BDC

Search
BDC Magazine

developer

GMI to build stand-out £32 million residential development for HBD in Birmingham

New ‘SETL’ contemporary living canal side development situated in Birmingham’s iconic jewellery quarter will feature 101 apartments together with 2,350 sq. ft. of ground floor commercial space. GMI Construction Group PLC an established and successful UK contractor and construction services company providing specialist design and build capabilities spanning multiple sectors

Read More »

TRIUMPH BUSINESS PARK INDUSTRIAL SCHEME GETS GREEN LIGHT

Planning has been approved for a 138,000 sq ft industrial development, Spitfire Court on the Triumph Business Park in Speke. Work is scheduled to begin on site in October 2020 with completion targeted for Q3 2021. The Park was acquired by InfraRed Capital Partners Limited (“InfraRed”) in 2019, on behalf

Read More »

Developer sought for £800m Salford campus revamp

Salford City Council and the University of Salford have launched a search for a private sector partner to deliver their £800m masterplan for Salford Crescent. Salford Crescent will see the University of Salford campus and the surrounding area turned into a new city district that will include a residential neighbourhood,

Read More »

Wykeland leads the way as regeneration changes the face of Hull

Prominent developer Wykeland Group is leading the remarkable regeneration of its home city of Hull, with a series of multi-million pound investments. Wykeland is one of Yorkshire and the Humber’s leading commercial developers and is a key player in a raft of major schemes in Hull as the city enjoys

Read More »

Latest Issue

BDC 317 : Jun 2024

developer

GMI to build stand-out £32 million residential development for HBD in Birmingham

New ‘SETL’ contemporary living canal side development situated in Birmingham’s iconic jewellery quarter will feature 101 apartments together with 2,350 sq. ft. of ground floor commercial space. GMI Construction Group PLC an established and successful UK contractor and construction services company providing specialist design and build capabilities spanning multiple sectors has today announced that it has been appointed by leading property developer HBD to construct a new residential-led scheme in Birmingham’s iconic Jewellery Quarter. The development, titled ‘Setl’ is HBD’s first city centre development in Birmingham and has been designed by leading architects BPN, based in the jewellery quarter. 101 apartments will be accompanied by an array of residential amenities and 2,350 sq. ft. of ground floor commercial space.  The scheme will feature a courtyard, workspace, a lounge and a gym, along with a rooftop garden on the upper floors of the six-storey building. Speaking about the announcement Andy Bruce, Divisional Marketing Director GMI Construction Group said: “We are very much looking forward to seeing this contemporary new development coming out of the ground, which will transform a redundant site into a modern, attractive development right at the heart of Birmingham’s iconic jewellery quarter. “GMI is proud to be have been trusted by leading developer HBD to deliver its first city centre development in Birmingham in an area with such a strong commercial history.” GMI continues to make good strides in Birmingham and the Midlands with over £100M of projects secured in our order book with new and established customers including HBD, St Modwen, Graftongate and St James Securities and across multiple sectors including residential, industrial/logistics, commercial, hotel and student. Simon Raiye, Director at HBD, said: “Setl is one of the city’s most exciting new developments, creating high-end, design-led apartments in one of Birmingham’s most sought after areas. We look forward to working with GMI to bring our vision to life.”

Read More »

Tungsten Properties sells Essex development to private investor for £7.25 million

Tungsten Properties, one of the UK’s leading mid-box industrial and warehouse developers, has sold its three-unit industrial development at Eastways Industrial Estate, Witham, Essex, which was pre-let to OMG How Cheap Ltd, the online discount stationery superstore, to a private investor for £7.25 million representing a net initial yield of 4.75%. The three high specification logistics units total 45,000 sq ft and were completed in December 2021 with OMG How Cheap set to officially move into its new space in Q1 2022. The development was funded by Tungsten’s balance sheet, alongside its £50 million revolving credit facility with Fortwell Capital. Justin McVeigh, associate development director at Tungsten Properties said: “The sale of our Witham development is credit to Tungsten’s project team who built it during challenging conditions, ready for the simultaneous sale to the private investor and completion of OMG How Cheap’s lease. It is great news for the tenant which will have a more efficient building in terms of both energy and operations while generating more jobs for the local area. We wish both OMG, and the new purchaser, every success.” Savills acted on behalf of Tungsten Properties; Atlas Real Estate acted on behalf of the private investor. Glencar Construction was the contractor.

