FHP are pleased to confirm that a deal has completed between their client and EHL Solicitors on the letting of 8 Forest Road, Loughborough. The property comprised a semi-detached self-contained two storey period office building across cellular accommodation with excellent car parking facilities to the rear of the property. 8 Forest Road was located in a prominent position fronting Forest Road, just south of Loughborough town centre that was well served by a plethora of amenities and transport links.

It generated a good level of enquiries from the commencement of the marketing, given the lack of available stock within Loughborough and we secured a high level of viewings on the property. Alongside receiving a number of offers on the property in which our clients were delighted with.

Our retained client, commented:

“Amy and her Team at FHP have provided exceptional service and support throughout. Always proactive and supportive in dealing with the many questions we asked.  We have no hesitation in recommending them for all commercial property matters.  Very pleased indeed and many thanks too”.

Amy Howard, surveyor at FHP Property Consultants commented:

“It was a great result to finally get this letting over the line and the new occupier to be handed over the keys. The level of interest we received on the property portrays the demand for office stock within Loughborough is high although there is limited availability within the market. The ample parking available within the demise was certainly an attractive feature upon the marketing, something that is typically limited. Rents across Loughborough remain competitive, and we achieved a good result for our client, in which they were delighted with.

If you are currently occupying office space within Loughborough and looking to explore your options to vacate. Either by looking to surrender your lease early or sub-let, please feel free to get in touch with FHP Property Consultants so we can further advise on your potential options.

Alternatively, if you are a landlord looking to rent or sell office space, this is something we would be happy to assist with disposing and securing you the best possible deal going forward”.

For further information, please feel free to contract me on 07887 787894, or email me at amy.howard@fhp.co.uk.

FHP are delighted to have completed on the third floor suite letting at 55 Maid Marian Way to Metric Search Ltd.  The suite comprised an open plan layout that had recently undergone an extensive refurbishment offering high quality office space situated within Nottingham City Centre.  Refurbishment works had also taken place within the communal areas further modernising the space and entrance areas to provide further depth and warmth throughout as well as enhancing the experience for the current tenants and professional nature for their clientele.   55 Maid Marian Way is located centrally within Nottingham City Centre benefitting from excellent transport links and a plethora of nearby amenities.

The suite generated a strong level of enquiries from the commencement of the marketing, and we managed to achieve a strong headline rent going forward for 55 Maid Marian Way.  It is evident that there is continued demand for high quality office space within the City Centre and refurbishments are being pushed in order to generate more Grade A office supply.

Amy Howard, Surveyor at FHP Property Consultants commented:

“It was an excellent result getting this over the line, and we are pleased to achieve a new headline rent for our client. We advised our client on a high quality refurbishment to meet with the ever changing demands of office occupier’s needs. The level of interest we received further highlights this and the need for landlords to adapt to occupier’s preferences.

It was great to assist both my client and Metric Search Ltd on this deal, especially as we managed to get the deal agreed early on in the marketing period.   All parties worked together to achieve completion in a swift timeline, that coincided well with completion of the landlord refurbishment works.  I wish Metric Search Ltd all the best in their new premises.”

Zac Flint, Director of Finance at Metric Search Ltd, commented:

“FHP provided us with access to multiple properties across Nottingham in the search for our new office space, and understood the requirements we were looking for which ultimately helped us get the right property with 55 Maid Marian Way.  Their portfolio of properties and knowledge of the local area is second to none and I would recommend them for your next move or if you are interested in information on quality office space within the Nottingham City Centre.”

Rhys Jones, Asset Manager at Clearbell, commented:

“The refurbishment works at 55 Maid Marian Way have completely transformed the property.  Metric Search are a great new occupier for the property and they complement the current tenants currently in occupation, and will no doubt thrive in their new space.

FHP have been excellent throughout the letting period, and their assistance has been key to securing an ideal new tenant for the space. Both Amy Howard and Mark Tomlinson have been professional throughout and updated us regularly on both the letting and legals period.  We look forward to continuing working alongside them and highly recommend their service”.

If you are interested in disposing of your property on a leasehold or freehold basis, or currently seeking new office space and require further advise please feel free to contact myself on 07887 787894, alternatively you can email me at amy.howard@fhp.co.uk.

ENDS

May 2024

FHP Property Consultants are pleased to bring to market Unit 7 Chase Park, which consists of a two storey office building suitable for both hybrid and office use. The property is available on both leasehold and freehold options and it benefits from excellent access to both Nottingham City Centre, West Bridgford and Colwick providing a plethora of amenities. The former hybrid unit has a level loading access door installed on the ground floor providing the opportunity to reinstate it to warehouse space. Alternatively, the ground floor has recently undergone a refurbishment providing good quality office space, with additional open plan office space on the first floor. It also benefits from substantial parking, positioned within a Cul-de-Sac allowing further spaces available. There are currently two self-contained entrances for both floors making it suitable for a variety of uses (STP) and the opportunity for the suites to be split per floor.

7 Chase Park is available on new lease terms at a quoting rent of £48,000 per annum, or for sale with vacant possession at an asking price of £575,000.

Amy Howard, Surveyor at FHP Property Consultants commented:

“We have previously marketed 7 Chase Park on a leasehold basis only, although with limited interest we faced given the changing demands for the office market it was clear that we needed a new approach on the property. After several discussions with my client, we felt the best possible strategy was to have it on a freehold basis also.

The property is situated within a well established industrial location with a variety of national and regional occupiers. It presents itself well from both a hybrid and office perspective and I imagine we will generate a strong level of interest given the flexibility the space provides and location. The ample car parking with the unit is also an attractive feature, with Chase Park being a popular estate throughout the years.”

For further information on the above property, please feel free to contact me on 07887 787894, alternatively you can email me at amy.howard@fhp.co.uk.

ENDS

9 April 2024

FHP Property Consultants are delighted to bring the market a two-storey detached office building in Holmewood, Chesterfield on an established business park with quick access to Junction 29 of the M1 Motorway.

The premises occupy a convenient position within a private business park off Chesterfield Road which leads to the A6175 and subsequently Junction 29 of the M1 Motorway, just a five minute drive away. Chesterfield City Centre is also easily accessible within a ten minute drive of the office. The offices are well located and provide excellent access to regional city centres and the wider country.

