Alder King Property Consultants https://www.alderking.com Tue, 03 Dec 2019 15:27:49 +0000 en-GB hourly 1 Former Vospers Exeter motor dealership sold to Ability Matters Group https://www.alderking.com/former-vospers-exeter-motor-dealership-sold-to-ability-matters-group/ https://www.alderking.com/former-vospers-exeter-motor-dealership-sold-to-ability-matters-group/#respond Tue, 03 Dec 2019 15:27:11 +0000 https://www.alderking.com/?p=6288 The former Vospers Fiat and Alfa Romeo showroom at Matford Trading Estate in Exeter has been sold to the Ability Matters Group for £1.7 million. […]

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The former Vospers Fiat and Alfa Romeo showroom at Matford Trading Estate in Exeter has been sold to the Ability Matters Group for £1.7 million.

The property, which is held on a 125 year lease from Exeter City Council, was put up for sale following the relocation of Vospers to purpose-built new premises at Matford Green Business Park in 2018.

Alder King and Colliers acted for Vospers in the transaction.

The Ability Matters Group is a leading provider of specialist prosthetic, orthotic and mobility services across the UK.  Its Exeter branch, which provides services to the Royal Devon & Exeter NHS Trust, is currently based at the Exeter Mobility Centre on Wonford Road, but will relocate to the new building in 2020.

Noel Stevens, partner at Alder King’s Exeter office, said: “The sale of this modern showroom shows the ongoing strength of demand for freehold and long leasehold property in Exeter.

“The property attracted interest from a wide range of different users looking to rent or acquire the building but ultimately Ability Matters was successful due in no small part to its willingness to engage with Vospers and Exeter City Council who of course recognised the value of their service to the city.”

The property occupies a prominent position on Matford Trading Estate, with dual frontage to Bad Homburg Way and Hennock Road East.  It comprises two separate showrooms providing a total of 16,246 sq ft of accommodation and 128 parking spaces.

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Ocado chooses Bristol for location of sixth hub https://www.alderking.com/ocado-chooses-bristol-for-location-of-sixth-hub/ https://www.alderking.com/ocado-chooses-bristol-for-location-of-sixth-hub/#respond Thu, 28 Nov 2019 11:28:25 +0000 https://www.alderking.com/?p=6276 St. Modwen has signed an agreement for lease with Ocado Retail, the UK’s largest dedicated online grocery retailer, at one of its anchor schemes, St. […]

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St. Modwen has signed an agreement for lease with Ocado Retail, the UK’s largest dedicated online grocery retailer, at one of its anchor schemes, St. Modwen Park Access 18 in Avonmouth, Bristol.

Ocado Retail has agreed a 17-year lease on a 150,000 sq ft speculatively-built unit which will act as the company’s first ‘mini’ Customer Fulfilment Centre (CFC), and is expected to support around 815 jobs in the local area. Ocado Retail will occupy a high-quality, well-located and flexible space – with the layout of the unit allowing for two additional mezzanine floors.

Peter Davies, Development Director at St. Modwen Industrial & Logistics, said:

“Securing a customer of this nature is testament to the quality of our scheme, its prime location and confirms our commitment to speculatively build-out sites where appropriate. Across our parks, we’re able to cater to both leading national occupiers as well as small-to-medium-sized industrial and logistics businesses. Ocado Retail is a strong addition to our growing list of high-quality customers and the company’s developing offering in the South West will bring significant investment in the regional economy and support hundreds of new jobs.”

Richard Locke, Operations Director at Ocado Retail Limited, added:

“Our new Avonmouth home will support the growth plans of Ocado Retail, a joint venture between Ocado and M&S, allowing us to bring ever better service to customers in Bristol and the surrounding area. St. Modwen’s well-located site was the ideal space for us to expand our retail offering and we look forward to operating from Access 18 in 2020.”

The unit will act as a Customer Fulfilment Centre (CFC) for Ocado – its sixth in the UK but also its first ‘mini-CFC’. Once live, the facility will be able to process more than 30,000 orders per week and despite its smaller size, the centre is expected to achieve productivity rates that will drive forward Ocado’s market-leading growth plans. Once delivered by St. Modwen, the fulfilment centre is expected to be fully operational at the end of 2020.

More than 1m sq ft of industrial and logistics space has been delivered at St. Modwen Park Access 18 to date, which already accommodates 16 different businesses including global courier and delivery service Hermes Parcelnet Ltd, catering equipment providers Nisbets PLC, and leading healthcare distributor Movianto.

The scheme is home to the South West’s largest speculative industrial and logistics unit and forms part of St. Modwen’s largest-ever committed industrial and logistics pipeline, standing at 1.6m sq ft nationally. Mature landscaping provides an established environment for staff to work in, while cycle paths and footways link to nearby residential areas. A bus service also runs adjacent to the site.

