News New £180k Bursary Will Support Minority Ethnic
Students to Work in UK Property Industry Chancerygate Foundation have announced a new £180,000 bursary programme to enable more black and minority ethnic students to study at London South Bank University (LSBU) and build careers in the property industry.
The £180,000 bursary programme will support students who are black and minority ethnic to study RICS-accredited chartered surveying courses at LSBU over their three year course from October 2021. The programme will support 6 students with £10,000 a year for their living expenses in LSBU courses which lead to Royal Institution of Chartered Surveyors (RICS) accreditation. The programme supports LSBU’s work with the Bridge Group on increasing diversity in the UK’s property industry. Only 1.6% of RICS professionals in the UK are from black or ethnic minority backgrounds (RICS 2020).
The not-for-profit Chancerygate Foundation was established in 2020 to create an inclusive and diverse UK real estate sector where people from disadvantaged black and minority ethnic backgrounds can succeed. The Chancerygate Foundation offers bursaries to qualifying students, allowing them to accredited courses.
access RICS-
Amanda Walker, a Director of the Chancerygate Foundation, said, “It might seem hard to
Europa Capital and St Congar Land Sell Former Ford Works in Dagenham
Following four years of extensive remediation, Europa Capital and its joint venture partner St Congar Land, announces that it has completed the sale of Dagenham Dock, the site of the former Ford Stamping Works, to Peabody housing association.
Peabody is working closely with Barking and Dagenham Council, BeFirst and the Greater London Authority to explore the delivery of a high quality residential-led masterplan comprising 3,100+ new homes, of which over 1,500 will be affordable at Dagenham Dock.
Since acquiring the 44-acre brownfield site in 2016 on behalf of its value add fund, Europa Fund IV, Europa Capital, advised by St Congar, has undertaken extensive remediation works over the last four years, involving the extraction of 322,000 tonnes of material, 98% of which has been recycled.
Hugo Black, Partner at Europa Capital, commented: “Back in 2016 we recognised the massive potential of Dagenham Dock, a site rare in its scale and steeped in history. Demand for land in London on which to build affordably priced housing has outstripped supply for some time. Having undertaken a thorough remediation of the site, we have created land suitable for development of new homes.”
Europa Capital and St Congar were advised on the sale by Savills and Cushman Wakefield.
6
believe, but the real estate sector is actually less diverse than the House of Commons. There’s a report recently published by the Bridge Group that makes for sobering reading. The perception is that real estate is a world where it’s still very much about who you know, and the evidence backs that up. That’s exactly what we are hoping to tackle through the work of the Chancerygate Foundation. We want to inspire people from black and minority ethnic backgrounds who would not have considered a career in this sector – and to encourage them to believe that it’s possible.”
Professor George Ofori, Dean of The Built Environment and Architecture school at LSBU, said: “The £180,000 bursary from Chancerygate Foundation will make a huge difference, supporting more black and minority ethnic students to study at LSBU and gain the qualifications they need to work in chartered surveying roles in the property industry.
This
AXA IM Alts Agrees Forward Funding for 107,660 sq ft Bristol Development
AXA IM Alts, a global leader in alternative investments with c. €157 billion of assets under management 1, has signed a £20.6 million forward funding agreement, on behalf of clients, to develop a pre- let, high tech manufacturing facility at Central Approach, Bristol. It has acquired the site from Trebor Developments and Hillwood.
incredibly kind donation by
Chancerygate Foundation will support LSBU’s ‘No Barriers to Brilliance programme’ which is widening opportunities for our students and will increase diversity in the UK’s property industry.”
For more details please contact: Joe Derrett, LSBU Media Manager 07710 559 639 /
derrettj@lsbu.ac.uk
Strong Demand Drives Second Phase of Devon Business Park
With the first phase of Mercury Business Park in Cullompton almost fully occupied shortly after completion, developers GPG Developments are now embarking on a second phase to deliver a further 19,474 sq ft of industrial space later this year.
All Phase 1 units have been let or sold in recent months to a variety of local and regional occupiers who have traded strongly through the pandemic, as well as investors, say property consultants Alder King and JLL who brokered the deals. As a result work will now begin on two further small unit blocks which will be available by the year end. Unit sizes start at 758 sq ft.
Noel Stevens, partner at Alder King, said: “Questions about whether demand for industrial space might have peaked are obviously not relevant in Devon, where we have very limited supply yet consistently strong demand. As a result of the success achieved with Phase 1 at Mercury Business Park, we will continue to deliver premises at the top end of the market, quoting freehold and leasehold prices of £165 and £10 per sq ft respectively.”
Spencer Popham, Director at GPG Developments, said: “It’s clear from the response to the first phase of the business park that there is very strong demand for good quality units in this location, and we are delighted to now be able to press ahead with the second phase.” More information about Mercury Business Park is available via
www.alderking.com
The 107,660 sq ft facility is fully pre-let to leading manufacturing and research firm Oxford Instruments on a 20 year lease, and is due to complete in March 2022.
The property will serve as a state-of- the-art new manufacturing and office HQ for Oxford Instruments, and AXA IM Alts will look to develop the asset to achieve strong sustainability credentials including a BREEAM Very Good rating.
Rowbots Power in to Broadgate Quarter
Broadgate Quarter, the 456,000 sq ft office campus located at the junction of the City and Shoreditch, is set to become a new home to ROWBOTS, the unique rowing machine based complete fitness workout concept.
The new studio at Broadgate Quarter will be the second ROWBOTS site, following
the launch of its debut
centre in Fitzrovia, central London, which opened in 2019.
Operating from a ground floor unit on the corner of Appold and Worship Street, just a stone’s throw from both the bustling
Bishopsgate and the dynamic Curtain Road.
The start-up specialist fitness concept was co-founded by Wales and Real Madrid footballer Gareth Bale alongside Chief Executive Sam Green and brand specialist, Greg Zimmerman. As the exclusive partner of British Rowing, ROWBOTS is capitalising on the surge in popularity of indoor rowing to create a total fitness workout experience which focuses on the rowing machine to provide a complete physical workout while building mental strength and resilience.
COMMERCIAL PROPERTY MONTHLY 2021
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 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92
