Pi Acquires 60,000 Sq Ft Industrial Estate in Anglesey

The self-contained building is situated on a 7.67 acre site and has remained vacant following Rehau’s closure of the Anglesey factory in 2019.  Pi Real Estate has appointed independent architectural practice, AXI to undertake a complete refurbishment of the existing property.  The proposed plans will see the buildings transformed to create new office, workshop and warehouse space that can accommodate requirements from 500 sq ft up to 60,000 sq ft and will appeal to a wide range of businesses from start-ups to those looking to expand.

Andy Park, Managing Director of Hurstwood Holdings and Director of Pi Real Estate, comments: “The closure of the Rehau factory was a huge loss to the island, which has an abundance of skilled workers providing a major resource for an incoming occupier.  Working with the local council, we plan to make a significant investment to reconfigure the property to provide a state of the art, modern facility that will also have long term positive economic impact on the region.”

Andy adds: “Amlwch Industrial Estate now sits in a recently designated Enterprise Zone meaning that new occupiers will be able to benefit from the associated incentives.”

Lambert Smith Hampton acted on behalf of the vendor and former occupier, the Rehau Group.  King Street Commercial advised Hurstwood Holdings on the purchase. 

Legat Owen is the retained letting agents.

Together provided part of the funding for the deal.

Hurstwood Holdings Acquires Office Hq in Wythenshawe.

Hurstwood has acquired a 20,000 sq ft headquarter office building on Roundthorn Industrial Estate in Wythenshawe for an undisclosed sum representing a net initial yield of 15%.

The building is fully let to Maginus Software Solutions Limited. Carrick Real Estate represented the vendor, a private investor. Avison Young acted on behalf of Hurstwood.

Stephen Ashworth, Chairman and CEO of Hurstwood Holdings, says: “This was an excellent investment opportunity for us and makes a great addition to our long term portfolio. The HQ building is situated in an area of Greater Manchester that continues to benefit from significant investment and attract new businesses due to its strategic location close to the motorway network and Manchester Airport.”

Stephen continues: “We have worked with Ollie Rowe at Avison Young on a number of deals in the past and are delighted to have secured this latest one quickly and efficiently together with our trusted team including Rothschild who provided the funding and our legal advisors, Gateleys.”

Hurstwood Holdings is a commercial and residential property group with over £160m of property on 100 sites nationwide housing over 700 occupier clients.

Hurstwood holdings launches new property asset management company

Hurstwood Holdings has announced the launch of a new dedicated commercial investment and strategic property asset management platform, Hurstwood Asset Management (HAM).

Headed by Stephen Ashworth, CEO and Chairman of Hurstwood Holdings, together with Richard Bousfield, who was recruited specifically for this venture and has 20 years property experience, together with co-directors Andy Park, Sam Ashworth and Aimee Beaumont, HAM will provide a partner led service for third party investors including developers, funds and charities across regional markets throughout the UK on transactions ranging from £5 million up to £100 million. Jayne Hindle is the Group company lawyer.

Speaking of the initiative, Stephen Ashworth says: “Having built our own property portfolio to in excess of £300 million, we believed it was the right time to create our own standalone Investment vehicle for external investors.The Hurstwood Asset Management team has a proven 30 year track record of successfully trading investment stock nationally. By working with like minded investors, we offer bespoke solutions enabling third party investors to benefit from our skills and experience when making new acquisitions as well as managing the assets to add value and deliver exceptional returns.”

Richard adds: “With ESG at the forefront of our investment strategy, we are well placed to help guide investors through the evolving challenges that the market faces with regard to Net Zero and reducing energy consumption to promote sustainable, energy efficient investments that will be future proofed.”

Hurstwood Holdings Completes £40 Million Of New Acquisitions

Company Boosts Portfolio With The Addition of 15 New Properties in 2022: Portfolio Now Valued In Excess of £300 million

Hurstwood Holdings has cemented its biggest ever acquisition year with the completion of two new high yielding commercial purchases - Europa House on Gemini Business Park in Warrington and Alliance Court on Ludlow Eco Park in Shropshire.
These latest property assets culminated in a spend of £40 million across 15 commercial properties nationwide last year extending the company's national commercial property portfolio, which is now valued at in excess of £300 million.

Europa House is a 27,995 sq ft modern office building situated on a significant self contained site in the heart of a prime industrial area. Let to Schneider Electric and BMS Progress LLP, only 5,6990 sq ft remains available. B8 acted on behalf of the vendor, Threadneedle.

Alliance Court, which was being marketed by Singer Vale for a private investor, comprises two detatched office buildings totalling 15,191 sq ft which are both fully let to established occupiers, Premier Medical Group Limited and Implemental Limited on 10 year leases.

The properties were all bought for an undisclosed sum.

Stephen Ashworth, Chairman and CEO of Hurstwood Holdings, says: "2022 was an exceptional year for us as a company. To have expanded our property portfolio and complete on 15 new acquisition nationally - all within the stipulated timeframes and at the agreed price - is a remarkable achievement and all whilst remaining a privately owned business with no external investors. The efficiency and professionalism of our team is testament to what we have achieved and I also want to thank all of our
professional advisors and contractors for their constant support. We have some very exciting plans for 2023, which will be revealed in the coming weeks."

Hurstwood Holdings currently has a property portfolio comprising more than 150 sites nationwide housing in excess of 1,000 occupier clients.

Hurstwood Holdings Boosts Commercial Property Portfolio with £14 Million of New Acquistions

Latest Deals See a Total Spend of £35 million on New Properties This Year

Manchester based property investment and development company, Hurstwood Holdings has committed to a further £14 million of commercial property acquisitions in recent weeks as it continues to grow its national portfolio, which is now valued at in excess of £275 million.

