Property Agents, Fisher Hargreaves Proctor are delighted to announce that they have successfully completed the sale of a 1,694 ft² mixture of offices, workshop and stores on Ousebridge Drive in Carlton, Nottingham. 

This hybrid unit is located close to the Colwick Loop Road and the three year lease has just been completed at £10,000 per annum exclusive. 

James Hartley, Surveyor at Fisher Hargreaves Proctor commented, “This property has been hugely popular and the lease to the Air Conditioning Corporation has been hugely pleasing for everybody concerned particularly given the quick time scales from instruction in December through to completing the lease in March.

At £10,000 per annum, this deal equates to £6 per square foot which represents a good price for an industrial property with office content particularly given the standard the unit was in. 

Interest in this unit particularly for the freehold was incredible and should anybody have any similar properties with a mixture of yard, office and industrial, there are a number of under bidders on our books that would potentially be interested in purchasing such a unit.”   

Chris Goldthorpe of the Air Conditioning Corporation added, “We are delighted to have completed the lease on Ousebridge Drive, it really will help our business plan in terms of expanding our current business and will help us deal with our anticipated growth over the last few years.”

Acting on behalf of Credit Suisse Property Investment Management Limited, Fisher Hargreaves Proctor are please to announce the availability of Units 11 and 12, Raynesway Industrial Estate, Raynesway, Derby.   

The high quality unit extends from 453M² [4,879FT²] to 1,039M² [11,184FT²] and provides clear span industrial/warehouse accommodation with ancillary two storey offices.  Situated on the established Raynesway Park Industrial Estate the unit enjoys excellent access to the A50 and A52 dual carriageways whilst being in easy reach of the M1 Motorway at Junction 25 and 24a and in turn the cities of Derby and Nottingham.  

Jonathan Sayer of property agents Fisher Hargreaves Proctor commented

“Raynesway Park Industrial Estate provides good quality clear span industrial accommodation with ancillary offices affording excellent access to both the A50 and A52 dual carriageways.  Situated within an established trading location the site enjoys extensive car parking and circulation space and is idea for occupiers requiring convenient access to the main arterial routes.”

For further details on the opportunities available at Raynesway Industrial Estate or to discuss your requirement in further detail please contact Jonathan Sayer at Fisher Hargreaves Proctor on 01332

On behalf of Wilson Bowden Developments, two more units in the superb Gateway 28 scheme have now been let to Qualitex Supplies Limited on a lease for over 10 years.

Tim Gilbertson BSc (Hons) MRICS, Partner at Fisher Hargreaves Proctor acted on behalf of Wilson Bowden Developments and is delighted to confirm the completion of this transaction which resulted in over 35,000ft² of space being let before practical completion.

The letting to Qualitex Supplies Limited, one of the Nations fastest growing suppliers of bathrooms, will enable Qualitex to continue their expansion and serve as their northern distribution base to complement their existing bases in Kent, Bristol and Scotland.

Gateway 28, Phase 4 saw six buildings speculatively constructed and of these four were let prior to practical completion and one sold.

Merely Unit 1C remains of just over 14,000ft².

At a time when a number of developers are reigning in their expectations, Wilson Bowden Developments continue to have faith in both their product and development sites and continue to speculatively construct units within the region. 

Tim Gilbertson who dealt with this letting commented:

“This is a particularly rewarding deal for both tenant and our clients alike as we managed to conclude terms prior to completion of the construction of the premises.

The eventual letting now concluded, will enable Qualitex to extend their growing business by providing them with a further northern distribution base to complement their existing southern locations. 

The letting of over 35,000ft² of new build space sets the benchmark again in terms of quality premises for the region and with only one unit left on this phase of development, we are hopeful of reporting further success shortly.”

Development Director at Wilson Bowden Developments, Neil Hartley commented:

“This latest letting of 35,000 sq ft at Gateway 28 further justifies our investment in this location where over 425,000 sq ft has been developed and let or sold since our acquisition of the first phase of the site in 2005. We are delighted to have secured a quality tenant new to the region in Qualitex and wish Duncan and his team every success.”

Managing Director and company founder of Qualitex Supplies Limited, Duncan Andrews commented:

“We consider the location at Sutton-in-Ashfield to be perfect for our fourth regional distribution centre, which will enable us to achieve a reliable delivery service to the northern region.

