Proof of the buoyant industrial
market along the south coast is
provided by Glenmore going for
further expansion at its business
park in Chichester after all 37
units were let or sold.
The units at Glenmore Business
Park, Portfield Works were built
speculatively and have all gone in
Planning permission is now in
place for a second phase, adding
40 small units although there will be
three detached larger units of
1,010 sq.metres (10,870sq.ft
1,467 sq.metres (15,794sq.ft
2,093 sq.metres (22,534sq.ft
Letting agents are LSH, JLL, Henry
Adams and Michael Jones & Co.
Guy Jackson of LSH said: “The
speed with which these units have
been leased or sold, along with the
prices they are fetching, demonstrated
that the confidence is well placed”.
Also in Chichester, Flude has sold
Midland House, Southgate which has
offices and two retail units, for
Commercial Property Register
November 2017 - March 2018www.compropregister.com
Surely the symbolism of developing
the UK’s tallest residential tower
of 68 storeys linked to another of
41 graphically illustrates that
Croydon has moved up a gear as
an urban entity.
The scheme at One Lansdowne
Road,which has planning permission,
is by Guildhouse-Rosepride and apart
from 794 homes it will have 34,838
.) of offices.
However, this is not the only
major tower scheme to come forward
recently in Croydon because Tide
Construction wants a build-to-rent
tower close to East Croydon railway
station. It will have 546 residential
units in a 38 and 44 storey tower.
It will be the tallest modular
tower in the world with Tide using
off site manufacturing systems. On
top of this MiFlats has submitted
plans for a 34 storey residential
tower with 296 so called ‘microflats’
aimed at young professionals. In
Phase 2 of the project (the first
phase saw the conversion of
Canterbury House, a 12 storey
office) half the units will be
affordable. Oddly enough,
research by online estate agent
eMoov has revealed that Croydon
tops the list for London as being
the capital’s wealthiest borough
for property. The analysis is on the
basis of surface area.
Elsewhere in Croydon, Linton Group,
in a joint venture with Henika Group,
has bought two properties at 9-11
Wellesley Road totalling 5,574 sq.metres
.) in the heart of the
town’s regeneration area.
Gary Linton commented: “This is
an opportunity to get involved in
Croydon’s far reaching regeneration
programme. We fully believe in the
potential of the borough as one of
London’s leading commercial and
residential hot spots”.
Also in Surrey, Schroders Regional
Office Fund has paid £11.5 million
for the 3,252 sq.metres (35,000sq.ft
London Court in Reigate and it is
For those wallowing in the gloom
of a Brexit led slowing of the UK
economy, a trip through the three
south east counties could prove to
be a rewarding experience.
That is because many local
authorities and businesses are not
accepting the bleak future and are
building new commercial and
residential facilities, notably in Ashford.
What is the key to the changes?
One of them is transport with a number of improvements, such as
changing the Ashford ring road to a more user friendly route but also
wider spread improvements to the motorways and main roads.
What is another factor? It appears to be a dynamic and helpful local
authority aiming for economic growth and better facilities for the
population. Here again, it is true of Ashford.
Outside this east Kent town, other places are pushing for change,
particularly the business parks such as Discovery which has embarked on
a new phase of development and Newhaven. However, there are
problems as highlighted by Glenny’s Richard Seton-Clements with the loss
of commercial space to residential use.
It is obvious the government could not care less about this as long as
they are able to get headlines in the newspapers about more houses
being built. It is par for the course when it comes to government’s
attempting to understand commercial property.
cgi of One Lansdowne Road
The fact that some of the
leading property advisory
businesses are expanding their
network in the three counties
indicates the quality of the
business being transacted.
In Guildford, Hurst Warne has
opened a new office because of
increasing activity in the town.
Hurst Warne’s Mark Leah said:
“We have concluded over
23,225 sq.metres (250,000sq.ft
of property transactions in Guildford
in the last two years”.
“Coupled with the town’s
excellent economic prospects,
we felt the time was right to create
a permanent base”.
Guildford has recently seen the
emergence and clustering of high
tech innovative industries such as
gaming, satellite technology,
healthcare and bioscience.
The need for regional expansion
also motivated SHW to open an
office in Bromley.
From the depths of despair when
Pfizer decided to cut its vast
business park at Sandwich the
mood has moved to total
optimism as the new owners
have revitalised it as Discovery
Park, an appropriate name.
The investment goes on with the
latest proposal for 4,645 sq.metres
) of laboratory space
and the expansion of offices with
5,574 sq.metres (60,000sq.ft
Additionally, the site’s catering
and conference facilities will be
revamped to cope with the fact
that 150 companies are located
there with 3,000 employees.
Toby Hunter, Chief Executive
of the park, said: “Our desire is
to ensure that the worldwide
reputation Sandwich has enjoyed
for decades continues into the future.
We have plans to invest in our
science offer and enhance facilities
across the park”.
Phase 1 Glenmore