Renewables experts let Nottingham unit

0
FHP have let Unit 5a Rani Drive, on behalf of Chartwell Properties Limited, to Green Buildings Renewables, who have been “actively looking in the market for some time.” The unit comprises industrial/warehouse space with office and ancillary areas situated across two floors of accommodation. Rani Drive Business Park is an established estate positioned just off Nottingham’s ring road. The estate has a mixture of both office and warehouse occupiers and has now achieved full occupancy throughout the site. Amy Howard, surveyor at FHP Property Consultants, says: “It has been a delight to work alongside both parties on this deal and seeing it cross the line, achieving a rental tone of £7.00 per sq ft. Although it placed itself on the market for a few months, it confirmed that persistence is key and maintaining communication and relationships between present and past enquiries is vital, especially as we are now facing uncertain times approaching 2023. “It has been a pleasure to work alongside Jack Digva at Chartwell Properties Limited and I look forward to working alongside him in future endeavours and securing him more tenants. I also wish Green Buildings Renewables all the best in their Nottingham branch.” Jack Digva at WSD 1 Limited says: “We are delighted with working with FHP, we were confident this unit would let in a short space of time. “There is a large demand for high-end industrial units and Rani Business Park ticks all the boxes. Chartwell Properties have been in the property market for over 25 years, and we have seen demand has outstripped supply. “We have many new and exciting projects on the go and look forward to working with FHP in the future.”

Go-ahead given for more than 200 new modular homes at Nottingham’s Alliance Boots campus

0
Plans for more than 200 new homes within the Alliance Boots campus in Nottingham, set to be part of the ‘residential quarter’ of the wider site redevelopment, have been approved.
The reserved matters submission from GraceMachin Planning & Property on behalf of Ilke Homes Land Limited, sought approval for 207 dwellings, consisting of 96 houses and 111 apartments.
The homes, off Thane Road, are to be delivered by way of modular, off-site construction, by Ilke Homes.
The reserved matters submission relates to a 17.6 hectare site which crosses the boundary between Nottingham City and Broxtowe Borough.
A corresponding ‘reserved matters’ application has been submitted to Broxtowe Borough Council for 397 dwellings within their administrative area. In total, 604 dwellings are proposed across the entire site.

Manufacturers report rise in output, but decline expected to resume next quarter

UK manufacturers reported a rise in output in the three months to November, the first increase since the three months to July 2022, according to the CBI’s latest Industrial Trends Survey. However, production is expected to decline in the next quarter. The survey found that while stocks remained broadly adequate, total order books and export order books were reported as below normal. Selling price inflation is expected to remain historically high in the next three months (though below the record high reached earlier this year). The survey, based on the responses of 230 manufacturing firms, found:
  • Manufacturing output volumes rose in the three months to November (balance of +18%, from -4% in the three months to October), the first increase since the three months to July 2022. However, output is expected to fall in the three months to February (-10%).
  • Output increased in 9 out of 17 sectors in the three months to November. The increase in output reported this quarter was largely driven by the food, drink & tobacco, motor vehicles and transport equipment, and chemicals sectors.
  • Total order books were reported as below “normal” in November, and to a similar extent to October (balance of -5% from -4%). Export orders were also seen as below normal, but to a lesser extent than last month (-7% from -14%). Nonetheless, both total and export order books remained above their long-run averages (-13% and -18% respectively).
  • Expectations for average selling price inflation for the next three months remained at a broadly similar level to last month (+47% from +46%), although this remains comfortably below the multi-decade highs seen earlier in the year (+80% in March). Expectations for selling price inflation remained well above the long-run average (+6%).
  • Stocks of finished goods were seen as broadly adequate in November, to a similar degree as in October (+5% from +7%).
Anna Leach, CBI deputy chief economist, said: “The rise in manufacturing output this month appears to be at least partly driven by improvements to supply chains, with several companies reporting they were able to fulfil orders as materials and components became more readily available. Total order books remained much weaker than earlier in the year, however, and output is expected to fall again in the quarter ahead. “Against a difficult economic backdrop, manufacturers welcomed aspects of last week’s Autumn Statement, notably business rates relief and commitments to R&D and infrastructure spending. “But little was said about two of the most pressing issues that are currently holding the sector back: the future of the business energy support scheme and access to skills. This leaves big question marks hanging over the competitiveness of UK manufacturing.”

Nearly a third of East Midlands employers have seen an increase in staff sickness

0

Almost one-third of employers in the East Midlands have seen an increase in staff sickness absence, according to a new survey.

Workplace expert, Acas, commissioned YouGov to ask employers in September if they had seen any changes to the number of employees being off sick compared to 12 months ago.

