Cardinal Square is a multi tenanted landmark office building within Derby City Centre which provides high-quality office accommodation.  FHP Property Consultants are pleased to confirm details of the most recent letting to Smile Dental Triage.

Smile Dental Triage have signed a new 6 year lease at a rent of £14.00 per ft² on 1,260ft² situated within the Third Floor South at Cardinal Square.

Darran Severn of FHP Property Consultants commented:

“Smile Dental Triage are a great addition to the mix of tenants already at Cardinal Square.  We have had success letting suites between 1,000ft² and 3,000ft² over the last 18 months, so much so that we are now dividing up the Third Floor East to provide three newly refurbished suites ranging in size between 1,111ft² to 3,748ft², the larger benefiting from dual aspect windows.  In addition, the office garden has been redesigned and now provides an excellent outdoor space providing meeting pods, breakout areas and outdoor games such as table tennis and golf.”

For further information on this letting or to come and take a look at the available space at Cardinal Square, please contact Darran Severn of FHP Property Consultants on 07917 460031 or email darran@fhp.co.uk.

ENDS

7 July 2022

After working with our Clients, HPPUT, for the past 12 years refurbishing and letting the former HQ of the Leicester Mercury newspaper and transforming the building into one of Leicester’s best quality office buildings we are delighted to have been instructed jointly with Gerald Eve to market the freehold of the property.

We are seeking offers in excess of £10,500,000 which reflects a net initial yield of 8.75% and a low capital value of £123 per ft².

There is great opportunity to add value through rental growth within the office areas and in due course a potential repositioning of the leisure unit to the rear.

A video tour of the property can be seen at https://www.youtube.com/watch?v=U6vBSlZFSpQ

For more information contact either John Proctor or Mark Tomlinson at FHP on 0115 950 7577.

A software development company has snapped up the final available premises at a now fully let business park in the East Midlands, landlord Hortons’ Estate Ltd announced today.

DIGI-Steel has agreed a new five-year lease on Unit 4, a recently refurbished 5,440 sq ft office building at Interchange 25 Business Park, Bostocks Lane in Nottingham.

The company, which delivers cloud based solutions to the steel processing fabrication sectors, is taking further space on the estate where it has been based since 2019.

It is the third letting to be completed at Interchange 25 Business Park in less than six months and follows recent deals with UK house builder, Keepmoat Homes and global packaging solutions provider, GPA Global.

Hortons’ has also agreed a five-year lease renewal with accountants Coleby Associates LLP on Unit 3, a 4,240 sq ft property near the entrance to the business park.

Jeremy Boothroyd of Hortons’ said all eight buildings at Interchange 25 were now let and hailed the recent spate of deals as a positive sign for the out-of-town office market.  He said:

“We’re very pleased that DIGI-Steel has chosen to expand its business at Interchange 25. The letting demonstrates the company’s commitment to the location and is indicative of the excellent working relationship we have with our tenants.

We undertook a programme of building refurbishments on the estate which has been an important factor in letting the remaining properties in quick succession and in securing good rents. The business park benefits from a superb location and good facilities, with a high quality of established occupiers.”

Mark Tomlinson, Director at property consultants FHP, who marketed the estate, said:

“Occupier sentiment continues to move towards securing the best quality office spaces and those landlords who have invested in their buildings to present good quality specifications, finishes and eco credentials are reaping the rewards. We are seeing continued rental growth in the sector for the prime end of the market and increased deal activity and I am delighted that we have now secured full occupancy at Interchange 25.”

Interchange 25 Business Park is a development of eight self-contained office buildings, located at the intersection between Junction 25 of the M1 and the A52 (Brian Clough Way) which connects Nottingham and Derby.

For further information, please contact Mark Tomlinson on mark@fhp.co.uk or 07917 576 254.

FHP Property Consultants are delighted to have completed on the sale of 10 Royal Scot Road on Pride Park, Derby to a local investor. The property was sold on behalf of private clients who are relocating to a larger premises close by, which shows that there is still a desire for businesses to remain in the Pride Park area.

Dan Mooney of FHP Property Consultants commented:

“To have concluded this sale is fantastic and I wish both the vendor and new owners every success with their respective moves. The need for office premises across Derby is slowly on the rise again, and it is clear to see that Pride Park remains a significant focus in Derby. Unfortunately, at present there aren’t many, if any, freehold options out there to cater to the interest we are currently receiving.”

In regard to alternative options, we do have a few leasehold properties on Pride Park that are immediately available on new lease terms, including 38 Royal Scot Road and First Floor, 12 Pride Point.

For further information or to discuss any property related matter you have, then please contact the FHP Derby office on 01332 343 222.

ENDS

Dan Mooney

June 2022

Pride Park continues to be a popular choice for office occupiers and that is apparent in a recent deal concluded by FHP Property Consultants.  Edward Lloyd House situated on Pinnacle Way, Pride Park has recently been let.

Edward Lloyd House is one of the best detached office buildings on Pride Park and extends to approximately 9,700ft².  The high quality self-contained office premises benefits from open plan accommodation and good on-site parking facilities.

