Our Property Sectors
Warehousing & Industrial
Whether you are an investor, developer, landlord or occupier of industrial space Brasier Freeth’s provides a range of services to the warehousing and industrial market including:
- Acquisitions, disposals and lettings of industrial and warehouse properties including standalone industrial units, individual warehouses and entire industrial estates
- Lease advisory services including rent reviews, lease re-gears and lease renewals
- Building surveying including dilapidations, project management of industrial/warehouse fit-outs and refurbishments
- Valuations of industrial and warehouse properties
- Planning and development consultancy
- Property management of multi-tenanted estates
Our experienced Business Space Agency Team has extensive knowledge of the industrial and warehouse market and up to date transactional evidence ensuring that we are well versed in how the market is performing at any given time. Our Valuers, Building Surveyors and Consultants work with our Agents to offer our industrial clients unrivalled convenience providing a comprehensive and seamless service.
One such client who has benefited from the broad range of skills offered by Brasier Freeth to this market is SEGRO – a leading owner, asset manager and developer of modern warehousing and light industrial properties.
Case Study – Network 41, Bourne End Mills
A site was identified that could potentially be acquired for our client, Albion Land – a leading commercial property development company. We believed the 10 acre industrial estate ‘Bourne End Mills’, situated just off the A41 west of Hemel Hempstead in Hertfordshire, would make an excellent development opportunity.
Having initiated discussions with the owners on behalf of our client our Team provided a substantial amount of information in relation to tenure, planning and rent/pricing to support the purchase bid. Albion Land was the successful bidder and exchanged contracts for the purchase conditional on obtaining planning consent.
Just minutes from the M25, this prime site had a chequered history in planning terms with a consent in place for a 150,000 sq. ft. distribution warehouse. Having failed to achieve planning consent in late 2014 for an improved warehouse scheme Albion persevered and working with our Team was able to find a solution suitable for both the client and the planning authorities. In April 2015, Albion took a view that an adjusted but workable scheme could be progressed and the site was purchased for just over £6 million.
Albion Land continued to negotiate with the Local Planning Authority with the result that approximately half the site gained planning permission for a residential development and half for a multi-unit industrial scheme targeted at owner/occupiers.
As a commercial developer, Albion Land did not wish to develop the residential site and instructed Brasier Freeth to sell which was completed in Autumn 2016 at a sale price of over £9 million.
Meanwhile, Albion commenced development of the 70,000 sq. ft. 12 unit industrial scheme named Network 41. Construction started in April 2016 and Brasier Freeth offered the opportunities to the market off plan. Despite it being immediately pre and then post the Brexit referendum, we experienced strong interest and swiftly all the small units were placed under offer to owner/occupiers at or above the asking prices.
The one larger unit of 30,000 sq. ft. was sold to an investor and Brasier Freeth has subsequently been instructed to find a tenant.
The scheme completed at the end of February 2017 and all 12 units were sold.
For further examples of our work within the warehousing and industrial sector please visit our case studies page.