Alder King Property Consultants https://www.alderking.com Fri, 19 Apr 2019 17:05:15 +0000 en-GB hourly 1 Former Royal British Legion clubhouse sold for residential conversion https://www.alderking.com/former-royal-british-legion-clubhouse-sold-for-residential-conversion/ https://www.alderking.com/former-royal-british-legion-clubhouse-sold-for-residential-conversion/#respond Thu, 04 Apr 2019 14:03:28 +0000 https://www.alderking.com/?p=5350 Acting on behalf of The Royal British Legion, Alder King has concluded the freehold sale of the former Royal British Legion clubhouse in the Staple […]

The post Former Royal British Legion clubhouse sold for residential conversion appeared first on Alder King Property Consultants.

]]>
Acting on behalf of The Royal British Legion, Alder King has concluded the freehold sale of the former Royal British Legion clubhouse in the Staple Hill area of Bristol.

The property is located on Kendall Road behind Staple Hill High Street.  It was acquired by a private investor/developer for in excess of the £315,000 guide price.  The new owner is now considering options for converting the property into residential apartments.

The clubhouse occupies a 0.2 acre site and provides 8,850 sq ft of accommodation over two floors including a main hall, meeting room and bar.

It is the second Bristol clubhouse that Alder King has sold on behalf of the Legion, following the sale of the Long Ashton clubhouse in 2017.

Alder King and its joint agent Maggs & Allen are now marketing a third clubhouse on College Road in the popular suburb of Westbury on Trym.  The 2,060 sq ft two storey property would be suitable for refurbishment for continued clubhouse use but it would also suit a range of other uses, subject to the necessary consents.  The property will be sold via public auction by Maggs & Allen on 18 April at the County Cricket Ground in Bristol.

The post Former Royal British Legion clubhouse sold for residential conversion appeared first on Alder King Property Consultants.

]]>
https://www.alderking.com/former-royal-british-legion-clubhouse-sold-for-residential-conversion/feed/ 0
Alder King signs up three occupiers for new owners of Castleton Court, Cardiff https://www.alderking.com/alder-king-signs-up-three-occupiers-for-new-owners-of-castleton-court-cardiff/ https://www.alderking.com/alder-king-signs-up-three-occupiers-for-new-owners-of-castleton-court-cardiff/#respond Tue, 02 Apr 2019 12:53:52 +0000 https://www.alderking.com/?p=5313 The new owners of Castleton Court on St Mellons Business Park, Cardiff have been rewarded for their swift post-acquisition investment in the park, securing three […]

The post Alder King signs up three occupiers for new owners of Castleton Court, Cardiff appeared first on Alder King Property Consultants.

]]>
The new owners of Castleton Court on St Mellons Business Park, Cardiff have been rewarded for their swift post-acquisition investment in the park, securing three new occupiers through retained agents Alder King.

Triangle Property Holdings acquired Castleton Court, and the adjacent Transtech House, in January 2019 and immediately instigated a rolling programme of rebranding and refurbishment.  As well as an exterior facelift, vacant offices have been stripped out and upgraded with the latest LED lighting, new carpeting, renovated lobby areas as well as refurbished toilet and kitchen facilities to suit today’s modern standards.  A new 1 Gigabyte fibre connection (1000MB) is also being installed.

The latest occupiers include Rumney Care and Ambulance Service who provide personal welfare and home help services.  They now occupy the 750 sq ft first floor suite of Unit 6 Castleton Court.

Graham Asset Management recently won a new contract in Cardiff and took circa 900 sq ft on the first floor of Unit 2 as a new base for projects in Wales. They offer facilities management services with policing and justice, utilities, healthcare and education projects spanning the length and breadth of the UK and Ireland.

The third letting was to Chamberlains Security who offer static guarding, mobile services, alarm response and consultancy.  They are now fitting out the 800 sq ft ground floor of Unit 6.  All units benefit from extensive on-site car parking.

Owen Young, partner at Alder King, said: “With active asset management by the new owners, Castleton Court is quickly becoming a significant success story.  It offers relatively small and medium sized office units at very competitive rents, with ample parking.  There is little else to compare with it in terms of price, quality and infrastructure and that’s why we’ve seen such encouraging levels of activity on the park.”

Jonathan Phillips of Triangle Property Holdings added “Alder King has done a great job at Castleton Court securing three new lettings in such a short period of time.  We hope that the rebrand, together with the combination of fully refurbished offices suites and flexible leases at a competitive rent, will attract further businesses to the park in the coming year.  A fourth unit is already under offer and we have other suites available for other occupiers.”

The post Alder King signs up three occupiers for new owners of Castleton Court, Cardiff appeared first on Alder King Property Consultants.

]]>
https://www.alderking.com/alder-king-signs-up-three-occupiers-for-new-owners-of-castleton-court-cardiff/feed/ 0
South West’s largest speculative industrial unit ready for occupation at Access 18, Avonmouth https://www.alderking.com/south-wests-largest-speculative-industrial-unit-ready-for-occupation-at-access-18-avonmouth/ https://www.alderking.com/south-wests-largest-speculative-industrial-unit-ready-for-occupation-at-access-18-avonmouth/#respond Thu, 28 Mar 2019 11:45:33 +0000 https://www.alderking.com/?p=5328 The largest industrial and logistics unit in the South West has been completed by expert developer and regeneration specialist, St. Modwen, and is ready for […]

The post South West’s largest speculative industrial unit ready for occupation at Access 18, Avonmouth appeared first on Alder King Property Consultants.

]]>
The largest industrial and logistics unit in the South West has been completed by expert developer and regeneration specialist, St. Modwen, and is ready for immediate occupation.

Spanning 150,664 sq ft, Unit 15 has been built in response to the increasing market demand for logistics and production space close to the M5 and as part of the company’s targeted speculative building programme across the South West.

The region is playing a key role in delivering the company’s strategy to build a high quality industrial and logistics business, which includes committed delivery of 1.5 million sq ft this year and a wider potential pipeline of 15 million sq ft over the coming years.

Peter Davies, Development Director for St. Modwen West and Wales, said:

“This new unit is now available to rent and for immediate occupation. The combination of its high quality together with Access 18’s prime location with access to Junction 18 of the M5, proximity to relevant local labour force, public transport and amenities, will appeal to both regional and national occupiers.

“We now have 1 million sq ft of accommodation completed or under construction to complete in the coming months at Access 18. Units are available from 5,000 sq ft to 60,000 sq ft and, with a further 260,000 sq ft ready to deliver on-site, we can also discuss build to suit solutions to reflect specific occupier requirements.”

