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NORTH WEST PROPERTY AWARDS 2016 PREVIEW SPONSORED BY A RECORD-BREAKING YEAR FOR REGIONAL PROPERTY Capita Real Estate O ver the next pages, Insider before. Two separate pre-judging chosen after Insider spoke to is taking a look at the sessions were held with a series more than 50 property experts. schemes, professionals of industry experts giving their More than one company may and developers from across verdicts. No votes were cast but have been involved in the same the region in the running to win their comments were fed into the deal. In the main, the company at our prestigious North West official judging process. named in the shortlist submitted Property Awards 2016. A record number of entries the entry. With 15 hard-fought catego- highlighted the strength of the So here is the shortlist and ries, plus the coveted Property property industry across the re- well done to all those who have Personality of the Year, the gion – a strength that continues made it! The winners will be ceremony is a sell-out event to build in all sectors. The judges announced at a dinner at Man- attracting an audience of more were left with tough decisions in chester Central on Thursday 12 than 1,000 guests. all the categories and the debate May – the same day as Insider’s The judging process for this was lively and vigorous. annual Business of Property year’s record-breaking Insider The only award not picked by Conference. Property Awards was stronger the judges was the Property Per- The official Twitter hashtag for and more rigorous than ever sonality of the Year, which was the event is #insiderNWprop Meet the judges DRINKS RECEPTION SPONSORED BY ANDREW PHILIP NELL DARREN DEBORAH STEVE PARK JOHN ATKINS KAREN HIRST DICKMAN fund director, JONES MCLAUGHLIN managing managing development director, Hermes director of executive director, director, director, DB Symmetry Investment economic director, Warrington Atkins regeneration, development, North West, & Co Property Salford City NETWORKING BOOKLET SPONSORED BY Oldham Homes and Council Council Communities Agency p45-47 Property Awards Preview.indd 47 05/05/2016 12:31
working with people designing buildings creating places www.buttress.net @buttressarch www.linkedin.com/company/buttressarchitects architecture | heritage | urbanism advert2.indd p48-63 NEW 8Property Awards Preview.indd 48 14/04/2016 15:57:12 05/05/2016 12:32
ARCHITECTURE PRACTICE OF THE YEAR SHORTLIST Architecture practices on commercial projects have made big contributions to developments in terms of design, deliverability and control of costs 5PLUS AEW Pozzoni’s Citygate Court, Manchester BUTTRESS ARCHITECTS FALCONER CHESTER HALL FLETCHER-RAE LEACH RHODES WALKER POZZONI SHEPPARD ROBSON Q uality designs are is also working on the ambi- urban square, which it fronts, and coming off the drawing tious Bridge Street mixed-use responds to both in its design boards of the region’s ar- regeneration vision to transform and planning. chitects as they continually raise Warrington town centre. The scheme references its the bar and deliver impressive Successful housing projects context and the high-quality buildings with a wow factor. were also well represented in development sits comfortably The breadth of work on display the portfolios of stand-out work within and enhances the her- impressed the judges – with by shortlisted practices. These itage of the conservation area; showcase projects across the included Leach Rhodes Walkers’ strengthening the urban setting North West. And it’s not just tall Clippers Quay in Salford, a pri- of the church and establishing buildings attracting attention. vate rented scheme creating the residential community. In retail and leisure they “a new location and destination.” The work of 5plus in the resi- include 5plus’s vision for Man- Buttress Architects’ striking dential sector also included Cir- SPONSORED BY chester Corn Exchange, which Timekeepers Square is a new cle Square – its team designed has reconnected this heritage development of 36 two, three the residential capacity study asset back to the city, as well as and four-bedroom houses on that supported Bruntwood’s Leach Rhodes Walker’s striking a central site in Salford for the acquisition of the former BBC and bold “next generation” of English Cities Fund. The site is site in Manchester – and 10-12 retail parks at Handforth Dean adjacent to the neoclassical St Whitworth Street, high-quality, in Cheshire East. The practice Philips Church and the Georgian deliverable accommodation 57:12 p48-63 NEW Property Awards Preview.indd 49 05/05/2016 12:32
We are delighted to be shortlisted for Architects delivered within the Wirral Waters Enterprise Practice of the Year for Insider’s Property Awards. Zone, Birkenhead. Double Tree Hotel by Hilton, a Congratulations and good luck 4* luxury boutique hotel in the heart of Liverpool’s to everyone nominated for an award this year. business district. The Listed Heaps Mill complex at southern Liverpool Docks, a PRS development Falconer Chester Hall is an award-winning of 800 homes and 12,000 sq ft of leisure and retail architectural and interiors practice with an units, ranged around a new public space called international reputation. We have offices in Baltic Square for Inhabit. Liverpool, London and Kuala Lumpur, and will be opening in Manchester soon. Our projects Working with Moda Living to design an exciting new include: The 50,000 sq ft Tower Wharf commercial residential development, Princes Reach, as part of office building. The first development to be the regeneration of Princes Dock, Liverpool. Liverpool London Kuala Lumpur T. +44 (0)151 243 5800 T. +44 (0)203 137 7393 T. +(0)603 2698 1181 www.fcharchitects.com p48-63 NEW Property Awards Preview.indd 50 05/05/2016 12:32
targeted at the private rental Buttress Architects’ Timekeepers Square market. The industrial and logistics sector was well represented, showcasing the versatility of architecture practices in the North West. Fletcher-Rae’s work on the £80m relocation of clothing and homewares retailer Matalan to the former Petrolite site at Know- sley – a 135,000 sq ft headquar- ters plus a logistics facility of more than 600,000 sq ft – was among the stand-out projects. So, too, was its work on Peel’s Pozzoni removed the front appearance of the streetscape, Port Salford project – a £16m façade of the Mosley Street and internally glazed elevations logistics facility for Cullina with its office in its entirety, stripping flood the building with light. bold external cladding. the building back to its original Falconer Chester Hall’s strong Office designs that caught the structure. portfolio of work on Merseyside eye included Pozzoni’s Citygate A new façade was construct- also caught the eye, not least Court development in Manchester ed with floor-to-ceiling glazing, its designs for the £8.6m – its contemporary design trans- minimalist clean lines and a Tower Wharf commercial office forming a 36-year-old address feature frame to the two top development, which is the first and bringing it back to life as storeys. The improvements have building within the Wirral Waters dynamic office building. dramatically changed the enterprise zone. www.lrw.co.uk GRAINGER TRUST/AMSTONE VENTURES MAG PROPERTY ACCOR CPG 614 PRS APARTMENTS, SALFORD – ON SITE AIRPORT CITY 350 BED HOTEL CANARY WHARF, 38 STOREY 220,000 SQ FT NEW RETAIL PARK, PLANNING APPROVED NOVOTEL – ON SITE HANDFORTH – ON SITE Multi-award winning North West based Architectural practice Specialists in: Architecture Hotels Student Residential Masterplanning Masterplanning Retail Airports Industrial Interior Design Offices Leisure Public Sector 3D/Graphics Residential MSCP’s Implementation MUSE DEVELOPMENTS £70M TOWN CENTRE REGENERATION ON SITE m p48-63 NEW Property Awards Preview.indd 51 05/05/2016 12:32
