FHP are delighted to bring to market this Grade II listed building positioned on Market Place.  Southwell is a popular market town and is anchored by their Southwell Minster and a plethora of nearby amenities. The property benefits from good access and is a short walk to a mixture of retail and leisure shops and restaurants.

The property comprises 1,061 sq ft of office accommodation across three floors with a generous yard space to the rear of the property.  The building is available with vacant possession and at an asking price of £240,000 or by way of lease at £17,000 per annum.

Amy Howard of FHP Property Consultants commented:

‘It is great to bring this rare opportunity to the market and have an FHP presence in the market town of Southwell.  I am excited to work on this sale and I imagine that we will receive high interest.  The property is the perfect fit for an owner occupier and also provides an excellent opportunity for residential redevelopment (STP).”

If you are interested in the property, please feel free to contact me on 07887 787 894, alternatively you can email me at amy.howard@fhp.co.uk.

Upon the instructions of Henry Brothers Ltd, FHP Property Consultants are delighted to have acquired Unit 32 Eldon Road in Chilwell.

The 3,044ft² office building provides fully refurbished accommodation over two floors – of which Henry Brothers are now subjecting to a high specification fit out, providing not just office space but also bespoke meeting spaces and break out areas.

There is also a substantial car parking provision to the front with the location easily accessible to Beeston Town Centre, the M1 Motorway and Nottingham City Centre.

Thomas Szymkiw, of FHP’s Agency Department commented:

“Henry Brothers contacted us with a specific requirement for a certain type of office building that would be suitable for their needs going forward. 

After initially undertaking an extensive search of availability on the market and providing recommendations on the options – it was clear that 32 Eldon Road was the front runner. 

We subsequently managed to get the transaction completed within a swift timeframe – resulting in a smooth transition for Henry Brothers.

I would therefore be delighted to hear from any other occupiers who are looking to move office premises to see how we can also be of assistance.”

Ian Taylor, Director of Henry Brothers commented:

“This is the second time that we have engaged FHP to find an office for us. They were involved when we launched the business in the East Midlands 8 years ago and due to our continued growth in the Midlands we returned to them to find a more suitable office for our expanding team. 

I’m pleased to say they worked tirelessly to offer up options, show us round the market and then hone in on a short list of viable offices.”

For further information on this acquisition, or to speak with FHP in regards to your office requirements going forward – please do not hesitate to contact Thomas Szymkiw on 07896 035 805 or thomas@fhp.co.uk.

FHP Property Consultants are delighted to announce the letting of Suite GA at Pentagon House, Sir Frank Whittle Road, Derby to Wowcher.

Pentagon House is a landmark multi tenanted office building providing high quality modern accommodation across four floors.  The building benefits from a staffed reception, air conditioning and excellent on site parking with a ratio of 1 space per 200ft².

Wowcher have taken a new 5 year lease on a ground floor suite measuring 3,919ft².

Darran Severn, Director at FHP Property Consultants comments:

“It was a pleasure to deal with Wowcher.  We first discussed an office relocation with them back in 2021 and it is great to have now found them suitable accommodation.   There has been significant investment in the building recently and it really shows.  The modern reception leads to newly refurbished open plan office space which benefits from showers and individual WC’s.

In addition to the Wowcher letting, a 786ft² pavilion suite has been let to Dovedale Logistics and another entire wing is under offer of which we hope to release further details shortly.  There are still suites available within the building starting from 3,747ft² and if you would like to take a look, then please do get in touch.”

Mark Roberts of Loxton Developments who own the property commented:-

“Pentagon House is one of the most prominent office buildings in Derby city centre overlooking Derbyshire County Cricket ground.  The suites are refurbished with kitchens and data cabling so ready to occupy now with minimum fit out required.

With an EPC of B the building is very energy efficient which is increasingly important to tenants.

We are delighted to welcome some new tenants to the building which previously has been occupied by Alstom, Citi and Balfour Beatty.”

