday morning, with 3 offers being received and not even enough time to erect a marketing board.

Unit F2 was a mid-terraced warehouse unit with internal mezzanine offices on a shared estate, measuring in at 2,020 ft² and being located just off the popular Little Tennis Street South in Colwick, Nottingham.

Anthony Barrowcliffe of FHP comments: –

“Priced competitively and sold quickly, fulfilling the client’s instructions exactly. My instruction was to achieve circa £80psf and to complete on this as quickly as possible. From start to finish the whole process took less than 4 weeks, this demonstrating that quick deals can be done at good levels.”

John Lennon the former owner of F2 Trent Park Trading Estate comments: –

“I want to thank Anthony for all his hard work in the sale of our unit at Little Tennis Street South, Nottingham.  I have been most impressed by his professional approach and helpful manner and by the way he has kept me informed of progress.  Rest assured if I ever want to buy or sell commercial property, Anthony Barrowcliffe would be my first and only contact to appoint.”

For further information on how FHP can help with the sale or letting of your commercial property, or for assistance helping you find the right property to meet your requirements, please do not hesitate to contact FHP.  We also offer a variety of other services to both landlord and tenant such as reducing your business rate liability or assisting with upcoming lease events such as lease renewals or rent reviews.

For more information on this press release, please contact Anthony Barrowcliffe of FHP Property Consultants on 0115 841 1148 or alternatively email anthony@fhp.co.uk.

An industrial unit in Nottinghamshire has been acquired by Tim Gilbertson on behalf of Rotherhill Developments.  The unit was marketed by Rob Haigh of Lambert Smith Hampton.

Tim Gilbertson, Director of FHP acted on behalf of long term clients Rotherhill in swiftly identifying the opportunity and concluding the purchase.  He commented:

“This was a rare opportunity to purchase a standalone unit with a substantial and secure yard, ideally situated for access the M1 motorway”.

The acquisition was overseen by Ed Jeffery, development manager at Rotherhill.  Ed commented:

“This is a strategic purchase providing a number of opportunities which we are currently progressing.  The property has required clearance and partial demolition ahead of refurbishment, with further expansion being considered.  Full details to be announced in the near future, but our thanks to all parties involved and to Tim in particular for bringing this to our attention.”

Tim Gilbertson concluded by adding:

“I was delighted to acquire this opportunity for Rotherhill, on whose behalf we have had terrific success recently acquiring and disposing of space from as little at 1,500ft² up to 70,000ft².  They are very active in the market and this was a great deal for all concerned, evidenced by the speed with which the transaction was agreed and then completed.  We look forward to announcing further plans for the unit and site in the near future.”

PMW Properties excellent Optimum Business Park scheme at Swadlincote is now down to the last available unit following the completion of a sale brokered by Tim Gilbertson of FHP with joint agent Phil Randle of Salloway.

The latest deal sees local occupiers, Astec Conveyors, purchase a further building to enable their continued success and expansion leaving just one unit available on the scheme which can be purchased or rented.

Tim Gilbertson commented:

“Since its inception the scheme has been a great success.  We have attracted a range of occupiers from national brands such as Toolstation through to expanding local occupiers such as in this case Astec Conveyors.

Of the ten units built only one is now available and this can be purchased or rented.  Sadly, with no further land on the scheme this is the last opportunity so it is now or never for any occupiers thinking that the time is right to buy or rent new space.

The last unit is just over 4,200ft² and anybody buying here will be making a sensible decision as evidenced by the other occupiers we already have on site.”

Phil Randle of Salloway added:

“It has been great working on this scheme, it is just a pity there is no further land available for an extension to it.

It has really filled a gap in the local market, particularly on a freehold basis where stock has been impossible to find for a number of years.  No doubt the final unit will go under offer shortly and we will be putting up the ‘full house’ signs at Optimum Business Park!”

For further information on the last of the units please contact Tim Gilbertson on 0115 9507577 / tim@fhp.co.uk.

FHP Property Consultants working with Clients, PMW Property, are pleased to confirm that West Way has reached full occupancy following deals with Permaroof Limited, Excel Press Limited and The Silver X Group Limited.

The lettings combined a total of over 100,000ft² in size and further highlight the demand from local, regional and national Tenants around J28 M1.

Matthew Wrigley of PMW Property commented:-

“After a short period in having the properties vacant, between ourselves and FHP the site is now back to full occupancy. All new tenancies are companies known to ourselves and FHP, all local companies and all expanding. It is great to see all these local companies expanding like they are especially with so much uncertainty floating around us currently”.

