Eddisons announce first occupiers at Enterprise Business Park

Meridian Gymnastics and BSW have been announced as new occupiers at Enterprise Park, Peterborough.

Barnack Estates UK Ltd commenced construction of the 12 acre Park in January 2022. Since the launch strong interest has been registered with 3 plots and 12 out of the 26 speculative units now reserved, confirms Eddisons and Savills who are the joint sole agents under instruction.

Merdian Gymnastics are looking to double their current operation with a relocation from Eagle Business Park adjacent. BSW who are located on Station Bridge Business park and are also on Eagle are relocating their Eagle operation to a warehouse 40% larger to help with their expansion plans.

Rob Facer, Chairman, Barnack Estates UK Ltd, commented, “We are delighted to be in a position to announce the first names to move onto the Park and more names will be announced shortly. We are pleased to be able to offer industrial buildings at a time when a chronic shortage of stock has been recognised in the Peterborough area. This estate will help meet the employment and industrial growth in the area. “

Enterprise Park, which fronts on to Broadway, Yaxley comprised 12 acres of industrial development land. The site is being developed for occupation in late 2022 / early 2023. 26 industrial / warehouse units are currently being developed to purchase speculatively in size ranges from 1,870 to 7,660 sq ft. Units are either terraced, semi-detached or detached. 12 of the 26 units are reserved with 5 others currently in serious discussions. The remaining land is available for design and build. Meridian and BSW have been announced as occupiers. Three further plots are currently under negotiation.

Individual planning applications are being submitted for the design and build interest together with a second phase of speculative units which will be in the region of 1,225 to 2,080 sq ft.

Richard Jones, Director of Eddisons incorporating Barker Storey Matthews, commented, “With availability of vacant industrial space in Peterborough at only 135,000 sq ft – an all time low for the city – the level of interest is not surprising .”

For more information about units at Enterprise Park, Yaxley or the availability of plots for individual design and build contracts contact the joint sole agents, Richard Jones at Eddisons 01733 897722 and Ed Gee at Savills 017233 341444

Eddisons makes trio of senior Yorkshire promotions

Eddisons has made three senior-level promotions across its Yorkshire offices as part of a strategy for growth which has also seen the firm complete five acquisitions since 2019. In the current round of promotions, across its 25 UK offices, Eddisons has promoted a total of nine members of staff to director and a further two to associate director.

In Leeds, Michael Peel and Mark Czajka, who both work in Eddisons’ business sales team, have been made directors. The pair work for Ernest Wilson, the agency that buys and sells small businesses such as restaurants, care homes and caravan sites across the UK, which was acquired by Eddisons in 2019.

Based in Eddisons’ Bradford office, Matt Jennings has been promoted from senior surveyor to associate director. Matt joined the firm in 2018 after serving as head of property for the former Greenwoods Menswear.

Eddisons managing director Anthony Spencer said: “Congratulations to Matt, Mark and Michael as well as to the other eight colleagues we have promoted across the country. Eddisons is now one of the fastest growing property firms in the UK and we currently employ over 360 people nationally.

“As an employer we believe in nurturing talent, from our ambitious apprenticeship programme to helping staff at all levels to progress, and this latest raft of promotions is testament to the success of that focus. Our strong and brilliant team of employees, who share the firm’s passion for always going the extra mile for our diverse client base, are central to our plans to continue to grow the business over the coming months and years.”

Eddisons completes sale of Ely office freehold

Eddisons’ Cambridge Agency team have completed the sale of a 1905 sq ft office building for above asking price to a local investor/developer.

Located in the centre of Ely Cambridgeshire, the Victorian self-contained office building provides accommodation over two floors and the opportunity to re-let as an office or convert to residential, subject to planning.

Eddisons Director, Ben Green comments, “We are delighted to have completed the sale of this attractive office premises close to the historic cathedral. Ely is a popular location with investors owing to its vibrant local economy, strong housing market and fast rail links to Cambridge and London.”

For more information on commercial property opportunities in Cambridgeshire, contact Ben Green at the local office of Eddisons on 01223 448791 or [email protected].

