IDEAL TRADE COUNTER UNIT AVAILABLE AT LAWRENCE WAY, CAMBERLEY

DB Real Estate is marketing Unit 1, Lawrence Way, Camberley, an end of terrace unit of 8,200 sq ft which would be ideal for any trade counter operator. 

Not only is it prominent and close to a range of existing trade counter operators (Toolstation, Howdens Joinery, PTS, Topps Tiles, Grahams, etc.) but the latest news is that it is now immediately next door to Screwfix Direct Ltd, part of Kingfisher, who have taken Unit 2 Lawrence Way, Camberley, having completed a new 10 year lease on the property. 

DB Real Estate and Colliers International are currently marketing Unit 1, for further information please contact the Camberley office of DB Real Estate on (01276) 538300.

SCREWFIX DIRECT LTD OPEN NEW CENTRE IN CAMBERLEY

DB Real Estate are able to confirm that Screwfix Direct Ltd, part of Kingfisher, has taken Unit 2 Lawrence Way, Camberley and completed a new 10 year lease on the property which provides approx. 6,600 sq ft. 

This is very exciting news for Camberley and the Yorktown Business Park, where Lawrence Way is located, and Screwfix’s presence on the business park will attract further occupiers, creating more jobs for the local area.

Nigel Dickason at DB Real Estate, who acted for the landlords, has confirmed that the adjoining unit, number 1, is also available and likely to generate considerable interest.  In addition a larger unit of 26,500 sq ft is available on the same estate.

The industrial estate is managed by CBRE Investors Ltd and DB Real Estate and Colliers International are currently offering the available vacant units which range in size from 8,200 sq ft up to 26,500 sq ft  For further information please contact the Camberley office of DB Real Estate on (01276) 538300.

WORK IS WELL UNDERWAY ON CAMBERLEY’S FIRST SERVICED APARTMENT SCHEME

Developers, TA Fisher, are more than halfway through the re-development of the former office property, Central House, Park Street, Camberley, which previously provided office accommodation on first, second and third floors.  TA Fisher bought the property in about September 2010 and immediately set about obtaining planning permission for the development of the serviced apartment scheme.

D B Real Estate, acted for the previous owners and more recently acted for TA Fisher, providing expert advice in connection with the successful planning application for the new scheme.

D B Real Estate has been retained to provide expert advice in connection with four different and successful planning applications for change of use away from offices in recent months.

For further information regarding the above or to discuss any planning applications for change of use please contact the Camberley office of D B Real Estate.

GREEN LIGHT FOR MASSIVE TESCO WAREHOUSE

Tesco has received planning consent for a 900,000 sq ft distribution warehouse at Whitely, South Reading on the site of the former Courage Brewery, which overlooks Junction 11 of the M4.  Anyone who travels on the M4 will immediately recognise the site as the location of the huge wind turbine which sits next to the M4.

Both Reading and Wokingham Borough Councils’ planning committees approved the scheme as the site straddles both boroughs.

The aim is to open the warehouse by Christmas 2012. James Wiggam of Tesco said: “We are proud to be able to bring jobs and investment to Reading. We have worked closely with the local community and council to develop these proposals and have been overwhelmed by the positive response to them.”

It is estimated that the site will create 1,000 jobs in the area and the construction phase of the project would also provide more than 150 jobs.

The distribution warehouse will be built to BREAM Excellent standards.

SHARPS BEDROOMS LTD MOVE INTO CAMBERLEY TOWN CENTRE

Acting on behalf of Symyx (now Accelrys), DB Real Estate can announce that Sharps Bedrooms Ltd, have taken nearly 6,000 sq ft of leasehold office space within Norwich House, on Knoll Road, Camberley, proving that you should never give up marketing premises, even when there are only a few months to run before a lease expires!

Symyx hold a lease which expires in March 2012, but the space was surplus to their needs, so earlier in the year Gerald Eve and DB Real Estate were instructed to try and dispose of the space, a very difficult task with only a short lease left to run.  However, DB Real Estate identified Sharps Bedrooms and agreed a short term sub-letting and a simultaneous new lease direct from the landlord.  The letting was agreed and documented in double quick time and Symyx, the landlord and Sharps Bedrooms are all delighted with the outcome.

