Archive

  1. Wigan approves updated Astley Point plans

    Last week Wigan Council’s Planning Committee approved the updated plans for the 4.5 acre Astley Point, a £9 million development, by Salcaul Limited on Higher Green Lane, Astley.

    Set in beautifully landscaped surroundings, Astley Point will comprise:

    • 12 luxury one and two bedroom apartments (ranging from 600 sq ft to 1,345 sq ft) in two new, three storey buildings.
    • Two 1657 sq ft, three bedroom exclusive penthouse apartments (one in each building).
    • 14 new family homes
    • High specification including designer kitchens and bathrooms
    • Modern appliances
    • Secure parking for all residents
    • New dining and entertainment destination.
    • New landscaping including a water feature and extensive planting

    Sean McCaul, director, Salcaul Limited said:  “We are thrilled our updated proposals for Astley Point have been approved.  Having listened to feedback about our original approved plans, we realised many local people interested in Astley Point prefer houses to apartments, so we decided to change our plans to make sure we provide homes local people will want to live in.

    “Our architects Cartwright and Gross have created a truly exciting scheme for the site which will set the new homes and leisure opportunities in stunning landscaped surroundings informed by the local heritage, history and countryside.

    “We’ve received a significant amount of interest from people wishing to live at Astley Point and also had a huge amount of interest in our commercial leisure space.  I hope to be able to announce our first operators very soon.”

    Councillor David Molyneux, Wigan Council’s cabinet member for regeneration, said:  “The population of Wigan Borough is growing, in fact by 2026 it’s predicted we’ll need an extra 13,500 homes to keep up with demand. Wigan Council is committed to ensuring we have enough homes for local residents and so we are pleased that this application, in the popular village of Astley has been given the green light. The high quality development will not only bring new homes to Astley, but will also create over 70 new jobs. I look forward to seeing the scheme take shape.”

    Salcaul Limited is making a £9 million investment into the development and envisages over 70 new permanent jobs will be created at Astley Point.  The Environment Partnership has developed the landscape designs while planning advice was provided by Euan Kellie Property Solutions.

    Salcaul Limited is a joint venture between Salboy and Redwaters and has been set up specifically to deliver Astley Point.  Salboy, is a company owned by Fred Done and Simon Ismail who develop schemes throughout the UK.

    Simon Ismail said: “This is the first project we have undertaken in Astley and we are really looking forward to producing a first class development that will provide much needed facilities for the local area.”

    Redwaters is a privately owned property development business based in Astley that has been building homes in the North West for nearly 40 years.  During this time it has forged a reputation for high quality bespoke schemes with a particular emphasis on the Astley area with the most recent projects being Astley Brook and Chaddock Hall.

    Anyone wishing to register interest in buying a home at Astley Point should visit www.astleypoint.com

    News of the planning permission was covered in regional press including Insider and Leigh Journal.

  2. UBM moves into Acresfield

    Today OBI Property announced international business to business marketing and events company UBM is to relocate its Manchester office from Portland Street into 5,205sq ft at Acresfield, St Anns Square.  The space is on the first floor and has been taken on a ten year lease with a break in year five at £18.50 per sq ft.

    UBM is bringing its team of 52 into one space at Acresfield from the previous two separate offices they occupied in 113-115, Portland Street.

    OBI Property acted for Aberdeen Asset Management, while Andrew Rands from JLL acted for UBM.

    Andrew Rands, JLL said: “Acresfield represents good value in an established city centre location. The building was an ideal fit for UBM to bring its Manchester team together into one space. The building creates a fantastic first impression to visitors and staff members alike.”

    Richard Lace, transactions and asset management team, OBI Property said:  “Acresfield has recently attracted some fantastic new occupiers and there are now only two suites of 1,767 sq ft and 6,116 sq ft remaining.  The combination of modern workspace, unique break-out facilities and central location make Acresfield stand out from the competition and we expect to announce further deals in the next few weeks.”

    Savills are joint leasing agents on Acresfield with OBI Property.

    UBM’s moves to Acresfield was covered by Place North West, Manchester Evening News and Insider.

     

  3. BCEG receives prestigious British business award

    On 3 November 2016 BCEG (Beijing Construction Engineering Group) received the Chinese Investor of the Year Award at the British Business Awards 2016 hosted by the British Chamber of Commerce and held at the InterContinental Hotel at Shanghai Pudong, China.

    The British Business Awards recognises excellence in innovation, enterprise and endeavour between British and Chinese businesses.  BCEG were joint winners of the Chinese Investor of the Year award with Sanpower Group.

