Latest property articles


August 9, 2018

Elevate Property Group’s first South East venture


Category: Property News
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Pic cap: Steve Dodd, MD of Elevate Property Group and Adam Ball, director of J.A. Ball

Construction is well underway on Birmingham-based independent housebuilder Elevate Property Group’s first venture into the south east.
Elevate is building 216 apartments on a new development named Victoria Point on Victoria Road, Ashford. The site will also accommodate a 120-bedroom hotel.
Leicester construction company J A Ball Ltd has been appointed main contractor on the site and completion is scheduled for Spring 2020.
The £55 million project will include a selection of one, two and three bedroom apartments with prices currently ranging from £142,500 to £340,000.
The development boasts a concierge service and a superb residents’ lounge.
Most apartments have balconies or terraces with views over the landscaped gardens and the River Stour, and the penthouses benefit from roof gardens.
Steve Dodd, managing director of Elevate, said: “We were offered the opportunity to acquire this empty site directly opposite Ashford International railway station in a prime area of Kent. We recognised the tremendous potential with significant investment already made in the town and an ongoing commitment to other projects.
“Not only is Victoria Way just 36 minutes from London’s St Pancras International Station by rail, it also connects via HS1 to Lille in under an hour, Brussels in 1 hour 39 minutes and Paris and Brussels in under two hours via the high speed Eurostar services.”
Time to London stations ranges from 29 minutes to Stratford International to 60 minutes to Waterloo.
Steve Dodd said: “We are mindful that the ‘within one hour to London’ factor is a strong selling point, but such good access to Europe and the rest of the south east of England is also a tremendous plus.
“Ashford is an area that has long been marked for expansion and we are pleased to be able to contribute to the further economic growth of the town.”
Savills have been appointed as the selling agents. Currently available to reserve off plan following an initial release in May, 30% of which is now sold, the next tranche of units will be released in September.
Tom Bryant Savills director, residential development, said: “Ashford has a lot of growth potential helped by its excellent connectivity and this is being supported by strong endorsement and investment from local stakeholders.
“Victoria Point’s excellent specification and public realm will contribute to Ashford’s town centre identity and sense of place. This is gateway site for the town and we have seen strong demand from both the domestic and international market.”
Manny Aparicio of national construction consultancy Naismiths, said: “Naismiths are delighted to be acting as employers’ agents and quantity surveyors on this landmark scheme in Ashford. Elevate Property Group are known for delivering a quality product and we are looking forward to working alongside them to deliver their vision for this development.”
Elevate Property Group is a highly respected home builder, renowned for its quality of construction, service standards and timely delivery.
With its head office in Birmingham, it has many development interests in its home city and has recently acquired sites in Nottingham, Derby, Coventry, Gloucester, Hereford, Solihull and plans to deliver well over 1,000 new homes over the next 3 years.
Steve Dodd said: “Elevate Property group has expanded rapidly in the last few years and, along with joint venture partners Investin plc, has attracted significant financial backing for projects of this magnitude, we are open for business and are keen to receive more proposals like Victoria Point, and being independent we can make fast decisions”.
“We are committed to much-needed housing delivery in the south east and our intention is always to have our developments completed and occupied within two to three years of acquisition.
“We welcome expressions of interest from site owners, investors and local authorities,” he said.
Ends (617 words)
For further information, please contact:
Steve Dodd, Managing Director,
Elevate Property Group, St Pauls House, St Pauls Square, Birmingham B3 1RB
0121 272 5729
http://www.elevatepropertygroup.co.uk
http://www.facebook.com/elevatepropertygroupuk
http://instagram.com/elevatepropertygroup
Editors’ Notes
Elevate Property Group creates exceptional architectural spaces that respect how important your home is for easy living and well being.
Prepared and issued by Andy Skinner of ASAP PR – 01789 490786 or 07990 978257.
About Ashford
Ashford is around 60 miles south east of London and 15 miles north west of the coastal town of Folkestone. The nearby M20 gives fast access to the coast, the capital and the national motorway network.
With the arrival of Ashford International Train Station, the town has blossomed into a lively commercial centre. With investment and expansion planned for the station and surrounding areas Ashford is building on its bustling continental atmosphere and is expected to double in size over the next 25 years.
A plan for a new Commercial Quarter will become a catalyst for future economic growth. With a focus on the digital and technology industries this ambitious business hub will ensure Ashford's well placed for future generations.
The town centre will also be revolutionised by Elwick Place, a six screen boutique cinema with a hotel, restaurants and events spaces. Alongside this, there's a £90 million extension planned for the McArthurGlen Designer Outlet proving once again Ashford's fashioning itself a bright future.
Victoria Point is under a mile from Ashford International Train Station and 4.5 miles from the M20, giving you quick access to the M26, M25 and M23. London airports, including Stansted, Gatwick and Heathrow, are all within 90 minutes’ drive, offering connections to Europe and beyond.





July 27, 2018

Elevate has done its homework on School Road in Moseley


Category: Property News
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A site in School Road, Moseley, which has lain derelict for years and latterly been frequented by local drug users, is to be brought back to life in an imaginative scheme from Birmingham-based independent home builders Elevate Property Group.

The company has worked for months with city planners to agree plans for 14 apartments which have been recommended for approval at Birmingham City Council’s next planning meeting on Thursday 2 August.

The site previously had planning permission for 16 units in July 2005 but, following demolition of the original building, the then owners did not proceed to develop the site.

Since that time, the site has lain derelict and unsecured.

Elevate acquired the site and has been working to address both local concerns and planners’ criteria.

Elevate land manager Ben Osborne said: “When we acquired the site it had been abandoned and unsecured for some time and we first had to clear a large amount of used needles, syringes and other drugs-related items before we could eventually secure the site.

“We have since worked with planners to agree a quality scheme for a reduced number of larger apartments to 14 units with 14 parking spaces.

“Our proposed development is of significantly better quality than that which was originally approved in 2005 and we believe it will be welcomed by the Moseley community as a major step forward for a site has been a local eyesore for some time.”

If the site is approved at planning committee on 2 August, then development will start as early as this autumn with completion scheduled for Summer 2019.