St. Modwen Park Access 18 is located on Avonmouth Way and Kings Weston Lane, with direct access to the M5/M49 Junctions 18/18A. The Avonmouth Docks are also within 1 mile of the site and Bristol City Centre is just 10 miles east of the scheme.

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

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New 31,000 sq ft industrial scheme at Exeter’s Matford Green Trade Park https://www.alderking.com/new-31000-sq-ft-industrial-scheme-at-exeters-matford-green-trade-park/ https://www.alderking.com/new-31000-sq-ft-industrial-scheme-at-exeters-matford-green-trade-park/#respond Wed, 27 Nov 2019 17:05:38 +0000 https://www.alderking.com/?p=6221 Work is underway on a new 31,000 sq ft industrial warehouse scheme on the Trade Park phase of Exeter’s thriving Matford Green Business Park. The […]

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Work is underway on a new 31,000 sq ft industrial warehouse scheme on the Trade Park phase of Exeter’s thriving Matford Green Business Park.

The unit is due for practical completion in May 2020 and will be available to lease as a single 31,000 sq ft unit or as a sub-division into four units from 7,700 sq ft.

Devon Contractors have been appointed to construct the new units.  The scheme is being jointly marketed by Alder King and Colliers.

Noel Stevens, partner at Alder King in Exeter, said: “The completion of Phase 3 is due in May 2020 and we already have a number of strong enquiries. There will remain a final development phase of approximately four acres, which can accommodate design and build opportunities for occupiers looking for bespoke premises to lease.”

Tom Watkins, associate director at Colliers added: “This is a high-profile trade, automotive, industrial/warehouse location, with fantastic access to Exeter city centre, A30, A38 and M5.

“These units will suit local, regional and national occupiers and add to the success of Matford Green. With industrial supply at historically low levels, they will replenish the market with much needed new Grade A stock.’’

The scheme will join the new car dealerships at Matford Green which include Jaguar/ Landrover, Audi, VW, Toyota, Lexus, Ford and Mazda.

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Devizes trading estate sold for £3.46 million https://www.alderking.com/devizes-trading-estate-sold-for-3-46-million/ https://www.alderking.com/devizes-trading-estate-sold-for-3-46-million/#respond Mon, 25 Nov 2019 15:43:02 +0000 https://www.alderking.com/?p=6263 Worldwide Estates has sold the freehold investment of Nursteed Trading Estate in Devizes in Wiltshire for £3.46 million.  The multi-let industrial estate was acquired by […]

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Worldwide Estates has sold the freehold investment of Nursteed Trading Estate in Devizes in Wiltshire for £3.46 million.  The multi-let industrial estate was acquired by the private investment group Maybrook Properties.

Alder King and Strakers represented the vendor while Kenningtons acted for the purchaser.

Nursteed Trading Estate, located to the south east of Devizes, is arranged in three blocks and provides a total of 41,685 sq ft of accommodation on circa 3.86 acres.  All ten units are let to occupiers including Mole Valley Farmers, City Plumbing Supplies and Varivane Industries.  The estate produces a passing rent of £237,500 per annum.

Last year Worldwide Estates secured planning permission for the development of 17 small industrial units on a 1.06 acre yard to the rear of Units 1-4.

James Gregory, partner at Alder King’s Swindon office, said: “Nursteed Trading Estate is a well-established industrial location with sustainable tenant demand.  Having secured planning permission for a small unit scheme on the estate, Worldwide Estates decided to capitalise on the current market demand for industrial assets by taking the estate to market.”

Gareth Hunt, managing director of Maybrook Properties, said the acquisition of Nursteed Trading Estate was fully in line with the group’s portfolio strategy.

He said: “With the continued growth of ‘click and collect’, we see opportunity to enhance the value of this successful market town trading estate, particularly to boost revenue through the additional development potential.”

Maybrook Properties recently confirmed the sale of Cambridge House on Henry Street in Bath to F&C UK Property Fund for £20.85 million.

Following a programme of refurbishment and various asset management initiatives by Maybrook, the 51,580 sq ft property includes a gym and an Iceland store on the ground floor with offices above. The property is fully let with total rents of £1.028 million per annum.

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Summerfield Developments completes bespoke facility for Bath Quartermaster at Westpark 26 https://www.alderking.com/summerfield-developments-completes-bespoke-facility-for-bath-quartermaster-at-westpark-26/ https://www.alderking.com/summerfield-developments-completes-bespoke-facility-for-bath-quartermaster-at-westpark-26/#respond Mon, 18 Nov 2019 14:48:10 +0000 https://www.alderking.com/?p=6224 Summerfield Developments has completed a bespoke new warehouse/storage facility at Westpark 26 near Wellington for storage firm Bath Quartermaster. Summerfield, which was advised by Alder […]

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Summerfield Developments has completed a bespoke new warehouse/storage facility at Westpark 26 near Wellington for storage firm Bath Quartermaster.

