Logicor delivers new UK warehouse for Hoek Flowers

Hoek Flowers has secured its third UK warehouse at Logicor’s Lye Valley Industrial Estate in Stourbridge. 

The Dutch family business, which distributes to 52 countries worldwide, has taken Unit 10, totalling 2,346 sq ft on a new 5-year lease to serve its customers across the Midlands and Northern England. The West Midlands industrial estate is perfectly located close to the M5 and M6, providing an easy link to the wider UK motorway network. 

Kerri Cox, Logicor’s Asset Manager, UK, says: “This family run business has a real passion for flowers, always working to discover and secure the best products for its customers, both from Flora Holland and direct from local growers in Holland and many other countries. This new warehouse for Hoek will speed up their distribution across the UK and we are pleased to be able to facilitate their growth needs.”

Hoek Flowers, who recently won the Supplier of the Year Award at the British Florist Association Industry Awards in October, was founded by Peter Hoek, who started his career in the flower industry at 17. A real entrepreneur, having set a flower shop with his brothers in a small town in Holland, he set about expanding their customer base, driving his flowers to the South of France to sell to French tourists. While driving back with an ‘unprofitable empty truck’, he discovered local growers in France selling products not available back home. The buying of these local flowers became the base for the business, which has now been passed to his sons and has grown to become a web shop selling international flowers to an international customer base.

Darren Morrish, General Manager of Hoek Flowers, comments: “Lye Industrial Estate provides the base for us to enable delivery to our customer here in the UK, with the flexibility to expand our warehouse space as our business continues to grow. This new premises will help us to service the midlands and the north particularly, reducing delivery times which is key to our customers, as we supply flowers to independent florists all across the UK”. 

Fisher German and White Rose are retained agents for Logicor at Lye Valley Industrial Estate.

SHW sells Jetset House, Crawley

Tui, advised by SHW, has sold the freehold Jetset House, Church Road, Lowfield Heath, Crawley to an unnamed Occupier for in excess of £6m

The warehouse, previously used as a training centre and offices for the travel and tourism company, has been sold with vacant possession to the new owner occupier.

Totalling 56,488 sq ft, on a c. 2-acre site adjacent to Gatwick Airport, the property is located on the popular Church Road Industrial Estate which has good access to the M23 and the wider motorway network.

Adam Godfrey, Partner at SHW, says: “We are delighted to achieve the strong sale for Tui. We received a great deal of interest in Jetset House and are pleased to have sold to an occupier who will use the space to serve their growing business.”

LOGICOR GRANTED PLANNING CONSENT FOR c.112,000 SQ FT B&M WAREHOUSE EXTENSION

Following the granting of planning permission, Logicor, a leading owner and manager of logistics real estate in Europe, will commence the development of a significant extension to B&M Bargain’s Runcorn warehouse and distribution facility.

One of the UK’s fastest-growing variety retailers, B&M recently signed a deal with Logicor to remain at its existing c.343,000 sq ft Runcorn warehouse (Onyx 350) for a further 10 years, with Logicor committing to build a further c.112,000 sq ft to help serve B&M’s UK expansion.

The new warehouse will connect to the current premises, located on the 300-acre Manor Park Industrial Estate, one of the North West’s prime distribution locations. Adjacent to the A558, with easy access to the M56 and The Mersey Gateway Bridge, Manor Park is home to many household name occupiers including Lidl and DHL.

A spokesperson from B&M says: “Having occupied this site for many years, we know that our Runcorn warehouse is best located to serve our customers across the UK. The extension will provide plenty of space for us to expand our services with minimal disruption to our staff and allowing us to continue providing a seamless service to our customers. The additional space will also enable us to significantly increase our employment in the area.”

The new development works will include the extension of B&M’s service yard to the north and east, the input of 11 new dock loading doors, two new level access doors and 32 additional HGV parking spaces.

Forming part of the works, Logicor will also upgrade B&M’s existing warehouse to provide LED lighting throughout for the benefit of staff and the environment, and install 10 EV chargers, delivering a BREEAM Very Good certified building.