Steve Dodd MD for Elevate Property Group added: “This is a great looking scheme and will provide much needed aspirational apartments for young professionals in Moseley, a very popular suburb of the city.”

Elevate Property Group is already known for its quality developments in Birmingham, including Concord House, Queensway House, St Paul’s House and Honduras Wharf, unique developments of townhouses, apartments and penthouses.

Its proposals for Moseley are part of an ongoing development programme in which Elevate has secured sites and has plans in preparation for another 250 new homes around the city including Tennant Street Lofts in West Side and Assay Lofts in the Jewellery Quarter which are already under construction plus Camden Street and Cliveland Street, subject to planning.

Elevate has also received planning permission to proceed at Princes Gate, a 65,000 sq ft office development and multi-storey car park near to the railway station in Solihull where they plan to develop another 160 homes.

Ends (421 words)

For further information, please contact:
Steve Dodd, Managing Director,
Elevate Property Group, St Pauls House, St Pauls Square, Birmingham B3 1RB
0121 272 5729
http://www.elevatepropertygroup.co.uk
http://www.facebook.com/elevatepropertygroupuk
http://instagram.com/elevatepropertygroup

Editors’ Notes
Elevate Property Group creates exceptional architectural spaces that respect how important your home is for easy living and well being.
Prepared and issued by Andy Skinner of ASAP PR – 01789 490786 or 07990 978257.



July 24, 2018

Flatpack furniture specialist moves 100 staff to historic aerospace site


Category: Property News
Click for larger image
Pic cap: Bartley Finnegan and Brian Hammond, both Allied Irish Bank, Philip Jones, chief financial officer, and Helen Barker, managing director, both Seconique, James Bird, Bulleys, Angela Richardson and James Owens, both Seconique.

One of the UK’s largest independent importers and wholesalers of flat pack furniture has expanded into an historic Wolverhampton building, in a deal arranged by chartered surveyors Bulleys.
Seconique paid an undisclosed sum to purchase the 450,000 sq ft building off Wobaston Road for its headquarters, warehouse and trade showroom, housing around 100 staff.
The building used to house the Boulton Paul Aircraft company – manufacturers of the World War II Defiant bomber – and to mark this heritage Seconique has renamed the building as Boulton House.
Bulleys is now marketing a surplus unit of 60,000 sq ft with a large yard at the site on behalf of Seconique.
James Bird, senior associate at Bulleys, said: “The Wobaston Road property is a major acquisition as there are only a limited number of buildings of this size and nature.
“It wasn’t easy to find a building of that size and took a while to achieve the sale, but we have worked closely with Seconique over the past few years and are delighted to have acquired this building for them.
“This site has a tremendous amount of history behind it and we were thrilled to work carefully with Seconique to retain an element of this for the future.”
Seconique, founded in 1986, has moved around 100 staff to Wobaston Road site from its previous premises in Wednesbury, and expects to recruit more in the next few months as its trading expands.
Helen Barker, managing director of Seconique, said: “After a long period of renting we felt it was time to purchase our own property, and the site at Wobaston road offered the size we required.
“As well as allowing us space to accommodate other business tenants there is also room for us to expand in the future.
“The new site is ideal as we have been able to redevelop the site to suit our specific needs and have created a better working environment for our staff.
“We’ve also been fascinated to be approached by older local people who used to work for Boulton Paul, and they’ve shown us photographs of how the factory used to be which we have had framed and put up around the building.
“We’re pleased to help maintain this heritage by redeveloping the building.”
The property is on a 17.5-acre site between Codsall and Pendeford in north west Wolverhampton, just two miles from Junction 2 of the M54.
Bulleys arranged the purchase from Cushman & Wakefield, with Ansons acting for Seconique, and the Allied Irish Bank providing finance.
Bartley Finnegan, senior relationship manager at Allied Irish Bank (GB) in Birmingham, said: “Seconique’s move to their own premises is an exciting stage in the company’s development, and we look forward to seeing how the business grows as they take those growth plans forward.”
Ends (462 words)

For further information, please contact:

Steve Dyson, ASAP PR – 01789 490786
Editors’ notes
Established in 1965, Bulleys is an established commercial and industrial property consultancy covering the West Midlands, Staffordshire and Shropshire. The firm has three offices in Wolverhampton, Oldbury and Telford.



July 17, 2018

Bond Wolfe Finance launched to support Midlands businesses and investors


Category: Property News
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Established West Midlands property consultants Bond Wolfe have branched out to launch Bond Wolfe Finance, initially targeting the £100,000 to £1 million funding gap.

The West Bromwich-based property consultancy is best known for its commercial and industrial agency but Charles London, director of Bond Wolfe Finance, said the new division would consolidate their full service offering to clients.

“While our agency business has been booming, many of our clients have struggled to secure a reliable lender to work alongside them on swift timescales, often putting great deals in jeopardy. Bond Wolfe has been providing clients and developers short term and mezzanine finance for some years and the decision to bring this offering to a wider market was inevitable” he said.

Bond Wolfe Finance offers bridging finance for property refurbishments, re-finance, investments and small developments.

“Unlike the majority of operators, we are the principal lender in all transactions enabling us to release funds in under seven days and offering our clients an unrivalled one to one service. Our funds are immediately available on a first charge basis, typically for up to 75 per cent of the property value,” said Charles London.

The company also sees a market in larger loans to assist small to medium sized developers who may need support to bring their products to market in a swifter timescale.

“Our criteria for larger loans is subject to individual negotiation, but our commitment to this sector is the same,” he added.

He said the new operating division was being launched predominantly in the Midlands as this was a region well known to Bond Wolfe and its directors.

“We have an established client base and footprint in the Midlands region, and we are confident in the area’s growing success,” he said.

Ends (290 words)

For further information, please contact:

Charles London
0121 525 0600
07795 076431

www.bondwolfefinance.com

Produced and issued by Andy Skinner, ASAP PR, 01789 490786, mobile 07990 978257.



