Latest property articles


October 5, 2017

Janice upcycles her new career with the help of John Truslove


Category: Property News
Janice Nicholson “retired” to sunny Spain but got so bored she returned to the UK to go back into business.

Now, with support from property agents John Truslove, she has opened a second outlet in Bromsgrove.

First to launch was Upcyclists, a shop stocking reinvented old furniture, run in conjunction with colleague Gary Miller, at the Strand Center. With upcycling of furniture – painting, re-design, re-upholstery – currently all the rage, it has been doing well.

Now Holt House Vintage Interiors is up and running at Holt House, 49 Birmingham Road.

The 1,420 sq ft unit has been secured on a five year lease.

It too sells renovated pieces but also kitchen products, garden items and other goods.

The complex is effectively an emporium because others have also taken space there, with clothing, soft furnishings, vintage china and vintage toy retailers all under the one roof.

There is a coffee shop cum café called the Lite Bite and a further attraction is the serving of afternoon teas.

Ms Nicholson once worked in customer service for a leading supermarket but also operated on Ludlow Market.

She went on: “I retired to Spain for 12 years but got so bored I was working on the markets there too, specialising in large ladies clothing.

“I have always had an eye for putting things together and long been into upcycling … which is how the Upcyclists came about.

“But we needed something bigger and then Holt House became available. With a new Marks & Spencer store going up across the road we knew this was the place to be, where there would be a lot more footfall.

“Trade is progressively improving.”

Ian Parker, a director of John Truslove, said: “The emporium is just amazing – Bromsgrove has never seen anything like it.

“Hopefully Janice makes a big success of the venture.”

Holt House is described as a character building in a prominent position not far from the main High Street.

Ends (324 words)

For more information, contact:

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

01527 584242

Prepared and issued by John Duckers of ASAP PR, 01789 490786, mobile, 07791 978705



October 3, 2017

Quantuma administrators appointed to Herne Bay wind power company


Category: Property News
Click for larger image
Administrators at corporate recovery and business advisory firm Quantuma have been appointed at a Kent wind power company that has collapsed.

Quantuma partners Simon Bonney and Andrew Hosking are seeking to sell the intellectual property rights of X-Wind Power Ltd after attempts to rescue the business via an earlier Company Voluntary Arrangement failed.

The Herne Bay business, which was founded in October 2010, was set up to design and manufacture medium scale vertical axis wind turbines.

Following the acceptance of the Company Voluntary Arrangement, management made seven employees, including the directors, redundant and sought significant investment into the business. However, this was ultimately unsuccessful.

Simon Bonney and Andrew Hosking were then appointed administrators on 8 September 2017.

Simon Bonney said: “The company was in the early stages of its life cycle, involved in research and development, and therefore had not got to the stage of manufacture and sales.”

Expressions of interest in acquiring the intellectual property rights of X-Wind Power Ltd can be sent to simon.bonney@quantuma.com, or call 0203 856 6720.

Ends (172 words)

For further information, please contact:

Marie Wadeson, Head of Marketing,
Quantuma LLP, Vernon House, 23 Sicilian Avenue, London, WC1A 2QS
Tel: 07464 545678

www.quantuma.com

or Andy Skinner, Managing Director, ASAP PR – 07990 978257

Notes to Editors
Quantuma LLP is a leading corporate restructuring, insolvency and business advisory firm delivering partner-led solutions to businesses and individuals facing financial distress with offices in London, Southampton, Marlow, Watford, Brighton, Birmingham, Bristol and Manchester.


Bulleys appointed to manage Wolverhampton industrial estate


Category: Property News
Click for larger image
Commercial property agents Bulleys have been appointed to handle management and lettings at one of the main Wolverhampton industrial estates.

It follows a deal in which a private investor paid an undisclosed sum for the 7.32-acre Watery Lane Industrial Estate, Watery Lane.

Sold by Brierley Hill-based Hovi Developments, who were advised by Colliers International, the asking price was offers over £6.85 million.

The well-established complex comprises 37 units and totals 145,556 sq ft of space.

The estate is fully let to 13 tenants and is producing £546,843 per annum.

Steve Perriton, partner with Bulleys, which has offices in Wolverhampton, Oldbury and Telford, said: “This was a significant transaction.

“The units are occupied by various companies of all descriptions and sizes; bedrock businesses of the West Midlands.

“We are looking forward to improving the estate going forward on behalf of our client.”

Watery Lane Industrial Estate enjoys excellent communications.

It is located near the junction of Neachells Lane with the main A454 Willenhall Road, linking Wolverhampton city centre with the M6, Junction 10, via the Black Country Route dual carriageway. The Black Country Route and Black Country New Road also provide direct dual carriageway access to Junction 1 of the M5.

Ends (200 words)

For further information, please contact

Andy Skinner, ASAP PR – 07990 978257

Editors’ Notes

Founded 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.



September 18, 2017

REI declares £6.4 million profit and dividend up 20% in first half of 2017


Category: Property News
Click for larger image
Real Estate Investors plc (REI), the Birmingham-based property group and listed real estate investment trust, has turned in another impressive set of half year figures.

REI recorded a pre-tax profit of £6.4 million for the six month period to 30 June 2017, compared to a loss of £560,000 in the first half of 2016.

Underlying profits before tax were up 29.2% from £2.4 million in the first half of 2016 to £3.1 million.

The company will pay a second quarter divided on 0.75p, giving a total dividend for the first half of 2017 of 1.5p, up 20% on last year’s 1.25p.

REI has now recorded five years of year on year dividend growth.

During the first half of the year REI made sales of £12.4 million as the company recycles capital for future opportunities. Acquisitions, net of costs, totalled £8.9 million.

Paul Bassi, chief executive officer of Real Estate Investors plc, said: “Despite market and political uncertainty, we continue to benefit from our focused investment strategy, and a robust investment market.

“The weight of investment capital remains significant and investor demand for regional real estate has continued.

“We have made some strategic sales and will consider additional sales during the second half of 2017.

“With further acquisitions, we intend to maintain a £200 million portfolio and continue to grow the REI’s dividend payments, which have now seen five years of year on year growth.

“The West Midlands remains economically vibrant and a beneficiary of a much weakened sterling, and occupancy demand is set to benefit from the relocation of HSBC to Birmingham city centre and the HS2 investment in our region.”

The business is benefitting from record occupancy, up to 94.8% from 92.6% in the first half of 2016.
.
Mr Bassi said: “Demand across our retail and restaurant/bar units remains very strong and we have experienced competitive bidding and rental growth.