Hurstwood Holdings has completed the purchase of six new properties – both industrial and office – nationwide which include:

The buildings were all sold for an undisclosed figure by auction or private treaty. Together provided the funding for each of the purchases.

Stephen Ashworth, Chairman and CEO of Hurstwood Holdings, says: “So far this year, we have acquired 15 new properties with a total investment value of over £35 million. We are always on the lookout for unique opportunities to boost our portfolio from fully occupied buildings to ones where we can capitalise on our in-house team’s expertise and add value. Whilst we are a North West based business, we are significantly increasing our presence nationally with properties in England, Scotland and Wales, spanning from Inverness to Ipswich. We have the experience and skills in house to manage large commercial investments having grown organically over the last 30 years which has helped shape the future of the business. Our focus is to buy property well and use our skills and efficiency of service to provide value and quality of space for our occupiers large and small and for all aspects of commercial uses.”

Hurstwood Holdings currently has a property portfolio comprising 150 sites nationwide housing more than 1,000 occupier clients.

Aimee Beaumont Promoted To Operations Director Of Hurstwood Holdings

AIMEE BEAUMONT PROMOTED TO OPERATIONS DIRECTOR OF HURSTWOOD HOLDINGS

Aimee Beaumont has been promoted to Operations director of Hurstwood Holdings and joining the main Group board after more than a decade working in the business.

In her new capacity as Operations Director, Aimee is responsible for the day to day running of the business.  Aimee began working for Hurstwood Holdings as a purchaser ledger 12 years ago during which time she has been actively involved in the majority of the company’s projects across all sectors including asset management, acquisitions and marketing.

Andy Park, Managing Director of Hurstwood Holdings, said: “Since Aimee joined the company, she has been instrumental in the growth of the company and I know that she will continue to develop and help drive the business to new heights.”

Commenting on her promotion, Aimee said: “As a business, Hurstwood continues to go from strength to strength, attracting the best talent in the market.  We have just had one of our best years ever and I am very excited about the future of the company.”

Hurstwood currently employs 100 people nationwide with 25 based in its head office in Manchester.

Hurstwood Secures £50 Million Refinancing Deal with Rothschild & Co

Manchester based Hurstwood has agreed £50 million in loan increases and refinancing through Rothschild & Co across two of its seven substantial property portfolios.
Rothschild & Co completed the financing for the Manchester based property investment and development company on the back of its previous lending agreements with the firm. The portfolios comprise a mix of commerical, investment, industrial and office schemes.
Andy Park, Managing Director of Hurstwood Holdings, comments:

Our first funding deal was agreed with Rothschild & Co in 2015 – at a time when debt funding was far more challenging than it is now – so it is particularly fitting that we have renewed our facility again, and a testament to the bank’s trust in our ability to deliver. This new funding will not only support our planned new developments, such as the 200,000 sq ft speculative industrial scheme at Lune Business Park in Lancaster, it will also allow us to continue to grow our commercial portfolio, which is now valued at over £250 million.

Andy continues:

I have been really impressed with the way in which the team at Rothschild & Co have supported us over the years, particularly the pragmatism and proactivity they have demonstrated in the completion of this latest deal. It has been a pleasure working with the team and to have benefited from its collaborative approach to business.

Ros Harper, Managing Director of Rothschild & Co Real Estate Debt Management, comments:

We are pleased to have been able to support Hurstwood in undertaking a programme of successful acquisitions, asset management and development initiatives over a number of years. The recent facility increases and refinancing are testament to the strong performance of its real estate portfolios. In particular, we are excited to be part of the new industrial development at Lune.

Hurstwood Holdings Launches Self Storage Concept "Lock it Self Storage"

Manchester based property investment and development company, Hurstwood Holdings has launched a new self-storage concept, Lock it Self Storage with its first premises set to open Wigan town centre before the end of the year.

Led by Hurstwood’s in house team of property experts and self-storage management, Lock it Self Storage will provide flexible storage solutions in strategic locations both in city and town centre locations and on the outskirts to accommodate growing demand from in both private residents and local entrepreneurs.

Stephen Ashworth, Chairman and CEO of Hurstwood Holdings, comments: “The first Hurstwood Storage, situated on Standishgate in Wigan, will see our team – led by project director, Sam Ashworth and Phil Brassell – repurpose a former night club to provide an 17,750 sq ft of state-of-the-art storage facility.  The self-storage sector is one that continues to benefit from strong growth with demand consistently far outstripping supply and by entering this area of the market, we will add a new layer of value to our already extensive real estate portfolio.”

Having already secured planning permission, Hurstwood is also in negotiations to convert the upper floors of the building, known as Bryan House, in to 45 one bed apartments.

Hurstwood plans to roll out its self-storage concept nationwide with further sites already identified in Lancaster, North Shields and Dumfries.

Hurstwood Holdings is a commercial and residential property group with over £250 million of properties on 135 site nationwide housing more than 1,000 occupier clients.

For further information please contact:

Anna de la Perrelle anna@delapr.com / 07876528773

Planning Granted For New Food Village At The Loreburne Centre

Hurstwood Holdings, the owners of the Loreburne Centre in Dumfries, has been granted planning permission for a new £500,000 indoor Food Village.

Designed by RGP Architects, the contemporary new Food Village will provide an eclectic array of local entrepreneurs and popular high street operators in 8,000 sq ft of space with flexible table and seating areas.  The project is going through the final stages of design and will be put out to tender in the coming weeks.