B&M will continue to occupy its existing building while the construction works take place, with completion of the development scheduled for Q3 2023. Upon occupation of the additional space, the new 10-year lease will commence on the combined c.455,000 sq ft warehouse.

Tom Blakely, Logicor’s Director, UK Asset Management, says: “It’s been a joy to work with the B&M team to identify and understand their expansion needs and to be able to deliver new space in the location they want to be. We have worked very closely with B&M to design the right space for them in a way which allows their team to continue operating as normal while the works take place.”

SHW APPOINTS NEW HEAD OF PLANNING

Brett Moore has joined SHW’s team as Associate Planner.

Joining from Smith Simmons & Partners where he spent just over a year as Principal Planner, Brett has over 10 years’ experience as a Director with Moore Planning, a Chartered Town Planning Consultancy based in Sussex but working on projects throughout the southern region.

A chartered member of the Royal Town Planning Institute, with 19 years’ experience spanning both public and private sectors, Brett has been involved in a wide range of planning and development projects and boasts a particularly broad professional knowledge and skills base.

Ryan Carson, Partner and Head of Building Consulting at SHW, says: “Specialising in all aspects of the Town Planning spectrum, Brett’s extensive knowledge and experience enables him to assess the development potential of sites and develop robust solutions to what can sometimes appear as complex planning conundrums.”

Working across the UK, Brett is based in the SHW’s Croydon office.

Redhill Manufacturing expands at Logicor’s Lakeside Industrial Estate, Redditch

Logicor, a leading owner and manager of logistics real estate in Europe, has announced that Redhill Manufacturing has expanded its presence at its Lakeside Industrial Estate in Redditch, taking a new lease on three units totalling 26,482 sq ft.

Redhill Manufacturing has been a customer of Logicor since 2021 and currently occupies Unit 3 at Lakeside Industrial Estate.

The British-made access, handling and storage equipment manufacturer has significantly grown and consequently has taken three additional units, totalling just over 26,000 sq ft.

The three units have been refurbished to now include efficient LED lighting and PVC windows as well as more effective heating and cooling systems. Fast-action roller shutter doors have also been fitted, as well as secure bike racks. There is internal access across the three units and a mezzanine will be added within the space, creating a total of c.52,000 sq ft for the manufacturing business.

Redhill Manufacturing intends to vacate Unit 3 as they upsize their operation into the three-unit terrace.

Bill Martyn-Smith, Logicor’s Asset Manager, UK, comments:  “We pride ourselves on working closely with new and existing customers to identify the right space that suits their needs. We hope these refurbished units will support Redhill Manufacturing as it further expands its business."

Andy Colley of Redhill Manufacturing, comments: “We’re immensely excited about our new facility and the opportunities it provides us as we move into an important new phase of expansion and growth. The new, refurbished facilities will provide us with much greater capacity for incoming materials and extensive storage for assembled products, enabling us to significantly increase output while reducing lead times.”

LSH and Harris Lamb will be marketing Unit 3 when Redhill vacate at the end of the year.

330,000 sq ft of New Crawley Industrial/Warehouse space to PC before Christmas

Over 330,000 sq ft of new industrial/warehouse space will complete in Crawley in time for Christmas across two schemes: The Base on Fleming Way in Manor Royal and Midpoint 23 on Brighton Road, Pease Pottage.

Located within Manor Royal, one of the premier industrial and business districts in the South East, The Base comprises two high specification, prominent industrial/distribution units of 88,708 and 147,039 sq ft.

The self-contained units are naturally well-lit with high bays, designed to exceed governmental and environmental standards. The sustainability features include rainwater harvesting, 11,000 sq ft of photovoltaics and EV charging points, making this scheme BREEAM Excellent and EPC A rated.

Situated on Fleming Way, a prominent position within Manor Royal, The Base provides excellent connectively to Gatwick Airport, London and the South East. Occupiers within the area include Tesco, FedEx, DHL and Parcel Force.

Midpoint 23 is a prime warehouse and light industrial scheme, providing a total of 86,000 sq ft of space across four units ranging from 9,832 to 39,979 sq ft. Located just off J11 of the M23, connecting to the M25, the scheme has been built to a high specification boasting BREEAM Very Good and EPC A credentials.