Read More »

TRIUMPH BUSINESS PARK INDUSTRIAL SCHEME GETS GREEN LIGHT

Planning has been approved for a 138,000 sq ft industrial development, Spitfire Court on the Triumph Business Park in Speke. Work is scheduled to begin on site in October 2020 with completion targeted for Q3 2021. The Park was acquired by InfraRed Capital Partners Limited (“InfraRed”) in 2019, on behalf of InfraRed Active Real Estate Fund IV, who appointed Merseyside-based Network Space Developments last year to bring forward the £15m speculative scheme on a plot of vacant land to the south-west corner. The scheme will bring 12 Grade A industrial units to market, taking the total Park footprint to almost 1million sq ft. The proposed units range in size from 3,000 sq ft up to 34,000 sq ft. Six larger warehouse units include ancillary first floor offices, designated parking spaces, generous service yards and loading door access. One sub-divided terraced unit houses a further six smaller business units. The wider Triumph Business Park site is a major storage, distribution and commercial hub, with 24-hour access and a security lodge and entrance barrier. It’s strategically located less than one mile from Liverpool John Lennon Airport, with Liverpool South Parkway transport interchange 1 mile to the north for destinations across Merseyside with links to Birmingham and London Euston.  Network Space Development Director, Joe Burnett said: “We are delighted that planning has been approved for a scheme that brings significant logistical and economic benefits to the Liverpool City Region. The extension to Triumph Business Park will complement existing businesses and amenities on the Park, as well as neighbouring retail outlets. This is the next chapter in this regeneration success story for the former Triumph factory site. He added: “The units will offer Grade A warehouse and office accommodation that will attract quality tenants to the Park, along with long-term job, training and investment opportunities.” Dean Harrison, Investment Director at InfraRed Capital Partners, commented: “Located only seven miles from Liverpool city centre, the Park benefits from good transport links, increased urbanisation and strong tenant demand from last mile logistics operators. The greater turn to e-commerce during the recent months has increased demand for modern, high-quality urban logistics assets, which this project delivers.  The scheme will meet BREEAM Very Good standards and with sustainability in mind, will incorporate electric vehicle charging points for each unit and LED lighting throughout. It will also be zero carbon ready, allowing for easy future provision of renewable energy technologies. To date, InfraRed has acquired, developed and managed over c.18m sq ft of industrial assets. We will look to expand our urban logistic holdings in the UK and Western Europe throughout 2020 and beyond with substantial capital available for deployment”. Triumph Business Park was acquired by InfraRed, for £30m from an undisclosed vendor. Architects for the scheme are AEW Architects. CBRE and B8 are appointed as agents with NSM providing asset management services across the Park.

Read More »

