NG issues rallying cry to developers to invest in Nottingham office stock
9th September 2019
Last week, NG Chartered Surveyors were the proud sponsors of a sold-out commercial property lunch at bar esca in Nottingham, which looked at the regeneration of the city centre.
Guest speakers at the event, which was organised by TheBusinessDesk.com were renowned Nottingham developer Mich Stevenson and his daughters Becky Valentine and Victoria Green, who now run the Spenbeck company.
Mich Stevenson said:
“Nottingham is a fantastic city, and yet people only talk about what it bad. We have to believe that we can do something and then get people to share the journey with us. We must never-ever step back from pushing Nottingham forward and we need our local politicians push Nottingham forward and understand just how great the city is.”
James McArthur, director at NG also outlined how the company has been working with Spenbeck for past 18 months as managing agents on its flagship commercial property, The Birkin Building, which is a 30,000 sq ft multi-let Grade 2 listed office premise in the Lace Market area of Nottingham.
“We were originally approached by Victoria and Becky as a change of direction was required and advice was required in the running of the service charge for the building. Due to the nature of the building, this was not a particularly straightforward task, but after working closely with Victoria and Becky and understanding how the building works and also understanding the long term vision of Spenbeck we were able to implement a new budget.
NG has been able to take away the day-to-day headaches of the property management which has freed them up to do what they are passionate about: creating a fantastic creative working environment for their tenants within an architecturally significant building with heart of Nottingham.”
“It also refreshing to see a client retain these buildings for a commercial use. There has been a growing trend over the last few years that these buildings being to converted to residential and the rise of the student accommodation, which is having a negative impact on the city centre. I would very much like to see more developers invest in and improve the city centre, with the office market crying out for more innovation and investment.”