Demand for regional investment property remains strong - we are very much in a sellers’ market and have taken advantage of this by making sales totalling £12.4 million since the last year end.

“We anticipate further sales above book value in the second half of 2017, and also anticipate growing our rental income from acquisitions and lettings from within our existing portfolio, while maintaining a £200 million portfolio and a progressive dividend payment.

“There is limited criteria compliant property available to buy, and yet despite the level of competition for assets, we anticipate securing further criteria compliant property during H2, via our privileged network.

“We currently have £5 million of deals agreed and in legals and we are confident of securing further acquisitions before the year end,” he said.

He noted that the Midlands’ regional yield discount to London is still evident but said there has been a noticeable shift in focus from the South East markets to core regional markets including Birmingham.

There has also been strong interest in more secondary assets which is in part due to a lack of availability of prime assets. In the second half of 2017 prime yields are expected to remain unchanged, although transaction volumes are likely to increase as vendors look to capitalise on the depth of investor demand.

New acquisitions in the first half of 2017 included Maypole Retail Parade to the south of Birmingham, and a retail development at Barracks Road, Newcastle-under-Lyme

Sales have included Latitude, Bromsgrove Street, Birmingham for £2.7 million representing a net initial yield of 7.95% and ahead of cost and 31 December 2016 valuation.

REI also sold a non-core retail property in London Road, Norwich for £800,000 at a sale yield of 8.46% and The Broadway, Crawley for £1,925,000 at a sale yield of 8.87%.

More recently, the firm exchanged contracts to sell 6 Bennetts Hill, 102 Colmore Row, and 104-106 Colmore Row, three adjoining city centre offices, for a total consideration of £7.2million, reflecting a current net initial yield of 4.36% and a 4.35% capital premium above the December 2016 valuation. The sale completed on 2 August 2017, and so will be reflected in the H2 results.

Paul Bassi said: “Our objective for the second half of 2017 is to grow the portfolio further, subject to making strategic sales, and to grow our rental income.

“This will allow us to continue with our objective of growing our quarterly dividend payments, which have now seen five years of year on year growth, in line with our progressive dividend policy.

“We expect property yields to remain stable or compress further, particularly with the secondary market place increasing demand and a shortage of investment stock at the end of the year.

“REI remains confident that the outlook for our regional economy is positive, and that our portfolio will benefit from healthy occupancy levels and a growing rental income and revenues.”

But he pointed out: “There is no doubt that we are operating in a sellers’ market, and we will continue to make sales of assets that we believe are ready for sale or where we receive attractive offers.

“At the same time, our privileged network within the regional property community and our market reputation will assist us in securing further criteria compliant property that will provide capital growth potential and additional rental income.”

Ends (888 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 is a publicly quoted property investment company with a portfolio of 1,400,000 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 Real Estate Investment Trust (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 with the view to implementing a progressive dividend policy. Further information on the Company can be found at www.reiplc.com


REI declares £6.4 million profit and dividend up 20% in first half of 2017


Category: Property News
Click for larger image
Real Estate Investors plc (REI), the Birmingham-based property group and listed real estate investment trust, has turned in another impressive set of half year figures.

REI recorded a pre-tax profit of £6.4 million for the six month period to 30 June 2017, compared to a loss of £560,000 in the first half of 2016.

Underlying profits before tax were up 29.2% from £2.4 million in the first half of 2016 to £3.1 million.

The company will pay a second quarter divided on 0.75p, giving a total dividend for the first half of 2017 of 1.5p, up 20% on last year’s 1.25p.

REI has now recorded five years of year on year dividend growth.

During the first half of the year REI made sales of £12.4 million as the company recycles capital for future opportunities. Acquisitions, net of costs, totalled £8.9 million.

Paul Bassi, chief executive officer of Real Estate Investors plc, said: “Despite market and political uncertainty, we continue to benefit from our focused investment strategy, and a robust investment market.

“The weight of investment capital remains significant and investor demand for regional real estate has continued.

“We have made some strategic sales and will consider additional sales during the second half of 2017.

“With further acquisitions, we intend to maintain a £200 million portfolio and continue to grow the REI’s dividend payments, which have now seen five years of year on year growth.

“The West Midlands remains economically vibrant and a beneficiary of a much weakened sterling, and occupancy demand is set to benefit from the relocation of HSBC to Birmingham city centre and the HS2 investment in our region.”

The business is benefitting from record occupancy, up to 94.8% from 92.6% in the first half of 2016.
.
Mr Bassi said: “Demand across our retail and restaurant/bar units remains very strong and we have experienced competitive bidding and rental growth.

Demand for regional investment property remains strong - we are very much in a sellers’ market and have taken advantage of this by making sales totalling £12.4 million since the last year end.

“We anticipate further sales above book value in the second half of 2017, and also anticipate growing our rental income from acquisitions and lettings from within our existing portfolio, while maintaining a £200 million portfolio and a progressive dividend payment.

“There is limited criteria compliant property available to buy, and yet despite the level of competition for assets, we anticipate securing further criteria compliant property during H2, via our privileged network.

“We currently have £5 million of deals agreed and in legals and we are confident of securing further acquisitions before the year end,” he said.

He noted that the Midlands’ regional yield discount to London is still evident but said there has been a noticeable shift in focus from the South East markets to core regional markets including Birmingham.

There has also been strong interest in more secondary assets which is in part due to a lack of availability of prime assets. In the second half of 2017 prime yields are expected to remain unchanged, although transaction volumes are likely to increase as vendors look to capitalise on the depth of investor demand.

New acquisitions in the first half of 2017 included Maypole Retail Parade to the south of Birmingham, and a retail development at Barracks Road, Newcastle-under-Lyme

Sales have included Latitude, Bromsgrove Street, Birmingham for £2.7 million representing a net initial yield of 7.95% and ahead of cost and 31 December 2016 valuation.

REI also sold a non-core retail property in London Road, Norwich for £800,000 at a sale yield of 8.46% and The Broadway, Crawley for £1,925,000 at a sale yield of 8.87%.

More recently, the firm exchanged contracts to sell 6 Bennetts Hill, 102 Colmore Row, and 104-106 Colmore Row, three adjoining city centre offices, for a total consideration of £7.2million, reflecting a current net initial yield of 4.36% and a 4.35% capital premium above the December 2016 valuation. The sale completed on 2 August 2017, and so will be reflected in the H2 results.

