Acting on behalf of Leicestershire County Council, FHP Property Consultants are delighted to announce the letting of the offices at Embankment House, Riverside Business Park to Knights plc, a fast growing legal and professional services business which has 13 offices across the UK and employs some 930 professionals.

The new office move is to serve as an expansion following Knights plc’s recent acquisition of Fraser Brown Solicitors earlier this year.

This new acquisition brings together a number of smaller offices in Nottingham previously occupied by Fraser Brown to one single hub of Grade A offices on a single floor plate.  Knights plc join St James’s Place Wealth Management and The Ministry of Justice in Embankment House.

Mark Tomlinson, Director at FHP who acted on behalf of the Landlords, commented:-

“Embankment House was one of the last remaining fully refurbished Grade A office options in Nottingham City with a real lack of supply of good quality options above 10,000ft².  We agreed terms with Knights plc during lockdown and all parties acted swiftly to get this deal over the line.  

This deal is further evidence that there continues to be good quality appetite for office space as part of a more flexible working strategy for professional services companies.“

David Beech, CEO at Knights plc, commented:-

“Ensuring our office spaces are fit for the needs of the modern lawyer is central to maintaining the strong operational backbone of the business that we have built. The office at Embankment House gives us the space to continue to expand in the East Midlands, while supporting our modern and collaborative way of working”.

Sam Cooke at Carter Jonas, who acted on behalf of Knights plc in the transaction, commented:-

“It has been a pleasure to work with Knights on their expansion in the East Midlands. Their continued investment in office space is a key part of their growth strategy, and we were keen to find them the best location to support their collaborative culture and ability to grow whilst providing a cohesive environment that reflects their commitment to colleagues and clients. Our team has extensive knowledge of the regional office market, and we knew that Embankment House would perfectly fit the next stage of their development.”

Innes England were joint agents in the deal.

For further information please contact Mark Tomlinson at FHP’s Nottingham Office on 07917 576 254 / mark@fhp.co.uk.

ENDS

Contact: Mark Tomlinson

Tel:          07917 576 254

Email:     mark@fhp.co.uk

Date:      September 2020

The Landlords of Resource House have now completed a Grade A refurbishment of the building having acquired the property earlier this year.  The property comprises a substantial detached office building on its own gated site on Phoenix Business Park extending to 8,438ft² with extensive car parking.

Works commenced during the Coronavirus lockdown, and a full-scale refurbishment has been carried out to include remodelling of the property both internally and externally to provide fully landscaped grounds and an internal refurbishment which includes new LED lighting, a brand new air-conditioning system, high specification kitchens on both floors and WC facilities which now incorporate showers and changing facilities suitable for occupiers with cyclists.

The property offers a large secure car park with the ability to install electric charging points as required.

Phoenix Business Park is one of Nottingham’s top performing business park locations by virtue of its access ability to both the M1 Motorway at Junction 26 and Nottingham City Centre straight down the A610.  There are regular bus routes to the site as well as a tram link directly outside the property.

This property is ideal for companies either downsizing or expanding and looking to create a self-contained HQ presence in such a regionally accessible location.

For further information, please contact Mark Tomlinson (0115 841 1134 / mark@fhp.co.uk) or Anthony Barrowcliffe (0115 841 1148 / anthony@fhp.co.uk) at FHP’s Nottingham office.

ENDS

Mark Tomlinson

Date: 20^th August 2020

London & Scottish Property Investment Management, Asset Manager on behalf of Regional REIT Limited, is undertaking an £800,000 refurbishment of 30-34 Hounds Gate in Nottingham to provide new offices for ENSEK Limited.

ENSEK is expanding its operations in Nottingham by taking 15,500 sq ft of office space over two floors in 34 Hounds Gate.

The refurbishment work, which is part of a 10-year lease agreement, will include stripping back and refitting the ground and first floors, doubling the size of the reception area, installing new air conditioning and upgrading other communal areas including the toilets.

Work will commence in late 2020 and will be completed in early 2021.

Steven Griffiths, Head of Asset Management at London & Scottish said:

“We are excited about starting work on such a comprehensive refurbishment programme. The existing office space will be stripped right back before being modernised and turned into a great place to work.”

Mark Tomlinson of FHP Property Consultants commented:

“We have been working with ENSEK for some time to source suitable premises to accommodate their expansion within Nottingham. The company has been expanding at a fantastic rate over the last few years and had a requirement to bring two separate office locations under one roof and to build further expansion into their requirements. Such is the lack of available good quality office space in Nottingham City Centre, this property was presented to ENSEK in an off-market deal subject to a full refurbishment”.

About LSPIM

London & Scottish Property Investment Management is a co-investing property development and asset management business. Headquartered in Glasgow, it has grown to become one of Scotland’s largest independent property asset managers with over 65 staff and £1bn of assets under management.

LSPIM invests in development opportunities across the commercial, residential and student housing markets. It is also the asset manager of the Regional REIT, a real estate investment trust listed on the London Stock Exchange, which has over £750m of primarily regional office and light industrial assets.

For further information, please contact Mark Tomlinson (0115 841 1134 / mark@fhp.co.uk) at FHP’s Nottingham office or Tom Govan, PR and Communications Manager at London & Scottish Property Investment Management (tom.govan@lspim.co.uk).

