Eddisons boosts Newcastle office with valuations director appointment Jason Smith

Eddisons boosts Newcastle office with valuations director appointment Jason Smith

National property consultant Eddisons has appointed Jason Smith to the new role of director, with responsibility for real estate and commercial valuations across the North East.

Jason, who has 20 years’ experience of commercial property valuation in the north of England, joins Eddisons from specialist property adviser Christie & Co where he worked for ten years as a director. During this time he has built considerable expertise in valuing trading businesses in the hospitality, leisure, healthcare, medical and retail property sectors.

He will be based in the firm’s growing Newcastle office, which saw two new surveyor appointments last year, and is also a fellow of the Royal Institution of Chartered Surveyors with a degree in Urban Estate Surveying.

In his new role, Jason will head Eddisons’ valuations business across the North East, managing assignments for loan security, transactional, legal and accounting purposes. His remit will include valuing commercial real estate and investments as well as trading businesses.

Eddisons’ national head of valuations, Anthony Spencer, said: “Jason brings in-depth knowledge of the North East market and his valuations expertise, especially in hospitality, healthcare and retail, will enable us to offer an even more impressive service to clients in sectors where Eddisons is already seeing increased demand.”

He added: “Our Newcastle office is going from strength to strength and this new appointment will boost our presence in the region still further.”

For further information on our Valuation practice, please click here.

Our Newcastle office is going from strength to strength and this new appointment will boost our presence in the region still further.

Written by: Anthony Spencer on Monday 25/03/2019

Eddisons Taking a Stand at Global Steel Exhibition in Turkey

Eddisons Taking a Stand at Global Steel Exhibition in Turkey

A team of metals processing experts from the industrial auction and valuation team at Eddisons will be attending a global exhibition in Turkey next month.

The Tube & Steel fair in the Turkish city of Istanbul brings together many of the world’s leading manufacturers, suppliers and agents operating in the metals processing sector, attracting over 10,000 attendees from over 170 countries around the globe.

Eddisons will be exhibiting in Hall 2 which focuses on Tube and Profile Manufacturers, but the event includes exhibitors from more than 80 countries and features industries from aerospace and energy, to food processing and construction.

Charles Moses, director at Eddisons said: “We are looking forward to exhibiting at this year’s Steel Fair in Istanbul as part of our strategy to grow our global steel equipment sales and valuation business.”

“Turkey is a real hub for the steel industry and the Tube and Steel Fair event brings together many global experts in the field. Given its significance in the global industry, Turkey is a key region for us strategically and this event presents an opportunity to meet face-to-face with some of our global manufacturing clients.”

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Eddisons has a strong track record of connecting buyers and sellers in the metals sector. Our expertise in Negotiated Sales offers clients in this sector a viable option when selling niche, complex or high-value assets, where markets and buyers are limited.

Recent successes for Eddisons in this sector include the sale of an Annealing and Pickling Line to Italy on behalf of a Turkish Steel Processor, the sale of a Japanese made Plate Mill in Haiphong, Vietnam to an Iranian Steel company, and the sale of a Rod & Bar Mill for an Austrian Steel Producer.

Turkey is one of the world’s leading steel exporters and connects markets across the European Union, Middle Eastern and North American countries. According to the Turkish Steel Exporters Association, its steel exports rose by more than 20 percent year-on-year to reach 21.4 million tons in 2018.

The event runs from April 17th to 20th. And the Eddisons team can be found at Hall 2, stand 202B.

RICS Publishes Guidance on Countering Bribery, Corruption and Money Laundering

RICS Publishes Guidance on Countering Bribery, Corruption and Money Laundering

RICS has published a series of statements relating to the interrelated issues of bribery and corruption, money laundering and terrorist financing, which it says “cut across our profession, regardless of geography or industry specialism”.

The institution’s stated aim in providing the guidance on these matters is to help chartered surveyors worldwide to identify and manage the risks of encountering unlawful or otherwise rogue activities in the course of their professional lives.

Statements given outline a series of mandatory requirements that will come into effect from September 1st 2019 and will apply to all RICS members and RICS-regulated firms on a global basis from that time.

However, if there are any local laws that contradict any of RICS’ statements in any particular parts of the world then the institution has said that that relevant legislation should take precedence.

