Property briefs: JPS Chartered Surveyors; Warrant House; Cosaf
MANCHESTER-based JPS Chartered Surveyors has acquired a new warehouse with funding support from NatWest.
The firm is an asset valuation and sale specialist which provides RICS valuation reports and conducts sales of distressed assets on behalf of insolvency practitioners.
The 8,000 sq ft warehouse in Union Street, Middleton will be used for archive and document storage, while the business’s 11,000 sq ft unit in Whitefield will now be used to hold more assets on behalf of clients.
JPS is run by brothers Mark Isaacs and Mike Gabel who are fourth generation professional valuers and auctioneers from the Isaacs’ family.
Mr Isaacs said: “We are both qualified chartered surveyors and we literally grew up attending auctions and learning the trade. The new warehouse is vital to our continued growth as we are often in urgent need of space whilst we process recovered assets for sale. This is because we use multi-channel systems, incorporating eBay, to offer assets for sale over a longer period so we can obtain the highest realisations for our clients.”
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WARRANT House a former police station in Altrincham High Street is now fully occupied following the letting of two suites in the 10,000 sq ft building.
Contract catering company Optima Catering is relocating its head office from Salford and has taken 1,000 sq ft on a five-year lease.
Financial planning firm Entire FS has taken another 1,000 sq ft, also on a five-year lease. Both tenants are paying £14/sq ft.
Optima’s managing director Brian Lockley said: “We had been looking to relocate for some time and these offices meet our business criteria and from which we can continue to expand the company.
“Altrincham is an ideal location with its excellent transport links and retail leisure amenities which all of us are looking forward to taking advantage of.”
Regional Property Solutions and Canning O’Neill acted for the landlord Grangethorpe Properties. Tenant Advisory Group represented Entire FS, while Optima was unrepresented.
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LEIGH-based Cosaf, which specialises in cooling and heating systems, has produced and installed a window display for the retailer GANT at its Regent Street store in London.
The display features a life-size statue of a naked man against a floor-to-ceiling corrugated cardboard backdrop and has been made entirely from Cosaf’s fire resistant GatorBoard material, over-layed onto MDF.
The display was part of London Design Festival’s RIBA Regent Street Windows Project, which matches RIBA architects with some of London’s top retailers to create architectural installations in shop windows. Cosaf was recruited by Sybarite Architects.
Managing director Karl Sullivan said: “We had a short time to turn production around and the whole fabricating process took around three days and the display was then shipped to the Regent Street store in order to be fitted. GatorBoard’s lightweight yet rigid structure and moisture and fire resistant properties make it ideal for displays of this nature.”
