Iceworks launch is hot off the press

A major new development of 54 apartments in Worcester has been launched online while the selling agents await official guidance on social distancing for property viewings.

The launch was timed to coincide with developer Kelvin Sparrey’s birthday on 30 April. The apartments were previewed in a webinar to an audience of landlords as an exclusive offering on 29 April.

The Iceworks, the redevelopment of a former 1800s water mill in Worcester, is already attracting strong interest, according to agents Nicol & Co who are selling the apartments.

Work, in line with government guidance, has restarted on phase one of the Iceworks which consists of the two new apartment blocks which are currently under construction and are scheduled to complete later this year.

They will feature nine apartments with two bedrooms and one bathroom over three floors in the first new building, with 12 similar apartments over four floors in the other.

Phase two will then see the former flour mill on the Bromyard Road in St Johns, Worcester, converted into 33 apartments, all with two bedrooms and two bathrooms.

With lifts to all floors, the development will appeal to all ages, including downsizers and the lock up and leave generation who spend part of the year abroad, as well as young professionals and couples looking for a home near to the city.

Prices will range from £152,250 to £185,000, with Help to Buy available, and Matt Nicol, managing director of agents Nicol & Co, said one apartment was already reserved by someone who viewed the site and the plans before lockdown.

“We have built up a large register of interested buyers who want to view the property when the opportunity is there.

“We have plans to live stream viewings for client safety in the first instance, and when permitted will be organising viewings with social distancing.”

As well as providing much needed two-bedroomed accommodation in Worcester, the Iceworks is a development with a number of environmentally friendly features such as ground source heat pumps which will provide heating to all apartments.

The historic property has stood derelict on the edge of Worcester for many years, but the six-storey building, a former flourmill, became an Ice Manufactory in the 1900s. The development is the latest project from Worcester-based builder Kelvin Sparrey who has been involved in the renovation of a number of important buildings in the city in recent years.

For more details, see, or call 01905 930404.

Ends (408 words)

For further information, please call:

Matt Nicol, Managing Director, Nicol & Co, 226 Worcester Road, Droitwich Spa, WR9 8AY

Tel: 01905 799072

Notes to Editors

Established in 2009, Nicol & Co is an award-winning estate agency offering advice on sales, lettings, new homes and land purchase. The company combines the latest in digital media with traditional high street courtesy and service to provide the perfect blend of old and new technology.

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

John Truslove clinches sale of Royal Enfield Industrial Estate for £2.75 million

Property agents John Truslove have clinched another lockdown deal with the sale of Royal Enfield Industrial Estate to Redditch Borough Council for £2.75 million.

Ian Parker, joint managing director of John Truslove, praised the council for taking the long term view and acquiring a valuable property and employment asset for the town.

The freehold investment totals 25,546 sq ft and includes 11 industrial or warehouse units and one detached office.

The estate is fully let, with tenants including Screwfix and lithium ion battery suppliers Fogstar, producing a total annual rental of £200,162.50, for a yield of 7.23%.

Ian Parker said: “Royal Enfield Industrial Estate was a speculative development by local company EDR Developments Ltd who began construction in 2017 with completion in 2018, so it is a very new asset to the Redditch.”

John Truslove acted for EDR Developments, having originally marketed and fully let the estate to a mixture of bluechip tenants and local businesses.

“This is an ideal mix for a local authority investment and displays great confidence in the local economy, despite the current uncertainty.”

Redditch Borough Council were advised by Matt Jenns of agents Savills and Andrew Jones of law firm Wright Hassall acted for EDR Developments Ltd. The council’s in-house legal team acted for the purchasers.

Redditch Borough Council’s Leader Cllr Matt Dormer said: “We are committed to unlocking Redditch’s potential and this purchase demonstrates that we are confident in the future economy of our borough especially with the prospect of Amazon coming here in the near future.

“Local Government has to work differently against a backdrop of reduced funding and in response this council pledged to make sound investments to support regeneration in the borough. This will support businesses and ensure that the council can realise funding so we can continue to provide top notch, frontline services which benefit everyone.

“Thanks to the hard work of our officers, this purchase, has come to fruition and is just the start of this council’s portfolio of success to continue to support regeneration in our area.”

The estate is built on the original site of the legendary Royal Enfield factory which originally produced parts for the Enfield rifle and then, from 1909 manufactured the iconic motorcycles, as well as bicycles, lawnmowers and stationary engines.

