Commercial property

Commercial property news from Swindon and Wiltshire.

Pub sale could lead to new supermarket for Chippenham

Written by Peter Davison.

Mill HouseA new Aldi supermarket is proposed for Chippenham following the sale of a pub in the town.

The sale of a 1.5-acre site on Methuen Park, which includes The Mill House pub, has been arranged by licensed property specialist, James A Baker.

The land has been bought by Create Real Estate, an investment and development management company, who have agreed to sell the site to Aldi once planning permission for redevelopment has been obtained.

An application to redevelop the site into a supermarket has now been submitted to Wiltshire Council by Aldi and is expected to be decided later this summer.

Charlie Noad, surveyor at James A Baker, said: “The purchase of this 1.5-acre site and the supermarket development will be a great addition to this area of Chippenham and to the wider community.”

Ricky Humphreys, director of Create Real Estate, added: “We’re delighted to have completed this purchase. Based on the initial responses to a neighbourhood survey there’s strong support from local people for a supermarket, with 71 percent of respondents saying they back the proposal.”

Global technology company takes office space in Chippenham

Written by Peter Davison.

Bewley HouseGlobal technology giant Siemens PLC is moving into office space at the newly refurbished Bewley House in Chippenham.

With headquarters in Berlin and Munich, Siemens operates globally, employing 379,000 people in 200 countries and specialising in electrification, automation and digitalisation.

This latest move will see Siemens PLC relocate its software development department of the business into the first floor of Bewley House, taking 4,300sq.ft. of office space.

Siemens PLC intend to fit out the space over the next few months before moving in up to 30 members of staff later in the year. The company has said the move will enable it to grow in the future.

David Boakes, of Siemens, said, “We are relocating to Bewley House because we like the location, being central in Chippenham means there are good transport links and various amenities close by for employees.  Being able to put all of our staff on a single floor plate should allow much better collaboration.  We also like the efforts by the landlord of Bewley House to make the office more environmentally friendly.”

HPH Commercial Property, who own and manage the Chippenham building, have a large portfolio of office, industrial and retail space across Bristol, Bath and Wiltshire.

Lindsay Holdoway, managing director of HPH Commercial Property, said, “We are thrilled to welcome global technology company Siemens PLC to Bewley House. Chippenham is a fantastic location for the fast-growing tech industry, and our office space is situated in a central and thriving location.

“We are very much looking forward to Siemens PLC moving in and wish them every success for the future.”
James Gregory, Partner at Alder King, said HPH’s commitment to investing in its property portfolio, creating modern and efficient work spaces made a huge difference.

He said, “Before promoting the space HPH fully refurbished the first floor at Bewley House to include a new central heating system, LED lighting and a new kitchenette as well as redecorating and fitting new carpets, and as a consequence Bewley House saw an increased level of interest from prospective occupiers.

“With its proximity to the mainline railway station and unrivalled car parking so close to the town centre, it is not surprising that Siemens were attracted to the building. It offers them the ability to grow their business and provides a much improved environment from their previous offices on one of the business parks.”

Building society acquisition is Swindon's largest office space deal in 15 years

Written by Peter Davison.

The Trilogy buildingExpanding building society Nationwide acquired the Trilogy building in Swindon’s Kembrey Park in a deal brokered by agents Loveday and JLL.

The company has its corporate headquarters in Swindon, and recently announced it was moving into the business banking sector.

Trilogy, which totals 76,000 sq ft, comprises a prominent headquarters office building situated on Kembrey Park and within close proximity to Swindon town centre.

Bradley Forbes of Loveday said: “We are delighted to have negotiated this sale, which represents the largest office disposal in Swindon for over 15 years.

"This transaction means availability of offices within the town is now at an all-time low.”

Giles Weir of JLL said: “The continued expansion of Nationwide is welcome news for the town at the present time and is an indicator of the fact that Swindon still maintains a diverse economy.

"Hopefully this deal will spark some life into what has been a difficult period for the local office market and will lead to an encouraging and resurgent 2018/19.

"We are already seeing increased activity levels from the corporate sector with several large requirements circulating, which is an encouraging sign.”

Business beds down in showroom

Written by Peter Davison.

84 Fisherton StreetA premium quality bedding firm has leased a large space retail showroom in a prominent Salisbury city centre trading position.

Property consultancy Myddelton & Major successfully negotiated a deal on 84 Fisherton Street, a modern building with a service yard and parking.