The office has been let on new lease terms for a period of 8 years at a rent which breaks back to £16.50ft².Darran Severn of FHP Property Consultants comments:

“I am delighted to have let Edward Lloyd House.  This is an excellent building being one of the most recent offices built on Pride Park and the property offers excellent headquarters accommodation.  As a result we have achieved a rent of £16.50ft² which is an excellent result for our client.  There are currently few sizeable detached offices available on Pride Park particularly in the 7,500ft² to 15,000ft² bracket and we may start to see businesses looking further afield at some of Derby’s high profile multi let office buildings such as Cardinal Square and Pentagon House.”

For further information on this letting or to discuss your office requirement, please contact Darran Severn of FHP Property Consultants on 07917 460 031 / darran@fhp.co.uk.

Darran Severn

May 2022

FHP Property Consultants, acting on behalf of Rushcliffe Borough Council, are delighted to have already secured several pre-lets for the currently under construction Bingham Enterprise Centre.

The brand-new, state of the art building is situated next to the also under construction Bingham Arena leisure facility located on Chapel Lane in the very heart of the popular market town west of Nottingham. The location itself provides excellent amenities in close proximity including Lidl and Aldi supermarkets – with cafes, bars and restaurants in the town centre also close by. Additionally, transport links are fantastic with both the A52 and A46 providing quick access to Nottingham, Leicester & Newark – with Bingham also benefiting from its own train station linking it to the national rail network.

The development of the site is progressing at pace, with the overall structure complete and the focus now shifting to the interior of the building with practical completion of the site envisaged for mid to late Summer 2022.  The suites comprise a range of different sizes from 500 to 1,200 sq ft across two floors of accommodation, each unit benefiting from their own kitchen/WC facility with communal shower, bike storage and generous car parking provision.

Amy Howard, of FHP’s Office Department commented:

“I am delighted to be working alongside Rushcliffe Council and this exciting new development.  The level of interest we have already received for the building so far has been very positive and we hope to achieve further pre-lets prior to the building officially opening later this year.

I would therefore encourage any interested parties to please get in touch directly with FHP to see how they can be accommodated.”

For further information on the remaining units available please contact Amy Howard on 07887 787 894 / amy.howard@fhp.co.uk or alternatively, contact Thomas Szymkiw on 07896 035 805 / thomas@fhp.co.uk.

FHP Property Consultants are delighted to bring to the market a two-storey Grade II listed office premises in Kings Newton, Derbyshire. The Barn is situated within the Kings Newton Hall estate and provides convenient access to Derby via the A50.

The property comprises 1,923ft² with a good specification including open plan office accommodation, first floor meeting/breakout space and welfare facilities.  Externally, the property benefits from 5 car parking spaces.

The offices are available on new lease terms and would be shared with the landlord who wishes to remain in occupation.

Dan Mooney of FHP Property Consultants commented:

“The Barn provides modern office accommodation within a historic Grade II listed barn conversion. It’s a great choice for a business looking for characterful office space situated within private grounds. The offices are located within a 15-minute walk of the market town of Melbourne which offers plenty of local amenities including cafes and restaurants. This is a great option for any business who are currently looking for office space on the outskirts of Derby and/or those who may require travel as part of their business operation given its proximity to East Midlands Airport.”

For further information or to arrange a viewing, please contact Dan Mooney on 07929 716 330/ dan.mooney@fhp.co.uk or Darran Severn on 07917 460 031 / darran@fhp.co.uk.

ENDS

Dan Mooney

May 2022

We are delighted to have witnessed continued office market activity in early 2022, with 45 deals already agreed by FHP this year – representing circa 145,000 sq ft of office space transacted.

It is evident that this is a result of improving confidence – with occupiers now seizing the opportunity to make key decisions regards their office strategy going forward. Safe in the knowledge of how they are to operate post-pandemic, many occupiers are now more than ever considering different locations – with a big emphasis to downsize and up-spec their operations. This, coupled with the new ways of working has therefore fueled increased uptake in both the city centre and the out-of-town business parks.

There also appears to have been a culture shift regarding office lay-outs – whereby there is much less emphasis on a traditional fixed desk environment to one that now supports a more flexible, hybrid working approach promoting better social interaction and collaboration between colleagues.

Additionally, the power of the office as an important sales tool is becoming increasingly evident with companies understanding that a high specification office fit-out can be key to both enticing their employees back to the office and attracting the highest calibre of personnel. We are currently marketing some great opportunities that are suitable for a wide range of requirements. Therefore, if you are considering your office strategy going forward, please do not hesitate to get in touch with us to discuss.

FHP Property Consultants are delighted to have been instructed to market St Helens House, King Street, Derby,

DE1 3EE.  St Helens House is a three storey office building providing 900.53m² (9,693ft²) of accommodation and benefits from onsite parking.  St Helens House is well located off Derby’s inner ring road providing excellent access to the city, the M1 at Junction 25 and the A38.  The city centre is a short walk away with local shops and amenities within 10 minutes.

The property is available on new lease terms direct with the landlord at a rent of £130,000 per annum.

Darran Severn of FHP Property Consultants commented:

“This is a truly magnificent building and would be a great home for any business.  The accommodation provides a mixture of open plan and cellular rooms all with high ceilings and benefitting from great natural light.  One trend I have noticed over the past several months is that businesses are seeking a higher quality office environment and this building can certainly do that.