Michael O’Hagan, General Manager of Loreburne Centre, comments: “The feedback on the changes that Hurstwood has already made to the Centre has been fantastic and we are very much looking forward to this next important stage in its development as a key retail and leisure destination . The Food Village will dramatically improve our existing offering and is sure to attract new and existing visitors to the Centre and in turn, Dumfries. We plan to have the Food Village operational by Christmas this year.”

Hurstwood Holdings Boosts in House Team with Three Strategic Appointments

Hurstwood Holdings has boosted its in house team with three strategic new appointments. 
Jayne Hindle, who previously worked at CMS LLP, has been appointed as Group Solicitor. Phil Brassell has become Hurstwood’s new in-house Quantity Surveyor and Seamus Given, who relocated from Dorset to join the Manchester based estates management team. 
 
Andy Park, Managing Director of Hurstwood, says: “Last year, we increased our portfolio across all sectors which saw us acquire our first shopping centre as well as several new landmark office buildings and increased new house building activity across the North West.   Most recently, we secured planning permission for a further 200,000 sq ft industrial scheme in Lancaster.”
 
Andy adds: “As we continue to go from strength to strength and prepare for our next phase of growth, we are always looking for the right people to join our team.  Having Jayne come on board is a real coup for us as her knowledge and professionalism allows us to complete deals more efficiently than ever.  Phil’s expertise will provide a vital role in ensuring our developments remain on track and cost effective and I am confident that Seamus will fit in quickly into our asset management team.”
 
Commenting on her new position, Jayne says: “Hurstwood is a dynamic and ambitious company and to be a key part of its growth was a fantastic opportunity for me.  I am very excited to be working with the Hurstwood team and look forward to the new challenges that this role presents.”
 
With its head office based at 40 Peter Street in Manchester city centre, Hurstwood now employs 100 people nationwide.
 

Hurstwood Holdings has boosted its in house team with three strategic new appointments. 
Jayne Hindle, who previously worked at CMS LLP, has been appointed as Group Solicitor. Phil Brassell has become Hurstwood’s new in-house Quantity Surveyor and Seamus Given, who relocated from Dorset to join the Manchester based estates management team. 
 
Andy Park, Managing Director of Hurstwood, says: “Last year, we increased our portfolio across all sectors which saw us acquire our first shopping centre as well as several new landmark office buildings and increased new house building activity across the North West.   Most recently, we secured planning permission for a further 200,000 sq ft industrial scheme in Lancaster.”
 
Andy adds: “As we continue to go from strength to strength and prepare for our next phase of growth, we are always looking for the right people to join our team.  Having Jayne come on board is a real coup for us as her knowledge and professionalism allows us to complete deals more efficiently than ever.  Phil’s expertise will provide a vital role in ensuring our developments remain on track and cost effective and I am confident that Seamus will fit in quickly into our asset management team.”
 
Commenting on her new position, Jayne says: “Hurstwood is a dynamic and ambitious company and to be a key part of its growth was a fantastic opportunity for me.  I am very excited to be working with the Hurstwood team and look forward to the new challenges that this role presents.”
 
With its head office based at 40 Peter Street in Manchester city centre, Hurstwood now employs 100 people nationwide.
 

Hurstwood Holdings has boosted its in house team with three strategic new appointments. 
Jayne Hindle, who previously worked at CMS LLP, has been appointed as Group Solicitor. Phil Brassell has become Hurstwood’s new in-house Quantity Surveyor and Seamus Given, who relocated from Dorset to join the Manchester based estates management team. 
 
Andy Park, Managing Director of Hurstwood, says: “Last year, we increased our portfolio across all sectors which saw us acquire our first shopping centre as well as several new landmark office buildings and increased new house building activity across the North West.   Most recently, we secured planning permission for a further 200,000 sq ft industrial scheme in Lancaster.”
 
Andy adds: “As we continue to go from strength to strength and prepare for our next phase of growth, we are always looking for the right people to join our team.  Having Jayne come on board is a real coup for us as her knowledge and professionalism allows us to complete deals more efficiently than ever.  Phil’s expertise will provide a vital role in ensuring our developments remain on track and cost effective and I am confident that Seamus will fit in quickly into our asset management team.”
 
Commenting on her new position, Jayne says: “Hurstwood is a dynamic and ambitious company and to be a key part of its growth was a fantastic opportunity for me.  I am very excited to be working with the Hurstwood team and look forward to the new challenges that this role presents.”
 
With its head office based at 40 Peter Street in Manchester city centre, Hurstwood now employs 100 people nationwide.
 

Hurstwood Holdings has boosted its in house team with three strategic new appointments. 
Jayne Hindle, who previously worked at CMS LLP, has been appointed as Group Solicitor. Phil Brassell has become Hurstwood’s new in-house Quantity Surveyor and Seamus Given, who relocated from Dorset to join the Manchester based estates management team. 
 
Andy Park, Managing Director of Hurstwood, says: “Last year, we increased our portfolio across all sectors which saw us acquire our first shopping centre as well as several new landmark office buildings and increased new house building activity across the North West.   Most recently, we secured planning permission for a further 200,000 sq ft industrial scheme in Lancaster.”
 
Andy adds: “As we continue to go from strength to strength and prepare for our next phase of growth, we are always looking for the right people to join our team.  Having Jayne come on board is a real coup for us as her knowledge and professionalism allows us to complete deals more efficiently than ever.  Phil’s expertise will provide a vital role in ensuring our developments remain on track and cost effective and I am confident that Seamus will fit in quickly into our asset management team.”
 
Commenting on her new position, Jayne says: “Hurstwood is a dynamic and ambitious company and to be a key part of its growth was a fantastic opportunity for me.  I am very excited to be working with the Hurstwood team and look forward to the new challenges that this role presents.”
 