Chris Proctor of FHP Property Consultants put forward a detailed proposal to North West Leicestershire District Council (NWLDC) alongside several other local agents to be instructed on North West Leicestershire District Council’s Commercial Property Portfolio.

We are delighted to say we have been working with NWLDC for the past three months and are already seeing some excellent results achieved. Working with Stacey Harris and Nigel Hooper of NWLDC Property team a total of 6 deals have completed with a further 2 under offer currently.

Chris Proctor MRICS commented: –

“NWLDC had a total of 21 voids in their Commercial Property Portfolio, following a further 2 lettings due to complete this month this number will be down to 13.  Working with them in the past couple of months, we have put together a detailed marketing plan with a flexible leasing structure to allow many small businesses to benefit and progress despite the testing times.

This year has put pressure on a significant number of small businesses ability to be profitable. NWLDC are helping ease the pressure by providing good quality office & industrial space on flexible lease terms.”

If you are looking for a property in the North West Leicestershire area, please do not hesitate to contact Chris Proctor of FHP Property Consultants on 0115 841 4798 or email chris@fhp.co.uk for more information on availability.

ENDS

Anthony Barrowcliffe of FHP sold the former Boulevard Medical centre on Western Boulevard in Nottingham to Natalie Corpe the owner and founder of The Sage Therapy Centre.

The property was a former residential dwelling converted to a medical centre in 1990 and is arranged over two floors on a prominent road facing plot with a Net Internal Area of 1,389ft².

As soon as the sale completed Natalie and her team commenced works on the building internally and externally to transform the property into a fully furnished high quality treatment and therapy centre.

In total there are 10 rooms in the centre for hire, 5 talk rooms and 5 treatment rooms alongside a beautiful willow garden available for a whole range of outdoor activities.

Anthony Barrowcliffe of FHP commented:

“I enjoyed the diversity of working on a D1 (Non-Residential Institution) building and finding a suitable buyer, I targeted potential D1 occupiers and through this met Natalie who required a freehold building with a D1 use class to launch this new venture, it was a perfect fit.    

Throughout the negotiating period and legal process all parties worked tirelessly and collectively to push the sale through.”

Natalie Corpe of Sage Therapy Centre comments:

“Anthony was fantastic he worked very hard behind the scenes to ensure all parties hit the completion deadline.  FHP were extremely accommodating when it came to multiple viewings nothing was too much trouble for them.  Communication was faultless, in fact it went above and beyond.  Anthony took a genuine interest into my business and it wasn’t just a sale for them, it felt much more personal.   

The purchase and renovation project has been such a positive experience for me and I’ve learnt so many new skills from it.  It now gives me this wonderful opportunity to supply high end rental space to qualified practitioners.  It also allows the local community to access this amazing support and healing network.  

I really look forward to working with Anthony and FHP again in the future.” 

For further information on this deal please contact Anthony Barrowcliffe of FHP Property Consultants on 07557 972008 or email anthony@fhp.co.uk.

Anthony was fantastic he worked very hard behind the scenes to ensure all parties hit the completion deadline.  FHP were extremely accommodating when it came to multiple viewings nothing was too much trouble for them.  Communication was faultless, in fact it went above and beyond.  Anthony took a genuine interest into my business and it wasn’t just a sale for them, it felt much more personal.

The purchase and renovation project has been such a positive experience for me and I’ve learnt so many new skills from it.  It now gives me this wonderful opportunity to supply high end rental space to qualified practitioners.  It also allows the local community to access this amazing support and healing network.

I really look forward to working with Anthony and FHP again in the future. 

On behalf of private clients, FHP Property Consultants are delighted to announce the sale of 12 Mallard Way, Pride Park, Derby.

12 Mallard Way is situated on Pride Park, Derby’s premier business address.  The property comprises a two-storey end terraced office building with an impressive specification including air conditioning and 8 allocated parking spaces.

Darran Severn of FHP Property Consultants commented:-

“We agreed the sale of these offices back in January under very different circumstances, and I’m delighted the transaction has now completed. The property was initially placed on the market to lease, but after an approach on the freehold, the decision was made to sell.  This resulted in us achieving an excellent price breaking back to £161 per ft².

As we come out of lockdown, requirements are likely to change, and I would be more than happy to speak to any landlords or occupier to see how we can assist to make the process easier.”

For further information or to discuss how we can assist, please contact Darran Severn of FHP Property Consultants on 01332 224 854 or darran@fhp.co.uk.

I believe that there are many reasons to be optimistic about the future of office buildings and the office market generally as we come out of lockdown in a “post Coronavirus” world.

Certainly, for many the newfound ability for staff to work from home has meant that we are seeing a number of occupiers reassess what it is they want from their office going forwards. The rush to get into the office before 9:00 am to not leaving the office until dark, especially over the Winter months, is not something that many office-based workers are necessarily going to miss. The virus has taught many companies that their staff members are working very well from home and in many cases are working longer hours, saving the rush hour commute to get that extra bit of work done.

