FHP Property Consultants are delighted to announce that Hargreave Hale, stockbrokers and investment managers established in 1897 with offices throughout the UK, have taken offices within The Point on Loughborough Road in West Bridgford. This follows the acquisition of some high quality personnel who have been operating within this field in the local area for a number of years.

Mark Tomlinson of FHP Property Consultants, who acted on behalf of the Landlords, Rushcliffe Borough Council, commented:-

“I am delighted to have achieved a letting to such a good quality company within this building following the previous letting to Handelsbanken onsite. We are now building a very strong Tenant profile in the building and now have only one unit remaining, which we hope to bring forwards interest on in the near future. The Landlords of the premises continue to present this building very well as it is very well managed and it is no surprise that such good occupancy levels are being achieved”.

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We approached FHP to search for options in central Nottingham. They really listened to our needs; creative studio space, meeting rooms, parking and a central location with flexible terms, and responded swiftly. From first approach to moving in has been 4 months! Mark Tomlinson has guided us through the whole lease process with diligence, patience and a pragmatic approach at all times.

 

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We identified Quantum House as the solution to base our business in Nottingham.  Its location within the professional quarter was exactly where we wanted to be and the suite we have taken will gives us a presence there with the ability for immediate growth.  FHP were excellent in reacting to the speed of our requirement and helped to facilitate our swift and smooth arrival into the building.

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FHP Property Consultants are pleased to announce the letting of first floor prestigious office space to Citibank as they relocate from Pride Park.

Citibank have taken high quality first floor office space of approximately 4,461 ft² at the well known Pentagon House, a landmark office building on Sir Frank Whittle Way close to the Pentagon Island.  Marketing the space on behalf of the current lessees, Balfour Beatty, Tim Richardson of FHP comments:

Citibank were looking for high quality space on flexible terms and identified Pentagon House as the ideal option for them.  The quality of space, light airy accommodation, superfast broadband, manned reception and excellent parking ratio were a great attraction to them”.

FHP have 3 suites remaining of approximately 4,000 ft² each across the ground and first floor.  They are in the process of agreeing terms for a further letting, but otherwise should be pleased to discuss the further space with any interested parties.

For further information contact Tim Richardson at FHP: 01332 343 222.

 

 

End

May 2015

Latest News

Mark has worked exceptionally hard to secure the letting of our Offices at 52 The Ropewalk, Nottingham, and we were amazed that he secured a tenant for us within two weeks. We have worked extensively with FHP over the last 20 years and they have always secured tenants for us quickly and efficiently to minimise our costs. We find their service is exceptional.

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I have worked with, for and alongside John for 20 years having initially met on the sports pitch.  John has provided advice to Gateley which has enabled the firm to continue its organic growth within the East Midlands region and most particularly helped us move to our new offices at Park View House in Central Nottingham.  What I enjoy and value is that in working with John I know that he is seeking to ensure that the deal negotiated meets exactly with the brief that has been outlined and where we are working together there is a clear communication and understanding that enables us to practically and successfully negotiate our way through a problem to get the right result.

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John has assisted me in the relocation of our Leicester and Nottingham offices.  John provided me with a clear synopsis of the options that were available, summarised the pros and cons of the opportunities and the occupational costs involved and achieved through negotiation the financial objectives that we were seeking to achieve.  Most importantly after the deal was agreed John was still there to help me resolve issues that arose both of a legal and practical nature.

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John has acted for me on a number of occasions over the past 15 years, most recently when our office building in the centre of Nottingham became vacant.  The matter was complicated by an outstanding dilapidations claim but I am pleased to say… that within a six month period our building is once again tenanted, the dilapidations were fully settled and whilst the process was not without its problems John guided us through with sound practical advice and protected both our income and asset value. I would be very happy to retain FHP for all of my future property advice.

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Lucinda Hancock of FHP Property Consultants has recently completed the last available suite in the multi occupied office space at 3 Hope Drive located within The Park Estate in Nottingham.

The offices on Hope Drive have been converted into a semi-serviced office premises offering a bright working environment with all inclusive rental deals on flexible lease terms to suit small to medium sized companies in the City.