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

“We are working with PMW Property on a number of their units across the region and are delighted to see further success being achieved at Cotes Park Industrial Estate.

We have further space available in the area most notably across the road on Birchwood Way with a large industrial unit of circa 31,000ft² with ancillary office and yard space available to let on highly competitive lease terms and we would be delighted to discuss this opportunity with any interested parties”.

For further information on industrial opportunities please contact either Chris Proctor or Tim Gilbertson on 0115 950 7577 or alternatively email them at chris@fhp.co.uk or tim@fhp.co.uk.

END

Chris Proctor

Tel: 0115 9507577 / Email: chris@fhp.co.uk

Date:  28^th March 2019

FHP Property Consultants are pleased to have achieved a sale of industrial premises and yard space on the Quarry Hill Industrial Estate in Ilkeston, Derbyshire.

Following an extensive marketing campaign, offers were invited from interested parties and terms agreed for Advance Auto Recovery to purchase the premises.  The property comprises 2 industrial buildings totaling 6,421ft² on 0.75 acres, having a guide price of £600,000 and for many years was previously the home of AC Generators.

Tim Richardson from FHP Property Consultants comments:

“The property suits Advance Auto Recovery ideally having both workshop space and substantial yard, and also being within easy access of the M1 Motorway.  There were a few hurdles to overcome including obtaining planning consent and the legal process and I am pleased that in the end we had a successful outcome.  The interest in the site demonstrates that there is strong demand for freehold premises across the region and businesses are still looking to acquire premises for relocation”.

Advance Auto Recovery have been established for over 30 years, operating as a 24 hour breakdown, rescue and Recovery service to fleet customers, private motorists and major breakdown and recovery organisations.  They also undertake specialist and prestige vehicle transportation.

Ian Meads from Advance Auto Recovery comments:

“We are pleased to have secured these new premises which will allow for our expansion, enabling us to offer an even higher level of service to our customers and a new training centre”.

For further information please contact Tim Richardson at FHP Property Consultants on 01332 224 857 or email timr@fhp.co.uk.

When the 2017 Rating List came into effect on 1 April 2017 the Rateable Value of all business properties within England and Wales changed, some Rateable Values went up and some went down, there were winners are losers across the country.

As a result, the Government introduced a transitional relief scheme which essentially phased in increases and reductions over a period of years.  The Government also allocated additional funding to Local Authorities to give additional relief to companies who were facing the increases in their particular areas.

The cost of the scheme in the 2018/2019 financial year to Leicester City Council was originally estimated at £626,000 but it is understood that the implementation of the scheme actually cost less than this.  As a result Leicester City Council have decided to limit the net increase in business rates payable for ratepayers occupying properties which fall within the £20,001 – £100,000 Rateable Value of 6.2% instead of 8%.  This is subject to a cap on the relief of £10,000.

The local transitional relief scheme in Leicester for 2018/2019 is as per the table below:

Alastair Fearn, Director within FHP’s Business Rates Team commented:

“The alteration to the scheme by Leicester City Council is purposely targeted at limiting rate increases for smaller rate payers whilst those ratepayers who occupy the Rateable Value of over £201,000 will have no limit relative to the Government guidelines.

Ratepayers in Leicester with a Rateable Value of between £20,000 and £100,000 may well be seeing a refund come through in the next few weeks.

We are very active within Leicester currently advising a number of ratepayers in relation to not only reducing their Rateable Values but advising on business rates mitigation whilst they are empty and also reducing Rateable Values to £0 whilst buildings are undergoing reconstruction or significant repair works.

I would be pleased to speak to any ratepayers who have queries about their bill or are interested to find out if we can help reduce their business rates payable.”

FHP have had great success over the last 12 months in Ilkeston, managing to let, sell, buy and provide strategic property advice to both landlord and tenant.  We have achieved this on the Quarry Hill Industrial Estate, Booths Industrial Estate, The Ropewalk Industrial Estate, Hallam Fields Road, and Manvers Industrial Estate to name a few, with previous success on Digby Street, Belfield Street, Lows Lane and Cossall Industrial Estate.

The deals done range from 500ft² – 10,000ft², and demonstrates how well the small to medium sized industrial market is performing and continues too.  We have achieved record high rental and capital values over the last 12 months and see no reason why this will not continue. Levels of demand remain high with a clear lack of stock within this sector, with new build space still remaining very thin on the ground, and as a result good quality second hand space has become sought after and in limited supply.

