Deeley Properties’ investment portfolio continues to see great success.
Deeley Properties acquired a 20,000 sq. ft. industrial warehouse on an established estate in Dudley in 2016. The property was then let to ERIKS with two years remaining on its lease.
Deeley identified the opportunity to refurbish and re-let or sell the building, whilst receiving a return on cost of 8.5% until the end of the lease.
Earlier this year the property on Crackley Way was sold to Pipework Engineering Services securing a significant return for the company.
The investment at Harwell Science & Technology Campus in Oxfordshire continues to show a good return. Nuva is the current tenant at the property and Andrew Brazier, development consultant, secured an increase of over 30% in rent.
Andrew said: “The property at Harwell remains part of our core portfolio as an investment in a growing science park and we hope that following this increase we shall be negotiating a new longer lease in exchange for some improvement works to the property.”
The main figures behind a new Starbucks drive-thru in Birmingham have come together to celebrate its completion.
Deeley Properties, in partnership with Ziran Land, acquired the site adjoining the Maypole Roundabout earlier this year from a private landowner to create the new café/restaurant, which has a 15-year lease.
The investment on the property, built by Deeley Construction, was sold to Custodian REIT through David Allen, of Holt Commercial, on completion.
Pat Moroney, of Deeley Group, John Liggins, of Ziran Land, and David Allen, of Holt Commercial, were key figures in the deal that saw Starbucks open in September, creating 18 jobs.
Pat said: “We saw this opportunity to work in partnership with Ziran Land to create this new Starbucks. It has worked extremely well for all parties and because of that relationship we are already looking at other very similar developments.
“It is a project where we saw potential to create value and also a new café/restaurant for the local community and perfectly fits Deeley Group’s ‘end to end’ capabilities in the delivery of projects.”
John said: “It has been an excellent project all round and it is great to have achieved completion and hand over the final property.
“It is great to have worked in partnership in this way and to have seen such a positive result.”
David said: “There is strong growth in this sector and I envisage many more developments of this type both across the region and nationally.”
Wade Commercial acted for Custodian REIT.
Pictured (left to right): John Liggins, Pat Moroney, David Allen
A development of over 140 affordable, family homes in Leamington has reached completion.
Known as Union Park, the £29 million development of 147 homes sits on the former Soans’ motor dealership site in Sydenham. The names of classic Ford cars now mark the streets in and around the neighbourhood paying respect to the rich heritage of the site.
Matt Western, MP for Warwick and Leamington, welcomed the addition of new, affordable homes alongside housing group and developer Orbit and partners, Deeley Construction.
He said: “I would like to thank Orbit, Deeley Construction and Warwick District Council for working together to create this fantastic development. It is important to recognise the contribution Orbit has made to the local area with the Union Park development. I visited the site some months ago and I am deeply impressed with the high environmental and construction standards of these homes.
“As the former County Councillor for the area and now as the MP, I have long campaigned for more social and affordable housing so it is excellent to see this development contributing towards combating the housing crisis.”
Offering canal-side living, Union Park has brought 55 homes to the open market, as well as 39 homes available for shared ownership (part buy, part rent) and 53 for affordable rent. Following high demand, all properties have now been sold or rented – just 18 months after building began.
John Carleton, group property investment director at Orbit, said: “A successful regeneration, Union Park offers affordable, family living in an enviable location. From a family business, to what is quickly becoming a thriving community, we’re proud to add Union Park to our expanding development portfolio across the district.”
The development, delivered in partnership with Coventry-based Deeley Construction, offers a selection of two and three bedroom houses as well as one and two bedroom apartments.
Martin Gallagher, managing director of Deeley Construction, added: “It was lovely to see a sense of community already developing – with children heading off to school and people going out to work – and it reminds you that developments such as this are about more than bricks and mortar, but creating homes for people.
“Our role in the partnership to deliver Union Park was highlighted on the day and we are thrilled with the part we have played in bringing this scheme forward from start to finish.”
Orbit delivered over 2,000 new homes in the last financial year. Over the next 10 years the housing group has plans to build a further 20,000 new homes across the midlands, south and east of the country, contributing to the UK’s housing growth.
