EG Regional Awards 2011 – South West and Wales
Entries:
Hartnell Taylor Cook LLP
Hartnell Taylor Cook LLP has prospered during 2010 increasing turnover and profitability, winning instructions in competition with and from many of our global competitors. The Partnership which operates from its offices in Bristol, London and Plymouth employs a total workforce of 50 in the south west. It prides itself on the quality of instructions it holds from the UK?s leading developers, funds, retailers and business space occupiers as well as regional property companies and individuals. Clients include ATS Euromaster; Avon and Somerset Police; BAM Developments; The Bristol Port Company; Canada Life; H & M; LaSalle Investment Management; Maritime & Coastguard Agency; Marks & Spencer; Network Rail, Primark; Tesco; Travelodge; Threadneedle Estates. The strength of the company is not only the quality of advice it offers but the conversion of that advice into positive results, the highest endorsement of the services we provide is the significant repeat business we have secured from both our existing client base and the new clients won during the last 12 months.
Key Achievements in 2010
• Rationalisation of Avon & Somerset Property portfolio
• Disposed of 35 ATS Euromaster Depots in the south west
• Advised on the letting/acquisition 5 of the regions 10 largest office deals
• Advised Bristol Port Company on land acquisition for the construction of the regions largest new Deep Sea Container Terminal at Avonmouth
• Instructed by Goodman to advise on their new 60 acre business park at Filton, North Bristol
• Secured the 2 largest Hotel deals in Bristol
• Awarded „Most Active Retail Agent in the South West 2010? by EGi The partnership is smaller than many of its rivals in the region but continues to „punch well above its weight? by providing quality advice across the region from its highly experienced staff. Through its activity across the sectors Hartnell Taylor Cook LLP has enhanced its reputation as a major force in the region during 2010.
Testimonials
“Hartnell Taylor Cook has acted for ATS Euromaster for the last 5 years during which we have rationalised our portfolio. HTC have provided excellent advice from experienced individuals who know the product and the region, their efficient proactive approach has resulted in an exemplary service which has been instrumental to us achieving our targets for acquisitions and disposals.”
Rhys Jenkins Group Estates Manager ATS Euromaster Limited
“We have worked with the Development Team at Hartnell Taylor Cook on a range acquisitions and disposals over a number of years. The advice we receive is clear and succinct and Importantly there has been continuity in terms of the personnel allocated to our projects. We are currently working together on the disposal of Plot 6 Temple Meads. We view this as a key disposal given that the site lies adjacent to our Grade 1 Listed Temple Meads Station.”
Kirsten Durie, Network Rail
Savills Bristol
Entry for: ‘Regional Property Adviser of the Year’
Western Region
Bristol Office
Staff: 60
Savills’ Bristol office is a multi-disciplinary office offering market leading advice across all property sectors. The office has grown substantially in the last year with key appointments within building surveying, commercial agency and housing consultancy services.
Key appointments have strengthened the commercial agency team. Robert Cleeves has joined as Director of Industrial Agency and Chris Meredith has joined Paul Williams in Office Agency as Director. The team has been appointed to assist the Government Property Unit in the pilot project to advise the Government on the rationalization of their Bristol estate. Significant new disposal instructions have been obtained from Aviva Investors, CBRE Investors, and Amalgamated Berkeshire Properties. The Retail agency team have transacted on over 650,000 Square feet in 2010/11.
The Building Consultancy team joined Savills in 2010. Now 4 strong, the team has had a successful year having been selected to provide feasibility and design strategy for redeveloping an existing 90 bed special care unit and to advise on the Governments GPU Trust.
The Investment team has acted on behalf of Cordea Savills, Threadneedle, Deeley Freed, Henderson and Development Securities in a number of transactions in the last year and benefit from an experienced team.
Turnover in 2010 in Bristol increased by 26%. Andrew Main jointly leads Savills National Investment Division.
The Capital Allowances Team has been appointed by a number of major property investors to complete Capital Allowances valuations on their entire portfolios. Growth has led to the appointment of a graduate surveyor.
