Alder King Property Consultants https://www.alderking.com Thu, 22 Aug 2019 15:45:43 +0000 en-GB hourly 1 Proposals submitted for redevelopment of Silverthorne Lane in Bristol https://www.alderking.com/proposals-submitted-for-redevelopment-of-silverthorne-lane-in-bristol/ https://www.alderking.com/proposals-submitted-for-redevelopment-of-silverthorne-lane-in-bristol/#respond Thu, 22 Aug 2019 15:45:43 +0000 https://www.alderking.com/?p=5868 Alder King Planning Consultants have submitted major development proposals for the regeneration of a 4.2 hectare site on Silverthorne Lane in Bristol’s Temple Quarter. The […]

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Alder King Planning Consultants have submitted major development proposals for the regeneration of a 4.2 hectare site on Silverthorne Lane in Bristol’s Temple Quarter.

The planning application, submitted on behalf of Square Bay, proposes new accommodation for the University of Bristol, a 1,600 pupil secondary school, new homes, student accommodation, office space and associated leisure uses. The proposals also include the restoration of a number of derelict listed buildings.

Matthew Halstead, partner at Alder King says: “This is an absolutely fantastic project to be involved in and one that will completely transform this part of Bristol Temple Quarter.  A great deal of time and effort has been spent working with the Council and other key stakeholders to design the proposals, which I am confident will create a new vibrant and exciting development for Bristol.”

Silverthorne Lane has been allocated by Bristol City Council for redevelopment with a variety of uses as part of its plans to regenerate Bristol Temple Quarter as an enterprise zone.  It is anticipated that the development proposals will create £375 million GVA and circa 4,350 jobs for the local area as well as providing 367 new homes.

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Newly refurbished office space let to recruitment business https://www.alderking.com/newly-refurbished-office-space-let-to-recruitment-business/ https://www.alderking.com/newly-refurbished-office-space-let-to-recruitment-business/#respond Wed, 21 Aug 2019 11:56:29 +0000 https://www.alderking.com/?p=5863 The Bristol branch of independent recruitment company, Interaction Recruitment has relocated to larger and more prominent premises in the heart of the city’s Broadmead shopping […]

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The Bristol branch of independent recruitment company, Interaction Recruitment has relocated to larger and more prominent premises in the heart of the city’s Broadmead shopping area.

The branch, which specialises in commercial, construction, driving, finance, industrial and IT sector opportunities, has leased the second floor suite at 42 Union Street, above the corner Pret a Manger unit.

The accommodation had previously been used as a hair salon and tattoo studio for many years and recently underwent a comprehensive refurbishment to create good quality office space. The refurbishment included a complete strip out, redecoration of the access staircase, new front entrance doors, exposed mechanical services, suspended LED light fittings, metal skirting trunking, painted plastered walls and ceiling finishes and a carpet floor finish. New WCs and a kitchen were also installed as part of the programme.

Alder King’s office agency team secured the letting of the 1,200 sq ft suite on a new 10 year lease on behalf of clients of Fletcher King.

Rebecca Harries of Alder King said: “This suite is very well-located in the heart of Broadmead, making access convenient for staff, clients and candidates.  The accommodation is now open plan and looks great following the refurbishment. The suite is highly prominent and has excellent natural light, with a wall of windows overlooking the junction of Broadmead and Union Street.”

Interaction Recruitment is one of the UK’s fastest growing independent recruitment businesses, operating through a growing network of 25 locations nationwide.  The Bristol office was previously based at Marsh Street and they have relocated as part of their growth programme.

Andrew Gilchrist, MD of Interaction said “These are fabulous premises and my Bristol team are so excited. I have to thank Rebecca Harries and her team for their professional approach, and the landlord for going above and beyond in the refurbishment works.”

Interaction Recruitment were unrepresented in the transaction.

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Gloucester’s Speedy Hire unit sold to private investor for £1.9 million https://www.alderking.com/gloucesters-speedy-hire-unit-sold-to-private-investor-for-1-9-million/ https://www.alderking.com/gloucesters-speedy-hire-unit-sold-to-private-investor-for-1-9-million/#respond Thu, 01 Aug 2019 13:35:37 +0000 https://www.alderking.com/?p=5690 City Monument Properties, advised by Alder King, has sold the freehold of the Speedy Hire unit on Gloucester’s Goodridge Trading Estate for £1.9 million, representing […]

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City Monument Properties, advised by Alder King, has sold the freehold of the Speedy Hire unit on Gloucester’s Goodridge Trading Estate for £1.9 million, representing a net initial yield of 5.62%.

The industrial unit has been acquired by a private investor represented by Warwick Martel.

The property is let to Speedy Asset Services on a new 10 year lease agreed in March 2019 at a rent of £113,500 per annum.

Located in an established commercial area in Quedgeley, the 18,923 sq ft property occupies a site area of 1.95 acres, giving a very low site cover of 22%.  The single storey detached unit includes integral offices, five roller doors and a large surfaced yard to the front and side of the building.

Lucy Costain, associate in Alder King’s investment team, commented: “Demand for good quality investment opportunities across the South West remains high, with activity only constrained by the limited number of opportunities coming to market.

“This disposal was timed to capitalise on the particular demand for industrial assets with long-term income potential, and with the benefit of a new 10 year lease agreed in March, we were able to dispose of this low-density property for a price in excess of the guide price.”