June 20, 2018

Checkout the chance to check in to a Lytham St Annes hotel


Category: Property News
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Ever fancied owning and running your own hotel? The chance to buy a 23 bedroomed hotel in Lytham St Annes comes at SDL Auctions North West’s July auction.

Elsinghurst Hotel at 34 Derbe Road in Lytham St Annes is located just off the seafront in the popular seaside resort on the Fylde coast of Lancashire, south of Blackpool on the Ribble estuary.

Andy Thompson, senior valuer at SDL Auctions North West, said it was unusual to have the opportunity to bid for a vacant freehold working hotel in an auction.

“The property is located just a short distance from the main town centre and within easy walking distance of local amenities, shops, restaurants, bars and the famous Lytham St Annes promenade.”

He added that the property is being sold with vacant possession and offers the potential, subject to planning permission, for conversion into apartments, a trend that has had noticeable success in the area.

Ten of the bedrooms have sea views and the ground floor contains the private owners’ accommodation.

Lytham St Annes has four golf courses, the most notable being the Royal Lytham & St Annes Golf Club which has hosted the Open Championship 11 times since 1962, with the most recent being in 2012.

Andy Thompson added: “It’s not just golf that makes this hotel an attractive potential investment. When the Open is in town it does bring a major influx of visitors, including the world’s media.

“But the rest of the time, Lytham St Annes remains a wealthy area with residents’ earnings among the highest in the North of England.”

The hotel offers a range of double, twin and single rooms, including two family rooms that sleep four people, and it has a communal dining room.

The property has a front paved area for parking and a yard to the rear. It has a *guide price of £280,000+.

The Elsinghurst Hotel will join other residential and commercial property lots in SDL Auctions North West auction at 6.30pm on Monday 23 July at the AJ Bell Stadium in Manchester.

Entries for the auction are still being invited and anyone with a property to sell can request a free valuation by calling 0161 774 7333 or by emailing northwest@sdlauctions.co.uk.

Ends (369 words)

* Each property is subject to a Reserve Price which may be different from the Guide Price. For full definitions see www.sdlauctions.co.uk/glossary.

For further information, please contact:

Chrissie Watterson, Head of Marketing & Communications, SDL Auctions
Tel: 0115 902 1020
Email: chrissie.watterson@sdlauctions.co.uk

Prepared by Steve Dyson at ASAP PR, tel: 01789 490786

About SDL Auctions
SDL Auctions, part of the SDL Group, is one of the UK’s largest property auction businesses offering lots via traditional in-room and online auctions. It sells a wide range of residential and commercial properties for both private individuals and corporate clients ranging from investment properties, vacant houses, building plots, commercial and mixed use buildings and others.

SDL Auctions will hold 40 in-room auctions throughout 2018 at Villa Park in Birmingham, Pride Park Stadium in Derby, the AJ Bell Stadium in Manchester, Nottingham Racecourse, Chester Racecourse and the King Power Stadium in Leicester. In 2017, SDL Auctions sold over 1,450 lots and raised more than £165m in sales for vendors.



June 14, 2018

Bulleys rewards loyalty and hard work with three promotions


Category: Property News
Click for larger image
Pic cap@: Newly promoted at Bulleys - James Bird, Max Shelley and Richard Brookes

Bulleys, the leading Black Country commercial property consultancy, has made three promotions in its agency and property management teams.

James Bird, who has been with Bulleys for 12 years, has been promoted to senior associate in the agency department. Max Shelley, who joined Bulleys six years ago, is promoted to associate.

Richard Brookes, who joined Bulleys’ property management team five years ago, is also promoted to associate.

Noel Muscutt, partner at Bulleys, said: “These promotions reflect not only the contribution of our three colleagues but also their commitment and loyalty to the firm.

“They are a key part of the service Bulleys provide to their clients and through these promotions the partners recognise their involvement in the continuing growth of the firm.”

Bulleys was established in 1965 as a commercial and industrial property consultancy covering the West Midlands, Staffordshire and Shropshire. In 2015 the firm grew with the addition of Martin Bloomer Associates and Bradbury Commercial and has three offices in Wolverhampton, Oldbury and Telford.

Ends (165 words)

For further information, please contact:

Andy Skinner, ASAP PR – 01789 490786, mobile 07990 978257

Editors’ notes
Established in 1965, Bulleys is an established commercial and industrial property consultancy covering the West Midlands, Staffordshire and Shropshire. The firm has three offices in Wolverhampton, Oldbury and Telford.



May 23, 2018

The Post House set to deliver for city’s first time buyers and investors


Category: Property News
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The former Gloucester Royal Mail offices on Eastern Avenue are to be brought back to life in an innovative development of much needed one and two bedroom apartments.
Cheltenham developer County to County has teamed up with Birmingham-based Elevate Property Group in a joint venture which will see one of Gloucester’s most prominent buildings renovated to provide 48 apartments.
The L-shaped development, now known as The Post House, is the former Royal Mail House in Eastern Avenue, Gloucester and was part of the Royal Mail’s sorting centre operations which have now ceased on that site.
The three storey building will provide 34 one bedroom and 14 two bedroom apartments with prices ranging from £108,000-£123,000 for the one bedroom apartments, and £154,000-£184,000 for the two bedroom apartments.
Unusually for similar residential developments, The Post House offers generous parking with one space for every one bedroom apartments and two spaces for the two bedroom apartments.
Sarah McKinnon of agents Hamptons International in Cheltenham, which has been appointed to sell the apartments, said: “Location is always a critical factor in the success of any new residential development and The Post House scores very highly for access to the surrounding area.
“And the developers, County to County and Elevate Property Group, are recognised for the quality and specification they deliver in all their projects.
“This is one of the most exciting residential developments to come to the market in Gloucestershire and the South West in a very long time.
“There is very little stock available in this price range and built to this quality in the Gloucester area, and so we anticipate The Post House will prove extremely popular.
“The one and two bedroom apartments are priced to attract interest both from first time buyers and investors looking for a buy-to-let opportunity” she said.
Built in the 1950s, The Post House is arranged in an L-shape with two wings either side of a central art deco style stairwell and atrium which will be retained and provide a stylish entrance and introduction to the development.
Gloucester city centre, the Cathedral and railway station are approximately two miles to the west, and Kingsholm Stadium, home of Gloucester Rugby, is just 1.5 miles away.
The Post House fronts on to the roundabout junction with the A38 Eastern Avenue and Barnwood Road, as well as Corinium Avenue which connects to the A417 and junctions 11 and 11a of the M5. Surrounding amenities include local shops, supermarkets, fast food outlets, retail parks, pubs, hotels, restaurants, public parks and good schooling.
Work is due to start on site in June and The Post House show apartment will be launched to the public in September.
Completion is anticipated in Spring 2019. More details are available by calling 01242 420082 or emailing mckinnons@hamptons-int.com
Ends (461 words)

Prepared and issued by Andy Skinner of ASAP PR – 01789 490786 or 07990 978257.



