Engineer Park, Sandycroft
Working alongside clients WR Estates Ltd, Legat Owen has bucked the economic gloom by securing two major lettings at its Sandycroft trading estate, Engineer Park.
International parcel delivery firm Fedex (UK) Ltd has taken additional space to expand its depot to over 20,000 sq ft, whilst a newcomer to the estate, North Wales Aero Forms Ltd, has signed up for just under 9,000 sq ft. Please contact Mark Diaper 01244 408236 for current availability.
Carluccio's take a bite of Chester
Authentic Italian food company Carluccio's have acquired the former Yorkshire Bank premises on Bridge Street in Chester. Carluccio's who have some 45 restaurants in the UK have taken a new 25 year lease at a rent of £95,000 per annum from the Grosvenor Estate.
Llyr Emanuel, head of the Retail Department at Legat Owen who represented Carluccio's in the transaction, commented ‘this is good news for Chester and an excellent brand to have on Bridge Street. 38 Bridge Street is a substantial and attractive property and will provide an excellent home for Carluccio's’.
Eastgate Street, Chester - Currys Digital
Acting on behalf of Standard Life, Legat Owen have let the former USC on Eastgate Street to DSG Retail Limited who will trade the store as a Currys Digital. DSG have taken a new 10 year lease at a rent of £230,000 per annum. Llyr Emanuel, Head of Legat Owen Retail Department is delighted with the deal and comments “This letting proves there is active demand for prime retail space in Chester from the leading national multiple retailers. This is great news for Eastgate Street and it was interesting to note there were two under bidders!”
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Caernarfon - Brynseiont Hospital
We are pleased to confirm that on behalf of Welsh Health Estates and Betsi Cadwaladr University Health Board Legat Owen have completed the sale of Brynseiont Hospital, Caernarfon to the Pendine Park Care Organisation.
The site comprised a former Community Hospital set within a landscaped environment on the outskirts of Caernarfon. The property extended to 22,500 sq ft on a site of 4.76 acres.
One of the North West's Largest Office Deals
The transaction, structured by Peter Johnston, head of the firm’s business space, involved selling, for some £19M, 82,000 sq ft of new high quality offices within HQ to Chester West & Chester Council, whilst also arranging the purchase of the Local Authority’s 240,000 sq ft County Hall and Court by Chester University.
HQ, developed by Liberty, stands on the site of the old Police Headquarters, and now provides one of Chester’s most prestigious multi-use developments.
Preston Brook - Modern Office Letting
Acting on behalf of Redrow, Legat Owen has let 10,000 sq ft of modern offices at Priory Court, Preston Brook, Runcorn to Projen PLC ( www.projen.co.uk ). The letting was secured within six months of being instructed at a headline rental of £14.00 psf. Legat Owen are now instructed to sell the investment. Further information is available from Will Sadler.
VW Audi Warrington - Investment Acquisition
Acting on behalf of Atmore Developments Limited, Legat Owen have recently acquired this investment at Charon Way, Gemini Retail Park, Warrington for a sum approaching £4.7M, reflecting an initial yield of 7%.
The showroom is let to Volkswagen Group UK Limited for a term of eighteen and a half years remaining. The current rent of £347,800 per annum is subject to a minimum uplift on the first review in August 2012. For further information contact Peter Owen.
James Lutton MRICS - Chartered Surveyor
The Company is very pleased to announce that James has completed his training for the Royal Institution of Chartered Surveyors and is now fully qualified. James works in retail agency and has advanced through the Company's graduate training programme, returning to Legat Owen after first joining as a sandwich student.
QHP in Expansion Drive
Quality Hydraulic Power Limited have recently completed the lease of Taylor House in Minerva Avenue on the Chester West Employment Park. The building, which comprises a modern manufacturing facility with two storey offices, extends to 38,000 sq ft. QHP specialise in the manufacturing of Accumulators and Coolers used in a wide range of commercial uses. Legat Owen’s business space team advised the landlord in relation to the letting.
Jack Wills comes to Chester
The fashionable university retailer has acquired the former Evans unit at 22/24 Eastgate Street taking a 15 year lease at £285,000pa. Acting on behalf of Royal London Llyr Emanuel , head of the firm's retail team, achieved the letting after securing the surrender of Evans' lease . The rent agreed will show a new Zone A level for Eastgate Street of around £220 per sq ft.
Regional Winner
Legat Owen is very pleased to have won the Estates Gazette's Most Active Regional Agent Award for the number of deals it has transacted over the last 12 months. Despite the uncertainties of the marketplace the firm's investment, retail, industrial and office agency teams have been busy with both disposals and acquisitions.
25/29 Listergate, Nottingham - Prime Retail Investment
Acting on behalf of a private trust client Ian Davies has recently completed this investment acquisition for a price of £4m, reflecting a yield in the order of 6%. The property occupies a prime location next to the Broadmarsh Shopping Centre and comprises two shops let to Bradford & Bingley and Fonehouse.
Mark Diaper MRICS
Legat Owen are pleased to announce that Mark Diaper recently completed his Assessment of Professional Competence and is now a fully fledged Chartered Surveyor.
Mark joined the company as a trainee and is now part of the Industrial Agency team, dealing with the Deeside and Wrexham Industrial Estates, and acquiring units on behalf of Plumbase.
May 2008 - New Website Launched
Legat Owen is very pleased to launch it's new website. It has a great visual impact and gives visitors easy and rapid access to search for all types of property, as well as providing details of the company and the services it offers.
It was imaginatively designed and installed by CoCreate
Legat Owen Sponsors Winning Team
Congratulations to Chester Rugby Club who recently won the EDF Energy Intermediate Cup at Twickenham. Sponsored by Legat Owen, the team won the final with a 21-18 victory over local rivals Birkenhead Park. This caps off what has been a fantastic season for the Club, winning the League as well, resulting in promotion back to North 1.