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.

We were delighted to hear in February that the luxury hydrotherapy pool at the Alan Shearer Centre won a Gold SPATA award for 'special requirement pool of the year'. Our building consultancy and architecture teams designed and developed the luxury facility, working alongside specialist pool designers and occupational therapists.

Research conducted by head of our Birmingham office, Peter Fowles has forecast that over the next four years an increase in new high quality office accommodation could see a raft of new occupiers moving into the city centre. Click here to view the full report.

In Yorkshire our industrial agents secured a 189,142 sq ft facility for Allied Glass, the newly refurbished property is located at Wakefield Europort, the leading logistics and distribution centre in the region. Our corporate real estate team completed the sale of a residential development site in Wakefield, the site is over 2.5 acres with valid planning consent for up 35 dwellings and was formerly a police driving school.

In the South West our agency team sold a ground rent investment on the site of the Ibis Hotel in Sawmills End, Gloucester. Acting on behalf of Litfield Land, the investment was sold to a private investor for £1.3million.

In Devon our planning team secured planning permission for the change of use of seven park homes from stationing holiday caravans to residential park homes. They have also prepared a number of planning appraisals for Papa John's in towns across the UK including Plymouth, Torquay, Norwich and Sheffield.

View more information on all of our deals by clicking on the links below.

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Alan Shearer Centre wins Gold SPATA award

The Alan Shearer Centre Hydrotherapy Pool, which opened last year, has won a Gold SPATA award for ‘Special Requirement Pool of the Year’. The Alan Shearer centre, which is located in Newcastle, is a specialist respite, residential and social facility for people with complex disabilities and acute sensory impairments. The centre is set in over an acre of private land and it is the North East’s only short break centre with its own on-site activity centre. Our building consultancy and architecture teams designed and developed the luxury hydrotherapy pool facility for the centre, working alongside specialist pool designers and occupational therapists. The pool includes a number of water features designed to provide sensory experiences to users, including a Jacuzzi, under water swim jets, massaging water shoot and alight up waterfall feature. A flexible lighting design provides users with the option to change the atmosphere within the pool area, ranging from bright lights or a sensory environment.

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The Alan Shearer Centre Hydrotherapy Pool, which opened last year, has won a Gold SPATA award for ‘Special Requirement Pool of the Year’.

The Alan Shearer centre, which is located in Newcastle, is a specialist respite, residential and social facility for people with complex disabilities and acute sensory impairments. The centre is set in over an acre of private land and it is the North East’s only short break centre with its own on-site activity centre.

Our building consultancy and architecture teams designed and developed the luxury hydrotherapy pool facility for the centre, working alongside specialist pool designers and occupational therapists.

The pool includes a number of water features designed to provide sensory experiences to users, including a Jacuzzi, under water swim jets, massaging water shoot and alight up waterfall feature. A flexible lighting design provides users with the option to change the atmosphere within the pool area, ranging from bright lights or a sensory environment.

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To support the luxury hydrotherapy pool facility we also created a fully accessible changing room with access to the pool via a hoist system and a shower trolley and body dryer to enhance the user experience.

George Penrice, head of building consultancy at Sanderson Weatherall Newcastle and Gillian Smith, lead architect commented, “We are delighted that the Alan Shearer Centre has been awarded a Gold SPATA award. It has been incredibly fulfilling to work on this project, and I am very proud to see what the centre is providing for families in the North East.”

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Aigburth residential investment sold above asking price

Acting on behalf of Duff and Phelps, our Manchester team has sold a freehold residential investment in Aigburth, Liverpool. The Victorian property, located on Alexandra Drive, comprises of ten apartments, and was sold to Helena Partnerships for over £815,000.

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Acting on behalf of Duff and Phelps, our Manchester team has sold a freehold residential investment in Aigburth, Liverpool.

The Victorian property, located on Alexandra Drive, comprises of ten apartments, and was sold to Helena Partnerships for over £815,000.

