2018 - a year in review

Published on: 31st December 2018

2018 was a fantastic year for SW with a number of excellent deals completed and some really exciting new instructions.

We look forward to working with you all in 2019. View a collection of our 2018 monthly deal updates below.

 

December Deals Update

During November we were delighted to announce that WYG appointed us as sole advisorsoleWYG appointed us as sole advisor on its UK office portfolio. The appointment will see us providing relocation and lease advice, as well as property management services, on WYG 24 offices across the UK.   We have recently joined the Association of Short Term Lenders (ASTL) as an associate member. The function of the ASTL is to protect and promote the interests of its member and provide confidence to all parties who transact with them, find out more about it here. 

Read More....

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During November we were delighted to announce that WYG appointed us as sole advisorsoleWYG appointed us as sole advisor on its UK office portfolio. The appointment will see us providing relocation and lease advice, as well as property management services, on WYG 24 offices across the UK.  

We have recently joined the Association of Short Term Lenders (ASTL) as an associate member. The function of the ASTL is to protect and promote the interests of its member and provide confidence to all parties who transact with them, find out more about it here. 

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The two largest occupational costs for most businesses are rent and rates, the latter of which is inextricably linked to the former. Rob Cohen and Stephen Jefferies from our Leeds office consider this issue below and the careful balancing act that needs to be struck by tenants. 

Acting on behalf of Rollings Investments Ltd, our investment agency team has recently sold 228 High Street Exeter, a mixed retail and office investment. 

Our asset-based lending team helped facilitate, via fleet valuation, the management buyout of Total Rail Solutions (TRS), a £30million turnover provider of operated and non-operated road-rail plant, sub-contracting services and labour to rail sites across the UK. 

Following the 2018 Budget in late October there was a welcome boost for businesses with the announcement that thousands of firms across England will be able to ask for tax rebates to their business rates bills going back as far as 2010 with the Queen giving Royal Assent to turn the bill to reverse the effects of the so called Staircase Tax into an Act of Parliament. 

Despite recent comments to the contrary, it is very unlikely that HS2 Phase 2B will be cancelled in the immediate future and even if it is there is no guarantee that it won’t come back in some form or another, in years to come. Our compulsory purchase team is working with owners and occupiers of affected sites along the HS2 route and you can find out more info here. 

Formerly a Roman marching camp, medieval hostel and monastery our specialist leisure agents have been appointed on a historic site, with roots dating back to 997AD in North Yorkshire. 

Our holiday and caravan park were also appointed on the sale of Roadford Lake Holiday Village, a holiday park development site located adjacent to the South West water owned Roadford Lake.

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November Deals Update

With year-to-date city centre deals totalling 528,654 sq ft and with a number of existing live requirements the Leeds office market is on track for another strong year with city centre transactions expected to reach 700,000 sq ft. View our Leeds offices market update for Q3 2018 here. In his last budget before the outcome of the Brexit negotiations, much of the focus of Philip Hammond’s speech was on the impact that Brexit will have on the UK economy, but what did yesterday’s announcement mean for business rates? Rob Cohen, business rates expert in our Leeds office shared his thoughts and you can read them here.

Read More....

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With year-to-date city centre deals totalling 528,654 sq ft and with a number of existing live requirements the Leeds office market is on track for another strong year with city centre transactions expected to reach 700,000 sq ft. View our Leeds offices market update for Q3 2018 here.

In his last budget before the outcome of the Brexit negotiations, much of the focus of Philip Hammond’s speech was on the impact that Brexit will have on the UK economy, but what did yesterday’s announcement mean for business rates? Rob Cohen, business rates expert in our Leeds office shared his thoughts and you can read them here.

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During October, a group of influential North East business people attended the launch of Station Place, one of the North East’s most exciting industrial developments located at Merchant Park, Newton Aycliffe. Click here to find out more about the launch and the space available.

In the North West during October our agency team brought to market a well-established and nationally renowned cabaret bar, nightclub and leisure venue situated over three locations in the heart of Blackpool.

Also in the North West we have made two key appointments. Our building consultancy team has been strengthened by the appointment of Guy Owen and our internationally recognised asset-based lending valuation and advisory team goes from strength to strength with the appointment of Heidi Otto.

Paul Wellstead, the developer of Spectrum Business Park, has commissioned a video which features stunning footage of the area and interviews with some of the many tenants who call the area home. You can watch the video here.

