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Vail Williams

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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.

32

Plans for an industrial site in Newbury are set to create 60 new jobs thanks to a redevelopment deal structured between Aviva Investors and commercial property experts at Vail Williams.

Travis Perkins Group has purchased the quasi office / industrial investment known as Silverbridge House on the Hambridge Road Industrial Estate. The site will be developed into a Wickes store and two other facilities under the Travis Perkins fascia.

Travis Perkins Group acquired the 0.88 hectare site on condition of gaining planning permission for a new 3,670-square metre unit divided into three separate business spaces, including mezzanine levels. The application was approved by West Berkshire District Council in June.

Vail Williams Associate Charlie Nicholson said: “This is great news for Newbury’s local economy because it creates jobs, builds on the UK’s economic recovery, and brings fresh investment and activity to the Hambridge Road area of Newbury.

“Before they have even been constructed, the three sub-units are earmarked for Wickes and the wider Travis Perkins Group of Companies. That’s a very satisfying turnaround for once empty premises whose layout and structure made it a big challenge in the recent economic environment.

“The industrial estate is perfectly placed for business: it’s near a train station, it’s surrounded by commercial operations, and occupiers can recruit from the skilled workforce in Newbury.”

The new unit will be divided into three. Wickes will occupy the biggest space (2,462 square metres). There will be two other 604-square metre facilities, both of which will be occupied by a Travis Perkins Group company.

As well as floorspace, the new development will feature external storage and display, servicing areas and parking for 67 cars and 18 bicycles.

Aqleem Khokhar, Senior Property Acquisitions Manager at Travis Perkins Group, said: “This is great news for Travis Perkins and for the wider area as it will bring jobs and business opportunities. The site is perfect for our operations and Vail Williams did an excellent job making sure the transaction progressed smoothly.”

43

Commercial property expert Vail Williams has added to its team in Birmingham as it continues to expand the business.

The fresh arrival follows last month’s cohort of new recruits consolidating Vail Williams’ growing operations around the country. They will help to serve a lengthening national roster of clients.

Joining the Birmingham office at Brindley Place and strengthening Vail Williams’ West Midlands offering is Associate Valuer Chris Worrall.

Chris specialises in valuations for trading/going concerns for secured lending purposes for banking and lending clients together with valuations for accounting and other purposes.

His in-depth commercial property expertise stretches back over a 15-year career and includes in particular the leisure, retail, healthcare and education sectors.

His career began at Pinders Professional and Consultancy Services (Christie Group) which he joined as a graduate surveyor, before moving on to become an in-house valuer based at Milton Keynes and then a National Business Appraiser and Valuer.

Vail Williams Partner and Head of the Birmingham office Chris Cave said: “It’s been an exciting time recently as our business has grown nationally and we’ve welcomed new recruits bringing a wealth of knowledge and experience for our clients. Chris is skilled in the area of trade valuations; a specialism that our clients have been asking us to provide, and we are delighted to be able to respond to their needs with his appointment.

“Chris strengthens our line-up of property experts serving the West Midlands. His arrival demonstrates very clearly how committed we are to offering our clients first rate property advice and solutions across all our regions.”

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Commercial property expert Vail Williams has added to its teams in Heathrow, Reading and Guildford as it continues to expand the business.

The fresh arrivals follow last month’s cohort of new recruits consolidating Vail Williams’ growing operations around the country. They will help to serve a lengthening roster of clients in the Heathrow, Thames Valley and Surrey areas.

Arriving at Vail Williams’ new Heathrow office at Capital Place in Bath Road, next to the airport, is Marcus Smith. He joins as Associate in the Business Space discipline covering the Heathrow and Thames Valley areas.

With 16 years’ experience, Marcus specialises in the disposal and acquisition of office, industrial and mixed-use schemes across west London and the Thames Valley for occupiers and landlords.

Joining the Guildford office as Associate is Thomas Spencer who focuses on Valuation services. With a decade of experience, he has worked with major lenders, residential developers and public sector clients such as Surrey Police.

