Highcross (owner of Bizspace.co.uk) acquires portfolio of four regional office buildings for £9 million

Highcross has acquired a portfolio of four regional office buildings located in Preston, Leeds, Sheffield and Hull for a transaction consideration of £9 million. The deal reflects a net initial yield of 12.53 per cent. The acquired portfolio totals 118,806 sq ft and is let to 27 tenants including Hewlett Packard, Lloyds Banking Group, Big Lottery Fund and Storeys SSP.

Richard Pellatt, Director of Highcross’ Northern office commented that the purchase represented an opportunity to acquire a quality office portfolio with a diverse regional spread and strong mix of tenants. Pellatt said the prime locations and building flexibility offer excellent opportunities for increasing occupancy and enhancing asset values. With over £200 million of equity available for new purchases, Highcross remains keen to acquire properties in established regional locations which provide active asset management angles, said Pellatt.

The assets are, Midgery Court in Fulwood Business Park, Preston totals 48,708 sq ft across four buildings; the 21,402 sq ft Carlton Tower is located in Leeds city centre; Carbrook Business Park in Sheffield comprises 10,047 sq ft in close proximity to the Meadowhall shopping centre whilst the 38,863 sq ft Marina Court in Hull is situated overlooking the city’s marina.

Highcross acquired the portfolio from Northern Britain Property Partners who were advised by Ryden and Allsop.

Matthew Edwards, Regional Managing Partner of Ryden in Leeds commented that the sale to Highcross confirms there is still demand for good quality property with genuine asset management opportunities. Edwards further said that the properties were marketed individually and as a portfolio and generated a good level of interest from investors.

Highcross invests in commercial properties that have the potential to offer significant added value through active asset management or development. Its property portfolio includes 15 million sq ft of office and industrial premises, across the UK.  Properties range from managed workspace and serviced offices to industrial estates and business parks.

Highcross has been continually expanding its portfolio, through acquisition and development activities. In early 2008, Highcross raised approaching £1.5 billion for its third fund, taking the combined potential value of its three funds to around £3 billion. Highcross subsidiaries include Bizspace and Pure Offices.

Bizspace is a leading provider of flexible managed workspace, with more than 100 sites across the UK. Highcross is also providing funding for Pure Offices.  Pure Offices is a growing company developing new and affordable serviced offices and also acquiring suitable existing business centers.

For more information about Bizspace’s Offices and Office Space, Serviced Offices, Studio Space, Workshops, Industrial Units, Storage Facilities, Self Storage, Virtual Offices, Mailboxes. please go to the Bizspace.co.uk website, or call the general sales enquiries telephone number 0844 980 8160.

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Italian flare adds to one-of-a-kind roof at Bizspace centre in Hartlepool

A state-of-the-art roofing system from Italy, believed the first of its kind in the UK, has been installed at Bizspace’s Usworth Road, business centre in Hartlepool.

Working closely with Leeds-based Under 1 Roofing Consultants (Under1RC) and Italian-based General Membranes, the flexible workspace provider now has a 21st century roof that not only meets the latest regulations for health and safety and thermal performance, but will be an added bonus for local businesses looking for office, workshop and storage space.

“The original roof is a complex and fragile fibre-cement barrel-shaped structure, which was proving difficult to maintain,” comments Lisa Risk, Bizspace’s property director. “However, structural engineers working for Under1RC found that the only viable solution would be to completely remove and replace the entire roof at a cost of several million pounds.

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“That was not a cost-effective solution considering the age and life expectancy of the building. So we looked at finding an innovative solution.

“The challenge was to find a way to increase the strength of the structure whilst at the same time making it extremely watertight. Under1RC rose to that challenge superbly and designed a new lightweight waterproofing system that could be installed over the existing roof.

“The project also had to satisfy stringent HSE requirements when installing the system as the roof was fragile and no weight could be placed on the roof until the new system was installed.  Therefore the roofing contractor, Everlast Waterproofing Ltd devised a gantry platform system suspended over the fibre cement sheets to prevent extra loading and to enable installation.

