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LEGAL & GENERAL ANNOUNCE £4BN INVESTMENT COMMITMENT, WORKING IN PARTNERSHIP WITH WEST MIDLANDS COMBINED AUTHORITY  

Kenneth Booth May 19, 2022

·         L&G makes seven-year multi-billion-pound landmark investment commitment to help the West Midlands Level Up  ·         Includes support for provision of housing of all tenures, including social and modular; commercial property and urban regeneration across multiple sites  ·         First project for the partnership will deliver new affordable homes in the

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Amazon Property commits £250 Million to trending property sectors.

Kenneth Booth April 5, 2022

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

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Godwin Group Expands with New Office

Cristina Diaconu May 1, 2019

Godwin Group, the UK property development investment firm, has expanded its network with a new office in London. The company, which has recently announced a number of new high profile appointments, already has existing bases in Nottingham and Birmingham. “As a leading international financial centre, London is a key location

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Power Investment Boosts London Electricity Developments

Cristina Diaconu March 29, 2019

UK Power Network has invested £600 million to boost London’s electricity network. The company’s major works have enabled the redevelopment of the Greenwich Peninsula, Nine Elms, Kidbrooke and White City, plus flagship projects such as Crossrail, the Thames Tideway tunnel and HS2. This annual investment is part of the company’s

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Investment for Harrow’s Elliot Hall Regeneration

Cristina Diaconu January 29, 2019

A £2 million cash investment has boosted work on new designs for a transformation project at Harrow’s historic Elliot Hall. The project will involve redeveloping the run-down buildings surrounding Elliot Hall, which will add extra space for classrooms, affordable studios and an improved outdoor area. The new investment in the

Read More »

Kier Leads Construction Work at Ascot Hospital

Cristina Diaconu January 15, 2019

The new £98 million Heatherwood Hospital in Ascot has officially received green light and construction work is on its way. The project leader is Kier, aiming to replace the ageing Heatherwood Hospital with a new state of the art facility, located in woodland behind the current site. “We are delighted that

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Traditional Retailers Should Celebrate In-Store Interaction

Cristina Diaconu November 9, 2018

Traditional retailers are making the wrong technology investment or delivering the wrong in-store experience, which leaves them with increasingly harsh criticism from both customers and analysts. Craig Summers, UK Managing Director, Manhattan Associates, explains why retailers cannot hope to compete with the disruptors unless they stop playing inept catch up

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Overseas Investors to be Attracted to Revamped Hull Office Site

Cristina Diaconu November 28, 2016

London-based European real estate investment and asset management firm, Catalyst Capital, has invested hundreds of thousands of pounds to refurbish an office development in the heart of Hull city centre. Chameleon Business Interior has renovated Anchor House, based in the Maltings on Silvester Street, into a New York-loft style work