St. Modwen Park Access 18 Avonmouth is already home to 15 companies, including Hermes Parcelnet Ltd, Kent Foods, Budget Greetings Cards, Movianto, Nisbets and Commercial Electrical Factors. A key strategic commercial development site for the South West, Access 18 has the potential to provide in excess of 2,200 jobs in total.

Alder King and Knight Frank are joint agents on the development.

The post South West’s largest speculative industrial unit ready for occupation at Access 18, Avonmouth appeared first on Alder King Property Consultants.

]]>
https://www.alderking.com/south-wests-largest-speculative-industrial-unit-ready-for-occupation-at-access-18-avonmouth/feed/ 0
Trio of lettings and new availability on Taunton’s Blackbrook Business Park https://www.alderking.com/trio-of-lettings-and-new-availability-on-tauntons-blackbrook-business-park/ https://www.alderking.com/trio-of-lettings-and-new-availability-on-tauntons-blackbrook-business-park/#respond Wed, 27 Mar 2019 09:48:32 +0000 https://www.alderking.com/?p=5306 Property consultants Alder King in Taunton have let a trio of office suites on Blackbrook Business Park, Taunton’s most prominent and prestigious office park, and […]

The post Trio of lettings and new availability on Taunton’s Blackbrook Business Park appeared first on Alder King Property Consultants.

]]>
Property consultants Alder King in Taunton have let a trio of office suites on Blackbrook Business Park, Taunton’s most prominent and prestigious office park, and been instructed to market accommodation in another three buildings.

Two suites totalling 5,976 sq ft have been let in Courtenay House, one to Somerset Skills & Learning who have relocated from elsewhere on the park, and the other to the Education Development Trust.  Both suites have been taken on 10 year leases.  Meanwhile, a 1,175 sq ft suite in Blackdown House has been taken by Pardoes Solicitors who have relocated from Creech Castle.

Andrew Maynard, partner in Alder King’s Taunton office, says Blackbrook remains for many the business destination of choice in Somerset.  “The fundamentals of Blackbrook are timeless, with excellent accessibility to the motorway and quality accommodation in a variety of sizes.  There is always an appetite for this and we’re confident these newly available and recently refurbished suites will meet the needs of Somerset occupiers.”

The three newly available office buildings include Harrison House, Monmouth House and Blackbrook Gate 1.  All three provide good quality, flexible open plan accommodation of various sizes and can be split into suites to suit individual occupier requirements.

Harrison House is the largest and most modern of the three buildings, built in 2009 as a head office pre-let for Viridor Waste Management who have subsequently relocated.  Harrison House provides 12,356, sq ft of recently redecorated Grade A accommodation over two floors with 62 car parking spaces.

Monmouth House (pictured), previously occupied by Somerset Waste Partnership, is a two storey detached office providing 5,388 sq ft of accommodation with good car parking.  Alder King’s building consultancy team is undertaking improvements to the accommodation in readiness for a new occupier.

An office suite previously occupied by McCarthy & Stone in Blackbrook Gate 1 is is also available.  The 5,180 sq ft first floor suite is highly visible from the motorway junction and is being completely refurbished by Alder King’s building consultancy team to install new air conditioning, suspended ceilings with LED lighting and redecoration throughout.   Other occupiers in the building include Francis Clark accountants and Clarke Willmott solicitors.

Developed by Summerfield Developments, Blackbrook Business Park provides over 400,000 sq ft of office accommodation in a variety of high quality office buildings.  Clearly visible from the M5 motorway, Blackbrook gives occupiers the opportunity of a high profile position with a reported 16 million vehicle movements a year and access to facilities including a children’s day nursery, Harvester Restaurant, Holiday Inn and Travelodge, a Sainsbury’s superstore and other retailers.

The post Trio of lettings and new availability on Taunton’s Blackbrook Business Park appeared first on Alder King Property Consultants.

]]>
https://www.alderking.com/trio-of-lettings-and-new-availability-on-tauntons-blackbrook-business-park/feed/ 0
Major Bristol logistics site comes to market https://www.alderking.com/major-bristol-logistics-site-comes-to-market/ https://www.alderking.com/major-bristol-logistics-site-comes-to-market/#respond Thu, 21 Mar 2019 10:56:34 +0000 https://www.alderking.com/?p=5278 ScottishPower has announced that it is bringing to the market for sale its commercial landholding in Avonmouth, Bristol. The site at Western Approach, situated alongside […]

The post Major Bristol logistics site comes to market appeared first on Alder King Property Consultants.

]]>
ScottishPower has announced that it is bringing to the market for sale its commercial landholding in Avonmouth, Bristol.

The site at Western Approach, situated alongside the River Severn, is approximately 110 acres and represents one of the largest logistics and industrial development opportunities currently available in the UK, capable of accommodating up to 2 million sq ft of space when detailed planning permission is secured.

Western Approach runs parallel with, and can be accessed from, a new junction on the M49 motorway. It has become a major logistics hub in the last 10 years with over 5.5 million sq ft of warehousing including regional distribution centres for The Range, Amazon, Lidl and Next.

The decision to sell the landholding site, originally planned for a gas-fired power station, follows ScottishPower’s announcement last year that it has become the first integrated energy company in the UK to generate 100% green electricity.

Iberdrola, Scottish Power’s Spanish parent company, said the move was part of its strategy to tackle climate change and would allow the business to invest in renewables and power grids in the UK.

Commercial property agents Avison Young and Alder King have been appointed on the sale of the site in the open market.

The post Major Bristol logistics site comes to market appeared first on Alder King Property Consultants.

]]>
https://www.alderking.com/major-bristol-logistics-site-comes-to-market/feed/ 0
Monmouthshire County Council acquires Newport Leisure Park https://www.alderking.com/monmouthshire-county-council-acquires-newport-leisure-park/ https://www.alderking.com/monmouthshire-county-council-acquires-newport-leisure-park/#respond Thu, 14 Mar 2019 09:37:59 +0000 https://www.alderking.com/?p=5242 Monmouthshire County Council has purchased the freehold of Newport Leisure Park on Spytty Road in Newport for £21 million. The 141,000 sq ft property includes […]

The post Monmouthshire County Council acquires Newport Leisure Park appeared first on Alder King Property Consultants.

]]>
Monmouthshire County Council has purchased the freehold of Newport Leisure Park on Spytty Road in Newport for £21 million.