But as lockdown restrictions are eased the role of the office going forwards will become important. No longer will there be a distinction between “working from home” and “being in the office”.  Going forwards there will be a more flexible and balanced outlook across a range of workplace settings. The role of the office will change, but I believe it will be equally as important as it was before for the following reasons:

Collaboration – The office will continue to be very important for collaboration of teams, remote conferencing facilities, such as Microsoft Teams and Zoom, can only go so far in bringing a team together.  Overheard conversations and the bits of information you pick up from walking around the office are lost in the current “working from home” environment and we are seeing many companies looking to bring teams back together to boost this collaboration.

The office is a socialisation hub – I think many of us are missing the social interaction of the workplace, it breaks up the day and is good to team spirit.

Upskilling members of the team – I know from my own experience that I have learnt more from listening to colleagues and asking quick questions of colleagues within the office than I have from any form of structured training.  The role of the office should not be underestimated in the everyday upskilling of members of the team.

Staff Recruitment and New Clients – The office has a role in attracting new talent and bringing new clients in.  The presentation and attractiveness of a workplace environment plays a role in attracting good quality new talent to businesses, especially in the tech sector where sourcing talent can be so challenging.

The property industry has a role in adapting the office offering to changing occupier requirements.  Already we have seen companies change their outlook and move towards reducing fixed desking and increasing collaboration areas with a view to having a more flexible “work from anywhere” approach.

The importance of the office has not diminished but perhaps the reason and purpose of the office has changed. We are expecting to see a lot of activity in the market over the next 12-24 months while this re-assessment takes place. There will be increased scrutiny by occupiers on lease events in considering whether to renew or relocate. I suspect we will see an increase in those choosing to relocate for a variety of reasons to meet the changing operational requirements of each business.

It remains to be seen which subsectors of the office market will be the winners and losers in this changing perspective, for example we may see increasing preference for self-contained buildings where the occupier has better control over social distancing protocols, alternatively highly collaborative shared environments may be the preferred choice – only time will tell.

If you do wish to discuss your office strategy, then FHP would be delighted to help.  Similarly, if you are a landlord considering how best to approach your marketing strategy in this changing environment then we would be pleased to hear from you.

Mark Tomlinson, Director within the Office Agency Team at FHP Property Consultants.

ENDS

Contact:                  Mark Tomlinson

Tel / Email:              0115 841 1134 / mark@fhp.co.uk

Date:                       July 2020

This is a discussion I have had many times over the past few weeks.  “I need space, but I’m not sure how many people will be in the office and it may change again in a few months so what should I do?”

In this new COVID-19 world we are all a little uncertain as to what lies ahead and this includes the occupation of offices.  Over the last few weeks, we have found that some businesses who are considering an office move have been trying to establish how much space they need in the light of social distancing, desk layout, private offices and collaboration space.   Each business is different, some will find remote working suits certain staff but for others they need a presence in the office, or more likely, a combination of both.

Whilst in due course the new way of working will become clearer and more certain, some companies are looking for flexibility in the interim.  One solution could be found in large multi-let office buildings where Landlords can provide flexible terms and space to suit.  One such option in Derby is Cardinal Square which can offer a range of space including rooms for 2, 3, 5 or 8 people, through to self-contained suites of 1,000ft² or 2,000ft² up to entire floors of 6,000ft².  Smaller rooms are fully furnished, and the entire building has fibre broadband with various packages available.  There is a landscaped courtyard garden with fountains, tables and chairs for outside meetings and the availability of on-site parking and bike storage.  The Landlords can also offer short or long term leases with the ability to upsize or downsize as appropriate so there is flexibility as working practices evolve.

If you are considering your office space options and would like to have an informal discussion, then please do get in touch with Tim Richardson of FHP Property Consultants on 01332 224 857 or email timr@fhp.co.uk.

ENDS

Tim Richardson

Tel: 01332 224 857

Email: timr@fhp.co.uk

Date: 7^th July 2020

A substantial office building located on Phoenix Business Park in Nottingham has been undergoing an extensive refurbishment throughout the lockdown period and will be fully presented and completed in July of this year.

Barrowcliffe Properties, who recently acquired the building, have been undertaking the refurbishment in order to present the building to the market as a fully refurbished Grade A office option.

The property comprises a detached building with a large secure car park with 36 marked spaces on fully landscaped grounds. There is the ability to create additional parking and occupiers can install electric car charging points within the car park.

The accommodation is arranged over two floors with LED lighting, fully raised floors, air conditioning, a passenger lift and fully refitted toilets and kitchen facilities as well as a shower facility.

The building will provide 784m² (8,438ft²) of accommodation and interested parties can obtain further information from Mark Tomlinson at FHP’s Nottingham Offices on 0115 950 7577 / mark@fhp.co.uk.

ENDS

One of the largest office lettings seen in Nottingham over the past three years has been confirmed by Chancerygate on behalf of the owners of Waterfront House, Beeston Business Park, Nottingham with confirmation that Metropolitan Thames Valley Housing Trust have taken the remaining 34,500ft² of space within this 90,000ft² facility.

John Proctor of FHP, who brokered the transaction on behalf of Chancerygate, has confirmed Metropolitan Housing have entered into a long term lease on the property.