May 21, 2018

Nearly 170 finance jobs fill final floors at Telford’s top offices


Category: Property News
Click for larger image
A finance group has moved nearly 170 jobs into the final floors at one of Telford’s top commercial properties, in a deal sealed by Bulleys Bradbury.

The commercial property consultancy has attracted Cabot Credit Management, trading as dlc, and Orbit Debt Collection Ltd to take the first and second floors at One Telford Plaza, the landmark Grade A office buildings in the town centre.

Orbit has expanded from its Shrewsbury offices, moving around 70 jobs into Telford, while dlc has relocated nearly 100 staff from Northamptonshire. Both companies belong to the Cabot Credit Management Group.

The moves means that One and Two Telford Plaza are now fully let, with the HMRC having moved hundreds of staff into offices across 13 floors in another deal secured by Bulleys Bradbury earlier this year.

Richard Bradbury, director of Telford-based Bulleys Bradbury, who market the development for Telford Plaza UK Limited, said: “This is another major letting for Telford, bringing a significant number of jobs to the town.

“Telford Plaza has become an ongoing success story, attracting a number of high-quality occupiers which the landlord is naturally very pleased to have on site.

“These two lettings, together with the huge HMRC deal, has resulted in both Plaza One and Two now being fully let, bringing many valuable jobs to the town.”

The two floors taken by Orbit and dlc each extend to 7,671 sq ft.

Orbit, established in 2000, is a specialist utilities industry credit management business working with more than half of the UK’s water companies, while dlc, established in 1979, is a leading provider of debt recovery and business process outsourcing services.

John Sharman, managing director of UK servicing at Cabot Credit Management, said: “Orbit had outgrown its existing offices in Shrewsbury, although we’ve kept that office open for back-up support and disaster recovery options.

“It made sense to house the two sister companies, Orbit and dlc, side by side in Telford. Cabot already has a number of other sites around the UK and we were keen to create a centre of excellence in the Midlands.

“We quickly identified Telford Plaza as the ideal location. It has an on-site café, is close to hotels, gyms and eateries and near to the train station and the main shopping centre.

“Telford itself is an emerging city with great transport links, attractive office accommodation and a good available workforce, which makes it a good place to grow our servicing business.”

Mr Sharman added that Orbit’s offices at Telford Plaza were also large enough for future expansion.

Ends (433 words)

For further information, please contact:

Steve Dyson, ASAP PR – 01789 490786

Editors’ Notes
Bulleys Bradbury was established resulting from a merger of Bulleys Telford Office and Bradbury Commercial Ltd. Bulleys were established in 1965 and have built an enviable reputation as local specialists in the field of industrial and commercial property consultancy. Bradbury Commercial was established in 2007 by Richard Bradbury who has over 25 years’ experience in the local commercial property market. The combined companies benefit from a wealth of experience and ability to deliver, making Bulleys Bradbury one of the leading property consultants in the Shropshire and the wider West Midlands.



May 11, 2018

Giant Redditch town centre store on the market


Category: Property News
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One of Redditch’s best known and biggest town centre retail properties is being brought to the market after a decision by British Heart Foundation to move premises.

Known to many still as “Tony’s Handyman” after the store that occupied the site for decades, the three storey, 10,143 sq ft unit at 7, 8 and 9 Market Place fronts on to Church Green in the heart of Redditch.

The building was originally built for Woolworths some 60 years ago and is now on the market to let or for sale with Redditch experts, John Truslove.

Director Ian Parker said: “This is an interesting building in the most central location in Redditch. It is close to all the town’s main facilities, including Redditch Town Hall and Redditch Public Library, with the Kingfisher Centre and its extensive retail offering next door.

“It has a huge frontage measuring over 56 feet and the ground floor extends back 108 feet, giving a very large sales area of 5,500 sq ft.”

At present the property is on the market with a quoting rental of £60,000 per annum for the 10,143 sq ft, but the owners will consider a sale.

Ian Parker added: “It currently has A1 retail permission but it might be suitable for A3 use in the restaurant/bar sector.

“This is the first time in many years that a retail unit this size has come on the market around Church Green and Market Place and we are keen to talk to retailers and other leisure users with the imagination and flair to take advantage of the property’s premium location.”

Ends (264 words)

For more information, contact:

John Truslove, Daralbee House, Archer Road, Redditch, B98 8DJ
01527 584242

Prepared and issued by Andy Skinner of ASAP PR, 01789 490786, mobile, 07990 978257.



May 8, 2018

New law on mobile phone masts to be explained at Birmingham property conference


Category: Law NewsProperty News
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Thursfields Solicitors will explain how new regulations about mobile phone masts affect landowners at a regional property event in Birmingham later this month.

John McLean, a senior associate at Thursfields’ Birmingham office, is appearing at the Royal Institution of Chartered Surveyors (RICS) conference at Aston University on Thursday 24 May.

He will be discussing the details behind the new Electronic Communications Code, which came into force on 28 December 2017.

John McLean, who specialises in telecommunications law, said: “The reformed Electronic Communications Code has drastically changed the relationship between landowners and telecoms operators with regard to mobile phone masts.

“The new code seeks to substantially increase nationwide connectivity, making it more difficult for landowners to remove operators from their land, which can be particularly problematic if they are planning redevelopment projects.

