Leeds City Centre Acquisition
Carter Towler have recently advised overseas clients in the acquisition of Crown House, 85 -89 Great George Street, Leeds. This is a five storey modern city centre office building with two ground floor retail units and an overall floor area of 20,900 sq ft.
The property has been purchased with a current rent roll of £80,440 per annum, although much of the building is vacant and it is the purchaser's intention to seek planning permission to convert the building to high quality residential accommodation.
There was strong competition for the property and our clients were delighted to be the successful bidders following an informal tender bidding process.
The asking price for the property was £1.5M plus.
Craven Court Shopping Centre
We are pleased to announce that our retail agency team have recently been appointed as the retained agents for Craven Court Shopping Centre, Skipton.
Anthony Jackson, Director in Retail Agency commented:
"Craven Court offers a unique shopping experience in the heart of Skipton Town Centre. With 25 shops and leisure units Craven Court is home to a great mix of multiple and independent retailers including Fat Face, Laura Ashley and Joules. We are delighted with our appointment and look forward to working closely with the landlord in realising the centre's true potential"
25 Queen Street, Leeds 1
Substantial city centre office building sold for residential conversion.
In October 2013 Carter Towler were instructed by private clients to market the freehold interest in 25 Queen Street subject to the existing lease of the whole building currently in place to the Secretary of State for the Environment.
25 Queen Street comprised a substantial self contained office building providing over 35,000 sq ft of accommodation over 4 floors.
By November 2013 we had agreed a sale of the building to overseas investors at the asking price. Solicitors were instructed and the sale progressed smoothly to an exchange of contracts in early 2014 and legal completion in March 2014.
The purchasers successfully applied for planning permission to convert the building into a residential use, which they will implement once the current lease expires in late 2014.
Further information on this transaction is available from Richard Fraser or David Towler.
Skipton is Buzzing!
Our Retail Agency team have recently completed 3 shop lettings in the popular North Yorkshire Town of Skipton.
Card Factory, Coffee Capo and Amelia's Bridal have all taken new leases on Swadford Street in the heart of the town's retail core.
Anthony Jackson, Associate Director commented:
"With a vibrant mix of national and independent operators and a strong catchment, Skipton remains a popular retail destination. We are delighted with these lettings which have introduced 3 occupiers who didn't previously have a presence in the town".
Evolution House & Bevan House
Evolution House & Bevan House
34-36 Springwell Road
Acting for a private client Carter Towler have sold the above investment.
The property comprises a traditionally built multi let office building situated in Holbeck on the southern edge of the city centre, a locality that is currently seeing significant investment.
The building comprises a total of 22,621 sq ft of net lettable space on a site of about 1.16 acres and includes 96 car parking spaces. The property is fully let to a variety of tenants, including Leeds City Council, NPS Property Consultants, and Leeds Partnership NHS Foundation Trust, and produces a rent roll of £271,985 pa.
The investment has been sold by private treaty to a Manchester based property investment company for a figure significantly in excess of its guide price.
Fedex investment, Ashfield Way, Whitehall Industrial Estate, Whitehall Road, Leeds.
Acting for private clients Carter Towler have sold the above investment. The property comprises a purpose built distribution depot with a single storey warehouse and two storey frontage offices totalling circa 12,700 sq ft, all constructed on a site of approximately 2 acres, with the external area including a well proportioned yard for access, circulation, loading and parking all on a self-contained site with secure fencing and gates to the boundary.
The entire property is let to Fedex UK Limited on a full repairing & insuring lease for a term of 10 years from 1 September 2006 with 5 yearly rent reviews and a passing rent of £67,370 pax.
The investment has been sold to a London based property company for a price in excess of the guide of £700,000. The purchasers were represented by local agents, Gent Visick.
Cutler Heights Lane, Bradford
Acting on behalf of the Co-operative Group, an 118,000 sq ft warehouse unit at Cutler Heights Lane, Bradford, has been let to CSM UK Limited, who will be fitting out the premises as a bakery. CSM UK Limited are reputedly one of the largest bakery operators within the UK and they have taken a 10 year term to facilitate the significant alteration works that are required.
Following the successful letting, the sale of the freehold investment interest has been successfully concluded.
Arndale House, Headingley
Hot on the heels of the recent acquisition of The Arndale Centre in Headingley by Schroder Real Estate Investment Trust the Carter Towler Office Agency team were delighted to receive confirmation that they have been instructed by the new owners of this substantial mixed commercial and retail property that they are retained to advise on the marketing of the vacant office accommodation.
Existing tenants at Arndale House include White Young Green and Reed Elsevier however there is also in excess of 25,000 sq ft of vacant office accommodation available and to let.
Following some planned refurbishment works to the building, the car park and the office accommodation itself, suites will be available of nearly any size from 800 sq ft up to approximately 17,000 sq ft.
This prestigious new instruction means that the Carter Towler office agency team can now offer an even broader spectrum of office accommodation in north Leeds to organisations seeking offices in this location.
Wellington Plaza, Leeds City Centre – Fully Let!
Acting jointly with DTZ, on behalf of Legal & General, the Carter Towler Office Agency team are delighted to confirm that Wellington Plaza is now fully let. A new 10 year lease has been agreed to Wage Day Advance on the entire 20,850 sq ft office building at a competitive rent.
Pete Bradbury of Carter Towler said "We had three lettings lined up for various parts of the building in early November 2013 but our disappointment at having to turn these parties away was substantially compensated by our delight when Wage Day Advance signed up for a lease on the whole building." Needless to say Legal & General are delighted with the results of the marketing campaign.
Stanley House, Clarence Dock
The Carter Towler Office Agency team were delighted to hear that their recent pitch to Places for People in respect of the vacant office accommodation at Stanley House, Clarence Dock had been successful and that they had been retained by Places for People (jointly with Harvey Burns & Co) to market the available offices and also the ground floor retail/A3 accommodation within the building.
Stanley House is a high specification office building situated in the heart of the Clarence Dock development and provides fantastic office accommodation ranging from 2,200 sq ft to 9,000 sq ft benefiting from raised floors, air conditioning and floor-to-ceiling glazing.
In addition there are two ground floor retail/A3 premises available, one of which is licensed, both of which are available to let.
2013 was a busy year for our Retail Agency team with over 70 deals completed across the Region to a host of operators including:
Forbidden Planet (Leeds)
Costa Coffee (York)
Rigby & Peller (Harrogate)
Topps Tiles (Northallerton)
Heron Foods (Leeds)
Anthony Jackson, Associate Director, commented "Despite a challenging retail climate, 2013 showed that there is demand for retail and leisure opportunities from a broad spectrum of occupiers. With nearly 100 instructions across the North of England we are looking forward to being even more active in 2014"
22-23 Blenheim Terrace, Woodhouse Lane, Leeds
Carter Towler acting on behalf of YPP Investments have advised on the recent acquisition of 22-23 Blenheim Terrace, Woodhouse Lane, Leeds. This is a significant double fronted period office property which occupies an excellent location opposite the University of Leeds main campus.
The property comprises approximately 7,740 sq ft and includes a front building with accommodation on lower ground, ground, first and second floors which is connected to a rear annex providing additional accommodation on ground and first floors. In addition, there is a frontage car park with 13 designated parking spaces.
The purchasers are planning to convert the property into high quality student accommodation along with two retail units together with offices for their own use.
The retail units are proving to be in high demand particularly from branded food operators and deals are close to being signed up on both premises.
The vendors, a local charity, who were advised in the transaction by Knight Frank, were seeking offers in excess of £1M.
Building 1000, Link 62
Carter Towler have been appointed joint agents for Building 1000, Link 62, located at J31 of the M62 by PRUPIM.
The property offers one of the best distribution warehouses in the M62 corridor and has been constructed to a very high specification, with excellent access to the M62 motorway.
The unit extends to 63,147 ft² and benefits from a height to the eaves of 10.5m, along with good quality office accommodation and generous yard and parking.
Ian Greenwood of Carter Towler commented "It is great news to have been retained to deal with this high quality unit which is one of West Yorkshire's most highly regarded industrial motorway locations". This instruction represents a great opportunity in a market where good quality space in this size range is limited".
High Five for Carter Towler
Following their fifth straight year EGi award for "North & West Yorkshire Most Active Agent of the Year", Carter Towler have completed 5 key property deals in the first 6 months of 2013.
These include lettings of 10,500 ft² in Commerce House on Wade Lane, a 10,000 ft² letting to Keepmoat at No.1 Bowling Green Terrace on the south fringe of the city centre and a letting of The Small Mill (10,230 ft²) on Chadwick Street to Epiphany.
With a further two freehold transactions at Springwood House (12,000 ft²) in Horsforth and 10,000 ft² at Canon House on Apex Way, this amounts to nearly 53,000 ft² which has helped bolster the first half year take up for the Leeds office market.
Pete Bradbury, Associate Partner at Carter Towler, said "Following a fairly lacklustre end to 2012 we are noticing significant signs that organisations are feeling more confident, as a result of the recent deals we have completed. Clients and property professionals outside Leeds are aware that the City has had an excellent first 6 months take up and with the continued deal contribution from Carter Towler, long may this trend continue".
James Gibson joined the Building Consultancy Department of Carter Towler in July 2013 as a Graduate Building Surveyor.
James graduated from Nottingham Trent University in 2009 with a BSc (Hons) degree in Building Surveying. Before joining Carter Towler, James worked for three years in the Leeds Office of Sanderson Weatherall. James is experienced in a broad range of Building Surveying services, specialising in CAD design, contract administration and planned maintenance works.
Outside of work, James is a keen sportsman and is the captain of Wetherby RUFC.
Former Tannery, Sheriff Hutton Road, Strensall, York
Carter Towler acting on behalf of private clients have sold a former Tannery at Sheriff Hutton Road, Strensall, York.
The Tannery, which ceased trading over 10 years ago occupies a site of 5.44 acres and is situated on the edge of the commuter village of Strensall in a very attractive location with the advantage of an excellent frontage to the River Foss.