With its head office based at 40 Peter Street in Manchester city centre, Hurstwood now employs 100 people nationwide.
 

Hurstwood Holdings Acquires Bruntwood Office Building in Liverpool

Hurstwood Holdings has boosted its ever-growing commercial property portfolio with the acquisition of a 42,656 sq ft multi let office building in Bootle, Liverpool for an undisclosed sum from Bruntwood.
St Hugh’s is situated on the corner of Stanley Road and Trinity Road, in the heart of Bootle’s office quarter and is currently home to 17 occupiers including Morrison Utility Services and BioGrad Laboratories.  The six-storey building provides flexible office suites from 405 sq ft to 4,830 sq ft. 
 
Stephen Ashworth, Chairman and CEO of Hurstwood Holdings, comments: “This is a striking, landmark building that provides our fantastic opportunity for our in-house asset management team to do what we do best and further enhance its excellent facilities through proactive initiatives, refurbishment and investment.”
 
Stephen adds: “We are very appreciative of all the professional services who helped make this deal happen including Rothschild for its unwavering support and all at Bruntwood for the smooth transaction.”
 
Oliver Rowe of Avison Young acted on behalf of Hurstwood Holdings with Gateley's providing the legal advice.  CBRE represented Bruntwood. 
Hurstwood Holdings is a commercial and residential group with over £200m of commercial investment assets on more than 120 sites nationwide, housing almost 1,000 occupier clients.

Hurstwood Holdings has boosted its ever-growing commercial property portfolio with the acquisition of a 42,656 sq ft multi let office building in Bootle, Liverpool for an undisclosed sum from Bruntwood.
St Hugh’s is situated on the corner of Stanley Road and Trinity Road, in the heart of Bootle’s office quarter and is currently home to 17 occupiers including Morrison Utility Services and BioGrad Laboratories.  The six-storey building provides flexible office suites from 405 sq ft to 4,830 sq ft. 
 
Stephen Ashworth, Chairman and CEO of Hurstwood Holdings, comments: “This is a striking, landmark building that provides our fantastic opportunity for our in-house asset management team to do what we do best and further enhance its excellent facilities through proactive initiatives, refurbishment and investment.”
 
Stephen adds: “We are very appreciative of all the professional services who helped make this deal happen including Rothschild for its unwavering support and all at Bruntwood for the smooth transaction.”
 
Oliver Rowe of Avison Young acted on behalf of Hurstwood Holdings with Gateley's providing the legal advice.  CBRE represented Bruntwood. 
Hurstwood Holdings is a commercial and residential group with over £200m of commercial investment assets on more than 120 sites nationwide, housing almost 1,000 occupier clients.

Hurstwood Secures Planning Permission for £40 Million Speculative Industrial Scheme in Lancaster

The £40 million scheme will also include a new on-site café, pharmacy, convenience store and a nursery.

Hurstwood Holdings acquired Lune Business Park more than 15 years ago and has successfully managed the established scheme since.  Lune has proven to be popular with existing tenants such as First Subsea, which recently expanded its presence at the Park taking a total of 32,000 sq ft. The new scheme will offer floorplates from 1,000 sq ft up to 100,000 sq ft with design and build opportunities also available.  As part of the plans, Hurstwood will also be contributing to a new bus service connecting the business park to Lancaster city centre and surrounding areas.

Sam Ashworth, Project Director at Hurstwood Holdings, comments: “This planning permission has been a long time coming and we are pleased to have finally secured this important milestone.  Hurstwood owns two large industrial estates in Lancaster – Lune and Lansil – and we are fully committed to maximising the potential of these estates, which will bring significant economic benefits to area and further job creation.”

Sam continues: “With continued cooperation of Lancaster City Council, we plan to start the first phase on site by the first quarter of 2022.”

The new scheme will be developed in phases over the next four years and Hurstwood will appoint a contractor in the coming weeks.

The masterplan for the site was drawn up by Baldwin Design Consultancy, Broadgrove Planning advised on the submission of the masterplan.

Hurstwood Unveils Plans for a New Food Village at the Loreburne

Hurstwood Holdings, the new owner of the Loreburne Centre, has submitted a planning application to create a new £500,000 indoor food village. The plans would see the transformation of the former Next unit, which has remained empty for the last three years into an indoor food village with operators including local businesses, entrepreneurs, and food providers. 
 
This is the next stage of investment by Hurstwood, which has already committed more than £250,000 worth of immediate refurbishment works at the Centre within the first six months of ownership.
 
Michael O’Hagan, Centre Manager of Loreburne Centre, comments: “We have a very definite vision of what we want to create here at the Loreburne Centre and it is crucial that we undertake every effort to reinvigorate and bring new life back to the vacant space if we are to ensure the future success of the Centre.
 
“The last few years have been very challenging within the retail and leisure sector and the additional benefits that this food village will bring are infinite. Not only will there be further job creation but it will also help support the local day and night time economy. 
 
“The food village is a vital step in our plan to improve the existing offering as we look to create a vibrant, dynamic and successful family destination where people, young and old, will want to meet.  By implementing these initiatives, we are reinforcing our commitment to the continual improvement of the Loreburne Centre as well as supporting the Scottish Government’s ‘Town Centre First’ policy.”
The plans would see the transformation of the former Next unit, which has remained empty for the last three years into an indoor food village with operators including local businesses, entrepreneurs, and food providers. 
 
This is the next stage of investment by Hurstwood, which has already committed more than £250,000 worth of immediate refurbishment works at the Centre within the first six months of ownership.
 
