Archive

  1. Canada House lettings keep racking up

    OBI Property has announced it has signed four new occupiers at Canada House, Chepstow Street, meaning the bulk of the first floor is fully let with suites from 250 sq ft to 9,200 sq ft remaining on the second, third and fourth floors.

    Andrew Cowell, transactions and asset management, OBI Property said: “These latest deals at Canada House, might not be the largest in size but they reaffirm the growing significance and popularity of the building as a hub for growing businesses who are attracted not only to its wonderful architecture but can see the community taking shape here and can see the benefit to being a part of it.”

    The four new occupiers have taken office suites on the first floor. They are:

    • Heritage Architecture which specialises in historic building planning and design (550 sq ft)
    • Business consultancy Prospect PS has taken two suites (525 sq ft)
    • Jepson Holt, a legal recruitment agency is taking a 485 sq ft. suite
    • Commercial property investment advisor Carrick Real Estate has taken 250 sq ft suite.

    George Haddo, LJ Partnership said: “I am thrilled to welcome all our new tenants who appreciate a workplace with diverse yet modern settings. We are delighted Canada House can be a part of their journey to success.”

    OBI Property is sole leasing agent on Canada House and is providing project management on the £3 million transformation of the building which is due to complete by the end of the year.

    This news is published by Insider.

  2. One Marsden Street fully let

    OBI Property has announced One Marsden Street, Manchester is fully let following the deal with industrial investment company A2E to take 2,600 sq ft on the second floor of the twelve storey building. A2E has taken a ten-year lease with a break at year five.

    OBI Property acted on behalf of building owner, the Standard Life Investments UK Real Estate Fund and the deal follows on the back of bank ABN AMRO taking 2,500 sq ft last month, and recent lease renewals by Gerald Eve, Cushman Wakefield and several other occupiers.

    Andrew Cowell, transactions and asset management, OBI Property said: “It has been a busy few months at One Marsden Street and it is great to announce the building is fully let. The recent lettings and lease renewals demonstrate that One Marsden Street is one of Manchester’s best buildings and underlines the continuing strength of the market for high quality Grade A workspace.”

    Amin Amiri, Founder and CEO of A2E said: “Our workspace is very important to us and One Marsden Street is at superb central location and it’s very popular with our team and clients alike.”

    This news is published by Insider.

  3. Manchester business leaders line-up for MCFC v MUFC charity football match

    Leading figures from Manchester’s business and property worlds will be taking to the pitch at 5.30pm on Friday 17 November for the Factory Youth Zone Reds v Blues charity football match at Altrincham Football Club.

    DWF, Russells Construction, Carfinance 247, MoneyPlus Group and OBI Property are the main supporters of the game which will see some of the best know names in Manchester business and property don the blue of Manchester City and the red of Manchester United.

    The Blues, who triumphed 6-1 over the Reds last year, welcome back manager and Manchester City legend Dennis Tueart while the Reds bring in former Everton and Manchester United player Phil Neville.  Dennis, as last year, is being assisted by Gary Tipper, managing partner, Palatine Private Equity with Chris Davis, chief executive, Moneyplus Group returning for the reds.

    While both sides are keeping their team sheets close to their chests, confirmed players include:

    • Reg and Louis Rix, founders, Carfinance 24/7
    • Steve Oliver, co-founder and group CEO, Music Magpie
    • Rob Cotton
    • Nathan Cornish, group board director, Urban Splash
    • Andrew Cowell, transaction and asset management, OBI Property

    Last year’s game raised £11,000 for the Factory Youth Zone, the charity which provides support for disadvantaged young people from Manchester.

    Working with children and young people aged 8-19 (up to 25 with additional needs), The Factory Youth Zone offers a wide range of activities including sports, arts, youth work sessions and specialist workshops with the aim of improving the lives of local young people in one of the most deprived areas of the UK.

    With over 1,000 young people attending each week, its iconic building provides a base for exciting and stimulating learning which introduces new experiences, develops self-confidence, builds healthy relationships, raises aspirations and prepares young people for work and independence.

    Richard Marsh, chief executive, Factory Youth Zone said: “It’s terrific to see the guys putting on their boots and giving their time to help raise funds.  It costs £1.2 million per year to keep our doors open so support like this is vital to the much needed work we do.”

    Will Lewis, co-founder, OBI Property said:  “Factory Youth Zone is a fantastic organisation and I am proud OBI is able to support them.  I’d like to thank DWF, Carfinance 247, MoneyPlus Group and Russells Construction for their support this year and all the volunteer players.”

