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Vail Williams

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The government’s expansion of Growth Deal funding for Local Enterprise Partnerships (LEPs) has been welcomed by commercial property experts at Vail Williams as an important boost to transport and business capacity.

In the south-east an extra £35.8 million has been invested in the Coast to Capital LEP between 2016 and 2021 on top of the £202.4 million of funding committed by the Government in July 2014.

The Solent LEP has had its original £124.8 million allocated for the region expanded to £151.9 million.

Peter Sudworth, Vail Williams Head of Valuation at its Gatwick office, reacted to the Coast to Capital LEP’s funding growth: “This significant injection of money from the government is a powerful boost for the infrastructure that our region’s jobs, investment and trade depend on.

“Our knowledge of the area suggests that there will be a particular welcome to improvements at Gatwick to the train services. In recent weeks Sussex commuter services have come under press scrutiny due to severe pressure from increased passenger numbers.

“Away from Gatwick, the continuing development of Burgess Hill is crucial to the Sussex economy. At Vail Williams we are actively involved with the delivery of 55, 741 square metres (600,000 square feet) of commercial space at the HUB Burgess Hill. The road improvements announced will help sustain the area as a commercial centre.”

Mr Sudworth added: “This extra Growth Plan investment also coincides with public consultation for the South East Airports Commission coming to an end. We look forward to a clear decision being made in the summer months following the general election.”

From Vail Williams’ Solent region, Partner Martin Tice added: “This extra investment is very welcome. Through working with our clients and our knowledge of the local area, we understand the progress that is possible in the Solent region through the Growth Deal.

“In particular, the £25 million allocated for a new National Maritime Centre of Excellence in Portsmouth will be a major boost for jobs and strengthen the maritime heritage in the city.

“Also, the £15.8 million over several years for the transport project to improve access to the Solent Enterprise Centre in Gosport will help to overcome the significant road access issues into the town. The £2.6 million for new technology to bring the motorway and local road system together is another welcome initiative.”

He also said: “I hope this extra money doesn’t mean that anyone thinks the job is done, however. David Cameron has set his sights on ‘full employment’ in the economy – but with the road infrastructure in the region already under severe pressure at peak times we’ll need more investment to help meet this goal.

“In addition, the rail link between Portsmouth and Southampton is in urgent need of investment to improve the journey time between the two cities and encourage people to choose rail over car.”

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Commercial property expert Vail Williams has welcomed a new Partner with nearly two decades’ experience to its Heathrow office.

Matt Clarke arrives at the company’s expanding base with a CV that includes a divisional directorship and 18 years of working in the commercial property sector.

He will be responsible for assisting clients with the acquisition and disposal of all types of commercial property in the Heathrow, Home Counties and Thames Valley region, and will also be part of the substantial business space team in Thames Valley

His experience includes a divisional directorship for a regional firm of chartered surveyors which focused on commercial property disposals across the UK but particularly in the M40 corridor and Thames Valley.

A highlight of Matt’s past successes was the acquisition of 47,500 square feet of office space for a pharmaceutical brand in Middlesex. He also has under his belt a string of business park lettings, brokering both office and industrial premises for institutional clients.

Vail Williams Partner Kevin Cook said: “Matt’s successful approach to commercial property is driven by his considerable experience in advising occupiers and landlords alike and having an in-depth knowledge of the regional market..

“Having Matt as another Partner to join our Heathrow office is a great addition to the expert services we offer. It shows how clients can be assured of knowledgeable and senior staff dealing directly with the property.

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A new laboratory and office base deal has been brokered by commercial property experts Vail Williams at The University of Southampton Science Park for an expanding international safety testing company.

It was the second biggest office letting in the Southampton area during 2014 and will see Chilworth Technology Ltd – which began 30 years ago in a single room at nearby Chilworth Manor – taking up 16,600 square feet of office and laboratory space at Phi House.

The premises have been taken back to a shell as part of a multi -million refit to install improved electrical systems and more effective insulation, heating and air conditioning.

The new accommodation will also be equipped with a whole new laboratory wing, almost doubling the capacity of the facility for process safety testing compared to Beta House, Chilworth Technology Ltd’s current base, which it has outgrown.