GLP LEASES 84,000 SQ FT UNIT AT G-PARK BIGGLESWADE TO FOCUS INTERNATIONAL

GLP, investor and developer of logistics warehouses and distribution parks, today announces that it has leased an 84,000 SQ FT unit at its G-Park Biggleswade site in Bedfordshire. The 84,000 SQ FT warehouse has been let to Focus International, part of the JD Sports Group. Focus will be utilising the warehouse space for bulk storage and pick-and-pack of their portfolio of brands including ellesse UK, Yogi Footwear, Nautica Competition, Peter Werth, Fenchurch, Henleys, Ecko and Starter and using additional office space so we can ensure staff have enough space to socially distance. G-Park Biggleswade comprises five units in total, including a 61,000 SQ FT unit leased to SeeWoo Foods earlier this year, and a 97,500 SQ FT build-to-suit distribution centre leased to Dublin-based Zeus Packaging. There is also a further 106,000 SQ FT speculatively developed warehouse which is currently available for lease. Each warehouse is designed to BREEAM Excellent and built to meet the evolving needs of GLP’s logistics, distribution and ecommerce customers in the UK. In addition to this best-in-class specification, the development benefits from Biggleswade’s strong labour pool and excellent transport links to central London and the South East. G-Park Biggleswade forms part of Stratton Business Park, which is home to a number of leading businesses from the packaging, distribution, food and manufacturing sectors as well as a retail complex including M&S, Pets at Home, Boots, River Island, and Halfords. Andrew Ward, Operations Director at Focus, said: “We are looking forward to working with GLP and joining other leading brands at G-Park Biggleswade. A solid infrastructure and efficient logistics system is key to the success of any business, and for Focus, this is especially important with several brands under our umbrella, and continued growth in Central Europe. The position is perfect for our business as it is placed on the A1 and just 43 miles from central London. We look forward to bringing new work opportunities to the area and making this the perfect base to continue to grow our Focus brands. The last few months have been extremely challenging for retail with the global pandemic, so we’re pleased to make this positive move, eventually employing 40+ people in the area as we continue to drive future development.” James Atkinson, Development Manager at GLP Europe, said: “This development, which completed in January of this year, highlights GLP’s ongoing commitment to offering high quality space for our customers in established logistics locations. The built-to-suit logistics warehouses on site illustrate the strength of occupier demand in the area and we have responded by speculatively developing a range of different-sized units to maintain flexibility for our customers. We look forward to working with Focus International for the first time and are pleased with the success of this development so far, with only one unit now remaining to let.” A Central Bedfordshire Council spokesperson said: “We negotiated the sale of the Stratton Phase 4 land to GLP in early 2018 and have since been impressed with the quality and speed of delivery that GLP have orchestrated. “The addition to the existing business park of five high quality buildings, at pace, has attracted new businesses to Biggleswade and provided a significant boost to job creation in the town and beyond. “The development of G Park has helped reinforce Stratton Business Park as a key business location in the region.” Adroit Real Estate Advisors, BNP PRE, and CBRE acted for GLP.

Read More »

NETWORK SPACE COMPLETE LIVERPOOL CITY CENTRE INDUSTRIAL SCHEME ON BEHALF OF INFRARED

Leading commercial real estate developer Network Space has completed the industrial scheme Central 23 located on the northern fringe of Liverpool City Centre. Constructed on behalf of global investors Infrared Capital Partners, the 1.75-acre brownfield site provides a single 23,500 sq. ft industrial unit complete with substantial office provision, significant power capacity, fibre broadband and generous on-site car parking provision within a self-contained and secure yard. The site benefits from an additional service area to the rear offering rare additional parking and storage capacity. Ideally located for easy access to the City centre and surrounds, it sits off the junction with the A5038 Vauxhall Road and Leeds Street, adjacent to the City’s new creative district of Ten Streets and in close proximity to Liverpool Docks & L2 deep port to the north. Network Space Senior Development Manager Catherine Chilvers said: “Provision of prominent and accessible industrial warehouse space of this size and quality, so close to the city centre is a rarity. The scheme’s position on the fringe of the City Centre means the development is perfectly placed to appeal to a wide range of businesses and urban logistic operators who require access into the City and wider conurbation. “There is a known shortage of modern, high quality, self-contained and accessible industrial accommodation across the Liverpool City Region and the level of interest already been shown in Central 23 is extremely encouraging.” Dean Harrison, Investment Director from Infrared Capital Partners, added: “Upon completion of Central 23, its ownership transferred to InfraRed Capital Partners which acquired the site as part of a £93 million deal with Network Space in 2018. Since 2018, the portfolio has been materially expanded through a selective acquisition strategy targeting last mile delivery occupiers. The portfolio, located within the Northern Powerhouse cities of Manchester, Liverpool, Leeds and Sheffield, now extends to 1.4m sq ft in 32 urban logistics assets with construction having commenced on an additional two multi-let industrial estates.” Construction partners on Central 23 were Caddick Construction, Architectural and Engineering services were provided by WYG, with Quantity Surveyors Walker Sime. Agents for the scheme are CBRE and DTRE.