The property comprises a detached two-storey office building with brick elevations under a pitched tiled roof with 20 car parking spaces. Internally the ground floor is fitted out as a storage/ lab space with concrete flooring and suspended ceilings. The first floor offers open plan office accommodation with carpeting, perimeter trunking and suspended ceilings.

FHP recently let a 3,951ft² office on Holmewood Business Park in January 2024 after only having it on the market for a couple months, we have also just placed under offer another office on this office park which is 7,933ft².  Both deals show that Holmewood Business Park is a popular place for office occupiers given its great location and offering.

This office is available to rent at £60,000 per annum.

Corbin Archer of FHP Property Consultants comments:

“I am pleased to be bringing to market this property at Holmewood Business Park as it offers an occupier the chance to have their own detached headquarter building on an established business park with great transport links. Given the success we have had recently on this estate I expect there to be a good level of interest and I look forward to speaking with interested parties.”

For further information or to arrange a viewing at any of these properties, then please do not hesitate to contact Corbin Archer on 07929 716 330 / corbin.archer@fhp.co.uk or Darran Severn on 07917 460 031/ darran@fhp.co.uk.

ENDS

April 2024

FHP are delighted to confirm the letting of Unit A Bradmore Business Park in Bunny to Geo Green Power Ltd. The property comprised a detached high quality two storey office building situated within a Parkland Campus to the south of Nottingham.

Benefitting from 25 designated car parking spaces falling outside of the Nottingham Workplace Parking Levy, it was certainly an opportunity not to miss out on. Bradmore Business Park comprises three sister buildings that were developed in 2011, all consisting of high quality modern detached office space and has proved to be popular over the years, with their architecturally stimulating design, showcased through timber clad and curtain wall elevations.

Unit A Bradmore Business Park generated a strong level of enquiries with the majority of interest leaning more towards a floor-by-floor option of circa 3,000 sq. ft, which seems to evidentially be in strong demand for ‘out-of-town’ business park floor space requirements. Ideally, we wished for one occupier to take the whole space available to make it more of an attractive option for our client, although they were open to either. We were delighted when GeoGreen Power Ltd came along and expressed their interest in the whole property. After viewing the suite only once, they were already set that this was the office for them as the characteristics of the building appealed to them and their type of occupation.

Amy Howard, surveyor at FHP Property Consultants commented:

“It was a great result in the end for both our client and GeoGreen Power. The demand for ‘out-of-town’ office space especially in this size bracket is not as high as it once was, so it was a great result to secure a deal so quickly and complete on the legals within four weeks of being under offer.

This property is an example that if a landlord maintains their property well and offers high quality modern office space then the demand is still there and prospective tenants are keen to move. GeoGreen Power Ltd had only recently started their office search but had not yet come across one that suited their needs and ultimately fell in love with Bradmore Business Park on their first viewing and I wish them all the best on continuing their journey.

We are witnessing demand increasing for offices situated within business parks, with accessibility being a key requirement alongside ample car parking making it attractive for employees and accessible. I am excited to see what this year brings with the office market as in recent months we have seen a rise in take up.”

If you are interested in marketing your property, whether situated within an in-town or out-of-town location, please feel free to call me on 07887 787894 or alternatively you can email me at amy.howard@fhp.co.uk.

FHP Property Consultants are pleased to have completed a double deal at Wetherby Business Park. The property is located just off Ascot Drive in Derby with easy access to the city centre just 2 miles away.  This is an excellent deal for both FHP Property Consultants and the client as one tenant has taken both an office and an industrial/warehouse unit adding to the mix of occupiers within the business park.

We are constantly talking to potential occupiers who are looking for office space in Derby.  Due to the lack of stock, there aren’t many options for potential tenants to look at so if you’re a landlord and looking to let or sell your property then please do not hesitate to contact me.

Harry Gamble of FHP Property Consultants comments:

‘’It was great to find a tenant that was suitable for these offices, and it was an added bonus that he was going to take an industrial unit as well.  This is a great result for our client, and we now currently only have three offices available to rent.  They range from a size of 97ft² to 1,99ft².  The offices are good quality and present a great space for a business to thrive in.  I wish the new tenant every success in the future.’’

For further information on these vacant offices, or if you would like us to help you find an office of your own, please do not hesitate to contact Harry Gamble on 07398 443 828/harry.gamble@fhp.co.uk.

ENDS

Harry Gamble

March 2024

FHP are delighted to confirm that we have now reached full occupancy at Castlebridge Office Village, with the remaining suite secured by Altia Solutions Ltd. The Village is set within Castle Marina and benefits from being situated within 1.25 miles from Central Nottingham with retail and leisure facilities in immediate vicinity. Altia Solutions Ltd secured a high quality self-contained office suite situated on the ground floor and benefited from a generous level of parking set within an ‘in-town’ location. Castlebridge Office Village is occupied by a diverse range of tenants including legal, technological, professional services and more.

Initially the property was available over two floors with a floor area of circa 5,000sq. ft. Although the demand for this type of office size was scarce due to government implements that have been put in place such as the ‘working from home’ / hybrid approaches. With further advice and discussions with the client, it was evident that we needed to reduce the size available to attract further enquiries to achieve occupation. It was a risk, but one that paid off as we now look to welcome Altia onto the estate and achieve full occupancy.

Amy Howard, Surveyor at FHP Property Consultants commented:

“Castlebridge is an estate I have been working on from the start of my FHP journey, so to achieve full occupancy is a great result, having secured 6 new tenants. It portrays the desire for office space is still apparent and that demand is still there within the market. If landlord’s are open to spending capital on their properties and listening to the market to improve overall quality of the office space, the demand is still there and tenants will pursue these spaces.

Altia Solutions Ltd have been in the market for several months and viewed numerous properties over this time frame, so not only was it a good result for my client but also great to see Altia secure their new premises and I wish them all the best in their new premises.”

Sarah Venn, from Altia Intel Ltd commented:

“After diligently searching for alternative office space throughout 2023, we are thrilled to have found the perfect unit to accommodate our needs.  Amy Howard and John Proctor’s support and expertise made the entire transaction seamless and efficient.  Their professionalism ensured that every aspect of the process was handled with the utmost care and attention to detail.

