Estates Gazette Regional Awards – Yorkshire and the North East
Entries:
King Sturge
Due to the market over the last few years our focus has been to maintain our diverse and sustainable business through offering our multiple service lines to a wide range of clients across all disciplines. Steps taken to achieve this have included:
Investing in areas where longer term recovery can be contemplated such as areas where competition has been reduced.
Understanding of the local market and the future trends
Restructuring of teams and resources into profitable areas
Creating new business areas in response to clients’ needs in a changing market
Refocusing on clients’ needs – close collaboration between agency and professional teams to provide added value service to clients e.g. property performance driven by asset management initiatives rather than relying on market shift
Cross selling internally, introducing current clients to other teams that can provide a service to their business.
This focus has been successful and can be demonstrated by showing the sectors that we have worked with in the past 12 months and the fee splits within our groups.
Client testimonials
“The advice we received from the Newcastle King Sturge team was invaluable in the redevelopment of our 5,000 m² Sainsbury store. The advice spanned agency, development and professional work. This “joined up” approach was exactly as required to add value. The project has involved working with the team for 18 months, throughout which their commitment was evident.”
Adam Serfontein, Managing Director of The Hanro Group uk
“Andrew Llewellyn and his colleagues in the management department of King Sturge in Leeds are important and valued members of the MEPC Wellington Place team. Within MEPC, we pride ourselves on being able to provide market leading standards of customer service which has resulted in strong levels of customer retention. At Wellington Place, King Sturge continues to provide a level of service to our customers that consistently meets this demanding objective. Estate management does not always receive the acknowledgement it deserves within the commercial property industry. However, class leading estate management has the ability to materially enhance financial performance and in this respect King Sturge has made a strong contribution to our business in Leeds.”
Jonathan Walsh, Leasing Director for MEPC Ltd and Former Managing Director of MEPC Wellington Place
RYDEN
Key Market Achievements
Advised on major transactions in a reduced market and achieved growth in non transactional areas
Secured a 10-year lease for Yorkshire Water at Livingstone House, Clarence Dock. The 57,000 sq ft office became a base for Yorkshire Water’s newly created Asset Delivery Team, consisting of 550 Yorkshire Water and Contract Partner employees, in February 2010. This deal represented the largest letting in Leeds city centre since 2005.
Provided acquisition advice, secured full planning permission and appointed project managers for a multi-million pound extension (45,000 sq ft) to British Wool Marketing Board’s (BWMB) depot in Bradford. The new facility will allow BWMB to service over 5,000 wool producers in the North of England and will deliver cost savings and im-prove efficiencies.
Provided strategic advice to United Carpets on their property portfolio, including a valuation for a new multi-million pound loan facility with Santander and the sale and leaseback of a number of properties.
Took over the management of The Royal Baths at Harrogate. Through rigorous property management procedures reduced site management costs by 44% with savings being passed on to occupiers. Proactive management led to improved land-lord and tenant relationships, which is key in the current climate.
Advising a host of clients on the 2010 Rating Re-valuation including a national appointment from VION where over 350 appeals are being handled from our Leeds office.
Outstanding Team
Depth of knowledge, stability of people and cross discipline approach
Our stable team with in-depth knowledge of the local market has allowed us to build long term relationships with our clients. This allows what is a relatively small office to punch above its weight and advise on significant projects.
We continue to take a flexible approach to capitalise on new opportunities arising from market circumstances with new work coming from Expert Witness advice and Party Wall Awards in addition to our traditional services.
Our clients have adapted to the new markets and Ryden has too.
Financial Success
2010 Turnover in Yorkshire £1,154,511
2009 Turnover in Yorkshire £895,510
Turnover up by 29% in 12 months
Profit levels up by 165% in 12 months
Despite a weak property market, we exceeded our fees target through securing new clients and working with active occupiers, maintained a positive cash flow through ongoing cost restraint and improved profitability.
Client Satisfaction
Our Partners and Associates are currently inter-viewing key clients and new client prospects.
We will use their feedback on our service levels, our reputation and the outlook for their business to keep making improvements.
Staffing Levels
We had 13 staff and 3 partners at the end of 2010, 1 more member than at the end of 2009.
Testimonials
Graham Barker
Cornerstone Real Estate Advisers
“Ryden successfully offer a proactive, focused and holistic approach to the management of property, including functions such as property management (including credit control, service charge management, tenant liaison, accounting services, facilities management), landlord and tenant (lease renewals and rent reviews), building consultancy (dilapidations and refurbishments) and occupational agency. The cohesive service received across all disciplines greatly assists me in the asset management role, and has no doubt contributed to portfolio performance.
