Property Midlands in record take-up


Almost half of all big shed industrial-sector real estate activity in the first half of 2017 was fulfilled in the Midlands. The latest Industrial Intelligence


report from GVA revealed that national take-up of big sheds (those over 100,000 sq ft) amounted to 11 millionsq ft during the first half of 2017, just below the five-year average of 11.3 million sq ft. Of those, just over five million sq


ft was completed in the Midlands with key deals including 645,000 sq ft to XPO Logistics in Tamworth and 550,000 sq ft to Jaguar Land Rover at the Tyre Fort in Birmingham. Alongside JLR, Michelin and


Aston Martin secured significant lettings in the Midlands, driving the increased share of activity from the manufacturing sector up to 28 per cent of the total. The retail sector was once again


led by activity from online retailer Amazon, amounting to 2.3 million sq ft (or 20 per cent of total big shed take-up) in five deals, including 434,000 sq ft at Lyons Park, Coventry. Existing supply of Grade A units


remains constrained, but has increased over the past year with H1 2016 marking a peak of the


Sector Focus


HSBC appoint office out-fitters


Galliford Try has been appointed to fit-out the new HSBC UK headquarters in Birmingham – in a deal reportedly worth more than £20m. The company was main


contractor in charge of the £66m build for the 220,000 sq ft office block on behalf of developers Arena Central Development Ltd. And it will now complete


Big shed: the M6DC warehouse in Cannock


‘Overall, general demand for big sheds remains robust with a number of enquiries for existing units’


speculative development cycle with five million sq ft brought to the market nationally. While this is slightly down on H1


2016, that was a record-breaking period, driven by high levels of acquisition from Amazon. David Willmer of GVA said:


“Overall, general demand for big sheds remains robust.


“The availability of larger units is sufficient to cover current demand in a number of areas, however the Midlands continues to suffer somewhat from a lack of high quality sub-100,000 sq ft stock, for which there’s strong demand from the manufacturing, automotive component and last mile internet delivery sectors.”


the Category B fit-out of the building, including power and data systems and furnishings. In addition, teaching spaces including auditoriums are being created on levels one and two of the building. The offices are expected to


eventually accommodate more than 2,000 staff. Building West Midlands


managing director Simon Burton said: “This contract award is testament to the excellent progress that the team has made so far. “We look forward to


working with ACDL and HSBC UK to provide the high-quality working environment that their employees require.”


Revo Revo Compliance’s primary focus:


• Passive fire protection including fire doors and compartmentation.


• Electrical and fire system testing and supply.


• This includes periodic inspections, fire alarms, emergency light and portable appliance testing and fire extinguishers.


Without the worry and pressure of having to chase down contractors for quotes or to complete works, the client is free to focus on the core business.


National Delivery Capability, with a Strong Midlands Base.


For further details call Managing Director, Ken Passey on 07917 004939 or Email: ken.passey@revo.uk.com


Head Office: 23­24 The Arches, Alma Road, Windsor, Berkshire SL4 1QZ Registered Office: Belmont Place, Belmont Road, Maidenhead, Berkshire SL6 6TB. T: 01753 829980 November 2017 CHAMBERLINK 65


Compliance Services


Revo Compliance Services focuses on delivering statutory testing to its clients; giving customers peace of mind that their responsibilities governed in law are satisfied.


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72