Author: veli

Wareing delivers new headquaters

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A Warwick-based company is celebrating a major milestone with a multi-million-pound move and expansion.

APC Streetwise Couriers, based on the Heathcote Industrial Estate and with a unit on the Bayton Road Industrial Estate near Nuneaton, is moving to a new state-of-the-art hub at the Tournament Fields development just off the A46 at Warwick.

The logistics carrier, which employs 65 staff, has signed a 15-year lease on a new 25,500 sq ft headquarters which will see them treble their space when they move in during November.

The move, completed through Leamington-based commercial agents Wareing & Company, comes 20 years after owner Dave Cleaver started working for the business which he then bought in 2015.

The company has delivery and collection rights for parcels and packages across the CV postcode area for the national APC network but the move will allow it to take more and bigger consignments.

Cleaver said: “This is a very big move for the company and will allow us to continue the growth of the business. We have simply outgrown our current base and we have ambitious expansion plans and this move will allow us to put those into action.

“Tournament Fields is ideally placed very close to the A46 and M40 and transport links are vital to our business. It also helps that two of our major clients are our neighbours!

“We have five double decked delivery lorries visit everyday and having a modern, state-of-the art building will massively improve our efficiencies.”

Bill Wareing, of Wareing & Company, has acted on the development since the first unit was developed in 2005.

The latest letting means that there are now 30 companies at the development employing around 1,500 people.

Wareing said: “This is a major letting not only for Tournament Fields but also for Warwick and Leamington. This is the first time the developers CWC Group has speculatively built on-site and created a building which perfectly fits the needs of a logistic company.

“It is also really rewarding that it has gone to a local firm which is successful and growing and has some considerable expansion plans.

“Tournament Fields is very much a mix of companies who have moved to the area and invested heavily, and also ones who have used the development to expand their presence in the area. They vary hugely in size and also in sector and it is a real success for the area.”

Leading Midlands law firm Wright Hassall acted on behalf of APC Streetwise Couriers.

Bill Wareing (Wareing & Co), Dave Clever (APC Streetwise Couriers) George Gailey (APC Streetwise Couriers), Paul Shanley (CWC Group), Andrew Jones (Wright Hassall)

 

Leamington holds up well in choppy retail waters

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A leading retail property expert believes that recent movement in Leamington’s shopping market has underlined the town’s resilience in the face of the national downturn.

Leading women’s fashion brand Hobbs has announced that it will be coming to the town, outdoor specialist Mountain Warehouse is moving to Warwick Street while Kung Fu – a new Chinese restaurant – has agreed a lease on a prime unit in Regent Court.

Bill Wareing, of Wareing & Company which has been involved in all three transactions and also acts on behalf of LaSalle Investment Management which manages the Royal Priors, believes the activity is proof the town is weathering the retail storm better than most mid-sized towns.

He said: “Obviously the retail downturn has affected every town in the UK, but we are still seeing encouraging level of interest in Leamington and there has been a flurry of deals in recent weeks which is a very good sign.

“Leamington has a heritage of independent and niche retailers alongside the more usual High Street multiples, and that is continuing.

“Hobbs is a great brand and to have them move into a prime site in the Royal Priors is very good news, and the fact that Mountain Warehouse has decided to move to a bigger and better located unit underlines how well they trade in the town.

“The conversion of Regent Court into a food quarter has gone really well and Kung Fu is taking the former Two Seasons unit, which is 5,500 sq ft and is instantly making it one of the largest restaurants in the town and again requires a large investment from the operators.

“The arrival of other brands including Seasalt and the Cotswold Trading Company, and the new gallery Nova Fine Art in Warwick Street, again show that Leamington maintains a good profile with destination brands.

“That, combined with a really good leisure offer and the activities organised by the Leamington BID and others, means there is the level of vibrancy which is often missing in towns of a similar size and that mix is vital and does bring a resilience.”

King Fu has 15 outlets around the UK – including Stratford-Upon-Avon – and had earmarked Leamington after being impressed by the development of Regent Court.

Mark Hillier, of commercial agents DMR who act for Kung Fu, said: “Leamington is a really vibrant town centre which attracts people of all ages and draws visitors from a wide area.

“The creation of Regent Court has developed a clear and coherent food and leisure quarter which in itself if a big draw. The company has invested six figures and is looking forward to being a major player in the town’s leisure economy.”

Around 100 new jobs could be created

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Up to 100 new jobs could be attracted to Southam after a major property deal was completed.

The Wigley Group – a Warwickshire-based independent property development, investment and construction firm – has purchased the former Tichsa building on Northfield Road in the town.

The firm is looking to let the 40,000 sq ft building, and it has already generated interest from a range of users across the region.

Leamington-based Wareing & Company is marketing the building for The Wigley Group, and has had enquires from manufacturing and engineering companies as well as logistics businesses.