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1.7 million sq ft of new industrial space powers South West commercial property market https://www.alderking.com/1-7-million-sq-ft-of-new-industrial-space-powers-south-west-commercial-property-market/ https://www.alderking.com/1-7-million-sq-ft-of-new-industrial-space-powers-south-west-commercial-property-market/#respond Wed, 10 Jul 2019 14:28:41 +0000 https://www.alderking.com/?p=5653 Newly completed industrial and logistics schemes in Bristol, Exeter, Gloucester, Swindon, Taunton and Truro are powering activity in the region’s commercial property market, say property […]

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Newly completed industrial and logistics schemes in Bristol, Exeter, Gloucester, Swindon, Taunton and Truro are powering activity in the region’s commercial property market, say property consultants Alder King in its latest Market Monitor report.

Developers including Chancerygate, St Modwen, Trebor and Richardson Barberry have injected over 1.7 million sq ft of new industrial accommodation into the market across the region, providing businesses with much-needed expansion opportunities.

Industrial take-up across the region in the first half of 2019 totalled 2.09 million sq ft, up 27% from 1.6 million sq ft in the same period last year. The increase was partly due to some significant transactions in Swindon, where industrial rents have risen from £7 to £7.50 per sq ft, and a growing number of pre-lets and pre-sales on newly developed space.

The region’s office market was more subdued, constrained once again by a lack of supply and, in some sectors such as financial and professional services, by the continuing political and economic uncertainty.  Half-year take-up reached 740,000 sq ft, its lowest mid-year figure for seven years.  However a number of sizeable transactions are in solicitors’ hands and should boost the total in the second half of the year.

Next year supply will be boosted by a number of new speculative office developments and refurbishments in Bristol, Exeter, Gloucester, Swindon and Taunton.  These include The Distillery at Glassfields and The Assembly on Temple Way, two new Grade A developments under construction in Bristol city centre.  Both are guiding rents in excess of the current £34.50 per sq ft headline rent for the city centre.

Alder King head of agency Simon Price said: “After a robust performance in 2018, the commercial property market has continued to perform well in 2019.  Supply levels in both the industrial and offices market have risen this year after hitting historically low levels in 2018.  This is very welcome news for occupiers who in recent years have been unable to find the accommodation they need.

“Strong enquiry levels and an improved development pipeline in both the office and industrial sectors bode well for the second half of the year.”

New speculative industrial schemes which have come on stream include St Modwen’s Access 18 development where 221,000 sq ft has been delivered in three buildings and Chancerygate’s Vertex Park and Warmley Business Park in Bristol where a combined 228,000 sq ft of quality space has just reached practical completion.  The 107,000 sq ft 11 unit Vertex Park is now 38% pre-let while the 15 unit, 121,000 sq ft Warmley Business Park is 57% pre-sold/pre-let.

In Exeter, Matford Green Business Park is offering 30,000 sq ft of new space while in Gloucester, two major bespoke manufacturing projects at Gloucester Business Park for Dowty Propellers and G-TEKT are progressing well.  St Modwen has been particularly active in Gloucester, delivering nearly 300,000 sq ft of new space at Gateway 12 and St Modwen Park.

Swindon’s office and industrial markets saw 120,000 and 730,000 sq ft of take-up, both higher than each of the past three years.  One of the town’s most significant transactions was DHL’s acquisition of 80,000 sq ft at the Ignition scheme, setting a new record rent for the town at £7.50 per sq ft.

Alder King’s Market Monitor Mid-Year Update reviews the commercial property activity in 10 key centres across the South West and South Wales including Bristol, Cardiff, Exeter, Gloucester, Bath, Bridgwater, Plymouth, Swindon, Taunton and Truro.

Download the report here.

 

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Law firm signs new 16 year lease on Plymouth office https://www.alderking.com/law-firm-signs-new-16-year-lease-on-plymouth-office/ https://www.alderking.com/law-firm-signs-new-16-year-lease-on-plymouth-office/#respond Tue, 09 Jul 2019 15:13:14 +0000 https://www.alderking.com/?p=5648 Womble Bond Dickinson, advised by Alder King, has agreed a new lease on its Plymouth office at Ballard House in Millbay until 2035. The law […]

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Womble Bond Dickinson, advised by Alder King, has agreed a new lease on its Plymouth office at Ballard House in Millbay until 2035.

The law firm, which currently occupies 32,660 sq ft on the fourth floor at Ballard House, has signed a new 16 year lease for the fifth and sixth floors of the building totalling 26,003 sq ft.

It will now undertake a £1 million refurbishment of both floors to transform the cellular office layout into a modern open plan working environment.

Noel Stevens, partner at Alder King’s Exeter office, commented: “Last year, having considered available options in the market, WBD decided to remain at Ballard House, its base for the past 23 years.

“We have successfully negotiated positive terms for them with the new landlord, Plymouth City Council.  This has helped retain a major employer in the city and secured a significant investment in Ballard House, one of Plymouth’s largest office buildings.”

Craig Moore, partner and head of WBD’s Plymouth office, said: “With an office in Plymouth since 1881, we know that the city and the South West region are a great place to do business.

“There is an enormous amount happening here and we are delighted to confirm the extension of our lease of Ballard House for the next 16 years and a refurbishment investment of over £1 million.

“Our Plymouth office continues to go from strength to strength, providing clients with a unique offering of national and international experience on their doorstep.  Our long-term commitment to Plymouth is a reflection of the growth in our clients and the value we bring to them.  We look forward to growing the business further.”

Ballard House is a seven storey detached office building with basement car parking and recently refurbished entrance and common parts.  Occupiers include Plymouth City Council which in March 2019 acquired the 43,500 sq ft building as part of an investment package designed to save £2.25 million.