I look forward to speaking with any interested parties”.

Alternatively, if you require slightly less space, we are also bringing to market a 306.57m² (3,300ft²) suite within the adjacent Pearson Building which is known as the Big School Suite.

For further information or to arrange a viewing, please contact Darran Severn of FHP Property Consultants on 07917 460 031 / darran@fhp.co.uk or Dan Mooney on 07929 716 330  / dan.mooney@fhp.co.uk.

ENDS

Darran Severn

April 2022

FHP are delighted to have recently completed on the sale of Unit 1 Park Lane, a self-contained office building acquired by a rapidly growing care company, Nationwide Care.

The property is situated on a prominent position on an established business park known as Park Lane Business Park in Basford which has a wide variety of occupiers. The unit comprises approximately 1,700 sq ft of modern office accommodation situated over two floors with a generous amount of car parking also provided.

Amy Howard, of FHP’s office and industrial team who agreed the sale, commented:

“Unit 1 Park Lane is situated in an excellent location and provides high quality office space, for which we expected a high level of interest.  It was the perfect opportunity for both owner occupier and also for investment purposes, resulting in a high level of interest on the property within the first month alone.  We managed to generate several competitive offers from the interest we received resulting in an excellent outcome for our client which saw the property under offer in under a month of it being on the market.

The office market may not be in as high demand as other sectors, but the level of interest received on this unit alone shows that the demand is still there.  That being said, interest is still high for freehold units and demand is certainly outweighing supply. 

 It has been a delight to work alongside both our client and Nationwide Care in securing this deal and I wish them all the best in the future.”

For further information on this sale or if you are looking to dispose of a freehold or leasehold office or industrial unit, please do not hesitate to contact Amy Howard on 07887 787894 or amy.howard@fhp.co.uk.

FHP Property Consultants, on behalf of clients, are delighted to have agreed the letting of Unit 2, Redwing Court in Castle Donington to The Recruitment Group for their new Head Office.

The property provides the company with just under 2,000ft² of modern, self-contained office accommodation over two floors with a good designated car parking provision. Redwing Court itself is a purpose built office development on Willow Farm Business Park – a location benefitting from fantastic access to Junction 24 of the M1 motorway and East Midlands Airport, all within around 30 minutes drive of Nottingham, Derby and Leicester.

Thomas Szymkiw, of FHP’s Office Agency Department commented:

“I am delighted to have secured The Recruitment Group as tenants for Unit 2 Redwing Court.  The property was previously under offer to another party – however as soon as it came back to the market, I knew it would be perfect for their requirements and after a brief viewing we agreed a swift deal with my client.  Paul and the team were a pleasure to deal with throughout the process and I wish them all the best of luck for the future.”

Paul Hipkiss of The Recruitment Group commented:

“I would like to thank Thomas and his team at FHP for their hard work getting us into our new Head Office which we are absolutely delighted with.  This new office will give us the platform to continue our growth plans as we look to build on a very successful last 2 years.”

For further information on this letting, or to speak FHP’s Office Agency Department in regards to your office requirements moving forward – please do not hesitate to contact Thomas Szymkiw on 07896 035805 or thomas@fhp.co.uk.

Independent property company, Hortons’ Estate Ltd, has announced the letting of two of the final three available properties at a business park in the East Midlands.

Top 10 UK house builder, Keepmoat Homes has agreed the largest of the two lettings at Interchange 25 Business Park, Bostocks Lane in Nottingham.

The firm has signed a five-year lease on Unit 1, a two-storey standalone office space of 6,094 sq ft and has taken occupancy of the building following completion of an internal fit out.

Unit 2 is a fully refurbished two-storey detached office building of 5,424 sq ft and has been let to global packaging solutions provider, GPA Global on a six-year lease.  They are undertaking a fit out prior to moving into the premises.

Shaun Fielding, Regional Managing Director, Keepmoat Homes, said:

“We’re excited to have relocated to Interchange 25 and were attracted by the ability to create a great working space for the team, good connectivity to the M1 but within a well maintained and pleasant location.”

Guy Gisborne, Chief Commercial Officer, GPA Global, said:

“Interchange 25 is a perfect environment for our UK design and development hub and will be a great place for our clients to work with our team to design beautiful packaging.  The hub will also form the HQ for our growing EU sustainability team.  We look forward to opening the hub once we have completed our extensive fit out.”

Interchange 25 Business Park is a development of eight self-contained office buildings, located off junction 25 of the M1 motorway.

The last remaining property on the business park is Unit 4A, a recently refurbished 2,700 sq ft office space that is currently under offer.

Jeremy Boothroyd of Hortons’ said:

“We are very pleased to welcome two new occupiers to Interchange 25.  To have attracted tenants of the calibre of Keepmoat Homes and GPA Global is a testament to the facilities on offer at the estate and its superb location.  Interchange 25 is a well managed and maintained site that delivers modern office space and designated onsite parking with secured access off Bostocks Lane.  The interest that we have received in these properties is a really positive sign for the business park market.”

Interchange 25 is being marketed by Mark Tomlinson of FHP who commented:

“We have been working alongside Hortons’ Estate Ltd for some years in undertaking a programme of building refurbishments and new lettings at Interchange 25.  These two deals are the latest in a string of new lettings at the site and add to the high quality of established occupiers such as Nurture, Air IT and Arthur McKay.”

