From office junior to boss!

The newly-appointed chief operating officer (COO) of Bond Wolfe Auctions first started in the business as an office junior in 1992.

Sue Randell has been promoted from operations and marketing director to COO at the fast expanding national auction business.

She began her career within the Bond Wolfe group of companies at the age of 16 and worked her way up the residential and commercial agency team before moving into the auctions department in 1999.

She said: “I have worked with the current team at Bond Wolfe Auctions since 2007, when the auction department merged with Bigwood which was acquired in 2006.

“Together, we have built what is arguably the UK’s most successful auction business. When we launched Bond Wolfe Auctions in January 2019, it was with a record breaking and award winning team with over 300 years of combined property experience.

“I am very honoured that the board of Bond Wolfe Auctions has placed its trust in me, and I look forward to helping the business grow in 2021 and beyond.”

She added that Bond Wolfe Auctions would grow to a minimum of seven auctions in 2021, with the addition of regular commercial auctions to start in the Spring.

Gurpreet Bassi, chief executive of Bond Wolfe Auctions, said: “This was one of the easiest decisions to make and the shortest board discussion in history.

“Sue is part of the DNA of Bond Wolfe Auctions and she understands every single facet of how we work and who we are, and she shares our aspirations.”

Bond Wolfe Auctions’ October sale was the most successful in its history with total sales of over £21.2 million and a 92% success rate. The company sold 185 lots from the 201 offered on Wednesday 28 October, which represented an impressive success rate of 92%. Its previous record was set at its auction in February this year, which achieved total sales of just over £20.25 million.

Bond Wolfe Auctions’ livestreamed auctions have been a remarkable success, with 603,152 website page views, 103,626 video tours watched and over 32,666 people tuning in to watch the 28 October auction live.

With the results of Bond Wolfe Auctions’ December sale on Wednesday 9 December the company finished its second year 36% up, offering 1,135 lots, raising £111.3 million in sales (2019 – £81.4 million) with an average success rate of 94%.

Ends (392 words)

For further information, please contact:

Suzanne Randell, Chief Operating Officer,

Bond Wolfe Auctions,

1st Floor, 75/77 Colmore Row, Birmingham B3 2AP

0121 312 1212

www.bondwolfeauctions.com

Twitter – @BondWolfeAuc

Editors’ notes:

Bond Wolfe Auctions has a record breaking and award-winning team with over 300 years of combined property experience.  They sell all types of residential, commercial and mixed-use property, investments and land/development sites for private individuals and corporate clients. They will hold six auctions in 2019 at Aston Villa FC as well as offering online auctions, selling properties nationally across the UK.

Ultimate in home security for apartment with original 1800s jeweller’s walk-in safe

Well-heeled couples with expensive rings, bracelets, earrings and necklaces will be curiously attracted to an apartment in central Birmingham that’s being marketed by Davidson Estates.

Because the luxury residence in the Sydenham Place development at 26b Tenby Street comes with its very own walk-in jewellers’ safe room.

Ben Davidson, director of Edgbaston-based Davidson Estates, which has a busy branch office in the city centre, said: “There can’t be many luxury apartments that come with such a secure feature as a walk-in jewellers’ safe room.

“But then there aren’t that many conversions of Grade II-listed buildings that happen to be located in the world-famous Jewellery Quarter.”

Apartment 2 at Sydenham Place is for sale at £299,995 and comprises of 767 sq ft of space on the upper ground floor that includes a large entrance cloakroom and hallway with storage, and an open-plan living and dining area with designer kitchen.

There’s also a king-sized master bedroom with dressing room, the largest bathroom in the development with bath and shower, as well as the walk-in feature jewellers’ safe room, with its antique door.

The safe room can be used for pretty much anything and the developers will fit it out however the new owners want it.

Sydenham Place is a gated mix of old and new residences which consists of a pair of three-bedroomed duplex apartments, three two-bedroomed apartments, and a large, executive one-bedroomed apartment.