The strength of the Ryden team in Leeds is their ability to offer a cohesive multi-disciplinary property management service via a small, focused team who adopt a proactive approach to the management of our portfolio.”
John Stokes
Kestors Group of Companies
“I appreciate the partner level involvement in our portfolio. All of the Ryden staff pull together to provide a high level of service across all disciplines.
Ryden is dependable, proactive and a pleasure to work with.”
DTZ
Introduction
Throughout the challenging market conditions of 2010-2011, our teams in Yorkshire and the North East have continued to reinforce their strong presence in the North of England by offering new and existing clients prudent advice and dependable expertise.
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Key Achievements
• Acquisition of One Trinity Gardens in Newcastle
DTZ’s investment team in Newcastle acted on behalf of Standard Life Investments, one of the largest property fund managers in Europe, to purchase the award-winning One Trinity Gardens and Stockbridge House in Newcastle on behalf of its Pooled Property Pension Fund. The leasehold interest of these two properties in a prime location on the Quayside in Central Newcastle was acquired from The Crown Estate for £49.15 million, at a net initial yield of 6.82%.
• Debenhams distribution hub in Yorkshire
Acting on behalf of Evander Properties, our Industrial agency advised national retailer Debenhams on the letting of a 667,000 sq ft warehouse unit and 12,452 sq ft of accompanying office space at the Sherburn Distribution Park in Selby District, North Yorkshire. The 27-year lease will see the creation of around 800 jobs in the area and is expected to provide a huge boost to the local economy. This major deal represented the largest warehouse disposal in Yorkshire in 2010.
• Newcastle City Council framework
DTZ in Newcastle has successfully renewed its position on the Newcastle City Council Framework Agreement to provide both specialist property and operational property management services and advice. Securing the work required a huge team effort both locally and regionally, involving experts in DTZ’s Development Consulting, Corporate Real Estate Consulting and Valuation teams in Newcastle.
• Success in the healthcare sector in Yorkshire, Humberside and East Midlands
Following a competitive tender process through the OGC Buying solutions framework, DTZ’s Corporate Real Estate Consulting experts in Leeds were selected by Yorkshire and Humberside Commercial Procurement Collaborative (YHCPC) to act as single supplier of estates and professional services for NHS Trusts in the Yorkshire, Humberside and East Midlands region. This key appointment allows all NHS Trusts in the region to use our specialist healthcare sector expertise without having to tender.
• Speculative office development in Leeds
The only speculative office development in Leeds to get underway in 2010, the 36,000 sq ft 10 South Parade, was almost 50% pre-let at the end of the year. DTZ’s office agency is advising Wilton Developments on this high-profile Grade A city centre scheme.
• 1 St Paul’s Place, Sheffield
Another major investment deal in 2010 saw DTZ in Leeds acting for Canada Life on the acquisition of 1 St Paul’s Place in Sheffield for £23.962 million, one of the largest investment deals in Yorkshire of last year. The landmark building is situated close to the Millennium Galleries, Peace and Winter Gardens and is regarded as occupying the premier business address in the city.
Testimonials
“Having worked closely with DTZ, it is very clear they have a proactive, as opposed to reactive, style of working. We have been impressed with their enthusiasm to go the extra mile, to ensure our expectations are met and that results are delivered. We feel that DTZ’s Yorkshire industrial agency team is one of the market leaders offering a full top class service and would have no hesitation recommending them for further projects.”
Iain Whiteford, Portfolio Manager, Standard Life Investments
“DTZ advised on the sale of Broadcasting Place, Leeds in a commercial and professional manner with a keen eye on the detail required. The sale value was enhanced with DTZ’s input and we would not hesitate to use them again. Indeed we have subsequently appointed them on a major disposal.”
Paul Houghton, Director, Downing
“I am emailing to thank you (and the team) for all your efforts over the last few months in undertaking and completing the retail and leisure market assessment. I am delighted to formally sign the report off, particularly on my last day with One North East.
I think the report is of a very high standard and quality, and the way you have structured the report enables it to read very well. I am particularly pleased that leisure has been fully addressed, the comprehensiveness of the health-checks, and the conclusions provide the local planning authorities with the necessary next steps in order to incorporate the study in their own work.
Thanks again, and I am sure we will work with each other again in the future.”