The latest tenants are Driver Hire Nottingham who have relocated from their existing Nottingham based premises. Driver Hire Nottingham wanted to stay within close proximity of Nottingham City Centre and 3 Hope Drive ticked all the boxes essentially enabling their Team to ‘plug in and go’.

Lucinda Hancock who acted on behalf of the landlord commented:

 “We are pleased to complete the letting at Hope Drive where we now have a flourishing tenant mix. 3 Hope Drive has proved very popular with occupiers enthusiastic to be within reach of the City Centre and this is another success story for the serviced office market in Nottingham.”

For further information with respect to this letting, please contact Lucinda Hancock of FHP Property Consultants on 0115 841 4794 or lucinda@fhp.co.uk.

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FHP Property Consultants are pleased to offer to let a stylish first floor space with its own front door off The Strand Arcade in Derby City Centre.

The premises lie within a unique and characterful position within the Cathedral Quarter.  The Strand Arcade links The Strand to Sadler Gate, a niche retail location within the City Centre, but easily accessible from the inner ring and with ample public car parking in the vicinity.

The space itself is finished to a high standard providing self-contained accommodation accessed via distinctive entrance doors off The Strand Arcade and providing a range of predominantly open plan space.  Presently used as offices, it would lend itself to alternative uses and extends to some 154m² (1,657ft²).

Tim Richardson from FHP comments:

This is an excellent opportunity to acquire good quality accommodation that is a bit different from the run of the mill space and is offered at a very competitive rental”.

For further information contact Tim Richardson at FHP: 01332 343 222.

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Tim has acted for us on our properties in Derby for several years and given us straightforward advice which has helped tailor our strategy. He has also achieved various lettings all to good quality companies and has sought to achieve the best outcome for us in terms of commercial agreement and strength of covenant, preferring to proactively seek out tenants who will be in the best long term interest of the estate.

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Top class office space in the heart of the city centre is about to come on to Nottingham’s starved office market.

More than 26,000 sq ft of Grade A space in a landmark building on Park Row is currently undergoing a high quality refurbishment.

Landlords have decided to invest in the improvements to 37 Park Row, part of the imposing Cumberland Place development in Nottingham’s professional quarter. The space has been vacated by Nottingham Trent University and will now be given a comprehensive overhaul before it comes on to the market. This includes an external facelift, a new reception area, new interior facilities and substantially upgraded office space.

The property is being marketed jointly by John Proctor, from the Nottingham property consultancy FHP, and James Keeton, of the Nottingham office of national real estate advisors JLL.

“Nottingham is still chasing the dream of a speculative new office development which might attract some of the professional occupiers who we know are out there,” said FHP director John Proctor. “The mismatch between the cost of development and the rents that can be achieved continue to make that challenging, and building cost inflation is not making things ay easier.

“The office market is making progress, though, through the refurbishment of vacant existing stock which is in the right shape to serve the needs of modern, professional occupiers. That approach has worked successfully at Park View House nearby, where Mazars, Gateleys and Allied Irish Bank are among the tenants.”

He added: “Professional demand for office space is out there. Demand began to rise towards he end of last year and there are now some sizeable transactions in the pipeline.This is the year when moves are going to be made.”

James Keeton, Associate Director at JLL, said that though occupiers were frustrated by limited opportunities to relocate and upgrade refurbishments projects like Park View House and 37 Park Row and work at other sites would help redress the balance.

He commented: “Park Row will deliver 26,331 sq ft of Grade A space to a very high quality, with open plan offices and a feature reception, situated right in the heart of the central business district.

“Once the refurbished offices are ready for occupation they will significantly increase the volume of office space immediately available in the city centre, albeit take-up is already starting to bring this down.”

The refurbishment works at 37 Park Row are expected to be completed in May.

For further information contact John Proctor at FHP on 0115 950 7577

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FHP have been appointed by London and Scottish Property Asset Management to market one of Nottingham’s landmark buildings – Stanley House, Talbot Street, Nottingham.

The historic building dates back to the 19th century and was substantially refurbished in the late 1980s / early 1990s when new build offices were developed behind the original façade.

London and Scottish are now committed to undertake a complete refurbishment of the 32,000ft² building to offer suites from 5,000ft² to 32,000ft² in size.