Read More »

‘Groundbreaking’ e-commerce warehouse complex under construction in Ipswich

The first phase of a giant warehousing complex geared for the needs of online shopping is taking shape at Ipswich, off the A14. The Great Blakenham scheme – described as groundbreaking – will be a warehouse and distribution complex which is set to break with traditional norms with its building design. Developer Curzon de Vere said the aim was of Port One Logistics Park is to give e-commerce operations warehousing and distribution facilities geared to their needs. It said most e-commerce activities were being conducted from centre designed and built for other purposes and many operators were experiencing inefficiencies and high costs as a result. With leases agreed and planning approval in place, Anglia Building Services Ltd has started work on the first phase of the 60-acre site, off the A14’s junction 52, which will result in three units being built within the next year. The first 143,000sq ft unit has been designed for Ipswich-based Chinese fulfilment house operator FDS Corporation Ltd. FDS general manager Sheng Li said: “The past three years has shown us how well our Suffolk location works for us and our growth has given us the confidence to look at a new facility.” Ports and logistics solutions specialist Murray Gibson Associates Ltd, who is providing architecture services, said it was an “exceptional” project, with the building designed from the inside out. “It is very rarely that you get the opportunity of a completely clean sheet of paper on which to design an operation that not only exceeds the client’s original brief, but also ticks so many of the desirable supply chain features that this site in particular offers,” said the firm’s owner Murray Gibson. “Having perfected the internal layout and process flows, it was literally a case of wrapping the building around it.” A fulfilment house differs from conventional warehouses in its use of the ‘cube’ of the building rather than just focusing on the floor area, he explained. “This three-dimensional approach has enabled us to achieve a density of over 32,000 pallets of storage, nine-high with semi-automated locating.” It is thought that around a fifth of UK consumer purchases will be made online by the end of 2019, and that will increase to around a quarter by 2023, with the UK leading Europe in its growing preference for online shopping. “Behind the scenes, nothing short of a mini-revolution has taken place, largely unseen, that ensures our online purchases arrive where we want them and when, leaving us to get on with our busy lives,” explained Mr Gibson. “By cutting out multiple distribution centres and stores and delivering direct to the consumer, retailing is now embedded in the processes that enable us to buy products on our computer, tablet or smart phone. Orders are picked, labelled and marshalled for dispatch by courier and delivery companies to our chosen destination, offering an ever-widening number of options to suit our individual lifestyles.” Other buildings of between 50,000 and 700,000sq ft are planned for the logistics park. They will follow similar design principles, with planning consent for building heights of more than 20 metres. Easy access to the east and westbound carriageways of the A14 are key feature of the site, which will be operational 24 hours a day, seven days a week. “Port One Logistics Park enters the market in exactly the right place and at the right time,” said Mr Gibson. “According to industry analysts Retail Economics, and demonstrated at this year’s United Kingdom Warehousing Association national conference, a further 44m sq ft of warehouse space needs to be built in the UK by the end of 2021 – just to meet the demands of the online retail sector.”

Read More »

Developer sought for £800m Salford campus revamp

Salford City Council and the University of Salford have launched a search for a private sector partner to deliver their £800m masterplan for Salford Crescent. Salford Crescent will see the University of Salford campus and the surrounding area turned into a new city district that will include a residential neighbourhood, the redevelopment of the university campus, an industry innovation park and a cultural quarter. The project includes five zones: Adelphi, Crescent, Innovation, Health Village and Peel Park. For more details of the masterplan, see www.salfordcrescent.com. University of Salford vice-chancellor Helen Marshall said: “The Salford Crescent masterplan represents a once in a generation opportunity for a partner to get involved in one of the largest mixed-use development schemes in the UK. It will see the creation of an inspirational campus that will create a natural home for industry – local, national and international, cultural partners, the people of Salford and it will create a city district that will drive local and regional economic growth across a number of sectors from health, technology, the arts, biosciences, the environment and energy. “It is a project that will have a lasting, transformative effect on Salford and the wider Greater Manchester city region. We are looking for a partner whose vision, ambition and creativity matches that of the university and the City of Salford.” Salford mayor Paul Dennett said: “We are looking for a private sector partner who understands the unique social and economic impact that this development will have and who recognises the city’s ambition for inclusive growth and development which benefits the people of Salford. “We will want to know they recognise and understand the unique social value opportunities afforded by these developments, local jobs and training as well as the supply chain and explain how they can best be delivered through inventive processes and partnership working. “The district aspires to be a beacon of planning and design, incorporating modern infrastructure and R&D. If it is done right we have an opportunity to drive the kind of development and approach to place-making here that could be a model cross the world.” Salford City Council and the University of Salford have been working with 5plus architects and CBRE since summer 2017 to prepare the Salford Crescent and University District masterplan. The contract notice was published in the EU Official Journal today. CBRE is leading on the search for a developer. The deadline for the return of expressions of interest is Friday 14th June. There will be a period of dialogue between July and October with a select number of bidders, before a preferred bidder is chosen towards the end of the year. For all interested parties, the documents will be published on www.the-chest.org.uk.  