“I will be explaining at this seminar how template agreements or leases that have previously been used will need to be amended to be fit for purpose for future use under the new code.”

Mr McLean is an experienced commercial property solicitor who joined Thursfields in 2016, having previously spent 11 years working at Eversheds LLP in Birmingham.

He has been acting for landowners for over 10 years in relation to agreements under the previous Electronic Communications Code, and has been explaining the new code at a number of RICS’ seminars this year.

He added: “The new Code includes various changes to assignment, upgrading and sharing, security of tenure, and valuations, all of which I will cover in detail.”

The RICS’ regional conference at Aston University on 24 May will be packed with the latest update for chartered surveyors on land, property and the built environment. For more details and to book spaces visit https://ww2.rics.org/uk/events/conferences-seminars/cpd-days/cpd-day-birmingham/

Ends (285 words)

For further information, please contact:

Dani James, Business Development Manager, Thursfields Solicitors
9-10 The Tything Worcester Worcestershire WR1 1HD
djames@thursfields.co.uk 01905 677066

Or

Steve Dyson, ASAP PR – 0781 8004575

www.thursfields.co.uk
Twitter - @Thursfields
LinkedIn - www.linkedin.com/company/thursfields
Notes to Editors

Thursfields Solicitors is one of the region’s longest established and reputable law firms, with more than 140 staff in eight offices across Worcestershire and the West Midlands. Thursfields Solicitors provides a full range of legal services to business and the private individual, including property, family, employment and commercial law as well as probate and litigation. The firm has offices in Worcester, Kidderminster, Halesowen, Sedgley, Stourport-on-Severn, Solihull and Birmingham.


New law on mobile phone masts to be explained at Birmingham property conference


Category: Law NewsProperty News
Click for larger image
Thursfields Solicitors will explain how new regulations about mobile phone masts affect landowners at a regional property event in Birmingham later this month.

John McLean, a senior associate at Thursfields’ Birmingham office, is appearing at the Royal Institution of Chartered Surveyors (RICS) conference at Aston University on Thursday 24 May.

He will be discussing the details behind the new Electronic Communications Code, which came into force on 28 December 2017.

John McLean, who specialises in telecommunications law, said: “The reformed Electronic Communications Code has drastically changed the relationship between landowners and telecoms operators with regard to mobile phone masts.

“The new code seeks to substantially increase nationwide connectivity, making it more difficult for landowners to remove operators from their land, which can be particularly problematic if they are planning redevelopment projects.

“I will be explaining at this seminar how template agreements or leases that have previously been used will need to be amended to be fit for purpose for future use under the new code.”

Mr McLean is an experienced commercial property solicitor who joined Thursfields in 2016, having previously spent 11 years working at Eversheds LLP in Birmingham.

He has been acting for landowners for over 10 years in relation to agreements under the previous Electronic Communications Code, and has been explaining the new code at a number of RICS’ seminars this year.

He added: “The new Code includes various changes to assignment, upgrading and sharing, security of tenure, and valuations, all of which I will cover in detail.”

The RICS’ regional conference at Aston University on 24 May will be packed with the latest update for chartered surveyors on land, property and the built environment. For more details and to book spaces visit https://ww2.rics.org/uk/events/conferences-seminars/cpd-days/cpd-day-birmingham/

Ends (285 words)

For further information, please contact:

Dani James, Business Development Manager, Thursfields Solicitors
9-10 The Tything Worcester Worcestershire WR1 1HD
djames@thursfields.co.uk 01905 677066

Or

Steve Dyson, ASAP PR – 0781 8004575

www.thursfields.co.uk
Twitter - @Thursfields
LinkedIn - www.linkedin.com/company/thursfields
Notes to Editors

Thursfields Solicitors is one of the region’s longest established and reputable law firms, with more than 140 staff in eight offices across Worcestershire and the West Midlands. Thursfields Solicitors provides a full range of legal services to business and the private individual, including property, family, employment and commercial law as well as probate and litigation. The firm has offices in Worcester, Kidderminster, Halesowen, Sedgley, Stourport-on-Severn, Solihull and Birmingham.



April 24, 2018

Elevate Property Group acquires Princes Gate in Solihull


Category: Property News
Click for larger image
Elevate Property Group, the Birmingham-based independent home builder, has been revealed as the buyer of a major Solihull office development which will be converted into residential apartments.

Elevate, along with its joint venture partner Investin plc, has acquired Princes Gate on Homer Road which consists of Consort House, Royal House and Regent House in a deal for an undisclosed sum from New York-based global real estate investment management company Westbrook Partners.

Permitted development has already been secured and work will begin this Spring on the initial phase to convert the three office buildings into 100 apartments while Elevate also considers plans for further residential development on the site of the adjacent and redundant multi-storey car park.

Elevate managing director Steve Dodd said “This is a major acquisition for us and gives us a prestigious site close to Solihull town centre, train station, the NEC and Birmingham International Airport.

Elevate has not announced full details of the scheme, but expects they will provide a mix of studios, one and two bedroom apartments, with a selection of additional penthouses on the top floors subject to planning.

Princes Gate is one of a number of deals that Elevate Property Group and Investin plc have completed in the last 12 months. Sites in other locations include Coventry, Nottingham, Derby and Ashford.

Ends (217 words)

For further information, please contact:
Steve Dodd, Managing Director,
Elevate Property Group, St Pauls House, St Pauls Square, Birmingham B3 1RB
0121 272 5729
http://www.elevatepropertygroup.co.uk
http://www.facebook.com/elevatepropertygroupuk
http://instagram.com/elevatepropertygroup
Editors’ Notes
Elevate Property Group creates exceptional architectural spaces that respect how important your home is for easy living and well being.
Prepared and issued by Andy Skinner of ASAP PR – 01789 490786 or 07990 978257.



April 10, 2018

Norton Property Investments acquires former Carillion offices for £1.45m


Category: Property News
Click for larger image
Six office units at Brooklands Court on Kettering Venture Park, which were formerly owned by Carillion plc, have been snapped up by a fast growing Midlands property investment company.