Paul Bassi said: “Our objective for the second half of 2017 is to grow the portfolio further, subject to making strategic sales, and to grow our rental income.

“This will allow us to continue with our objective of growing our quarterly dividend payments, which have now seen five years of year on year growth, in line with our progressive dividend policy.

“We expect property yields to remain stable or compress further, particularly with the secondary market place increasing demand and a shortage of investment stock at the end of the year.

“REI remains confident that the outlook for our regional economy is positive, and that our portfolio will benefit from healthy occupancy levels and a growing rental income and revenues.”

But he pointed out: “There is no doubt that we are operating in a sellers’ market, and we will continue to make sales of assets that we believe are ready for sale or where we receive attractive offers.

“At the same time, our privileged network within the regional property community and our market reputation will assist us in securing further criteria compliant property that will provide capital growth potential and additional rental income.”

Ends (888 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 is a publicly quoted property investment company with a portfolio of 1,400,000 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 Real Estate Investment Trust (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 with the view to implementing a progressive dividend policy. Further information on the Company can be found at www.reiplc.com



September 13, 2017

Trent Bridge Quays to offer luxury living down by the riverside


Category: Property News
Click for larger image
Elevate Property Group has announced it is to start the construction of 95 houses and apartments perfectly placed on the banks of the River Trent, midway between the city centre and the highly desirable area of West Bridgford, Nottingham.
The development, to be known as Trent Bridge Quays, is Elevate’s first project in the East Midlands and its second joint venture with Investin plc.
The project has been hailed by David Hargreaves, managing director of agents FHP Waterside Living as one of the best located developments in the area.
He said: “Trent Bridge Quays provides purchasers with easy access to the city for work and West Bridgford’s bars, restaurants and retail offering for leisure. It’s a very clever location for all sorts of reasons.
“It is not in the city centre nor in West Bridgford but has a foot in both camps, with easy access to both the city centre and West Bridgford”
He said the announcement further enhanced Nottingham’s burgeoning riverside community with other developments such as Park Yacht Club and Trent Basin all adding to the mix.
“Trent Bridge Quays and these developments all benefit from each other and deliver something different.
“There is a lot of pent up demand in Nottingham for innovative developments such as this,” he said.
Trent Bridge Quays will continue Elevate’s commitment to delivering affordable luxury with properties ranging in price from £135,000 for a one-bedroom apartment, to £750,000 for a three-bedroom penthouse with rooftop garden and views across Nottingham and along the River Trent.
The development will consist of a range of three storey townhouses, all with terraces either to the front or rear, and apartments in large blocks flanking the River Trent and Meadow Lane. There will also be retail opportunities with two units in the development.
Elevate Property Group is the company behind a number of highly successful residential developments in Birmingham including Concord House, Honduras Wharf, St Paul’s House and Queensway House.
Its first joint venture with Investin plc was the development of Queens House in Coventry, a 62 apartment development that is almost sold out.
Steve Dodd, managing director of Elevate Property Group, said: “Trent Bridge Quays is being built in one of the most desirable areas in Nottingham.
“West Bridgford is the most expensive area of real estate in the East Midlands and so this development represents a significant project for Elevate.”
“The development sits within the Waterside Regeneration Area and has been specifically designed to provide a new public promenade along the river for pedestrians and cyclists.
The development stands where the Nottingham and Beeston Canal meets the River Trent.
The canal towpath provides a foot and cycle route right into the heart of the city and Nottingham’s vibrant nightlife.
The site on Meadow Lane will be popular not only with lovers of riverside living, but also sports enthusiasts.
It is within walking distance of Test Match and county cricket at Trent Bridge, Nottingham Rowing Club, Championship football at the City Ground of Nottingham Forest FC, Notts County FC at the Meadow Lane ground and Nottingham Rugby Football Club in nearby West Bridgford.
The project has been designed by the Birmingham office of international architects BDP and construction is expected to soon with the first homes available in the third quarter of 2018.
David Hargreaves said they were anticipating keen demand for Trent Bridge Quays.
“It is close by West Bridgford where house prices range from £200,000 to £4 million, an area that has the feel of a London suburb such as Chiswick or Putney. The area was named in a 2016 Lloyds Bank survey as a property hotspot and one of the most desirable places to live in the UK.
“We are already receiving inquiries about early off-plan opportunities, and we believe this reflects the strong interest there will be in this development.”
For further details, see http://www.elevatepropertygroup.co.uk/developments-grid/trent-bridge-quays/
Sole agents are FHP Waterside Living on 0115 841 1155, or email davidh@fhp.co.uk

Ends (656 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.



August 10, 2017

A&J Mucklow appoints Bulleys to handle major industrial portfolio


Category: Property News
Click for larger image
A&J Mucklow, the largest quoted investment property company in the Midlands, has shown its confidence in commercial property specialist Bulleys by appointing the firm to handle a further four Midlands industrial estates.

Bulleys has handled lettings on the Enterprise Trading Estate in Pedmore Road, Brierley Hill, for some years, but has now been appointed to a further four estates.

Bulleys, which has offices in Wolverhampton, Oldbury and Telford, will now represent the group on four sites in Halesowen – Mucklow Hill 1 Trading Estate, Mucklow Hill 2 Trading Estate, Shenstone Trading Estate and Forge Trading Estate.

The largest available unit of 9,900 sq ft on Shenstone Trading Estate was put under offer within two weeks of Bulleys being instructed.

Max Shelley, senior surveyor, said: “We have strong links with A&J Mucklow and this is a massive vote of confidence in the services we provide.

“Units are available on all five estates, suitable for a range of uses from industrial to trade and retail.”

One detached unit currently available is the largest on all five trading estates and is located at Forge Trading Estate.

The property extends to 14,141 sq ft and includes good quality office space, dedicated parking and loading areas fronting the unit and a secure yard.

A&J Mucklow Group plc, founded in 1933 and listed on the London Stock Exchange, is mainly focused on the West Midlands and offers occupiers a wide range of industrial and office space from 2,000 sq ft to over 100,000 sq ft.

Fisher German are jointly appointed with Bulleys on all five estates.

Ends (259 words)

For further information, please contact

Andy Skinner, ASAP PR – 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.



August 4, 2017

John Truslove helps Flotec Site Services make move to Redditch


Category: Property News
Click for larger image
Flotec director John Gardener with Ben Truslove of John Truslove Chartered Surveyors


A pipework company is pumped up for extra business after finding a new home in Redditch.