The property occupies a commanding position overlooking Plymouth Sound and lies adjacent to the 19 acre Millbay regeneration area, a 2 million sq ft mixed use scheme including a new marina, school and residential.

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Bristol Offices Mid-Year Market Report https://www.alderking.com/bristol-offices-mid-year-market-report/ https://www.alderking.com/bristol-offices-mid-year-market-report/#respond Mon, 08 Jul 2019 10:09:06 +0000 https://www.alderking.com/?p=5713 Bristol Offices Mid-Year Market Report: July 2019 Take-up of office space in Bristol in the first half of 2019 was subdued in comparison with recent […]

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Bristol Offices Mid-Year Market Report: July 2019

Take-up of office space in Bristol in the first half of 2019 was subdued in comparison with recent years, primarily as a result of a lack of good quality stock in the city centre ready for immediate occupation and, in some market sectors, by ongoing Brexit uncertainty.  However the strong level of named enquiries and the number of viewings on existing space point to an underlying strength in the market and a number of significant transactions including pre-lets are in solicitors’ hands and should transact during H2.

Demand remains strong in the co-working/serviced office sector which accounted for circa 31% of H1 city centre take-up, together with the TMT and financial services sectors.

Significant H1 transactions included the acquisition by Spaces of 35,000 sq ft at Programme in the city centre.  In north Bristol, St James’ Place acquired 40,760 sq ft at 2610 Aztec West and Elbit Systems acquired 12,760 sq ft at 600 Aztec West.

Both the city centre and out of town markets continue to suffer from a severe lack of new or newly refurbished Grade A accommodation.  This will be partly alleviated by two new Grade A developments under construction in the city centre, both of which are due to complete in 2020.  At The Distillery, Glassfields, Royal London Asset Management is on site with 90,000 sq ft in three buildings and at The Assembly on Temple Way, AXA is on site with a first phase building comprising 200,000 sq ft.

In addition high quality new refurbishments are underway at The Landing on Redcliff Street by L&G and at Merchants House by Bellborough Ltd.  CSL Limited is advancing proposals for circa 37,500 sq ft of high quality refurbished accommodation at 37-39 and 41 Corn Street.

In north Bristol, further refurbishment projects are planned as a result of the recent success of Buildings 600, 730 and 800 Aztec West where lettings were achieved following speculative refurbishments.

The top headline rent achieved in Bristol city centre for brand new Grade A accommodation now stands at £34.50 psf, with both new speculative developments currently underway guiding in excess of this level.

In north Bristol the letting of Building 600 Aztec West in Q1 2019 set a new headline rental high for this cycle at £23 psf.  In addition, the level of incentives granted in both the city centre and north Bristol markets has fallen as a consequence of reducing supply.

Office Take-Up 367,000 sq ft
Office Supply 775,000 sq ft
Headline Rent City Centre £34.50 psf
Headline Rent Out of Town £23 psf

For up to the minute advice on opportunities in Bristol, contact Simon Price who leads our Bristol office agency team on 0117 317 1084.

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Investment Market Report: July 2019 https://www.alderking.com/investment-market-report-july-2019/ https://www.alderking.com/investment-market-report-july-2019/#respond Mon, 08 Jul 2019 09:24:04 +0000 https://www.alderking.com/?p=5705 The volume of investment sales between January and May 2019 stands at circa £15 billion, down 30% from the same period in 2018.  The leisure […]

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The volume of investment sales between January and May 2019 stands at circa £15 billion, down 30% from the same period in 2018.  The leisure and alternative sectors made up over 40% of activity, while volumes in the retail sector continue to decline.  The UK is selecting its third Prime Minister in four years and the possibility of both a general election and a no deal Brexit weigh on market sentiment.  Therefore it is difficult to envisage 2019 investment volumes reaching the five year average of £63 billion.

Office investment volumes so far in 2019 are circa £4.6 billion compared to the £7.2 billion transacted over the same period a year ago and the weakest level since 2008.  Despite attractive currency exchange rates, overseas investors have taken a more cautious approach, accounting for only 38% of all office investment in Central London, down from 72% in 2018.  Overseas investors and UK institutions are reducing their exposure to the sector and are a net seller of office assets so far in 2019.

Sentiment in the retail sector remains very negative and consumer confidence is fragile.  Retail investment volumes stand at £1.8 billion so far this year, down from the £2.3 billion during the same period last year.  With more administrations and CVAs expected, there will be further downward pressure on rents.  Shopping centres are trading particularly poorly and only seven shopping centre deals have been reported so far in 2019, some with yields of circa 10%.  Activity is likely to remain subdued in the short to medium term amid continued uncertainty.

Industrial has been the strongest performing sector so far in 2019 with a 6.9% year on year total return.  Demand for prime single and multi-let industrial assets is very strong with competitive bidding situations leading to prices in excess of quoting terms being achieved.

Investors are approaching the secondary end of the market with a greater degree of scepticism.  Demand is strongest for long and secure income streams, with a focus on assets providing longer term income and opportunity that can withstand Brexit concerns.  Assets with redevelopment and repositioning opportunities are attracting investors attempting to see opportunity in uncertainty.

All regions bar London posted below average volumes.  Investors continue to move away from the three main sectors (office, retail, industrial) unless offering attractive added value opportunities towards the secure long-dated income offered by alternatives, with hotels and build-to-rent opportunities proving popular.