After a very competitive marketing exercise with interest from all the main residential builders the site has been sold to David Wilson Homes who have obtained planning permission for a development of 53 family houses including a mix of detached, semi detached and terraced houses ranging from 2 to 5 bedrooms.
The guide price for the site was £3.5M and a price in excess was achieved.
David Wilson Homes will be commencing development shortly and hope to have the first homes built and ready for occupation later this year.
Retail Lettings in Wickersley
Carter Towler acting for a major client have enjoyed success in letting four retail units on the very popular Tanyard Shopping Centre at Wickersley, Rotherham.
The lettings which have all been completed recently include lettings to Pizza Hut, Crucible Homes, and Mind, as well as the letting of a unit to a local restaurateur.
Each of the units let comprises a ground floor retail unit of approximately 750 ft² and all have been let on full repairing and insuring terms.
The Centre, which is also the home to a Co-operative Food Store, plus shops occupied by Greggs, Betfred, Thomson Travel, Royal Bank of Scotland, Lloyds Bank and Cooplands, is again fully occupied and extremely busy.
The lettings continue to show rental growth in the Centre and prove that retail accommodation in prime locations continues to be in good demand and to command strong rental terms.
7-9 Kirkgate, Otley
Acting on behalf of private clients, Carter Towler have negotiated the sale of 7 & 9 Kirkgate, Otley.
This is a retail investment property occupying a prime location in the town centre, adjacent to the Market Place and is let to Specsavers Opticians.
Prior to the property being marketed Carter Towler negotiated a re-gear of the Specsavers Lease, with a new 10 year unbroken lease being agreed at an improved rent of £25,000 per annum exclusive.
The re-gear created a very attractive investment which has been sold to a local investment company at a price showing a yield of sub 7% net.
The quoting price for the investment was £350,000.
The Management Department of Carter Towler are pleased to have been appointed to manage a prestigious refurbished office block at 29 Park Square Leeds 1 for a private client, the ground and first floor having recently been let to North Edge Capital, the newly developed Langbar Retail Centre at Swarcliffe for Mercian Developments, whose tenants include the Co-operative Group and Sue Ryder and the Mexborough Business Centre in South Yorkshire.
Quantum, Stourton, Leeds
Carter Towler have recently completed the sale of the above property on behalf of their clients, CDP Marshalls of Halifax. The building which extends to 38,000 ft² has been available for occupation since the time of its construction. The developer is delighted with the result achieved by way of the sale to Storefirst.Com, who will operate this as their first Leeds based self-storage facility.
The building had been offered by Carter Towler on either a "for sale" or "to let" basis, with the terms agreed for its sale being at a very healthy level bearing in mind current market circumstances.
The sale of this unit represents the disposal of the last available new build premises of its type available within the Leeds area and reflects the recent trend of modern high quality buildings being taken up by occupiers, thereby exacerbating the lack of quality accommodation within the market.
Heather Aspin joined the Management Department of Carter Towler on 7 May 2013 as a Commercial Property Manager.
Heather graduated from Sheffield Hallam University in 2012 with a First Class Honours degree in Real Estate. Before joining Carter Towler, Heather worked for Solicitor Direct in Leyland as an Estate and Letting Agent.
Success at Woodland Park
Acting on behalf of two separate clients Carter Towler have successfully let over 13,300 ft² of high quality office accommodation at Woodland Park, Cleckheaton, Bradford.
On behalf of Summit House Property Limited we have let Summit House (a prestigious two-storey highly specified office building comprising 7,910 ft²) to British Ceramic Tile Limited by way of a new 5 year lease.
British Ceramic Tile are moving from their existing brick house offices to this prestigious address to occupy Summit House. The quoting rent for Summit House was £12.50 per ft².
In an entirely unconnected transaction Carter Towler acted on behalf of ISG plc in the marketing and pre-letting of Park House at Woodland Park to MRC Transmark, who will be relocating their current regional head office into Park House in early March once refurbishment works are completed.
Park House comprises 5,400 ft² of high quality air conditioned office accommodation and the letting to MRC Transmark is by way of a 10 year lease at a rent of £12.50 per ft².
105 Water Lane
Following a run of successful lettings at Marshalls Mill, Carter Towler, on behalf of Igloo Regeneration, have recently completed another significant letting within the Round Foundry development. Elmwood Design Limited have taken 9,000 ft² at 105 Water Lane on a new 10 year lease. "The Round Foundry has very much become a hub for brand, design, web and media orientated companies and we are delighted to have attracted an occupier as well respected as Elmwood", said Pete Bradbury at Carter Towler.
Gerald Eve acted for Elmwood. Joint agents with Carter Towler include Knight Frank and CSM.
On behalf of Cube Real Estate, Carter Towler have completed the letting of a 47,215 ft² industrial unit to Walker Transport of Morley. The modern warehouse unit, which was built approximately 20 years ago, was in the ideal location to complement Walker Transport's other operations close by. A new 5 year lease was agreed on behalf of the landlords, who were delighted that Carter Towler had been able to close this void for them in what was a very competitive market for units of this size. The letting followed closely behind Carter Towler putting another 40,000 ft² unit into legals and the sale completion of two 40,000 ft² industrials in Leeds.
96 Town Street & 1-7 The Courtyard, Horsforth, Leeds
Acting on behalf of private clients Carter Towler have negotiated the sale of a mixed commercial and residential investment property at 96 Town Street and 1-7 The Courtyard, Horsforth, Leeds.
The property is an attractive new build two/three storey development. On the ground floor the premises comprise two units, both let on 6 year full repairing and insuring leases to Creative Support Ltd, who have developed the accommodation into a popular new café and pay a total rent of £25,000 per annum.
The two upper floors comprise seven high quality flats, including 2 two bedroom and 5 one bedroom and all are let on Assured Shorthold Tenancies and produce a gross income of £53,400 per annum.
The property has been sold after a short marketing campaign.
Cooplands Retail Requirement
Carter Towler have been retained by Cooplands (Doncaster) Limited to acquire new retail opportunities for their established bakery brand. Established in 1932 Cooplands now trade from over 80 stores and are seeking new leasehold opportunities in the West Yorkshire area.
They require between 500 ft² and 1,500 ft² in prominent retail locations with high footfall. City Centres, Shopping Centres, Market Towns, Busy Suburbs, Motorway Service Stations and kiosk opportunities will all be considered.
For further information please contact Anthony Jackson: email@example.com
Thorpe Park, Leeds
Carter Towler, acting on behalf of a substantial private landlord, has recently negotiated the sale of two high quality B1 office investments at Thorpe Park, Leeds.
Unit 2, Pentagon 1, 3355 Century Way is a high profile detached two storey property of 6000 ft² where Humberside Police Authority occupy the first floor on a five year full repairing and insuring lease. The ground floor is vacant and the building has been sold to BCS Design Limited, who intend to occupy the vacant space themselves.
The second building is Unit 1, Pentagon 2, 4205 Park Approach. This is a well appointed two storey semi detached property of 3100 ft² where the ground floor is occupied by Adas UK Ltd on a full repairing and insuring lease until 2014. The building has been purchased by the tenants of the first floor, Dunne Building and Civil Engineering Limited.
The prices achieved were close to the asking prices of £725,000 and £385,000 respectively.
Freehold Investment Sales at Normanton
Unit C Foxbridge Way, Normanton is subject to a lease to Kongsberg Automotive Group Limited, a Norwegian multi-national manufacturer of automotive parts.
Acting on behalf of Reptonplace Limited, Carter Towler agreed terms to sell the freehold of the investment property to the Marshall Construction Group of Elland who, as a contingent element of the disposal, negotiated a surrender of the existing lease and the simultaneous grant of a new 15 year term. The purchasers have agreed to extend the original building of 30,806 ft² and construct a further 30,000 ft².
BNP Paribas represented Kongsberg Automotive Group.
On the instructions of Legal & General, Carter Towler have been appointed to market a prominent office building on Wellington Street.
Wellington Plaza has been recently refurbished and the available space ranges from 1,864 ft² up to the whole building of 20,884 ft².
This recent instruction adds to the existing large number already in the city centre and the Agency team are delighted to have a continued working relationship with Legal & General.
Rating Expert Joins Carter Towler
One of the region's foremost Rating Surveyors, Ken Whittington FRICS, has joined Carter Towler to head up their expanding Rating Team in Leeds.
Formerly Director of Rating at Eddisons, Ken brings to the team over 30 years industry experience, both with the Valuation Office and in private practice.
Senior Partner Andy Carter commented. "We are delighted to have secured Ken's services. He offers pretty much unrivalled knowledge in rating matters in both the private and public sector throughout Yorkshire and the UK. We know our existing clients will benefit from his expertise and feel confident the Department will continue its rapid expansion in what is a specialised but increasingly important part of our business and sector in our industry".
Carter Towler are pleased to announce an addition to their Industrial Agency Department. Josh Holmes joined Carter Towler on 17 September 2012.
Josh graduated from Northumbria University in 2010 having completed an MSc in Real Estate Management. Before joining Carter Towler, Josh worked for the Co-operative Group in their Estates Department for two and a half years as a Portfolio Manager on their Commercial and Investment Portfolio.
Contact Details: firstname.lastname@example.org
Nick Fenwick joined the Building Consultancy Department of Carter Towler on 17 September 2012 as a Building Surveyor.
Nick graduated from Leeds Metropolitan University in 2001 with a BSc (Hons) degree in Building Surveying. Before joining Carter Towler Nick worked for Eddisons in their Building Consultancy Department. Nick is experienced in a broad range of Building Surveying services including dilapidations, contract administration and defect diagnosis.
Contact Details: email@example.com
Albion Court Letting for PPG
Acting jointly with WSB, Carter Towler recently successfully concluded the letting of Albion Court, 4 Albion Place, Leeds 1 to Bracken Limited on behalf of the landlord, PPG Limited.
