Acting on behalf of investor Gill Merritt, Tim Gilbertson BSc (Hons) MRICS, Director of FHP is pleased to report the swift sale of an attractive long term investment in Bulwell.

Unit B, Camberley Court which is occupied by Nottingham Community Housing Association and has provided their main base since Tim Gilbertson of FHP let the building to them some years ago, has just been sold.  After providing income for FHP’s landlord client, the decision was recently taken to free up assets and sell the investment and FHP were instructed again to undertake this.

Despite the economic turmoil, a sale was quickly agreed, after substantial interest had been stimulated in the local market from private investors but ultimately the current occupiers purchased the building to ensure their long term occupation continued.

Tim Gilbertson commented:

“Having originally sold this building to my client when it was vacant then let it on her behalf to the current occupiers and now ultimately having sold the investment, it was with great pleasure that we saw this sale through to completion strengthening yet again our ongoing relationship with this particular client. 

I am pleased to say that our client’s expectations were surpassed once more, which is what we always strive to achieve and hopefully manage to do with the vast majority of opportunities.

At a time when deals in all sectors are scarce, we continue to try and buck the trend and yet again this deal demonstrates our ability to do so.”

Gill Merritt commented:

“Thank you for the amazing ‘quick sale’.  As always, your service and support is much appreciated.”

For further information or to see how FHP can help you and how we can try and meet and indeed surpass your expectations please contact the team on 0115 9507577. 

SOS International has become a leader in the development of specialist reclamation and recycling programmes including the reprocessing of metals for future use.  It focuses on the reclamation and recycling of specialist materials.

Peer Hashmi, chief financial officer of SOS International in the UK, commented:-

“We chose Langham Park Berristow Lane after a careful selection process and it has become home to our European operations. There were two key criteria which the site had to satisfy – a strong location and good security. In those respects, Langham Park has proved to be ideal.”

Mr Hashmi added:-

“It is a well-managed estate with good-quality refurbished buildings and excellent transport links.”

Laura West has handled a number of deals for Langham Park at different sites and completed the original letting to SOS Metals at Berristow Lane two years ago.

Laura West commented:-

“Langham Park has a reputation for choosing sites wisely and presenting them well and Berristow Lane was no exception.”

“The potential was obvious. Although this was a tired site, the buildings had all the right facilities including goods yards, docks and loading bays and even craning. Langham then invested in re-cladding and refurbishing the buildings, sub-dividing them into workable units which could be combined where necessary to accommodate different uses. The result was 140,000 square feet of well-specified, versatile and attractive space ranged over a 10-acre site.”

“As I’ve said so many times, the clincher has to be the location, literally within sight of the point where the M1 meets the A38. This puts vast regional and national markets right on your doorstep, with east-west and north-south connections.”

The expansion of an American specialist reclamation company means a strategic business location on the Derbyshire-Nottinghamshire border is now fully occupied. 

SOS International, which reclaims the advanced materials used in the aerospace industry, originally took 15,000 sq ft of space at the Langham Park development at Berristow lane, South Normanton.

Now it has signed up to a total of 80,000 sq ft at the site, with all the lettings secured by Laura West, the FHP surveyor who has handled a series of deals in business locations around Junction 28, where Langham Park is based.

The deal also marks a milestone for Langham Park, the development company set up by Mike Wrigley and Finn Mitchell, which provides new and comprehensively refurbished sites for the Midlands industrial market.

It took over and extensively refurbished what was a former textile site less than a mile from Junction 28 of the M1 and its investment has paid off with the completion of the final letting at a site which is now home to three businesses.

Mr Mitchell, of Langham Park, commented:-

“We were delighted when SOS International first decided to move into Langham Park Berristow Lane because it meant we had endorsement from a major, American-owned business operating in an important part of the regional economy.”

Laura West added:-

“The expansion of SOS International is great news for Langham Park.  “There is a steady demand in the industrial and warehouse market for businesses who have worked their way through recession and are now looking to carefully expand”.

“The only question is where they are going to find the space when demand is outstripping supply. The answer lies with experienced developers and their advisers, who have identified where the most appealing locations are. On that basis, I think we can expect a further announcement from Langham Park very soon.”

For further information please contact Laura West on 07917 460029.  

A £15 million industrial landmark now rising out of the ground at South Normanton looks likely to be the first of a series of developments at a site that could ultimately host around 5,000 jobs on the Derbyshire-Nottinghamshire border.

The new distribution warehouse for High Street giant Co-operative Group is being built by Derbyshire-based Clowes Developments at Castlewood, the strategic office and industrial site which sits alongside the A38 where it joins the M1 at Junction 28.

The structural steel work which will support the giant 477,000 sq ft warehouse has been erected in only four weeks, and when the building is complete it is expected to provide work for around 900 people in its own right. But further deals are now imminent for a site which will ultimately be home to over two million square feet of industrial warehousing, manufacturing production and offices.

