News & insight

July Deals Update

Marketing / 7 Jul, 17

On the 1st April 2017 the new rating lists were published across England and Wales, from that date, businesses looking to challenge their business rates were required to do so through the HMRC’s Government Gateway. To find out more about the changes and how to register click here.

Once again we were particularly active in the North East with our agency team completing a number of deals including the purchase of a 15,800 sq ft warehouse in Crowther Industrial Estate by Anderson Beverage & Co, a leading supplier of dispensed soft drinks. Acting on behalf of NHS Property Services the team also sold the former Alma Street Health Centre, a 27,300 sq ft redevelopment opportunity to Thirteen Group, one of the region’s leading social housing groups.

Acting on behalf of a private landlord, our Teesside agency team has sold a 7,800 sq ft industrial warehouse unit in Preston Farm Industrial Estate to local investor, SCS structures. Following their expansion Sadler Brown have let an office space at Newcastle Business Park, with our team acting on behalf of ACE.

In Yorkshire last month we also completed a number of deals including the letting of office space at York Place in Leeds city centre to specialist property consultancy, Grant Fieldhouse and the sale of the former Diocesan office building on St Mary’s Street to the Leeds Society for Deaf and Blind People. Acting on behalf of the Joint Administrators at BWC Business Solutions, our Asset Advisory team in Leeds sold No. 18 Appleton Court at Calder Park, Wakefield to a private investor.

The caravan park market continues to capitalise on buoyant trading conditions with our specialist caravan and holiday park teams agreeing in excess of £40M worth of sales over the past nine months. Following our instruction by independent law firm, Burges Salmon our specialist parks team also provided expert witness evidence on behalf of Great Yarmouth Port Authority for the second round of a £15 million claim by Bourne Leisure in relation to the alleged loss of value to a caravan park.

Katie Hicklin, estates surveyor at the Co-operative group recently benefited from our mentoring scheme as she successfully passed her assessment of professional competence. The mentoring scheme was launched as an initiative to help staff within our client and partner organisations in becoming full members of the Royal Institute of Chartered Surveyors (RICS) and you can find out more information about it here.

Topics: News

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