Agency team named as the most active in the North East

Published on: 3rd March 2017

We are pleased to announce that we have been named the most active commercial property agency in the North East by Estates Gazette, in what is widely regarded as one of the top accolades for real estate agents

In the past year, our North East agency teams have let or sold a total of over 1.8 million sq ft of commercial, retail and industrial space across the region.

Our Newcastle and Teesside offices have been awarded the title for transactions they completed between January 1 and December 31, 2016.

Our head of commercial agency, Robert Patterson, said: “We are delighted to win this award again, confirming our position as the leading agency in the North East. Our local knowledge, dynamic team and full service agency offer allows us to deliver a fantastic service to our clients, and ultimately secure the best deals.”

The award comes following a restructure of our North East team, which saw the appointment of industrial agent Darren Naylor, as well as our repositioning as a full service commercial agency covering the areas across Newcastle and Teesside.

North East agency team strengthened by new appointment

Our North East agency team has been strengthened by the appointment of industrial agent, Darren Naylor as an associate partner. Darren brings with him 8 years’ experience working in the North East commercial property market and will focus on industrial acquisitions and disposals in Newcastle and Teesside. Speaking about his new position, Darren said: "I'm excited to be working with this award-winning agency team and look forward to supporting the department as it continues to grow, and strengthen its reputation as one of the region's most active commercial agents."

Read More....

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Our North East agency team has been strengthened by the appointment of industrial agent, Darren Naylor as an associate partner.

Darren brings with him 8 years’ experience working in the North East commercial property market and will focus on industrial acquisitions and disposals in Newcastle and Teesside.

Speaking about his new position, Darren said: "I'm excited to be working with this award-winning agency team and look forward to supporting the department as it continues to grow, and strengthen its reputation as one of the region's most active commercial agents."

[fulltext] =>

Robert Patterson, head of our agency team said: "I am delighted to announce Darren’s appointment to our agency team. Darren is a highly experienced surveyor and has a wealth of knowledge in the North East commercial property market."

Darren joins our established team of commercial property agents, who work across the offices, retail, and development and land markets.

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Rettie & Co expand its business to Newcastle

Recently our Newcastle office helped Rettie & Co Estate Agency expand its business to the North East.   The agency - which has offices throughout Scotland, and in Berwick and London - worked closely with Mark Convery and the agency team to successfully secure a unit in Jesmond, Newcastle.  

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Recently our Newcastle office helped Rettie & Co Estate Agency expand its business to the North East.

 

The agency - which has offices throughout Scotland, and in Berwick and London - worked closely with Mark Convery and the agency team to successfully secure a unit in Jesmond, Newcastle.

 

[fulltext] =>

The ground floor unit, which is leased for a term of five years, provides the estate agency with a property situated in a well-established residential area.

 

Rob Taylor, managing director at Rettie & Co, said: "One of the reasons we chose the unit in Jesmond is due to it being considered one of the most culturally vibrant and eclectic areas in Newcastle upon Tyne. It is mixture of both affluent residential areas and upmarket student lettings, and is often hailed as one of the trendiest and prosperous places in the region.

 

"Sanderson Weatherall's proactive approach to finding us the right unit in an area of high demand and low supply was vital and Mark Convery's advice and market knowledge was invaluable and gratefully received. The whole process was straightforward with every aspect taken care of without question."

 

Rettie & Co is Scotland's leading independent firm of property specialists that help clients across the world sell and let property in Scotland and Northumberland.

 

Mark Convery, surveyor at our Newcastle office, said: "Our extensive knowledge of Newcastle makes us ideally placed to assist and advise Rettie & Co on a suitable property in the city to gain its first footing in this region.

 

"Rettie & Co work widely across Scotland and Northumberland, so I am certain that this acquisition will have a very positive effect on its continued growth."

 

 

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March Deals Update

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.

Read More....

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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.

[fulltext] =>

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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Contact Us

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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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Middlesbrough FC goalkeeper opens new restaurant

Middlesbrough FC goalkeeper Dimi Konstantopoulos’ opens new restaurant in Middlesbrough, following assistance from our North East agency team. Acting on behalf of Penza Properties, we were involved in the letting and negotiation of unit 1, 248 Linthorpe Road, the new home of Great, Dimi’s Greek restaurant venture.  Dimi said: “I couldn’t be happier with the restaurant now that it’s open. The décor, ambiance and quality of food showcase the best of Greek cuisine and I’m grateful to Sanderson Weatherall for making the process as smooth as possible. “Reactions to the restaurant have been very positive so far and I’m really looking forward to its future successes.”

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Middlesbrough FC goalkeeper Dimi Konstantopoulos’ opens new restaurant in Middlesbrough, following assistance from our North East agency team.

Acting on behalf of Penza Properties, we were involved in the letting and negotiation of unit 1, 248 Linthorpe Road, the new home of Great, Dimi’s Greek restaurant venture. 

Dimi said: “I couldn’t be happier with the restaurant now that it’s open. The décor, ambiance and quality of food showcase the best of Greek cuisine and I’m grateful to Sanderson Weatherall for making the process as smooth as possible.

“Reactions to the restaurant have been very positive so far and I’m really looking forward to its future successes.”

