Network Space Developments (NSD) has exchanged contracts to sell the second phase of its popular Tunstall Arrow scheme in Stoke-on-Trent, to 4th Industrial for an undisclosed sum ahead of its completion. Construction work is progressing well on the 2nd phase of this successful scheme which will provide an additional 111,000
Leading civil engineering and construction contractor Spencer Group has been appointed by Associated British Ports (ABP) to be part of a major national investment programme. Spencer Group has been appointed to the Industrial Buildings Framework Contract to build large-scale industrial buildings for ABP in four out of five regions across
Network Space has secured planning permission for the redevelopment of the former Cartwright headquarters on Atlantic Street in Altrincham, Greater Manchester. Broadheath Networkcentre will include a mixture of high-quality refurbished space alongside new builds, creating a modern, multi-let industrial site designed to attract a variety of businesses. The development will
Multi-disciplinary construction company, Harris CM, has started work on a £10 million contract building a major new mixed-use development at Wakefield’s City Fields development. The 110,000 sq ft development, by DeVeer Estates, which is the commercial arm of Berkeley DeVeer, is located on Neil Fox Way and will be known
Leading Yorkshire commercial property developer Wykeland Group has secured an £80m-plus investment by global medical technology business Smith+Nephew. Subject to planning approval, Smith+Nephew has announced it will build a new research and development and manufacturing facility for its Advanced Wound Management franchise at Wykeland’s Melton West business park in East
Unprecedented economic and social changes threaten profitability A new survey commissioned by OGL Group reveals that Covid, Brexit and the continued reliance on manual processes are the greatest factors affecting profitability for architecture, engineering and building sector wholesale businesses in 2022. The research focused on those companies that stock products
New state of the art 121,000 sq ft built to suit development will benefit from first class environmental facilities and include warehouse, office, training and workshop accommodation. Glencar, a leading UK construction company that was recently ranked amongst Europe’s fastest growing businesses, has today announced that it has been appointed
GLP, a leading investor and developer of logistics warehouses and distribution parks, today announced that it has begun earthworks on the site of G-Park Ashby-de-la-Zouch. G-Park Ashby is a 48-acre development site benefitting from an outline planning permission to deliver build-to-suit logistics warehouse opportunities of up to 736,487 SQ FT.
Civil engineering firm GRAHAM has completed work on a new junction on the M11, delivering one of the biggest highways infrastructure projects in Essex. The £76 million M11 Junction 7A scheme opened to the public ahead of schedule on Friday (10 June) and has created much-needed new access into Harlow
Phase two of landmark development ‘The Printworks’ has commenced 137 stylish apartments Property prices in Bradford set to double in the next five years* Bradford just crowned City of Culture 2025 First collaboration between developer The Investment Room and LH1 London Leading master agent LH1 London has been appointed by
Network Space Developments (NSD) has exchanged contracts to sell the second phase of its popular Tunstall Arrow scheme in Stoke-on-Trent, to 4th Industrial for an undisclosed sum ahead of its completion. Construction work is progressing well on the 2nd phase of this successful scheme which will provide an additional 111,000 sq. ft of industrial and logistics workspace on a 7.3 acre site. Caddick Construction started on site in November 2021, and are just over halfway through the build, with completion anticipated in Autumn 2022. Phase Two will deliver five high-specification highly sustainable business premises for industrial or logistics uses, ranging from 13,400 sq ft to 31,000 sq ft. Phase One of Tunstall Arrow, which opened in 2018, was sold by Network Space to 4th Industrial in February 2021. The scheme proved extremely popular being fully let prior to completion to a host of international tenants including – DHL Express, Boels Rental, Q-railing, Pramac Generac and SG Fleet. Other major occupiers in the area include Churchill China and JCB. Acquired by NSD in 2013, the Tunstall Arrow scheme covers 28 acres of a former colliery site adjoining the A527 (James Brindley Way) in Sandyford, Stoke-on-Trent. The scheme is close to the A500 with access to