For further information on the availability at Interchange 25 Business Park, please contact Mark Tomlinson on mark@fhp.co.uk  or 07917 576 254.

2NB Property Investments Limited, a Derby based investment company has recently acquired Prospect House which is situated on Pride Park, Derby.  Prospect House was one of the first HQ office buildings built on Pride Park and must be one of the most well-known buildings in Derby.  The property occupies a highly visible position directly opposite Pride Park Stadium and the accommodation spans over three floors offering modern open plan space.

The property was sold on behalf of private clients by joint agents FHP Property Consultants and Andrew Butcher & Associates.

Darran Severn of FHP Property Consultants commented:

“I am pleased this sale has completed and I wish the new owners every future success with their investment which I understand will be occupied later this year after a comprehensive refurbishment.  There is a continued demand for office premises across Derby with a significant focus on Pride Park at present.  Occupiers are seeking to increase the quality of their working environments and to create more of a collaborative lifestyle choice to boost collaboration, mental health and wellbeing, team building and to support the upskilling of junior members of the workforce.  With a general lack of stock in market particularly on Pride Park we are starting to see capital values rise”.

David Nelson from 2NB Property Investments Limited commented:

“We’re delighted to complete the purchase of Prospect House and wish to thank all the professionals that assisted with the transaction.  We look forward to turning the building into high specification grade A office accommodation that will be occupied later this year”.

Andrew Butcher of Andrew Butcher & Associates also commented:

I am delighted to have concluded the sale of this property on behalf of our private clients, following a relatively short marketing period. The demand for freehold properties and the short supply saw competition for this property and it is good to see that after a refurbishment, this will be home to a growing professional occupier, further extending the occupational life of the building”.

For further information or to discuss your property requirements, please contact Darran Severn of FHP Property Consultants on 07917 460 031 or darran@fhp.co.uk

ENDS

Darran Severn

April 2022

ADC Infrastructure, a Nottingham based consultancy service to the property development sector in Transport Planning, Infrastructure Design, and Water Management, have expanded their offices within the city by taking the final floor available within the City Buildings on Carrington Street close to Nottingham Train Station.

The property was substantially refurbished by Shoby Properties following their acquisition of property to provide some of the very best quality offices which Nottingham has to offer retaining many of the property’s original features while making the space suitable for the requirements of modern day office occupiers with high quality finishes, full air conditioning as well as on site bicycle storage and repair facilities, showers and changing rooms.

Mark Tomlinson of FHP who acted on behalf of the landlords, Shoby Properties, in securing the deal commented:

“We are seeing a continued trend amongst office occupiers seeking to increase the quality of their working environments and secure premium office spaces within the city and City Buildings delivers just that.  We are seeing strong uptake of prime offices across the city and ADC Infrastructure are a fantastic tenant to have secured for the final floor within this building.  I’m sure that they will enjoy the quality of the space and the facilities”.

David Cummins, Director of ADC Infrastructure commented:

“Our current offices are to be redeveloped, so the opportunity arose to find new offices.  We wanted to remain in the city centre, as our staff travel by bike, bus, tram and train.  We wanted more space for growth, as we seek to double our numbers to around 60 in the coming years.  And importantly, we wanted a quality environment that would encourage everyone to work in the office.  The area around Carrington Street is an exciting place to be and the City Buildings felt right from our first visit.  This is our fourth move since the company began in 2013, and FHP have again been very helpful at showing us the options.  We look forward to working with them for many years to come as they are also the managing agents.”

I am pleased to announce the sale of Clarence Street in Sneinton to Nottingham Mencap.  The property comprised two buildings which had been combined and were set over three floors.

The premises is located just off Carlton Road in Sneinton, approximately 1 mile north east of Nottingham City Centre close to the Motorpoint Arena, measuring 539.37m² (5,806ft²).

The building was used by the 3D Group UK for storage, manufacturing and distribution on the ground floor and offices/meeting rooms on the first and second floors alongside staff welfare facilities throughout.  The property was in two distinct parts following extensive renovation and upgrading works in 2014/2015 when the property was merged seamlessly to provide attractive storage and office space.  The specification was superb in every way with custom made staircases, air conditioning, roof terraces, full commercial canteen, changing rooms, bi-folding doors, I could go on . . .

Nottingham Mencap, the purchasers, are a self-funded Nottinghamshire charity which was founded in 1950 by a small group of parents who united to establish the right for their disabled children to live independent lives and have the same opportunities as everyone else.  Helping those living with learning difficulties and autism Nottingham Mencap provide a supportive and welcoming space within their community to enable them to develop and maintain relationships and develop skills needed to live healthy, safe and fulfilling lives.

Anthony Barrowcliffe of FHP commented:

“When I first met the 3D Group UK and they showed me around the property it blew me away in terms of internal fit out, specification, quality and the high standard of finishings throughout.  No expense was spared in what they thought was their forever home.  Every inch of the building was utilised and bursting at the seams and reluctantly the 3D Group UK were having to relocate due to their incredible expansion and outgrowing this space.  