Tim Hardwicke, Partner at SHW, letting agent for both schemes, says: “Located in an attractive wooded setting, Midpoint 23 has been designed to fit in with its surroundings, with sustainability in mind, offering low running and maintenance costs, external staff amenity space, EV charging points and cycle parking.

“The Base, in contrast, is of striking, modern, contemporary design, while still offering all the sustainability features. Both these developments offer the location and spec for a wide range of occupiers, and we have already received a great deal of interest.”

Invest Crawley launches The Create Building - “The finest building between London and Brighton”

December 2022, Crawley, UK: Agents and stakeholders were this morning welcomed to a breakfast event at Crawley's latest and only town centre office development, The Create building in Crawley.

Tours of the high specification Grade A office space, which offers flexibility of sizes from 7,000 sq ft to 77,000 sq ft, were followed by addresses from Adam Godfrey, Senior Partner, SHW – the building’s joint letting agents alongside Savills, and Natalie Brahma-Pearl, Chief Executive at Crawley Borough Council.

Against a backdrop of sweeping panoramic views of the town centre and beyond, Mr. Godfrey welcomed guests to what he described as a “best in class” workspace for Crawley.

“We’re very much in an age of the flight to quality; the space and the facilities here speak for themselves.” On the location and connectivity of the building Mr Godfrey remarks that “a great building really is connected” and The Create Building is no exception: “The building is within 500 metres of 16 cafes, one gym, a fantastic park and a mainline railway station that has been extensively remodelled.

“We have four trains an hour to London taking just 40 minutes, a nine-minute train to Gatwick Airport and we’re only two roundabouts away from junction 3, which gives access to Brighton, the south coast and the M25 of the national motorway network”.

Natalie Brahma-Pearl, Crawley Borough Council, remarked on Crawley’s “rapid mission of regeneration” and how the council have invested millions of pounds into the borough:

“We have a £72m growth programme which you can see elements of as you walk around town - from the public realm improvement evident all the way around this building and down into the town centre, to the new town square and improved train station. There is also £150 million pounds going into a new station at Gatwick Airport.

“Crawley is a really well-connected place. It's hard to find a better-connected place in the country”.

Ms Brahma-Pearl also spoke of the skills cluster in the area, which has been further ignited thanks to government funding: “Things are really happening here, there is a massive cluster of skills, energy, innovation, creativity and businesses that want to come along and support this.”

On the building’s credentials, Ms Brahma-Pearl commented that the “look and feel of the environment in which people work in is fundamental to their productivity and wellbeing” and that the message agents should take away from today is that this building will help prospective tenants to “attract the right staff” thanks to its “good quality workspace and environment”. She also spoke of the exemplary green credentials the building offered, remarking that businesses are now “really tuned in to the environmental sustainability agenda.”

With many big businesses currently based in the area, and some 44,000 people already commuting into the town for work, Ms Brahma-Pearl hopes new companies or even indigenous companies in Crawley, will want to locate themselves in what she described as “probably the finest building between London and Brighton.”

The Create Building development is home to approx. 14,000 sq ft on each floor, has a target for BREEAM Excellent rating and an EPC of high B. Grade A specifications include metal ceiling tiles, raised access floors, fan coil air conditioning, showers with drying rooms, four 17-person passenger lifts and secure parking at 1:350 sq ft.

Located in Crawley, in the centre of the Gatwick Diamond, The Create Building is right in the heart of the town centre's Regeneration Quarter, offering easy access to cafes, restaurants, gyms, and the green space of Memorial Gardens. Crawley also has excellent links via road and rail to London and Gatwick Airport.

The Create Building launch was delivered by White Label Creative as part of the Invest Crawley Programme and in partnership with the joint agents.

LOGICOR PREPARES CAMPUS 450 @ DIRFT FOR THE LOGISTICS MARKET

Logicor, a leading owner and manager of logistics real estate in Europe, has announced that Campus 450 @ DIRFT will be available to let in Q2 2023, following a comprehensive refurbishment project.

The modern logistics campus offers three detached industrial and logistics warehouses and ancillary areas, totalling c.450,000 sq ft, located on the UK’s premier inter-modal rail connected logistics park - Daventry International Rail Freight Terminal (DIRFT).