Phil Jones, Planning and Housing Manager, One North East, Newcastle
St. Modwen
St. Modwen is the UK’s leading regeneration specialist, operating across the full spectrum of the property industry through a network of seven regional offices, including Yorkshire and the North East.
During 2010, the Group acquired a portfolio of 11 secondary industrial estates, six of which were located in Yorkshire. Together with Parkside Industrial Estate, Doncaster, these acquisitions enabled it to improve regional income by £1.25m in total.
Key live projects are as follows:
• The £10 million redevelopment of the former Pyrex site in Sunderland, which is a joint venture between St. Modwen and Persimmon to regenerate the industrial site into residential housing.
• A 116 acre development which currently comprises 75,000 sq ft of industrial accommodation and 25,000 sq ft of office space, of which a third has already been leased or sold, has been developed at Melton Park, Hull. In addition, adjacent to this development space, St. Modwen has recently completed a 30,000 sq ft office and distribution unit which it pre-sold to East Riding of Yorkshire Borough Council for £2.26 million.
• St. Modwen has been working closely with Siemens and Lincolnshire County Council to secure a new 125,000 sq ft facility on the outskirts of Lincoln. The deal will see a new bespoke facility on a landmark site that will secure 500 jobs within the region.
The region has achieved £300,000 per annum of new lettings from its existing portfolio of mainly industrial stock – its estates in Sheffield and Doncaster performing particularly well.
St. Modwen recently announced annual results for the year ended 30th November 2010, and is one of the only property companies to return to profit. The company made a pre-tax profit of £37.5m. Net assets per share were up by 9% to 218p.
Client references:
Siemens
Clive Cox, Project Manager
Tel: 01522 586644
East Riding of Yorkshire Council (Melton Park Facility, Hull)
Andy Hazell, Strategic Asset Manager
Tel: 01482 393973
Sue Lockwood, Director of Corporate Resources at East Riding of Yorkshire Council, said:
“We needed to relocate the supplies service, and our objective was to find somewhere that provided excellent transport links and a pleasant environment in which staff can work and develop the business, whilst also remaining convenient to the areas in which we operate.
“Following a competitive tendering process for the acquisition of suitable premises, St. Modwen offered value for money and Melton Park was the best location for our new facility with its close proximity to the A63 and M62 and good access to rail and bus services.”
GVA
Our corporate recovery team is the strongest in Yorkshire, our business rates team has had another record year for fee income and our property management team goes from strength to strength with new instructions such as Granary Wharf. Our agency teams have been involved in headline deals for Amazon, HSBC Specialist Fund Management, LaSalle IM and Threadneedle.
Despite the economic downturn, we have maintained workload, turnover and staffi ng levels. Our financial results for 2009/10 showed that the Leeds offi ce turnover accounted for 6.4% of the group turnover, 1% higher than in 2008/09.
Key achievements include:-
• GVA was appointed on one of the largest ever LPA receivership assignments in Leeds, West Riding House, the landmark 150,000 sq ft mixed-use development in the centre of the city. We used our many teams to actively asset manage the whole property, leading to the successful sale to Moorfield Group.
• Our Property Management team is instructed to manage West Riding House, and has also been instructed on Granary Wharf, a prestigious residential and retail scheme in Leeds city centre. We have also been instructed to review service charges for properties nationwide on behalf of Bank of Ireland.
• Our business rates team has advised on high profi le schemes for developers such as Highcross and Ripley Capital and is appointed sole advisor to 21 NHS Trusts in the region, having secured £4million of effi ciency savings in the last 12 months.
• Our valuation team has carried out over 280 instructions including the NCP car parks, the Academy music venue at Arundel Gate, Sheffi eld, the University of Huddersfield, the regional Territorial Army portfolio, Granary Wharf in Leeds, Nimbus at Thorne and Nuffi eld Hospital, York
• The Leeds-based Occupier Services team secured a major national contract with Royal Bank of Scotland to handle the entire Bank’s rent review, lease renewals and dilapidations.
• Our Investment team has transacted over £90m worth of investment property over the past 12 months in Yorkshire. Investment sales included West Riding House in Leeds, TDG in Birstall and Brightside Lane Sheffi eld. Acquisitions included Exel at Normanton.
• Our industrial team has transacted approximately 1.85m sq ft of industrial space in the past 12 months including:
¡ – Letting 415,000sq ft to Amazon at Firstpoint
¡ – Letting 300,000sq ft to MTL for Threadneedle
What sets us apart:
• Our 200 year history combined with our re-brand in January ensures we have a fresh approach which delivers our five brand values: Clients fi rst, Trust, Pride, Innovations and Growth. We call these ‘The GVA Way’.