The new lease at Phi House is for 10 years and Chilworth Technology Ltd will take up residence in March. The company has been at the Science Park for the last 25 years.

Andy Gibbs, Vail Williams Associate, Business Space, said: “This is an excellent result for all parties, helping to unlock business growth and development. We’re very pleased our expertise and knowledge helped to bring them together.

“The deal shows that there is a lot of economic strength in this area which can be nurtured and encouraged with the right kind of commercial property arrangements to create jobs and investment.”

Vail Williams worked to broker the deal between its client, The University of Southampton Science Park, and Chilworth Technology Ltd and its agent BNP Paribas.

Chilworth Technology Ltd has pioneered process safety in the UK while sharing its testing, consulting and training expertise worldwide.

Headquartered in the UK, the company has branches in the USA, Italy, France, Spain and India, with laboratories in Southampton, Princeton in the US, and Shanghai.

Stephen Rowe, managing director of Chilworth Technology Ltd, said: “This move will enable us to increase our testing and consulting capacity to support our continued growth in a modern, purpose built, state-of-the-art facility.”

“Our parent company, DEKRA, is fully behind us and we are delighted to have their backing for the next phase of our evolution. Our choice to remain on the Science Park endorses the fact that the Science Park environment fits our brand exceptionally well. The new facilities that are being created at Phi House tick all the boxes.”

Peter Birkett, CEO of The University of Southampton Science Park, said: “It’s always a pleasure to see Science Park companies achieve such significant growth. Chilworth Technology is a great example of a small start-up that has grown into a significant force whilst on the park.”

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Acting on behalf of Glenmore Commercial Estates Ltd, Goadsby have already agreed sales on 5 units at the new Glenmore Business Park, Fancy Road in Poole.

Units 1-12 are the first phase and it is anticipated that they will be ready for occupation in the last quarter of 2015.

James Edwards, Divisional Director commented “It has been an excellent start to the marketing campaign with 5 sales already agreed.”  James continued “The scheme provides occupiers and investors with an excellent opportunity to purchase a unit with a high specification at an affordable lot size.”

Each unit extends to approximately 1,000 sq ft and the price per unit is £145,000 plus VAT.

Vail Williams are acting as joint agents.

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Commercial property expert Vail Williams has welcomed Department for Transport plans to upgrade the M4 into a ‘smart motorway’ from junctions 3 to 12,

The company, which has its Thames Valley headquarters in the M4 corridor, speaks with years’ worth of experience of working with clients across the region and beyond. The short-term pain of road works is well worth the long-term gain of economic development, said Vail Williams partner Kevin Cook.

In a formal response to the Highways Agency consultation ‘M4 junctions 3-12 smart motorway’, he explained: “Our Thames Valley headquarters is in the M4 corridor – at Thames Valley Park, Reading – so we know first-hand the problems that are caused when the motorway gets congested. It has reached capacity and that’s why we welcome this upgrade plan.

“Improving traffic flow and reducing the pressure on this major route is now a necessity both for commuters and businesses. Rush hour is the worst, obviously, but the motorway now regularly struggles to cope with the volume of traffic even during less busy times – and this harms trade.

“We see the economic impact of the M4’s regular congestion through our own experience and advising our many clients. Upgrading the M4 will help build a network ready for long-term development, growth and to attract businesses west from London, as well as giving better access to Heathrow – one of the world’s busiest airports.

“There is likely to be some short term pain while the road works are completed. Already, construction at junctions 8/9 and 10 has increased congestion, so we would like to see further details – such as whether the upgrade will be handled in phases or not.

“Despite concern over the impact of the road works, however, we support the long term economic opportunities and commercial gain from bringing the M4 back to being fully fit for purpose. It will be a boost for drivers, workers, residents and businesses.”

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The London office of commercial property expert Vail Williams is being reinforced with further blue chip experience as it welcomes the arrival of new senior management surveyor Nina Epstein.

Nina joins the expanding team at Cavendish Square with the experience and knowledge of a 13-year career supporting household names with their commercial/residential property and asset management needs.

She will be part of Vail Williams’ property asset management team working in the capital for a variety of clients ranging from institutional organisations to private investors.

