Henrik Court’s Post

Latest property and construction news…..   78-90 Colmore Row was built in 1917 and subject to planning permission is set to be extended with a single roof-top office space storey which will add 6k sq.ft. to the building. The building will also undergo a refurbishment to improve its energy efficiency and accessibility. A new business lounge, cycle storage and shower facilities will also feature.   Permission has been granted to build a 37-storey residential block on Hagley Road as part of the New Garden Square development in Edgbaston. 462 apartments, commercial and retail space, co-working space, meetings rooms and a gym all feature in the project.   Residents and businesses are being encouraged to take the opportunity to add their thoughts (online) to the proposed multi-million redevelopment of Mell Square in Solihull. The council has appointed Muse Places Ltd as the preferred development partner for the scheme.   According to Birmingham City Council, the delayed box-park big-screen in Perry Barr will be built. The park was originally planned to open in 2022 when the city hosted the Commonwealth Games. The operator has started to move containers on to the site.   A net balance of 30% of property professionals expect house sales to rise over the next few months according to the Royal Institute of Chartered Surveyors. 45% expect to see an increase over the next 12 months.   Birmingham-based property services company Centrick has been appointed by Munich-based AM Alpha to consult on a 220 to rent apartment scheme in Alcester Street, Digbeth. According to UK Finance, 980 homes were repossessed in Q2 of 2024. This was up 8% on the previous quarter and 31% up compared to the same period last year.   #property #construction #housing #offices Photograph: The Belfry Hotel and Resort - The new Masters Suite and additional bedrooms, are under construction.

Property and construction news…..   Proposals for 1,300 apartments and commercial space around the River Rea and to the south of Moseley Street, have been approved. The scheme will open up the largely hidden river with new pedestrian routes and public spaces. The developers are Dandara Living.    A building that was once home to one of the world’s largest glass makers Chances, has been placed on the Victorian Society’s endangered buildings list. Located in Smethwick, Birmingham, the company used to employ 3.5k people. Glass was supplied across the world including the White House in the USA, and the Houses of Parliament in London to name just two examples. It is hoped the building will be restored providing houses, business space and a heritage centre - a capital grant application has been submitted to West Midlands Combined Authority.   According to representatives from Knight Frank, Savills, and St Mowden Homes, the best places to purchase a home in the Midlands is Droitwich, Birmingham’s Gun Quarter, Jewellery Quarter, Lichfield, Longbridge, Long Marston, Solihull, Sutton Coldfield and Worcester.   According to Nationwide, house prices increased by 0.4%. The average UK house price is £264,249 (April was £261,962).   According to GetAgent - an estate agent comparison site, Birmingham is currently the third hardest place to sell a house (Leicester and London were ranked one and two). At the opposite end of the scale Sheffield has the most active market. The company’s research findings stated that only 14.3% of properties in England found a buyer within 30 days.   Wavensmere Homes has shared proposals for its £150m Canalside South development in Wolverhampton. Subject to planning consent, 520 homes will be constructed with a range of commercial amenities in dis-used railway arches. 100 new jobs will be created and a public consultation runs until 28 June.   #property #construction #business #housing 