The Co-operative Group project follows hot on the heels of Clowes’ construction of a one million square foot ‘mega warehouse’ for Mark & Spencer at the East Midlands Distribution Centre at Castle Donington. James Richards, of Clowes Developments, says the speed with which the latest scheme is progressing is a testament to the company’s growing reputation as a national player in large-scale industrial projects.

He said: “The Marks & Spencer development at EMDC was a real statement of our capacity to deliver major, strategic projects for some of the most prestigious clients in the retail business, and we have hit the ground running again at Castlewood for the Co-operative Group.

“Most of the team that worked with us on the EMDC project have partnered with us again. Their expertise and commitment is written all over the swift progress they have made so far, making a 60-acre site at Castlewood development-ready and then constructing a huge steel frame in a matter of weeks. Major retailers look for high quality delivered to tight timescales and we are on course to achieve that.”

The development team behind the Co-operative Group’s food distribution warehouse is being led by main contractor Winvic Construction and project managers First Industrial Developments, who are working with architects Isherwood McCann, civil engineers Waterman Group, legal advisers Flint Bishop and property consultants FHP. They are due to complete construction in September, when a fit-out programme will pave the way for the warehouse to go live early in 2013.

James Richards says the planning authority, Bolsover District Council, has also played a positive role in helping the development to move forward: “They were keen to see us proceed with this development right from the start and that has been reflected in the professionalism they have shown all the way through. Even though they have a strict set of protocols to follow they have done everything possible to make the journey through planning a smooth one. That has given Clowes and the Co-operative Group the confidence to move swiftly.”

While the Co-operative Group building looks set to dominate Castlewood, other development sites on the park are now being cleared in anticipation of further deals. The marketing of Castlewood has been carried out by a senior team from the FHP, comprising co-founder John Proctor and industrial partner Tim Gilbertson.

Tim Gilbertson said: “The Co-operative Group’s decision to sign up for Castlewood was a major vote of confidence in the site and graphic evidence of the strength of its location. It is less than a mile from Junction 28 and links directly to a road network which gives you near-perfect North-South and East-West coverage. It doesn’t matter whether you are in distribution, manufacturing or business services, you have got access to a vast market right on your doorstep – there’s even an airport just down the motorway!

“Castlewood is about to gain some significant momentum because we firmly believe that the Co-operative Group development will be followed in the near future by some significant announcements about other businesses moving into the site. In the long-term we expect to see the whole spectrum of business on the site, ranging from distribution to production and offices.”

John Proctor added: “Clowes Development’s credentials speak for themselves. They are a long-established Derbyshire business which now operates on a national and international scale. They choose strategic sites, provide very high quality infrastructure and deliver buildings of a standard which satisfy some of the most prestigious clients in the business.

“At the East Midlands Distribution Centre and Castlewood, they have shown that there are clear alternatives to some of the more traditional locations further down the M1. Co-operative Group had a number of options to choose from but it went for Castlewood because it was partnering with a developer who was sure to deliver.”

James Richards concluded: “In time we expect to bring forward further design and build projects and potentially some speculative build too. We will be looking for some clear signs of economic momentum for that to happen. Hopefully, the Co-operative Group building will be a sign in itself.”

Acting on behalf of UDG, John Proctor of FHP’s Nottingham Office has completed the acquisition of Unit 1 Fulwood 28, a ten year old distribution unit constructed by Sladen Estates providing approximately 80,869ft².  This acquisition forms part of UDG’s strategic property strategy in line with their proposed onward growth.

The lease has been taken on terms which incorporate a break clause at the end of the second year which provides UDG with the flexibility that they required.

Doom and gloom headlines about the national economy are missing an important story about growth at the grassroots. FHP Surveyor Mark Tomlinson explains how this is translating into demand at an appropriately-named business park in Nottinghamshire.

The 2012 Budget was one of those rare occasions where there was a positive focus on business – an acknowledgement that it is the UK’s army of entrepreneurs who will drive recovery and one or two measures which might help them achieve it.

It makes a welcome change from some of the headlines we have been living with over the past few months, which have laboured relentlessly on rising unemployment, spiralling inflation and a eurozone crisis that has dragged on so long it seems like a soap opera. Taken together, this negative news knocks confidence.

That is the theory, anyway. But from what I have seen in Nottinghamshire over the past few months, business at the grassroots is desperately trying to get away from this downbeat approach. Start-ups, small firms and growing businesses are all looking to find a way forward. The evidence surfacing in the commercial property market is that the spirit of enterprise is actually alive and well, with healthy demand for both industrial units and small offices on both leasehold and freehold terms.

There is no better place to see it in action than at Enterprise Park at Hucknall, an industrial estate with units from 1,400 sq ft upwards which is well-placed to serve the industrial heartland of the local economy. Since Christmas, we have completed leases on six units and we are now discussing terms with a number of other potential occupiers. All of these businesses are either start-ups or small, local businesses looking to grow – encouraging evidence that the kind of grassroots growth that the UK has been crying out for is there to be found if you look for it.

We are also seeing some of the classic signs of a market which may be approaching some kind of tentative turning point at the grassroots. There is a shortage of supply of units under 2,000 sq ft and this is inevitably pushing up the freehold values of those premises which are available. A case in point is an industrial unit close to Nottingham city centre which we sold only recently. It was well-presented, suitable for a variety of different uses and the price tag of £125,000 reflect the lack of supply.

