Tag Archives: Bromwich Hardy

Commercial Property, Commercial Property News, Midlands News, News

Mini-budget gives clarity after months of drift, says Bromwich Hardy

The founding partner of one of the region’s most successful commercial property firms says last week’s mini-budget finally gives business some certainty after months of drift.  

Tom Bromwich, of Coventry agency Bromwich Hardy, said the Government’s commitment to growing the economy finally offered the business community some much-needed clarity about economic policy. 

But he warned that the next 18 months would still be a challenging period as businesses negotiated greatly-increased energy costs, rising inflation, the cost of living crisis and recruitment issues. 

“After a period in which there seemed to be considerable drift, it is welcome that we now have a clear indication of the path the Government plans to take to help business and the commercial sector through this difficult period. 

“The commercial property market remains strong despite this backdrop, and more clarity on business rates and the Exchequer’s approach to commercial tax will help provide more of the certainty that business needs.  

“The reversal of plans to increase National Insurance, scrapping planned increases on Corporation Tax, the creation of new Low Tax Zones across the UK and the cuts in Stamp Duty, all have their merits.  

“But we want to see serious moves to tackle inflation and help reverse the trend for ever-rising interest rates, as well as power being given to planning authorities and their partners to bring forward the new developments needed to meet demand. 

“We at least have a starting point with the measures announced today and the plan to halve energy bills for the coming six months which gives us a foundation from which we can move forward.  

“But as ever with these statements, the devil will very much lie in the detail, which we will study in depth over the coming days so that we can offer the highest quality advice to our clients.”  

Bromwich Hardy is one of the country’s largest independent commercial property agencies, regularly featuring in independent lists of the most active firms in the industry.  

For more information about Bromwich Hardy visit www.bromwichhardy.com 

Commercial Property, Commercial Property News, Midlands News, News, Sport

Bromwich Hardy scores with football club sponsorship

Leading Midlands independent commercial property agency Bromwich Hardy has stepped in to make sure a football club is dressed to impress for the new season.

The agency – which regularly features in league tables of the most successful firms around the country – has struck a sponsorship deal with the Coventry Alvis club.

Founding partner Tom Bromwich said the firm had agreed to sponsor the club tracksuits and leisurewear for the new season as part of its work to help a range of community and sporting organisations.

“We are delighted to be able to form a new partnership with Coventry Alvis and look forward to them enjoying a hugely successful season on the pitch.

“It’s never been more important that grass roots football has the resources to thrive and that a new generation of players has the chance to enjoy all the benefits that playing competitive sport brings.

“Clubs such as Coventry Alvis play a huge role in their communities promoting the importance of sport and we are delighted to be working with them.”

Alvis assistant manager Mark Edwards thanked Bromwich Hardy for their support.

“Sponsorship deals such as this play a vital part in ensuring clubs such as ours can thrive and we are very grateful to Tom and Bromwich Hardy for their backing. We look forward to repaying their support on the pitch this season.”

Coventry Alvis – known as the Tankmen – play in Midland League Division Two at the Alvis Sports and Social Club in the city. The club was formed in 1928 as the works team of the Alvis car and engineering company.

The deal adds to a growing list of sponsorship for Bromwich Hardy, including Coventry Rugby Club, Kenilworth Rugby, Cardiff Met Netball Club and the BMW car racing team of Alex and Guy Povey.

For more information about Bromwich Hardy visit www.bromwichhardy.com

Commercial Property, Commercial Property News, Midlands News, News, Sport

Bromwich Hardy in pole position with racing car sponsorship

Leading Midlands independent commercial property agency Bromwich Hardy has taken to the racetrack with a turbocharged new sponsorship deal.

The Coventry-based agency – which regularly finds itself in pole position in independent tables of the most successful agencies in the country – has teamed up with father-and-son car racing team Guy and Alex Povey.

The Poveys race in the all-action Gaz Shocks 116 Trophy – a one-make race formula dedicated to the BMW 116i which is now the country’s fastest-growing rear-wheel drive endurance series.

Each race lasts between 90 and 180 minutes with two mandatory pit stops and up to three drivers, there are also special sprint rounds and events are held at some of the country’s most famous racetracks.

Bromwich Hardy founding partner Tom Bromwich said he was delighted to be supporting the Poveys.

“Guy and Alex make a terrific team and it is wonderful to see a father and son being able to compete together at such a high standard in the same team.

“They bring to the racetrack all the qualities we value at Bromwich Hardy – teamwork, commitment to success and the need to bring through the next generation – and are a natural partner for us.”