Expert providers in alternative funding. Shortlisted for Property Funding Team of the Year at this year’s Insider NW Property Awards. Let us work for you and your clients throughout 2016. togethermoney.com For professional use only. Together is a trading style of each of the undernoted companies, which have their registered office address at Lake View, Lakeside, Cheadle, Cheshire SK8 3GW. Auction Finance Limited is registered in England and Wales - Company Registration Number 04949929. Blemain Finance Limited is registered in England and Wales - Company Registration Number 01185052. Blemain Finance Limited is authorised and regulated by the Financial Conduct Authority in respect of second charge loans secured on residential property. In respect of regulated mortgage contracts, Blemain Finance Limited is an Introducer Appointed Representative of Cheshire Mortgage Corporation Limited, which is authorised and regulated by the Financial Conduct Authority. Bridging Finance Limited is registered in England and Wales - Company Registration Number 03166982. In respect of regulated mortgage contracts, Bridging Finance Limited is an Introducer Appointed Representative of Cheshire Mortgage Corporation Limited, which is authorised and regulated by the Financial Conduct Authority. Cheshire Mortgage Corporation Limited is registered in England and Wales - Company Registration Number 02613335. Cheshire Mortgage Corporation Limited is authorised and regulated by the Financial Conduct Authority - Firm Reference No 305253. Lancashire Mortgage Corporation Limited is registered in England and Wales - Company Registration Number 02058813. In respect of regulated mortgage contracts, Lancashire Mortgage Corporation Limited is an Introducer Appointed Representative of Cheshire Mortgage Corporation Limited, which is authorised and regulated by the Financial Conduct Authority. 1284 Insider p48-63 NEW Ad 297x210mm.indd Property 1 Awards Preview.indd 52 14/04/2016 05/05/2016 11:12 12:32
PROPERTY NEWCOMER OF THE YEAR SHORTLIST A host of newcomers to the property scene are leading the field with innovation and forward thinking – creating their own Northern Powerhouse PARAGON PLACEFIRST I n just three years, PlaceFirst has made a name for itself METIS REAL ESTATE ADVISORS as one of the most inclusive AHERNE PROPERTY property development companies CONSULTANTS in the country. Working at the toughest end of the housing market, it is delivering well-de- signed, high-quality, energy-effi- cient homes in some of the most blighted neighbourhoods. Its aim is to turn streets of empty properties across the north into aspirational homes for rent that bridge the gap between home ownership and social housing. And it is delivering those homes in towns and cities including Liverpool, Accrington and Morecambe, where it is working in the resort’s West End restoring grand old buildings that Ashton Old Baths have fallen into sad decline. PlaceFirst’s target is to build and let 1,000 homes by 2019, Paragon is another rising advice to occupiers, landlords, and it is working with Liverpool star. Less than 12 months since investors and developers across on its empty homes challenges. opening, the Manchester office the UK. The agency and profes- The group has also saved of Paragon Building Consultancy sional teams specialise in the the finest Victorian municipal – the firm’s first outside London retail and leisure sectors, and swimming baths in the country – has become a ten-strong the investment team cover all in Ashton-under-Lyne, designing team with turnover exceeding its property types and also provide a cool digital workspace. It offers three-year business plan. development funding advice. more than 6,000 sq ft of flexible, The Manchester team has It is advising on more than 30 funky office space with break-out carried out pre-acquisition build- schemes, from large mixed-use spaces and a rooftop terrace that ing surveys on assets valued in developments to small rede- span its length and open to the excess of £1bn since May 2015. velopments of Grade II listed main pool hall. At One New Bailey in Manchester, buildings. Between January and the team is project monitoring December 2015, Davies and on behalf of Legal & General, the team had clocked up more One New Bailey and for Tristan Capital at The than 50 restaurant lettings in Embankment in Greengate. The the North West. It has also been team also project managed the creating value by reinvigorating refurbishment of Dakota House, underperforming schemes. a 45,000 sq ft office near the Aherne Property had a strong SPONSORED BY airport, and two new Easy Hotels first 12 months. Among its many in Manchester and Liverpool. highlights was the acquisition Metis Real Estate Advisers of Frontier Park in Blackburn for began life in May 2015 with Dan Euro Garages, plus transac- Davies, Paul Jones, Stephen Tre- tions for household names that genza and Jonathan Mills. It was included Boohoo, Silentnight and created to provide independent Hermes Parcelnet. 11:12 p48-63 NEW Property Awards Preview.indd 53 05/05/2016 12:32
01772 769000 www.pinkus.co.uk Lancashire’s Commercial Property Experts Danny Pinkus Mark Harrison 01772 766683 01772 766682 danny@pinkus.co.uk mark@pinkus.co.uk Joe Assalone Robert Pinkus 01772 766685 01772 769000 joe@pinkus.co.uk rob@pinkus.co.uk Most Active Agent Lancashire & Cumbria Follow us Deals Winner or Runner Up 2009-2015 Blackburn Cathedral Quarter In partnership with Blackburn with Darwen Council, HCA and Blackburn Cathedral Tower Wharf Engineering Building PROUD TO BE SHORTLISTED FOR Lancaster University CONTRACTOR OF THE YEAR AND PUBLIC SECTOR TEAM OF THE YEAR the complete solution for all your property needs > Construction Sceptre House > Development Sceptre Way > Design & Build Bamber Bridge Preston, PR5 6AW > Civil Engineering Tel: 01772 698822 > Property Investment Fax: 01772 628811 Email: info@ericwright.co.uk > Facilities Management www.ericwright.co.uk Eric Right 67257_proof1.indd 1 13/04/2016 12:22 p48-63 NEW Property Awards Preview.indd 54 05/05/2016 12:32