[fulltext] =>

Craig Watson, property advisor in our Manchester asset advisory and recovery team said, “We are pleased to have completed the sale of this residential investment in excess of the asking price. The price we achieved reflected the property’s location in an affluent suburb of Liverpool, and a strong gross yield.”

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North East agency team appointed for 37-unit letting contract at Hebburn Shopping Centre

Our North East agency team has been appointed as letting agent to market 37 retail units at Hebburn Shopping Centre. We sold the site on behalf of previous owner Asda earlier this year. The shopping Centre, based on Station Road, Hebburn, is currently undergoing a £2.4m refurbishment to create a better environment for both retailers and shoppers. South Tyneside is the freeholders of the 2.01 acre site, which was recently acquired by a consortium from the region through chartered surveyors and estate agents Bradley Hall, with assistance from financial advisers KSM Associates and Gordon Brown Law Firm LLP.

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Our North East agency team has been appointed as letting agent to market 37 retail units at Hebburn Shopping Centre.

We sold the site on behalf of previous owner Asda earlier this year. The shopping Centre, based on Station Road, Hebburn, is currently undergoing a £2.4m refurbishment to create a better environment for both retailers and shoppers.

South Tyneside is the freeholders of the 2.01 acre site, which was recently acquired by a consortium from the region through chartered surveyors and estate agents Bradley Hall, with assistance from financial advisers KSM Associates and Gordon Brown Law Firm LLP.

[fulltext] =>

The shopping centre will be rebranded to The Mountbatten Shopping Centre, named after Lord Mountbatten, who commanded the famous Hebburn-built destroyer HMS Kelly during the Second World War.

Situated in the heart of Hebburn on the junction of Station Road and Victoria Road West, the centre benefits from a mixture of national and local retailers. National stores including Herons Frozen Foods, Boots and Subway currently occupy the units, with local businesses including hairdressers, laundrettes and newsagents also trading from the site.

Kevin McGorie, partner in our agency department, said: “Hebburn is an area of significant redevelopment, therefore the investment into the shopping centre will not only create an attractive area for retailers and the general public, but also provide considerable job and business opportunities.

“Having been involved in the successful sale of the centre, we are very much looking forward to being able to bring a variety of new business to help reinvigorate the region.”

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New high quality office accommodation could see raft of new occupiers moving into Birmingham city centre

Over the next four years, occupiers in Birmingham city centre are set to have a large choice of high quality, Grade A office accommodation, according to a pipeline review conducted by our Birmingham team. Between now and 2021, 2.8m sq ft of Grade A office space is programmed to become available in the city as a result of completing new developments, and refurbishment of existing accommodation. The past ten year average take-up of office space in Birmingham city centre is 663,000 sq ft per annum, with a recognised shortage of Grade A space previously limiting the choice available to occupiers looking to move into the city.

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Over the next four years, occupiers in Birmingham city centre are set to have a large choice of high quality, Grade A office accommodation, according to a pipeline review conducted by our Birmingham team.

Between now and 2021, 2.8m sq ft of Grade A office space is programmed to become available in the city as a result of completing new developments, and refurbishment of existing accommodation.

The past ten year average take-up of office space in Birmingham city centre is 663,000 sq ft per annum, with a recognised shortage of Grade A space previously limiting the choice available to occupiers looking to move into the city.

[fulltext] =>

Peter Fowles, head of our Birmingham office said, “Birmingham is currently undergoing a resurgence not witnessed since the 1960’s and 70’s. The city will soon have both the quantity and quality of available office space to attract even the most discerning national and international occupiers.

“The premium buildings are quoting rents of up to £35.00 per sq ft, but there is also space available at £26.00 per sq ft, making Birmingham city centre a competitive option for occupiers seeking quality offices.”

Click here to view the full report.