This letting now means that the entire office space within Beeston Business Park is fully occupied following last year’s announcement and confirmation that Go Daddy had taken the remainder of the ground floor (approximately 30,000ft²) as their Nottingham HQ.

Andrew Challinor of Challinor & Company represented Metropolitan with Andrew confirming:-

“The relocation of Metropolitan’s East Midlands Regional Office to Waterfront House brings together the culmination of a two year search to find a property that could provide the size and quality of space required to befit their headquarters office function in a highly accessible location.

The proximity of the Beeston Train Station, the high level of car parking provided and the quality of the open plan offices within the building ticked all those boxes”.

John Proctor, Director at FHP Property Consultants, commented:-

“Many would have thought that speculatively refurbishing some 60,000ft² of offices in an out of town location would not be a wise move.  Thankfully Chancerygate and their Investors, Bridges Fund Management, recognised that the Nottingham and East Midlands office market is starved of good quality, large floor plate, open plan offices in accessible locations.

By attracting MHT, and last year Go Daddy, they have reaped the rewards of taking such a proactive approach.

The office market within the region remains starved of good quality Grade A space which is immediately available and it is important that we continue to beat the drum that our office market has strength and requires more refurbishment of new build schemes to be implemented to enable both indigenous requirements and footloose regional / national requirements to be attracted to our region”.

Both Innes England and FHP continue to market the 16 unit new build light industrial scheme which is completing the development of the Former Siemens Business Park.

Freeths Solicitors’ Nottingham Office advised Chancerygate and Bridges, with Sharpe Pritchard LLP representing Metropolitan Housing Trust.

ENDS

Contact: John Proctor

Tel:          0115 950 7577

Email:     johnp@fhp.co.uk

Date:       April 2020

A joint venture (JV) between Chancerygate and Bridges Fund Management has fully-let its 220,274ft² Beeston Business Park in Nottingham.

The park comprises Waterfront House, a 91,895ft² multi-let Grade A office building, three industrial units totalling 128,379 sq ft and a 0.71-acre development plot.

Following an extensive refurbishment, and the letting of 26,800ft² to web giant Go Daddy last summer, all the remaining 34,500ft² of vacant space at Waterfront House has been let to housing association Metropolitan Thames Valley Housing on a 20-year lease.

Beeston Business Park’s industrial buildings are occupied by accident and repair manufacturer AW Repair Group and electronics manufacturer SMS.

Chancerygate’s head of asset management, Rory Finnan, said: “Metropolitan Thames Valley Housing’s letting at Waterfront House is one of the largest in Nottingham over the past three years which is testament to the quality of both the office space and the advantages the location offers.

“We are very proud of what has been achieved at Beeston Business Park, and this is reflected by the high calibre of occupiers we have attracted and retained on the site.

“The transformation of Beeston Business Park from a tired and empty place into a thriving mixed-use site ably demonstrates the asset, development and project management skills of the Chancerygate team and the vision of our joint venture partner, Bridges Fund Management.”

Simon Ringer, head of property funds at Bridges, added: “Beeston Business Park has been a great success for our JV and an important regeneration project within the Nottingham Enterprise Zone. All our occupiers recognise the excellence of the development as an inspiring space to work and ultimately create further employment opportunities.”

Mark Tomlinson of FHP Property Consultants commented: “FHP have acted for Chancery Gate on this scheme for some time and it is very pleasing to see how the site has been evolved over that time, from a mixture of secondary commercial buildings beyond their useful life to a new build housing scheme, brand new trade and warehouse units and the fully refurbished Grade A office building at Waterfront House.  The site now being at full occupancy following the latest 35,000ft² letting at Waterfront House to Metropolitan Housing Trust, who were advised by Challinor Property.”

FHP and Innes England are joint letting agents for Beeston Business Park.

ENDS

Contact: Mark Tomlinson

Tel:          0115 841 1134

Email:     mark@fhp.co.uk

Date:      April 2020

On behalf of clients, FHP Property Consultants are delighted to bring forward to the market this excellent quality open plan office space located in Beeston with good access to Junction 25 of the M1 Motorway and Beeston Town Centre.

The accommodation provides a single floor plate of 4,850ft² and benefits from a good quality internal fit out with full height glazed meeting rooms and excellent quality modern lighting throughout providing an excellent quality working environment. The property also has a large car park with 22 marked parking spaces.

The property is available To Let for immediate occupation and interested parties can receive further information through Mark Tomlinson at FHP on either 07917 576 254 or mark@fhp.co.uk

7th April 2020

Laurie House comprises a six storey office building which is situated in Derby City Centre just off Victoria Street.  The available accommodation spans the entire 6^th floor measuring 5,984ft² and is immediately available to lease at a rent of £24,000 per annum.

The office space is predominantly open plan and benefits from a staffed reception, lift access, WCs and several smaller partitioned rooms which could be used for meetings or as private offices.

Darran Severn from FHP Property Consultants comments:

“I’m pleased to have been instructed to market these offices, and I look forward to speaking with all interested parties.  The accommodation is ready for occupation and could suit a variety of users from traditional office occupiers to charities or agencies.  Being in the centre of Derby means there are plenty of amenities within close walking distance which will be a great benefit to staff.

 We can offer short term leases from 12 months and rents from £4.00 per ft² which is extremely competitive.”

