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Latest News

Development Update – Arterial Park, Essex

In conjunction with Mirastar Real Estate, Arterial Park is a new industrial/distribution development strategically located four miles to the east of Basildon and ten miles to the south of Chelmsford at the junction of the A127 and A1245 roads. The A127 gives direct access to the M25 (Junction 29) within 14 miles.

The site, which extends to 23.70 acres, offers a variety of unit sizes within 2 separate phases. Phase 1 construction is now underway which will offer unit sizes from 4,850 - 22,930 sq ft, available from Q3 2021. Arterial Park is an ideal development for a magnitude of businesses, being suitable for a variety of industries such as industrial, distribution, logistics, manufacturing, trade and many more.

2nd February 2021

Development Update – Verda Park, South Oxfordshire

Construction has officially commenced on-site at Verda Park, a brand new Net Zero Carbon commercial development offering a variety of units from 5,124 - 69,901 sq ft. Completion due in Q3 2021.

27th January 2021

New Development – Orwell Logistics Park, Felixstowe

In conjunction with BentallGreenOak, a new industrial/distribution development strategically located to the east of Ipswich, 8 miles from the Port of Felixstowe, the UK’s dominant container port.

The scheme will consist of over 1 million sq ft across multiple phases and flexible unit sizes are available up to 500,000 sq ft from Q2 2022.

25th January 2021

Investment Sold – Bradbury Park, Braintree

Equation Properties and Sheikh Holdings are delighted to announce the investment sale of Bradbury Park to PATRIZIA AG. The scheme was sold with 45% of the scheme pre-let.

21st January 2021

Site Acquired – Orwell Logistics Park, Felixstowe

Equation Properties and BentallGreenOak are pleased to announce the acquisition of Orwell Logistics Park close to the Port of Felixstowe. The 60 acre development site was acquired in December 2020 with an outline planning consent already in place.

Orwell Logistics Park will consist of 4 units across multiple phases, ranging from 88,000 – 500,000 sq ft and totalling over 1 million sq ft. Phase 1 construction is targeted to commence in Q2 2021 to deliver 546,000 sq ft across 3 units, with estimated completion to occur in Q2 2022. Orwell Logistics Park is strategically located to the east of Ipswich, 8 miles from the Port of Felixstowe, the UK’s dominant container port. The Park fronts the A14, the road connecting Felixstowe to Cambridge & the UK logistics ‘Golden Triangle’.

13th January 2021

Team News – Dick Smallman

Equation Properties are pleased to welcome Dick Smallman to the team as Construction Executive as of January 2021. As our development pipeline has continued to grow, it was the perfect time to bolster our construction team.

Dick has 35 years experience within the industrial and logistics sector. He joined Wilson Bowden Properties in 1986 where we became Surveying and Estimating Director. He went on 1995 to work with Kingspark who were later acquired by Prologis in 1998. In 2001 Dick then joined Rosemound as Construction Director and shareholder and was promoted to UK Construction Director following the corporate acquisition by Goodman. Following this, Richard became a shareholder of Lynton Developments and Construction Director at Graftongate.

Dick has extensive experience within the industrial and logistics market and has worked with all of the major logistics providers in the construction of facilities countrywide. Dick’s role at Equation Properties will be to support the ever-growing development pipeline in both pre & post-contract delivery.

7th January 2021

2021 Update

We’d like to wish all of our followers a Happy New Year.

2020 was a promising year for Equation Properties, as we continued to expand and intensify our development activities in the industrial/distribution sector. Before yearend, we agreed several transactions in 4 new site acquisitions and 2 investment sales of existing schemes. These transactions contributing to an accumulative value of £103.68m. With several secured projects in the immediate pipeline, we are excited for 2021 and introducing new projects to the market in the new future.

5th January 2021

Development Update – G-Park Northampton

Equation Properties and GLP Europe are pleased to announce two lettings on the scheme. The letting of Unit 2 in August to S.F. EXPRESS CO. LTD comprising 90,000 SQ FT, and the letting of Unit 3 in November to Whistl UK Ltd comprising 155,000 SQ FT. This brings the park to 55% let.

16th November 2020

New Development – Verda Park, South Oxfordshire

In conjunction with Bridges Fund Management. Verda Park is a brand new commercial development in Wallingford, South Oxfordshire, built to the highest specification with outstanding sustainability features (Net Zero Carbon, EPC A+ & BREEAM 'Excellent'). The park is located on Hithercroft Estate, an established commercial area which benefits from main road frontage to the Western Bypass (A4130).

The site, which extends to 7.56 acres, offers a mix of unit sizes ranging from 5,124 - 69,901 sq ft available from Q2 2021, with the ability to combine units. Verda Park is an ideal destination for a magnitude of businesses, being suited to a variety of industries including; industrial, trade, science, research & development, technology and innovation.

12th October 2020

Development Complete – Bradbury Park, Braintree

Equation Properties and Sheikh Holdings are thrilled to announce that construction for the development has concluded. The scheme is 45% occupied, leaving just 9 speculative industrial units from 7,342 – 37,488 SQ FT available for occupation.

25th September 2020

Development Update – Proxima Park, Waterlooville

Equation Properties and LaSalle Investment Management are pleased to announce the first letting on Phase 1 at Proxima Park. The letting combines Unit 126 & 127, which comprises of 33,406 SQ FT and takes Phase 1 to 32% occupied.

18th September 2020

Site Acquired – Churchill Court, Crawley

Equation Properties and Arrow Capital Partners are pleased to announce the acquisition of Churchill Court in Manor Royal, Crawley. The business plan will be to redevelop the 4-acre site, which comprises two office buildings of more than 70,000 sq ft of urban logistics units.