Albion Court is a substantial city centre office building comprising 15,824 ft² over lower ground, first, second and third floors which have been predominantly vacant for approximately 2 years.
Bracken Limited intend to refurbish and convert the building into a serviced office centre, hoping to capitalise on the anticipated upturn of office letting in the retail sector of Leeds city centre following completion of the Trinity Leeds development in early 2013.
This letting is one of the largest city centre office transactions that has completed during the first half of 2012 and is also the latest building to be acquired by Bracken Limited in their continued expansion into the Leeds serviced office market.
The Management Department of Carter Towler have recently been appointed to manage the Lloyds Bank at 13/15 Cornhill, Ipswich, on behalf of Athanor International Property Investments, following their acquisition of the property which comprise the largest Lloyds Bank branch outside London at 18,500 ft².
We have also been appointed by Jack Lunn Properties to manage an additional property at Low Gates Yard, Northallerton, following their acquisition of the newly built retail development let to Majestic Wine and Pets at Home Warehouse.
Coronet House Fully Let Again
Acting on behalf of James Hare Limited, the landlord of Coronet House, Carter Towler have successfully let the vacant third floor to BJSS Limited.
Having advised on the dilapidations and subsequent refurbishment of the third floor in Coronet House when the previous tenant's lease came to an end, Carter Towler then marketed the vacant floor before negotiating and agreeing a new 3 year lease to BJSS Limited.
Comprising 6,990 ft² this letting is one of the larger city centre transactions that have taken place so far during 2012.
James Hare Limited now have a fully let and occupied building once again.
Carter Towler have been instructed to act on behalf of Kingspan Renewables in the disposal of a number of operational premises within the Wakefield area. Following Kingspan's decision to improve their operational efficiencies by consolidating five different centres of operation into one facility, Carter Towler will act jointly with Vickers Carnley in the freehold disposal of four warehouse and manufacturing premises and one office building, all of which are located within the Thornes Lane area of Wakefield close to the City Centre. The properties ranging in size from 3,464 ft² to 33,500 ft² and, totalling approximately 105,000 ft², will be offered individually or as a whole. Ian Greenwood, partner in charge of Industrial Agency at Carter Towler, stated. "The firm is delighted to have been awarded this instruction, further extending its long list of high profile, prestigious clients".
Building Services Update
Following Carter Towler's Building Services involvement with the construction of a new 44,000 ft² Bosch Rexroth facility at Normanton, the department has also now been asked to provide further advice on existing group properties, which will become vacant due to the relocation of operations to the new Northern HQ . Geographically separated, physically different and all under completely separate leases and Landlords, each unit is requiring a tailored advice from Carter Towler to assist Bosch Rexroth in meeting the terms of repairing obligations.
Carter Towler have been instructed to prepare a dilapidations claim on five buildings forming 88,000 ft² of commercial space in Morley, West Yorkshire. Having been a parcel distribution centre for a global logistics company for over 20 years, the units have become specialised and negotiations are currently ongoing with the former tenants to agree a settlement figure to return the units back to good condition. Carter Towler have also been instructed to represent the Landlord in the letting of the now vacant units.
Office Acquisition for Rock Deformation Research
Carter Towler were approached by Rock Deformation Research (RDR) in early 2012 to act on their behalf in providing advice and assistance in finding and acquiring a new city centre office.
Having carried out a full search of Leeds City Centre and providing advice to RDR on various aspects of their relocation project, Carter Towler eventually negotiated favourable terms with the landlord of West Riding House, Albion Street, Leeds 1, to acquire a new 10 year lease of the 13th Floor which comprised approximately 5,080 ft².
RDR moved into West Riding House in late-July, shortly after completing their fit out works and are now happily occupying their new home in a high quality city centre office building.
Carter Towler have secured three recent lettings at Gildersome Spur on behalf of the owners, Orchard Street Investment Management.
The three transactions represent a total take up of 40,000 ft² with Yorkshire Catering Equipment, a long established manufacturer of catering products, relocating into 20,000 ft², while MSM Foods Limited and Sharman Shaw both took buildings of 10,000 ft².
The recent success at Gildersome Spur comes after extensive refurbishment works on the vacant properties to provide excellent quality industrial/distribution facilities, coupled with a highly accessible location with the Estate situated adjacent to J27, M62.
Commenting on the recent success, Richard Walters of Orchard Street Investment said. "We are delighted to attract new occupiers onto the Estate and are confident that the recent improvements will continue to attract strong interest. Gildersome Spur is one of the premier industrial destinations in Yorkshire, offering just under 470,000 ft² of space".
The Estate is currently home to such tenants as Orange plc, Next Group plc, DHL and Home Delivery Network. Recent lettings leave four remaining units of circa 6,000 - 20,000 ft² available on a leasehold basis. For further information please contact Ian Greenwood.
Acting on behalf of Commercial Development Projects Limited, a successful investment sale of two new industrial units at Bradley Junction, Huddersfield, has recently been completed. The purchasers represented by Savills, Leeds Office, were City Client Nominees Limited, an in-house Savills Charity Fund. Both units extending to 60,000 ft² in total are let to VTL Limited, an established Huddersfield based engineering group on recently agreed 10 year leases.
Bowling Old Lane, Bradford
Acting on behalf of Solaglas, Carter Towler have recently sold their former manufacturing facility in Bowling Old Lane in Bradford following a guide price of £575,000. Situated a short distance south of the city centre in a popular commercial area of the city and built approximately 40 years ago, the site provides some 30,400 ft² of floorspace incorporating offices of 4,600 ft². The purchasers were speciality chemical company, Rialco Ltd, who relocated having outgrown their existing facility in the city.
Trident Park, Normanton
Eighteen months ago Carter Towler were delighted to be instructed by Bosch Rexroth to search for a new regional headquarters and manufacturing facility to relocate three local operations into one building, together with another division of the Bosch Group; Worcestershire Bosch, boiler manufacturers. Carter Towler have subsequently agreed to acquire the leasehold interest in a new design and build property on behalf of Bosch Rexroth. The new building will comprise a total of 44,000 ft2, incorporating 12,000 ft2 of office space, at Trident Park, Normanton, Junction 31 of the M62. Following completion of the legal process before Christmas, construction commenced in January 2012, with completion of the project due in September of this year.
Bosch Rexroth and Carter Towler worked closely with Commercial Development Projects, as the developer and Marshalls Construction as the contractor, in agreeing a detailed specification, such that all craneage and occupier specific requirements and fit out works were incorporated into the construction.
Carter Towler, through our Building Services Division, now represents Bosch Rexroth in the monitoring of the building construction and the management of Bosch's extensive fit out works.
Screwfix letting at Glasshoughton
On behalf of Marrtree Limited we have recently completed the letting of Units 5 & 6, Marrtree Business Park, Glasshoughton to Screwfix Direct Limited. The Trade counter estate which lies in the heart of Glasshoughton has been very successful since it was built approximately 10 years ago. The scheme is now fully let, with Screwfix joining tenants including Plumbing Trade Supplies Limited and Dennis Williams Limited.
We are delighted to have received instructions from Roxspring to act jointly with Jones Lang LaSalle in marketing a variety of units at Thorp Arch Estate. The Estate, located less than 2 1/2 miles from the A1M at Wetherby, is home to over 150 businesses and has over 2,000,000 ft2 space set in a spacious parkland setting. There are a range of industrial premises including warehouse, factories and small business units available to rent on flexible and fixed term leases at competitive rents. In addition, the Estate has offices to let ranging from small air conditioned units to larger detached offices, all of which have ample parking. Further details can be found in our property search or at www.thorparchestate.co.uk.
Woodhouse Plaza, 10 Woodhouse Square, Leeds
Carter Towler have recently negotiated the sale of a residential investment property situated on Woodhouse Square, close to Leeds City Centre.
The property, which is known as Woodhouse Plaza, is a substantial four storey building and comprises twelve individual flats with eight under croft parking spaces, plus five external spaces.
The building is situated close to Leeds General Infirmary and has an excellent occupancy record, with many of the tenants being medical staff from the Infirmary. The flats, which are fully let and producing a total rental income of £73,740 per annum, attracted strong interest from private investors, and resulted in a price being agreed in excess of the asking price of £820,000 and a net initial yield of better than 8.5%.
The vendors were a West Yorkshire based property company, and the property has been sold to a private investor based in London.
Copley Hill Trading Estate
Acting on behalf of Towngate Plc, Carter Towler have recently let 4,985 ft2 of Trade Counter/Warehouse unit at Copley Hill Trading Estate, Whitehall Road to Rexel UK Limited, trading as W F Senate on a 10 year lease.
The unit is ideally located for W F Senate's needs, having prominence on the Whitehall Road and the "Big Yellow" roundabout, positioned in the heart of this thriving trade counter region of Leeds.
Philip Caspell, Property Surveyor at Towngate Plc stated. "We are delighted to be welcoming our new tenants; W F Senate, onto the Copley Hill Trading Estate and very much look forward to working with them. The proximity of the unit to Leeds City Centre and the motorway network ensures maximum exposure and we hope they will enjoy many years of successful trading from the site".
Rexel UK is a business-to-business distributor of electrical installation supplies. They focus on the industrial maintenance repair and operations, safety and electrical markets and operate in 34 countries with 2,300 branches, a distribution network of more than 40 banners and 29,000 employees.
EGi Deals Winner - 5 Consecutive Years!
We are delighted to announce that Carter Towler have recently been awarded the EGi "Most Active Agent in West and North Yorkshire" for the 5th year running. The industry magazine runs an annual competition for the most active commercial agents throughout the country and Carter Towler have won the award since 2008. The award is based on the number of deals done during 2011 and reflects our continued ability to deliver results in a challenging market.
Fujitsu move to Latchmore Park, Leeds
Carter Towler have let 14,000 ft2 at Latchmore Park to Fujitsu on behalf of Industrial Property Investment Fund (IPIF).