Nina will focus on maximizing results from clients’ holdings through agreed asset management initiatives, as well as supporting a new client development programme to boost the comprehensive services already offered by Vail Williams’ London office.

Her past experience will be invaluable, having advised major companies including the Ropemaker Portfolio pension fund on behalf of BP, the Crown Estate, BAE Systems, ING, The Church Commissioners, Network Rail, Royal & Sun Alliance and 8th Earl Spencer Family Settlement.

Nina comes from the property management team at DTZ where she spent nearly four years in its City office. Working alongside fund managers, clients included National Grid and Imperial Tobacco.

Vail Williams partner Andrew Outterside said: “Nina brings to our clients a wealth of valuable experience and expertise from a 13-year career which includes working with some of the best known names in the British investment sector.

“The recruitment of high quality new team members like Nina underlines our strong and well-founded growth plans. We are committed to building the numbers and capabilities of our offices around the country – and London is no exception.”

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A public vote helped win commercial property experts Vail Williams’ Guildford office the title of Best Surveying and Professional Services Company at this year’s Surrey Property Awards.

The Vail Williams team was presented with the prestigious accolade at a ceremony held at G-Live in Guildford attended by about 400 property professionals from Surrey, Sussex and the Home Counties.

Former international rugby player and TV presenter Martin Bayfield presented the prizes which were decided on the combination of an online vote and the quality of comments from the public and fellow businesses.

In voting for Vail Williams, several of the nominations praised its staff for being “fun, professional, proactive and dedicated”.

Vail Williams’ award recognised the service delivery, market reputation and professionalism shown by the company’s disciplines operating within Guildford, Surrey and the Gatwick region.

The team was represented at the dinner on Thursday November 13 by Ashley Bell, Vincint Verster, Tom Spencer and James Lacey, who brought clients along to the dinner including Thakeham Homes, RBS, Abingworth Strategic and Birchwood Commercial.

The award ceremony was attended by some of the biggest names in the development and property industry, including Taylor Wimpey, Linden Homes, Savills and Knight Frank.

Vail Williams partner James Lacey said: “We were overwhelmed by the warmth of the comments from the public, fellow professionals and the members of the regional business community who voted for us.

“To be recognised by our peers reflects our standing as a growing, national company. It’s a source of great pride for us and something we can show to potential clients as evidence of what we can achieve for them.”

Vail Williams regional partner Martin Tice added: “This award is another boost for our growing reputation and it reflects the way our valuation, planning and development services all work together for our clients.”

The award follows other silverware won by Vail Williams in the Thames Valley and Solent regions – including Estates Gazette’s Individual Deal Maker award (scooped by Andy Gibbs in the Solent Business Space team in October), and the Thames Valley Best at Business award (presented as part of the unveiling of The Business Magazine’s Thames Valley 250 in July).

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Commercial property expert Vail Williams has welcomed back a former employee to its Heathrow office where he has become the company’s newest Partner.

Mark Jennings last worked for Vail Williams 17 years ago, and returns having built up valuable experience and expertise including development and investment in industrial, retail, office and residential sectors.

Clients will benefit in particular from his strong links to the airport property market, where Mark has acted for airlines, operators and Heathrow Airport Ltd, as well as associated developers and investors.

Mark’s industry insight in the Thames Valley and Heathrow markets has been extended  for the last 11 years having worked at Taylor Woodrow Developments, Chancerygate Business Centres and latterly Safestore.

Vail Williams Partner Kevin Cook said: “It’s great to have Mark back again at Vail Williams. He adds valuable experience and expertise in sectors that are crucial to the clients we’re working with in the Thames Valley and Heathrow region.

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Another company has chosen to relocate operations to Winnersh Triangle, near Reading, since the business park’s relaunch earlier this summer.

The latest brand to arrive is US-headquartered Manhattan Associates, an international market-leader in providing Supply Chain Commerce Solutions.

The company has moved from Bracknell to take up 11,300 square feet of Grade A office space at Winnersh Triangle in the refurbished E2 building on a 10-year lease.

The arrival is the latest in a series of new tenants since real estate investor PATRIZIA UK acquired Winnersh Triangle’s 1.3 million square feet of mixed-use accommodation in July 2013.