Alex, aged 25, an automotive engineer with Bosch, said his 62-year-old dad had been racing for more than 20 years and had competed and won all over the world during his career.

“By contrast, this is only my second season racing having done a little bit of karting before when I was young. Last year we had a podium at Silverstone and some top 10 finishes and have had two outings so far this season at Croft and Oulton Park.

“At Croft we struggled in qualifying and started 17th out of 35. We eventually finished 14th after being hit from behind when a car with which Guy was battling lost its brakes.

“We had a great race at Oulton and were running eighth on the final lap – with every chance of moving up a couple of places – when a rival spun us out and into the barrier.

We have had to rebuild the front of the car after bending some suspension arms and smashing the front end.”

Alex said the Solihull-based team were now hoping for better luck throughout the remainder of the season.

“We cannot thank Bromwich Hardy enough for the help and support they have given us and it is tremendous to see such a successful company getting involved in motor racing at this level. We hope to reward their support with some great results later in the season.”

For more information about Bromwich Hardy visit www.bromwichhardy.com

Charity & CSR, Midlands News, News

Stars on target to raise cash for special charity

Stars of sport and TV have helped raise nearly £30,000 for an independent charity at a hugely successful clay shooting event.

Former England rugby captain Dylan Hartley, fellow internationals James Haskell and Tom Wood and Sky Sports commentator Alex Payne were among the stars taking part in the inaugural Get A-Head Charitable Trust clay shooting day.

Get A-Head chairman Tom Bromwich said the day had been such a success that a date had already been set for a second event next year.

The Birmingham-based Get A-Head trust helps people suffering from neck and head diseases, including cancer, and has raised more than £10million since it was formed in 1994.

Tom, the founding partner of Coventry-based commercial property agency Bromwich Hardy, said the event at the Royal Berkshire Shooting Ground owned by Purdey could not have been better.

“We were blessed with the most fantastic weather, had an excellent turnout and wonderful support. I cannot thank all those who gave up their time to come along and help us raise vital funds enough. We have far surpassed our wildest hopes with the amount raised.

“There was a real sense of enjoyment throughout the day and the fact that it was raising money for such a worthwhile cause as Get A-Head made it all the better.

“The funds will contribute to our work supporting a range of projects and equipment that will make a real difference to those fighting head and neck disease and help us win the fight against some of the rarest cancers and diseases. I am sure everyone who will benefit would want to join me in thanking all those who helped raise this terrific amount.”

The event was organised by Steve Dixon of The Do Club and enjoyed main sponsorship from City Electrical Factors. Get A-Head founder John Watkinson spoke of his pride in the work of the charity and thanked guests, who included Bromwich Hardy partner Dawn Cooper.

Tom said next year’s event would be on June 22 and would build on the success of this year’s inaugural day.

For more information about the charity visit https://getahead.org.uk/

Commercial Property, Midlands News, News

Investment opportunity at former supermarket site

A former Leicestershire supermarket site which is currently being refurbished into two new shops and a gym has gone on the market for £3.3million.

The 1.5-acre freehold site at Hawley Road, in the centre of Hinckley, is for sale through award-winning commercial property agency Bromwich Hardy.

Bromwich Hardy founding partner Tom Bromwich said: “The property is a former Lidl supermarket and measures 1.572 acres (0.636 hectares). All the refurbishment work to split the building into three units totalling 16,170 sq ft (1,520,40 sq m) is due to be completed by early July and 15-year lease agreements for all the units are already in place.

“With an annual net income of £210,996, the yield on this property is expected to be 6.39 per cent gross and 6.27 per cent net.

“This is a great opportunity to invest in a newly-refurbished site in an established retail area of one of the biggest towns in Leicestershire.

“With great transport links to the large population areas of Leicestershire, Warwickshire, the West Midlands and the South East, this is a very attractive site and we are anticipating a huge amount of interest.”

Bromwich Hardy is one of the country’s largest independent commercial property agencies, regularly featuring in independent lists of the most active firms in the industry.

For more information about Bromwich Hardy visit www.bromwichhardy.com

News

Bromwich Hardy boosts team with new appointment

Leading Coventry commercial property agency Bromwich Hardy has boosted its team with a new appointment.

Twenty two-year-old Mark Booth has joined the award-winning agency as a graduate surveyor having previously spent a year with the firm as part of a partnership with Coventry University.

Mark, who graduated with a first-class degree in business management, is now being sponsored by the firm through a Masters in real estate management at Birmingham City University.