As Landlords, FHP have proven to be a breath of fresh air – their approachable nature, coupled with their commitment to simplifying processes and addressing queries promptly has made our transition into Castlebridge a smooth and enjoyable experience.”

If you are looking for advice on your current office space, or in the market for new premises, please feel free to call me on 07887 787894 for further advice, alternatively you can email me at amy.howard@fhp.co.uk.

ENDS

7 March 2024

Chartered surveyors, Geo Hallam & Sons and FHP realise CWCS expansion

Following increased demand for managed hosting and data centre services, fast growing CWCS Managed Hosting has acquired a 9,300 sq ft building in Nottingham to increase the company’s data centre footprint.

Headquartered in Nottingham, with locations throughout the UK and USA, CWCS provides 24/7/365 enterprise-grade infrastructure for mission critical data systems, websites and applications through a choice of cloud, bare metal, dedicated servers, and colocation services.

The acquisition of the new site follows extensive research and the data centre is due to be online in 2024.  The announcement forms part of CWCS’s strategy to support growing demand from existing and new customers, as well as supporting the growth for current and future acquisitions.

Karl Mendez, Managing Director of CWCS Managed Hosting, explains why the expansion is so important and timely:

“In the last three years, we have embarked on an ambitious growth strategy to expand our portfolio of services through company acquisitions.

There’s an increasing demand for hosted solutions, especially private cloud and server colocation where customers want their data in a redundant and secure data centre facility with technicians available 24/7, and that’s exactly what we can offer.

Opening a new data centre in Nottingham significantly increases our capacity to offer flexible options comprising of cloud hosting, dedicated server hosting, and colocation services.

Above all, it ensures we can continue to meet the individual needs of our customers and positions us as a partner in mission critical data hosting.”

Final specification details will be announced later in 2024 but the data centre will continue the CWCS strategy to uphold certifications ISO 27001 and 9001 in security and quality management.  The company also aims to be become carbon neutral by 2030.

Giles Davis, Partner at chartered surveyors, Geo Hallam & Sons, acted as the agent to find premises for the state-of-the-art facility.  Giles explains the how they met the tough brief:

“The search to find a suitable facility was a challenging brief, given the nature of the CWCS business.  We looked for premises that were well located and could be stripped back with planning permission.  The building we’ve secured is an ideal canvas for CWCS to fit out with their new data centre and associated offices.  We wish the team every success.”

Mark Tomlinson at Director at FHP, who acted for the sellers in the sale commented:

“The lack of industrial freehold opportunities could have prevented CWCS from achieving its expansion, but by working with Giles Davis at Geo Hallam we’ve been able to solve the problem by putting forward a building they can repurpose, securing a sale for our client, and helping CWCS achieve its vision.  We are delighted to have completed this deal with them and wish CWCS every success with its expansion.”

The new site will be a leader in energy efficiency, as Karl explains:

“This is an energy hungry industry so it’s imperative we take responsibility for the energy our centres consume and help our customers manage their energy overheads and emissions too.

We are committed to becoming a leader in secure, low-emission hosting and our goal to be carbon neutral by 2030 is evidenced by this acquisition.  CWCS data centres are already powered using renewable energy and our new site will be no exception.”

For more information visit our blog which will follow the progress of the build and fit out www.cwcs.co.uk.

ENDS

Mark Tomlinson

04 March 2024

FHP acting on behalf of Bridgford Business Centre have completed the sale of 29 Bridgford Road, West Bridgford which sits next door to Escabeche, just off Central Avenue.

The 2 storey building, which totals 5,525 sq ft gross (4,028 sq ft net) and benefits from on 8 site parking spaces, was sold Freehold.

David Hargreaves who acted for the Vendor, Kevin Mansworth, said:

“When I reported to Kevin I suggested that the property would be of interest to not only Office occupiers but Developers looking at extending and converting the building to Apartments or 1 or 2 additional Bar and Restaurant units bearing in mind the strength of that sector.

We therefore targeted the Office, Residential, Leisure and Developer sectors with our marketing and interest was immediate with 12 viewings in the first week alone.

As such we were able to seek “Best Bids” only 4 weeks after the launch, securing 5 final offers all in excess of the guide price of £975,000.”

Hargreaves said:

“We quoted a relatively low asking price to generate interest as the market back in October last year was still rather uncertain due to the significant increases in Base Rate and the general lack of confidence in the economy.

The strategy worked and we achieved a price in excess of £1,100,000 for the building which breaks back to £280/sq ft net which we are delighted with.

Kevin Mansworth said:

“The strategy and advice from David Hargreaves was absolutely spot on.  He also introduced me to Lisa Poole of Gunner Cooke who was excellent on the legals, with Landsmiths on the other side we managed to get the sale completed within 10 weeks of starting marketing which included the Xmas and New Year break. I am really thrilled with the speed of the sale and price they achieved for me.”

Vik Moothia of Landsmiths acted for the buyer, David Hargreaves of FHP and Lisa Poole of Gunner Cooke for the seller.

ENDS

David Hargreaves

5^th February 2024

“It has been a delight to work alongside Amy Howard of FHP, & Will Torr of heb Surveyors on the acquisition of The Exchange Building, a great effort by all in seeing this over the line. This iconic building on one of the main routes into Nottingham is a great asset to add to our fast growing portfolio in our hometown.”

Anthony Barrowcliffe of FHP has completed on the office letting for the entire second floor of the i2 Centre, Oakham Business Park, Mansfield which comprised five suites and totalled 10,243ft² (951m²).

This was not a straightforward transaction with tenants vacating, dilapidations, landlord works and a phased move in by the new tenant.

The property comprises high quality refurbished Grade A office suites which are located in close proximity to Mansfield town centre and the A38.  Each office suite has been refurbished to a high standard and there are excellent levels of on-site car parking with a fully manned reception/concierge, heating and air condition throughout alongside passenger lifts in this modern multi occupied building.   The building has several floors with a range of open plan office suites which benefit from excellent specifications to include LED lighting, raised access floors, thermostat controlled air conditioning, high speed internet and high specification WC and welfare facilities.