Wilson Bowden Developments have enabled us to open on schedule, in a fully equipped 35,600ft², which will be the envy of our competitors. 

We are also pleased to have recruited an experienced and knowledgeable team locally as well as relocating two experienced managers to head up this new venture.

We anticipate annual sales quickly growing per annum.”

For details of the remaining unit which can be purchased or rented, or indeed to discuss general property requirements in the area as Wilson Bowden continue to speculatively build at Castlewood, just of the A38 at Junction 28 of the M1 and Blenheim Park, just of Junction 26 of the M1, please contact Tim Gilbertson at Fisher Hargreaves Proctor on 0115 9507577.

Acting on behalf of Kilmartin Property Group and JP Morgan joint agents Fisher Hargreaves Proctor, M3 and King Sturge have secured the letting of the former TDG Warehouse on Trent Road at Grantham to the Random House Group with the lease completing in early April. 

The warehouse which extends to over 334,000 ft² was acquired vacant by the joint venture in the first quarter of 2007 and following extensive marketing terms were agreed towards the end of last year. 

The building will be occupied by Grantham Book Services, who are a subsidiary of Random House Group, and they are taking this warehouse as a further commitment to Grantham which will see them consolidating a number of their warehouses into this one new facility.

Edward Hine of FHP comments:

“It is very gratifying to see our clients being rewarded for their investment in this property by securing a 15 year lease to a company with an excellent covenant. 

This letting highlights the vibrancy of the market for high bay warehousing in the A1 corridor, especially between the A14 and the M62.  I believe that further occupiers will be attracted to the A1 as significant improvements are being completed to the former roundabouts between Peterborough and Doncaster.

This letting is one of the largest in the East Midlands this year and reflects the demand for fully fitted warehouse space with good access to the major road networks.”

  Fisher Hargreaves Proctor, Midlands Property Advisor of the Year, on behalf of the property division of the Leavesley Group are delighted to announce the letting of Unit 2 Erewash Court, Manners Industrial Estate, Ilkeston. AB Components Limited, a leading Filtration expert looking to increase their presence in the Midlands have taken a new 6 year lease on the 2,240ft² unit and are looking forward to the future in their new premises.

James Edgar managing director at AB Components commented:-

‘AB Components specialises in supplying all types of filters to customer’s specific requirements for vehicles, plant and construction, machinery and industrial usage.  AB Components has daily despatches to customer’s right across the UK, and has a growing export portfolio.’

Tom Houghton, surveyor at Fisher Hargreaves Proctor commented:-

‘Fisher Hargreaves Proctor has had a successful involvement with the estate in the past.  By attracting AB Components, a company looking to expand operations, it shows the strength of Ilkeston as an industrial location when compared to other competing regional centres in the East Midlands.’ 

Tom added:-

‘The highlight of this letting was the speed of progression from initial viewing to completion which only took five weeks.  Considering the frequent delays when trying to get lettings over the line, this is a reflection of FHP’s dedication in seeing this matter to a successful and speedy conclusion.’ 

FHP is currently marketing a number of other industrial units on the Estate.  To discuss your industrial requirements or for further information on opportunities in the locality please feel free to contact industrial agents Tom Houghton and Jonathan Sayer on 01332 343222.

Picture left to right – James Edgar of AB Components Limited and Tom Houghton of FHP

On behalf of a private landlord, Midlands Property Advisor of the year, Fisher Hargreaves Proctor has successfully secured another office letting at the Barton Fields Business Centre.

Tom Houghton, a surveyor at Fisher Hargreaves Proctor commented:-

‘Fisher Hargreaves Proctor has been heavily involved with the marketing of the Centre in the past, culminating in near 100% occupancy levels.  The Centre has proven popular with start up companies due to small, high specification units available on flexible terms.  The idyllic country setting has also been a major factor, with firms looking to escape the congested and busy city centre location in favour of a more relaxed working environment.’

The Barton Fields Centre now has one industrial unit remaining measuring 122.46m² (1,318ft²).  For further information on this opportunity or for others within the locality then please contact Tom Houghton on 01332 343222.

Acting on behalf of Britain and Europe Developments Limited, Fisher Hargreaves Proctor are delighted to announce the availability of three newly constructed units at Anglers Business Centre, Nottingham Road, Spondon, Derby.