Innes England acted as joint agents.

For further information or to arrange a viewing please contact Darran Severn on 07917 460031 / darran@fhp.co.uk or Corbin Archer on 07929 716330 / corbin.archer@fhp.co.uk.

August 2022

ENDS

I joined FHP during the summer in 2022 whilst completing my Masters Degree in Real Estate at Nottingham Trent University where I gained a Distinction, having previously graduated from the University of Nottingham with a 2:1 in History.

I work in FHP’s Derby office, predominately dealing with the sale and lettings of all forms of commercial property including office, industrial, retail and land. I cover Derbyshire and the surrounding areas including Derby, Ilkeston, Long Eaton, Alfreton, Ashbourne and Burton. I also assist on landlord and tenant matters covering lease renewals and rent reviews alongside aiding the professional team on valuation work.

FHP are delighted to confirm that Nexus Multi Academy Trust have secured a unit on Broadfield Court, Sheffield.  The established company, specialising in teaching support will be a great asset to the business park and provide further diversity.  The unit comprises 1,895 sq ft and is situated just south of Sheffield City Centre, providing great access links for the Academy.

Amy Howard, of FHP’s Office Department commented:

“With the property being situated in Sheffield, it was certainly new territory being predominantly based in Nottingham, that being said the traction received on this unit remained strong and we received several offers.

 It is great to see this deal cross the line and within such a quick timeframe.  The Academy’s goal was to complete within a month of being under offer, the consistency and focus from both parties allowed this to happen.  It has been a pleasure to work on this deal and I wish Nexus Multi Academy Trust all the best at Broadfield Court”.

If you are looking to dispose of a freehold / leasehold office unit within Sheffield, please feel free to call me on 07887 787 894, alternatively you can email at amy.howard@fhp.co.uk.

FHP Property Consultants are pleased to confirm the letting of The Barn, Main Street, Kings Newton, Derbyshire, DE73 8BX.  The Barn is situated within the Kings Newton Hall Estate in the village of Kings Newton and comprises a two storey Grade II listed property that has been converted to use as an office building.

The property has been let on new lease terms for a period of 10 years at a rent of £18,000 per annum.

Darran Severn of FHP Property Consultants comments:

“This is a really unique office building set within the countryside but also has excellent connectivity  via the A50 and A38.  I am pleased to confirm we have secured this letting within a matter of months and both our client and the new tenant are extremely happy with the result. 

There has been good activity within the office market over the last 12 months across Derbyshire and it is clear that businesses are seeking higher quality accommodation which is accessible and close to amenities.”

For further information on the letting please contact Darran Severn on 07917 460031 / darran@fhp.co.uk.

August 2022

ENDS

Law firm Potter Clarkson is moving to new offices in the heart of Nottingham city centre. The intellectual property specialist has signed a 10 year lease for 16,000 sq ft at Chapel Quarter.

Potter Clarkson plans to move in next January after refurbishment works have been completed.

The office space will be stripped back to a shell, fully refurbished and fitted out as Grade A offices by Claremont Group Interiors, with an element of the cost being funded by the landlord.

Steve Smith, Managing Partner of the Potter Clarkson group, said:

“We are excited by the opportunity to design and develop a new working environment that supports greater flexibility and productivity – something that is tailor-made for our staff and clients.

Our new office will provide the highest quality environment to meet the new and future needs of our business, ensuring that Nottingham remains the beating heart of our firm.”

The lease negotiations were overseen throughout by Roger Davis of Geo Hallam & Sons and supported by Freeths.

Mark Tomlinson, Director at FHP, brought forwards the occupier interest and acted on behalf of the Tenant in the surrender negotiations.

Additional support was provided by Oval Real Estate, as advisers to the landlord.

It is rare that a freehold period office building comes to market and we are therefore delighted to have received instructions to sell Thiskey House on St James Terrace – a fine example of a three storey Georgian former townhouse located in the heart of Nottingham’s prestigious Professional Quarter.