During World War 1, Royal Enfield supplied the War Department with consignments of motorbikes fitted with sidecars capable of carrying stretchers. Other versions featured a Vickers machine gun sidecar attachment which could also be turned skywards and used against low flying aircraft.

Royal Enfield was loved, and continues to be loved, by enthusiasts, famed for the Royal Enfield Bullet, the longest-lived motorcycle design in history.

But, as with much of the British motorcycle industry, Japanese competition sent the company to the wall. Production of motorcycles ceased in 1970 and the original Redditch, Worcestershire-based company was dissolved in 1971.

However, the bikes were also being made in India and this remains the case today. Enfield of India continues producing the “Bullet”, and began branding its motorcycles “Royal Enfield” in 1999. It now supplies models across the world.

Ends (513 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.

West Bromwich office space still proving popular with investors

Bond Wolfe has concluded another deal despite the national COVID-19 lockdown, with the sale of a West Bromwich office building to an Oldbury-based freight services business.

City Logistics Ltd has paid an undisclosed six figure sum for 6 St Michaels Court, a modern purpose-built office building.

It is situated within easy walking distance to the Tesco New Square development and all local amenities, including the Metro services to Birmingham and Wolverhampton City Centre.

James Mattin, chief executive of Black Country specialists Bond Wolfe, said: “We are delighted to have concluded another deal during lockdown.

“Historically, St Michaels Court has proved popular with owner occupier and investors alike as the parade provides affordable modern accommodation.

“The spate of office to residential conversions in the town centre has left a shortage of office space, so occupiers, even in this climate, are having to move fast to secure centrally located accommodation. 

He said that City Logistics Ltd plans to use 6 St Michaels Court either as local office for its operations, or will let it via Bond Wolfe if there is demand from a suitable tenant.

James Mattin added: “Despite the national restrictions, we are still seeing plenty of active investors looking to acquire properties across all sectors, and alert to all opportunities.”

Law firm HCB Group acted for the seller, a private investor, and Ashley James Solicitors advised City Logistics Ltd.

Ends (229 words)

For further information, please contact:

James Mattin, Chief Executive,

Bond Wolfe, West Plaza, 8th Floor, High Street, West Bromwich B70 6JJ

0121 525 0600 or 0121 524 1172,

Issued by Andy Skinner, ASAP PR, 01789 490786, mobile 07990 978257.

Editors’ notes

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

Siddall Jones completes Black Country deal for London wholesaler in just one week

Property agents Siddall Jones have notched up another April lockdown deal – and this one was completed in just one week.

Tech and Trade, an importing and exporting wholesaler of electrical goods and foodstuffs, has taken Albion Works, a 28,000 sq ft industrial unit in Moor Street, Brierley Hill, on a rental of £94,000 per annum.

The London-based business is now importing hand sanitizer for the UK market and needed centrally-located premises urgently.

Ed Siddall-Jones said: “We acquired the estate for landlord Wilson Property last year, and we have since worked with the landlord to improve the layout and appearance of the estate.

“This deal represents a large letting for the Black Country and provides confidence and comfort that companies are still willing to commit to large premises in these unprecedented times.

“With the lack of industrial supply in Birmingham and the Black Country, we expect this trend to continue despite the economic outlook, and we are still active seeking industrial property for retained clients.”

Siddall Jones is one of the region’s leading commercial property agents with offices in Birmingham and Dudley.

Ends (181 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

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

Experienced property expert to head lettings at Nicol & Co

An expanding Midlands estate agent has appointed an experienced property expert as its new lettings manager.

Sarah Jenkins has joined Nicol & Co, which has branches in Droitwich Spa and Worcester, following a short period of assisting the company in a consultancy role.

Ms Jenkins has worked in the property sector since 1999, and has previously headed lettings at two other award-winning, independent estate agents in the Midlands. 

Her vast experience and expertise has already helped Nicol & Co’s client landlords and tenants to benefit from the government’s rent guarantee insurance during the current COVID-19 pandemic.

Ms Jenkins, who was born and bred in Solihull, said: “I’m thrilled to have been appointed lettings manager at Nicol & Co.

“What attracts me is the fact this is an independent company striving to be the best that it can be, never accepting a ‘can’t do’ attitude and really investing in their staff to ensure customers receive the best experience.

“I have always been extremely passionate about lettings and ensuring that my clients receive the very best advice and service at all times.