The 141,000 sq ft property includes a dominant 13-screen Cineworld cinema, xercise4less gym, Home Bargains superstore, Energi Adventure park and a range of restaurants including McDonalds, Burger King, Pizza Hut and Harvester.

The large 11-acre site includes 705 free car spaces and links through to Newport Retail Park and  Tesco Extra on the eastern side of the city.  Large amounts of new housing are being developed in the surrounding area which is also close to the potential new route for the planned M4 link road.

The Park is in a prime location in South Wales and has seen significant new investment in the past three years as well as many new tenants so that it is now fully let.

Alder King’s Cardiff and Bristol offices acted for Monmouthshire, and KLM and Cooke Arkwright acted for Otium on the transaction.

Paul Matthews, CEO of Monmouthshire County Council, said: “ We are pleased to have secured a well-let, long income asset that will provide an excellent annual return for the Council and help us to sustain our wider service delivery portfolio in the years ahead.  Newport Leisure Park serves a large catchment area in South Wales and taps into the long-term demand for experiential consumer spend and leisure activities. It is the latest addition to our commercial investment portfolio following our recent acquisition of Castlegate Business and Science Park.”

Ashley Blake, CEO of Otium Real Estate, said: “We have invested heavily into Newport Leisure Park since acquiring it in 2015.   Five new tenants have joined the offer, the park has been refurbished and existing tenants have enhanced their fit-outs.  We are delighted that Monmouthshire County Council has had the foresight to acquire this asset and that the South Wales area will continue to benefit from this long-term, secure investment following our work to regenerate the park. We have enjoyed the experience of working with Monmouthshire County Council and wish them well for the future.”

The post Monmouthshire County Council acquires Newport Leisure Park appeared first on Alder King Property Consultants.

]]>
https://www.alderking.com/monmouthshire-county-council-acquires-newport-leisure-park/feed/ 0
Alder King announces three promotions https://www.alderking.com/alder-king-announces-three-promotions-2/ https://www.alderking.com/alder-king-announces-three-promotions-2/#respond Thu, 07 Mar 2019 12:07:48 +0000 https://www.alderking.com/?p=5227 Independent property consultancy Alder King has announced three promotions in its Bristol and Exeter offices.  Jonathan Rodaway and Ben St Quintin in Bristol are both […]

The post Alder King announces three promotions appeared first on Alder King Property Consultants.

]]>
Independent property consultancy Alder King has announced three promotions in its Bristol and Exeter offices.  Jonathan Rodaway and Ben St Quintin in Bristol are both promoted to partner while Will Acock in Exeter becomes an associate.

Jonathan Rodaway joined Alder King as a graduate in 2004, working firstly in the office agency department before transferring into the asset recovery team in 2009.  Since then Jonathan has been involved in both volume and commercial recoveries.  As part of his continuing professional development, he became a Fellow of NARA in 2013 and as an RICS Registered Property Receiver is now able to take formal Receivership appointments.

Ben St Quintin joined Alder King’s residential development team in 2014 and over the past five years has successfully delivered a series of high profile transactions including a student scheme at Unity Street in Bristol, a complex brownfield land sale in Frome and the sale of five acres at Soundwell College on behalf of City of Bristol College.  Ben is well-known within the Bristol property and business sector and was President of the Bristol Junior Chamber of Commerce in 2015-16.

Will Acock joined Alder King’s Exeter office from London in 2014 to expand the firm’s lease advisory capability in Devon.  In 2017 he took on a new dual role dealing with agency instructions across all commercial sectors in Devon while continuing to develop his lease advisory service line.  His latest promotion recognises the ongoing success Will has made of this role and his established position in both sectors.

Commenting on the announcement, Martyn Jones, senior partner at Alder King, said: “It always gives me great pleasure to see our staff making the most of the career development opportunities we offer and to see that rewarded with promotions. Jonathan, Ben and Will have made an invaluable contribution to their respective teams and their promotions are very well-deserved.”

Alder King is a top 25 UK property consultancy, providing an award-winning package of services to private and public sector clients on all aspects of commercial property and land.

The post Alder King announces three promotions appeared first on Alder King Property Consultants.

]]>
https://www.alderking.com/alder-king-announces-three-promotions-2/feed/ 0
Bridgwater’s restored concrete castle and development plot for sale https://www.alderking.com/bridgwaters-restored-concrete-castle-and-development-plot-for-sale/ https://www.alderking.com/bridgwaters-restored-concrete-castle-and-development-plot-for-sale/#respond Wed, 06 Mar 2019 11:51:27 +0000 https://www.alderking.com/?p=5219 A newly-restored Grade II* Listed concrete castle in Bridgwater with adjoining development plot is now on the market through Alder King. Castle House on Queen […]

The post Bridgwater’s restored concrete castle and development plot for sale appeared first on Alder King Property Consultants.

]]>
A newly-restored Grade II* Listed concrete castle in Bridgwater with adjoining development plot is now on the market through Alder King.

Castle House on Queen Street in Bridgwater was originally built as a family home in 1851 to resemble a Tudor gatehouse.  It is of major architectural and historical significance, being one of the earliest surviving examples of the use of prefabricated and reinforced concrete.  It includes many ornamental and some structural uses of concrete including the staircase, handrails and window frames.  The property was designated as Grade II* Listed in 1974.

The castle was partly destroyed by fire and had lain empty for many years but in 2002 the SAVE Trust purchased it following a campaign to save it from demolition.  The property was featured on the BBC television series Restoration in 2004.

Funded by grants from Historic England and EDF Energy, the Trust commissioned an internal and external refurbishment to make the property structurally sound.  The property also benefits from planning permission for the conversion of the existing building into three apartments.  A small plot to the left of the property has been prepared for a proposed new build development and car parking.

Andrew Maynard of Alder King’s Taunton office commented: “This is a unique, historically important and highly decorative building which has been successfully restored thanks to the dedication of the SAVE Trust.  The property is now once again structurally sound and now offers an exceptional residential conversion and development opportunity to bring it back to life.”

Alder King is inviting offers in excess of £150,000 for the property.  Interested parties are invited to submit informal tenders by Friday 5th April 2019.  Further information is available via our Property Search.

The post Bridgwater’s restored concrete castle and development plot for sale appeared first on Alder King Property Consultants.