Symex have made savings that they were never expecting whilst the landlord has a new occupier and Sharps Bedrooms have great new office space.   

For further information please contact the Camberley office of DB Real Estate on (01276) 538300.

SUN PARK IS LAUNCHED

DB Real Estate can confirm that the former HQ of Sun Microsystems, at Junction 4a of the M3 Motorway, has been launched by property companies, Landid and Delancey as Sun Park, providing up to 284,500 sq ft approx. of Grade A office space.

Sun Microsystems moved out of the whole facility earlier in the year, when Sun were taken over by Oracle and shortly after this the whole site was bought by  Landid and Delancey who are now offering the office space to potential new occupiers.  The existing space is provided in three buildings and represents the largest single available space in the Thames Valley at the present time.  The owners are happy to speak to any potential occupiers looking for plus of 20,000 sq ft approx.

The site also incorporates existing on-site facilities which include a restaurant, a gymnasium, several coffee bars and plenty of attractive outdoor areas.

Sun Microsystems originally intended to build up to 400,000 sq ft but they never completed the final phase and so there is scope to build a further 112,000 sq ft on site. 

There have been various rumours over the last few months about the whole site, at one point it was suggested it might make a suitable site for a huge warehousing scheme and another suggestion is that some form of residential development might be proposed for the uncompleted final phase.  Whatever does happen, one thing which is certain is that this site will play a significant part in the property market for quite a number of years!!

For further information about Sun Park please contact the Camberley office of DB Real Estate on 01276 538300

RENESAS TAKE 33,000 SQ FT OF OFFICES IN FARNBOROUGH

DB Real Estate can confirm that Renesas Electronics Corporation have taken a new 10 year lease on 33,000 sq ft of office space at Cody Technology Park, Farnborough from Qinetiq, the recently privatised defence contractor who have some 2 million sq ft of space at Cody Technology Park, which is adjacent to Farnborough Airport.

Renesas Electronics recently bought the baseband modem business of long-time technology partner Nokia for $200m and this resulted in the need for office space in the area but away from the existing Nokia HQ at Southwood, Farnborough. 

We are advised this is the company's most ambitious business move since it was formed by the merger of the Renesas Electronics and NEC semiconductor businesses, last year.

Renesas are paying £13.50 per sq ft and took on a 10 year lease with a break clause at the end of year 5.  Renesas were also given a 16 month rent free period.

For further information please contact the Camberley office of DB Real Estate on 01276 538300 or send an e mail to info@dbre.co.uk

THE CHANGING FACE OF CAMBERLEY

For some years now we have been faced with a huge supply of vacant office properties in Camberley town centre peaking at 208,000 sq ft which represented approx. 57% of all the office space in the town centre! 

With growth in the UK economy slowing and problems persisting in the global economy there was little prospect of all the vacant space being occupied in the near future.  Clearly something had to change. 

Well, at last, the situation is changing and anyone visiting Camberley will have seen scaffolding being erected, building materials being delivered and cranes on the skyline.

Four schemes are currently under construction in Camberley town centre with a fifth due to start; the old Sun Microsystems office, Sun House, on Pembroke Broadway has gone and a Travelodge budget hotel and three restaurants are being built.  The former St Georges Court office, once occupied by Nokia, in the High Street is being converted into 23 flats and Central House, another former office building, on the corner of Park Street and Pembroke Broadway, is being converted into serviced apartments.  Valzan House in London Road, an office again, has been given the go ahead to be converted into nine flats. 

In all 68,000 sq ft of office space has been taken out of the oversupply, reducing the amount of space available to 140,000 sq ft although this still represents 38% of all the office space in the town centre.

Finally, the former Sandhurst Tup public house on the corner of Park Street and London Road has gone and in its place a new Premier Inn budget hotel and three restaurants are being built.

Camberley is changing and these are positive changes which can only help the town grow and prosper.

For further information please contact the Camberley office of DB Real Estate on 01276 538300 or by e mail – info@dbre.co.uk

NEVER GIVE UP!