The Development team has won instructions from EDF Energy and Places for People. In addition to key
agency deals at Paulton, Huntsgrove and St Clements Court, the team have established a strong reputation in S106 negotiations having worked with Redrow Homes to achieve considerable savings for their
development site in Filton. The appointment of Adrian Shippey to the Housing Investment and Consultancyteam has added significant experience to Savills affordable housing offer.
George Cardale has been promoted to Head of UK Residential Development Sales, further raising the profile of the Bristol Residential Development team. A series of instructions at Harbourside, Deanery Square and Great Western Dockyard ensure that the team is active on the most prominent schemes in Bristol. The team has doubled in number in the last year and is now 8 strong.
Instructions from Stanhope for the redevelopment of Hereford Livestock Market and from Swansea University for a new Science and Innovation Campus indicate the growth in success of the Bristol Planning team. The team’s turnover has increased in each of the last 2 years and there are now 6 fee earners.
Bristol Management has secured new instructions from new and existing clients including Aviva Investors, NRB Properties, Athanor and Metric Property Investments. The team now employs 3 surveyors, one property administrator and two facilities managers.
Fletcher Morgan
Fletcher Morgan is a small niche practice who continue to fight above their weight against much larger international and national property firms.
Fletcher Morgan has been established since 1976 and concentrates on what it knows best looking to create and provide outstanding and long lasting value to all their clients.
We are all aware of the tough market conditions where deals are hard to come by. All the directors and staff have had to put in extra efforts to achieve results. Hard work and quality of personal services have been the key to our success.
We must be doing something right as for 10 consecutive years we have completed the most number of commercial agency deals in Wales – Most Active Regional Agent – and been voted for the 5th time the best agent in Wales and the South West of England by the Estates Gazette. To poach a quote from the Estates Gazette the last award is a reflection of the underlying high reputation we continue to enjoy among our clients and the commercial property sector.
Major Regeneration Development Deals
1. An important landmark development deal recently completed is the £65m regeneration of the former Brown Lennox factory in Pontypridd which has been a long process. The development will comprise a new 85,000sq.ft. retail store built on stilts and 470 car parking spaces beneath. The new store will create 350 direct employment.
2. Reference also the former glassworks site in Crindau Newport – Crindau Gateway. The site is being regenerated as part of a 7 year project which will comprise 27 acres to include 1100 homes, new Sainsburys superstore, 30,000sq.ft. of offices as well as leisure to include watersports and hotel.
Office Projects
We are at the forefront of the office development market having been and continuing to be involved in many innovative projects. As an example Wales’ Premier Business Park – Cardiff Gate – continues to prosper and grow. A recent new phase of development of some 80,000sq.ft. is underway to follow on from the 70 acres already developed.
Industrial / Warehousing
This is another sector we find ourselves as a leading force in creating new development opportunities where we have and continue to be involved in an important agency role. Current example is the 75 acre Capital Business Park where some 1 million sq.ft. approximately has been developed with completion of the final phases underway.
Any further information you think we should provide, please let us know. If anything needs clarification no doubt you will get in touch.
CBRE, Bristol
Bristol office grew its annual revenues from £4.4 million in 2009 to £4.67 million in 2010 and has maintained its long-held position the most profitable CBRE regional office.
The firm also reinforced its reputation as a leading player in the investment/capital market sector in Bristol. The investment team enjoyed an outstanding year, completing five deals worth more than £90m. This included two key Bristol city centre office buildings, namely 1 George’s Square, which sold for £25.375m reflecting a net initial yield of 5.75% and 3 Temple Quay, which at £36.5m was one of the biggest deals of last year.
The firm also acted on the acquisition of the largest single office building in North Bristol, 630 Bristol Business Park, a self-contained building of 33,196 sq ft. A pre-let was also negotiated for Cameron McKenna, confirming the team’s position as one of the biggest representatives for tenants regarding office space.
The residential team won three high profile instructions and is now marketing the sale of the former Nutricia site in Wells, the final section of land still to be developed on Sutton Harbour in Plymouth and a residential development opportunity in Tredegar South Wales.
CBRE’s property and asset management team in Bristol continues to grow and is responsible for around £2 million sq ft of property in the region. Prestigious office buildings managed by the team include Windmill Hill Business Park in Swindon and Whitefriars in Bristol. A new regional director post was created to expand this business line further.
