SCHOOL EXPANSION PROVIDES HUNDREDS OF NEW PUPIL PLACES FOR HILLINGDON HUNDREDS of new primary school places will be the result of an extensive refurbishment and expansion of Nanaksar Primary School in Hillingdon, West London, which has now been completed. Nanaksar Primary School is part of the Guru Nanak Multi-Academy Trust,
Panattoni, the largest industrial real estate developer in Europe, is planning to develop one of the largest speculative logistics facilities in South Yorkshire. The development, called Panattoni Doncaster 420, will be a 417,570 sq ft facility at GatewayEast, Doncaster Sheffield Airport. Panattoni has acquired the 18.4-acre site, which has outline
Leading commercial property developer, Stoford has announced a new site wide agreement with the Church Commissioners for England that will unlock future phases of development at a job creating industrial scheme in East Devon. The agreement paves the way for the development of an additional c.500,000 sq ft of industrial/logistics
Leading national urban regeneration business, Muse Developments, in partnership with Bradford Council, has appointed Caddick Construction to deliver the landmark One City Park office scheme, which will continue the transformation of the heart of Bradford city centre. The 56,403 sq. ft sustainable development on the former police HQ site, is
Meanwhile, the fully pre-let 2 Ruskin Square tops out and is on track to complete in mid-2023 Both 2 and 3 Ruskin Square targeting BREEAM Outstanding ratings. Schroders Capital’s UK Real Estate Fund (SREF) and Stanhope Plc have secured detailed planning consent from Croydon Council for 3 Ruskin Square, a
Birmingham will be Get Living’s eighth neighbourhood and marks their growing presence across the UK with a portfolio of over 10,000 homes The scheme is Watkin Jones’ largest build to rent development to date Get Living, the UK’s pioneer of large-scale build to rent neighbourhoods and Watkin Jones, the UK’s
Amazon Property, the leading London investor-developer run by CEO Charles Gourgey and COO Chris Lanitis, has committed, via Amazon Capital (the group’s private equity division), a £250 million real estate fund to invest in joint venture opportunities in the logistics, managed office solution, PBSA, Life Sciences and retirement sectors. Amazon
As a leading provider of affordable homes across the North West, Torus Developments is about to start its latest scheme in Standish, Wigan, which will see 155 new homes built at Hallbrook Gardens – Torus’ biggest investment in Wigan to date. With works starting on site with Seddon in the Spring,
Graftongate has started work on the construction of a £10m Gloucester development. Gloucester 12 sits adjacent to junction 12 of the M5 motorway. It already incorporates a 120,000 sq ft warehouse unit sold to International Plywood. A further four units are being developed and will comprise 17,516 sq ft, 26,465
Birmingham is making headlines as excitement around the 2022 Commonwealth Games builds – sparking a regeneration that looks set to result in the highest house price inflation in the country over the next five years. With HS2 promising a commute of less than an hour to central London, not to
SCHOOL EXPANSION PROVIDES HUNDREDS OF NEW PUPIL PLACES FOR HILLINGDON HUNDREDS of new primary school places will be the result of an extensive refurbishment and expansion of Nanaksar Primary School in Hillingdon, West London, which has now been completed. Nanaksar Primary School is part of the Guru Nanak Multi-Academy Trust, which has an exceptional track record of establishing successful schools. Its founder – Sant Baba Singh Ji – believes that education is a human right for children and has established 19 schools worldwide. Designed by architecture firm CPMG Architects, and delivered by contractor Bowmer + Kirkland, the £14m project includes new, purpose-built facilities to accommodate up to 840 pupils across all primary years. The new school space – built for the Department for Education – provides a warm, friendly and inclusive environment, accompanied by excellent outdoor sporting, social and learning spaces. This includes a dedicated outdoor horticultural area to reflect a key part of the Nanaksar ethos and curriculum, providing an invaluable space for learning about plants and plant care, along with the production of fruit and vegetables as healthy food choices. A generously sized greenhouse is also included along with a series of raised beds for cultivation. Hugh Avison, director at CPMG Architects, said: “It was rewarding to have been able to enhance the external areas to really maximise opportunities for outdoor learning. We made the most of the awkward tapering geometry of the site by creating an orchard, which provides a valuable