Just how strong demand is, was illustrated by the fact that the unit became the subject of a best bids process from a number of interested parties. The result? We have just completed a sale not for £125,000 but for £137,000. This is much better than we had anticipated and demonstrates that the demand from business is out there.

While the office market remains more challenging territory at the moment, the lower end of the market is also showing some positive signs with, once again, the demand coming from small and newly-formed companies. Quantum House on College Street in Nottingham, which underwent refurbishment last summer, is now almost full with 11 offices let during the last seven months.

In another encouraging sign, we have also sold and office building on Friar Lane and put another under offer, with the strong demand driven by the limited supply of alternatives. This goes to show that, despite the sentiment, now is not a bad time to sell your property and reinvest the proceeds elsewhere.

The market remains a long way off the boom conditions we enjoyed just a few short years ago. But business has had enough of the negative news. Yes, it’s still challenging but the evidence is that small and medium-sized companies in Nottinghamshire would rather focus on making progress. We’re here to help them do that, and one way to move forward in a cautious climate is to tap into sound market knowledge of the commercial property market. Here’s to a year of enterprise!

For further information contact Mark Tomlinson at FHP on 0115 950 7577

FHP Property Consultants acting jointly with Savills are delighted to announce the sale of Alpha House, Bulwell days before it reached the auction room! Alpha House, a property comprising a range of office and industrial accommodation totalling 9,867ft² was due to be entered into the March Savills auction. Strong interest was generated only days after putting the property on the market and several offers received.

Paul Giles, Head of Commercial Auction at Savills Nottingham comments:

“The sale of Alpha House prior to auction demonstrates the pent up demand from owner occupiers looking to secure premises quickly and this trend is anticipated to grow as the perception of the traditional auction dies away and buyers realise there is far more than exhausted stock on offer.”

Ilkeston based, family run business, Tank Farm Services successfully secured the premises, ahead of the auction date. Jason Tooley, Managing Director commented “We have been actively looking for new business premises for the past six months, this property ticked all the boxes in terms of the company’s expansion plans and we will be investing further in upgrading the property. The search for a new premises was prompted by gaining substantial orders totalling £2m for the supply & installation of  tank cleaning equipment to a Middle Eastern and a Major UK oil company.”

Vendor, Steve Ellis of Ellis Interiors commented

“We have found the auction process to be very effective and unlike the Private Treaty method of sale where properties can remain on the market for several months, the sale was concluded in a matter of weeks and a far stronger sale price has been achieved.  The swift sale will allow us to relocate to a new showroom where we can place more emphasis on the display of the finished products and where customers can see for themselves the quality of our kitchens and discuss their own bespoke requirements.”

Laura West, Surveyor at FHP Property Consultants concludes:

“I was delighted to be involved in this successful transaction, it is refreshing to deal with two parties who were keen to have a sale concluded swiftly. The strong interest in this site and suitability for Tank Farm Services as new occupiers further strengthens my comments that demand for premises on a freehold basis is strong for well-placed and presented stock.“

For further information on this disposal or other opportunities in the area please contact Laura West, FHP Property Consultants on 0115 841 1149 or Paul Giles, Savills on 0115 934 8054.

END

A flurry of deals in Nottinghamshire has brought renewed optimism that the commercial property market could be starting to gain some momentum after some years in the doldrums. Property consultancy FHP says they have seen a series of deals in the industrial market, particularly in North Nottinghamshire suggesting that there is a growing demand, from small to medium-sized businesses for expansion space.

FHP Surveyor Laura West, who focuses on the market around the Nottinghamshire-Derbyshire border, commented: “There’s no question that 2012 has started well, much in the same way that it did in 2011. What we’re hoping for this time though, is that the market doesn’t lose momentum in the way that it did last year.”

The steady optimism of the first half of 2011 drained away from the summer onwards as business confidence weakened in the face of poor economic data in the UK and rising concerns about the growing financial tensions in the Eurozone. Laura West said: “What I think people lost sight of, was the fact that even during the second half of last year, when the fears about the Greek economy were at their height, some deals were still being done despite the difficult conditions and a backdrop of bad news.”

“I think the reasons for that were two-fold: there is a breed of conservatively-managed, privately-owned firms who have always been very careful with their cash who decided that now was the time to strike a good deal on a property which would allow them to expand. There seems to be an, appetite among some forward thinking businesses who are now looking to expand after a prolonged period of uncertainty. From what I’ve seen so far this year, the same kind of ambition is emerging from the same kind of businesses. There are certainly some competitive deals out there, particularly with property which is coming out of an insolvency, and I get the feeling that, given the right conditions, these businesses are keen to move forward and expand.”

Laura added: “No one is suggesting that some of the deep-seated problems in the market have miraculously gone away, and we’re not about to see a flurry of speculatively-built new stock rising out of the ground. But there are, some experienced developers and investors out there who understand the way these cycles work and know that the demand is there. We know from our own monitoring of the market that there is a shortage of good-quality stock and I suspect it won’t be long now before they decide that the steadily growing demand and a lack of quality properties out there means they will soon be bringing some new product to the market.”