“It is fantastic to work with a company who share that ethos and the potential of the lettings department is huge, a very exciting opportunity both for me and the new team.

“I feel it’s also an exciting time for landlords and investors, with a great many opportunities available to them. My goal is to ensure that Nicol & Co become the ‘go to’ agent for lettings in the Worcester and Droitwich areas.”

Ms Jenkins’ new position as letting manager comes as part of a restructure at Nicol & Co that has seen former team leader Samantha Green become assistant manager in charge of property management, with both supported by lettings specialist Yuri Kohno.

Matt Nicol, managing director of Nicol & Co, said: “We’re delighted to welcome Sarah to the company and are confident she will hugely bolster our lettings team.

“She has been formidable during the short time she’s been with us as a consultant, working tirelessly to ensure our clients benefited from the very best advice during the current lockdown. 

“Sarah has huge experience in the private rented sector and company lettings, and brings an extensive knowledge of the industry and the regulations that go with it.

“I’m so excited about where this will take the business going forward and what it means to our landlords and future landlords, who couldn’t be in better hands.”

Ends (407 words)

For further information, please call:

Matt Nicol, Managing Director, Nicol & Co, 226 Worcester Road, Droitwich Spa, WR9 8AY

Tel: 01905 799072

Notes to Editors

Established in 2009, Nicol & Co is an award-winning estate agency offering advice on sales, lettings, new homes and land purchase. The company combines the latest in digital media with traditional high street courtesy and service to provide the perfect blend of old and new technology.

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

Properties north and south in new contract won by Principle

A new contract from a large corporate freeholder will see Principle Estate Management looking after a portfolio of properties stretching from Yorkshire to Hampshire.

Freehold Managers plc has appointed Principle to manage over 200 units on six sites in Leeds, Fareham, Mitcham and Southampton. Freehold Managers collects the ground rent and asset manages over 65,000 units across the country.

The properties cover a range of different types, from apartments in a desirable Grade II-listed converted country house in Leeds, to flats in a mixed-use building that needed major works in Mitcham, in the London Borough of Merton.

The two properties in Southampton range from a small set of apartments to a six-storey development of more than 100 units, with another property of apartments in nearby Fareham. 

Brett Williams, managing director of Principle, has previously acted for Freehold Managers in a former role since the mid-2000s.

He said: “It is gratifying to have yet another national freeholder appoint us to look after part of their portfolio.

Some of these properties need some extra advice and we are able to provide that as our directors are Chartered Surveyors and experienced property professionals and are actively involved in the management of our properties.

“We have a good panel of independent contractors across the country who are able to service reactive and planned maintenance requirements.

“We know that residents like to see this independence from a transparency point of view, and I know our team will do a good job for client and customer alike.”

Georgia O’Connor, associate director at Freehold Managers, said: “Like many other of the larger freeholders we continue to monitor the services provided by our managing agents to ensure our appointments complement the needs of our properties and the residents alike.  Balancing the formalities with good customer engagement is key and we are confident Principle can meet the demand.”

Principle Estate Management was launched in 2018 by Brett Williams, the former head of residential property management at CPBigwood in Birmingham, and a past-chairman of ARMA.

It has become the UK’s fastest growing residential estate management, with over 5,000 units across 200 developments around the UK just two years after its launch.

The company is based at Cornwall House in Lionel Street, Birmingham, and offers a national property management service.

Ends (421 words)

For further information please contact:

Brett Williams, Principle Estate Management LLP, Cornwall House, Lionel Street, Birmingham B3 1AP

Tel: 07954 078711 / 0121 289 4315


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.

Waterfront office building goes on the market with Bond Wolfe for £400,000

A landmark office building on the Waterfront business estate in Brierley Hill has gone on the market with an asking price in excess of £400,000.

West Bromwich-based Bond Wolfe is handling the sale of the fully-let Barberry House, which is currently producing £42,000 a year in rental income and offers a rare opportunity for investors in an area on the verge of major regeneration.

It is also close to Merry Hill, one of the region’s leading shopping centres with more than 200 stores, dining and leisure outlets.

Barberry House, at 4 Harbour Buildings on the Waterfront West Business Park, comprises 4,126 sq ft of modern office accommodation over two floors.

The building includes 15 on-site car parking spaces. It is currently occupied by Astec Europe on the ground floor and First Cedar Underwriting on the first floor. Both are on five year tenancy agreements.

