Leeds City Centre Office Acquisition Leeds
Removing file
Client
Medical Protection Society
Sector
Commercial
Location
Leeds
How we helped
Corporate Real Estate
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Get in touch
@ John Webster
John Webster
Partner - Head of Planning and Development North
0113 203 1063 email me about John
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Three career highlights:

Park Road, Pontefract
At the very early stages in my career during the 1980s, I became involved on behalf of The Duchy of Lancaster, as Landowners, in respect of 35 acres off Junction 32 of the M62 and opposite the Racecourse at Park Road, Pontefract.

Having worked on the site through the late 1980s, I was pleased to be able to secure sales of land through the 1990s on a site which faced significant restraints on development including highways, overhead cables and planning.

The site eventually sold for development of a 135,000 sq ft Retail Park and an owner occupier in the form of GKN Chep was identified for around 10 acres, with the remaining 10 acres sold to a local Developer.  

The project provided valuable experience within the Development sector and illustrated how value for a large site facing complex development issues could be brought forward in a piecemeal fashion, provided it was properly managed through the planning process.  


Offices to Residential Development – Windsor House, Harrogate
Following the Government’s introduction of Permitted Development Rights for offices to residential I was asked to advise a prospective purchaser of an office scheme with which I have been involved for over 20 years.

My background knowledge of the Commercial sector enabled us to provide valuation advice in respect of c. 37,000 sq ft of buildings, but also give confidence to the purchaser that vacant possession could be obtained on the parts proposed for residential development, whilst those parts where vacant possession could not be obtained could be sold on to prospective investors.

Over a very short timeframe I was able to negotiate termination of four remaining Leases in order to provide 20,000 sq ft of vacant accommodation on completion of the purchase.  I also secured the simultaneous sale of 7,000 sq ft effectively to an owner occupier of the office buildings and a simultaneous sale of a 10,000 sq ft building, which remained let and sold as an investment.  

The project is now complete and the residential conversions have achieved record values in the Harrogate marketplace.


Northallerton Gateway
Over a lengthy period of my career I have been involved in a development site immediately to the north of the market town of Northallerton.

Acting on behalf of a local farming family I first advised in respect of a site allocated in Hambleton’s Local Plan for 10 acres of commercial use.

Having advised the Landowners on a Development Agreement with a Developer, the scheme evolved into a 25 acre development with around 20 acres of residential development.  Over time and through agreement with the Local Authority, recognising their local housing need, the project evolved into essentially 55 acres of residential development.

The scheme was incredibly complex, involving around 7 Landowners and eventual Planning Permission granted for 900 units and was dependent upon significant Grant Aid being available for creation of infrastructure, particularly a road bridge across the main East Coast railway line.

To me the scheme epitomises the need for communication with the client, trust between the development team and patience to wait for a scheme to evolve - in this case over 20 years.

The project also illustrated the impact of the fluctuations in the property market.  At various stages in the development process the site had virtually nil hope value, at other times aspirations were raised on the back of perceived residential values.  In the end a pragmatic approach, taking into account the extensive infrastructure required, was the only way the objectives of the Landowners, the Local Authority and Developers could be met.

I can provide advice on:

Carter Jonas identified new premises and negotiated favourable terms for The Medical Protection Society.

The Medical Protection Society (MPS), one of the UK’s leading medical defence organisations for healthcare professionals, had outgrown its existing office building in central Leeds and requested Carter Jonas to search for new premises.

MPS wanted the new offices to be large enough to accommodate future growth, to a Grade A specification and to be within walking distance of the main rail station. Carter Jonas investigated all possible options, including existing and new build properties and identified the offices of Yorkshire Forward, the former regional development Agency, which were shortly to become available. The premises located at 2 and 3 Victoria Place, Leeds, had 63,500 sqft of floor space along with 130 car parking spaces.

The building was originally marketed at £12.8m but was acquired after negotiations at a price which more accurately reflected the state of the market. MPS undertook a full refurbishment and fit out of the new offices and expect to complete the move by early 2013.

Carter Jonas also dealt with the disposal of MPS’ existing building at Granary Wharf House in central Leeds. A thorough analysis of all the options and early identification of the new building resulted in a timely solution at the right price for the client. The transaction represents the largest office deal in 2012.