Previous roles have included work on valuation, residential development agency and asset management development surveying, housing enablement, and general practice surveying. He will cover the Surrey area.

Vail Williams Partner Kevin Cook said: “It’s been an exciting time recently as our business has grown nationally and we’ve welcomed new recruits bringing a wealth of knowledge and experience for our clients.

“Marcus and Thomas strengthen our already formidable line-up of property experts. They demonstrate very clearly how committed we are to offering our clients first rate property advice and solutions across all our regions.”

25

Local chilli sauce producer Thousand Hills Limited has taken a 2,500 sq ft unit at Unit 6 Bridge Industries in Fareham. Commercial property consultancy Vail Williams acted on behalf of the landlord Sumner Properties Limited.

Unit 6 Bridge Industries recently underwent a comprehensive refurbishment and the letting sees Thousand Hills Limited take a new three-year lease.

Thousand Hills, which boasts a Royal Navy sauce range, produces chilli sauces (initially based on Rwandan recipes) ranging from ultra-mild heat up to flaming hot! Head of Operations Nathanael Boarer said: “We are very pleased with our new unit – it will enable us to increase output of all our range, which can be purchased online at www.thousandhills.co.uk.”

Vail Williams surveyor Leanne Channon said: “Our client is delighted that Thousand Hills Limited has chosen Bridge Industries as its operational base. The unit had recently been refurbished and demonstrates that tenants are seeking good quality units ready for occupation.”

Profits from the Royal Navy chilli chutney sauces are being donated to The Royal Navy and Royal Marines Charity, the principle charity of the Royal Navy.

25

A national recruitment drive in response to increasing demand and powerful business growth has brought a fresh cohort of experts to commercial property consultancy Vail Williams.

Appointments and promotions at senior and junior levels have been made at Vail Williams’ offices in Guildford, Crawley, Reading, Southampton and London, reflecting the expanding company’s commercial success around the country.

A total of 18 new faces, promotions and transfers across Vail Williams have boosted key services: planning and building consultancy, valuation, lease advisory and property asset management.

Vail Williams’ confidence to strengthen further its expert and experienced teams provides more evidence of the continued upswing of activity in the property sector and the UK economy more widely.

The firm’s London office has welcomed new partners Richard Dawtrey and Graham Saunders.

Richard joins Vail Williams’ investment team, with responsibility for the acquisition and disposal of commercial investments throughout the UK. He has 15 years of property investment experience and has completed more than 500 transactions within the office, industrial, retail and leisure sectors.

Graham leads Vail Williams’ valuation business in London. He joins from Cushman and Wakefield and brings with him a wealth of experience and success developed in the London valuation market.

Planning experts joining Vail Williams’ Guildford office include Associate Planner Vincint Verster – a Chartered Town Planner with more than 11 years’ experience, who comes from Boyer Planning Ltd where he was Senior Planner. Also joining the Vail Williams team in Guildford is Administrator Candice Sweeney.

Arriving at Vail Williams’ Reading office is Associate Peter Fry, whose commercial property career spans almost 24 years. Peter has specialised in valuation since 1994, and will cover the Thames valley, west London and M40 regions. Graduate Planner Sarah Isherwood also joins the Reading office.

Marie Newman has joined the Southampton office as an Associate, in the valuation team with a focus across the Solent region. Marie has 20 years’ experience in valuing commercial property, residential land and investments for corporate and private clients. In Crawley, Vail Williams welcomes Graduate Planner James Guthrie.

A series of promotions and transfers has also strengthened Vail Williams’ teams around the country.

In Southampton, Mike Greenwood is promoted to Partner, Valuation, and Russell Miller moves up to become Partner, Law of Property Act Receivership. In Birmingham, Paul Arnell has been promoted to Partner, Valuation. Meanwhile, Ben Christian is promoted to Planner in Southampton; Jen Sanders to Senior Planner in London; and Emma Bourke to Surveyor (Level 2) in property asset management, also in London.

Vail Williams Chief Executive Ian Rudland said: “The talented new recruits we are welcoming, and the well-deserved promotions are a clear sign of how Vail Williams is powerfully growing as a business.