Whilst some of the deals in North Nottinghamshire may be driven by the end of the tax year and personal financial planning, Laura West says that the deals also illustrate the ambitions of a range of businesses which, while they operate in different sectors, all demonstrate financial strength. She said: “One of the reoccurring themes of the commercial property market has been that it is difficult to put funding together because indebted banks have been reluctant to lend. However in most cases we are talking about financially healthy, carefully-run businesses who have had no difficulty putting a funding package together, either from their own resources or through borrowing. This in turn is giving the market confidence.”

Laura West says she is expecting more deals to emerge in the coming weeks, but warned that businesses looking to expand into new space would need to act fast. She said: “At the moment, we are in a situation where we have taken property on and concluded a deal before the FHP For Sale board has even gone up. That tells us about the level of demand around the Nottinghamshire-Derbyshire border and the limited amount of good quality, well-presented property. When this kind of stock does come to the market it moves very quickly and I don’t see that trend changing any time soon. But we do need more stock – the demand is clearly there and I’m hoping that in 2012 it stays that way.”

FHP is continually on the lookout for good quality properties as clearly the demand is there and we are confident that this trend will continue well into the foreseeable future.”

ENDS

For further information contact Laura West at FHP on 0115 950 7577.

Acting on behalf of a retained client, FHP are delighted to announce the recent letting at Booths Industrial Estate to Platinum Gym Fitness.  The property which extends to 4,272ft² has been let for a term of 10 years by way of a full repairing and insuring lease.

Platinum Gym Fitness is a start-up business in Ilkeston which has now been open for just over a month.  The gym was opened predominately for male users in addition to the ladies gym that opened on site after the Christmas period. 

George Dunnicliff of FHP Property Consultants who agreed the deal commented:-

“I am happy to see the transformation Platinum Gym Fitness has made to the premises at Booths Industrial Estate.  It is a testament to their hard work and I wish the team all the best for their future.”

Chris Law commented:-

“Although we are a new business to Ilkeston we have made a fantastic start and early indications look very promising.  I would like to thank George at FHP for his efforts in securing this building for us”

For more information on this letting or to discuss your property requirement please contact George Dunnicliff of the office and industrial team on 01332 343222.

Pictured left to right:  Chris Law (Platinum Gym Fitness) and George Dunnicliff (FHP Property Consultants)

Tim Gilbertson at FHP acting as joint auctioneer with Matt Hilton of HEB is pleased to confirm the sale of extensive warehouse premises just off the A38 at Junction 28 of the M1 Motorway at Huthwaite. 

Sold the day before the property was due to go to auction, the buildings offered extensive storage space of over 60,000ft² on a large site in a prime location.

Despite the condition of the opportunity which included a mix of older tired warehouse space, extensive offices plus some good quality newer stock, interest in the opportunity was extensive and competitive bidding was received. 

As a result the property was sold prior to auction at an acceptable figure.

Tim Gilbertson commented:

“We took this property to auction as due to its unusual configuration we had struggled to find the right purchaser initially for the building.  Whilst always receiving extensive interest in the opportunity, concluding a deal proved troublesome and therefore we advised our clients to look to the auction route to secure a quick sale. 

Pleasingly this advice proved correct, substantial interest was generated and a sale prior to auction was quickly concluded.”

Joint auctioneer Matt Hilton of HEB commented:

“We were delighted to assist with this disposal acting jointly with FHP.  Listing for sale by auction focused the minds of prospective buyers resulting in strong pre-auction interest and concluding the sale proved that auctions can be very effective when used correctly. This is the highest value property to be sold by any East Midlands based auctioneer so far this year.”

Stock levels around Junction 28 are certainly diminishing and there are a few outstanding requirements which remain unfulfilled.  Therefore, if any occupier is struggling or seeking to realise value from their ownership or relieve lease liabilities then we would be delighted to talk to them and increase stock levels and try and satisfy known requirements.   

Acting on behalf of P Blair and J Kelly Joint LPA Receivers FHP Property Consultants are delighted to announce the recent sale of 35,000ft² of warehouse and office production facility in Alfreton.  The sale will see the Storm Group refurbish the existing facility and occupy to provide head office to accommodate their design and production and warehousing operations.

Jonathan Sayer Surveyor at FHP Property Consultants commented:-

“The former warehouse and offices enjoys a prominent position on Nottingham Road and prove an excellent base for Storm Groups head offices. The property is in need of some refurbishment and I am confident that Tim’s vision will see the property delivered to a high standard.

We wish Tim Wilson and the rest of his team at the Storm Group all the best for their future.’’

Tim Wilson of Storm DFX commented:-

“The property will visibly project the professional quality image that our clients recognise in our work. It will be an excellent environment for us to work in and we thank FHP for their professional and helpful service throughout our acquisition process.”

Further information on this disposal or other opportunities in Alfreton area please contact George Dunnicliff on 01332 343222.