]]>
https://www.alderking.com/bridgwaters-restored-concrete-castle-and-development-plot-for-sale/feed/ 0
Rowe Group sells Birmingham’s Borough Buildings for residential conversion https://www.alderking.com/rowe-group-sells-birminghams-borough-buildings/ https://www.alderking.com/rowe-group-sells-birminghams-borough-buildings/#respond Tue, 05 Mar 2019 16:54:54 +0000 https://www.alderking.com/?p=5200 The Rowe Group has completed the sale of Borough Buildings, 58-72 John Bright Street in Birmingham to the London Development Group for £2 million. The […]

The post Rowe Group sells Birmingham’s Borough Buildings for residential conversion appeared first on Alder King Property Consultants.

]]>
The Rowe Group has completed the sale of Borough Buildings, 58-72 John Bright Street in Birmingham to the London Development Group for £2 million.

The 20,500 sq ft building was originally developed in 1909 as a purpose- built showroom. It comprises a basement, ground and three upper floors and was most recently used for offices before securing prior consent for conversion to 33 residential units.

Alder King LLP acted for the vendor.

The post Rowe Group sells Birmingham’s Borough Buildings for residential conversion appeared first on Alder King Property Consultants.

]]>
https://www.alderking.com/rowe-group-sells-birminghams-borough-buildings/feed/ 0
HMRC takes possession of Bristol’s 3 Glass Wharf https://www.alderking.com/hmrc-takes-possession-of-bristols-3-glass-wharf/ https://www.alderking.com/hmrc-takes-possession-of-bristols-3-glass-wharf/#respond Mon, 04 Mar 2019 12:06:51 +0000 https://www.alderking.com/?p=5185 HM Revenue and Customs (HMRC) has taken possession of the first of its new state of the art regional office centres at 3 Glass Wharf  […]

The post HMRC takes possession of Bristol’s 3 Glass Wharf appeared first on Alder King Property Consultants.

]]>
HM Revenue and Customs (HMRC) has taken possession of the first of its new state of the art regional office centres at 3 Glass Wharf  at Temple Quay in Bristol from developer Salmon Harvester Properties Ltd (SHP).

HMRC took a pre-let from SHP for the entire 107,000 sq ft office space at 3 Glass Wharf in November 2016 and the 100 week construction programme to CAT A finish practically completed last month.

3 Glass Wharf, a £75 million project, was forward funded by Legal & General and Wates Construction Ltd was appointed main building contractor.

Rorie Henderson, Director at SHP, said: “The stakeholder team on this project – HMRC, Legal & General, Wates Construction, SHP and our professional team – have done a terrific job in delivering this project from a bare site in 2016 to a state of the art BREAAM excellent office HQ in Q1  2019.  The 100-week programme was ambitious, but the project hit all its targets and has been fun to work on.  The Darling Architect-designed scheme is a welcome addition to the Bristol office market and will be a fantastic new hub for HMRC.”

The project is the first of the 13 new regional HMRC Government Hub office developments throughout the UK between 2016 and 2018 to be signed and now completed.  Gareth Dawkins of HMRC confirmed that HMRC’s fit out is now underway and the building is scheduled to be operational in Q2 2019.

Salmon Harvester presented the Financial Secretary to the Treasury, Mel Stride, with a ceremonial key at the handover ceremony last week.  At the ceremony Financial Secretary to the Treasury, Mel Stride MP, said:

“This is a significant milestone for HMRC which will bring together more than 1,600 colleagues into one central location.  The department has a large and long-established presence in the South West and the new regional centre in Bristol demonstrates its commitment to the region and its economy.  I am pleased to accept this ceremonial key on behalf of HMRC and look forward to returning when the building opens later this year.”

Derek Gilby, Senior Fund Manager at Legal & General said: “We are delighted to be a stakeholder in the 3 Glass Wharf project with forward funding coming from Legal & General Retirement.  This was our first deal of now many with HMRC for their new UK office programme, matching our commitment to securing the pensions of LGR’s members through high-quality long-term investments. We are proud to have played our part in securing this investment which has had a meaningful impact on the regeneration of this area of the city.”

HMRC was represented by BNP Baribas and Salmon Harvester Properties by Alder King and Hoddell Stotesbury Morgan. Legal & General was advised by Morgan Williams.

Notes to Editor

  1. The building is taken on a 25-year lease on 107,000 sq ft offices – the ground floor also comprises circa 6,000 sq ft of retail / restaurant space now on the market through Alder King.
  2. HMRC is investing in the best of modern technology basing its people in state-of-the-art and more cost-efficient buildings as it creates more modern customer services and makes it harder for the dishonest minority to cheat the system.
  3. Its sister development 2 Glass Wharf (also developed by SHP) has won a number of awards and we expect 3 Glass Wharf to be an exemplar development.
  4. The Government Property Agency (GPA), part of the Cabinet Office, is working with government departments to drive efficiencies for the taxpayer, boost the UK economy by freeing up much needed land and property and provide a modern working environment for civil servants
  5. Legal & General Investment Management Real Assets (LGIM Real Assets) on behalf of Legal & General Retirement is forward funding the development where The Secretary of State for Communities and Local Government pre-let the entire office element on behalf of HMRC.
  6. Salmon Harvester Properties Ltd is a joint venture trader developer set up in 1994 between Salmon Developments Ltd and NFU Mutual.

The post HMRC takes possession of Bristol’s 3 Glass Wharf appeared first on Alder King Property Consultants.

]]>
https://www.alderking.com/hmrc-takes-possession-of-bristols-3-glass-wharf/feed/ 0
‘Position of strength’ sees Alder King top the EG South West Most Active Agent table for 18th year consecutive year https://www.alderking.com/position-of-strength-sees-alder-king-top-the-eg-south-west-most-active-agent-table-for-18th-year-consecutive-year/ https://www.alderking.com/position-of-strength-sees-alder-king-top-the-eg-south-west-most-active-agent-table-for-18th-year-consecutive-year/#respond Mon, 04 Mar 2019 11:31:23 +0000 https://www.alderking.com/?p=5179 Property consultancy Alder King has retained its title as the South West’s Most Active Agent for the 18th year in succession.  As well as winning […]

The post ‘Position of strength’ sees Alder King top the EG South West Most Active Agent table for 18th year consecutive year appeared first on Alder King Property Consultants.

]]>
Property consultancy Alder King has retained its title as the South West’s Most Active Agent for the 18th year in succession.  As well as winning the overall title, the firm also achieved ‘unassailable’ leads in the office and industrial sectors.

