Property round-up: RPS boosts portfolio; Gazeley signs G Park Liverpool tenant; and more
ALTRINCHAM-based Regional Property Solutions (RPS) has added properties valued at £5m to its commercial management division.
The firm said that 20,000 sq ft of retail and offices, let to the Brighthouse Group at Queen Ann House on East Bank Street in Southport has been transferred by a private investor to his existing portfolio under RPS management.
Two other investment properties based in Yorkshire have also been transferred to RPS’s management – a a 50,000 sq ft transport depot let to Transport Development Group at Nab Lane at Birstall, near Batley, and a 20,000 sq ft shop let to the Brighthouse Group at 96 West Borough in Scarborough.
Regional Property Solutions’ managing director, Charles Murray, said: “This brings the value of commercial property currently under RPS management to circa £77 million encompassing approximately 6.35 million square feet from Newcastle-upon-Tyne to central London and confirms our ability to manage property throughout the UK.”
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INDUSTRIAL property specialist Gazeley has let a 360,000 sq ft building in Liverpool to logistics giant DHL.
The unit is at Gazeley’s 44-acre G. Park Liverpool development – a joint venture with MetLife Real Estate Investments – facing the East Lancs Road close to the Gilmoss Industrial Estate. DHL has taken a ten-year lease on the site.
Gazeley has developed space on behalf of DHL across Europe for the past six years, but this is the first deal the pair have completed in the UK.
Bruce Topley, development director at Gazeley, said: “To continue our relationship with a brand as successful as DHL is of huge importance to us.
“Their continued confidence in Gazeley is, we believe, testament to our industry-leading construction qualities, strategic locations and the ability to meet our customer’s business requirements.”
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LAW firm Cobbetts has advised Rochdale Council on a land-pooling scheme which will allow regeneration efforts to continue on the Langley housing estate in Middleton, north Manchester.
The Manchester-based firm arranged a deal between the council and social housing landlord Riverside Housing Group that will allow for work proposed under the now-cancelled Housing Market Renewal (HMR) initiative to continue.
Some £12m had been spent on improving the Langley estate under the HMR scheme, which was created to stimulate the housing market in areas of low demand and was supposed to continue for a 15-year period.
Mark Barker, a partner at Cobbetts, advised Rochdale Council on the deal. 
He said: “The partnership created between Rochdale Council and Riverside Group will facilitate the further regeneration of Langley and bring about positive change for the residents of the area.
“The continuation of development in the current economic climate requires the public sector to take the lead and think outside the box, which is exactly what the council has done in relation to Langley.”
Steve Bloomer, Langley area director for the council, said: “This agreement will help both partners develop sites that are in joint ownership whilst ensuring that receipts are reinvested back into Langley in the future.”