Anthony Barrowcliffe of FHP comments;

“FHP have a great understanding of the industrial market in Ilkeston with years of experience and success in this location.  It is important to understand that our services are not only for landlords but for tenants alike.  Not only do we let and sell commercial property, but we can also assist with all upcoming lease events such as rent reviews and lease renewals and we can even help tenants and landlords reduce costs.” 

For further information on how FHP can help with the sale or letting of your commercial property, or for assistance helping you find the right property to meet your requirements, please do not hesitate to contact FHP. We also offer a variety of other services to both landlord and tenant such as reducing your business rate liability, or assisting with upcoming lease events such as lease renewals or rent reviews.

Castlewood Business Park offers prime distribution or production space at Junction 28 of the M1 at its intersection with the A38, providing the East Midlands foremost site.

With space already constructed by our clients CWC Group on the scheme of over 1.5 million sq ft, agents for Castlewood, Tim Gilbertson of FHP and Ranjit Gill of Savills are pleased to confirm CWC’s further plans for a prime 207,000ft² unit on the park.

To follow hot on the heels of CW72, a 72,000ft² warehouse/production unit which is currently being speculatively built out, CW207 is a consented scheme to provide 207,000ft² of prime distribution or manufacturing space on the park.

Literally adjoining the M1 at Junction 28, the consented unit can be erected within 34 weeks and will be available for occupiers to purchase or rent.

Tim Gilbertson of FHP commented:

“It is great for us to be able to push forward again on Castlewood to follow on the recent development of a 250,000ft² facility for Alloga and the forthcoming completion of our speculative development on site of a 72,000ft² unit.

CW207 will be a welcome addition to the scheme in a market sector with good demand, evidenced by how other developers are frantically trying to find land in the region, whilst we have what we would like to think is the best site in the East Midlands with a fully consented big shed unit which can be constructed within 9 months.

Distribution occupiers always want to be as close as possible to the M1, well at CW207 you can literally wave at passing traffic and on a site with occupiers including Alloga, Co-operative Group, Bombardier and many other household names, we really hope that this opportunity will be well received.

Castlewood’s prime location is augmented still further by the recent facilities constructed on site as we have Costa Coffee, convenience store and petrol filling station all now providing the facilities that so many stand alone distribution boxes cannot.  A great advantage for businesses to offer facilities on site to attract and retain staff but also it is great to have somewhere to nip out for a coffee for an impromptu meeting or simply have a break from work.”

For further information on Castlewood Business Park and CW207 please Tim Gilbertson of FHP on 0115 9507577 / tim@fhp.co.uk.

Over the last few years most substantial factory and warehouse facilities in the East Midlands that have come to the market have only been available to rent.  Bucking that trend, Tim Gilbertson of FHP has just brought to the market a 60,000ft² factory/warehouse facility in Alfreton which offers a rare chance to buy.

Sitting on a site of just over 2 acres, with the benefit of extensive car park, front loading yard and additional secure side yard, this former production and storage facility is available to purchase.  Competitively priced, the headquarters style building offers excellent two storey office accommodation interlinking with good quality production and storage space beyond.

Tim Gilbertson commented:

“Our market in the East Midlands has been starved of stock to purchase over recent years so hopefully this building will be well received.  Formerly used for production and storage purposes, it sits impressively on Salcombe Road forming part of Meadow Lane Industrial Estate at Alfreton, moments from the A38 and Junction 28 of the M1.  Readily accessible to both the Motorway and Derby therefore, the building benefits from a large car park to the front elevation plus loading access with a further secure side yard which also provides delivery facilities.

Hopefully interest in this one will be strong and myself and my colleagues will be delighted to hear from any potential buyers.”

To discuss this opportunity or make arrangements to view please contact Tim Gilbertson on 0115 9507577 / tim@fhp.co.uk.

It never ceases to amaze how quickly big sheds progress, proof of the pudding again with CW72, the latest building to be erected at Castlewood, one of the East Midlands premier distribution and manufacturing locations at Junction 28 of the M1/A38.

CW72, a 72,000ft² distribution or manufacturing unit is going up at present and will be ready for occupation during Q2 this year.

Tim Gilbertson of FHP commented:

“This is a great addition to the park, with over 1.5 million sq ft built already and a further 250,000ft² nearing completion for expanding occupier Alloga.  CW72, a speculatively built 72,000ft² warehouse is the latest addition to augment still further the park.