For the latest investment advice, contact John Benson who leads our investment agency team on 0117 317 1100.

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Keybridge acquires Bristol Oxfam store building https://www.alderking.com/keybridge-acquires-bristol-oxfam-store-building/ https://www.alderking.com/keybridge-acquires-bristol-oxfam-store-building/#respond Wed, 12 Jun 2019 10:49:43 +0000 https://www.alderking.com/?p=5594 Bristol-based property investors Keybridge Associates have expanded their South West portfolio with the acquisition of the ground floor retail and basement premises at 62 Cotham […]

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Bristol-based property investors Keybridge Associates have expanded their South West portfolio with the acquisition of the ground floor retail and basement premises at 62 Cotham Hill and 26a Aberdeen Road in the Cotham area of Bristol.

The property, held on a 999 year long lease dated 5th April 2016, was sold by Alder King on behalf of Andrew Sheridan and Gareth Morris of FRP Advisory LLP, in their capacity as Administrators, for £271,000, representing a NIY of 6%.

The premises, which form part of a parade of retail units, are let to Oxfam on a 15 year lease at a rent of £16,750 per annum.

Nigel Hooton of Hootons Commercial who acted on behalf of the purchaser, said: “Keybridge purchased this property due to its good location and the strong covenant strength of the tenant. This property now forms part of a portfolio located in the South West.”

Rebecca Harries of Alder King said: “Demand for good quality investment properties remains strong and resulted in competitive interest in this well-located retail property.  To secure the best outcome for the vendor, we brought the sale to a close by inviting best bids resulting in the successful disposal to Keybridge.”

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Principal Designer – a role still not well understood four years on https://www.alderking.com/principal-designer-a-role-still-not-well-understood-four-years-on/ https://www.alderking.com/principal-designer-a-role-still-not-well-understood-four-years-on/#respond Mon, 10 Jun 2019 14:40:47 +0000 https://www.alderking.com/?p=5548 In April 2015, the Construction (Design and Management) Regulations 2015 came into effect, with one of the most significant changes being the replacement of the […]

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In April 2015, the Construction (Design and Management) Regulations 2015 came into effect, with one of the most significant changes being the replacement of the CDM Coordinator with the Principal Designer.  Four years later, the effects of this change are not always well understood and can lead to unexpected costs on a development project.  James Jacobs, a chartered building surveyor experienced in delivering the Principal Designer role, sets out some of the key areas impacted by this regulation change, focusing on the duties and responsibilities of the client and Principal Designer.

What must a client do?

Following the changes to the regulations, the CDM Regulations now apply to both domestic and non-domestic building works of all sizes where there is more than one contractor appointed, or it is foreseeable that more than one may be working on a project.  In this circumstance, the client must appoint:

  • a Principal Designer
  • a Principal Contractor

If the client fails to appoint either role on a commercial project, the client takes on the responsibility of both.  This is to ensure that project leaders engage in the process and ensure their entire design team follows the process.

When must a client appoint?

Under the Regulations, the roles should be fulfilled as soon as the design works commence.  In practice however, we still see many projects where the role is picked up well past the initial concept design stage.  This can sometimes lead to costly changes to the building fabric in order to meet the necessary standards of safe design.  Even so, this can be a very difficult thing for clients to balance, particularly where projects may be speculative in nature.

The principals of prevention (ERIC)

ERIC stands for “Eliminate, Reduce, Inform and Control”, and relates to the principals of prevention.  Simply put, it is a flow chart for risk management:

  • First try to eliminate risk
  • If it cannot be eliminated, then reduce it where possible
  • Ensure that there is adequate information and control measures in place for any residual risks that exist following the process of design

To be clear, this is not a new concept, and the designers have been responsible for adhering to this principal in both this and the previous versions of the Regulations.  The Principal Designer must have sufficient influence over the design process if it doesn’t comply with the principals of safety.  The emphasis of the process is the end product, and not simply the process of construction.

 

Alder King as Principal Designers

Alder King has considerable experience as Principal Designer, with numerous projects underway across the country with a total value of circa £230 million.  Individual projects range in value from £1m to £50 million and include hotels, large student accommodation schemes, school projects and stadium enhancements.

We work with established design teams acting as Principal Designer directly for a client, or as a sub-consultant to the lead designer (typically the architect).  We pride ourselves in working collaboratively with the existing team, helping to identify avoidable risks early to prevent costly changes later, and of course to reduce opportunities for accidents.

All our Principal Designers are fully qualified and chartered building surveyors, meaning we have the necessary skills and expertise to understand the pre-construction process, and the technical knowledge to interact effectively with the wider design team.

Our skills, knowledge and expertise help us guide clients on the compiling of all necessary information to safely progress a project, as well as work closely with the appointed principal contractor, assisting in the review of the Construction Phase Plans.

Want to discuss your construction project?

If you need to appoint a Principal Designer for your construction project, contact James Jacobs who heads up the team for an informal chat.

You can find out more about our building consultancy services here.

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Brownfield site in Fishponds, Bristol sold for potential redevelopment https://www.alderking.com/brownfield-site-in-fishponds-bristol-sold-for-potential-redevelopment/ https://www.alderking.com/brownfield-site-in-fishponds-bristol-sold-for-potential-redevelopment/#respond Thu, 06 Jun 2019 08:19:02 +0000 https://www.alderking.com/?p=5534 A major brownfield site in the Fishponds area of Bristol has been sold to a London-based investor/developer for potential mixed use redevelopment. Frontdoor Properties acquired […]

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A major brownfield site in the Fishponds area of Bristol has been sold to a London-based investor/developer for potential mixed use redevelopment.

