Leading property developer and investor, Scarborough Group International (SGI) has announced the promotion of Adam Varley to the role of Development Director to help accelerate the Group’s ambitious growth strategy. Adam joined SGI in February 2020 as Commercial Director and has achieved a number of significant milestones in little over
Savills Investment Management (Savills IM), the international real estate investment manager, working with Panattoni – the UK’s largest speculative developer – as development manager, has commissioned a new net zero carbon logistics/warehouse development at its Belvedere Wharf site in Bexley, southeast London. Belvedere is one of London’s premiere logistics locations.
BDC 319 : Aug 2024
Leading property developer and investor, Scarborough Group International (SGI) has announced the promotion of Adam Varley to the role of Development Director to help accelerate the Group’s ambitious growth strategy. Adam joined SGI in February 2020 as Commercial Director and has achieved a number of significant milestones in little over 18 months, including concluding the lease negotiations for Yorkshire’s largest ever out of town pre-let to Lowell at Thorpe Park Leeds, letting the remaining space at Lumina, a speculative grade A office building also located at Thorpe Park Leeds, as well as launching the fourth and final building at the iconic Digital Campus scheme in Sheffield. He has also been heavily involved in the master-planning of the next phase of development at Sheffield Olympic Legacy Park. In his new role, Adam will be responsible for the appraisal, delivery and asset management of the Group’s commercial development projects across the Northern Powerhouse, working alongside Group Director’s Mark Jackson and Paul Kelly. SGI’s flagship schemes include the next phase of Thorpe Park Leeds – a mixed-use community of 3.25m sq ft comprising high-quality business space, industrial and logistics space, retail, leisure and new homes – and Sheffield Olympic Legacy Park; a sports, health and wellbeing-focused Life Sciences Park where it is embarking on a first phase of 850,000 sq ft in partnership with Sheffield City Council. Commenting on his promotion, Adam said: “I feel honoured to be taking on the role of Development Director after only a relatively short time with Scarborough Group International and am looking forward to working closely with Mark, Paul and colleagues to take the Group’s development portfolio forward.” Simon McCabe, Chief Executive of SGI, added: “Adam is an incredibly talented and motivated individual, and has made a huge impact within the Group since joining. His extensive experience in the commercial property industry, combined with his depth of understanding of occupiers’ needs will be invaluable as we look to accelerate the delivery of our ambitious development pipeline across the north of England.”
Savills Investment Management (Savills IM), the international real estate investment manager, working with Panattoni – the UK’s largest speculative developer – as development manager, has commissioned a new net zero carbon logistics/warehouse development at its Belvedere Wharf site in Bexley, southeast London. Belvedere is one of London’s premiere logistics locations. It will be the final phase of speculative development at the site following the successful disposal of the previous two phases. The new project involves the redevelopment of a six-acre site providing up to 112,842 sq ft of industrial/distribution space. The brand new development can be taken as a combined 112,842 sq ft unit or as two separate units of 51,446 and 61,376 sq ft each, and will be ready for occupation Q4 2021. Lucy Winterburn, Director, Investment, Savills IM, commented: “Belvedere Wharf is in an area with great potential for regeneration and growth. There is a growing shortage of land suitable for redevelopment within the M25, and this final phase of speculative investment in this asset demonstrates the confidence that we have in the resilience of London despite Brexit and the COVID-19 pandemic. To deliver a net zero carbon product is a first for our client, but a commitment that we are embracing across the portfolio in both standing investment stock and new development. It is an exciting milestone for the fund.” James Watson, Director, Panattoni, commented: “The UK’s industrial market remains robust despite current economic challenges. Supply of high quality logistics/warehouse accommodation is very low in the southeast, and as the economy normalises, Belvedere Wharf will offer a unique opportunity for us to capitalise on the current supply dynamics. We are delighted to be working once again with Savills IM, this time showcasing a net carbon zero development.” The agents on the scheme are Savills, Glenny and DTRE.
