North East Bradley Hall Named Among the Most Active Agencies


This included high profile deals such as the sale of Claremont House for £2.35million, 16 affordable homes sold to Thirteen Group for £2.23million and the letting of a 96,7367sq ft Merrington Lane Industrial Estate in Spennymoor.


industrial unit


Neil Hart, Group Managing Director at Bradley Hall, said: “This is a great achievement for everyone associated with Bradley Hall.


“As an independent company which has been rooted in the North East for 34 years, we are proud to be in a position where we are continuing to compete with some of the biggest names in the industry and this is testament to the fantastic collective effort and the incredible knowledge of our teams right across the region.”


Neil Hart


LEADING property firm Bradley Hall has once again been named among the North East’s most active property agencies.


The full-service property consultancy, which has seven branches stretching from Alnwick to Tees Valley, topped the EGI North East lettings and occupational sales ranking during the second quarter of 2022.


EGI’s On-Demand Rankings are calculated by the total amount of floorspace transacted, or total value for investment sales by property agencies across the UK.


Bradley Hall topped the rankings for all three North East counties included in the report – County Durham, Northumberland and Tyne & Wear – having closed 47 deals across the region from April to June.


Scarborough Group Partners with WCCS to Fund Bursary


Scarborough Group International (SGI), one of the UK’s leading regeneration and placemaking specialists, has partnered with the Worshipful Company of Chartered Surveyors (WCCS) to support a life-changing bursary scheme that will help talented students from non-traditional backgrounds to enter the property industry.


The WCCS Student Bursary Scheme is run in partnership with Pathways to Property. The aim is to create a diverse and inclusive property industry by giving financial support and guidance to students, who would like to study for a real estate degree but whose personal circumstances mean they are unable to attend university.


The Bursaries are being offered in collaboration with Pathways to Property, which manages the application process for students and is responsible for the administrative and safeguarding role throughout the students’ education.


In addition to providing financial support to cover a student’s living expenses while at university, SGI will offer ongoing mentoring throughout their degree as they enter the workplace.


The student that SGI has been paired with is studying a BA Honours degree in Urban Planning at the University of Newcastle.


54


The listing tops off what has already been a stellar year for the company, following the opening of its new Leeds head office and having seen the value of its sales, lettings and acquisitions exceed £160,000,000 in the year to May 2022.


Hart added: “The past few years have been a real challenge for the industry, so to be in a position where we are continuing to break records and expand into new areas is absolutely fantastic.


“Not only has this enabled our expansion into Yorkshire but it has also allowed us to create jobs across the business in almost every department, from surveying to planning and design and mortgages, and we’re excited to see what the future holds.


“While there will undoubtedly be challenges along the way, there is a real buzz around the North East at the moment and we’re confident that, as we look to the future, the region will continue to be seen as a desirable place for businesses to invest and grow.”


at


Keith Stewart MRICS Partner Naylors Gavin Black Reports: demand and this has led


Sentiment in the North East industrial market remains positive despite challenges from COVID 19, the war in Ukraine and increasing inflation, interest rates and energy costs. Key growth areas for the region continue to be the traditional manufacturing base as well as strong demand from parcel delivery and online retailers and this has been heightened particularly the latter from the pandemic where a lot of service provisions are being dealt with remotely or from home.


Recently the North East has seen two major announcements with Envision, a factory which will be built on the International Advanced Manufacturing


Park opposite Nissan,


Sunderland which will contain 1,100,000 sqft of manufacturing space. and British Volt who are building a further giga factory in Blyth, Northumberland. This is envisaged to house 2,000,000 sqft and also create 6,000 jobs both directly and indirectly in the supply chain.


Also the recent announcements Teesside where a Freeport has been announced which has been a major boost to the North East economy together with the Treasury moving to the North East and HMRC relocating 9,000 jobs to Pilgrim Street in Newcastle City Centre.


Industrial supply in the Tyne and Wear area and its key locations continue to be highly constrained giving limited supply and high


to


increasing


rents and capital values in prime industrial locations and this has shown no sign in weakening in the last 12 months or so. That said, we do expect the market to stabilise somewhat given the pressures as outlined above with regards rental and capital values. Currently headline rentals in the North East for new builds are £7.75-£8psf with second hand units £6-£7psf depending on size.


Location plays a key role in industrial requirements with close proximity to good communication links essential when trying to attract occupiers.


Preferred locations


for such uses continue to be centred on the A1 and A19 corridors, the key principle trunk roads running through the North East. Team Valley, Boldon, Follingsby, Washington, Cramlington, Newburn and Tyne Tunnel are key areas of success. These areas are very popular given the links they have to both the road network and other businesses.


New industrial developments coming forward at Hillthorn and Turbine in Washington which are due to complete Q4 this year have already seen high demand and good uptake whilst next year will see further development coming forward on Team Valley, Gateshead, Tyne Tunnel, North Shields and Durham. These are much needed to cope with increased demand with limited supply coming back into the market.


COMMERCIAL PROPERTY MONTHLY 2022


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