On the subject of money laundering specifically, RICS points out that property purchases have the potential to be used by organised criminals to launder funds illegally acquired because these processes can effectively ‘clean’ significant sums of money from various sources in a single transaction.

“It is therefore critical that all professionals working in the sector are acutely aware of the issues and appropriately trained to identify and report any suspicions of money laundering,” the latest statements given by RICS explain.

RICS has also published a two-page document that can be downloaded online and that contains lists of “red flag indicators” of potential money laundering activities.

The organisation says that its profession needs to work closely with governments, supervisors and law enforcement agencies to effectively send a message to criminals that the property industry is consistently hostile to money laundering and any associated activities.

RICS has also said that it hopes to see the role of real estate organisations and the industry as a whole come to be more greatly appreciated on an international basis as playing a key role in efforts aimed at promoting responsible business agendas.

It is “important that the profession takes a leading role in ensuring that business interactions with the built environment are transparent and serve the public good,” RICS has said, adding that it is now working with the United Nations’ Global Compact organisation with those aims in mind.

Specialist Eddisons team begins demolition work for new £35m cancer centre

Specialist Eddisons team begins demolition work for new £35m cancer centre

A specialist team from Leeds-based property consultancy Eddisons has begun work on the demolition of a disused hospital wing to make way for a new £35m cancer care centre.

Demolition work at the former hospital block at the Cumberland Infirmary in Carlisle, which was opened by Princess Anne in the 1970s, started this week and is being led by Eddisons.

Appointed on behalf of North Cumbria University Hospitals NHS Trust to plan and project manage the controlled demolition, the Eddisons Building and Project Consultancy team was brought on board due to the complex and hazardous nature of the work.

Ian Harrington, National Head of the Building and Project Consultancy team at Eddisons, said: “Phase one of the project involves the controlled demolition of a 1970s wing of the building, which has stood empty for 18 years and contains high levels of asbestos.

“It’s a delicate process that has to be managed extremely carefully, as the disused tower block adjoins the busy working hospital and is amongst a complicated network of existing services and infrastructure. The site is also next to the VIE plant, where the hospital stores oxygen, nitrogen and other gases used in surgery – so it really is a balancing act.”

“Our team are very experienced in this area of work and are currently engaged in other areas of the country on similarly tricky projects.”

The demolition project is due for completion in April this year and the new cancer centre set to open in 2020. The state of the art facility will utilise the latest technology and provide a range of oncology services, including radiotherapy and chemotherapy, for cancer patients in northern Cumbria.

“We are all very excited to see the demolition progressing and we look forward to seeing the new centre come to life after years of planning,” said Suzanne Stanley, radiotherapy services manager at North Cumbria University Hospitals NHS Trust.

“Going to hospital can cause anxiety and getting treatment for cancer is scary. We hope this building will put people at ease by being in a relaxing and comfortable environment. The demolition of the tower block is the next milestone for us in improving cancer services.”

We are all very excited to see the demolition progressing and we look forward to seeing the new centre come to life after years of planning.

Eddisons acquires transport planning and design consultant Croft

Eddisons acquires transport planning and design consultant Croft

Eddisons has announced the strengthening of its professional services team with the acquisition of specialist consultant Croft Transport Planning and Design.

Based in Manchester, Croft was established in 2010 by director Phil Wooliscroft and provides highways, transport and traffic advice to clients in the public and private sectors. Its clients include major housebuilders, property developers, councils, and a range of commercial occupiers.

Croft employs 10 people and specialises in preparing supporting statements for planning applications as well as undertaking a range of advisory work including developing transport plans, network modelling and feasibility surveys.

Anthony Spencer, Partner at Eddisons, said: “I am very pleased to welcome the Croft team into Eddisons. The acquisition will enhance our professional services business, through widening the range of our specialist consultancy services and increasing the number of our clients.

“This is our fourth Eddisons acquisition since we joined the Group and we continue to seek opportunities for further growth, both organically and by strategic acquisition.”

Phil Wooliscroft, managing director of Croft, commented: “We’re excited to be joining Eddisons and the opportunities this brings. We wanted to find a partner that could assist us with developing our business on a national basis.