“We’ve now got one of the most innovative roofs in the whole of Cleveland and our future clients will enjoy its benefits for many years to come.”

Bizspace provide a wide range of flexible workspace accommodation and commercial units for businesses requiring: Offices, Serviced Offices, Studio Space, Workshops, Industrial Units, Storage Facilities, Self Storage, Virtual Offices, Mailboxes, Meeting Rooms and Training Facilities.

For more information about, please go to the Bizspace.co.uk website, or call the general enquiries telephone number 0844 980 8160.

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Bizspace Exhibit to SME’s at Hull, Eastbourne, Brighton, Hove and Sunderland

Bizspace Ltd is pleased to announce their presence at the following exhibitions in 2011, mainly relating to commercial property and small business development:

Brighton & Hove Business Show Brighton & Hove Town Hall 07/04/2011
Tyne & Wear Commercial Property Show 2011 Stadium of Light, Sunderland 17/05/2011
Chamber Expo 2011 Hull The BONUS Arena, Walton Street, Hull 07/06/2011
Let’s Do Business In Eastbourne Winter Garden 23/06/2011

Bizspace provide a wide range of flexible workspace accommodation and commercial units for businesses requiring: Offices, Serviced Offices, Studio Space, Workshops, Industrial Units, Storage Facilities, Self Storage, Virtual Offices, Mailboxes, Meeting Rooms and Training Facilities.

For more information about, please go to the Bizspace.co.uk website, or call the general enquiries telephone number 0844 980 8160.

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Bizspace list their Office Space To Let in Lewes with Locate East Sussex

Flexible Affordable Business Space in Lewes, East Sussex.

Bizspace Ltd, one of the leading providers of flexible, managed workspace in the country, have listed available office space to let in Lewes, at their Malling Street location, on the Offices to Let Commercial Property Search on Locate East Sussex website.

Bizspace provides a wide range of flexible workspace accommodation and commercial units for businesses requiring: Offices, Serviced Offices, Studio Space, Workshops, Industrial Units, Storage Facilities, Self Storage, Virtual Offices, Mailboxes, Meeting Rooms and Training Facilities, mainly to the Start-Up, Sole Trader, SME and Corporate markets.

The flexible way the commercial property company operates, and offers affordable business space to customers, means that with a single payment, which includes most of the costs associated with occupying commercial premises, any size of company or business can literally sign up and move in the same day they view the property.

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Locate East Sussex offers the following services at no charge and in the strictest confidence to businesses:

  • Promoting East Sussex as a quality business location
  • Investor advice and assistance
  • Facilitating development opportunities
  • Countywide sites and premises search
  • Interactive website / online property database
  • Signposting to an extensive business support network

Locate East Sussex also works with local government, developers and commercial agents to improve the property ‘offer’ and maximise the economic development benefits from East Sussex’s key development sites.

For more information about Bizspace and the Lewes Commercial Property they offer at Malling Street, please go to the Bizspace.co.uk website, or call the general enquiries telephone number 0844 980 8160.

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Bizspace Altrincham Celebrates a Decade of Growth

Bizspace’s Altrincham Atlantic Business Centre Celebrates a Decade of Growth

Feb 15, 2011 – One of the many centres that helped Bizspace celebrate its tenth anniversary during 2010 was the Atlantic Business Centre in Altrincham and seen here in party mood are (from left to right) Emma Long, Bizspace’s operations director; Reneé Davy representing Dr Sarah Norman; Craig Hill of Impact Signs and Jill Scoltock, Bizspace’s centre manager.

Atlantic Business Centre provides a wide range of commercial space for rent in Altrincham. Located on Atlantic Street in the Broadheath area of the town, the Business Centre is made up of 52,880 sq ft (4,912 sq m) of business space for lease.

The 67 individual business units in the Centre range in size from 120 sq ft to 7,500 sq ft (11 sq m to 696 sq m) and may be used as offices, studio space, workshops, storage premises or as light industrial units. The business premises at Atlantic Business Centre are ideal for companies looking to rent space that is flexible in order that the workspace can be adapted as the company develops and changes.