Read More »

Wykeland leads the way as regeneration changes the face of Hull

Prominent developer Wykeland Group is leading the remarkable regeneration of its home city of Hull, with a series of multi-million pound investments. Wykeland is one of Yorkshire and the Humber’s leading commercial developers and is a key player in a raft of major schemes in Hull as the city enjoys unprecedented regeneration after gaining national and international exposure as UK City of Culture 2017. The focal point for the city’s rejuvenation is the waterfront Fruit Market quarter. Once a near-derelict area, the Fruit Market took centre stage during the City of Culture year and is being transformed by one of the most significant urban regeneration schemes in the North of England. Wykeland is part of the Wykeland Beal joint venture with East Yorkshire-based housebuilder Beal Homes which is driving forward the £80m renaissance of the Fruit Market, in partnership with Hull City Council. The Fruit Market has been reinvented as one of the most vibrant and fastest-growing communities in the North, featuring a host of commercial, creative and cultural ventures. The first buyers are also moving into a £17m Wykeland Beal development that is adding the residential element to the developers’ “live, work and play” vision for the area. Wykeland Beal has just secured planning permission for the latest major phase of the Fruit Market transformation, which features a new head office for the UK’s leading safety company, Arco. Hull City Council’s Planning Committee gave the green light to the £22m scheme, including the Arco offices, a 350 space multi-storey car park, 34 residential units and 3,000 sq ft of retail/leisure space. The 55,000 sq ft Arco building will be one of the largest new corporate head office developments in the North of England in recent years. It will accommodate around 450 employees who will transfer from Arco’s current base, in a 1960s building a mile away which is set to be demolished as part of a £392m Highways England scheme to improve the main A63 route through the city centre. Wykeland paved the way for the Fruit Market to become a magnet for investment with developments such as @TheDock, which saw a vacant waterfront site incorporating a listed dry dock become a thriving tech campus, with the Centre for Digital Innovation (C4DI) digital hub as its centrepiece. @TheDock is acknowledged as one of the UK’s leading digital clusters, with around 200 start-up or scale-up tech firms based on site or closely linked to it, and last month Wykeland gained planning permission for two new buildings to complete the development. The £9m plans will provide 31,000 sq ft of offices, co-working and meeting space to enable tech companies to continue to collaborate and grow. Wykeland’s latest landmark development is a nine-storey hotel with rooftop sky bar offering spectacular views of Hull’s waterfront, as part of a scheme that will secure the future of two historic buildings and create a new city centre piazza. Wykeland has teamed up with Princes Quay Developments, owner of Hull’s Princes Quay Shopping Centre, for the Castle Buildings scheme featuring a 52,000 sq ft hotel with 150 bedrooms as part of a £20m investment creating up to 150 jobs. Dominic Gibbons, Managing Director of Wykeland Group, said: “Hull is riding the crest of a wave and, as a company founded and based in the city, we couldn’t be happier to be at the heart of the exciting change we are now seeing all around us. “Hull has never before experienced so much concentrated investment, but it’s certainly not an overnight success story and it’s fair to say some of it is making up ground on other major cities. “The seeds have been sown over many years, including by all the key players coming together behind the bid for Hull to be UK City of Culture. In fact, we were the first ‘business angel’ to back the bid, as well as becoming a Major Partner, and support from the city’s businesses community was a vital factor in the success of the bid and the year-long cultural programme. “Being City of Culture was a game-changer for Hull and, working together, the city has capitalised on the momentum the year generated.” Mr Gibbons said a key factor was unlocking the potential of Hull’s waterfront, including the unique Fruit Market area, which was home to the city’s wholesale fruit and vegetable trade for a century before falling into decline. He added: “Our own offices overlook the River Hull and the Humber Estuary, so we were very aware of what could be achieved. We kick-started the revival of the waterfront by acquiring and revitalising the Marina Court offices and then launching @TheDock and C4DI. “There had been previous plans by out-of-town developers to regenerate the Fruit Market, but these collapsed after the banking crisis. Back in 2013 we formed a joint venture with Beal Homes to bid to become Hull City Council’s partner, which has ultimately led to the thriving urban village we see today. “Key to all of this has been the strength of our relationships with public sector partners such as the city council and businesses such as Beal Homes and Arco. The investment Hull is enjoying also demonstrates the power of bringing together physical, social and cultural change – after all, regeneration is about people, not just buildings.” Wykeland was founded in Hull 50 years ago and has developed more than 11.5m sq ft of high-quality commercial space across the north of England and Scotland. Three years ago Wykeland sold a range of business parks in Scotland and the North East to focus on its “sphere of influence” in Yorkshire and the Humber and that decision has paid dividends. The company now has a development pipeline of almost £400m within the region, with flagship projects including the fast-growing Bridgehead and Meltonwest business parks in East Yorkshire. Wykeland has also established a reputation as a trusted partner of the public sector in bringing commercial acumen and delivery focus to public-private partnerships. As well as the partnership with Hull