There are also three town houses, each with three bedrooms, with four offices on the ground and lower-ground floors.

The high-quality units in the Urban Rise Developments project range from £299,995 to £599,995 and are being marketed by joint agents, although Davidson Estates is the first to arrange and complete a sale.

However there have been some reservations over the last few weeks meaning there are only three apartments, three town houses and two commercial units now available.

Mr Davidson added: “Sydenham Place is a stunning development where we’ve already sold the first unit and we’re now busy handling enquiries for this feature apartment and other units from potential buyers.”

Andrew Chan and Israr Iqbal, co-directors of Urban Rise Developments, said: “We are very pleased with the high level of specification and finishes we have provided in all of the apartments.

“However, Apartment 2 is extra special because of the unique nature of the large walk-in safe room. It’s always special when something of such famous historic heritage can be restored to its former glory and still remains in fully working order.”

Construction work on the apartments completed on 20 November with phase two on the town houses starting this month (January 2021) with plans for it to be completed by the summer.

The development is a short walk from the Jewellery Quarter’s vibrant St Paul’s Square, just 15-minutes from Colmore Row and 20-minutes from New Street train station.

To view the development, visit www.davidsonestates.co.uk or contact Davidson Estates by calling 0121 455 7727 or emailing ben.davidson@davidsonestates.co.uk.

Ends (420 words)

For further information, please contact:

 

Ben Davidson, Managing Director, Davidson Estates

Tel: 0121 455 7727 Mobile: 07834 561 537 Email: ben.davidson@davidsonestates.co.uk

Head office: Unit 2 Liberty Place, Sheepcote Street, Birmingham B16 8AE

Or

Andy Skinner at ASAP PR – 01608 651203, Mobile: 07990 978257

Notes to editors

Davidson Estates is an established estate and letting agency based in Edgbaston and Birmingham city centre, specialising in residential property lettings, management, sales and new homes. Founded by Ben Davidson in January 2012, the business has an excellent reputation for its high level of service and is now regarded as one of the city’s best and most reliable property agents.

Investors track Midlands industrial sector as the ‘Mayfair’ of the investment market

The Midlands continues to be the “Mayfair” of the industrial market, according to commercial property agents Siddall Jones.

The West Midlands “Most Active” agents have sold PH Estate in TImmis Road, Stourbridge, on behalf of Palmers Hill Investments to a private investor for an undisclosed sum.

The 23,000 sq ft of space on 1.04 acres consists of nine units ranging from 500 sq ft to 7,500 sq ft and returns an annual rental of £105,000 per annum.

Ed Siddall-Jones, managing director of Siddall Jones, said: “We continue to see the industrial market gain momentum off the back of what has already been an unprecedented year for the sector.

“The industrial market has without doubt been the asset class of choice over recent years with both private and institutional money chasing Grade A and secondary opportunities.

“The Midlands has always been the ‘Mayfair’ of the industrial/distribution market and with the rise in online retaining we expect this trend to continue.”

Siddall Jones was named “Most Active Agent” in the West Midlands in 2020 in the Radius Data Exchange survey produced in conjunction with EG, the commercial property market magazine.

Siddall Jones, which has offices in Birmingham and Dudley, was launched by Ed Siddall-Jones in 2012 and has grown steadily from one office to two and from one member of staff to six.

During the past six months, Siddall Jones has concluded a number of major deals including the sale of a prime residential site with full planning permission for 44 apartments and 32 parking spaces with gated access at 50-60 Northwood Street in Birmingham’s Jewellery Quarter for £1.8 million.

And the million pound plus sale of the Grade II-listed, 18,000 sq ft, former Derwent Works on the corner of Constitution Hill and Henrietta Street, for an undisclosed sum.

Siddall Jones also sold the former Birmingham Car Auctions site on Moseley Road to Joseph Chamberlain College in an off-market deal. The 1.7 acre site was sold on behalf of MJ & K Properties for £1,475,000 and will be used by Joseph Chamberlain College for educational purposes.