The building itself retains much of its original charm – with tiled flooring to the entrance hall, staircase, fireplaces throughout and even the original stove (although we are not sure this is still useable for cooking!)  Additionally, there is a delightful courtyard style garden to the rear. Perfect for any office occupier looking to purchase their own building in a great spot in the city centre close to shops, bars and restaurants – there could also be the potential for residential conversion to either one dwelling or apartments (subject to planning).

Interest in the property is therefore sure to be high and we would welcome any interested parties to get in touch to discuss the opportunity further. For more information, please do not hesitate to contact Thomas Szymkiw of FHP’s Office Team on 07896 035 805 or thomas@fhp.co.uk.

FHP Property Consultants, on behalf of clients are delighted to have completed the letting of 10 Colwick Quays to Cellomatics Biosciences Ltd.

The building provides circa 5,000ft² of modern office accommodation over two floors, that recently has been fully refurbished by the current owners and benefits from a substantial car parking provision. Cellomatics, with the help of APSS Ltd have themselves now undertaken a transformational refurbishment internally that provides high specification laboratory and office accommodation.

Thomas Szymkiw of FHP’s Office Team commented:

“Cellomatics were a pleasure to work with from start to finish and I am therefore very pleased that we have been able to accommodate them at 10 Colwick Quays. 

The building provides purpose built accommodation that has now been subjected to a state of the art fit out that suits their needs perfectly going forward and I wish them the best of luck for the future. 

It just goes to show that the office market is still very much alive and kicking and I would be delighted to assist any other companies who are also in the market.”

Stuart Gibson, Finance Director of Cellomatics Biosciences Ltd:

“The new building provides us with the space to accommodate our growth plans and the team are really enjoying their new working environment. 

Thomas was extremely helpful and professional to deal with throughout the whole process from the first interactions through to completion.”   

For further information on this letting, or to discuss your office requirements moving forwards – please do not hesitate to contact Thomas Szymkiw of FHP on 07896 035 805 or thomas@fhp.co.uk.

FHP Property Consultants acting on behalf of clients have completed on the sale of 52A High Pavement in Nottingham’s historic Lace Market – also known as ‘The Creative Quarter’.

The former lace works has been snapped up by Waste Studio, an expanding creative design agency – who were already based in the area.  The building provides circa 2,800 sq ft of office accommodation over three floors and benefits from some fantastic views over south Nottingham.  Built in 1897 the property has only had two previous owners, thankfully both of which have retained many period features including original goods lift hoist, sash windows, wooden flooring, staircase and heating system – all of which provide a building with great character and history.

Thomas Szymkiw of FHP’s Office Agency Team commented:

“Buildings such as this in The Lace Market rarely come on the market, therefore I am delighted for Norman and the rest of the team at Waste Studio who have secured a fantastic base for their operations moving forward. 

The office market in the area really is going from strength to strength and with several disposals already completed this year, The Lace Market continues to be in high demand for occupiers. 

Therefore, it would be great to hear from any companies who are considering their options moving forward to see how we can be of assistance.”

Norman Hayes, Creative Director of Waste Studio commented:

“We’re super excited and proud to have now completed purchasing our first property as Waste Studio. 

Nottingham has been the home to our business for the last 12 years and we feel proud to finally invest and further lay foundations within Nottingham, especially in the beautiful Lace Market area. 

Our new building is full of original character and the space it provides is perfect. We plan to create an epicentre for creativity, providing flexible spaces that will work not only as our studio environment but also allow for events, talks and collaborations to happen. 

Over the coming months, we will develop the building bringing it up to date whilst preserving all of the original features.”

For further information on this sale, or to discuss your office requirements in further detail – please do not hesitate to contact Thomas Szymkiw of FHP on 07896 035 805 or thomas@fhp.co.uk.

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”.