Nottingham Mencap is a wonderful charity and I was so pleased that terms could be agreed to allow the 3D Group UK to move into their much bigger new unit, and for Nottingham Mencap to move into Clarence Street which met their needs and support their expansion. 

This was a great transaction to be involved with, in an area I am very active in and believe is up and coming for industrial, office and residential property.”

For further information on this transaction or to see how FHP can help you with your property requirements please contact Anthony Barrowcliffe of FHP on 07557 972008 / anthony@fhp.co.uk.

Over the last 12 months, the majority of us will have seen a change in the relationship we have with the office.  By far the most important driver from occupiers considering office moves has been a focus on the quality of office environments.  Many occupiers are looking to improve their space to make the office more of a collaborative “lifestyle choice” to boost collaboration, mental health and wellbeing, team building and to support the upskilling of more junior members of the workforce.  There has also been an increase in demand for freehold office space, particularly on Pride Park where FHP currently have some 30,000ft² of office space under offer on a freehold basis, the majority to local businesses who are already based in Derby.

Darran Severn of FHP Property Consultants commented:

“We’ve had a lot of success during the last couple of months placing five buildings under offer.  It feels like businesses are ready to make decisions in regard to their office space and there seems to be a preference to buy.  As an example, we placed 3 Prospect Place on the market earlier in January and after several viewings this went under offer very quickly.  Again, we received an offer on 10 Royal Scot Road within a day of marketing.  Whilst these deals are yet to complete, I am confident they will progress to completion having carried out the required due diligence on each buyer. 

We continue to speak with local and regional businesses on a daily basis who are still seeking space on a freehold basis and I would be delighted to speak with anyone who may be looking to sell their property.  Whilst capital values have remained relatively unchanged over the past 5 – 10 years, I expect with a shortage of opportunities we will start to see values rise.  I would add that we are also speaking to occupiers who require space on a leasehold basis, but again there are limited options currently on Pride Park, particularly for space larger than 6,000ft².”

Should you require any further information then please do not hesitate to contact Darran Severn  07917 460 031 or darran@fhp.co.uk.

ENDS

Darran Severn

February 2022

FHP Property Consultants are delighted to bring to the market a 2,778ft² modern two-storey business premises on Royal Scot Road which is directly accessed off Pride Parkway on Pride Park in Derby.

The property comprises an end terraced unit with ground and first floor accommodation.  The units were originally built to accommodate light storage/warehouse space, however the premises has most recently been used as offices. The building benefits from a good specification including security grilles on windows/doors, 3 phase electricity, gas fired central heating, fire and security alarm system, upgraded LED lighting on the first floor and a manual roller shutter door on the side elevation which could be reinstated if required.  Externally, there is sufficient parking for 10 cars.

The property is available to purchase at a freehold price of £315,000, or alternatively by way of new lease terms at a rent of £28,500 per annum.  The property will come with vacant possession.

Dan Mooney of FHP Property Consultants commented:

“This is a fantastic opportunity for an occupier to take up space in the heart of Pride Park.  Recently we have seen great success on Pride Park having let 38 Brunel Parkway and Technology House and 7 Mallard Way in 2021.  This has continued well into 2022 with 2 Victoria Way and 3 Prospect Place now being under offer.  Continued business activity on Pride Park is exactly what Derby needs and it is excellent to see many occupiers consider their next property move.  The property will come with vacant possession as the existing owners are relocating and their business will not be affected.  We have already received excellent interest so please contact me to avoid disappointment.”

Should you require further information or to arrange a viewing, then please contact Dan Mooney on 07929 716 330 / dan.mooney@fhp.co.uk.

ENDS

Dan Mooney

February 2022

PMW Property have continued to remodel their property investment portfolio confirming that they have completed the acquisition of The Curve, NG2 Business Park in Nottingham – a prime 30,000ft² HQ building occupied by VF Corporation.

Whilst the terms of the transaction have not been publicised it is understood that VF occupy the property on a lease expiring December 2025 with the annual rent being £510,000 per annum.

The move by PMW may come as a surprise to some as PMW have traditionally built their property portfolio with an emphasis on industrial properties, many of which are older in their nature.

In recent years however there has been a significant change of emphasis within the group and they have successfully completed a number of new build schemes including a trade counter scheme and complementary industrial units in Swadlincote, new warehouses at Alfreton and they are embarking on the marketing of a distribution site on the A50 which can accommodate a 130,000ft² distribution unit.

PMW have always been astute in their choices as to which sectors and which locations to invest in, believing that there is an opportunity at the current time to invest within prime offices in solid locations when market sentiment over the office sector has been mixed in certain quarters.

Mike Wrigley, Managing Director of PMW, confirmed:-

“We work closely with a number of agents including FHP.  When John Proctor offered me the opportunity at The Curve it resonated very nicely in a complementary way with our own thinking as to how we should look to acquire properties as the economy and property sector seeks to continue to evolve as we come out of the depths of the pandemic period. 

We have traditionally looked at the industrial and logistics sector as our default sector to invest in but during the pandemic the exponential growth of e-commerce and the need for businesses to reach out directly to their customers has meant that pricing in this sector and sourcing opportunities which we feel have value has been a challenge.