Jo Williams, partner in our Bristol office and chairman at Women in Property wrote a column on the importance of mentoring young business women. Jo commented, “Encouraging a strong pipeline of women through business is good for retention and good for business. We know that a clear career path, training and mentoring are really important and that retention of women is dependent on properly rewarding them throughout their career.”

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October Deals Update

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. 

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. 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

[fulltext] =>

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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September Deals Update

During August, we were delighted to announce the launch of our brand new residential estate agency site – SW Residential. Our residential team have over 50 years’ combined experience in the Leeds property market and offer a bespoke service to landlords, tenants and investors respectively and you can click here to view the site. In the second quarter of this year Newcastle city centre office take-up totalled 53,768 sq ft, the strongest quarter in the city centre since 2016. Seven of the deals in Newcastle also saw businesses moving into Grade A accommodation, further highlighting the occupier trend of relocating from larger Grade B offices to more prestigious and efficient Grade A offices. Click here to view our Newcastle office market update for Q2 2018.

Read More....

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During August, we were delighted to announce the launch of our brand new residential estate agency site – SW Residential. Our residential team have over 50 years’ combined experience in the Leeds property market and offer a bespoke service to landlords, tenants and investors respectively and you can click here to view the site.

In the second quarter of this year Newcastle city centre office take-up totalled 53,768 sq ft, the strongest quarter in the city centre since 2016. Seven of the deals in Newcastle also saw businesses moving into Grade A accommodation, further highlighting the occupier trend of relocating from larger Grade B offices to more prestigious and efficient Grade A offices. Click here to view our Newcastle office market update for Q2 2018.

[fulltext] =>

In Leeds, city centre take-up totalled just under 150,000 sq ft across 34 transactions. The out of town market achieved a 100% increase on the previous quarter with total take up of 167,962 sq ft, outperforming the city centre market for the first time in two years. You can view the full Leeds office market update for Q2 2018 here.

Wiltshire Council has appointed us to sell two of their outdoor education centres, one of which is located in Marlborough, and the other in Devizes. Agent on the properties, Lee Southan commented, “This was a really exciting instruction for us, as whilst we’re used to dealing with a great variety of property types it offered something a little different to the norm.”

We have been appointed sole selling agents by KPMG, as administrators of Adam & Baka Ltd, owners of a very substantial freehold property portfolio located in Bradford, West Yorkshire. The large portfolio extends to 400,000 sq ft of accommodation and has a gross rent roll approaching £350,000 per year.

In Teesside, we have improved our already strong position with several significant commercial property instructions in the region. The Northshore development in Stockton-on-Tees highlights the increased investment in the area and the all-new Station Place development in Newton Aycliffe is gaining unprecedented interested we’re pleased to be in talks with several potential occupiers seeking high quality new industrial space.

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August Deals Update

During July we were delighted to announce that we have been appointed as a supplier on the Homes England Property Professional Services Framework. The four-year contract was awarded to us and three sub-consultants; Wood Plc, Alder King and Resolution Property Surveyors, following a successful tendering process. Alongside our joint sales and letting agents, GVA, our North East agency team has recently completed a number of sales at Northumberland Business Park, Cramlington. With a number of spaces still available you can read further information on the popular North East business park here. 

Read More....

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During July we were delighted to announce that we have been appointed as a supplier on the Homes England Property Professional Services Framework. The four-year contract was awarded to us and three sub-consultants; Wood Plc, Alder King and Resolution Property Surveyors, following a successful tendering process.

Alongside our joint sales and letting agents, GVA, our North East agency team has recently completed a number of sales at Northumberland Business Park, Cramlington. With a number of spaces still available you can read further information on the popular North East business park here. 

[fulltext] =>

In recent months there has been significant investment in Stockton-On-Tees with several office, residential, retail and leisure developments completed, or currently under construction. We have been appointed as joint agents on a fantastic retail development site with a variety of units that can be reconfigured to suit individual occupier requirements dependent on level of demand. 

With the summer season in full flow our holiday and caravan park team have been particularly active with a number of deals completed across the country. Of particular note was the sale of Sea End Caravan Park in Crouch End, Essex which was sold in an off-market transaction on a guide price of £5.5million. 

Following a successful period of marketing our specialist holiday and caravan park team also sold Lemonford Caravan Park, a developed holiday park with consent for 44 static caravans and 87 touring caravans. 

The decline in the UK’s retail property sector has been a widely reported one, with a reduced footfall on high streets across the country, which has largely been attributed to consumers altering their purchasing patterns and shopping more online. In our recent blog, we look at how retailers not offering something different to an online shopping experience run the risk of falling behind the market. 

