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In My View – Ian Brooks – Pph Commercial Regional News

The last 12 months in the Doncaster commercial/industrial market has been generally stable although poor stock levels, especially in the industrial/distribution/ production sector has held back momentum and frustrated the positive location plans of a number of companies. Industrial premises to buy are in strong demand pushing forward capital values. The Bullrush Business Park

adjacent to Junction 3 of the M18, the Marrtree Business Park off Wheatley Hall Road and Sky Park adjacent to the main terminal building to the Doncaster-Sheffield Airport are either at or approaching full occupation following recent lettings. The strength of the market should allow for rental growth in the short to mid-term providing the passage through the Brexit process is well managed at the macro level.

The Doncaster office market is benefiting from little new development in the last 3-5 year period. The Hayfield Business Park, close to the Doncaster-Sheffield Airport is now largely fully occupied. Richmond Business Park, adjacent to White Rose Way, provides the best opportunities close to the town centre and the regions extensive motorway network when units are periodically returned to the landlord at lease end/break date positions and fully refurbished before return to the market. Currently Unit 1, Don House, with a gross internal floor area of 2,500 sq ft with extensive frontage car parking is available at an asking rent based on £10.50 per sq ft.

The Doncaster retail market is facing the challenges of High Street’s

Palace Capital PLC - Appointment of Paula Dillon as a Non-Executive Director

Palace Capital (LSE: PCA) the Main Market listed real es- tate investment company that has a diversified port- folio of UK commercial real estate in carefully selected locations outside London, is pleased to announce the ap- pointment of Paula Dillon as a Non-Executive Director of the Company with effect from 1st March 2020.

Paula is a qualified lawyer who specialised in the real estate sector for more than 30 years. During this time Paula worked on some of the largest developments in the north of England. Paula recently retired from Womble Bond Dickinson LLP, which she joined in 2013 and where she spearheaded the growth of the firm’s Leeds office.

Paula served on the US/UK board of Womble Bond Dick- inson

LLP and was the board sponsor for Diversity and Inclusion.

Outside of her extensive legal career, Paula served on the board of Opera North between 2009 and 2017 before stepping down to be- come the first female President of the Leeds Chamber of Commerce in 2017. Paula currently serves as vice-chair on the board of the West and North Yorkshire Chamber of Commerce.

The Company confirms that no other disclosures are required pur- suant to LR9.6.13R.


throughout the country with the weakness of multiple traders, the long shadow of the internet, business rate pressures and car parking concerns to the fore. The continuing theme is likely to be over- capacity on the High Street with new openings not able to replace closures at a fast enough rate to maintain the status quo. Residential conversion opportunities remain market friendly and shops with “uppers” ready for conversion to dwelling units are in steady demand.

On the investment front, industrial and office opportunities let to good covenants on longer leases, preferably with index driven rent reviews, continue to be well regarded at stronger yield levels than previously paid, as investor appetite has spread to the Yorkshire and Humberside area from historically better performing locations in the United Kingdom.

Doncaster Council is still actively engaged in the town centre with works taking place to upgrade the railway forecourt, pedestrianize Silver Street and Hall Gate, create a new waterfront zone with marina facilities alongside the Doncaster College and develop a new feature retail/leisure offer next to the Cast theatre on Waterdale.

Infrastructure projects which have either been completed or are in progress including the opening of Phase II of the Yorkshire Way link road to the Airport in summer 2018, the proposed “Project Unity” regeneration development to provide industrial/warehousing units on a 180 acre site at Junction 5 of the M18 and plans for the PGA standard golf course at Rossington Hall, all give grounds for optimism that the local economy and key players have the ambition and drive to move Doncaster forward in the next few years.

Barwood Capital secures eight multi-let industrial estates totalling over £38 million with Caisson Investment Management

Barwood Capital, the Northampton-based UK regional real-estate specialist, has acquired seven multi-let industrial estates for its 2017 Regional Property Fund in Nottingham, Bromborough, Corby, Dumbarton, Warrington, Livingston and Birmingham through Caisson Investment Management as the asset manager totalling more than £38 million. A further estate in the North West is under offer.

The acquisitions follow the announcement in October 2018 that Barwood Capital had committed up to £15 million of equity for Caisson to aggregate a portfolio of up to £40 million of UK multi-let industrial estates to gain specific exposure to the sector in order for its investors to benefit from secure income, capital growth and renewable energy income.

The news follows the recent announcement that Barwood Capital has raised £48 million for its fifth commercial property fund, Barwood Regional Property Growth Fund IV, for which it continues to seek large industrial estates, alternatives and selective offices requiring between £5 million to £10 million equity with refurbishment and development opportunities.

For further information, please visit COMMERCIAL PROPERTY MONTHLY 2020

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