The West Country


East Devon Offers the Premier Location to Live, Learn, Work and Play


From Exmouth, home to adventure watersports and gateway to the Jurassic Coast (a UNESCO World Heritage Site), to new homes and a new town centre at the 21st Century town of Cranbrook. On its doorstep is the award-winning Clyst Valley Regional Park which brings the best for health and wellbeing.


Nestling between this expansive Valley Park and Cranbrook is the Exeter and East Devon Enterprise Zone. Benefitting from over £100m of infrastructure investment, the Enterprise Zone enjoys a strategic location with active travel links and excellent road, rail and air travel close by. Exeter Airport is situated adjacent to the Enterprise Zone, offering flights to numerous major cities in the UK, Europe and the US with connections via Dublin.


The Zone is home to ground-breaking businesses addressing today’s challenges at our four complementary business parks with exemplar sustainability credentials, helping to fulfil the area’s vision for clean growth. The Zone’s simplified planning scheme accelerates sustainable development, as well as being flexible and responsive to changing demands.


The four sites at Exeter Science Park, Skypark, Power Park and Cranbrook town centre offer a variety of commercial space including office, workshop, laboratory, distribution and retail. They offer ‘build to suit’ options to meet bespoke requirements, like Stovax & Gazco. Combining numerous sites to one purpose-built 205,000 sq ft facility at Skypark affords Stovax & Gazco the right space to develop their diverse range of woodburning, multi-fuel, gas and electric stoves and fires. By incorporating the latest technology, insulation, and heat recovery and cooling systems in the new building, Stovax & Gazco have been able to both significantly reduce their commercial energy usage and impact on the environment, as well as drive the continued development of


a portfolio of stoves and fires that serve eco-conscious customers. Skypark has 36 business units available, providing over 36,000 sq ft of multi-functional commercial space from ONYX Business Parks.


Our Exeter Science Park low-carbon, STEMM destination will be home to the first net zero carbon hotel. Zeal Hotel will complement the Park’s existing net zero carbon buildings.


Locating your business to East Devon will bring additional advantages. Businesses from across East Devon can benefit from a range of grant funding streams including:


Innovation and Resilience Fund - a business grant scheme for new jobs, improved productivity and diversification;


Creative East Devon Fund – to enhance local culture, increased arts engagement and expand creative enterprise and skills;


Carbon Action Programme - on-site support to create carbon footprint surveys and action


plans alongside free


For more details please visit www.Eedez.com T: 01395 571 746


E: enterprisezone@eastdevon.gov.uk training. businesses could then apply for decarbonisation equipment grants. Participating


Cornwall’s ‘Call for Development Sites’ by Greg Oldrieve Vickery Holman


Cornwall Council, as Local Planning Authority, have begun a review of their current Development Plan which expires in 2030.


The underlying tenor for the new Plan is population growth. To do this there needs to be development of not only housing but also employment space, community infrastructure and tourist facilities. To support this development land will also be required for open spaces, biodiversity improvements and energy generation. The Plan will seek to create good development that reflects and improves on the county’s quality of life.


The Council have asked the community to identify land that it thinks would be suitable for development in the future i.e., the next 20 years. To be suitable the land should be adjacent to existing settlements, be at least 1 acre in size, and not be subject to any obvious development constraints e.g, within a Special Area of Conservation, Site of Special Scientific Interest or Flood Zone 3b.


The Council will review all sites nominated and create a Strategic Housing Land Availability Assessment (SHLAA) to help inform how it manages the future development in Cornwall. Whilst the SHLAA refers to housing the Call is land for all development including community uses.


This is an opportunity for the community of Cornwall to influence the future development of its homeland and landowners to promote their land for development. It should not be missed.


Vickery Holman has a specialist development team. Across the South West, we advise a wide range of clients, among them private residential and commercial developers; land owners, registered providers; banks and local authorities, dealing with urban brownfield sites; rural exception sites; greenfield and urban extensions; and single build plots, ensuring developments are financially viable and deliverable.


COMMERCIAL PROPERTY MONTHLY 2024


Can lease renewals be quick and easy? Yes, they can! We have recently completed a lease renewal for an office in Plymouth on behalf of a Landlord through a renewal by reference to the original lease. In the first instance, we provided a Market Rent report to the Landlord which provided our recommendations for the renewal. This report included evidence to support that the passing rent was in line with comparable properties, therefore an uplift at renewal would not be appropriate. In addition, the other terms of the lease were consistent with the type of occupation and comparable evidence. The original lease was straightforward and neither Landlord nor Tenant sought to change many terms at renewal. The most substantial amendment was the addition of a break option, at the request of the tenant due to a change in their working practices, which the Landlord was willing to approve due to the established relationship between both parties.


Making lease renewals quick and easy


The amendments to the existing lease were included within a schedule attached to the renewal lease setting out the variations to the existing lease. Adopting this approach meant that Heads of Terms were issued to the solicitors more quickly, saving time and professional fees for our client. While it can be more complex to review two documents at the next lease event, if the majority of the original terms of the lease remain appropriate for both parties, a renewal by reference to the original lease may be worth considering to simplify the lease renewal process. In practice, we see a renewal on this basis working well where the lease terms are to remain much the same and there is a good existing relationship between Landlord and Tenant.


If you own or occupy commercial property under a lease with an upcoming renewal and think this may be a beneficial process for you and the other parties involved, please get in touch to see how our Lease Advisory team can help.


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