Fujitsu design, build and operate IT systems and IT services for large scale companies both in the private and public sector. Their facility at Latchmore Park is for their telecommunications side of the business. The attraction of Latchmore Park was a combination of a good quality product in an excellent strategic location, situated just off Gelderd Road and within close proximity to Leeds City Centre and the surrounding motorway networks.
There are now only two remaining units on the Estate, Unit A circa 35,000 ft2 and Unit 3 which extends to 6,000 ft2. For more information, please contact Ben Schofield or Ian Greenwood.
Carter Towler have recently been instructed to seek new bar opportunities on behalf of craft brewery, BrewDog PLC. BrewDog currently operate bars in Glasgow, Edinburgh, Newcastle, Manchester, Leeds and London. They are now seeking to expand their unique bar experience throughout the North of England. Carter Towler have been instructed to acquire bars or premises with the potential to convert in the main leisure areas of busy cities and towns.
For further information please contact Anthony Jackson - firstname.lastname@example.org.
Building Services Department
The Building Services Department continues to grow from strength to strength, bucking the trend amongst many practices in the region in very uncertain financial times. The team has swelled in numbers with the appointment of Chartered Surveyor Peter Flint-Murray back in November. A former Storeys and Sanderson Weatherall surveyor, Peter Joins Carter Towler after a short term as a sole practitioner, specialising in Condition and Pre-acquisition Surveys, Dilapidations and building defect analysis. Chris Priestley has been promoted to Associate level whilst Gill Porritt joins the team to offer administrative support.
Since his appointment back in June 2011 Chris Priestley has successfully managed to grow the department, securing a number of recent tenders and projects, including the project monitoring and project management of the internal fit out works of a new manufacturing facility in Normanton, together with inspections and insurance valuations for three large investment company property portfolios. The department continues to service a diverse range of local and national clients, investment companies and property developers across the full range of commercial Building Surveying services.
City Centre Investment Sale
Acting for a Yorkshire based Investment Company, Carter Towler have recently sold a substantial retail and residential investment.
The property, situated at the corner of Great George Street and Oxford Row, comprises four ground floor commercial units let for retail and restaurant use, and the two upper floors have been converted into five 2 bedroom and four 1 bedroom flats.
The development, which is fully let and produces a rental income of £105,400 p.a.x, attracted strong interest, and after a competitive marketing campaign has been sold to a London based investor for a price in excess of the £1.125M asking price.
Refurbishment Scheme Results in Major Lettings at Kirkstall Industrial Estate, Leeds
An extensive refurbishment programme at Kirkstall Industrial Estate has now been completed. It includes a full redecoration of all the external cladding and loading doors, along with new landscaping and sign boards, which have drastically modernised the estate now making it one of the premier industrial locations within the region. This is strengthened by its excellent location situated just off the busy Kirkstall Road (A65) less than one mile from Leeds City centre providing good access to the surrounding motorway networks.
As joint letting agents alongside Jones Lang LaSalle we have recently secured the letting of Unit 1 to Xercise4less, who are currently fitting out the building to provide a state of the art gym complex. Once completed by the end of February it will offer the largest gymnasium in Leeds, extending across 40,000 sq ft.
This has also been followed up by the letting of Units 4 and 5 (7,500 sq ft) to Aqua by Aqua, a retail clothing company who have stores in the Victoria Quarter, Leeds and various stores across London.
The recent activity at Kirkstall Industrial Estate shows there is still a strong appetite for a good quality product. Currently we have three remaining vacant units, Unit 8 - 4,100 sq ft, Unit 14 - 4,100 sq ft, and Unit 10 which totals 13,379 sq ft.
For further information please contact Ian Greenwood or Ben Schofield.
We are pleased to announce we have been re-appointed by the Co-operative Group to undertake property management of their non-operational portfolio throughout the North of England for a further three year term. Comprising in excess of 500 properties, the size of the portfolio has increased recently following the acquisition and integration of the Britannia Building Society portfolio. We are proud to be associated with the Co-operative Group for whom we have acted for over 10 years and share its ethics, ethos and values.
Following instructions from Leeds University to dispose of a portfolio of surplus properties, Carter Towler have recently completed the sale of 15-19 Hyde Terrace and 33 Hyde Terrace. After a very active marketing campaign, both with keen interest from a series of buyers, prices close to the guide figures of £750,000 and £270,000 respectively, were achieved.
These former office buildings which are close to Leeds City Centre, Leeds University and Leeds General Infirmary, have been sold to local developers who have obtained planning permission to convert the buildings to residential accommodation.
The portfolio includes a number of additional properties on Hyde Terrace and Clarendon Road, which are now being marketed.
30 Acre Development Site Instruction at Normanton
We are delighted to announce that as part of the new PPG Land and Marshalls Construction joint venture initiative Carter Towler are to actively promote the availability of this site for new design and build projects. The site which is fully prepared and ready for immediate development is capable of accommodating a single building of up to 580,000 sq ft. The site overlooks the M62 at junction 31 and represents one of the best options for companies looking for large single footplate buildings within West Yorkshire. This new joint venture initiative should offer significant advantages to the competitiveness of this site in the regional market.
41 St Paul's Street, Leeds – City Centre Investment Property SOLD
Carter Towler, acting on behalf of PPG Land Limited, have recently sold a high quality city centre investment at 41 St Paul's Street, Leeds.
The attractive Georgian building, which has been comprehensively refurbished throughout, comprises ground floor retail space with four floors of offices above.
The property is fully income producing and has a rent roll of £96,935 per annum, which includes long term income from the ground floor letting to Philpotts Limited, as well as short term income from the offices above, which are occupied by a number of tenants.
The property has been sold to a local property company for the price of £930,000 and a net return of 9.85%.
Carter Towler have recently been instructed to monitor the construction of a new Northern facility for Bosch Rexroth at the prestigious LINK 62 development at Normanton, Wakefield. Carter Towler will also be managing the extensive fit out of the building having forged strong links with Bosch Rexroth during the process of sourcing a development suitable for their needs. Commenting upon the instruction, Chris Priestley the Head of the Building Services Department; said 'This represents a massive leap forward for an already up and coming department. This instruction should highlight to existing and future clients the full range of property services the team at Carter Towler can offer'.
The proposed development will offer 44,000 sq ft of floor area, including 12,000 sq ft of high quality office accommodation over two floors. The facility brings together a number of companies within the Bosch Group with completion of the main build scheduled for early Autumn 2012.
Building 1000, Link 62, Normanton
Carter Towler have been instructed by national bed retailer, Dreams, to market for them a 63,000 sq ft distribution premises at Normanton near Wakefield. The property is a high quality, almost new distribution facility which is now surplus to Dream's requirements. This instruction continues Carter Towler's long standing association with the marketing of large high quality industrial and warehouse properties in this location and develops further their expanding list of national and blue chip clients.
Former Milk Depot SOLD
Carter Towler, acting on behalf of national clients, have sold a former Milk Depot and premises at Haxby Road, York.
The property which comprises a building of 14,733 sq ft on a site of 0.55 acres, has been sold to Niche Homes for a price of £400,000.
The purchaser has obtained planning permission to carry out a residential development on the site consisting of 7 family houses and 6 two bedroomed apartments.
The Office Agency Department at Carter Towler has recently let a 10,000 sq ft Grade A office building at Thwaite Gaite, off Hunslet Road.
Acting for the landlord, PPG Land Ltd, the INDIGO building has been let to SRCL, the UK’s leading healthcare waste services company.
The transaction is the third largest out of town office letting in the last 12 months, with Carter Towler also being involved in the other two.
Tristram Centre, Brown Lane, Leeds
Carter Towler are delighted to have been selected by Rockspring Property Investment Managers to assist them with the letting of vacant space at the above estate. Having been instrumental in the letting programme when the centre was first developed, it is particularly pleasing to renew our association with this high quality modern industrial estate. We are currently working on the letting of one vacant unit and also have instructions to represent the landlords in lease re-structuring work within the estate.
Two Shops Let in Skipton Town Centre
Carter Towler acting on behalf of private clients have negotiated lettings of Units 1 and 2, 8 Swadford Street, Skipton.
Unit 1, which comprises a prominent corner retail unit with ground floor sales of 850 sq ft, plus additional retail space on the first floor and storage accommodation on the second floor, has been let to Hilary Lightfoot for use as a cookware shop plus associated cake shop and cake decorating business.
A ten year Lease has been agreed with a rent review after five years and at a commencing rent of £20,000 per annum, and with phased increases to £27,500 per annum in year five. The Lease also incorporates a tenant's break clause at the end of the fifth year.
The tenant is already trading in the centre of Skipton, and has taken the new premises to provide her with extra space as well as a more prominent location.
Unit 2, which comprises a well proportioned ground floor sales area of 1,650 sq ft, plus additional storage and office accommodation on the first floor has been let to multiple toy retailer, Conways Toymaster Limited.
A ten year effectively full repairing and insuring Lease has been agreed at a rent of £32,500 per annum. The Lease incorporates provision for a rent review at the end of the fifth year, as well as a tenant's break clause at the end of year five.
Both the tenants have signed their new Leases in time to fit the premises out ready for Christmas trading.
New Instruction - Unit 20, Norquest Industrial Estate, Birstall
We have been instructed jointly with Jones Lang LaSalle to market 47,215 sq ft of industrial accommodation on behalf of Cube Real Estate, a London based property investment company.
The unit provides an excellent opportunity for an occupier, with it being strategically located within 0.5 miles of J27, M62 and in turn providing easy access to the surrounding national and local motorway networks. The unit offers good quality recently refurbished space which benefits from 3 ground level loading doors, ample parking all within a secure self contained site.
Carter Towler are pleased to announce a new addition to their Building Services Department.
Chris Priestley, joined Carter Towler on 13th June 2011, from PSK Prout Tilbrook.
