Author Archives: stanley.dunthorne@hallam.co.uk

  1. 2018- This was the year that was

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    It’s now five years since the current directors at NG Chartered Surveyors led a management buy-out of the company and moved out of Nottingham city centre to West Bridgford.

    More than a few eyebrows were raised when we announced our new head office was moving out of the city centre, but the decision has paid huge dividends.

    Over the last five years, turnover at NG has doubled through organic growth brought about by sheer hard work, and our team numbers have risen to 12 professionals. We’ve invested in talent, and now our clients are reaping the rewards – and so are our staff, as we’re now an accredited RICS Inclusive Employer, the first firm in Nottingham to secure this accreditation.

    We continually offer our staff pathways to improve themselves and, therefore, the service we can offer to our clients. A prime example of this came in June when we promoted James McArthur to shareholding director.

    James took the step up two years after joining NG, during which time he more than doubled the size and turnover of our property management department.

    As Richard Sutton, director at NG, said at the time: “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.”

    Gender balance is vitally important in the workplace, and NG is leading the way locally. Suzannah Adcock, surveyor has been with NG for just over a year. She says: “I’m lucky: NG have been very supportive since I started with the firm. When I moved from my previous firm, my main aim was to become chartered, and I have been provided with a huge amount of support to enable me to feel that I am ready to sit in the autumn again.”

    NG is not afraid to invest in the next generation of commercial property talent either. In July we invested in taking on Charlotte Steggles during her placement year. Charlotte is a second-year student studying BSc (Hons) Real Estate at Nottingham Trent University. She has plans to become a chartered surveyor after graduating.

    Sunny Landa, director at NG is mentoring Charlotte over the year. He said: “NG has a reputation for nurturing the best talent in the East Midlands, and we want to try and replicate that with Charlotte. We realised immediately that her knowledge and passion for property matched our own, and we’re really looking forward with her over the next 12 months. This is a great opportunity for her to learn “on the tools” – one I’m sure she’ll grasp with both hands.”

    Ending a year of considerable growth for NG, Jude Weston join the firm in December as an associate director. Jude joins the NG team having worked as a chartered surveyor across the East Midlands for the last 11 years, specialising in asset and property management for a variety of public and private sector clients.

    NG always has one eye on the future, and in June of this year, we announced a major capital investment in the management software platform ‘Re-leased’.

    Re-leased is cloud based which not only makes it extremely secure, but also affords superb levels of accessibility to NG clients.  While NG retains full control of the system, the company’s clients can access pertinent data and documents in real time on an app that’s straightforward and easy to navigate.

    Furthermore, tenants also have their own app in which they can download copies of pertinent documents along with reporting any maintenance issues. This immediately notifies the Property Manager, ensuring that any issues are dealt with as swiftly as possible and with total transparency.

    A year of continual investment has been backed up with constant supply of commercial property deals that have helped growing companies throughout the East Midlands realise their relocation goals while landlords and investors continue to choose NG’s expert team to manage, let and dispose of their property portfolio. 2018 has been NG Chartered Surveyors’ most successful year to date, with more to come in 2019.

  2. Global deal at Evo Park

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    Infosys, a global technology services and consulting firm, have taken some 23,000 sq ft of offices at Sherwood Business Park, in one of Nottinghamshire’s largest office deals of 2018.

    This deal could see the creation of a number of new jobs following the move, with the building having the ability to hold some 300 staff at full occupancy. The company will commence the fitting out of the premises with a view to being fully up and running at the start of the new year.

    NG Chartered Surveyors and FHP jointly acted on behalf of Praxis Real Estate Management, the asset managers for the premises.

    Sunny Landa, director at NG, said: “It’s always particularly satisfying to work on a deal that brings employment opportunities to the East Midlands, and so the news that Infosys have taken this prime unit is great news for the area.

    “Infosys are one of the biggest names in digital transformation and they will add to the tech talent pool in the Nottingham area. It’s been great working with Mark on a deal that has brought about a very satisfactory outcome for our client and all involved.”

    Lorraine Baggs from Invest in Nottingham said: ““We worked closely with Infosys to help them learn about the potential in Nottinghamshire, identify suitable premises and build relationships with local organisations, and we’re delighted that they have decided to invest in the area and create new jobs. Our thriving tech sector is testament to the talent pool that the region has to offer, and we look forward to continuing to support Infosys’ growth over the next few years.”