We do see that the office sector is one where there will be emergence of rental and capital growth as the market regains and retains its confidence.

The Curve attracted us as it is located on Nottingham’s best Business Park and it is let to a high quality Tenant who are best in class within their own fields with brands such as North Face and Timberland.

We recognise that there will be changes in occupational requirements.  The Curve attracted us because the internal configuration allows the building to potentially subdivide floor by floor and if necessary on a wing by wing basis and the passing rent of £17 per ft² represents good value compared with the values of new build sectors and those rents being achieved elsewhere within the city.

We are looking forward to working with John and his team, and with VF Corporation onwardly, as working with our Tenants has always been a key component of our business model and we continue to look for more opportunities in all sectors”.

John Proctor confirmed:-

“This has been a rewarding acquisition to work on as we have worked with Mike Wrigley and PMW Property for more than 20 years now and not only do we value them as Clients but we feel they are very much part of the family and we hope equally they feel the same about us.  Knowing your Clients is a vital component in advising properly and when I saw The Curve come on to the market I thought of Mike because he is always one to spot value and essentially the market price of this asset class is under priced because of the detrimental effect of the pandemic and the fear factor attached to the “future of the office” and there is therefore hypothetically greater risk but you cannot escape the fact that this building is prime and it sits within Nottingham’s best Business Park.  The Nottingham office market continues to transact and with there being no prospect of speculative development for the foreseeable future we believe that The Curve will remain one of the best buildings within the city for some time to come”.

M1 Agency acted on behalf of the Vendor.

Flint Bishop (Derby) advised PMW Property on all legal aspects with Addleshaw Goddard LLP advising the Vendor.

For further information please contact John Proctor at FHP on 0115 950 7577 or Mike Wrigley at PMW Property on 01335 348 145.

FHP Property Consultants are delighted to have let the ground floor office suite at Unit 6, Boundary Court, Willow Farm Business Park to Cardinal Maritime Ltd – a major logistics company.

The accommodation provides just over 2,500ft² of recently refurbished space benefitting from an open plan floorplate with the additional benefit of a bespoke kitchen facility and separate meeting rooms. There is a substantial on-site car parking facility with the location of the building fantastic for access to the M1 motorway and is easily reached by Nottingham, Derby and Leicester – with East Midlands Airport also just a short drive away.

Thomas Szymkiw, of FHP’s Office Team commented:

“The ground floor office suite at Unit 6, Boundary Court provides a fantastic office for Cardinal Maritime Ltd and I am delighted to have helped them with their expansion plans. 

The deal was conceived and completed in quick succession to enable them to move in just before Christmas – which made the transaction even more pleasing for all parties involved.” 

For further information on this letting, or if you require any assistance with your office requirements moving forward, please do not hesitate to contact Thomas Szymkiw of FHP’s Office Team on 07896 035805 or thomas@fhp.co.uk.

Acting on behalf of Truelove Pension Fund, FHP have completed a number of office lettings within The Atrium, a multi occupied city centre office building following increased deal activity within the sector.

FHP were instructed to market The Atrium at the start of 2021, at which point the building had some 20,000 sq ft of vacancy, with various tenants having decided to vacate spaces as a result of the Coronavirus Pandemic.

Since then, the landlords, Truelove Pension Fund, have undertaken various refurbishments within the building and alongside FHP’s marketing efforts have now concluded the lettings of five suites within the building totalling 18,000 sq ft.

Mark Tomlinson of FHP who acted on behalf of the landlords commented:

“Much has been made of the changes within the office sector, but these lettings prove that the office market is still very much alive and kicking for the right quality of spaces.  We have seen many occupiers reconsider their requirements and adopting a more flexible working strategy and seeking to improve the overall quality of their office accommodation to enhance working environments going forwards.  There remains a lack of supply of good quality spaces within the sector and we expect to see deal activity to improve during 2022, once occupiers put their new office strategies into place”.

Kate Truelove of Truelove Pension Fund commented:

“We are delighted to have secured a number of lettings in The Atrium in a short space of time during the middle of a pandemic. It shows office-based working is here to stay going forward and we would like to thank FHP for their hard work in securing a strong set of tenants throughout the building on long term leases”.

FHP Property Consultants, on behalf of retained clients are delighted to have completed the letting of first floor offices at The Queens Offices on Arkwright Street in Nottingham to Octopus Energy Ltd.

The building is situated opposite Nottingham Station and has recently been refurbished to provide high quality office space benefiting from a modern internal fit out that includes LED lighting and heating/cooling systems with substantial car parking facility to the rear. The building also retains some attractive architectural features from its beginnings as a 19th century hotel and sits in a prominent position facing Carrington Street.

Thomas Szymkiw, of FHP’s Office Department commented:

“The Queens Offices are a landmark building that has recently been saved from disrepair to offer some well needed good quality refurbished office space to the market. 

After several viewings of options with Octopus Energy it was apparent that The Queens Offices ticked all the boxes in terms of location and specification to house their Nottingham-based sales and acquisition team.  I am therefore pleased that we have managed to accommodate them in the city – as I understand they were considering other locations as they hadn’t been able to find what they were looking for. 

We now only have the second floor of the property available and would be delighted to speak with any businesses currently in the market for high quality space to see whether they could also be accommodated in the building.”