FHP Property Consultants are delighted to announce the latest letting at Amber Business Centre, Derbyshire. Vintage Windows are the latest Tenant to take advantage of the flexible lease package on offer and have recently completed a new five year lease of 10,000ft² production space to enable their relocation from High Holborn Road, Codnor.

Vintage Windows is an independent, UPVC window fabrication company providing a range of traditional bespoke solutions along with high volume contempary window solutions.

Jonathan Sayer, Surveyor at FHP Property Consultants commented:-

‘’It is great news to welcome yet another Tenant to the Amber Business Centre. In what is the 18^th letting in 18 months we have seen over 95,000 ft² been occupied. The Landlords commitment to the estate both in refurbishing units to meet occupiers’ requirements and the ability to offer flexible leasing solutions to meet occupiers needs means that we can react quickly to occupiers requirements.

With further space under offer we look forward to welcoming more new tenants in the upcoming months.’’

Antonia-Martin Wright of the Commercial Estates Group added:-

‘’We are very pleased to welcome Vintage Windows to Amber Business Centre and wish them all the best for their future in their new property.’’

The Amber Business Centre can accommodate requirements from 600ft² to 33,000ft² on a flexible lease terms with competitive incentive packages available. Should you require any further information on current availability then please contact Laura West of FHP Property Consultants or Richard Sutton at NG Charted Surveyors.

Two expanding businesses have chosen to relocate to Abbey Trade Park in Mansfield in deals secured by property agents FHP Property Consultants and Innes England.

Acting on behalf of the landlord Steve Cole of Abbey Field Estates, the property agents let the units to Tru Plastics, a distributor of UPVC products to the building trade and the national franchisee Chipsaway, which operates a mobile vehicle repair operation The latest tenants will join the current occupier Screwfix on the park.

Both companies have seen enormous growth over the last few years despite the economic downturn, and have now chosen the prominent trading park to accommodate their businesses. The park now only has two units remaining.

Russell Skellett, Sales Director at Tru Plastics says:-

“We were previously based across the road from Abbey Trade Park, but because of 30% growth in the last two years, we needed larger premises to accommodate new products, as we are now moving in to roofing as well as taking on two more team members. We have been in Mansfield for 12 years, as we have a large customer base here, so we didn’t really want to relocate elsewhere and are really pleased with the park and what it has to offer. The team at Innes England were very efficient, and found us exactly what we needed and were able to turn around the deal in less than three weeks.”

Chipsaway is a franchise which is owned by Rob Marshall. The company previously operated from two mobile units, but due to an increasing number of enquiries, has now set up a fixed base at the park, to be used alongside its mobile unit.

 Rob said:-

“Abbey Trade Park serves our customers well, providing direct access to Mansfield, the A38 and J27 and J28 of the M1. Laura at FHP Property Consultants successfully helped us to change the use on the scheme to include B2 (General Industrial) which resulted in Chipsaway agreeing to relocate to the Park.

“With works under way to the unit, I am hopeful that the doors will be open and business up and running by the end of this month.”

Scott Osborne, Associate Director at Innes England, said:-

“Abbey Trade Park is an excellent trading location which is recognised in Mansfield as being the home of Screwfix. 

“Unsurprisingly these trade counter units attract interest from people wishing to benefit from a household name and set up in close proximity to Screwfix and the units are ideal for this.  I am pleased to confirm that Tru Plastics and Chipsaway are the latest tenants to the estate and I wish them all the success in future.”

 Laura West of FHP said:-

“With limited supply of good quality units available within the area it is not surprising that new occupiers are eager to join the likes of Screwfix at Abbey Trade Park. With only two units remaining on this popular and well located scheme we are confident that all of these units will be occupied very soon.”

FHP Property Consultants are delighted to announce the sale of Units 1 – 3 Canterbury Road in the Radford area of Nottingham.  The property comprises three workshop units on a secure site extending to 7,147ft². The property has been sold to Cordtape Environmental Services Limited who specialise in Asbestos Services (including removal) and Commercial Insulation. The premises will be the new home of sister company, Cordtape Energy Management Systems Ltd who specialise in energy management services & products.

Cortdape have been established for 30 years next year have offices in Sheffield and Nottingham.

Kris Berry of Cordtape commented:-

“The acquisition of these premises was paramount to the future expansion plans of Cordtape as a whole and needed to be completed to a very tight deadline, which I am pleased to say all parties including FHP played a part in. It is great when an agent can act as a meaningful third party between the vendor and purchaser, whilst ensuring that both parties are delighted with the outcome. I was very happy in all my dealings with FHP and in particular Mark Tomlinson, who was a great help not only to us, but I am sure the vendor in this matter.”

Mark Tomlinson of FHP Property Consultants commented:-

“Given the lack of freehold opportunities on the market at this time, we received good levels of demand once the property was offered for sale. Cash purchasers such as Cordtape are also finding that they are in a strong position in the market at this time considering the lack of bank funding for many would be purchasers.”

Nick Corder of Corder Commercial acted as joint agent to FHP Property Consultants.

