east midlands | SURGE OF ENERGY
been appointed to help deliver a new headquarters in Northamptonshire for a leading energy supplier. Opus Energy, which supplies gas and
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electricity to 300,000 businesses across the UK, is consolidating its three existing offices in Northampton to create a single 90,000 sq.ft HQ at John Dryden House, which is also in the town. The move, which will see the energy
supplier more than double its existing office capacity, will house the company’s 850+ staff when the work is completed in December. Opus Energy, which also has offices in Cardiff and Oxford, was bought by power station company Drax Group in December 2016 for £340 million. Opus Energy acquired John Dryden
House from Northampton County Council and plans to spend the upcoming year completely refurbishing the building. Once Overbury has completed the fit out, the building will boast high-quality facilities, energy-efficient heating and cooling systems and break out areas for staff. As part of the extensive interior work
Overbury will increase the size of the building too, extending it with a glazed steel frame structure.
ational office fit out and refurbishment specialist Overbury has
BOARD EXPANDED B
arwood Capital, the Northampton- based real estate investment and
development business, has expanded its board with the appointment of Guy Brogden in the newly created role of executive chairman. Guy, who was appointed to Barwood
Capital’s Board as non-executive director in September 2015, has spent the majority of his career in property development and investment, and until March 2015 was the founder and chief executive of Mayfair Capital. Alan Rudge, who was one of the
original founders of the Barwood group of companies in 1996 and became non- executive chairman of Barwood Capital in 2009, will remain on the board as a non- executive director to support the future development of the business and maintain the strong relationships with some of the company’s key investors. Joanna Greenslade, managing
director of Barwood Capital will work closely with Guy to continue to grow the business and remain responsible for overall corporate strategy, fund raising and investor relations. Barwood Capital’s other board
members are: Richard Bowen, Andrew Barlow, Edward Henson, Steve Chambers.
T
DISTRIBUTION WAREHOUSES
he continued investor demand for exposure to the UK’s distribution
warehouse market has enabled Barwood Capital, the Northampton-based real estate investment and development business, to exceed its first close target for its 2017 UK regional property fund (“the Fund”). The Fund, which will focus on property
assets in the UK’s prime regional markets outside London, achieved its initial close on 25 May 2017 with £42 million raised mainly from high net worth individuals and family offices as well as a material investment from Merseyside Pension Fund. It will be invested in sites with the potential for significant value to be added through planning, development and asset management. A similar sum is expected to be raised in further closes during the next few months. With leverage, the Fund will have a potential buying power of £150 million. The Fund will be Barwood Capital’s
fourth regional property fund. Around 50% of the equity in the last three funds was allocated to logistics and industrial properties; in the 2017 Fund, it is expected to reach around 70%. The balance will be invested in alternatives and selected regional offices.
COMMERCIAL PROPERTY MONTHLY 2017
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