Bromwich Hardy partner Dawn Cooper said Mark had made a real impression during his previous year with the agency.

“Mark did really well in the year he spent with us and we are delighted to have been able to take him on as part of the team now he has successfully completed his degree.

“We have enjoyed a very successful work placement partnership with Coventry University which has helped us identify some real stars of the future and we are confident that Mark will continue this tradition.

“It is essential that we bring on the next generation of talent if the region’s commercial property market is to continue to thrive, and we look forward to Mark completing his Masters and then setting his sights on achieving chartered surveyor status.”

Mark said: “I loved my work placement here at Bromwich Hardy and am thrilled to have been able to join the team full time. I can think of no better place to start my career and learn my trade from a team of real experts.”

Bromwich Hardy has also offered a year-long placement to Sheffield Hallam University student Robert Lord as part of his studies. Robert, from Leamington Spa, will spend 12 months with the company before returning to university to complete his degree in real estate.

Bromwich Hardy is one of the country’s largest independent commercial property agencies, regularly featuring in independent lists of the most active firms in the industry.

For more information about Bromwich Hardy visit www.bromwichhardy.com

Awards, Midlands News, News, Property

Sam scoops Rising Star award at prestigious Props

Bromwich Hardy graduate surveyor Sam Cooper has been named the Midland’s rising property star – after just one full year in his job.

Sam scooped the Rising Star award at the inaugural Midlands Props awards after judges heard the 25 year old concluded 34 separate in his first full year worth millions of pounds.

Sam said he was hugely honoured to have won the title and paid tribute to his colleagues at Coventry-based Bromwich Hardy for their part in his success.

“I have been fantastically fortunate to start my career at such a wonderful company and to be learning so much from a remarkable team,” said Sam.

Judges were told Sam had secured £1.4million of lease deals for 202,000 sq ft of space, 22 separate industrial lettings worth £1.1 million and six office lettings equating to 40,000 sq ft.

Awards host Jonnie Irwin – of TV’s Escape to the Country and A Place in the Sun – told guests at the awards ceremony at Birmingham’s Grand Hotel that Sam was like ‘a machine’.

Sam, who joined Bromwich Hardy in July 2022 and who is halfway through a Masters in Real Estate at Birmingham University, added: “It was a real shock to be shortlisted and I never dreamed I would actually win.

“I have had an incredible first year in the job and would like to thank all my clients, colleagues at Bromwich Hardy and most importantly founding partner Tom Bromwich for taking me under his wing and passing on some of his expert knowledge.

“I have my sights firmly set on becoming a chartered surveyor so there is still plenty for me to learn and lots of hard work ahead.”

Tom said: “Sam is a remarkable young man who has made a huge impact both on our business and the commercial property market in the Midlands in general in his first year in the job.

“He has a maturity beyond his years and an understanding both of the industry and – more importantly – the people we do business with, quickly winning their confidence and trust. He is already a key part of our team and we look forward to working together for many years to come.”

Bromwich Hardy was shortlisted for three awards at the event, also being nominated for best regeneration project with Complex Development Projects for a scheme which including the creation of the Telegraph Hotel Coventry, whilst Tom was shortlisted for office deal of the year for the sale of Bishops House on Tachbrook Park, Warwick.

The awards recognise the leaders making a difference in the world of Midlands real estate and raise funds for Variety, the Children’s Charity.

Midlands News, News

Last unit is filled on prestigious business park

Award-winning commercial property specialist Bromwich Hardy has let the last remaining unit at a prestigious Coventry business park.

The agency has concluded a deal to lease the unit at the purpose-built Blue Ribbon Park at Foleshill to plastics specialist and rooflight manufacturer Brett Martin Daylight Systems.

The company is moving into Unit 3 at the park after concluding a ten-year deal for the 11,225 sq ft site with Bromwich Hardy graduate surveyor Sam Cooper.

The park – which is also home to composite material and ballistic armour firm Advanced Composites UK, interior décor firm Pretty Little Home and e-commerce fulfilment experts Pack Smart – is now fully occupied.

Sam said the deal reflected a growing return to activity across the commercial property market.

“As we emerge from the pandemic we are seeing a growing demand for high-quality accommodation which has been designed to meet all the demands of the modern business environment.

“Blue Ribbon Park ticks all the right boxes in every respect. It is built to the highest quality, superbly located and serviced to the best standards. That is why it has attracted such an excellent range of companies.

