This project was worked on by the following people, working in partnership from across our business…
A 2.7 acre industrial estate with a planning consent to re-purpose this existing asset to provide a new 45,000 sqft office building for Workspace Plc with 254 residential units.
The objective was to engage with developers in a competitive informal tender that re-developed the existing asset in order to hand back a brand new office building for the Workspace portfolio with an additional capital receipt.
This objective was achieved with a greater capital receipt than anticipated.
Montagu Evans utilised their development, agency, viability and planning services to achieve this with the landowner and the developer.
"I have worked with Adrian and his team at Montagu Evans for a number of years through different market cycles with differing Workspace assets. The nature of our portfolio regeneration is complex and each asset requires a different structure. The Montagu Evans team always considers our objectives and has to date surpassed our expectations with the advice provided and their knowledge of the target market in changing cycles. This has delivered the right outcomes as it did again with the re-purposing of our Marshgate Industrial Estate."