Summerfield, which was advised by Alder King and JLL, agreed a design and build contract with Bath Quartermaster earlier this year for a 24,588 sq ft storage facility on a 1.4 acre plot.

Devon Contractors began work in April on the unit, which features an unusually high building at 13 m to eaves, and achieved practical completion at the end of October.  Bath Quartermaster, which was represented by Giles Thomas of Matthews & Goodman, is now fitting out the unit before opening the facility in Q1 2020.

The development is the latest to be completed by Summerfield on its 40 acre business park which is located just off junction 26 of the M5 motorway.

Ben Trickey of Summerfield Developments said: “The completion and handover of this purpose-built facility is another important milestone in the development of the business park and we are pleased to welcome Bath Quartermaster as a new occupier.  We now have over 100 occupiers on the park, with more due to open for business in the next few months.

“For businesses looking to secure accommodation in this part of the South West, we still have plots available on the park which can be offered on a design and build basis on either a leasehold or freehold basis.”

Andrew Maynard, partner at Alder King’s Taunton office, says Westpark 26 has been one of the most active business parks in the region over the past year.

“Summerfield has seen strong levels of activity across the park this year, with a number of design and build contracts and lettings of existing space.  There is definitely buoyancy in the market for good quality, well-connected accommodation and Westpark 26 has benefited from developing several phases of the scheme speculatively.”

David Cranwell of Bath Quartermaster said: “We’ve been very impressed by the quality and attention to detail that Summerfield has displayed, as this cutting edge storage facility was designed within very fine tolerances to facilitate state of the art picking equipment.  Trading under the Stowsafe Storage banner, we look forward to servicing customers based in the south west.”

Westpark 26 accommodates a broad spectrum of businesses with on site amenities include a 60 bed Travelodge hotel, The Skylark pub, a Shell petrol filling station, Budgens convenience store, Anytime Fitness gym with 24 hour access, Costa Express (opening mid December 2019) and a Subway restaurant.  More information is available via Westpark 26.

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Groundbreaking marks start of work at St. Modwen Park Chippenham https://www.alderking.com/groundbreaking-marks-start-of-work-at-st-modwen-park-chippenham/ https://www.alderking.com/groundbreaking-marks-start-of-work-at-st-modwen-park-chippenham/#respond Thu, 14 Nov 2019 16:28:01 +0000 https://www.alderking.com/?p=6210 St. Modwen has commenced construction on the first phase of development at St. Modwen Park Chippenham. The developer has broken ground on a 106,000 sq […]

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St. Modwen has commenced construction on the first phase of development at St. Modwen Park Chippenham.

The developer has broken ground on a 106,000 sq ft speculative unit with plans to complete the site wide preparation and deliver a further phase in 2020.

The site, formerly known as Chippenham Gateway, secured planning permission from Wiltshire Council in August 2018 and has permission to build a variety of units ranging from 100,000 sq ft to 1,000,000 sq ft on the 79-acre site.

Once completed, the whole site is expected to create around 1,300 jobs once complete as well as skills, training and apprenticeship opportunities through a planned partnership with Wiltshire College.

Longer term, St. Modwen Park Chippenham will generate significant inward investment for the local area with a growth potential of around 1,000 jobs once the site is fully operational.

Located in Wiltshire, the site is strategically located off junction 17 of the M4 in the heart of the south west logistics triangle, serving both Bristol and Swindon. Mainline rail links provide access to London Paddington in just one hour and 15 minutes.

Peter Davies, Development Director at St. Modwen Industrial & Logistics, said: “St. Modwen Park Chippenham is a key industrial and logistics site in the south west region. We have already had a significant amount of interest due to its excellent location and we are able to meet specific occupier requirements with build to suit solutions in addition to our high-quality speculative build programme.”

Alistair Cunningham, Executive Director at Wiltshire Council, added: “St. Modwen Park Chippenham is an important site with real potential for growing employment in the north of the county. Once complete, the site will drive economic development as well as bring job opportunities to the area.”

Ben Shearman, Operations Manager at Winvic Construction Ltd, commented: “Our relationship with St. Modwen has gone from strength to strength and we look forward to commencing work on site and continue working in partnership to deliver quality units across the UK.”