NPI (Kettering) Ltd, a wholly owned subsidiary of Norton Property Investments Ltd, has acquired the freehold interest in six office units for £1.45 million from Carillion plc.

The deal, which is Norton’s largest to date, provides a combined total of 13,686 sq ft with an initial net yield of 9.95%.

Norton managing director Ben Spickernell said: “Brooklands Court represents an opportunistic purchase for us, with good asset management opportunities in the short term.

“The fact that the market in the Kettering area is constrained, which drives value, was a positive for us.”

Balfour Beatty is already a tenant on the site, and a national professional services firm has just signed to take 1,862 sq ft.

Norton Property Investments Ltd was founded in 2009 by managing director Ben Spickernell who, together with his co-director and brother Tom, is driving the company’s growth as investors in UK regional town and cities.

Norton continues to source and deliver new opportunities and project manages refurbishments and redevelopments.

On Brooklands Court, CBRE Birmingham acted for Norton, and JLL and Prop-Search for Carillion.
he business is operated by brothers Ben and Tom Spickernell and Marcus
Norton was advised by law firm Emms Gilmore Liberson and Clarks Legal advised Carillion.

Ends (232 words)

For further information, please contact:

Ben Spickernell, Managing Director,
Norton Property Investments Ltd,
The Forge, Sutton Maddock, Shifnal, Shropshire TF11 9ND

Tel: 0121 285 0246

www.norton-properties.com

Editors’ Notes

Norton Property Investments Ltd is a Midlands based property investment company which takes an innovative approach to adding value to commercial, residential and mixed-use property via active asset management initiatives and redevelopment.



April 6, 2018

Elevate Property Group profit surges


Category: Property News
Click for larger image
Birmingham-based independent home builder Elevate Property Group has more than doubled its profit in the last two years.

Accounts for its financial year ending 30 November 2017 show sales of £24.7 million with a profit before tax of £7.5 million, against the 2015 figures of £14.4 million and profits of £2.9 million.

Managing director Steve Dodd attributed the surge in profits to the completion of a number of lucrative projects which sold well in 2017.

“In 2014 we started gaining traction with our principal project Concord House on Holloway Head. This was completed in 2015 and a new benchmark for quality properties in the city was set. The record value in the city was also set with the sale of one of the furnished penthouses at nearly £1.8m.

“2016/17 saw the completion of a number of other developments that were snapped up by eager buyers and Elevate Property Group achieved some of the highest prices per square foot at that time.

“These included Birmingham developments Queensway House, St Paul’s House and Honduras Wharf, unique developments of townhouses, apartments and penthouses all in the heart of the city centre,” he said.

Elevate now has a contracted pipeline of almost 1,000 new homes which will generate revenues in the region of £250 million over the next few years.

Steve Dodd added: “The group has a number of projects in its home city of Birmingham but has also expanded its interests to the Midland cities of Coventry, Nottingham and Derby, in the South West the historical towns and cities of Hereford, Cheltenham and Gloucester and in the South East a large-scale apartment scheme and hotel next to Ashford International railway station in Kent.”

In Birmingham Elevate has secured sites and has plans in preparation for another 250 new homes in Tennant Street, Charlotte Street, Camden Street and Cliveland Street plus School Road in Moseley.

Elevate has also acquired Princes Gate, a 65,000 sq ft office development and multi-storey car park near to the railway station in Solihull where they plan to develop another 160 homes.

Steve Dodd said that with HS2 preparatory work underway and the impact of HSBC retail banking division’s move to the city already being felt, he could not see any let up in demand.

“The Commonwealth Games will also put Birmingham in the spotlight, and if we were chosen by Channel 4 that would be the icing on the cake,” he said.

And he pointed out that if plans announced by Peaky Blinders founder Steven Knight for massive TV and film studios with six sound stages come to fruition in the next two years, Birmingham will become even more of a magnet for creative talent.

“Birmingham is attracting new jobs all the time and Elevate Property Group is building to meet that demand,” he said.

Ends (466 words)

For further information, please contact:
Steve Dodd, Managing Director,
Elevate Property Group, St Pauls House, St Pauls Square, Birmingham B3 1RB
0121 272 5729
http://www.elevatepropertygroup.co.uk
http://www.facebook.com/elevatepropertygroupuk
http://instagram.com/elevatepropertygroup

Editors’ Notes
Prepared and issued by Andy Skinner of ASAP PR – 01789 490786 or 07990 978257.



April 5, 2018

Bond Wolfe brokers bright new future for former West Brom Building Society HQ


Category: Property News
Click for larger image
Black Country property specialists Bond Wolfe have brokered the sale of one of the region’s flagship sites.

Society House, the former West Bromwich Building Society headquarters at 374 High Street, West Bromwich, has been sold to a specialist residential developer for £3 million.

Doncaster-based Empire Property Holdings Ltd has acquired the 45,000 sq ft office building from a London-based family investment company and will be converting the building into 100 residential units.

The building was acquired by Empire Property Holdings after the West Bromwich Building Society relocated to newly-built premises at Providence Place, West Bromwich.

Bond Wolfe managing partner James Mattin said: “It is fitting that in the year that Bond Wolfe celebrates our 35th anniversary, we have sold this locally iconic building.

“I am delighted that this building will be brought back to life as West Bromwich continues to progress through inward investment.

“The New Square and Providence Place developments have transformed the landscape in the town and it is important that High Street buildings are put to effective use to supplement the recent development in West Bromwich.”

The acquisition is Doncaster-based Empire Property Holdings’ first in the Midlands, having previously purchased properties in Yorkshire, Lancashire and the North East.

The company has an impressive track record for innovative commercial to residential renovations.

Speaking about Empire’s first investment in the Midlands, managing director Paul Rothwell said: “We are delighted to have been able to acquire Society House.

“The town centre location makes this an ideal property for conversion into residential units with easy access to local amenities and transport links.”

This sale takes Bond Wolfe’s aggregated sales for the month to over £6.5 million as demand for non- city centre opportunities continues to grow.