Michael O’Hagan, Centre Manager of Loreburne Centre, comments: “We have a very definite vision of what we want to create here at the Loreburne Centre and it is crucial that we undertake every effort to reinvigorate and bring new life back to the vacant space if we are to ensure the future success of the Centre.
 
“The last few years have been very challenging within the retail and leisure sector and the additional benefits that this food village will bring are infinite. Not only will there be further job creation but it will also help support the local day and night time economy. 
 
“The food village is a vital step in our plan to improve the existing offering as we look to create a vibrant, dynamic and successful family destination where people, young and old, will want to meet.  By implementing these initiatives, we are reinforcing our commitment to the continual improvement of the Loreburne Centre as well as supporting the Scottish Government’s ‘Town Centre First’ policy.”

First Subsea Expands at Lune Business Park

The world’s leading developer and supplier of subsea cable protection systems and offshore mooring connectors has been based at Lune since Hurstwood acquired the scheme in 2005 and now occupies a total of 32,000 sq ft at the popular business park. 

Hurstwood has been undertaking a phased refurbishment of some of the existing units at the Park with quoting rental at £5 per sq ft.  In September of last year, Hurstwood submitted a £35 million masterplan for the partial redevelopment of Lune Business Park, which is currently home to 35 tenants to provide a further 200,000 sq ft of new speculative industrial space alongside an on-site café, pharmacy, convenience store and a nursery.  Design and build opportunities to suit specific requirements will also be available.

Planning for the redevelopment is expected by Winter 2021, with work due to start on site immediately by Hurstwood’s in-house specialist construction and development team.

Stephen Ashworth, Chairman and CEO of Hurstwood Holdings, comments: “We have asset managed this scheme since acquiring it more than 15 years ago and are proud that many tenants have stayed – and even expanded – at the Park during that time.”

John Shaw, Managing Director of First Subsea, adds: “First Subsea has its roots firmly in Lancaster and we were very pleased to hear of Hurstwood’s expansion and development plans for this site, which has allowed us to expand and remain part of the local community.”
 

Hurstwood Acquires Ge Capital Building in Scotland

Hurstwood have continued it's Scottish acquisition trail following the purchase of a 20,179 sq ft office building on Almondvale Business Park in Livingstone.
 
Lauder House was purchased for an undisclosed sum but with a net initial yield of circa 12.5%, prior to it going to Allsop’s auction.
 
The two-storey building sits on a 2.7 acre site with over 90 car parking spaces and is situated just off the M4 between Edinburgh and Glasgow.  It is fully let to existing occupier, GE Capital until 2030.
 
Stephen Ashworth, Chairman and CEO of Hurstwood Holdings, comments: “Scotland has become a key focus area for growth in our portfolio and this is the sixth large commercial property that we now own in the region. Owing to our exceptional proven track record with Allsop’s, we were able to agree a deal on the purchase of this property quickly, completing the purchase in only four weeks from exchange.  The building has a fantastic covenant and is a great addition to our long term investment portfolio.
 
Together Money provided the funding for the deal.  Gateley were the legal advisors.

Hurstwood Relocates to New Manchester Head Offices

Hurstwood acquired the landmark Manchester city center building last year as part of our long-term investment portfolio.

Stephen Ashworth, Chairman and CEO of Hurstwood Holdings, comments: “Initially, our plans were to continue to asset manage the building and relet the vacant space.  However, when the opportunity came to regain occupation of the building in its entirety, we quickly realised that we had a unique opportunity on our hands for our new headquarters.”
 
Stephen continues: “Over the last few years, we have grown  our commercial investment activities nationally at an exponential rate and had been considering options for a new office move for a while.  We have an exceptional team working for us and their opinions were an influencing factor when committing to a new space that will be our head office for the foreseeable future.”
 
“This move signifies our commitment to the future generation of Hurstwood Holdings and represents a significant investment in the business as well as a reflection of the high standards we set in our commercial investment and development activities.  I am very proud of what the team has created here and look forward to creating this next chapter in the company’s history,” adds Stephen.
 
Led by Project Director, Sam Ashworth, Hurstwood’s in house team carried out a dramatic transformation of the 5,000 sq ft space to provide a contemporary and inspiring place to work – and also entertain!

Hurstwood Launches Tabley Homes

Hurstwood’s Chairman and CEO, Stephen Ashworth together with Managing Director, Andy Park and project director, Sam Ashworth have joined forces to form Tabley Homes
The company will create bespoke schemes across Cheshire with a focus on delivering homes of the highest quality with superior specifications, all carried out by the company’s in-house specialist construction and development team.

Tabley Homes will be synonymous with luxury living; building elegant homes in some of Cheshire’s most sought-after locations,” states Sam.

“Hurstwood Holdings has a long track record for delivering quality homes and with our experience, we believe we can set new standards in the luxury housing market by addressing the niche gap in this sector of a market that only a handful of developers prioritise,” he continues.

Sam adds: “We have already submitted planning application for our first proposed scheme – a 1.8 acre site in Sandiway in rural Cheshire comprising 14 stunning new homes.  Our aim is to have the the first house ready by Spring 2022.” 

“We have also identified three other potential development sites across the North West and are in serious negotiations with the vendors with the hope of being able to exchange on in the coming weeks and will see a further 100 homes in total being delivered in the next 24 months.”

“As a result of our early success, we are already looking to expand our Tabley Homes team and are currently looking for an experienced quantity surveyor and a project manager with a proven track record to join us at our new head office in Manchester.”

Visit the Tabley Homes website - tableyhomes.co.uk

Loreburne Shopping Centre Appoints New Manager and New Investment Announced

[vc_row full_width="stretch_row_content"][vc_column][vc_gutenberg]

 
 

Loreburne shopping centre appoints new manager

Hurstwood has appointed Michael O'hagan as the new General Manager of Loreburne Shopping Centre as it announces its first wave of investment in the Dumfries shopping centre.

