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News In Brief News in Brief


Flexible workspace specialist broker, GKRE has advised EPIC on its joint-venture deal with flexible office operator Orega comprising 11,000 sq ft of office space at Grade II listed St Paul’s House in Leeds. It is the second deal between Orega and EPIC this year. GKRE Director, Douglas Green said an increasing number of property owners were entering the flexible office market through joint venture management agreements.


Commercial property agent Box Property has secured two London premises on behalf of menswear brand Universal Works – a shop in the 100,000 sq. ft King’s Cross development Coal Drops Yard and another 1,314 sq. ft shop in Soho.


SMEs relocating their workspace due to growth can save significant capex by opting for a packaged, flexible leasing option instead of the traditional lease, says Portal Group. Packaged models combine fit-out and project management costs, allowing for accurate budget forecasting.


Stantec has appointed David Hedley as finance director for its Europe, India and Middle East Region. He will with work with the Stantec leadership team to drive business performance and growth across the regions


Construction on the Newnham Building has begun at Chesterford Research Park. Scheduled for completion in May 2020, the Newnham Building will provide 3,484 sq m of fully fitted laboratory and write up space at the heart of the Cambridge biotech cluster.


European law firm Fieldfisher has hired Iain Thomas and Christian Francis as partners in its real estate finance team. Iain and Christian join from DWF, where they were head of real estate finance and partner in the banking team, respectively.


CitySuites, a luxury serviced apartment block in Manchester, has used CP Electronics’ D-Mate® room control system to create and control the ambiance in communal areas of the building, including the reception, gym and pool


Future Generation has acquired The Cola Factory in Cork, Ireland, to create a flagship 600-bed student accommodation scheme. The acquisition is Future Generation’s first outside of the UK and marks the start of a major European student accommodation development programme.


A leading property company has announced the appointment of a new Managing Partner. Fisher German has announced that current Chief Operating Officer Andrew Bridge, who holds more than 23 years’ experience within the firm, has been appointed to the role.


For the first time customers will be able to make bookings for YourParkingSpace.co.uk spaces where electric vehicle charging is available directly through Zap-Map.com, the UK’s number 1 platform for finding EV charge points.


Could Facilities Management financing solutions save the High Street? Jeff Alden, Director of Operations at SPIE UK One factor compounding the decline of British High Streets is retailers’ legacy estates – surging rents, long lease periods and ageing property, but don’t have budget to combat these issues. New financing solutions from facilities management companies could be the answer


Two thirds (66%) of property professionals in the UK believe retail premises could be the biggest untapped resource for new residential development, according to a new report by real estate technology provider MRI Software. Colin O’Reilly, Sales Director


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at the company, said: “The challenges faced by retail won’t be solved be a shift to residential, but the trend will be a significant boost to opportunities for property owners.” The report, Charting UK Property Trends, gauged responses from 144 senior property experts on a number of economic, political and technological issues affecting the industry.


Big businesses in England and Wales are squandering £10 billion a year on under-used office space, a new study shows. The report by flexible workplace specialist Abintra draws together data from its work with more than 100 corporations worldwide with government and property industry figures to put hard numbers on the issue for the first time.


A bold strategy to use a major housing delivery programme to fulfil Exeter’s potential, making it a healthier and more prosperous place, has been unveiled by the city council. Liveable Exeter was prepared by LDA Design and shows how the Council’s plans for 12,000 new homes by 2040 will benefit existing communities.


The Leeds office of leading property consultancy Dove Haigh Phillips (DHP) has concluded a significant deal at the Lowfields Industrial Estate in Elland, West Yorkshire, on behalf of landlords The Waddington and Ledger Group. DHP have completed the letting of a 58,000 sq ft industrial warehouse to Colchester Machine Tool Solutions (CMTS), part of the London-based 600 Group UK, leading manufacturer and distributor of machine tools who have taken a 15-year lease


Alder King Planning Consultants, acting on behalf of Freemantle Developments Limited, have secured a resolution to grant planning permission for a backland residential development in the heart of Wellington in Somerset. Planning permission was granted at Taunton Deane Borough Council’s planning committee for the erection of 34 new build dwellings and Listed Building Consent for the conversion, alteration and extension of number 3 Cornhill to create four flats and the conversion of numbers 4-6 Cornhill to provide four town houses


Tungsten Properties, the Leicestershire-based industrial and warehouse development company, has secured planning permission for the development of four high specification logistics units at Tungsten Park, Bardon Road, Coalville in Leicestershire.


Tungsten Park Bardon is an 11.26-acre site that was acquired unconditionally in September 2018 from Aggregate Industries Ltd in an off-market transaction. The site is near to M1, Junction 22 and the established prime logistics location and planning permission has been granted by North West Leicestershire District Council to build four units totalling 187,000 sq ft of logistics space.


Independent cinema group Scott Cinemas - which owns the popular Henleaze Orpheus cinema - is planning to open a new three- screen cinema in South Bristol.


The South West cinema operator has signed an agreement with Bristol-based developer Firmstone Consortia One to run a new cinema at St Catherine's Place, a beleaguered shopping centre in Bedminster


Bruton Knowles Gloucester office has had one of its most buoyant starts to a new year, securing a number of lettings and sales for key properties. From a quarry turned into aholiday destination, to a dairy transformed into residential use, the team has showcased its skill set and ability to quickly and efficiently market a range of properties across the commercial sector


COMMERCIAL PROPERTY MONTHLY 2019


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