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Allied Glass to move to new premises at Wakefield Europort

Allied Glass, the premium glass packaging manufacturer, is moving to new premises at Wakefield Europort, the region’s leading logistics and distribution centre. Allied Glass has taken the 189,142 sq ft Eurohub facility, located on California Way, on a 10-year lease. The newly refurbished property, which includes 176,013 sq ft of warehouse space and 13,129 sq ft of office space, will be primarily used for bottle decoration and storage. Allied Glass design, develop and manufacture premium glass packaging for leading brands in the food and drinks sector.

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Allied Glass, the premium glass packaging manufacturer, is moving to new premises at Wakefield Europort, the region’s leading logistics and distribution centre.

Allied Glass has taken the 189,142 sq ft Eurohub facility, located on California Way, on a 10-year lease. The newly refurbished property, which includes 176,013 sq ft of warehouse space and 13,129 sq ft of office space, will be primarily used for bottle decoration and storage.

Allied Glass design, develop and manufacture premium glass packaging for leading brands in the food and drinks sector.

[fulltext] =>

Commenting on the move, Jonathon White, industrial agent in our Leeds office said, “We are pleased to have secured this great facility for Allied Glass. I have no doubt that the Eurohub premises, located at the heart of such an established distribution centre, will be a fantastic home for the business as it continues to grow.”

Wakefield Europort is located at Junction 31 of the M62. Its other occupiers include DHL, TJX Europe (TK Maxx), Argos, ASDA, Kuehne & Nagel, Warburtons, Royal Mail, 3663 and One Stop.

Our Leeds team acted on behalf of Allied Glass and Knight Frank on behalf of Edinburgh-based owners, Parabola Capital.

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Gloucester ground rent investment sold in £1.3million deal

Our investment agency team has sold a ground rent investment on the site of the Ibis Hotel in Sawmills End, Gloucester. Acting on behalf of Litfield Land, the investment was sold to a private investor for £1.3m. The site is let to Ibis Gloucester Ltd on a125 year lease from October 2009 (118 years remaining) at a rent of £39,750 per annum. The rent rises annually in line with RPI, capped at 4%.

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Our investment agency team has sold a ground rent investment on the site of the Ibis Hotel in Sawmills End, Gloucester.

Acting on behalf of Litfield Land, the investment was sold to a private investor for £1.3m.

The site is let to Ibis Gloucester Ltd on a125 year lease from October 2009 (118 years remaining) at a rent of £39,750 per annum. The rent rises annually in line with RPI, capped at 4%.

[fulltext] =>

 David Ferris, investment agency Partner in our Bristol office said “We are pleased to have completed the sale of this ground rent investment in excess of the asking price of £1.2m. The price we achieved reflected a strong net initial yield of 2.86% but with inflation set to rise post Brexit the property offered the buyer strong potential for rental performance”.

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Unit let in less than one week at Stockton's Durham Lane Industrial Park

Acting on behalf of Dickens Warehousing Ltd, our Teesside agency team has let a 5,210 sq ft unit at Durham Lane Industrial Park to Hot Price Tubs, within one week of the property going on the market. Hot Price Tubs, a leading hot tub retailer in UK and Ireland, has let the unit, located on Guiseley Way in Stockton-On-Tees, on a three year lease. Bob Goodrum, company secretary at Dickens Warehousing Ltd commented, “Hot Price Tubs is a great occupier at Durham Lane Industrial Park.

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Acting on behalf of Dickens Warehousing Ltd, our Teesside agency team has let a 5,210 sq ft unit at Durham Lane Industrial Park to Hot Price Tubs, within one week of the property going on the market.

Hot Price Tubs, a leading hot tub retailer in UK and Ireland, has let the unit, located on Guiseley Way in Stockton-On-Tees, on a three year lease.

Bob Goodrum, company secretary at Dickens Warehousing Ltd commented, “Hot Price Tubs is a great occupier at Durham Lane Industrial Park.

[fulltext] =>

“We couldn’t be happier that the agents at Sanderson Weatherall had the letting agreed within one week of them putting it on the market.”