John Proctor of FHP who is handling the instruction confirmed:-

“It is great news for Nottingham that a landmark building of this nature is to be retained for offices. The strengthening office market is enabling buildings to be retained for office use. Up until recently the majority of buildings would simply have been lost to residential.

Nottingham still has the privilege of having the largest central office community within the East Midlands area and it is essential that good quality offices are offered to enable the strength of the City to be maintained.

The contribution of the business community to the success of the Nottingham City Centre is often undervalued / underestimated. Both Derby and Leicester have tried for years to be able to increase the popularity of their respective City Centre office representation and it is important that Nottingham realises this and protects its central business community”

ENDS

For further information please contact:

John Proctor at FHP Property Consultants on 0115 950 7577

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FHP Property Consultants are pleased to bring to the market this high quality 2 storey office building at Key Point Office Village, Alfreton which enjoys an excellent location off the A38 dual carriageway, approximately 2 miles from Junction 28 of the M1.

The building is finished to an excellent standard and provides some 1,360ft² of accommodation together with designated parking.

Tim Richardson from FHP comments:

“This is a rare opportunity to buy your own premises in a very accessible location and we are anticipating a good level of interest”.

The property is available for purchase with a guide of £160,000, or alternatively on a new lease quoting £13,950 per annum.

For further information contact Tim Richardson at FHP 01332 224 857.

 

 

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FHP Property Constultants are delighted to offer to let a high quality ground floor office suite situated on Derby’s premier business park.

The premises extend to some 170m² (1,829ft²) of office space, which includes gas central heating, raised access floors and air conditioning.  The building fronts on to Riverside Way and has on-site car parking.

There are excellent facilities on Pride Park including Starbucks, David Lloyd, Frankie  & Bennys, Subway, Greggs and Seven Restaurant.

The property is available to let by way of a new lease direct from the landlord.

For further information please contact the agent, Tim Richardson at FHP on 01332 343 222.

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Acting on behalf of Clowes Developments in conjunction with joint agent Salloways, Tim Gilbertson of FHP is delighted to confirm a further substantial leasehold disposal at Ivanhoe Business Park at Ashby-de-la-Zouch.

The latest deal sees expanding locally based company, Health Safety & Engineering Consultants Limited relocate from their former base in Ashby to modern purpose built office accommodation on the fringe of the town in a prime location within minutes access of the M42.  Yet another successful deal on the park now leaves us merely with one existing office available immediately of approximately 4,500ft².

However, with plenty of land and numerous ongoing discussions at present to offer design and build solutions for both office, industrial and warehouse operators on the remainder of the site, further deals are expected shortly.

Speculative solutions can be offered to purchase or rent and for further information please contact Tim Gilbertson at FHP on 0115 9507577.

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Frustrated by a slow internet connection?  Super fast fibre optic broadband has been installed at Laurie House providing an excellent connection to serve all requirements that may be needed in the building. This has helped secure Citibase as the first tenant who have taken the 4th floor providing a brand new serviced office centre in the City.  Laurie House can now offer accommodation from one desk upwards to a total of nearly 30,000 ft².  Citibase are now the largest independent operator in the sector providing fully serviced business centres for cost conscious SME’s.

James Richards from owners of the building, Clowes Developments says, “we have invested a very significant sum in refurbishing and upgrading the property including the fibre optic broadband connection, feature illuminated frontage, Italian stone cladding and internal fit-out”.

Tim Richardson from FHP Property Consultants, adds “We are delighted that Citibase saw the advantages offered by the building including broadband, refurbishment and City Centre location.  Further space is available and we welcome all enquiries ranging from a single office to requirements for 300 people.”

Laurie House is situated in the City Centre close to Victoria Street and is therefore readily accessible to restaurants, cafés and shops, as well as being easy to get to from the Inner Ring Road.  Car parking is available in the adjoining multi-storey.

For further information please contact Tim Richardson at FHP or joint Agents Knight Frank.

 

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FHP Property Consultants are delighted to announce the sale of the ground floor offices at 2.2 Clarendon Business Park to GeoDyne Limited, an independent Geotechnical and environmental consulting engineers with offices in Nottingham and Derby.

