Commercial property specialists NG Chartered Surveyors have completed a sub-letting of a 10,000 sq ft light industrial unit in Alfreton, after being hand-picked by the tenant to secure the deal.
Sunny Landa, director at NG, has let Block 1, Unit 1 on Amber Business Centre to courier delivery specialist Parcellink Logistics Ltd.
The logistics business was looking to move on from their former unit after undergoing expansion, and 1.1 Amber Business Centre was the perfect location. NG has now successfully sub-let the premises to Parcellink.
“It’s always satisfying to be brought in to project manage a deal for a client who we have known and worked for over the years.
“We used our market intelligence to identify and source the right enquiries, which ultimately yielded a quick result for our client. Assignments and sub-lettings can be complicated given the number of parties involved in the transaction. It’s always important parties seek representation and advice early in the process so they fully understand their rights under these situations.
“That said, handled in the right way, sub-lettings can be achieved on large units such as this one. I’d urge other tenants who want to move on from their leases to get in touch, as we may be able to offer a clever solution.”
Amber Business Centre is a popular and well-established distribution and manufacturing estate at Riddings in Derbyshire, situated approximately 17 miles north-east of Derby and 19 miles north-west of Nottingham.
The estate is easily accessible from Alfreton town centre, the A38 and A610 dual carriageways and junctions 26, 27 and 28 of the M1 motorway.
One of the fastest-rising stars in the East Midlands commercial property sector has been promoted to shareholding director at Nottingham-based NG Chartered Surveyors.
After joining NG just two years ago, James McArthur has taken a step up, and it’s been well-deserved: during his time at NG, he has more than doubled the size and turnover of the property management department at the company.
“This promotion is a real honour. When I joined NG two years ago, I was determined to make a success of the role, and I couldn’t be happier to become a shareholder in such a dynamic, progressive business which really pushes the boundaries of the commercial property sector.
“I’d like to thank all of my colleagues for making NG such a rewarding and fun place to work. We’re a real team here, and they’ve all played a huge part in my success over the last two years. I’m looking forward to taking NG to the next level alongside them.”
James joined NG in May 2016 from Humberts where he was Associate Director – Head of Management. Before that, he spent nine years as a surveyor in the management department at Innes England.
He handles a diverse portfolio of properties from individual retail and industrial units, right through to larger industrial estates and multi-occupied offices. James also deals with all aspects of property management from rent collection, service charges, to planned maintenance programmes.
James studied law at university, which equipped him with a unique understanding of legal property matters. In August 2017 he was joined in the NG management team by Suzannah Adcock.
Richard Sutton, director at NG, said:
“James has really taken his role at NG by the scruff of the neck and brought it not only a large tranche of new business, but also extended our relationship with existing clients. He truly deserves the promotion – it’s an absolute pleasure to work with him.”
We talk to our Director Jonathon Seddon about the city of Nottingham, and what he sees as its vision for the future.
When Did You Begin Your Career in Nottingham?
I started my surveying career in Newark back in the early 90s, before spreading my wings to move to Sheffield to work for a national retailer. The promise of extensive travel (in my 1.4 litre Rover 200) sold me, and in that regard, the job was pretty good, as it meant there weren’t many places in the UK that I didn’t get to see. It also meant that I was able to gain a perspective on just where Nottingham sits in the firmament.
I joined NG Chartered Surveyors back in 2002, so I’ve been working in Nottingham for more than 16 years.
What Initially Attracted You to the City?
Whilst I was born in Yorkshire, at the age of 5 I moved to Southwell, so for me, Nottingham has always been the “bright lights”. Finding an opportunity to work for one of Nottingham’s most established surveying firms, and in turn shaping its future was a huge attraction to me.
Since Living Here, Has Nottingham Changed Much?
Honestly, since living here, I don’t think its changed enough, and that’s resulted in a lot of missed opportunities. Not many cities have such a large open area in the centre – Nottingham has the market square, and so much could have been made with it, with open air restaurants, cafes and bars.
The Council House is a fantastic backdrop, and the fountains are a step in the right direction, yet it’s surrounded by some truly awful buildings. And why they chose to not retain the toilets, I’ll never understand! Whoever made the decision to utilise cheap faux Victorian street lighting should take a good long look at themselves in the mirror. Why look to the past when the future’s much more exciting?
Another crying shame has been the two major retail schemes in the city – the Victoria and Broadmarsh Centres – falling into the same ownership. The day that happened was the day where the owners could relax and do nothing. Before that, it was like a Mexican standoff, with one of them pulling the trigger on building a scheme to attract the world’s most major brands (an Apple Store anyone?).
As it stands, despite having had a recent revamp, the Victoria Centre is looking desperately old fashioned, and the Broadmarsh redevelopment is so far removed from the initial and bold concept that it’s a shadow of what it could have been.
What Is/Are the Biggest Challenges We Face as a City, Compared to Both Our Regional “Rivals” and Nationally?
I love my city, but it’s not without its frustrations.
The retail offer, as I mentioned above, is poor. Whereas Derby and Leicester have large city centre retail schemes full of the tenants and brands that shoppers want, we’re left lagging behind. When I was growing up, Nottingham was the place everyone flocked to on a Saturday for their recreational shop, irrespective of whether you lived in Nottingham, Derby or Leicester. Now, that’s no longer the case, and to be honest I can’t see it changing.