Ends (344 words)

For further information, please contact,

Ed Siddall-Jones, Managing Director,

Siddall Jones, The Mint, 95 Icknield Street, Birmingham B18 6 RU.

0121 638 0500

www.siddalljones.com

Prepared and issued by Andy Skinner at ASAP PR – 01608 651203, mobile 07990 978257.

Bond Wolfe Auctions sees 36% increase in sales despite move to online auctions

With a set of results no one could have predicted at the start of the year, Bond Wolfe Auctions has finished 2020 with a flourish.

Despite concerns over Brexit and the coronavirus pandemic, the Birmingham-based auction business finished its second year 36% up, offering 1,135 lots, raising £111.3 million in sales (2019 – £81.4 million) with an average success rate of 94%.

Chief executive Gurpreet Bassi said: “We started 2020 with real optimism following the success of our first year in which we raised over £81.4 million.

“In February, we held the largest-ever Midlands auction, raising over £20.25 million, with 203 lots sold and a 96% sale rate.

“We were also delighted to win the public tender to become the appointed auctioneer for Wolverhampton City Council, to add to contracts for Birmingham City Council, West Midlands Police and Walsall Council.

He said that when the first Covid lockdown was announced in March, his initial thought was that everyone would be at home for two to three weeks, return to work and Bond Wolfe Auctions would hold its May sale as scheduled.

“In the coming weeks it became very clear that we would not be returning to the ‘normal way’ of doing things for the foreseeable future.  I made the decision to cancel the May auction.

“While we could have held live-streamed auctions via our website, it was more important to put the health of my staff before profits.  I also felt it was ethically the best decision with potential purchasers not being able to view properties which would have had a detrimental effect on the prices we achieved.”

Senior management at Bond Wolfe Auctions used the time to prepare carefully for online auctions.

Mr Bassi said: “After lots of planning, hard work, early mornings and very late nights, we held our first ‘live streamed only’ auction on 24 June.”

There were lots of nerves in the build-up, but the team adapted incredibly well, selling 125 of the 128 properties on offer, representing a success rate of 98%, and raising over £17 million in sales.

Mr Bassi said: “Our 2020 results mean that we are still the leading auctioneer in the Midlands and the number 1 auctioneer outside of London. In fact, we haven’t held an auction with a sales success rate below 90% for 18 months!”

It has also been a multiple award winning year for Mr Bassi and Bond Wolfe Auctions, being named Newcomer of the Year at TheBusinessDesk.com Masters Awards with Gurpreet being named Entrepreneur of the Year in both the Signature Awards and the Asian Business Chamber of Commerce Awards.

Bond Wolfe Auctions’ next online auction will be livestreamed via the website at www.bondwolfeauctions.com from 9am on Wednesday 17 February 2021, with remote bidding by proxy, telephone and internet only.

The deadline for entries is Friday 22 January and anyone with properties for sale should contact enquiries@bondwolfeauctions.com or call 0121 312 1212.

Ends (485 words)

* Each property is subject to a reserve price which may be different from the guide price.

For further information, please contact:

Suzanne Randell, Head of Marketing and Communications,

Bond Wolfe Auctions,

1st Floor, 75/77 Colmore Row, Birmingham B3 2AP

0121 312 1212

www.bondwolfeauctions.com

Twitter – @BondWolfeAuc

Editors’ notes:

Bond Wolfe Auctions has a record breaking and award-winning team with over 300 years of combined property experience.  They sell all types of residential, commercial and mixed-use property, investments and land/development sites for private individuals and corporate clients. They will hold a minimum of seven auctions in 2021, offering online auctions selling properties nationally across the UK.

Principle Estate Management welcomes government’s £30 million fire alarm fund

The government’s latest support for owners and leaseholders of high rise apartment buildings has been welcomed by experts at Birmingham-based Principle Estate Management.

