October Deals Update

Station Place Development, County Durham
Published on: 2nd October 2018

We have recently moved our London office to a Grade II listed building in the heart of the City. We have acquired the first floor of 13 Austin Friars, on a three-year lease, as part of our growth strategy in London. Click here to read more about our move. 

To accommodate our increasing client base in the North East and further afield, we have recently strengthened our valuation offering with three key appointments

In the run up to the Ryder Cup last month a team from our Leeds office hosted a Ryder Cup themed event at Howley Hall Golf Club. Sixteen people took part and fittingly team Europe, captained by Neil Bestwick won the event. 

Last month our specialist machinery and business assets team sold the assets from Poundworld Retail Ltd headquarters, raising in excess of £450,000 at online auction.

Our holiday and caravan park specialists sold Smugglers End Caravan Park, a small park located adjacent to Winchelsea Beach, a popular seaside village in East Sussex.

On Tuesday 18th September a team made up of property experts from across our office and key clients attended the ‘Best of the Best Students Awards Dinner’, which was held at Claridge’s, a 5-star hotel at the corner of Brook Street and Davies Street in Mayfair, London.

Further summer deals completed for August & September from our holiday and caravan park team working across the country. Of particular note were the sales of Woodlands Mobile Homes Park in Swansea, Quarry Rock Mobile Home Park, Bath and Kingsway Mobile Home Park, Bristol which were sold in off-market transactions.

Following a successful period of marketing our specialist holiday and caravan park team also sold Smugglers End Caravan Park, Sussex a holiday park with consent for 10 static caravans.

Teesside’s property market continues to display its resilience, with confidence high and lenders investing more throughout the region, as well as strong new developments and schemes entering the market across a broad range of sectors. Read more on our review of the Teesside commercial property market here. 

At the start of September our North-East valuation team invited clients and professional contacts on a bus tour, looking at key commercial property sites across the region. 

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London team move into new office

We have recently moved our London office to a Grade II listed building in the heart of the City. We have acquired the first floor of 13 Austin Friars, on a three-year lease, as part of our growth strategy in London. Having previously occupied offices in the West End for 15 years, the new premises provides the team of 15 with larger and better specified space, locating us closer to our growing number of banking and institutional clients.

Read More....

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We have recently moved our London office to a Grade II listed building in the heart of the City. We have acquired the first floor of 13 Austin Friars, on a three-year lease, as part of our growth strategy in London.

Having previously occupied offices in the West End for 15 years, the new premises provides the team of 15 with larger and better specified space, locating us closer to our growing number of banking and institutional clients.

[fulltext] =>

The move also comes following a number of new contract wins in and around London, as well as our appointment on the Crown Commercial Service framework which led to the creation of our dedicated public sector advisory team.

Matthew Midwinter, head of our London office commented, “Austin Friars is a fantastic new location for our office and provides the footprint to continue our success and deliver on our growth strategy within a great work environment.

We have expanded across all disciplines in London and provide a full suite of services to our clients across the region and I am excited to welcome more people to the team as that growth continues.”

Earlier this year, we also relocated our Leeds office to the £100million Central Square development in Leeds city centre.

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SW hold Ryder Cup event at Howley Hall Golf Club

In anticipation of the Ryder Cup teeing off in Paris on Friday 28th September, a team from our Leeds office hosted a Ryder Cup themed event at Howley Hall Golf Club yesterday. Sixteen people took part, with eight representing Europe and eight representing USA, the teams (looking resplendent in team colours of blue and red) included SW hosts Neil Bestwick, Robert Wilkinson, Craig Watson and Richard Parkin and a selection of clients from PwC, KPMG, BHP Corporate Solutions, FRP Advisory, ABN Amro, Reward Finance, Shawbrook Bank, Bibby Financial Services, Close Bros and PR Booth & Co.

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In anticipation of the Ryder Cup teeing off in Paris on Friday 28th September, a team from our Leeds office hosted a Ryder Cup themed event at Howley Hall Golf Club yesterday.

Sixteen people took part, with eight representing Europe and eight representing USA, the teams (looking resplendent in team colours of blue and red) included SW hosts Neil Bestwick, Robert Wilkinson, Craig Watson and Richard Parkin and a selection of clients from PwC, KPMG, BHP Corporate Solutions, FRP Advisory, ABN Amro, Reward Finance, Shawbrook Bank, Bibby Financial Services, Close Bros and PR Booth & Co.

[fulltext] =>

Congratulations to team Europe who, captained by Neil Bestwick, won the event 4 ½ points to 3 ½ points with the cup being presented by the Captain of Team USA Richard Parkin!

£200 will be donated to the winning team’s chosen charity, Macmillan Cancer Support.

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SW North East bus tour a resounding success

Earlier this month our North-East Valuation team invited clients and professional contacts on a bus tour, looking at key commercial property sites across the region. The tour began at our Grey Street office in Newcastle city centre and then the bus took the 46 guests to North & South Tyneside, Washington, Sunderland before finishing up at Bealim House, for food, drinks and some informal networking.

