A new Foxhall Business Centre is set to open at 2 King Street in Nottingham on 1 September 2008.

Marketing agents Fisher Hargreaves Proctor agreed a deal with Foxhall Business Centre in March 2008 to purchase the property from clients and they are now coming to the end of their extensive refurbishment of the building and are ready to welcome its first occupiers.

Foxhall Business Centre have instructed Fisher Hargreaves Proctor on a sole agency basis to market the accommodation within the building.  The first tenants have already signed up and are awaiting the refurbishment works to be completed before they move in at which point Fisher Hargreaves Proctor and Foxhall Business Centre will be able to offer a range of serviced office accommodation from 100ft² up to 8,000ft².

James Hartley from Fisher Hargreaves Proctor commented, “The offices have been transformed since we completed the deal with Foxhall Business Centre back in March.  They have undergone a fantastic transformation and are almost unrecognisable from when I was last in there.  The space that will be offered on flexible terms is truly able to rival any office refurbishment scheme within Nottingham City Centre.  This is a fantastic destination for any serviced office user and we expect to get a lot of interest in the offices”.

Tom Wilton from Foxhall Business Centre further added, “We have worked really hard to create a product that we are truly happy with.  We have undergone extensive refurbishment within the building since we took it over in March and cannot wait to open our doors in September.  We already have a number of users signed up to the scheme and I am sure that more will follow.  At King Street we are able to offer serviced office accommodation on a very flexible basis and are able to accommodate the needs of a wide range of business operations.  We have space available from as little as 100ft² up to approximately 8,000ft²”.

The King Street offices offer unrivalled views across the newly architecturally designed Market Square and are able to offer pedestrian lifts to all floors, reception area and high speed internet links to their clients and all on a serviced operation basis which means that tenants are able to operate hassle free at limited risk and under very flexible terms.

For further information please contact James Hartely of Fisher Hargreaves Proctor on 0115 9507577.

Property agents Fisher Hargreaves Proctor are delighted to announce that they have successful completed the letting of a 1,086ft² office suite on High Cross Street in Hockley Village, Nottingham City Centre for £10,000 per annum exclusive.  The new tenant will be the National Ice Skating Association of the UK. 

James Hartley, Surveyor at Fisher Hargreaves Proctor, commented, “I am absolutely delighted to have completed this lease to the National Ice Skating Association.  We were under some pressure to be able to get them into the new premises on time in order to fit in with the timescales given to them for leaving their current premises.  The High Cross Street premises were attractive to them given its close proximity to the Nottingham Ice Arena as well as its secure underground parking.

This now means that the entire building has been successfully let following our previous letting to NCP Services.  It has been great for Fisher Hargreaves Proctor given that we are marketing and managing the building.  To have filled this office space so soon after putting the property on the market shows that office space in the City is in strong demand.”

John Grain, the landlord was delighted to complete this deal so soon after completing the previous letting to NCP services and commented, “This has been great as we now have a fully let building with G D Models operating out of the ground floor retail space and NCP Services and the National Ice Skating Association sharing the office space over the two floors above.  We recently had another lease on the entire office space fall through due to planning and I was worried that given all the bad press over the credit crunch that the building might remain empty for some time.  However, here I am in July with a fully let building and I am so pleased to have tenants of such a high calibre throughout the building.”

For further information please contact James Hartley of Fisher Hargreaves Proctor on 0115 9507577.

A PRESTIGIOUS new £2.2m office complex in Mansfield town centre was officially opened on 30 July 2008.

Mansfield mayor Tony Egginton is set to open the Arrival Square development next to the town’s railway station, which has been completed by construction company Clegg Developments.  

Mr Egginton told Chad: "Arrival Square brings modern, high quality employment accommodation into an important area of Mansfield and will provide an impressive base for businesses and a landmark building, as well as providing good employment opportunities for local people and boosting other businesses in the town centre.

"The opening of Arrival Square is also a significant first step towards our vision for the regeneration of the Stockwell Gate gateway into Mansfield, which also includes new residential and retail development and the new bus station.”

The 11,000 sq ft development has a number of environmentally-friendly features and can be split into four separate office suites, which are now being marketed by commercial property agents FHP.

Funding for the project came from the Alliance Sub-Regional Strategic Partnership and the European Regional Development Fund.

Fisher Hargreaves Proctor acting as joint agents with HEB have secured Badenoch & Clark as the latest tenants at The Atrium on Wollaton Street in Nottingham.  Badenoch & Clark have taken a 10 year lease on the 3,274ft² Level 1, Atrium office suite.

James Hartley, Surveyor at Fisher Hargreaves Proctor commented that, “This deal has been extremely pleasing.  Securing a tenant of the calibre of Badenoch & Clark is highly satisfying and great news for our client and upholds the stature of the tenant that The Atrium has been able to attract.

