| news AIRFIELD DRIVE
facility located at Airfield Drive, Aldridge, which has been developed on a speculative basis by Trebor Developments LLP and Kay Properties (Midlands) Limited.
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The building is under construction and will be completed in summer 2018, Accord have agreed terms on a 15 year lease with 10 year break option. The scheme benefits from grant
funding provided by the Black Country LEP and supported by Walsall Council. The building is one of few quality, new build, speculative, developments currently being delivered in the West Midlands in 2018 and has been brought forward by award winning Trebor Developments, West Midlands Commercial Developer of the Year. Bob Tattrie, Managing Partner, on
behalf of Trebor Developments/Kay Properties JV, commented, “We always strongly believed in the location as an excellent located site in the Black Country and our decision to build speculatively has been rewarded with an early transaction to let the building only a few weeks after starting construction”.
ccord have entered into a lease for a new build 56,000 sq.ft manufacturing
UPRIGHT MRI CENTRE
premises in West Didsbury and project managed the subsequent procurement and fit out process, to create the second Medserena Upright MRI Centre in the UK. Medserena Upright MRI Centres provide a superior patient experience and are equipped with an innovative Upright Positional MRI scanner; an open scanner suitable for claustrophobic patients, able to deliver unique and dynamic MRI studies of the brain, spine, knees and hip joints. The space requirements were therefore very specific; from a self- contained ground floor unit and a fit-out akin to a 5-Star hotel, to a floor loading capability of 145 tonnes, a minimum floor to celling height and a 400 KVA power supply requirement.
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Within four weeks, Matthews & Goodman located a suitable property; a 4000 sq ft ground floor unit within a residential development, located adjacent to a sub station capable of providing the required power.
Matthews & Goodman previously acquired premises for Medserena’s first Upright MRI Centre, an established, modern facility located in Kensington.
WOLVERHAMPTON BUSINESS PARK
he Capital Markets team of Knight Frank has sold One & Two Charter Court on Wolverhampton Business Park for £4,565,000. Acting on behalf of vendor Broadlands Wolverhampton Ltd, a JV between Peveril Securities Ltd and B&R Properties Ltd, it completed the freehold sale to Landlark Investments in a deal reflecting a Net Initial Yield of 6.45%. The purchaser was represented by BNP Paribas. One and Two Charter Court provide 2,120.5 sq.m (22,817 sq.ft) of office accommodation. Both properties are let to Charter Court Financial Services for a term in excess of 10 years. The recently Stock Exchange listed Charter Court Financial Services Group is expanding its presence at the park having recently committed to a new 2,286 sq.m (24,606 sq.ft) office building on the scheme together with a 250 space car park. Wolverhampton Business Park is situated at Junction 2 of the M54 motorway, four miles to the north of Wolverhampton city centre.
T BROMSGROVE OFFICE LETTING B
irmingham independent commercial property agency KWB has secured the largest Bromsgrove office letting for more
than two years. Acting with joint agents Redditch-based John Truslove, and on behalf of a private client, Malcolm Jones in KWB’s Office Agency Team, let 5,988 sq.ft at Java House, Aston Court, Bromsgrove Technology Park, Bromsgrove, B60 3AL, to RSM Partners, on a new 10 year lease. Bromsgrove-based RSM Partners Ltd provides IT support and
software services for IBM mainframe computers to clients across the globe. It is expanding into the space at Java House from its current Bromsgrove office.
Java House is a modern, purpose-built, two-storey, self-
contained office building located on Bromsgrove Technology Park, only two miles to the south-east of Bromsgrove town centre, with excellent links to the Midlands motorway and rail networks.
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evelopers Chase Commercial are partnering up with Wychavon District Council to develop a major expansion to Vale Business Park in Evesham, Worcestershire
D The site, owned by Wychavon District Council, equates to
approximately 28 acres with capacity to deliver over 500,000 sq.ft of new business accommodation to the south of Evesham. Much of the land was recently zoned for commercial development in the South Worcestershire Development Plan and benefited from £800,000 Growth Deal funding from Worcestershire Local Enterprise Partnership to construct a new access road. This provides a great opportunity to bring new development, new enterprise and new jobs to the area. The Council’s partnership with Chase Commercial is set to exploit this opportunity and see prompt delivery of new business units to the market.
COMMERCIAL PROPERTY MONTHLY 2018
energy company to new headquarters in Northampton, national commercial property consultancy Lambert Smith Hampton (LSH) announced today. LSH Northampton’s industrial team was appointed by corporate client Opus Energy to market a vacant 43,694 sq.ft industrial unit in Sandfield Close, Moulton Park. The building, which was acquired to accommodate staff car parking, was surplus to requirements following the decision to consolidate its operations in Northampton and move to the former County Council building John Dryden House. Ian Leather, head of office advisory for LSH Northampton and client director for Opus Energy, worked with the LSH industrial team who agreed a five-year letting on the Sandfield Close premises with Panther Logistics.
A VALE BUSINESS PARK
ational commercial property advisers Matthews & Goodman have acquired
ANNOUNCES CHANGES S
t. Modwen Properties PLC, the UK’s leading regeneration specialist, announces the appointment of Jamie Hopkins as a non-executive director with effect from 1st March 2018.
Jamie is Jamie Hopkins
currently the Chief Executive Officer at Workspace Group plc, a position that he has held since April 2012 having joined the board as a non- executive director in June
2010. Jamie has significant experience and knowledge in the property sector. He was formerly Chief Executive and then a non-executive director of Mapeley plc and a director of Chester Properties. He has also acted as a director of Delancey Estates and Savills. Jamie will join the Audit, Remuneration and Nomination Committees of the Board. It is further announced that, due to
other portfolio commitments, Richard Mully, Senior Independent Director, will be stepping down.
COMPLEX TRANSACTIONS
complex string of property transactions has been successfully concluded following the relocation of a national
ST. MODWEN
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