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Latest Issue

BDC 319 : Aug 2024

investment

LEGAL & GENERAL ANNOUNCE £4BN INVESTMENT COMMITMENT, WORKING IN PARTNERSHIP WITH WEST MIDLANDS COMBINED AUTHORITY  

Kenneth Booth May 19, 2022

·         L&G makes seven-year multi-billion-pound landmark investment commitment to help the West Midlands Level Up  ·         Includes support for provision of housing of all tenures, including social and modular; commercial property and urban regeneration across multiple sites  ·         First project for the partnership will deliver new affordable homes in the Black Country  ·         Strong innovation focus to drive economic growth across the region  West Midlands Combined Authority (WMCA) Mayor, Andy Street, and Legal & General (L&G) CEO, Sir Nigel Wilson, have today signed a partnership agreement with L&G committing to invest £4bn in regeneration, housing and levelling up across the West Midlands.    The landmark agreement, L&G’s first with a combined authority, sets out a commitment to a seven-year programme of L&G investment, building on the region’s 2022 Investment Prospectus.   The programme is designed to create vibrant, dynamic communities in the region which, by providing attractive environments for people to work, live and play, will further enhance the West Midlands as a driver of UK economic growth. This builds on similar partnership agreements the WMCA has signed since 2018 with organisations such as Lovell and St Modwen.    The clear statement between both organisations combines the respective strengths of the WMCA and L&G. The Combined Authority has a clear and ambitious vision for the region with a strong commitment to Levelling Up, net zero, brownfield regeneration, affordable housing, inclusive growth and devolved powers to deliver on issues from land assembly to infrastructure, both physical and digital.     L&G, which manages £1.4 trillion as the UK’s largest investor, has financed over £30bn of regeneration in UK towns and cities outside London, and wants to repeat the scale of this investment.  It has already invested over £2bn in the WMCA’s region, including the £210m Birmingham Health Innovation Campus and multiple housing projects.     The 2022 West Midlands Investment Prospectus launched in March provides a range of possible development opportunities spread across the region which L&G and other investors can invest in. These prioritise creating thriving and more prosperous places and communities, including “corridors” and city and town centre development.      Alongside investment into new commercial developments, the agreement envisages a major contribution by L&G into climate-friendly projects, local communities and social and affordable housing, including build-to-sell and build-to-rent – providing high-quality homes across the range of tenures.   The agreement will also support the region’s target to deliver 215,000 new homes by 2031, as set out in its ground-breaking Housing Deal with Government in 2018, and the WMCA’s drive for wider inclusive growth.    Since the Housing Deal was signed, the West Midlands has secured upwards of £600m from Whitehall to drive regeneration with new housing and commercial schemes focussed predominantly on derelict or vacant urban sites, often referred to as brownfield land.   Using a nationally leading ‘brownfield first’ approach, WMCA investments have unlocked scores of disused industrial sites for new homes and jobs with developers required to make at least 20% of those new properties affordable under the WMCA’s own locally applied definition, linked to real world local wages rather than property prices.   The first scheme for the partnership will be The Junction, a brownfield site in Oldbury which has lain empty for over 20 years. The site will be brought back into economic use through the investment of L&G. The development will deliver 234 energy efficient new homes of which nearly 50% will be for affordable housing under the WMCA’s local definition.   Andy Street, Mayor of the West Midlands and chair of the WMCA, said: “The unveiling of this £4 billion partnership agreement with L&G is a prime example of how the West Midlands is getting on and delivering Levelling Up. This major investment will help regenerate long neglected areas across the West Midlands, provide affordable homes in the communities where the need is most felt, and supercharge economic growth in the years ahead.      “The scale of the ambition L&G is showing is evident in both the huge sums involved and the breadth of projects envisioned. It is a tremendous vote of confidence in the future of our region from one of the world’s biggest investors, and I am delighted L&G came to the table and agreed such a monumental commitment with us.   “I cannot wait to see this investment rolled out, projects underway, and the lives of our residents changed for the better.”     Sir Nigel Wilson, CEO of L&G, added: “We have been investing across the UK in partnership with cities and universities for a decade.  It’s part of our ‘Inclusive Capitalism’ approach and has delivered terrific economic and social results. With Andy and his colleagues as ambitious partners at WMCA, we can take this to a new level.    “The West Midlands’ economic plan, resources and skills make it an attractive destination for trade and investment from across the world; our role in this is to put UK funds including pension savings to work here so UK savers benefit from UK prosperity.”   Cllr Mike Bird, WMCA portfolio holder for Housing and Land and leader of Walsall Council, said: “There’s no doubt that Covid has been hard on our regional economy but this partnership brings together public and private sector investment and skills on an unprecedented scale in the West Midlands.   “It also shows how our determination to press on and continue making key investments throughout the pandemic, bringing solid delivery on the ground, has been critical in driving private sector confidence and trust.    “The level of investment that L&G has set out will be an incredible shot in the arm for the West Midlands as we continue our recovery, helping to bring sustainable economic growth that benefits all our communities and supports our ambition to be a net zero region by 2041.”   L&G’s Director of Levelling Up, John Godfrey, adds: “Towns, cities and regions across the UK can do much, much better – this is the essence of the levelling up agenda. This framework agreement with the West Midlands enables political will to combine with financial resource so policy intentions become deliverable realities. We fully expect

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Amazon Property commits £250 Million to trending property sectors.

Kenneth Booth April 5, 2022

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.

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FIRST WORLD HYBRID REAL ESTATE Plc (FWHRE) snaps up suburban retail park

Kenneth Booth February 8, 2022

West Retail Park acquired in £11.70 million deal FWHRE, an Isle of Man Regulated Fund, listed on The International Stock Exchange (TISE), has completed the acquisition of units 1A and 1B, West Retail Park in the affluent residential suburb of Milngavie, just north of Glasgow. The two units are let to Aldi and Home Bargains until June 2039 and June 2034 respectively. The Aldi rent reviews are linked to RPI. Over the past 24 months, both supermarket and discount retail assets have been highly sought after, with investors attracted by the retailers resilient trading performances and the long leases that characterise that sector. The purchase price of £11.70 million reflected a net initial yield of 4.86%. Lismore Real Estate Advisors and Avison Young jointly advised the purchaser, whilst Sheridan Keane acted for the vendor.