 For further information or to arrange a viewing please contact Darran Severn of FHP Property Consultants on 01332 224 854 or email darran@fhp.co.uk

If you are looking for cost effective office space in Derbyshire, then these maybe perfect for you.  The offices are located to the north of Ripley on Asher Lane, within Asher Lane Business Park.

The accommodation is situated at ground floor level and has recently undergone a good quality refurbishment.  Access is through a self contained entrance.  The offices extend to approximately 168 m² (1,805 ft²) and are available to lease for a period of 1-3 years at a rent of £12,000 per annum.

Darran Severn from FHP Property Consultants comments:

“The offices are ready for immediate occupation and would suit any local business looking for additional space.  The accommodation is open plan and presents well, benefitting from a kitchen, store and w.c. facilities.  Not only are these offices available to rent at £1,000 per calendar month, but they also come with parking.”

 For further information or to arrange a viewing please contact Darran Severn of FHP Property Consultants on 01332 343 222 or email darran@fhp.co.uk

In a deal brokered by FHP Property Consultants, leading British game developer Bulkhead Interactive has expanded its UK operation with a move to a major 6,436ft² office facility at Cardinal Square in Derby.

The company, which was founded in 2015 by 5 University of Derby graduates, has enjoyed rapid success over the years and now employs a team of more than 30 people at its Derby studio, with further plans to expand.  The decision to relocate the company’s Derby studio to Cardinal Square comes after a period of sustained growth and the requirement for larger and better quality accommodation for its team.  The company has taken a whole floor at Cardinal Square, which has been the subject of an extensive fit-out in order to provide the best possible working environment for the team.

Cardinal Square is one of Derby’s best known office developments and occupies a prime location fronting the inner ring road and the A52 and within a short walk of the City Centre facilities.  The building has been the subject of an extensive refurbishment programme by the owners Nurton Developments providing a high quality environment, reception areas, break out facilities and modern space together with a landscaped courtyard garden.

The ground floor of the building’s West Point has been the subject of a refurbishment to create Cardinal Business Centre, which comprises 9,000ft² of serviced office accommodation.

Commenting on the move to Cardinal Square, Bulkhead CEO Joe Brammer said:

“Since entering the gaming industry, Bulkhead’s ethos has been to take care of our people.  A high quality centrally located studio space forms an important aspect of our philosophy and Cardinal Square offered exactly what we were looking for.  We have some really big plans and our new accommodation will enable us to scale up in order to achieve those goals”.

Tim Richardson from FHP Property Consultants who brokered the deal comments:

“We are delighted that Bulkhead Interactive have joined the growing number of businesses at Cardinal Square.  The convenient location, modern space and hands on approach of the Landlord makes it an attractive proposition for potential tenants.”

David Dyas, Asset Manager for Cardinal Square owner Nurton Developments added:

“Bulkhead Interactive are a dynamic business with exciting growth plans and we are delighted that they have chosen Cardinal Square for their new home.  Having a games developer housed at Cardinal Square demonstrates the broad appeal that the newly refurbished offices offers to businesses of all size and sectors.  Bulkhead were keen to move quickly and we were able to agree terms and completely re-fit within a very tight timescale”.

Joint agents on the scheme are FHP Property Consultants and Rigby and Co.

For further information about taking space at Cardinal Square please contact Tim Richardson at FHP Property Consultants on 01332 224 857 email timr@fhp.co.uk or Russell Rigby at Rigby and Co 01332 203 377 or email russellrigby@rigbyandco.com

Over the last few years it has been increasingly difficult to buy office buildings in Derby and FHP Property Consultants are pleased to be able to offer this detached property in Derby’s established Professional Quarter.

2 St James Court is located off Friar Gate, a main arterial road on the western side of the City Centre.  The 3 storey building is situated within a courtyard development providing a pleasant working environment together with onsite car parking, yet within a short walk of the City Centre facilities.  The property incorporates a lift, reception area, gas central heating and replacement double glazing and extends to a total of some 11,437ft².

Tim Richardson from FHP Property Consultants comments:

“This is an excellent opportunity to buy a detached office building and then configure it for your own use.  It is very conveniently located within Derby’s traditional Professional Quarter in a central location yet with easy access to the ring road.  With onsite parking and additional public car parks in the vicinity, together with being on a bus route and within a short walk of the City Centre, accessibility is excellent.”

For further information or to arrange a viewing please contact Tim Richardson at FHP Property Consultants on 01332 224 857 or email timr@fhp.co.uk.

A key building in the Lace Market has recently been brought back to life with a stunning office refurbishment in the historic Lace Market area of Nottingham City Centre.

1 Broadway has brought to the market just over 10,000 square feet of much needed, good quality office space encompassing open plan floor plates with a ‘stripped back’ feel of an old lace mill. The property also benefits from attractive period features such as large sash windows and cast iron columns which are complemented by a modern fit out including brand new lift access to all floors, LED lighting and exposed services. The fourth floor of the building also boasts panoramic views of the St Mary’s Church and beyond – providing a real ‘wow factor’ that just can’t be found in many other options on the market.