COMMERCIAL FIT-OUT/REFURBISHMENT SHORTLIST Standout workspaces are crucial for companies to attract and retain the best talent. We look at the fit-out and refurb specialists responsible 127 PORTLAND STREET (BRUNTWOOD) C reating communities, 55 Spring Gardens 55 SPRING GARDENS building brands and (CBRE GLOBAL INVESTORS) inspiring workers: those are the aims of most commercial EXCHANGE QUAY fit-outs or refurbishments, espe- (HUNTER REAL ESTATE cially when the battle to attract INVESTMENT MANAGERS) and retain staff continues to rage and the working environment 35 FOUNTAIN STREET could be the difference between (OBI PROPERTY) winning and losing that fight. REGATTA Offices are more than just a (SPACE INVADER place where people come to work daily. They are an extension & FLETCHER RAE) of a company’s identity, ethos CITYGATE COURT and values – a fact recognised (STYLES & WOOD) by this impressive shortlist. It includes 127 Portland Street, UNITED UTILITIES a 30,802 sq ft office building in reception height doubled to cre- The landscape includes trees, (CLAREMONT) West Village – a community of ate “a modern and memorable” plants, boardwalks, a wooden creative businesses. Bruntwood feature. A collaborative amenity pavilion and a central ‘campsite’ looked to inject a sense of arrival space for tenants to share was where employees can eat, meet – with ‘thinking space’ for cus- also incorporated”. and collaborate. The designers tomers to gather their thoughts A media wall and lounge with took inspiration from Regatta’s before a busy day in the office. innovative use of lighting, audio- ‘great outdoors’ brand. Its communal spaces have visual and sound systems have Claremont’s brief for its floor-to-ceiling curtains, different proved popular with occupiers refurbishment of United Utilities’ textures, colours and finishes “promoting communication and Haweswater House in Warring- throughout. Workspaces were creating unplanned encounters”. ton was to open up the lines of stripped back to expose the This main lounge is the show- communication in a less formal original features. Exposed bricks, room for all the occupiers within way and to inspire its people. beams and original wooden the broadband-enabled building. A series of ‘sky pods’ – small flooring created the perfect blank A roof terrace and top floor meeting rooms overlooking the canvas for customers. penthouse has also added to ground floor – is distinctive. A 5,200 sq ft duplex on the top the transformation along with a There’s a a plethora of informal floor is linked with an ornate spi- concierge service that equals meeting spaces, allowing teams ral staircase and a purpose-built anything found in city centre to discuss projects away from treehouse for meetings. There’s hotels. Half the building was let their desks. And branded wall also a slide with a ball pit, a prior to completion. graphics, based on water and mezzanine level with a games In Trafford Park, Regatta Group people, along with recessed room, a bar and fully glazed appointed SpaceInvader and spaces for integrated digital meeting rooms. Fletcher Rae Architects to create schemes, provides a high-tech In Manchester’s central its new base. In a striking con- way of bringing the brand to life business district, CBRE Global version of the company’s existing when customers visit. SPONSORED BY Investors transformed 55 Spring warehouse, originally built as an Exchange Quay is now has Gardens. What was once dark, arms factory, the company now “a spirit of modernity and colour”, dated and “compromised” by low has a grade A office complete and OBI Property’s fit-out of 35 suspended ceiling heights has with showrooms and design Fountain Street for Rentalcars. become a “light, airy, bright and workshops. The biggest test com was also selected for such flexible” building. The entrance was to make the 60,000 sq ft a demanding brief, testing times- Capita Real Estate façade was redesigned and the floorplate feel “human”. cales and site restrictions. p48-63 NEW Property Awards Preview.indd 55 05/05/2016 12:32
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PROPERTY LAW FIRM OF THE YEAR SHORTLIST Competition is as fierce as ever in the legal world, evidenced by the sheer number of firms in the running to win Insider’s prestigious award ADDLESHAW GODDARD GATELEY T he strength of the region’s Old Fire legal sector was evident Station JMW SOLICITORS by there being more sub- KUITS SOLICITORS missions for this category than any other. NABARRO Manchester was named as the most important city outside PINSENT MASONS London in terms of the number SHOOSMITHS of legal offices and fee-earn- ers, in a report earlier this year. WEIGHTMANS And its law firms were certainly busy working on the large-scale development projects emerging on the city skyline. Addleshaw Goddard advised on Circle Square, Manchester JMW’s highlights included the Pinsent Masons’ Manchester Business School and Angel refinance of the Lime Square De- team also makes the shortlist Gardens, plus the St Michael’s velopment in Manchester on be- for assisting Ardstone Regional mixed-use scheme – a joint half of Openshaw Regeneration. Office Fund on the acquisition of venture between Beijing Con- Across the Pennines, the team the Grade II-listed office building struction and Engineering, Ryan advised Stocksbridge Regener- Pall Mall Court in King Street. It Giggs, Gary Neville and Rowsley. ation on a £40m development also advised Aviva on its regen- The firm continued its involve- mixed-use scheme in Sheffield. eration of the Corn Exchange. ment at Omega in Warrington, Kuits acted on the acquisition Shoosmiths acted for Allied completing on the 690,000 sq of the former Pontin’s holiday London on the St John’s regen- ft distribution facility to The Hut camp site just outside Blackpool eration plan; 1 Spinningfields, a Group and 240,000 sq ft to for housebuilder Persimmon. The 250,000 sq ft office and leisure Plastic Omnium, plus a 356,000 practice also acted for Salford development in Manchester; and sq ft speculative warehouse. The property investment company the purchase from Britannia of firm also acted for Bruntwood The Ventnor Group in connection the Old Fire Station. Student ac- and Select Property Group on with various transactions. commodation has been another the strategic acquisition of the Nabarro acted for Manchester source of work. former BBC Oxford Road site in City Council on The Factory, St Weightmans has been work- Manchester. Johns, a cultural hub and home ing on a steady flow of city and Gateley’s real estate team of Manchester International Fes- town centre regeneration pro- worked on The Dock Office tival and in Liverpool for Green jects. In Manchester it continued development at Salford Quays for Property on its £17m disposal of giving pro-bono advice on all Liveman Properties and acted on the city’s India Buildings to an aspects of the development and a 119 apartment, 13-storey private overseas investor. grant funding of HOME – the cul- rented sector development on It also worked on what was de- tural hub and contemporary arts Ancoats Street, Manchester, for scribed as the largest ‘out-of-town’ centre at First Street. The practice IDP Group. sale in the region – a brownfield was appointed by Manchester Gateley also made headway site at Handforth, sold by Cheshire City Council in connection with SPONSORED BY in Preston, acting for London East Council and its Engine of the the redevelopment of Oxford & Manchester Healthcare on a North arms-length company to Road railway station. In North 100-bed general nursing and CPG Development Projects. The Wales, the firm acted on behalf dementia care home near the sale of the 14-acre plot unlocked of Bangor University and Menai city’s Deepdale football stadium, a key development site that has Science Park in connection with named Finney House after local the potential for shops, leisure the proposed 20.5 acre science hero Sir Tom Finney. facilities and offices. park off the A5 on Anglesey. p48-63 NEW Property Awards Preview.indd 57 05/05/2016 12:32