Frontdoor Properties acquired the Filwood House site from New Station Developments.  The vendor was advised by Alder King.

The six acre site, located between Filwood Road and Forest Road in Fishponds, includes a complex of occupied and redundant industrial buildings and structures.

The most notable building is Filwood House, a 150,000 sq ft part single storey, part three storey commercial building dating from the early 1960s.  It was previously part of the former DRG factory complex but is now occupied by a number of small businesses on short-term leases.

Significant parts of the site have fallen into disrepair and are in need of remediation and redevelopment.

The new owners have instructed Alder King’s planning team to prepare and submit a planning application for a sensitive mixed use redevelopment of the site, which aims to preserve the same (if not greater) levels of employment.

Chris Haworth, partner at Alder King, said: “These old industrial buildings are reaching the end of their economic life.  The new owner hopes to regenerate the site to create a vibrant mixed use scheme, similar to the Paintworks development on the Bath Road.

“The intention is to retain and enhance employment provision on the site while also creating new housing, primarily though effective master planning and design efficiency.  The proposed new scheme would also deliver significant environmental enhancements, not just to the site but the wider area.”

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Sex Education production company secures series two film consent at former Caerleon campus https://www.alderking.com/sex-education-production-company-secures-series-two-film-consent-at-former-caerleon-campus/ https://www.alderking.com/sex-education-production-company-secures-series-two-film-consent-at-former-caerleon-campus/#respond Wed, 05 Jun 2019 16:25:27 +0000 https://www.alderking.com/?p=5530 The production company behind the hit Netflix show Sex Education has secured planning permission to film a second series at the University of South Wales’ […]

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The production company behind the hit Netflix show Sex Education has secured planning permission to film a second series at the University of South Wales’ former Caerleon campus.

Starco 2 TV was asked by Newport City Council to make a formal planning application ahead of filming a second series.  It had not needed planning permission for the first series as the site was only being used temporarily.  Alder King acted as planning consultants and secured consent for filming at the Grade II listed site up until the end of 2020.

The former Caerleon campus doubled as the fictional Moordale Secondary School in the critically acclaimed comedy drama which starred Gillian Anderson and Asa Butterfield as a renowned sex therapist and her awkward teenage son.

Alder King previously acted on behalf of the University of South Wales with the submission of a planning application for a residential-led redevelopment of the site. The application was refused by Newport City Council based on highway and air quality concerns.  A planning appeal has subsequently been lodged by Alder King.

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Bovis Homes acquires Wellington site for 205 new home scheme https://www.alderking.com/bovis-homes-acquires-wellington-site-for-205-new-home-scheme/ https://www.alderking.com/bovis-homes-acquires-wellington-site-for-205-new-home-scheme/#respond Tue, 04 Jun 2019 09:36:07 +0000 https://www.alderking.com/?p=5509 National housebuilder Bovis Homes has exchanged unconditional contracts on a consented greenfield site at Rockwell Green on the edge of Wellington in Somerset.  The 25.8 […]

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National housebuilder Bovis Homes has exchanged unconditional contracts on a consented greenfield site at Rockwell Green on the edge of Wellington in Somerset.  The 25.8 acre site was sold by private landowners and Gladman Land, represented by Alder King.

Gladman was granted planning permission at appeal by Somerset District Council in 2018 for up to 205 dwellings and 60 bed apartments with care on the site.  The permission also included public open space, landscaping, a sustainable drainage system and vehicular access.  25% of the new homes will be affordable housing.

Simon Smith, partner at Alder King, said: “This edge of village site had been used for agricultural purposes for many years.  Working closely with the landowner, we facilitated a partnership with Gladman who went on to secure planning permission for the site.  This allowed us to maximise the value of the site for the landowner without exposing them to the costs and risks involved in securing planning permission.”

John Parry, regional land director at Bovis Homes added: “We would like to express our gratitude to all involved in getting this over the line. We anticipate a start on site at the end of 2019, and look forward to building out our new Phoenix House Type range in this lovely location.”

Landowners interested in exploring the value of their land for residential development are invited to contact Simon Smith in Alder King’s Bristol office on 0117 317 1000 for an informal discussion.

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Wiltshire personal training and fitness gym doubles its studio footprint https://www.alderking.com/wiltshire-personal-training-and-fitness-gym-doubles-its-studio-footprint/ https://www.alderking.com/wiltshire-personal-training-and-fitness-gym-doubles-its-studio-footprint/#respond Mon, 03 Jun 2019 09:04:09 +0000 https://www.alderking.com/?p=5505 A Devizes-based personal training and fitness studio has relocated to larger premises in the town, after agreeing rental terms on a modern industrial unit through […]

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A Devizes-based personal training and fitness studio has relocated to larger premises in the town, after agreeing rental terms on a modern industrial unit through Alder King and WRE.

Pure Grit Personal Training, which opened its previous gym on Folly Road in Devizes in 2016, has seen its client base grow by up to 60% over the past three years.  Demand for group training sessions has also increased.

Its new unit – at Devizes Trade Centre on Hopton Park Industrial Estate – is double the size of the previous studio and on two floors.  The additional space allows personal training sessions to be held on the ground floor with group fitness classes on the first floor.