Junction 16 of the M6 only minutes away. Simon Peters, Development Director at NSD, said: “The Tunstall Arrow development has been a huge success story in terms of delivering sustainable employment and inward investment benefits for Stoke on Trent. “We are delighted to have exchanged contracts for the sale of Phase Two to 4th Industrial. This is the third scheme they have acquired from us and follows Tunstall Arrow Phase One and Ashroyd in Barnsley. Demand for well-located urban logistics and industrial space is extremely high and interest in Tunstall is strong. ” B8RE Investment Director Simon Wood added: “Following on from the sale of Phase 1 it has been fantastic to have been involved in the forward sale of Phase 2. Not only has it been really encouraging to see continued strong investor appetite for high quality schemes such as this but also Tunstall emerging as a really strong and recognised industrial location for investors and occupiers alike. Congratulations to both Network Space Developments and 4th Industrial on another successful deal.” 4th Industrial Managing Director, Derek Heathwood, said: “We are delighted to have agreed another deal with NSD providing real scale at this prime location. The acquisition of Tunstall phase 2 continues our investment theme of purchasing high quality, multi let industrial estates with strong ESG credentials in key target UK sub-markets. There is already significant interest in the units and we look forward to completing this purchase when the development is at practical completion.” Tunstall Arrow is a priority development for Stoke on Trent City Council, being one of the six sites in the Ceramic Valley Enterprise Zone. The CVEZ has potential to create up to 6,700 jobs and deliver 3.3 million sq ft of commercial space across six sites along the A500 corridor.
Leading civil engineering and construction contractor Spencer Group has been appointed by Associated British Ports (ABP) to be part of a major national investment programme. Spencer Group has been appointed to the Industrial Buildings Framework Contract to build large-scale industrial buildings for ABP in four out of five regions across the UK where the port owner operates – South East and North West England, Scotland and Wales. ABP is the UK’s leading ports group and its network of 21 ports supports 119,000 jobs and handles about a quarter of the UK’s seaborne trade, worth £150bn annually. The framework will run for five years, with scope to extend to a further two years. ABP plans to invest a significant value across the four regions with specific projects determined by port requirements in each location. The success for Spencer Group’s industrial division follows an extensive competitive tendering selection process involving both regional and national contractors across the UK. Spencer Group Off Site Construction Director Richard Green-Morgan, who leads the industrial division of the business, said: “We’re delighted to be appointed to this framework. This is a very significant contract for us and a positive continuation of our strong working relationship with ABP. “Being appointed by ABP in each of these regions is further evidence of our excellent reputation as a leading provider of multi-disciplinary engineering and construction projects across the UK. “It will also strengthen our presence and position these locations, undoubtedly creating opportunities to work with new partners and SMEs to jointly support ABP’s ambitious plans for the future. “We’re looking forward to getting started and working with ABP on these important projects.” Spencer Group has undertaken a number of schemes over the past year providing consultancy and construction services to develop and support a variety of capital projects in various ports. Spencer Group Managing Director Gary Thornton said: “Our appointment to the Industrial Buildings Frameworks Contract is very positive news for Spencer Group. “The framework is yet another example of our developing relationship with ABP, which started over 30 years ago. Our ability to provide technical support, design and delivery capabilities to provide new and enhanced existing assets and infrastructure mean we are able to support ABP’s investment decisions and meet their customer demands. “We’re proud of the faith shown in us by ABP and are looking forward to starting work under this new framework to deliver exceptional value to ABP and their customers.” Spencer Group delivers innovative engineering and construction solutions in the transport, infrastructure, materials handling, energy and industrial sectors. To find out more about the company’s work, visit www.thespencergroup.co.uk.