The high quality, recently constructed units enable occupation from 1,022m² (11,000ft²) to 3,763m² (40,500ft²) on the established Anglers Business Centre.  Anglers Business Centre is strategically situated within 1.5 miles off the A52 dual carriageway affording excellent access to the main road network including Junction 25 of the M1 motorway.  Anglers Business Centre enjoys excellent access to the cities of Derby and Nottingham and in turn onwards to the main urban centres within the East Midlands.

Jonathan Sayer of property agents Fisher Hargreaves Proctor commented “Anglers Business Centre provides high quality clear span industrial accommodation with excellent access to the A52 dual carriageway and Junction 25 of the M1 Motorway.  The new build accommodation is set within a successful trading location and benefits from an extensive yard with ample circulation space.”

For additional details on the opportunities available at Anglers Business Centre or to discuss your requirement in further detail please contact Jonathan Sayer at Fisher Hargreaves Proctor on 01332 343222.

Following the relocation of the ALD Plastering Company Limited to the new industrial units on Calverton Business Park from their home at Brand Street, Fisher Hargreaves Proctor have overseen the sale of this unit with vacant possession going to Training and Assessments Consultants Limited.

Acting on behalf of the vendor Billy Wright BSc (Hons) from Fisher Hargreaves Proctor commented:

“It is good to see a completed freehold deal such as this in a market that is attracting unwanted pessimism. A good sale price achieved of £245,000 equating to £88.87 per ft² shows that small commercial units are still gaining a good level of success.”

Fisher Hargreaves Proctor, Midlands Property Advisor of the year, on behalf of Credit Suisse Asset Management are delighted to announce the letting of Unit 1 Raynesway Industrial Estate, Raynesway, Derby to Brettex Engineering Limited, a leading supplier of stainless steel pipework to the food and pharmaceutical industry.

Jonathan Sayer, a surveyor at Fisher Hargreaves Proctor commented: –

“Fisher Hargreaves Proctor involvement in the Estate over the last 18 months has led to 100% occupancy.  By attracting Brettex Engineering, a company relocating from Nottingham, it shows the strength of Derby when competing with the regional centres within the East Midlands”

John Yates, Managing Director at Brettex Engineering Limited commented:-

“The estate offers excellent transport links to the A50 and A52 dual carriageways and the M1 Motorway. This location and the access to the local, skilled workforce base within Derby were key to us choosing Raynesway Industrial Estate for our relocation.”

To discuss your industrial requirement or for further information on opportunities within the locality then please contact Jonathan Sayer 01332 343222.

Pictured [left to right] Robert Jennings; John Yates; Andy Skelton; Dave Jennings all of Brettex Engineering and Jonathan Sayer of FHP.

Windsor Food Services have been confirmed as being the latest occupier to be attracted to Wilson Bowden’s 140 acre Distribution Park at Junction 24a of the M1, by their letting agents Fisher Hargreaves Proctor (Nottingham).

Windsor Food Services have taken Building 6E3, a speculatively built building of some 16,300ft², helping the developer be able to boast that more than 100,000ft² of buildings have been occupied on the Park in its first year of trading.

It is understood that in addition the developers are close to being able to confirm the letting of another unit in their development, with solicitors instructed on a unit of a similar size.

Junction 24 has emerged over the past 10 years as one of the strongest distribution areas within the northern East Midlands area and the developer has now developed more than 1million square feet of space in the location at EMDC and their adjacent Willow Farm Business Park, which has recently been completed.

Windsor Food Services are opening their East Midlands Distribution Depot at EMDC, Mike Revitt of Windsor Food Services confirming:

“Windsor Foods were formed in 1989, being originally based in Sheffield.  We aim at providing a one stop shop for the Catering Industry, now supplying more than 2,200 differing lines from leading brands, from both our purpose built distribution and Head Office in Dearne Valley and now this new facility.

Our new unit at Castle Donington enables us to keep up with our onward expansion plans, within the both the north of England and the Midlands.”

After an extensive search, we concluded that EMDC was the correct location, as it is so well connected via the A50 (T), M1, A42 links, which effectively means that the location is a central crossroads at the heart of the UK.”

