Tag Archives: commercial property

Bruntwood Attracts More Customers To Sale Point

Bruntwood, the privately owned commercial property company, has announced that debt management company, Harrington Brooks and Trafford Housing Trust have both taken up office space at Point Sale in Greater Manchester, with each company taking 16,375 sq ft and 21,110 sq ft respectively. This now means 80% of office space available at the property has been pre-let, three months before refurbishments are due to complete.

Bruntwood Attracts More Customers To Sale Point

Andrew Butterworth, Sales Director at Bruntwood said: “We are delighted to welcome these new customers. These deals truly reflect the high quality and cost effectiveness of the office space available and our ability to successfully accommodate business specific requirements.”

Sale Point is currently undergoing an extensive refurbishment to create high specification offices with a new entrance and reception on Washway Road in Sale.

Matthew Cheetham, Chief Executive Officer at Harrington Brooks said: “We’re impressed with the way the new works are shaping up. The new reception and entrance will provide an impressive welcome for our staff and visitors and we’re looking forward to taking occupation at the building this summer.”

With this 37,485 sq ft of offices secured, Bruntwood and retained agents King Sturge and WHR are now talking to other parties regarding much of the remaining 9,656 sq ft of office space.

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Bruntwood Expands Its Serviced Office Portfolio In Manchester

Bruntwood, the North of England commercial property company, has announced that it is to open up a new floor of serviced office space at Manchester’s Centurion House on Deansgate. This will take its serviced office portfolio to over 1800 desks across Manchester, Liverpool, Leeds and Birmingham.

The new suites will provide additional cost efficient office space for small to medium sized businesses who want to be located on Deansgate, a high profile location right in the heart of the Manchester city centre. Customers in the newly developed space will also benefit from contemporary communal areas, onsite meeting rooms and a dedicated customer service team.

The building on Deansgate is owned and managed by Bruntwood and combines two floors of serviced office space alongside nine floors of conventional office space and ground floor meeting rooms.

Andrew Butterworth, Bruntwood’s Sales Director commented; “Demand for our serviced offices has always been strong. Our fully integrated office buildings where our serviced and conventional office customers work side by side have proven very successful, particularly in the current climate. This is because we can offer customers the ability to take short term serviced office space and then move into longer term conventional offices within the same building.”

The new serviced office suites will be available for occupation from May and the suites will be available to view from April.

Bruntwood currently proactively own and manage 90 properties across the cities of Manchester, Liverpool, Leeds and Birmingham, which are home to over 1,000 companies.

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Bruntwood Reports An Increase In Turnover Of 11.5% To £97m And Operating Profit Of 9.5% To £12.6m

North of England commercial property company Bruntwood has filed its latest set of accounts for the financial year 2009, reporting an increase in turnover of 11.5% to £97m and operating profit of 9.5% to £12.6m.

Chris Oglesby, Bruntwood’s chief executive, said: “Against a very difficult economic backdrop, I am proud of the way our team at Bruntwood have, once again, responded in delivering another very good set of results. Property values may have fallen in response to the investment market but the underlying fundamentals in our business continue to improve, as evidenced by the 9.5% increase in profit before tax up to £12.6m.”

Further to a full revaluation of the portfolio by Knight Frank in September 2009, Bruntwood’s fixed assets now stand at £912m. This figure is down seven per cent on last year and is the first time in the company’s 30 year history it has seen a reduction in its property values.

Chris Oglesby said: “Whilst a drop in our property values was not unexpected, our conservative approach to valuations at the top of the market has meant they have held up exceptionally well. Our September year end was at, what we believe, to be the bottom of the market. Since then, there has been a considerable rally in property values and I am confident we will see the value of Bruntwood’s portfolio grow again in our 2010 financial year. That said, more important to us as a business is income, the true value that we are creating via the lettings we achieve. In this respect, the business remains incredibly healthy with rental income being 216% of our interest costs.

“Our performance through the economic downturn, allied to the feedback we get from our customers and business partners, reinforces our belief that we have a great business model and a great team. 2010 is likely to be a year when Bruntwood start to invest again in expansion and we look forward to the year confident and enthusiastic with, as ever, our customers at the heart of everything we do.”

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Bruntwood Welcomes New Years Lettings

Bruntwood, the North of England property group, is enjoying a busy start to the year after securing four new lettings at the Cotton Exchange in Liverpool’s commercial district.

Lettings totalling 6,100 sq ft of office space have been agreed with HH Law, iProgress, Medicals Direct and MJP Justice at the Grade II listed building.