Anthony Barrowcliffe of FHP commented:

“I am particularly pleased with this letting as we have managed to complete the occupation of a full floor across five suites at the i2 Centre to a large local occupier.  This was a fantastic deal to complete and entailed lots of moving parts, but I am delighted we could put all the jigsaw pieces together in the end.

This is deal I am very proud of, achieving good terms which both parties were happy with.  From my research and understanding of the market, I believe this to be the largest office transaction in the Mansfield area in 2023. 

I look forward to more success at the i2 Centre which I think is an absolutely beautiful building with so much to offer for the Mansfield area with great transport links, great connectivity to the Motorway alongside great parking ratios and a high quality internal specification.  This is a high quality product with a fantastic line up of tenants, a sense of community and a feel of professionalism.   

I have the two final suites available currently at the i2 Centre available on flexible terms and suitable for a variety of uses.  The ground floor suite extends to 170m² (1,832ft²) and the first floor suite extends to 200m² (2,159ft²).” 

Martin Betts, of M7 Real Estate, the landlords commented:

“We are delighted, in conjunction with FHP, to have achieved this significant letting at the I2 Centre. It demonstrates that there is clearly ongoing demand for well-located and well specified offices.” 

 For further information on this letting or the available suites please contact Anthony Barrowcliffe of FHP on 07557 972008 or anthony@fhp.co.uk.

FHP were pleased to handover the keys to SHAPE (Safe Haven Alternative Provision of Excellence) for the premises known as The Exchange Building, Alfreton Road, last week as they start their new project for bringing further teaching support for children within Nottingham. The former CityCare building on Alfreton Road presented a rare opportunity to acquire a prominent office / warehouse property within close proximity to Nottingham City Centre, consisting of a modern detached two storey office building providing a mixture of open plan and cellular office space with an additional clear span warehouse to the rear. The Exchange Building providing excellent accessibility fronting onto the A610 with further access to J26 of the M1 Motorway and good transport links nearby.

The property, as expected, generated a high level of enquiries throughout the marketing, resulting in numerous viewings and offers, which lead to best and final bids in order to secure the best possible price for our client. It certainly exceeded our expectations with the achieved sale price and was an excellent result for our client who was thrilled with the result.

Amy Howard, Surveyor at FHP Property Consultants commented:

“The Exchange Building was always going to be in popular demand, given the lack of freehold stock within easy access to the City Centre and the hybrid approach the property offered, making it suitable for a variety of uses. The sale reflected a great price and I am delighted to see SHAPE handed the keys to endure their new project. It is a great concept for the property and the area, providing additional support for students and I wish them all the best.”

Shamraiz Younas, CEO at SHAPE commented:

“It has been a delight to work alongside Amy Howard of FHP, & Will Torr of heb Surveyors on the acquisition of The Exchange Building, a great effort by all in seeing this over the line. This iconic building on one of the main routes into Nottingham is a great asset to add to our fast growing portfolio in our hometown.”

Will Torr, Partner at Heb Surveyors added:

“The search to find an alternative education facility for our client was a difficult brief to meet but the availability of The Exchange Building meant we could fulfil the requirement perfectly. The prominent building is ideally located and the internal configuration enables all of the education provisions to be provided under one roof. Thanks to Amy at FHP who ensured a smooth transaction and we hope Shamraiz and the team have a successful launch.”

If you are looking to dispose of your property on a freehold or leasehold basis and would like further information, please contact me on 07887 787894, alternatively you can email me at amy.howard@fhp.co.uk

On behalf of private clients, FHP Property Consultants are delighted to bring to the market this modern office situated in Lockington Hall Business Centre, Lockington, DE74 2RH.

The premises occupies a convenient position, within 1 mile of Junction 24 of the M1 motorway and a short distance from the A50. The accommodation provides a mixture of open plan offices with cellular offices and additional meeting rooms. The property extends to approximately 200m² (2,152ft²) and benefits from LED lighting, gas central heading and 20 designated car parking spaces.

FHP Property Consultants are marketing the property to rent at a price of £29,700 per annum.

Corbin Archer of FHP Property Consultants comments:

“I am pleased to bring this property to the market as it offers good quality offices for a reasonable price breaking down to £13 per sq. ft. The location is great, situated so close to the M1 and the A50 allowing for an occupier easy access to Nottingham, Derby and Leicester.  I look forward to speaking with all interested parties.”

For further information or to arrange a viewing please contact either Corbin Archer on 07929 716 330 / corbin.archer@fhp.co.uk or Darran Severn on 07917 460 031 / darran@fhp.co.uk

ENDS

Corbin Archer

January 2024

FHP Property Consultants are delighted to have completed the letting of Unit 2, Holmewood Business Park, Holmewood, Chesterfield, S42 5US.

The property is situated in Holmewood to the south of Chesterfield and benefits from quick access to the A617 and M1 motorway which is within 2 miles of the office.

Unit 2, Holmewood Business Park is self-contained and comprises of 3,951ft² of high quality office accommodation.  The property recently underwent an extensive refurbishment and provides a mix of open plan offices, meeting rooms, two kitchens and break out space.  The impressive specification includes LED lighting, air conditioning, lift, intercom entry system and meeting pods.  In addition the offices offer excellent parking with 16 designated spaces.

The property has been let on new lease terms for a period of 5 years.

Darran Severn of FHP Property Consultants comments:

“We were initially instructed to sell the long leasehold interest in this property, which was somewhat restricted due to short unexpired term of approximately 80 years.  Whilst we were in discussions with the freeholder to extend the lease, we were approached by a business interested in taking a lease of 5 years.  Following some restructuring it was decided that this was actually a more preferable solution and allowed our client to hold on to the property as an investment”.

For further information on this letting please contact Darran Severn on 07917 460 031 or darran@fhp.co.uk.

ENDS

Darran Severn

January 2024

On behalf of private clients, FHP Property Consultants are pleased to announce the sale of Unit N, Ivanhoe Business Park, Ashby-de-la-Zouch, LE65 2UY.

The office building sits in a superb location on the Ivanhoe Business Park, an established commercial development just 2.5 miles from Junction 13 of the A43. The building comprises a two storey detached building with a further mezzanine and generous parking.  In total the accommodation extends to approximately 5,326 sq ft.

