Latest property articles


October 10, 2018

Former neighbourhood offices to be sold in SDL Auctions Bigwood’s October auction


Category: Property News
Click for larger image
Birmingham City Council is selling off two of its former neighbourhood offices in SDL Auctions Bigwood’s October auction at Aston Villa Football Ground on Wednesday 24 October.

The 153 lot catalogue is the largest SDL Auctions Bigwood has ever offered for an October auction.

First to go under the hammer at the auction will be a substantial site of 4,789 sq yards including a single storey former neighbourhood office at 134 Church Lane in Aston.

The single storey offices have a net internal area of 1,840 sq ft and the site includes parking.

The second council property is in Monmouth Road in Bartley Green and is also includes a single storey office unit extending to 4,480 sq ft on a site of approximately 2,995 sq yards.

Both are freehold sites with vacant possession on completion and both come with *guide prices in excess of £400,000.

Gurpreet Bassi, head of residential auctions (Midlands) at SDL Auctions Bigwood, said: “Both of these lots involve substantial sites which may be suitable for residential development, subject to planning permission.

“They represent an ideal investment opportunity for a local developer to work with the City Council to bring these sites back into gainful use, and subject to planning, bring much needed new housing to these areas.

“This is an excellent example of our private sector/public sector partnership which enables us to bring lots such as these to auction and thus capitalise on the council’s unwanted property stock, raising money for the local authority and freeing up land for investment and development by the private sector.”

The SDL Auctions Bigwood auction on Wednesday 24 October will feature a catalogue of 153 lots which can be viewed here.

Ends (281 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 Andy Skinner, 01789 490786, mobile 07990 978257.

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.



September 27, 2018

Truck dealer set to expand into new Worcestershire site, thanks to Thursfields


Category: Property News
Click for larger image
Pic cap: Paul May, John Dillon, Rob Pettigrew and Tony Gibb

Thursfields Solicitors has helped one of the UK’s top truck dealers to buy a new site in Worcestershire ahead of its planned expansion.

The leading Midlands law firm acted for PM Commercials and a pension fund in the multi-million pound purchase of the 9.3-acre site at Berry Hill Industrial Estate in Droitwich.

Paul May, owner of the commercial vehicle dealer, plans to use around 2-acres of the new site for larger offices and truck parking spaces, with the remaining space rented out to other businesses.

In what was a complex simultaneous deal, Mr May’s pension fund bought 1.5-acres of the new site, while the remaining 7.8-acres was acquired by his property company.

Tony Gibb, director of the Commercial Property department at Thursfields, said: “We worked between the acquiring company and the sub-sale pension fund, reporting to our respective clients and the solicitors acting for the lending bank.

“This was a complicated deal, and an intensive one given the major interest in the site due to its prime location, but we successfully secured an exchange of contracts on a tight deadline to the satisfaction of everyone involved.”

Mr Gibb worked on the project for the pension fund, while Thursfields’ co-director Rob Pettigrew acted for PM Commercials.

PM Commercials is currently based at Rushock Trading Estate in Droitwich, a 1.6-acre site that it intends to retain and rent out once it has moved.

Mr May said: “We were really impressed with the careful and detailed legal work carried out by Thursfields to make this purchase go ahead so smoothly.

“Our expanding business needs the extra office and parking space and the new site at Berry Hill Industrial Estate offers a great location.

“Once we have moved, we will rent out the other space we have purchased along with our existing premises.”

John Dillon, of GJS Dillon commercial property consultants, advised on land registry plans and commercial use, while Ballards chartered accountants provided land tax advice.

Ends (323 words)

For further information, please contact:

Dani James, Business Development Manager, Thursfields Solicitors
Email: djames@thursfields.co.uk Tel: 01905 677066

Or
Steve Dyson, ASAP PR – 01789 490786, mobile 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 150 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.



September 17, 2018

REI poised to pounce and dividend up again


Category: Property News
Click for larger image
Pic cap: Topaz Business Park, near Bromsgrove, was acquired by REI in the first half of 2018 for £4 million

Birmingham-based Real Estate Investors plc has a £30 million war chest ready to take advantage of any downturn due to Brexit negotiations.

Chief executive Paul Bassi was commenting in the light of REI’s half year results to 30 June 2018 which have seen the AIM-listed business grow its gross property assets to £217.8 million, up 2.2% on 2017, and underlying profits before tax up 9.7% to £3.4 million.

REI has also declared a second quarter dividend of 0.875p, giving a fully covered dividend for the first half of its financial year of 1.75p, up 16.7% on last year, showing five years of growth.

In spite of Brexit storm clouds on the horizon, Mr Bassi is predicting record revenues and contracted rents over the next 12 months.

He said: “Our portfolio remains stable, secure and diverse across many sectors, without any material exposure to a single sector or occupier.”

But he cautioned that while REI was mindful of the potential effect of Brexit, it was also set to move swiftly to take advantage of opportunities that occur in 2019.

“In line with our strategy, the year to date has been a period of preparation for any market downturn that we may experience over the coming 12 months, given the ongoing political uncertainty,” he said.