    Mark Tomlinson of FHP Property Consultants, who brokered the deal, said: “We had worked for some time with Infosys in evolving their mandate for Nottingham, particularly narrowing down the specific location requirements of the company, both in terms of servicing their existing clients and assisting the recruitment of new talent and I am delighted that Nottingham, and particularly Sherwood Park, was selected.

    “Credit must also go to Praxis Real Estate Management who pulled out all the stops to meet the timescale and operational requirements of Infosys.”

  3. NG pops cork on new Nottingham wine bar

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    A new wine bar has opened in Nottingham following a deal brokered by commercial property specialists NG Chartered Surveyors.

    The Wine Room, owned by Debbie Ault and Peter Brown has opened its doors at 962 Woodborough Road in Mapperley.

    Debbie is a WSET (Wine and Spirit Education Trust) Diploma graduate and Educator and she also owns NottsDerby Wine School delivering fun wine tastings and qualifications. Debbie’s background is in hospitality, having worked many years for a large pub chain, before she progressed into training then the wine industry. Debbie will be running the NottsDerby Wine School from The Wine Room.

    Peter has been in retail and hospitality customer facing positions for the last 17 years, as well as the property development business since he was 18. He has designed the look of the Wine Room with his expertise and eye for detail to create a great, contemporary yet relaxed atmosphere.

    With their mutual love of wine, the pair they have come together to create The Wine Room.

    Suzannah Adcock, surveyor at NG Chartered Surveyors, said: “Mapperley is fast becoming a hub for small, artisan drinking establishments, and NG has been quick to recognise this. We wish Debbie and Peter all the best with their new venture, which we’re sure will be a big success.

    “We’re constantly on the look-out for new tenants who want to open leisure venues or landlords who have quality premises they want to let. Please do get in touch with us for more information on how NG can help.”

    Peter and Debbie said: We’re really looking forward to providing the people of Mapperley and surrounding areas a great venue, with excellent quality wines as well as spirits and other drinks. We’re open from 10am most mornings for coffee with a complimentary croissant. Or if you’re after something more substantial check out our breakfast, lunch and evening meal menus online and follow us on Twitter, Facebook and Instagram, to see what tastings and events we have coming up soon!

  4. NG gives fast-growing crane plant hire firm a lift to bigger premises

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    A fast-growing plant and machinery hire company has moved into larger premises with help from commercial property specialists NG Chartered Surveyors.

    Acting on behalf of its clients Walkers of Tuxford, NG Chartered Surveyors has completed the letting of 11,000 sq ft at Unit C, Hamilton Road in Sutton in Ashfield to Universal Crane Mats.

    Richard Sutton director at NG Chartered Surveyors, said: “We’d only been marketing this prime unit for a few weeks before agreeing terms with Universal after receiving a number of initial offers from other potential occupiers.

    “However, the decision to work with Universal was an easy choice. The company had outgrown its previous premises in Mansfield and were looking to relocate and so they were the perfect fit for Hamilton Road.

    “Our client has completed some bespoke fit-out works for Universal which is a key part to the success of his estate. This hands on  approach to dealing with tenants has gone down really well.”

    Mike Allanson of Universal Crane Mats is excited about the move, which take his business to the next level.

  5. Jude joins NG’s fast-growing management team

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    Nottingham-based commercial property specialists NG Chartered Surveyors has added to its team again after appointing Jude Weston as Associate Director.

    Jude joins the NG team having worked as a chartered surveyor across the East Midlands for the last 11 years, specialising in Asset and Property Management for a variety of public and private sector clients.

    Richard Sutton said: “We’re very pleased to have Jude on board. She will be assisting the Head of Property Management, James McArthur and will bring her varied knowledge and expertise, complimenting  what it an already well-established and professional team.”

    Jude said: “My ambitions run high and I look forward to getting ‘stuck in’ with the instructions as well as being involved with developing the department and wider business.

    “My overall goal is to advise clients on how to maximise their investments and mitigate their liabilities whilst achieving their commercial goals.”