The joint agents for the site are Alder King, DTRE and JLL. For more information on both sites, please visit: stmodwenlogistics.co.uk

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Mitie consolidates Bristol operations at The Chocolate Factory https://www.alderking.com/mitie-consolidates-bristol-operations-at-the-chocolate-factory/ https://www.alderking.com/mitie-consolidates-bristol-operations-at-the-chocolate-factory/#respond Wed, 30 Oct 2019 09:24:55 +0000 https://www.alderking.com/?p=6171 The UK’s leading facilities management and professional services company, Mitie has opened a new office at The Chocolate Factory at Somerdale in Keynsham, consolidating a […]

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The UK’s leading facilities management and professional services company, Mitie has opened a new office at The Chocolate Factory at Somerdale in Keynsham, consolidating a number of its Bristol sites into one primary location.

Staff from Mitie’s offices at Harlequin Office Park at Emersons Green, Argentum House on Coldharbour Lane and Temple Quay in Bristol relocated to The Chocolate Quarter development at the end of October.

Mitie has taken the entire first floor of the building.  Its fit-out includes the installation of 16 electric vehicle (EV) charge points for its fleet of EVs. The 17,000 sq ft letting leaves just one ground floor office suite of 5,200 sq ft available.

The letting demonstrates The Chocolate Factory’s pulling power as a business location, says Alder King’s Tom Dugay who negotiated the transaction.

“The St Monica Trust has created an exceptionally high quality office development in the Chocolate Factory.  The property has attracted a select group of high calibre tenants who clearly recognise the value in providing their staff with an excellent working environment in a vibrant mixed use location and with a good range of on-site amenities.

“The on-going success of the scheme has certainly helped promote Keynsham as a sustainable business location.”

Other occupiers at The Chocolate Factory include Pukka Herbs, Independent Vetcare and St Augustine’s Surgery Medical Practice.

Information on the remaining ground floor unit is available from Alder King via here.

The Chocolate Factory forms part of the St Monica Trust’s wider Chocolate Quarter development  which was completed in 2017.  The development is home to 140 assisted living apartments, a 90-bed care home as well as a range of retail and leisure facilities.

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Former church in Shortwood, Gloucestershire for sale https://www.alderking.com/former-church-in-shortwood-gloucestershire-for-sale/ https://www.alderking.com/former-church-in-shortwood-gloucestershire-for-sale/#respond Tue, 29 Oct 2019 09:25:40 +0000 https://www.alderking.com/?p=6166 A former church near Nailsworth in Gloucestershire has been put up for sale with a guide price of £125,000. The Grade II listed All Saints […]

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A former church near Nailsworth in Gloucestershire has been put up for sale with a guide price of £125,000.

The Grade II listed All Saints Church at Shortwood closed in 2010 after 150 years of service due to a declining congregation.  It is now on the market through property consultants Alder King.

The property is located on the edge of Shortwood, directly opposite the Shortwood Football Club ground, and provides 1,469 sq ft of accommodation.  It benefits from planning permission for non-residential educational, community or charitable use but is potentially suitable for other uses subject to planning.

Philip Pratt, partner in Alder King’s Gloucester office, said: “This is certainly one of our more unusual properties.  It has played a key role in the local community for over 150 years and we hope that it will be given a new lease of life and continue to be a focal point in the years to come.”

More information about the property can be found via www.alderking.com

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Above & Beyond expands office into Whitefriars https://www.alderking.com/above-beyond-expands-office-into-whitefriars/ https://www.alderking.com/above-beyond-expands-office-into-whitefriars/#respond Tue, 22 Oct 2019 11:42:38 +0000 https://www.alderking.com/?p=6131 Above & Beyond, the official charity that raises funds for nine Bristol city centre hospitals, including South Bristol Community Hospital, is relocating its main office […]

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Above & Beyond, the official charity that raises funds for nine Bristol city centre hospitals, including South Bristol Community Hospital, is relocating its main office to Whitefriars, the landmark office building on Lewins Mead in the heart of Bristol city centre.

The charity, advised by Alder King, has acquired a 4,807 sq ft suite on the 6th floor and is now fitting out the accommodation before its 30-strong team moves in later this month.  JLL and Hartnell Taylor Cook represented the landlord Topland in the transaction.

Tom Dugay, office associate at Alder King, said the choice of Whitefriars was a straightforward decision as the accommodation met all the charity’s key search criteria of location, size and layout.

“Remaining close to the BRI and the central hospital network was a fundamental requirement and of course Whitefriars is just a few minutes’ walk away.  The suite is also larger than their current office and is open plan so provides more effective space than their current accommodation in the nearby Abbot’s House.”

The charity took a 10 year lease on the suite.