DB Real Estate can confirm that Speymill Contracts Ltd have taken an office suite of 800 sq ft in Admiral House, Camberley, where there is just 12 months left until the tenants headlease expires.

DB Real Estate act for Logica who hold the headlease until the end of June 2012.  Recognising that Speymill had won the tender to build the new Premier Inn next door, DB Real Estate approached Speymill to suggest they could take office space next door at Admiral House, for their works office rather than pay for Portacabins on site. 

Speymill decided this was a good idea and took a self-contained office on the ground floor until June 2102.  This does show that you should not give up, there are always short term requirements around, sometimes it is more a question of un-earthing them.

DB Real Estate acted for Logica whilst Speymill represented themselves.

For further information please contact the Camberley office of DB Real Estate on (01276) 538300

GREAT NEWS FOR THE WIDER CAMBERLEY ECONOMY

DB Real Estate is delighted to confirm that Spring Personnel Ltd has completed a new lease for a new branch in Camberley at 67/73 Park Street.

Spring Personnel has taken a new 3 year, flexible, lease on Suite 1, on all inclusive terms, which provides 670 sq ft of good quality office space, on the edge of the town centre and opposite the new leisure and retail scheme, The Atrium.

This is the first new location that Spring Personnel have opened in 3 years! which has to be seen as great news for Camberley.

DB Real Estate is also offering Suites 2 and 3, providing 530 sq ft to 1,190 sq ft, on flexible lease terms at an all-inclusive charge of £12.50 per sq ft.

For further information regarding the letting and for more information on the available office space, please contact the Camberley office of DB Real Estate on (01276) 538300.

BOEING DEFENCE UK LTD LAND IN FLEET IN THE MOST SIGNIFICANT LETTING IN FLEET THIS YEAR

DB Real Estate are delighted to announce that Boeing Defence UK Ltd have taken Integration House, Rye Close, Ancells Business Park, Fleet a 12,000 sq ft detached, refurbished, headquarters office.  The building has been sub-let by Gleeson Group plc until June 2017.

Boeing is the world’s leading aerospace company and the largest manufacturer of commercial jetliners and military aircraft and employs over 1,000 people across the UK supporting Ministry of Defence and U.S. military programmes.

Integration House was refurbished by Gleeson Group plc and provides high quality, full fitted, office space.  The rent was agreed at £16.50 per sq ft and a rent free period was agreed.

DB Real Estate acted for Gleeson Group plc whilst CB Richard Ellis acted for Boeing Defence UK Ltd.

For further information please contact the Camberley office of DB Real Estate on (01276) 538300 or CB Richard Ellis on 0207 182 2000

HI-SPEED SERVICES LTD EXPAND INTO 10,000 SQ FT IN CAMBERLEY IN DOUBLE QUICK TIME

DB Real Estate are very pleased to announce that HI-speed Services Ltd, the courier and haulage company, have expanded into a great new industrial facility, Unit 9 Lawrence Way, Camberley and completed a new 10 year lease on the 10,000 sq ft industrial property. 

Hi-Speed Services decided on the premises just 2 weeks before they had to vacate their existing premises!  Everyone involved moved quickly and Hi-Speed was provided with a temporary facility on the estate so they could meet there deadlines while the new lease on the long term facility was sorted out.  The new lease took just 4 weeks to complete!!

DB Real Estate acted for the landlords, Hi-Speed services represented themselves in the negotiations.

The industrial estate is managed by CBRE Investors Ltd and DB Real Estate are offering further units on behalf of CBRE Investors, ranging in size from 6,600 sq ft up to 26,500 sq ft  For further information please contact the Camberley office of DB Real Estate on (01276) 538300.

A GREAT DEAL NEGOTIATED BY DB REAL ESTATE

Stratagies Ltd have completed a new lease on their existing office space at 2 Albany Court, Albany Park, Camberley.  The new lease is for a period of 5 years from June 2011.

Strategies instructed DB Real Estate to negotiate an attractive package on their behalf.  Not only were DB Real Estate successful in negotiating a substantial reduction in the rent that Strategies were previously paying but we also agreed that only 50% of that reduced rent would be charged by the landlord for 2 years!!