natural asset to the school campus. In addition, as it matures it will become an important extension to the existing woodland within the Minet Country Park, expanding ecological corridors and benefitting local biodiversity. The planted sedum roof to the main hall spaces provides a further haven for wildlife. “Another important consideration for the school was the provision of a really supportive environment for the pupils. The building design and layout provides clear sight lines, views across the landscape, small group breakout spaces, as well as distributed staff spaces for pastoral support. “Overall, we’re genuinely pleased to have played an important part in providing best start to schooling life that all pupils deserve, and to have helped increase the number of high-quality education places for the local community.” To support with age progression, younger students are prioritised on the ground floor, with direct access from the reception classrooms to outdoor terrace areas, which minimises their need to use stairs. From this, the building organisation establishes physical progression up the building as pupils move up through year groups. The arrangement within the teaching wing of the school has been developed to group together four classrooms associated with each year group, accompanied by a dedicated breakout space. Teaching corridors are also split into year group zones, identified by different interior colours and finishes. Externally, the designs make use of traditional brickwork in an understated and contemporary manner to create a light and welcoming visual appearance, balancing a fresh and independent identity for the school. These two styles of brickwork add warmth and texture, while minimising maintenance requirements to create a building that stands the test of time. Within this, the primary school setting is reflected in more playful elements such as a patterned wall at the main entrance, colourful surfaces and inventive playline markings. Aftab Ahmed, head of business operations and chief operating officer at Nanaksar Primary School, said: “We are so pleased with the new school facilities provided by the team. This work has marked a major investment for the community in Hillingdon for current and future generations. “The new school facilities create a safe, welcoming and friendly environment that meets the needs of our current and future pupils across all communities. The facilities not only deliver a great teaching space but allows the teachers deliver the high quality of education using various resources incorporated within the build. “The work delivered will make sure that everyone thrives in this environment, and that our students get the very best start to their education possible.” The project team consists of landscape architects Ares, planning consultant DPP, structural engineer and highways consultant Curtins, building services engineer CPW, technical advisors MACE and main contractor Bowmer + Kirkland.
Panattoni, the largest industrial real estate developer in Europe, is planning to develop one of the largest speculative logistics facilities in South Yorkshire. The development, called Panattoni Doncaster 420, will be a 417,570 sq ft facility at GatewayEast, Doncaster Sheffield Airport. Panattoni has acquired the 18.4-acre site, which has outline planning consent, from Peel Land and Property. Panattoni Doncaster 420 benefits from superb multi-modal links, located within six minutes of rail facilities at iPort, while the seaports of Immingham and Hull are both approximately 50 miles from the site. It also provides last-mile access to the major conurbations of Yorkshire and Humberside and the major consumer and manufacturing centres of the North East, North West and East Midlands, plus central London, all fall within 4.5 hours by HGV. Panattoni expects to start construction later this year with the intention of delivering the facility in Summer 2023. Panattoni Doncaster 420 is targeting BREEAM ‘Excellent’ and EPC ‘A’ ratings. Occupiers will also benefit from a range of standard sustainability features and green build options. The development is part of Panattoni’s commitment to a significant speculative development programme in the UK in 2022 in response to strong demand from occupiers for immediately available space. Dan Burn, Development Director at Panattoni, said: “This well-located site with direct access to local, regional and global markets is a superb addition to our speculative development programme. South Yorkshire is rapidly forging a reputation as one of the UK’s prime distribution locations. Record take up across Yorkshire in 2021 has resulted in the supply of units over 100,000 sq ft dipping to the lowest level ever seen”. Burbage Realty acted for Panattoni.