Paul Kearney, CEO of Above & Beyond, added: “The new office will provide our team with a much more productive and professional working environment from which to coordinate our fundraising plans, as we embark on an exciting new phase of growth and innovation. With the support of our Trustees, it was particularly important to find a location that provides a pleasant and effective working environment.  Alder King provided excellent advice and evaluation support throughout the search and completion process.”

Current Above & Beyond appeals include Cancer Research in Bristol, Stand by the NHS and Ward D603 Refurbishment.

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Weston-super-Mare to get its first major student accommodation scheme https://www.alderking.com/weston-super-mare-to-get-its-first-major-student-accommodation-scheme/ https://www.alderking.com/weston-super-mare-to-get-its-first-major-student-accommodation-scheme/#respond Thu, 17 Oct 2019 09:00:35 +0000 https://www.alderking.com/?p=6096 A vacant office building in central Weston-super-Mare has been sold for conversion into student accommodation.  The development will be Weston’s largest student accommodation scheme to […]

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A vacant office building in central Weston-super-Mare has been sold for conversion into student accommodation.  The development will be Weston’s largest student accommodation scheme to date and will support both the regeneration of the Grove Village area and the growth ambitions of Weston College, providing accommodation for students attending courses at University Centre Weston.

Parkside House on Grove Road has been acquired by the DPL Partnership and West End Investments off a guide price of £2.5 million.   The vendor was a private investor represented by Alder King.

DPL Partnership secured planning permission for its scheme earlier this year.  It now plans to refurbish and remodel the former HMRC office with external alterations and an additional floor extension to create a total of 109 student bed spaces. The scheme will include five studios, 15 twodios and cluster accommodation, with a residential warden and associated student facilities such as laundry and study rooms, a gym and dance studio.

The scheme is scheduled to be ready for occupation by the start of the next academic year in September 2020.

Parkside House is in a highly sustainable and accessible location, close to Weston College, the retail centre and public transport links.  The redevelopment has been endorsed by the College which has seen a year on year increase in the University Centre Weston student population following the expansion of its higher education provision.

Tom Dugay of Alder King says the redevelopment of this property will regenerate this central part of Weston.

“This office property has lain vacant for over six years.  This scheme will finally bring it back into use and will act as a catalyst for the regeneration of the Grove Park area as well as the town centre.”

DPL Partnership focuses on the acquisition and repositioning of commercial, residential and retail assets and has particular expertise in purpose-built off campus student accommodation.  Completed developments include The Platform and St Stephens House in Bristol.  Parkside House will be its first scheme in Weston.

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Six warehouse units let, sold or under offer in speculative Weston scheme https://www.alderking.com/six-warehouse-units-let-sold-or-under-offer-in-speculative-weston-scheme/ https://www.alderking.com/six-warehouse-units-let-sold-or-under-offer-in-speculative-weston-scheme/#respond Mon, 07 Oct 2019 11:12:23 +0000 https://www.alderking.com/?p=6043 Six out of seven units in a new speculative warehouse scheme in Weston-super-Mare have been let, sold or placed under offer before construction had completed, […]

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Six out of seven units in a new speculative warehouse scheme in Weston-super-Mare have been let, sold or placed under offer before construction had completed, demonstrating the strength of demand for small units in the town.

The 22,000 sq ft warehouse development at 12 Beaufighter Road on Weston Business Quarter has delivered two terraces of small shell condition units.  The first terrace of four units was completed in June and the second terrace of three units has just completed.

It is the third phase of development by developer KMW Trading Limited at Weston Business Quarter.  Alder King are the property agents.

The 2,583 sq ft Unit 1 has been acquired by SMG Screeding which will relocate to the Beaufighter Road scheme from Langford in January 2020.

Unit 2, also 2,583 sq ft, has been let to Prestige Motorhome Hire, a family-run luxury motorhome hire business.  The office area of the unit was built to its bespoke design to provide a high quality environment for clients; the rest of the unit allows its motorhomes to be stored and handed over to clients under cover while also providing safe and secure storage for clients’ vehicles while they are on holiday.

Unit 4 has been let to Mesh Global, a multi-disciplined engineering services and training provider which has relocated from smaller premises on Oldmixon Crescent in Weston-super-Mare.

Units 3, 6 and 7 have all recently gone under offer to two local businesses, leaving just one unit of 4,198 sq ft available on a leasehold or freehold basis.

Associate Emma Smith from Alder King’s industrial agency team, says: “KMW Trading Limited has seen strong demand for all three of its developments in Weston, due largely to the lack of quality stock in the town.  There is a real requirement from the SME market for this type of small unit and KMW’s confidence in proceeding with a third speculative scheme has paid off.”

More information on 12 Beaufighter Road, Weston-super-Mare is available here.