[/vc_gutenberg][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]

 

Michael, who previously managed many successful retail & leisure centers in the UK and Ireland, says:

 

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width="2/3"][vc_column_text]

''This is an exciting and unique opportunity for me to work with the new owners together with our retailers and the local community within the Dumfries and Galloway Region.   I am very impressed by Hurstwood’s level of commitment to improving the shopping Centre’s retail and leisure customer experience, which is pivotal to the economic success of the town and region.”

 

Stephen Ashworth, Chairman and CEO of Hurstwood, comments: “I am delighted that Michael has joined the team.  His wealth of experience and exceptional track record means that I am confident that he will help us achieve our ambitions for the shopping centre. 

 

From the outset, we have been committed to investing both significant funding and manpower as we look to revitalise the shopping centre’s existing offering.  This initial injection of £250,000 will predominantly focus on community-led works including the car park, toilets and access to provide a far better experience for those visiting the shopping centre. 

 

We are also looking to repurpose some of the vacant units to create flexible business suites as well as the creation of a new food hall.”

 

Stephen continues: “This is just the first phase of our long-term strategy to dramatically enhance the offering at Loreburne as we recognise the importance that it plays as a destination for the local community.”

 

Hurstwood acquired Loreburne Shopping Centre in April of this year.

 

Michael is pictured second from the right

 

[/vc_column_text][/vc_column][vc_column width="1/3" css=".vc_custom_1611831941379{margin-top: 10px !important;}"][/vc_column][/vc_row]

Eg Auction Focus: Creating Dreams from the Retail Nightmare

In the Estates Gazette's latest podcast, our Chairman Stephen Ashworth discussed the retail landscape and why investing through auctions offers value and opportunities.

Stephen was joined by Julia Cahill of the EG, together with George Walker of Allsop and Anthony Ratcliffe of Ratcliffee's Chartered Surveyors. The trio discusses the challenges of the retail world and how it takes an entrepreneurial approach to tackle this particular market.

One of Hurstwood's most recent auction acquisitions was the Loreburne Shopping Centre in Dumfries. Speaking exclusively to EG, Stephen outlines his vision for this scheme and his ambition to expand into the retail sector.

Listen to the EG podcast episode 

Read the news article 

Hurstwood Lets Former Retail Unit To Department For Work And Pensions

Hurstwood acquired the former New Look store three years ago.  The high street chain vacated the property in January of this year.

Stephen Ashworth, Chairman and CEO of Hurstwood Holdings, comments: “The Welsh government has worked hard to revive the high street following lockdown.  Job security plays a crucial role in responding to the economic consequences of the COVID-19 pandemic and this new job centre will help up to 750 people a day.  We are really pleased that we have managed to turn this challenging situation in to such a positive one.”

Hurstwood Holdings Moves Its Head Office to 40 Peter Street

Hurstwood acquired the three storey building in December of last year and subsequently undertook a significant refurbishment of the building to provide outstanding office accommodation together with private meeting rooms, a kitchen and bespoke break out areas.

Stephen Ashworth, CEO and Chairman of Hurstwood Holdings, comments: “This new move is an important step in the group's continued growth and a significant investment in the future of Hurstwood and the next generation.  Sam Ashworth and the team have worked incredibly hard to dramatically improve the existing space, providing exceptional facilities and I am so proud of what they have achieved.”

Hurstwood Acquires First Shopping Centre

Situated in the heart of the town centre on the main high street and close to the rail station, the Lorburne Shopping Centre comprises 42 units over two floors and is home to a number of established retailers such as JD Sports, Superdrug, Poundland, The Works and Holland & Barrett as well as local retailers including Whitecross Dental Care and a new Polish speciality store.  It also has an 80-space town centre car park.
 
Stephen Ashworth, Chairman and CEO of Hurstwood Holdings, comments: “This is a real coup for the company.  It has been a long term ambition of ours to own a shopping centre and we felt the time and opportunity was right to realise that ambition.  This is the only shopping centre in the town and has been very popular with both the local community and people from neighbouring towns and we believe is vital to the future economic success of the area.” 
 
Stephen continues: “Asset and estate management are core skill of our business and we have a fantastic, highly skilled team that will continue to look after this important shopping centre as part of our long term investment portfolio.”
 
“We have also recruited the existing centre manager, Jim Ireland who has extensive experience and we want to reach out to the community with our new ideas to take the centre forward to a fresh and successful future.”

Situated in the heart of the town centre on the main high street and close to the rail station, the Lorburne Shopping Centre comprises 42 units over two floors and is home to a number of established retailers such as JD Sports, Superdrug, Poundland, The Works and Holland & Barrett as well as local retailers including Whitecross Dental Care and a new Polish speciality store.  It also has an 80-space town centre car park.
 
Stephen Ashworth, Chairman and CEO of Hurstwood Holdings, comments: “This is a real coup for the company.  It has been a long term ambition of ours to own a shopping centre and we felt the time and opportunity was right to realise that ambition.  This is the only shopping centre in the town and has been very popular with both the local community and people from neighbouring towns and we believe is vital to the future economic success of the area.” 
 
Stephen continues: “Asset and estate management are core skill of our business and we have a fantastic, highly skilled team that will continue to look after this important shopping centre as part of our long term investment portfolio.”
 
“We have also recruited the existing centre manager, Jim Ireland who has extensive experience and we want to reach out to the community with our new ideas to take the centre forward to a fresh and successful future.”

