West Byfleet | Surrey

A 63,000 sq.ft. mixed use property in the centre of West Byfleet, Surrey.

Consisting of a mixture of office and retail accommodation, Station Approach is the main shopping and commercial centre for West Byfleet, located less than 200m from the railway station and opposite an existing Waitrose foodstore.

West Byfleet is situated one mile outside the M25 circle, within five miles of Woking and is approximately 24 minutes to central London by train.

Woking Borough Council Planning Committee granted outline planning permission for the redevelopment of West Byfleet District Centre in December 2017.

Update on West Byfleet District Centre

The owner of West Byfleet District Centre, Prime Finance (West Byfleet), has devoted significant resources in the acquisition and progression of the Sheer House complex to date, culminating in securing the planning permission for the comprehensive regeneration of the centre of West Byfleet.

This has paved the way for major investment in West Byfleet including major improvements to the public realm and a new public square. Work is continuing with Woking Borough Council to prepare the centre for redevelopment, and a development agreement to facilitate the incorporation of the council owned car parking area and library / community facility into the development has now been completed.

Securing vacant possession of the existing buildings is of significant importance. Over the past twelve months, several occupiers have decided to vacate on their own volition, while others have agreed terms to end their tenancies over the balance of this year. There remain a couple of occupiers with leases that run into 2020. However, a number of initiatives are in progress to enable the commencement of development at the earliest possible date.

Whilst we acknowledge it is disappointing for local residents to have fewer shops available, this is the inevitable result of the substantial challenges involved in re-developing a complex site. We therefore hope that you will bear with us.

A further update will be provided later in the year.

Paradise | Birmingham

Two properties were acquired in 2005 to secure sufficient land ownership to enable our partners, Argent / British Telecom Pension Scheme, to take the lead in proposals to create a major expansion of Birmingham’s city core.

Planning permission for up to ten new office buildings and 1.8 million sq.ft of development has been obtained, together with £60m of Enterprise Zone funding for infrastructure.

The development is set to dominate the Birmingham office market for the next 10 years.

Residential Land

The team is working on a number of greenfield and brownfield residential land sites in Oxfordshire and Berkshire that could deliver approximately 1000 homes.

The sites were secured on a mix of freehold purchase, promotional agreements and options and are at various stages in the planning process.