news in brief |


A new report released today by The Local Government Council Consortium Group (LG- CCG), in partnership with Public Sector Plc (PSP), highlights the benefits of an alternative, fourth option, local authority property model. Titled ‘Putting relationships first to unlock property value within the public sector’, the report explores how the innovative model of ‘Relational Partnering’ is offering the public sector the ability to ‘in-source’ additional skills and resources to enhance their capacity and obtain greater value from their property estates.


A European manufacturer is opening its first UK site in Worcestershire after seeing major growth in sales. Coda UK, which specialises in the sale and distribution of products used in the entertainment industry, is opening a new office at Ratio Park, in Kidderminster.


Ei Commercial Properties, the Ei Group business which manages a developing portfolio of assets leased to third parties, has further strengthened its relationship with barbecue restaurant chain Hickory’s Smokehouse.


National motor retailer Lookers has announced solid underlying growth in its positive 2017 results, despite the challenges facing the wider market place. The annual results for the year ending 31 December 2017 illustrate a continuing growth trend in all areas of the business, with an increased turnover.


ASSA ABLOY, the global leader in door opening solutions, has launched its new eCLIQ electronic locking system through ASSA ABLOY Security Solutions, offering users reliable protection and maximum flexibility for a wide range of buildings and facilities.


Women in Property has announced its new Midlands Chairman for 2018/19. Lucy Close takes on the role from March 2018, for one year. Lucy Close, who has been a member of Women in Property for three years, is a solicitor in the Planning & Environment and Energy & Infrastructure team at Pinsent Masons based in Birmingham.


Bull Products, a manufacturer of life-saving fire protection equipment suggests having an intruder alarm unit on site. The price of protecting your site and workers is invaluable but if preventative measures are not put in place from the beginning, this can cause major project delays and financial strain on a business.


The Engine Yard is a commercial facility being created from a cluster of buildings originally used to house maintenance workshops (that serviced the Castle and other properties on the 15,000 acre Belvoir estate).


COMMERCIAL PROPERTY MONTHLY 2018


Platform, a build-to-rent developer- operator, has appointed the head of investors relations at British Land as finance director, and boosted its development team with two new project managers.


The Jason Works, on Clarence Street a former multi-storey factory in Loughborough has had its second floor converted to become open-plan shared office space, suitable for creative industries and start-ups, available through local property specialists Mather Jamie.


Barwood Capital, the Northampton-based real estate investment and development business, has appointed Hugh Elrington as a board director and head of property. Hugh will join in April 2018 from Rockspring Property Investment Managers LLP.


Industrial specialist LM6 has announced the sale of the 30,757 sq.ft Fortune House in Aintree to Guernsey based Jolivet Investments. The building, which was sold on behalf of St James’s Street Property Management Limited, will now be extensively re-configured and re-furbished following further investment by the buyer. Commenting on the sale, Phil Morley of LM6, said: “The purchase is an endorsement of the local industrial market where Jolivet Investments have completed a series of successful refurbishments in the Liverpool City Region. Following the programmed works the scheme will offer much needed quality, warehousing which will be available to lease or buy at £4.75/sq.ft or £ 1.7million respectively.”


Incentive FM Consultancy, part of Incentive FM Group, has been chosen to help further improve the standard of cleanliness at London Luton Airport (LLA). It will support LLA’s recent £150 million investment to upgrade the airport and increase capacity by 50% to 18 million passengers by 2020.


Combining the accuracy of 3D Point Cloud Scanning with the ease of a modern web based asset management platform, ScanTrak has just launched as a disruptive innovative solution for the FM industry. Developed by two industry leading companies, RSE Technologies and TRACKIT, ScanTrak combines specialist knowledge into one innovative platform.


Airlite is a paint that you put on the outside or inside of your house (or any other building for that matter). It comes in 180 colours and there is also a clear coating for brickwork and stone. The technology in Airlite works with daylight to create a catalytic reaction that effectively neutralises pollution, mould, bacteria and bugs. The inorganic, mineral paint can remove more than 88% of airborne pollutant particles and over 99% of mould and bacteria spores. It also gets rid of bad odours.


Thursday 15th February saw Sutton Kersh’s first property auction of 2018. A fantastic day that was packed with only very little standing room left; they were also joined by Homes Under The Hammer who were filming for the show. A total of £7.9m was raised during the 4.5hr auction.


Business women from Pembrokeshire are making their mark at Milford Waterfront. During the past twelve months, a number of new businesses have opened their doors to the thousands of visitors and locals choosing to spend their time shopping and socialising in waterfront surroundings. Milford Waterfront is fast becoming a go-to destination for fashion followers and is home to two award-winning stores.


Peldon Rose, the award winning workplace consultants and office design specialists, completed office design for XTX Markets, a leading electronic market maker, which provides liquidity across the foreign exchange, commodities, derivatives and equity markets, located in the R7 building in King’s Cross, one of London’s fastest- growing tech hubs.


The new Thermapen IR is two instruments in one compact unit, combining the advanced technology of two ETI designed and manufactured products, the RayTemp 2 Plus infrared thermometer and Thermapen 4 digital probe thermometer.


Building work at Liverpool Waters, one of Europe’s largest redevelopment projects, is officially underway after a ground-breaking ceremony for Plaza 1821 marked the beginning of a wave of construction work at Princes Dock.


Fresh onto the market, a newly renovated building in Neath Abbey has become the latest South Wales base for national retailer Greggs. Lambert Smith Hampton (LSH) acting on behalf of the property’s private owners MMR Holdings, has let 1,390 sq.ft of accommodation to the food-on-the-go retailer on New Road, one of the main thoroughfares within the town.


Caxtons Chartered Surveyors has completed on a deal to let 6 Conqueror Court, Sittingbourne – 1,692 sq.ft of modern office space – on a new full repairing and insuring lease until January 2026. 6 Conqueror Court is a ground floor self-contained office with 7 parking places and is located just 2 miles from the London to Dover M2 motorway.


A multi-million pound trading estate development in the West Midlands has secured an occupier before the unit has reached completion, commercial property company Goold Estates has announced. The undisclosed occupier has signed a 10- year lease on a 10,000 sq.ft unit at Steelpark Trading Estate in Wednesfield.


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