Another huge bugbear, has been the loss of office space to student accommodation. Sure, we should be proud of our two universities, both which have made huge benefits to our local economy. Yet, local employers can’t capitalise on this stream of talent graduating from them every year, because we don’t have the business parks or grade A city centre offices for them to work in. In the latter of the case, that’s mostly down to the fact that many office buildings have been converted to student schemes.
Whilst I’m not bemoaning the developers who have rightly seized the opportunity – particularly with the advent of Permitted Development which relaxed the planning controls – I do have to question the long term strategy of the city council. When they moved into Loxley House, they could have entered JV schemes with developers on the buildings they vacated to facilitate the construction of new office buildings.
The problem we’re now faced with is that whereas a 1960s office building would have eventually become economically obsolete and in turn, cleared for development; instead they’ve been converted to student accommodation. That means these sites now have 40-50 more years of life in them, so the opportunity to do something with them has been lost.
Whilst this loss of office stock to alternate uses isn’t unique to Nottingham, the fact that we have more students compared to other cities, means that the need for student accommodation is greater, which means more buildings are fair game for student developers.
For Nottingham to thrive, it’s crucial that it has a great city centre. For that to happen, there needs to be various elements that create a harmonious whole and right now, I don’t think we have the recipe quite right.
How Long Is Your Daily Commute, and How Do You Get into the City?
Only four minutes!
At NG, we made the decision to move out of the city centre five years ago, and we settled into our current Loughborough Road base in West Bridgford. The decision arose as the majority of our shareholding directors lived in West Bridgford, so losing the hassle of a thirty minute commute each side of the day was hugely appealing. It’s given us all more time at the coal face! Another attraction is Central Avenue – we regularly use the cafes and restaurants for meetings with clients.
I have a young family, and my wife works in Leicester, so I’m regularly dashing to grab my children from after school clubs. To lose the spectre of a large “late collection fine” works for me.
Finally, If You Had a Blank Canvas, What Would You like to See Happen in the Next 12 Months?
I’ve written several versions of an answer to this question before discretion got the better of me and I deleted them! Let’s leave it with this: I’d like a political champion for the city of Nottingham to come to the fore with an inspirational and aspirational vision.
Commercial property specialists NG Chartered Surveyors have become the only agents of their kind in Nottingham to be awarded the prestigious RICS Inclusive Employer Quality Mark.
The Quality Mark drives behaviour changes by encouraging all firms large and small, to look carefully at their employment practices and have inclusivity at the heart of what they do. It means NG is committed to improving inclusivity and to monitoring performance by completing a bi-annual self-assessment, which means gathering specific inclusivity data, and submitting it to RICS.
The Quality Mark is testament to the confidence shown by NG in its director Sunny Landa, and management surveyor Suzannah Adcock, says Richard Sutton, fellow director.
Richard said: “We’re delighted to be recognised as an inclusive workplace. We place great emphasis on inclusivity, diversity and gender balance and Sunny and Suzannah are a prime example of this.
“Sunny first joined us as part of his placement year from Nottingham Trent University. We then offered him a position in the depths of recession. He has worked his way all the way up to shareholding director by the age of 30 and is the future of NG.
“Suzannah’s work for NG is testament to our growing reputation as one of the most innovative, forward-thinking agencies in the region, and shows that we’re able to attract some of the best talent in the East Midlands to come and work with us.”
“All too often the surveying sector is dominated with middle-aged, white men. Once again, NG is leading the way in pushing our sector towards a more inclusive attitude.”
Our director Sunny Landa recently attended the World Built Environment Forum at the RICS Summit in London. Here are three things he learned about the way we’ll work in the future.
1. Infrastructure Is Key If Cities Are to Prosper
Cities need investment in infrastructure if they are to compete on a global scale. In Nottingham, we have the success that is the rightly-lauded public transport system, but we need to go much further; we need to create buildings where the outside comes inside. Those companies that embrace the role of intelligent technology are those who will not only survive, but thrive. The future of buildings – or smart buildings as they are to be known – will link to the future of all modes of transport – from the driverless car to the next generation of trams and buses.
This will meet the ceaseless drive towards corporate social responsibility, and will bring forward net zero energy facilities. The challenge for the property industry is now to bring these into our designs when advising clients and developers. Occupiers now want their building to be an extension of their brand, and millennials want the buildings they work in to be amazing on every level.
2. Tech is Everything
Technology is developing at breakneck speed. Think back 20 years and the internet was only just beginning to be used on a widespread, domestic basis. Fast-forward two decades and we’ve had the mobile phone revolution, and we’re now entering the phase where artificial intelligence and data is set to dominate our working lives as we work on a truly global scale.
It’s staggering to think that some 50% of the world’s entire data was created last year, but only 0.5% used. For tech giants, data is the new oil, but the challenge for all of us is not how we harvest this data, but how we store it. However, we must never underrate the human touch – the danger is to rely 100% on data.
3. We Need to Change the Way Buildings Work
The key to the future of the property industry is not simply to modernise or refurbish buildings (although this is still important) – but to re-purpose them.
The future office building will see tech become its very fabric from 5G, virtual participation and augmented reality facilities; to digital layers, electronic car ports and an increasing use of drones and robots.
These buildings need to be directly linked to sustainability – and in some cases, if the occupier is ultra-sustainable, rent inducements could be offered by forward-thinking landlords.
The property industry should be at the forefront, revolutionising the way we work in our city centres. Big changes are coming – we need to grasp the opportunity with both hands.