With the help of property agents John Truslove, Flotec Site Services Ltd has moved from shared premises in Oldbury to 77 Heming Road on the Washford Industrial Estate.

The firm, run by directors John Gardener and David Brueton, has taken 1,666 sq ft on a three-year lease.

It will be the company’s headquarters and fabrication shop.

Currently celebrating 20 years in business, work is focussed on the gas, steam, thermal oil and compressed air sectors.

End user clients include Babcock Wanson and cement group Cemex.

Over the years, Flotec Site Services has carried out installations in many parts of the world including North America, Europe and the Far East.

Mr Gardener said: “We chose Redditch because of the communications and ease of travel – I live in Bromsgrove and Dave is in Birmingham. It is working out well.”

Ian Parker, a director of John Truslove, said: “Flotec is the sort of gritty industrial business which is so much a part of Redditch.

“There are many complementary concerns in the town and I am sure Flotec already feels at home.”

Washford is one of Redditch’s most popular industrial estates with easy connections to the motorway network.

John Truslove is also currently marketing Units 78 – under offer – and 80.

Ends (222 words)

For more information, contact:

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

01527 584242

Prepared and issued by John Duckers of ASAP PR, 01789 490786, mobile, 07791 978705


John Truslove helps Flotec Site Services make move to Redditch


Category: Property News
Flotec director John Gardener with Ben Truslove of John Truslove Chartered Surveyors


A pipework company is pumped up for extra business after finding a new home in Redditch.

With the help of property agents John Truslove, Flotec Site Services Ltd has moved from shared premises in Oldbury to 77 Heming Road on the Washford Industrial Estate.

The firm, run by directors John Gardener and David Brueton, has taken 1,666 sq ft on a three-year lease.

It will be the company’s headquarters and fabrication shop.

Currently celebrating 20 years in business, work is focussed on the gas, steam, thermal oil and compressed air sectors.

End user clients include Babcock Wanson and cement group Cemex.

Over the years, Flotec Site Services has carried out installations in many parts of the world including North America, Europe and the Far East.

Mr Gardener said: “We chose Redditch because of the communications and ease of travel – I live in Bromsgrove and Dave is in Birmingham. It is working out well.”

Ian Parker, a director of John Truslove, said: “Flotec is the sort of gritty industrial business which is so much a part of Redditch.

“There are many complementary concerns in the town and I am sure Flotec already feels at home.”

Washford is one of Redditch’s most popular industrial estates with easy connections to the motorway network.

John Truslove is also currently marketing Units 78 – under offer – and 80.

Ends (222 words)

For more information, contact:

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

01527 584242

Prepared and issued by John Duckers of ASAP PR, 01789 490786, mobile, 07791 978705



July 25, 2017

Bulleys brokers Costa Coffee’s arrival at The Gateway


Category: Property News
Click for larger image
Commercial property specialists Bulleys are full of beans following Costa Coffee’s arrival at a major site off the M54 near Wolverhampton.

The chartered surveyors, who have been marketing three acre The Gateway, near Junction 2, first secured a Porsche dealership, leased to Pendragon Group, for the Stafford Road complex.

Now the firm is savouring this second letting – raising a glass to a newly-opened Costa Coffee Drive Thru.

That leaves just under 0.6 acres remaining, representing a further 4,000 sq ft of restaurant/retail/leisure/office accommodation.

Noel Muscutt, partner at Bulleys, which has offices in Wolverhampton, Oldbury and Telford, said: “It is a prime location, highly visible, with excellent communications and close by Jaguar Land Rover’s engine factory at i54.

“The Porsche scheme was granted planning consent in an exceptionally fast period of six weeks, reflecting the excellent support given by Wolverhampton Council for this prestigious development. Pendragon took a 15-year lease on a unit of circa 30,000 sq ft.

“Off the back of this deal Costa showed interest in the site which culminated in a successful letting, again for a period of 15 years, on an 1,800 sq ft Drive Thru unit with ancillary car parking and accommodation.”

The owner/developer, ASK Developments, intends to retain the two buildings which they have constructed on behalf of the occupiers as investment properties. Trebor Developments acted in a development consultancy role assisting in the construction of both.

Mr Muscutt, who negotiated both deals, went on: “It is excellent to see two household names taking occupation of The Gateway site which is a testament to its high-profile location. This part of the M54 corridor is now very active.

“We are currently promoting the final element of the site and are very hopeful it will prove equally appealing.”

Nearby amenities include a pub/restaurant with hotel, health & fitness centre, and local shopping.

Ends (306 words)

For further information, please contact

Andy Skinner, ASAP PR – 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.



July 4, 2017

Young property star joins SDL Auction Partners


Category: Property News
Click for larger image
SDL Auction Partners has appointed a young property star to help build the firm’s collaborative partnerships across the UK.

Jazmin Stones has joined the company’s head office in Chilwell, Nottingham, as sales and operations manager to coordinate the growth of the partnership network.

She will be the link with SDL Auction Partners’ business development team, working with more than 100 estate agent partners across the country.

SDL Auctions is one of the UK’s largest auction networks and holds more than 35 auctions across the country every year. Its SDL Auction Partners division allows estate agencies to offer properties at a live auction or in an online auction, while continuing to market it locally in the traditional way.

They can promote this additional route to sale, confident in the knowledge that SDL Auctions regular events are established and popular with buyers and sellers alike. The service not only applies to residential properties, but also to the sale of tenanted properties, land and commercial properties.

Ms Stones, aged 25, previously worked at Purplebricks estate agency in Birmingham, first as a local property expert and then heading up their concierge service. Before that she spent five years at Countrywide, joining as a Saturday viewer from college and training as a negotiator, valuer and lettings manager, before becoming a branch manager in Nottingham.

Andrew Parker, managing director and auctioneer at SDL Auctions, said: “We’re really pleased to have Jazmin working with us to help coordinate our teams as we expand our estate agency partnerships.

“She’s young but is already quite a property star and we’re confident her enthusiasm, commitment and knowledge will help drive this part of our business.”

Ms Stones, who lives in Farndon, near Newark, said: “I’m really enjoying the culture and ethos at SDL Auction Partners, which is so different to where I’ve worked before.

“The company is well-known and had great credibility as an auction network. They focus on being polite and professional at all times, always making sure they are working hard for the customer.”

Away from work, Ms Stones is a private buy-to-let landlord herself, already owning three properties.
Recalling her start in property straight from college, Ms Stones said that her parents had always owned buy-to-let properties and that this had inspired her to do the same.