Darran Severn of FHP Property Consultants comments:

“This is a high quality building in an excellent location.  We were initially instructed to place this property on the market and invite leasehold interest only.  Whilst there was interest on a leasehold basis we were finally approached by a business who were looking to purchase the property.  Whilst this was not our clients initial intentions, we were able to agree a strong sale price which our client was happy to proceed with.  This turned out to be an excellent result for both our client and the purchaser”

There is currently good demand for freehold office buildings across the region on both office parks and within town/city centres.  As a result capital values remain strong and more importantly transactions are completing”.

For further information on this sale, please contact Darran Severn on 07917 460 031 or darran@fhp.co.uk.

ENDS

Darran Severn

January 2024

On behalf of private clients, FHP Property Consultants are pleased to confirm the letting of 4 Riverside Court, Pride Park, Derby to L.E.A.D. IT Services Ltd.

The property occupies an excellent position on Pride Park off Riverside Way and comprises a two storey detached office building with parking.  The accommodation provides a mix of cellular and open plan offices set across two floors comprising 391m² (4,187ft²).

The property has been let to L.E.A.D. IT Services Ltd on a new lease following a simultaneous lease surrender.

Darran Severn from FHP Property Consultants comments:

“We were initially instructed by the existing tenant to dispose of their unexpired lease.  They had several years remaining and were looking to limit their liability onwardly.  Following a comprehensive marketing campaign, we were pleasingly able to place property with L.E.A.D. IT Services who have taken a new lease releasing our client from their ongoing liability.  This was an excellent result for our client, L.E.A.D. IT Services and the landlord who benefitted by us securing a new long lease.

Sarah Thompson from L.E.A.D. IT Services comments:

“At L.E.A.D. IT Services, we’ve long awaited this move, and it’s been an incredibly fulfilling journey for our entire team. Our new building represents a milestone, offering us the ideal space in a fantastic location to support our expanding team and client base. In addition, the training room we now have creates avenues for us to engage in hands-on training and development for the schools and businesses we support, which has always been important to us. The next step involves working together on refurbishments, making it our very own, and paving the way for the exciting projects and opportunities that lie ahead in our future.”

There continues to be a general lack of office availability on Pride Park, particularly above 3,000ft², and we are still  speaking with a number of businesses looking for space on Pride Park.  If you are considering bringing your property to market please give us a call as we may already be speaking to the ideal tenant or buyer.

For further information on this letting, please contact Darran Severn on 07917 460 031 or darran@fhp.co.uk.

ENDS

Darran Severn

January 2024

It is evident that the occupier’s preference is high quality modern office spaces.  Due to the rise in hybrid working, occupiers are more likely to downsize their operations, but the increased popularity of Grade A office space is anticipated to continue as businesses seek to improve their work environment to attract top talent. Taking into consideration the new sustainability regulations that are coming into effect across Europe, occupier’s attention to quality, environmental standards, wellbeing, and energy performance certificate ratings has increased as they are looking to make conscious decisions and be prepared for the future.

The economic uncertainty is affecting occupiers’ decision making as we are witnessing higher demand for flexibility and a slight reluctance to commit to longer lease terms.  Due to that, there has also been a shift towards serviced offices with all-inclusive rents.  However, we are still witnessing success in the office market as occupiers continue to take on new space.  FHP has so far had multiple small office market completions in the last quarter of 2023 in both the city centre and surrounding areas.  We have successfully completed the sale of 23 Rectory Road, the letting of 2-4 Lister Gate and the letting of Unit 4 Castlebridge to April King Legal which brought the Castlebridge Office Village to full occupancy.  We are also expecting further completions before the end of the year.

The office market has been facing some challenging times in reference to the level of enquiries, but activity has been picking up in the last few weeks with the October enquiries demonstrating a 15% increase compared to the previous month.  The level of viewings also confirms the increase in activity as the number of viewings conducted in October has nearly doubled compared to the previous months.

For more information or to see how FHP can help you, please contact Ketlin Maeorg on 07929 673 232 / ketlin@fhp.co.uk.

FHP are pleased to announce the purchase of 23 Rectory Road by an Accountants firm, in West Bridgford. The property consisted of a semi-detached office building situated across three floors of cellular office accommodation with ample car parking to the rear. Benefiting from being situated within walking distance of West Bridgford Town Centre that provides a plethora of amenities, it was certainly going to be a popular sale.

23 Rectory Road was originally on the market on a leasehold basis in which it managed to achieve a rental of £20.00psf, the decision was then made to explore freehold options that proved to be popular. The level of interested on this property was stronger than anticipated and we received a strong level of offers. The property was well suited to a variety of uses, owner occupier, local investor or for residential redevelopment which was evident within the level of enquiries. We secured an excellent sale price for the subject property and managed to complete the sale within a reasonable time, allowing the purchasers to gain occupation and start their move across the road.

Amy Howard, Surveyor at FHP Property Consultants commented:

“This property is something I have been working on for some months now, given the initial leasehold route and then exploring the freehold option so I am delighted that we have now managed to complete on this sale.

Freehold stock in West Bridgford is a rarity so we always knew it was going to be popular, but it certainly generated a high level of enquiries which was positive to see and proves the freehold office market demand is still strong in the suburb areas of Nottingham.

The sale price achieved was a great result in the end for my client and it has been a pleasure to work alongside them, as well as help Bexon in their process of gaining a new office space.

West Bridgford continues to be a prestigious office location and the nearby town centre amenities continue to grow, with 200 Degrees Coffee and Sexy Mama being the newest member it certainly is a great location for office occupiers who wish to be outside the City Centre but still feel connected.’’

The retained client, commented:

“I was very pleased with the level of service shown by FHP Property Consultants, especially Amy who we worked closely with throughout. We regarded the price obtained as excellent in today’s market and fully approved of the professional way that matters were handled by FHP and brought to a swift and satisfactory conclusion”.

For further information, please feel free to contact myself on 07887 787894, alternatively you can email me at amy.howard@fhp.co.uk.

ENDS

Amy Howard

1^st December 2023

In less than a year since its completion, One Waterside Place has achieved full occupancy across all six floors of office space.