Earlier this year it was announced by the government that schemes with fewer than ten homes would be able to apply for Permission in Principle (PiP). Owen Pike, town planner commented on how developers continue to remain hesitant when it comes to PiP applications and further information can be found here. 

Our Leeds office agency team has recently been appointed to sell the long leasehold of Suite 4 at Arena Park, a high-quality office complex set within the peaceful tranquillity of rural surroundings. The property is available for sale at an asking price of £250,000 but current owners have also suggested that it may be available to let, for more information please click here. 

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July Deals Update

During June we celebrated our Leeds office move with an opening party on the sky garden at our new Central Square offices. It was great to see a number of familiar faces and you can read a bit more and view a few event photos here.  In the 12 months since last year’s business rates revaluation the number of business that have appealed their business rates assessments has fallen by a massive 89%. Read what our business rates experts made of the changes in our latest update.

Read More....

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During June we celebrated our Leeds office move with an opening party on the sky garden at our new Central Square offices. It was great to see a number of familiar faces and you can read a bit more and view a few event photos here. 

In the 12 months since last year’s business rates revaluation the number of business that have appealed their business rates assessments has fallen by a massive 89%. Read what our business rates experts made of the changes in our latest update.

[fulltext] =>

Towards the start of June our specialist holiday and caravan parks team were pleased to report the confidential sale of Bingham Grange, a high quality touring caravan and camping park in the sought after county of Dorset. In the first six months of the year we have experienced strong demand for caravan and holiday parks across the country, as investors seek to expand their portfolios.

Last month we conducted an online auction of over 500 high-quality musical instruments and following the success of this sale we are now setting up for a further auction of over 600 musical instruments and accessories, including drums & percussion, brass & woodwind, amplifiers, pianos and studio equipment. Click here to view further details on the auction, which closes later this week.
We are pleased to announce three new partner announcements across our national office network. The promotions follow another year of strong trading, the launch of our new brand, our Leeds team moving into the landmark Central Square offices and four new shareholder appointments across our network of nine offices.

During June we were appointed to market the Lovelady Shield Country House Hotel in Alston, Cumbria, alongside our joint agents, Savills. We’ve created a short marketing video for the sale, which you can watch here.

Our Teesside office hosted an inaugural Footgolf Client event at Knotty Hill Golf Course in County Durham. The team invited clients and contacts from across the region to compete in the tournament and you can view a few pictures from the event here.

Our architecture team has been working closely with GMB on the remodelling and fit-out of Lifton House in the North East. The £1.6million project will see the GMB trade union move back into a property occupied by the union 130 years ago. 

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June Deals Update

It was a month of celebration across our offices in May with four new shareholder appointments, three partner appointments and three of our graduates passing their assessment of professional competence to become full members of the Royal Institution of Chartered Surveyors (RICS). A huge congratulations to Dan Matthews, Josh Peacock and Morigan Wilson who have all recently qualified as Chartered Surveyors. At Sanderson Weatherall, graduates benefit from a comprehensive training programme which includes taking part in mock interviews and advice from external consultants on presentation and interview skills. 

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It was a month of celebration across our offices in May with four new shareholder appointments, three partner appointments and three of our graduates passing their assessment of professional competence to become full members of the Royal Institution of Chartered Surveyors (RICS).

A huge congratulations to Dan Matthews, Josh Peacock and Morigan Wilson who have all recently qualified as Chartered Surveyors. At Sanderson Weatherall, graduates benefit from a comprehensive training programme which includes taking part in mock interviews and advice from external consultants on presentation and interview skills. 

[fulltext] =>

Our planning team has recently advised on the planning application for 25 additional static holiday caravans, which will be able to be sub-let by their owners, at Lido Leisure Park in Knaresbrough, North Yorkshire. They have also helped secure planning permission for 34 static holiday caravans at Home Park Holiday Park, Edithmead, Burnham-on-Sea.

We were delighted to assist with the asset valuation and property work on this project and enable the first new legal whisky distillery to open in the Scottish Borders in almost 200 years.

In the first quarter of the year, office take up in Newcastle city centre totalled 39,194 sq ft, equating to the strongest first quarter in the city centre since 2015. 

With the Summer season almost in full swing the caravan park market is continuing to take full advantage of the strong trading conditions and since the start of the year have already completed on the sale of 10 parks, with a number of others currently under offer. In May the team completed the sale of the charming Wrens of Ryedale caravan park, located near Helmsley, North Yorkshire.