She said: “I was saving money to start my own buy-to-lets and thought I may as well know what I’m buying by joining the sector.”

And thinking about her top tips for others interested in property, Ms Stones added: “Do your research. Never assume, never presume. People often put too much trust into other people. Make sure you have your own knowledge before you buy.”

For further information about SDL Auction Partners, visit the website at www.sdlauctions.co.uk.

ends (457 words)

For further information, please contact:
Chrissie Walker, Head of Marketing & Communications,
9 Regan Way, Chetwynd Business Park, Chilwell, Nottingham NG9 6RZ
chrissie.walker@sdlauctions.co.uk
0115 902 1020

Prepared by Steve Dyson of ASAP PR – 0781 8004575

About SDL Auctions
SDL Auctions is one of the UK’s largest auction networks. It offers both conditional and unconditional lots via traditional in-room and online auctions and sells a wide range of residential and commercial properties on behalf of both private individuals and corporate clients from investment properties and vacant houses to building plots, mixed use buildings and others.
In 2016, SDL Auctions sold over 1,300 lots and raised more than £150m in sales for vendors. Throughout 2017 SDL Auctions will hold 30+ auctions at Villa Park in Birmingham, Pride Park Stadium in Derby, Chester Racecourse, Nottingham Racecourse, the King Power Stadium in Leicester, the bet365 Stadium in Stoke and the AJ Bell Stadium in Manchester.



June 21, 2017

REI’s Gateway House now fully let


Category: Property News
Click for larger image
Instant Managed Offices Ltd has taken two floors at Real Estate Investors’ Gateway House in Birmingham city centre on behalf of Capita, the business process management and outsourcing solutions group.
The deal, for an annual rental of £87,074, involves the second and sixth floors of the building at 50-53 High Street.
It totals a combined 7,607 sq ft of space and a ten year term has been agreed.
Gateway House is now fully let.
REI senior asset manager Ian Clark said: “This latest letting once again reinforces the asset management strategy employed by REI in terms of making the most of the 27,000 sq ft complex and the local market knowledge we have.”
Gateway House occupies a prominent corner site bounded by High Street and Carrs Lane and forms part of Birmingham's central area.
Health food chain Holland & Barrett trades from the ground and first floors.
Lambert Smith Hampton acted for REI on the latest letting.

Ends (157 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

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

About Real Estate Investors plc

Real Estate Investors Plc is a publicly quoted property investment company with a portfolio of over 1,400,000 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 Real Estate Investment Trust (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 with the view to implementing a progressive dividend policy. Further information on the Company can be found at www.reiplc.com.



June 14, 2017

REI capitalises on growing confidence in West Midlands property market


Category: Property News
Click for larger image
Real Estate Investors plc has moved quickly to take advantage of growing confidence in the Birmingham investment market.
The AIM-listed firm has sold a part-vacant investment property at 102-106 Colmore Row and 6 Bennetts Hill and bought two Midlands commercial estates.
The Birmingham city centre property has been sold to Cervidae Consultancy for £7.2 million, reflecting a current net initial yield of 4.36% at a premium to REI’s December 2016 year-end valuation.
The first purchase – a mixed use development at Alcester Road South, Maypole, Birmingham – has tenants including a 60-bed Travelodge Hotel, Wilko Retail Ltd, Ladbrokes, Halfords, Subway and KFC.
The site was acquired for £6.1 million at a net initial yield of 7.22%. The hotel and six ground floor retail units have a combined contracted rental of £469,875 per annum.
The second site – a leisure and retail investment at Barracks Road, Newcastle-under-Lyme – has been purchased for £2.8 million, at a net initial yield of 8%, producing £238,700 in annual rental income, rising to £261,696 from February 2018.
It has four purpose-built units and is let to three tenants, Exercise4less, Bathstore, and Domino’s.
REI chief executive officer Paul Bassi, CEO of REI, said: “Against a backdrop of political uncertainty, we have enjoyed an excellent period of activity during which we have secured a further £8.90 million of criteria compliant investment property.
“We have further improved our occupancy and contracted rental income together with a strategic sale, while maintaining a near £200 million portfolio.
“These recent acquisitions provide immediate income and asset management opportunities and have the potential to provide capital growth.
“We believe that economic uncertainty from Brexit negotiations will provide further opportunities for acquisitions, which together with transactions that are already under offer will deliver increased contracted rental income in 2017, which is in line with our strategy to support the further growth of our fully covered dividend payments.”

Ends (310 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 is a publicly quoted property investment company with a portfolio of over 1,000,000 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 with the view to implementing a progressive dividend policy. Further information on the Company can be found at www.reiplc.com.



June 13, 2017

John Truslove lighting the way for FW Thorpe’s growth


Category: Property News
Click for larger image
Redditch lighting group FW Thorpe has taken nearly 20,000 sq ft of extra space in the town for one of its thriving businesses.

In a deal arranged by property agents John Truslove, it has purchased Heming Point, Claybrook Drive, on the Washford Industrial Estate.

The unit was formerly owned by logistics company Avon Freight Group which itself recently announced a £3.5 million expansion in Redditch – also brokered by John Truslove.

Avon Freight Group agreed a ten-year lease on 50,000 sq ft Unit 2, Acanthus Park, the first speculative Grade A industrial unit to be built in the local area since the 2008 recession.

For FW Thorpe, which has its main base at Merse Road, North Moons Moat, the acquisition, for an undisclosed sum, comes on the back of impressive results for the 2015/16 financial year – revenue ahead 20.9 per cent at a new high of £88.9 million and pre-tax profits of £16.3 million, up from £14.4 million in the previous 12 months.

The company, whose brands include Thorlux Lighting, Compact Lighting, Philip Payne, Portland Lighting, Solite, TRT Lighting, and Netherlands-based Lightronics, employs nearly 600 people.

Heming Point, built in 2004, sits on a 1.5-acre site, comprising 19,720 sq ft inclusive of a main warehouse with attached two storey office block, and there is lapsed planning for an 8,000 sq ft extension.

FW Thorpe financial director and company secretary Craig Muncaster said it would become the new home of TRT Lighting, the firm’s road and tunnel arm, which will be transferring from Target Park in Redditch.

Work is underway at the complex and it is hoped the subsidiary will be fully operational on the new site in the summer, covering manufacturing, testing and development facilities, a showroom and administration functions.

Mr Muncaster said: “TRT Lighting was a start-up some years ago, and this will give it 50 per cent more space.

