January 13, 2021

Network Rail And TIER Arrive At York Business Park

Evans Property Group has fully let Phase 1 at Quad, its £1.4 million York Business Park industrial scheme, within 3 months of practical completion. The property investor and developer has concluded lettings on all three recently developed units to Network Rail and leading European micro-mobility operator, TIER Operations Ltd with

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Issue 324 : Jan 2025

January 13, 2021

BARMSTON TO DEVELOP FINAL PLOT ON SUCCESSFUL ENTERPRISE 36 SCHEME IN TANKERSLEY, J36 M1

Stainforth Construction Ltd have been appointed by Barmston Developments a subsidiary of Leeds based Wilton Developments to deliver the final plot on the successful Enterprise 36 industrial park in Tankersley, South Yorkshire. The contractor will start on-site later this month to deliver an 80,500 sq ft HQ building for an undisclosed occupier. Enterprise 36 is a four-unit development located just 1 mile from J36 of the M1. Last year Barmston Developments, advised by CBRE & CPP, completed deals on Unit 4 to William Rowland and Unit 3 to label printing specialists Dura ID Solutions Ltd.  Following the letting of Unit 1, just one unit remains available. The available 77,804 sq ft Unit 2 has been speculatively developed to a high specification and is ready for immediate occupation having recently achieved practical completion. The successful development of Enterprise 36 is being supported by Barnsley Council’s Enterprising Barnsley investment team and their nationally recognised BMBC Property Investment Fund. Jason Stowe Managing Director of Wilton Developments said; “Enterprise 36 has proven to be an attractive proposition for occupiers seeking high quality, well-connected accommodation with a range of design and build options. We are delighted to have now secured occupiers for three out of the four units and our agents are handling interest in the remaining unit which is ready for immediate occupation. The creation of new jobs is important more now than ever and we are pleased to be adding more roles to the regional offering.” Mike Baugh, Senior Director at CBRE Leeds, said; “Occupiers have been quick to secure deals at Enterprise 36, recognising the benefits of the scheme’s strategic M1 positioning and attracted by the delivery solutions provided by the developer. The regional logistics sector continues to flourish and we are pleased to have Unit 2 available in an increasingly diminishing supply of high quality well located units in Motorway locations.” Cllr Tim Cheetham, Cabinet Spokesperson for Regeneration and Culture, said: “We are delighted that yet another business will be moving to Enterprise 36, assisted by our Enterprising Barnsley investment team. Enterprise 36 has been a real success story and demonstrates that by working in partnership with Barmston Developments, with the support of our Property Investment Fund, they have been able to deliver first class industrial premises in an excellent location”. CBRE are acting as joint agents on the scheme with CPP.

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Network Rail And TIER Arrive At York Business Park

Evans Property Group has fully let Phase 1 at Quad, its £1.4 million York Business Park industrial scheme, within 3 months of practical completion. The property investor and developer has concluded lettings on all three recently developed units to Network Rail and leading European micro-mobility operator, TIER Operations Ltd with a fourth unit set to complete in the summer.   The 4,225 sq ft Unit 1 has been let to TIER to help service its year-long agreement with York City Council to provide an e-scooter trial on the streets of York.  Units 2 and 3, comprising 3,650 sq ft and 3,250 sq ft respectively, are let to Network Rail on a 5 year term and each unit contains integral office accommodation, secure parking and a fenced yard area. The Quad scheme, which was completed by contractor CBM Construction in September 2020, was developed to deliver high quality industrial/warehouse accommodation to the regional pipeline at a time when demand outweighs current supply. Located on Great North Way, the main estate road within the established York Business Park, the units are just 3 miles from York City Centre and front onto the York outer ring road and the A64. Evans has secured planning consent for an additional 5,250 sq ft Unit 4 at Quad and CBM Construction has commenced work with completion scheduled for summer 2021. Joint agents Flanagan James and Savills are marketing the unit to potential occupiers. The investment by Evans continues the firm’s long-standing interests in York Business Park which have spanned some three decades and included the delivery of units for Evans Easy Space and Evans Business Living. Richard Bean, Senior Asset Manager for Evans Property Group, said; “To have achieved full occupation of all three developed units at Quad within just 12 weeks of completion is a fantastic result. We are delighted to be able to assist TIER with accommodation to service its York e-scooter trial and to be welcoming National Rail on board to two units. The success of Phase 1 has enabled us to commence works on the next unit and our agents are currently handing interest in Unit 4.” Richard Flanagan, Director at Flanagan James, continued; “The industrial market in York is reflective of the wider national picture, where demand for all unit sizes is high and good quality units are in short supply. To have concluded deals on 3 units within 3 months at Quad demonstrates the quality of product and appeal of the strategic location and we are confident in securing a fourth occupier for the final unit which is currently under construction.”

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Why and How You Should Improve Your Credit Score Before You Buy a Home

Owing to the pandemic there is a certain amount of uncertainty in the market but there are still opportunities for buyers with the necessary capital to buy new homes. If you are looking to purchase a new house, it is essential to improve your credit score and get all your finances and documents in order. The mortgage experts at Rex Homes Real Estate have some additional information on how you can turn your credit score around. Why Is It Is Important to Have A Good Credit Score? Credit score affects the amount you can borrow. Mortgage lenders always take the credit score into consideration when reviewing your mortgage application. A good credit standing is an indication to lenders that you are a good borrower and can be trusted to pay back the loan. An excellent credit score can help you obtain low-interest rates thereby allowing you to save thousands of dollars. How Can You Improve Your Credit Score? Multiple factors such as length of credit history, payment history, credit limit, and the amount you owe can influence your credit score. Here are 5 steps that you can follow to improve your credit score. Check for errors on your credit report Inaccuracies in the credit report can hamper your chances of mortgage approval. Some of the most common credit report errors include incorrect accounts, duplicate or fraudulent accounts, incorrect payment information, or outdated information. You should periodically check your credit score through the credit bureau and get any errors corrected by filing a formal dispute with the bureau. 2. Pay your debts and credit mix About 30% of your credit score is made up of your credit utilization which is based on the credit you have and the amount of it that you have used. If you have more than 25% of your credit amount in debt, then work toward paying your debts to get the amount down to less than 10% to boost your score. In addition to debt payment, a mix of credit also helps in increasing your credit score. 3. Pay your bills on time Your credit payment history usually accounts for 35% of your credit score. Late bill payments by just 30 days can reduce your credit score by almost 100 points. It is recommended to set up reminders and automatic payments to ensure that all your bills are paid on time. 4. Minimize your credit card spending It is best to start paying off your major credit card bills and keep your credit card utilization low in the months leading up to your mortgage application. This will keep your account balances in check at all times as you do not know when the lender will check your credit report. 5. Think before opening a new credit account New credit constitutes 10% of your credit score. If there are multiple credit inquiries in a short period, it may be a red flag to lenders as it shows that you are too reliant on credit. Hard credit checks can also lower your score. Hence, it is best to hold off on applying for new credit cards or taking out any large personal loans. If you are planning to buy a home, seek help from a good mortgage professional who can assist you in improving your credit score and finding the best prices based on your current credit.

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