FHP Property Consultants are pleased to bring to the market this prime warehouse/industrial unit on the popular Acorn Park Industrial Estate. Acorn Park is set within the heart of Lenton Lane Industrial Estate, approximately 2.5 miles west of the Nottingham City Centre, accessed by Redfield Road and Harrimans Lane, which leads to the A52 Nottingham Ring Road.

The 540m² (5,813ft²) unit has recently been refurbished to a very high standard and offers an occupier the ability to occupy space quickly. Within the unit there are two storey offices and a useful mezzanine area which provides additional accommodation of 174m² (1,873ft²).

To the front of the premises the unit benefits from ample car parking for staff and visitors, whilst loading and deliveries take place at the rear of the premises.

Laura West, Surveyor at FHP commented:-

“The estate provides well-presented accommodation, located within a well-managed estate. With only one unit remaining we are confident it won’t be too long until the space is occupied”.

For further details or to arrange a viewing then please contact Laura West at FHP Property Consultants on 0115 841 1149.

An opportunity has arisen for someone to let a whole terminal building of one of the UK’s busiest air freight hubs.

Cargo Terminal Three has come on the market at East Midlands Airport, offering more than 35,000 sq ft of warehouse space plus extensive external yard areas right next to the Cargo East Apron.

The large warehouse facility is on the market with Nottingham and Derby-based Fisher Hargreaves Proctor (FHP) and the Nottingham office of global real estate advisor Savills.

Jason King, commercial contracts manager for the airport, said:

“East Midlands Airport is a key business location in the region, playing a critical role in the global cargo network, with 90 per cent of England and Wales within a four-hour drive.

It is fairly rare for a whole terminal building to come on the market and we anticipate high levels of interest due to the connectivity of the airport location.”

Ian Muxlow, director of Savills in Nottingham, said:

“Warehouse space at East Midlands Airport rarely becomes available, so we anticipate strong interest from logistics companies looking for a central UK location and excellent road links.

When you also consider the international air links and the supplementary facilities available on-site, the airport as a location stands out as being more than just your average out-of-town business park.”

Tim Gilbertson, Director at FHP, said:

“As well as access to the global marketplace, a big benefit of an on-airport location is the high level of security, which is especially important for distribution or logistics companies.

This is a rare opportunity to secure a well-configured building – the particularly extensive yard space will be attractive to businesses with a requirement for vehicle parking or additional external storage. We hope that interest will be received quickly”.

The unit is available for immediate occupation and offers dock level and ground level access doors and an eaves height of 15ft 9ins.

East Midlands Airport is the busiest pure freight airport in the UK and is the second largest cargo airport after London Heathrow.

It is home to the UK’s largest express freight operation and is a major air hub for the Royal Mail, DHL, TNT and UPS.

Anyone interested in finding out more can call Tim Gilbertson at FHP on 0115 841 1146 or Ian Muxlow at Savills on 0115 934 8053.

FHP Property Consultants are delighted to announce two deals in quick succession at the industrial estate at Enterprise Park, Wigwam Lane in Hucknall. Vauxhall Auto Parts Limited and Multicolour Limited are the latest tenants to take advantage of the flexible terms and large incentive packages currently on offer on the estate.

Mark Tomlinson of FHP Property Consultants commented:-

“At the end of 2011 the estate underwent a series of improvement works to include a general clear up, the installation of automatic gates at the front of the site and also refurbishment of many of the vacant units. We have also recently reduced the quoting rent and this has caught the eye of local businesses in the area looking to either take the step into commercial premises having worked from home or looking to reduce their overheads by relocating to the estate.

In last 12 months we have achieved lettings of 6 units increasing occupancy on the estate substantially.”

Charlie Withers, Asset Manager at Cedarwood Asset Management commented:-

We are delighted that Vauxhall Autoparts have decided to locate here. We offer good quality accommodation at competitive rates, and provide a range of unit sizes which allows companies to grow within the Park, as evidenced by Multicolours acquisition of a further unit.

Units at Enterprise Park are available from rents of £540 per month and we can also accommodate larger requirements of up to 6,500ft².

Should you require any information on the current availability then please contact Mark Tomlinson at FHP Property Consultants.

To be fully refurbished, FHP are pleased to bring to the market this prime warehouse/industrial unit on Glaisdale Drive in Nottingham.

Forming part of the Glaisdale Point development on the estate, the building will be refurbished to the highest standard to offer fully fitted warehouse or production space together with two storey fitted offices and good levels of on-site parking and excellent delivery access.

Glaisdale Drive estate sits within moments access of the A610 and Junction 26 of the M1 and similarly within quick access of Junction 25 and the A52 whilst remaining within a short drive of the centre of Nottingham.

With public transport to the estate, access is excellent and historically this estate has always let well and in particular Glaisdale Point where good quality units benefit from extensive delivery forecourts and excellent car parking.

This opportunity is no different and we are pleased to be marketing this unit especially as it will be refurbished throughout to offer accommodation of the highest order.

Once the refurbishment is complete, which is anticipated for early Spring 2012, the building will extend to approximately 998m² (10,738ft²).