This marks an expansion of GeoDyne’s Nottingham office following positive performance and expansion over the last few years.

Mark Tomlinson of FHP Property Consultants who acted on behalf of the vendor in the sale commented:-

“GeoDyne had been in the market for some time looking for freehold office accommodation and the difficulty has been the lack of options available to purchase in Nottingham and also the general lack of car parking provided with the majority of the options.”

“Clarendon Business Park offered a high level of car parking (approximately 5 spaces per 1,000ft²) and the accommodation suited GeoDyne’s needs well.”

“There remains a lack of accommodation For Sale on the market and enquiries looking to purchase within this size bracket only have a handful of options in the whole of greater Nottingham, which is resulting in a steady increase in freehold values being achieved and vendors are now becoming ever more bullish when looking at freehold quoting figures.”

END

Latest News

As a result of changes in the private education sector, Grosvenor School on Melton Road in Edwalton was forced to close its doors back in the summer of 2014.

The owners of the school instructed FHP to handle the marketing of the property which has resulted in a sale of the main school building and the nursery building to the well-established nursery operator, Child’s Time Limited.

David Hargreaves, who acted on behalf of the Vendors, confirmed that the proposal is to demolish the existing nursery building and turn it into a playground, whilst moving the nursery school into the main school building.

Matthew Liggins of Musson Liggins, who represented the Purchasers, said:-

“By relocating the nursery into the main school building it will provide my clients with significant scope to develop the nursery over the coming years and build on the strong brand and reputation they already have.”

David Hargreaves said that FHP and FHP Living have now been instructed to sell the remaining land which comprised the Grosvenor School and which is capable of being developed to provide 3 substantial detached houses on a subject to Planning basis.  FHP expect to secure offers in excess of £1million.

FHP acted on behalf of the Oldershaw family, whilst Musson Liggins acted on behalf of Child’s Time Limited.

 

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FHP have handled Waterfront House, a 74,000ft² self contained office building, since it was constructed in 2006 and Shakespeares join a high profile line up which includes BWB Consulting, Coca Cola, Ikano, Grant Thornton, Shoosmiths and Brewin Dolphin.

The move continues Shakespeares relocation of their regional offices into modern open plan single floor plate office buildings.

John Proctor of FHP confirmed:-

“Our Clients took the bull by the horns to refurbish the space to provide good quality open plan offices and have reaped the rewards.

Southside continues to strengthen as a business district and the letting continues the theme of good quality refurbished space letting quickly.

We finally seem to be seeing the economic recovery leading to increased confidence in the Nottingham office take up and I hope that this will continue and lead to us finally seeing new speculative development to provide much needed new Grade A stock”.

4th February 2015

John Proctor

For further information contact John Proctor at FHP on 0115 950 7577

Latest News

FHP have confirmed that detailed planning consent has been granted by Nottingham City Council allowing an exciting new development to be brought forward on the remaining 3.5 acres at Davidsons’ Portal site on Queens Drive in Nottingham.

The scheme will develop a new 43,000ft² Dunelm Soft Furnishings Store to allow them to relocate from their existing store on Radford Boulevard to a more prominent and more central location.

Davidsons will also be delivering a prestigious two storey car showroom at the entrance of the scheme and there will be a self contained three storey office building of approximately 14,000ft².

John Proctor at FHP has been advising on the scheme and agreed a letting to Dunelm and confirmed:-

“We are delighted to receive the green light to this scheme which will redevelop one of Nottingham’s most prominent undeveloped sites on the Queens Drive entrance into the City Centre.  Davidsons have worked hard at introducing high quality design and elevations to both the retail and car showroom element and we look forward to seeing the scheme take shape over the forthcoming months”.

27th January 2015

John Proctor

For further information contact John Proctor at FHP on 0115 950 7577

Latest News

Derbyshire based commercial property developer and investor PMW Property Developments have recently purchased 4 office units at The Village Office Scheme in South Normanton.

Unit 22 – 28 are all of approximately 2,000 ft² each.  Unit 22 is now under offer, whilst Units 24 and 26 area available to let although a sale will be considered.  Units are available individually or combined totalling approximately 4,000ft².  The units are finished to an excellent standard including raised floors, feature lighting, suspended ceilings, high quality fixtures and fitting including kitchens with integral white goods, air conditioning and on-site parking.  There is a manned security gatehouse at the entrance to the estate which is a managed courtyard environment.