Leading commercial property developer, Stoford has announced a new site wide agreement with the Church Commissioners for England that will unlock future phases of development at a job creating industrial scheme in East Devon. The agreement paves the way for the development of an additional c.500,000 sq ft of industrial/logistics accommodation at Exeter Logistics Park, Clyst Honiton. Stoford will develop the scheme on a design and build basis, with new units made available on freehold or leasehold terms. Exeter Logistics Park is part of the second phase of a significant industrial scheme which was opened in 2017, following the grant of outline planning, secured by the Church Commissioners. Part of the Exeter and East Devon Growth Point economic development zone east of the M5, near Exeter Airport, the scheme will total more than 650,000 sq ft upon completion and includes improvements to the local transport infrastructure. A new access road and signalised traffic junction have been created off the B3174 London Road, making the site immediately available for further development. Stoford has already completed construction of a new 90,000 sq ft distribution unit and a 415-space electric vehicle charging park at Exeter Logistics Park, on behalf of an international retailer. Works are also underway on the construction of a further two new buildings, including DHL’s 54,732 sq ft parcel distribution service centre and a 28,464 sq ft warehouse that is being developed speculatively. The new developments are characterised by strong environmental credentials, including green roof spaces, a sustainable urban drainage system, provision of solar panels and an external trim trail with outdoor gym and fitness area. They are expected to be completed this month (March 2022) and have the potential to create more than 100 new jobs. It is estimated that Exeter Logistics Park could contribute between £90 million – £105 million to the regional economy when fully complete. Dan Gallagher, Joint Managing Director, Stoford said: “Exeter Logistics Park is an extremely well connected site with enormous potential. We are on track to deliver the two new buildings in Q1 this year and the new agreement will enable us to further develop the scheme to meet continued demand. This is a sustainable scheme that has already attracted high calibre, international occupiers. It has all of the attributes to become the South West’s leading distribution hub, south of Bristol.” Joanna Loxton, Head of Strategic Land for the Church Commissioners for England, said: “The latest agreement builds on our already strong partnership with Stoford and will see hundreds of thousands of square feet of high-quality employment space being delivered, resulting in significant job creation locally and supporting the area’s continued growth. “We are particularly proud of Exeter Logistics Park’s sustainability credentials, which are a demonstration of our ESG commitments in action and will help support a ‘green recovery’ post-covid.” All enquiries regarding Exeter Logistics Park should be directed to the scheme’s retained agents, JLL and Cushman & Wakefield.
Leading national urban regeneration business, Muse Developments, in partnership with Bradford Council, has appointed Caddick Construction to deliver the landmark One City Park office scheme, which will continue the transformation of the heart of Bradford city centre. The 56,403 sq. ft sustainable development on the former police HQ site, is the first high-quality, modern office scheme to be delivered in Bradford city centre for more than 20 years. It will directly address the need for high-quality offices by offering exceptional workspace with adaptable floor plans to accommodate agile working practices. The five-storey development – rated BREEAM ‘Excellent’ – will also feature new public realm areas around the scheme. The building will connect seamlessly to the multi award-winning City Park with new stepped access and attractive seating areas. It is also within walking distance to cultural assets including City Hall, St George’s Hall and new music venue Bradford Live, which is due to open later this year. More than 300 jobs will be created throughout the construction with a further 450 jobs based in the building once completed. Enabling works are already underway with construction due to start on site later this month, and the building due to complete by summer 2023. The development will have strong sustainability credentials, including high-performance glazing to the façades to maximise natural light while reducing solar gain; photovoltaic panels and air source heat pumps to make sure the building operates on renewable energy. A roof terrace will serve a dual purpose, helping with the natural cooling of the building as well as promoting the wellbeing of its occupants. All of the car-parking spaces will have electric car charging points, coupled with secure cycle storage and changing facilities on the ground floor to encourage workers to take more sustainable and healthier ways to travel to the office. Simon Dew, development director at Muse Developments, added: “We’re very excited to announce this important milestone for One City Park and to be working with Bradford Council and Caddick Construction on this flagship scheme. The significance of One City Park can’t be underestimated for Bradford and we know there’s growing demand from businesses looking to relocate or expand in the city centre.” Adrian Dobson, managing director for Caddick Construction, said: “This is a high-profile scheme in the heart of Bradford that will have a transformational effect on the city centre. Caddick is delighted to have been chosen as construction partner to deliver on such an important project for Muse, Bradford Council and the city as a whole.” Jason Longhurst, Bradford Council’s strategic director for place, said: “We are delighted that Caddick Construction has been appointed to bring this flagship scheme to life. One City Park will be a huge step forward in our ambition to become a clean growth city district and provide a welcome boost to the city centre economy.” Muse Developments is an established specialist in place-changing regeneration, working in close partnerships with councils, local stakeholders and the wider business communities to create award winning landmark developments across the UK. Muse is also part of Morgan Sindall plc – the UK’s leading construction and regeneration group. Bradford was also recently named in a national report as the city with the most potential to benefit from the Levelling Up agenda. This report coincides with significant investment for Bradford into both transport and infrastructure as part of the £50m Transforming Cities public realm enhancement programme. For further information visit www.onecitypark.com.