In addition, the creation of a new regional management team saw two Bristol directors promoted to service line heads: Andy Sayner, investment and Richard Eames, valuation, now head their respective disciplines across CBRE’s seven regional offices.
Testimonials
“THE CB RICHARD ELLIS PROJECT MONITORING SERVICE ON OUR RECENT PROJECT AT 500 AZTEC WEST WAS EXACTLY WHAT WE WANTED. THE DEPTH OF HENRY PARKINSON’S EXPERIENCE IN THIS TYPE OF WORK WAS CLEAR THROUGHOUT.
“HE INTERPRETED THE COMPLEX CONSTRUCTION AND DEVELOPMENT RELATED ISSUES IN A WAY THAT COULD BE READILY UNDERSTOOD AND ALWAYS MADE SURE WE WERE AWARE OF KEY ISSUES.
“WE GOT EXACTLY WHAT WE WERE PROMISED IN CB RICHARD ELLIS’S PITCH FOR THE JOB, HENRY WAS FULLY INVOLVED IN ALL IMPORTANT ASPECTS AND PAUL LOVE ABLY DEPUTISED ON THE RARE OCCASIONS HE WAS NEEDED.”
JONATHAN GIBBON, ABERDEEN ASSET MANAGEMENT
“I JUST WANTED TO GIVE YOU SOME FEEDBACK ON OUR TRAINING COURSE WHICH CBRE IS KINDLY HELPING US TO DELIVER.
“RICHARD EAMES’ SESSIONS HAVE BEEN UNIVERSALLY WELL RECEIVED. THE CONTENT IS EXCELLENT AND RICHARD’S DELIVERY HAS BEEN TREMENDOUS. HIS APPROACHABLE MANNER AND STYLE IS VERY EASY TO FOLLOW.
“WE ARE ABSOLUTELY DELIGHTED WITH THE WAY THAT RICHARD HAS HELPED US START THE TRAINING AND DEVELOPMENT OF OUR PEOPLE.
“THANK YOU, THE SUPPORT OF CBRE AND RICHARD, IN PARTICULAR, IS GREATLY APPRECIATED.”
ANDREW ARMSTRONG, HSBC
King Sturge
We offer unrivalled strength and breadth of experience in all property sectors from our network of offices in Wales and the South West covering. Throughout the last 12 months we have maintained our profit and staffing levels in this region.
Due to our mature market position in traditional property services we have been able to broaden our range of services in various growth sectors including healthcare and student accommodation. This has included a portfolio revaluation of 297 care homes and the procurement of a development partner to take over 1,000 existing residences and develop 1,500 new bedrooms for student accommodation at Exeter University.
We continually strive to innovate and improve our services, an example of this is our involvement the project management and pre-letting of the UK’s greenest office building. The 70,000 ft² Horizon building in the centre of Bristol achieved a BREEAM score of 85.06% and will shortly to be occupied by the Environment agency.
The projects we are involved in contribute greatly to the local economy for instance having been instructed by Whitbread and Gondola to help them grow their business in the South West, the region has benefited from the opening of four new Premier Inn Hotels and five new Gondola restaurants in 2010 with more in the pipeline for the coming year.
The strong working relationship between the various King Sturge offices in the region and throughout the firm as a whole enables us to provide a one-stop-shop approach to clients in providing a range of services through the life of a project.
Client testimonials
“King Sturge adds value to my business through expertise in the local and regional commercial property market, together with the resources and research provided by a national practice.”
Nick Griffith, Director, Curzon Real Estate Ltd.
“King Sturge project managed the construction of two new Tesco stores in Risca and Portland on behalf of Deeley Freed Estates. King Sturge identified the complex issues and critical path items which enabled the demanding projects to complete on time and in budget. We use King Sturge as our principal project manager as they help us mitigate our risks effectively to
ensure the successful completion of these projects on time and in budget. We have appointed King Sturge to work with us on a range of other schemes. Their wide ranging commercial knowledge and understanding of development issues makes them stand out against their competition.”
Iain Neary, Deeley Freed Estates Ltd
DTZ
In challenging market conditions, all three offices have exceeded clients’ expectations and won new mandates by providing a co-ordinated multi-disciplinary service.
