Build Briefs: CPP; HCM; Number 1 Velocity Village; £6.5m service station opens
COMMERCIAL Property Partners (CPP) has recently advised on two major property deals in South Yorkshire, worth a combined total of £45m.
Sheffield-based CPP acted on behalf of Westmount Real Estate and Credit Suisse to acquire the 492,000 sq ft manufacturing and distribution base of the Symphony Group in Park Spring Road, Barnsley.
This followed hard on the heels of CPP advising Wirral Borough Council on the sale of the UK headquarters of Maplin Electronics near Rotherham.
Toby Vernon, co-founder and partner of CPP, said: “These two transactions are a massive endorsement of the South Yorkshire region as an attractive location for major UK and global investors. Two deals worth £45 million in the region in the past three months tell their own very powerful story.”
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A Yorkshire-based construction company has been awarded a £1.2m contract by motor dealer Autoworld to build a new Harley-Davidson motorcycle dealership in Nottingham.
South Elmsall-based Harris Construction Management (HCM) started work on the 870 sq m showroom and 200 sq m workshop earlier this month, and the build is scheduled to complete in May 2015.
Jason Adlam, group chief executive of HCM Group, said: “This contract win is further evidence of our ability to secure a diverse range of construction work and we are delighted to be associated with the world’s most iconic motorcycle brand. Harley-Davidson bikes are recognised throughout the world so it’s also an excellent addition to our portfolio of blue chip clients.”
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ON BEHALF of Moorfield Real Estate Fund II, Moorfield Group and Newby Management UK have announced three commercial lettings at Number 1 Velocity Village on Tenter Street in Sheffield.
Recruitment agents Chase Medical and Brewster Pratap have both taken five year leases on 4,356 sq ft and 3,350 sq ft on the first floor of Number 1 Velocity Village. In addition, DLP Planning has taken a six year lease on 2,800 sq ft on the ground floor.
Emma Trinder of Moorfield Group, the investment and asset manager of the Moorfield Real Estate Fund II which owns Velocity Village, said: “These three lettings in as many months is testament to the successful refurbishment and lettings strategy we have in place at Velocity Village. It is very rewarding to present existing and new tenants with a high quality working environment that meets the requirements of modern business and provide a flexible management approach.”
Nick Moody of Newby Management UK added: “Confidence is back and we expect Number 1 Velocity Village to be fully let shortly after the refurbishment is complete.”
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EXELBY Services, an independent service area operator, has opened its newest site at Coneygarth, adjacent to junction 51 of the A1(M) at Leeming Bar in North Yorkshire.
The business secured a £3m finance package from HSBC to support the development of the £6.5m site which has created 25 new jobs.
Exelby Services, which has a turnover of nearly £30m, already owns the services at the Golden Fleece Filling Station at J42 on the M6, Whitwood Truckstop at junction 31 on the M62 and sites on both the southbound and northbound A19 at Ingleby Arncliffe in North Yorkshire.
