Partner Article

Sheffield property consultancy CPP advises on two deals worth £20 million in one month

Sheffield-based Commercial Property Partners, has advised on two investment deals worth £20 million during the past month.

The niche consultancy was involved in both the sale of a 152,000 sq ft industrial unit at Magna 34 Business Park in Rotherham to London Metric Property and the sale of a 264,450 sq ft industrial warehouse at Gateway 28 in Sutton-in-Ashfield, North Nottinghamshire, to Legal and General Property for approximately £20 million.

Roger Haworth, partner with CPP, commented: “We strongly believe these two very significant deals have put us on the map. Although we were only formed 10 months ago, we have already been involved in some of the most high-profile deals in the Yorkshire and East Midlands region”.

“Both transactions were great results in the current market where there is lots of aggressive bidding for prime, long-let industrial assets with good covenants.

“Regarding the Magna deal, the high profile nature of the tenants Royal Mail, who were listed on the London Stock Exchange in October 2013, coupled with the quality of build, proved key in attracting investor interest.”

“Meanwhile the Gateway 28 deal is one of the biggest of its kind in the region this year. Built in 2008, the warehouse unit is occupied by the UK’s leading UPVC profile manufacturer and distributor, Eurocell, and is located just five miles away from the firm’s head office and manufacturing facility”.

Commercial Property Partners (CPP) was launched by Roger Haworth and Toby Vernon, two of South Yorkshire’s best-known property agents, last autumn.

Toby Vernon and Roger Haworth left CBRE, where they were both senior directors, to found CPP because they felt there was a need for an independent and dynamic cross-sector agency in South Yorkshire

Together, Vernon and Haworth have more than 30 years’ experience of working in the commercial property market in Yorkshire, the North Midlands and the North East. Before joining CBRE, they opened the northern office of M3 in May 2007 which was a specialist industrial and logistics agency practice. M3 was subsequently bought by CBRE.

Roger commented: “Our regional focus is on Yorkshire, the North Midlands and the North East. Few, if any, of our rivals cover this extensive area from one office, so our large geographical scope gives us a major advantage when advising our clients and sourcing and concluding deals,” he said.

“We have hitting the ground running, with over 3m sq ft of buildings to market, together with 550 acres of development land. We have had great support from our very loyal client base and are developing these relationships further.”

This was posted in Bdaily's Members' News section by Clare Burnett .