The Ministry of Housing, Communities & Local Government is to provide a £30 million fund to encourage and incentivise the installation of fire alarms in high rise buildings that are awaiting remedial work on external cladding which has come under the spotlight following the Grenfell Tower tragedy.

Joe Jobson, a director of Principle Estate Management, said: “This is another step along the road to finding a long term solution to the issues that have been highlighted in a number of high rise apartment blocks.”

His comments follow an additional announcement that the government has extended the deadlines for applications and start of work under the £1 billion Building Safety Fund that was announced in the Budget in March 2020.

The deadline for applications by those buildings already registered with the fund has been extended by six months to June 30 2021, from 31 December 2020, and to qualify for funding all projects must now start by 30 September 2021, extended from 31 March 2021.

Mr Jobson said: “We warned back in November that the deadlines to access this fund were far too tight for flat owners to benefit because of the complexity involved.”

A national shortage of qualified surveyors has made it impossible for surveys to be done quickly, leaving thousands of flat owners in limbo, unable to sell or remortgage their properties.

Mr Jobson added: “We are pleased that Housing Minister Robert Jenrick has listened to sensible calls from the industry and made these important changes where required.

“We also welcome the £30 million fund for fire alarms as this will help in a number of apartment blocks where occupiers have had to pay for highly expensive Walking Watch services.”

Principle Estate Management is the UK’s fastest growing estate management company. Launched just three years ago by Brett Williams, a past chairman of the Association of Residential Managing Agents, it now has 30 staff looking after a portfolio approaching 6,500 units in around 250 developments across the UK.

Ends (352 words)

For further information please contact:

Joe Jobson, Director,

Principle Estate Management LLP, 137 Newhall Street, Birmingham B3 1SF

Tel: 07954 078711 / 0121 289 4315

Email: jjobson@PrincipleEstate.co.uk

www.PrincipleEstate.co.uk

https://twitter.com/PrincipleEM

https://www.linkedin.com/company/principle-estate-management/

https://www.facebook.com/PrincipleEstateManagement/

Editors’ notes:

Principle is a customer-focused managing agent providing a transparent property management service to the highest standards nationwide, focusing particularly on the management of apartment buildings. Principle Estate Management, based in Birmingham, launched in Spring 2018 and is led by experienced chartered surveyors. The business was born out of a passion for “doing it right” through a director-led, friendly approach combined with robust systems that maximize efficiency. Principle provides a service that sets the aspirational standard for other agents. The company manages modern apartment buildings, traditional blocks of flats, mixed use developments, private housing estates and private rented sector (PRS) or build-to-rent (BTR) developments, as well as portfolios of rented properties for residential or commercial landlords.

It’s dividend business as usual at REI

Birmingham-based Real Estate Investors plc has reaffirmed that the AIM-listed real estate investment trust will continue to pay dividends, announcing that in accordance with its progressive dividend policy it will pay a third quarter dividend of 0.5p.

The confirmation comes in a year where virtually all quoted real estate stocks suspended dividend payments as coronavirus and lockdown took their toll.

Some are trickling back now with St Modwen, Custodian REIT and Residential Secure Income announcing in the past two weeks they would be returning to dividend payments.

But REI set out its stall from the onset and announced it would continue to pay out.

Chief executive Paul Bassi said: “REI has taken a cautious approach to dividend payments in the short term because of the second lockdown, however,  we remain committed to a progressive dividend policy. The diversity of our stable and secure portfolio, managed on a regional basis by an experienced team, remains the foundation of REI.

“This has allowed us to continue to pay dividends, while others have withdrawn their payments. We have now delivered £31.9 million in dividend payments to our shareholders since the commencement of our dividend policy, against a series of unprecedented events and the present global pandemic.”

Throughout the autumn, REI has continued a share buyback programme, committing to purchase the company’s ordinary shares of 100 each with an aggregate market value of up to £2 million.

Mr Bassi added: “We continue to operate without any exposure to prime fashion retail and department stores.