Atlantic Business Centre has a number of on-site meeting rooms which are available for hire by the hour, half day or full day whether or not your company rents business premises within the Centre.

For more information about Bizspace in Altrincham contact Jill Scoltock tel: 0161 926 3600 fax: 0161 926 3601email:jill.scoltock@bizspace.co.uk. For any other Bizspace location in the UK see www.bizspace.co.uk or call 0844 980 8160.

At Bizspace we provide a wide range of flexible workspace accommodation Offices, Serviced Offices, Studio Space, Workshops, Industrial Units, Storage Facilities, Self Storage, Virtual Offices, Mailboxes, Meeting Rooms and Training Facilities

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Commercial Property Planning Consultants

Commercial Property Consultants appoint two new Planning Consultants.

Jones Lang LaSalle, Commercial Property Consultants appoint two new Planning Consultants.

Commercial Property consultants Jones Lang LaSalle have hired two new senior planning consultants, one from Cluttons, Frederica Ambrosini, and Caroline Harper from CB  Richard Ellis.

A spokeman for the Property Consulting firm said ” Our commercial and residential planning consultants strive to add value to property assets and ensure that developments are financially viable.  As a leading commercial real estate company we work with our agency and finance colleagues to deliver commercial schemes with a multi-disciplinary approach. Our expertise covers advice on planning applications for those seeking planning permission for commercial and housing development schemes and the broader planning process”.

The appointment of the two new colleagues in the planning team will surely further stregthen Jones Lang LaSalle’s position as a leading force in this space.

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Service Sector Companies choose Bradford for their Office Space Location

Service Sector Companies choose Bradford for their Office Space Location

The start of 2011 has seen a marked year on year increase in the uptake of office space in Bradford, especially from companies in the service sector. To find out if the service sector trend was a one month blip, or a general growth trend in for this sort of company in the city, we at Bradford Office Space, have been speaking to a number of companies to find out the reasons behind the decisions. We speak to Office Space providers, and companies who have signed new licence agreements or agreed new office tenancies this year, to find out the reasons behind the decisions and the emerging trend in Bradford.

Service sector – Training Company
Our customers are based UK wide, so Bradford was a well located centralised point for our new office. We chose this office above others we viewed, mainly because we felt the staffs at the business centre were a real credit to our company, as well as their own. With so many individuals, from so many large companies coming to our offices for training, we need the confidence that the business centre staff will present the right impression of our business, when they meet and greet our clients. Another motivating factor in our decision is the ability to use meeting rooms for our training on an as needed basis, booking and paying as we require them, not wasting money on empty training rooms when we are not holding events.

Service sector – Accountancy Practice
We chose our office space in Dudley Hill Bradford, mainly because we liked the flexibility of the terms of occupying it. We also felt that it was perfectly located and in reach the majority of our existing client base. Part of our client charter is a promise that we will always come to your place of work, if you prefer, but the majority of our clients visit us at least once a year, and are generally based in or around Bradford, so presentable offices in a convenient location are a must have.

Service sector – Recruitment Company
Our recruitment business is a very lean organisation, recruiting for companies in Bradford, Keighley, Halifax and Leeds, our team are out of the office quite often, and so we needed an office space in a building that is managed by a another company, in this case  Bizspace Ltd, we simply don’t have the staff to deal with anything other than our core business. Our “landlord” Bizspace, owns and manages the whole office space and then rents individual offices or floors to other companies like ours. We have a close working relationship with the staff at the Business centre and they provide a variety of additional services vital to our company, such as receptionists, meeting rooms, interview rooms, admin and IT & telecoms assistance.

If you would like to know more about Office Space in Bradford, or at other Properties run by Bizspace, a large UK wide flexible workspace company, visit www.bizspace.co.uk or call 0844 980 8160.

Some of the service sector companies that occupy Office Space in Bradford are;

I.T Services Company in Bradford

Branding Solutions Company in Bradford

Audit & Accountancy Business in Bradford

Retention Recovery business in Bradford

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