Owned by Chesterfield Borough Council, this flagship office development has seen the addition of Rosewood Wealth Management and another international company, both expanding their presence in Chesterfield.

These new occupants join BHP Chartered Accounts and Varley.

Rosewood Wealth Management is known for its professional financial services, offering a range of solutions, including financial reviews, mortgages, pensions, and investments.

The 35,000 sq ft office building in Chesterfield, offers spaces with amenities like lifts, air conditioning, and on-site cycle parking.

The development of One Waterside Place was led by local property development and investment firm Bolsterstone Group.

One Waterside Place sits within the £75m first phase of the Basin Square neighbourhood which includes a mixed-use development as part of the £340m Chesterfield Waterside regeneration scheme.

The canal basin’s development was supported by the South Yorkshire Combined Authority Infrastructure Fund.

Shannan Pool-Gorman, director and co-founder of Rosewood Wealth Management, said:

“Rosewood is proud to be part of the development at Basin Square. We are passionate about supporting the local area and look forward to playing our part in the next development phase for our beautiful town.”

Peter Swallow, managing director of Bolsterstone Group, said:

“One Waterside Place is a runaway success story having taken less than 12 months to fully let. When planning the commercial element of Chesterfield Waterside at Basin Square, we knew that the proximity of the train station would be a major pull for businesses. It has certainly been the case. We are now looking to deliver the next stages of Basin Square and anticipate similar success.”

Darran Severn of FHP Property Consultants comments:-

“We are extremely pleased to have been involved in the letting of these brand new Grade A offices in Chesterfield.  The building provides some of the best office space in the region with open plan floor plates, floor to ceiling windows and magnificent views across Chesterfield.  As a result we have been able to secure some excellent tenants for the building whilst setting a new high rent in Chesterfield.”

Knight Frank acted as joint agents alongside FHP Property Consultants.

For further information on this letting please contact Darran Severn on 07917 460 031 or darran@fhp.co.uk.

ENDS

November 2023

Pentagon House has been at the epicentre for office lettings in Derby over the past 12 months.  Earlier in the year we announced some 21,500ft² had been let in three separate deals.  We are now pleased to report that a further 8,592ft² has completed bringing two new tenants into the building which now achieves full occupancy.

Pentagon House is a high profile modern office building located in central Derby.  The offices are situated in a highly prominent position just off the A52 at Pentagon Island, fronting both Sir Frank Whittle Road and Stores Road.  The A52 and A61 provide excellent access around the city, the M1 and Junction 25 and the A38.

The building itself comprises an impressive four storey property extending to approximately 30,000ft² and provides newly refurbished accommodation with a modern reception and excellent parking.

Darran Severn of FHP Property Consultants comments: –

“Its great that we have achieved full occupancy at Pentagon House and even better, within a 12 month period.  The building offers high quality air conditioned accommodation with an excellent parking ratio of one space per 250ft^2.  The ground floor suite has been let for a term of 5 years whilst the suite on the second floor has been let on a short term basis to a company who are currently refurbishing their existing offices.  They will vacate in Q2 2024 and we are already in strong conversations with another Derby business to take this space. 

There has been good office activity throughout 2023 with the key drive being that tenants are looking for higher quality space with parking and close to amenities”.

For further information please contact joint agents Darran Severn of FHP Property Consultants on 07917 460 031 / darran@fhp.co.uk or Nick Hosking of Innes England.

ENDS

November 2023

Boundary Real Estate Partners (BREP) has secured a new letting at Granite House, the HQ building at Watermead Business Park, Leicester, marking the largest office letting in the city this year.

The new tenant, who will be relocating within the area, has taken the entire 25,000 sq ft first floor of the newly refurbished HQ building, to support its customer service operation.

Granite House has undergone a substantial transformation following its acquisition by Boundary in December 2021, as part of a wider portfolio in the area.  Over £1million has been invested into the property, delivering a new double height reception with feature staircase, full refurbishment of the welfare facilities and installation of shower facilities, plus other substantial upgrades to improve the EPC rating to B.

Granite House has one of the highest parking provisions provided in the East Midlands.  As part of this provision, Boundary has installed 20 EV charging points, with the infrastructure for 40, far higher than the average across the UK.  The team has also been working closely with Choose How You Move Leicester County Council to provide a grant for E-bikes to serve occupiers at Watermead Business Park.

Totalling 50,000 sq ft over two floors, the ground floor of Granite House is also occupied by Global Payments, housing its UK HQ, employing many people in the area.  The building is set on a large plot in the established business park which is located just off the A46 and A607 in between Thurmaston and Syston.

Rebecca Gregory of Boundary Real Estate Partners comments:

“The team have been working closely with our tenants at Watermead Business Park and wider stakeholders as part of our ongoing repositioning of the park and our plans for the wider area. The high-quality refurbishment of Granite House is part of our strategy to provide ‘best in class’ business space to meet occupier demand in the area, which carry over to our plans for Phase 2 of Watermead Business Park.”

Earlier this year, Boundary submitted plans to develop the land adjacent to Watermead Business Park, across the A406, allocated within the local plan, to provide a high-quality employment park.  The proposals for this former gravel sorting plant will bring the disused land back to life, providing further employment for the region.

Mark Tomlinson, Director at FHP who acted on behalf of landlords, BREP, at Watermead Business Park, comments:

“We have seen a drive towards quality among occupiers with a particular focus on lifestyle and wellbeing alongside the continued focus on energy efficiency, and it is important that the regional office market delivers office buildings to cater for these requirements. 

 “The landlords, BREP, were quick to recognise the repositioning potential of Granite House to meet occupier demand and we are delighted to have delivered this letting to the new occupier who will have a real standout office space here.”

FHP and CBRE are joint letting agents for Granite House.

FHP Property Consultants are delighted to bring this modern office building to the market situated in Holmewood, Chesterfield, S42 5US.  This prime location has the benefit of quick access to the A617 and M1 motorway within 2 miles of the building.

The self-contained office has been recently refurbished thus creating a great environment for a company to move into.  The accommodation compromises 3,951ft² with natural light throughout including open plan offices and meeting rooms.  There are 16 designated car parking spaces.  Kitchens and W/C’s are also within this modern office which has been finished to a very high standard.  The specification includes suspended ceilings with LED lighting, air conditioning, perimeter trunking, security grilles on ground floor windows, lift and intercom entry system.