7th September 2020

IAS Awards Nomination

Equation Properties has been shortlisted for 'Deal of the Year under 50,000 SQ FT' by the Industrial Agents Society. The deal in question being the leasing of Unit 310 at Proxima Park, which was pre-let to Coopers Fire as of June 2019. The occupier took occupancy of their new facility in March 2020.

31st July 2020

Development Update – AF Blakemore, Bedford

Construction is progressing rapidly for A.F. Blakemore and Son Ltd's 164,850 SQ FT temperature controlled unit, with the steel frame beginning to take shape.

21st July 2020

Phase Complete – Proxima Park, Waterlooville

Equation Properties and LaSalle Investment Management are thrilled to announce that construction for Phase 1 has concluded. Phase 1 consists of 13 enhanced specification industrial units, ranging from 3,000-20,000 SQ FT. For more information on availability please contact info@equationproperties.com.

22nd June 2020

Development Update – AF Blakemore, Bedford

Construction is well underway for A.F. Blakemore and Son Ltd temperature controlled 164,850 SQ FT unit. McLaren Construction are making fantastic progress on-site, site preparation and ground work are all but complete. Erection of steel frames expected to commence next week.

17th June 2020

Development Update – Bradbury Park, Braintree

Equation Properties and Sheikh Holdings are pleased to announce another Pre-let at Bradbury Park. Unit 5A, which comprises a total of 20,085 SQ FT has been let on a 10 year term certain lease.

This brings the scheme to nearly 45% occupied, and with other units under offer, less than 50% of the scheme is available, with Practical Completion due in the next few weeks. This letting continues to underpin the occupier demand for industrial/logistics space even during these uncertain times.

8th June 2020

Development Update – Liberty 196, Brackmills

Equation Properties and Prologis are thrilled to announce that the Liberty 196, comprising of 197,216 SQ FT, has now been let to James and James Fulfilment on a 10 year term certain lease. Given current cicumstances relating to the COVID-19 pandemic, it is encouraging to see that tenants are still active in the industrial and distribution sector and occupying space.

Liberty 196 is equipped with very high specification, and is prominently positioned on the entrance to the Brackmills Industrial Estate. It benefits from excellent communication links, with the A45 dual carriageway providing direct access to the M1 J15 and the A14 J13. We are pleased that we have let the largest unit currently sat in our portfolio, during these difficult times.

22nd May 2020

Team News – Nick Redwood

Equation Properties are pleased to announce that Nick Redwood has assumed a new role within the company. Nick had been working at Equation Properties as a Consultant since 2015, he will now commence his new role as Development Executive on a full time basis. This is to support our core objective of meaningful growth in the Industrial and Distribution commercial development sector.

Nick has over 35 years’ experience as a specialist industrial & logistics developer in the commercial property market. He began his career at Chesterton agency, focusing on UK industrial and logistics as an associate for 12 years. Next, Nick moved onto Belgrave Land Ltd where he worked as a development director in small, private and multi-sector developments. In 2002, Nick joined Gazeley as a Development Director, during his time at Gazeley he climbed through the ranks to Managing Director UK, and lastly, Senior Vice President & Managing Director Europe & Americas. He later resigned in 2011.

More recently, Nick worked as a consultant to London Metric Property PLC for two years, then joined Equation Properties in 2015. He applies his broad knowledge of the sector to all of our schemes to ensure optimal solutions and delivery are achieved for each project.

Development Update – Bradbury Park, Braintree

Equation Properties and Sheikh Holdings are delighted to announce a Pre-let at Bradbury Park. The largest industrial unit on the estate, comprising of 62,000 SQ FT on a 10 year term certain lease. This brings the scheme to over 30% occupied and demonstrates that strong occupier demand continues even during these uncertain times. The unit will complete in September, following extensive fit-out works.
 
Bradbury Park will comprise of over 190,000 SQ FT of speculatively developed industrial units, the balance of which are due to complete next month. With strong tenant interest in the remaining units, we are looking forward to concluding the construction of this scheme.

18th May 2020

COVID-19 Update

In light of the recent developments relating to the COVID-19 pandemic, Equation Properties would like to update the market on the various measures we have taken to remain operational, and indeed on our ongoing activities. During these testing times we would like to reassure all stakeholders that we are still open for business and operating safely & efficiently.

We have three schemes currently under construction, being Proxima Park (Waterlooville), Bradbury Park (Braintree) and the AF Blakemore & Son Pre-Let (Bedford). Initially, construction halted on all three schemes as a result of the lockdown measures imposed. Following pro-active consultation with all parties construction has now resumed on all three sites. This has been made possible by contractors adhering strictly to new Government guidelines put in place for the construction industry, and their own measures to ensure the safety of their operatives. As a result, these schemes are all due to complete with minimum disruption/delay in a responsible and sustainable manner.

Although our office remains closed, as a team we have adjusted effectively to remote working, and remain fully functional in our day-to-day operation. We have several new projects in the immediate pipeline that we look forward to sharing with you in the near future, and we are still actively seeking new development opportunities.

Stay safe,

The Equation Properties Team

22nd April 2020

Unit Complete – Coopers Fire, Proxima Park

Equation Properties are delighted to announce that Coopers Fire have taken occupation of their 45,000 SQ FT pre-let industrial unit at Proxima Park. It is a great milestone for the scheme with Phase 1 completion following closely behind.

17th March 2020

Development Update – AF Blakemore, Bedford

Planning approval was granted for A.F. Blakemore & Son Ltd's Pre-let temperature controlled 164,850 SQ FT unit on 27/01/20.

Construction expecting to commence on site in early April 2020.

30th January 2020