We have already had quite a rush of interest, from both potential tenants and purchasers, our clients being happy to rent or sell, particularly in light of the recent addition of petrol filling station, convenience store and Costa Coffee to the site.

On site facilities we find these days attract more and more occupiers as it is great to have somewhere to hold a quick impromptu meeting or nip out for a breath of fresh air and facilities at Castlewood are now superb which is only helping our efforts to sell or let this fantastic building.

Ready for occupation next quarter, this is a great opportunity and for any parties we have to disappoint we still have plenty of land available for design and build options, again available to purchase or rent, from as little as 20,000ft² upwards.”

For further information on the scheme please contact Tim Gilbertson on 0115 9507577 / tim@fhp.co.uk.

I am pleased to announce that FHP Property Consultants have now sold 6 Sherwood Street Mansfield Woodhouse to White Olive Holdings Ltd.

The site is approximately 1.2 acres and consists of land and a commercial building.

The purchaser, James Middleton, Director of White Olive Holdings Ltd plans to move his business Middleton Structures Ltd into part of the existing building and to fully refurbish the remaining office space.

James Middleton plans on delivering a new industrial scheme on the land alongside a potential serviced offices concept within the existing building.

James Middleton, comments:

“Working with Anthony throughout the purchase of 6 Sherwood Street has been a pleasure.  Anthony’s idea’s, knowledge, and proactiveness has certainly been a refreshing experience, from our initial enquiry through to completion and staying in regular contact after completion.  6 Sherwood Street is our largest acquisition to-date and we have appreciated Anthony’s local area knowledge, foresight and idea’s for developing the land. Once we’ve developed the land over the next 12 months, we will be liaising with FHP with a view to marketing the serviced offices and industrial units”.

Carl Hill Shareholder and Director of Circuit Group Ltd commented;

“FHP were recommended to us by a business colleague.  It proved to be a great recommendation!  Anthony at FHP came up with several ideas to stimulate interest and was extremely proactive in not only finding a suitable buyer, but also seeing it all the way through to completion.  We were very impressed by the professional approach taken by FHP and would have no hesitation in recommending them”.

Anthony Barrowcliffe of FHP Property Consultants commented;

“Through extensive marketing and lots of perseverance we managed to find the perfect purchaser for this site.  Circuit Group Ltd were great to work with during the process and we managed to overcome several obstacles together to achieve this sale.  Mansfield is a very popular industrial area; therefore, I am excited to see what Mr. Middleton develops on this site over the next 12-18 months.”.

For further information on how FHP can help with the sale or letting of your commercial property, or for assistance helping you find the right property to meet your requirements, please do not hesitate to contact FHP.  We can also assist with any potential industrial development sites and provide accurate advice on viable schemes.  We also offer a variety of other services to both landlord and tenant such as reducing your business rate liability, or assisting with upcoming lease events such as lease renewals or rent reviews.

For more information on this press release, please contact Anthony Barrowcliffe of FHP Property Consultants on 0115 841 1148 or alternatively email anthony@fhp.co.uk

Two excellent industrial units available within the popular industrial location off Wimsey Way, Alfreton.

Unit 2 Securiparc has a floor area of 5,361ft² with an additional 1,884ft² of space through a mezzanine floor.  The warehouse has 7 metre eaves, a full height roller shutter door and excellent car parking facilities.  Lease incentives will be considered, and flexible terms offered to the right occupier.

Units 4 & 5 Securiparc offer a floor area of 4,767ft² with an additional 3,085ft² of space through a mezzanine floor. The unit has 6 metre eaves, 2 full height electric roller shutter doors and every facility in place to cater for an industrial occupier.

Both units are within a secure gated site with excellent security provisions in place, and excellent access to the A38 and Junction 28 of the M1.

For more information on these available units at Secuirparc, Wimsey Way, Alfreton, please contact Anthony Barrowcliffe of FHP Property Consultants on 0115 841 1148 or alternatively email anthony@fhp.co.uk

FHP were recommended to us by a business colleague. It proved to be a great recommendation!  Anthony at FHP came up with several ideas to stimulate interest and was extremely pro-active in not only finding a suitable buyer, but also seeing it all the way through to completion.  We were very impressed by the professional approach taken by FHP and would have no hesitation in recommending them

Working with Anthony throughout the purchase of 6 Sherwood Street has been a pleasure.  Anthony’s ideas, knowledge and pro-activeness has certainly been a refreshing experience, from our initial enquiry through to completion and staying in regular contact after completion.  6 Sherwood Street is our largest acquisition to date, we have appreciated Anthony’s local area knowledge, foresight and ideas for developing the land and his methodical approach.  Once we’ve developed the land over the next twelve months, we’ll be liaising with FHP with a view to marketing several of the proposed units.