“It also demonstrates the need for more developments of this type across our region, particularly as companies finally start to turn their attention to more long-term planning now that the immediate threat of more restrictions seems to have passed.”

John Carey, of Brett Martin Daylight Systems, said: “After conducting many searches of property over the last 18 months, we found one that was perfectly located to suit our requirements. With just two miles between our new site at Blue Ribbon and our state of the art manufacturing facilities in Aldermans Green it is a fantastic investment that will meet our immediate future demands.

“We must also mention the fact that the interior building lighting is all supplied by natural daylight in the form of GRP rooflights, a product we manufacture, and we will therefore enjoy the health, wellbeing and cost benefits associated with operating and running the building over our contracted term.”

Bromwich Hardy is joint agent for Blue Ribbon Park with Gerald Eve, which also manages the site on behalf of owners the Harmsworth Pooled Property Unit Trust.

Elizabeth Mellalieu, of Gerald Eve, said: “We are delighted to have secured such an excellent tenant in Brett Martin and look forward to following the continued success of all the firms now at Blue Ribbon into the future.”

It is the latest success for Coventry-based Bromwich Hardy, which consistently features at the top of the rankings for most successful commercial property agencies both in the West Midlands region and further afield.

For more information about Bromwich Hardy visit www.bromwichhardy.com

Commercial Property, Midlands News, News

Investment opportunity goes on the market for £4million

A five-acre industrial site on one of the Midlands’ largest industrial estates has gone on the market for more than £4million.

Award-winning commercial property agency Bromwich Hardy says there has already been strong interest in the 5.3 acre site at Colliery Lane on the Bayton Road Industrial Estate in Coventry.

Bromwich Hardy partner David Penn says the site is made up of 16 yards – some with buildings – the majority of which are occupied and are owned by a single-asset property company.

“This is a first class and very rare opportunity to invest in yard space in an area where there is considerable tenant demand.

“The site is forecast to be returning a gross income of more than £270,000 by November this year, with a yield of 6.7 per cent, and there are excellent asset management opportunities to be had here in respect of many of the yards.

“We’ve already had considerable interest from a number of quarters which is a reflection of the site’s excellent location, close to junction three of the M6, and the long-term opportunity the sale represents.

“It is exceptionally rare for a site of this size and scale and with these opportunities to become available and the degree of interest we have already received clearly represents this.”

Bromwich Hardy is one of the country’s leading independent agencies, regularly featuring at the top of industry league tables in Coventry, the West Midlands and further afield.

For more information about Bromwich Hardy visit https://www.bromwichhardy.com/

News, Property, South East

Leading publisher and distributor of children’s books to open new chapter at showcase London offices negotiated by Bromwich Hardy

Scholastic, the global children’s publishing, education and media company, is moving its UK office, currently based in Euston, to new landmark offices at 1 London Bridge in a deal concluded by Richard Hardy, founding partner of the award-winning commercial property specialist Bromwich Hardy.

“These new offices are a superb fit for the company, reflecting its own commitment to excellence and providing the space and flexibility to embrace its ambitions for the future and new ways of hybrid working,” said Richard.

“This is the third London move I have negotiated for them over the past twenty years, reflecting their evolving needs.”

Scholastic will occupy a floor in the building with access to reception and meeting space on the ground floor. The new office provides flexible working and collaboration space, which the company has said will support a hybrid working ethos.

Catherine Bell, group co-MD at Scholastic, said: “This move provides an opportunity for our staff to communicate and collaborate even more closely. Our new space is vibrant and energising and this is the exact right time to reduce our office footprint, utilizing new space to help us to build an inclusive and creative culture in a hybrid model. This can only help us to retain and attract the very best talent and we cannot wait to welcome our authors, illustrators, customers and partners to our new home later this year.”

The company – which has earned a reputation as a trusted partner to educators and families – will move all its London staff to the new base and intends to take occupancy towards the end of the summer.

Richard added the new offices were superbly located with stunning views across the Thames to the City and sat at the heart of an expanding and thriving riverside borough, close to Borough Market.

He said a second deal involving Scholastic had also been concluded.

“I am also pleased to say that Bromwich Hardy, with our joint agents VSL and partners, have sold the freehold of Scholastic’s warehouse in Witney, Oxfordshire, thus completing the reorganisation of their warehousing operation into a new purpose-built warehouse in Warwick.”

Bromwich Hardy consistently features at the top of the rankings for most successful commercial property agencies both in the West Midlands region and further afield.

For more information about Bromwich Hardy visit www.bromwichhardy.com