Chris graduated from Sheffield Hallam University in 2002, with a BSc(Hons) Degree in Building Surveying and was elected a member of the RICS in 2007. Chris is also a Prince2 qualified Project Manager.
Before joining Carter Towler, Chris worked for over 7 years at PSK Prout Tilbrook focusing on management of Planning Maintenance works at a number of Shopping Centres and commercial properties throughout the North. More recently Chris was involved in the Management of a series of Capital Investment Projects at the University of Bradford.
Chris' experience extends throughout the full range of Building Services specialising in Dilapidations Negotiations and Project Management of large scale construction scheme.
Chris D Priestley BSc (Hons) MRICS, Prince2 Practitioner
Chartered Building Surveyor
Unit 4 Pentagon
Carter Towler have negotiated the sale of Unit 4, Rubicon Square, Thorp Park, Leeds, a modern high quality two storey detached office building of 4,000 sq.ft. with 16 car parking spaces. The building, which attractive strong interest, has been sold to Back Up Technology Limited, a global service provider specialising in disaster recovery and online solutions. A price close to the asking price of £480,000 was achieved.
Create arrive at Atlas House
The retail agency team have recently completed the letting of a landmark restaurant building in the Heart of Leeds City Centre. The 5,000 sq.ft fully fitted restaurant and bar at Atlas House on King Street has been let to The Create Foundation an award winning social enterprise. The restaurant development will headed up by national executive chef Richard Allen. Richard said this week, "with a great modern look inside and a menu of modern British classics, we believe that this restaurant will be unique in Leeds"
Full House at Bradford Business Park
Acting on behalf of Jack Lunn (Properties) Ltd. of Pudsey, Leeds, we have recently successfully sold the freehold interest in Building D at Bradford Business Park to Bosideng UK, t/a Greenwoods Menswear.
Building D Bradford Business Park was the final remaining office building at this substantial Business Park and comprised 9,700 sq. ft. of high quality office accommodation within a detached three storey building.
This sale follows the previous letting of Building E to Driver Hire in 2009 of Building E which comprised 7,075 sq. ft.
These two transactions mean that Bradford Business Park is now fully developed and occupied with other occupiers including Yorkshire Bank, Raven Computers and Shorts Lifts.
Full Service for 12 South Parade
Acting on behalf of South Parade Properties LLP we have recently project managed the refurbishment of 12 South Parade, Leeds 1.
Having advised South Parade Properties LLP on the acquisition of the building during 2010 by way of a competitive informal tender we then provided further advice and recommendations regarding the refurbishment of the building.
Our Building Services team was appointed to oversee the refurbishment of the building by Absolute Contract Interiors Ltd. of Harrogate in conjunction with our office agency team who provided advice on the requirements and demands of the current Leeds office market.
The refurbishment of the building has recently completed and marketing of the available suites is well under way.
12 South Parade provides extremely high quality air conditioned office accommodation in a prime city centre location in suites ranging in size from 590 sq. ft. up to a maximum of the entire building of 8,350 sq. ft.
Double Letting at Millennium Way, Park 2000
Park 2000 has recently seen occupiers battling amongst themselves to acquire premises on the well established Distribution/Industrial Park. Working in tandem with the landlords CBRE Investors we have managed to secure two international companies. Audio Technica, a global manufacturer and distributor of audio equipment have taken Unit 5, Millennium Way (18,000 sq ft) on a 10 year lease, after seeing off serious interest from other parties. One of whom, MTS Medications, a global America company that produce packaging systems for the pharmaceutical industrial, have now been accommodated in a neighbouring unit of 15,000 sq ft. The driving force behind the strong demand was the quality of product. The Estate offers high specification warehouse/distribution space with two storey glass fronted offices giving the units a stylish modern appearance.
Land Sold for Hotel Development
On behalf of private clients we have recently completed the sale of a former motorcycle showroom on Walmgate in the historic centre of York. The property has been sold to local developer, S Harrison Developments Limited, who have won planning permission to erect a four storey 102 bedroom hotel on the site. The development, which is within easy walking distance of the city's attractions, will appeal to leisure and business visitors alike.
Long Causeway, Dewsbury
On behalf of private clients, we have recently sold a retail warehouse investment at Long Causeway, Dewsbury. The building comprises a modern purpose built unit of 15,000 ft2 and is let to Appna Continental Cash & Carry Limited on a 10 year full repairing and insuring lease from June 2008, with a tenant's break at 2013 and produces a rent of £125,000 per annum.
On behalf of Sterling Investments of Thorpe Arch near Wetherby, Carter Towler have now concluded the letting of Stadium Gate, a modern distribution premises of 63,000 sq ft off Dewsbury Road in South Leeds. The building has been acquired by TNT as a new strategic distribution centre. As part of the deal the yard is being extended to give approximately 1 acre extra of secured trailer parking.
Carter Towler advised the landlord throughout the lengthy negotiations and were delighted to agree competitive terms on their behalf on the basis of a 5 year deal.
Acting on behalf of Yorkshire Design Group, Carter Towler have recently completed a number of lettings. Fish4 Trading Ltd have relocated from Wellington Street and taken 4,000ft2 on the top floor of 46 The Calls.
At The Old Brewery, a local brand design company called The Spirit Of and recruitment specialists Langley Scott have occupied two small suites of 1,300ft2 each. The Calls area continues to be a destination for creative, forward thinking companies.
Empty Rates Blow
From 1st April 2011 vacant property with a Rateable Value of over £2,600 will incur empty rates. Until 31st March relief was available to properties with Rateable Values of £18,000 and below. The Government's decision to revoke the earlier temporary relief is likely to have a significant impact on the property owners and a further financial burden on the industry. If you have been affected by the decision it may well be worth considering appealing the Rateable Value to reduce the amount of empty rates you are liable for. If you would like to explore how we may be of assistance to you please contact Tim Rhodes on 0113 2451447, email email@example.com or your usual contact at Carter Towler.
The Industrial Agency Department have been retained by Bosch Rexroth to identify and acquire a new 40,000 sq.ft. Northern headquarters facility on their behalf. Industrial Agency Partner, Ian Greenwood, has been working closely with the Bosch Rexroth UK Board of Directors over the past 6 months in considering both existing and new build property solutions. The facility will ultimately comprise a high office content, workshop and storage facility and is likely to be based in West Yorkshire. Negotiations are continuing at this time but it is expected that an announcement on the preferred location will be announced within the next 6 weeks.
Carter Towler working with Leeds University
Carter Towler have been favoured with a number of new instructions from University of Leeds. Over the last 12 months we have been working on a strategic disposal programme of a number of surplus buildings off campus including a number in the Clarendon Road/Hyde Terrace area of the city. Other instructions include the successful re-letting of the former Endsleigh Insurance Offices on Woodhouse Lane and the sale of a residential development opportunity in Headingley.
For further information contact Tim Rhodes or David Towler.
The acquisition of the Gildersome Spur Estate in Leeds has just been concluded by Invista Real Estate. Carter Towler who have acted as letting agents on the estate for the past 15 years on behalf of the previous owners, Standard Life, were asked by Invista to provide advice during the acquisition process. We advised the prospective purchasers on all property matters from Landlord and Tenant issues through building consultancy and valuation to the ongoing marketing of the estate. We are delighted to announce that we have now been retained by the new owners to advise them in a marketing capacity going forward. The estate is made up of 34 individual units totalling approximately 500,000 sq.ft.
Land Sold for Student Housing
We have recently completed the sale of a 1.4 acre site at Hull Road, close to the centre of York. The site, which attracted strong interest, was formerly used as a Dairy and has been sold to local developers, Nixon Homes, who have won planning permission to develop 282 student bed spaces on the site which will be built in 5 blocks.
Prime Shop Unit Acquired in Manchester City Centre
On behalf of kitchen and homeware retailers, Peter Maturi, we have recently negotiated the acquisition of retail premises on King Street in the heart of Manchester retail centre. The unit provides ground floor retail space of 527 sq.ft. with basement storage and staff accommodation of 229 sq.ft., and has been taken on a 20 year lease. Peter Maturi have existing retail units in Leeds and Harrogate.
New Clients and Instructions for Office Agency
The Office Agency team has been busy over the last quarter and has been successful in picking up new instructions from several high profile clients including Skandia Life, Aegon Insurance, Evans of Leeds and Deutsche Global Real Estate.
Skandia Life have instructed us to market the remaining 4 years of their lease of 5,000 sq. ft. of high quality offices in St. Paul's House, Park Square and Aegon Insurance, having recently acquired 31 - 32 Park Row, have instructed us as their sole agents to market and let a selection of small office suites in this attractive well located building.
We have been successful in being re-instructed by Evans of Leeds on their Springwood House office building in Horsforth where there is up to 10,500 sq. ft. of refurbished accommodation available and Deutsche Global Real Estate have confirmed instructions for us to act as sole agents in respect of the vacant office accommodation at St. Andrews House on The Headrow in Leeds city centre where there are two floors of 3,800 sq. ft. per floor available.
One further new instruction of note confirmed at the end of 2010 was at Cliffe Park, Morley, Leeds 27 where we had originally acted for the initial developers, Teeston Developments Ltd., in letting all 12 of these self-contained business units and have now been instructed to market 4 buildings that have become available following the exercise of various break clauses by the current estate owners, C Le Masurier Ltd., the Jersey based property fund.
Carter Towler Office Agency Team Successful Even in Poor Market
2010 was a poor year for the office market in Leeds with only 281,000 sq. ft. of accommodation taken up in Leeds city centre and 252,000 sq. ft. taken up in out of town locations. These figures are approximately 50% of the 10 year take-up average in Leeds. However, even during these "tricky" market conditions the Carter Towler Office Agency team have managed to complete their fair share of transactions.
Out of 101 separate city centre office lettings or sales Carter Towler had an involvement in 33 of them (33%). Out of 99 out of town office lettings or sales during 2010 the Carter Towler Office Agency team had an involvement in 44 of them (44%). With an average of 39% (77 out of 200 deals) over both sectors we are doing our best to keep the market moving forward!