“Accordingly, we have made strategic sales and secured £30 million of cash and agreed bank facilities to enable us to capture criteria compliant assets as opportunities arise.

“We are well placed to grow the portfolio further, achieve record contracted rental income over the next 12 months and grow our dividend payments, in line with our progressive dividend policy.”

He said his optimism was based on future potential rental revenue from empty space within the portfolio which he anticipates could add £1.6 million and further enhance capital values and reduce REI’s holding costs upon letting. Occupancy across the portfolio is currently 92% as REI refurbishes space to relet on higher rents.

“Additionally, as announced earlier in the year, we have approximately 250,000 sq ft of potential for ‘permitted development’ conversion to residential. The conversion or sale of these properties will provide positive capital growth and valuation gain.

“Since the half year end, we have already agreed terms for the sale of an office scheme for permitted development at a premium to the existing office valuation.

“Demand for regional property investment remains strong, and is attracting diverse international investors, local authorities and HNW individuals, together with the UK funds, institutions and property companies, many of whom traditionally focus on London,” he said.

During the first half of 2018, REI paid £7.6 million to acquire further West Midlands assets, including £4 million for Topaz Business Park at Bromsgrove multi-let park with tenants including QS Finance, MV Kelly, Handelsbanken, Fuelsoft, Toshiba and Instinctive Technologies.

The site has additional land that could accommodate further offices and a drive through, subject to planning.

The company also acquired city centre offices in Molineux, Wolverhampton, for £3.582 million which is let to the Secretary of State, Department for Communities and Local Government on a recently re-geared 10-year full repairing and insuring lease with a tenant break at the fifth year. The investment was acquired with a current rental of £324,370 per annum and a net initial yield of 8.50%.

Since 30 June, REI has acquired a prime retail neighbourhood scheme in Kings Heath, Birmingham, for £4.8 million. Occupiers include Wilko Retail, Scrivens Opticians, Burton, Lloyds Pharmacy, Specsavers, Greggs and Bon Marche, producing £445,860 rent per annum.

Mr Bassi said: “We continue to operate in an exceptionally vibrant regional economy that we believe is in a period of rebirth and has now established itself as a prosperous UK region.

“The benefit of the major relocations of HSBC and the Inland Revenue, combined with the arrival of HS2 and major future events such as the Birmingham 2022 Commonwealth Games and Coventry City of Culture 2021, will bring further positive economic benefit to our market place, through improved occupancy and rental growth.”

Ends (664 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



September 12, 2018

Growth prompts Godwin to move to top new Birmingham office address


Category: Property News
Click for larger image
Pic cap: Stuart Pratt, group development director and co-founder, Godwin Developments, George Jennings of GVA, Matt Chandler, development manager, Godwin Developments

Godwin Developments has taken the top floor of one of Birmingham’s most prestigious office addresses as its new West Midlands headquarters.

The UK-focused regional property development and investment company is moving from its current Colmore Row address to the newly refurbished One Newhall Street, due to pressure on space.

In the past year, staff numbers have increased by 60 per cent as the firm’s growing number of regional projects has expanded.

Godwin Developments has taken the top floor office space on a ten year lease, in a deal which includes a 1,750 sq ft terrace with views across central Birmingham and beyond.

Stuart Pratt, group development director and co-founder of Godwin Developments, said: “We are delighted with our new offices in Birmingham which will allow us to accommodate the expansion plans we have for the coming years.

“The additional space inside the office is complemented by the outside terrace and we are particularly pleased with this as we hope our clients, team and partners will benefit from the central location, great views and well thought out space we are now occupying.”

Godwin Developments is the first tenant to take space in the 50,000 sq ft building which has been fully refurbished to Grade A standard by owners Ardstone Capital, the Dublin-based property investment company.

The refurbishment work, and eighth floor fit out by Office Innovations, has seen the installation of a fully glazed façade fronting Newhall Street, the expansion of floorplates on all floors and a greatly enhanced and refurbished reception area.

Joint letting agents are GVA and JLL.

George Jennings, director in the national office space team at GVA based in Birmingham, said: “Godwin Developments is the first occupier to take space at One Newhall Street following completion of the comprehensive programme of works which has brought new life to this building.

“One Newhall Street has secured a rental value of £30 per sq ft for this suite, which is a testament to the quality of the works and level of refurbishment.

“One Newhall Street occupies a prestigious position just off Colmore Row. It is a prime example of what can be accomplished through the refurbishment of existing stock to meet Birmingham’s continuing demand for well located, high quality office space.”

Godwin Developments was advised by Aaron Chandler of Birmingham law firm Emms Gilmore Liberson and Marcus Hayes of Bespoke Office Space Solutions (BOSS). Ardstone Capital was advised by Phil Murphy at international law firm Pinsent Masons.

Godwin Developments is an established regional developer which currently has ongoing residential and commercial developments across the UK including retail and private sector schemes.

The company has offices in Birmingham, Nottingham and London.

Ends (441 words)

For further information, please contact:

Shivani Parmar, Marketing Manager,
Godwin Developments 122 Colmore Row, Birmingham, B3 3BD
0121 516 9508

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

Editors’ Notes
Godwin Developments is an established UK-focused regional developer of freehold residential, retail, mixed use, commercial and industrial projects. It has offices in Birmingham, Nottingham and London. The company has a strategy of acquiring and building out an extensive and diversified portfolio, either on its own account or in partnership.