The annual deals competition is run by leading property publication Estates Gazette which commented: “A baby born at the start of Alder King’s winning streak would now be old enough to vote, such is the regional specialist’s position of strength.  Once again it was unassailable in the office and industrial markets.”

The rankings present a comprehensive breakdown of 2018’s full-year transaction volumes across all areas of the UK and across all major use types.

Simon Price, head of agency at Alder King, commented: “Winning the overall title for the 18th time is a wonderful accolade and something no other firm in England has achieved.  Despite our fantastic winning streak, we are never complacent about this competition.

“We are very grateful to all our clients who entrust us to handle their property requirements and proud of our teams for the quality of advice, property intelligence and customer service that they provide to clients.

“Last year we were involved in many of the region’s largest and most significant transactions, acting for landlords and developers as well as occupiers looking to acquire space in a highly competitive market.

“These include Bristol’s largest transaction of 2018 – UWE’s acquisition of two buildings from Hewlett Packard totalling circa 148,000 sq ft (pictured above), the pre-sale of a 180,000 sq ft manufacturing facility for Dowty Propellers on Gloucester Business Park for Arlington and over 15 disposals at the Paintworks in Bristol’s Temple Quarter Enterprise Zone, most of which were on Phase 3.

“Prospects for 2019 look very encouraging with more high profile transactions in the pipeline despite tightening supply in many locations.  We look forward to building further on our market-leading position.”

The post ‘Position of strength’ sees Alder King top the EG South West Most Active Agent table for 18th year consecutive year appeared first on Alder King Property Consultants.

]]>
https://www.alderking.com/position-of-strength-sees-alder-king-top-the-eg-south-west-most-active-agent-table-for-18th-year-consecutive-year/feed/ 0
Swimming from pier to pier for Motor Neurone Disease Association https://www.alderking.com/swimming-from-pier-to-pier-for-motor-neurone-disease-association/ https://www.alderking.com/swimming-from-pier-to-pier-for-motor-neurone-disease-association/#respond Wed, 13 Feb 2019 11:20:46 +0000 http://www.alderking.com/?p=5106 Twenty members of staff in our Bristol office are taking part in a challenging open water swim this summer to raise money for our chosen […]

The post Swimming from pier to pier for Motor Neurone Disease Association appeared first on Alder King Property Consultants.

]]>
Twenty members of staff in our Bristol office are taking part in a challenging open water swim this summer to raise money for our chosen charity of the year, the Motor Neurone Disease Association.

Many of the team have limited or no experience of open water swimming but have gamely put themselves forward to take part in the Bournemouth Pier to Pier Sunset Swim on Saturday 13th July 2019.  The event involves a 1.4 mile swim from Bournemouth to Boscombe Pier.

Motor neurone disease is a particularly despicable disease which sadly has touched the lives of a number of the team at Alder King.  We are therefore delighted to be trying to raise funds for such a worthwhile cause.

There is already lots of banter in the office over training regimes and the best buoyancy aids!

We would welcome sponsorship of any size to help us reach our target of £2,500.

Please visit our JustGiving page to show your support.

Thank you from all the team at Alder King.

About Motor Neurone Disease:

Motor neurone disease (MND) is a fatal, rapidly progressing neurological condition affecting up to 5,000 adults in the UK at any one time. The disease causes messages from nerves (motor neurones) in the brain and spinal cord that control movement to gradually stop reaching the muscles, leading them to weaken, stiffen and waste.

The result is that people become locked in a failing body, unable to move, talk and eventually breathe. Some may experience changes in thinking and behaviour, with a proportion experiencing a rare form of dementia. MND does not usually affect senses such as sight, sound and feeling.

MND kills a third of people within a year and more than half within two years of diagnosis. It affects all communities, with a person’s lifetime risk of developing MND around 1 in 300. Today six people will be diagnosed and six will die from MND. There is no cure.

 

The post Swimming from pier to pier for Motor Neurone Disease Association appeared first on Alder King Property Consultants.

]]>
https://www.alderking.com/swimming-from-pier-to-pier-for-motor-neurone-disease-association/feed/ 0
Planning permission will enable sympathetic restoration of Wellington’s Cornhill Terrace https://www.alderking.com/planning-permission-will-enable-sympathetic-restoration-of-wellingtons-cornhill-terrace/ https://www.alderking.com/planning-permission-will-enable-sympathetic-restoration-of-wellingtons-cornhill-terrace/#respond Mon, 11 Feb 2019 11:51:53 +0000 http://www.alderking.com/?p=5099 Alder King Planning Consultants, acting on behalf of Freemantle Developments Limited, have secured a resolution to grant planning permission for backland development in the heart […]

The post Planning permission will enable sympathetic restoration of Wellington’s Cornhill Terrace appeared first on Alder King Property Consultants.

]]>
Alder King Planning Consultants, acting on behalf of Freemantle Developments Limited, have secured a resolution to grant planning permission for backland development in the heart of Wellington in Somerset.

Planning permission was granted at Taunton Deane Borough Council’s planning committee for the erection of 34 new build dwellings and Listed Building Consent for the conversion, alteration and extension of number 3 Cornhill to create four flats and the conversion of numbers 4-6 Cornhill to provide four town houses.

Mark Cullen, principal planner at Alder King, said: “The Cornhill terrace, a valuable heritage asset in Wellington, is in a very poor state of repair.  The development proposals will enable its sympathetic restoration and enhance the character and appearance of the conservation area.  This was seen by committee members as a clear benefit weighing in favour of development proposals.”

Alder King entered into detailed pre-application discussions with the Council over a period of several months to develop the scope, design and layout of the planning application.  Following submission of the planning application to the Council in August last year, close collaboration with the Council’s technical officers resulted in further design improvements to the scheme which were carefully balanced against scheme viability.  Freemantle also engaged with the South West Design Review Panel which was supportive of the project’s aspirations.

In its assessment of the application, the Council recognised the substantial benefits the scheme would have by reinvigorating Cornhill, contributing much-needed housing in a sustainable location, adding useful new local pedestrian connections for both existing and future residents and regenerating the town.  On the basis of no technical objections restricting development in this location, Taunton Deane’s planning committee voted in favour of the officer’s recommendation for approval.

The post Planning permission will enable sympathetic restoration of Wellington’s Cornhill Terrace appeared first on Alder King Property Consultants.