Read More »

Crest Nicholson announces plans for 192 new homes at Alconbury Weald, Cambridgeshire

Award-winning developer Crest Nicholson has submitted a Reserved Matters Application for 192 homes and landscaped public open space at Alconbury Weald, Cambridgeshire. Located on the former airfield to the north west of Huntingdon, Crest Nicholson will become the fifth housebuilder to join the growing development of over 5,000 homes.   The application comes forward under the Planning Framework and Design Code set in place by the Outline application for Alconbury Weald. The Crest Nicholson team is working closely with the master developer behind Alconbury Weald, Urban&Civic.   Benefitting from a prominent location on the central hub of the first phase, the new homes have been carefully designed to reflect the character of the local area. The green spaces around the homes will be connected by safe cycle and walking routes, while a number of public amenities will be delivered along the Linear Park, including orchards, outdoor table tennis and other games.   Crest Nicholson aims to deliver a mixture of house types at Alconbury Weald, including one & two-bedroom apartments and four-bedroom townhouses along the green Boulevard. Townhouses with balconies will surround the cricket pitch and semi-detached and mews properties frame the Linear Park, which follows the line of one of the former airfield’s taxi-ways creating a safe walk and scoot to school route. A mix of two, three and four-bedroom houses characterise the remainder of the development, arranged around a central green park.   Contemporary buff-coloured brick and red brick are used to denote distinct character areas within the development and are complemented by blue brick and render detailing. Internally, the homes will be light and spacious, and finished to a high specification.   Toby Lambert, Development Director at Crest Nicholson Chiltern: “We are excited to have secured the opportunity to become the latest housebuilder to join the growing Alconbury Weald community. With over 5,000 homes, an enterprise zone and a variety of public amenities – including new schools, sports pitches and a health centre – this is truly a visionary project for the wider Cambridgeshire area. Our plans are to deliver a mix of 192 high-quality homes and we look forward to working with Urban&Civic bringing this vision to fruition.”   Tim Leathes, Development Director for Urban&Civic, said: “With 475 homes currently under construction, 130 families moved in, and families moving in each week, it is great to be able to open up the next parcel for development. Our approach ensures that housebuilders coming on site bring forward the variety of sizes, types and prices people need, but there is also a consistency in the overall quality and nature of design and in the way homes connect to community facilities and green space.   “As the first housebuilders start to finish their work on the early areas around the school, we will be announcing more housebuilders coming on over the next few months. There are nearly 70 house types on sale at Alconbury Weald, offering a great place to live and set down roots.”  

Read More »