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.”
A Stratford-upon-Avon retail park has undergone a significant renovation including the opening of a new supermarket.
Deeley Construction has completed work on a major refurbishment and extension project to create new retail facilities at Maybrook Retail Park.
The project is valued at £3.4 million and saw the Coventry-based firm win two separate tenders to carry out the development.
Work began on the £2.4 million extension to Unit 1 of the existing retail development in June 2018, on behalf of BMW (UK) Trustees Limited.
It was completed in February and incorporated over-cladding of the large steel frame unit, new shop frontages and entrances to Unit 2 and 3.
The extension saw the creation of a new Lidl at the retail park. Deeley Construction then tendered directly to the supermarket giant to secure the £1 million completion of the fit-out of the 21,965 sq. ft. unit.
The on-site car park was also resurfaced and reconfigured, with spaces increasing from 146 to 155.
Martin Gallagher, managing director of Deeley Construction, said: “This development provides a new space for residents to shop and also bring the benefit of new jobs into the community in Stratford-upon-Avon.
“Our team carried out the work quickly and on time, showing great respect for customers at the thriving retail park by causing minimal disruption.
“We are delighted to have worked in partnership with Lidl, a major supermarket chain, on the second stage of this development project.”
An apartment scheme for the elderly in Coventry city centre has taken a major step forward with the laying of its foundation stone.
Cllr Linda Bigham, Lord Mayor of Coventry, was on hand to lay the stone at Bonds Lodge near Belgrade Plaza.
The £6.8 million development is being completed by Deeley Construction in partnership with Coventry Church (Municipal) Charities, with the scheme designed by Nicol Thomas Architects.
It will see 45 self-contained apartments built within the three-storey building and is expected to be completed by Spring 2020.
They will be the newest addition to the Almshouses, run by Coventry Church (Municipal) Charities as sheltered housing schemes for the elderly, which were founded in the early 1500s.
Cllr Bigham said: “It was wonderful to be invited. This fits in so well with my own personal charities, one of which is Age Concern Coventry and Warwickshire. I’ve also been newly appointed to Coventry Church (Municipal) Charities.
“I highly commend CCMC putting their efforts into providing new facilities for the elderly and it is fantastic that a local and well-respected company such as Deeley Construction is delivering the project.”
Victor Keene MBE, chairman of Coventry Church (Municipal) Charities, added: “This marks a key stage in the development of the Almshouses and we’re looking forward to them being completed in the spring of next year.
“It’s an exciting point and we’re thrilled that the Lord Mayor joined us for the occasion to lay the stone, which she did very graciously.”
It marks the Deeley Construction’s first project awarded from Homes England’s DPP3 Framework.
Martin Gallagher, managing director of Deeley Construction, said: “We would like to thank the Lord Mayor for joining us for the ceremony.
“This is an important development for elderly citizens within the local community who are looking to live in the city centre, as there is currently a lack of provision for them in the area.
“Work is progressing well on site and we are on target to complete the development on schedule.”
Almost 10 years ago David Cameron launched his concept of the Big Society which was designed to “to generate, develop and showcase new ideas to help people to come together in their neighbourhoods to do good things”.
Like many new ideas it was, of course, not original but looked to build on a tradition of communities helping each other out. It came in for a degree of derision and did not stand the test of time as a packaged policy initiative.
We have recently been involved in the refurbishment of the offices of the Coventry & District Samaritans – and to me it has summed up just what Cameron and his advisors were trying to capture.
The Samaritans is operated entirely by volunteers and at the centre they take 33,000 calls a year across 365 days, 24 hours a day.
When they came to see me back in February 2017 they were well underway with fund raising to improve their base in Earlsdon which, to be frank, was not a suitable environment for the work they were undertaking and the services they were offering.
We agreed to help and now two years later they have moved back in to a bright, modern, and wholly suitable base.
Deeley Construction has been involved, but the response from the business community has been superb. More than 10 companies have given their time at cost or for free and all of them were happy to help because they recognised not only the importance of the work the Samaritans does, but also the unbelievable commitment of those who work on their behalf often dealing with testing and distressing matters.
In an age with loneliness, anxiety and mental issues are making the headlines every day, their work has never been more important.
None of the companies involved were in it for the publicity or the glory, more that they have a sense of responsibility to their community and they realise the importance of that in a properly-functioning society in which every member matters.
So, several years after the government allowed their Big Society to wither on the vine in wake of the criticism it received, the concept is alive and well, and thriving in Coventry and, I believe, right across the UK.
Please bear that in mind when you see a Samaritans volunteer out on the street raising money.
The companies which worked on the scheme include architects IDP, Umberslade, Claddagh Electrical, CDE Contractors, Naughton Interiors, D B Heating & Plumbing, Nationwide Windows, Midlands Flooring, Cladding Components, Midlands Floor Screeding and G&M Carpentry
Peter Deeley, Managing Director
Orbit’s Fordham House in Stratford-Upon-Avon has won the Residential Property of the Year at the Royal Institute of Chartered Surveyors (RICS) awards, West Midlands.