Overland Park represents the first significant industrial/warehouse development scheme to have commenced construction in the West Yorkshire area for 3 years. Construction is now complete and the estate is ready for letting and occupation.
A total of 13 new and refurbished units have been completed. These units are of a high specification in a size range from 3,000 to 40,000 sq.ft. Prior to completion of construction one letting has been completed, with a further deal in legals and solicitors expected to be instructed on at least one more deal within the next month.
The Industrial Agency Department are delighted with both the deals done and instructed and more generally in the very high levels of interest that this new development has generated.
Bluehall Properties Ltd. have announced that their office development at Temple Point, Colton, Leeds is now fully let for the first time since construction completed nearly three years ago. Three new letting transactions completed in the last two months were all brokered by Carter Towler and total over 18,500 sq. ft. resulting in this prestigious office development adjacent to Junction 46 of the M1 motorway being fully let.
Three recent lettings were of Unit 5 where Nationwide Electrical Safety took over 12,000 sq. ft., the first floor of Unit 6 where Nimans took approximately 4,000 sq. ft. and the ground floor of Unit 7 where Matrix Solutions Ltd. acquired approximately 2,500 sq. ft. Temple Point was originally developed approximately three years ago and comprises 9 detached self-contained two-storey office buildings comprising a total of 76,000 sq. ft. of which Bluehall Properties own 6 buildings.
Sir Ian Wrigglesworth, Chief Executive of Bluehall Properties Ltd., stated "we are absolutely delighted to have achieved full occupation at Temple Point in these extremely tricky property market conditions. To have reached this position in the face of severe competition for tenants from other business parks in the area and particularly Thorpe Park shows that our approach, our buildings and our deals combine to give an excellent result for both new and existing occupiers".
Office Investment Sold
On behalf of private clients, we have recently sold a modern B1 office investment known as The Dyehouse, West 26 Business Park at Junction 26 of the M62. The building, which extends to 5,041 sq.ft., is let to Kennedy Watts Partnership Limited on a 21 year full repairing and insuring lease from April 2004 with a tenants break at 2018, and produces a rent of £66,400 per annum. A price close to the asking price of £715,000 was achieved.
Comic Relief 5K
On the 18 March 2011, 6 members of the Carter Towler team took part in a fun run organised by C2 Advertising in aid of Comic Relief. The 5 kilometre race was a 5 lap circuit around the White Rose Office Park.
The Carter Towler team was made up of Andy Carter, who was the first of the team to finish, Carole Towler, Fraser Hornsby, Jenny Yates, Alex Raddings and Andrew Stevens, who all completed the course in around 25 minutes.
The overall event raised approximately £2,500 for Comic Relief.
EGi Deals Competition 2010
Carter Towler's Office Agency team has recently been confirmed as a Winner in the office category of the Estates Gazette's deals competition. The industry magazine runs an annual competition to find the most active agents throughout the country and Carter Towler have claimed the title for office lettings and sales within the Yorkshire region. The award is based on the number of deals done during 2010 and reflects our continued ability to deliver results in a challenging market.
Oaktree House SoldDundas Commercial Property Fund, advised by Carter Towler and Gavin Black & Partners, has sold Oaktree House, Leeds, to Prospect Estates, advised by Parker Capital for £400,000.
The four-storey, 19,335 sq ft building is three miles from Leeds city centre. The building is multi-let with a current rental income of £54,069 per annum. Oaktree House also has 57 car parking spaces.
David Towler, partner at Carter Towler, says the sale price was less than the quoting price but in line with expectations; 'The key was that the sale was to a speedy proven cash buyer who was able to complete very quickly. It was a great result for both parties.'
Hollyshaw House DealCarter Towler has recently secured the letting of Hollyshaw House in Whitkirk, Leeds. After Adoption Yorkshire have taken the 2,690 sq ft office building on a 10 year term.
After Adoption Yorkshire are a charitable organisation who provide support to all those who have been involved in adoption. AAY were previously located in offices in Headingley.
Hollyshaw House is a self contained period office building which has been recently refurbished. Carter Towler and Heaney Micklethwaite acted on behalf of the Landlord.
Abbey Dash SuccessOn the 21st November, 6 members of the Carter Towler team braved the cold to take part in the annual Leeds Abbey Dash.
The 10 kilometre flat road race starts at Leeds Town Hall, goes along the A65 to Kirkstall Abbey and back to finish at the Town Hall.
The Carter Towler team was made up of Tim Towler, Carole Towler, Ben Walker, Ben Schofield, Fraser Hornsby and Jenny Yates and all came in the top 3,000 of the 8,000 person race. Ben Schofield, the fastest in the team completed the race in sub 40 minutes and came 408th.
Caval complete at Coverdale HouseCarter Towler have recently secured the letting of 1,330 sq ft office accommodation at Coverdale House on Park Cross Street in Leeds City Centre. The rear lower ground floor suite has been let on a 6 year term to Caval Ltd.
Caval Ltd specialise in the supply of temporary and permanent personnel to the construction and mechanical and electrical industries. They were previously located in serviced space on The Headrow. The successful growth of their company has led Caval to larger, more permanent space.
Coverdale House is a fully let multi occupied office building that fronts East Parade and has a secondary access from Park Cross Street. Carter Towler advised the Landlords on this letting.
Further lettings at Temple Point, Leeds.Further lettings have been announced at Temple Point, the high quality business park development adjacent to Junction 46 of the M1 motorway on the outskirts of Leeds.
Bluehall Properties Ltd., who acquired the scheme from Checkhire (a joint Amco/ Tolent venture) have concluded deals with Seven Seas and TSG on units 7 and 6 respectively.
Carter Towler and King Sturge represented Bluehall Properties Ltd on both of these transactions.
Seven Seas have taken a lease of approx. 2,500 sq. ft. on the first floor of unit 7 in order to open a new Leeds sales office and expand their business across the country from their Humberside base.
TSG, an IT services provider based in the north east, have taken 4,000 sq. ft. on the ground floor of unit 6 to further expand their operations in the north of England.
Both organisations chose Temple Point ahead of stiff opposition from other out of town business parks such as Thorpe Park because of the attractive design of the buildings, the excellent car parking ratio and the quality of the other occupiers already at Temple Point including Yorkshire Water, Country & Metropolitan Homes, Harron Homes and Tolent Construction.
Gurpreet Jagpal, spokesman for Bluehall Properties, said “We have been absolutely delighted to welcome Companies such as Seven Seas and TSG to Temple Point. These deals, together with the recent development of the new 13,000 sq. ft. DVLA facility, mean that Temple Point is now over 75% occupied and well on its way to full occupation judging by the interest we currently have in the remaining buildings”.
Temple Point already benefits from a fantastic on-site car parking ratio of 4.5 spaces per 1,000 sq. ft. With the recent introduction of remotely monitored CCTV throughout the site occupiers are very well looked after at this prestigious business park development.
Press release ends. For further information on this press release or Temple Point contact Richard Fraser at Carter Towler on 0113 245 1447.
30 years at Crown HouseWendy Drayton has been in the role of Caretaker at Crown House in Armley for an astonishing 30 years this month. Carter Towler Chartered Surveyors who are based in Leeds have also managed the property for over 30 years and in an age of high staff turnover and different career dynamics, feel that Wendy's long standing service and hard work demand recognition.
Crown House is a multi occupied office building on Armley Road to the West of Leeds City Centre. For more information of the affordable office suites available, please contact Carter Towler 0113 245 1447 or refer to our website www.cartertowler.co.uk
Carter Towler Regent House DealCarter Towler are pleased to announce the latest deal at Regent House. 3,535 sq ft of 2nd floor office space has been let to Avertis Risk Solutions.
Regent House is an attractive, modern, 4 storey office building located on the corner of Wellington Street and Queen Street in Leeds City Centre.
Avertis Risk Solutions were previously based in smaller offices in St Martins House also in LS1 and have moved into this larger space on a 10 year term.
Pete Bradbury of Carter Towler said 'Considering the lack of decent sized requirements in the market we are obviously delighted with this letting. We were aware that Avertis had considered other options in the city centre however both the close proximity to their former offices and the quality of the offices in Regent House appeared to be the reason for them choosing these premises over competing buildings'.
Carter Towler and Nick Dyson of Blacks Solicitors acted on behalf of the landlord of Regent House, James Hare Ltd, in this transaction.
For further information on the remaining space at Regent House, ranging from 1,160 sq ft up to 6,640 sq ft, please contact Pete Bradbury or Richard Fraser at Carter Towler on 0113 245 1447.
Horsforth Office Market ImprovingDespite the recent downward trend in commercial office property transactions in the out-of-town market, Carter Towler can argue to the contrary.
Over the course of the last quarter Carter Towler has been involved in a number of property transactions in Horsforth with a total take up in the region of 25,000 sq ft.
Acting on behalf of MD Harris/Techno Group Carter Towler have let the final 5,650 sq ft of the Techno Centre to Tenet Business Solutions. This is in addition to Montpelier Group taking an extra 5,000 sq ft in the Techno Centre along with 4,220 sq ft in Sanderson House.
Another sizeable deal (8,180 sq ft) is the recent letting of Acacia House at Horsforth Office Park to Combined Selection Limited. Further smaller deals include a 635 sq ft suite in Greatminster House to The Leaf Label, 500 sq ft at Town House to Giant Systems, 600 sq ft at 194F New Road Side to MJM Mechanical Services and a further 1,000 sq ft was let to RSM North Limited at 111/113 New Road Side.
Pete Bradbury, Associate Partner at Carter Towler commented "up until recently Horsforth has had a strong office market, being well located in a good catchment area between Leeds and Bradford and extremely accessible via the outer ring road. The majority of take up in the area tends to be from local occupiers seeking alternative space to suit their specific requirements".
"Like everywhere, Horsforth has also suffered during the recent economic downturn however, recent transactions, some of a considerable size, give us an air of optimism that things are improving."