ADVERTISEMENT Carillion’s proud North West Heritage Building better futures for the North West through a portfolio of projects that touch the lives of thousands of people. From schools to leisure, entertainment to hotels, sporting arenas to offices, shops, hospitals and residences, Carillion is involved in projects that shape communities. Carillion has a long and proud history in the North West having delivered some of the region’s most prestigious buildings. Our experience is unparalleled through a host of impressive projects, including the original G-Mex Centre, delivering state-of-the-art facilities for News International in Knowsley, iconic structures such as Beetham Towers in both Manchester and Liverpool, the Printworks, the International Convention Centre and a host of schools across Tameside and Rochdale through the Building Schools for the Future programme with further schools throughout Greater Manchester via the Priority Schools Building Programme. In more recent years we have delivered some of the region’s exciting and award-winning projects such as One St Peter’s Square and Greater Manchester Police HQ. We have also helped to regenerate entire areas through transformational projects such as the redevelopment of Piccadilly and First Street in Manchester. We are privileged to maintain our presence in this region, currently delivering the Vision Tameside Integrated Public Sector Building, The Royal Liverpool University Hospital, CitySuites on Chapel Street, Liverpool Football Club’s Anfield Main Stand Expansion and Ask Developments Greengate Project in Salford. Carillion are creating opportunities for the community and economy, providing local people, residents and businesses with the chance to get involved in redevelopment activities. We proactively look to use local labour and suppliers as well as creating jobs for long-term unemployed, and those from hard to reach groups. We offer apprenticeships and training opportunities to enable the workforce of the future. We work with agencies such as Business in the Community to provide placements for homeless people and ex-offenders which often lead to permanent jobs, helping people to get their lives back on track. Our future portfolio of projects in the North West is enviable; during 2015 we secured preferred bidder status on more than £160m of projects, financially closing over £55m of these projects in the year. We are currently progressing more than £200m of new projects to start on site during 2016 with a further £200m projects in development for a start later into 2017. www.carillionplc.com p48-63 NEW Property Awards Preview.indd 58 05/05/2016 12:32
CONTRACTOR OF THE YEAR SHORTLIST Activity is picking up for contractors after the recession. Here we look at the ones proving that, to survive and thrive, they need to adapt and innovate CARILLION ERIC WRIGHT CONSTRUCTION ‘O n time, on budget and Other developments being accommodation into the private on project’ remains the built by North West contractors residential and private rental GALLIFORD TRY BUILDING mantra of successful outside the region include a sector. That includes Vimto Gar- NORTH WEST contractors. Working closely with satellite testing facility at the dens in Salford, a scheme of 83 MCGOFF & BYRNE developers and architects, those RAL National Space Technology apartments and 14 townhouses in the North West are building Centre in Oxfordshire by Willmott in conjunction with Muse. RUSSELLS CONSTRUCTION quality, sustainable buildings Dixon. The Oldham-based com- The contractor also built the across the UK. And they’re pany is also building a home for Hotel Football Scheme next to WIGGETT CONSTRUCTION maintaining strong order books, the Met Office’s supercomputer Old Trafford and has secured WILLMOTT DIXON despite challenging conditions. in Exeter to ensure it remains the contract to build the Hilton CONSTRUCTION Diversity and the ability a world leader for meteorology. Garden Inn at the Lancashire to break into new markets is Nearer to home it was respon- County Cricket Club. another strength that continues sible for Oldham’s £15m leisure Russells Construction built the to build. This year’s shortlisted centre. 14-storey, 330-bedroom Motel companies are working on some Preston-based Eric Wright One on London Road in Man- varied and challenging devel- has embarked on a strategy of chester’s Piccadilly area for Livia, opments – from Carillion’s main seeking a mix of projects with which is part of the Olympian stand expansion at Liverpool’s funding from different sources, group. Anfield stadium to Willmott Dix- including higher education, pri- Wiggett Construction is an- on’s building of St Chrysostom’s vate sector investment, European other fast-growing business. Its Primary School for Manchester Regional Development funding highlights included remodelling City Council. and the Homes and Commu- and refurbishing the former Pen- Carillion is transforming Liver- nities Agency. Its work in 2015 delbury Hospital site in Salford pool’s main stand into one of the included three landmark projects with quality apartments. largest all-seater single stands in – Blackburn’s Cathedral Quarter The expertise in the North Europe with 8,500 more seats, in partnership with Maple Grove West shone this year. McGoff taking the stadium’s overall ca- Developments; an engineering and Byrne’s unrivalled expe- pacity to 54,000. The installation building for Lancaster University; rience with timber frame con- of a 650 tonne, 140 metre-long and Tower Wharf Offices in Wirral struction won it multiple projects roof truss onto the stadium was for Longmeadow Estates. for Whitbread and the Premier performed by two of the UK’s Galliford Try looked to expand Inn chain, plus the award of a largest cranes and watched by into new sectors, taking its expe- landmark chalet development at thousands of people. rience from hotels and student Butlins in Minehead. Oldham Leisure Centre Motel One, Piccadilly SPONSORED BY p48-63 NEW Property Awards Preview.indd 59 05/05/2016 12:32