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Earlier this month our North-East Valuation team invited clients and professional contacts on a bus tour, looking at key commercial property sites across the region.

The tour began at our Grey Street office in Newcastle city centre and then the bus took the 46 guests to North & South Tyneside, Washington, Sunderland before finishing up at Bealim House, for food, drinks and some informal networking.

[fulltext] =>

The standout features and themes for the tour were the influence of the public sector on the North East commercial property market. There was a focus on the South Shields Town Centre regeneration, Sunderland Strategic Transport Corridor CPO, North Tyneside Enterprise Zones, the A19/Silverlink Interchange CPO and NELEP investment in the Sunderland International Advance Manufacturing Park (Sunderland IAMP).

David Downing, head of our valuation team in the North East and organiser of the tour commented, ““It’s been 4 years since we last did a bus tour for clients and perhaps it therefore comes as no surprise there have been some significant changes in the market. As we prepared the route the one overarching theme that stood out a mile was the influence public sector investment has had on the market over this time. The increased use of CPO powers to bring forward regeneration projects, public sector grant and loan funding to bring propagate private sector development has been a real driver for development in the north east over the last few years, bringing much needed construction activity.”

We’ve already received some brilliant feedback and have a highlighted some included some quotes below:

David Leech, Corporate Manager at Handelsbanken “Just wanted to say a massive thank you for today's trip around the area. It was really interesting and very informative.”

Neil Simpson, Relationship Manager at Royal Bank of Scotland, “Thanks again for the invite and David, I found the content and areas visited an excellent mix and a great way for me to get a general update on the local market which is very useful for me.”

Tom Wills, partner at Sinton LLP, "Thank you again so much for your hospitality yesterday. The trip was fantastic and incredibly interesting. Seeing inside the port of Tyne was also really special.”

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Poundworld assets auctions a huge success

The assets of Poundworld Retail Ltd headquarters have been sold, raising in excess of £450,000 at online auction. Our specialist machinery and business assets team were instructed by Deloitte, administrators of Poundworld Retail Limited following the firm entering administration earlier this year.

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The assets of Poundworld Retail Ltd headquarters have been sold, raising in excess of £450,000 at online auction.

Our specialist machinery and business assets team were instructed by Deloitte, administrators of Poundworld Retail Limited following the firm entering administration earlier this year.

[fulltext] =>

The sale included over 1,200 lots with modern distribution equipment, IT equipment, office furniture and point of sale stock all being sold via Bidspotter.co.uk, the online auction site.

The sale concluded on Wednesday 22nd August following two days of competitive bidding between over 500 registered bidders from eight different countries.

Andrew Cromack, Surveyor & RICS Registered Valuer in our Leeds machinery and business assets team commented on the successful sale, “With it being a fairly high profile job we expected to receive high levels of interest and the quality of the lots on offer enabled us to surpass all expectations on the total sale figure.

"The sale generated over 19,000 individual bids which reflects how competitive the bidding was. The sale was packed with high-quality items and it was nice to see two individual lots selling in excess of £50,000 each.’’

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Sanderson Weatherall proud to support WIP National Student Awards

Earlier this week (Tuesday 18th September) we attended the 12th annual ‘Best of the Best Student Awards Dinner’ which was held at Claridge’s, a 5-star hotel at the corner of Brook Street and Davies Street in Mayfair, London. As part of her role of Women in Property (WIP) chairman Jo Williams, partner in our Bristol office was fortunate enough to be asked to prepare a speech to the event that was attended by a number of the property industry’s most influential individuals.

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Earlier this week (Tuesday 18th September) we attended the 12th annual ‘Best of the Best Student Awards Dinner’ which was held at Claridge’s, a 5-star hotel at the corner of Brook Street and Davies Street in Mayfair, London.

As part of her role of Women in Property (WIP) chairman Jo Williams, partner in our Bristol office was fortunate enough to be asked to prepare a speech to the event that was attended by a number of the property industry’s most influential individuals.

[fulltext] =>

We were delighted to take a table, comprising of property experts from across our offices and a few key clients, in support of the event, and support of Jo.

The National Student Awards seek out the best and the brightest Built Environment students across the UK. Over the past 12 years, over 1000 students have been through the programme which explores their coursework, tests their industry knowledge and pushes them to develop their interpersonal skills.

There were several incredible regional finalists for the Best of the Best award but there could only be one winner. Congratulations Katie McManus who studies real estate at Sheffield Hallam.

Commenting on the event, Jo commented, “The Best of the Best awards are always one of the standout events in the Women In Property calendar and this year definitely lived up to the high standards.

“It was great to be able to speak in front of many of my peers and I was honoured to be able to present the Best of the Best award to Katie. Katie answered all the questions asked of her and more, showing a knowledge of topical issues such as the gender pay gap, diversity, and LGBT. She knew all about building her network and even talked about how she’d stalked us judges on LinkedIn! We all agreed that Katie possessed great ambassador material and we all the judges felt that we’d love her as part of our team, and thought she’d be great fun to go for a drink with!”