DIRFT sits in the ‘Golden Triangle’, the UK’s logistics heartland, providing immediate access to the M1 (J18) and easy access to the M6 / A14 intersection, the M45 and the A5. The new DIRFT rail terminal enables fast freight, port and European connectivity.

The refurbishment of this standout logistics campus has strong ESG credentials and will include LED lighting throughout, EV charging and decarbonisation of the buildings by removing the gas boilers and replacing with air source heat pumps. The scheme is targeting at least BREEAM In Use Very Good rating and an EPC B, with further occupier specific opportunities to install renewables.

DIRFT has an active car sharing community and assisted green travel planning aiming to cut congestion and pollution, while saving money on travel costs. 

Established occupiers in the area include Boohoo, Tesco, DHL, Eddie Stobart, M&S and Clipper, as well as being home to the UK’s largest Royal Mail parcel hub.

Anthony McCluskie, Logicor’s Director, Asset Management, comments “Moving goods via rail freight is an important and growing part of the logistics supply chain and allows our customers to quickly and reliably move goods from DIRFT around the UK and Europe– ensuring continuity of supply. The central location of DIRFT from both road and rail perspectives allows occupiers to respond quickly to changing demand and helps reduce carbon emissions through operations and the supply chain.

“Campus 450 is a purpose-built facility offering occupiers a rare opportunity for scale complimentary to multi-service occupation. The buildings have been constructed to a high specification and will be fully refurbished to Grade A standard for occupation early next year.”

DTRE, Knight Frank and Lambert Smith Hampton are retained as letting agents for Campus 450 @ DIRFT.

SHW appointed on Panattoni’s new Brighton logistics scheme

Panattoni has acquired a site near Brighton for a 257,000 sq ft speculative logistics development designed to serve the South Coast markets.

The development, called Panattoni Park Brighton, is on a 12-acre plot which has been bought in an off-market deal from an investment vehicle managed by Kennedy Wilson. SHW has been appointed as letting agent for the scheme, along with DTRE and Savills.

Panattoni plans to begin speculative development of the park, which has detailed planning consent, in Q1 of 2023, with completion expected in Q4.

It will comprise seven units, ranging from 19,000 sq ft to 71,495 sq ft, which will be built to a targeted BREEAM rating of Excellent and an EPC rating of A.

Tony Watkins, head of development for the South East and London at Panattoni, said: "Despite the headwinds facing the whole real estate sector, both Panattoni and Kennedy Wilson are delighted to have closed the transaction for this very well-located site in a very supply-constrained market.

"We hope to work together on further development transactions."

Mike Pegler, head of UK at Kennedy Wilson, added: "We recognised a compelling opportunity to unlock the full potential of the whole Brighton City Airport estate following our acquisition of the site in 2020 and moved quickly to secure planning permission for a new industrial development on this site.

"Two years later, as demand for new logistics and industrial space has steadily increased within a region acutely lacking in supply, we are pleased to complete this transaction with Panattoni that will lead to the creation of much needed, high-quality space with leading ESG credentials.

"We retain our interest in the remainder of the airport estate and look forward to working with all stakeholders to further its long-term success."

LOGICOR LETS DIRFT DISTRIBUTION FACILITY TO M&S

23 November, Logicor, a leading European owner and manager of logistics real estate in Europe, has secured a long lease with leading retailer, Marks & Spencer (M&S) at DIRFT 224, Daventry, following refurbishment of the c.224,000 sq ft cold store distribution facility located at Daventry International Rail Freight Terminal (DIRFT).

M&S, an existing customer, will move into DIRFT 224 at the end of this month to complement its existing strategic network. Situated adjacent to the M1 at Junction 18, five-minutes’ drive time from the M6/A14 interchange, the modern, detached warehouse also offers excellent access to the national motorway network.

Anthony McCluskie, Logicor’s Director, Asset Management, UK, comments: “It’s great to work with M&S again to provide this refurbished modern chilled storage for our valued existing customer. The site has undergone a full refurbishment which was delivered on time, ready for M&S to occupy ahead of their Christmas peak. M&S will join a number of blue-chip occupiers at this prime distribution park.”