    In her career so far, Jude has overseen the collection of £5 million worth rents for clients and co-ordinating service charge budgets of over £1 million.

    Jude added: “I am aiming high to be organised, professional, forward thinking and a problem solver; after all –  a positive attitude prevails.”

    James said: “Our management team has gone from strength to strength over the last two years. Jude’s experience and knowledge of the local commercial property market will only add to this success as we look to build the team further and extend our offering to landlords across the region.”

  6. Suits you? New survey reveals wholesale shift in dress codes at work

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    A survey of 900 commercial property professionals has thrown up some intriguing attitudes to modern workplace dress codes.

    The poll, by Nottingham-based commercial property specialists NG Chartered Surveyors, shows that the suit may have had its day when it comes to regular officewear, with only 41% of those surveyed saying that they wear a suit to work on a daily basis.

    However, when it comes to landing a new job, then ‘suited and booted’ reigns supreme. A massive 82% of those asked said they would always turn up smart if they were being interviewed for a new role or promotion, with just 14% saying they would feel comfortable wearing smart/casual clothes.

    That ratio weakened a little when property bosses were asked what they would expect interviewees to turn up in. This time, over a quarter (26%) said they would be happy if the applicant for a role wore smart/casual clothes, with 71% insisting on a suit.

    Meanwhile, some 71% of respondents said they thought a working wardrobe can affect their image or reputation, but nearly two-thirds (64%) thought that workplace dress codes will become less formal within the next five years.

    Richard Sutton, director at NG Chartered Surveyors, said: “There is no doubt that, as offices and working practices change to suit millennials, then attitudes towards dress in the workplace are altering with them. I can clearly remember 15 years ago when I made the conscious decision not to wear a tie to work and my senior partner at the time nearly had a heart attack and couldn’t understand why I would even think of such a rebellious act! God know what he would have made of things now when we wear jeans to work more often than not, even when my jeans cost more than his suit, but then that’s the thing, you either move with the times and changing attitudes or you don’t and you become a dinosaur in your own world.

    “Dress codes are now increasingly important to younger people and with the rise of co-working and flexible office space, the need to wear a suit five days a week is disappearing. Indeed, in some cases, a suit can be off-putting to a potential client and we’re seeing more and more property companies relaxing their dress codes. The RICS keep asking how they can make the profession appear  ‘cool’ and appealing in the 21st Century; still putting pressure on people to conform, to be suited and booted at all times just doesn’t do it for anyone, old or young.

    Richard says that the working day is changing along with dress codes. Now, he says, it  probably doesn’t begin at 9am and end at 5pm, and, like  traditional office dress codes, the concept of the working day has radically altered since the start of the 21st century.

    He added: “It was certainly simpler when the work place uniform consisted of a suit, shirt and tie. Now your day-to-day wardrobe needs to be smart, sophisticated and adaptable. The modern office worker now  dresses in a way that works equally as well for casual daywear as for evening ahead.

    “We think the battle for talent will see this trend increase, something which our survey points to. Business strategies working practices are changing – and with them, the way people dress for work. Companies will need to keep pace with these trends if they’re not to be left behind. We are all grown ups operating in a business environment that moves really quickly even though our product doesn’t. The advances in technology, the new styles of collaborative hub style offices simply don’t sit comfortably with old school dress codes.”

  7. Joined up Langham Park Success

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    Acting on behalf of landlords Oxford Regency Ltd, Richard Brown of NG Chartered Surveyors has overseen the settlement of dilapidations works as part of a surrender and grant of a new lease handled by colleague Jonathon Seddon.

    This process involved the quantification of the outgoing tenant’s dilapidations liability, which was qualified by a Schedule of Condition, and the review and approval of the incoming tenant’s Schedule of Condition.

    Richard Brown of NG Chartered Surveyors said: “Given both tenants were seeking to rely upon Schedules of Condition to limit their repairing liabilities, this had the potential for there to be a gap in liability which would fall to the landlord, ultimately costing them works and potential impact on the property’s investment value.  We identified that shortfall, being the difference between the property’s repair now and that as recorded at the commencement of the lease by the Schedule of Condition.