Medicals Direct, a health service provider to the insurance sector, has taken a 1,000 sq ft office on the building’s fifth floor. The company has also let a 3,000 sq ft suite in Bruntwood’s St Christopher House property in Stockport. Personal injury specialist HH Law has signed a three-year lease on a 700 sq ft refurbished office.

Web design company iProgress is moving into a 400 sq ft suite on the sixth floor of the building, upgrading from a 200 sq ft office. Law firm, MJP Justice is also doubling its space in the Cotton Exchange, expanding from 2,000 sq ft to 4,000 sq ft. Both leases are for three- years.

Colin Forshaw, head of sales at Bruntwood, said: “These new lettings mark another great start to the year for Bruntwood and we are pleased to welcome such a wide range of businesses into the Cotton Exchange.

“The building remains one of our most popular properties and we’ve worked closely with our tenants to ensure they have the type and size of suite that they need. Lettings to companies such as Medicals Direct highlight the flexibility that Bruntwood offers in allowing customers to move seamlessly within our buildings as their business requirements change and they look to up or downsize.”

Paul Hampson, director at HH Law, said: “The Cotton Exchange was the perfect location for our business because it’s crucial for us to be located at the centre of the commercial district and legal community, close to clients, the courts and partners.”

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Bruntwood To Let A Further 5000 Sq Ft In Leeds City Centre

Bruntwood, the North of England property company, has let a further 5000 square feet in Leeds city centre with two new deals at 14 King Street. These recent lettings are to The Co-operative Bank Plc and Freedom Back Clinics, who are taking 2447 and 2642 sq ft respectively.

Bruntwood’s head of sales and development in Leeds, Craig Burrow, said: “We’re delighted to welcome both The Co-operative Bank and Freedom Back Clinics to 14 King Street. These deals highlight the fact the building continues to go from strength to strength and, since completing in January, we’re now 40% let. As such, we’re confident this success will continue.”

Both companies will join existing customers Charles Stanley Group Plc, Gatenby Sanderson and Venture Finance Plc at the building, leaving 22,000 sq ft of office space still available to let for which there is continued and strong interest.

About Bruntwood
Bruntwood is a privately owned commercial property company with over 30 years experience of providing great offices. Bruntwood owns over 90 office buildings in Liverpool, Leeds, Manchester and Birmingham. They provide office space, serviced offices, virtual offices, from one desk for one month, to entire office buildings for 25 years. Bruntwood also offers retail space and meeting rooms to hire within its buildings. The essential elements of the Bruntwood promise are to provide a wide choice of offices, commercial flexibility, world class customer service and long-term value for money.

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Bruntwood Announced That Recent Improvements To Its Website Have Proved A Success, As Office Space Enquiries See A Significant Boost Over The First Few Weeks Of Going Live

Bruntwood, commercial property company, has announced that recent improvements to its website have proved a success, as office space enquiries see a significant boost over the first few weeks of going live.

The changes to the site were completed following a desire by Bruntwood to improve their existing site in order to make it easier for customers to be able to search for office space, serviced offices, virtual offices and meeting rooms, as well as increasing the sites’ capability to showcase photos of the various office properties more prominently.

The redesign was undertaken by interactive design company magneticNorth (mN) and since its launch on the 30th of April Bruntwood has already seen increased office enquiries by 10% across the initial three weeks.

Simon Scott of Bruntwood said: “The new website is a one-stop shop all of our products. They are showcased in such a way that potential customers can quickly and easily locate an office that meets their exact requirements. With over 90 office buildings in Manchester, Liverpool, Leeds and Birmingham and five different products, it was essential that each region and product had a representation on the site, as well as and easy to use search function.”

Lou Cordwell, managing director, Magnetic North, said: “Bruntwood had a desire to increase the conversion between visitors to the site and follow-up enquires. Our design team facilitated this by creating a simple search functionality which allows customers to easily browse the company’s varied range of office spaces. In addition, the enhanced focus on photography delivers real impact as it demonstrates the variation of premium office space they have within their portfolio.”

About Bruntwood 
Bruntwood is a privately owned commercial property company with over 30 years experience of providing great offices. Bruntwood owns over 90 office buildings in Liverpool, Leeds, Manchester and Birmingham. They provide office space, serviced offices, virtual offices, from one desk for one month, to entire office buildings for 25 years. Bruntwood also offers retail space and meeting rooms to hire within its buildings. The essential elements of the Bruntwood promise are to provide a wide choice of offices, commercial flexibility, world class customer service and long-term value for money.