Carter Towler Calder Close DealCarter Towler are pleased to announce the letting of 1,520 sq ft office space at Calder Park in Wakefield. The first floor of Building 8, Calder Close has been let to Beam Consulting Engineers Ltd on a 3 year term.
Beam Consulting Engineers Ltd opted for the accommodation at Calder Close due to the flexibility of the deal available, good on site parking allocation and the amenities on site at the very successful Calder Park development.
Carter Towler are currently marketing other office accommodation at Calder Park. For further information please contact the office agency department on 0113 245 1447 or visit our website www.cartertowler.co.uk.
Two New Chartered SurveyorsCarter Towler are pleased to announce two of their Property Management Team have recently qualified as Chartered Surveyors in the first session of 2010.
Steve Spittlehouse MRICS and Mark Green MRICS have been at Carter Towler since 2002 and 2006 respectively. Both Steve and Mark successfully completed a part time distance learning diploma from the College of Estate Management and went on to do their APC's through the Commercial Property pathway.
Congratulations to both Steve and Mark on their success.
Carter Towler complete Barnsley Supermarket DealCarter Towler are pleased to announce the completion of the sale of a former supermarket on Peel Street in Barnsley. The site formally owned by the Co-operative Group has been sold in a multi-million pound deal to Opus Land.
The site is located close to the new Gateway Plaza development. The former supermarket has a total gross internal floor area of 5,365 sq.m on a site extending to 2.44acres.
The site will be developed into a mixed-use scheme featuring a Lidl store. Carter Towler acted on behalf of the vendor.
Flying Start for Carter TowlerThe first quarter of 2010 has seen the Carter Towler office agency team start the year on a roll.
Out of nearly 61,000 sq.ft. of out-of-town offices let or sold in Q1, Carter Towler were involved in 45,000 sq.ft. of transactions including the 4 biggest out-of-town lettings.
The biggest out-of-town transaction in Quarter 1 was the letting of Nelson House at Quayside Business Park, Hunslet which comprises 10,500 sq.ft. and was let to the Leeds Professional College in a deal that first started 15 months ago. Pete Bradbury, associate at Carter Towler, said "After persevering for so long with this training organization it was just great to get the deal over the line in the end".
At Rubicon Square at Thorpe Park Carter Towler let Unit 5 to A.J. Social Care from Castleford in a rental deal that eventually concluded with a tenant in occupation of this high quality 6,000 sq.ft. office building for the first time since completion.
Armley Court is a high quality development of B1 office buildings where Carter Towler and their joint agents, WSB and Sanderson Weatherall, have recently had some success in Q1 2010 with the British Red Cross eventually signing up for the biggest 6,000 sq.ft. building and Cadogen Information Systems from Armley also signing up in the first quarter to take a lease on the second largest building on the estate at 5,189 sq.ft. May saw the completion of Unit 1 at Armley Court to Neil Hudgell Solicitors into 4,157 sq ft leaving only one building remaining.
Pete Bradbury said "Whilst the out of town office market in Leeds has been very poor over the last 2 or 3 years it is pleasing that we have been able to buck the trend and complete these very important lettings for a number of our clients".
In addition to this Carter Towler are proud to have won the Most Active Regional Agent for North and West Yorkshire for the third year in a row.
The EGi presented Carter Towler's Agency Team with the award at a recent awards ceremony.
From March 2009 to March 2010 the Carter Towler Industrial Agency Team were involved in 54 sales and lettings totalling 1,267,200 sq ft and the Office Agency Team were involved in 70 lettings totalling 182,000 sq ft and 8 sales totalling 82,080 sq ft.
Carter Towler New Management ContractsThere has been a positive start to 2010 for the Property Management Team with an array of new contracts and additions to existing ones on a broad range of properties in various locations.
Gemini Business Park
Carter Towler have taken on the management of Gemini Business Park which comprises 9 units located in the convenient and popular location just off the A61 Scott Hall Road approximately half a mile north east of Leeds City Centre.
The units are 2 storey purpose built, self-contained, semi-detached office buildings benefiting from their own parking. Carter Towler are also the sole agents on Unit 7.
Carter Towler now manage Matrix Court, an industrial park of 6 units on Dewsbury Road.
Athanor Northern Portfolio
Carter Towler act on behalf of Athanor on the management of their Northern Portfolio which consists of 8 prime retail and office properties across the North of England.
Carter Towler now manage Atlas House which is located on the corner of King Street and St Pauls Street in Leeds City Centre. In addition Carter Towler are the letting agents of the available office space within the building. The ground floor is occupied by Ego Mediterranean Restaurant and other occupiers include various professional outfits with a good level of interest in the remainder of the space.
Jubilee Investments Northern Portfolio
Carter Towler have taken on the management of Jubilee Investments Northern Portfolio which comprises 20 Industrial Estates throughout the North East and with over 180 tenants.
Ghyll Royd-North Norfolk Portfolio
Carter Towler have taken on the property management for Ghyll Royd’s North Norfolk Portfolio consisting of 10 Industrial Estates and 8 High Street Retail units across North Norfolk and Lincolnshire
Jack Lunn Healthcare
Carter Towler, acting on behalf of Jack Lunn Healthcare, now manage 12 of their Medical Centres.
Carter Towler have taken on further management on behalf of the Co-operative Group including the non-operational Somerfield portfolio, the total portfolio managed now consists of approximately 450 properties.
Rating Revaluation-Latest UpdateThe new rating revaluation comes into effect on 1st April. 2005 assessments can still be appealed against until 31st March.
Download our Rating Guide for further information and how Carter Towler might be able to help.
First letting at Armley Court boosts Leeds out of town office marketThe developers of Armley Court are pleased to announce the first letting at their high quality B1 Business Park office development at Armley Court, Armley Road, Leeds.
Unit 4 Armley Court comprises approximately 3,000 sq. ft. and has recently been let to The Asian Express, the largest and longest established regional ethnic newspaper in the UK.
The Asian Express newspaper is a fortnightly tabloid, printed in English and circulated free in various locations around Leeds and is relocating from north Leeds to the prestigious new Armley Court development.
A spokesman for the developers, Arlington Mills Ltd. commented "we are delighted to welcome The Asian Express newspaper to Armley Court where they will benefit from the high quality of the building and excellent on site car parking. We anticipate further occupiers will be joining them shortly".
At Armley Court it is well known that the largest (6,000 sq. Ft.) building is under offer to a national charity and the marketing agents, Carter Towler, Sanderson Weatherall and WSB, report good interest in the other buildings.
Excellent fit for Greenwoods Menswear at Jack Lunn Properties’ Bradford Business ParkLeading West Yorkshire-based property company, Jack Lunn (Properties) Ltd, has attracted another prestigious name to its Bradford Business Park on Canal Road in Bradford.
Greenwoods Menswear, a leading retailer with 82 stores throughout the UK, is relocating its head office to the park having signed a five-year lease to occupy 3,166 sq ft of Grade A space. The company joins tenants including Driver Hire and Raven Computers at the City Centre location.
Commenting on the move, Neil Roberts, Managing Director of Greenwoods Menswear said: "Our company is about to celebrate 150 years of trading and our new Head Office is returning to Bradford, where the first Greenwoods shop was established in 1860 on Westgate. The central location of the offices reflects the future requirements of our business and Jack Lunn Properties were able to offer a high quality solution at Canal Road."
Carl Wright, Director of Jack Lunn (Properties) Ltd added: "This latest lease agreement demonstrates that high profile names are continuing to invest in the region despite the current economic climate. We have a proven track record in tailoring office accommodation to meet the specific demands of our tenants and are delighted to welcome Greenwoods Menswear to Bradford Business Park".
There are now only two remaining suites available at Bradford Business Park offering 3,065 sq ft to 6,240 sq ft on the Ground and First floors. Further details are available by contacting the joint letting agents Carter Towler in Leeds and Eddisons in Bradford.
Garforth Proving to be a Popular DestinationThe recent letting of 6,540 sq ft at Willow Court, Garforth to Craftwork Cards is Bridge Estates third leasehold transaction in the area since the start of 2010. Subsequently they only have 2 remaining premises across their four commercial estates in Garforth.
Commenting on their success in Garforth, Paul Crabtree, of Bridge Estates said "We have achieved a high level of occupancy by adapting to current market conditions and working with occupiers to help satisfy their requirements, rather than offering rigid, inflexible lease options. It also represents the strength of Garforth as a business destination, with immediate access to the M1/A1 (M) corridor and in turn the national motorway networks, and the proximity of Leeds Outer Ring Road giving easy access to the suburbs of Leeds".
The two remaining premises are both located on Lotherton Business Park. A 10,530 sq ft high bay warehouse/distribution unit and a self contained office suite of 543 sq ft. For further information, including quoting rents please contact the sole agents Carter Towler, or visit www.bridgeestates.co.uk
Cookridge Hospital DealCarter Towler have acquired a former Yorkshire hospital on behalf of clients Chartford Homes and J. Pullan and Sons. Cookridge Hospital which until 2008 specialised in the treatment of cancer patients has been purchased by the joint venture partnership in a £4.5m deal for housing development.
The 19.5 acre site which is located on the outskirts of Leeds has been bought by house builder Chartford Homes in partnership with property group J Pullan & Sons. The partnership stepped in to buy the former hospital from Leeds Teaching Hospitals NHS Trust after negotiations to sell the site to a national housebuilder stalled.
The site, which consists of grade two-listed hospital buildings, a 16,000 sq ft office building, other structures and land, has planning approval for around 248 properties comprising a mix of new build houses and apartments, some of which will be created within existing buildings.
Leeds-based Chartford, a wholly owned subsidiary of property developer Bracken, is set to begin work on the site immediately by carrying out demolition and enabling works. The first 24 homes are set to be completed later this year, with prices starting at around £175,000.
