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Vail Williams

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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.

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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.”

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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.”