Two of the leading providers of logistics buildings within the UK have joined forces with Clowes Developments confirming that they are working in collaboration with the Global Logistics Provider, Panattoni and have now started on site building a Regional Distribution Centre of some 48,402m² (521,000ft²) which will be completed January 2020.

Northampton based Winvic Construction, who specialise in building distribution facilities, have started onsite with the 12 month build programme on Plot 1 at the East Midlands Distribution Centre.

The 521,000ft² cross docked warehouse is being developed speculatively to cater for the increased demand for distribution space within the northern part of the East Midlands region with Junction 24 in particular seeing the benefit of this trend with Marks & Spencers, Aldi, Amazon, Littlewoods and Nestle all having chosen the area for their national / regional distribution networks.  

The significance of this development is that this building is being built on a speculative basis.  There is no end occupier identified for the property as of yet hence the reason why Clowes Developments have teamed up with the global provider, Panattoni, whose Global Investors have continued to support their expansion drive within the UK.

Paul Shanley, Development Director at Clowes Developments, confirmed:-

“By teaming up with Panattoni we can deliver the largest single building that we can provide now on EMDC adjacent to the one million square foot e-commerce centre occupied by Marks & Spencers which leaves us with a further 30 acres to develop within the park which still gives us the ability to cater for units from 40,000ft² to 300,000ft² in size”.

Both Clowes Developments and Panattoni are very active within the immediate region – Clowes are shortly launching their 60 acre employment site at Clifton and are working up a further 20 acres at Castle Donington which should be brought forward in 2020.

Panattoni are onsite in both Derby and Nottingham – at the Derby Commercial Park a 371,000ft² unit is due for completion in August of this year whereas at J26 the Developers are building the largest speculative development within the region with their 714,000ft² three unit scheme now nearing completion.

Both companies are acquisitive and seeking new opportunities to expand their UK portfolios.

John Proctor of Regional Agents FHP brokered the deal and confirmed:-

“Bringing two of the major players in the distribution sector together provided the right chemistry to enable this significant inward investment project to be delivered at EMDC.

 I have worked with Clowes and the Directors of Panattoni for the past 20 years and the respective strengths of the two Developers complement each other to bring forward a unit of regional importance which can meet the continued demand that the Junction 24 area is generating.  Castle Donington and Junction 24 continues to grow both as a town but more so as a location of not just regional significance but international significance with the recent announcements of further investments at East Midlands Airport”.

The completed unit will internally provide clear space with a minimum height of 18m eaves, is roughly the size of six football pitches and is one of the largest buildings to be built within the region.

It is anticipated that upon completion it could provide up to 1,000 jobs.

FHP are Joint Agents on EMDC with Savills – the Solicitors who were involved in the transaction were the Leicester Office of Gateleys on behalf of Clowes and Ashurst LLP who acted for Panattoni.

For further information on onward availability of buildings within EMDC contact either FHP on 0115 950 7577 or Savills on 0121 200 4500.

ENDS

6^th February 2019

John Proctor

johnp@fhp.co.uk

0115 841 1130

Clowes Developments (UK) Limited have confirmed that they have agreed terms with Redrow to sell them a purpose built office building at their East Midlands Distribution Centre development site at Castle Donington.

Clowes Developments (UK) Limited have confirmed that the Division of Redrow Homes East Midlands will be relocating from their existing Pride Park, Derby offices to the East Midlands Distribution Centre over Christmas 2019.

The East Midlands Divisions existing 60 strong regional office is currently located on Pride Park in Derby but they are moving to the site at Junction 24 which is adjacent to the 900 home and 20 acre employment development which is being developed by the two companies.

Martyn Pask, the Regional Director of Redrow Homes East Midlands, confirmed:-

“We have been looking for an appropriate location to relocate our Divisional Office to aid our continued growth in the region and to serve the wider East Midlands area.  EMDC located off Junction 24 in the Castle Donington location ticked all of the boxes from our perspective as it enables our staff to get to work and readily work within the region with great communications immediately on hand. The new office with reinforce Redrows commitment to growing the Division within the East Midlands by building thriving communities, valuing our people and building responsibly.