Badenoch & Clark spent a long time with us viewing a number of City Centre offices and decided that The Atrium was the only place for them to be due to the high specification and unique nature of the landmark professional quarter building.”

James further added, “This letting comes on the back of a number of recent lettings throughout Nottingham and along with the current deals that we have ‘under offer’, just goes to prove that everything is not as dampened by the ‘credit crunch’ as the national press might have us believe.”

Alan Chick of Cubic Property Holdings, the landlord, commented. “This has been an excellent letting for The Atrium and just goes to show what calibre of tenant you can attract in such a unique professional quarter building.  Securing Badenoch & Clark to the office scheme adds to an already impressive tenants list within the building and I believe The Atrium truly is an address to be proud of.  Following the letting of this suite we now have three suites available, one of which is ‘under offer’, ranging from 1,950ft² to 6,500ft².”

Ian Machell of Badenoch & Clark, further added, “This letting has been fantastic for us and we can’t wait to get going in our new premise.  This location and specification is absolutely ideal for our expansion plans.  We put a lot of time an effort in with Fisher Hargreaves Proctor looking at a number of different alternatives throughout Nottingham City Centre but found that The Atrium offered so much that we had to go for it.  The standard of office space is superb and The Atrium itself offers a truly unique environment in which to work.  It really did stand out from the crowd.  These are exciting times for Badenoch & Clark particularly in Nottingham.”

This letting does leave three further offices available within The Atrium ranging from 1,950ft² to approximately 6,500ft² and should anybody require any further information on the offices, do not hesitate to contact James Hartley at Fisher Hargreaves Proctor on 0115 8411148.

Due to the relocation of Michon Design to newly restored premises in Radcliffe on Trent, Alastair Fearn of FHP was instructed to sell the premises now known as The Old Bakery, 2a Fleeman Grove, West Bridgford.

The Old Bakery extends to around 115m² (1,260ft²) and is located in the Lady Bay area of Trent Bridge.  The property had been extensively and tastefully refurbished by Michon Design to create a highly specified and attractive open plan working space.  As soon as the premises were brought to the market a local firm, Williams Architects expressed an immediate interest in the property.

The key to the transaction was not only achieving a fair purchase price for the property but exchanging contracts prior to the 31^st April deadline with relation to the changes in capital gains tax.

Clive Williams of Williams Architects commented:-

“We have been looking for a permanent home for some time and we are delighted to have secured The Old Bakery.  Opportunities such as this do not come up that often within West Bridgford and it suits us perfectly”.

Alastair Fearn of FHP commented:-

“To be able to exchange contracts prior to the end of April was key in this transaction so the flexibility of Williams Architects to delay completion was hugely important. 

This sale also illustrates that there is still demand for small freehold office premises in the Nottingham fringes.

For further information on this transaction or other available offices in the West Bridgford area please contact Alastair Fearn on 0115 950 7577.

Fisher Hargreaves Proctor are delighted to announce the availability of flexible office accommodation at the Masons Place Business Park, Nottingham Road, Derby.  The office development is currently undergoing an extensive programme of refurbishment and will provide in total 2,204M² (23,723FT²) of high quality refurbished offices set within a courtyard style environment. 

Approximately one third of the accommodation has already been refurbished and subsequently let with interest being invited from occupiers for the remaining space which is being offered to lease in suites from 103M² (1,108FT²).  Each suite benefits from its own front door along with dedicated car parking within a secure site.  Masons Place Business Park is prominently situated on Nottingham Road affording convenient access to Derby City Centre and the A52 dual carriageway.

Jonathan Sayer of property agents Fisher Hargreaves Proctor commented:-

“Masons Place Business Park offers an outstanding opportunity for occupiers seeking high quality accommodation with excellent car parking facilities”.

For further details on this opportunity or to discuss your requirement in greater detail please contact Jonathan Sayer at Fisher Hargreaves Proctor on 01332 343222 or alternatively our joint agent Ben Wisher at Rigby & Co.

The letting of 5 Phoenix Place, Phoenix Office Park has just been completed to energy provider Eon UK Plc, for a term of 5 years.  The Landlord, Rotherwood Properties was represented by Alastair Fearn of FHP, who was able to agree a deal with James Hall of DTZ, acting on behalf of Eon UK Plc.

A rental of £90,000 per annum is in line with the rental tone at Phoenix Office Park and the break clause agreed after 2 and a half years reflects the need for flexibility from Landlords in today’s market.

Eon are currently fitting out the premises to their exact requirements as the previous Tenants had left the premises in a somewhat dilapidated nature with regard to decorative order. 

