Over the years the partners have dealt with a vast array of properties and have acted for many well-known concerns including corporate and institutional clients, trusts, charities, government bodies and private individuals.
A selection of case studies are below.
Rent Review successfully contested for Tenant - The Colmore Building, 20 Colmore Circus Queensway, Birmingham
Acting on behalf of a top Accountancy Practice, Peter Clarke & Co LLP secured a favourable back dated rent review settlement on their circa 26,000 sq ft Birmingham City Centre HQ office premises.
Multi Office Acquisition - Regents Court, The Crescent, Birmingham Business Park, Solihull, West Midlands
Vector GB Ltd an international automotive software company appointed us to provide valuation & acquistion advice on four 2 storey campus style office buildings on Birmingham Business Park close to Birmingham International Airport.
The offices known as 2450, 2460, 2470 / 2475 & 2480 Regents Court were owned by an off shore investment company and ranged in size between about 5,000 sq ft to 8,750 sq ft. The total holding extending to some 22,000 sq ft on a site of circa 2 acres.
2480 Regents Court which extends to some 8,750 sq ft was vacant and had been recently extensively refurbished. Vector proposed to utilise that themselves as part of their expansion from a smaller office suite on the park. The remaining office buildings were let to various tenants including Daikin Air Conditioning, Team Relocations & Lanes Plc and thus provide an income producing investment.
Terms were agreed on an "off market" basis to acquire the buildings. Building & Mechanical & Electrical Surveys were undertaken as part of the due diligence process.
Advice is being provided on forthcoming rent reviews and lease renewals with the existing tenants and ad hoc property management input.
Search & Acquistion Advice to CFS Aeros to enable them to Expand to New Warwick HQ
We were appointed by CFS Aero's to help them identify a new industrial / warehouse within 10 - 15 miles of Coventry Airport to enable them to expand their aero engine sales & service facility.
Following an extensive search various buildings were shortlisted. We then entered into negotiations on CFS Aero's behalf on the preferred options.
Terms were successfully agreed to take a new 10 year lease on a recently refurbished 29,000 sq ft high office content warehouse on a 2 acre site at One Harris Rd, Wedgnock Industrial Estate, Warwick.
An extensive due diligence excercise was undertaken to secure the best possible terms.
Valuation & Acquisition Advice on Offices at Roman Way, Coleshill, Warwickshire
A catering supplies company had identified some existing out of town offices on the eastern side of Birmingham to cater for their expansion needs. We worked with them and their solictor to amend unattractive rent estate charge terms via a deed of variation. We also provided an RICS valuation appraisal for their Private Pension Fund provider which included advice on repair issues that required rectification.
Rent Review successfully contested for Tenant - Toyvend at Rugby
Toyvend Plc instructed us to advise them on a proposed rent increase on their circa 15,000 sq ft warehouse on a 1.15 acre site located on an established industrial estate on the northern side of Rugby. They were concerned that the % increase their Landlord had initially indicated was a little unrealistic based on their lease terms and the market conditions at the date of the review. Following an initial appraisal we agreed and set out our detailed reasoning as to why. We were subsequently instructed to argue the case with the Landlord's adviser and following many months of negotiation acheived a successful outcome for the Tenant.
Pre Letting of Former NUM Building, Holly Street, Sheffield
Grant Thornton had identified the former National Union of Mine Workers HQ in Sheffield opposite the City Hall as offering a superb location for their new HQ.
The problem was intially when they looked at the Old Office Building it had stood empty for about 20 years and had been gutted internally. There were also title issues to sort out, grant assistance required to facilitate the re development of the property and a whole host of other complications to resolve.
An establish regional developer - Brook Group had come up with new plans to convert the former basement car park into bars and restaurants and the upper floors into offices subsequently securing the necessary planning consent. It took them about 3 years to bring the old building back to life given the many issues they had to overcome as part of the re configuation and refurbishment of the building.
We acted for Grant Thornton to negotiate the minimum Landlords Cat A performance specification for the proposed office element which accounted for circa 14,000 sq ft on 1st, 2nd and 3rd floors. This included fitting extra steels to enable GT to install a 120 person seminar room and client entertainment area, a new roof terrace and staff amenity suite, enhanced air conditioning due to the occupancy levels proposed and improved sound proofing to protect the offices from the proposed bars and restaurants below.
We worked closely with the developer and their team bolting on Building Surveying, Mechanical & Electrical and other specialist input as required to ensure GT secured the offices to the required standard and on suitably attractive lease terms.
Perserverance eventually paid off and Grant Thornton now have a fabulous new office which they have further enhanced with their Cat B fitout.
ECM Vehicle Delivery Service expand their Midlands HGV workshop at Coventry
We have assisted in project co - coordinating the extension & refurbishment of ECM’s existing Midlands HGV Workshop & Yard located near Coventry Airport.
This involved improving access into the site, including street light diversion, the creation of additional vehicle access doors, new vehicle inspection pit, airlines, exhaust extraction, lighting, oil lines, and improved staff welfare & office facilities.