Meanwhile, the fully pre-let 2 Ruskin Square tops out and is on track to complete in mid-2023 Both 2 and 3 Ruskin Square targeting BREEAM Outstanding ratings. Schroders Capital’s UK Real Estate Fund (SREF) and Stanhope Plc have secured detailed planning consent from Croydon Council for 3 Ruskin Square, a 14-storey office building adjacent to East Croydon Station. The building, strikingly designed by shedkm, will provide 290,000 sq ft of offices plus retail on the ground floor to enhance future amenity at the scheme. Advanced and sustainable design remains at the heart of the Ruskin Square development, with a number of key sustainability design features incorporated into each building. 3 Ruskin Square will benefit from an all-electric energy strategy, rainwater harvesting, a high-performance façade, 35% green roof cover, a modular structural design to minimise embodied carbon, photovoltaics and a BREEAM Outstanding target. Focussing on occupier health and wellbeing, the building will also feature an air handling plant providing fresh air on a floor-by-floor basis rather than conventional communal/building wide system. This will be a significant feature which will be of keen interest to tenants following recent pandemic air quality concerns. The design also includes bicycle spaces with lockers available for tenant use to promote active lifestyles and fitness, as well as three retail units located on the ground floor intended for use by convenience and local amenities to support the community-focused approach to the development. Schroders Capital has signed up to the Better Buildings Partnership agreement and Ruskin Square is a key example of delivering on its ambitious sustainability targets. The Ruskin Square mixed-use development also saw 2 Ruskin Square top out earlier this month. Both buildings are targeting BREEAM Outstanding ratings and the NABERS building performance accreditation as SREF, part of Schroders Capital, the private assets specialist investment division of Schroders, and Stanhope Plc look to deliver best-in-class office spaces, complete with pioneering sustainability credentials. These latest developments will further amplify Ruskin Square’s transformative effect on the borough. Pre-lets to the UK government were secured for both of the first two phases; the 183,000 sq ft, Grade A 1 Ruskin Square was let in its entirety on a 25-year lease to HM Revenue & Customs in 2016, and the 330,000 sq ft 2 Ruskin Square was pre-let to the UK Home Office in 2020 on a 25 year lease from completion of the development. Rob Cosslett, Deputy Fund Manager, Schroders Capital, commented: ““Ruskin Square is on track to become a truly best in class office scheme in South London, combining exceptional building design with the benefits of the nearby train station, the amenities of Boxpark, and high quality and long term office occupiers. The active management approach adopted by the team, twinned with our strong occupier relationships has generated considerable value at Ruskin Square in recent years. Achieving planning for 3 Ruskin Square represents a major step forward in delivering the next phase of the scheme, with the building offering cutting edge ESG solutions and highly desirable office space that will be well-placed to meet evolving occupier needs.” David Camp, Chief Executive, Stanhope Plc, added: “We are delighted to have received detailed planning consent for this super looking building which will set new standards for health and wellbeing not only in Croydon but the wider central London office market. It amplifies the commitment of both Schroders and Stanhope in setting high design goals and responding positively to the ESG agenda.” Alex Flint, Director, shedkm also commented: “shedkm are delighted to be working with Schroders and Stanhope on this next exciting addition to the Ruskin Square masterplan. The commercial offer looks to bring the very highest standard of sustainable workspace to the area, whilst generating a strong timeless architectural response with a new colonnade at ground and first floor and an extension to Ruskin Square itself.” Ruskin Square pipeline Ruskin Square boasts dining and leisure destination Boxpark, a further 100,000 sq ft of retail and restaurant space and attractive public realm. The first of four residential phases is now fully occupied. Delivered in partnership with Places for People, ‘Vita’ comprises 161 stunning apartments. A further 326 homes across three residential plots are consented – all with access to communal amenities and outside space. Croydon is supporting significant growth within the tech sector, attracting companies, incubators and accelerators, as the town strives to be a world-class destination for growth, opportunity and innovation in the tech sector. Croydon has recently been named London Borough of Culture for 2023, fending off competition from across the capital. This will see events across the borough – and in Ruskin Square itself – to celebrate the borough’s rich and resilient artistic heritage, creativity and diversity.