DIRFT, the UK’s premier inter-modal, rail-connected site is located in the ‘Golden Triangle’ for logistics. The largest rail freight terminal in the UK, with a direct link to the Channel Tunnel, domestic destinations and deep sea ports, DIRFT has the capacity to handle around twice as many trains per day as any rival facility.

JLL and Cushman & Wakefield advised Logicor.

Alongside extending the relationship with M&S, an extensive refurbishment programme has begun on three detached warehouses within a large secure site, known as CAMPUS 450, at DIRFT which will enhance the sustainability of the current assets.

As part of the work to improve the sustainability of assets across the Logicor portfolio, EV charging points, new LED lighting, and air source heating will all contribute to lowering the carbon emissions and will be targeting BREEAM Very Good.

Dolby Medical secures Manor Royal office facility

Dolby Medical have acquired just over 22,000 sq ft at the 30,000 sq ft Palladian office building on Manor Royal. Wanting to remain on Manor Royal, Palladian is well located on Manor Royal Road with quick and easy access to the M23, going to the M25 Northbound (11 miles) and Brighton Southbound (c.26 miles). Gatwick Airport is located c.3 miles away.

Dolby Medical will be occupying the ground and part first floor at Palladian. The property has been substantially refurbished to include external re branding, new air conditioning, new suspended ceilings with LED lighting , new WC and shower facilities and carpeting. There is an impressive new reception and generous parking with EV charging points to the rear.

SHW acted for Dolby Medical. Laura Miles, Director at SHW said: “It is really encouraging to be able to secure a new HQ facility for Dolby Medical on the Manor Royal Estate, allowing them to grow and occupy high quality space in a prominent location. Working collaboratively with Dolby Medical, SHW’s professional and building surveying teams, we were able to achieve a great outcome.”

Altus Group and Knight Frank acted for the Landlords. Tim Hodges, Senior Director at Altus Group said: “This is a significant transaction for the Crawley office market, with the decision of Dolby to relocate to Palladian highlighting the appeal of the building with its striking design, large well-proportioned floor plates and excellent environmental criteria with a B rated EPC.

“There is a suite of circa 7650 sq ft remaining available on the 1st floor with a private external terrace.”

Bridge Industrial Announces Portfolio-Wide Commitment to Green Building Certification

This initiative will demonstrate the industrial firm’s strong sustainable performance across assets

CHICAGO, IL. (October 27, 2022) – Bridge Industrial (“Bridge”), a privately-owned, vertically integrated real estate operating company and investment manager, has furthered its dedication to sustainability by committing to pursue green building certifications for all future industrial developments.

Bridge will pursue LEED® Core & Shell certification for all buildings within its U.S. portfolio, while U.K.-based assets will seek certification under the BREEAM program. The firm chose these platforms based on their global recognition as leading standards for sustainable design and construction. The commitment to green building certifications signifies Bridge’s dedication to designing and building high-performance, sustainable properties, as assessed via each program’s requirements for location and transportation, site selection and management, water and energy efficiency, materials selection and waste disposition, indoor environmental quality and occupant well-being, and more.

For its U.S. assets, Bridge has engaged the green building consultancy firm BranchPattern to develop its prototype for the USGBC’s LEED Volume Program. The LEED Volume Program streamlines the certification process and maximizes the outcome of sustainable efforts by focusing on implementing uniformity across projects and procedures and by incorporating LEED prerequisites and credits into the delivery process. Bridge will utilize this prototype as a standardized approach to design and development nationwide.  

In addition to consulting on the LEED Volume Program, BranchPattern will act as Bridge’s advisor across green building initiatives and portfolio-wide decarbonization efforts, including net zero energy studies and embodied carbon calculations.

“Bridge’s commitment to the measurement and validation of sustainable design, as demonstrated by our green building certification pledge, highlights our understanding of the importance of integrating sustainability into all stages of design and development,” said Francesca De Amicis, Vice President of Operations and Sustainability at Bridge. “We are determined to drive sustainable value in real estate, and we are eager for our tenants, investors, partners, and the communities in which we develop to join us in our dedication to sustainability.”