The property is arranged as two self-contained office suites, each with suspended ceilings, raised floors and male and female WCs.

The price tag of £400,00 plus VAT represents a net initial yield of 10.04%, allowing for purchaser’s costs of 4.18%.

James Mattin, chief executive of Bond Wolfe, said: “This is a rare opportunity for investors to acquire a highly successful and attractive office building at such an attractive price.

“The building overlooks an attractive canal marina and is an attractive place to work benefitting from a number of local bars, restaurants and gyms, as well as the nearby Copthorne Hotel.

“This is already a popular area for companies to base themselves and it is due to benefit from fresh regeneration with work already under way on the extension of the Midland Metro tram system from Wednesbury to Brierley Hill, which is due for completion by the end of 2023.

“With the Government having given the go-ahead of the HS2 high speed rail link between London and Birmingham, surrounding areas such as Brierley Hill are set to become premium office destinations as the West Midlands undergoes a property boom in the coming years.

“The development of HS2, bringing Birmingham within 50 minutes travel time of London, will bring ever higher city centre office rental prices, in turn driving up rents at developments in the surrounding area.

“The acquisition of Barberry House literally offers canny investors the chance to get in on the ground floor of a regional commercial property market set for substantial long-term growth over the next couple of decades.”

Ends (406 words)

For further information, please contact:

James Mattin, Chief Executive,

Bond Wolfe, West Plaza, 8th Floor, High Street, West Bromwich B70 6JJ

0121 525 0600 or 0121 524 1172,

Issued by Andy Skinner, ASAP PR, 01789 490786, mobile 07990 978257.

Editors’ notes

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

REI dividend confirmed as diversified portfolio provides business resilience

Real Estate Investors plc has reported strong quarterly and monthly rent collection, despite the unprecedented and fast changing circumstances surrounding COVID-19, and has confirmed it is proceeding as planned with its dividend payment on 30 April 2020.

Chief executive Paul Bassi said he anticipated tough times ahead, but REI’s conservative gearing, diversified portfolio, controlled overheads and excellent banking relationships had already positioned the business to weather the storm.

“As a responsible and experienced landlord we have supported our tenants and this has resulted in strong rent collection with a high percentage of rents due at the March quarter and monthly rents due at the start of April having been paid.

“Where necessary, we are working with our tenants on a case-by-case basis to find payment solutions, including rental payments absorbed from any rental deposits held, or switching rent to be payable monthly rather than quarterly in advance, with the option to top up deposits at a future date.”

He said that generally occupiers had reacted to the present crisis in a responsible and cooperative manner.

“A small proportion, including a few well capitalised occupiers, have asked for a rent-free period, despite having strong balance sheets and being eligible for substantial government funding, to include a 12 month business rates waiver, VAT deferral and salary support.

“REI will not absorb these requests. We will be responding to provide some flexibility in their rental payments, but we will not be looking to accommodate a full waiver of rents or a rent-free period.”

REI will pay its impending dividend but is reserving its rights on future dividend payments as it continues to monitor economic conditions.

Mr Bassi said: “We accept that there will be a significant economic impact as a result of COVID-19, on a national and global basis, however we remain confident that the significant momentum behind the rebirth of the Midlands region, to include the confirmation of HS2, the Commonwealth Games in 2022, Coventry City of Culture in 2021 and significant business and population relocations to the region, will result in a positive economic bounce within our investment geography.”

He added that REI’s strategy to maintain a portfolio that is diversified meant that the company had no material reliance on any one sector, asset or occupier.

“During the COVID-19 crisis, our occupancy and rent collection has been resilient and its foundation is the diversity of our portfolio, operating in a vibrant economic region.

“Our occupiers are committed to returning to their premises, where they have a significant capital investment and continue to build their businesses.

“Our in-depth understanding of the region in which we operate, and our close proximity to the assets, plus our unique network allows us to stay in touch with our occupiers and continue to run our business prudently,” he said.

Ends (463 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

Prepared and issued by 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 1.59 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.

Heaton House Lofts harks back to Birmingham’s 19th century heritage

Elevate Property Group has unveiled its plans to bring a derelict site in Birmingham’s Jewellery Quarter back to life in its latest project in the city.

It has submitted plans for 14 townhouses, 42 apartments and 3,500 sq ft of commercial space in a development to be called Heaton House Lofts in Camden Street. (

The residential accommodation will include three and four bedroom townhouses and one and two bedroom apartments and lofts, but what sets this project apart is the recreation of a part of Birmingham’s history.