Eddisons recognised as Cambridgeshire’s most active property agent

Eddisons has been identified as Cambridgeshire’s most active commercial agent, according to six-monthly deals competition results published this week by property research platform EG Radius.

The firm, which employs 360 people across the UK and has regional offices in Peterborough, Cambridge, Huntingdon and Bury St Edmunds, triumphed in the half-year ranking of Cambridgeshire agents, with 736,902 sq ft of space transacted and 102 deals completed. With six times the number of deals done by second-ranked firm Bidwells, Eddisons has topped the EG rankings for eight years consecutively.

The annual deals competition is open to all commercial agents completing property transactions in Cambridgeshire, Suffolk and Norfolk and is assessed on the volume of deals done for lettings and sales.

Eddisons also led the field in the ‘most active agents’ category of the awards, with six out of the top ten dealmakers in the East of England working for the firm. Matthew Hunt, Richard Jones, Julian Welch, Ben Green, Steve Mudd and Stephen Power all appeared in the top ten ranking, with each agent having completed between 19 and 12 deals in the first half of 2022.

Commenting on the agency’s ongoing success, Eddisons partner and head of agency Steve Hawkins, said: “Being in pole position in Estate Gazette’s East of England rankings really is testament to the hard work of all our team. As we continue to grow, Eddisons prides itself on being a national firm with local knowledge and expertise, gained from having people on the ground, and persistently going the extra mile for our clients.

“Clearly that has paid off and we are incredibly pleased to have our hard work on behalf of our clients recognised for the ninth year in succession.”

Last month Eddisons acquired commercial property firm Budworth Hardcastle, which employs 18 people at offices in Peterborough, Kettering and Northampton. The deal follows the firm’s acquisition of South coast-based firm Daniells Harrisons earlier this year and 2021’s acquisition of London firm HNG and Fernie Greaves in Sheffield.

130,000 sq ft acquisition secured by Eddisons

Peterborough based AK Retail Holdings Limited has extended its operations in Peterborough this month with the purchase of Orton 130 in Bakewell Road Orton Southgate.

AK Retail Holdings, owners of specialised retailers Yours Clothing, BadRhino, Long Tall Sally and PixieGirl have purchased their second distribution centre after initially leasing the facility. AK Retail Holdings Owner and Chief Executive Andrew Killingsworth commented:

“This latest purchase represents significant investment in the city, allowing for further expansion to meet the growing needs of the business. We now have a combined footprint of over 250,000 square feet in Peterborough and warehouse distribution alone now employs over 350 people. The group is proud to call Peterborough its home and we look forward to developing further within the city”

Eddisons acted for the group in acquiring the new facility. Partner Steve Hawkins commented:

“We are pleased to have advised our clients in this latest property deal which is great news for Peterborough. Our client’s intention is now to expand the facility further and we will be in discussion with Peterborough City Council shortly”

For further information on commercial property acquisitions, click here.

Landmark building brought to the market for sale in Peterborough

Acting on behalf of Anglia Ruskin University (ARU), the Peterborough office of Eddisons have today launched the marketing of a freehold landmark building on the fringe of Peterborough City Centre.

Guild House on Oundle Road currently houses ARU’s Faculty of Health, Education, Medicine and Social Care which is moving into the new Peterborough University Campus, with the first intake of new students arriving at that facility in September2022.

Guild House is an extensive former office building extending to over 60,000 sq ft on a site of 3.69 Acres. Located in a prominent position fronting Oundle Road, it is in close proximity to the City Centre with easy access to the central shopping and leisure areas, mainline railway station and central bus and coach stations.

Julian Welch, Director at Eddisons who is leading the disposal on behalf of ARU commented ‘Guild House represents a superb opportunity to acquire a landmark building on a large site in a prominent edge of City centre location. Whilst currently used by ARU as an education facility, the property also lends itself to a wide range of alternative uses including as offices, as a hotel, for medical purposes and indeed for conversion to residential.’

He added ‘the property sits on a large site with a number of areas that have potential for further development, subject to planning consents being obtained. Buildings of this nature do not come to the market very often in Peterborough and we are sure that there will be strong demand from prospective purchasers looking to invest in one of the fast growing Cities in the UK’.