If you need assistance in negotiating the best package available on a commercial property then call DB Real Estate.

For further information regarding this transaction and for more information on office space in general, please contact the Camberley office of DB Real Estate on (01276) 538300.

GONE IN 60 DAYS!!

In April this year DB Real Estate where brought in to market two vacant industrial units at Robin Hood Works, Woking which had been empty for some time and the landlords were keen to find tenants as soon as possible and so DB Real Estate where instructed to act as joint sole agents by the landlords, Glen House Estates.

After approx. 60 days of being appointed both units were let or under offer Robin Hood Works is now fully occupied.

Robin Hood Works provides smaller industrial units available on flexible terms and the two units let, numbers 1 and 4, were 2,223 sq ft and 2,944 sq ft respectively.  A rent of £8.00 per sq ft was being quoted.

This is further evidence that the commercial property market is not as bad as some would suggest! If you want to make things happen, call DB Real Estate.

For further information regarding Robin Hood Works please contact the Woking office of DB Real Estate on (01483) 340000.

TWO NEW OCCUPIERS FOR ADMIRAL HOUSE, CAMBERLEY

It can be done! - DB Real Estate has let office space to two office occupiers who have just moved into their new offices at Admiral House, London Road, Camberley and a third occupier is set to join them.

Global D8 Ltd and Q-Nomy UK Ltd have taken two suites of offices on the third floor, providing 1,730 sq ft and 1,630 sq ft respectively.

Each office suite has been taken on a new sub-lease through to June 2012 when the existing head-lease on the whole building to Logica, expires.

DB Real Estate acted for Logica who are delighted with the lettings at Admiral House despite the difficult market conditions.  For further information regarding the lettings please contact the Camberley office of DB Real Estate on (01276) 538300.

VOTE OF CONFIDENCE FOR BAGSHOT

DB Real Estate have announced the letting of 61 London Road, Bagshot to Woodlodge Products Ltd and Vision Insurance who have taken a new 5 year lease on 1,623 sq ft of great quality, refurbished, period, office space from the landlords and owner occupiers of the adjoining building, Eurodata Ltd. 

A competitive rental package was being offered and this was taken up by the tenant, who is paying £18,000 per annum.

DB Real Estate acted for Eurodata Ltd who are delighted with the letting, in what is still a very difficult market.  Woodlodge Products Ltd and Vision Insurance relocated from Chertsey which is a great vote of confidence for Bagshot and hopefully other occupiers will see the attractions the Blackwater Valley area has to offer.

For further information regarding the letting please contact the Camberley office of DB Real Estate on (01276) 538300.

REGENERATION STARTS WITH INDUSTRIAL LETTING

DB Real Estate are very pleased to confirm that the regeneration of North Town, Aldershot is to start within a matter of days with the demolition of part of Denmark Square and the construction of phase one which is to provide 159 new houses.  DB Real Estate has negotiated a letting of existing industrial space to Leadbitter Contracts, the appointed contractor, which has taken a lease on 17,500 sq ft at Unit 1, Eastern Road, Aldershot, for 2 years, the contract period for phase one.

The owners of the property, which stands on a site of nearly one acre, are likely to sell the property with the benefit of the income from Leadbitter.  For further information please contact the Camberley office of DB Real Estate on (01276) 538300.

SHRED-ON-SITE SIGN UP FOR 12,000 SQ FT AT TRAFALGAR WAY, CAMBERLEY

DB Real Estate are very pleased to confirm that we have let a 12,000 sq ft industrial unit to a Chertsey occupier, Shred-On-Site the confidential paper shredding company.  They have completed a new lease to run to December 2018 at a rent of £6.50 per sq ft and this was all done within just 6 weeks of the solicitors being instructed!

The whole industrial estate is managed by LaSalle Investment Management Ltd and DB Real Estate are offering further units on behalf of LaSalle, ranging in size from 8,000 sq ft up to 26,500 sq ft  For further information please contact the Camberley office of DB Real Estate on (01276) 538300.