Adam Archer from Eon Business Services commented:-

”The location and timing was perfect, Eon had a space requirement and this office being opposite existing premises couldn’t have been more convenient for us. The lease we agreed allows us flexibility in our occupation.  Eon have increased their presence on Phoenix Park, and DTZ are acting for us further in acquiring additional premises in Nottinghamshire.”

Alastair Fearn of FHP added:-

“With empty rates just coming into effect we are pleased to have negotiated this letting on behalf of our Client.  Even though there is a break clause halfway through the agreed term, the deal that has been agreed and the covenant that Eon offer meant that it was too good an opportunity for our Client to turn down”.

This is the third letting that FHP have completed at Phoenix Office Park in the last few months with the previous two being the letting in part of Ground Floor, Oak Tree House to CHUBB Electronics Limited and the Ground Floor of Babbington House to Morgan Ashurst Plc.  FHP are also instructed on the Rent Review of the Digica Office Building at Phoenix Park, on behalf of the Landlord.

For further information regarding any of the above transactions or the last remaining suite available at the Phoenix Centre, First Floor Babbington House please contact Alastair Fearn at FHP on 0115 950 7577.

The sale of 359 Nuthall Road has just completed to Smilestyle Dental Centre.  The property which extends to 1,581ft² has been marketed by Alastair Fearn of Fisher Hargreaves Proctor on behalf of a private vendor.  Following a good level of interest in the property, a sale was concluded by Best Bids at a price of £300,000.

The property sits in a prominent position fronting onto Nuthall Road, Aspley and benefits from 8 car parking spaces.  The property forms part of a Derwent Housing Association Scheme and was in fact Derwent Housing Associations offices at one time.

A change of use planning application was submitted from B1 (offices) to D1 (Dental Surgery) by the purchaser which also included alterations within the property to tailor the premises to Smile Style’s exact requirements.

Dr Mark Wilkins of Smilestyle Dental Centre commented:-

“The property had fantastic prominence to one of the busiest roads in and out of Nottingham which will provide us with a fantastic platform to serve our current Clients and help attract new ones.  This is now our second site in the area enabling us to expand and provide an exceptional service in private cosmetic dentistry”.

Alastair Fearn of FHP added:-

“It is good to see that there is still an appetite for small freeholds and I wish Smilestyle every success in their new premises”.

For further information in the specialist services that Smilestyle Dental Centre offer please visit their website www.smile-style.co.uk .  For further information on this transaction or any other similar properties please contact Alastair Fearn on 0115 950 7577.

The last remaining suite in Oak Tree House, extending to 539ft² has been let to CHUBB Electrical Services Limited at a rental equating to £15.30 per ft².  The deal was negotiated by Alastair Fearn of FHP on behalf of private Landlords and this deal sees CHUBB extend their total space in the building to just under 2,000ft².

This is the last letting to take place in Oak Tree House which has seen FHP already agree terms with:-

• ¨ CHUBB Electrical Security Ltd
• ¨ Wilmot Dixon Construction Ltd
• ¨ Technical Elevator Services Ltd

Alastair Fearn of FHP commented:-

“To let the last remaining suite to CHUBB Electrical Services Ltd is a great result for our Client as by the nature of this Tenant it will improve their investment value and provide a greater guarantee for their income. 

The majority of buildings on Phoenix have been let either as a whole or only in two parts however splitting Oak Tree House has worked well for our Clients and we have still been able to achieve good rentals and attract good Tenants.

Phoenix Office Park is an excellent location by virtue of its proximity to the Nottingham Tram Park & Ride at Phoenix and its excellent access to Junction 26 of the M1 Motorway.  The landscaping around the park also compliments the high build quality making it a pleasant place to work,”

The letting of this suite means that FHP currently have two buildings on the market at Phoenix Office Park, one of which extending to 6,000ft² is currently under offer.

The last remaining office available is the first floor of Babbington House which extends to approximately 2,900ft² and is available at a rental of £45,500 per annum.  Should you require any further information on this transaction or any further available office space at Phoenix Office Park please contact Alastair Fearn on 0115 950 7577.  Knight Frank acted on behalf of CHUBB.

Acting on behalf of Derbyshire County Council, Fisher Hargreaves Proctor are delighted to announce the availability of three hybrid business space units totalling 1,820M² [19,582FT²] at Holmewood Business Park, Chesterfield Road, Holmewood, Chesterfield.

The recently constructed high quality hybrid units extend from 535M²[5,756FT²] to 750M²[8,070FT²]. The units provide to the ground floor good quality flexible laboratory/light assembly accommodation with the potential for conversion to offices. To the first floor there are high quality open plan offices complete with suspended ceiling and perimeter trunking.  Holmewood Business Park is strategically located with convenient access to Junction 29 of the M1 Motorway and in turn easy access to the surrounding areas of Chesterfield, Derby, Nottingham, Mansfield and Sheffield.

