Ricardsons Capital LLP & Thorngrove Land & Property

Break Ground at Nickel 28

Work is officially underway at Nickel 28 – a 261,000 sq.ft. distribution warehouse on the South Normanton Industrial Estate in Derbyshire – as joint venture partners, Richardsons Capital LLP and Thorngrove Land & Property Limited have broken ground on site.  Winvic Construction Limited, the appointed contractors, has finished clearing the site and is already ahead of the 40 week construction programme.

The new high bay warehouse, which is situated on High View Road, less than less than one mile from junction 28 of the M1, will comprise a warehouse with associated office accommodation, a large 50m yard, generous lorry parking facilities, 24 dock loading doors, a secure gatehouse and double stacking entrance road.

Lee Charnley, Managing Director of Thorngrove Land & Property, comments: “We are very excited to have reached this important milestone and aim to have the unit ready for occupation by August of this year.  Our decision to develop this scheme speculatively is testament to our confidence in this superb warehouse, which will address an obvious gap in the logistical market for fully available, high quality and well located accommodation.”

Commercial Property Partners and Cushman & Wakefield have been retained as the joint letting agents.

Click here to download Nickel 28 Brochure

Pochin’s to Deliver New Residential Scheme for Sandbach

North West specialists appointed by Thorngrove Land & Property

North West property and construction specialist, Pochin’s Ltd, has been appointed by Thorngrove Land & Property Limited, to deliver a luxury residential development in Sandbach, Cheshire.

The new development, Copper Beeches, will comprise a select number of detached new-build houses, together with a single large Victorian property.

Lee Charnley, managing director of Thorngrove Land & Property, commented: “Having worked with Pochin’s in the past, I am more than confident that they will deliver the scheme to the high standards that we expect. Completion of the new build houses is expected in summer, with the jewel in the crown of the development, a fully renovated Victorian period home, being ready in late spring.”

Copper Beeches will be located in an exclusive gated community close to Sandbach Railway Station, and neighbouring Elworth Cricket Club.

Lee continues: “All of the properties at Copper Beeches bring together considered interior design and high-quality materials, along with the technology and modern conveniences that make a house a home.”

Jim Nicholson, CEO at Pochin’s Ltd, added: “This latest project illustrates our continued commitment to high quality residential development in the region. We have a fantastic relationship with Lee and the team, and are looking forward to the successful delivery of the scheme.”

Butters John Bee has been instructed as the selling agent.

Click here to download Copper Beeches Brochure

Land Sold to Crowdfunding Developer

Thorngrove Disposes of Site in Off Market Deal

Thorngrove Land & Property Limited has sold a residential development site in Sandbach to the House Crowd, a crowdfunding company specialising in peer to peer lending, buy to let investments and property developments for an undisclosed sum.

The site, which is situated off Coppenhall Way in the centre of Sandbach, was initially acquired by Thorngrove as part of series of linked acquisitions of undeveloped and unconsented land last year.  Thorngrove subsequently secured planning permission for a new residential scheme on the site.

Lee Charnley, Managing Director of Thorgrove, says: “We bought a number of parcels of land last year as part of our strategic plan to continue to grow our residential development arm. After being approached by the House Crowd regarding one of these sites, we decided to sell enabling us to concentrate our resources on the other residential developments in the pipeline, which are now on site and under construction.”

Justin Molloy, Development Director for the House Crowd, comments: “We are always on the lookout for great consented schemes to develop and add to our ever-growing development pipeline, with Thorngrove’s site off Coppenhall Way fitting our business model perfectly.  We were pleased that we were able to work well with Thorngrove and complete the deal quickly resulting in a positive outcome for both parties”.

Nickel 28, South Normanton

Thorngrove Land & Property Limited has acquired a 170,000sq.ft. warehouse and distribution investment as part of a joint venture with Richardsons Capital.

The EBDC complex, forming a key part of the South Normanton Industrial Area has a total site area of 18 acres, including 3.5acres of higher value use development land. The tenants include Equip Outdoor Technologies, Alliance Healthcare, Burrows Recovery and Morrison Utility Services.

Mark Watkins of Richardsons Capital of said: “We are very pleased to have secured the purchase of EBDC in our first joint venture with Thorngrove. The estate provides a good performing, income producing commercial complex with an impressive tenant line up providing opportunity for growth in the short term and obvious strategic plans for our JV moving forward. Junction 28 is a popular part of the East Midlands and we are excited by the prospects this acquisition gives us.”

The instruction was handled by both CPP’s Sheffield office and Nottingham office. Sean Bremner partner of CPP said: “This is a significant transaction for CPP demonstrating our ability to promote regional investment property to a national market. Strong interest has been expressed since its introduction and we are delighted to have secured the sale to Thorngrove Land & Property and Richardsons Capital. Personally, it is a site I have worked on for 14 years dealing with various lettings and we look forward to continuing our involvement with the new owners both in an agency and property management capacity.”