“Occupancy at our convenience, town centre and neighbourhood retail has been excellent during the first six months of 2020 and our office exposure, which is predominantly outside City centres and generally multi-let – between 1,000-5,000 sq ft – has seen renewed interest as occupiers look for locations closer to home with minimal travel and exposure to public transport for their employees.

“We also believe that recent government planning legislation will almost certainly provide opportunities to make capital gains from change of use to residential.”

He concluded: “We remain confident in our ability to operate a profitable regional property company, committed to a dividend policy, based in the heart of the Midlands, where we expect activity to prosper over the coming months and welcome the further economic benefits of Coventry City of Culture year in 2021 and the Commonwealth Games in 2022.”

Ends (540 words)

For further information, please contact:

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

0121 265 6406 or 0121 212 3446

www.reiplc.com

Prepared and issued by ASAP, 01608 651203, 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 1.59 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.

John Truslove aids Patterson expansion plans

A cleaning and catering supplies firm sees major growth potential in the West Midlands as it expands its operation in the region thanks to help from commercial property agency John Truslove.

Ben Truslove, joint managing director at John Truslove, spent the best part of two years searching for premises that would suit the future needs of Pattersons Cleaning & Catering Supplies before sealing a deal for ten year lease on the 15,625 sq ft unit at 24 Walkers Road, on the North Moons Moat industrial estate in Redditch.

The Bristol-based family business, which started out as an ironmonger in 1889, is targeting the West Midlands for growth.

Chris Patterson, fourth generation owner of the family firm, said: “This move is a statement of our confidence in the future of this region. Cleaning products are the primary products sold and distributed from our Redditch branch and we see enormous scope for growth serving the local authorities, universities, schools and care homes in the region, as well as the leisure and hospitality market.

“Our new premises provide probably three times the space of our previous branch – it has twice as much floorspace but also greater height in terms of more storage. Once the country has been able to move past the Covid-19 crisis, we are confident we will be able to create more jobs in addition to our 12-strong team currently working at Redditch, led by general manager Lee Woodward, as our business grows.

“We have three branches in addition to our Bristol headquarters, setting up our operation in Redditch about six years ago. Our previous lease was coming to an end and it was clear we would need more room for expansion going forward.

“We had very specific needs and Ben at the John Truslove agency has worked very closely with us over the last 18 months to two years trying to find the right premises.

“We must have looked at up to five different premises in that time. Ben took on board everything we asked for until he found us the unit on Walkers Road. We are very pleased with the result.”

Ben Truslove said: “It is vitally important in any deal to ensure that both the landlord and the tenant are satisfied. These are long-term agreements that will see both sides working closely together into the future. Pattersons had very clear requirements but gave our team at John Truslove the time needed to find the premises that would exactly suit their needs.

“It was a pleasure to seal a successful tenancy agreement and we look forward to seeing Pattersons’ continuing growth in the region. The company’s decision to retain its regional base in Redditch underlines the strength of the local offer in terms of the range and quality of business premises that are available.”

Ashfords Solicitors represented Pattersons in the tenancy negotiations.

Redditch-based chartered surveyors and valuers John Truslove was recently named Most Active Agent in Worcestershire in the Radius Data Exchange survey produced in conjunction with EG, the commercial property market magazine.

Joint managing director Ian Parker was also named Worcestershire Dealmaker of the Year AND Warwickshire Dealmaker of the Year for 2020. The survey year, which runs from August to August, saw John Truslove record a 36% increase in deals negotiated over the 12 months.

Ends (548 words)

For more information, contact:

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

01527 584242

Issued by Andy Skinner of ASAP PR, 01608 651203, mobile 07990 978257.

Principle wins contract from one of Birmingham’s top property agents

Nicola Fleet-Milne, one of Birmingham’s top property agents, has appointed Principle Estate Management to look after a luxury apartment block in Birmingham city centre.

Queensway House, which is at 57 Livery Street on the edge of the Jewellery Quarter and just 50 yards away from Snow Hill Station, contains six high-end luxury apartments.