]]>
https://www.alderking.com/planning-permission-will-enable-sympathetic-restoration-of-wellingtons-cornhill-terrace/feed/ 0
The 2018 Residential Land Market https://www.alderking.com/the-2018-residential-development-land-market/ https://www.alderking.com/the-2018-residential-development-land-market/#respond Thu, 07 Feb 2019 14:11:36 +0000 http://www.alderking.com/?p=5071 By Chris Haworth There was limited growth in South West house prices in 2018, with average annual growth of 1-3% across the region.  Growth was […]

The post The 2018 Residential Land Market appeared first on Alder King Property Consultants.

]]>
By Chris Haworth

There was limited growth in South West house prices in 2018, with average annual growth of 1-3% across the region.  Growth was restrained by affordability, rising interest rates, uncertainty around Brexit and, with respect to higher value properties, SDLT.

Residential commentators and analysts are forecasting five year house price growth in the South West of 10-15% (compounded), with most of that growth forecast to be in years 3-5.  Immediate growth prospects are flat or very low.

On the other side of the ‘land value equation’, build costs are either matching or outstripping house price growth and housebuilders are increasing their margins which has the potential to put downward pressure on residential land prices.

The emergence of new entrants to the market, in particular housing associations, coupled with demand for different housing tenure models, is sustaining residential land values for good quality sites, although prices for secondary and tertiary sites are under pressure.  For example we recently completed the sale of land for 146 dwellings in Yatton to a leading regional housing association in a highly competitive process including several PLC housebuilders.

Despite the current market uncertainties, there is still a shortage of housing in many parts of our region.  There is good demand and competition for residential sites in the main cities across the South West and South Wales and also towns in close proximity to a M4/M5 motorway junction.

Demand remains high for strategic land delivering development over the next 3-5 years and beyond, particularly land available through options or promotion agreements. Current uncertainty around Brexit has not impacted on these types of transactions as developers and promoters are taking a medium to long term view on the market remaining buoyant. The Publication Draft of the JSP for the West of England has been submitted to the Planning Inspectorate and an Examination in Public is scheduled for this summer.

The care and retirement living markets remain very strong, with numerous specialist developers particularly acquisitive for sites in established residential locations.  However, proposed legislative changes relating to leasehold ground rents and onsite affordable housing have the potential to disrupt this sector of the market.  We are providing development viability advice on a large number of schemes for leading retirement property developers.

Taken from Alder King Market Monitor 2019

If you’d like an informal conversation about your land, please contact Chris on 0117 317 1000.

The post The 2018 Residential Land Market appeared first on Alder King Property Consultants.

]]>
https://www.alderking.com/the-2018-residential-development-land-market/feed/ 0
Plans submitted for new 30,000 sq ft warehouse at Exeter’s Matford Green Business Park https://www.alderking.com/plans-submitted-for-new-30000-sq-ft-warehouse-at-exeters-matford-green-business-park/ https://www.alderking.com/plans-submitted-for-new-30000-sq-ft-warehouse-at-exeters-matford-green-business-park/#respond Mon, 04 Feb 2019 11:37:00 +0000 http://www.alderking.com/?p=5057 With over 20 acres of prime employment land at Matford Green Business Park in Exeter now built out for the automotive sector, attention has been […]

The post Plans submitted for new 30,000 sq ft warehouse at Exeter’s Matford Green Business Park appeared first on Alder King Property Consultants.

]]>
With over 20 acres of prime employment land at Matford Green Business Park in Exeter now built out for the automotive sector, attention has been turned to delivering much needed warehouse and trade counter space to the market on the remaining six acres.

Detailed plans have been submitted to Exeter City Council for Phase 3 of the development for a new 30,000 sq ft building, capable of sub-division in to four units from 7,500 sq ft.

The scheme has achieved huge success in attracting new car showroom operators to Matford Green, with Vospers’ multi franchise dealership due to open shortly. They will join Audi, Toyota, Lexus, VW and Landrover Jaguar on one of the highest profile dealership locations in the South West.

Noel Stevens, of Alder King in Exeter, said: “With industrial supply at historically low levels, the market is crying out for quality accommodation. This development will suit local, regional and national occupiers and add to the success of Matford Green Business Park.

“Planning has been submitted and we’re looking to have the building completed by the end of the year.  There will remain a final development phase of approximately four acres.”

The post Plans submitted for new 30,000 sq ft warehouse at Exeter’s Matford Green Business Park appeared first on Alder King Property Consultants.

]]>
https://www.alderking.com/plans-submitted-for-new-30000-sq-ft-warehouse-at-exeters-matford-green-business-park/feed/ 0
Market Monitor 2019 shows another year of robust take-up and record rental growth https://www.alderking.com/commercial-property-market-delivers-another-year-of-robust-take-up-and-record-rental-growth/ https://www.alderking.com/commercial-property-market-delivers-another-year-of-robust-take-up-and-record-rental-growth/#respond Thu, 24 Jan 2019 17:35:30 +0000 http://www.alderking.com/?p=5015 The South West commercial property market defied Brexit uncertainties last year to deliver another robust performance across the business space arena, says Alder King in […]

The post Market Monitor 2019 shows another year of robust take-up and record rental growth appeared first on Alder King Property Consultants.

]]>
The South West commercial property market defied Brexit uncertainties last year to deliver another robust performance across the business space arena, says Alder King in its latest Market Monitor report.

The report shows office take-up across nine key South West centres including Bristol, Exeter and Gloucester was up 8.5% on the previous year, from 1.7 million sq ft to 1.86 million sq ft.  Conversely, the region’s industrial market reported a decrease in take-up at 3.8 million sq ft, down on the 5 million sq ft in 2017.

Although stock levels in both markets steadied last year, the supply of Grade A and secondary office and industrial space remains at a historic low.  It was this, rather than any crisis of confidence, that impacted on take-up in some locations.

The tight supply led to increases in capital values and rents in Bristol, Cardiff, Exeter, Gloucester and Swindon.  Further income-led growth is expected in 2019.

Demand for investment opportunities also remained firm in 2018, with circa £1 billion of assets transacted in the region’s key centres, down from £1.5 million in 2017.  The industrial/logistics sector was once again the standout performer with unprecedented yields being achieved.

Simon Price, head of agency at Alder King, says occupiers and investors will find the market highly competitive in the year ahead: “Despite the supply/demand imbalance, the appetite for speculative development remains subdued, meaning occupiers looking for quality space will need to be flexible regarding timing and location.  Investors will also have to compete for the limited opportunities that come to market in 2019.”