Cited Property are instructed to sell the House of Fraser in Darlington. Darlington is a historic and industrial market town in the County of Durham, England. Renowned for its engineering industries, award-winning theatre and arts venues.     The subject property is situated in a commanding, corner position at the junction of Blackwellgate and High Row at the southern end of the town’s main retailing area. Thanks to its substantial footprint, the property also benefits from frontages on to Blackwellgate and Mechanics Yard. It is located less than 200 metres from the Cornmill Shopping Centre which is the town’s main shopping destination. Other nearby occupiers include Boyes, Greggs, Caffe Nero and the popular Darlington Covered Market. The property is formed by several buildings that have been amalgamated to provide the current arrangement. The department store totals approximately 145,556 sq ft (GIA) and is arranged over lower ground, ground and four upper floors. The subject property is on a licence to occupy to House of Fraser. The licence was signed in 2021 by SDI (PROPCO 37) Limited. House of Fraser are currently trading from the property by way of a license to occupy. The license is determinable by both landlord and licensee at any point subject to not less than 3 months’ notice. The subject property is a local and cultural landmark that could be suited to an array of alternative uses, subject to planning and feasibility. We believe options include: • New Lease – either with the existing or an alternative occupier on the current demise. • Mixed-Use Redevelopment – we believe the ground floor could be reconfigured to provide a combination of high-quality retail and leisure units. The upper parts could then be repurposed for either residential, office or hotel use. • Leisure – there are numerous requirements for large town centre space from indoor entertainment and experiential leisure occupiers. • Cultural, Health & Community – working alongside the local authority to capitalise on the advancing regeneration of Darlington town centre and repurposing one of the town’s most iconic buildings to a community use. We are instructed to seek offers in excess of £1,000,000, subject to contract and exclusive of VAT. A purchase at this level would reflect a capital value per sq ft of just £6.87. For further information, please get in contact with Benjamin Wood or Bradley Maher. #darlington #retail #sale #assetmanagement #durham #property #commerical #opportunity #getintouch

Property and construction news…..   Savills has increased its forecast for house price growth based on an improved economic outlook. The company now forecast 21.6% growth by the end of 2028 (previously forecast at 17.9%). If this did happen the average house price would increase to £346k from its current average of £285k.   Firstsource Solutions has agreed a deal for 15k sq.ft. at Tricorn House on Hagley Road. The business process management service company will have desk space for 240 people, a training room, meeting rooms, breakout space and a kitchen.   Sutton Coldfield town centre is set to undergo a major transformation with Birmingham Property Group and SAV Group releasing artist impressions of what The Gracechurch Centre will look like when completed. Two public consultations will now be taking place. The scheme includes 700 apartments, cafes, restaurants and shops. Two thirds of the current site will be demolished as part of the plans with two new squares being created for public events.   Metalor Technologies have submitted plans for a £15m, 22k sq.ft. precious metals facility to be built on Longbridge Business Park. It is hoped that construction will begin before the end of the year.   Photograph: Latest progress at the Beorma Quarter opposite Selfridges in Birmingham   #property #construction #housing #offices #business  

The property is being sold with a corporate tenant in place, on a 5 year term and rent annualised @ £540,000 giving a gross yield of 7.4%. Our client, a local property developer in Fareham, Hampshire, is dedicated to addressing the housing crisis. Their latest project, the Wates House renovation and air space development, exemplifies this commitment. Development Overview:  Wates House, previously an unused commercial property, has undergone a comprehensive renovation and air space development. Located near the bustling market town of Fareham, the building is now ready for occupancy, with all necessary building regulations signed off and a 10-year structural warranty in place. Apartment Variety:  The development offers 27 uniquely designed one-bedroom and two-bedroom apartments spread across four floors. Each apartment features a contemporary high-class specification, providing flexible living space to suit various lifestyles. Additionally, residents benefit from private allocated parking, ensuring convenience and accessibility. Convenient Location:  Fareham's location offers convenience for both commuters and residents. Situated on the northwest tip of Portsmouth Harbour, the town provides easy access to nearby cities such as Portsmouth and Southampton. Major motorways, including the M27 and M3 leading to London, are easily accessible. Additionally, Fareham railway station, just a 20-minute walk away, offers regular services to various destinations, including Portsmouth, Southampton, Brighton, Cardiff, and London. Get in touch for further information. #propertyportfolio #propertyinvestment #propertyinvestor #investmentopportunity