“Our aim is to offer our clients business-centred property solutions that directly support their business needs; this requires our team to have both the relevant skills and experience to draw upon. Town planning, building consultancy, valuation, lease advisory and property asset management are key sectors for us.

“Our growth is in evidence around the country and we are building that capability on each office’s deep local knowledge and expertise. We are now even better equipped to call on expertise for every situation wherever it is. Our future is very bright.”

37

A national recruitment drive in response to increasing demand and powerful business growth has brought a fresh cohort of experts to commercial property consultancy Vail Williams.

Appointments and promotions at senior and junior levels have been made at Vail Williams’ offices in Guildford, Crawley, Reading, Southampton and London, reflecting the expanding company’s commercial success around the country.

A total of 18 new faces, promotions and transfers across Vail Williams have boosted key services: planning and building consultancy, valuation, lease advisory and property asset management.

Vail Williams’ confidence to strengthen further its expert and experienced teams provides more evidence of the continued upswing of activity in the property sector and the UK economy more widely.

The firm’s London office has welcomed new partners Richard Dawtrey and Graham Saunders.

Richard joins Vail Williams’ investment team, with responsibility for the acquisition and disposal of commercial investments throughout the UK. He has 15 years of property investment experience and has completed more than 500 transactions within the office, industrial, retail and leisure sectors.

Graham leads Vail Williams’ valuation business in London. He joins from Cushman and Wakefield and brings with him a wealth of experience and success developed in the London valuation market.

Planning experts joining Vail Williams’ Guildford office include Associate Planner Vincint Verster – a Chartered Town Planner with more than 11 years’ experience, who comes from Boyer Planning Ltd where he was Senior Planner. Also joining the Vail Williams team in Guildford is Administrator Candice Sweeney.

Arriving at Vail Williams’ Reading office is Associate Peter Fry, whose commercial property career spans almost 24 years. Peter has specialised in valuation since 1994, and will cover the Thames valley, west London and M40 regions. Graduate Planner Sarah Isherwood also joins the Reading office.

Marie Newman has joined the Southampton office as an Associate, in the valuation team with a focus across the Solent region. Marie has 20 years’ experience in valuing commercial property, residential land and investments for corporate and private clients. In Crawley, Vail Williams welcomes Graduate Planner James Guthrie.

A series of promotions and transfers has also strengthened Vail Williams’ teams around the country.

In Southampton, Mike Greenwood is promoted to Partner, Valuation, and Russell Miller moves up to become Partner, Law of Property Act Receivership. In Birmingham, Paul Arnell has been promoted to Partner, Valuation. Meanwhile, Ben Christian is promoted to Planner in Southampton; Jen Sanders to Senior Planner in London; and Emma Bourke to Surveyor (Level 2) in property asset management, also in London.

Vail Williams Chief Executive Ian Rudland said: “The talented new recruits we are welcoming, and the well-deserved promotions are a clear sign of how Vail Williams is powerfully growing as a business.

“Our aim is to offer our clients business-centred property solutions that directly support their business needs; this requires our team to have both the relevant skills and experience to draw upon. Town planning, building consultancy, valuation, lease advisory and property asset management are key sectors for us.

“Our growth is in evidence around the country and we are building that capability on each office’s deep local knowledge and expertise. We are now even better equipped to call on expertise for every situation wherever it is. Our future is very bright.”

29

Commercial property experts at Vail Williams have been chosen to advise on a prestigious development proposal on Portsmouth’s waterfront and transform a run-down office building into stylish new homes, student accommodation and shops.

The major development on the Hard, near Gunwharf Quays Shopping Centre, has been submitted to the city council’s planners by Vail Williams on behalf of Bouygues Development Limited.

The scheme is to replace a derelict 13-storey vacant office building with a landmark 40-storey tower delivering 329 residential flats, accommodation for 512 students and 940 square metres of retail floorspace as a lively frontage onto the Hard.

The plans also contain proposals for Havant Street car park, currently a surface car park, to become multi-storey. The comprehensive regeneration potential of both sites has been highlighted previously by Portsmouth City Council’s planning guidance for the Hard.