Hurstwood Acquires Second Commercial Property in Glasgow

Situated in East Kilbride, the Manchester based property investment and development company has bought a 14,620 sq ft warehouse and office building on Redwood Crescent on Peel Park for an undisclosed sum. 

The self-contained property, which has 32 designated car parking spaces, is fully let to Community UK until 2029.

Stephen Ashworth, Chairman and CEO of Hurstwood Holdings comments: “Last year, we were really pleased to be able to acquire Scotland’s largest job centre – a 60,000 sq ft office building in Greenock, also near Glasgow and have been keen to increase our presence in this area ever since.  Whilst we are a predominantly Northern-focused company, we do have properties all across England, Scotland and Wales and are always looking for suitable long-term commercial investment opportunities.”

Based in Manchester, Hurstwood Holdings is a commercial investment group with over £175m of commercial and residential assets on 120 sites nationwide housing over 750 occupier clients.

Hurstwood Acquires Second Knutsford Commercial Investment Property

Hurstwood Holdings has acquired its second commercial property in Knutsford, Cheshire having agreed the off-market purchase of the former Global Eagle headquarters – a 13,155 sq ft stand-alone building on Parkgate Industrial Estate for an undisclosed sum.  
 
The landmark building has been renamed  Hurstwood House and is formalising plans to carry out a comprehensive refurbishment of the building to provide flexible, fully serviced office suites from 95 sq ft as well as possible trade counter space.
 
Hurstwood House sits at the entrance to Haig Road with easy access to the M56 motorway network and less than a five-minute drive to the historic Knutsford town centre.
 
Stephen Ashworth, Chairman and CEO of Hurstwood Holdings, says: “Following our acquisition of Winsford House in the heart of Knutsford last year, we have been particularly keen to build our portfolio in this part of Cheshire.  The building is prominently situated on an established business park in an area that is seeing a significant amount of investment and we believe that following the events of the last 12 months, the demand for provincial offices will continue to rise.”
 
Williams Sillitoe acted on behalf of Hurstwood Holdings.  Jones Lang La Salle represented Global Eagle. Gateleys advised Hurstwood on the legals for the deal and Together Money provided the funding.
 
Hurstwood Holdings is a commercial and residential property group with over £175 million of property on 115 sites nationwide housing over 800 occupier clients.

Hurstwood Thrives with New Letting

Hurstwood Holdings has let Orient One – a 19,668 sq ft building in the heart of Rawtenstall town centre – to gym fit out specialists, D.S.C. Building and Maintenance Limited on a 10 year lease.  Quoting rental level for the building was at £120,000 per annum.
 
The Bolton based company, which counts JD Sports amongst its clients, plans to convert the former supermarket building to create its second ‘Thrive’ gym; a state of the art facility providing the latest work out equipment, a Pilates and a spinning studio as well as a healthy café.
 
Hurstwood Holdings acquired the building, complete with 150 car parking spaces, in 2006 when it was operating as a Kwik Save supermarket before becoming retail discount store.  Situated on New Hall Hey Road in Rawtenstall, the building is also conveniently located straight off the M66.
 
Last year, the Manchester based property company won an appeal against Rossendale Borough Council securing planning permission to enable a change of use allowing it to also be used as a wedding venue.
Stephen Ashworth, Chairman and CEO of Hurstwood Holdings, comments: “We have always taken a proactive approach when considering our options for Orient One and had a number of diverse enquiries for this property for a variety of different uses.  We wanted something that would ultimately benefit the local community and after careful consideration, we agreed that Thrive presented the best long term use for the building that would add to the local amenity offering.”
 
Chloe Ellerby, Associate Director at Hurstwood Holdings, adds: “Having been approached by Thrive directly, we worked with them to determine what would suit their specific requirements.  Thrive had been keen to roll out its own brand of gyms and we were able to agree a deal that met with their planned timescales.  Orient One is such a prominent building, close to the town centre and with so much dedicated car parking, we knew that they were the right tenant for the building.”
 
James Taylor of Taylor Weaver worked alongside Hurstwood Holdings to provide strategic advice.

Hurstwood Holdings has let Orient One – a 19,668 sq ft building in the heart of Rawtenstall town centre – to gym fit out specialists, D.S.C. Building and Maintenance Limited on a 10 year lease.  Quoting rental level for the building was at £120,000 per annum.
 
The Bolton based company, which counts JD Sports amongst its clients, plans to convert the former supermarket building to create its second ‘Thrive’ gym; a state of the art facility providing the latest work out equipment, a Pilates and a spinning studio as well as a healthy café.
 
Hurstwood Holdings acquired the building, complete with 150 car parking spaces, in 2006 when it was operating as a Kwik Save supermarket before becoming retail discount store.  Situated on New Hall Hey Road in Rawtenstall, the building is also conveniently located straight off the M66.
 
Last year, the Manchester based property company won an appeal against Rossendale Borough Council securing planning permission to enable a change of use allowing it to also be used as a wedding venue.
Stephen Ashworth, Chairman and CEO of Hurstwood Holdings, comments: “We have always taken a proactive approach when considering our options for Orient One and had a number of diverse enquiries for this property for a variety of different uses.  We wanted something that would ultimately benefit the local community and after careful consideration, we agreed that Thrive presented the best long term use for the building that would add to the local amenity offering.”
 
Chloe Ellerby, Associate Director at Hurstwood Holdings, adds: “Having been approached by Thrive directly, we worked with them to determine what would suit their specific requirements.  Thrive had been keen to roll out its own brand of gyms and we were able to agree a deal that met with their planned timescales.  Orient One is such a prominent building, close to the town centre and with so much dedicated car parking, we knew that they were the right tenant for the building.”
 