DESIGN AND BUILD FROM THE EXPERTS Design and build can be a lengthy and complex process however, Nolan Redshaw have the expertise to guide you through it. █ █ Premises / Site Identification DEVELOPMENT █ INVESTMENT █ Due Diligence █ COMMERCIAL AGENCY █ Negotiating the Best Deal █ LEASE CONSULTANCY The property advisors... We work closely with occupiers and developers and █ CORPORATE CONSULTANCY 0161 763 0828 or click on to our website have 30 years’ experience. █ STRATEGIC ASSET MANAGEMENT www.nolanredshaw.co.uk Please call Paul Nolan or Jonathan Pickles. █ VALUATION Follow us on @NolanRedshaw Planning Shaping Better Places Design Spire Hospital - Manchester Turley are proud to be involved in the shaping of this great region. Heritage We are helping to deliver new homes, jobs and essential infrastructure. Six specialist planning services: Economics One integrated place-shaping offer. Anfield Regeneration - Liverpool Stephen Bell Sustainability Manchester Office Director stephen.bell@turley.co.uk 0161 233 7676 Lower Irk Valley - Manchester Engagement turley.co.uk @turleyplanning linkedin.com/company/turley p48-63 NEW Property Awards Preview.indd 60 05/05/2016 12:32
PROFESSIONAL SERVICES AND INDUSTRIAL AGENTS OF THE YEAR SHORTLIST The shortlist highlights the teams who have made significant contributions to developments in terms of planning, design, deliverability and cost control DELOITTE REAL ESTATE INDIGO PLANNING P rofessional services experts King Street continues to rein- FC’s Anfield stadium expansion. were hard at work in 2015 vent itself with a focus on leisure Turley has also provided plan- OBI PROPERTY boosted by the growth in and cafe culture and Indigo ning advice and obtained the TURLEY development activity. successfully gained consent necessary approvals to enable Deloitte described the year as for 20-22 King Street, which the development of the Protos TURNER & TOWNSEND “remarkable” for Manchester – opened as Quill in October last Energy Park in Chester. “most visibly in the resurgence year. Outside the city it secured Its planning team also secured of residential activity throughout permission for up to 220 homes permission from Manchester City the city centre.” The firm was in- in Congleton for Seddon. Council for the UK’s first high-en- volved in Renaker Build’s 1 Water OBI made the shortlist for ergy Proton Beam Therapy Street and Cambridge Street workplace consultancy and the Centre at the Christie Hospital. developments, as well as Select project management of office The development is scheduled Property Group’s CitySuites. fit-outs at Sevendale House in to complete in 2018. Indigo Planning continued with Manchester for several tenants. Property consultancy Turner PROFESSIONAL SERVICES its positive work in the North- Its team carried out the same & Townsend was involved in SPONSORED BY ern Quarter and King Street in functions on a 38,000 sq ft various award-winning schemes Manchester. In the last two years fit-out of 35 Fountain Street on that completed in 2015 including it has advised on ten bars and behalf of Rentalcars.com. Manchester City’s Etihad training restaurants, including Almost Fa- Planning consultancy Turley’s campus, where it provided full mous, NoHo, Home Sweet Home stand-out projects include cost management support, and and Luck, Lust, Liquor and Burn. securing permission for Liverpool the Chester Zoo islands project. Sheds are the new rock ‘n roll, here we look at agency teams who SHORTLIST made a real impact on the North West industrial scene in 2015 AHERNE PROPERTY T he North West continues B&M Bargains instructed Sav- sq ft distribution facility on the CONSULTANTS to be the beating heart of ills to acquire distribution hubs outskirts of Preston. the UK’s logistics industry. as part of its expansion pro- Nolan Redshaw acted as joint COLLIERS INTERNATIONAL Deals highlighted in this catego- gramme. In early 2015, deals at agents on the successful Crown CUSHMAN & WAKEFIELD ry’s shortlist include Cushman Onyx350, Runcorn and MW460 Business Park in Rochdale. The & Wakefield’s work in delivering in Middlewich were completed first phase amounted to 60,000 KNIGHT FRANK retailer Poundland’s distribution providing 810,000 sq ft of new sq ft over two separate buildings centre at M6 Epic in Wigan. space. A highlight for Savills was that were pre-sold to Store First. NOLAN REDSHAW Global online retailer Amazon’s the 400,000 sq ft pre-let at Nice Also, 75,000 sq ft was sold to SAVILLS arrival at Mountpark Airport City Pak on Westwood Way in Wigan, Robert Scott with 30,000 sq ft in Manchester also made the a deal achieved against a back- set aside for an extension. WHR PROPERTY CONSULTANTS headlines and underlined the drop of competition from other Newcomer Aherne Property region’s pulling power. developers with existing sites in Consultants’ deals include the WHR helped broker the deal the right geographical location. acquisition of a 108,000 sq ft between Stoford Developments Knight Frank’s logistics and industrial unit at Stakehill in Mid- INDUSTRIAL AGENTS OF THE YEAR and MAG to acquire the site. industrial team sold a 148,748 dleton and the 90-acre Frontier SPONSORED BY The fulfilment centre will open sq ft Aldi distribution centre at Park site in Blackburn. in the autumn, creating 1,000 Stakehill Distribution Estate near Colliers was involved in 40 permanent jobs over three years, Middleton to Vengrove on behalf transactions totalling 494,000 sq as part of the e-retailer’s plans to of Legal & General for £8.6m. ft. It secured a series of lettings create 2,500 permanent posts in Elsewhere, Knight Frank acted at Carrington Business Park and the UK this year. in the disposal of a 152,878 various locations for Screwfix. p48-63 NEW Property Awards Preview.indd 61 05/05/2016 12:32
FUTURE ADVANTAGE That’s what working with CBRE gives you. Translating the North West market into real advantage for clients. Record deals | Biggest lettings | Market insights | Innovative solutions | Specialist advice | Joined up approach Our Manchester and Liverpool offices offer market leading services to landlords, tenants, developers and investors, in all sectors including: logistics, residential, offices, retail and many more. cbre.co.uk/Manchester CBRE100508 Inside Magazine p48-63 NEW Property Advert 2016_v04.indd Awards Preview.indd 62 1 18/04/2016 05/05/2016 16:24 12:32