Mike Wrigley of PMW commented:

The Village has faired well over the last few years and we were pleased to secure a purchase of these final units to add to our investment portfolio.  We have received good early interest in the premises”.

Unit 28 is currently occupied.

Letting Agents on the scheme are FHP Property Consultants through both their Derby and Nottingham offices.

Tim Richardson of FHP commented:

“These are good quality offices in a very accessible location off Junction 28 of the M1 and ideal for businesses in the area who prefer to have good road connections which are available through both the M1 and A38 dual carriageway”.

For further information please contact Tim Richardson at FHP on 01332 224 857.

 

Latest News

FHP acting on behalf of CUK Clothing Limited have completed a letting of some 50,000 sq ft to Torch Academy Gateway Trust for a Free School.

 

The School, which opened to new pupils in September at Haydn Road, is in the former Courtaulds factory.

 

FHP introduced the opportunity to Torch Academy Gateway Trust, whilst Matt Robertson at JLL’s Nottingham Office acted on their behalf.

 

FHP in conjunction with Innes England have been retained by CUK Clothing Limited to seek tenants for the remaining accommodation occupied by Courtaulds totaling approximately 25,000 sq ft at ground and first floors.

 

David Hargreaves of FHP said: “The ground floor will be appropriate for retail use, sitting next to the 25,000 sq ft Courtaulds Factory Shop, whilst the first floor provides first class open plan office accommodation with a variety of individual meeting rooms.  The vacant accommodation benefits from some 150 on site car parking spaces to the rear of the building.

 

FHP and Innes England will be bringing the accommodation to the market in the New Year.

 

 

 

Latest News

FHP Property Consultants are delighted to have been instructed as joint agents with Innes England to offer an interesting opportunity to acquire business space premises within the Beeston Business Park.

The building extends to a total of 12,522 ft² capable of division into 2 units from 5,659 ft².

The building is situated within a secure business park environment.  Beeston Business Park is an excellent location and environment especially for hi-tech industries has the benefit of a security manned gatehouse, securing fencing and CCTV.  The site benefits from enterprise zone status bringing benefits such as reduced rates for eligible projects.

The site is also well located, with Beeston Railway Station being situated directly adjacent to the park, and there being easy road access to the M1 motorway at Junction 25 via the A50 and, also the City Centre.

The property itself comprises a mixture of offices/lab space and storage but would be readily capable of adaptation and conversation to provide an alternative mix of space including traditional warehousing if required.

For further information please contact Tim Richardson at FHP on 01332 343 222 or Mark Tomlinson on 0115 950 7577.

 

 

 

Latest News

I joined FHP in 2014 having previously worked for a surveying practice in West London focusing on office and industrial instructions within close proximity of Heathrow Airport.

I now form part of FHP’s Office and Industrial Team working from the Derby office where I focus on the sale, leasing and acquisition of office and Industrial premises in strategic locations along the M1, A50 and A38 corridor across Derbyshire and the East/West Midlands.

Latest News

FHP Property Consultants are delighted to announce the letting the Unit 5 Innovate Mews to Braiswick Photography, a specialist photography company relocating from Mansfield.  This has resulted in full occupancy being achieved at Innovate Mews following decent levels of interest being received in the unit.

Mark Tomlinson of FHP Property Consultants commented:-

“Towards the end of 2014 we have noticed a marked increase in enquiries being received for offices below 3,000ft² with various parties in the market for modern office accommodation such as the units provided at Innovate Mews on Sherwood Park”.  “We are currently bringing forwards good levels of interest on similar units at Junction 26 and Junction 28 of the M1 Motorway which could further reduce the availability of good quality office space in the market”.

END

 

Latest News

Acting on behalf of private property investor clients, Tim Gilbertson is pleased to announce the completion of a substantial office letting in Mansfield extending to just over 6,000ft². 

The deal concluded sees Central Nottinghamshire Clinical Services take high calibre first floor space at Phoenix House on Oak Tree Lane in Mansfield for their expansion and relocation. 