• We are confi dent that with our strong trading performance and our robust local knowledge we will fulfil our ambition to become a top fi ve UK property consultant by 2014.
• We raised more than £12,000 for Candlelighters Trust when members of our team completed a 30 mile walk.
Client testimonials
The Leeds Industrial and Investment Agency teams at GVA together with their Business Rates team provided us with a comprehensive range of services at our Quattro property at West Moor Park, Doncaster. [Their] detailed knowledge of the local markets resulted in the Industrial Team securing us a superb tenant and lease deal, which led to the very successful disposal of the property by their Investment Team. Prior to the letting, the Business Rates team helped us make a substantial rates saving by mitigating our empty rates liability for the period the property was vacant.
Nicholas Child, Director, Shepherd Developments
CIT Group purchased Princes Quay Shopping Centre Hull, together with adjacent retail park and extensive development land in April 2010. We instructed GVA to carry out due diligence including reporting on condition, re-instatement valuation etc. We are currently on site progressing a number of initiatives including constructing a large timber gallery overlooking the Quay. The work has the complexity of being in a structure built on pillars over water. GVA has acted as project managers, including making recommendations on other consultants and appropriate contractors, on all of these matters. All reporting and work has been carried out promptly and with a high degree of professionalism and expertise. The team is very pragmatic and proactive and a pleasure to deal with.
Howard Grace, Director, CIT Group Plc
“We instructed GVA to carry out property management consultancy services at very short notice, regarding the Granary Wharf scheme in Leeds city centre. GVA undertook a complete review of all property management requirements, set up robust reporting structures and tenant and occupier liaison at various levels. GVA rose to the challenge and all work has been carried out within tight timeframes and to a high standard.”
David Deacon, Urban Development Manager, ISIS Waterside Regeneration
Drivers Jonas Deloitte
The Drivers Jonas Deloitte Leeds office provides a unique advisory service to our clients in planning & development, project management & building consultancy, valuation, strategic consulting and lease advisory. We’re the ‘boys (and girls) done good’ – having grown to 30 staff since our conception in 2007 despite tough trading conditions.
We’re proud of our distinct client base and are currently advising ASDA on their planning requirements, we sold a 20-acre site on behalf of Defence Estates for £4.7m and appointed to the One North East Commercial Property Framework.
Our thought leadership is expressed through our marketing and PR, research and seminar programme and we receive excellent regional press coverage. Renowned for punching above our weight, we’ll remain dedicated to offering the best service to our clients in Yorkshire, Humberside and the North East. I expect to see the business double in size in the next three years as we twin with our Deloitte colleagues to offer comprehensive and advisory services in tax, corporate finance and auditing.
I recommend you take a look at our supporting material attached and a selection of client commendations below. We believe we are amongst the best property advisors in Yorkshire and the North East.
Commendations:
“We appointed Drivers Jonas Deloitte as planning consultants for a major mixed use project including two mill buildings within a conservation area. We were very impressed, both with DJD’s technical expertise and with their successful engagement with a diverse range of stakeholders. The result was a planning permission which was practical in the current marketplace, yet received the support of all interested parties, a major achievement.”
Michelle Taylor, St Modwen
“McAleer & Rushe are very pleased with the service we have received from John Weir and his team at Drivers Jonas Deloitte. They take the time to properly understand our requirements and always respond in a professional and timely manner, accordingly we would have no hesitation in recommending them to others.”
Stephen Davey, McAleer & Rushe
Savills
Staff: 38 fee earners and 11 support staff
Turnover: £5.1million
With expertise as diverse as retail, offices, wind farms, affordable housing and planning, to country and town houses, rural estates and football stadiums, Savills in Yorkshire and the North East sets itself apart from the competition.
Paul Fairhurst, head of Savills Leeds, comments: “It’s been an amazing year for us. Our staff work on some of the region’s most exciting portfolios and we’ve won awards that recognise the high quality of client projects we do.”
He adds: “From planning permission for premiership football clubs, to working closely with one of the UK’s leading supermarkets – although our base is regional, there’s no doubt that our teams are industry leaders. Our public sector and planning teams are also currently driving the introduction of the first ever Tax Increment Financing scheme in the UK, a pioneering way to get development finance in place for the region.”*
In 2010 we employed and internally promoted seven new directors across Yorkshire and the North East, some of whom are working on new and growing service lines such as Strategic Land, Public Sector and Housing Investment Consultancy.
