On behalf of Coopers of Stortford we were instructed to carry out a search for a new 60,000 to 70,000 sq ft warehouse facility to accommodate the expanding mail order business, previously based in Pig Lane, Bishop's Stortford.
Having viewed a number of possibilities, including Bishop's Stortford, Harlow and Braintree, a shortlist of sites was drawn up and, in conjunction with the Client, the Skyline 120 scheme at Braintree was selected as offering the best overall combination of value for money, quality and prominence.
An Agreement for Sale and a specification was negotiated on behalf of Coopers and the development was procured by Countryside Properties Limited through their contractor, Harmonix.
Coke Gearing were involved in the project throughout, and from inception to practical completion to a turnkey specification, including racking and office fit-out, the timescale was approximately ten months.
This project involved advising Coopers on their break clause in the existing leases and, through our consultant Building Surveyors, assisting them in their negotiations regarding dilapidations on exit.
Myson WayOn behalf of University Superannuation Fund, the institutional owners of Raynham Close and Myson Way, Coke Gearing were involved in the marketing of No 4, having previously relocated the occupants of No 4 into the larger unit, No 5.
4 Myson Way has now been successfully let to Galaxy Trading Limited, a provider of engineering and workplace based training courses for apprentice and other technical training facilities.
Jackson Square, Bishop's StortfordThis significant project involved Coke Gearing in many aspects of the site, from initial acquisition through additional land assembly, lease regearing negotiations with East Hertfordshire District Council, arranging pre-let to Sainsbury's Plc and disposing of the development opportunity to Wilson Bowden Developments Limited.
On behalf of Wilson Bowden, we were then involved in negotiating with various ancillary and neighbouring occupiers with a view to completing the site acquisition and enabling this successful town centre redevelopment to take place.
Such projects are generally long term; our involvement stemmed from 2002 until practical completion in 2008.
Field House, Harlow Acting on behalf of a multinational pharmaceutical company, Teva UK Limited, we were involved in the acquisition of two floors of offices in Field House, an iconic office building adjacent to the railway station at Harlow Town.
This complicated project involved the surrender of an existing head lease and the negotiation of new sub-leases direct with the freeholder and will provide approximately 25,000 sq ft of new office accommodation for the licensing and regulatory departments of a major generic pharmaceutical manufacturer.
SEGRO, Stansted 600Our involvement on behalf of Airport Property Partnership in the Stansted 600 development at Stansted Airport has spanned most of the last decade.
We have been involved in site planning, development advice, planning advice, leasing and valuation and more recently have been assisting our clients as Expert Witness in a valuation tribunal appeal against the original rating assessments.
Currently the Airport Property Partnership is a joint venture between Aviva Investors, one of the largest institutional investors in the United Kingdom, and SEGRO, one of the largest industrial property real estate investment trusts.
We are now providing development advice in respect of the remaining 30 acres of Stansted 600 Phase Three.
19 Church Street, Bishop's StortfordA town centre retail and office building, located in a prominent position, was sold on behalf of the owner/occupier client to a retail client who proposes to occupy and trade from the ground floor and upper parts.
This transaction involved planning, legal and professional advice, together with our sales and letting input.
Unit 6006, Stansted AirportActing on behalf of the occupier tenant, we have recently negotiated a lease renewal against the landlords, Scottish Widows Investment Partnership Limited.
This negotiation involved our comprehensive knowledge of the local industrial and warehouse market, and as a consequence we were able to secure a substantial saving from the Landlord's quoting terms, including an element of rent free period, thus illustrating the degree to which landlords are prepared to be flexible in order to retain occupiers in this difficult market environment.
6 Ducketts Wharf, Bishop's StortfordActing on behalf of pension fund trustees, we have carried out a series of capital and rental valuations of the self-contained office builiding in a purpose-built office campus on South Street, adjacent to the town centre.
This is one of a number of valuation exercises and lease advice that we have given a range of occupier and investor clients over many years.