Working with Paul Shanley at Clowes we have been able to have our office purpose built to enable us to move everybody over into the new offices over the Christmas period.  Being so close to one of our new flagship residential schemes at Foxbridge Manor which is due to open in the Spring was also an added bonus”.

As part of the housing development the two companies are building the new Castle Donington Relief Road which provides added accessibility into EMDC and will reduce the amount of traffic through Castle Donington.

The deal is the latest deal on EMDC which is the home to Marks & Spencers, Birlea Furniture, Moran Logistics and others and it is understood that Clowes are shortly anticipating making another significant announcement on the site.

In agreeing the deal Clowes are now starting marketing a sister building of a similar size, a two storey office building which will provide up to 8,500ft² of offices.

Paul Shanley Director of Clowes confirmed:-

“We have a strong working relationship with Redrow and it has been a pleasure working with a company with whom we have an ongoing business relationship.

 Martyn and his team have been a pleasure to work with and we are providing a turnkey office building for the company.

 EMDC continues to attract good interest and we are in detailed discussions with a number of parties and expect to make further announcements on occupiers within the site very shortly”.

The transaction was negotiated by John Proctor at Regional Property Consultants, FHP, with Gateley’s Leicester Office acting on behalf of Clowes.

EMDC paved the way for the resurgence in interest in the Junction 24 area, initially attracting Marks & Spencer’s one million square foot e-commerce distribution centre to the site a few years ago with more than 4,000 people currently working on the site.

For further information contact FHP on 0115 950 7577 or Savills on 0121 200 4500.

ENDS

1^st February 2019

John Proctor

johnp@fhp.co.uk

FHP Property Consultants are pleased to announce the recent letting of Unit 5 Viking Business Centre, Woodville, to BCT Aviation.  The unit comprises 1,750ft² of good quality warehouse space, and is situated off the A511 High Street, Woodville, close to its junction with the A514.

Darran Severn from FHP Property Consultants comments:-

“Viking Business Centre continues to offer great warehouse accomodation for local businesses, and we are pleased to have completed this letting.  After the initial viewing, all parties worked hard to ensure the lease was completed within four weeks.  In addition, we have achieved a new record rent at Viking Business Centre, which our clients are extremley pleased with.

There is continued demand for small industrial/warehouse units, and we are achieving higher rents when possible.  I would certainly be more than happy to speak with any other property owners to discuss the market in more detail.”

If you are still seeking premises within the Swadlincote area, we have Unit 11 available, which provides 1,330ft² of industrial/warehouse accommodation.

For further information please contact Darran Severn on 07917 460031 or darran@fhp.co.uk.

I am thrilled to announce that we have now completed on the successful subletting of 1b Isabella Court, on the Millennium Business Park, Mansfield.

This was an excellent result for all parties involved, especially the tenant, mitigating their losses until the end of the lease term, saving a considerable amount of money and cost.

1B Isabella Court is an excellent modern industrial unit on the established Millennium Business Park with a current lease in place until the 22^nd September 2022.  The task here was to either assign, sublet, or surrender the lease in order to reduce the tenant’s cost for the rest of the term, as the tenant no longer had a need for this unit.  Alongside assisting the tenant, we also managed to fulfill Cortec Engineering Limited’s requirement whom we have been in contact with for some time, this subletting helping them move into a larger and more suitable unit.

Anthony Barrowcliffe of FHP comments: –

“I am delighted with the outcome for both tenant and subtenant and that I could assist fulfilling both requirements.  Not only do we offer our services to landlords we also offer our services to tenants as demonstrated in this deal.  I would be thrilled not only to meet landlords but tenants alike to discuss any property related matters and how FHP can potentially assist.  Whether you require assistance disposing of your surplus premises, moving to smaller premises, reducing your business rates liability, or dealing with upcoming lease events such as lease renewals and rent reviews, FHP can assist.”

For further information on how FHP can help with the sale or letting of your commercial property, or for assistance helping you find the right property to meet your requirements, please do not hesitate to contact FHP.  We also offer a variety of other services to both landlord and tenant, therefore look forward to hopefully assisting in whatever capacity needed.

Rotherhill Developments superb Crosslink 646 scheme just south of Loughborough and north of Leicester off the A6, has given the East Midlands industrial and distribution market a terrific start to 2019 as their agents Tim Gilbertson of FHP and Mike Allwood of Andrew & Ashwell are delighted to announce the completion of the first two deals on the site.