Each year Bruntwood donates over 10% of its annual profits to arts, civic and charitable causes and takes every opportunity to involve its customers.

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Bruntwood Confirms That It Is Progressing Well With Its £7m Redevelopment Of The McLaren Office Building In Birmingham’s City Centre

Bruntwood, commercial property company, has announced that it is progressing well with its £7m redevelopment of the McLaren office building in Birmingham’s city centre, and confirmed the scheduled October completion date.

McLaren office building in Birmingham's city centre

Since purchasing the 115,000 sq ft Birmingham office property in April 2008, Bruntwood has successfully refurbished seven office floors and delivered a brand new reception area.

Bruntwood sales surveyor Rob Valentine commented, “We’re delighted with progress so far and our customers are pleased with the improvements we’ve made with the office space in Birmingham. The new reception is a complete transformation. It’s light, bright and spacious and by the end of May we will have installed the new bridge link that will connect McLaren’s entrance with Priory Queensway. This is an important milestone for us and makes access to the office building much more user friendly.”

Having delivered the new reception and a selection of refurbished floors, Bruntwood’s work at the office building in Birmingham city centre is now focused on improving its external appearance. The works, scheduled to be complete by October, will include the installation of brand new spandrel panels, window film and signage, as well as complete gable cleaning, which will give the office building the look of a new build property.

This work has contributed to the offices at McLaren being occupied by customers including Birmingham City Council, Scott Wilson and American Express. The remaining office space is available to let f r o m  300 to 60,000 sq ft, which is large enough to accommodate companies wishing to house f r o m 3 to over 600 staff.

Rob Valentine said, “With experience of very similar office schemes in Manchester, Liverpool and Leeds, we’re confident our work will mean McLaren will continue to prove very popular. Not only this, our competitive rents and flexible leases will mean that occupiers looking to relocate in Birmingham will have access to exceptionally high specification, yet cost-effective office space. Because a lease is with Bruntwood and not the building, it also gives customers the ability to up and downsize throughout our 90 building office portfolio, as and when their business needs change, without penalty.”

Bruntwood are now in talks with a variety of parties regarding the remaining office space at the building, with two companies showing significant interest in two of the 5,500 sq ft floors.

About Bruntwood
Bruntwood owns over 90 office buildings in Liverpool, Leeds, Birmingham and Manchester offices. Bruntwood provides offices and serviced offices f r o m one desk for one month, to entire office buildings for 25 years. Bruntwood also has retail and commercial property space within its buildings and meeting rooms to hire.

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Bruntwood Completes Office Space Development At St Hughs In Bootle

Bruntwood, commercial property firm, has announced the completion of the development of St Hugh’s, the company’s first office development in Bootle, Liverpool. The building has undergone an extensive £3.6m transformation both externally and internally, which includes a new reception and some of the 

highest quality office space in Liverpool. The development at St Hugh’s is a 48,000 sq ft, six storey building located on Stanley Road in Bootle town centre.

Colin Forshaw, Bruntwood’s head of sales in Liverpool said, “The quality of the offices at St Hugh’s rivals many city centre alternatives but also offers greater value for money. The building has been designed to cater for businesses with between 1 and 500 people, so will accommodate a wide variety of office space requirements.”

Bruntwood currently has over 1,000 customers and holds a long term promise to respond to any changes in their property needs. The addition of St Hugh’s presents Bruntwood customers with a greater choice should they wish to up or downsize their requirements for office space in Liverpool at any time in the future.

Colin said, “We are committed to investing in Liverpool as a whole, and not just the city centre, so we have no reservations about investing a total of £4.25m in Bootle.”

Bruntwood sales director, Andrew Butterworth, commented, “Completing St Hugh’s means we can offer our Liverpool customers a greater variety in product and price along with greater flexibility to move around our portfolio as they require. Last year we helped 50 customers to expand and contract seamlessly and cost efficiently within the terms of their lease, showing the dedication we have for our customers’ business prosperity.”

All of Bruntwood’s office buildings have the added benefit of an on-site customer service team, who deliver a level of service more typically associated with a 5 star hotel. Bruntwood believes that the close relationships that its service teams have with the customers is one of the main reasons Bruntwood’s customer retention rate is 3 times higher than the national average.

About Bruntwood 
Bruntwood owns over 90 office buildings in Liverpool, Leeds, Birmingham and Manchester offices. Bruntwood provides offices and serviced offices from one desk for one month, to entire office buildings for 25 years. Bruntwood also has retail and commercial property space within its buildings and meeting rooms to hire.

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