“There is a strong overlap with the sectors we operate within, and I look forward to delivering a more compelling proposition for our clients.”

The firm will integrate with Eddisons and form part of the group’s broader advisory services.

“This is our fourth Eddisons acquisition since we joined the Group and we continue to seek opportunities for further growth, both organically and by strategic acquisition.”

Written by: Anthony Spencer on Friday 01/02/2019

Pugh & Co launches innovative online auction platform

Pugh & Co launches innovative online auction platform

Leading property auctioneer, Pugh & Co, has launched an online-only auction service to complement its market leading room auctions.

The innovative online-only service sits alongside the firm’s market-leading room auctions and offers an additional level of flexibility for clients by providing a range of disposal methods and sales opportunities.

Powering the online-only service is a customised technology that utilises the proven bidding platform behind Auction Technology Group’s global Bidspotter operations, which has been used successfully within the Eddisons asset auctions team to transact over £40m of sales each year.

Paul Thompson, Managing Director at Pugh & Co, said: “Our highly acclaimed auction room sales remain vital to us and attract a broad spectrum of selling clients and investors. Alongside the continued growth of our room auctions we are delighted to now also offer the online-only auctions as an additional and complementary facility.

“This platform offers vendors a unique, additional route to market, with all the advantages of the room auction but with additional flexibility for clients whose timelines don’t suit the room auction and need a bespoke solution.”

Pugh & Co sells an extensive range of property from across the UK at its room auctions, which take place throughout the year at prestigious venues the AJ Bell Stadium and Elland Road football stadium in Manchester and Leeds respectively.

Through the online-only service, clients outside of core regions can benefit from the national expertise and one of the highest sales percentages offered, to cement interested parties while retaining the full transparency of a room auction.

Click here to view the online-only properties for sale.

Eddisons CJM win instruction to sell Rebar Mill in Izmir

Eddisons CJM win instruction to sell Rebar Mill in Izmir

Plant & Machinery Valuers & Auctioneers Eddisons CJM have won an instruction to market & sell a Steel Rebar Mill in Izmir, Turkey. The Mill which is owned by Turkish Steel Company Ozture Celik AS comes to the market as a result of the factory site being sold for redevelopment.

The Mill as currently configured will produce around 120,000 tonnes of rebar and other rounds 12-25mm diameter, using a 2-metre-long 130mm x 130mm billet for feed stock. Replacing the current billet reheat furnace to allow processing of longer feed stock would probably double annual mill output.

The Mill comprises Turkish built stands with mainly German motors and gearboxes. It was fully refurbished in 2009 and ceased operation about 2 years ago. It remains on foundation and under power.

Guide Price is USD €990,000 to include an extensive range of spares (stands, rolls and chocks) together with a comprehensive selection of drawings.

Further details from charles.moses@eddisonscjm.com

Prominent Liverpool development sold for £2.35m

Prominent Liverpool development sold for £2.35m

Regeneration of the prominent Liverpool city centre development Victoria House was given a significant boost last week, after property consultant Eddisons completed the sale of the troubled building to London-based developers.

Transformation of the notorious seven-storey former office building had stalled after previous owners Pinnacle Residential (Liverpool) Limited had fallen into administration, with a number of potential owners having handed over deposits.

The building, with planning permission for around 70 apartments, had been stripped to the shell prior to the administration. A national marketing campaign was launched to find suitable buyers for the property and generated significant interest.

The new owners intend to complete the transformation of the 27,000 sq ft building and refurbish to high-specification residential units.

Lisa Moxon Joint Administrator and Partner at Dow Schofield Watts, stated: “We are delighted to complete the sale of the property for the benefit of the bank involved and for the many parties who had paid deposits to Pinnacle on a number of the proposed flats.”

Robert Diggle, Director at Eddisons and agent for Dow Schofield Watts, said: “We’re delighted to complete the sale of this landmark city centre building and enable an empty building to be transformed.

“Significant interest was generated on a local, regional and national basis from a diverse range of end users, whose plans for the building ranged from developing for residential apartments to apart-hotel, hotel and office use.

“Buildings in Liverpool City Centre are highly sought after and demand a premium at this present time, and we’re pleased we have achieved an excellent price for the client.”