A special thanks to the following people for making the event a great success, bringing to life its rich heritage:
Mr Richard Soans – Ford Model A
Mr Michael Dye – Ford Corsair
Mr Adam Fox – Ford Granada
Mr Joseph Marcello – Ford Anglia
Mr Sid Shaw – Ford Orion
The Allen Ford Dealership, Leamington Spa – Ford Mustang
Pictured (left to right): John Carleton, Martin Gallagher, Matt Western MP
A Midlands property company has broken through 500 homes mark over the past four years and is on course to deliver hundreds more properties before the end of the decade.
The Deeley Group, based in Coventry, has delivered 552 units across Warwickshire since it worked with Bromford Housing on a development in Arley, North Warwickshire, in 2014.
Through its offering as both a developer, Deeley Properties, and a main contractor, Deeley Construction, it has worked in partnership with a range of housing groups and associations on projects valued at close to £75million.
The biggest scheme was 179 units for Orbit Homes at Queensway Court in Leamington – part of a major regeneration scheme – and Deeley has worked with the company on three further projects since 2015.
The group has a further 290 units lined-up between now and 2020 including in Southam, Warwick, Leamington and Coventry.
In addition, there are potentially 92 more homes across the region that are currently going through planning, while the company has secured a place on Homes England DPP3 framework and also the WM Housing Framework.
Pat Moroney, director of Deeley Properties, said: “It’s been a very positive few years for the Deeley Group and reflects our ability to deliver new homes schemes in partnership with housing groups and land owners.
“Our work, with those companies, has helped to deliver well over 500 new homes for communities in our area and will be pushing 1,000 should we be successful in achieving planning in some new schemes we have in the pipeline.
“As an SME contractor and developer, we have the agility and integrity to offer our clients an end-to-end and personal service that helps them to deliver high-quality, affordable living homes.
“We can secure the land, work with them on permissions and site preparation and then, through Deeley Construction, actually build the homes too.
“We are looking forward to the future with great confidence as we prepare to deliver even more homes for our region in partnership with our clients.”
A new Starbucks drive-thru restaurant is being created on a main road into Birmingham.
Deeley Properties, in partnership with Ziran Land, acquired the site adjoining the Maypole Roundabout earlier this year from a private landowner.
The companies identified a potential use for the land and have agreed terms with Starbucks on a 15 year lease to create a new restaurant.
Holt Commercial, chartered surveyors with offices in Birmingham and Coventry, concluded an investment sale for the completed property to Custodian REIT.
It is being built by Deeley Group’s contractor division, Deeley Construction, and it is anticipated it will be handed over to Starbucks in July.
Pat Moroney, a Director of Deeley Properties, said: “This is a development that shows the agility of the Deeley Group because we can bring several elements to the deal.
“We have been able to put together a package, in partnership with Ziran Land, which is attractive to Starbucks and, subsequently to an investor.
“The fact that Deeley Construction is now building the property shows another arm of the company and it is great to be part of a deal where all of the parties are satisfied with the conclusion.”
David Allen, a Director of Holt Commercial, said: “This is a market that continues to expand and we are pleased to have secured a suitable long term investor for the completed restaurant. We anticipate there will be further deals in this market over the coming months and years as the market matures.”
Wade Commercial acted for Custodian REIT.
There was ‘snow’ stopping one of property and construction’s annual Christmas traditions in Coventry.
The Deeley Group, based at George House on Coventry Business Park, invited clients, contacts and colleagues to its festive lunch to celebrate a successful 2017 for the firm.
And, despite snow on the ground and freezing conditions, more than 60 industry professionals joined the team at Deeley to toast the company.
Peter Deeley, managing director of the company, said: “It was another wonderful turn-out for our festive lunch.
“As a company, we value relationships and partnerships and that’s exactly why we hold this event each year. There is no fanfare, no speeches – just a chance to say thank you and Merry Christmas to those people we have worked with during the year.”
Pictured: Peter Deeley (managing director) right, and Peter Hartill (chairman) seated as the celebration gets into full swing
Business figures will come together to support the construction of a new home for the 2nd Warwick Sea Scouts.
The inaugural 2nd Warwick Sea Scouts Business Breakfast will take place at Warwick Hall on Friday, January 5.