Key Achievements
• Ernst & Young’s Bristol relocation
DTZ instructed to source high quality offices for 230 employees. A co-ordinated approach from agency, investment, valuation and building consultancy led to the simultaneous disposal of E&Y’s 12 year lease on its former premises and the pre-letting of 20,000 sq ft at The Paragon with a record incentive package
• Tesco funding deal, Newport
DTZ advised LaSalle Investment Management on forward funding for a
125,000 sq ft Tesco store. The £46m deal was one of the largest completed transactions in the region
• Chepstow disposal
DTZ secured the sale of 182,500 sq ft warehouse at Chepstow, the largest speculatively built industrial unit in south Wales to The Mabey Group for £13m
• Shopping Centres
DTZ acts on 12 centres including SouthGate and Drake Circus with input from management, agency, landlord & tenant, valuation, rating and building consultancy. At Yate Shopping Centre, a co-ordinated strategy kept reduction in market value from peak to trough to circa 20% compared to the sector average of 50%
• Big Lottery Fund Cardiff relocation
DTZ secured the relocation of BLF’s Welsh HQ. Agency and building consultancy completed a complex 6,000 sq ft acquisition, disposed existing premises whilst obtaining a generous contribution towards refurbishment works from new landlord
• Bosch instruction, Cardiff
DTZ instructed on 450,000 sq ft Bosch factory. Initial strategic advice from industrial, planning and building consultancy on alternative use secured the largest single disposal instruction in south Wales
• Cheltenham Rating team
Providing a ‘best in class’ rating service, Cheltenham secured major national instructions from several high profile clients, including Barclays and William Hill.
• Public Sector instructions
Key appointments by:
– Welsh Assembly Government to assess impact of green energy projects on ports
– Salisbury Vision on a major city centre retail-led redevelopment project
– Bristol City Council on advice for its entire property and asset portfolio
Client Testimonials
Andrew O’Donnell, Real Estate Leader – UK & Ireland, Ernst & Young:
“I want to say a sincere big thank you for the considerable effort DTZ has put in to making Ernst & Young’s relocation aspirations a success. This makes a massive difference to Ernst & Young and given the complexities of this deal it is a significant achievement.”
Mark A Hull, Group Property Controller for and on behalf of the Englander Group:
“I have worked with DTZ since July 2005 when we brought Yate Town Centre, situated north of Bristol, which we acquired from CIT.
It was clear that DTZ’s management, retail agency and landlord & tenant teams in Bristol were on the ball, organised, innovative and with our direct ‘hands on’ approach, it did not phase them to ‘sweat’ the asset really hard over this period, thus maximising our cash flow. The co-ordinated approach took prime rents from £70 Zone A to £93 Zone A, and total rental income from £5.0mpa to over £6.0mpa.They have consistently beaten ERV’s set and rent/service charge collection targets.
Maximising cash flow has become increasingly important and in the last 12 months this has been achieved by tenacity, skill and team work within the wider client team. The prime rental tone has only dropped from £93 to 89 Zone A in the last 12 months. Great results have been achieved on re-gears, lettings and renewals, and we have even achieved rental increase on four rent reviews.
Although conflicted on agency, the performance on Yate led me to instruct them in the last two years on both management and landlord & tenant in respect of our holding in Reading (Broad St Mall), replacing GVA and JLL.”
Don Jevons, Property Manager, Big Lottery Fund:
“I would like to commend DTZ for their assistance in the negotiations to allow us to obtain the lease of Helmont House and the downsizing of our Newtown office.
The team’s advice was consistently spot on and greatly assisted me in effecting the changes required. They went the extra mile to ensure our complete satisfaction regarding the deal.
Their efforts have impressed me so much that I will be recommending to the Board that your company should be considered in the New Year for a national contract to deal with all our property issues in England and Wales.
Thank you for providing such excellent service.”
Colliers International
Despite difficult trading conditions, the Colliers International Bristol office made significant progress in establishing its place at the head of the regional pecking order amongst regional property agents. Although staff numbers have been reduced by 25%, profits have been increased and on the back of this, the regional office is determined to grow in size.