The ground floor has been fitted out with strength-based equipment.  Zowie Trevena, joint owner of Pure Grit PT Devizes, is a competitive Strongwoman and Powerlifter and recently qualified for the World Powerlifting Congress European Championships which will take place in Ireland on 14th June.  A number of female clients are also training in readiness for Wiltshire’s Strongest Man/Woman competition being held in Chippenham in September.

Zowie Trevena said: “The layout and space in our new studio work extremely well for our needs and allow us to give clients more opportunities with their training, with personal training sessions as well as a private gym in a non-intimidating and private training environment.  We can now offer a Strongman/Powerlifting facility in Devizes, something the town previously lacked.

“We also now benefit from passing traffic which we didn’t have before.”

James Gregory, partner at Alder King in Swindon, said: “Demand from the gym sector has been a permanent trend in the market in recent years, with a growing number of industrial units being taken by individual and chain gym operators.

“If this continues, we may see more vacant retail units being repurposed as gym premises, as operators seek well-located space with good footfall and parking facilities.”

Pure Grit secured change of use consent and signed a 10 year lease on Unit 12 Devizes Trade Centre. The 1,282 sq ft property was recently refurbished by the landlord after it was vacated by the previous occupier.

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Cotswold Recycling to consolidate operation at Avonmouth https://www.alderking.com/cotswold-recycling-to-consolidate-operation-at-avonmouth/ https://www.alderking.com/cotswold-recycling-to-consolidate-operation-at-avonmouth/#respond Thu, 30 May 2019 09:21:53 +0000 https://www.alderking.com/?p=5496 Gloucestershire plant and machinery hire company Cotswold Recycling Company will expand and relocate its operation to Avonmouth, bringing its separate head office and yard into […]

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Gloucestershire plant and machinery hire company Cotswold Recycling Company will expand and relocate its operation to Avonmouth, bringing its separate head office and yard into one more accessible location.

Established in 2001, Cotswold Recycling’s head office is in Wotton-under-Edge while its equipment yard is in a rural location near Berkeley.  The new property will bring both facilities together for the first time and give easier access to the motorway network.

Cotswold Recycling offers a wide range of hire equipment which crushes, screens and recycles building materials into a reusable product, reducing costs in new construction projects. Its machinery is used in quarry work, demolition and stabilisation projects and site clearing.

The company has leased Corporate House, a modern detached industrial unit on Portview Road in Avonmouth, from landlord Bristol & England Properties.  The property provides 9,039 sq ft of office and warehouse accommodation, together with a 0.65 acre yard for equipment storage.

Emma Smith of Alder King, who represented the landlord in the transaction, commented: “Being based in a rural location wasn’t ideal when it came to moving some of Cotswold’s heavy plant machinery.  Consolidating the two operations and relocating them to the region’s traditional industrial heartland of Avonmouth makes strong business sense.  The large yard was also a key factor in its decision to take this particular unit.”

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Siemens PLC takes office space at Bewley House in Chippenham https://www.alderking.com/siemens-plc-takes-office-space-at-bewley-house-in-chippenham/ https://www.alderking.com/siemens-plc-takes-office-space-at-bewley-house-in-chippenham/#respond Wed, 29 May 2019 13:26:40 +0000 https://www.alderking.com/?p=5487 Global technology giant, Siemens PLC, is moving into office space at the newly refurbished Bewley House in Chippenham. With headquarters in Berlin and Munich, Siemens […]

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Global technology giant, Siemens PLC, is moving into office space at the newly refurbished Bewley House in Chippenham.

With headquarters in Berlin and Munich, Siemens operates globally, employing 379,000 people in 200 countries and specialising in electrification, automation and digitalisation.

This latest move will see Siemens PLC relocate its software development department of the business into the first floor of Bewley House, taking 4,300 sq ft of office space.

Siemens PLC intends to fit out the space over the next few months before moving in up to 30 members of staff later in the year.  The company has said the move will enable it to grow in the future.

David Boakes of Siemens said: “We are relocating to Bewley House because we like the location, being central in Chippenham means there are good transport links and various amenities close by for employees.  Being able to put all of our staff on a single floor plate should allow much better collaboration.  We also like the efforts by the landlord of Bewley House to make the office more environmentally friendly.”

HPH Commercial Property, who own and manage the Chippenham building, have a large portfolio of office, industrial and retail space across Bristol, Bath and Wiltshire.

Lindsay Holdoway, Managing Director of HPH Commercial Property, said, “We are thrilled to welcome global technology company Siemens PLC to Bewley House.  Chippenham is a fantastic location for the fast-growing tech industry, and our office space is situated in a central and thriving location.

“We are very much looking forward to Siemens PLC moving in and wish them every success for the future.”

James Gregory, partner at Alder King, said HPH’s commitment to investing in its property portfolio, creating modern and efficient work spaces made a huge difference.

He said: “Before promoting the space, HPH fully refurbished the first floor at Bewley House to include a new central heating system, LED lighting and a new kitchenette as well as redecorating and fitting new carpets, and as a consequence Bewley House saw an increased level of interest from prospective occupiers.

“With its proximity to the mainline railway station and unrivalled car parking so close to the town centre, it is not surprising that Siemens were attracted to the building. It offers them the ability to grow their business and provides a much improved environment from their previous offices on one of the business parks.”

For more information about Bewley House, or to find out how HPH can help your business, visit, call 01225 480555 or visit www.hph.co.uk.