Vail Williams associate David Ramsay said: “This is a significant proposal for Portsmouth’s famous waterfront, bringing investment and jobs. We’re committed to working with Portsmouth City Council and Bouygues Development, focusing our expertise on securing the very best development for the site and ultimately the city.

“This landmark building is one of a number of large sites we are working on as a team, using our regional presence, local knowledge and depth of market experience.”

For the submission, Vail Williams’ planning team has played a key role working with Bouygues Development in compiling and submitting the planning application following detailed pre-application discussions with Council officers.

The Vail William’s team will continue to provide planning advice and support during the determination period, monitoring the application’s progress and planning policy requirements.

20

National waste logistics company HIPPO has taken the last remaining unit at Blueprint Industrial Estate in Portsmouth. Commercial property expert Vail Williams acted on behalf of the landlord Glen House Estates.

The deal sees HIPPO, which provides bespoke and reliable waste solutions to help business and domestic customers reduce their costs for waste disposal, take a new six-year lease on the 8,386 square feet unit which is located at Portsmouth’s best-known industrial location.

“HIPPO experienced record growth in 2013, collecting our millionth HIPPOBAG which resulted in the need for us to expand our logistics operation to aid the expansion of the business,” commented HIPPO managing director Gareth Lloyd-Jones. “Vail Williams offered us an ideal business solution with this property; with both office and warehouse space it will allow us to continue to grow.”

HIPPO also has an office at the prestigious 1000 Lakeside in North Harbour, Portsmouth. This scheme is now fully let following the recent agreement with Wiggle, brokered by Vail Williams and other joint agents.

Vail Williams surveyor Leanne Channon said: “Our client is delighted that HIPPO has chosen Blueprint as its operational base. The unit had recently been refurbished and is one of only a handful with a large rear yard, so it suits HIPPO’s needs perfectly.”

24

A thriving home-grown company has expanded its headquarters into Portsmouth’s leading business address at Lakeside North Harbour.

In a landmark deal brokered on behalf of Highcross by commercial property experts at Vail Williams and Hughes Ellard, Wiggle, one of the world’s leading sports retailers, has taken up 10,000 square feet at 1000 Lakeside with a further 7,500 square feet in solicitor’s hands.

It’s a significant moment for Wiggle which can trace its origins back to the 1920s. It has developed from a single shop in Highland Road into an award-winning company supplying equipment for a range of sports and employing over 400 people.

The arrival of Wiggle leaves just 16,000 square feet left to fill at 1000 Lakeside, which in recent years has become the city’s commercial heartland. There are also design and build options on the site.

It already hosts big names such as The Southern Co-operative, Capita, Coffin Mew, Hippowaste, Handelsbanken, Babcock and Regus. A new Porsche dealership has also opened at the business park.

The move signifies Wiggle’s expansion from its former pair of Portsmouth offices in North Harbour Road and Southampton Road.

Vail Williams Associate Philip Holmes said: “Moving into this kind of prestigious premises is a significant moment for Wiggle, which deserves all its success. It shows how Portsmouth’s infrastructure can retain dynamic operations.

“Arriving at 1000 Lakeside means Wiggle now have all the advantages of location, facilities and the deal-making atmosphere that is generated among so many thriving businesses.”

Wiggle CEO Stefan Barden said: “We’re delighted to boast 1000 Lakeside as our new base which will provide us with the facilities and space we need for the next stage of our business’s growth.

“Portsmouth is our home town and we’re very grateful to Vail Williams for the expertise and effort they put in to secure us such an excellent location.”

Vail Williams and Hughes Ellard represented Lakeside owner Highcross in the transaction. Wiggle was advised by Tony Lewis Surveyors Ltd.

Vail Williams played a key role in the transformation of the Lakeside North Harbour business park advising property fund manager Highcross on the acquisition of the site in 2005, providing planning advice for the now consented master plan for development of 1 million square feet of commercial space, rating advice and business space agency for the offices and other land uses.