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Planning permission secured for Kingswood’s Masters Church site https://www.alderking.com/planning-permission-secured-for-kingswoods-masters-church-site/ https://www.alderking.com/planning-permission-secured-for-kingswoods-masters-church-site/#respond Tue, 01 Oct 2019 16:01:12 +0000 https://www.alderking.com/?p=6020 Alder King Planning Consultants have secured planning permission for Crossman Homes’ residential redevelopment of the derelict Masters Church site in Kingswood, South Gloucestershire. The scheme […]

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Alder King Planning Consultants have secured planning permission for Crossman Homes’ residential redevelopment of the derelict Masters Church site in Kingswood, South Gloucestershire.

The scheme allows the redevelopment of the Grade II listed Masters Church into 19 one-bedroom apartments and the change of use of its cemetery to a public park. The planning permission also includes the erection of a terrace of three new build houses adjacent to the Chapel House as enabling development to cross-subsidise the scheme.

An added complication to the scheme was the adjoining Grade I listed Whitfield Tabernacle which, according to Historic England, is one of the most at risk buildings in the country.

Despite the complexities of the site, Alder King successfully presented the necessary viability assessment to support the enabling case, and demonstrated to South Gloucestershire Council that the benefits of the scheme would outweigh any harm to heritage assets. In negotiating the planning permission, Alder King also successfully avoided the imposition of both CIL and s106 financial contributions.

Matt Halstead, partner in Alder King’s planning team, commented: “This project involving our viability and planning teams is a great example of our multi-disciplinary approach to complex planning cases and has produced a great result for Crossman Homes and the Kingswood community, giving this site a new future.”

The Whitfield Tabernacle was erected in 1741 at the request of George Whitfield who donated money for the project when he left to preach in America. Whitfield was a contemporary of Charles and John Wesley at Oxford and together with John Cennick of Bristol were largely responsible for establishing Methodism as a separate church of which Wesleyan Methodism was the largest element. Meetings at The Tabernacle became so popular that the building was extended in 1802, and 1851, and in 1851 a new larger church – the Masters Church designed by Henry Masters, a local builder and architect, was erected in 1851 on the west side of the site.  The Tabernacle was transferred to local charity the Whitfield Tabernacle Trust and does not form part of the Crossman scheme.

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Alder King wins Gloucestershire’s Most Active Agent competition https://www.alderking.com/alder-king-wins-gloucestershires-most-active-agent-competition-2/ https://www.alderking.com/alder-king-wins-gloucestershires-most-active-agent-competition-2/#respond Wed, 25 Sep 2019 09:58:10 +0000 https://www.alderking.com/?p=6007 For the 12th year in succession, Alder King’s Gloucester team is celebrating being named Gloucestershire’s most active property agent. The nine strong team, based at […]

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For the 12th year in succession, Alder King’s Gloucester team is celebrating being named Gloucestershire’s most active property agent.

The nine strong team, based at Gloucester Business Park, won the award from property publication Estates Gazette for completing the highest volume of commercial property transactions in the county over the past year.

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

He said: “This is a fantastic accolade and testament to the quality of advice, market knowledge and customer service that our team provides to clients.  But we must also acknowledge our gratitude to our developer and occupier clients who appoint us to act on their behalf.  Without their confidence in us, we would not be completing such a consistently high volume of deals year after year.”

Commenting on the market, he added: “Gloucestershire’s property market remains as robust as ever, with strong occupier and investor demand and good levels of speculative development.  However supply of prime, secondary and tertiary stock remains low.

“The county’s manufacturing sector continues to be a major driver of investment.  Significant transactions in which we were involved include two bespoke buildings totalling 330,000 sq ft now under construction at Gloucester Business Park for G-Tekt and Dowty Propellers.

“Arlington’s 65,000 sq ft office prelet to Ecclesiastical Insurance Group, also at Gloucester Business Park, is also worth mentioning.  The largest office prelet in Gloucester for 20 years, it represented a strong vote of confidence in the county as a successful business location.

“But it’s not just the large high profile deals mentioned here; we are just as proud of the many smaller deals we’ve completed for small and medium sized businesses right across the county enabling them to find the premises they need to expand.”

More information about Alder King’s agency services is available from www.alderking.com or from Alder King’s Gloucester office on 01452 623290.

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Alder King announces two promotions https://www.alderking.com/alder-king-announces-two-promotions-3/ https://www.alderking.com/alder-king-announces-two-promotions-3/#respond Tue, 24 Sep 2019 14:44:17 +0000 https://www.alderking.com/?p=6001 Property consultancy Alder King has announced two promotions in its Bristol office.   Adam Davies from the firm’s facilities management team becomes a partner and Portia […]

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Property consultancy Alder King has announced two promotions in its Bristol office.   Adam Davies from the firm’s facilities management team becomes a partner and Portia Banwell is promoted to senior planner.