Ms Fleet-Milne is chief executive of the well-known and widely respected FleetMilne estate and letting agency, which owns three of the apartments at Queensway House.

When the property’s freehold became available to purchase, the leaseholders wanted to purchase it and Principle advised them on who to use for a specialist valuation.

The purchase has now gone ahead and the new freeholders, trading as Queensway House Residents Management Company Ltd, immediately contracted Principle to look after the property.

Ms Fleet-Milne, a director of Queensway House Residents Management Company, said: “We had received input from Principle prior to our acquisition of the freehold which was appreciated.

“As a new board of directors, we decided to formally tender the management of Queensway House inviting several companies to put their management proposals to us, and Principle won the contract.

“We overlap with Principle on a number of city centre developments where they manage the buildings and we sell apartments for the original developer or subsequent owners, also letting and managing apartments in those buildings.

“There is mutual respect between our businesses and we have a good working relationship, always focussing on what is right for our mutual customers.”

Queensway House was an office-to-residential development by Elevate Property Group around four years ago which turned each floor of a redundant office building into a triple aspect apartment with views of the city centre and Jewellery quarter.

The apartments are generously sized from 1,535 sq ft plus terraces to a 2,236 sq ft duplex, and all are fitted with bespoke German kitchens complete with Siemens appliances, Kahrs engineering floors, Duravit sanitary fittings and Hansgrohe brassware.

Brett Williams, managing director of Principle, said: “We were pleased that our initial input regarding the acquisition of the freehold proved useful to the leaseholders and to learn that it was nearing completion.

“As usual, we inspected the property and provided a copy of our site inspection report produced on our tailored app which links directly to Qube, our property management software. We also included our comments for areas of improvement to the building.

“We were delighted to hear that the purchase of the freehold has been completed and that we have been selected by the board to take on the management of the development with immediate effect.

“We always enjoy adding developments in the Jewellery Quarter to our portfolio of buildings that we manage.

“It is where Principle was born and remains based having moved to larger offices recently, and it’s great to be working with our local community which is such an important part of the Jewellery Quarter culture.”

Mr Williams, a past-chairman of the Association of Residential Managing Agents who has nearly 30 years of experience in the sector, launched Principle in 2018.

The firm has since grown from what was virtually a one-man band into what is now 28 staff looking after a portfolio approaching 6,500 units in around 250 developments across the UK.

Ends (538 words)

For further information please contact:

 Brett Williams,

Principle Estate Management LLP, 137 Newhall Street, Birmingham B3 1SF

Tel: 07954 078711 / 0121 289 4315

Email: BWilliams@PrincipleEstate.co.uk

www.PrincipleEstate.co.uk

https://twitter.com/PrincipleEM

https://www.linkedin.com/company/principle-estate-management/

https://www.facebook.com/PrincipleEstateManagement/

Editors’ notes:

Principle is a customer-focused managing agent providing a transparent property management service to the highest standards nationwide, focusing particularly on the management of apartment buildings. Principle Estate Management, based in Birmingham, launched in Spring 2018 and is led by experienced chartered surveyors. The business was born out of a passion for “doing it right” through a director-led, friendly approach combined with robust systems that maximize efficiency. Principle provides a service that sets the aspirational standard for other agents. The company manages modern apartment buildings, traditional blocks of flats, mixed use developments, private housing estates and private rented sector (PRS) or build-to-rent (BTR) developments, as well as portfolios of rented properties for residential or commercial landlords.

BOSS records best ever year – with 2021 already looking even better

A West Midlands based property investment business has enjoyed its best ever year in 2020 for deals – and already has even more transactions in the pipeline for 2021.

BOSS and related companies, headed by managing director Marcus Hayes, completed 14 deals, including 12 purchases and two sales, during 2020, totalling in excess of £11 million of transactions.

BOSS has also advised on the purchase of over £15 million of assets in the last 18 months, including the purchase of a serviced office portfolio and the subsequent sale of the most prestigious asset in that portfolio.