    Tickets are £5 for adults and under 18s are free. The game will be followed by food and drinks, man of the match presentation and auction. Tickets available here http://redsvblues.co.uk/tickets/ or simply buy a ticket at the ground before KO– Altrincham Football Club, J Davison Stadium, Moss Ln, Hale, Altrincham WA15 8AP

    This news is published by Place North West.

  4. Strategic Land Group warns Standard Method for calculating housing need could be set up to fail

    Ahead of the closing date (Thursday 9 November 2018) on the government’s consultation on a new “Standard Method” for calculating housing need, the Strategic Land Group warns it could be set up to fail because it is misses the impact of two crucial influences on the housing market – affordable housing need and economic growth.

    The objective of the Standard Method is to address the housing crisis and make house prices more affordable by making it simpler for councils to determine how many homes they need to build. The starting point is the Office for National Statistics forecast for household growth over the next ten years. The Standard Method adjusts the figure to take account of the affordability of housing in each local authority.

    The government’s assumption is the maximum level of mortgage finance typically available to home buyers is four-times their salary. Where average house prices are more than four-times average incomes, houses are deemed unaffordable – too few homes are available, and the housing target is increased as a result. The more unaffordable homes become, the greater the increase to the housing target required.

    Paul Smith, managing director, the Strategic Land Group said: “At present there is no detail for councils to determine housing need, just a range guiding factors.  This has resulted in lots of different methods being used, producing vastly different results.

    “The Standard Method attempts to provide a simple, transparent, easy to understand approach, but the critical question is whether it produces an accurate assessment of housing need; and in my opinion it doesn’t seem to.  It doesn’t take into account affordable housing need and economic growth aspirations.”

    “Affordability might be central to the Standard Method, but that is different to the need for affordable housing meaning homes for those who cannot access market housing.

    “In some areas, delivering the maximum viable amount of affordable housing from market housing schemes leaves a shortfall against the need for affordable homes. In those circumstances, current planning guidance suggests increasing the housing target to enable the need for affordable housing to be met.

    “As it stands, though, the Standard Method does not take into account the need for affordable homes at all. It therefore risks failing to meet affordable housing need.

    “Many councils set out plans to deliver better economic growth. They work tirelessly on marketing their town, city, region and its assets to major employers and investors.  Success brings jobs, those jobs need people to fill them, and those people will need new homes. Apart from paying a little lip-service, saying councils ‘may’ plan for more homes the Standard Method does not take economic growth aspirations into account.

    “Simplifying the way housing need is calculated will be of huge benefit. Far too much time and effort is currently wasted arguing over the minutiae of housing need models. Yet simple should not be at the expense of missing crucial influences on the housing market.”

    This news is published by Place North West.

  5. OBI Property and Enterprise City push diversity agenda forward

    OBI Property teamed up with Allied London, developer of Enterprise City (ECUK) to host a frank discussion on diversity in the workplace and its effect on business growth.  Over 100 people joined in the debate which led to a number of positive action points which everyone agreed to take on board.

    Chaired by Kirsty Styles, talent and skills lead for Tech North, the panel comprised: Naomi Timperley, director and co-founder, Tech North Advocates; Kirsty Devlin, business development manager, Webantic; Vimla Appadoo, service designer, Department for Work and Pensions and Mylo Kaye, chief executive, Dreamr

    The consensus among the panel and audience was while inequality in gender, race, age and class remain a huge area for everyone to tackle, there’s simple steps any business or individual can take to move diversity in the work place forward:

    • Encourage work place/lunch time discussions about diversity, gender and race – encourage your team to exchange their personal experiences and talk about how it relates to the work place. Ask your team what diversity means to them.
    • Make sure the language of job descriptions are reviewed properly – overly masculine words can put off half your applicants off. There is software readily available to do this.
    • Use social media to share positive examples and articles of people and businesses doing amazing things to promote diversity.
    • Involve yourselves with mentoring programmes for young people, the panel all agreed a major key anyone getting into work is confidence and self-belief.

    Joe Averill, OBI Property said: “Diversity is a key issue facing Manchester businesses, particularly those experiencing fast growth.  The panelists and audience at our event were already clearly engaged in providing encouraging and positive working environments and it is great to be able to share that with a wider audience.

    Daisy Barnes, Allied London which is delivering Enterprise City, said:  “ECUK will continue support diversity in Manchester over the coming 12 months. Diversity is something everyone needs to be positively supporting, not just because without it the city is missing out on major talent, but because it makes business sense too.

    This news was published by Business Cloud.