The ground floor showroom, which has a net sales area of 6,476 sq ft (601.62 sq m), has been acquired by KRS Bedding.
KSR Bedding agreed a 10-year lease at a rent of £52,000 per annum.

Myddelton & Major Partner Simon Lee said: “I was not surprised to see this rare opportunity to lease a large space retail showroom in a city centre trading position snapped up quickly.

“Simon Bailey has opened a new premium quality bed shop in the property which occupies a prominent corner plot trading position fronting Fisherton Street – a busy link between the city centre and the railway station.

“The showroom is a perfect fit for such a business as the premises comprise a ground floor retail showroom with a return window display frontage and large open plan sales area.”

Beauty salon opens in Amesbury

Written by Peter Davison.

1 Sloane Court AmesburyA hair and beauty salon has opened for business in a new-build, mixed-use development in Amesbury town centre.

This follows property consultancy Myddelton & Major successfully negotiating the letting of 1 Sloane Court at 37-39 High Street to Donna’s New Image Ltd.

Quoting rent for the 624 sq ft shop was £12,000 per annum on the remainder of 10-year lease from 2017.

Myddelton & Major surveyor Gary Mead said: “It was a pleasure to help with Donna’s New Image Ltd’s move to Sloane Court, the high standard new development which is proving very popular.

“The business, which offers a one-stop solution for eyelashes, eyebrows, hair styling, hair extensions, micro loops, spray tans and acrylic nails, will be a welcome addition to the High Street.”

Sloane Court occupies a busy town centre trading position fronting popular Amesbury High Street, close to the junction with Fairfax Close.

Nearby occupiers include the George Hotel, bookmakers William Hill, Johnson’s Dry Cleaning, Barclays Bank and the New Inn pub.

Swindon furniture frame maker invests in new workshop

Written by Peter Davison.

5 Cobham Centre SwindonA Swindon-based furniture frame maker has invested in new workshop premises on the town’s Westmead trading estate after agreeing terms through Alder King.

Established by owners Jon Carty and Jon Woolhouse, Frameco has been supplying handmade furniture frames to the upholstery trade for over 15 years. It has now acquired the long leasehold interest of Unit 5, The Cobham Centre from a private landlord.

The six-strong company has since relocated into the unit from rented premises on Cheney Manor Industrial Estate.

James Gregory, partner at Alder King, said: “Frameco’s story is typical of the Swindon industrial market at the moment.

"There’s a strong appetite from smaller occupiers to relocate to larger and better accommodation. The challenge is finding suitable accommodation, with many sub-10,000 sq ft units being taken up as soon as they come on the market.”

Alder King acted for the private landlord and previous occupier of the unit GreenSquare Energy.

Frameco produces frames for upholstery companies in London and the South West, using existing or new patterns and high-quality woods including beech hardwood and birch plywood. It can also supply specialist hardwoods such as oak, black walnut and sapele for show wood legs.

Unit 5 Cobham Centre provides 3,910 sq ft of accommodation including warehouse, office and mezzanine storage. It is well-located close to the Great Western Way dual carriageway leading to the M4.

Fish and chip shop joins East Wichelstowe retail scheme

Written by Peter Davison.

East Wichelstowe paradeA fish and chip shop is to open at a retail parade created as part of a new residential area in Swindon.

Wichelstowe Fish Bar is to open in East Wichelstowe after signing a minimum 10-year lease for unit D, a 906 sq ft shop.

The business will join Mid-Counties Co-op store, which occupies the 3403 sq ft unit at the retail parade, and Wichelstowe Dental Care, which opened to patients in November last year.

James Buchanan, investment director at national commercial property and investment company LCP, which manages the five-unit retail scheme on behalf of sister company Sheet Anchor Investments Limited (SAIL), said there has been significant interest in the remaining two units.

“Since SAIL acquired the retail development in August last year, we’ve been working to attract occupiers to the development and have been pleased with the positive response and are looking forward to welcoming new tenants,” he said.

“This is a significant development in Swindon, which has been ongoing for about ten years, so the arrival of local retail facilities, which will also create local jobs, is very much to be welcomed.”

Miles Cross, Whitmarsh Lockhart, which was appointed marketing agent, added: “This is a rare opportunity to secure attractive retail space in the recently completed neighbourhood centre located not only close to Old Town but also on the doorstep of 880 existing residential units, with a further 1,620 following closely in the next few months and years.”