OFFICE AGENT OF THE YEAR SHORTLIST Manchester’s pulling power remains strong for agents and its office market continues to be a real powerhouse on the national stage BE GROUP BILFINGER GVA T he Manchester city region One St Peter’s is poised to take further Square CANNING O’NEILL advantage of the trend CUSHMAN & WAKEFIELD for ‘northshoring’ – attracting inward investment from overseas EDWARDS & CO markets – as London and the South East becomes even more JLL expensive and congested. OBI PROPERTY Development was firmly on the agenda in 2015 and SAVILLS Bilfinger GVA was instrumental CBRE in the the purchase of 8 First Street (160,000 sq ft) for Greater Manchester Property Venture Fund. Bilfinger GVA was lead adviser to Muse and Chester City Island is now described as the flexibility to allow the phased re- Council on their speculative City most well-let grade A new office location to an 80,000 sq ft office Place scheme (80,000 sq ft) in in the city. elsewhere in the city shortly. the heart of the city. And In De- Cushman & Wakefield was Savills acted on some of the cember the team won a pitch to instrumental in bringing interna- largest Grade A office transac- advise M&G on the leasing of 3 tional occupiers Syngenta and tions, with lettings to Addleshaw Hardman Square, Spinningfields. Ford Credit to the North West, Goddard at One St Peters Bilfinger also negotiated on funding developments and Square, and Gazprom and Ford the deal that saw NHS Liverpool encouraging a long-term com- Capital at First Street. It also CCG take more than 30,000 sq mitment to the region. Its pre-let worked on behalf of PwC and ft of space at The Department on of 145,000 sq ft at Salford Quays Shoosmiths on their respective Renshaw Street. to medical group Bupa (on acquisitions at No 1 Spinning- Trident Business Park at behalf of developer/landlord Peel fields and XYZ Building. Manchester Airport, with lettings Holdings) was one of the largest Canning O’Neill had a strong of 84,500 sq ft, was one of transactions in the region’s prop- year, supporting the transfor- CBRE’s main transactions – 95 erty market for 15 years. mation of Soapworks from a per cent let within nine months JLL’s office agency team act- disused factory into an iconic of the building being bought and ed on the letting of 42,000 sq ft scheme. It is also working on before its refurb was complete. over four floors at Arndale Tower the Manchester Royal Exchange The agency acquired No 8 First to law firm Freshfields Bruckhaus refurbishment. Street, Manchester, on behalf of Deringer on a short to medi- Edwards & Co also had a Gazprom and, in Liverpool, Mann um-term lease, incorporating busy year conducting 107 deals in Manchester city centre alone. Outside the city it secured a Soapworks, Salford Quays 47,132 sq ft letting at St Peter’s Square in Stockport with Sky. OBI was involved in 32 per cent of the office space transac- SPONSORED BY tions in Manchester and was re- sponsible for the record-breaking central Manchester deal of the year: NCC Group at XYZ Building. It also set a new record rent of £34 per sq ft in Manchester at Chancery Place. 16:24 p48-63 NEW Property Awards Preview.indd 63 05/05/2016 12:32
ADVERTISING PROFILE #Invest in #BrilliantBurnley Burnley Council is delighted its inward investment team in partnership with Burnley Bondholders has been shortlisted for the Public Sector Team of the Year at the Insider North West Property Awards A strong entry was submitted by the council showcasing the successful level of inward investment and jobs created in 2014/15 through new businesses relocating to the borough, which levered in £82million of private sector investment. The entry focused on the joint working of the council’s Inward Investment Team and Burnley Bondholders in promoting Burnley’s positive business environment which has led to an increase in relocation enquiries and in turn businesses moving in to the borough. Several blue chip companies have relocated to Burnley as a result of the joint working and promotions, creating 1,300 jobs in the last 2 years, including Boohoo.com, Exertis, Panaz, Kaman Tooling, Kavia, Vodafone Automotive UK to name Burnley Bondholder, Fagan & Whalley, dressed parts of their fleet just a few. Kate Ingram, Burnley Council’s Head of with Burnley’s brand to spread the message across UK and Europe Regeneration & Planning Policy said: “The team is delighted to have been shortlisted for this moved into the borough. Our Business Support growth, we are truly carving out an excellent prestigious award and we are delighted our Team keep in regular contact with all our key reputation for attracting and supporting business.” successful investment achievements are being business to offer ongoing support and support with Mark Crabtree OBE, Chair of Burnley Bondholders recognised this evening. business growth, so it’s the whole package which we said: “The team at Burnley council are a delight for hope made our entry stand out.” businesses to work with – enterprising, capable and “I’m so pleased for the team, Pam Smith, Burnley Council’s Chief Executive, said: open in communication from top to bottom of the they have worked extremely “I’m so pleased for the team, they have worked organisation. The “can-do” attitude is the source of hard to establish Burnley extremely hard to establish Burnley as a thriving area their success in working with the private sector, and as a thriving area for for enterprise, and I’m delighted their work has been the results are there for all to see. They richly deserve recognised externally. Burnley has established itself to win this award.” enterprise.” PAM SMITH as the place to be for enterprise and we are building “Being shortlisted is a great opportunity to a strong reputation as the go to place for business. Burnley has just been awarded £1.7 million showcase our success in attracting investment Securing further investment and jobs for the town is to kick start the building of the towns latest across the region and sharing our key strengths such a top priority for us, and the Business Support and enterprise parks - the multi-million pound as great connectivity from our central UK location, Inward Investment Team are at the forefront of ‘Vision Park’ in Burnley’s Knowledge Quarter. our pro-active business support environment, the achieving this success. Infrastructure works for the Vision Park beside lifestyle offer, and our strong partnership working Adding: “It’s wonderful to see Burnley being the college and university campus will be with local businesses.” recognised by external organisations across the funded by the Lancashire Enterprise A key feature of the entry was not just the expert region and the UK. Our awards speak for themselves, Partnership (LEP). The state-of-the-art 5 acre team work to attract new investment but the follow winning the Most Enterprising Area in the UK in 2013, park aims to attract Advanced manufacturers up Company Contact Programme which sees the ranked in the top 5 North Boom towns set to thrive and digital industries. expert support continuing once businesses have last year, and leading the region in private sector jobs FOR MORE INFORMATION, PLEASE CONTACT: Business Support Team at Burnley Council Tel: 01282 477315 | Email: ahooley@burnley.gov.uk p64-73 BurnleyNEW Property Council Awards1 Preview.indd 64 67243.indd 05/05/2016 18/04/2016 12:33 11:53