ANOTHER OCCUPIER COMMITS TO CAMBERLEY

DB Real Estate can confirm that Knights and Sons Security have taken a lease on 4,200 sq ft of refurbished office space at Tuscam House, Tuscam Trading Estate, Yorktown Business Park, Camberley.

The landlords, LaSalle Investment Management Ltd, are delighted with the letting, which means that Tuscam House is now fully let.

Knights and Sons Security have expanded from their former offices in The High Street, Frimley and the move to Tuscam House is all part of the company’s continuing growth and expansion.

DB Real Estate acted for the landlords and are currently offering 3 trade counter/industrial properties on the same development, which can provide from 7,800 sq ft up to 26,000 sq ft.

For further information regarding The Tuscam Trading Estate please contact the Camberley office of DB Real Estate on (01276) 538300

SOLD! – AVIVA SELL ‘SABRE’, LONDON ROAD, CAMBERLEY.

Good news is what the Camberley office market needs and this is exactly what this is.

ACT Foundation (Basepoint, the serviced office operator) has bought the whole of Sabre, 377-399 London Road, Camberley, which was first developed in approx. 2005, for £2.4M. 

Sabre, as the property is currently known, provides 32,250 sq ft of high quality office space and Basepoint have already started work in the building to create high quality offices ranging in size from rooms of approx., 200 sq ft up to floors of 8,000 sq ft plus.  There will be shared kitchens and break out areas for the occupiers to use plus meeting rooms which will be available to book and use on a pay as you go basis.

This is probably the last time the building will be referred to as Sabre, as the new centre will almost certainly have a new name once the fitting out works have been completed and the centre is launched. 

There is also likely to be a new marketing team dealing with the letting of the offices – more news on this is to follow!

A REAL PIECE OF HISTORY ON OUR DOOR STEP!

DB Real Estate can confirm that a decision is expected very soon on the refurbishment of up to 30,000 sq ft of office space at Abbey House, Farnborough Road, Farnborough. 

If the landlords get the go ahead to refurbish the space then office suites, from 1,000 sq ft right up to 30,000 sq ft, will be made available on an attractive and flexible, all-inclusive basis and DB Real Estate are instructed by the landlords to find the new tenants.

As well as sitting only a couple of hundred yards away Farnborough’s mailine railway station and town centre, Abbey House also sits in front of St Micheals Abbey (hence the name) which is one of Farnbourough’s little known treasures and a real piece of history, as the Abbey is the final resting place of Napoleon III.

“GREEN” LIGHT FOR WWF-UK HEADQUARTERS IN WOKING

WWF-UK (the World Wide Fund for Nature) has obtained planning approval for its new 39,000 sq ft (3,600 sq m) ultra green, sustainable headquarters, to be built on the Brewery Road car park site, in Woking.

The environmentally intelligent building will incorporate an eye catching timber arched roof and it will provide a new purpose-built headquarters for WWF-UK, when it moves out of its existing offices in Godalming.

The plan is for WWF-UK to be able to showcase its work through the building itself, which will incorporate many state of the art sustainable building techniques and the building will also incorporate a visitor’s centre.

WWF-UK will be looking to develop the site during 2012/13.  For further information please contact the Woking office of DB Real Estate.

THE MOD ANNOUNCES HUGE REGENERATION PROJECT

Defence Estates, the Ministry of Defence’s property arm, has chosen Grainger to develop 4,500 houses as part of the regeneration of a 365 acre site in Aldershot, part of Aldershot Garrison which is no longer needed by the Army.  This is a huge project that will last for a decade and will change the face of Aldershot and is one of the largest brownfield sites in the whole of the South East of England. 

People have long talked about Aldershot as being an improving area and maybe this massive regeneration project will finally kick start these improvements. 

DB REAL ESTATE LAUNCHES IN CAMBERLEY AND WOKING

After spending a number of years trading as Baker Davidson Thomas I am delighted to announce that with immediate effect I will be changing the name that I trade under to DB Real Estate.

Apart from the trading name very little will change in real terms, I will continue to be active in the Blackwater Valley and Woking areas and I am also expanding the operation by opening an office in Woking. 

I am very excited about the changes and I am looking forward to the future.