Running between 7.15am and 9.30am, the free-to-attend event is in support of building a new headquarters for the group in St Nicholas Park, Warwick and its wider ‘Building a Future’ Initiative.
The group needs to raise £650,000 for the construction of a new HQ, which will allow the group to grow, supporting more young people and becoming a valuable resource for the local community.
The event is supported by Deeley Group and Warwick School and will feature a networking session followed by three speeches from leading business figures and individuals with a seafaring connection.
The first speaker on the morning will be Simon Talling-Smith, who is CEO of private travel company, Surf Air in Europe and a former 2nd Warwick Sea Scout. He also masterminded British Airway’s first e-commerce site in 2001.
Alan Haywood, CEO of BP Integrated Supply and Trading, will be the second speaker and is also a former 2nd Warwick Sea Scout. Alan joined BP in 1988 and has held a wide variety of leadership roles in the trading business in Europe and the US for more than 25 years. He will reflect on how 2nd Warwick plays an important role in the development of young people.
They will be joined by former Captain of RMS Queen Mary 2 Captain Bernard Warner.
His career at sea spanned 45 years, serving his final six years as Captain of the largest transatlantic ocean liner built for the British Cunard Line since Queen Elizabeth 2 and retired in 2011.
Janette Eslick, fundraiser for the 2nd Warwick Sea Scouts, said: “It’s fantastic to be able to host our first ever business breakfast and we’re looking forward to welcoming business people from across the region to the event.
“The 2nd Warwick Sea Scouts has been a huge part of Warwick for more than 50 years and we are recognised as one of the best in the country. The new headquarters will enable to us to be available to more youngsters and provide greater support to the local community.
“We have some brilliant speakers on the morning, two of which are past members of our group and have gone on to make a real impact in the world of business.
“We’re also delighted to be welcoming Bernard Warner, who I am sure will have some fantastic stories to share from his time at sea and how those experiences on the water have shaped his career.”
Peter Deeley, managing director of Deeley Group, added: “The 2nd Warwick Sea Scouts group are an important part of the community in Warwick and we are more than happy to be supporting its plans to develop their services.
“The programme of speakers on the morning is very impressive, demonstrating that being involved in a community group such as the sea scouts can help in later life.”
To register your interest in the inaugural 2nd Warwick Sea Scouts Business Breakfast visit https://2wkseascouts.eventbrite.com/?aff=Deeleys
For more details contact firstname.lastname@example.org
PICTURE CAPTION: Bethany Ellis, Gus Lock (Headmaster, Warwick School), Tom Bosworth, Peter Deeley and Captain Bernard Warner
An international company based in Warwickshire is doubling the size of its Nuneaton headquarters thanks to recent growth.
Leading health and wellness retailer Holland & Barrett International has added a further 48,000 sq ft to its global headquarters at Eliot Park, which is the hub for over 1,500 stores globally.
Coventry-based Deeley Construction, which took the project through the initial design and planning process, has now completed the multi-million pound development and handed over the state-of-the-art building to the company.
Not only are staff now making the most of the extended office space, they are also benefitting from an on-site gym and nursery. The latest works will see the HQ house 500 staff when all positions have been filled.
It’s the latest phase of work that Deeley Group has undertaken at the park in Nuneaton after more than 40 years of regeneration on the site.
Peter Aldis, Chief Executive Officer of Holland & Barrett International, said: “We moved to Eliot Park in 2010 and it has been a great base from which to grow the company.
“We are delighted that we have been able to expand on site to meet our plans to grow the business and we are very pleased with the work Deeley Construction has undertaken.
“It’s important to us that everyone in the team is happy while they are at work and that’s why we have included additional elements such as a gym and nursery, as we know these are key facilities for our staff.”
Martin Gallagher, managing director of Deeley Construction, said Eliot Park had been a huge economic success story for the north of Warwickshire.
He said: “We have worked on behalf of Holland & Barrett International for many years and we are extremely proud to have completed this extension for the company.
“Eliot Park is a classic example of regeneration which Deeley Group has led over many decades and this latest phase shows Holland & Barrett’s commitment to the region.”