PUBLIC SECTOR TEAM OF THE YEAR SHORTLIST This category celebrates projects undertaken by public sector bodies and local authorities. The entries highlighted some innovative approaches BURNLEY COUNCIL/ BURNLEY BONDHOLDERS Edge Hill’s Eastern Campus EDGE HILL UNIVERSITY BLACKBURN WITH DARWEN COUNCIL/HOMES AND COMMUNITIES AGENCY/ MAPLE GROVE WIGAN COUNCIL I nward investment is the name Agency and Blackburn Cathedral the M6 when the council builds of the game for local councils have all come together to create a new link road this year. This and competition is fierce. The Blackburn Cathedral Quarter. commitment to improving the The partnership approach is The result is a vibrant mixed-use road infrastructure was crucial in beginning to pay off and forging quarter with the cathedral at its satisfying Nice-Pak’s concerns close links with private business heart. Eight acres of underused about the site’s viability. The a growing priority for town halls land near the railway station council also supported the across the North West. were brought back into use in company’s application to the Burnley formed its public/pri- the first £25m phase of develop- Regional Growth Fund to fund vate sector partnership Burnley ment. Once fully occupied, this the relocation. Bondholders in 2009 – and it first phase will provide Blackburn The 400,000 sq ft building is has put the East Lancashire with more than 400 jobs. symbolic of the push for growth town firmly on the map. The Wigan Council’s inward and jobs creation that is under bondholder scheme sets Burnley investment team also makes the way in the borough. The same apart from other towns and cities, shortlist for its work, including the inward investment team also bringing together more than 150 building a new home for Nice- played a central role in bringing private sector businesses with Pak International. The company Poundland’s new North West the public sector to contribute was already based in Wigan but distribution hub to Wigan Bor- funds and ideas to promote looking to expand and build a ough, creating up to 800 jobs in Burnley as a place in which to manufacturing facility the coming years. invest and do business. There was competition from Edge Hill University com- The scheme has also created other councils in the North West pletes this year’s shortlist for its a substantial budget, through to take on the proposal but approach to its Eastern Campus funding contributions from the the team worked closely with developments. These include a private sector, to market Burnley Nice-Pak to ensure the company variety of award-winning projects, to potential inward investors and remained in the borough. including the Creative Edge SPONSORED BY help grow the local economy. The challenge was finding building. The Eastern Campus A partnership approach is a site big enough to meet the has been developed on 120 also breathing life into neigh- needs of the business and ena- acres of former agricultural land bouring Blackburn’s town centre. ble the development. and provides a mixture of resi- Blackburn with Darwen Council, Westwood Development Park dential, academic space, sports Maple Grove Developments, emerged as the front-runner, facilities, a new entrance and the Homes and Communities and will provide quick access to car parking. 11:53 p64-73 NEW Property Awards Preview.indd 65 05/05/2016 12:33
STRONGER AS WE EVOLVE MANCHESTER’S LARGEST INDEPENDENT, MULTI-DISCIPLINARY PROPERTY CONSULTANCY WHR advises throughout the property cycle offering clients a full and seamless service OFFICE CONSULTANCY PROJECT & BUILDING CONSULTANCY INDUSTRIAL CONSULTANCY BUSINESS RATES ADVICE INVESTMENT CONSULTANCY LEASE CONSULTANCY ROADSIDE CONSULTANCY ASSET & PROPERTY MANAGEMENT 0161 228 1001 The Lexicon, 10 Mount Street, Manchester M2 5NT WHRPROPERTY.CO.UK p64-73 NEW Property Awards Preview.indd 66 05/05/2016 12:33
INVESTMENT AGENTS OF THE YEAR SHORTLIST The spotlight is on North West property as overseas and domestic investors capitalise on its reputation. These are the agents making their mark BILFINGER GVA CBRE Port of Liverpool building CUSHMAN & WAKEFIELD JLL KNIGHT FRANK WHR PROPERTY CONSULTANTS SAVILLS A growing appetite for the MediaCityUK, Salford Quays North West investment market from overseas made 2015 a year of opportunity. And as a result some trophy assets exchanged hands. These include two of Man- chester’s largest opportunities – 3 & 4 Piccadilly Place and One St Peter’s Square – brought to market by GVA Bilfinger. Its team was also active on the banks of the Mersey, with the acquisition of the Port of Liverpool building by overseas investors. 25 per cent in excess of the ask- real estate investor Patrizia Cushman & Wakefield was ing price of 101 Barbirolli Square Immobilien. The investment has also involved in the landmark in the city centre on behalf of accelerated the development Merseyside deal. The Port of Liv- Aberdeen Asset Management. of First Street as an important erpool building, which attracted JLL advised Legal & General mixed-use business quarter. global interest, eventually sold Capital on the acquisition of a Knight Frank was active in all for more than £27m after several 50 per cent interest in the Peel sectors. It acted for Credit Suisse rounds of bidding. However, the Group’s MediaCityUK scheme at Asset in the sale of 3 Hardman agency’s largest deal was the Salford Quays, which is valued Square in Spinningfields by sale of Houndshill Shopping at £503m. M&G in a £91.7m deal. And its Centre, which sits in the shadow Savills acted for the Peel team was also involved in the of Blackpool Tower for Blackstone Group to identify a long-term £17m sale of India Buildings in SPONSORED BY & Catalyst Capital. The centre strategic partner and targeted Liverpool by Green Property to a had a disposal value of £105m. the most active overseas buyers private purchaser. The largest transaction by the as well as traditional UK institu- WHR was especially active in CBRE team in Manchester was tional investors. the Manchester investment mar- the acquisition of 2 St Peter’s JLL was also involved in the ket, undertaking 12 city centre Square on behalf of Deutsche. acquisition of Manchester’s First transactions, including the sale The team also secured a sale Street development by European of 76 King Street. p64-73 NEW Property Awards Preview.indd 67 05/05/2016 12:33
The XYZ Building, Manchester City Place, Chester Logistics North, Bolton £15 million loan £5 million loan £10 million loan Development Finance in the North West Evergreen provides development debt funding for commercial property & regeneration projects in NW England. • Funding currently stands at £60m. • Office, industrial, hi-tech manufacturing and logistics. • Greater Manchester, Cumbria, Cheshire and Lancashire. • Ideal loan size £4m - £12m (higher in club loans). If you are a developer whom requires funding for eligible schemes or require any further information please contact CBRE. CBRE Contacts Andrew Antoniades, ACA Director CBRE is the Investment Advisor to the North West t: +44 207 182 2587 e: andrew.antoniades@cbre.com Evergreen Fund. CBRE’s role is to source and evaluate potential investments for the fund, as well as manage and William Church monitor the developments over the investment life-cycle. Director t: +44 207 182 2867 e: william.church@cbre.com northwestevergreenfund.co.uk 7190_Evergreen_Advert_A4.indd p64-73 1 NEW Property Awards Preview.indd 68 15/04/2016 12:33 05/05/2016 12:32