Network Space has secured planning permission for the redevelopment of the former Cartwright headquarters on Atlantic Street in Altrincham, Greater Manchester. Broadheath Networkcentre will include a mixture of high-quality refurbished space alongside new builds, creating a modern, multi-let industrial site designed to attract a variety of businesses. The development will deliver 205,000 sq ft of accommodation across 25 units, with workspace available from 2,100 sq ft to 39,500 sq ft. A highly sustainable development, Network Space will reuse and recycle existing steel and concrete structures on site, resulting in a significant reduction in embodied carbon in the development. The units are also designed to accommodate photovoltaic panels for renewable energy provision and electric vehicle charging on all units. Simon Eaton, Senior Development Manager at Network Space Developments, said: “With planning permission now secured, we can fully commence our development of this well-located and highly popular site which will appeal to local businesses, trade occupiers and last mile urban logistics firms. “We have already received very strong interest in the scheme from a range of businesses and with demolition already well underway, we hope to have units ready for occupation in early 2023. The scheme aligns perfectly with our strategy to deliver high quality, highly sustainable developments in key urban ‘last mile’ locations. We look forward to working closely with Trafford Council to deliver a scheme the borough can be truly proud of.” Network Space commenced the demolition in early May and are aiming for practical completion in early 2023.The scheme is set to revitalise the site, creating upwards of 400 new jobs and providing much needed speculative workspace in the region. Once complete, the scheme will have an estimated GDV of £45m. Jonathan Williams at Savills and Will Kenyon at B8 have been appointed as letting agents for Broadheath Networkcentre. The wider professional team includes Walker Sime, project management and quantity surveying, AEW architects and Spawforths is the planning advisor.
Multi-disciplinary construction company, Harris CM, has started work on a £10 million contract building a major new mixed-use development at Wakefield’s City Fields development. The 110,000 sq ft development, by DeVeer Estates, which is the commercial arm of Berkeley DeVeer, is located on Neil Fox Way and will be known as the City Fields District Centre. It will consist of eight retail units including a 24,500 sq ft supermarket, a children’s nursery, a management suite and 14 apartments. City Fields is a substantial 375-hectare new development that is creating a new community of over 2,500 homes, a new primary school, parkland and other public realm, connected via the new Wakefield East Relief Road. Harris CM is also currently building 77 houses at City Fields on behalf of Rula Homes. Jason Adlam, CEO at Harris CM, said: “It’s great to be starting work on another major development that will contribute towards the continued regeneration of our hometown of Wakefield. We are also thoroughly enjoying working on City Fields District Centre alongside several other Wakefield based companies including architects, The Harris Partnership and HJ Consulting Engineers. “When work completes in May 2023, this development will provide a focal point for City Fields and benefit both the development’s new residents and Wakefield as a whole, thanks to the new road connections to the city.” Jason added: “This continues to be an exciting time for Harris CM and City Fields is an important contribution to our strong pipeline of work for the next 18 months, which puts us on track to hit £70 million turnover in 2022.” Harris CM is a privately owned construction company that provides new-build and refurbishment property solutions throughout the UK, with over 50 employees in 2022.
Leading Yorkshire commercial property developer Wykeland Group has secured an £80m-plus investment by global medical technology business Smith+Nephew. Subject to planning approval, Smith+Nephew has announced it will build a new research and development and manufacturing facility for its Advanced Wound Management franchise at Wykeland’s Melton West business park in East Yorkshire. The location is just eight miles from Smith+Nephew’s current site in Hull, where the business has been located for more than 100 years. The new facility is expected to open in 2024. The investment will create a world-class R&D, manufacturing and flexible office environment, which is expected to support more than £8bn of sales in its first 10 years of operation. Melton West business park has been selected for the investment because of its proximity to the existing Hull facility. It also offers a site with the size and established infrastructure to accommodate the new facility and is allocated under the East Riding of Yorkshire Local Plan for developments of this kind. Dominic Gibbons, Managing Director of Hull-based Wykeland, owner and developer of Melton West, said: “We are delighted the strategic, long-term investments we have made in the infrastructure at Melton West business park have enabled Smith+Nephew to stay within the region and make such a huge investment in a state-of-the-art new facility. “Smith+Nephew is one of the region’s leading employers, with a proud local history and heritage. This investment will open an exciting new chapter in that story.” Simon Fraser, President of Advanced Wound Management for Smith+Nephew, said: “This major investment demonstrates our commitment to the UK and to building our leadership in Advanced Wound Management. “Smith+Nephew was founded in Hull in 1856 and we are proud to make this major investment in the region for future generations.” The 200-acre Melton West business park is one of Yorkshire and the Humber’s premier locations for investment and job creation. It enjoys a prime location west of Hull, off the A63 and connecting to the national motorway network within minutes via the M62. The Smith+Nephew facility will be the latest major development at the growing site, which features more than one millionsq ft of completed warehouse, distribution, manufacturing and office space. In December last year Wykeland secured planning permission from East Riding of Yorkshire Council for a £170m retail logistics fulfilment centre at Melton West. This centre will have a footprint of 558,000 sq ft and create 1,300-1,500 permanent jobs, additional seasonal and indirect employment, and further jobs during the construction phase. Last year Amazon opened a 125,000 sq ft last mile delivery centre on an adjacent site at Melton West and a new command and control facility for Humberside Police has recently been handed over and is due to be operational later this year. Other leading businesses at Melton West include Heron Foods, which has its national Distribution Centre and Store Support Centre on site; generator manufacturer Allam Marine; shower maker Kohler Mira; and Needlers, the UK’s leading supplier of safety and hygiene products to the food manufacturing industry.