For further information on this letting, or if you require any assistance with your office requirements moving forward, please do not hesitate to contact Thomas Szymkiw of FHP’s Office Team on 07896 035805 or thomas@fhp.co.uk.

26-28 High Pavement, one of Nottingham’s Lace Market areas finest buildings, has been sold in a deal brokered by FHP Property Consultants to developers, D.L Rhodes & Son Ltd.

The stunning building, which provides just over 5,000ft² of accommodation over three floors retains many of its original charm, including feature parapet, timber sash windows and access to a cave system underneath.  By virtue of its location, it also benefits from a plethora of cultural amenities on its doorstep, including Nottingham Contemporary, The Galleries of Justice, St Mary’s Church with a wealth of shops, bars/restaurants also in close proximity.

Thomas Szymkiw, of FHP’s Office Department who agreed the sale commented:

“26-28 High Pavement is one of the finest examples of Georgian architecture in the Lace Market with the property standing prominently on the street – additionally boasting fantastic views of St Mary’s Church to the front and over the cliffs to the rear. 

With opportunities of this stature rarely coming to market it was clear that interest in the property was going to be high – and I am very pleased with the outcome for D.L Rhodes & Son Ltd who have acquired a fantastic building in a great location. 

It has also provided the opportunity for us to relocate our clients into a high-quality office refurbishment in close proximity that is more suitable for their needs moving forwards – therefore a great result for all parties involved.” 

Nigel Rhodes of D.L Rhodes & Son Ltd commented:

“The DLR team are delighted to have completed on this beautiful historic building in the heart of the Lace Market. 

We worked with the previous owners on a completion date suitable to them so they could relocate to new offices which gave us time to look into various alternative uses for this building. 

Our thanks go to Thomas and his team at FHP for making this a very smooth transaction.”

For further information on this sale, or to find out more about how FHP can be of assistance with your office requirements going forward – please do not hesitate to contact Thomas Szymkiw of FHP’s Office Department on 07896 035805 or thomas@fhp.co.uk.

FHP Property Consultants are delighted to bring to the market the office building known as 3 Prospect Place, Pride Park, Derby, D24 8HG.

The property occupies an excellent position on Pride Park and is accessed off Derwent Parade which connects the adjoining Wyvern Retail and Business Park with the A52 and M1 via Junction 25.  The accommodation spans over two floors and offers good quality accommodation with an arrangement combining a mixture of cellular and open plan space.  There is a glazed reception entrance and kitchen and WC facilities on each floor.  The property benefits from 17 car parking spaces and is fully air conditioned.

The offices are available on new lease terms at a rent of £60,000 per annum.  Alternatively the freehold may be available.

Darran Severn of FHP Property Consultants comments:

“Over the last 6 months we have seen a steady increase in activity within the office sector.  What I have noticed is that occupiers are looking for higher quality offices that offer a mixture of traditional desk space, creative collaborative zones and break out space.  3 Prospect Place offers self contained accommodation which if fitted out correctly can provide an excellent working environment.  I look forward to speaking with interested parties.”

For further information or to arrange a viewing, please contact Darran Severn on 07917 460 031 / darran@fhp.co.uk or Dan Mooney on 07929 716 330 / dan.mooney@fhp.co.uk

ENDS

Darran Severn

January 2022

FHP Property Consultants have recently completed on the sale of two self-contained office buildings on Clarendon Business Park in Nottingham.

Acquired by a rapidly expanding education provider, 2.1 and 2.3 provide just over 7,000ft² of accommodation with substantial car parking provision close to the city.

Thomas Szymkiw, of FHP’s Office Department commented:

“I have been in touch with the purchaser of both properties for a number of years and was well aware of their desire to acquire a good quality self-contained office building in Nottingham. 

The right freehold option had been hard to find – however knowing the nature of their requirements I knew instantly that two, self-contained buildings situated in close proximity to each other on Clarendon Business Park would present the perfect opportunity to enable them expand their educational services in the city.” 

For further information on these sales, or to discuss your office requirements going forward, please do not hesitate to contact Thomas Szymkiw of FHP’s Office Agency Team on 07896 035805, or thomas@fhp.co.uk.

FHP acting on behalf of retained clients are delighted to announce the sale of two highly sought-after office opportunities on Oswin Road, Forest Business Park just west of Leicester City Centre.

Both properties provide self-contained purpose-built office accommodation of just under 1,750ft² each boasting ample car parking facilities to the front and within easy reach of J21A of the M1 Motorway.

Thomas Szymkiw, of FHP’s Office Department who agreed both deals commented:

“Small, freehold office opportunities in Leicester are scarce, so when I was instructed to sell both buildings I knew that interest would be high – receiving several strong offers within a very short marketing timeframe.

I am pleased that I have been able to assist both purchasers with their expansion plans and happy in the knowledge that they have been able to acquire two fantastic office buildings in one of the city’s most established commercial locations.

As always, I am keen to hear from any other building owners in the Leicester area who are considering selling or letting their office premises to see how FHP can be of assistance.”

For further information on these disposals, or if you require any help with your office requirements moving forward, please do not hesitate to contact Thomas Szymkiw of FHP’s Office Team on 07896 035 805 or thomas@fhp.co.uk.