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Skypark Exeter secures another occupier https://www.alderking.com/skypark-exeter-secures-another-occupier/ https://www.alderking.com/skypark-exeter-secures-another-occupier/#respond Mon, 13 May 2019 09:00:32 +0000 https://www.alderking.com/?p=5459 St. Modwen, the expert developer and regeneration specialist, has finalised a deal with engineering distributor group, Troy UK, which has occupied a new unit at […]

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St. Modwen, the expert developer and regeneration specialist, has finalised a deal with engineering distributor group, Troy UK, which has occupied a new unit at the developer’s £210 million Skypark Business Park near Exeter.

Troy UK is the leading group of industrial engineering supplies in the UK, providing customers with access to leading suppliers of industrial tools and equipment. The company has taken a 5,800 sq ft unit on site, and joins other businesses including logistics operator DPD UK and regional head office for housing group, LiveWest.

Wendy Jones, Group Marketing Director for Troy UK, said: “Our decision to locate at Skypark in Exeter was largely encouraged by the site’s Enterprise Zone status, as well as its prime location with direct access to the UK’s motorway network and a stone’s throw away from Exeter International Airport.

“These factors combined allow the perfect set-up for us to fulfil our vision to build a better future for independent distributors of industrial supplies.”

Ewan Dauncey, Asset Manager for St. Modwen, said: “We are thrilled to secure this deal with Troy UK at Skypark. The ground-breaking development seeks to embody sustainable principles at their broadest levels and addresses social, economic and environmental objectives, and Troy UK will be a great asset to the growing community.

“Surrounding public transport systems have also been improved to accommodate those working and living nearby, making it more convenient for local commuters and strengthening the development as a whole.

“In partnership with Devon County Council, Skypark is the cornerstone development of the Exeter and East Devon Growth Point initiative and the vision for the site is to realise the full economic potential of Exeter as a major regional centre to provide a range of employment opportunities.

“Skypark is fast-becoming a self-sufficient urban business community with improved existing and new local facilities, in line with our core purpose of changing places and creating better futures.”

When the development is completed over the next 20 years, Skypark will provide up to 1.4 million sq ft of industrial and office space with potential for up to 6,500 jobs long-term.

Any businesses interested in future rent or purchase opportunities at Skypark should contact Noel Stevens in our Exeter office.  Read more about available industrial space at SkyparkRead more about available office space at Skypark.

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Almondsbury Business Centre 95% let after attracting two new occupiers https://www.alderking.com/almondsbury-business-centre-95-let-after-attracting-two-new-occupiers/ https://www.alderking.com/almondsbury-business-centre-95-let-after-attracting-two-new-occupiers/#respond Thu, 02 May 2019 15:48:25 +0000 https://www.alderking.com/?p=5434 Real estate investor the Skelton Group has been rewarded for its ongoing investment in Almondsbury Business Centre with two new lettings, bringing the north Bristol […]

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Real estate investor the Skelton Group has been rewarded for its ongoing investment in Almondsbury Business Centre with two new lettings, bringing the north Bristol business park to 95% occupancy.

Almondsbury Business Centre, a self-contained complex of nine modern office buildings in landscaped grounds, has been undergoing phased refurbishment of the office space and common grounds since Skelton Group acquired the asset in February 2017.  These works have further enhanced its appeal to current tenants and potential new occupiers looking for high quality offices close to the north Bristol M4/M5 motorway network.

The latest occupiers to move in to the estate are Airmec, which specialises in air hygiene and water treatment services, and also the North Bristol operation of nation-wide home care provider Caremark.

They join TAY Recruitment, Direct Asset Finance, KDC, Ambro Systems and Briggs & Forrester who have all taken accommodation on the estate over the past 18 months.

Airmec, which maintains air hygiene and water treatment facilities in schools, hospitals, hotels, and airports as well as multiple businesses are relocating their head office function to a 3,353 sq ft office suite on the first floor of Linden House, having previously occupied an industrial/office unit at Aztec West.

Caremark, which delivers home care, personal support, home help and companionship services to clients of all ages, has opened a new office and training facility in Bredon House to better service clients in north Bristol and South Gloucestershire area.  It has leased an 850 sq ft self-contained suite on the ground floor.

The original 1,700 sq ft suite was sub-divided to create two smaller suites to meet market and occupier demand. The last 1,700 sq ft suite on the first floor of Bredon House, benefiting from eight car parking spaces, is now the only available space on the Business Centre.

Rebecca Harries from Alder King’s Bristol office, commented: “Our client is committed to making Almondsbury Business Centre the office location of choice for those requiring modern well-specified offices close to the M4/M5 motorway network and Parkway station.  The high occupancy level is testament to their success, with a range of quality occupiers and good active enquiries.

“The calibre of the recent refurbishment, the generous car parking allocation and the landscaped setting all contribute to the park’s continued success.”

Airmec and Caremark agreed ten and five year leases respectively with the landlord Skelton Group. Alder King and Hartnell Taylor Cook acted for Skelton; the occupiers were unrepresented.

More information about the remaining accommodation is available by clicking here or by calling Rebecca Harries or Tom Dugay on 0117 317 1000.

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Plan which will shape future development in Bristol open for consultation https://www.alderking.com/plan-which-will-shape-future-development-in-bristol-open-for-consultation/ https://www.alderking.com/plan-which-will-shape-future-development-in-bristol-open-for-consultation/#respond Tue, 30 Apr 2019 14:30:21 +0000 https://www.alderking.com/?p=5414 Bristol City Council is inviting consultations on its Local Plan Review which will shape future development in Bristol over the next 15 years. Once adopted, […]

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Bristol City Council is inviting consultations on its Local Plan Review which will shape future development in Bristol over the next 15 years.