Birmingham will be Get Living’s eighth neighbourhood and marks their growing presence across the UK with a portfolio of over 10,000 homes The scheme is Watkin Jones’ largest build to rent development to date Get Living, the UK’s pioneer of large-scale build to rent neighbourhoods and Watkin Jones, the UK’s leading developer and manager of residential for rent homes have agreed a £136 million forward funding deal to deliver 551 new homes at Sherlock Street, Birmingham. Representing Get Living’s first acquisition in Birmingham, the development will provide 551 beautifully designed one, two and three-bed apartments, 47 of which will be affordable. Residents will be able to enjoy social lounges, a gym and co-working space in the scheme, which will also benefit from double-height reception areas, a landscaped podium, and a double-height sky lounge. Located within 500m of the iconic Bull Ring shopping centre, in the heart of Birmingham City Centre, Sherlock Street (currently known as Maker’s Yard) is Watkin Jones’ largest build to rent development to date and will be ideally placed for residents to benefit from the city’s extensive retail, restaurants and bars, as well as public transport from Birmingham New Street Station. Alex Pease, Chief Investment Officer of Watkin Jones, said: “Our teams have done a superb job developing this scheme and we’re very pleased to have secured an investor with the knowledge and commitment of Get Living to take it through delivery with us. Sherlock Street is perfectly located on a brownfield site in the centre of Birmingham and will offer its residents an amazing lifestyle in a highly sustainable place that offers real long-term value to the wider community. “Institutional investment like this makes a real difference for places with a significant shortage of rental homes. We have a strong record in Birmingham and are actively looking at new opportunities across the Midlands.” Rick de Blaby, CEO of Get Living, added: “Birmingham, the UK’s second largest city has always been on Get Living’s wish list and so we are very excited to have secured this key city centre location with Watkin Jones for what will be Get Living’s eighth large-scale neighbourhood. “This transaction for such an attractive scheme takes our secured development pipeline to circa 6,500 homes supporting our ambitious strategy to grow our portfolio to 15,000 homes within the next five years. “It is our responsibility, as long-term owners and custodians, to ensure we provide a sustainable neighbourhood for people in Birmingham, not just to call home and put down roots, but also to set the stage for a community to thrive. We look forward to working with Watkin Jones as they deliver the scheme.” Sherlock Street is located on a 2.47-acre site and will feature a new pedestrianised public square that connects the city centre with the wider Rea Valley Urban Quarter, as well as giving access to the scheme’s circa 16,500 sq ft of ground floor commercial space that will enable local employment opportunities. The neighbourhood will be managed and operated by Get Living on behalf of its investors, with the final phase of the scheme expected to complete in 2025. Get Living was advised by BCLP and Colliers. Watkin Jones was advised by Addleshaw Goddard.
