October Deals Update

Published on: 4th October 2017

After a busy period during the Summer months we enjoyed continued success in September with a number of deals and new instructions across our national office network.

It was announced that the Peak District National Park is set to welcome its first new build hotel since the park's creation in 1951, following a landslide decision by planners for a new tourist development. Our Leeds team are marketing the development site and you can view the property listing here. 

In Newcastle our agency team acted on behalf of McAleer and Rushe, alongside Steerforth Partners on an investment deal that saw the Jury’s Inn Hotel in Newcastle city centre, sold in an investment deal worth £20million

Following a raft of recent client successes we have bolstered our Newcastle team with the addition of three graduate surveyors, a trainee surveyor and an architectural assistant.

We have recently grown our holiday and caravan team with the appointment of Lee Southan, who joins us a senior surveyor. The caravan park market continues to capitalise on buoyant trading conditions with our specialist caravan and holiday park teams agreeing in excess of £40m worth of sales over the past nine months.

During September our team were instructed to sell Silver Glades Caravan Park on the Isle of Wight, this is the first time that the idyllic holiday park has been available in the last 15 years.

Our Teesside office has enjoyed a busy third quarter working with property occupiers, owners and investors across the region – click here to see what they have been upto. 

In the Leeds residential market there has been a recent increase in demand for high quality rental properties in Leeds. With plenty going on in Leeds at the moment and a raft of new properties on the market the has never been a better time to move to the city. Our residential sales and letting expert, Diana Warr, discusses the current state of the market

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Growth of national holiday and caravan park team

We have recently grown our holiday and caravan park team with the appointment of Lee Southan, who joins us as a senior surveyor. The caravan park market continues to capitalise on buoyant trading conditions with our specialist caravan and holiday park teams agreeing in excess of £40M worth of sales over the past nine months. Commenting on current market conditions, Chris Tucker, partner in our Exeter office said, “We are predicting that these strong trading conditions will continue, which will further reinforce the high value of parks and demand for well performing businesses.

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Planners give green light to first New Peak District National Park hotel in 66 years

The Peak District National Park is set to have its first new build hotel since the park was created in 1951, following a landslide decision by planners for a new tourist development. The development will provide an important additional visitor facility and hotel for the National Park, which gets 12 million visitors each year, and currently suffers from an immense undersupply of hotel accommodation.

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Jury's Inn Hotel in Newcastle sold in investment deal worth £20million

Palace Capital, a UK property investment company, have acquired SM Newcastle in an investment deal worth £20million. SM Newcastle own a number of freehold assets in the North East, including Mcleer and Rushe's 1,2 and 3 St James Gate and the adjoining Jurys Inn Hotel, in Newcastle City Centre.

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Five Northumbria University students bolster our Newcastle team

We have recently strengthened our Newcastle team with the addition of three graduate surveyors, a trainee surveyor and an architectural assistant. The appointments follow a raft of recent client successes, including re-appointment as Non Domestic Rating advisors to 3 of the region’s major universities, a number of interesting appointments across industrial, commercial and leisure sectors for the architectural team and a significantly increased volume of valuation instructions from all the banks.. Tom Hall joins our property management team as a graduate surveyor, having recently completed his MSc Real Estate course at Northumbria University. Prior to completing his masters course, Tom graduated with a 2:1 in History from the same university and gained property experience in agency and valuation at Gateshead Council and Lambert Smith Hampton.

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Teesside office has busy quarter thanks to active property market

Our Teesside office has enjoyed a busy third quarter working with property occupiers, owners and investors across the region. Over the past three months we have been instructed to market just over 40,000 sq ft of industrial, retail and office space in Teesside, bringing some new stock to the market following a raft of acquisitions earlier this year. George Williams, agent in our Teesside office, commented, “Despite traditionally being a quieter time of year we have experienced an active market with high levels of demand for a number of properties, and are delighted to have seen some key deals get over the line.

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Increase in demand for high quality rental properties in Leeds

With plenty going on in Leeds at the moment and a raft of new properties on the market there has never been a better time to move to the city centre. Diana Warr, residential sales and lettings expert discusses the current state of the Leeds residential property market. “At the start of the year there were predictions of a slower market with the anticipated rise in inflation, lower wages and of course, the political uncertainty all expected to have a negative effect on demand and supply. This year however, the Leeds market has, as it always does, proved it’s resilience with increased numbers displaying an interest in moving to the city.

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Idyllic holiday park on the Isle of Wight available for the first time in 15 years

Our specialist caravan and holiday parks division has been appointed to sell Silver Glades Caravan Park on the Isle of Wight. The Isle of Wight is a very attractive destination for UK holiday makers with traditional seaside towns, sandy beaches, picturesque countryside and numerous attractions.

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Grade A office space available in the heart of Leeds city centre

Located in Pinnacle, one of Leeds’ most desirable office locations, we currently have 5,100 sq ft of Grade A office space available to let by way of sub-lease/assignment. Situated strategically between the city’s retail and commercial districts Pinnacle occupies an enviable location with Trinity Shopping Centre, Victoria Gate, City Square and Leeds train station all within a five-minute walk.

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Office agency team appointed joint letting agent on Park Row House

PGIM Real Estate has appointed our office agency team in Leeds as joint letting agent on Park Row House, a Grade II listed office building in Leeds City Centre. Approximately 15,400 sq ft of grade A office space is available in the newly refurbished, 30,800 sq ft multi-let building. We are marketing the space alongside CBRE. Our head of office agency, Richard Dunn, said; “We’re delighted to offer this fantastic new office space to the market. Located in the heart of the city’s business district, the stunning Victorian building offers high quality, flexible office accommodation, and the recent refurbishment has created a superb modern interior with top end finishes.”

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