The poll found that for the East Midlands:

  • 31% of employers had seen an increase in sickness absence
  • 1% had seen a decrease
  • Nearly two-thirds (60%) said the number of staff taking sickness absence had stayed roughly the same
  • 8% didn’t know.

Acas East Midlands director Dwinder Virk said: “East Midlands businesses are seeing an increase in the number of employees absent through sickness, and they may be impacted by increases in flu or COVID cases, or the effects of long COVID.

“When employees are unwell, it is important that businesses have a clear absence policy to reassure them about their rights and to ensure the business stays on an even keel.

“Effective handling of sickness absences at work can also provide clarity for employers and employees, and help avoid potential disputes.”

Acas advises that employers should have an absence policy in place that is clear about what is expected from both employers and employees if staff need time off work.

An absence policy should include:

  • How to report absences and keep in touch. This includes who the employee should contact and when;
  • What support is available for staff during absences and when they return to work;
  • When the employee needs to get a fit note;
  • How much the employee will be paid and for how long; and
  • What to do if someone needs time off for reasons related to a disability.

Final unit snapped up at new industrial development

0

The final unit has been sold at Wymeswold Business Quarter, where 95 local jobs will be created when construction is completed on the site.

The unit has been sold to Fleet Auction Group.

Adjoining the existing Wymeswold Industrial Estate, Wymeswold Business Quarter, Prestwold is a new industrial development which will be completed in early 2023 to provide 20 purpose-built new build industrial units, ranging in size from 1,900 sq ft to 12,000 sq ft.

With all units now sold or let, over 95 local jobs have been created. This will benefit the local economy and help to reduce the commuting times of those who work at the business park – as most of the business owners and their employees live within a 5 mile radius. The developer, The Prince Group, has included a number of incentives to further reduce the environmental impact of the development, including a green travel plan, ride to work scheme and free bus passes.

The development has been built on land that is part of The Prestwold Estate, which is managed by Loughborough-based specialist land development and property consultancy Mather Jamie.

Acting as their strategic land adviser, Mather Jamie initiated the idea to create Wymeswold Business Quarter and acted as project manager to assist The Prestwold Estate and The Prince Group to obtain planning permission, commission construction and then promote the units for sale or lease.

The site forms part of the old Officer’s Mess from the WW2 Wymeswold Airfield. The developers have plans to name some of the buildings after some important figures that were stationed at the airfield during the War.

Geoff Prince, Managing Director from the Prince Group, said: “We have a long standing relationship with Mather Jamie and always value their advice and guidance which on this occasion has helped The Prince Group deliver and create something that will benefit businesses and create local employment.”

A second phase development at Wymeswold Business Quarter is now proposed which will create 21 units and 80-100 more local employment opportunities. Mather Jamie, along with consultants Pegasus Group, Golby & Luck and Gordon White Hood, are currently project managing the planning application for this second phase. If approved, construction on the next wave of units will begin in Q2 2023 and will be available to let/buy early in Q1 2024.

Hamish Byers, associate director, Mather Jamie, said: “The speed in which all units have been occupied shows the success of the development and that there is definitely a demand for industrial units within a rural community and when carefully planned these facilities can positively impact local communities and the environment.

“My clients, the Prestwold Estate, are committed to developing opportunities which benefit the local community and as long standing owners and employers in the local area, it was very important for them to deliver a scheme of high quality and maximising local opportunities.”

As part of the first and second phases of the development, the Estate are trying to minimise the environmental impact and provide additional benefits. Throughout 2022 the Estate has planted over 450 trees and have plans to develop and enhance the natural environment further over the coming years.

LLEP to recruit new Chief Executive

0

A new Chief Executive is being recruited to lead Leicester and Leicestershire Enterprise Partnership (LLEP) as it continues to work with partners to drive sustainable economic growth.

The LLEP Board is recruiting an “influential strategic leader” to manage the LLEP, looking purposefully at both delivery of vital services and long-term sustainability. The successful candidate will also be tasked with shaping and reforming current activities while exploring new ways of generating future funding.

Directors decided at a recent Board meeting that it is an appropriate time to appoint to the role vacated by Mandip Rai earlier this year.

Leicester City Council, the LLEP’s accountable body, has now started a recruitment process in conjunction with co-chairs Anil Majithia and Andy Reed OBE.

Sue Tilley has been working under the interim title head of LLEP since Mr Rai left the organisation in March 2022. She has undertaken additional responsibilities relating to management of LLEP staff, support to the Board, and external promotion of the organisation with partners.

The interim role was formed in response to external uncertainty as integration of LEPs into local authorities was proposed as part of County Deal devolution.

Agreement between local partners and Government has yet to be reached in relation to devolution in Leicester and Leicestershire. Therefore, the LLEP Board has decided that a more permanent leadership solution is required.