Situated on the corner of Birmingham Road and Clopton Road, Fordham House comprises of 82 high-quality private rented apartments.
Adam Cooper, Commercial Director at Orbit, said: “We are delighted to receive this award, Fordham House is a great example of how creating much needed centrally located homes, for people working in local businesses, can help regenerate town centres.
“We are very proud to have won this award, fighting off strong competition from prestigious central Birmingham residential developments, and we hope that Stratford is proud to have an award-winning project in the town.”
Each home is designed with minimum maintenance requirements and the latest in cutting edge technology. Fordham House sits on a centrally located site once occupied by a redundant office building, giving residents easy access on foot or bicycle into the town and work places.
The prestigious annual RICS awards, sponsored by Sika Building Trust, celebrates the region’s most inspirational initiatives in the land, property and construction sectors that are having a significant positive impact on the communities they serve.
Chair of the judging panel for the RICS Awards, West Midlands, Bryony Martin of AECOM, said: “Orbit brought their experience of managing rental properties to create a scheme that delivers a modern interpretation of the local streetscape, high levels of customer care, a mixed community of tenants and commercial success. Quality specification choices reflect the project team’s long-term interest, including Smart technology and a four-storey feature living wall.”
Work started on site in 2016 and took two years to complete with all apartments now fully let. The development was brought to market through a partnership between Stratford Town Trust, Orbit, ABD Developments and Robothams Architects, with Deeley Construction as design and build contractors. Fordham House is owned and managed by Orbit, with Stratford Town Trust continuing to retain the freehold.
Peter Deeley, Managing Director of the Deeley Group, added: “We are thrilled to see Fordham House pick up this prestigious award. It has been a fantastic example of working in partnership with Stratford Town Trust and Orbit, to deliver a project that has brought much-needed new homes to the local community in Stratford.
“With so many strong entries for this prize, it is testament to everyone who worked on Fordham House that it emerged as the winner.”
A project to help secure the future of one of the area’s most valuable community support services has been heralded as a “fabulous achievement”.
Coventry & District Samaritans, which takes more than 30,000 calls a year, have returned to their Earlsdon home after the complex has undergone a total refurbishment which will guarantee its future on the site.
City-based Deeley Construction carried out the works which have been funded through the 29th of May 1961 Charitable Trust, the National Lottery and the Coventry Churches Charity as well through Samaritans funds.
The 135 volunteers returned to their Moor Street base to be welcomed by the Lord Mayor of Coventry, Councillor John Blundell.
He said: “The Samaritans volunteers undertake vital work and offer a superb resource – all from a desire to help other people. Not only is that service lifeline to people who need help, it is also very demanding on the volunteers themselves.
“This project shows what can be achieved when everyone comes together and pulls in the same direction to help a good cause and it is a fabulous achievement.
“I would like to thank everyone involved in the project on behalf of Coventry City Council and the people of Coventry.”
The renovations have seen a complete refurbishment of the facility, including improved access for disabled volunteers, more storage for the fund-raising shop and enhanced acoustics to assist in secure, sensitive conversations.
The organisation’s shop, which is Earlsdon’s oldest and first opened in the 1860s as a provisions merchant, raises around £500 a week for the group.
Many of the companies involved carried out the work at cost, while the Coventry Resource Centre for the Blind offered the volunteers a base from which to work while the project was carried out on their Moor Street offices.
Trevor Montague, Director of Coventry & District Samaritans, said: “We have been working on this project for several years. In February 2017 I met Peter Deeley and he inspired me with his vision and stressed the importance of future proofing the work we did – and we now have a base which will serve us well for years to come.
“There has been so much work carried out by so many people and the results will make such a difference to our volunteers and to the support they offer the people of the city and the district.”
Mike Ballinger project managed the work for the Coventry & District Samaritans alongside city-based architects IDP, and other contractors assisting on the project included Umberslade, Claddagh Electrical, CDE Contractors, Naughton Interiors, D B Heating & Plumbing, Nationwide Windows, Midlands Flooring, Cladding Components, Midlands Floor Screeding, G&M Carpentry and JK Scaffolding.
Peter Deeley, managing director of the Deeley Group, said: “I think the efforts put in by so many people simply reflect the appreciation of the work undertaken by the Samaritans and its volunteers.
“The refurbishment will not only make working conditions much better for the volunteers but it will also improve efficiencies while the work to the shop will hopefully boosts the funds it raises.”
Left to right: Lady Mayoress Lindsey Blundell, Peter Deeley, Lord Mayor Cllr John Blundell, Andrew Jones (29th of May 1961 Charitable Trust|), Trevor Montague.