“The site is suitable to be expanded over time so this provides opportunities into the future.

“The aim is for TRT Lighting to become a stand-alone operation but meantime it makes sense for it to be close to our headquarters so it can access the expertise to help it grow.

“The move should result in new jobs in the future.”

Ben Truslove, a director of John Truslove, who advised Avon Freight Group on the sale, said the premises had gone for above the asking price of £1.9 million.

He noted: “It is a large site, conveniently located and ideal for FW Thorpe’s requirements.

“The company continues to go from strength to strength and is one of the ‘shining lights’ of the Redditch manufacturing sector.

“It is fantastic to see it performing so well.”

On its Acanthus Park move, Avon Freight Group, which offers global storage and distribution, retained its refurbished head office at 80,000 sq ft Unit 29 Heming Road but decided Heming Point was surplus to requirements.

Acanthus Park was brought to market by specialist commercial property developer Hamdon Gate. It involved an initial 150,000 sq ft facility subsequently let to logistics firm AMCO Services (International) Ltd with Unit 2 following on.

Ends (513 words)

For more information, contact:

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

01527 584242

Prepared and issued by John Duckers of ASAP PR, 01789 490786, mobile, 07791 978705.



May 22, 2017

How property auctions could help solve the UK’s housing crisis


Category: Property News
Click for larger image
Local councils could help to solve the UK’s housing crisis by using property auctions as a modern-day version of compulsory purchase orders (CPOs), according to a leading auctions boss.

Rory Daly, chief executive of SDL Auctions, was talking after new research revealed more than 200,000 homes in England with a total value of £43 billion were lying empty, despite the desperate shortage of properties to rent and buy.

Mr Daly explained that councils used to threaten empty property owners with CPOs but that this had become unworkable because there was no longer the public money available to fund such policies.

Instead, he argued, some councils were now starting to threaten court action unless property owners either refurbished the homes or put them up for sale in auctions, with special conditions to make them habitable within 12 months.

Mr Daly said: “All this focus on greenbelt and brownfield sites for new homes is staggering, given that the number of homes lying empty that could be occupied after refurbishment is not far away from a whole year’s worth of new build.

“In the old world, local authorities would enforce CPOs on properties not fit for occupation, but that doesn’t happen now because councils haven’t got the public money available.

“And yet simply trying to cajole owners of empty homes to get their properties into a fit state for occupation is also flawed because the owners often haven’t got the funds necessary to refurbish them.

“What some councils have started doing is to use SDL Auctions as an option for selling properties where nothing is happening.

“It’s like a modern day CPO: the council tells property owners to either do what we’ve asked you to do or use another option – sell your property in an auction.”

Mr Daly said SDL Auctions, one of the UK’s largest auction networks, had found that empty homes in desperate need of refurbishment had become the most popular properties in the auction sector.

And he said that this new way of forcing empty home-owners to act had already resulted in dozens of successful auctions for Wolverhampton City Council.

Mr Daly said: “What we’ve done with Wolverhampton Council is to enable them to take action with some really hazardous, anti-social properties where there was no other workable option.

“By using our property auctions, Wolverhampton has enabled properties to be sold to buyers who are in the market for refurbishing homes for buy-to-let or sale.”

Mr Daly stressed that the empty properties were put up for auction under special conditions that they had to be brought into a satisfactory habitable condition within 12 months.

He said: “On dozens of occasions this has solved a problem for all parties: the buyer gets a property they want to invest in; the owner avoids court action by the council, is relieved of what’s become a serious problem, and quickly receives its market worth.

“Most importantly, this new way of dealing with the empty homes problem can help to take the heat off what is a massive, national housing problem.”

According to the research*, Birmingham was the worst affected city outside of London with 4,397 empty homes worth an estimated £956m, followed by Bradford (3,944 homes worth £858 million) and Liverpool (3,449 homes worth £750 million).

The cities of Leeds, Sheffield, Sunderland, Wakefield, Doncaster, Blackburn and Bolton were also in the top ten for the highest number of empty homes, collectively worth more than another £2.5 billion.

Mr Daly said that SDL Auctions – with auction sites in Birmingham, Cheshire and North Wales, Derby, Leicester, Nottingham, Stoke, and Manchester – was happy to meet with other councils facing the same problems.

He added: “The market is currently falling over itself to buy such properties. We’ve currently got 40,000 people registered to buy properties across our network.

“We’d like to hear from any local authorities who have problems with empty homes, as we can quickly help them to solve this issue locally, as well as helping to relieve the national housing crisis.”

Future SDL Auctions events are listed here, and anyone interested should call 0800 304 7879 or email enquiries@sdlauctions.co.uk

Ends (683 words)

* The research was produced by property investment firm Property Partner, which collated the report from the latest Department for Communities & Local Government figures.

For further information, please contact:
Chrissie Walker, Head of Marketing & Communications,
9 Regan Way, Chetwynd Business Park, Chilwell, Nottingham NG9 6RZ
chrissie.walker@sdlauctions.co.uk
0115 902 1020
Prepared and issued by Steve Dyson of ASAP PR – 0781 8004575.
About SDL Auctions
SDL Auctions is one of the UK’s largest auction networks. It offers both conditional and unconditional lots via traditional in-room and online auctions and sells a wide range of residential and commercial properties on behalf of both private individuals and corporate clients from investment properties and vacant houses to building plots, mixed use buildings and others.
In 2016, SDL Auctions sold over 1,300 lots and raised more than £150m in sales for vendors. Throughout 2017 SDL Auctions will hold 30+ auctions at Villa Park in Birmingham, Pride Park Stadium in Derby, Chester Racecourse, Nottingham Racecourse, the King Power Stadium in Leicester, the bet365 Stadium in Stoke and the AJ Bell Stadium in Salford, Manchester.