Tim Gilbertson brokered the deal and commented: 

“This is a substantial letting for our clients who have owned this property for some time with the ground floor already occupied.  This deal sees the building now completely occupied and provides an excellent return for our clients. 

We wish Central Nottinghamshire Clinical Services well in their base and know they will enjoy taking advantage of this excellently positioned and very well presented building.” 

The deal again shows how in late 2014 the commercial property market in the region was strengthening and we hope to see similarly improving market conditions in 2015 where the biggest difficulty to overcome will be a lack of stock rather than lack of demand. 

Hopefully though a strengthening in economy in the New Year will provide an equally strengthening commercial property market.

Latest News

The Nottingham office of top 50 law firm, Gateley, has demonstrated its continued commitment to remaining within the heart of the city’s business community by moving on a long-term lease to centrally located Park View House.

Prominently positioned at 58 The Ropewalk, the move, scheduled for early December, will allow the operation to continue its growth plans within Nottingham’s professional quarter.

John Proctor of FHP acted for Gateley on the deal, whilst the landlord was represented by James Keeton of JLL and James Hall of Geo Hallam & Sons.

Led by Real Estate partner and head of office, Andy Matthews, the Nottingham operation is a key player in the city’s professional services community, providing clients with expertise across Banking & Finance, Commerce, Technology & Media, Property Litigation, Contentious Construction, Corporate, Corporate Recovery, Employment and Real Estate.

Andy Matthews commented: “The Park View House move will provide modern, professional office space in an easy to find location.

“We made a number of key hires and promotions during 2014 across our service offerings. The move reflects our investment in developing the team further”.

Simon McIntosh of F&C Reit who represented the landlord added “Following the speculative refurbishment, F&C REIT are delighted to have secured Gateley, another blue chip tenant. This letting reinforces the demand and flight by tenants to modern, Grade A refurbished office buildings in Nottingham.”

This news follows a successful twelve months for Gateley’s East Midlands teams. In May 2014, the Nottingham and Leicester Corporate team was named Legal Team of the Year at the Insider East Midlands Dealmakers Dinner. In addition, in the most recent Experian Corpfin Advisor league table, the firm achieved a first place ranking by deal volume in the Midlands as well as nationally.

Latest News

FHP have recently concluded the sale of Unit 13 Churchill Business Park in the Colwick area of Nottingham to Reprotec, a long established printing and document management company already based within the Colwick area.

Following strong trading Reprotec have expanded their operations, purchasing this good quality property to house further office staff as part of their expansion plans.

Mark Tomlinson of FHP Property Consultants, who acted on behalf of the Vendor in the sale, commented:-

“Reprotec have been active within the market for some time looking for a suitable opportunity to accommodate their expansion plans.  I am delighted that they have now found the right solution to accommodate this growth.

This property has sold relatively quickly and this is a trend we are seeing on many freehold opportunities in the market at this time.  For prospective Purchasers there are not many freehold opportunities on the market and therefore we are seeing increased competition for the properties which are being offered for sale.  This is resulting in a steady increase in values and vastly reduced marketing periods for Vendors.

Hopefully this trend continues and I am confident that we will see freehold appetite in the office market continue, therefore values can continue to climb back up to levels seen prior to the recession.  We are some way from that stage at the moment but progress is certainly being made”.

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I joined FHP several years ago as one of the dominant agencies in the region, attracted by a shared ethos of quality of service, in depth market knowledge, adding value, teamwork and proactive approach. Having qualified as a Chartered Surveyor in 1996 I have worked for both national and regional practices across the Midlands, with the last 20 years or so based from Derby. I have and continue to deal with a wide range of properties and sectors including industrial and distribution, offices, development land, and retail. Following many years of experience in the transactional side of the business, I now focus largely on property valuation for a variety of purposes including loan security, pension fund, company accounts, Charities Act, taxation and insurance reinstatement, although I still get involved in matters such as rent reviews, lease renewals, acquisitions and strategic advice. My hands on market knowledge enables me to provide the best advice for clients. Our in depth knowledge in the market combined with a practical approach and wide resources allow us to provide sound advice.

 

 

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