At the present time, the office boasts 13 different business lines, including specialist divisions such as Automotive & Roadside, Hotels and Rating, as well as the traditional Office, Industrial and Retail Agency Services.
The success of the office owes much to the drive and commitment of senior directors aligned with the enthusiasm of the younger members of staff. Much emphasis is placed on the development of junior employees and the office is proud to highlight a 100% pass rate at RICS APC exams over the last four years.
The team ethic which runs through the office leads to a number of teams working jointly on projects to provide clients with one stop property solutions. Meeting client objectives is key to the success of the office and major achievements this year include the following:
The acquisition of a prime Clifton site for the development of a new 53,000 sq ft office building for Simply Health. Our role included a site search, negotiation of purchase, development consulting and project supervision. The value of the completed development is stimated to be almost £20m, providing the largest office deal in Bristol in 2010.
Colliers advised the Institute of Physics on their acquisition of a new lease of 28,000 sq ft of prime Grade A offices in Bristol. Colliers also negotiated over £2m worth of incentives and are advising the institute on their dilapidations liability on their existing offices. Colliers advised TS Tech on the acquisition of the iconic Sir Norman Foster designed Spectrum warehouse building, of 250,000 sq ft, in Swindon. This is the second time in five years that this major landmark building has been acquired by Colliers.
Testimonials
“Colliers International have provided a first class service from initial advice on our requirements, through site selection, negotiation and ongoing consultancy. This is a major investment by Simplyhealth in our new Bristol office and the fast response and considered advice provided by the Colliers team has been highly regarded.”
Ian Thomas | Simplyhealth
The Colliers International Bristol office has been a trusted agency for our Bristol works cluster for a number of years. They offer honesty, innovation, judgment and integrity in helping us to drive the business forward.”
David Bridges | Director, National Markets | SEGRO
GVA
GVA’s South West & South Wales offices continue to set the pace regionally in the professional market. We employ more than 80 people in our Bristol & Cardiff offices, with clients spread throughout the South West and Wales. We are proud of the exceptionally high level of consultancy we offer which has national impact and significance.
Thanks to our high quality consultancy work on projects such as SPark (the Bristol and Bath Science Park – the only major regeneration development to start on site in Bristol in 2010), Locking Parklands at Westonsuper- Mare, Llanelli Waterside in Carmarthenshire and the South Bristol Community Hospital, GVA was delighted in November 2010 to be named the South West Property Consultancy Firm of the Year by the only regional business publication covering the whole of South West.
As a leading multi-disciplinary property consultancy we offer integrated property solutions, innovative advice throughout the development lifecycle and an in-depth understanding of our clients’ markets.
Our clients include RBS, Lloyds Banking Group, HSBC, Prudential, Welsh Assembly Government, St Modwen, Goodman, SWRDA, HCA, Assura Group, Ignis Asset Management, Carlyle Group, Friends Provident, Boots, Next, the University of Plymouth, theUniversity of West of England and Barratts.
GVA is emerging strongly from the downturn having invested in our teams here in the South West & South Wales throughout 2010 and expanded key service lines in corporate consulting, economics, investment, property management and leisure.
The most significant changes in our market continue to be public spending cuts and lack of bank lending. Our teams have adapted to this change, providing clients with critical advice around cost efficiency programmes and managing property assets harder. We have also diversified into energy, renewables and waste sectors with specialist cross-sector teams being created and forming partnerships with outside agencies.
Our work with the leading banks is well documented, and in the past twelve months we have mobilised one of the largest corporate recovery teams to support their needs, with a strong regional presence here in Bristol & Cardiff. We have handled over 10 million sq ft of distressed assets, including high profile sales throughout the region, such as Derry’s Cross Shopping Centre in Plymouth.
It is maintaining a balance of creating innovative approaches to market challenges and a solid reputation of ‘right first time advice’ that places our business as one of the leading property advisers in the South West & South Wales.
Client Testimonials – GVA
“I am happy to recommend GVA as a company who are accomplished, efficient and effective at working with primary care commissioners and providers to achieve an outcome of high quality premises built on schedule and on budget”.