    Of BCEG the judges said: “BCEG is a leading construction and engineering company in China and is already active in global markets.  As a major state owned enterprise and with operations in 27 countries, BCEG is a diverse business across a number of sectors around the world.

    “The British Business Award for Chinese Investor of the Year recognises organisations which have made an outstanding contribution to Sino-British trade and relationships.  With its ongoing investment in the UK since 2013, BCEG has shown great dedication to the local city councils, communities and its partners, and has become an ambassador for the two countries.”

    BCEG is wholly committed to its relationships with the UK particularly in Manchester where BCEGI Construction (UK) Ltd is working on three projects:

    • One of the largest projects in the UK, the £800 million Airport City. BCEGI is an equity and construction partner working alongside Manchester Airports Group, Carillion PLC and the Greater Manchester Pension Fund.
    • The £700 million Middlewood Locks development just outside of Manchester City Centre.  BCEGI is the main contractor on the project for Scarborough Group International.
    • The £200 million St Michael’s scheme in the heart of Manchester City Centre. BCEGI is an equity and construction partner along with Rowsley and The Jackson’s Row Development Partnership (owned by Gary Neville, Ryan Giggs and Brendan Flood).
  4. Landmark Investments Group clears £185 million in deals

    Landmark Investments Group announced it has placed £185 million of ground rent deals into lawyers hands, including its largest ground rent deal of the year being in excess of £70 million, to financial year ended 30 September 2016.

    Established in 2000, Bolton based Landmark Investments Group main area of activity is the acquisition and management of residential and commercial ground rents.  The activity covers Landmark’s own growing portfolio as well as deals for a number of retained clients.  It is estimated that the deal haul covers in excess of £7bn worth of land and property.

    Landmark Investments Group own portfolio has now surpassed £35 million, up from £25 million at the last financial year end and is expected to clear £50 million in the next twelve months.

    Mark Hawthorn, managing director, Landmark Investments Group said: “The past twelve months has seen Landmark Investments Group continue to grow and lead the market as advisors, investors and managers.  We have put almost £300m of stock into lawyers in the last couple of years.

    “We continue to see big opportunities for commercial property owners around the creation of commercial ground rents on new and existing stock.  This year we have also been awarded investment and management mandates from major institutions and we expect to be looking after over 20,000 units within next few months.

    “We recently soft launched Landmark Development Solutions (LDS), a new division to the Group which is an innovative and new alternative sales channel for residential developers, offering the removal of risk and the retention of rewards associated with development.”

    LDS will contractually underwrite entire housing schemes pre-construction, removing developer’s fears around future pricing and demand.  The developer is then free to market and sell the units as per usual, any sales will offer a profit share for both parties.  At the end of the construction and marketing process LDS will acquire any unsold units, allowing the developer and its lenders a clean exit.

    The year end results for Landmark Investments Group were covered by the business press including Manchester Evening News.

  5. Refurbishment commences on Dalton Place, John Dalton Street, Manchester

    Works on the former St James’s House on John Dalton Street in Manchester have commenced after planning permission was granted for a substantial refurbishment by Manchester City Council.  The newly renamed Dalton Place will be transformed to provide 65,000 sq ft of Grade A office space over six floors, with the existing ground floor retail space converted into four units aimed at restaurant and café operators.

    Designed by Cartwright Pickard, Dalton Place will benefit from new curtain walling glazing, a striking new reception area accessed off John Dalton Street, reconfigured floorplates and a 6th floor roof terrace.  Due for completion in May 2017, OBI Property is project managing the redevelopment and is also provide leasing advice on the office accommodation, with Metis Real Estate responsible for letting the retail/leisure space.  Styles & Wood have been employed as main contractor.

    Joe Weilding, OBI Property said:  “Dalton Place has been comprehensively redesigned to provide modern, sustainable space in a highly sought after central Manchester location.  The brief was to produce a product that was “best in class” and we believe Dalton Place will achieve that goal.  The office space will provide contemporary Grade A space that will compete on quality with the new buildings currently under construction but offer value for money for the end user.  Discussions are already underway with potential occupiers.”

    Dan Davies at Metis added: “John Dalton Street is already an established leisure location in the centre of Manchester that has proven popular with operators ranging from Pizza Express, Byron and Bills to Restaurant Bar & Grill and Grill on the Alley. It’s an exciting time for this part of Manchester with El Gato Negra and Caffe Grand by Piccolino all opening recently. Now that planning consent has been secured we look forward to progressing with interested parties for this new cluster of four restaurants.”

    The full design team includes; REDS – M&E Consultant, Tier – Structural Engineer, Deloitte’s – Planning Consultant.