The developers are continuing to speculatively develop in the Estate and are onsite constructing Building 6F, a building of some 40,000ft² which will be available in December of this year.

In addition, they have submitted a detailed planning application for Buildings 6A & 6B, which total in excess of 100,000ft² and it is understood that there are plans for both of these units to be speculatively developed in early 2008.

EMDC is one of the few locations which can accommodate Regional and National Distribution Centres (in addition to units of the size currently being developed), with the site currently having the capability of accommodating individual units of up to 1.25million square feet in size.

John Proctor at FHP confirmed:

“The substantial improvements in the road network in the Junction 24 area has contributed to the location becoming a strategic distribution location within the UK. 

The gravity and attractiveness is enhanced by the close proximity of East Midlands Airport, which is recognised as the second largest freight airport within the UK and is rapidly expanding its passenger services. 

These factors when combined with its close proximity to both Nottingham and Derby, are the key components and foundations on which the areas success has been based.

Wilson Bowden’s commitment to continue to provide product on a rolling programme has enabled the momentum to be continued and it is fantastic that the 1million square foot occupation mark has now been broken.”

For information on the ongoing development programme or alternatively to request details as to how a unit can be constructed on a bespoke basis, can be obtained by contacting either Stephen Pedrick-Moyle of the developers Wilson Bowden, or alternatively the joint agents John Proctor at Fisher Hargreaves Proctor or Neil Starkie at Savills Birmingham office.

Fisher Hargreaves Proctor acting alongside Nattrass Giles on behalf of Claremont Property Holdings have completed on another couple of transactions at Park Court, the popular courtyard industrial park on Park Lane Business Park, Kirkby-in-Ashfield, North Nottinghamshire.

The first deal was for the sale of Unit 2, a 2,500ft² brand new industrial facility which has been sold to Knock Down Limited for a figure of £170,000 which devalues to £68 per square foot.

The second deal was for a unit in the same terrace, known as Unit 4 and again extended to 2,500ft² which has been let to Evoglass Limited on a three year term basis at a rental of £12,500 per annum which devalues to £5 per square foot.

Michael Donaghy of Fisher Hargreaves Proctor who represented Claremont Property Holdings commented “interest has always remained strong in Park Court and now that the first few deals have started to legally complete all others are quickly following suit.  The park has become the new home for fourteen new companies including in addition to the above Fidler & Pepper Solicitors for document storage, Sureprint and Ezydoct Limited to mention only a few.”

Paul Andrews of Knock Down Limited commented, “We are very pleased with the location.  The business is doing very well and we look to expand in 2008”.

There is still the availability of a 5,000ft² unit and if this is of interest to you then please feel free to contact Fisher Hargreaves Proctor or Nattrass Giles, our joint agents for further information.

FHP have confirmed that they have been instructed by the Revelan Group to market Derby’s largest speculative industrial/warehouse scheme in living memory.

Victory Park regenerates the former Qualcast Foundary on Victory Road, adjacent to Rolls Royce’s Headquarters in the City.  The first phase of which will provide 11 units ranging in size from 1,600ft² to 52,000ft².

Development has started and the units are due to be completed by the beginning of May 2008.

The units are available on a sale or lease basis, and already they have generated a considerable level of interest. 

The second phase can accommodate a further 125,000ft²/130,000ft² and at this stage the developers are open minded as to whether or not they will continue to provide a mixed range of unit sizes, or alternatively develop a large unit bespoke to occupiers needs.

Full information on this exciting scheme is available by contacting John Proctor, Tim Gilbertson or Jonathan Sayer at FHP. 

Fisher Hargreaves Proctor acting on behalf of Simon May & Company Limited have successfully agreed a surrender of their lease from Visual Packaging (Plastics) Limited having found new suitable Tenants in Thyssen Krupp Elevator UK Limited and agreeing appropriate terms such that the Landlord has taken them on as a Tenant direct and surrendered Fisher Hargreaves Proctor’s clients Lease.

Michael Donaghy of Fisher Hargreaves Proctor who acted on behalf of Simon May & Company Limited was pleased to agree the terms with all parties which has meant that Thyssen Krupp Elevator UK Limited have secured their perfect premises in Nottingham and Simon May & Company Limited have been able to walk away from their future property liabilities. 