Bill Wareing, of Wareing & Company, said: “The deal to purchase for The Wigley Group had not been completed before we had interest from companies looking to expand.

“There is unquestionably a shortage of buildings of this size across the region while at the same time we have a thriving economy and Southam is a good location.

“We expected to get interest from the logistics sector but we have had more than one manufacturing and engineering company expressing an interest as they are looking to expand and see this as the perfect opportunity.

“Suitable accommodation for expanding firms in that sector is not easy to come by and a lack of it can mean companies either moving from the area or not reaching their potential, so hopefully this might fit their bill.”

The modern high-bay building with offices is located on the main industrial estate in Southam and boasts an eaves height of approximately nine metres, rising to around 13 metres at the apex, making it an attractive space for large-scale storage and it is extensively racked.

It also includes a 2,000 sq ft mezzanine, two self-contained internal office blocks, goods yard and on-site parking with 46 spaces.

Wareing & Company and Bromwich Hardy are jointly marketing the property.

James Davies, of The Wigley Group, said: “We recently moved our headquarters into the Southam area and it has been brilliant for staff and for clients. We are in easy reach of Leamington, Daventry, Coventry and Banbury and there is great access to the regional motorway network.

“While we are always looking to add to our portfolio, we are very particular about our investments, but the attributes of the building allied with the advantages we have found being located in the area made this an attractive proposition – as we hope it will be for potential tenants.”

Further details regarding the lease are available through Wareing & Company on 01926 430700 and Bromwich Hardy on 024 7630 8900

Bill Wareing (Wareing & Company), James Davies (Wigley Group), Louis Smith (Wigley Group), Tom Bromwich (Bromwich Hardy).

 

 

Major Property Deal in Southam Completed

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Up to 100 new jobs could be attracted to Southam after a major property deal was completed.

The Wigley Group – a Warwickshire-based independent property development, investment and construction firm – has purchased the former Tichsa building on Northfield Road in the town.

The firm is looking to let the 40,000 sq ft building, and it has already generated interest from a range of users across the region.

Leamington-based Wareing & Company is marketing the building for The Wigley Group, and has had enquires from manufacturing and engineering companies as well as logistics businesses.

Bill Wareing, of Wareing & Company, said: “The deal to purchase for The Wigley Group had not been completed before we had interest from companies looking to expand.

“There is unquestionably a shortage of buildings of this size across the region while at the same time we have a thriving economy and Southam is a good location.

“We expected to get interest from the logistics sector but we have had more than one manufacturing and engineering company expressing an interest as they are looking to expand and see this as the perfect opportunity.

“Suitable accommodation for expanding firms in that sector is not easy to come by and a lack of it can mean companies either moving from the area or not reaching their potential, so hopefully this might fit their bill.”

The modern high-bay building with offices is located on the main industrial estate in Southam and boasts an eaves height of approximately nine metres, rising to around 13 metres at the apex, making it an attractive space for large-scale storage and it is extensively racked.

It also includes a 2,000 sq ft mezzanine, two self-contained internal office blocks, goods yard and on-site parking with 46 spaces.

Wareing & Company and Bromwich Hardy are jointly marketing the property.
James Davies, of The Wigley Group, said: “We recently moved our headquarters into the Southam area and it has been brilliant for staff and for clients. We are in easy reach of Leamington, Daventry, Coventry and Banbury and there is great access to the regional motorway network.

“While we are always looking to add to our portfolio, we are very particular about our investments, but the attributes of the building allied with the advantages we have found being located in the area made this an attractive proposition – as we hope it will be for potential tenants.”

Further details regarding the lease are available through Wareing & Company on 01926 430700 and Bromwich Hardy on 024 7630 8900

1 Warwick Street, Leamington Spa

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Warwick District Council has recently completed the purchase of a centrally located building in Royal Leamington Spa for affordable housing, at social rent levels. Located within the upper floors of the Kwik Fit building at 1 Warwick Street, the conversion will see the empty space brought back into use in a highly sustainable town centre location.

Research shows the biggest affordable housing need in the district is for one-bedroom accommodation and the intention is to convert the upper levels to Council-owned flats at social rent levels, predominantly for single people and couples. Social rent levels are the cheapest level of affordable housing and are the model many people remember for traditional social rented homes.

In light of the Council’s recent declaration of a climate emergency, specifications for the conversion work will include sustainability measures.

The Kwik Fit business, which operates from the ground floor of the building will be unaffected by the purchase and will continue to trade as normal, with no disruptions.

The £2.5 million sale was arranged by Leamington-based commercial agents Wareing & Co, who acted for a private investor, based in Birmingham, who had owned the property for 12 years.

Bill Wareing from Wareing & Co said:

“The upper floors of the building were occupied by research company Market Location but they vacated more than a decade ago so it is good news for the town that they will be converted through this purchase by the local authority, and the building will be back in full use.”