8 Clinton Terrace, on Derby Road just north of Nottingham City Centre, has been sold in a deal brokered by FHP Property Consultants to Clinton View Ltd.

The property which extends to just under 3,000ft² , provides modern office accommodation over three floors with substantial car parking to the rear.

Thomas Szymkiw, of FHP’s Office Department who agreed the sale, commented:

“8 Clinton Terrace is a great building, in a fantastic location bordering the desirable Park Estate and in an area that has seen some fantastic developments in recent years including both private and student residential schemes. 

The property provided a perfect opportunity for either an office owner occupier or developer and we had high interest in the property on both fronts – resulting in a competitive bidding process that ended up with a fantastic result for our clients. 

The purchaser is looking to undertake substantial redevelopment of the building for residential use and I am very excited to see how their ambitious plans evolve over the coming months. 

Due to the lack of opportunities of this nature, interest is high for freehold offices and I am keen to hear from any other building owners who are considering a sale to see how we can also be of assistance”

For further information on this sale, or to find out more about how FHP can help with your office requirements going forwards, please do not hesitate to contact Thomas Szymkiw of FHP’s Office Department on 07896 035 805 or thomas@fhp.co.uk.

FHP Property Consultants are pleased to confirm the letting of 39 Brunel Parkway, Pride Park, Derby to Wabtec Faiveley.

39 Brunel Parkway is conveniently situated on Pride Park close to the railway station and offers excellent access to the M1 via the A52 and A38.  The property comprises a modern semi-detached two storey office building finished to an excellent specification including raised access floors, air conditioning and a passenger lift.

The offices have been let on new lease terms for a period of 5 years at a headline rent of £12.80ft².

Darran Severn of FHP Property Consultants comments:

“I’m pleased this letting has completed and it’s been a great result for both our client and the new tenant.  Pride Park is Derby’s primary office location and is still very popular with local businesses due to its connectivity.  39 Brunel Parkway offers modern air-conditioned office space with good parking.  I look forward to seeing the tenant in occupation in the new year.”

For further information or to discuss any of the above in more detail, please contact Darran Severn on 01332 343 222 or email darran@fhp.co.uk.

ENDS

Darran Severn

December 2021

Toll Bar House, a 7,105ft² Grade A office development in Edwalton has now been fully let by FHP Property Consultants.

The imposing, three story modern office building is located on the edge of a major residential development next to Notcutts Wheatcroft that also includes an Aldi supermarket, Costa Coffee Drive-Thru and McDonald’s restaurant.  The property is well-located for West Bridgford, Nottingham, the A52 ring road, the A46 and J24 of the M1 motorway. Internally, the office suites provide open plan accommodation, benefitting from LED lighting, heating/cooling systems, shower facilities, with a feature full height glazed reception area and generous car parking facilities.

The building is now home to Oxalis Planning, T.Bailey Asset Management and IFS (UK) Ltd.

Thomas Szymkiw of FHP Property Consultants Office Department commented:

“Toll Bar House is one of the city’s premier new office developments and I am absolutely delighted to have secured tenants for the building.

Increasingly, business parks are becoming ever more popular with occupiers who are now employing more flexible working practices and therefore seeking offices in more accessible locations.

It is testament to these companies confidence in their office strategy that we managed to get a great result for our clients. It is always a pleasure to be of assistance and I would be delighted to accommodate any other occupiers who are in the market for offices, or alternatively considering their options going forward”

For more information, please do not hesitate to contact Thomas Szymkiw on 07896 035805 or thomas@fhp.co.uk.

FHP Property Consultants are delighted to have been instructed to market Prospect House, 1 Prospect Place, Pride Park, Derby, DE24 8HG.  This property was one of the first HQ offices built on Pride Park and must be one of the most well-known office buildings in Derby.

The property occupies a highly visible position on Pride Park, diagonally opposite Pride Park Stadium and accessed off Derwent Parade which connects the adjoining Wyvern Retail and Business Park with the A52 and M1 via Junction 25.  The accommodation spans over three floors and offers a high-quality finish with an arrangement combining a mixture of cellular and open plan space, reception and meeting rooms.

The offices are available on new lease terms or on a freehold basis.  The quoting terms are dependent upon the specification.

Darran Severn of FHP Property Consultants, comments:

“This is an excellent opportunity to occupy/acquire one of the most prominent and well-known buildings on Pride Park.  The offices offer excellent open plan accommodation and will benefit from a refurbishment to suit individual occupier requirements.  They also boast an impressive amount of parking spaces with 51 marked bays along with cycle stores.”

For further information or to arrange a viewing, please contact Darran Severn on 07914 460031 / darran@fhp.co.uk or our joint agents, Andrew Butcher on 07977 981901 / andrew@andrewbutcher.com or Russell Rigby on 07894 641316 / russellrigby@rigbyandco.com.

ENDS

Darran Severn

October 2021

I am delighted to have started my real estate career in a company such as FHP who are the leading property consultants within the East Midlands. After just completing a Master’s degree in Real Estate at Nottingham Trent University, I am excited to progress within the property industry and see what the future holds for me at FHP. With some experience in the office sector already, I am looking forward to growing my knowledge and gaining new experience within the other sectors.