Amazon Property, the leading London investor-developer run by CEO Charles Gourgey and COO Chris Lanitis, has committed, via Amazon Capital (the group’s private equity division), a £250 million real estate fund to invest in joint venture opportunities in the logistics, managed office solution, PBSA, Life Sciences and retirement sectors. Amazon Property built its strong brand reputation for quality and fine attention to detail through delivering some 80 mixed use developments such as The Hempel Collection with British Land, The Park Crescent and The Soho Works Estate and acquiring over 3 million square feet of development and investment assets. The group’s success over a 25 year period is its operational flexibility in being able to consider a wide variety of asset classes, with varying degrees of complexity, and delivering best-in-class projects, this agility has been the hallmark of the brand. Over the last two years Amazon Property has focused on joint venture investments and trading assets and is now set for further expansion with a new wave of private equity funding and entry into the rapidly expanding care/retirement sector under Amazon Care. Amazon Capital has committed £100 million of equity and debt/bank funding, to raise the £250 million which will be used to provide private equity funding to joint venture partners/development managers and asset managers in the alternatives sectors including logistics, managed office solutions, PBSA, Life Sciences and retirement care. Chris Lanitis, COO of Amazon Property & Founder & CIO of Amazon Capital says: “Amazon Capital is a bespoke private equity operator who understands the real estate market and as a JV partner we offer long-term support, flexibility, innovation together with streamlined and fast decision making. We have committed £250 million of fresh funding and are seeking new joint venture opportunities across London and the UK with other talented entrepreneurs and sector leaders. We are able to make fast investment decisions, as opposed to prolonged board committees, and are committed to forming equity platforms and repeat deal flow in line with our partners’ long term business endeavours.” In logistics Amazon Capital will focus on funding or entering joint ventures (£5 to £30 million investment value schemes) for acquiring or developing 2nd generation estates of between 5 acres to 20 acres in size, typically providing 200,000 sq ft to 500,000 sq ft of warehouse accommodation. Previous funding by Amazon Capital has been used to acquire jv assets including the 17 acre (400,000 sq ft) Sirdar Business Park in Wakefield, the 15 acre Swan Lane Industrial Estate in Wigan and the 6 acre Moss Electrical Estate in London’s Dartford and most recently a 210,000 sq ft single let warehouse at Wakefield 41 Industrial Park, located at the intersection of the M1 and M62 motorways. In the managed office solution market, Amazon Capital will look to acquire landmark office buildings, with acquisitions from £5 million to £50 million, in locations including Central London, Greater London and the Home Counties. With the acquired office buildings Amazon Capital is offering a bespoke approach leasing floors to tenants and providing a Cat A plus plug-and-play office setup. The Conran Building in Shad Thames is an example of a currentjoint venture acquisition undertaken. In the student accommodation sector Amazon Capital will provide funding for acquiring PBSA sites without planning, providing 300 to 500 beds, in key university centres such as London and regional cities. In medical research hubs such as Cambridge, Oxford, Stevenage and London Amazon Capital will partner with global Life Sciences companies to provide funding for real estate infrastructure such as laboratories, R&D plants, medical/medicine manufacturing plants, drug/medical warehousing and scientist office spaces. In the care sector Amazon Care will be developing a collection of care homes of between 25,000 sq ft to 70,000 sq ft in size, providing between 25 to 150 suites, complete with luxurious lifestyle amenities operated through a private-rented-sector model with a focus on dementia care. Amazon Care are currently developing in Belgravia under the Loveday brand (fifth central London site) and are in the process of acquiring a number of sites in Zones 2 and 3.
As a leading provider of affordable homes across the North West, Torus Developments is about to start its latest scheme in Standish, Wigan, which will see 155 new homes built at Hallbrook Gardens – Torus’ biggest investment in Wigan to date. With works starting on site with Seddon in the Spring, Hallbrook Gardens signifies a £30 million commitment from the Torus Group to keep building genuinely affordable, modern homes outside of its traditional heartlands of Liverpool, St Helens and Warrington. With 100% of homes at Hallbrook Gardens being available by affordable means, including Affordable Rent, Rent to Buy and Shared Ownership, Torus are committed to ensuring people across the region can access high quality, modern homes that they can afford for years to come. Discussing the scheme, Managing Director of Torus Developments, Chris Bowen said: “With the cost of living increasing and this disproportionately affecting those who earn less, we want to ensure our homes are accessible to anyone and support more people onto the housing ladder. “Through building more affordable homes and increasing the mix of tenure across all our new development schemes, we are continuing to offer multiple ways people can get on the property ladder and Hallbrook Gardens is the latest scheme that evidences how we are opening the door for more people to have their own property. We are delighted to be working with Seddon on this scheme and to further increase access to genuinely affordable housing in Wigan.” Divisional director at Seddon, Duncan Williams added: “Affordable homes are vital for people to feel a part of their community and with the demand for new houses in Wigan, Hallbrook Gardens will create 155 new homes. “We are delighted to be working with Torus Developments under the new development framework providing new affordable homes and being able to make a difference in the community.” Hallbrook Gardens is the latest new build development Torus Developments is on site with in Wigan and follows closely behind its Frog Lane development and Plank Lane development in nearby Leigh, which is due for completion this December. Also complementing Torus Developments increasing footprint across the North West, Hallbrook Gardens joins over 20 schemes currently onsite outside of the Liverpool City Region and St Helens, accounting for over 1,500 homes being built in communities across the North West.
