War chest to drive further growth at acquisitive property group

IN-SITE Property Solutions is targeting the acquisition of new sites after a sustained period of growth.

The family-owned industrial property owner and asset manager, led by 28-year-old managing director Alex Boyle, has a substantial war-chest of funding available to add new stock to its extensive portfolio.

Based in Bramham, West Yorkshire, In-site boasts a portfolio of 12 multi-let industrial and other commercial property sites extending to more than 1m sq ft of space across Yorkshire, the North of England and Scotland. These include more than 100,000 sq ft of space at the Cross Green Industrial Estate in Leeds; a 150,000 sq ft development in Fife, Scotland; and a prominent office building in Leeds’s financial district.

Mr Boyle, who was appointed as managing director at In-site in 2010, has doubled the size of the rent roll which is more than £2m a year, with 15 staff managing the portfolio and business.

He said improvements in market conditions and confidence amongst businesses were helping In-site to target opportunities.

“This is an exciting time for In-site,” said Boyle.

“Our strategy continues to be to look to acquire sites with asset management potential, through re-gearing leases, planning improvements or change of use and adding value from refurbishments and developments.

“The market is still struggling with a lack of supply of modern premises, particularly units designed and fitted out for manufacturing use, and is unlikely to see substantial return to industrial speculative building in the North to any scale in the near future.

“Our occupiers are more confident and, like us, are seeking opportunities to grow. We are also seeing increased levels of enquiries from potential tenants.

“These factors, coupled with a continuing pick-up in economic activity and In-site having substantial funds to invest, means we are confident of our prospects in 2014 as we hit the acquisition trail.

“I have devoted the last few years of my life to getting In-site to the position of strength it holds today.We have beaten all our targets. However, more importantly than that, I am proud of the fact that we have helped to create hundreds of jobs at our sites as many of the companies that take space are expanding.”
 
Established 35 years ago, the company demerged to form In-site Property Solutions in 2007.