Addington Capital, the property investment and asset management specialist has recruited regeneration expert, Nigel Turner as a partner to head Town Centre Regeneration. This senior addition elevates Addington’s capability to help investors and landowners redress the balance in our tired retail spaces and town centres.

Nigel was formerly a Board Director and COO of McCarthy Stone PLC which he joined in 2018 and where he was responsible for all land and build activity UK wide. Prior to that he spent nearly twenty years at Kier Group, where he was a PLC board director of Developments & Property Services, London & UK wide, responsible for all commercial and residential development strategy, investment decisions and delivery.

Both roles gave Nigel considerable grasp of investment, land acquisition; development, housebuilding, regeneration and planning frameworks.

He also has considerable experience in the creation of mixed-use communities, local authority partnerships, redevelopment, and numerous joint ventures. Major initiatives included the setting up of Solum Regeneration a 50/50 joint venture with Network Rail, which has re-generated railway sites in Walthamstow, Twickenham, Epsom, Haywards Heath, Bishop Stortford and Guildford. Nigel also was instrumental in the regeneration of Watford Riverside a 50/50 joint venture with Watford Borough Council.

Nigel joins a team of 15 at Addington Capital. The asset management business already has considerable expertise in town centre regeneration through its redevelopment projects in London, Harlow*, Leeds, and Cheltenham. Most recently it launched One Lampton Road where it has re-developed a mixed-use office and retail building in the middle of Hounslow into a new high quality PRS residential scheme of 118 homes under permitted development rights.

Matthew Allen Principal of Addington Capital said, “We now have a very experienced multi-sector team, led by Nigel, to work alongside our partners to unlock the complex but rewarding opportunities in town centre redevelopment. Nigel is experienced in setting up public and private sector partnerships and has the track record to help us increase our success in this area of the market where we foresee a long pipeline of business.”

Nigel Turner added, “I am delighted to be joining a team which has the same passion to repurpose and regenerate our town centres. The significant changes in retail trading provide a unique opportunity to reinvigorate these spaces for residential and community use, whilst helping to reduce the impact of development in the countryside and creating more connected mixed-use communities. In this new role we want to work with investors, local authorities and planners to create genuine quality and sustainable town centres- fit for the communities of the 21^st century.”

Posted in News on 14th May, 2021

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Addington Capital, the property investment, and asset management specialist has heeded the request of its residents and has refurbished the residents’ lounge at its PRS scheme at Headingley Park, Leeds to create a fully-fledged co-working space. This is fully operational for when the government lifts restrictions and encourages “back to work” in the office.

The new space has been totally redecorated and now has 12 workstations, increased power supply and superfast broadband to cater for every eventuality in the new “world of work”.

As David Dalrymple, Partner at Addington comments, “ Residents who don’t want or need to return to an external office  will now be able to work either from their individual homes or from this redesigned work space, if they prefer the buzz of being around other workers.”

Addington has also upgraded the ‘lounge area’ with new furniture, lighting and a brand new coffee machine for those residents who just want to chill. The scheme’s motto is “Live, Work, Relax.”

Occupancy at Headingley Park has recently been boosted. The scheme is most attractive to young professionals in the 25- 35 age bracket with numbers now up to 250 residents in 150 apartments and occupancy rates high at 97.5%.

“A great testament to our efforts to listen to what our residents actually want and then successfully deliver it onsite,” says Erdal Kacar Head of Operations at AddLiving, the scheme’s property manager.

AddLiving is soon to add an automated parcel delivery service at Headingley Park and provides on-site management and leasing expertise at the scheme.

In other good news from AddLiving’s other PRS properties, occupancy levels at Velocity Village in Sheffield are also high – at 98.5%. Velocity Village is attractive to both young professionals and students- the latter preferring the high quality and self-contained nature of the apartments, which make them Covid secure.

Posted in News on 5th May, 2021

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Addington Capital, the property investment, and asset management company has let over 26,100 sq. ft of office space to the Department of Work and Pension “DWP” in three of Addington’s properties, two of which are in shopping centres.

The DWP has taken a new five-year lease and has expanded its occupancy to take 7,900 sq. ft, the whole of the third floor, of Carew House, Wallington Surrey at a rent of £20.50 psf. The DWP had previously been a tenant in the building.

In addition, Addington has let 8,500 sq. ft in Unit 58-60, Harvey Centre, Harlow (on the first floor) and 9,700 sq. ft at Unit 7 Market Square, Charter Walk Shopping Centre, Burnley, also to the DWP. Both new leases are for a 5-year term. All three of the offices will be used as job centres.

The DWP is currently opening job centres across the UK to deal with the anticipated growth of the number of unemployed caused by the pandemic. According to the Chancellor’s recent Budget Statement there have been 700,000 job losses in the UK since March 2020. Numbers are expected to rise even further with the end of the furlough scheme in September.