 

Office Sector Review

2018 office take-up in Bristol, Exeter, Gloucester, Bath, Bridgwater, Plymouth, Swindon, Taunton and Truro was up 8.5% on the previous year, from 1.7 million sq ft to 1.86 million sq ft.

Bristol office take-up was broadly consistent with 2017’s total of just over 1 million sq ft at 931,000 sq ft.  The city’s co-working/serviced office operators led take-up in the city centre, with significant transactions to Runway East at 1 Victoria, Desklodge at Unum House and Ethical Property Company at Phase 3 of the Paintworks.  Out of town, Bristol’s largest office transaction last year was UWE’s acquisition of 148,000 sq ft in two buildings from Hewlett Packard.

Both the city centre and out of town markets are now suffering from a severe shortage of Grade A space, yet there’s only one new office scheme currently under construction.  Royal London’s 90,000 sq ft Distillery scheme at Glassfields will complete in 2020.  AXA recently announced it would commence speculative construction at the Assembly scheme in Q1 2019.  This leaves occupiers with limited choice of immediately available Grade A office space.  The limited supply saw rental growth in both the city centre and out of town.  Lettings at Aurora led the way, setting a new city centre rental high of £34.50 per sq ft, up from £32.50, while the recently refurbished 600 Aztec West is now quoting £24 per sq ft.

Gloucester and Exeter’s office markets also performed particularly strongly last year, recording increases of 52% and 19% on 2017’s figures.

At 220,000 sq ft, Gloucester’s office take-up was its highest level for some years, buoyed by Ecclesiastical Insurance’s plans to relocate to a new 65,000 sq ft building at Arlington’s Gloucester Business Park.  Horizon Energy continued its expansion, acquiring a further 14,300 sq ft of Grade A space, while out of town there were several notable city centre deals.  Supply of Grade A and secondary space remains at very low levels, leading to a second consecutive annual increase in rents for Grade A out of town space to £21.50 per sq ft.

Exeter’s office market recorded annual take-up of 199,000 sq ft.  The city saw new stock coming to the market, most notably St Modwen’s 17,142 sq ft speculative building One Tiger Moth Road.  The first floor was let on completion at a record rent of £19.50 per sq ft.  A second floor has now been let at £20 per sq ft, setting a new headline rent for the city.  Some good quality refurbished secondary stock, principally on Pynes Hill, became available and was quickly taken up, dampening the appetite for new build.  Rents increased throughout the year and £16 per sq ft is now the accepted level for good quality secondary space.

Industrial Sector Review

Take-up of industrial space across the region was 3.9 million sq ft, down 23% on last year’s total of 5 million sq ft.  Activity was constrained by a lack of quality supply rather than a lack of confidence by occupiers.

Bristol’s industrial market saw a dramatic 45% fall in industrial take-up, from 2.9 million sq ft in 2017 to 1.6 million sq ft in 2018, due to a lack of large scale speculative development and immediately available modern buildings.  The prospects for 2019 look more promising, with over 700,000 sq ft of speculative development now underway at Access 18 in Avonmouth, Central Park, Vertex Park and Warmley Business Park.

Manufacturing powerhouse Gloucester bucked the regional trend, recording a 30% increase in demand for industrial space compared to 2017.  Three large new buildings were delivered for manufacturing businesses at Arlington’s Gloucester Business Park including TBS Engineering, G-TEKT and Dowty Propellers.  Rents for new build space have increased to £7 per sq ft and further upward pressure on rents is likely this year.

Exeter saw a decline in industrial take-up last year, but as with other centres the market is characterised by a lack of supply, with no new build coming to market and very little secondary stock.  There is however a groundswell of demand which will lead to new development in 2019 which will help unlock the market.

 

Alder King’s Market Monitor 2019 provides a summary of the commercial property market in Bristol, Cardiff, Exeter, Gloucester, Bath, Bridgwater, Newport, Plymouth, Swindon, Taunton and Truro.

The post Market Monitor 2019 shows another year of robust take-up and record rental growth appeared first on Alder King Property Consultants.

]]>
https://www.alderking.com/commercial-property-market-delivers-another-year-of-robust-take-up-and-record-rental-growth/feed/ 0
Planning permission granted for greenfield residential development in Broadway, Somerset https://www.alderking.com/planning-permission-granted-for-greenfield-residential-development-in-broadway-somerset/ https://www.alderking.com/planning-permission-granted-for-greenfield-residential-development-in-broadway-somerset/#respond Wed, 16 Jan 2019 14:48:37 +0000 http://www.alderking.com/?p=4982 Alder King Planning Consultants, acting on behalf of Freemantle Developments Limited, have secured a resolution to grant planning permission from South Somerset District Council for […]

The post Planning permission granted for greenfield residential development in Broadway, Somerset appeared first on Alder King Property Consultants.

]]>
Alder King Planning Consultants, acting on behalf of Freemantle Developments Limited, have secured a resolution to grant planning permission from South Somerset District Council for a 35 unit residential development on a greenfield site on the edge of Broadway in Somerset.

The outline application, with all matters reserved aside from access, follows extensive discussion and collaboration with statutory consultees and officers at the Council, including Broadway Parish Council, the Council’s independent highways consultant and Somerset County Council highways department.

This application follows a previous outline application for 46 dwellings which was withdrawn following concerns raised in regard to the scale of development, harm to the character and appearance of the area, harm to ecological interests, impact on trees, and highway and pedestrian safety issues. All these issues were overcome as part of the latest application.

Mark Cullen, principal planner at Alder King, commented: “As all other matters are reserved, we will now work up detailed plans for this rural development, taking into account the constraints and opportunities presented by the site, in particular ecology, arboriculture and highways.”

In his assessment, the District Council planning officer recommended the plan for approval, considering Broadway to be a sustainable settlement that benefits from a number of local services and facilities, including a primary school, doctor’s surgery, village hall and public house, thus meeting the criteria under Policy SS2 of the Local Plan for allowing development in rural settlements.

The post Planning permission granted for greenfield residential development in Broadway, Somerset appeared first on Alder King Property Consultants.

]]>
https://www.alderking.com/planning-permission-granted-for-greenfield-residential-development-in-broadway-somerset/feed/ 0
Local authorities boost real estate investment https://www.alderking.com/local-authorities-boost-real-estate-investment/ https://www.alderking.com/local-authorities-boost-real-estate-investment/#respond Fri, 09 Nov 2018 09:52:10 +0000 http://www.alderking.com/?p=3779 Last year’s trend of local authorities across the UK investing in commercial real estate has continued into 2018 with multiple acquisitions across the South West […]

The post Local authorities boost real estate investment appeared first on Alder King Property Consultants.

