This 1960’s office building totalled some 40,000 sq ft and was let to the local tax office on a short lease.
We acted on behalf of the owner advising them on the disposal strategy, discreetly marketing the building before selecting a property developer. Contracts exchanged on terms to suit both parties, which included additional overage payments.
The property has long term potential for residential redevelopment due to its good connections with local amenities and public transport.
We acted on behalf of an Irish property company in acquiring this 236,000 sq.ft building located in the south east London commuter town of Southend-on-Sea.
The building sits on a site of 2.543 acres (1.029 hectares) and has long term potential for alternative uses.
On behalf of BRE, we are pleased to offer for sale the freehold interest of 3.21 hectares (7.93 acres) on the northern part of our client’s campus with the benefit of a planning consent for up to 100 residential units with a minimum of 35% affordable housing.
The permission secured at appeal is outline in consent, for an overall gross floor area of 10,652 sq.m on a footprint of 4,640 sq.m, with all reserved matters to follow.
As part of a development team, we advised the land owner/our client, Land Securities, over a period of several years to secure outline planning permission for up to 314 residential units on a former sports field which totalled some 20 acres.
Due to the sensitive nature of the change of use, it was essential that we worked closely with our client, the local planning authority plus the local community. By understanding everyone’s needs a successful outcome was achieved and we subsequently represented the owners in selling the site to Persimmon for £50m.
We identified this site as being extremely suitable for self-storage and entered into a direct dialogue with the owners, subsequently resulting in an “off-market” acquisition.
This acquisition required detailed and lengthy negotiations between three parties, involving the relocation of a government department. The site is extremely prominent on the A40, a major route leading to Central London.
We acted for the previous owners in relocating their 5,574 sq.m. (60,000 sq.ft.) facility within NW London and subsequently sold this prominent two-acre site to Access Self Storage.
This modern headquarters office/production facility investment was let to Pascall Electronics Limited for a further four years. The self-contained building totalled 32,139 sq ft and included 4 acres of surrounding land. PAF sold the investment on behalf of Deloitte LLP to the tenant’s parent company.
This prime West End multi-let office investment was sold on behalf of Allied Domecq.
PAF sold this substantial industrial site and buildings on behalf of Longford Group to a private investor.
This was an under-valued and poorly managed 8,361 sq.m. (90,000 sq.ft.) office investment. Following the acquisition on behalf of “in-house” clients, a refurbishment and aggressive marketing campaign took place, resulting in a substantial increase in income and associated value.
We identified this town centre office building as having excellent development potential. The building was leased to a UK bank who were not in occupation and after several years of direct dialogue with the owners, terms were agreed for an “off-market” acquisition. A surrender of the lease was negotiated and the property subsequently sold at a substantial profit to an occupier and refurbished for their own use.
We acquired a £28m portfolio of individual workshops throughout the North East of England on behalf of Bizpace.
A portfolio of four properties totalling £10.2m was acquired for Bizspace in Warrington, Wigan, Haydock and Barnsley.
A 27,870 sq.m. (300,000 sq.ft.) industrial property was acquired “off-market” for Bizspace in Bolton (Greater Manchester). This building was divided into numerous small suites on flexible licences.
A portfolio of four properties totalling some 9,290 sq.m (100,000 sq.ft) in Swindon and Slough were acquired “off-market” for Flexspace from GWE Workspace.
This building was identified as an ideal property for a business centre, and terms were agreed and exchanged within five days from the initial inspection.
Whilst this building was being marketed on a leasehold basis, we persuaded the owners to sell the building to an “in-house” client as we believed it would make an excellent business centre, with long-term alternative use potential.
The site consists of circa 6.07 ha (15 acres), comprising redundant factories and hardstanding land. Planning consent was granted for 140 houses and B1 employment uses. We acquired the residential element unconditionally on behalf of Barratt Homes.
This site currently includes a number of low Greater London quality industrial buildings and was acquired “off-market” for Keystone Housing. Planning consent was secured for a residential development to the front and a commercial scheme to the rear.
This four-acre incoming producing industrial Greater London estate was acquired for “in-house” clients; planning consent has recently been secured “upon appeal” for a mixture of residential and commercial uses.
This was an existing investment let to NTL with several years remaining on their lease. We identified the owner, acquired the freehold interest “off-market” for Big Yellow and subsequently negotiated the surrender of NTL’s lease to gain vacant possession. An application has now been submitted for redevelopment.
This 1960’s office building was owned by a property company with some 75 years remaining on the lease to Rank Plc, who were not in occupation. We acquired the property “off-market” and subsequently negotiated a substantial surrender premium. A planning application is now being processed for residential development.
Two portfolios in excess of £18m each were acquired discretely for Bizspace from the directors of Ashtenne Plc. They included a number of industrial properties in multiple occupation on short-term flexible leases and licenses.
We identified this opportunity as the last remaining asset of an overseas investor. The building comprises 4,180 sq.m. (45,000 sq.ft.) of multi-let offices with some 1,672 sq.m. (18,000 sq.ft.) immediately vacant. The property was purchased for in-house clients as a running investment and the vacant space immediately refurbished and operated as a business centre.
Over a period of five years we assembled six individual interests totalling 18,580 sq.m. (200,000 sq.ft.) of industrial accommodation on some 4.05 ha (10 acres). The properties are part income producing and our client is currently working with the local authority to master plan a comprehensive redevelopment programme.