    “This required the detailed examination of the existing tenant’s Schedule of Condition and preparation of a Schedule of Dilapidations to quantify the tenant’s liability.  The exercise was complicated by the tenant agreeing to leave in a substantial mezzanine floor and other alterations for the incoming tenant.

    “The loss to the landlord was quantified and agreed with the outgoing tenant, which at approximately £15,000 compensated the landlord for their loss.

    “The review and agreement of the ingoing tenant’s Schedule of Condition completed the services, and enabled the surrender and grant of new lease to proceed in a timely manner.”

  8. Sweet deal for NG as dessert cafe opens second Nottingham venue

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    A fast-expanding coffee shop and dessert restaurant is expanding its Nottingham footprint after revealing plans to open a second venue in the city following a deal brokered by commercial property specialists NG Chartered Surveyors.

    The Pudding Pantry which specialises in homemade cake, puddings, pancakes and brunch already runs a successful restaurant from Trinity Square in Nottingham – now it is set to expand its portfolio after taking a ten-year lease on 577a-579 Mansfield Road to open The Pudding Pantry Sherwood.

    Suzannah Adcock surveyor at NG  brokered the deal to let the premises to Anthony Quinn of Quinn Hospitality. She said: “This is the second deal in a matter of weeks we’ve completed that has seen an independent Nottingham retailer expand their empires, and it’s always satisfying to see local companies thriving.

    “The Pudding Pantry has been a big hit in Trinity Square, and I’m sure this second venue will be just as popular with the locals of Sherwood. We wish Anthony and his team all the best for the future.”

    The property was previously let to Firth and Scott Insurance Brokers but is being fully modernised by The Pudding Pantry and will boast more than double the seating of its city centre venue and will be open in October.

    Anthony Quinn said: “We’re really excited to bring our Puddings, Pancakes and popular Brunch menus to Sherwood, we have long had ambitions to expand and the time is now right as well as the right location! We set ourselves apart from the rest due to making most of our menu from scratch including our homemade beans, ketchup and marshmallows as well as other items you’d expect, and also our friendly, efficient service”

  9. NG instructed to make East Midlands Airport offices take flight

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    A prime office building at East Midlands Airport is set to come to market after NG Chartered Surveyors were instructed to market the premises.

    NG won a competitive tender process to be appointed by Manchester Airport Group (MAG), owners of East Midlands Airport, to bring to market vacant space within the B100 building at 100 Beverley Road.

    The project, headed by NG director Richard Sutton, will involve a full refurbishment of the space and the creation of a social hub within B100 to bring a sense of community to the revamped building.

    Lease deals will be available on offices for one person through to 20 and will be available on one month, three month, six month, 12 month and three year lease options – a structure designed to take account of the fluidity required by companies in the current market.

    Richard said: “We couldn’t be happier to win the tender to market B100 – it’s a sign of our growing reputation in the wider East Midlands commercial property market – and we can’t wait to get started.

    “NG and MAG recognised that trying to tie tenants in to onerous long-term leases simply isn’t the way forward. We intend to listen to prospective tenants, understanding their need and help them structure their way forward as residents of B100.”

    Work begins on site to refurbish B100 this summer and will be completed for occupation in September.

    B100 is located on Beverley Road and forms part of the East Midlands Airport campus. East Midlands Airport is centrally located between Derby, Nottingham and Leicester and is approximately two miles from Junction 23 of the M1 motorway. In addition, the East Midlands Parkway Railway Station is located within 4 miles of the airport.

  10. Engineering firm fit for the future following NG deal

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    An engineering firm which has been trading for more than 50 years is set to take the next step in its growth plan after moving into a new 6,700 sq ft unit in Stanton by Dale in a deal brokered by commercial property specialists NG Chartered Surveyors.

    LER Electro Mechanical Engineers has moved into Unit 3A on Langham Park after NG director Richard Sutton sealed a deal on behalf of private pension fund owners.

    Richard said: “LER’s new base is high quality and the location is excellent. This is one of a number of deals NG has completed at Langham Park recently. It’s been a pleasure dealing with LER and we are sure they will be pleased with their new home.

    David Sherratt from LER said: “We were looking to upgrade our workplace and Langham Park was the ideal place to do it. LER has been trading for 50 years and we needed to upgrade our facilities.