Ends (285 words)

For further information, please contact:

James Mattin, Managing Partner,
Bond Wolfe, West Plaza, 8th Floor, High Street, West Bromwich B70 6JJ
0121 525 0600 or 0121 524 1172, www.bondwolfe.net

Prepared and issued by Andy Skinner, ASAP PR, 01789 490786, mobile 07990 978257.

Editors’ notes
Bond Wolfe is an established commercial property practice based in West Bromwich. Its services include commercial property sales and lettings, property investment and development throughout the West Midlands.



April 3, 2018

Carillion’s former HQ up for sale for £3 million


Category: Property News
Click for larger image
The former Wolverhampton headquarters of Carillion, the construction and services giant which crashed into liquidation earlier this year, has gone up for sale with a price tag based on offers in excess of £3 million.

Leading Midlands property agents Bulleys and JLL have been jointly appointed to market the property at 84 Salop Street, which is currently known as Carillion House.

The detached building is located on a 0.65 acre site next to the Chapel Ash Island in Wolverhampton city centre, next door to the £55 million Westside leisure development.

There is around 37,338 sq ft of office space over six floors, with 32 car parking spaces on site and direct access onto the A4150 dual carriageway. The property comes with a nearby car park with another 58 spaces on Stephenson Street.

Noel Muscutt, partner at Bulleys, said: “This is a fantastic opportunity to acquire an eye-catching office block in a prominent location that will soon benefit from proximity to the Westside leisure development.

“The offices were comprehensively refurbished in 2015 and provide open plan accommodation that would suit occupation as a whole, on a floor by floor or part-floor basis.

“The building is close to Wolverhampton’s principal city centre business, retail and leisure offer and will be an attractive place to be based.”

The building is offered for freehold sale and is due to be available with vacant possession, although Carillion and its liquidators PwC are currently in occupation, continuing to pay rent of £437,405 pa for both the main and additional site.

Ben Kelly, director at JLL added: “We are seeking offers in excess of £3,000,000 for the freehold interest, which reflects a low capital value of around £80 per sq ft.”

The adjacent £55 million leisure-led Westside scheme encompasses land between Penn Road Island and Salop Street, including the current School Street and Peel Street car parks and the area around Market Square.

Phase one of the development which will deliver a multiplex cinema, 50,000 square feet of additional leisure space, new restaurants covering 40,000 square feet, a 100-plus bed hotel and a multi-storey car park.

Construction phase one is expected to be complete by early 2020, and then phase two will deliver more than 300 new city centre homes and 50,000 square feet of retail and leisure space by 2022.

Ends (384 words)

For further information, please contact:

Andy Skinner, ASAP PR – 01789 490786, mobile 07990 978257

Editors’ notes
Established in 1965, Bulleys is an established commercial and industrial property consultancy covering the West Midlands, Staffordshire and Shropshire. The firm has three offices in Wolverhampton, Oldbury and Telford.



March 20, 2018

REI prospers as rebirth of the Midlands continues apace


Category: Property News
Click for larger image
Real Estate Investors plc (REI), the AIM-listed Birmingham based Real Estate Investment Trust, with a diverse Midlands property portfolio, has reported another impressive set of financial results for the year to 31 December 2017.

Pre-tax profits were £11.3 million, up 37.8%, and underlying profits up 19.2% to £6.2 million. Revenue was up 10.4% to £14.9 million with contracted rental income up 8.7% to £16.2 million.

REI has also increased its dividend payment for five consecutive years, rising a further 19% in 2017, with a final dividend of 0.875p.

Chief executive officer Paul Bassi said: “We are fortunate to be operating in a vibrant and expanding regional economy that is set to re-establish itself as a major national and international powerhouse.

He said that REI’s strong results were recorded against a continuing background of macro-economic uncertainty.

“REI has once again prospered. The continued uncertainty provides an ideal environment in which to secure further criteria compliant assets and make strategic sales by taking advantage of a strong investor market, and our privileged network and market reputation,” he said.

During 2017, REI achieved record gross property assets increasing to £213.1 million, up 5.5% and has agreed terms for a new five year facility of £10 million with RBS, which gives the business £20 million plus in cash and available facilities to pursue future opportunities to acquire properties that fit the firm’s investment criteria.

During the year, REI acquired £18.4 million of new property, net of acquisition costs, and capitalised on a strong investor market with sales of £13.5 million.

Paul Bassi added: “During 2017 we remained focused on capitalising on the opportunities provided by uncertain markets and we continue to build a successful and resilient business, founded on a diverse and carefully risked adjusted portfolio.

“We are selective buyers in a strong investment market and our acquisition strategy is based on our ability to add value through asset management and in securing sustainable income streams.”

He said REI’s impressive progress was in no small way aided by the resurgent Midlands economy.

“We are fortunate to be operating in a reinvigorated regional economy whose strong and arguably contrarian performance is set to benefit further from the arrival of HSBC, HS2 and HMRC.

“These successes, coupled with the success of Birmingham in being awarded the Commonwealth Games for 2022 and Coventry securing the City of Culture for 2021, will re-establish the Midlands economy both nationally and internationally.

“There is no doubt that the region’s manufacturers have benefitted from the added advantage of a weakened sterling.

“The automotive sector has seen continued sales growth at JLR group, with global sales in 2017 hitting 621,109 vehicles, a 7% increase on 2016 and we also continue to be one of the UK regions that is seeing house price growth and falling unemployment.

“We remain confident that we will extract further value from the existing portfolio and see our rental income grow further, enabling us to support our commitment to a progressive dividend policy,” he said.

He added that REI was also poised to take advantage of any market correction, or Brexit “cliff edge” opportunities.

“We anticipate political and economic uncertainty, but we remain confident about the performance of REI in 2018 and we look forward to another year of opportunity and sustainable growth,” he said.

Ends (547 words)

For further information, please contact:

Paul Bassi CBE DL D.UNIV,
Chief Executive, Real Estate Investors plc, 2nd Floor, 75/77 Colmore Row, Birmingham B3 2AP

0121 212 3446

www.reiplc.com

Prepared and issued by Andy Skinner of ASAP, 01789 490786, mobile, 07990 978257

About Real Estate Investors Plc

Real Estate Investors Plc (REI Plc) is a publicly quoted, internally managed property investment company and REIT with a portfolio of 1.5 million sq ft of commercial property, managed by a highly-experienced property team with over 100 years of combined experience of operating in the Midlands property market across all sectors.