Graftongate has started work on the construction of a £10m Gloucester development. Gloucester 12 sits adjacent to junction 12 of the M5 motorway. It already incorporates a 120,000 sq ft warehouse unit sold to International Plywood. A further four units are being developed and will comprise 17,516 sq ft, 26,465 sq ft, 38,227 sq ft and 41,288 sq ft of space, incorporating a high level of sustainability. Phil Silk, managing director of Graftongate, said: “This is the final phase of Gloucester 12, which will comprise four industrial/warehouse units totalling 123,500 sq ft. “Having recently completed the infrastructure works and secured planning permission we have decided to speculatively build these units given the strength of the market and having identified a lack of supply particularly of the sizes being built.” Myles Wilcox-Smith, partner at M1 agency and Edward Jenkinson, senior surveyor at Bruton Knowles, joint letting agents for the scheme, added: “These units are scheduled to be completed in November and will be constructed to a high standard, above institutional standards, to include 12m to underside of haunch for the largest unit with a substantial level of power available to the site.”
Birmingham is making headlines as excitement around the 2022 Commonwealth Games builds – sparking a regeneration that looks set to result in the highest house price inflation in the country over the next five years. With HS2 promising a commute of less than an hour to central London, not to mention the raft of blue-chip companies recruiting in the region, there has never been a better time to move to the area. SO Resi Solihull is a new shared ownership development that formers part of the wider Oakhurst Village scheme set in the small town of Shirley, just outside Solihull on the southern fringes of Birmingham. With excellent public transport into the city, not to mention every amenity close at hand, it offers all the benefits of proximity to Birmingham combined with small-town friendliness. Shared ownership at SO Resi Solihull offers eligible buyers a chance to buy a portion of a property and pay a monthly payment to cover the share they haven’t bought – with the option to buy more shares until they eventually own 100% of the lease. With homes ranging from two-bedroom apartments to three-storey, four-bedroom houses, the development caters for every type of buyer. Property experts are predicting that over the next five years, the average value of a home in the city could rise by 4.9 per cent every year – the fastest anticipated growth for any UK city – surpassing the 4.7% rise expected in both Manchester and London. This comes on top of strong growth that has already seen prices rise by 56% since 2013. For buyers who are desperately trying to save up for an initial deposit, this doesn’t sound like good news – but with a SO Resi home, you need a deposit of as little as 5% of the share you are buying, putting the Birmingham buzz back within reach of many more potential buyers. Kush Rawal, Director of Residential Investment at SO Resi, comments: “The Birmingham area is becoming highly sought-after, with the Commonwealth Games driving its profile and bringing thousands more high-earning jobs to the area – SO Resi Solihull is ideally placed to help people start the journey to homeownership in a well-connected and convenient location, enabling them to make the most of all the opportunities available in this vibrant and growing area.” SO Resi Solihull is close to Shirley’s busy high street, with a great selection of independent retailers, as well as all the major supermarket brands in close proximity. The town is particularly well served by restaurants, with Argentinian, South Indian, Italian, Japanese, Turkish, Chinese, Thai, German and traditional British food on the doorstep. Shirley Park offers a skate park, tennis courts, outdoor gym and play area, while parents will be pleased with the selection of local schools. Shirley railway station is 2.5 miles away from the new homes, offering services to both Snow Hill and Moor Street stations in the centre of Birmingham, around 10 miles away, as well as routes to Stratford-upon-Avon. In addition, local buses head into Solihull centre and Birmingham, making it easy to get around. All of the homes are finished to a high quality, with tiled kitchens fitted with a range of integrated appliances. Every home has private outdoor space – turfed gardens in the case of the houses, and balconies or terraces to the apartments, extending the living space into the open. Layouts are versatile, with a focus on open-plan living areas and good sized bedrooms, with an en suite to the main bedroom in all properties as well as a family bathroom with bath and shower. Plenty of natural light and convenient storage spaces mean that the spaces feel spacious and uncluttered. The first phase of three and four-bedroom houses at SO Resi Solihull will be available from Saturday 9thApril. Prices start from £105,000 for a minimum 30% share in a three-bedroom house with two parking spaces [full market value: £350,000]. For more information call 0208 607 0550 or visit www.soresi.co.uk.