Dr Terry Kemple, Horfield Health Centre
“We have worked with GVA over the past three years and found their advice, professionalism and independent knowledge of the primary care sector extremely helpful. They have guided all the stakeholders through the whole development process and without them the project would not have reached its current position.”
Dr JAG Williams for and on behalf of the partners of Horsefair Surgery
“I have found GVA very professional, courteous and expert in their field and a pleasure to work with over since their appointment in 2006. Strategies were developed collaboratively, with full involvement of the University, sensitive to local conditions, appropriate to target markets and adaptable to changing circumstances to the entire satisfaction of the University.”
Martin Berkien, University of Plymouth, Jul 2010
“We have consistently received high quality commercial advice since first engaging GVA in February 2008. Based on this experience, I have no hesitation in recommending GVA as a consultancy whose expertise we are happy to call on in ensuring that Gloucester’s current regeneration momentum is maintained through the currently challenging economic climate.”
Mike Tilt, Gloucester Heritage URC, Aug 2010
“The Reserve Forces and Cadets Association for Wales is pleased to be associated with GVA. They have provided building consultancy and project management services for a number of projects designed to provide high quality accommodation for the volunteer and cadet forces in Wales over the past six years. Their commitment and expertise has proved invaluable and we are grateful for their continued support.”
Brian Williams, RFCA, Feb 2010
“I have worked with GVA over a number of years and I am particularly impressed by their ability to act as a bridge between the private and public sectors. They are commercially astute and offer excellent advice about the financial mechanics and successful delivery of complex regeneration projects, but they also have an unrivalled understanding of the needs of the public sector in terms of ensuring financial probity and value for money”
Ian Knight, Homes and Communities Agency, Aug 2010
Cooke & Arkwright
“Cooke & Arkwright is Wales’ largest independently owned Practice of Chartered Surveyors. We have two offices in Cardiff and Bridgend and employ approximately 70 staff and cover every aspect of the property industry, from Commercial through to Residential and Rural, including Building Surveying.
The firm has maintained its profile despite the ravages of the property recession. Our multi-disciplinary background has stood us in good stead. Whilst the activity in some departments has been subdued, others (notably Rating, Rural Practice and Building Consultancy) have never been busier. This has enabled us to maintain staff retention and we place great importance on training and career advancement. Many of the Senior members of the firm were appointed 30 or more years ago. Client retention is also fundamental to our success. Many of our older clients have used the Practice for 60 or 70 years. In many instances we are dealing with third generation family members and a very deep and knowledgeable relationship with our client has ensured continuity of a quality service.
We advise the private and public sectors alike and we played key roles in some of South Wales’ most globally recognised projects, including the Cardiff Bay Barrage, the Millennium Rugby Stadium and the Welsh Millennium Centre. Major success this year included Aviva Investors’ Flagship development in Cardiff Bay, 3 Assembly Square and advising on the conversion and letting of Principality Building in Queen Street, Cardiff to Travelodge Hotels for PBS We are also asked by Wales Assembly Government to handle a major sale of surplus properties.
We look forward to the future with confidence, despite challenging market conditions”.
Alder King
Alder King has advised the University of Bristol on a range of property issues for many years. The company has provided valuation advice for much of that period and from 2010 has also been retained as the University’s rating consultant.
The University of Bristol, working in partnership with the South West Regional Development Agency, completed in 2010/11 one of its most significant property transactions in recent years with the acquisition of land at the new S-Park Science Park development in Emerson’s Green Bristol. The initial 4.7 acres, together with options on the adjoining plot, was acquired for the construction of the National Composites Centre, a significant research facility of 85,000 square feet. The National Composites Centre (NCC) will bring together dynamic companies and enterprising academics to develop new technologies for the design and rapid manufacture of high-quality composite products. The University leads a consortium of major industrial companies, including Airbus, GKN, Rolls Royce and Agusta Westland, all of whom are committed to using the new facility to further research in this dynamic sector of the UK economy
Alder King advised the University on all aspects of the acquisition, including the negotiation of planning consent for the new venture. The project was extremely demanding in timescale, with a commitment given to the funders, the Department of Business, Innovation and Skills and the European Regional Development Fund, to move from initial inception to construction completion in 18 months. That this is likely to be achieved is due in no small part to the expertise and diligence of the Alder King team.