Unprecedented economic and social changes threaten profitability A new survey commissioned by OGL Group reveals that Covid, Brexit and the continued reliance on manual processes are the greatest factors affecting profitability for architecture, engineering and building sector wholesale businesses in 2022. The research focused on those companies that stock products that support these sectors, from handheld laser distance meters, architect scales, power tools, ladders to trolleys, and provide equipment including welding machines, workwear and safety equipment, to providers and commercial businesses. The market size of the architectural industry is £6.5 billion in revenue in 2022, with the UK construction sector contributing more than £110 billion per annum and nearly 7% of GDP. The engineering and building sector is one of the UK’s broadest with 5.5 million people working in those industries, accounting for 18% of all UK employment. With the rapid increase in the need for housing, there is continued demand for architecture, engineering and building services, made more prominent by the return to work after 2020’s extended lockdown period. Both the Covid pandemic and Brexit have hit supply chains hard. Exacerbated by stock management pressures, architectural, engineering and business wholesale firms are citing top technology priorities for the next 12 – 24 months as business performance reporting 50%, linking ERP with eCommerce 33%, website creation/update 33% and order management software 33%. Insecurity around Brexit is affecting profitability at 58%, but this is now being overshadowed by Covid as the top factor at 67%. The pandemic has led to supply chain shortages with some architecture, engineering and building sector businesses stockpiling products and parts to ensure delivery to clients. Manual processes are still plaguing businesses, leaving them behind the curve with regards to digital transformation, since 75% cited them as a problem that can lead to potential loss of revenue, and inability to correctly assess performance and sales. Entering another potentially uncertain economic period with continuing supply-chain issues, the Ukraine-Russia war, cost of living and fuel price rises, wholesalers’ efforts to increase profitability are critical. Technology is at the heart of this. 92% of respondents agreed that automating business processes helps their companies stay competitive, up from 70% of engineering companies pre-pandemic. A key finding of the research was the wide spread of technologies used and the disparate nature of systems that are not necessarily “talking to each other” to provide a full view of operations. Wholesale businesses use a range of software systems to function: more than 95% of respondents use one or more software systems to run their business. Finbarr Creeney confirmed that his firm, Express Cutting & Welding Services, replaced accounting software, manual processes, inventory/stock control, and sales order/enquiry management with an integrated ERP system. 67% of respondents saw benefits from integrating disparate systems. 58% listing the main reason to use a single system as removing duplication of work across different departments, followed by 58% citing reduced administration time. 50% stated a single system helped achieve growth plans and future proofed their business, while 33% cited enhanced customer service and efficiencies by improved accuracy of information. Single systems are beneficial for online stores, where stock checks and reporting ensure that customers have a good understanding of delivery timescales and product availability. Survey respondents confirmed that eCommerce has grown exponentially, with 83% stating that being able to sell products online easily is really important to them. As the pandemic accelerated digital transformation, cloud computing continues to be a driver for change, with 83% of industry respondents agreeing that hosting applications and data in the cloud have improved efficiencies and productivity (or would improve them if cloud were implemented). Despite the benefits of cloud, concerns about security remain, though have reduced marginally from 55% in 2019 to 50% in 2022. This reflects the growing acceptance of moving core applications and data to the cloud. Critically ERP systems are a key technology with 92% agreeing that ERP systems give greater visibility and control of stock. ERP refers to a suite of integrated software that businesses use to manage day-to-day business activities, such as sales order management, stock control, warehouse management, CRM and more. One survey respondent comments on implementing a single ERP system: “Since installing an ERP system, the integration has led to far better customer service and efficiency. We can now store customer details and contacts centrally; raise orders based on sales and re-stock to min, max or optimum. This has transformed our stock and also improves customer service by cutting down lead times. Something that became apparent during the pandemic was that during times of reduced staff levels, we were