Harry Gamble, surveyor at FHP Property Consultants commented:

“There are not many freehold offices on the market currently so this would be a great opportunity for a company to move into. With the office being refurbished, it offers everything that a tenant would want along with the 16 car parking spaces.  I welcome any enquiries about the office, and I can see it getting snapped up quickly!”

For any further information or would like to arrange a viewing, then please contact Harry Gamble on 07398 443828 / harry.gamble@fhp.co.uk or Darran Severn on 07917 460031 / darran@fhp.co.uk .

ENDS

September 2023

Having joined FHP Property Consultants approximately two months ago, I can truly say that I have loved every minute.  After leaving Ratcliffe College, I knew I wanted to pursue a career in commercial property, and I am now starting my degree apprenticeship course in Real Estate at Nottingham Trent University.  This gives me the opportunity to learn and study whilst gaining valuable hands-on experience in the workplace.  I will be working 4 days per week at FHP with 1 day spent at university.

At first, I didn’t know what to expect, but the support and kindness of everyone here has helped me settle in very easily.  Within my first two months, I have been working alongside Darran Severn and Corbin Archer based in our Derby office learning the ins and outs of the commercial property world. I will be working with the Office and industrial team but also assist the Retail team to greater my knowledge.  I will be able to take the skills and information learned from FHP Property Consultants into lectures and vice versa.

No two days are the same. I can be out taking photos, carrying out viewings, inspecting properties, ordering marketing boards or writing press releases.  I’ve already learnt how to measure units on both a GIA and NIA basis which is essential in this job.

The first property I visited was 4 Riverside Court, on Pride Park, where I met potential tenants who had an interest in renting the property. I thoroughly enjoy ringing potential occupiers as I can discuss their needs, offer suggestions on potential units we have to let and meeting them there for a viewing.  So far, I have pleasingly managed to agree a set of heads of terms and place two industrial/warehouse units at Amber Business Centre under offer.

If you require any assistance on either finding your ideal property or you are a landlord thinking of letting or selling your property, please contact Harry Gamble on 07398 443828 / harry.gamble@fhp.co.uk

ENDS

September 2023

What CEG have completed a letting of 20,000 sq ft in Nottingham

Why Tenant demand for bespoke fitted workspace increasing

What the occupier has inked a 10 year lease

CEG have secured a substantial office letting in Nottingham totalling 20,000 sq ft.  Equifax has taken a 20,000 sq ft bespoke workspace at East West on Maid Marian Way.

The company has agreed a 10 year lease for the space which will include more than 220 workstations including a mix of traditional desks, hot desks and sit-stand desks along with breakout spaces and meeting areas.  The 175,000 sq ft East West building has recently been upgraded with the adjacent Toll House pub now integrated into the development to provide a café and business lounge.  Further upgrades are planned for later in the year including improvements to glazing, lighting and heating as well as amenities including cycle storage and showers.

CEG have also secured Systra as a tenant for its 28 storey Alpha Tower.  Tom Gaynor, head of investment at CEG, said the company expected an increase in demand for its custom fitted service offering as more tenants explore leaner office footprints:

“By the end of the year, I think we will be delivering more than a hundred ‘let ready’ custom design and fit out deals a year, creating bespoke workspace for thousands of people.

 “Our in-house team of building and project managers know our buildings better than anyone. This enabling them to design the most efficient space, working in harmony with existing pipework, air/cooling system and fire constraints, often using the same contractor which delivered the Cat A, resulting in time and cost savings, as well as providing the most sustainable options.”

Mark Tomlinson, Director at property agent FHP, added:

“We’ve seen huge progress in the fully fitted office market, with new landlords moving into this space and widening the offer.

“Many businesses, particularly those finding it hard to predict growth or keen to offer flexible working practices, are looking for bespoke, high quality space which will help them attract and retain talent, rather than a traditional serviced office. They also don’t want a big capex outlay or the headache that comes with project managing the fit out.

“While it’s often the norm in the US for a landlord to step in and deliver fully fitted, custom designed and fitted space for a tenant, here we’ve sought a more traditional lease structure for deals. This is starting to change, in some cases this is driven by a US owned business expecting this model in the UK, but post covid, its risen as we’ve seen the office become a tool for recruitment.”

For further information on the current availability within East West please contact Mark Tomlinson on 07917 576 254 or  mark@fhp.co.uk.

In July 2023 I joined FHP’s Derby Office where I work on industrial, office and retail instructions across the region. I am currently in my second year of a Degree Apprenticeship in Real Estate at Nottingham Trent University, intending to graduate and qualify as a Chartered Surveyor. FHP will provide me with hands-on experience that will benefit my learning and development in my career in property.

Pentagon House is a high profile modern office building located in central Derby.  The offices are situated in a highly prominent position just off the A52 at Pentagon Island, fronting both Sir Frank Whittle Road and Stores Road.  The A52 and A61 provide excellent access around the city, the M1 and Junction 25 and the A38.

The building itself comprises an impressive four storey property extending to approximately 30,000ft² and provides newly refurbished office accommodation with a modern reception and excellent parking.

During the past twelve months, there has been excellent take up within the building, with some 21,500ft² being let.   This comprises three key deals, the most recent completing in July, where 12,674ft² has been let.  Not only is this one the largest lettings in Derby this year, but we have also seen a rental uplift of 10% to a headline figure £15.50 per ft²_.

Mark Roberts of Loxton Developments who own the building comments:

“Some 24 months ago we were hit by a number of lease expiries which coincided with the pandemic resulting in large voids at Pentagon House.  It was time to invest in the building and we have not only refurbished all the vacant suites to a high level but we have also invested in the building installing new atrium glazing and EV charging points for our tenants.  I am pleased to welcome our new tenants to the building and I wish them every success.”

Darran Severn of FHP Property Consultants comments:

“There has been good office demand in Derby throughout the first half of 2023 which is evident by the success at Pentagon House. The majority of space within in the city is being let to existing Derby businesses who are either downsizing, upsizing or generally looking to improve the quality of their space.” 