[fulltext] =>

The restaurant occupies a 2,056 sq ft unit underneath 248 Linthorpe Road. Sanderson Weatherall has currently let four of five commercial units in the building with the final property offering 9,738 sq ft in the heart of the town.

Richard Hird, Director at Penza Properties, said: “248 Linthorpe Road offers great commercial and retail opportunities and we’re very happy that Dimi’s restaurant has already been a resounding success.

“Sanderson Weatherall’s letting negotiations ensured all parties were happy and I look forward to the fifth and final unit being occupied in the not too distant future.”

Our Teesside-based agency team assisted on the deal, led by agency surveyor George Williams.

George commented: “We are very happy to have been involved in the process which culminated in Dimi opening his new restaurant. Great demonstrates Dimi’s passion for his homeland and it looks fantastic now it’s complete.”

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A look ahead at the North East leisure industry

2016 was an incredibly busy year for the commercial property market in the North East and the leisure market was no different, with a number of new restaurants, bars and retailers opening across the region. With 2017 promising to be just as exciting, our North East property experts have once again teamed up with Sintons Law to help create the annual leisure supplement published in the Journal. 

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2017 Leisure Supplement-page-001

2016 was an incredibly busy year for the commercial property market in the North East and the leisure market was no different, with a number of new restaurants, bars and retailers opening across the region.

With 2017 promising to be just as exciting, our North East property experts have once again teamed up with Sintons Law to help create the annual leisure supplement published in the Journal

[fulltext] =>

To view the full supplement please click here.

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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.”

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Newcastle Offices Market Update Q4 2016

The Newcastle office market tabled total take-up of 181,210 sq ft in the final quarter of 2016. The Newcastle office market recorded total take-up of 98,733 sq ft across 21 deals in Q4 of 2016. This was compared to only 38,055 sq ft of take-up in the third quarter of 2016. The largest city centre deals of the quarter saw Gateshead Council take 19,543 sq ft at Baltic Business Park and Regus take 12,785 sq ft at Cale Cross House, Newcastle Quayside. Out of town take-up totalled 82,477 sq ft in Q4 of 2016 with True Potential acquiring 10,444 sq ft at Newburn House in one of the largest deals of the quarter.

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Newcastle Offices Market Update Q4 2016

The Newcastle office market tabled total take-up of 181,210 sq ft in the final quarter of 2016.

The Newcastle office market recorded total take-up of 98,733 sq ft across 21 deals in Q4 of 2016. This was compared to only 38,055 sq ft of take-up in the third quarter of 2016.

The largest city centre deals of the quarter saw Gateshead Council take 19,543 sq ft at Baltic Business Park and Regus take 12,785 sq ft at Cale Cross House, Newcastle Quayside.

Out of town take-up totalled 82,477 sq ft in Q4 of 2016 with True Potential acquiring 10,444 sq ft at Newburn House in one of the largest deals of the quarter.

[fulltext] =>

Demand in the wake of Brexit has been predominantly for suites up to 5,000sq ft, in 2017 there are however several new requirements for 50,000 sq ft and 60,000 sq ft spaces, suggesting that demand may outstrip supply in the city centre.

It is therefore vital that existing landlords invest in refurbishment and the presentation of the right specification of stock, to ensure that any empty spaces are in line with the current needs of the occupier market.

To discuss the market report, please contact Robert Patterson, partner in our North East agency team.

Click here to download the Q4 2016 Newcastle offices market update.

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This was compared to only 38,055 sq ft of take-up in the third quarter of 2016. 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Grade A office space available in one of Newcastle's premier office buildings

We have been appointed as joint office agents on two floors in One Trinity Gardens. One Trinity Gardens is one of the North East’s most desirable office buildings, offering Grade A offices in an outstanding setting with a full height atrium giving a great sense of arrival. Working on the Quayside provides you with a wide range of amenities including hotels, restaurants and bars, as well as being just a short walk from Newcastle City Centre. The building itself includes a stunning entrance with full height central glazed atrium set behind a distinctive garden feature with a central sculpture. The fully fitted self-contained offices also provide access to a terrace on the 6th floor that boasts panoramic views of the city.

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We have been appointed as joint office agents on two floors in One Trinity Gardens. One Trinity Gardens is one of the North East’s most desirable office buildings, offering Grade A offices in an outstanding setting with a full height atrium giving a great sense of arrival.

Working on the Quayside provides you with a wide range of amenities including hotels, restaurants and bars, as well as being just a short walk from Newcastle City Centre. The building itself includes a stunning entrance with full height central glazed atrium set behind a distinctive garden feature with a central sculpture. The fully fitted self-contained offices also provide access to a terrace on the 6th floor that boasts panoramic views of the city.

[fulltext] =>

We currently have two spaces available within the landmark building. The 4th floor is 21,695 sq ft and is offered as a whole or in part, as it is capable of sub-division. The 6th floor is a smaller suite of 6,671 sq ft and provides a great opportunity for a creative business to occupy this quirky space a very competitive rent for a quayside office address.

You will be in great company as current occupiers include Allied Irish Bank, Deloitte, RBS, Nomad Digital and our joint agents on the building BNP Paribas Real Estate.

Commenting on the appointment, Robert Patterson, partner in our agency team said, “We are pleased to be instructed on this impressive office building. Following an encouraging year in the Newcastle office market we are looking forward to the year ahead.”

Click here to view the property listing.

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