still able to cope in an efficient manner because of the automation built into our ERP system.” The main barriers to deploying an integrated software solution were cost, with 58% citing it as a factor, followed by 50% with data security and 33% finding a solution that’s right for their business via a reputable provider. Cost is often associated with the misconception that ERP systems are only for larger businesses, and the lack of information about affordable subscription-based models. Charlie Grant, Head of Operational Product Development, OGL Software commented: “The business model for architecture, engineering and building firms has evolved quickly, with our 2022 survey identifying several changes, including the pandemic and stock availability, that impact profitability; the drop in concerns about security of cloud computing, and the growing realisation that ERP systems are not solely for large enterprises. Digital transformation has no doubt saved many businesses that have pivoted to online sales and it’s heartening to reveal that 92% agreed that ERP systems provide greater visibility and control of stock, especially as part of a multichannel sales strategy.” NB: survey conducted in March 2022 and any comparison is to the same questions in September 2019. Respondents were given a number of options for each question.
New state of the art 121,000 sq ft built to suit development will benefit from first class environmental facilities and include warehouse, office, training and workshop accommodation. Glencar, a leading UK construction company that was recently ranked amongst Europe’s fastest growing businesses, has today announced that it has been appointed by world renowned German manufacturer of chainsaws and other handheld power equipment STIHL to construct their new GB headquarters and distribution facility at a site in Surrey just off the A331. The new state of the art 121,000 sq ft development designed by Hale Architects will include 97,000 sq ft of warehouse space that will utilise state-of-the-art picking and storage systems to maximise productivity, efficiency and the use of space. An adjoining 25,000 sq ft HQ will boast dedicated retailer training facilities, an on-site restaurant, flexible collaborative workspaces and a technical workshop. The development will also incorporate new car parking, service yard, landscaping and the construction of a new access from the adjoining A331. The new HQ also benefits from first-class environmental credentials including two-thirds of the total roof area (17,000 sq ft) covered with photovoltaic solar panels to provide power to the new facility. In addition, there will be provision for 26 EV charging points in anticipation of the continued move towards the use of electric vehicles. The project is expected to take 42 weeks to build with the new facility expected to be complete by May 2023. Speaking about the contract award Roy Jones Glencar Managing Director London and South said: “STIHL are world leaders when it comes to chainsaws and garden power tools, setting the standard for over 90 years so Glencar are both honoured and proud to have been appointed to design and build their new headquarters and distribution facility. This state of the art project goes to serve as a further example of our design and build credentials and proven ability to construct buildings tailored to our customer exacting specifications. We look forward to working with STIHL GB and the extended project team and delivering on time and to budget. Also commenting Kay Green, Managing Director of STIHL GB, said: “STIHL has enjoyed a sustained period of growth in recent years, and as a consequence, we have outgrown our existing warehouse and office facilities. Our new purpose-built headquarters represents a significant capital investment and is a commitment to the future for our local workforce. This cutting-edge facility will allow us to plan for many years of future growth, which will continue to benefit the local economy. We are delighted that we were able to secure a suitable site in Camberley and we’re looking forward to working with Glencar and seeing construction progress”
GLP, a leading investor and developer of logistics warehouses and distribution parks, today announced that it has begun earthworks on the site of G-Park Ashby-de-la-Zouch. G-Park Ashby is a 48-acre development site benefitting from an outline planning permission to deliver build-to-suit logistics warehouse opportunities of up to 736,487 SQ FT. Earthworks are progressing rapidly and are expected to be finished by early 2023, with the full development set to complete by Q1 2024. The site has a prime location in the Midlands logistics hub, in the heart of the Golden Triangle. G-Park Ashby is conveniently situated adjacent to the A42 and A511, providing access to the M42 to the South and the M1 10 miles to the North East. Urban hubs Birmingham, Nottingham and Leicester are all close by, with Manchester, Liverpool and London also easily accessible. East Midlands Airport, only 10 miles away, and Birmingham International Airport, 29 miles