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New faces as agency expands.

A round-up of news from the region's commercial property sector in the past week The Birmingham office of Lambert Smith Hampton has expanded its agency team in the city.

The newest members of the LSH team are Jon Hinton and Sam Mountford. Mr Hinton joins the office agency team as a senior surveyor, having spent three years at Burley Browne based in Sutton Coldfield working for local clients including Legal & General.

Mr Mountford joins LSH as graduate surveyor, having recently completed his Masters in Real Estate Management at Birmingham City University, and coming top of his class.

Alastair McChesney, agency director in LSH Birmingham, said: "Historically, our Birmingham agency team has enjoyed a strong track record amongst corporate occupiers.

"The appointment of Jon and Sam brings further strength to the team, enabling us to grow our agency offering."

Alex Hanna has also been promoted to associate director after being responsible for a number high-profile industrial acquisitions and disposals, including transacting the largest Midlands-based industrial deal of the year, at 466,745 sq ft.

LSH's Central region boss Ian Kibble added: "The Birmingham team have done some excellent deals on all fronts; industrial, office and retail over the last 12 months.

"Growing our team and nurturing new talent is the only way to stay strong in what is a highly competitive market."

Firm strengthens agency team Property consultants Drivers Jonas Deloitte has strengthened its agency team in Birmingham with the appointment of Cameron Thomson as a senior surveyor.

Mr Thomson has more than nine years' agency experience, primarily in the office and industrial sectors in the Midlands, advising on both freehold and leasehold disposals and acquisitions.

His clients included private individuals, major corporations, investors and occupiers, developers, local authorities and housing associations.

Mr Thomson joins Drivers Jonas Deloitte from Shortland Horne in Coventry.

He will be based at the firm's office in Brindleyplace.

Philippa Pickavance, head of agency in the Midlands at Drivers Jonas Deloitte, said: "Cameron will be a valuable addition to the agency team, having a wealth of experience and sound knowledge of the commercial property market across the Midlands."

City firm to build distribution hub Around 1,000 new jobs are set to be created in Bristol with the building of a pounds 35 million distribution centre by two Birmingham property specialists. Bristol City Council has given Gallan Group and Stoford the go-ahead to construct the 435,750 sq ft facility at Avonmouth for the Co-operative Group. The building is scheduled to be completed in early 2012.

The scheme follows the Co-operative Group's acquisition of Somerfield in 2009 that led to the closure of Somerfield's Bristol head office.

AXA Real Estate, Europe's second largest investment fund, has agreed to finance the deal.

Pre-let to the retailer on a 20-year lease at a rent in excess of pounds 2.1 million a year, the distribution centre will serve more than 400 stores in Bristol, the Southwest and South Wales.

Dan Gallagher, leading the project for Stoford, said: "We are delighted that unanimous approval has been given to a project that will bring a tremendous boost to the Bristol economy in such difficult times.

"The long-term commitment of such a high quality tenant will see pounds 25 million invested in the local economy in the next two years." Karen Wilson, sister of Dan Gallagher and leading the scheme for Gallan Group, said: "In the current economic climate, forward funding is one of only a few forms of development capital available so we are delighted to have an opportunity to work with AXA Real Estate and continue our long-established relationship with the Co-operative Group."

John Rogers of Drivers Jonas Deloitte acted on behalf of Gallan and Stoford for the investment sale.


Ian Kibble with his expanding agency team at LSH in Birmingham
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Publication:The Birmingham Post (England)
Date:Mar 3, 2011
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