Freehold design and build sales have been agreed which will see two units developed on site, with work starting now for buildings of 29,000ft² and 66,000ft².

Both of these deals will see local Leicestershire based companies expand into purpose built accommodation, one for warehousing purposes and the other for both manufacture and distribution use.

With full details to be announced shortly, the agents commented:

“What a great start this has been to 2019!

When asked to start marketing this scheme we knew it was a great opportunity, Leicester, Loughborough and indeed Leicestershire as a whole are starved of good quality production and storage space and Crosslink 646 has certainly filled the hole as we anticipated.

The 66,000ft² unit will be delivered for occupation in Q3 this year with the smaller one to follow for our manufacturing occupier later in the year.

The great news though is that we still have a further plot available where we are looking to develop out a unit of up to 128,000ft² which again can be purchased or rented.  With the strength of the market it is entirely possible that we can carve up this plot as well to offer smaller units but already have a number of discussions ongoing with potential occupiers for over 100,000ft² and with the forthcoming activity on site we very much hope that these enquiries will develop quickly.

However, for any parties looking for between 30,000ft² and 130,000ft² to buy or rent in a prime location just off the A6 and therefore within moments of Junction 21A of the M1 then we would be delighted to hear from them.  Crosslink 646 offers one of the few opportunities in the region to buy or rent bespoke built warehouse or production space and with the success encountered so far due to a great product combined with a great location and a developer who really understands occupiers needs, we are confident of further success shortly.”

Tim Gilbertson can be contacted on 0115 9507577 / tim@fhp.co.uk.

Set in a prime position just off the A38 at Junction 28 of the M1 Motorway, Tim Gilbertson of FHP is pleased to offer excellent warehouse or potential production space at South Normanton, set within moments of the M1 Motorway at Junction 28.

With the benefit of a large car park, and large self contained securely fenced and gated delivery yard, the building offers two storey offices interlinking with excellent warehouse or potential production space in a superb location.

Tim Gilbertson commented:

“This building is a real boon to the market, units of this size and specification don’t often come available and therefore we would hope to encourage interest quickly in the building.

The unit extends to just over 40,000ft² and should fill a gap in the market as there is little or no stock in this size range in the region and hopefully strong interest will be created from our initial marketing.

For any party that would like to discuss or view then please contact myself or my colleague Chris Proctor on 0115 9507577.”

Victory Park is set to become one of Derby’s most successful commercial developments with the imminent development of its final phase, a scheme of three new industrial/warehouse units which should ready for occupation by the end of the year.

The development is being undertaken by Revelan Group, industrial property specialists with an excellent track record of providing high-quality buildings, and who have now submitted a planning application for the properties.

The business park is situated next to Rolls-Royce’s civil aerospace campus and has already attracted high-profile companies such as Gardner Aerospace, Intertek, Western Power Distribution and Seamers Joinery.

FHP Property Consultants and Salloway Property Consultants are working together to identify occupiers for the industrial units.

Interest has already been high with pre-sale terms agreed for one of the three units that, subject to planning, has accelerated the speculative development of the remaining two units which will be circa 13,540 sq.ft. and 28,288 sq.ft, and will be available either for sale or to let upon terms to be agreed.

Tim Richardson, Director at FHP Property Consultants, said: “Both available units will be detached buildings on their own secure fenced and gated sites with dedicated service yards, two storey offices, generous eaves height and loading facilities.  At this stage the buildings can be tailored to suit individual requirements allowing for a certain degree of flexibility, certainly in terms of office fit out”.

Hugo Beresford, surveyor at Salloway Property Consultants, said: “Victory Park has proved to be one of the most appealing locations in Derby. It is adjacent to the main Rolls-Royce complex, accessible from the outer ring road and has an excellent link to the A50 dual carriageway which joins the M1 and M6”.

For further information please contact Tim Richardson at FHP Property Consultants on 01332 224 857 or email timr@fhp.co.uk or Hugo Beresford at Salloway on 01332 298 000 email hberesford@salloway.com

Keylite Roof Windows have relocated their distribution facility from Swadlincote into a new 40,630ft² warehouse on St Modwen’s Burton Gateway site on the A38(T).

Keylite Roof Windows, a Keystone Group Company, have relocated their distribution facility to BG40 – a unit of 40,630ft² fronting the A38(T) at St Modwen’s Developments’ 50 acre development fronting the A38 at Barton under Needwood.