The development will also include the restoration of a large 3,362 sq ft four bedroomed Georgian villa, with paved garden terrace and its own private garage, in recognition of the site’s historical roots.

The original Heaton House was a 19th century villa in Camden Street, which at the time was part of the middle class suburban developments that grew up on the fringes of the city centre in Birmingham.

The development was subsequently swallowed up in the expansion of Birmingham’s Jewellery Quarter and by the end of the century Heaton House had been converted to form part of a large industrial works.

In a paper providing an architectural and archaeological assessment written by historic buildings consultant Richard Morriss, it states: “The complex of buildings centred on Heaton House is a good example of the industrialisation of the middle class suburban fringes of Birmingham in the later 19th century – a process particularly common in the area to the north of the town centre in what is now called the Jewellery Quarter.

“The original house would have been a rather fine example of gentleman’s suburban residence of the early 19th century, set within its own miniature landscaped park.”

Heaton House was the home of a leading Birmingham merchant, William Cotterill. It was said to be the second oldest residential property in Birmingham.

The building and its outbuildings were subsequently altered to fit their new roles in industry and in recent years have become disused and derelict.

Now Elevate Property Group, which has a reputation for the sympathetic regeneration of historic buildings, has undertaken to bring the site back into residential use.

Following long and detailed discussions between Elevate’s professional advisers and Birmingham city planners, a way forward has been found and the proposals for Heaton House Lofts will be submitted for planning approval this Spring.

The company is applying for B1 and D2 usage for the 3,500 sq ft of commercial space on Powell Street, meaning the property can be utilised for offices or a possible leisure/gym complex.

Elevate’s sales and marketing director David Hofton said: “Heaton House Lofts will quickly come to be recognised as one of the premier new addresses in Birmingham”.

“Camden Street is located just a mile from the city centre, giving quick access to the central business district and Birmingham’s vibrant retail, leisure and restaurant offer.”

Founded in 2011, Elevate Property Group has been responsible for some of Birmingham’s most interesting, and sometimes controversial, residential developments, always breaking new ground in terms of specification and record prices for the city.

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), Liversage Street (Derby), Princes Gate (Solihull), Assay Lofts (Birmingham), Sheldon Court (Sheldon, Birmingham) and Cliveland Street (Birmingham).

The company currently has in excess of a million square feet of development either under construction or in the planning and legal process.

It has recently secured new lines of funding and is actively seeking new development opportunities throughout the UK.

For further details of Elevate Property Group’s exciting new development at Heaton House Lofts, contact or call David Hofton on 0121 272 5729.

Ends (625 words)

For further information, please contact:

David Hofton, Sales & Marketing Director,

Elevate Property Group, St Pauls House, St Pauls Square, Birmingham B3 1RB

0121 272 5729

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 – 01789 490786 or 07990 978257.

Siddall Jones sells prime Birmingham residential site for £2.8 million

A prime residential site in Birmingham has been sold by property agents Siddall Jones for £2.8 million.

The former car parking site at 50-60 Northwood Street in the Jewellery Quarter has full planning permission for 44 apartments and 32 parking spaces with gated access.

Ryan Lynch, associate director at Siddall Jones, said: “We were delighted to be instructed to dispose of this site which had lain dormant for several years, and look we forward to the seeing the scheme, which is scheduled for completion in late 2021, make a fantastic addition to the street.

“The site generated significant interest from both local and national developers, demonstrating that the Jewellery Quarter is still an attractive location for developers, not least because of its young professional workforce and variety of independent retailers and restaurants.”

The 0.46 acre site was sold by Raybone Developments Ltd to an unnamed West Midlands developer.

The deal follows on from Siddall Jones’ recently announced 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.

Edward Siddall-Jones, managing director of Siddall Jones, said: “We continue to secure instructions and want to work with developers around the Jewellery Quarter and wider Birmingham area.

“When we eventually come out of lockdown, there will be considerable pent-up demand to be met and those who can hit the ground running and have continued to promote themselves hard through this very difficult trading period, will undoubtedly reap the benefits.

“Site acquisition, consultations, design and planning is something that can continue during lockdown and we are very keen to facilitate new developments in Birmingham and help bring sites to the market,” he said.

Siddall Jones is one of the West Midlands’ leading independent property agents, with offices in Birmingham and Dudley.

Ends (304 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 

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