May 10, 2017

Apartments plan for 1930s offices in prime Birmingham suburb


Category: Property News
Click for larger image
A rare chance has emerged to buy an attractive office building on the border of the desirable Birmingham suburb of Moseley, with the prospect of converting it into luxury apartments, according to property agents Bond Wolfe.
Longmore House, on Cromer Road, Moseley, extends to approximately 17,000 sq ft over three floors and is considered ideal for residential use, subject to planning permission.
The freehold building, dating from around the 1930s, is currently occupied by a Birmingham charity, but will become vacant when they relocate in September 2017.
James Mattin, managing partner of Bond Wolfe commercial property agency, said: “We have just put this property to market and already it has caused quite a stir, with dozens of approaches in the first 24 hours.
“We’re not surprised, as Longmore House is an impressive property just outside the highly sought after suburb of Moseley, and is ideally suited to conversion to luxury apartments.
“We plan to market the opportunity for a couple of weeks and will then invite offers by a closing date. We expect a wide variety of offers, given its obvious alternative use potential.”
Mr Mattin said Longmore House currently has front and rear car parks on a site of approximately 0.59 acres (0.24 hectares), with “excellent scope” to increase the building’s footprint at the rear.
The ground and first floors of Longmore House are currently laid out as offices and meeting rooms along with common areas, toilets and staff facilities, with a former caretaker’s flat on the second floor.
The property, currently occupied by Birmingham Rathbone Society, is located on the west side of Alcester Road (A435), on the edge of Moseley and Balsall Heath, opposite the Ark Tindal primary school.
Plans are already being drawn up for a substantial scheme of apartments, and copies will soon be available on request from Bond Wolfe.
Mr Mattin added: “Offers are invited for the freehold purchase of this property, both on an unconditional or subject to planning basis, and they will be considered on their individual merits.”
Potential buyers should contact James Mattin on 0121 524 1172 or via jamesmattin@bondwolfe.net

ENDS (349 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 Steve Dyson of ASAP, Tel: 0781 8004575

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.



May 4, 2017

Hope for High Town eyesore site at last


Category: Property News
Click for larger image
When fire took hold and tore through two landmark Grade II listed buildings in Hereford’s High Town area, on Thursday 21 October 2010, it left a site that has lain derelict for over six years.
Now a Birmingham-based property developer is planning to bring 16-18 High Town back to life as a mixed-use development incorporating residential and retail accommodation.
The site has the benefit of conditional planning consent however Elevate Property Group will shortly be submitting more detailed plans to Herefordshire Council and if all goes to plan the intention being that work could start on the development as early as this summer.
The original buildings, which were gutted by the fire that required more than 100 firefighters to bring it under control, have stood empty since October 2010. They have their origins in the 15th and 16th century but also had 18th and 20th century additions.
Over the last six years attempts to re-develop the site have been blighted for various reasons including previous owners failing to start restoration work, enforcement notices, owners going into administration and preservation concerns.
With the purchase of the site by Elevate Property Group, a bold scheme is now in preparation that will breathe life back into the heart of High Town.
The only factor to be resolved is a sufficient power supply to the area. When the fire gutted the site, an electricity sub-station that supplied that area of Hereford was removed.
Existing power provision in the area is insufficient and the Council is currently pressing Western Power Distribution to agree an early solution and the provision of a sub-station to complete the proposed package.
Elevate Property Group managing director Steve Dodd said: “Our detailed application currently being prepared by local architects Hook Mason will include the construction of two Zone A retail units and a combination of 20 apartments, penthouses and townhouses with associated parking.
“The project will be managed and overseen by our development managers BACE Construction Consultants.”
The breakthrough in the six year saga came with an historical appraisal produced by Philip Belchere of Hereford architects Hook Mason Ltd.
In a report first produced in October 2015 and revised in May 2016, he secured agreement with Historic England that, in effect, the damage was too serious to warrant insisting on extensive retention of the existing fabric of the buildings.
He wrote: “16-18 High Town have undergone significant alterations and adaptations since their original medieval construction with much of the fabric having been re-used from elsewhere.
He added that “the historic relevance of most of the remaining structures is lost and retention or reintegration is of limited significance”.
“The proposals are to re-use limited original structure agreed with Historic England, within the footprint of the design and fundamentally clear the site for redevelopment.
“The retention of the Alban House frontage is a flawed concept and…a pragmatic approach of replication is favoured by the development team and is recommended to the authority,” he said.
The project is Elevate Property Group’s first in the cathedral city and will be welcomed both by homeseekers searching for a city lifestyle in the heart of Hereford and by retailers.
It will also breathe life back into what has been an eyesore in High Town for many years and the subject of continuous speculation over the future of the site.
Elevate MD Steve Dodd said: “Many saw a problem. We see an opportunity and we are delighted to have secured this site, we plan to use a local contractor to complete the works on our behalf”.
“We believe the scheme we will be proposing addresses local concerns and combines an attractive blend of old and new in a part new build, part restoration project.”
Elevate has a tremendous track record in tackling renovation and refurbishment projects, especially in city centres. In the past two years, it has completed four such projects in Birmingham city centre now including some of the city’s most desirable homes.
Other projects include homes in Malvern, where the sympathetic yet contemporary conversion of the former Holywell chapel and music rooms in which Edward Elgar played and taught were rightly acclaimed as well as Well House school.
The scheme for Alban House proposes apartments ranging from 1 bed starters homes to 2 bedroom penthouses with roof terraces, and courtyard townhouses to the rear, prices are yet to be determined.
Steve Dodd added: “We are committed to bringing back to life a very valued and much cherished part of Hereford and we look forward to working with the planning department and local organisations to deliver a project that is long overdue.
“Other examples of our work can be seen at http://www.elevatepropertygroup.co.uk .”

Ends (777 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.
Prepared and issued by Andy Skinner of ASAP PR – 01789 490786 or 07990 978257.



April 18, 2017

SDL Auctions Bigwood in Birmingham building now for national roll-out


Category: Property News
Click for larger image
One of the UK’s largest auction networks, which holds regular auctions at The Holte Suite at Aston Villa FC in Birmingham, has unveiled the next step in its progression into a national network.

Leading names SDL Bigwood, SDL Graham Penny and the auction operation of Humphreys of Chester have rebranded to SDL Auctions to bring into sharp focus its growing presence as a national player in the auction market.

SDL Auctions is currently focusing on building a north west market through regular auctions in Bolton and Chester, with other regions to follow.

The launch of a dedicated national website gives clients instant access to all SDL Auctions’ events, wherever they are in the UK.

SDL Auctions chief executive officer Rory Daly said: “Our strategy is clear. We aim to be the ‘go to’ auction house across England and an all-encompassing website that gives clients to all our lots online as they are entered for each auction will be welcomed by our regular clients and professional investors.

“Now with more than 35 auctions a year across the UK, there was clearly a need for a central resource that would enable our regular clients to search for lots that met their investment criteria.

“We are seeing more and more the emergence of the full time auction client – those who understand the market and know what they are seeking.

“By tracking future auctions and lots as they go online at www.sdlauctions.co.uk they can plan their diary and anticipate cashflow and funding requirements further into the future.”

