South West Property and Construction round-up

Julia Russell, Bowland Stone; Michael Bobroff, HSBC; Ian Elston, Bowland Stone

Business Leader Magazine looks at the latest property and construction news from across the South West…

Bristol manufacturer acquires premises with HSBC funding

Bristol headquartered manufacturer of hard landscaping materials has acquired a new three acre site on Feeder Road after securing a commercial mortgage from HSBC to support the £1.45 million purchase.

Bowland Stone, which was established in 1995, has bought the land from the former owners of H.J. Chards which it acquired in 2014. The business has since completely redeveloped the site and moved its accounts and administration teams to the premises.

The recent purchase of the land provides ongoing stability for the business as well as a permanent base in Bristol.

Music education provider dBs Music takes lease at Location House in Bristol

Music production and technology education provider dBs Music is to expand its provision after agreeing a lease for Location House in Bristol.

The prominent 14,147 sq ft building, at the corner of Dove Lane and Wilson Street in St Paul’s, has been let on a 10-year lease with five year break from a private landlord, jointly advised by Colliers International and Maggs & Allen.

This will facilitate the launch of dBs’ new sister brand The Institute of Digital Creatives, which will deliver a range of specialist training in fields such as games development and virtual reality.

Kames Capital acquires £2.8 million Bristol office building

Kames Capital, advised by V7 Asset Management, has completed the off-market acquisition of a central Bristol office building for £2.8 million.

The property, formerly known as Techno House, is located on Redcliffe Way in the city centre and comprises 28,732 sq ft of office space set over ground and five upper floors. The building has been acquired on a long leasehold basis, with vacant possession.

The building has been acquired for the Kames Property Income Fund, and has been targeted for full refurbishment and letting to new tenants as part of a comprehensive asset management strategy. V7 Asset Management has been retained as development manager on the scheme.

MRH acquires Chartman Retail

MRH today announces it has exchanged contracts and agreed to acquire Top 50 Indies Dealer Chartman Retail as part of its strategic drive to increase its offering across the South West.

Chartman Retail, an Independent Retail Chain of the Year finalist in this year’s Grocer Gold award, owns and operates one of the largest independently owned portfolios of service station forecourts in the South West of England.

The company operates ten service stations located across Devon, Cornwall, Somerset and Dorset. Each site has an on-site SPAR convenience store and the company also owns one stand-alone SPAR store. Fuel is sold under three brands Esso (eight sites), Shell (one site) and Murco (one site).

Blake car park opens today

Sedgemoor District Council has announced the opening of a new car park on the site of the former Blake Hospital, next to the new Northgate School off Northgate in Bridgwater. It is conveniently situated near to town centre businesses and shops.

Blake Car Park has 66 places, for season ticket/permit holders only.   It is not a pay and display car park. Season tickets offer a 40% discount over daily parking charges and allow parking in any Sedgemoor District Council long stay car parks across the district.

Move to new offices adds up for fast expanding accountancy firm

A fast growing Plymouth accountancy firm has relocated into brand new offices on an initial 10 year lease.

HM Williams Accountants have now moved into grade A, purpose built offices at Sandy Court on the Langage Business Park, Plympton, in a lease deal agreed by Ashleigh Phillips of Bruton Knowles. Plymouth-based Monk & Partners acted on behalf of the landlord.

Town to get new soft play attraction

Amesbury is to get a new soft play attraction for children which will be housed at Minton Distribution Park.

This follows the letting of Units 1 and 2 on the park to Solstice Soft Play Ltd in a deal brokered by property consultancy Myddelton & Major.

GVA secures new home at the Chocolate Factory for Keynsham GP practice

Property adviser GVA has helped secure new premises for a GP practice in Keynsham, to be one of the first tenants to move into the newly redeveloped Chocolate Factory in the town.

The St Augustine’s Surgery will be relocating from its existing premises on the edge of Keynsham when its new home at the Chocolate Factory is complete following fit-out.

JLL comment on Grant Thornton move

Grant Thornton’s  have moved their Bristol office to 2 Glass Wharf. Below is a quote from JLL, who acted for Grant Thornton:

Hannah Waterhouse, director at property consultancy JLL in Bristol, said: “This move to 2 Glass Wharf is an opportunity for Grant Thornton to implement modern, agile ways of working; a trend that we are increasingly seeing in Bristol among forward-thinking professional services businesses. Flexible workspaces help to create a healthy and collaborative business environment that is fit for purpose in the rapidly-changing, highly-connected world that we live in.”