Coventry site with permission for 600,000 sq ft commercial space sold 🏢🤝 A site set to deliver extensive new residential and commercial space in Coventry has been sold by L&Q Estates and HOLT PROPERTY, with support from law firm Shakespeare Martineau. Following a planning appeal last year, L&Q Estates secured planning permission for more than 600,000 sq ft of commercial development and up the 73 one-to-four-bedroom homes in Longford – located within the Midlands golden logistics triangle. The commercial space – which has permission for a main unit spanning 540,000 sq ft and the potential for two additional units of 40,000 sq ft and 20,000 sq ft each – has been sold to logistics real estate developer Panattoni UK. The residential element of the scheme has been acquired by Taylor Wimpey plc. Construction on the latter is expected to commence early 2025, with 25 per cent of the properties allocated as affordable housing. Continue reading... https://lnkd.in/evSFjHBt #property #realestate #commercialproperty #construction #planning #ukproperty #businessnews #businessintelligence

Quite rare to get a city centre purchase opportunity like this. Loads of asset management angles and in an area which is undergoing massive redevlopment. #commercialproperty #commercialinvestment #propertyinvestment

Smile if you smashed Quarter Two 😁🎉... Last Friday, all our company directors attended an end of quarter board meeting at Rudding Park Hotel with CEO and founder Mike Aspinall It was a productive session where we discussed key company updates and set our sights on an exciting future. Together, as a team, we are ready for new opportunities and to most importantly help new and existing investors build their property portfolios! Here is just a snapshot of what the companies achieved this quarter! 🏡 Sourced over 30 properties in the North of England  🏡 With over £3.5 million worth of properties sold to our clients in this quarter alone 40 onsite / completed renovation projects with NPP Developments ... 🏗 18 social housing properties  🏗 4 HMO properties  🏗 6 Buy to Let properties  🏗 2 Large Scale projects 🏗 8 Consultancy projects for external clients @changing_spaces_interiors fully furnished a 5-bedroom, 4-bathroom serviced accommodation in the Shetlands 😍 Alongside planning and furnishing… 🛏7 HMO projects 🛏4 Aparthotels located around the UK 🛏1 Residential property 🛏 30 Social Housing Properties We never have a dull day at the office 🤩 Who’s excited for Quarter Three!? We know we are!  . . #businessupdates #propertyinvestment #quarterone

Lendlease's £1.9bn Smithfield Birmingham scheme has been approved, with initial work set to commence later this year. The project will transform the area, creating a vibrant mixed-use development. In other news, an acquisitive employee-owned building contractor has seen sales jump 38% to £139m, with plans to buy another 200 businesses by 2030. The firm is also offering enhanced leave benefits to its workers. A major work package on a transport upgrade is being overseen by the Griffiths Farrans JV, while tunnels under High Holborn in London are set to become a cultural exhibition space. Clarion housing association is set to receive 483 new flats, and a deal has been sealed on the Paisley Grammar School project in Renfrewshire. However, the industry has also faced challenges, with more than 500 suppliers and subcontractors left holding unpaid bills following a company collapse. Heavy rain and strong winds have also been blamed for a sharp fall in construction activity in April. Despite this, many firms are reporting strong performance, with one group seeing its operating margin jump from 3% to 5% in a record year.  

Cardiff's skyline is changing at a rapid pace as we strive to deliver the cities ambitious infrastructure pipeline, at the same time increasing our global offer to attract more talent and skills to the region. So often I speak to visitors who have not visited the city for almost 10yrs and they are amazed by its transformation to date. From the ashes we are seeing the rise of Central Quay, final delivery of the last plot at Central Square in the pipeline, The Copper Works, Anchor Works, Harlech Court developers recently announcing the potential of Wales' tallest tower on Bute Terrace, to name but a few of the key projects currently underway in the Welsh Capital. Now we see a very new type of offer - Co-Living. This 'First of a kind' in Wales, co-living residential scheme was recently announced for Knox Road at the site of the old Legal & General offices. Since the rise of flexible/hybrid working post Covid, cities are working hard to attract people back to their highstreets and offices, this gap is very much being filled by the creation of new residential opportunities combined with high quality leisure and hospitality offer, that breathes life after the traditional working day is done. Affordable and social housing is also key to delivering a successful city and hence Cardiff Council has set out a pipeline of almost £1bn of such development to underpin this ever increasing demand. #Investincardiff#regeneration#transformation#Cardiffcapitalregion#Talent #skills