Latest News

Glass House revitalises the famous Union Rooms in Newcastle City Centre

Published on: 2nd March 2017 Today the doors to Union Rooms are opened for the first time by new owners, Glass House. It is over two years since we completed the letting of the first Glass House venue on Dean Street, Newcastle, a venture which has proved to be a welcome addition to the ever-expanding Newcastle Leisure market. Glass House offers customers an experience unlike many others, with a wide selection of wines, continental beers, an unrivalled selection of the finest whiskeys and an ever-evolving cocktail menu in a glamourous setting.

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Landmark Supreme Court Ruling on Business Rates

Published on: 1st March 2017 On March 1st a landmark ruling by the UK Supreme Court resolved whether owners of commercial properties will need to pay business rates during renovation or development work. Our rating team first started work on the S J & J Monk v Newbigin case in 2013, when the Valuation Office Agency stated they would base the rateable value of an office, during renovation and subdivision, on its pre-scheme rateable value. The decision meant that the owners, S J & J Monk, still had to pay business rates on the 15,000 sq ft Sunderland office space, with a rateable value of £102,000, despite it having being stripped to a shell and unable to be occupied during the renovation.

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March Deals Update

Published on: 1st March 2017 With deals completed across a number of sectors in February, we have continued our good start to the year. Here is a summary of our recent deals and instructions from across our office network. Our Manchester agency team have finalised a number of deals across a variety of sectors in the region. Acting on behalf of corporate finance advisors, Duff and Phelps we sold a freehold residential investment in Liverpool in excess of the asking price. The team were also instrumental in the sale of a residential development site in Tintwistle and a 13,000 sq ft office space in Preston. In the North East our Teesside agency team closed a deal on a 5,210 sq ft unit at Durham Lane Industrial Park within just one week of the property going on the market. Our North East retail agency team have recently been appointed as letting agents on 37 units at Hebburn Shopping Centre, a site which is currently undergoing a £2.4million refurbishment.

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Six things you have to do in Leeds this year

Published on: 1st March 2017 2017 is already in full swing and with Easter fast approaching we have collected a list of six must dos in Leeds city centre this year. There is something for everyone in our list, as we include food, drink, local attractions and culture as well as everything in between. 1. Visit Victoria Gate Leeds’ newest shopping centre opened in October 2016 and is a must visit if you live in the city. The shopping centre’s flagship store is the impressive 170,000 sq ft John Lewis store, spreadacross five floors the shop provides customers with an engaging and entertaining experience. The John Lewis superstore is supported by a further 23 outlets in Victoria Gate, 17 of which are new to Leeds, as well as a number of cafés, bars and restaurants.

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In the spotlight - La Bottega Milanese

Published on: 1st March 2017 La Bottega Milanese was Leeds’ first late night coffee shop and has quickly made a name for itself as one of the go-to shops in Leeds. With a mantra like ‘If it’s not from Italy it’s from Yorkshire’ the brand was always going to be a big a hit with locals. Their signature La Classica blend of coffee is roasted in Yorkshire, their bread is baked by a local co-operative and their fruit and veg sourced from Leeds Markets. The founder, Alex Galantino, originally from Milan saw a gap in the Leeds market for good quality, authentic coffee and in 2009 he opened his first store on The Calls. La Bottega Milanese quickly grew in popularity and in 2011, moved to a larger store in The Light complex to account for increased demand.

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Howdens Joinery opens new unit at Barsnley Trade Park

Published on: 27th February 2017 Our Leeds-based agency team has let a 10,000 sq ft Barnsley Trade Park unit to Howdens Joinery. Howdens Joinery, the UK’s largest manufacturer and supplier of kitchens and appliances, has let the newly built trade unit on a 10 year lease. Jonathon White,industrial agent at in our Leeds team said, “Howdens Joinery is a great addition to this incredibly popular development. Despite being built during some challenging political and economic times, Barnsley Trade Park has been a huge success, which istestament to both its location andhigh quality units.”

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Business rates revaluation – don’t leave it too late

Published on: 27th February 2017 From April 2017, the business rates revaluation will result in thousands of business seeing a change in the rateable values of their properties, and the leisure sector will be significantly affected. Tim Dyson, business rates expert, discusses the changes and how they could impact owners of leisure properties in the North East.  Unlike many property sectors in the North East, leisure has performed reasonably well in recent years, and this may be a key factor in the calculation of rateable values. As these are based on values from two years ago, much could have changed in prior years or since then, and itis therefore essential that these are as accurate as possible – this may mean amending the facts or dismissing estimates.

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Former Dews Motor Group Site sold to Hallmark Developments

Published on: 23rd February 2017 Acting on behalf of the joint liquidators of Dews Motor Group Ltd, our Leeds agency team has sold a 1.6 acres site in Northgate, Halifax to Hallmark Developments. Jonathon White, industrial agent in our Leeds team said, “The Dews Motor Group site provides a fantastic opportunity for Hallmark Developments, with extensive roadside frontage on a major route into Halifax town centre.

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South West Industrial Estate, Peterlee Unit let to Holcrofts

Published on: 23rd February 2017 Acting on behalf of Logicor, our Newcastle agency team has let a 6,218 sq ft unit at South West Industrial Estate, County Durham to Holcrofts. Holcrofts, the fruit and vegetable wholesaler, has taken the unit, located on Winchester Drive in Peterlee, on a 15 year lease. Robert Patterson, head of our agency team said, “We are delighted to have secured Holcrofts as a tenant for Logicor’s unit on Winchester Drive.

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