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Godwin Group Expands with New Office

Cristina Diaconu May 1, 2019

Godwin Group, the UK property development investment firm, has expanded its network with a new office in London. The company, which has recently announced a number of new high profile appointments, already has existing bases in Nottingham and Birmingham. “As a leading international financial centre, London is a key location for Godwin Capital to enhance its corporate profile, provide expansion opportunities and access to one of the world’s deepest pools of capital,” said Andrew Mitchell, group investment director of Godwin Group. “The build-to-rent (BTR) sector continues to grow apace; operators are looking to take advantage of improved yields and a wider selection of sites across the UK as infrastructures improve and lower land prices make development lucrative. Many of the key players in this market are based out of head offices in London. Godwin Group’s new London office is strategically located to provide this vital link, local contact and expertise for its regional businesses,” Andrew added. The new London office provides a new base of operations for both arms of the business, Godwin Developments and Godwin Capital. “Godwin Group has seen huge growth over the past months. Our new London office will allow us to accommodate further expansion plans and look to reach new markets in our key sectors. These are exciting times for Godwin Group and we are looking forward to expanding our network even further with the opening of our London office,” commented Stephen Pratt, group land director of Godwin Group. Godwin’s recent successes include a proposed new BTR scheme of 201 apartments at The Landmark development in Derby, Godwin Capital’s launch of innovative new investment products and the launch of the group’s BTR brand called Core Living – which plans to build up to 2,500 new homes over the next four years.

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Power Investment Boosts London Electricity Developments

Cristina Diaconu March 29, 2019

UK Power Network has invested £600 million to boost London’s electricity network. The company’s major works have enabled the redevelopment of the Greenwich Peninsula, Nine Elms, Kidbrooke and White City, plus flagship projects such as Crossrail, the Thames Tideway tunnel and HS2. This annual investment is part of the company’s commitment to invest £1.6 billion in London from 2015 to 2023. Since the beginning of its investment, UK Power Networks has developed a number of new electricity sub stations. “We work with developers, land owners and local authorities to ensure they have the power they need to progress their plans, which ultimately delivers economic growth for all,” said Director of Connections Mark Adolphus. “In the first six months of 2018 we commissioned five main substations to boost the capacity of the London network – that’s the most investment we’ve seen since the 1960s. That includes three main electricity substations within three kilometres of each other; Black Wall Way and Greenwich are catering for infrastructure developments. The third is Crossrail Limmo which is fully funded by our customer. This new infrastructure is the result of a lot of hard work from employees across our business and it represents a huge growth in our network capacity,” Mark added. The total power capacity being installed in London is around 540 MW- which is equivalent to powering 270,000 new homes. New substations providing extra power capacity and built since 2017 include Greenwich Peninsula, Camden and Whitechapel. Other projects under construction to power further development in areas of London and facilitate more infrastructure projects, include new substations at Nine Elms, White City, Willesden and Silvertown. UK Power Networks adds tens of thousands of new connections to its networks every year, runs 30,000 kilometres of high voltage cables under the streets of London, and is developing a smart grid to support changing energy needs.

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Tips For Real Estate Investing in a Rental Property In San Diego