We recently carried out both a building survey and provided the property valuations for the lend on three Yorkshire pubs which have now been returned to family ownership. 

There are also a number of property professionals across our offices gearing up to take part in various charity events. On the 9th June a team from our Bristol office are undertaking the Youth Adventure Trust 10 Peak Challenge that sees them climbing 10 Brecon Beacon peaks in just 10 hours.

Fundraising is also well underway for our annual charity bike ride, which this year sees a team of 20 cycling the demanding 200-mile route from London to Brussels. This year the team are cycling in support of Marie Curie and you can donate by clicking here. 

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May Deals Update

Research carried out by the Government recently, revealed that almost 90% of users are dissatisfied with the new business rates appeals process, introduced just over a year ago. Since the introduction of the new system, there has been a huge decrease in the number of businesses contesting their rateable value, with a staggering drop of roughly 97% compared to the previous system. Read what our business rates experts think here.

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Research carried out by the Government recently, revealed that almost 90% of users are dissatisfied with the new business rates appeals process, introduced just over a year ago. Since the introduction of the new system, there has been a huge decrease in the number of businesses contesting their rateable value, with a staggering drop of roughly 97% compared to the previous system. Read what our business rates experts think here.

[fulltext] =>

To accommodate our increasing client base in London and further afield, we have recently strengthened our London team with three key appointments in our valuation and rating departments. 

With the British holiday period fast approaching our specialist holiday and caravan park team completed a number of sales in recent weeks. There was the sale of 6.7 acres residential caravan park in Ilfracombe, North Devon and further sale of Ashburton Park, a residential park in a picturesque rural setting on the edge of the famous Dartmoor national park.

We have recently implemented a multi-service approach to assist with the design and contract administration of refurbishment works of the independent café and conference suite facility at RTC Business Park in Derby. Our in-house architecture team worked in tandem with our building consultancy team to produce a facility with a modern and attractive design, offering staff a quality of food and environment far greater than the previous facility.

In Leeds, Rose Wharf, a Grade II listed office development in Leeds city centre, has reached full occupancy following lettings to Thiskrow Ventures Ltd and The Recruitment Crowd.

This quarter we produced our office market report as a video, watch here to see head of office agency, Richard Dunn, share his thoughts on why Leeds remains one of the most desirable places to work in the UK at the moment.

During April, a team of 20 property professionals from across our offices ramped up their fundraising efforts as they prepared for the annual Sanderson Weatherall charity bike ride, which is this year a demanding 200-mile route from London to Bruges. Click here to find out more about the ride.

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April Deals Update

During March it was announced that our North East agency team had, for the sixth year running, been named as the North East’s most active agents, winning the top accolade in the Estate Gazette regional awards. Following our Leeds team moving into their new office premises in February we have created a mini-series of videos that showcase our new offices. The first of the videos focused on why we made the move in the first place and the second on why we chose to move into the landmark Central Square development. The third video focuses on the benefits of the office move and will be released later on this month.

Read More....

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During March it was announced that our North East agency team had, for the sixth year running, been named as the North East’s most active agents, winning the top accolade in the Estate Gazette regional awards.

Following our Leeds team moving into their new office premises in February we have created a mini-series of videos that showcase our new offices. The first of the videos focused on why we made the move in the first place and the second on why we chose to move into the landmark Central Square development. The third video focuses on the benefits of the office move and will be released later on this month.

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Our investment agency team advised a private investor client on the purchase of a 27, 314 sq ft unit in Saltash, Cornwall for £1.82 million. The property was located in a popular industrial location, adjacent to the A38, within a mile of the Tamar Bridge, the border between Devon and Cornwall.

Our Teesside agency team has successfully sold the former Cleveland Meat Company site on Yarm Road, Stockton on Tees. The large site comprises a fully fitted abattoir, meat processing and cold facility and was purchased by Darlington Farmers Auction Mart Company Ltd, one of the North’s leading livestock auctioneering firms.

During March we strengthened our Birmingham team with two new appointments to accommodate our growing business across the Midlands and further afield. James Carver joins our agency team as an associate partner and Rob George joins us as a surveyor where will he work predominantly in our valuation team. We have also bolstered our office agency team with the appointment of Dominic Towler in our Leeds office.

On Tuesday 13th March Chancellor Philip Hammond delivered the first ever Spring statement, providing an update on the economy and a chance to review the progress since the 2017 Autumn budget. It was announced that businesses are to benefit from a change in business rates revaluations sooner than expected with the next business rates revaluation moved forward a year to April 2021. Read more on the announcements here.

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