The firm’s holistic strategy for advancing sustainable operations — across all stages of design, development, and management for all assets — is described in the company’s published 2021 ESG Report.

LOGICOR MARKETS STAFFORD WAREHOUSE FOLLOWING FULL REFURBISHMENT

Logicor, a leading owner and manager of logistics real estate in Europe, has announced that its Stafford 128 warehouse is available to let following a full refurbishment programme.

Situated on Mustang Drive, within an established Logistics Park in Stafford, Stafford 128 offers c.128,000 sq ft of immediately available, EPC A rated, modern industrial and logistics space.

The fully fitted warehouse, which features LED lighting, sprinkler system, frost protection and warehouse WCs and changing rooms, is prominently located next to J14 of the M6 motorway, connecting to the national motorway network.

With ancillary offices on the first floor, the warehouse also benefits from 12m minimum eaves height 11 dock loading and 2 level access doors and a large service yard, with 123 car parking spaces.

Anthony McCluskie Logicor’s Director, Asset Management, comments: “Stafford 128 benefits from being located in a prime logistics location and this is demonstrated by the presence of household name occupiers in the area including Screwfix, Culina, Iron Mountain and Altecnic, to name a few. One of the main factors which attracted these existing occupiers is the wealth of trained and skilled workers in the region and we look forward to welcoming more customers who will enjoy the same benefits the warehouse and its location offer.”

M1 and Knight Frank are retained as letting agents for Stafford 128.

https://stafford128.co.uk/

Valuation Office releases draft values

The Valuation Office has now released the draft values that will come into effect from 01 April 2023. In summary the total Rateable Value for England across all sectors increased by 7.3%. Regions also saw average increases with the largest being in the East at 14.4%, almost double the national average.

Looking at each sector individually, the picture is much more varied.

In England, the average Rateable Value for Retail has decreased by 10%. Yorkshire and the Humber saw the largest decrease at 14.%.

Whilst London only saw an average decrease of 8.9%, decreases were much more concentrated in Inner London with an average decrease of 12.2%. Boroughs such as Kensington, Chelsea, Hammersmith, and Fulham saw the largest decreases at 23.3% and 20% respectively. Outer London only saw an average decrease of 2.9%.

Industrial properties nationally have increased on average by 27.8%. In London and the Southeast, the average increase has been approximately 33% with the highest increase being seen in Southwark with an average increase of 65.4%. Merton has seen the highest increase in outer London with an average increase of 48.6% coming in slightly higher than Croydon at 41.8%

Offices in England have seen an average increase of 10.3% with the largest Region increase being in the East at 26.3% followed by the Southeast at 20%.

London has seen an average increase of 6.1%, below the national average but some boroughs, such as, Islington and Tower Hamlets saw decreases of 3.4% and 1.7% respectively, whereas Kingston Upon Thames and Sutton saw increases of 27.2% and 24.5%. The largest increase in Inner London was Hackney at 21.7%.

Get in touch with Daud Sadiq, Director, SHW, to discuss how this affects you.

SHW LAUNCHES 10 NEW WAREHOUSE UNITS TO THE CHICHESTER MARKET

SHW, on behalf of Chichester District Council, has brought 10 newly constructed industrial and warehouse units to the market, offering high-quality, energy efficient business space from 2,293 to 23,510 sq ft.

St James Industrial Estate, located on Westhampnett Road in Chichester, is currently nearing construction completion, ready for availability in January 2023, offering the perfect opportunity for local businesses looking to expand, or downsize, into brand-new, Grade A warehouse space.

St James Industrial Estate is located approximately 1 mile to the north east of Chichester city centre on the southside of Westhampnett Road, which joins to A285, linking to the A27 (Chichester bypass). Nearby occupiers include Lidl, Sainsburys, McDonalds and Aldi.

Offering a variety of sizes, the units benefit from 8.1m eaves height, 3 phase electricity and access to Ultra-Fast Broadband network. Built to a high energy efficiency standard, the estate also offers active electric car charging points.