ECM are the largest independently owned car carrier in the UK with a fleet of around 450 vehicles
Baird Road, Waterwells Business Park, Gloucester
We acquired these modern warehouse premises on behalf of a private investor client and subsequently let them to a local transport company. A successful lease renewal was negotiated in 2017 and property / asset management advice provided as required.
Lease renewal agreed on Sheffield HQ Offices for Grant Thornton UK LLP
Acting on behalf of Grant Thornton we advised and negotiated new lease terms on their existing circa 12,000 sq ft two storey offices located at Broadfield Business Park, Sheffield, S Yorks.
Steelseal Ltd expand warehousing at Bidford on Avon, Warwickshire
Acting of behalf of private Landlords Peter Clarke & Co marketed and negotiated terms for a new 5 year letting on Unit 32 Bidavon Industrial Estate, a circa 7,730 sq ft industrial / warehouse unit to Steelseal Ltd
Brook Office Park, Folly Brook Road, Emersons Green, Bristol
Acting on behalf of private SIPP clients, we have provided a range of asset management & marketing services on these circa 7,400 sq ft modern office premises including:
- Business rates advice,
- Negotiating short term leases / extensions with various parties,
- Negotiating and agreeing dilapidations / wants of repair with former occupiers,
- Agreeing a schedule of works for the strip out of previous tenant alterations and the comprehensive refurbishment of the offices,
- Marketing the premises for re letting in whole or part.
Hermes Close, Tachbrook Park, Leamington Spa, Warwickshire
Acting on behalf of LUK Ltd part of Schaeffler we dealt with the marketing and sale of their Headquarter Office & R & D premises on Tachbrook Park successfully agreeing a sale to Fozmula.
The premises extended to about 15,150 sq ft on 2 acres.
We also provided property management input and valuation advice for accounts purposes.
Progress Close, Binley, Coventry
Acting on behalf of private SIPP clients we negotiated a dilapidations settlement with the outgoing tenant on this 22,430 sq ft warehouse which was originally let to Smith News. We also advised and help project co ordinate the strip out of excessive offices and the extensive refurbishment of the property.
We subsequently marketed the property and agreed a letting to Millbrook Health Care. More recently we acted for the Landlord on a rent review in late 2019.
Oakham Business Park, Hamilton Way, Mansfield, Notts
Investment acquisition on behalf of private SIPP clients. The property comprised of 5 detached Industrial units built in the 1990’s totalling 50,350 sq ft ranging in size between 5,350 sq ft & 20,000 sq ft.
We have also provided valuation advice and subsequently undertaken a number of rent reviews and lease renewals on behalf of the client as well as acting for adjoining Landlords.
Sale of 6.5 acre Transport Depot Site, Whitworth Close, Darlaston, West Midlands
Acting on behalf of Wincanton Group, Peter Clarke & Co advised and negotiated terms for a sale of this surplus storage and transport depot site totalling 53,655 sq ft on 6.5 acres which was part income producing. The property was sold to Marcity Developments who subsequently secured consent for 91 houses and 15 apartments and sold the scheme to Accord Housing Association.
Tesco One Stop, Station Road, Balsall Common, Solihull
Acting on behalf of private investor clients we have advised on rent reviews & lease renewals on these convenience store premises which have two flats above.
We have also advised on dilapidations matters and provided property management advice.
Stubbers Green Road, Aldridge, West Midlands – Lease Renewal
Acting on behalf of RMD Kwikform part of Interserve Plc we advised and negotiated terms for a new lease on this circa 114,000 sq ft warehouse & storage complex on a 8.5 acre site.
Investment Acquisition – Unit 21 Gelders Hall Road, Shepshed, Loughbrough
Acting on behalf of a Private SIPP Investor client Peter Clarke & Co acquired this detached warehouse unit of 17,075 sq ft (1,586.3 sqm) let to Industrial Machinery Supplies Ltd on a lease expiring in 2022.
We have subsequently advised and negotiated on a rent review for the client and provided adhoc property management advice.
Sale of Part Income Producing Investment - Hillcrest Business Park, Cinder Bank, Dudley, West Midlands
Acting on behalf of Interserve Plc we marketed this old industrial complex extending to 103,345 sq ft on 4.6 acres. The property was 40% let to How Fire Ltd with a guarantee from Tyco Holdings UK Ltd. It was successfully sold to a private investor proposing to refurbish the vacant space and split it up into a number of smaller units.
Residential Development Site acquired for Kendrick Homes in Stratford upon Avon
Peter Clarke & Co provided advice in the acquisition of a residential development site in Clopton Road, Stratford upon Avon. It has subsequently been developed by Kendrick Homes to provide a gated scheme of nine properties comprising two, three and four bedroom houses and two detached bungalows.
Sale of Former Community Health Offices, Alcester Road, Stratford upon Avon
Acting on behalf of The South Warwickshire Primary Care NHS Trust we advised on the sale by informal tender of these former community health offices totalling 18,450 sq ft on 1.15 acres. An unconditional sale was subequently agreed and the site was eventually redeveloped for retirement apartments by McCarthy & Stone.