away, also provide convenient air links for transportation. The site can be developed as either one single unit or two units, depending on customer requirements, with clear internal heights of up to 18 metres. As with all GLP’s developments, the units will be built to enhanced specification and will follow GLP’s rigorous ESG standards. The development will be BREEAM Excellent and WELL ready, and will feature a range of sustainability features including rainwater harvesting and energy tracking and consumption tools for customers. The development is a prime example of the care taken by GLP to respect and nurture the natural environment. For example, a colony of great crested newts was discovered on the site, which GLP has taken significant time and consideration to rehome, delaying progression with the earthworks until the colony was safely relocated. There will also be an extensive green outdoor space for landscaping and nature, including ecological ponds. Adrienne Howells, Senior Development Director at GLP, said: “G-Park Ashby is an exciting addition to our portfolio in the Midlands and indicates our ongoing confidence in opportunities in the Golden Triangle, following the success of projects such as Magna Park Lutterworth. Trends such as e-commerce have buoyed already high demand for prime logistics space, particularly high-quality, conveniently-located, sustainable facilities such as this.” Not only will this new development bring excellent opportunities for our customers; it will also boost employment in the region, creating almost 1000 new jobs and providing major benefits for the local economy. Once again, we are planning our development with place-making as a priority, focusing on environmental features such as our ponds, green open spaces and our G-Hive bee programme.”
Civil engineering firm GRAHAM has completed work on a new junction on the M11, delivering one of the biggest highways infrastructure projects in Essex. The £76 million M11 Junction 7A scheme opened to the public ahead of schedule on Friday (10 June) and has created much-needed new access into Harlow and included widening and improvement of Gilden Way, plus a new link road connecting Gilden Way and the junction via new roundabouts on either side of the motorway. As part of the project, GRAHAM, in collaboration with Essex County Council, has built a new bridge over the motorway, constructed slip roads for both northbound and southbound traffic, and improved walking and cycling access on Gilden Way. Funded by the council and National Highways, the new junction completes a project that started in summer 2020. Discussing the project on the day of its opening, Cllr Lesley Wagland, Essex County Council’s Cabinet Member for Economic Renewal, Infrastructure and Planning, said: “Today marks the opening of one of the largest highways infrastructure projects in the county and it is testament to all involved that, despite the challenges of the last two years, the project has been delivered ahead of schedule. “We have created a much-needed new east-west link, significantly improving access to the M11 at Harlow. This, in turn, will help reduce congestion on the A414 and other routes in the town and also support future growth, including the potential creation of up to 3,000 new jobs.” Matt Stafford, National Highways Regional Delivery Director, said: “We understand how important the M11 is to thousands of road users every day. “The road is a vital link for work journeys, visits to friends and family, and the movement of goods and services between London and East Anglia, and we’re pleased to have worked in partnership with Essex County Council to deliver this scheme. “A huge amount of work has gone in to get to this point and I am delighted to see the last piece of the jigsaw put in place with the opening of this new junction.” The junction opened to traffic on Friday evening, following a formal opening event the previous day. The public, whom the council thanked for their patience during construction of the scheme, was also given a unique opportunity to see the final scheme up close before it opened to traffic during a 5km charity fun run, which was supported by Harlow Running and Tri Club and Active Essex. The fun-run, which raised money for a local charity supporting children living with cerebral palsy and St Clare Hospice, saw more than 500 participants run from the London Road Roundabout to the new junction and back. With match-funding from GRAHAM, their efforts raised over £9,000. Dave Brown, Highways Director for GRAHAM Civil Engineering, added: “We’re pleased to have completed construction and delivered this important project in the region. The team has worked tirelessly during the programme, which included a challenging bridge beam installation over two weeks, involving four overnight closures to minimise disruption to road users. The new junction is a testament to our team’s civil engineering expertise and another addition to our growing highways portfolio.” For more information about the scheme and the new junction, visit www.essex.gov.uk/junction7a.