Adam joined Alder King in 2010 and over the past nine years has significantly advanced the firm’s FM capability and instruction base.  He now advises a wide range of clients on the full spectrum of FM services including strategic advice, procurement, health and safety and environmental management.

Portia joined Alder King’s planning team in 2016 and has played a key role in planning applications for many commercial and residential development projects across the region while also studying towards her Royal Town Planning Institute accreditation.  She successfully qualified as a member of the RTPI in 2018.

Senior partner Martyn Jones said: “Adam and Portia have made a great contribution to their teams and the firm in recent years, demonstrating initiative and hard work.  It is very pleasing to reward their commitment with these promotions and we look forward to supporting their continued career development in the years to come.”

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Network Rail releases Truro city centre site for housing development https://www.alderking.com/network-rail-releases-truro-city-centre-site-for-housing-development/ https://www.alderking.com/network-rail-releases-truro-city-centre-site-for-housing-development/#respond Mon, 16 Sep 2019 09:18:47 +0000 https://www.alderking.com/?p=5958 Network Rail has released for sale a 4.46 acre brownfield site adjacent to Truro railway station for residential development which, if granted planning permission, will […]

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Network Rail has released for sale a 4.46 acre brownfield site adjacent to Truro railway station for residential development which, if granted planning permission, will provide much needed new housing within walking distance of Truro’s main retail and business district.

The site off Station Road is currently occupied by two large dated warehouse buildings totalling circa 72,000 sq ft which are no longer required to support the railway. Property consultants Alder King have been appointed to market the freehold of the site.

Network Rail has already made Pre-Application planning enquiries of Cornwall Council’s planning department and received a positive response to the principle of residential development. Currently accessed via a level crossing off Station Hill, it is anticipated that developers will seek to create a new access off Dobbs Lane to the west of the site.

Tom Duncan of Alder King’s Truro office says this is an important development opportunity for Truro.

“It is unusual for a brownfield site of this size to become available within such close proximity to the city centre. The site therefore offers a major opportunity to create a high-quality sustainable development with good links to public transport and within walking distance of shops and services. Regenerating a brownfield site like this protects valuable greenfield land and offers the best future use of older industrial buildings which are nearing the end of their economic life.”

 David Biggs, Managing Director, Network Rail Property, said: “We’re working hard to find as many sites as possible to release to the market for much needed new housing.

“Releasing land for housing is part of our strategy to drive economic growth and help communities thrive, while generating funds to reinvest back into the railway.”

Interested parties are invited to submit offers to Alder King’s Truro office at 22 Lemon Street.  Further information is available here or from Tom Duncan on 01872 227005 or via tduncan@alderking.com.

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Simon Price elected new senior partner for Alder King https://www.alderking.com/new-senior-partner-for-alder-king/ https://www.alderking.com/new-senior-partner-for-alder-king/#respond Tue, 10 Sep 2019 09:06:22 +0000 https://www.alderking.com/?p=5931 South West property consultancy Alder King has elected Simon Price as its new senior partner.  He will succeed Martyn Jones, who is stepping down after […]

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South West property consultancy Alder King has elected Simon Price as its new senior partner.  He will succeed Martyn Jones, who is stepping down after more than 10 years in the role, on 1 November 2019.

Price leads the firm’s agency team, specialising in office agency and commercial development.  He joined the firm as a graduate surveyor in 1988 and was appointed partner in 1997. He is widely recognised in the market for his role in delivering some of Bristol’s most significant office transactions including 2 and 3 Glass Wharf in Bristol’s Temple Quarter Enterprise Zone.

Congratulating his predecessor, Simon said: “Martyn has successfully led the business for over a decade.  During his tenure he has shaped the firm into the strong business you see today and we thank him for his contribution.  He hands the business over in robust shape and I look forward to building on his impressive record.”

Martyn will continue to lead Alder King’s professional services team.  He said: “As a business we have always recognised the importance of planned succession and, after deciding last year that the time was right to pass on the mantle, Simon and I have worked closely together to achieve a seamless transfer of the leadership of the business.  Simon assumes the role with the unanimous support and confidence of the partnership and we all wish him well.”

Alder King is a top 25 UK property consultancy, providing multi-disciplinary advice to private and public sector clients throughout the country on all aspects of commercial property and land.  Established in 1911 and employing around 130 people, the practice operates from seven offices in Bristol, Cardiff, Exeter, Gloucester, Swindon, Taunton and Truro.  It has won the Estates Gazette ‘South West Most Active Agent’ award for 18 consecutive years.