Such is the success of the building thus far, lettings have already been agreed for six of the seven suites available with new occupiers including The Reformer Studio, Bradstock Bourne, Integrated Transport Planning, Churchsuite and Cronofy Ltd – leaving only a 2,000 square foot opportunity on the Third Floor.

Thomas Szymkiw, who forms part of FHP’s Office Agency department commented:

“It is a pleasure to be involved in what is such a great building in the Lace Market – an area that in recent years has lost some of its key commercial buildings to residential conversion.

Due to a lack of supply, demand for good quality office space in this locality is strong – which coupled with strong rental values, means there is now real appetite amongst building owners to undertake these kind of refurbishment schemes.

It is testament to this as we already have the majority of the building let or under offer”

For more information on 1 Broadway or to arrange to take a walk around the space, please contact either Thomas Szymkiw on 07896 035 805 or thomas@fhp.co.uk.

Date:  22^nd January 2020

FHP Property Consultants acting on behalf of clients Rushcliffe Borough Council are delighted to announce the completion of the letting of Suite H at The Point Offices in West Bridgford to NutraTech Ltd.

The company was founded in 2005 and helps users achieve their weight management goals through its calorie counting app and website.

The suite provides the company with over 2,500ft² of good quality office accommodation situated on the top floor of this well regarded, prominent building located on the way into the City.

Thomas Szymkiw of FHP’s Office Agency Department commented;

“The Point Offices provide a rare opportunity for occupiers to have the best of both worlds and rent an office that is within easy reach of the city centre/train station, but also within the West Bridgford locality, with good levels of secure car parking.

I knew once I had initially spoken to Tim at NutraTech that the property would tick all the boxes and therefore pleased that they have found a new home which perfectly suits their needs going forward. It now also means that the property is fully occupied – which is a great result for our clients.

This letting concludes a number of office deals we have completed in West Bridgford in recent months and with demand in the area as strong as ever, we are continuing to see rents achieving premium values”

For more information on how FHP can help you with your office requirements, please do not hesitate to contact Thomas Szymkiw on 0115 841 1159 or thomas@fhp.co.uk.

Thomas Szymkiw

Date:  20^th January 2020

The bustling town of Chesterfield in North Derbyshire is a prime example of an innovative and thriving location making the most of its industrial heritage and accessible locatIon, being a short distance from the M1 Motorway.

FHP Property Consultants have been very active in the area marketing a number of schemes across the office, industrial and retail sectors in particular.  Tim Richardson of FHP Property Consultants comments:

“We are delighted to have been recently instructed on the high profile Chesterfield Waterside Scheme, which is a major regeneration project.  The first phase, Basin Square will provide a new build office where we have space coming available from 2,500ft² upwards and will sit within a courtyard environment together with a hotel, multi storey car park, ground floor retail/leisure and PRS residential development.  In addition, the team has a variety of other properties available in the area including shops, industrial units and development land.”

 At Brodi Park on the Sheepbridge Industrial Estate FHP Property Consultants are marketing a new development of industrial units providing space from 1,895ft² to 8,580ft² on new leases within a securely fenced and gated site.  To the south of the town at Clay Cross, Chris Proctor of FHP Property Consultants has had great success with the Railway View Business Park with recent lettings in the second phase to Edie Fabwrox and C & C Vehicle Services and terms being agreed on a further new build units there.

At Coney Green nearby, FHP are marketing 2 storey business units at Church View providing opportunities for a flexible bespoke fitout in units from 2,100ft².

Industrial land is in scarce supply, but there is an excellent opportunity just to the south of Chesterfield near the A617 at Grassmoor where up to 14 acres with outline consent for industrial/business space development is available either to buy as individual serviced plots, or as bespoke buildings on a turnkey basis.  Tim Richardson from FHP Property Consultants adds:

 “It is very difficult these days to obtain plots of land for your own use and we are able to offer sites from 1 acre.  Indeed interest in these from companies in Chesterfield has been very good and our client is due to start work on the infrastructure in 2020 so we would encourage potentially interested parties to get in touch.  We already have good interest in just over half of the site”.

 As a further example of the shortage in supply of land in this area for commercial or industrial purposes, FHP have recently been called upon as an expert witness at a planning inquiry in North East Derbyshire to demonstrate the demand for such plots and the limited availability.

To receive our latest bulletin on the Chesterfield area or to discuss your property or requirements, forthcoming rent review, lease renewal, rating issue or valuation need then please contact in the first instance Tim Richardson at FHP Property Consultants on 01332 343 222 or timr@fhp.co.uk.

FHP Property Consultants have recently concluded the sale of Davy House on Phoenix Business Park in Nottingham leased by Storefeeder, a company wholly owned by the Royal Mail Group.  The property was substantially refurbished prior to Storefeeder taking occupation in 2019 and the investment has subsequently been sold.

The property was lease at passing rent of £91,140 per annum and has been purchased by the Trustees of the Sir Robert Douglas’ Will Trust at a price reflecting a net initial yield of 6.9%.

For further information please contact Mark Tomlinson of FHP Property Consultants.  Fisher German LLP acted on behalf of the purchasers.

FHP Property Consultants are pleased to announce the recent letting of 10 High Street, Alfreton to Stephen Toon Hearing Centre.