Darren Naylor, industrial agent in our North East agency team said, “We are delighted to have secured Hot Price Tubs as a tenant for Dickens Warehousing Ltd. The fact that the unit was let the same week we put it on the market highlights the continuing demand for industrial properties, from occupiers wanting to be located in Teesside.”

Contact Us

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Planning

We provide a complete planning service to a range of private and public sector clients including property owners, occupiers, developers, investors, institutions and local planning authorities in the residential, commercial, renewables, leisure and agricultural sectors. Our advice is based on extensive knowledge of the ever-complex and fast-changing UK planning system.  This enables us to provide bespoke and cost-effective advice at all stages of development from project inception, spatial master planning to negotiating final project delivery. We pride ourselves on always offering one principal point of contact which means our advice is always consistent and provided in a timely manner.  It also means that each member of our team embraces responsibility.  Our collaborative way of working with other technical specialists means we are experts at finding solutions to assist in unlocking latent value. The Planning Process   The basis for decision making is set out on planning legislation, that is, “if regard is to be had to the development plan for the purposes of any determination to be made under the Planning Acts the determination must be made in accordance with the plan unless material considerations indicate otherwise". We apply this approach to each of our planning services.  Our Services We offer the following services: • Planning Strategy Formulation • Planning Appraisals • Planning Applications & Appeals • Community & Stakeholder Engagement • Environmental Impact Assessment • Planning Obligation Negotiation • Land Promotion • Policy Representations • Monitoring Services • Master Planning & Development Briefs • Due Diligence   Contact Us

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We provide a complete planning service to a range of private and public sector clients including property owners, occupiers, developers, investors, institutions and local planning authorities in the residential, commercial, renewables, leisure and agricultural sectors.

Our advice is based on extensive knowledge of the ever-complex and fast-changing UK planning system.  This enables us to provide bespoke and cost-effective advice at all stages of development from project inception, spatial master planning to negotiating final project delivery.

We pride ourselves on always offering one principal point of contact which means our advice is always consistent and provided in a timely manner.  It also means that each member of our team embraces responsibility.  Our collaborative way of working with other technical specialists means we are experts at finding solutions to assist in unlocking latent value.

The Planning Process

SandersonWeatherall-Planning-Flowchart

 

The basis for decision making is set out on planning legislation, that is, “if regard is to be had to the development plan for the purposes of any determination to be made under the Planning Acts the determination must be made in accordance with the plan unless material considerations indicate otherwise". We apply this approach to each of our planning services. 

Our Services

We offer the following services:

• Planning Strategy Formulation

• Planning Appraisals

• Planning Applications & Appeals

• Community & Stakeholder Engagement

• Environmental Impact Assessment

• Planning Obligation Negotiation

• Land Promotion

• Policy Representations

• Monitoring Services

• Master Planning & Development Briefs

• Due Diligence

 

Contact Us

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Agency - sales & lettings

Our award winning property agents provide transactional services across the UK to owners, occupiers, investors and developers. Our agency teams specialise in regions and industries around the country, providing local insight and technical knowledge that's relevant to your business, property and location. We add value by offering commercially astute advice, and alerting you to the opportunities and threats that might affect your transaction. We'll also work with our property and building consultants to advise you on planning, valuations, business rates, dilapidations, building surveys, lease and rent reviews, as well as talk to our in house architects about any fit-out requirements.   Contact Us

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Our award winning property agents provide transactional services across the UK to owners, occupiers, investors and developers.

Our agency teams specialise in regions and industries around the country, providing local insight and technical knowledge that's relevant to your business, property and location.

We add value by offering commercially astute advice, and alerting you to the opportunities and threats that might affect your transaction.

We'll also work with our property and building consultants to advise you on planning, valuations, business rates, dilapidations, building surveys, lease and rent reviews, as well as talk to our in house architects about any fit-out requirements.

 

Contact Us

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