Duncan Marsh, Partner at SHW, comments: “St James Industrial Estate offers a superb opportunity for an enterprise seeking high quality premises in the heart of Chichester. With there being a lack of industrial development currently in West Sussex, St James stands to ease the burden on the demand, and lead the way in innovative design with its excellent ESG credentials.”

SHW is retained as letting agent for St James Industrial Estate.

BREAKING GROUND AT SALTWHISTLE BUSINESS PARK

Vamos Invest has broken ground at Saltwhistle Business Park, Redhill, in an event hosted by Wilten Construction.

Located at 42-44 Holmethorpe Avenue, Saltwhistle Business Park will provide five, brand new, high-quality industrial warehouse units, offering business space from 5,310 sq ft to 31,546 sq ft, available to let in Q1 2023.

The development will be constructed with the latest environmental requirements in mind and will aim to be best in class, with an EPC A Rating and BREEAM “Very Good”.

Alex Gale, Partner of SHW, retained letting agent for Saltwhistle Business Park, says: “This new development will provide much needed, high quality industrial/warehouse space to suit the requirements of a number of occupiers.

“Located just one mile from Redhill Train Station, with great connections to Gatwick Airport and the UK motorway network via the A23, this area is a well-established industrial and warehouse location, with nearby occupiers including Screwfix, Howdens and Toolstation.”

Naim Basha, Managing Director at Wilten, says: “We are pleased to be on site for Vamos Invest, a key client for Wilten Construction. Aligned to our future ambitions, we are looking forward to setting the standard with our fully managed design service and best in class delivery, building our successful mutual future and developing our relationship as a preferred supply chain partner.”

David Morris of Vamos Invest, comments: “We are delighted to be working with Wilten Construction to deliver this best in class, last mile logistics building on a speculative basis. This is our first project with Wilten and we have been thoroughly impressed with their professionalism and straightforward approach. We look forward to developing our relationship further with them in the future.”

Vengrove secures third acquisition for VRE Industrial Partners fund

Vengrove has completed the acquisition of Unit 6 Westpoint Enterprise Park, Trafford Park, Manchester for VRE Industrial Partners, its UK industrial and logistics strategy.

The property comprises a 63,500 sq ft logistics unit let to Sadaqat Global Limited., a manufacturer and distributor of textiles and home furnishings.

It was acquired by way of a sale and leaseback for a term of 10 years with no break and is the tenant’s key UK distribution location.

Will Hunting, Partner & Head of Investment at Vengrove, commented, “This marks VREIP’s third acquisition in the North West and second in Manchester within the M60. The JV actively seeks exposure to locations with strong fundamentals and favourable supply and demand dynamics and, as one of the UK’s core industrial and logistics locations, Trafford Park typifies this.”

Vengrove was advised on the transaction by BNP Paribas Real Estate, Greenberg Traurig, LLP, Watts Group Limited, and Nova Ambiente (part of Nova Group, GBC)

GXO DEVELOPS PARTNERSHIP WITH LOGICOR AT WELLINGBOROUGH170

October 31st: Logicor, a leading European owner and manager of logistics real estate, has let its 170,598 sq ft Wellingborough distribution / production facility to GXO Logistics, on a new long-term lease.

Wellingborough170 will be used by the leading supply chain partner to help their customers fulfil increasing orders. 

Located on Park Farm Industrial Estate to the West of Wellingborough, a strategic logistics location in the East Midlands, with access to the M1 and A14 East Coast ports, Wellingborough159 is positioned in an established industrial and logistics park. Nearby occupiers including TNT, DHL and Co-Op.

Jack Garrett, Senior Asset Manager - UK, Logicor comments: “Increasing numbers of occupiers are being attracted to the connectivity credentials offered by this location, along with its strong population growth and highly skilled local workforce.

“GXO Logistics already have a presence nearby and know the area well, making this refurbished, high-quality distribution facility the ideal choice for them.”

Burbage Realty and DTRE advised Logicor.

SHW continues to grow it’s South East presence

(Managing Partner update – Russell Markham)

What an exciting year it has been for the whole property industry and especially for us here at SHW.