Mr Majithia said: “We are grateful to Sue for accepting additional leadership responsibilities earlier this year and her work with directors and officers in recent months as we continue to deliver projects on the priorities of our Economic Growth Strategy.

“However, it’s clear that it could be some time yet before a clear picture emerges on local devolution, therefore a more permanent LLEP leadership solution is required.”

Don’t dwell on financial downturn says Beylmayne

0
Local independent financial planners, Belmayne, are reassuring investors there is no need to change their retirement plans because of current market volatility. The Dronfield-based firm is urging people not to concentrate on recent market news, but to review their retirement objectives and focus on making sure their plan is on target. Belmayne partner, Jon Stevens, said: “Investing is not about trying to enter or exit the markets at the right moment, it is the time spent in the markets that matters. If the headlines in your life haven’t changed, then neither should your investments.” The professional financial planning process enables investors to establish goals and build an achievable plan, taking into account variable levels of returns in good and bad years. Belmayne advocates evidence-based investing and gives clients access to a highly diversified, low-cost suite of solutions. Jon added: “Planning for retirement is a detailed process and there are many moving parts. We use cashflow forecasting tools to demonstrate how markets will vary and how we can protect your finances from this volatility. It is easy to get lost in the ‘noise’ surrounding the recent economic turbulence, but by focusing on long-term goals, we can ensure investments remain on track.”

Breedon on track to deliver record earnings for 2022

0
Breedon, the construction materials group, is on track to deliver record earnings in 2022, according to a new trading statement regarding its performance for the 10 months to 31 October 2022. Trading conditions during the second half have “remained supportive,” and the Leicestershire firm says this has enabled the company to fully recover rising input costs through robust pricing and disciplined cost management. In the four months to October 2022, the business delivered revenue growth of 16% compared to the same period in 2021. This resulted in revenue of £1.19bn in the year to date, some 14% ahead of the equivalent reported period last year. Rob Wood, CEO, said: “This time last year we reminded our investors of the agile and entrepreneurial DNA that sets Breedon apart. Our rapid response to changing market conditions, local focus, vertically-integrated business model and disciplined financial framework will again enable us to deliver record results.
“Visibility in the trading landscape has been poor for some years now, for a variety of reasons. Against this constantly changing backdrop, our team’s commitment and resolve have delivered quality products and great service to our customers, regardless of the economic or political landscape. For this, we thank them. Their focus and determination in turn continues to deliver for all our stakeholders.”

Eight storey apartment building approved in Nottingham

0
Plans for a new apartment building in Nottingham have been approved.
The proposals for 1 Wallett Street come from Arkwright Property Co Ltd and would see existing buildings on the site demolished.
The site currently comprises a collection of industrial buildings and a large surface car park, which will be replaced with a building that steps down in height from 8 storeys on the frontage to Crocus Street to 4 storeys adjacent to Meadows Way.
141 apartments are planned, comprising 72 one bed and 69 two bed flats.
There would be 44 car parking spaces at the ground floor level along with bin and cycle storage facilities.

Chattertons Corporate Team celebrate completion of ten deals in October

0
October has been a busy month for the Corporate Team at Chattertons Solicitors which has completed ten deals with a further eight expected to complete by the end of 2022. Over the last year the firm has been involved in over 50 transactions ranging in value from £200,000 to £20m. Many of them have involved businesses located throughout the UK, which showcases the demand for advice from East Midlands based-advisers. The deals completed in October include the sale of London-based Rogers Removals to worldwide Cadogan Tate Group Limited, who are internationally recognised as a market leader, with removals, storage, freight and fine art logistics operations in London, Paris, the Côte d’Azur and the United States. Clients include royalty, presidents, government agencies, business magnates, blue chip corporations and celebrities. Other deals include the sale of Appliance Care to Pearson North Devon Limited, the sale of architectural firm WSW Consultancy Limited to Stiles Harold Williams Partnership LLP, both based near Brighton, the sale of Mustard Models to Whole Grain Limited, and Derby-based Diacom Networks to Grantcroft Limited. The tenth deal was the highly publicised acquisition of Leeds-based insurance broker Ravenhall Risk Solutions by Jenston Group. Adam Gilbert, head of Corporate, said: “Despite the uncertainty in the economy there seems to be a continuing appetite in the SME market to buy and sell businesses and our pipeline of future deals is still very strong.” He added: “The recent rises in interest rates is also not perturbing activity as many business owners remember when interest rates were much higher. Good businesses will always find buyers, largely irrespective of what the economy is doing as long as the buyer and the seller have a realistic approach to valuation. There is definitely a willingness to dismiss the speculation by doom mongers and those with a clear strategy and solid business plan are clearly pressing full steam ahead with their plans.”