Cristina Diaconu March 6, 2019

These days, people who don’t have a concrete real estate investing experience turn to rental properties to diversify investments and get good cash flow for the future. After all, a rental property can be one of the best investments you can make. If you handle it right, you can surely earn more profit and allow yourself to have reserves when an emergency arises. If you’re looking to invest in rental property in San Diego, here are the essential tips to consider from the get-go: 1. Sit down and do some research Whether you’re buying rental properties or not, it’s important to do your own research before calculating how much returns you can make from your investment. Here’s how you can do your research: -Look into the neighborhoods where you can purchase properties and gather information as to how much the rent is. -Consider some factors such as the location, nightlife, and accessibility to restaurants, schools, hospitals, and many more that may affect your income. -Find out the usual rental fee in San Diego per night, week, month, and for long-term. -Educate yourself about San Diego’s mortgage rates and how these rates can significantly impact your real estate purchases. 2. Pay debts first In some cases, real estate investors carry debt as part of their investments. However, if you have outstanding loans, medical bills, or children who will go to college, investing in a rental property in San Diego may not be the right option. You should make sure that the cost of your debt is lesser than the return from your property. From there, it’s then necessary to pay down debt to avoid putting yourself in a situation where you don’t have money to make payments. 3. Look for the right rental properties When all your goals and finances are in order, it’s time to shop for rental properties. This is usually the most enjoyable part of investing in real estate. For instance, you don’t have to walk around San Diego and search for a property. Instead, you can check many websites that provide a virtual tour for all potential properties available in the area. These sites also provide better insights to help you decide what kind of property you’re eyeing to buy. Should you choose to invest in rental properties in San Diego, you can get information from a real estate directory to make sure your buying experience is worth it. 4. Prepare the down payment and beware of high-interest rates We know that investment properties typically require you to pay a large down payment, which means more stringent approval requirements to comply with. You need to set aside a higher percentage rate than the one you put down on the home you’re currently residing. On the other hand, investing in rental properties may also require you to borrow money from lending institutions. However, you should be aware that the cost of borrowing money entails higher interest rates than your usual mortgage interest rates. Keep in mind that you should have a low mortgage payment to ensure it’ll not consume your monthly profits. 5. Make negotiations on the property After searching for a rental property, you need to make an offer. At this point, you should start negotiating your offer to potential sellers. However, you should bear in mind that negotiating takes a lot of work and calculation to make sure you get the right numbers before you purchase. -During the negotiation, don’t forget to listen to what your seller may say as the information will be necessary along the way. -When making a counteroffer, you should consider factors such as the closing date, inspection contingency, the seller’s potential financial concessions, and many more. -If you find it difficult to negotiate, ask for the assistance of a real estate agent to help you win the negotiation. -By that time, hopefully, you and the seller have come into the same terms to get the property sold in your favor. 6. Rent out the property After you’ve got the property inspected and have the keys in your possession, you should begin renting out the property in San Diego to potential tenants. Below are ways to get some tenants for your rental property: -Advertise it by showing the house to those who are interested. -Pre-screen possible tenants by looking at their proof of income and some references. -Allow them to walk through the house so they’ll know if they really want it or not. -If they show interest, give out the forms and ask them to fill in some vital information, such as names, social security numbers, employee information, previous addresses, phone numbers, and many more. -Determine whether they can sustain the rental costs and fees of the property. -If they can, prepare the lease agreements and get the payments settled out. Conclusion As with rental property investment in San Diego, you should still keep your expectations realistic. If you pick the wrong property, the result can be catastrophic. Follow these tips to make sure you get the perfect property that will secure a good cash flow from start to finish. Once you master the right practices, you’ll be able to ensure a better future for you and your family.

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Investment for Harrow’s Elliot Hall Regeneration

Cristina Diaconu January 29, 2019

A £2 million cash investment has boosted work on new designs for a transformation project at Harrow’s historic Elliot Hall. The project will involve redeveloping the run-down buildings surrounding Elliot Hall, which will add extra space for classrooms, affordable studios and an improved outdoor area. The new investment in the project has been awarded by Harrow Council and the Mayor of London under the Good Growth Fund. “It wasn’t long ago that the Arts Centre faced an uncertain future – but we take great pride in saying those days are long behind us. 230,000 people visited the site last year. We want 300,000 people and more visiting the HAC in future – and this project, will make that possible,” said Cllr Keith Ferry, portfolio holder for Business, Planning and Regeneration. “But this investment doesn’t just mean fun. It means jobs and places for our small cultural industries to grow and thrive, helping them all on their journey to success – this is what the council does best. Economic development and cultural wealth go hand-in-hand at the HAC, and that’s something we can all believe in,” Cllr Ferry continued. The first new learning space will be available on site from Autumn this year, with new artist studios following in 2020. “This is a great example of a project which aims to give Londoners of all backgrounds the opportunity to be actively involved in shaping how their city develops. The Mayor and I are committed to supporting ‘good growth’ by building a city where all Londoners have access to the same opportunities and I look forward to seeing the positive impact this project has in the future,” concluded Deputy Mayor for Planning, Regeneration and Skills, Jules Pipe.

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Kier Leads Construction Work at Ascot Hospital

