Energy Assets Group, Britain’s leading independent meter asset management company, has unveiled plans for rapid expansion in the ‘final mile’ electricity and gas network ownership and operator market. Energy Assets has been awarded an Independent Gas Transporter (IGT) and Independent Distribution Network Operator (IDNO) license to own, adopt and operate
London-based European real estate investment and asset management firm, Catalyst Capital, has invested hundreds of thousands of pounds to refurbish an office development in the heart of Hull city centre. Chameleon Business Interior has renovated Anchor House, based in the Maltings on Silvester Street, into a New York-loft style work
BDC 319 : Aug 2024
Energy Assets Group, Britain’s leading independent meter asset management company, has unveiled plans for rapid expansion in the ‘final mile’ electricity and gas network ownership and operator market. Energy Assets has been awarded an Independent Gas Transporter (IGT) and Independent Distribution Network Operator (IDNO) license to own, adopt and operate gas and electricity networks and the company has launched Energy Assets Pipelines and Energy Assets Networks as independent gas and electricity network ownership entities. Working alongside its direct labour division and Dragon Infrastructure Solutions (part of Energy Assets) the businesses are also partnering with independent utility construction contractors and residential and commercial developers to provide innovations in asset-based finance, network design, network ownership, compliance and management. Colin Lynch, Energy Assets’ Chief Executive Officer, says the move into ‘final mile’ network ownership comes at a time of great opportunity for the house builder and developer sector. “Britain stands on the brink of the biggest house building programme for generations,” he said. “With the government’s stated aim of creating 300,000 new homes every year, the question is – how can developers and contractors make the most of this opportunity? “To help house builders and NERS and GIRS approved contractors deliver the most cost-effective and efficient utility networks, we’ve created ownership vehicles that will speed up design and approvals timescales and offer innovative asset-based finance packages. We are also one of just a handful of independent operators authorised by OFGEM for both gas and electricity network ownership and management.” As part of this drive, the Group’s recently-acquired business Utility Distribution Networks Ltd, an IDNO, is being rebranded Energy Assets Networks and will be building on its established relationships with house builders and contractors to drive expansion across Britain. Gas network ownership will be managed through Energy Assets Pipelines, a new business that will leverage the Group’s extensive gas network design and asset management expertise. Debbie Edgar, Managing Director of Energy Assets Networks, commented: “The launch of Energy Assets network ownership continues to transform the competitive landscape in the ‘final mile’ of utility connections and ownership. The flexibility that is available to IDNOs such as Energy Assets Networks creates innovative finance options for contractors and developers that the existing distribution network operators simply cannot match.” John McLuskey, who is leading Energy Assets Pipelines gas operation, said: “With Energy Assets’ proven asset management expertise and our track record in delivering process innovation, we see great opportunities opening up for our customers to speed up network construction through expert design certification, compliance support and flexible funding options, resulting in a more cost-effective utility provision.” www.energyassetsnetworks.co.uk www.energyassetspipelines.co.uk
London-based European real estate investment and asset management firm, Catalyst Capital, has invested hundreds of thousands of pounds to refurbish an office development in the heart of Hull city centre. Chameleon Business Interior has renovated Anchor House, based in the Maltings on Silvester Street, into a New York-loft style work space. Originally built in the late 1860s for the Hull Brewery Company Ltd, The Maltings and Anchor House were used for storing barrels waiting to be distributed to the city’s many pubs. The refurbishment has now transformed Anchor House into a range of office suites available for lease, from just less than 400 sq ft to almost 10,000 sq ft in area, as well as a sandwich bar opportunity sitting in the heart of the wider commercial district. Larger units of up to 20,000 sq ft are expected to come available in Anchor House later in the year. The building is being marketed by East Yorkshire property agent, PPH Commercial. Nick Pearce, PPH director, commented: “Hull, and the wider region, is in the midst of a cultural and economic revolution and with that comes a lot of attention, both nationally and globally. It is no surprise, therefore, that overseas investors are beginning to notice the city’s property market and get excited about it. “Anchor House is a fantastic relic of Hull’s industrial past which found a new lease of life as attractive offices. “Now, with the refurbishment completed, it is one of the most stunning locations in the city centre, with units available to suit start-ups through to much larger organisations. “We expect a lot of enquiries from local companies, but also from national companies as well because Hull’s new found status, coupled with the quality of the space, means Anchor House should attract attention from far and wide”.
