Regional News
Mableson Hall new projects A
brace of new projects are currently keeping property consultants, project managers and contract administrators, Mableson Hall busy.
The company was established in June 2018 by Jamie Mableson and Gerald Hall, who between them have over 55 years’ experience in the property and construction industries.
The first project is a category B refurbishment for major north east tech company Mediaworks as they move their 90 strong workforce from their current offices in Team Valley to their new home at Honeycomb, at The Watermark in Gateshead.
Their second project is a Category A soft shell and core refurbishment of the former Responsive Engineering facilities on Kingsway South, Team Valley. Client, Express Holdings are refurbishing the building which consists of four industrial units around a central atrium and offices for future letting.
Mableson Hall have also developed their own bespoke cloud based development appraisal and investment analysis software which can been used for strategic sensitivity analysis and forensic reporting.
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Two new buildings at Capitol Park Barnsley
eading Yorkshire developers CDP Marshall have completed two new speculative buildings at the successful Capitol Park Barnsley at Junction 37 of the M1.
Unit B, which comprises 23,900 sq ft of prime industrial space, has already been let to Yorkshire conservatory specialists SolarFrame Holdings.
SolarFrame have signed a 10-year lease at a rent of £5.75 per sq ft.
The 15,000 sq ft Unit C is available for sale or to lease, with immediate occupation.
Both buildings are located on a 12.63 acre site, which was granted planning permission for general industrial use, together with storage and distribution facilities. Once fully developed, 500 jobs will be created at latest phase of development at Capitol Park, as it is transformed into a quality industrial and business location.
More details from Knight Frank Leeds
Save on empty rates P
roperty owners throughout the United Kingdom could be unnecessarily spending millions of pounds every year on their empty properties.
The introduction of 100% business rates on empty commercial premises in 2008 essentially created a tax on failure.
The majority of empty properties are unoccupied because the landlord is struggling to find a tenant rather than through choice.
A lack of rental income is bad enough but having to pay business rates as well compounds the owner’s cash flow problems, is a drain on their resources and can be crippling to the landlords business.
Fear not, there are solutions out there to reduce these charges and fusemedia offers such a scheme covering empty properties in England and Wales. Fusemedia’s rates mitigation solution is completely legal, discrete, non- obtrusive and requires no fixing or alteration to the property.
The solution can be utilised in any commercial property of any size. It could a large industrial unit, an office or even a small retail premises on a local high street.
Bank and Clients PLC
Commercial real estate loans £1m to £4m
Secured by light industrial, office, retail or hotel/leisure assets
We provide swift decision-making and pride ourselves on our ability to execute quickly and efficiently
email
alex.banbury@
bankandclients.com or
philip.kay@bankandclients.com
or call 0203 910 0788
www.bankandclients.com/commercial-property
B&C is authorised by the Prudential Regulation Authority (PRA) and regulated by the PRA and the Financial Conduct Authority
Bank targets Investors seeking Property Finance for £2m-£5m Investments
I
n the world of commercial property investment, banks seem to have two sweetspots – the large multi-million clients financing large tower blocks in central business districts; and individual investors who are branching out from residential buy-to-let into acquiring one or two local shops. Ironically, the investor group who has been neglected are those who have invested in commercial property for more than a decade, have learned the pitfalls and advantages of various regional markets and have hard-won experience in managing their investments for the long-term.
A number of smaller banks are now actively targeting this under-served segment of the market, including B&C Plc, a private bank based in London. “We are finding that there’s plenty of interest among established local investors in a bank who can provide a swift and predictable service but which is also looking for clients who have an established track record”, said Nigel Das, who heads the Commercial Property Loans team at B&C. “Often we are refinancing a larger bank who has informed the client that they are no longer actively seeking exposures below £10m. In other circumstances, a local branch will support the transaction, but it will get held up in a centralised credit process – all of which results in more referrals for us. We operate from a single office and can provide a large- bank service with the benefits of a transparent credit process, which can often result in an approval in 2-3 weeks.”
The result of this approach has been significant interest from regional investors and brokers alike.
14 COMMERCIAL PROPERTY MONTHLY 2018
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