FHP (Nottingham) acted on behalf of Keylite who have committed to a ten year lease on the unit which was built speculatively by St Modwen as part of the second phase of their one million square foot scheme.

Jim Blanthorne of Keylite confirmed:-

“This new facility will provide greater opportunity for us to expand our product range and meet increasing demand for our award winning products.  Increased warehouse capacity will also allow Keylite to further improve stock hold and futureproof our business in light of external forces.  We are committed to excellent service for our customers and this new venture will allow us to service the GB market most effectively.  It has been a pleasure working with John Proctor at FHP who has always been at our beck and call throughout the negotiations and has helped us achieve our strategic objective of relocating the Keylite Roof Windows element from the Keystone Group site at Swadlincote enabling them to continue to expand their lintels manufacturing facility”.

FHP are continuing to work with the Keystone Group in helping them most efficiently to use their property assets in line with their continued expansion.

John Proctor of FHP commented:-

“It is a pleasure to be working with such a progressive group as Keystone – what has impressed me is not only the fact that they know their market but you can see the connection of everyone involved within the Keystone Group, wherever they sit in the business, which shows a hands on and team approach which has to be applauded”.

ENDS

21^st February 2019

John Proctor

johnp@fhp.co.uk

0115 841 1130

Riverside Court is situated on Pride Park, Derby’s premier business park.  The location offers excellent accessibility to the A52 dual carriageway linking to J25 of the M1 Motorway to the east, and also to J24 of the M1 Motorway to the south via the A50.

The premises comprises a detached industrial/warehouse unit, which offers good quality production or storage space.  There are excellent loading facitlities with loading doors to the front and side of the property.

Darran Severn from FHP Property Consultants Derby office comments:

“I am delighted to put this unit on the market and I look forward to handling all enquiries.  The property offers excellent modern accomodation and is immediately ready for occupation.  There is a shortage of supply in units of thie size on Pride Park, and we hope strong interest will be created quickly.”

The property extends to 15,665ft² and is available to let on new lease terms at a rent of £75,000 per annum.

Should you require any further information or wish to arrange a viewing please contact Darran Severn on 07917 460031 or darran@fhp.co.uk.

Cotes Park Industrial Estate at Somercotes sits just of the A38 at Junction 28 of the M1 Motorway and has always proved a popular destination with manufacturing and distribution companies alike.

Tim Gilbertson of FHP is therefore pleased to offer the rare chance to lease good quality industrial/warehouse space benefiting from its own large car park and additional large secure yard and storage land on Grange Close in Alfreton.

Extending to just over 24,800ft² on a 1.7 acre site, this is one of the few buildings available on the estate and Tim Gilbertson commented:

“We are delighted to bring this building to the market, Cotes Park is always well received by manufacturing and distribution occupiers alike with its excellent transport links to the A38 and Junction 28 of the M1.

Easily accessible, this building provides extensive car parking to the front elevation and additional yard and secure storage land to the rear with good quality production or storage space interlinking with two storey offices.

Immediately available on a new lease I hope we will encourage interest quickly on this building which extends to just under 25,000ft² on a large 1.7 acre site.

Myself and my colleagues Chris Proctor and Tim Richardson would be delighted to discuss with any potentially interested parties and we can be contacted on 0115 9507557 / 01332 343222.”

To be handed over to new occupiers Alloga in Q2 this year, take a look at the quality of building being constructed at Castlewood as Alloga extend their occupation on the site with a third building.

http://winvic-live.co.uk/alloga/castlewood/

Quality of build and quality of location have led to another great building going up on one of the East Midlands prime manufacturing and distribution locations at Junction 28 of the M1.

Also under construction at Castlewood at present is a 72,000ft² speculatively built unit which will be ready for occupation in the middle of the year and where we are offering occupiers the chance to buy or rent.

Again, being built to the highest specification in a prime location we would be delighted to speak to any parties who might be interested in this opportunity and Tim Gilbertson who is marketing it can be contacted on 0115 9507577 / tim@fhp.co.uk.

After suffering a recent fire at our last premises we were forced to close and find somewhere pretty much last minute. Chris pulled out all the stops to get into our new premises at Carlton road as soon as possible. I would highly recommend using FHP the service has been outstanding. I’ll now look forward to getting my new business venture off the ground.

We’re pleased how responsive and quick FHP put together a deal with a strong occupier.