Once adopted, the Local Plan Review (Draft Policies and Development Allocations) will sit beneath the Joint Spatial Plan (JSP) which is being progressed with South Gloucestershire Council, Bath and North East Somerset Council and North Somerset Council.

A principal theme within the draft plan is the provision of new housing.  Policy H1 sets out how Bristol City Council will exceed the JSP requirement by providing 33,500 new and affordable homes within the plan period. This is a 27% uplift on the current adopted development strategy.

To achieve this growth, the draft plan identifies several site allocations and major sites for mixed-use redevelopment including Bristol Temple Quarter, St Philips Marsh, Western Harbour and Frome Gateway. Other policies intended to boost housing delivery include encouraging self-building and controlling the proliferation of HMOs.

In line with the Urban Living Supplementary Planning Documents adopted in 2018, the plan expects new development to use land effectively and build at higher densities where appropriate.

The draft plan also sets out a need for an additional 6,400 student bed spaces to the year to 2028. Policy H7 establishes a number of locations where purpose-built student accommodation (PBSA) should be located and sets bed space thresholds that should not be exceeded in each. All student accommodation in these locations should also contribute a proportion of affordable student housing (rental cost to be no more than 50% of the maximum Government Maintenance Loan that a new full time student living away from home could receive). In other locations, PBSA should form part of mixed use developments and, if providing self-contained accommodation (Use Class C3), should contribute towards general purpose affordable housing.

The draft plan also includes policies designed to boost the economy, reduce carbon dioxide emissions and adapt to climate change.

Commenting on the draft, principal planner Jack Appleton says:

“We are encouraged by the positive approach Bristol City Council is taking, particularly in relation to the delivery of much needed housing.  However, this new housing requirement is significant, and its delivery must not be at the expense of other forms of development including employment uses, or the urban fabric of the city.”

The current consultation is ongoing and comments need to be submitted to Bristol City Council by 24 May 2019. Click here to be taken through to the draft plan.

Should you wish to discuss the emerging plan, please contact Jack Appleton or another member of the Alder King planning team.

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Swindon furniture frame maker invests in new workshop https://www.alderking.com/swindon-furniture-frame-maker-invests-in-new-workshop/ https://www.alderking.com/swindon-furniture-frame-maker-invests-in-new-workshop/#respond Tue, 30 Apr 2019 13:23:46 +0000 https://www.alderking.com/?p=5409 A Swindon-based furniture frame maker has invested in new workshop premises on the town’s Westmead trading estate after agreeing terms through Alder King. Established five […]

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A Swindon-based furniture frame maker has invested in new workshop premises on the town’s Westmead trading estate after agreeing terms through Alder King.

Established five years ago by owners Jon Carty and Jon Woolhouse (pictured), Frameco has been supplying handmade furniture frames to the upholstery trade for over 15 years.  It has now acquired the long leasehold interest of Unit 5, The Cobham Centre from a private landlord.  The six-strong company has since relocated into the unit from rented premises on Cheney Manor Industrial Estate.

James Gregory, partner at Alder King, said: “Frameco’s story is typical of the Swindon industrial market at the moment.  There’s a strong appetite from smaller occupiers to relocate to larger and better accommodation.  The challenge is finding suitable accommodation, with many sub-10,000 sq ft units being taken up as soon as they come on the market.”

Alder King acted for the private landlord and previous occupier of the unit GreenSquare Energy.

Frameco produces frames for upholstery companies in London and the South West, using existing or new patterns and high quality woods including beech hardwood and birch plywood.  It can also supply specialist hardwoods such as oak, black walnut and sapele for show wood legs.

Unit 5 Cobham Centre provides 3,910 sq ft of accommodation including warehouse, office and mezzanine storage.  It is well-located close to the Great Western Way dual carriageway leading to the M4.

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Car supermarket agrees lease for docks site https://www.alderking.com/car-supermarket-agrees-lease-for-docks-site/ https://www.alderking.com/car-supermarket-agrees-lease-for-docks-site/#respond Tue, 30 Apr 2019 10:36:42 +0000 https://www.alderking.com/?p=5403 A used car supermarket has agreed a 15 year lease on a 62,000 sq ft industrial unit for a new showroom at Royal Portbury Dock […]

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A used car supermarket has agreed a 15 year lease on a 62,000 sq ft industrial unit for a new showroom at Royal Portbury Dock in Bristol.

Imperial Car Supermarket has agreed the lease with M7 Real Estate on behalf of a global institutional investor, with no breaks and rent reviews every five years.

The deal, which is expected to generate £650,000 of annual rental income, is M7’s largest letting to date by annual rent.

The agreed rent is a 42% increase on the previous rent agreed with BCA which vacated the site late last year.

As well as the recently refurbished unit, the site also has 7.2 acres of net useable land, which will provide the car retailer with a much larger showroom.

The dock is situated approximately nine miles west of Bristol city centre in an area popular with the automotive industry due to its immediate proximity to the M5.

James Chasen, asset manager at M7, said: “As our largest UK letting by rent to date, this is a significant milestone for M7 and testament to the strong occupational market for this type of product.

“The seven acres of additional storage land that this asset offers makes it a unique proposition in a market where supply is already scarce.

“The letting is in line with our strategy and we have capitalised on the location’s attraction to the car industry, providing a unit well suited to the needs of the occupier.

“This has also enabled us to secure a long lease underpinning an attractive income return for our client.”

M7 was advised by Alder King while Lambert Smith Hampton advised Imperial Car Supermarket Ltd.

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