There are now more than 60 diverse companies with 3,000 employees on site. Names include Jacobs (UK) Ltd, Virgin Media, BMC Software, Microchip, Grant Thornton, Lloyds Bank, WH Smith and Bang & Olufsen (UK) Ltd.

Craig Sears-Black, Manhattan Associates’ UK managing director, said: “We’ve experienced strong growth in the UK in recent years with both local and global companies – in increasing numbers and from a variety of industries – choosing to deploy our market-leading Supply Chain Commerce Solutions.

“Manhattan’s move to Winnersh Triangle really marks a new era for our business here in the UK though. Providing a modern workplace and better reflecting the technology sector in which we operate, the new office will also accommodate the company’s future growth and allow us to better serve our UK customer base. In the coming months, we look forward to welcoming customers, prospects and partners to view our new facility and share our vision for Manhattan Associates and Supply Chain Commerce.”

Will Lawrie, asset manager at PATRIZIA, said: “We are delighted to welcome Manhattan Associates to Winnersh Triangle and wish them success in their new office premises. As the economy strengthens, more and more companies are seeing the business advantages of the park’s excellent transport connections, its high quality premises and first class facilities.”

The letting to Manhattan Associates was brokered through commercial property specialists Vail Williams, advising Manhattan Associates; and JLL, acted for PATRIZIA UK.

Amenities at Winnersh Triangle include a four-star hotel with conference facilities, a fitness centre, pool and spa, bistro, bar and restaurant. There is an additional 12 acres of development potential within the estate about which further announcements will be made.

The business park has its own Winnersh Triangle train station providing frequent rail services direct to central London and Reading. Junction 10 of the M4 is less than five minutes away and Heathrow is 30 minutes’ drive.

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A global business software company is poised for continued growth as it becomes the latest name to relocate to Winnersh Triangle since the business park’s relaunch this year.

Award-winning Invenio Business Solutions has chosen to expand to Winnersh Triangle from its former serviced premises in east Reading.

It will take up 2,611 square feet of office space on the first floor of 125 Wharfedale Road over an agreed 10-year lease, which comes with a five-year break clause.

The space and tenancy arrangement will give the company room to grow, as well as the benefit of Winnersh Triangle’s premier location, facilities and transport connections.

The arrival is the latest in a series of major new tenants since real estate investor PATRIZIA UK acquired Winnersh Triangle’s 1.3 million square feet of mixed-use accommodation in July 2013.

Will Lawrie, PATRIZIA asset manager, said: “Invenio is moving into one of the 100 series units at the front of Winnersh Triangle which make excellent premises for companies ready to make their move out of serviced offices.

“It’s great to welcome a new brand to Winnersh Triangle and we wish Invenio a successful future on the park. We are attracting both established and growing companies keen to seize the commercial advantage that our connections and facilities provide.”

Invenio’s managing director Partho Bhattacharya said: “Winnersh Triangle is a new and modern business park with all the facilities that a growing IT consulting organisation needs. We plan to expand in our new premises, and this office space augurs well with our recruitment plans.

“We’re pleased to be joining a number of other well established names at Winnersh Triangle and look forward to being part of such a vibrant business community.”

There are now more than 60 diverse companies with 3,000 employees on site. Big names include Jacobs (UK) Ltd, Virgin Media, BMC Software, Microchip, Grant Thornton, Lloyds Bank, WH Smith and Bang & Olufsen (UK) Ltd.

The deal between Invenio and Winnersh Triangle was brokered through commercial property consultancy Vail Williams.

Vail Williams associate Charlie Nicholson added: “We’re delighted to see Invenio take offices at Winnersh Triangle. Our close and in-depth knowledge of the local market ensures we can provide the best property advice and solutions for our clients.”

Amenities at Winnersh Triangle include a four-star hotel with conference facilities, a fitness centre, pool and spa, bistro, bar and restaurant. There is an additional 12 acres of development potential within the estate with further announcements to come.

The business park has its own train station providing frequent rail services direct to central London and Reading. Junction 10 of the M4 is less than five minutes away and Heathrow is only 30 minutes’ drive away.