Alder King Property Consultants https://www.alderking.com Thu, 13 Jun 2019 13:36:06 +0000 en-GB hourly 1 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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Cotswold Homes acquires Tytherington site for 28 unit residential development https://www.alderking.com/cotswold-homes-acquires-tytherington-site-for-28-unit-residential-development/ https://www.alderking.com/cotswold-homes-acquires-tytherington-site-for-28-unit-residential-development/#respond Wed, 24 Apr 2019 14:19:14 +0000 https://www.alderking.com/?p=5369 Acting on behalf of private landowners, property consultants Alder King have finalised the sale of a four acre greenfield site in Tytherington, South Gloucestershire to […]

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Acting on behalf of private landowners, property consultants Alder King have finalised the sale of a four acre greenfield site in Tytherington, South Gloucestershire to local housebuilder Cotswold Homes.

Alder King negotiated an agreement between the landowners and Cotswold Homes, giving the housebuilder the option to acquire the land if it secured planning permission for residential development.  Alder King Planning Consultants were then instructed jointly by Cotswold Homes and the landowners to apply for planning permission for 28 two, three and four bedroom homes (10 of which were affordable homes), with new access, landscaping and associated works.

Despite this being a complex greenfield site, located outside of Tytherington’s settlement boundary, our planning team successfully secured full planning permission by structuring its planning case on the absence of a five year housing land supply.  South Gloucestershire Council granted permission in July 2018, at which point Cotswold Homes exercised its option to purchase the site.

Ben St Quintin, partner at Alder King who handled the sale of the site, said: “This is another excellent example of how a number of Alder King services, in this case planning and development, have combined to help a private landowner realise the value of their land where it has potential for residential development.

“We conducted a competitive tender process in order to select Cotswold Homes as the preferred development partner for our clients.  One particular factor in deciding to grant the option agreement to Cotswold Homes was their reputation for high quality developments in sensitive locations.  This was important to our clients who live locally and wanted the legacy of the development to be positive for the village.  We are now exploring other potential future phases of development with our client.”

Liam Rinn of Cotswold Homes added: “We are a local family-run business that strives to address the housing shortage with the focus on delivering quality homes. We were delighted to work with the landowner, Alder King and local stakeholders in bringing forward a sensitively designed development featuring a high quality palette of materials.  We have been delighted with the service from Alder King’s development and planning teams.”

Construction of the development, known as The Paddocks, is now underway.  The scheme of detached houses and bungalows is close to the heart of the village with its community shop and post office, pub and parish church.  The scheme is being marketed by Milburys Estate Agents in Thornbury.

Other landowners wishing to explore the value of their land and its potential for residential development are invited to contact Alder King to arrange a site visit and valuation and discuss the opportunity for planning.

DAC Beachcroft acted for the vendor; Osborne Clark represented Cotswold Homes.

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Two warehouse units under offer in speculative Weston-super-Mare scheme https://www.alderking.com/two-warehouse-units-under-offer-in-speculative-weston-super-mare-scheme/ https://www.alderking.com/two-warehouse-units-under-offer-in-speculative-weston-super-mare-scheme/#respond Tue, 23 Apr 2019 08:43:44 +0000 https://www.alderking.com/?p=5362 A 22,000 sq ft speculative warehouse development is under construction in Weston-super-Mare, with two of the seven units under offer three months before practical completion. […]

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A 22,000 sq ft speculative warehouse development is under construction in Weston-super-Mare, with two of the seven units under offer three months before practical completion.

Manor Court on Beaufighter Road is the third phase of development by developer KMW Trading Limited at Weston Business Quarter.  Alder King has been appointed as the property agents.

The scheme will provide seven shell condition warehouse units in two terraces. The first terrace of four units is scheduled for practical completion in June while the other three units will be ready in September.

Units range from 2,585 – 4,198 sq ft and are available individually or in combination and on a leasehold or freehold basis.

Associate Emma Smith from Alder King’s industrial agency team, says: “KMW Trading Limited saw strong demand for its two previous developments in Weston, due largely to the lack of quality stock in Weston, and both phases are fully occupied.  The market dynamics remain broadly the same and we are now witnessing similar keen interest at this early stage in the construction process from local owner occupiers.”

More information on Manor Court, Weston-super-Mare is available here.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Trio of lettings and new availability on Taunton’s Blackbrook Business Park https://www.alderking.com/trio-of-lettings-and-new-availability-on-tauntons-blackbrook-business-park/ https://www.alderking.com/trio-of-lettings-and-new-availability-on-tauntons-blackbrook-business-park/#respond Wed, 27 Mar 2019 09:48:32 +0000 https://www.alderking.com/?p=5306 Property consultants Alder King in Taunton have let a trio of office suites on Blackbrook Business Park, Taunton’s most prominent and prestigious office park, and […]

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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