Philip Symonds, Partner at Addington Capital said, “We welcome the flexibility given by the new class E planning use which have enabled us to re-purpose some of the empty space in two of our shopping centres for office use’.

“Letting to a government agency provides a strong covenant at a time when many in the retail markets are struggling. We are carefully looking at our other standing assets to see where we can take advantage of the less restrictive planning regime to enhance net income as well as capital values.”

Addington Capital was advised by agents SHW at Carew House, Brasier Freeth at the Harvey Centre and Barker Proudlove at Charter Walk, Burnley. DWP was advised by Cushman & Wakefield.

*Secretary of State for Communities and Local Government (C/o the Department of Work and Pension)

Posted in News on 23rd March, 2021

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AddLiving, our independent residential lettings and management company is today launching new branding and an improved website: www.addliving.co.uk – as we continue to invest in the residential platform.

Our new residents can take a digital tour around our apartments, check availability and use the online leasing journey. For current residents it’s an easy way to find out the latest AddLiving news, join the community and find out what’s going on locally.

The new website emphasises AddLiving’s key customer service promises: “We’re here for you” (personal onsite manager), “Safe and secure renting” (24 hour security) , “Looking after your home” (on-site maintenance), “Never miss another delivery” (new parcel locker service) and “Superfast and super reliable Wi-Fi”.

As part of the website launch we have modernised our customer facing branding with a new logo and invested in a new streamlined property management system, Qube MRI.

At AddLiving we’ve taken on five new staff in recent months in Leeds and London, including a digital marketing manager. AddLiving now consists of a team of 16 across the UK.

Erdal Kacar, Operations Director of AddLiving said, “Our schemes have been developed to appeal to young people, particularly young professionals attracted to the convenience and buzz of city living, but also the flexibility of renting in a high quality rental scheme, with the convenience of on-site management, maintenance and security.”

“We are delighted to boost our team and to launch our new website today with new social media sites on Facebook and Instagram which will further help us communicate with both our residents and potential renters.”

Please take a look here:

One Lampton Road, Hounslow
FB: https://www.facebook.com/One-Lampton-Road-100270465247335
Insta: https://www.instagram.com/one_lampton/

Velocity Village Sheffield:
FB: https://www.facebook.com/velocityvillage
Insta: https://www.instagram.com/velocityvillage/

Headingley Park, Leeds:
FB: https://www.facebook.com/HeadingleyPark
Insta: https://www.instagram.com/headingley_park/

AddLiving manages large residential sites and estates in Sheffield, Leeds, Hounslow, Croydon and Wandsworth with over 900 units.

Posted in News on 2nd February, 2021

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Europa Capital, the pan-European real estate investment manager and its partner, Addington Capital, the property investment and asset management company are completing the redevelopment of One Lampton Road, Hounslow. This is a mixed-use office/retail building that has now been converted into a new PRS residential scheme of 118 residential homes, ready to launch.

The building, which was acquired by the joint venture in 2018, has been converted under permitted development rights to create new studio, one, and two-bedroom apartments. The developers have created a quality scheme with generously sized apartments, benefiting from large windows and lots of light.

This new PRS apartment block has been developed to appeal to young people, particularly young professionals attracted to the convenience and buzz of West London, but also the flexibility of renting in a high-quality rental scheme, with on-site management and maintenance.

The new PRS scheme is one of two, single ownership, professionally managed schemes in Hounslow and will be marketed and managed by AddLiving, Addington Capital’s sister residential lettings and management company.
The scheme also has attractive on-site amenities including: a residents’ lounge with co-working space, communal garden and a terrace garden, run and managed by the on-site team.

Hounslow is a thriving and diverse West London borough with 43% of its population between the 20 and 44 age brackets. There are 18,000 businesses located in the borough which has the highest concentration of media and broadcasting jobs in London. Hounslow is also home to entrepreneurs, start-ups and some of the world’s biggest multinationals. One Lampton Road is in the heart of the town and within 200 metres of Hounslow Central underground station.

Martin Roberts, Principal at Addington Capital said, “There is sometimes stigma about PDR schemes and the quality of living accommodation that can be delivered – but in One Lampton Road, I believe we have created a high-quality product. Our research has shown that there is demand for quality but fairly and sensibly priced PRS in this location and we are expecting One Lampton Road to let well during the first half of 2021.”

This is the 5th scheme that Addington Capital has developed. It recently completed the development of Park House (30 units) and the Leylands in Leeds (17 units) and Queens Square in Sheffield (25 units).

For interest in the apartments please contact: 0204 530 6411: onelampton@addliving.co.uk, or follow this link to the website: www.onelamptonroad.com

Posted in News on 26th January, 2021

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