Jonathan Sayer of property agents Fisher Hargreaves Proctor commented:-

“Holmewood Business Centre provides high quality business space within excellent access to the M1 Motorway.  The accommodation is highly flexible lending itself to a combination of research and development, light assembly work and office occupation with excellent car parking facilities”

For further details of the opportunities available at Holmewood Business Park or to discuss your requirement in further details please contact Jonathan Sayer at Fisher Hargreaves Proctor on 01332 343222 or our joint agents Knight Frank.

Acting on behalf of private clients Fisher Hargreaves Proctor are pleased to announce the availability of new high quality office accommodation at Brunel Business Park, Pride Park, Derby.  The two storey property is finished to a high standard and is situated on the established Pride Park Business Park, the premier business location within the city of Derby and its high specification includes, open plan configuration, raised access floors, suspended ceiling with integrated lighting, air conditioning and seven on site car parking spaces.

The offices enable occupation from 90M² [968FT²] to 184M² [1,984FT²] and set within an attractive landscaped environment. 

Jonathan Sayer of property agents Fisher Hargreaves Proctor commented

“The office space at Brunel Business Park is of a high quality and has been designed to enable letting on a floor by floor basis opening opportunities to a wider range of occupiers looking to secure a presence on Pride Park”

For further details on this opportunity please contact Jonathan Sayer at Fisher Hargreaves Proctor on 01332 343222.

The surrender of the premises known as 1^st Floor, 11 – 13 Goldsmith Street, Nottingham have just been executed from HR GO (Nottingham) Limited t/a Staffsign to the Landlord/Developer Megaclose Limited.

The Tenants were advised by Alastair Fearn of Fisher Hargreaves Proctor who successfully negotiated a £25,000 premium for the unexpired term of 7 years.

This surrender has worked well for both parties enabling Megaclose Limited to implement their conversion plans to create 17 student flats within the property and it has enabled HR GO (Nottingham) Limited to upgrade their operating premises.

Angela Burton of Staffsign Limited commented:-

“As the move became more imminent the negotiations on the surrender lease were a high priority and to a certain degree an unknown territory. With the expert knowledge that FHP have within the market, Alastair Fearn was able to negotiate a deal that I am delighted with. The re-location to 11 King St has opened the door to our expansion plans and is now proving to be an extremely positive and exciting 2008.”

Alastair Fearn who acted on behalf of the Tenant added:-

“With our knowledge of the market we were able to negotiate a fair deal for Staffsign.  By taking a proactive approach we are able to allow Staffsign to concentrate on their core business of recruitment rather than having to deal with the headache of day to day property affairs.”

For further information on the surrender please contact Alastair Fearn of FHP or should you have any queries regarding the occupation of your own premises please feel free to contact Alastair on the same number.

Market Square House on St James Street just off The Market Square is now at its full capacity following the letting of the fifth floor to Creative Fitness Marketing Ltd.

The 10 year deal with a 5 year break was done at a rent of £38,000 per annum which devalues to £11.46 per ft². 

Billy Wright BSc (Hons) from Fisher Hargreaves Proctor who acted on behalf of the landlord stated

“It is brilliant to see a quality city centre leasehold deal such as this completed at this time when the market is attracting a great deal of unwanted pessimism.  It means that Market Square House is now full to capacity with a further excellent tenant going into the fifth floor.”

Highfields Science Park has witnessed a good level of activity as it has seen the recent completion of two separate deals.  The first being the sale and leaseback of SCC Limited’s Unit 1 to an investor for £249,500 reflecting a net initial yield of 6% when applied to the net rental income of £16,000 per annum. The second being the subletting for three years of Chubb Electronic Limited’s leasehold liability at Unit 4 at an average rental of £15,000 per annum.

Billy Wright BSc (Hons) of Fisher Hargreaves Proctor acting on behalf of SCC and Chubb Electronic stated:

“Over the past few months it has been well documented throughout the media that the credit crunch is affecting all forms of property but in Nottingham the smaller commercial market is still looking attractive to tenants and purchasers and these two deals at Highfields Science Park highlight this fact.  We now only have one unit left at Edison Village in the Highfields Science Park which is 1,200ft² and is being offered on both a long leasehold and leasehold basis.”

For further information please contact Billy Wright at Fisher Hargreaves Proctor on 0115 950 7577.    

Both Shoosmiths Solicitors and Ultralase Limited are now in occupation at McAleer & Rushe’s flagship 74,000ft² office development, Waterfront House, Waterfront Plaza, Nottingham.

The building is now open for trading, with Shoosmiths occupying some 30,000ft² over 4 floors and Ultralase opening their prestigious eye laser clinic on the ground floor of the scheme.

FHP continue to market the site, which provides the only immediately available, Grade A office space within the Nottingham City Centre.

Full information on the offices is available by contacting John Proctor at FHP.