Growth prompts Godwin to move to top new Birmingham office


Category: Property News
Pic cap: Stuart Pratt, group development director and co-founder, Godwin Developments, George Jennings of GVA, Matt Chandler, development manager, Godwin Developments
Ltd

Godwin Developments has taken the top floor of one of Birmingham’s most prestigious office addresses as its new West Midlands headquarters.

The UK-focused regional property development and investment company is moving from its current Colmore Row address to the newly refurbished One Newhall Street, due to pressure on space.

In the past year, staff numbers have increased by 60 per cent as the firm’s growing number of regional projects has expanded.

Godwin Developments has taken the top floor office space on a ten year lease, in a deal which includes a 1,750 sq ft terrace with views across central Birmingham and beyond.

Stuart Pratt, group development director and co-founder of Godwin Developments, said: “We are delighted with our new offices in Birmingham which will allow us to accommodate the expansion plans we have for the coming years.

“The additional space inside the office is complemented by the outside terrace and we are particularly pleased with this as we hope our clients, team and partners will benefit from the central location, great views and well thought out space we are now occupying.”

Godwin Developments is the first tenant to take space in the 50,000 sq ft building which has been fully refurbished to Grade A standard by owners Ardstone Capital, the Dublin-based property investment company.

The refurbishment work, and eighth floor fit out by Office Innovations, has seen the installation of a fully glazed façade fronting Newhall Street, the expansion of floorplates on all floors and a greatly enhanced and refurbished reception area.

Joint letting agents are GVA and JLL.

George Jennings, director in the national office space team at GVA based in Birmingham, said: “Godwin Developments is the first occupier to take space at One Newhall Street following completion of the comprehensive programme of works which has brought new life to this building.

“One Newhall Street has secured a rental value of £30 per sq ft for this suite, which is a testament to the quality of the works and level of refurbishment.

“One Newhall Street occupies a prestigious position just off Colmore Row. It is a prime example of what can be accomplished through the refurbishment of existing stock to meet Birmingham’s continuing demand for well located, high quality office space.”

Godwin Developments was advised by Aaron Chandler of Birmingham law firm Emms Gilmore Liberson and Marcus Hayes of Bespoke Office Space Solutions (BOSS). Ardstone Capital was advised by Phil Murphy at international law firm Pinsent Masons.

Godwin Developments is an established regional developer which currently has ongoing residential and commercial developments across the UK including retail and private sector schemes.

The company has offices in Birmingham, Nottingham and London.

Ends (441 words)

For further information, please contact:

Shivani Parmar, Marketing Manager,
Godwin Developments 122 Colmore Row, Birmingham, B3 3BD
0121 516 9508

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

Editors’ Notes
Godwin Developments is an established UK-focused regional developer of freehold residential, retail, mixed use, commercial and industrial projects. It has offices in Birmingham, Nottingham and London. The company has a strategy of acquiring and building out an extensive and diversified portfolio, either on its own account or in partnership.



August 24, 2018

Godwin acquires Cambridgeshire site for luxury homes


Category: Property News
Click for larger image
Birmingham-based Godwin Developments has exchanged contracts on a prominent site in Kimbolton, Cambridgeshire, which is earmarked for luxury homes.

The 2.4 acre site is in a picturesque setting in the village which is nine miles west of Huntingdon and 14 miles north of Bedford.

Development manager Matt Chandler said: “Godwin plans to build luxury homes in keeping with the surrounding area.

“We are currently working on detailed proposals and hope to be ready to submit them for planning approval towards the end of the year.”

Matt Chandler added: “Our Kimbolton project further reinforces Godwin’s capability in developing a range of projects from residential to commercial and industrial units.

Kimbolton is perhaps best known historically for Kimbolton Castle where Catherine of Aragon was imprisoned and lived till her death in 1536 after her divorce from Henry VIII. The property is now the main building of Kimbolton School, an independent boarding and day school.

Godwin Developments is an established regional developer which currently has ongoing residential projects across the UK totalling 1,500 units.

It is also heavily involved in commercial development in areas such as Kings Heath in Birmingham, Huntingdon, Nottinghamshire, Northampton and Staffordshire in conjunction with partners including Lidl, McDonalds, Greggs, Costa Coffee, Subway and Burger King.

The company has offices in Birmingham, Nottingham and London.

Ends (215 words)

For further information, please contact:

Shivani Parmar, Marketing Manager,
Godwin Developments 122 Colmore Row, Birmingham, B3 3BD
0121 516 9508

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

Editors’ Notes
Godwin Developments is an established UK-focused regional developer of freehold residential, retail, mixed use, commercial and industrial projects. It has offices in Birmingham, Nottingham and London. The company has a strategy of acquiring and building out an extensive and diversified portfolio, either on its own account or in partnership.



August 9, 2018

Elevate Property Group’s first South East venture


Category: Property News
Click for larger image
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
Click for larger image
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
Click for larger image
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
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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
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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
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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.


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