Andrew Parker, auctioneer and managing director at SDL Auctions, said: “Our new national website will grow as our reach further expands across the UK.

“SDL Auctions sells lots from all parts of the country and has regular auctions in five sites in the Midlands.

“We are now building our presence in in the north west in Bolton and Chester which links us into north Wales.

“We needed a resource for the growing number of sophisticated auction clients who understand the market and appreciate the potential of buying and selling at auction.”

SDL Group began building a national auction network when it acquired Birmingham-based CPBigwood in December 2015. This was quickly followed in the Spring of 2016 with the purchase of Graham Penny Auctions which operated in Leicester, Nottingham and Derby.

Since then SDL Auctions has launched auctions in Stoke-on-Trent and acquired Humphreys of Chester in autumn 2016.

The SDL Auctions network now offers regular auctions in Birmingham at Villa Park, Pride Park Stadium in Derby, Nottingham Racecourse, the King Power Stadium in Leicester, bet365 Stadium in Stoke, Chester Racecourse and the Macron Stadium in Bolton.

Ends (438 words)

For further information, please contact
Chrissie Walker, Head of Marketing & Communications,
9 Regan Way, Chetwynd Business Park, Chilwell, Nottingham NG9 6RZ
chrissie.walker@sdlauctions.co.uk
0115 902 1020
Prepared and issued by Andy Skinner of ASAP PR – 01789 490786 or 07990 978257.
About SDL Auctions
SDL Auctions is one of the UK’s largest auction networks. It offers both conditional and unconditional lots via traditional in-room and online auctions and sells a wide range of residential and commercial properties on behalf of both private individuals and corporate clients from investment properties and vacant houses to building plots, mixed use buildings and others.
In 2016, SDL Auctions sold over 1,300 lots and raised more than £150m in sales for vendors. Throughout 2017 SDL Auctions will hold 30+ auctions at Villa Park in Birmingham, Pride Park Stadium in Derby, Chester Racecourse, Nottingham Racecourse, the King Power Stadium in Leicester and the bet365 Stadium in Stoke.



March 23, 2017

A view to a chill


Category: Property News
Click for larger image
An apartment featuring one of the most impressive roof terraces in Birmingham city centre is on the market through Century 21 Bigwood with a price tag of more than £300,000.

The two-bedroom luxury property in the PostBox development provides a great opportunity to enjoy stunning views.

Justyn Horton, senior branch manager, said: “The terrace is ideal for barbeques and balmy evenings in summer.

“Bring out your deckchair, soak up the sun, sip a refreshing drink, look down on the hustle and bustle – it’s a great way to finish a day working in the city.

“To have this much private outdoor space in the city centre is rare. It has to be seen to appreciate fully what is on offer.”

The penthouse is immaculately presented and provides two double bedrooms, an open plan lounge/kitchen area, and a bathroom. It has an allocated car parking space, lifts and a concierge service.

The PostBox is stylish city living at its best, and comprises 44 contemporary one and two bedroom apartments.

Positioned at the heart of Birmingham’s most fashionable neighbourhood, it is set around a beautifully landscaped communal garden.

The complex is ideally located close to Birmingham Museum and Art Gallery, and next to all the shops in the Mailbox, including Harvey Nichols and Emporio Armani.

Other nearby attractions include Chinatown, Symphony Hall, the National Indoor Arena, Brindleyplace and Broad Street.

“They are all an easy walk away,” said Mr Horton. “It really is a tremendous location and is a chance to own one of the area’s most prestigious properties.”

Ends (283 words)

For further information, please contact:

Justyn Horton, Senior Branch Manager,
Century 21 Bigwood, 104-106 Colmore Row, Birmingham, B3 3AG

0121 237 4860

www.century21uk.com
Prepared and issued by Andy Skinner of ASAP PR, 01789 490786, mobile, 07990 978257.

Editors’ Notes

Century 21 Bigwood and SDL Bigwood, as divisions of the SDL Group, offer a complete property service including commercial and residential agency, property management, valuations, auctions, agricultural, professional consultancy, building surveys and development and planning. SDL Bigwood has offices in Birmingham, Stratford-upon-Avon, Loughborough, Southampton, and London, as well as the Group’s headquarters in Chilwell, Nottingham.



March 15, 2017

Elevate Property Group and Investin Plc to launch first joint venture in Coventry.


Category: Property News
Click for larger image
Designer apartments at first time buyer prices – that’s the pledge from the latest developer to commit to Coventry.
Elevate Property Group the company is behind a number of highly successful residential developments in Birmingham, including Concord House, Honduras Wharf, St Paul’s House and Queensway House is launching it 1st development in Coventry with JV Partner Investin Plc.
The developers are keen to catch the wave in Coventry, where more than £9 billion is being invested in regeneration schemes across the city.
Queens House in Queens Road, Coventry, will offer 62 much-needed one and two bedroom apartments and studios right in the heart of the city.
Prices will range from £120,000 to £195,000 for the 45 one bedroom and 17 two bedroom apartments and with construction work already well underway Elevate expects to be handing over the first properties in late Autumn 2017.
Elevate MD Steve Dodd said: “Owning an apartment at Queens House will not only provide the key to a new home, but will unlock the opportunity for a city lifestyle.
“Our move into Coventry marks the first joint venture with Investin plc and we are already targeting other Midlands cities with a number of deals in the hands of lawyers.
“Queens House is within walking distance of all of Coventry’s exciting new developments and the vibrant city centre.
“Coventry is clearly a city on the up, and we are excited about the opportunities we see there.”
Coventry is England’s ninth largest city with a population of 345,000 and, according to a CBRE survey published in 2016, ranks as one of the five best UK cities for rental growth, with rent rises in the past year of 14 per cent, to an average of £677 per calendar month.
The city has an average age of 36.8 years and the population is expected to grow seven per cent to 355,990 by 2020.
It has a vibrant university scene with Coventry University named Modern University of the Year in 2014, 2015 and 2016, and nearby Warwick also highly rated, making it a magnet for students and young professionals.
For those working in Birmingham, the regional capital is just 23 minutes away by train.
Steve Dodd said: “Queens House is the right product for the right market at the right time and we are very excited about the prospects for Elevate and Investin in Coventry.
“We are anticipating strong interest and already have over 30 per cent off-plan sales agreed from eager buyers and investors.”
The selling agents are Connells of Coventry on 02476 553093.
Ends (423 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.


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