Alder King are also advising the University on the future of its 200 acre land holding at Long Ashton on the southern edge of the City.
TESTIMONIALS
Alder King have always given excellent service to the University’s Finance and Estates teams. They understand the nature of the higher education endeavour and couple that with a detailed knowledge of the south west property market and a high degree of professionalism and customer support. They provide a very personalised service, with a small number of highly knowledgable and experienced partners sharing all University assignments. In my opinion, Alder King would certainly stand out as one of the south west’s most talented land and property consultants.
Patrick Finch
Bursar and Director of Estates
University of Bristol
Alder King has acted for Lloyds for many years and is a member of a number of panels including Valuation, Project Monitoring and Law of Property Act Receivership. The firm provides a high quality, tailored service to meet the bank’s specific needs.
Lloyds regularly takes Alder King staff on secondment with a particular focus on business support/receivership at the current time.
Lloyds enjoys a proactive relationship with Alder King, which enables us to have a detailed understanding of the commercial property market in the South West of England and South Wales.
Of particular value is the experience and longevity of senior members of Alder King’s team – this affords us considerable continuity and is a key benefit to the bank.
Andy Hart
Relationship Director
Lloyds Banking Group
SAVILLS
Savills’ Bristol office is a multi-disciplinary office offering market leading advice across all property sectors. The office has grown substantially in the last year with key appointments within building surveying, commercial agency and housing consultancy services.
Key appointments have strengthened the commercial agency team. Robert Cleeves has joined as Director of Industrial Agency and Chris Meredith has joined Paul Williams in Office Agency as Director. The team has been appointed to assist the Government Property Unit in the pilot project to advise the Government on the rationalization of their Bristol estate. Significant new disposal instructions have been obtained from Aviva Investors, CBRE Investors, and Amalgamated Berkeshire Properties. The Retail agency team have transacted on over 650,000 Square feet in 2010/11.
The Building Consultancy team joined Savills in 2010. Now 4 strong, the team has had a successful year having been selected to provide feasibility and design strategy for redeveloping an existing 90 bed special care unit and to advise on the Governments GPU Trust.
The Investment team has acted on behalf of Cordea Savills, Threadneedle, Deeley Freed, Henderson and Development Securities in a number of transactions in the last year and benefit from an experienced team. Turnover in 2010 in Bristol increased by 26%. Andrew Main jointly leads Savills National Investment Division.
The Capital Allowances Team has been appointed by a number of major property investors to complete Capital Allowances valuations on their entire portfolios. Growth has led to the appointment of a graduate surveyor.
The Development team has won instructions from EDF Energy and Places for People. In addition to key agency deals at Paulton, Huntsgrove and St Clements Court, the team have established a strong reputation in S106 negotiations having worked with Redrow Homes to achieve considerable savings for their development site in Filton. The appointment of Adrian Shippey to the Housing Investment and Consultancy team has added significant experience to Savills affordable housing offer.
George Cardale has been promoted to Head of UK Residential Development Sales, further raising the profile of the Bristol Residential Development team. A series of instructions at Harbourside, Deanery Square and Great Western Dockyard ensure that the team is active on the most prominent schemes in Bristol. The team has doubled in number in the last year and is now 8 strong.
Instructions from Stanhope for the redevelopment of Hereford Livestock Market and from Swansea University for a new Science and Innovation Campus indicate the growth in success of the Bristol Planning team. The team’s turnover has increased in each of the last 2 years and there are now 6 fee earners.
Bristol Management has secured new instructions from new and existing clients including Aviva Investors, NRB Properties, Athanor and Metric Property Investments. The team now employs 3 surveyors, one property administrator and two facilities managers.
SATO (Paulton)
“Savills have provided us with a highly professional service which displayed, most importantly, an expert and in depth local knowledge of all aspects of the development process. They have been tremendously enthusiastic throughout the duration of the project and have been a pleasure to work with.”
Gavin Hill, Technical Director, Redrow Homes (South West) Ltd
“Redrow was very pleased with the outcome of the Section 106 renegotiations for our mixed use development in Filton, North Bristol and the quality of the viabilty reports produced by Savills were fundamental to this success.”
