Prologis UK, one of the UK’s leading developers of logistics property, has added two new hires to its Capital Deployment and Leasing team, as it looks to further grow its UK team and drive ambitious growth plans. Jason Pickering has joined as a director in the Capital Deployment and Leasing
Topland and development partner Beltane Asset Management have started construction of Verdant, a comprehensive extension and redevelopment of 150 Aldersgate Street and 3-4 Bartholomew Place. The Farringdon office building is being redeveloped to meet changing occupier requirements. The scheme, that will see the two sites connected through a new extension, will
Cushman & Wakefield has launched Indego, a new white label service for office landlords and investors looking to create bespoke flexible workspaces in the UK. Indego is a customisable service that encompasses design & build, marketing, sales and on-site operations offered under a management agreement with Cushman & Wakefield. The
Addington Capital, the property investment and asset management specialist has sold Aireside House, a 9,500 sq ft office block immediately behind the railway station on Aire Street in Leeds City Centre for £3.05 million. The purchaser is the Wesleyan Assurance Group, a financial services company. The building was fully occupied and
BDC 319 : Aug 2024
Prologis UK, one of the UK’s leading developers of logistics property, has added two new hires to its Capital Deployment and Leasing team, as it looks to further grow its UK team and drive ambitious growth plans. Jason Pickering has joined as a director in the Capital Deployment and Leasing team, following six years at Cushman & Wakefield. With extensive experience in industrial and logistics capital markets, and a specific focus on South East and national developments, he will be helping Prologis to continue expansion plans in London and development of urban logistics offering. Ryan Gordon also joins the company as a Capital Deployment and Leasing director, after working for Stripe Street for eight years. There, his role as an agent for Aldi Stores UK aided in the supermarket’s expansion, with a particular focus on site acquisitions in London and the South East. Alongside his experience as an agent, Ryan is a chartered surveyor, and has an in-depth knowledge of the land acquisition and property development process from start to finish. In their new roles, both Jason and Ryan will focus on land and investment acquisitions in Prologis’ strategic priority regions within London and the South East, using their complimentary skills and 14 years of combined experience to support the firm’s ambitious growth plans. Paul Weston, Regional Head of Prologis UK, said: “It’s great to have Jason and Ryan join our business, both highly qualified to drive forward our significant growth ambitions for London and the wider South East of the UK. In 2022 we have announced six new hires who will focus on the region and will soon be moving into new London offices to provide the team with an exciting new collaborative hub. “I’m looking forward to working with Jason and Ryan and supporting their career aspirations here at Prologis”. Both Ryan and Jason will be based in Prologis’ London office. RE: IMAGE Left -Right / Jason Pickering, Ryan Gordon. Prologis UK
Topland and development partner Beltane Asset Management have started construction of Verdant, a comprehensive extension and redevelopment of 150 Aldersgate Street and 3-4 Bartholomew Place. The Farringdon office building is being redeveloped to meet changing occupier requirements. The scheme, that will see the two sites connected through a new extension, will create 135,000 sq ft of new office accommodation. The building will benefit from dual entrances to both Aldersgate Street and Bartholomew Place. It is located within the heart of the Cultural Mile and within two minutes’ walk of the Farringdon Elizabeth line underground entrance at Long Lane. Biophilic Design and Natural Ventilation Verdant has a low embodied carbon footprint achieved by reusing approximately 80 per cent of the existing structure, natural ventilation throughout and a bespoke biophilic design integrated into the architecture. In addition, there are green roofs, terraces on all floors, hard and soft landscaping and the creation of external courtyards. Communal facilities will be incorporated, including a ground floor café and co-working area and further investment in sustainable travel is included, with the introduction of more than 250 cycle spaces. Once complete, the building will comprise 135,000 sq ft of Grade A office accommodation, with floorplates ranging from 2,000 sq ft to 17,000 sq ft, suitable for a range of office users. The building is scheduled to complete in Q2 2023 and Cushman & Wakefield and BH2 have been appointed as leasing agents. Mark Kingston, ms of Topland, said: “Our decision to build speculatively demonstrates not only our confidence in the London office market, but also our confidence in the scheme itself. Verdant provides truly sustainable next generation office space that we believe will appeal to a wide range of occupiers”. Jonathan Chenery, Founding Partner at Beltane Asset Management added: “We are delighted to get going on the redevelopment of Verdant. The building will provide occupiers with a sustainable workplace of the highest quality, aimed at fostering wellbeing and productivity, in arguably one of London’s most attractive sub-markets. Farringdon, Clerkenwell and Smithfields are experiencing record-levels of demand from a range of sectors that are attracted by the transport connections at Farringdon and all that the area has to offer.”
Cushman & Wakefield has launched Indego, a new white label service for office landlords and investors looking to create bespoke flexible workspaces in the UK. Indego is a customisable service that encompasses design & build, marketing, sales and on-site operations offered under a management agreement with Cushman & Wakefield. The proposition is new for the office market but follows principles which are already well established in the hotel industry. It will meet the demand from office owners to create a flexible workspace solution without operational complexities. “Indego enables our clients to meet the rapidly growing demand for flexible workspace and the improved returns it offers – on their terms.” – Emma Swinnerton Head of Flexible Workspace EMEA, Cushman & Wakefield Indego lead Indego is led by flexible office sector expert, Emma Swinnerton, who joined Cushman & Wakefield in April 2018 to provide strategic advice to operators, landlords, investors and new entrants on how to respond to the changing dynamics of the flexible office market. Prior to this position, Swinnerton held the role of Global Commercial Director for Spaces & New Formats at serviced office giant, Regus. Swinnerton said: “Cushman & Wakefield has been at the forefront of the evolving office market for many years and our investment in Indego demonstrates where we believe this exciting sector is heading next.”
Addington Capital, the property investment and asset management specialist has sold Aireside House, a 9,500 sq ft office block immediately behind the railway station on Aire Street in Leeds City Centre for £3.05 million. The purchaser is the Wesleyan Assurance Group, a financial services company. The building was fully occupied and the sale equates to a 6.66% net initial yield. Addington acquired the building in a £42 million mixed-use portfolio with its joint venture partners and has since completely refurbished the building to offer a modern and creative office environment over four floors, with cycle storage and shower facilities added as part of the renovation. Phil Symonds of Addington Capital said, “This is an excellent example of what Addington is best at – buying and re-working old, under-utilised buildings to develop a contemporary renovated office environment well suited to the local market in terms of location, floorplate size and, in particular, specification and finish. The Leeds office market has performed very well lately, with strong occupier demand across the size and specification ranges, alongside increasingly constrained supply.” Agents on the deal were Cushman & Wakefield for Addington Capital and Lambert Smith Hampton for the Wesleyan Assurance Group.