10 High Street is situated in the centre of Alfreton and comprises a detached office building with frontage to the High Street.

Stephen Toon Hearing have signed a new 5 year lease and are set to open early next year.

Darran Severn of FHP Property Consultants comments:

“10 High Street was originally built for the Post Office and has more recently been occupied by Derby College.  The property provides good office accommodation over two floors and benefits from a private car park to the rear. 

 It’s been a great result for all involved.  We were able to complete the lease within one week of Derby College vacating the property, therefore keeping any void period to an absolute minimum.”

 Stephen Toon of Stephen Toon Hearing Centre comments:

 “We are really looking forward to moving our family run business to 10 High Street, Alfreton.  With the big car park, and disabled access it’s perfect for what we need. We are hoping to be opening at the beginning of February”.

For further information then please contact Darran Severn of FHP Property Consultants on 01332 343 222 or darran@fhp.co.uk.

Following many years in the planning, a major regeneration scheme in a Derbyshire town is about to start, with construction of the first building due to commence in the New Year.

Chesterfield Waterside is an exciting £340m high quality mixed use scheme set on a canalside environment, situated on the edge of the town centre and directly adjacent to the mainline railway station.  Built across 16 hectares, the development will revitalise the eastern side of Chesterfield on an unprecedented scale for the town.

The first commercial element is Basin Square and will comprise a detached office building, hotel, 350 built to rent apartments and a multistorey car park.

Development will commence shortly on circa 35,000ft² of Grade A office accommodation, which will be the first step in delivering the Chesterfield Waterside vision.  FHP Property Consultants and Knight Frank have been appointed as letting agents for the offices.

The 7 storey building can provide floorplates to suit requirements from 2,500ft² upwards and the agents are pleased to confirm that 4 floors are already under offer with terms agreed, leaving up to 16,410ft² available.  The accommodation will be finished to a Grade A specification incorporating 2 passenger lifts, raised access flooring, air conditioning, LED lighting, high quality entrance foyer, showers and cycle parking facilities onsite.

The project is being delivered by Chesterfield Waterside Limited which is a joint venture between Bolsterstone Group, Laver Regeneration and Chesterfield Borough Council.

For information please contact Tim Richardson at FHP Property Consultants 01332 343 222 or Peter Whiteley at Knight Frank on 0114 272 9750.

The office sits in a prime position fronting Nottingham’s Ring Road, benefitting from access to the City Centre and the A52, with quick routes to Junctions 24, 25 & 26 of the M1 Motorway.

The office specification consists of a 2 storey fully fitted office accommodation with central heating/air conditioning, suspended ceilings and perimeter trunking alongside good levels of car parking.  The office measures 324m² (3,493ft²) set over two floors and is available immediately.

Anthony Barrowcliffe & Thomas Szymkiw comments:-

“Excellent office accommodation well situated logistically and well presented for immediate tenant occupation at a competitive price.”

For further information on this property please do not hesitate to contact Anthony Barrowcliffe on 0115 841 1148 or email anthony@fhp.co.uk or Thomas Szymkiw 0115 841 1159 or email thomas@fhp.co.uk.

FHP Property Consultants have topped the Radius Data Exchange Nottingham Office Disposals League Table for the seventh year running, towering above the competition having transacted 452,186ft² of office space in greater Nottingham alone over 51 deals.

FHP acted on the stand out deal of the year, the 278,000ft² pre let of Unity Square to HM Revenue & Customs on behalf of Sladen Estates.

Other notable deals transacted by FHP include letting of 1 Royal Standard Place to the University of Law of some 28,885ft² pushing headline rents in Nottingham through the £20 per ft² barrier, a key milestone for the City.  FHP also acted on behalf of Chancery Gate in the letting of Waterfront House at Beeston Business Park to Go Daddy of 26,775ft².

The take up in Nottingham as a whole increased in 2019 as a result of these major deals, but there continues to be a significant lack of supply of offices in and around Nottingham City Centre and especially in the city core itself.  FHP are working on bringing forwards a number of refurbished schemes into 2020 and already have substantial pre-lets in place on much of the pipeline stock and as such the squeeze on available supply is set to continue.  Given the low supply levels squeeze we are seeing an increase in headline rents, with many new projects coming forwards likely to be pushing through £20 per ft².

For further information on the Nottingham Office Market please contact Mark Tomlinson or John Proctor in FHP’s Nottingham Office.

FHP Property Consultants are pleased to announce the recent sale of 10 Normanton Road, Derby to Derby City Mission.  The property was originally built in 1935 and comprises a detached two storey office building which extends to approximately 10,989ft².

Darran Severn of FHP Property Consultants comments: –

“10 Normanton Road is a fantastic building which sits in a highly prominent position.  We received lots of interest from a variety of different users.  Following a period of marketing, we invited best bids and successfully secured an offer at the quoting price.  Overall a great result for all parties.”

Derby City Mission will occupy the property themselves in a move to grow their presence and services in the City.

Julio Abraham from Derby City Mission comments:

 “We are delighted to be taking possession of 10 Normanton Road, a building that has served the City well for over 80 years.  As well as this building being our HQ, we look to move Safe Space and new services to heal and empower those most in need. We are planning to open a Community Wellness Café that will be central to all we do.  For more information on how you can partner with us please visit our website www.derbycitymission.org.uk.”