Chris Thompson, Chartford's managing director, said the deal showed the confidence the company had in the housing market and are delighted to be working in partnership with J Pullan & Son again who in addition to their financial strength bring years of development experience with them, particularly in the refurbishment of listed buildings.
A promising start to 2010Carter Towler are pleased to disclose the details of several recent deals and contracts completed towards the close of 2009 and the start of 2010.
Carter Towler have recently sold an investment property on behalf of Muse. The Bungalow at Gilcar Way in Normanton was sold to a private investor and achieved a price of £300,000.
The building was originally a marketing suite for Amec Developments when they first required all the Europort land around Wakefield for re-development.
Carter Towler had let the 2,500 sq ft building in June 2009 to the Mid-Yorkshire NHS Trust on a 6 year lease for £30,000 p.a. and it was sold as an investment.
Carter Towler have recently won the management contract for six office buildings at Temple Point for Bluehall Properties Limited.
These buildings form part of the Temple Point development by Amco/Tolent-Bluehall Properties who are based in the North East and have a large property portfolio mainly in the North of England.
Sale of Doctors Surgery in Harrogate
Carter Towler have secured a sale of the former Doctors surgery on East Parade in Harrogate. The surgery was one of 5 or 6 practices that have been merged together into one super practice.
There was a very good level of interest in the property due to its proximity to the station and Harrogate town centre. The property was sold in excess of the asking price which highlights the scarcity of Freehold property available in and around the immediate outskirts of Harrogate and the good level of demand for such properties.
Future Forwarding Deal
Carter Towler have secured a deal at Bruntcliffe Avenue, Morley. The 34,500 sq ft Industrial Unit was sold by Future Forwarding to Viamaster Transport Ltd in the region of £2M in October 2009.
Bruntcliffe Avenue, Morley is a modern light industrial unit with an ideal location for such a company with close proximity to the M1, M62 and M621.
Howley Park Business Village Deal
The owners of Howley Park Business Village at Morley have recently announced another letting of one of their "Business Village" office buildings.
Proving that there is still life in the Business Park office market around Leeds, J Pullan & Sons Ltd. have recently let Unit 21 Howley Park Business Village to UK Car Exchange Ltd., a new internet-based car sales operation.
UK Car Exchange Ltd. have agreed a new three year lease of this high quality self-contained two storey office building.
Bruce Strachan, Property Director of J Pullan & Sons Ltd., commented "we are delighted with the latest letting at Howley Park Business Village. We are now over 80% let and have serious interest in the remaining units".
The agents acting for the developer are Carter Towler LLP and Lambert Smith Hampton, both of Leeds.
Gildersome Spur Deal
The lease has completed on 42,600 sq ft of industrial space at Unit J, Gildersome Spur. The unit was let to CAT Logistics.
Carter Towler were joint agents along with DTZ working on behalf of the owners, Standard Life.
Leeds TriathlonOn 27th September 2009, Richard Fraser of Carter Towler took part in the Leeds Triathlon at Roundhay Park. The event was organised by Xtra Mile Events and over 300 competitors took part from the North of England.
The event started at 8am and incorporated a 1,500 metre swim in Roundhay Park Lake followed by a 40.2 kilometre (24.9 miles) cycle ride around North Leeds outside Roundhay Park and a 9.2 kilometre (5.7 miles) run within Roundhay Park.
Richard completed the course in 3 hours and 8 minutes and came 216th overall and 26th in his age category (45-49). The winner, a professional triathlete completed the course in 2 hours and 9 minutes (age category 35-39). Richard said the lake was 14ºC and although it was not the most enjoyable experience of his life, he is keen to take part again next year to try beat his target time of 3 hours.
There were several other Leeds surveyors who took part, namely Tom Brammeld from Jones Lang LaSalle, Adam Varley from Lambert Smith Hampton, Glen Levison from Sanderson Weatherall and Tony Morton from Landmark Developments.
Carter Towlers' Charity ChallengesOn 1st August 2009, 11 members of the Carter Towler team took on the Yorkshire Three Peaks to raise funds for St Gemma's Hospice, Leeds.
Despite torrential rain the team set off on their challenge at 7.15am and managed to complete the course in 11 hours, an hour under the 12 hour challenge.
£1,500 was raised in aid of St Gemma's and we are already looking forward to next years charity challenge. A sponsored sky dive is on the cards.
In addition, on Sunday 22nd November 5 members of the Carter Towler Team took part in the Leeds Abbey Dash, a 10km road run in aid of Help the Aged.
Carter Towler involved in Barnardo's FundraiserOn Thursday 22nd October four members of Carter Towlers agency team (pictured) joined up with various other local agents to play in a charity football match against a team of clients and former professionals. More than £22,000 was raised for children's charity Barnardo's. The match was followed by a fundraising dinner.
The match played at Elland Road ended with a win of 3-2 for the Ex Professionals and Clients. The Clients team had players from Stirling Investments, Bruntwood, Walker Morris, Wilton Developments, Flats in Leeds, Bracken Developments, Caddick Developments, Jack Lunn, Commercial Estates, Tamsland, DP Auton Property, Scarborough Group, Barratt Homes and former professionals; Dean Windass, Craig Hignett, Andy Couzens and Leeds Boss Simon Grayson. The game was refereed by Martin Atkinson the Premier League official.
The fundraising dinner, attended by 500 senior business figures raised money through a raffle, a charity auction and various games. The audience was entertained by Leeds United legend Norman Hunter, and the evening was compered by Yorkshire Radio's Ben Fry.
Lettings double for land securities at city exchangeLand Securities has completed lettings totalling almost 10,000 sq ft to two financial services sector companies at its Grade A City Exchange offices in Albion Street, Leeds.
Insurance companies Oxygen Insurance Brokers Limited and Bluefin Insurance Services Limited, have respectively taken 4,825 sq ft of space on the third and fourth floors at City Exchange.
Land Securities' portfolio manager Jonny Buckle, said: "In addition to securing these lettings, we already have strong interest in the remaining 8,470 sq ft of newly-refurbished office accommodation that we have available on the seventh floor."
He added: "Close proximity to Leeds train station and a central location at the heart of the city's retail core, near major professional, legal and commercial services providers, is proving attractive to prospective occupiers."
David Mullins of Bluefin, said: "Office space of this quality is in short supply in the city centre and, as a fast-growing business, we were delighted that Land Securities and its agents met our needs by ensuring that the negotiations went smoothly and we were able to achieve the planned timescale for our move."
Joint letting agents for City Exchange are Carter Towler and King Sturge.
Leeds Valley ParkActing for ING Car Lease Limited in the search for new offices in South Leeds, Carter Towler have acquired 16,500 sq.ft. at Darwin, one of the new office buildings at Leeds Valley Park.
ING will be relocating from Manor Road in Sheepscar to the new offices by way of a 15 year lease incorporating a 10 year break-clause.
ING are the first new tenants within the second phase of development at Leeds Valley Park and, as such, it is an important letting for both Leeds Valley Park as well as the Leeds out-of-town office market generally.
The letting agents at Leeds Valley Park are Jones Lang Lasalle and King Sturge.
Turnberry ParkCarter Towler are proud to confirm the sale of two buildings at Turnberry Park, Wakefield Road, Gildersome, to the West Yorkshire Police.
Sunningdale House comprises 12,245 sq.ft. and Brabazon House comprises 28,350 sq.ft. Combined they have 169 car parking spaces available. Both buildings were developed by Keyland Mark Limited
With joint agents GVA Grimley, this is a substantial out of town transaction for Carter Towler, possibly the largest in 2008 and 2007 combined.
Carter Towler LLPAfter almost 25 and 60 years, respectively, of independent practice, it is the end of an era for Carter & Co. Commercial and Towlers Property Consultants LLP, but the beginning of a brand new chapter, which will see the merger of two successful like-minded companies.
On 1st October 2008, Carter & Co. Commercial and Towlers Property Consultants LLP, two leading property experts in the Leeds area, will merge to form a new company Carter Towler LLP. The merger is a refreshing contradiction to the current economic climate and a positive step forward for both parties who will combine their extensive years of experience and wide variety of knowledge to offer the most credible and established property service in the area.
The union will see both teams relocate to new offices based in the City Centre to accommodate the increase in numbers as well as to set the tone for the new forward thinking Company. The relocation is set to occur in the New Year and until then Carter Towler LLP will be living in two homes but very much under the same name.
The new company will offer a full range of property related services and with two distinguished Property Awards from 2007 and 2008 under their belt, the future looks bright for Carter Towler LLP.
On the MoveDue to our own relocation we are pleased to offer St Marks House to the market on a sale or rental basis. The detached character office building offers excellent parking facilities of 25 spaces as well as a prime outer City Centre location with pleasant natural surroundings and convenient access to the Inner Ring Road.
St Marks House comprises a detached, double fronted, three storey and basement, brick built office building, with a recent two storey, brick built extension. The accommodation is centrally heated throughout and enjoys air conditioning, Cat 2 lighting and perimeter trunking in part.
Total Floor Area - 345.81m2 (3,721 sq.ft.)
For further information please contact Tim Rhodes or David Towler on 0113 246 0071
Ben Walker APC AssessorBen Walker, Head of the Landlord & Tenant Department at Carter Towler, has recently attended a training course at the RICS Headquarters in Coventry as part of the RICS APC (Assessment of Professional Competence) Assessor Training Scheme. Ben, a Member of the Royal Institution of Chartered Surveyors for 16 years, will sit on the panel of APC Assessors from October 2008.
APC Final Assessments consist of an hour long interview during which each candidate performs a presentation and attempts to demonstrate the experience and knowledge that they have gained during their 24-month training period. If the candidates are successful they are elected as Members of the Royal Institution of Chartered Surveyors.
"It will be a helpful tool for APC Candidates within the firm, who now have someone that can offer advice on the high standards that the RICS demand from their members. Ultimately, we believe that this will be of invaluable use to our APC candidates who will be sitting their final assessments in the coming months.”