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| news BEVAN BRITTAN


practice, based in the firm’s Bristol office. Tim joins from TLT Solicitors where he was a partner. Tim specialises in Commercial


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Property with a particular emphasis on large scale development projects for landowners, and has acted on a number of nationally recognised mixed use development projects. His appointment takes Bevan


Brittan’s property practice to nine partners. Tim's biggest client is the Canal &


River Trust (the former British Waterways Board) for whom he has acted for many years. He also has a number of significant instructions for the Royal Borough of Kensington and Chelsea and a range of other public and private sector clients. Commenting on his appointment,


Mark Calverley, head of property at Bevan Brittan, said: “I am delighted that Tim is joining us. We are expanding our practice as demand for advice on property developments and transactions grows. His extensive experience will add to the strength and depth of our team.”


APPOINTS PARTNER


aw firm Bevan Brittan has appointed Tim Rowe as a partner in its property


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McCARTHY & STONE OPENS NEW OFFICE


roperty consultants Alder King have let the first floor office accommodation at


Blackbrook Gate 1 on Taunton’s Blackbrook Business Park to retirement housebuilder McCarthy & Stone. The housebuilder recently announced


the establishment of three new regional offices in the South West, North West and East Midlands as it looks to meet unprecedented growth for high quality retirement housing. It follows the successful launch of McCarthy & Stone’s regional office in North London in 2014. The establishment of a Taunton office,


led by a new senior management team with sales and land acquisition specialists, will enable the company to spearhead growth, particularly following the relaxation of planning rules enabling more homes to be built on brownfield sites. Andrew Maynard of Alder King’s


Taunton office said: “Blackbrook Business Park is strategically located off junction 26 of the M5 and just two miles from Taunton town centre so is ideally placed for McCarthy & Stone to access new development sites right across the South West.” McCarthy & Stone, the UK’s biggest


developer of retirement homes, has taken accommodation on the first floor.


BRISTOL PURCHASES CITY POINT


investment for £9,000,000, situated opposite Temple Meads Railway Station, in Bristol’s city centre. The Council, who already own the


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freehold interest, has purchased the long leasehold interest from Business Environment City Point Ltd on a sale and part leaseback basis. Business Environment is an established and successful serviced office operator with circa 600,000 sq.ft of work space in the UK. They have taken a 15 year unbroken lease on the 6 floors they occupy and will be paying 47% of the annual rental. Other office occupiers include


Purple Secure Systems Ltd, CTI Hotels Ltd, Top Web Ltd, LOM (UK) Ltd and Space engineering Services Limited. The ground floor is retail, occupied by Branches of Bristol and the Reckless Engineer Public House, which is sold off on a long lease. The investment generates an annual


income of £745,643 and the transaction reflects a net initial yield of 7.83%. Business Environment City Point


Limited was advised by Rothwell Property Consultants and Michael Elliott.


BRUTON KNOWLES APPOINTMENT L


UNITS 1, 4, 5 & 7 BADMINTON COURT STATION ROAD, YATE BS37 5HZ


VARIOUS REFURBISHED OFFICES TO LET 187.4 sq.m (2,017 sq.ft) to 1,021.3 sq.m (10,994 sq.ft)


eading Gloucester property specialists Bruton Knowles has strengthened its building surveying team with the appointment


of Mark James. Formerly with Kendall and Kingscott in Birmingham, Mark joins


a fast expanding team dealing with a steep increase in activity across all commercial sectors. Mark said: “I have spent the last 13 years working in Birmingham


but live in Stroud and know the county well. The commercial and residential building sector is going great guns and I am looking forward to joining an experienced team.” Senior Building Surveyor Mark’s clients include Knightstone,


Places for People, Guinness, Jephson/Stonewater, Curo, Sanctuary Sovereign and Bristol City Council housing department. Team Leader Angus Taylor said: “Mark’s appointment is timely given the team’s fast expanding workload”.


NEW OWNERS AT CASTLEMEAD O


The subject premises are situated in Yate, approximately 12 miles north of Bristol in a modern courtyard office


development fronting the main A432. Badminton Court is situated adjacent to Yate Railway Station and benefits from good access to the M4/M5 motorways.


Viewing & further information by appointment with the sole agents: www.hootons.co.uk


The Coach House, 1 Hurle Road, Clifton, Bristol, BS8 2SY Tel: 0117 933 9915 Email: commercial@hootons.co.uk


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val Real Estate has acquired the iconic Castlemead - the tallest high-rise office building in Bristol, standing at a


height of 80 metres over 18 floors. James Craig of Oval Real Estate commented: “Castlemead


holds huge potential with the current high quality tenant mix and the opportunity to invest in the building to make it a vibrant place to work; so close to the amenity of Cabot Circus. “The building was acquired in the knowledge that work was


needed to the vacant suites and reception; we have appointed architects Bush Consultancy to remodel the reception and marketing agents Knight Frank, JLL and HTC for the letting of forthcoming refurbished offices.” Ian Wills of JLL said: “The recently refurbished 16th & 17th


floors were in such high demand they were let before completion of the works.


COMMERCIAL PROPERTY MONTHLY 2016


ristol city council has purchased City Point, a 54,275 sq.ft office


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