For further information please contact Darran Severn of FHP Property Consultants on 01332 343 222 or darran@fhp.co.uk.

FHP Property Consultants, who were instructed to sell for Nottingham College the 19.3 Acre former Central College Site at Farnborough Road Clifton, the 2.2 Acre Clarendon College Site fronting Mansfield Road and the 3.73 Acre former Broxtowe College Site on Chilwell High Road, have now called for “Best Bids” for October 15th.

John Proctor of FHP, who leads on the project, said “We have been marketing the 3 sites over the summer generating significant interest from a whole variety of sectors from Religious Groups to Retailers, House Builders to Student Developers, from Amateur to Professional Sports Clubs, as well as Education and Office Occupiers and so it was felt a “Best Bids” scenario on an “Unconditional Basis” in terms of planning was the way forward.”

David Hargreaves of FHP said:  “The 19.3 Acres at Clifton is available immediately, whilst Clarendon and Beeston will become vacant in September/October 2020 when the new £58million Nottingham College City Hub opens next to the Intu Broadmarsh Shopping Centre and Lace Market district.”

FHP Property Consultants and Eversheds Sutherland are advising Nottingham College.

Further details on all 3 sites are available by going to www.fhp.co.uk

End

8 October 2019

Interchange 25 Business Park, which lies just off Junction 25 of the M1 Motorway in Nottinghamshire has recently achieved full occupancy with the latest string of lettings on the park.  The Business Park itself comprises 8 detached self contained office buildings which are multi let to occupiers such as Air IT, Games Tech, Nurture Fertility and Arthur McKay Building Services.

The estate is owned and managed by Hortons Estate, an independent property company with a substantial investment and development portfolio containing office, industrial, retail and leisure assets located throughout the Midlands.

Hortons have undertaken a series of refurbishments on the site to reposition the assets within the market in order to reach full occupancy and to drive rental values.

Jeremy Boothroyd of Hortons Estates commented:-

“Our comprehensive refurbishment programme has been justified.  We now have an enviable tenant roster at the business park, and a highly attractive asset.”

Mark Tomlinson of FHP Property Consultants, who acts on behalf of Hortons Estate on the scheme: –

“Since our involvement as agents on this scheme, we have brought forwards tenants such as Arthur McKay Building Services, Colby Associates and Air IT.  The landlords have undertaken a series of refurbishments of the individual buildings as well as maintaining a very well managed secure site.  Most of the buildings have been refurbished to provide LED lighting, air conditioning as well as upgrading the welfare facilities and reception areas within the buildings.  As a result we have seen headline rental values improve by up to 25% over the last 3 years.”

A major office complex in Nottingham city centre has been sold in a £7m deal.

BizSpace, the flexible workspace provider, has bought 31-35 Park Row, which includes three buildings totalling 52,600 sq ft.

BizSpace says it has bought the three buildings with a view to an immediate £1.8m refurbishment of 35 Park Row, which is currently vacant, into a business centre space. The remaining two buildings are currently occupied by Lloyds Bank and KPMG.

Emma Long, commercial director at BizSpace said:

“Our acquisition of Nottingham Park Row reflects our expanding business and the increasing demand we’re seeing for high-quality, flexible office space in the regions. With more people going freelance or setting up their own businesses, Nottingham is becoming an increasingly attractive hub for start-ups and, with around 3 million people living within an hour’s drive and our two other centres here already full, we anticipate strong take-up when we open early next year.”

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

“The refurbishment of 35 Park Row will provide some of the badly needed office space sought by occupiers in Nottingham City Centre. This will see some 23,000 sq ft of Grade A space brought to the market in the early part of 2020.

We are delighted to have secured this deal for our clients.”

Barry Riley of Alstonefield Real Estate acted of behalf of BizSpace in the deal.

RDC Aviation, a Nottingham based aviation technology and analytics company has expanded its operations within Nottingham taking new offices in the Imperial Buildings on Victoria Street.

The offices have been recently refurbished to provide an industrial style office specification.

RDC currently employs 22 staff and plans to expand their team to over 30 in the coming years and this building will enable them to accommodate that expansion.

Mark Tomlinson of FHP Property Consultants, who acted on behalf of the landlord’s in advising on the refurbishment and the letting of the space commented:

“There is an increasing shortage of good quality space of this type in Nottingham City Centre and a good depth of demand, with an increasing trend for companies to be located in City Centre buildings.  We received good levels of interest in this space and plan to refurbish further accommodation within the building in due course. 

RDC Aviation is an excellent quality tenant for my client, and we are delighted to have secured them within this building.”

Sean Bremner of Commercial Property Partners who acted on behalf of RDC commented:

“The search was challenging mainly due to the lack of credible options, however, we immediately recognised Imperial Buildings as a great opportunity to meet the client’s brief and reacted to secure the space.  The specification and layout provides RDC with a flexible working environment and potential for growth.”  

Peter Hind, Chief Executive at RDC Aviation commented:

“We are delighted to have agreed terms on such an iconic building in a great location. We are excited about making it into a vibrant new home for the business.”