Our three offices in the region also work closely together to deliver regular update seminars on the industry for clients. In 2010 we organised nine events and attracted over 600 current and potential clients.
Savills also strives to give its clients the most accurate advice by providing them with up to the minute research. Our ‘Property View’ seminar for example, included comment from our commercial research team, to give our clients a local, national and international view on the markets they operate in.**
We also have a client relationship programme in place, so over 15,000 new and current clients receive relevant and timely research throughout the year.***
Mark Newton, development director at Simons Estates, a client, comments: “Savills has a very flat management structure, with long term client care being more important than internal politics and fighting for fees.”
testimonial
Helen Beckett from Town Centre Securities, another Savills client, adds:
“The Savills Yorkshire team works with Town Centre Securities on the Merrion Centre in Leeds. The Merrion Centre is the single largest asset in the TCS portfolio and thus is very important to us. During the last five years, the Merrion Centre has proven to be a resilient asset, consistently delivering growth. Savills retail agency team has undoubtedly contributed to helping us deliver that growth with a tenacious, pro active approach. The team has a great knowledge of our objectives, our markets and has also grasped our vision for the Merrion Centre. They help us communicate that vision in order to ensure that we continue to deliver an improving asset in the future.”
GP Surveyors
Why we believe we should win:
We deal exclusively with Doctors surgeries so we are completely devoted to Doctors and their needs.
• The basis of all of our work is to be proactive and ensure complete client satisfaction. Our 700+ Advocates are testament to this!
• By focusing on a specific industry and core services it has enabled us to build-up a wealth of experience and knowledge. We are often asked to provide advice or expert comment to the media or GP support organisations.
• We attribute our success to our comprehensive comparable evidence database and our team of valuation professionals and their expert skill in negotiation.
• Each GP surgery is assigned their own dedicated Client Manager who will be their contact at the company right from initial discussions. Surgeries know that they can pick up the phone at any time during the day and reach a familiar voice.
Key achievements in the 2010:
• Instructions:
• 418 Notional Rent Reviews
• 50 Market Valuations
• 13 Pharmacy(Applications/Implantations/Rent Reviews)
• 8 Sale and Leaseback
• 5 Business Plans
• 7 Other (e.g. Heads of Terms)
• Our workforce grew by 15% with the recruitment of a Marketing Manager, a Business Development Manager and an additional Chartered Surveyor
• We achieved Notional Rent increases totalling £4million for our clients
• Our number of company Advocates grew to over 700 surgeries, who are willing to speak of their positive experience of us working for them
“I was hoping for some increase in the rent after years of waiting, but I was unprepared for such a substantial increase. The increase we have received means that the Practice can continue providing comprehensive medical facilities under one roof and even consider extending the surgery to introduce new services for the benefit of the patients”
Dr Korlipara (former longest-serving elected member of the General Medical Council and Founder/Chairman of the National Association of GP Co-operatives)
Pike View Medical Centre, Horwich, Bolton
• We are a forward thinking company who proactively seek new opportunities and ways to help and advise our clients.
• We are proactive in building links and helping other organisations understand GP premises, for example we will be running events for Local Medical Committees, Accountants and Banks across the country in the coming months.
• In 2010 we began rolling out a nationwide events programme to help practices with key business skills.
• The use of social media has been introduced to help promote the company and pass on useful information relevant to GP premises.
• With the recruitment of additional staff we are aiming for a 20% growth in turnover this year, with further growth predicted in the following year.
• Although we are a small company operating in a single market, we have dominance of our sector, with a proven track record of achieving excellent results for our clients.
Sanderson Weatherall
A leading force for the North
Sanderson Weatherall LLP is a dominant name in commercial property in the North East and Yorkshire regions.
Despite the continuing challenges of the market, our agency’s activities have led us to reclaim our title as the Leading Property Adviser in the North in the EGi 2010 Deals Competition.
We are a national brand with on-the-ground local expertise, qualities that are rarely found in the same space.
Our strength lies in our ability to provide wide-ranging, flexible and multi-faceted solutions to meet the needs of a diverse client base, offering traditional agency support alongside specialist planning, rating and building services expertise.
We act for some of the largest national names around including the Royal Mail, Capital Shopping Centres and Greggs but are equally prominent in the regional sectors.
Our team continues to work for and at the heart of our regions with an active voice in the northern media.
