| eastern counties
ENERGY INVESTMENT OPPORTUNITIES ON ENTERPRISE ZONE AT GREAT YARMOUTH
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fantastic opportunity to grow and invest, the top-performing Enterprise
Zone at Beacon Park and South Denes offers a range of benefits for expanding business in the offshore energy sector, including simplified planning. As England’s offshore energy capital, with a skilled and sizeable supply chain developed over more than half a century, Great Yarmouth is anticipating a share of £39bn of energy investment over the next 20 years.
The Great Yarmouth and Lowestoft
Enterprise Zone, which focuses on growing energy sector-related businesses within the East of England Energy Zone, is focussed at two key areas in Great Yarmouth that are the ideal locations for businesses looking to exploit these exciting opportunities. Beacon Park is a fully-landscaped 19.5ha site offering a range of high-quality, ready-built offices and industrial units of various sizes for businesses seeking immediate occupation, as well as bespoke design-and-build opportunities. Great Yarmouth Borough Council, the
park’s owner and developer, has made significant investment in units and infrastructure as part of its commitment to supporting businesses, and works closely with companies looking to move in. The Enterprise Zone area at South Denes covers about 60ha of land in and around the port area, featuring land ripe for development and for storage and laydown, and is uniquely situated for businesses to take advantage of the burgeoning offshore energy industry. It is next to Great Yarmouth Energy
Park, a 20ha area of existing employment land, where a number of sites are available for energy and port-related companies.
Both the Enterprise Zone and Energy
Park at South Denes are enveloped by a wider Local Development Order which allows for a simplified planning process for businesses in the energy, port and logistics sectors.
Contact the Economic Development team on 01493 846477. Visit
www.great-yarmouth.gov.uk/invest
FENN WRIGHT CELEBRATES 250 YEARS OF
SUCCESSFUL BUSINESS E
ssex and Suffolk based estate agents and chartered surveyors, Fenn Wright is celebrating a major milestone of 250 years in business. As one of the longest established firms in the county, Fenn Wright started out in the late 1700s, evolving over time into the successful firm we know today. Key to the company’s rich history was
John Fenn who was the fifth in succession from a family of land and estate agents, and was responsible for inviting George T Wright to join in partnership after the First World War. It was at this point that the name Fenn Wright emerged. The company has had a presence on
1 Buttermarket, Ipswich, since the late 1700s and on Colchester’s High Street since 1874. Today, Fenn Wright has eight residential branches across the region and a much bigger commercial arm through the recent acquisitions of Taylor & Co and Newman Commercial. Fenn Wright’s extraordinary history features a number of incredible tales and
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artefacts from bygone times. Among the stories told, during World War II, Fenn Wright employees played their part by manning anti-aircraft guns at a time when doodlebugs were being sent across our skies towards London. Afterwards they would head back to their office and resume business as usual. Alan Williams, Managing Partner, said:
“Not many businesses have such an extraordinary and interesting history. At Fenn Wright, we recognise that our success is a reflection of our consistent focus on client care and excellent customer service. Our reputation for being a business that people can trust is something that we intend to maintain for the next 250 years! “While we are proud of the rich
history that has formed today’s Fenn Wright, we are equally driven to ensure the business remains as relevant and up- to-date as it ever was. That is why we are expanding both the residential and, more recently, the commercial parts of our business.”
E INVESTMENT UP I
nvestment in commercial property across the East of England was up in the final quarter of 2017 and above the five- year average, national commercial property consultancy Lambert Smith Hampton (LSH) has revealed. LSH’s UK Investment Transactions
(UKIT) report shows that in Q4 investment in the region stood at £0.6bn, against a five-year average of just over £0.35bn.
The findings of the UKIT report
demonstrates that the area’s success reflects equally strong investment performance across the country. Peter Williams, operations director at
LSH Lincoln, said: “An intriguing year lies ahead for real estate across the East of England, one characterised by both risk aversion and pockets of opportunity.” The UKIT report reveals that total
investment volume in the regions outside London was £7.0bn in Q4, the second strongest quarter on record, behind Q4 2006. It brings the annual total for 2017 to £20.9bn, its best year since 2006. Across the national industrial sector, 2017 ended with a flourish, with the Q4 volume of £16.5bn being the highest since Q2 2015. It pushed the annual total to £58.8bn, which is up 25% on 2016 and 38% above the ten-year annual average.
PLANS FOR EAST SQUARE MOVE ANOTHER STEP FORWARD
xciting plans for Basildon Town Centre including a 10 screen cinema and a host of new restaurants have taken another step forward.
A planning application has been submitted for Basildon’s East Square following the approval of funding for the scheme in December last year. Cllr Alan Ball, Basildon Council’s Chairman of the Regeneration and Environment Committee, said: “This development is a great opportunity to boost the local economy and provide new jobs for local people. “We want East Square to be a destination of choice rather than convenience and are committed to creating a vibrant town centre with a viable night- time economy.”
The proposals include a 10 screen cinema, six units allocated for restaurant use as well as enhancement to the public realm.
COMMERCIAL PROPERTY MONTHLY 2018
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