A new lease will be offered and early interest is sought as potentially any specific requirements that interested parties have could be incorporated into the overall refurbishment if required. 

FHP have been appointed sole agents by the landlords to continue our long term history of dealing with this development which now runs to approximately 10 years. 

With all other units on the Glaisdale Point development occupied, we hope to encourage interest swiftly in this building which is a rare high quality opportunity to come the market when supply of good quality space remains thin.

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.”

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.  

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 17^th 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.

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

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!”

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.

CrossFit Nottingham are the latest tenants to take occupation of the popular Trent Park Industrial Estate which is situated on Little Tennis Street South to the east of Nottingham City Centre.

CrossFit is the latest technique in fitness and training and is taking the country by storm having been established over the last few years in the USA. CrossFit Nottingham is the latest affiliated CrossFit gym following some 2,900 affiliates worldwide only 50 of which are in the UK.

Mark Tomlinson of FHP Property Consultants, who acted on behalf of Rushcliffe Estates, the landlord in the deal, commented:-

“We are pleased to have achieved this letting following a previous letting on the estate to Trentside Textiles earlier this year. This letting brings 100% occupation to the estate. We are delighted to have successfully reduced all of our client’s voids following some difficult times over the last 2 years. Both units were well presented and readily occupiable having been refurbished prior to marketing, this is of paramount importance to the majority of enquiries at this time. We wish Cross Fit Nottingham the best of luck with their venture.”

Andy Ward of Cross Fit Nottingham commented:-

“It’s great to finally have the opportunity to bring CrossFit to the midlands, bringing the fun and function back into fitness. CrossFit Nottingham has been 2 years in the planning and we are looking forward to providing the Nottingham people with a high quality fitness and conditioning facility which delivers what it claims…….Legendary Fitness”.

Clowes Developments 112 acre strategic industrial distribution office park has been rebranded simultaneous with the construction works for the Co-op’s 480,000ft² distribution depot commencing onsite.

The package includes a state of the art website, new brochures and signage and reflects the Developer’s confidence in this fast expanding business park.

The site is provided with infrastructure and the capability of delivering units from 20,000ft² to 470,000ft².

FHP Property Consultants are delighted to announce the letting of a 3,134ft² storage/workshop unit on a 0.5 acre site on Vale Road in Colwick. The property was available on the market for a matter of weeks before the new tenants Trade Partners International Limited, a material supplier to the sports and play servicing trade, snapped up this opportunity.

Mark Tomlinson of FHP Property Consultants commented:-

“We knew it would not be long before an enquirer spotted this rare opportunity of secure and surfaced storage land with a good sized storage unit so close to Nottingham City Centre. We are delighted to have achieved a 5 year lease for our clients in such a short space of time with relatively little marketing expenditure.

“We now also have a surfaced and secure site which can be used for external storage which is available to let on flexible lease terms. We look forward to achieving further success with this in due course.”

FHP Property Consultants have been instructed to market a high yielding industrial investment and asset management opportunity at Urban Road Business Park in Kirkby in Ashfield on behalf of fixed charge receivers Edward Symmons.  This adds to a number of instructions being handled by the FHP Insolvency Team in the Nottingham office.

The property comprises 22 industrial / workshop units totalling 43,673 sq ft and is currently producing an annual income of £52,803 per annum.  The business park is currently 65% occupied and could prove an interesting asset management opportunity. 

For further information please contact Mark Tomlinson on 0115 841 1134.

Jonathan Sayer of FHP Property Consultants has brokered the sale of Unit 11 Victory Park, Derby along with an additional 0.91 acre plot to Western Power.

FHP, acting as joint agents alongside Salloway, completed the sale of the modern industrial unit extending to 27,607ft² on behalf of Revelan Group Plc. The unit forms part of Revelan Group’s high quality Victory Park development situated on Victory Road and adjacent to Rolls Royce.  In a little over 12 months 3 new occupiers have been welcomed to the scheme including NDT Services, Gardner Aerospace and now Western Power totalling over 100,000ft² of space being sold. 

The deal concluded saw Toyota Tsusho vacate their unit ahead of their lease expiry in December, and the transaction being completed within a matter of weeks of instructing solicitors. 

Jonathan Sayer of FHP Property Consultants who acted on behalf of Revelan Group commented:

“This Is an excellent result in what remains a challenging market. The speed within which a purchaser was found underlines the lack of good quality modern industrial accommodation within the City.

With a further 9,000ft² ready for occupation and Design and Build options of up to 60,000ft² for new industrial and warehouse space we are well placed to meet occupiers requirements in the market and welcome the opportunity to speak with occupiers.
 

We wish Western Power all the best in their new premises and look forward to speaking with further occupiers about what we can offer at Victory Park.” 

Anna Kirk of Jones Lang LaSalle acted on behalf of Western Power.

Lettings at Amber Business Centre are as simple as ABC. In only a matter of weeks Commercial Estates and their Industrial Park located at Riddings, which is close to Alfreton, now only have 2 units out of 8 in Block 13 remaining.

