Case Study: Former British Railway Board site sold to Education Funding Agency

Published on: 22nd June 2016

Our Corporate Real Estate department has been instrumental in the sale of a 25,000 sq ft former British Railway Board site in Derby, to the Education Funding Agency acting on behalf of Al Madinah School.

Formerly used by the British Railway Board as a site to develop railway technologies, prior to its privatisation in the 1990s, the Faraday and Harley House site includes a mixture of both clerical and industrial buildings.

London and Continental Railways' property manager, Steve White, said: “We’re delighted with the terms of sale Sanderson Weatherall was able to achieve for the Faraday and Harley House site.
 
“The buildings have a long history and it’s great to know they’re being repurposed as a school, a move that will keep the building occupied for many more years to come.”
 
Luke Barrett, associate partner in our Corporate Real Estate team said: “The sale of Faraday and Harley House site presented some interesting obstacles to overcome. The property is unusual, being a mix of office, lab and workshop space, and having quite a basic specification meaning the market on the basis of the existing use was quite limited. However, the property has attributes making it very well suited for a school and I’m delighted that Al Madinah School has located a property that matches its requirements so well.
 
Faraday and Harley House is currently being refurbished ahead of Al Madinah School opening its doors at the start of the 2016/17 academic year, in September.

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Corporate Real Estate

Sanderson Weatherall offers a “one stop shop” for the corporate occupier, providing them with a single point of access to a fully co-ordinated range of skilled and specialist services. This can range from undertaking a single, specific instruction to a comprehensive outsourcing service, encompassing all property advice. For our major corporate clients we design a bespoke package tailored to meet their particular business needs and individual requirements. Our Services Include: Strategic Management Business planning at a strategic level including rationalisation/relocation Assessing the impact of property decisions on business and profitability Minimising occupation costs and maximising operational flexibility Outsourcing Comprehensive and co-ordinated service for all advice From a complete portfolio to a single property instruction Professional Services Asset management and enhancement Valuations for company accounts, MBO’s, raising finance, taxation, rating, etc Rent reviews, lease renewals and lease monitoring and restructuring Acquisitions and Disposals Property searches, market overviews and research Investigation of alternative uses and marketing of surplus property A fully co-ordinated “turn-key” service for the development of new operational facilities including site identification, planning, building design and construction.   Contact Us

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