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The North West 2020 Annual Survey Caddick Construction open new office in Cumbria as part of North West growth success


Caddick Construction has opened a new satellite office in Kendal, Cumbria, after winning a number of significant projects in the region. The new office at Helm Bank will provide a permanent base for key members of the north west team and is located on the outskirts of Kendal.


The satellite office will run in tandem to the firm’s current headquarters at Warrington, where the bulk of the Caddick North West team are based. It is hoped that having a local presence will enable the business to develop further opportunities in the North Lancashire and Cumbria area and assist in developing both client and supply chain relationships.


Caddick North West Managing Director Ian Threadgold said: “We chose Kendal primarily because of the number of projects we have


Spotlight – South Lakes


some areas, industrial rents for smaller warehouses and those with trade counter use have more than doubled. This pattern is evident in Kendal where Edwin Thompson have recently let a number of warehouse units achieving rents of £7.00-£8.00 per sq ft plus for stock that eight years ago would have been half that level”.


In these uncertain times, particularly for the retail market and high street, a northern firm of chartered surveyors is bucking the trend by opening their fourth Cumbrian office and seventh in the north of England and Scottish Borders. Edwin Thompson have acquired a shop premises in the popular market town of Kendal which follows a natural expansion southwards from their Carlisle, Keswick and Windermere offices and to provide a wide range of services including agency and development advice, valuations, property management, rural services, forestry & woodland, building surveys and architectural work. The confidence to open a new office comes off the back of growth within the commercial property department and with nine qualified surveyors and a team of 40 servicing the Cumbria and North Lancashire markets, Edwin Thompson are the largest firm in the region and well placed to offer clients quality advice across all land and property sectors.


John Haley, Partner of the Commercial Property Department, feels that the market is strong in the South Lakeland area and comments “we have seen steady growth in recent years, particularly the warehouse market where demand is good in most of the main towns and with a restricted supply, rents and capital values have increased and are likely to retain these levels with limited plans to build more units. In


COMMERCIAL PROPERTY MONTHLY 2020


The other area of notable growth enjoyed by the Lake District National Park and surrounding areas is the guesthouse and hotel market. Edwin Thompson specialise in the valuation and sale of trading leisure properties and have seen confidence grow in this sector. John comments “In the last three-four years, we have witnessed the accommodation market really improve, particularly for smaller guesthouses with lot sizes under £700,000. Trading properties that had been available for years have sold and purchasers are coming from outside Cumbria, often from the south and indeed abroad. Whilst sales are made on a trading basis, when you analyse the underlying bricks and mortar values, these properties offer really good value for money and often significantly below the underlying residential levels”. Edwin Thompson already act on many of the South Lakes’ main commercial schemes including office developments at Bridge Mills, Station House and Sand Aire House all in Kendal, Elephant Yard Shopping Centre which is one of the main retailing centres in the town centre and Quarry Rigg Shopping Centre in Bowness-on-Windermere. They have also recently been appointed sole agents on Waterfront Gateway in Barrow-in-Furness, a flagship Grade A office development on behalf of Barrow Borough Council.


The new Edwin Thompson office, which is on Stricklangate, Kendal’s prime retailing pitch, will open in March 2020 and compliments high profile lake district bases in Windermere and Keswick, perfect for showcasing commercial land and property.


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won in the region, and quite a few of our staff also live locally. Having a local base is ideal for us and our clients, and it also shows Caddick’s commitment to the area which we hope will continue to grow in the coming years.”


Projects that Caddick is currently working on across Cumbria include the £5.0m Beehive Business Park in Ulverston providing retail units for Marks & Spencer, Aldi & Screwfix; and a new £4.2m retail park at Gateway 44 for Carlisle City Council.


Recent projects already successfully completed in the region include the £4.2m Jaguar Landrover Dealership at Kendal for Kentdale Motors and the £6.7m Mercedes Dealership in Carlisle for Sytner. (See attached images).


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