Phase two of landmark development ‘The Printworks’ has commenced 137 stylish apartments Property prices in Bradford set to double in the next five years* Bradford just crowned City of Culture 2025 First collaboration between developer The Investment Room and LH1 London Leading master agent LH1 London has been appointed by property developer The Investment Room as works commence on site to launch phase two of Bradford’s landmark residential development – The Printworks. Comprising of137 newly built luxurious one and two-bedroom apartments, the build follows the completion of phase one – the conversion of a listed building known as ‘Card House’. Occupying a highly sought-after affluent location within the city of Bradford, The Printworks is to be built upon the site that was formally home to WN Sharpe of Bradford and later, Hallmark Cards. The apartments will provide potential buyers with well-appointed living, featuring spacious, larger than average accommodation and high-quality fixtures and fittings – with homeowners also benefitting from onsite parking including EV charging ports and visitors parking bays, spacious communal courtyards and a Costa Coffee shop. The development marks a flurry of inbound investment into the city, with property prices in Bradford set to double within the next five years* – offering great opportunity to savvy investors searching for strong yields and affordable pricing amidst a post covid property price boom. The Printworks has been welcomed by local councillors who are keen to meet the increased demand for housing due to rising numbers of people moving to the area. Benjamin Hunter, CEO of LH1 London, said: “We are delighted to be working alongside The Investment Room to bring this landmark development for Bradford to market. The development is a remarkable project and will be a real asset to the city. “We are also really pleased for the people of Bradford receiving the much-deserved accolade ‘City of Culture for 2025’. This reflects not only their truly diverse culture but also the City’s willingness to create opportunities for all. Bradford can now expect considerable inbound investment and huge growth in Employment which will only fuel the requirement for high quality property in the area. We see Bradford as the Jewel of The Northern Powerhouse and this award is testament to that. “We have already seen increasing demand and interest in the build following the success of phase one, and would encourage international buyers and local owner-occupiers to take note of the opportunity here. Bradford, being one of the largest cities in the UK housing over 500,000 people, is becoming a growing investment opportunity that shouldn’t be missed. This is where Manchester, Leeds and Liverpool were a few years ago.” Councillor Love, The Lord Mayor of Bradford, commented: “The scheme will create 385 flats and preserve the iconic character of the Art Deco style Grade ll listed building Sharps Card Factory (known as Hallmark House). “The proposed works to the listed building are considered to largely protect its heritage significance, and the development would deliver a substantial provision to meet the district’s housing need”. Lee Jones, Director at The Investment Room, added: “Having successfully sold all of the 144 apartments in the first phase of the development in record time, I am extremely proud to have broken ground on the second phase of The Printworks. The positive feedback and sentiments from the local residents and buyers alike has been encouraging. It is refreshing to see that our respect for the immense heritage of the existing buildings, whilst also utilising the rest of this large brownfield site through high quality new apartments, has been widely recognised and partnering with LH1 to sell the apartments to the owner occupier market as well as selected investors makes this site even more special”. Work at The Printworks is underway, and the anticipated practical completion is Q3 2023. LH1 London is the UK’s leading global developer sales and marketing partner for off plan, off market property and work on a range of developments in major cities throughout the UK including Birmingham, Manchester, Leeds, Liverpool, Luton, and London commutable regions. To find out more about The Printworks email: info@lh1.london. Building Design and Construction Magazine | The Home of Construction & Property News