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GRIDSERVE submits first electric forecourt planning application https://www.alderking.com/gridserve-submits-first-electric-forecourt-planning-application/ https://www.alderking.com/gridserve-submits-first-electric-forecourt-planning-application/#respond Mon, 09 Sep 2019 13:22:36 +0000 https://www.alderking.com/?p=5927 Alder King client GRIDSERVE has submitted a planning application to build an Electric Forecourt™ in Braintree, Essex.  If approved it will be the first of […]

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Alder King client GRIDSERVE has submitted a planning application to build an Electric Forecourt™ in Braintree, Essex.  If approved it will be the first of over 100 sites across the UK that aim to make charging an electric vehicle (EV) as easy as using petrol stations. 

Braintree Electric Forecourt®, located next to the Horizon 120 Business & Innovation Park, planned for Great Notley, will offer the world’s fastest charging rates, charging a typical EV in less than 30 minutes.  It will put Braintree at the vanguard of the low-carbon transport revolution. The location of the forecourt will offer direct access to major link roads, while also capturing both regional and last mile travel for homes and businesses.

Alder King was appointed last year to identify prominent sites of between 0.8 and 1.5 acres.  Sites are ideally adjacent to a main road or close to a conurbation and available for occupation for at least 30 years. Rents of up to £100,000 per acre are available for the very best sites.

Alder King’s appointment coincided with the Government’s Road to Zero Strategy which set out plans for the UK to lead the world in zero emission vehicle technology. The plans include a significant roll-out of infrastructure to support the electric vehicle revolution.

Simon Smith, lead energy partner at Alder King, said: “Sales of EVs and hybrid vehicles increased by nearly 35% last year and this trend is set to continue as all car manufacturers launch new EV models.  High quality charging infrastructure that appeals to motorists’ established method of refuelling will be the fastest way to facilitate continued growth.”

Raoul Tufnell, chief development officer at GRIDSERVE, said: “Electric ForecourtsTM  will democratise electric vehicle ownership by making it possible for drivers who do not have space for a charge point at their home to charge their cars at low cost at a dedicated nearby forecourt.  Our Electric Forecourts™ are designed to transform users’ charging experience, giving motorists security both in the location and reliability of our infrastructure.”

Landlords who believe they have suitable sites for an Electric ForecourtTM are invited to contact Simon Smith or Hugh Collins at Alder King on 0117 317 1000.

GRIDSERVE is a rapidly expanding energy services company which has been responsible for the development, construction and operation of more than a gigawatt of solar energy and energy storage solutions, including connecting over 100 utility-scale sustainable energy projects to the UK grid over the past five years.  More information is available from www.gridserve.com

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Crossfit gym to open in Cheswick Village https://www.alderking.com/crossfit-gym-to-open-in-cheswick-village/ https://www.alderking.com/crossfit-gym-to-open-in-cheswick-village/#respond Thu, 05 Sep 2019 08:53:31 +0000 https://www.alderking.com/?p=5915 The new owners of The Square in Cheswick Village in North Bristol have secured their first new occupier since acquiring the mixed use neighbourhood scheme […]

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The new owners of The Square in Cheswick Village in North Bristol have secured their first new occupier since acquiring the mixed use neighbourhood scheme late last year.

London-based The Ironmongers’ Company acquired the investment of the multi-let scheme in December 2018 from the developers Balfour Beatty.  The centre was developed in early 2015 to provide a community focus for the 1,000 home Cheswick Village and the wider developments. The Square is already home to Boston Tea Party, The Cooperative Food, Happy Days Nursery, Barnardo’s and a number of takeaway restaurants.

Letting agents Alder King have now let Unit 8 to local personal training and fitness studio JMPT Ltd.  This will be JMPT’s second studio in the region – they already run the highly successful Crossfit Chew Valley in the Old Cattle Market in Winford. JMPT agreed a 10 year lease and secured change of use consent on the 4,056 sq ft ground floor unit.

This letting leaves just two vacant units of 1,208 sq ft and 1,444 sq ft, both of which are available to rent through Alder King. The remaining units have planning consent for A1-A5 use.

Rebecca Harries from Alder King’s retail agency team said: “The addition of a good quality fitness studio to The Square will be an excellent addition to the line-up, helping to drive footfall and support the existing businesses.

“The new owners are focused on attracting a diverse and complementary tenant mix to serve the day to day needs of local residents.  The scheme is now 90% occupied and we have encouraging interest in the remaining two units.”

Carter Jonas have also recently completed a letting on The Square on behalf of Southern Co-op. Bessellscotts Barber Lounge & Wine Bar has taken a sub-lease on circa 1,500 sq ft.  It is currently fitting out and plans to open the barber shop and bar later this year.

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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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