Marcus Hayes said: “As COVID started to rear its ugly head early this year, we had the choice of two routes. Sitting on our existing assets or diving into a static market and buying assets offering good yields, at a time when interest rates are at historically low levels.

“We set out to acquire assets with attractive yields, whether in the industrial or retail sector, and have subsequently enjoyed our best ever year.”

The £11 million of purchases ranges geographically from a property with Ford Retail Group Ltd as the tenant in Manchester to a Tool Station depot in Windsor Trade Park. Bluechip names involved include Tesco plc, Co-op and Greggs.

In addition, BOSS has advised on a wide range of purchases for owner occupiers and a number of investment transactions and sales on behalf of the Aston and Fincher Pension Fund.

Mr Hayes added: “We have a pipeline of work in progress going into 2021 exceeding £20 million worth of transactions.

“We have also invested in a care home business consolidator company that will have its own announcements to make in 2021.

“And finally, I have set up a property company with Joel Makin, the world No. 9 squash player, reflecting my own passion for the sport, and we will also be unveiling our plans in 2021.”

Ends (313 words)

For further information, please contact:

Marcus Hayes, Bespoke Office Space Solutions marcus@boss-uk.com

07714873074

Produced and issued by Andy Skinner, ASAP PR, 01608 651203, mobile 07990 978257

Editors’ Notes

Bespoke Office Space Solutions (BOSS) is a commercial property consultancy business focused on advising occupiers and investors within the commercial property market.

Jobs boost for Derby as Elevate reaffirms commitment to Castleward Boulevard development

One of the Midlands’ leading property developers has reaffirmed its commitment to a major Derby project set to bring 258 new apartments to the city.

Elevate Property Group has been working on the final details to achieve planning permission for its £37 million scheme which will be built in two phases, across a 1.55 acre site which sits between Liversage Street and John Street.

Both phases will offer a mixture of studio, one, two and three bedroom apartments.

The application for the overall scheme, which is expected to be decided by planners later this month, will also include a six-figure education contribution.

Steve Dodd, managing director of Elevate Property Group, said the proposals were designed to reinforce Derby City Council’s masterplan, supporting the council’s vision for the area.

“The site is strategically located on Castleward Boulevard and the new homes will be ideally located between the city centre and the railway station, contributing a valuable new source of quality housing in central Derby.”

He added that talks were currently underway with a large Midlands-based contractor to carry out the works, which would support and create a large number of jobs during the lifetime of the project.

“Elevate Property Group has been working on proposals to develop the two adjoining plots of land since 2018. Liversage Street is an historic manufacturing and residential area, and the former site of a sawmill, which has seen successive changes over the past 200 years.

“We see this as a giant leap forward for Derby and we anticipate that the scheme will appeal as much to first time buyers as to downsizers and investors, indeed anyone looking for attractive accommodation in an ideal location for those working in the city centre or commuting via rail,” he said.

The scheme has been designed by BDP Architects, with input from BACE Construction Consultants and planning advisers Ridge & Partners.

Liversage Street will be Elevate Property Group’s second major development in the East Midlands.

The group is currently developing Trent Bridge Quays in Nottingham, building 95 townhouses and apartments on the banks of the River Trent, which will be followed by a second phase of development for a further 58 similar dwellings in Meadow Lane.

Elevate Property Group is building a national reputation for the quality of its residential-led schemes. Current high-profile developments throughout the country include Victoria Point (Ashford), Alban House (Hereford), Trent Bridge Quays (Nottingham), Princes Gate (Solihull), Assay Lofts (Birmingham), Sheldon Court (Sheldon, Birmingham) and Cliveland Street (Birmingham).

For further details of Elevate Property Group’s exciting new development in Liversage Street, contact sales@elevatepropertygroup.co.uk or call David Hofton on 0121 272 5729.

Ends (450 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 wellbeing.

Prepared and issued by Andy Skinner of ASAP PR – 01608 651203 or 07990 978257.