Nick Hosking of Innes England comments:

“Pentagon House has held a long standing reputation of offering the best quality multi-let office accommodation within Derby and it’s been pleasing to see that the recent capital investment into the building has re-enforced this position.  The recent  lettings have highlighted the continued demand for premium quality office space and we expect to see continued healthy demand for the remaining suites going forward.”

If you are currently seeking office space in Derby, there are a couple of suites remaining at Pentagon House ranging in size from 3,747ft² to 8,592ft².

For further information, please contact joint agents Darran Severn of FHP Property Consultants on 07917 460 031 / darran@fhp.co.uk or Nick Hosking of Innes England on 07855 423458 / nhosking@innes-england.com.

ENDS

July 2023

FHP are pleased to bring to market two new office suites on the popular Office Village, after achieving another successful letting at Units 5/6 Castlebridge to Frontline Recruitment with a speedy completion. Castlebridge Office Villages is set within Castle Marina which offers excellent complementary retail and leisure facilities, as well as providing good connectivity to tram and bus services. The Village is occupied by a variety of high quality tenants ABG Law, Cerca Magnetics, Avery Dennison and Transform Trust to name a few.

The property’s benefit from high quality self-contained open plan office accommodation situated across two levels, with an excellent level of onsite parking for both suites. With well presented comfort cooling and LED lighting throughout, also benefitting from additional amenities including showers and bike storages.

Amy Howard, Surveyor at FHP Property Consultants commented:

“I am excited to bring to more office suites to market on this popular office village, Castlebridge is an excellent office scheme and we have witnessed a number of successful lettings over the years which will hopefully with these two suites. The high quality finishes throughout and attractive ESG credentials will certainly entice occupiers, not to mention the benefit of designated car parking within such close situ to Nottingham City Centre. I am hopeful that we will be able to secure further high quality tenants to add to the diverse and popular scheme.’’

For further information, please feel free to contact myself on 07887 787894, alternatively you can email me at amy.howard@fhp.co.uk.

ENDS

Amy Howard

20^th July 2023

FHP are delighted to bring to market a new office suite situated at The Clock Tower, Talbot Street with close proximity to Nottingham City Centre populated by professional occupiers, medical consultants, solicitors and property professionals. The suite benefits from a plethora or nearby amenities including shops, cafes, bars and restaurants amongst others. Additionally, there are excellent nearby transport links including NET, bus routes and accessibility to Nottingham’s Train Station on-foot, and lies directly opposite to Crown Plaza Car Park.

The suite sits on the third floor of The Clock Tower and is accessed by lift, it has recently undergone an extensive refurbishment offering newly installed air conditioning throughout, LED lighting and grey carpet tiles, with a newly refurbished entrance area providing a highly professional standard throughout. It comprises 2,773ft² of office plan office accommodation with surrounding views and natural light throughout.

Amy Howard, Surveyor at FHP Property Consultants commented:

“This property has undergone an extensive level of refurbishment to meet occupier requirements and improve ESG credentials. We are witnessing a shift in preference within the office market, whereby occupiers are now seeking higher quality stock over quantity and this property provides just that. The suite benefits from nearby parking, as well as a plethora of amenities that Nottingham City Centre has to offer all within minutes’ walk.’’

I look forward to securing a tenant for my client on this suite and liaising with all occupiers currently in the market seeking office premises.

For further information, please feel free to contact myself on 07887 787894, alternatively you can email me at amy.howard@fhp.co.uk.

ENDS

Amy Howard

19^th July 2023

Wesley House comprises a four storey office building situated on St Michaels Lane, Derby and has recently been let by FHP Property Consultants.

The property provides a mix of open plan and cellular accommodation on all floors and benefits from undergoing  a recent refurbishment.  The property is situated a short walk from the city centre providing local amenities and also benefits from on site car parking for at least 7 vehicles.

The offices have been let on new lease terms to Imbue Ventures Limited.

Darran Severn of FHP Property Consultants comments:

“I am pleased this letting has completed and I wish the new tenant every success.  There is a real shortage of good quality office accommodation not only in Derby city centre, but also on Pride Park.  As a result we are speaking with a number of occupiers who are looking for presentable space similar to Wesley House.

With low supply, rents remain consistent with newly refurbished space available at a premium.” 

Simon Leonard from Imbue Ventures comments:-

“We are delighted to have completed which paves the way for our new home in the heart of the city centre.”

For further information on this letting please contact Darran Severn on 07917 460 031 or darran@fhp.co.uk.

ENDS

July 2023

Leading consultancy firm Bentley Project Management will soon take up a new home at Ruddington Fields Business Park following the completion of works to revamp the space during the summer.

The firm, which is currently based in Lockington in Derbyshire, has taken some 5,278 sq ft of office space at Discovery House with plans to relocate during the summer months following a transformation being led by Arc Business Interiors.

Managing director Jonathon Bentley, said:

“2023 is an important year for us – we celebrate our 10 year anniversary in a few weeks time, and we have been taking the time to consider our strategy for growth as we move into our second decade with exciting plans to take the business forwards. 

Our new office location plays a key role in those plans and we are really looking forward to making the move once the transformation is complete later this year.  We’re working with the team at Arc Interiors at the moment to breathe new life into the space and create a workspace that reflects our ethos which is something we are really excited about.”

Work to revamp the space at Discovery House has now begun and will include a range of sustainable design elements including the use of recycled carpets throughout – with the existing flooring being recycled – and elements of biophilic design throughout.  The open floor plan will provide collaborative workspaces and meeting areas, social spaces as well as quiet ‘pods’ for meetings.

Andrew Hobson at Arc Business Interiors said:

“We are really pleased to be working alongside Bentley to deliver their vision for a modern and creative office space that really supports its ambitious plans over the coming months and years.  This is a real team effort and we are looking forward to seeing the concepts coming to life.”

Thomas Szymkiw of FHP oversaw the deal on the behalf of the landlord, Capita. He added:

“I am delighted to have assisted Bentley Project Management with their relocation and expansion at Discovery House.  The building will provide them with a stunning office in beautiful surroundings – close to Rushcliffe Country Park and all the fantastic amenities the town of Ruddington has to offer.

It was a pleasure to work with both landlord and tenant on the transaction and I wish the team at Bentley all the best of luck for the future.”