The Company’s strategy is to invest in well located, real estate assets in the established and proven markets of central Birmingham and the Midlands, with income and capital growth potential, realisable through active portfolio management, refurbishment, change of use and lettings. The portfolio has no material reliance on a single asset or occupier.

On 1st January 2015, the Company converted to a REIT. Real Estate Investment Trusts are listed property investment companies or groups not liable to corporation tax on their rental income or capital gains from their qualifying activities.

The Company aims to deliver capital growth and income enhancement from its assets, supporting a progressive dividend policy. Further information on the Company can be found at www.reiplc.com



March 1, 2018

Expanding insurance firm moves into former Shropshire court, thanks to Bulleys Bradbury


Category: Property News
Click for larger image
An expanding insurance company from Sussex has moved into a Shropshire town’s former courthouse, thanks to a deal completed by Bulleys Bradbury.

Falcon Insurance Services Ltd, based in Worthing, Sussex, is recruiting up to 11 local staff to work from its new Midlands branch in Suite 1 at The Court, the old magistrates’ building on the outskirts of Wellington town centre.

Terry Mills, managing director at Falcons Insurance, said: “We wanted to expand into the Midlands and saw The Court as very convenient base.

“It’s close to the town centre and good amenities including public transport, which is what we need to get new staff to the office.”

Meanwhile, Rebecca and Bruce Shepherd, who run a private podiatry practice with four associate workers, have moved into Suite 6 in the building at 24 Church Street.

The new deals leave just two offices still to let in The Court including Suite 3, the actual former court room which used to contain the magistrates’ bench.

Richard Bradbury, director of Telford-based Bulleys Bradbury, which is marketing and managing The Court, said: “This is a landmark office building, conveniently located on the immediate outskirts of Wellington town centre.

“The building was developed as multi-let offices 18 years ago and provides six individual suites with onsite car parking to the rear.

“The property is a short walk from the town centre and railway station, and is proving to be a popular target for firms looking for impressive premises.”

Anyone interested in viewing the remaining suites at The Court should call Bulleys Bradbury on 01952 292233 or visit bulleysbradbury.co.uk

Ends (263 words)

For further information, please contact:

Steve Dyson, ASAP PR – 01789 490786

Editors’ Notes
Bulleys Bradbury was established resulting from a merger of Bulleys Telford Office and Bradbury Commercial Ltd. Bulleys were established in 1965 and have built an enviable reputation as local specialists in the field of industrial and commercial property consultancy. Bradbury Commercial was established in 2007 by Richard Bradbury who has over 25 years’ experience in the local commercial property market. The combined companies benefit from a wealth of experience and ability to deliver, making Bulleys Bradbury one of the leading property consultants in the Shropshire and the wider West Midlands.



February 20, 2018

Bond Wolfe sells and lets former Blockbuster site in West Bromwich


Category: Property News
Click for larger image
West Midlands commercial agent Bond Wolfe has concluded a major Black Country investment deal.

The West Bromwich-based firm has sold the former Blockbuster unit at 69 Dudley Street, West Bromwich, to Belwell Property Investments.

The property was purchased for £510,000 representing a net yield of 7%.

Bond Wolfe managing director James Mattin explained: “Our vendor client acquired the former Blockbuster unit after the business went into administration for the second time and collapsed.

“Following the property’s acquisition, we were instructed to market the premises and we managed to secure a let on a new ten year lease.”

The Salvation Army has taken the 3,768 sq ft building, which has on-site parking, at an annual rental of £37,500.

James Mattin said: “This deal is a classic example of what we do best. Take a vacant building, find a solid, long term tenant, thus adding significant value, and then sell the investment on.

“This is one of a number of investment deals we have in the pipeline and follows our recent £1 million plus sale of Sterry House in Stockport.”

Boss UK acted for Belwell Property Investments.

Ends (186 words)

For further information, please contact:

James Mattin, Managing Partner,
Bond Wolfe, West Plaza, 8th Floor, High Street, West Bromwich B70 6JJ
0121 525 0600 or 0121 524 1172, www.bondwolfe.net

Prepared and issued by Andy Skinner, ASAP PR, 01789 490786, mobile 07990 978257.

Editors’ notes
Bond Wolfe is an established commercial property practice based in West Bromwich. Its services include commercial property sales and lettings, property investment and development throughout the West Midlands.


Bond Wolfe sells and lets former Blockbuster site in West Bromwich


Category: Property News
West Midlands commercial agent Bond Wolfe has concluded a major Black Country investment deal.

The West Bromwich-based firm has sold the former Blockbuster unit at 69 Dudley Street, West Bromwich, to Belwell Property Investments.

The property was purchased for £510,000 representing a net yield of 7%.

Bond Wolfe managing director James Mattin explained: “Our vendor client acquired the former Blockbuster unit after the business went into administration for the second time and collapsed.

“Following the property’s acquisition, we were instructed to market the premises and we managed to secure a let on a new ten year lease.”

The Salvation Army has taken the 3,768 sq ft building, which has on-site parking, at an annual rental of £37,500.

James Mattin said: “This deal is a classic example of what we do best. Take a vacant building, find a solid, long term tenant, thus adding significant value, and then sell the investment on.

“This is one of a number of investment deals we have in the pipeline and follows our recent £1 million plus sale of Sterry House in Stockport.”

Boss UK acted for Belwell Property Investments.

Ends (186 words)

For further information, please contact:

James Mattin, Managing Partner,
Bond Wolfe, West Plaza, 8th Floor, High Street, West Bromwich B70 6JJ
0121 525 0600 or 0121 524 1172, www.bondwolfe.net

Prepared and issued by Andy Skinner, ASAP PR, 01789 490786, mobile 07990 978257.

Editors’ notes
Bond Wolfe is an established commercial property practice based in West Bromwich. Its services include commercial property sales and lettings, property investment and development throughout the West Midlands.


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