Cristina Diaconu January 15, 2019

The new £98 million Heatherwood Hospital in Ascot has officially received green light and construction work is on its way. The project leader is Kier, aiming to replace the ageing Heatherwood Hospital with a new state of the art facility, located in woodland behind the current site. “We are delighted that work to build a new hospital can now begin on the Heatherwood site. This will be a fantastic hospital fit for the 21st century, offering state-of the-art care for our patients and a first class working environment for our staff,” said Dr Tim Ho, medical director at Frimley Health NHS Foundation Trust. Specialising in planned, non-emergency procedures such as orthopaedics, general surgery, urology, gynaecology and endoscopy, the new facility will have six operating theatres and 48 inpatient beds, plus 22 day case cubicles. Moreover, it will also include space for the Trust’s private patient unit. In addition, the facility will offer a range of outpatient and diagnostic facilities, including cardiology, radiology, lithotripsy, children’s clinic, physiotherapy and orthodontics and space for a primary care hub with GPs, community nurses and other healthcare specialists. “We are delighted that we can now deliver our vision for the Heatherwood site. The new hospital will ensure we can offer local patients the best care in the best environment and it is a key part of our strategy to remain an innovative and outstanding trust well into the future. We can’t wait to get started,” commented Frimley Health chief executive Neil Dardis. The new Heatherwood Hospital is the latest major development in Frimley Health’s £200 million capital investment programme, expected to be complete by late 2021.

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Traditional Retailers Should Celebrate In-Store Interaction

Cristina Diaconu November 9, 2018

Traditional retailers are making the wrong technology investment or delivering the wrong in-store experience, which leaves them with increasingly harsh criticism from both customers and analysts. Craig Summers, UK Managing Director, Manhattan Associates, explains why retailers cannot hope to compete with the disruptors unless they stop playing inept catch up and instead celebrate the value of the in-store interaction with truly empowered store associates able to deliver something far more engaging and valuable than any online experience. Lost Cause As long established family favourites vanish from the high street it appears the pure play disruptors, which are essentially tech companies, have won the hearts and minds of customers and the writing is on the wall for old style retail. But is that really the case? Far too many traditional retailers remain inherently scared of technology and it’s this fear of failure  – fear of making the wrong technology investment, of creating the wrong in-store atmosphere – that is destroying the high street. From price match offers that take 24 hours to confirm to compelling customers to complete time consuming and irrelevant customer surveys during check-out, the high street is littered with examples of ill-considered attempts to copy slick online models in-store. It doesn’t work, especially when the technology deployed is years behind that of the disruptors. It is all wrong and it fundamentally misses the point. Golden Egg Online retail has not removed customers’ desire to buy in store or interact with sales assistants; what it has done has been to raise customers’ expectations of that experience. It is incredibly simple: people still want to come in store and be served; they want to interact with an enthusiastic and engaged individual, someone who not only knows the products – and can share experiences – but is also able to locate any item anywhere in the supply chain in real time and get that item to the customer quickly, in any location. Rather than complaining about the pure plays’ low cost infrastructure and lack of real estate overhead, traditional retailers need to stop viewing the high street as the Achilles heel and think of the retail store as the golden egg. That means investing in technology that delivers the complete supply chain visibility and mobile point of sale that ensures store associates can be continuously engaged with customers anywhere on the shop floor and also investing in high quality sales staff. Attempting to ‘become Amazon’ in two years; or replicate the model of the pure play competitor over the next 18 months is never going to work: the competition is too fast, too slick and too tech savvy. Playing catch up will result in the end of the high street. What is required is a willingness to disrupt the disruptors, to leverage the advantage of a tangible personal experience and quickly exploit relevant technology to deliver an outstanding in-store experience.

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Overseas Investors to be Attracted to Revamped Hull Office Site

Cristina Diaconu November 28, 2016

London-based European real estate investment and asset management firm, Catalyst Capital, has invested hundreds of thousands of pounds to refurbish an office development in the heart of Hull city centre. Chameleon Business Interior has renovated Anchor House, based in the Maltings on Silvester Street, into a New York-loft style work space. Originally built in the late 1860s for the Hull Brewery Company Ltd, The Maltings and Anchor House were used for storing barrels waiting to be distributed to the city’s many pubs. The refurbishment has now transformed Anchor House into a range of office suites available for lease, from just less than 400 sq ft to almost 10,000 sq ft in area, as well as a sandwich bar opportunity sitting in the heart of the wider commercial district. Larger units of up to 20,000 sq ft are expected to come available in Anchor House later in the year. The building is being marketed by East Yorkshire property agent, PPH Commercial. Nick Pearce, PPH director, commented: “Hull, and the wider region, is in the midst of a cultural and economic revolution and with that comes a lot of attention, both nationally and globally. It is no surprise, therefore, that overseas investors are beginning to notice the city’s property market and get excited about it. “Anchor House is a fantastic relic of Hull’s industrial past which found a new lease of life as attractive offices. “Now, with the refurbishment completed, it is one of the most stunning locations in the city centre, with units available to suit start-ups through to much larger organisations. “We expect a lot of enquiries from local companies, but also from national companies as well because Hull’s new found status, coupled with the quality of the space, means Anchor House should attract attention from far and wide”.

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