Aron Azouz of A R & V Investments Limited commented: “We are excited to add a significant, prominent building in Liverpool City Centre to our portfolio. We intend to carry out a comprehensive redevelopment of Victoria House and look forward to bringing a unique product to the market. Units will be available to rent from Summer 2020.”

The Eddisons agency team help a range of corporate, public and private sector clients with the full range of commercial property agency services – providing leasing & letting, acquisition & disposal, transactional property advice in order to obtain best value.

Click here to search available commercial properties.

 

Eddisons scores £2.5m hat trick of Leeds warehouse deals

Eddisons scores £2.5m hat trick of Leeds warehouse deals

 

 

Property consultant Eddisons has completed £2.5m of deals to sell three Leeds industrial and warehouse sites in under three months, after selling a 15,000 sq ft warehouse on Burley Road.

The 224 Burley Road property, owned by racking firm Sandring, completes the trio of deals and was bought this month for £490,000 by Leeds Property Rentals. The unit, which had recently lapsed planning consent for redevelopment to apartments, will be used by the business as storage space and a joinery workshop to service its rental properties in the area. The deal was supported by Handelsbanken.

Acting on behalf of security firm Loktec, in September Eddisons also sold a 9,000 sq ft purpose-built modern warehouse unit at Whitehall Cross for £710,000 to automated metal gates and doors business, Rolling Center. The company is expanding and relocating from its current premises in Hunslet.

Last month Eddisons sold 30,000 sq ft Anchor Works on Swinnow Lane in Bramley to fibreglass mouldings business MPM for £1.3m. Supported by Leeds City Council Economic Development team, the family business was looking for new premises after being hit by a devastating fire at its Pudsey factory in February. High?tech label?printing business Print Leeds relocated to the neighbouring Tanda Works unit 12 months ago, in a deal also led by Eddisons.

Eddisons agency team director, Steven Jones, said: “It is tremendously satisfying to be able to help businesses to grow by finding them the property they need.

“In the case of MPM it was essential that they found a suitable new premises enabling the business to get back to full-scale production after the fire sadly destroyed their factory, and they are now back to capacity in their new unit.”

He added: “We are seeing escalating demand for quality owner?occupied industrial and warehouse space in Leeds. In the right locations supply is struggling to keep up with demand.”

It is tremendously satisfying to be able to help businesses to grow by finding them the property they need.

 

Written by: Steven Jones on Thursday 22/11/2018

 

Gym group to create ‘mega gym’ after recent deal

Gym group to create ‘mega gym’ after recent deal

 

Eddisons have agreed a deal to let a 22,000 sq ft unit, enabling JD Gyms to open a new ‘mega-gym’ in Huddersfield.

Acting with joint agents Smart 4 on behalf of Albion Land, Eddisons secured the deal at St Thomas Road in Huddersfield, and the site is due to open in January 2019.

This will be JD Gyms’ 21st fitness centre as the firm rolls out a series of super-size new gyms in cities across the north of England, Scotland and the Midlands.

Purpose-built as a leisure facility in the 1990s, the property is also home to Mecca Bingo and Grosvenor Casinos, and a further 14,000 sq ft unit remains available to let.

Eddisons Surveyor Matthew Jennings said: “We have been liaising with JD Gyms for a while and it is great to be able to help bring such a fantastic facility to Huddersfield. St Thomas Road is an excellent location, just half a mile from the city centre and with plenty of parking. Not surprisingly we have also had a great deal of interest in the remaining unit.”

James Air, group acquisitions manager for JD Sports Fashion, said: “We have had a very good initial response to our early bird gym membership offers and Huddersfield looks set to be a thriving fitness hub for the local community.

“We will offer the latest equipment and classes within our high-end environment, with the benefits of easy access and free parking”.

Smart 4 director Oliver Church added: “The strength of Huddersfield as a prime location, and St Thomas Road in particular, is underlined not only by JD Gyms taking a new lease, but also by both Mecca Bingo and Grosvenor Casinos committing to their futures in the area by extending their lease terms.”

Eddisons Agency team help a range of corporate, public and private sector clients with the full range of commercial property agency services – providing leasing & letting, acquisition & disposal, transactional property advice in order to obtain best value.

To view available Agency properties please click here.

 

Written by: John Padgett on Monday 05/11/2018