The property comprises a modern open plan single storey office within a larger industrial facility on Easter Park, Nottingham’s premier industrial estate. 

The office element extends to 2,394ft² and has been re-let at the passing rental of £19,000 per annum which devalues to approximately £8 per square foot per annum.

Whilst the majority of us have tried to enjoy the summer months retailers are already looking towards Christmas.  As a result of this Fisher Hargreaves Proctor have negotiated a short term deal for PMB Pallet Express Limited to take occupation of premises at Digby Street, Ilkeston.  The unit extends to 30,120ft² and has the benefit of around half an acre of outside storage.  A rental of £55,000 per annum has been agreed.

From viewing the property on the Wednesday terms were swiftly agreed and keys were handed over to PMB Pallet Express Limited late on the following Friday.  Thereon the warehouse will predominantly be used for the storage and distribution of Christmas Puddings in the lead up to Christmas.

Alastair Fearn of Fisher Hargreaves Proctor commented:-

“On a site such as this where the end use is for development short term deals are always going to be of interest to our client.  Hopefully PMB Pallet Express Limited will stay in longer than the proposed term”.

Morgan and Company Chartered Surveyors acted on behalf of PMB Pallet Express Limited.

Fisher Hargreaves Proctor (Derby Office) have confirmed that their clients, Langham Park Developments have received detailed planning consent to redevelop the former National Coal Board Training Site at Temple Normanton in north east Derbyshire to develop 3 new warehouse units totalling approximately 185,000ft², which are due to be completed by the summer of 2008.

The scheme is seen as a significant regeneration project with the developers proposing to start on site over the next 2 months, enabling the units to be completed by the summer of 2008.

The proposals are dominated by Unit 1, which comprises a 15,550m² (167,500ft²) distribution unit, with the scheme having a projected end value of more than £13million.

The developers have confirmed that they will build the units on a speculative basis, with joint Managing Director Fin Mitchell, confirming “The M1 corridor within the East Midlands has become recognised as a major focus for distribution companies who wish to have their regional distribution centres located at the heart of the UK, in a location where there is labour available at reasonable rates.

The site at Temple Normanton is only 3 miles from Junction 29 of the M1 and accessed by the A617(T) dual carriageway, enabling swift and direct access to the M1 and by our calculations, approximately 80% of the working population of the England are potentially in reach within a 2 hour drive of the site.

The site is also only 4 miles distant from the town centre of Chesterfield, and being adjacent to the former Grassmoor Colliery, in a position which can naturally attract local labour.

The scheme is designed to target both national and local occupiers – by virtue of its site Unit 1 is likely to be occupied as a regional distribution centre, by a company of national significance, whereas Units 2 & 3 are targeted at the local market, being available on a sale or lease basis.”

Demolition of the former Training Centre is currently underway and the main contractor is likely to start on site in approximately 2 months time.

Langham Park have appointed Fisher Hargreaves Proctor and M3 as marketing agents for the site, with John Proctor, Partner at FHP confirming:

“For too long we have looked in envy at other locations within the UK where developers have taken the initiative and speculatively developed distribution and production units in strategic locations, which have enabled regeneration to occur and jobs to be created.

There has been very little speculative development within the Chesterfield area, in part through a lack of commitment from developers to consider the Chesterfield area, but more so because the sites have simply not been available.

We have already received expressions of interest in the site and are in discussions with companies interested in the scheme.”

The Temple Normanton scheme continues Langham Park’s expansion within the East Midlands area, continuing to reinforce their reputation as a progressive developer, following on from their recent developments at Castle Donington at Junction 24 of the M1, Stanton by Dale at Ilkeston, and the redevelopment of the Filigree Textiles site at Junction 28.

For information on the site contact FHP’s Derby Office on 01332 343222.

FHP are advising Langham Park Developments on their new 14 acre development at Temple Normanton in Chesterfield, where they have submitted a detailed planning application to the North East Derbyshire District Council for a 3 unit scheme.

The Core is a new distribution facility of some 171,000ft², which is proposed to be developed on a speculative basis.

It is hoped that the planning consent for the scheme will be obtained in the Summer to enable onsite works to commence shortly thereafter.

The unit is targeted at being available by the Summer of 2008, being offered on leasehold terms at a rental of £4.75 per square foot.