In the last twelve months, we’ve listened to our clients and tailored our offering to meet their needs. We recently launched ‘Retail North East’, a specialist service for regional retailers and landlords, providing the local sector with the latest commercial property market news and opportunities.
We are also an active member within our surrounding communities. In 2010, our offices raised an astonishing £40,000 through our annual charity programme.
We have continued to invest in graduate talent making a total of eight graduate appointments and three additional placements across our North East and Yorkshire offices – all at a time when many have halted recruitment plans.
Our agency has an ongoing commitment to industry best practice as promulgated by the RICS of which all our senior staff are in membership. At present, we also are working towards attainment of the Environmental Management Standard ISO 14001.
Client testimonials
“In appreciation of the consistent service Sanderson Weatherall has maintained across all offices over the period of their contract, they have been awarded with a Silver Royal Mail Group Property Supplier Recognition Award for outstanding performance in each year of contract to date.”
Royal Mail
“They are valued property professionals who, through the experience and considerable market knowledge of their directors and professional staff, make a real difference to the performance of our North East Region. Perhaps the best testament is the fact that we have continued to use them in this capacity for nigh on 25 years.”
Greggs
Knight Frank
Knight Frank in Yorkshire can claim to provide the greatest breadth of service to the Yorkshire Commercial Property Market through its two established offices in Sheffield and Leeds. We have previously won the most active agent regional award from the EG and indeed were placed second in both office and industrial transactions this year. However our strngths not only lie in our agency teams but our professional services. Highlights of 2010 include the following:
• Advising Rotherham MBC on property aspects relating to ‘Rotherham Renaissance’, the regeneration strategy for the town centre, concluding a development agreement with developer TCN, to acquire the Civic Complex. The site is to be developed for a 120,000 sq ft superstore.
• MTL Group, Grange Lane, Rotherham – the consultancy and building surveying team worked together to acquire this 300,000 sq ft distribution unit working together to acquire the building and undertake extensive works including the provision of craneage, an enhanced power supply and remodelling of the office accommodation.
• The professional department in Leeds have acted for a number of occupiers / landlords in Yorkshire regearing leases. Most notably Callcredit Group who occupy 60,000 sq ft of offices at 1 Park Lane, Leeds where Callcredit took assignments of the Skipton leases and we simultaneously regeared the leases to delete 2013 break options and extend the leases to 2020. In consideration of the regear, we successfully negotiated a 12 months rent free.
• Obtained an option to develope Outukumpu Site for CDP/Wilson Bowden JV, a 50 acres former steel works site adjoining M1 Jct 34. A major application to the Regional Growth Fund has been submitted to support a large industrial/logistics development totalling some 80,000 sq.meteres
• In September 2010 the Southgate development in Bradford completed. KF negotiated the pre let with Provident Financial for their new 117,000 sq ft HQ and advised on procuring the development finance.
• The Leeds office also advised KPMG on negotiating an exclusivity with Leeds City Council on Criterion Place as a potential relocation site.
Some significant Industrial lettings including
• Quattro 160,000 sq ft to Scotts, Hurricane 260,000 sq ft to Asda, and sale of Magham 80, 80,000 sq ft to Ron Hull Junior and the acquisition of Crossflow for ASOS.
• Investment deals include the purchase Benson House Leeds, £20m. Funding Home Office Facility Warrington £36m, purchase Capita Head Quarters Sheffield £14m, funding Sainsbury’s Foodstore Bishop Auckland £23m, sale Salmon Retail Park Hereford £5.5m, sale Colne View Retail Park Colchester £15m
PPH COMMERCIAL
The practice are an independent firm of chartered surveyors with approximately 40 staff with offices in Hull, Doncaster, Grimsby and Scunthorpe.
The practice was established in 1990 in the depth of the last recession and has expanded year on year acting for a wide range of national, regional and local companies and several international groups.
The two founder partners of the practice Tom Penrose and Nick Pearce are still with the practice heading up the investment and office teams.
The firm has continued to work at a very high standard throughout this period and over the last 6 years (including this weeks award) has been named EGI Yorkshire Commercial Agents of the Year based on deals done, which include numerous national agents. The firm has also either won or been in the top 3 firms in all property categories.
This continued level of service and activity in the market resulting in the firm retaining its position as the leading agents in the area, is I believe the principal reason why the practice should receive a regional award in this area.
As you have kindly made the awards is it necessary for us to collate supporting material to back up our statement as the awards have been made by your publication to our practice since 2005.
I trust that the above is sufficient, but should you require any further details then please do not hesitate to contact me.