The Block which comprises 8 starter units which total 4,992ft², offers well-presented and secure accommodation, ideal for any new start up business. Each unit totals 624 sq ft with rents starting at just £57 per week.

Laura West, Surveyor at FHP Property Consultants comments:-

“Recent activity at these units has created a domino effect in take up of space. From the initial viewing to occupation can take just a matter of days. We have a simple standard lease in place which gives results in terms of speed of access.

With only 2 left if you want to arrange to view then I can be contacted on 07917 460029.”

A LANDMARK industrial estate in Derbyshire has come back to life in the wake of a £1.5 million investment by one of the county’s most respected property developers.

Bradley Park, at Codnorgate Industrial Estate, hit the headlines two years ago after aerospace engineering company Airfoil Technologies International decided to close their operations at the site in the wake of a downturn in the aviation industry.

But new businesses have brought vital new jobs to the site after it was transformed into flexible industrial space by PMW Property, the development and investment business run by former textile industry entrepreneur Mike Wrigley.

Joint agents FHP and BB&J have secured a series of lettings at Bradley Park which have brought in businesses specialising in activities ranging from high-tech engineering, direct mail and security to vehicle components and contracting.

Mike Wrigley, of PMW Property, said:-

“There were obvious concerns in the area after Airfoil Technologies decided to review their operations, but the redevelopment of Bradley Park shows that the end of one activity can open up new opportunities. We had no doubt that Bradley Park could still be a strong and growing business location, hence the decision to engage in a comprehensive refurbishment of the site. It is in an established industrial area where there is a regular flow of expanding small enterprises, and Codnorgate is within easy reach of good road networks.”

In the space of less than nine months, six new businesses have taken nearly 40,000 sq ft of space on the site. They include:-

¨       Direct Mailing, who specialise in third party contract mailing, have taken a lease on a 15,000 sq ft unit, enabling their expansion from Little Eaton.

¨       Technique Composites who specialise in composite material design and manufacturing services, have purchased 6,000 sq ft.

¨       SB Wrought Iron have taken a new lease of 3,000 sq ft, relocating from Ripley.

¨       Safer Systems, who provide vending machine security services, have purchased 5,000 sq ft to enable their relocation from Darley Dale. 

¨       Pit Stop have relocated their motorcycle and car component business from Alfreton taking a lease on 5,000 sq ft.

¨       B & M contractors have taken a lease of 2,000 sq ft.

Jonathan Sayer, of the Derby property consultancy FHP, said the deals illustrated the continuing strength in the market for small-to-medium sized industrial space.

He commented:-

“There may be concerns in the wider economy at the moment, but all the signs are that there is a bedrock of carefully-run small to medium-sized businesses which have an appetite for growth and expansion. Bradley Park is the perfect place for them, offering high quality space which is close to both the A38 and the A610. It is also heartening to see these businesses growing up in a location previously associated with job losses.”

His colleague Laura West, who has been handling a large number of small and mid-market industrial deals across Derbyshire and Nottinghamshire, added:-

“The funding issues which continue to hold back the property market have meant that virtually no new buildings are coming to the market, even though the demand is self-evident.

“The result is that good quality secondhand accommodation is being snapped up by businesses like those relocating or expanding at Bradley Park. It is an established location, businesses such as these like being in a location where there are other businesses with a similar outlook, and PMW has offered flexible, tailored terms which make it easier to secure deals.”

Chris Wright, of BB&J, commented:-

“Bradley Park provides such a diverse range of quality storage, warehouse and manufacturing accommodation that we are finding that once a prospective tenant visits Bradley Park they seldom have reason to look elsewhere.”

One tenant introduced by BB&J Commercial is Safer Systems (UK) Ltd, who say they have been delighted with the move. Managing Director Steven Bane said:-

“As a global provider of specialist vending security products, Safer Systems required a central location, offering excellent transport network access by road, rail and air. Bradley Park offered all of these, plus access to good local facilities and an experienced workforce.”

“As with many businesses in this current climate, Safer Systems is continuously seeking to improve its services to its global customer base, whilst also keeping its costs down to a minimum. This move to Bradley Park has enabled us to do just that: improved transportation links, coupled with affordable facilities will help maintain a healthy profit margin, without compromising on the quality of service our customers expect. ‘’

Mike Wrigley concluded:-

“I have little doubt that we will be announcing further lettings at Bradley Park in the near future. It’s great to see these businesses moving into the site and doing so well. It is a sign that away from all the global economic challenges there is an underlying appetite for growth in the local business community.”

There is now only 65,000 sq ft of space remaining at the site, split across seven units ranging in size from 1,000 sq ft to 27,000 sq ft. Laura West added:-

“I would urge any businesses currently considering expansion or relocation to get in touch quickly. Space is now at a premium, especially in high quality locations.”

For further details on the potential that is offered at Bradley Park please contact:-

Jonathan Sayer at FHP                     01332 343222

Laura West at FHP                             0115 9507577

Chris Wright at BB&J                        01332 387 609

Rob Jones at BB&J                           01332 292 825