Despite a subdued commercial property market, national property consultant Carter Jonas has found that helping occupiers find and acquire space has been extremely active.
Around Harrogate, commercial property consultants Carter Jonas has assisted the North Yorkshire based Bettys & Taylors Group in the lease of new premises at St James Business Park, which incorporate a 70,000 sq ft warehouse and 3,000 sq ft of offices. A new build bespoke facility was delivered to a high standard and on time.
Carter Jonas has also been appointed by Medical Protection Society to find 60,000 sq ft of new office premises in Leeds to house over 300 employees. Their existing offices in Granary Wharf House, Leeds are now on the market on a Freehold basis through Carter Jonas.
Carter Jonas’ Leeds team are also currently advising the FTSE 100 listed company Arm Plc with regards to their premises in Blackburn and following the earlier acquisition of 10,000 sq ft of office premises in Sheffield. They have recently extended this facility with the acquisition of a further 5,000 sq ft this summer.
The commercial team has also acquired offices for Ingeus UK Ltd, who won a Department of Work and Pensions Contract on the North East. Five out of six offices ranging from 3,000-7,000 sq ft in Sunderland, Newcastle, North Shields, South Shields, Ashington and Gateshead have been acquired.
The Leeds office has also been active advising building equipment rental specialists Vp plc on the acquisition of various Leasehold properties in Yorkshire and London and Lease Renewals in the Midlands and North West.
John Webster, partner at Carter Jonas, comments on this difficult market. He said: “On the face of it, one would think that acquiring commercial premises in a market that suits occupiers rather than landlords/developers would be relatively easy, as favourable terms are on offer from the outset.
“We find, however, that getting the right property in the right location, such as with Bettys & Taylors Group in Harrogate, is not necessarily that easy. In some circumstances, the right property does not exist in the right location. Where there is good supply however, occupiers can secure extremely good terms.”