Posted on 28 February 2023
This week’s news – a Commercial Property Lease in Birmingham. I acted as Solicitor for the Landlord to facilitate this new letting of a 23,400 sq ft warehouse in Birmingham.
I am pleased to be able to share press coverage of this latest completed deal. Take a look below at a copy of the article published on the Business Desk yesterday.
Business Desk Article – Birmingham Lease
“An expansion into a new industrial unit is set to create up to 40 jobs in Birmingham.
Cladding manufacturer Finish Facades will now be based in 24,300 sq ft of space at Unit 1 on the BSA Business Park, in Small Heath, rented on a ten-year lease.
The sister company to Finish Architectural is continuing its investment strategy in order to secure huge recladding contracts on blocks of flats across the UK, triggered by new building regulations following the Grenfell Tower fire.
The firm has invested a further £1m into automated panel folders and turret punches to help manufacture higher quality cladding.
Terry Turner, director at Finish Facades revealed that the company’s current workforce of 20 staff was expected to grow to up to 60 over the next four to five years as a result of the move to the larger premises.
Siddall-Jones Commercial Property Consultancy
Edward Siddall-Jones, director of Siddall Jones, explained that the property was let within two weeks of marketing, with demand being so great that the final deal was in excess of the original asking rental.
Siddall-Jones said: “We are delighted to have secured this letting to Finish and are thrilled to support Birmingham-based manufacturing in an area which has such huge former manufacturing heritage.
“We are seeing the industrial sector between 10 to 30,000 sq ft perform well, with record take up and a number of active requirements from both manufacturing and distribution companies.
“Competition for freehold properties remain strong and the letting market continues to see rentals increase and landlords secure longer term leases with little or no rental incentives on offer”.
Unit 1 on the BSA Business Park was a former Orange Data Centre which was built for the company in the 1980s and acquired in 2017 by the current owner and converted into an industrial warehouse.
The original article is here: Manufacturer reveals job creating expansion plans – Business Desk (thebusinessdesk.com).
Commercial Property Solicitor Birmingham
I really enjoyed this deal. I have acted in Birmingham for many years, having spent 11 years in Eversheds’ Birmingham office, and then spending several more years in the Birmingham office of my previous firm. Before that, I went to the University of Birmingham where I completed my degree and law conversion, and then studied the LPC at The University of Law (then called The College of Law!). Birmingham is such a a great city to work in, and I love doing deals there.
I’ve worked with the Landlord for many years, and this deal was the latest successful collaboration. In addition, I worked with Edward Siddall-Johnes of Siddall Jones Commercial Property Consultancy to cross any bridges and get the deal over the line for the client. Both the Landlord and the agent praised my work. Here are their reviews:
“We have worked with John on a number of projects and have found him to be exceptionally thorough. He has also been able to distil complex legal points into real world options that are clearly explained and actioned. We would not hesitate to recommend him for purchases, leases, legal reports or anything property related.”
John Green, Director – Smalldene Midlands Limited
“John acted for our client in preparing a new lease for a modern warehouse in Birmingham.
I have been extremely impressed by John’s approach and work ethic. We were continually updated on the transaction and this communication between all parties resulted in a smooth transaction.
I have been very happy with the service received and happy to recommend John for any future commercial property transactions.”
Edward Siddall-Jones, Director – Siddall Jones Commercial Property Consultancy
If you are looking for a Commercial Property Solicitor in Birmingham, or surrounding areas, do give me a free, no obligation call. You can contact me via email@example.com or on 01384 872069 or via my Free Enquiry Form or Live Chat. I’m based in Kinver, and work across Birmingham and the West Midlands. I also act further afield. I carry out all work through Nexa Law Limited, which is authorised and regulated by the SRA.
Thanks for reading my above article, and I look forward to seeing you on the next blog post! If you want to stay up to date, sign up to my Newsletter.