]]>
Last year’s trend of local authorities across the UK investing in commercial real estate has continued into 2018 with multiple acquisitions across the South West and Wales.

So far in 2018, local authority investment in commercial real estate has totalled circa £1.8 billion, reflecting 4.5% of the total value of UK transactions (Source: Property Data).

Some recent examples include:

  • Torbay Borough Council’s purchase of Woodwater House in Exeter for £9.3 million / 6.69% NIY
  • Torbay Borough Council’s purchase of Twyver House in Gloucester for £11.8 million / 5.6% NIY
  • Monmouthshire County Council’s acquisition of Castlegate Business Park in Caldicot (see inset right)
  • Bath & North East Somerset Council’s acquisition of Buildings 560 & 610 Bristol Business Park for £9.04 million / 5.73% NIY
  • West Devon Council’s purchase of Bristol House in Bristol for £12 million / 5.18% NIY
  • Plymouth City Council’s acquisition of Derrys Cross for £17.25 million / 5.2% NIY
  • Plymouth City Council’s purchase of Breakwater Industrial Estate for £19.25 million / 5.9% NIY

So what is driving the trend?

Following a reduction in funding from central government, local authorities have been taking advantage of low cost borrowing available via the Public Works Loan Board to purchase income-producing commercial real estate, generating a net income surplus to supplement their income.

Local authorities have adopted various investment strategies, with some limiting their geographic search to their own administrative boundary whilst others have adopted a much more flexible approach.

Local authority investment “off-patch” appears to be a growing trend, representing an estimated 40% of transactions in 2018. The sole motivation for this is to provide an income surplus and has tended to garner a greater level of public scrutiny.

Investment within a local authority’s administrative boundary can deliver both an income surplus and/or a wider social/economic benefit eg facilitate regeneration, protect or create employment and stimulate economic growth.  This type of investment has therefore tended to be much easier to justify.

Through our regional network of offices, we are uniquely placed to provide expert insightful advice to local authorities seeking to invest in the South West and Wales.

The post Local authorities boost real estate investment appeared first on Alder King Property Consultants.

]]>
https://www.alderking.com/local-authorities-boost-real-estate-investment/feed/ 0
Monmouthshire County Council broadens commercial property portfolio https://www.alderking.com/monmouthshire-county-council-broadens-commercial-property-portfolio/ https://www.alderking.com/monmouthshire-county-council-broadens-commercial-property-portfolio/#respond Wed, 03 Oct 2018 09:16:54 +0000 http://www.alderking.com/?p=2140 Monmouthshire County Council has acquired Castlegate Business Park in Caldicot from Robert Hitchins Ltd for an undisclosed sum. The business park sits on a 17 […]

The post Monmouthshire County Council broadens commercial property portfolio appeared first on Alder King Property Consultants.

]]>
Monmouthshire County Council has acquired Castlegate Business Park in Caldicot from Robert Hitchins Ltd for an undisclosed sum.

The business park sits on a 17 acre landscaped site on the eastern edge of Caldicot and provides 220,000 sq ft of premium business space.

The acquisition is the latest move in the Council’s thoughtful build out of a commercial portfolio. It consolidates a key strategic site at the gateway to South East Wales and demonstrates a commitment to the continued regeneration of Caldicot.

It supplements recent ventures including the establishment of a livestock market near Raglan, a solar farm in Crick and provision of Grade A office accommodation for commercial let on Wales 1 Business Park in Magor.

Councillor Bob Greenland, Cabinet Member for Enterprise, said “I am delighted that we have been able to complete this deal. The acquisition helps take forward a number of our strategic goals and is a clear demonstration to investors nationally and internationally that Monmouthshire is a great place to do business.

“Monmouthshire County Council has never been afraid to take a commercial approach, to innovate and be creative where it helps us promote the vitality of our county and this is a path that we will continue to follow.”

Simon Tothill, Property and Development Director of Robert Hitchins Ltd, added: “Having implemented a successful asset management strategy over a number of years, Castlegate Business Park is close to full occupation and plays an important role in the local economy.

“The sale to Monmouthshire County Council made sense and the council is well positioned to benefit from an attractive rental stream whilst investing in its own region.

“This sale fits with Robert Hitchins’ ongoing investment strategy with money released from this sale allowing us to reinvest in existing assets and new developments throughout South Wales.”

Alder King LLP represented Monmouthshire County Council and JLL represented Robert Hitchins Ltd.  Alder King is retained by Monmouthshire County Council to advise on future investment acquisitions within the administrative boundary.

The post Monmouthshire County Council broadens commercial property portfolio appeared first on Alder King Property Consultants.

]]>
https://www.alderking.com/monmouthshire-county-council-broadens-commercial-property-portfolio/feed/ 0
Alder King wins Gloucestershire’s Most Active Agent competition https://www.alderking.com/alder-king-wins-gloucestershires-most-active-agent-competition/ https://www.alderking.com/alder-king-wins-gloucestershires-most-active-agent-competition/#respond Fri, 28 Sep 2018 09:22:59 +0000 http://www.alderking.com/?p=2144 Alder King’s Gloucester office, which has been responsible for many of the county’s major commercial property transactions, has been named as Gloucestershire’s Most Active Property […]

The post Alder King wins Gloucestershire’s Most Active Agent competition appeared first on Alder King Property Consultants.

]]>
Alder King’s Gloucester office, which has been responsible for many of the county’s major commercial property transactions, has been named as Gloucestershire’s Most Active Property Agent for the 11th year in succession by property publication Estates Gazette.

The team, which is based at Gloucester Business Park, won the award for completing the highest number of deals in the county over the past year, competing against other local and national property consultants in the region.

The firm’s joint head of office and partner Adrian Rowley was also crowned the county’s top dealmaker for the fourth year in a row.

He said: “The Gloucestershire commercial property market has performed well year-on-year and the past year has been no exception.  There has been a healthy level of take-up and rents and capital values in the office and industrial sectors have risen, in some instances significantly.

“While supply remains tight, there has been a sufficient level of new-build development to ensure that the momentum in the market can continue.”

The post Alder King wins Gloucestershire’s Most Active Agent competition appeared first on Alder King Property Consultants.

]]>
https://www.alderking.com/alder-king-wins-gloucestershires-most-active-agent-competition/feed/ 0