For further information and access to the dataroom for the property, click here or contact Julian Welch, Director, Eddisons on 01733 897722 / [email protected].

Hillside Business Park maintains 100% occupancy following letting

Hillside Business Park in Bury St Edmunds has maintained 100% occupancy following the recent letting of a modern business unit by Eddisons.

Acting on behalf of the landlord, Dencora, Eddisons have let Unit 21 to bespoke cabinetry specialists, TWB Bespoke Ltd.

The property comprises 1,300 sq ft of modern industrial accommodation and benefits from office, kitchen and WC facilities, as well as onsite parking,

Steven Mudd, Surveyor at Eddisons dealing with the instruction, comments: “We are delighted to complete the letting of this light industrial unit in the town’s premier business district. The availability of small/light industrial space remains scarce, and we are continuously seeking further instructions of this type to satisfy the increasing demand.”

For more information on units available at Bury St Edmunds, contact Steven Mudd on 01284 715 003 or [email protected].

Eddisons makes £1.8m property agency acquisition, strengthening Midlands operation

National property consultancy Eddisons has acquired commercial property firm Budworth Hardcastle in a £1.8m deal which significantly strengthens Eddisons’ presence in the region. The 18-strong firm operates from offices in Peterborough, Kettering and Northampton.

Budworth Hardcastle will integrate its team with Leeds-headquartered Eddisons, which has a network of 25 UK offices. The Midlands firm was established in the 1990s and has a strong reputation as a full-service agency with in-depth regional market knowledge.

The acquisition builds on Eddisons existing strength in the Eastern region where it has offices in Cambridge, Huntingdon, Bury St Edmunds and Peterborough. The combined team will be led by Eddisons director Steve Hawkins and provide a full range of property services.

Eddisons managing director Anthony Spencer said: “I am very pleased to welcome the Budworth Hardcastle team to Eddisons, which extends our footprint in Eastern England. They are a highly experienced team with a proven track record in delivering high quality professional advice. We continue to seek further opportunities for expansion across the UK.”

The addition of Budworth Hardcastle to Eddisons’ operation follows the firm’s acquisition of South Coast-based firm Daniells Harrisons earlier this year and East of England commercial property agency Barker Storey Mathews in 2019. Eddisons now employs over 360 people and is one of the UK’s fastest growing property consultancies.

Budworth Hardcastle director Mark Budworth said: “We have built up an unrivalled presence in the region through the passion of our talented team of people. We are excited to be joining Eddisons, and realising the opportunities that this deal presents.”

Prime Bury St Edmunds retail unit sold

Acting on behalf of the developer, the Bury St Edmunds office of Eddisons has completed the sale of a newly constructed retail unit on Tayfen Road.

The Lantern in Bury St Edmunds has been sold to a convenience store operator for £580,000 on 999 year long leasehold at a peppercorn rent.

The property provides a ground floor space of 3,061 sq ft with lengthy frontage onto Tayfen Road and is well located in a major redevelopment area close to the rail station and the historical centre of Bury St Edmunds.

For more information on retail units to let in Bury St Edmunds, contact Steven Mudd at Eddisons on 01284 715003 or [email protected].

Eddisons complete sale of The Rosery Country House Hotel and Restaurant

Eddisons has completed the sale of The Rosery Country House Hotel and Restaurant located in Newmarket to a private buyer.

The 16 bedroom hotel, set in a converted Victorian manor, dates back to 1800’s and has been restored over the years whilst retaining much of its historical character. The accommodation comprises a principal building together with a separate coach house and garden rooms. The property also features an array of dining and function rooms, a commercial kitchen and extensive mature gardens.

Situated in the village of Exning, the hotel is less than two miles from Newmarket, known for its international reputation as the headquarters of British horseracing and breeding. The location also offers great links throughout Suffolk and Cambridgeshire.

Ben Green, Director at Eddisons, commented: “We are delighted to have completed the sale of The Rosery Country House Hotel and Restaurant following good interest for this well located property”.

For more information on properties for sale in Newmarket, contact Ben Green at Eddisons on 01223 448791 or [email protected].