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March 2012 news archive

INTERNATIONAL ENGINEERING & DESIGN CONSUTANCY RENEWS LEASE AT IM PROPERTIES’ ONE KINGS COURT

Kings Court

Atkins, the international engineering and design consultancy and London 2012 Olympics official provider, has renewed its lease at IM Properties’ One Kings Court in Worcester for a further 10 years.

The agreement means that 120 staff will continue to be based at the building on Charles Hastings Way. Atkins moved into the 32,000 sq ft building in 2001 when it opened a new finance shared services facility to support its UK business.

IM Properties has agreed a new lease on the top floor expiring in March 2022 at a rental level of £15.50 per sq ft.  Atkins was represented by Lambert Smith Hampton’s Birmingham office.

Alastair Lambert, director of the shared services facility, said: “We have opted to renew the lease because retaining our excellent workforce is crucial to us – our Kings Court premises suit us very well in this respect”. 

David Cook at IM Properties, said: “Atkins is a highly valued tenant and we are delighted they have decided to extend their occupation at One Kings Court. The decision marks a vote of confidence in both Kings Court and Worcester as a business location.”

IM Properties is about to undertake a refurbishment of the remaining parts of the building with a view to bringing a further 20,000 sq ft of quality office space to the market. One Kings Court has the advantage of being able to offer large open-plan floor plates, but equally is flexible to enable creation of smaller suites. The building benefits from a high ratio of on-site car parking excellent access to Worcester city centre and the M5 motorway with junctions 6 and 7 just 2 miles away. Harris Lamb and GVA are appointed as joint marketing agents.

LEADING SOFTWARE FIRM COMMITS TO LEASE EXTENSION AT IM PROPERTIES’ VANGUARD HOUSE

Vanguard House

International software firm Civica has extended its occupation of IM Properties’ Vanguard House in Leeds for a further five years, meaning 150 staff will continue to be based in the city centre building until 2021.

Civica moved into the 27,800 sq ft converted mill on Meadow Lane in 2001 and this latest agreement sees the company remain on the buildings’ top two floors, which total 19,000 sq ft.                                                                                                                                        

Rachel Massey, Marketing Manager at Civica, said: “We have extended our lease at Vanguard House by five years from 2016 until 2021 as providing continuity for our customers and members of staff is paramount to us.                                                                       

“We enjoy being based at Vanguard House and have become very established here. Its central location and great transport links are also vital to our business.”

Civica employs over 1,600 people at 25 locations around the world, and in 2010 generated revenues of £169 million.

David Cook, management surveyor at IM Properties, said: “We are delighted to retain Civica in our office portfolio. Their commitment to Vanguard House shows that despite the current financial market uncertainties there is still demand for high quality office accommodation in prime locations.

“Vanguard House is an attractive brick building which occupies a prime position just yards from junction 3 of the M621 motorway and 500 metres from Leeds city centre.”

The Civica deal means that just 8,868 sq ft of open plan office space is available to let on the ground floor either as a whole or split into two suites of 2,563 sq ft and 6,305 sq ft.

IM Properties is also committing capital into the building and will shortly complete a refurbishment programme on the ground floor that includes a comprehensive upgrade of the office accommodation and the creation of a contemporary new reception area that provides instant impact for occupiers and visitors to the historic building. The ground floor office space is available to let at £12.00 per sq ft.

Vanguard House is prominently situated close to new city centre developments such as Bewley’s Hotel, Leeds City Office Park and Bridgewater Place and within easy reach of Leeds City railway station and the M621 motorway.  The three story building benefits from secure car parking and on site security.

For more information on Vanguard House contact Alex Hailey at CBRE on 0113 394 8814 or .(JavaScript must be enabled to view this email address)

Carbon footprint conscious: IM features in Logistics Manager’s report on the industry’s most environmentally-aware companies

IM Properties has hit the headlines in Logistics Manager’s ‘Time to tread lightly?’ feature, which highlights companies that are harnessing carbon efficiencies to unlock new business potential.

Highlighting a case study on The Birmingham Intermodal Freight Terminal at IM’s Birch Coppice Business Park, the feature tells how the facility is reducing carbon footprints by tackling road miles.

Entitled ‘The rail way to cutting emissions’, the case study says:

The terminal is operated by Roadways Containers Logistics, which has found that usage of BIFT has increased steadily since it opened in 2007. It says that now nearly every Birch Coppice occupier is taking advantage of the service.

Five train services per day now run compared with only two in 2007, and an estimated 100,000 containers will pass through the terminal this year compared with 26,000 in 2007. The 30-wagon trains currently used will soon be increased to 35 wagon trains, in line with growth of the scheme.

David Turner, terminal operations manager at BIFT, said demand was soaring as clients recognised the benefits of rail freight. “Our largest revenue stream is from haulage but we add value and service for our customers by use the benefits of rail and inland operations.

“Rail freight is not only more cost effective and efficient for the distance trunk move from the port, it also delivers environmental benefits to the supply chain, including reducing congestion on roads, conserving energy and reducing carbon footprint – department for transport research shows that rail produces 70 per cent less carbon dioxide than road transport.”

Birch Coppice tenant Euro Car Parts is the site’s most frequent BIFT user. Logistics and business development director Stephen Horne said: “We currently receive an average of three to five deliveries per day from the rail head and next year this will increase to five to seven per day six days per week.

“Given the vast quantities of stock being delivered from our European suppliers, which is set to increase in 2012 and beyond, BIFT has proved extremely beneficial and efficient to all. Given current fuel costs and the uncertainty about energy sources, rail is certainly efficient and is vital to the future economic well-being.”

IM project manager and energy efficiency expert Jason Jasper was also invited to advise readers on how companies can reduce their carbon footprint in their warehousing.

Jason comments in the article: “Many businesses continue to operate in buildings that simply do not suit their needs, leading to inefficient methods of working.

“As a developer, the best way to reduce a property’s carbon footprint is to create a bespoke scheme. From design through to construction our teams work closely with the occupiers to understand their fit out and operational requirements.”