Warwick District Council’s portfolio holder for Housing Services, Cllr Jan Matecki commented;

“This new purchase builds on the work we have already begun to increase the Council’s housing stock to include more affordable housing. By utilising a building where the upper floors have remained empty for five years, we’re able to bring a redundant space back into use whilst meeting the high demand for one-bedroom properties. With its central location, close to Leamington town centre and excellent amenities, we hope the development will appeal to single people and couples keen to stay in, or move into the area.”

A Royal Leamington Spa/Midlands property consultancy has added new blood to aid the company’s growth.

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A Royal Leamington Spa/Midlands property consultancy has added new blood to aid the company’s growth.

Jon Blood has joined Wareing & Company, based on Hamilton Terrace, as a Director from ehB Reeves where he spent four years as a surveyor after joining from Birmingham based GVA (now Avison Young)

His new role will see him working under the stewardship of the firm’s founder, Bill Wareing, who has more than 40 years of commercial property experience.
Blood will be working on a range of freehold and leasehold property instructions, as well as handling property investments, rent reviews and lease renewals.

Speaking on his appointment, the 30-year-old revealed his excitement at joining a firm at the heart of the region’s commercial property landscape.
“This is a great opportunity for me to help the firm to capitalise on the busy business scene in Coventry and Warwickshire,” said Blood.
“Bill is also one of the most respected figures in the property industry, so the opportunity to be mentored by one of the best was too good to turn down.
“The business has ambitious plans to grow its caseload over the coming months despite the political uncertainty surrounding Brexit.
“Industrial units, office space and retail spaces are all areas we are seeing pick up – particularly in desirable towns such as Leamington, Warwick and Stratford-upon-Avon.
“Coventry also has City of Culture on the horizon and is becoming an increasingly appealing destination to be in – so there is a good buzz about the region as a whole.”

Wareing & Company was established by Bill Wareing in 2001 and provides commercial property services throughout the Midlands to a range of property developers, private property owners and property investors.

Bill Wareing added: “Jonathan is one of the region’s best up-and-coming talents and is the future of the firm, and I’m pleased to welcome him on board.
“He is hungry to learn and is passionate about the industry – two traits that will undoubtedly help us in our mission to ramp up inward investment into the region’s commercial property landscape.”

Sodick – Tournament Fields, Warwick

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The first step has been taken to create a new state-of-the-art European HQ for an electrical manufacturer in Warwick.

Sodick, which was established in Yokohoma, Japan, has been operating in Coventry since 2008 and is creating a new 45,000 sq ft complex at Tournament Fields in Warwick.

The firm, founded in 1976, is a world renowned manufacturer of electrical discharge machines, which are used to make tools and parts for a variety of industries including automobile, aerospace, electronics and more.

The move will see Sodick and Sodi-Tech EDM – the exclusive distributor of Sodick products in the UK – come together under one roof, with 46 members of staff, once it is built.

The new centre will run its sales, service and marketing support operation for the whole of Europe, as well as Russia and Africa.

The move has been made possible by leading law firm Wright Hassall,
independent property consultants and chartered surveyors, Wareing & Company, and Sodick’s property agents, Bromwich Hardy.

Sodick’s European CEO Peter Capp said: “The desire to build a new state-of-the-art-factory has been an objective of our expansion programme for several years and despite the UK Brexit vote we still decided that the UK was the perfect place to continue our growth.  Our Coventry base has been steadily growing its business over the last decade and we now turnover £45 million per year. We believe this is a great opportunity for us to continue to grow in the UK and Europe.”

Andrew Jones, partner at Leamington based law firm Wright Hassall, which has acted for Sodick since its arrival in the UK, helped complete the purchase of the land.  He said: “Sodick’s decision to keep its European HQ in the Coventry and Warwickshire area, while moving into state-of-the-art premises is good news for the area and for the company.  We have worked with them during an incredibly successful period since their move to Coventry and we look forward to their successful future growth.”

To mark the start of building work, developers, surveyors and Sodick bosses came together for a ceremonial ground-breaking ceremony.

Bill Wareing, of Wareing and Company, said: “Tournament Fields is a thriving site for businesses and the perfect location for Sodick to continue their development. It has grown to become a very valuable and vibrant commercial hub attracting a range of businesses which realise the benefits of being based in Warwickshire.”

Stone Firm Makes Solid Move

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Bellagio Stone, the Warwickshire-based natural stone surface specialists, has bought a 20,000 sq ft industrial building in Heathcote Way, Warwick.

The company, which creates stone surfaces for use throughout the home – specialising in kitchens and bathrooms – has purchased the freehold after moving from Sydenham.

The firm has invested heavily in the refurbishment of the building which had been vacant for some time but once Wareing & Company secured planning consent for change of use, they achieved the sale within two months on behalf of the Revelan Group.