James Taylor of Taylor Weaver worked alongside Hurstwood Holdings to provide strategic advice.

Planning Permission Secured for 42 Apartments at Heritage Arcade

Hurstwood Holdings has been granted planning permission, by unanimous decision, to redevelop the Heritage Arcade in Rossendale to provide 42 luxury two bed apartments with dedicated car parking and landscaped private gardens.
 
Designed by the Baldwin Design Consultancy, the plans will see the vacant building restored to its former grandeur whilst sensitively retaining many of its unique Art Deco features including the prominent façade.  Stantec acted on behalf of Hurstwood as its planning advisor.
 
Situated on Bacup Road in Rawtenstall, the Heritage Arcade was originally The Picture House cinema in 1920 before being converted to a shopping arcade in the 1990s but has remained vacant for a number of years. 
 
Sam Ashworth, Project Director at Hurstwood Holdings, comments: “We are delighted to have finally achieved planning for this important building after more than three years of close consultation with Historic England and support from Rossendale Borough Council.  The Heritage Arcade is a significant part of Rossendale’s local history and we are really pleased that we are able to bring this important building back to life.”
 
Sam continues: “As a company, we have grown significantly over the last few years with a commercial and residential portfolio spanning across England, Scotland and Wales and together with our other Rossendale scheme, Newchurch Meadows – a luxury development of 30 new homes – we  are pleased to be back developing in the region.”
 
Based in Manchester, Hurstwood Holdings is a commercial investment group with over £170m of commercial assets on 120 sites nationwide housing over 750 occupier clients.

Hurstwood Offers Communal Sites for Free Use by Nhs as Covid Vaccine Stations.

Hurstwood Holdings is offering all of its communal offices, warehouse, and carparks across our 120 sites nationwide for free use by the NHS to aid the roll out of the COVID vaccine.
 
Stephen Ashworth, CEO and Chairman of Hurstwood Holdings, comments: “Whilst 2021 has not started with the positive news that we had all hoped for, this latest lockdown brings hope that there is light at the end of the tunnel now that the vaccine programme has finally started. 
 
We are keen to do our part to assist with this important step towards a return to normality and as such, are offering all of our properties with any vacant office suites, warehouse depots, and car parks for free use by the NHS and the army as we all work together to sort out the vaccination roll out issues as quickly as possible.”
 
“Every week that this lockdown continues, it is costing our economy billions.  Over the last few years, we have built a portfolio with a wealth of facilities across the country that could be used as pop up centres and, in my opinion, sites like these should be utilised as a priority.  We want to do whatever we get over this pandemic.”

For further information about utilising these properties, please direct all enquiries to adlp@hurstwoodholdings.com

Hurstwood Holdings Acquires Prime Manchester City Centre Office Building

Hurstwood Holdings Acquires Landmark Office Building on the Wirral

Hurstwood Holdings has continued its acquisition trail with another North West landmark office purchase.

The Manchester based property and investment company has bought Gateway House in Merseyside – a 31,309 sq ft self contained building – at auction for an undisclosed sum with a net initial yield of circa 15%.

The modern three storey building is prominently situated at the entrance to Wirral International Business Park and on the corner of the A41 Chester Road.  It is partially let to a number of tenants including Sage Care Limited, Willaston Physiotherapy Limited, 4Choice Limited and Msoft E-Solutions Limited.

Stephen Ashworth, Chairman and CEO of Hurstwood Holdings, comments: “People now want to work closer to home and we want to capture that market of companies moving out of the cities into the provincial areas.  Wirral International Business Park is an established and successful business destination and when we came across the opportunity to acquire this striking building, we immediately recognised the long term potential that it held.  We have every confidence in the resilience of the North West provincial office market and plan to adapt the vacant space to create flexible suites that we believe will appeal to the current market as many companies look to work closer to home and in the provinces as opposed to the cities.”

Stephen concludes: “We have had a very busy and successful period recently acquiring 27 commercial investment properties nationwide, both industrial and offices, in the last 24 months alone.”

Commercial Estates Group was the vendor.  Together Money provided the finance and Gateley Plc acted as the legal representatives.

Hurstwood Holdings is a commercial investment group with over £175m of commercial and residential assets on 120 sites nationwide housing over 750 occupier clients.

Oaknorth Bank Completes £5.5m Investment to Hurstwood for Residential Development

Hurstwood has secured funding for new residential development Newchurch Meadows from property bank OakNorth.

The capital will be used to develop 30 new homes across a 2.5-acre rural site in Rossendale, Lancashire, including three five-bedroom, 13 four-bedroom, and three three-bedroom detached homes, two three-bedroom semi-detached homes, five starter homes, and four shared-ownership homes. Manchester city centre is less than a 30-minute drive away, with the Lancashire towns of Bury, Blackburn, and Burnley all reachable in less than 20 minutes.

Andy Park, Managing Director of Hurstwood Holdings, commented on the transaction: “Despite the current economic uncertainty that we all face, Chris and the team at OakNorth Bank were hugely supportive throughout the whole process, responding quickly to any questions and queries we had. . Having now completed a number of projects in the region, we know what buyers are looking for and thanks to the current stamp duty incentives, we continue to see strong demand. Rossendale is one of the most attractive areas of Lancashire, with the new development perfect for first-time buyers, growing families and those looking to move out of cities and get more space, as a result of more flexible working from COVID-19.”

Chris Swarbrick, Senior Director Debt Finance at OakNorth Bank, added: “Hurstwood is a long-established and well-respected property investor and developer in the North West, and more recently, nationally. Its management team has over 30 years’ experience in the property investment and has been through multiple cycles whilst continuing to grow."