Archive: May 2018
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Bureau Veritas moves to Atlantic House, Manchester
OBI Property has announced world leading testing, inspection and certification organisation, Bureau Veritas has taken the entire second floor (16,698 sq ft) of Atlantic House, Atlas Business Park, Wythenshawe, Manchester M22 5HF. The company has taken a ten year lease.
The Bureau Veritas team of 170 is relocating its Manchester office from Parklands, Didsbury. OBI Property acted on behalf of Bureau Veritas on the deal and is project managing and designing the office fit-out. The landlord of the building, Aviva represented themselves.
Ken Smith, UK CEO, Bureau Veritas: “The large Grade A working space in Atlantic House really stood out from other buildings we looked at. It is amazing that our big team will be able to fit into a single floor. The relocation is an investment in our team, we want a workspace that inspires better performance and I am sure the office design OBI Property is working on will do just that.”
Andrew Cowell, Transactions and Asset Management, OBI Property said: “It is a fantastic news the global leader in assessment industry is moving to Atlantic House. When Bureau Veritas approached us with the brief, we knew instantly that Atlantic House would be a great fit for them. I am pleased to assist them in finding their new home.”
This news was published by Place North West, Business Daily, Business Desk and Insider Media.
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Axon Moore sign for Canada House
OBI Property has announced Manchester based recruitment agency, Axon Moore has taken 3,007 sq ft on the first floor of Canada House, 3 Chepstow St, Manchester M1 5FW. The company has taken a ten year lease at £22 per sq ft with a break at year five.
OBI Property is the sole leasing agent and acted on behalf of building owner LJ Real Estate. It has also designed and project managed Axon Moore’s new office fit out. The team of 26 was previously located at Alexandra Building, 28 Queen Street, Manchester.
George Haddo, LJ Real Estate said: “I am delighted to welcome Axon Moore into Canada House. The demand for refurbished working space in central Manchester remains high and we believe Canada House will soon be fully occupied.”
David Moore, Chief Executive, Axon Moore said: “The historic features of Canada House really caught our eye, and the ongoing transformation of the building is very impressive. We are thrilled to relocate our business here in what we can see is becoming a truly collaborative and diverse business community.”
Andrew Cowell, Transactions and Asset Management, OBI Property said: “The transformation of Canada House is ideally designed to provide open, flexible and contemporary working space yet retain its historic character and features providing perfect space for today’s tech led growing businesses. I am pleased to know Axon Moore are impressed by the working environment we’ve helped create here.”
This news was published by The Business Desk, Insider Media and Manchester Evening News.
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Cowgill Holloway joint venture business, PMJ Capital reaches 100 deal milestone
Leading North West based accountancy and business advisor Cowgill Holloway has announced its joint venture bridging business PMJ Capital Ltd has reached the milestone of delivering 100 deals with a total combined value of £40million.
PMJ Capital was launched in 2015 by Cowgill Holloway’s Property and Construction division and focuses on building relationships with the division’s existing contacts and those of its joint venture partners. The experienced team is headed by Cowgill Holloway property finance director David Rainford.
Recent deals include:
Low Wood Casterton, Nr Kirby Longsdale in the Yorkshire Dales National Park
PMJ Capital has provided Waypoint Development and Construction with £1.8million in total to assist with the acquisition of the former Casterton School buildings and subsequent conversion of the buildings into 20 new homes – a mix of houses and apartments.
Tony Stubbs, managing director, Waypoint Development and Construction said: “The facility, provided by PMJ Capital will enable us to deliver the conversion of the wonderful school buildings into much needed new homes in Casterton. Working with David at PMJ Capital has been refreshing, his expert knowledge and experience has been invaluable throughout the process and most importantly he is able to make decisions quickly and respond accordingly.”
Bradbury House, Altrincham
PMJ Capital provided £430K to Quinta Group to support the conversion of commercial premises at Bradbury House, in the centre of Altrincham in to five apartments and ground floor retail space. The £1.1 million sale of development to Edinburgh based Lomond Investment Management completed last week (Thursday 10 May).
Alexander Clarke, director, Quinta Group said: “I’ve known David for a number of years and have always found his advice insightful. Gaining the loan for Bradbury House by working with him directly was a great deal more straightforward than working with other lenders and I am absolutely thrilled with the outcome.”
David Rainford added: “The work we do through PMJ Capital complements our offering alongside the property and construction division at Cowgill Holloway.
“As a principal lender, our clients value speaking to a decision maker, it provides them with comfort in the knowledge that funding is available, will be delivered quickly, without fuss and in a professional and pragmatic way.”
This news was published by Insider Media and Manchester Evening News.
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Walker Smith Global moves to 26 Cross Street, Manchester
OBI Property has announced Manchester based professional service provider, Walker Smith Global has taken the entire fourth floor (2,830sq ft) of 26 Cross Street, Manchester M2 7AQ. The company has taken a five year lease.
Walker Smith Global provides accountancy services to freelancers, contractors and the self-employed. The company is moving from 53 King Street as it required larger office space to accommodate its business growth. It has recently acquired a London based accountancy specialist, IMS and is going through a major rebranding process.
Matt Tyson, Managing Director, Walker Smith Global: “We are thrilled to be moving into 26 Cross Street. It has what we are looking for in a workplace to grow our team and business. We were keen to have a prime city centre location that has easy access to major transportation as it will allow us to retain and attract more talent. The new office also has room for us to grow and space for our consultants and clients to use for networking. We look forward to growing our business from our new Cross Street home.”
Paul Mills, Transactions and Asset Management, OBI Property said: “We are pleased to be able to assist Walker Smith Global in finding their new office. 26 Cross Street is located at the heart of the city surrounded by dynamic businesses across many sectors.”
OBI Property represented Walker Smith Global on the acquisition, design and project management. The owners of the building represented themselves.
This news was published by Insider Media and Business Desk.
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Cowgill Holloway appointed to advise The Create Group
Cowgill Holloway has announced its property and construction team has been appointed to provide its full accountancy and financial advisory services to Blackpool headquartered The Create Group.
The Create Group employs in excess of 75 people and has an annual turnover of approximately £60 million.
The appointment comes on the back of the recent funding deal Cowgill Holloway negotiated for Create Developments to enable the delivery of its new £14.2 million housing development St Petersfield at Inskip in Preston.
St Petersfield is the second phase of the Ash Meadows development, the finance for which Cowgill Holloway also secured.
Paul Mathison, managing director, The Create Group said: “Create has a long and successful relationship with Stuart Stead and David Rainford at Cowgill Holloway. Their sound market knowledge, experience, and advice has greatly benefitted us and it makes sense for us to extend our partnership with them.
“Our group continues to grow with Create Construction on site delivering several hotels including the Hampton by Hilton in Blackpool, while our development division is working across the country on student housing projects and we are always on the look-out for exciting sites for housing projects.”
In addition to the residential development at Inskip, Create is also delivering Hampton by Hilton Hotel in Blackpool and is on site with student housing schemes in Liverpool and Exeter.
Stuart Stead, head of property and construction, Cowgill Holloway said: “Having helped secure funding for Create Developments through the expertise of David Rainford on two of its flagship residential schemes I am delighted we are expanding our relationship with Paul and his team.
“By providing our full range of advisory services to The Create Group we will help the business grow efficiently and effectively over the coming years.”