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Offers invited for student housing scheme in Middlesbrough

The 0.3-acre site is located just off Linthorpe Road, one of the main arterial routes through the centre of Middlesbrough. Planning permission has already been granted for a 72-bed student housing scheme on the site, which has been cleared ready for development.

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stdClass Object ( [state] => 1 [modified] => 2018-09-18 16:01:16 [id] => 1589 [asset_id] => 1957 [title] => Offers invited for student housing scheme in Middlesbrough [alias] => offers-invited-for-student-housing-scheme-in-middlesbrough [introtext] =>

The 0.3-acre site is located just off Linthorpe Road, one of the main arterial routes through the centre of Middlesbrough.

Planning permission has already been granted for a 72-bed student housing scheme on the site, which has been cleared ready for development.

[fulltext] =>

Linthorpe Road is home to a number of restaurants, bars and shops which makes it an ideal location for students at Teesside University.

Chris Dent, agent on the site commented, “This a brilliant site with unique potential for development so we are pleased to be able to market it. Its proximity to the university, the extensive retail and leisure offering on Linthorpe road and the city core makes the location ideal for an emerging student development.

“The fact that there is already planning permission in place for student accommodation will help speed up the process and significantly de-risks the development for the developer. We’d love to speak to any interested parties about the site’s potential.”

Offers are being invited for the site in the region of £400,000 and any interested parties should contact Henry on 0191 269 0105 or henry.mawhood@sw.co.uk or Chris on 0191 269 0104 or chris.dent@sw.co.uk.

Click here to view the property listing.

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RICS tackles ‘unfair’ commercial property service charges

Today (September 17th 2018) the RICS launched new mandatory requirements to ensure service charges to commercial tenants are transparent, upfront and fair, and that any costs incurred are in accordance with the terms of the occupational leases.

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Today (September 17th 2018) the RICS launched new mandatory requirements to ensure service charges to commercial tenants are transparent, upfront and fair, and that any costs incurred are in accordance with the terms of the occupational leases.

[fulltext] =>

 

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North-East valuation team strengthened by trio of appointments

To accommodate our increasing client base in the North East and further afield, we have recently strengthened our valuation offering with three key appointments. Jake West joins our North East team having worked within our Leeds office for the past five years, dealing with the valuation of commercial property across a range of sectors throughout the Yorkshire region.

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To accommodate our increasing client base in the North East and further afield, we have recently strengthened our valuation offering with three key appointments.

Jake West joins our North East team having worked within our Leeds office for the past five years, dealing with the valuation of commercial property across a range of sectors throughout the Yorkshire region.

[fulltext] =>

Jack Deas brings with him over four years’ experience in the North East property market having completed a year at a local firm of surveyors as a trainee surveyor before more recently working within a global property consultancy practice’s valuation team, where he passed his APC and qualified as a chartered surveyor in 2017.

Also, joining our valuation team is Daniel Lever. Daniel has joined us as a trainee surveyor and will work alongside partners David Downing and Matthew Clarke, assisting them with valuations across the region.

David Downing, head of our North East valuation team commented, “At a time of high activity in the commercial property market, we are very pleased to strengthen the team here in the North East with 3 top quality valuers, so we can continue to deliver the type of service our clients expect and deserve.”

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A bumper year for SW auctions marks the rise in online auctions

It is a common occurrence for businesses to have unwanted or unused plant and equipment. Whether it is as they enter administration, voluntarily close the business or perhaps introduce new methods of operation that result in surplus equipment. Over the past 12 months our specialist plant and machinery team have completed approximately 40 online auctions via Bidspotter, the web’s number one online auction site which deals with over 10,000 lots every day.

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It is a common occurrence for businesses to have unwanted or unused plant and equipment. Whether it is as they enter administration, voluntarily close the business or perhaps introduce new methods of operation that result in surplus equipment.

Over the past 12 months our specialist plant and machinery team have completed approximately 40 online auctions via Bidspotter, the web’s number one online auction site which deals with over 10,000 lots every day.

[fulltext] =>

The sales completed by our auctions team last year grossed over £11million with approximately 75% of lots sold and an average of just under 200 registered bidders for each sale (this figure is up 49% on previous year).

Stephen Jepson, associate partner in our machinery and business assets team commented, “Online sales have now firmly established themselves as the most popular auction selling method, as a team we carried out our last traditional live and webcast auction over three years ago, in April 2015. Whilst not ruling out this method in the future it is unlikely that there will be a proliferation of live auctions.

“Online auctions remove the need for proximity to the sale and whilst we still receive a lot of interest in viewing the lots before bidding, we are also noticing an increasing number of overseas buyers, particularly those in mainland Europe that are encouraged by the recent more favourable rate of exchange. Other lots have been purchased by bidders in Canada, USA, Australia & Malaysia.

“Along with a full range of industrial equipment we also held some really interesting sales last year, including ex-military vehicles & tanks, narrow boats and even a factory full of Christmas decorations. With a number of large auctions coming up before the end of the year we’re sure that we’re looking forward to what the next year will bring.”

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