PROPERTY FUNDING TEAM OF THE YEAR Funders are working hard and being inventive with their business model SHORTLIST to get developments underway. So who is putting money into the region? NATIONWIDE I nsider’s shortlist in this section XYZ building, Spinningfields EVERGREEN FUND is made up of three very different funding teams that TOGETHER have one thing in common: they continue to work hard to get results for the region. Evergreen is a public sector fund managed with a private sector approach delivering spec- tacular projects. Nationwide – the world’s biggest building society – has maintained its strong commit- ment to providing funding and is growing regionally. Its mutual business model shows there is a different way of doing business which resonates with customers. All profit is reinvested in the business for long-term benefit. Nationwide helped to fund new projects across the North West in 2015 and provided acquisition loans to blue-chip and high-net- worth investors. Together is also proactive in the region, working with entrepreneurs right through to describes as “phenomenal centre for businesses to relocate residential and commercial prop- growth” in 2015 in all areas of its or grow. erty investors. It has an extensive business, more than doubling And a loan on behalf of network of professional intro- new lending in the 12 months Evergreen and the Greater Man- ducers, including accountants, to June. chester Combined Authority, solicitors, banks and independ- With loan book and profits to develop the infrastructure ent financial advisers. also increasing by a third during for Harworth Estate’s Logis- Together is often able to help that period, the firm was listed tics North site, opened up the where a “mainstream lender” among the top five most prof- development of this highly suc- can’t. For example, if the itable companies in the region, cessful and regionally important timescales are too tight, or on a in a report from Manchester scheme. non-standard property or devel- Metropolitan University. Evergreen sponsors a range opment where fast and flexible Together now employs 428 of development opportunities short-term finance is needed. staff at its head office at Cheadle where there is a clear benefit The firm helped one client Royal Business Park and its to employment, regeneration, who needed more than £2m growth continues. environmental and economic to refinance a portfolio of North During 2015, Evergreen prospects – and Logistics North SPONSORED BY West properties because a funded a variety of high-profile ticks all those boxes. lender was unable to meet the projects in the North West. Its success means Harworth timescales. Together instructed Its loans on schemes in is now looking to develop the valuation and legals within 24 Spinningfields unlocked the XYZ remaining 2.3 million sq ft on a hours and funds were delivered building and No1 Spinningfields, phased basis, to provide a mix within just three weeks. providing speculative Grade A of different sized manufacturing Together enjoyed what it office space in Manchester city and business units. 12:32 p64-73 NEW Property Awards Preview.indd 69 05/05/2016 12:33
A Towngate Plc Property Widnes North West Warehouse Requirement? TO LET - Industrial / Warehouse Units Towngate Business Centre Everite Road, Widnes, WA8 8PT 16,000 – 75,000 Sq Ft CGI Image Unit 1 - Modern distribution facility - 75,023 sq ft • Other yards & hardstanding areas • Close to the A562 available separately • Excellent access M62/M57 & M56 • Flexible rents and competitive terms • Ideally located for Widnes/Runcorn, Liverpool, • 24 hour security Warrington and the wider UK Network Andrew Littler Darren Hill Paul Thorne andrew@littlerandassociates.co.uk darren.hill2@cbre.com paul@b8re.com www.towngate.plc.uk p64-73 NEW Property Awards Preview.indd 70 05/05/2016 12:33
COMMERCIAL DEVELOPMENT SHORTLIST From Manchester’s cultural hub HOME to industrial hubs such as Logistics North, Insider hears from the teams responsible for big developments CROWNE BUSINESS PARK FIRST STREET First Street, Manchester Manchester is seeing that vi- sion come to life as real progress LOGISTICS NORTH is made in creating a distinctive TRIDENT BY PROPERTY new neighbourhood. In the first ALLIANCE GROUP eight months of trading, HOME has attracted almost 620,000 TOWER WHARF visitors – significantly ahead of its first-year target. With signif- icant food and beverage sales and 174 jobs already created, First Street’s anchor tenant is proving to be a huge success. The Innside hotel met its ex- pectations in terms of occupancy rates for the first seven months to the end of 2015 with strong interest from corporate, leisure F rom creating a neighbour- manufacturers remains at a and business groups. hood with a real sense of premium across the region. The completion of First Street place to spearheading the Crowne Business Park is North coincided with the Number North West’s impressive logistics another successful development One office building filling up. drive, commercial developments from Barnfield Construction. The The next phase underway is continue to provide big econom- first phase of the scheme, based a 170,000 sq ft grade A office ic benefits across the region. in Rochdale, was 60,000 sq ft building and has been partly Big sheds are ‘the new rock across two buildings pre-sold to pre-let to Gazprom. and roll’ – eye-catching, dramatic Store First. A further 75,000 sq Elsewhere, Tower Wharf is job creators. The logistics sector ft was sold to Robert Scott with hugely important, marking the may have its Midlands Golden space set aside for a 30,000 start of work to open up the Triangle, but the North West is its sq ft extension. A third phase of Wirral Waters – a regeneration heartbeat. 25,000 sq ft of space is yet to be project that will have a dramatic Logistics North is the largest built. The site can accommodate impact on Merseyside and its live industrial development. another 50,000 sq ft with unit immediate neighbourhood. It has Spanning 800 acres next to sizes ranging from 3,000 sq ft to been described as a ‘strategic junction 4 of the M61 in Bolton, 20,000 sq ft. flagship development’, and is Harworth Estates has overseen Away from the world of the new home of one of Wirral’s its transformation from a surface logistics, the regeneration of leading employers – helping to mine to a nationally significant Manchester’s First Street area secure its future in the area and location for distribution and has been an ambition of Ask and serve as a statement of confi- manufacturing. the city council for a decade. dence in a new enterprise zone. Granted planning consent for four million sq ft of commer- Tower Wharf, Merseyside cial space in December 2013, Logistics North has the potential SPONSORED BY to create £350m of Gross Value Added and 7,000 jobs to the region once it is fully developed. There is little doubt that 2015 was a bumper year for the de- velopment as space for leading distribution companies and p64-73 NEW Property Awards Preview.indd 71 05/05/2016 12:33
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