Perhaps the most exciting news for our growing team has been the completion of our definitive merger agreement with WSW Consultancy Limited. Listening to the requirements of our client base for Architectural and supporting services, this merger secures - for our team and our clients - exceptional Architectural experience and resource, along with an alignment of Building Surveying expertise that complement each other perfectly, enabling both firms to extend their property services both regionally and sectorally for existing, valued customers and future clients too.

Established in 1994, WSW is an independent consultancy of Chartered Building Surveyors and Architectural Designers, registered and professional members of the RICS. A successful, award-winning practice, WSW works primarily in the Homes Counties and London in both the private and public sectors, along with a number of national, corporate clients throughout the UK.

Based in Fleet, Hampshire, the company was formed by three founding partners who have worked together in providing quality professional service for over thirty years. Taking a holistic approach to architecture, the firm provides full design and project management services, along with a wider scope of services for its clients.

We are delighted to report that, since our initial discussions with the founders and the wider team, we have together, already, explored new business prospects, resulting in confirmed instructions and some other very exciting opportunities and look forward to our future growth together.

In the last couple of months, we have also launched our new website, as part of a rebranding exercise to show our strength as a South East-based company operating UK wide. The regions from which we operate have been rebranded, with new Heads appointed for each. Leading London, South London, SE M25 and SW M25 is Partner Alex Gale, with Partner Peter Coldbreath appointed as Head of  Crawley/Gatwick and fellow Partner David Martin as Head of Sussex Coast.

Across these regions and across service lines, we have secured many new instructions including winning a four-year Property Professional Services Framework agreement with the London Borough of Bromley, to support the efficient management and running of its estate. This framework includes advice and services ranging from rent reviews, business rates advisory, lease renewals, covenant releases, valuations and building surveys in addition to agency services covering all property sectors.

We have also been busy growing the team organically, this month appointing new Head of Planning Brett Moore, and last month welcoming our new Rating Team Director Daud Sadiq who has hit the ground running focusing on working with landlord and developer clients to mitigate and delete the rates liability on all types of vacant property, including those undergoing development.

As well as welcoming many more new joiners across all regions and service lines, this year’s intake of graduate appointments include: two in our Planning team helping to deliver planning services to the Building Consultancy and Development teams; two joining BCD; two Professional Services graduates; and two ‘Real Estate’ graduates working within agency and Commercial Property Management.

In other news, our whole team has taken part in a number of sporting events, including sailing, softball, volleyball, kayaking and our Great Walk in June to raise funds for our nominated charities this year: Calm and Sport in Mind, as well as dedicating time to help local communities with initiatives such as clearing an overgrown area at Bears Wood Scout Campsite in Croydon to use for pioneering and a tour of One Brighton for GCSE students at Patcham High School.

As part of our ongoing expansion, including the merger with WSW, we look forward to announcing further new joiners and client instructions, as well our ongoing work with our valued clients across our full line of professional and agency services, and keeping you updated with news and events in a busy fourth quarter for 2022.

LOGICOR MAKES NEW HOME FOR LOCAL PRINTING COMPANY IN STOCKPORT

Logicor has agreed a new 15-year lease with local printing business, Deanprint Ltd at its 22,023 sq ft warehouse in Stockport.

Unit 16, Lawnhurst Trading Estate has undergone extensive refurbishment to improve the efficiency of the building and improve its levels of sustainability. New LED lighting has been installed throughout, in addition to replacement cladding and insulation and a new level access door. 

James Carney, Logicor’s Senior Asset Manager, said: “Unit 16 has undergone a full refurbishment to bring the property back to life, providing high-quality, sustainable business space in this established industrial location. We are very pleased to provide a new home, on a long-term lease, for this local business and welcome them as a new customer to our UK portfolio.”

Deanprint was founded in 1890 in Stockport and moved into its first, purpose-built facility in 1920. It has since established itself as one of the most well-respected printing and bookbinding companies in the north-west of England.

David Thurrold, Managing Director of Deanprint Ltd, comments: “We are very proud of our Stockport roots and, while our previous premises served us well for over 100 years, we are excited to be starting a new chapter in this modern, sustainable building that perfectly suits our business space needs, enabling us to best serve our local and UK-wide customers.”

 JLL and Sanderson Weatherall advised Logicor as joint letting agents.