Tungsten Properties

🙌 A great way to end the year with the news that our two new mid-box #industrial and #logistics #warehouses, with a combined value of £15m, at Breckland Road in #MiltonKeynes, have been approved by Milton Keynes City Council. We acquired the 3.3-acre site and subsequently submitted a planning application for two buildings that will total 61,256 sq ft (5,690 sq m). 🌿 We will target BREEAM Excellent and EPC A and include 10 metre eaves, secure self-contained yards, fully fitted offices and a generous power supply. 🛣️ Breckland Road is an established business park location in north Milton Keynes with access to junction 14, M1 motorway and is close to many local amenities. 🌟 The project is forecast to create circa 107 #construction roles and once the buildings have been completed, house up to 157 #employment jobs. David Mole: “To have received consent for these two buildings means we can deliver modern and sustainable facilities to meet the high demand from companies needing to expand or be located centrally in Milton Keynes. We look forward to creating local jobs in both the construction and end use phases.” Patrick Mooney, Cushman & Wakefield: “This is welcome news for both the business community and local area meaning that these two super buildings can be delivered. We are talking to both local and national businesses which need new, high spec space in well-connected Milton Keynes.” Tungsten Park Milton Keynes will be available to occupy in Q4 2025. Cushman & Wakefield and Adroit Real Estate Advisors are the leasing agents. ➡️ Find out more: https://lnkd.in/eGV2dqAZ

🌟 What a year it has been! Despite a slower marketplace, we’ve had another busy one! Our track record has now reached 5.5 million sq ft! ✨ A special shout-out to our amazing projects: the 500,000 sq ft cross-docked logistics unit, #ArcRoyal in #Birkenhead, and the 11-unit, 358,000 MLI scheme at #CenturionPark in #Colchester. Both have successfully reached Practical Completion in the last quarter and are already attracting strong #leasing interest. 🙏 We're incredibly grateful to Tristan Capital Partners for their partnership in funding these schemes and to Winvic Construction Ltd and McLaren Construction Group for their exceptional delivery of these projects. ✅ On top of that, we successfully sold our 29-acre site at #Worksop for £12 million after a successful planning appeal for a 550,000 sq ft #logistics scheme. 🍾 Exciting times within our #team with the addition of ‘double Matts’: Matt Jones and Matt Moran! 🙌 We also opened our new office at 33 Cavendish Square, #London W1. 💫 As we gear up for next year, it’s hard to believe we’re celebrating our #20th #anniversary - a significant milestone that reflects our journey so far. With a robust pipeline ahead, exciting times are on the horizon! Here’s to continued growth and collaboration! 🚀✨ 🤩 Big thanks to our whole Tungsten #team, and to our wider professional team: HTC Architects PRP UK Ltd Forsters LLP Pegasus Group ADC Infrastructure #Blade Goodrich Consulting LLP KAM Project Consultants Savills 🙏🎄We also thank all our #agency advisors and trusted #capital partners for their support throughout the year and wish you and your loved ones a joyous holiday season. #thankyou #logistics #industrial #warehouse #construction #realestate #commercialrealestate

🙌 We are delighted to announce that detailed designs for our new £13.6 million mid-box #industrial and #logistics #warehouse at Old Horns Lane, #HighWycombe, have been approved by Buckinghamshire Council. We acquired the 2.8-acre site and subsequently submitted a planning application for the 44,000 sq ft (4,087 sq m) building. 🌿 Tungsten Park High Wycombe will target BREEAM Excellent and EPC A. ⚡ It will benefit from nine metre haunch height, secure self-contained yard, fully fitted office and a generous power supply. 🛣️ Old Horns Lane is located less than two miles from J4 M40 and 13 miles from J1A M25 with strong transport links to the motorway network and close proximity to High Wycombe’s #employment pool. 🌟 The project is forecast to create circa 78 #construction roles and, once the buildings have been completed, house up to 53 employment jobs. 🚧 The warehouse will be built #speculatively with construction due to start in Q1 2025. The building will be available to either #lease or purchase the freehold. Matt Jones, Development Director: “We welcome the green light news for Tungsten Park High Wycombe. The development will address the growing demand for logistics space in an undersupplied market, catering to occupiers serving Greater London and the Home Counties. We look forward to creating local jobs in both the construction and end use phases.” Iolo Morgan, BNP Paribas Real Estate: “This is significant news for High Wycombe and those many local and national businesses which have been looking for high spec industrial accommodation in such a well-connected area. Tungsten Park High Wycombe also offers the increasingly rare opportunity for an occupier to purchase the #freehold of a brand new, best in class unit in the South East of England.” BNP Paribas Real Estate and Colliers are the leasing agents. ➡️ https://lnkd.in/eUZ8tPDa #investment #commercialrealestate #Buckinghamshire

🙌 We are thrilled to announce that detailed designs for our new £7.3m mid-box #industrial and #logistics #warehouse at Bermuda Park, Nuneaton, #Warwickshire, have been given the green light by Nuneaton and Bedworth Borough Council. 🏗️ We will be #speculatively developing ‘Nuneaton 37’ which will total 36,730 sq ft (3,412 sq m). 🌿 Nuneaton 37 will target BREEAM Very Good and EPC A and include 10 metre eaves, three loading doors, a secure self-contained yard and fully fitted office. 🚚 Bermuda Park is located at junction 3, M6 motorway and is home to companies which include Evri, Unipart, GIST and HelloFresh. ✅ The project is forecast to create circa 150 #construction roles and, once the building has been completed, house up to 95 #employment jobs. Jenny Clarke: “We are pleased to have secured planning consent and look forward to developing a modern, #sustainable industrial and logistics facility to meet the high demand from companies needing to be located centrally with direct access to the M6 motorway. Our investment will create local jobs in both the construction and end use phase.” Adam McGuinness, Carter Jonas: “This is a positive result for both Tungsten and the Nuneaton and #Coventry market. The speculative delivery of Nuneaton 37 will be well-received by both local and national businesses seeking a delivered solution and access to local skilled labour pools. We look forward to engaging with occupiers about the potential opportunities.” 🚧 Construction is due to start in late November/early December and will target practical completion in Q3 2025.   Carter Jonas and Phillips Sutton are the leasing agents. Nick Waddington Sam Sutton ➡️ Read more: https://lnkd.in/ebPx9Cga #Nuneaton #Tungsten #commercialrealestate #investment #development #socialvalue

We were proud to sponsor last week's Freeport East Innovation Cluster Business Networking event, where we gave a #development update on #Centurion Business Park in #Colchester, #Essex and launched our new #video. We are delivering this best-in-class development alongside Tristan Capital Partners:   🗓️ Arriving December 2024 ✅ 357,500 sq ft of space #️⃣ 11 units ranging from 11,000 – 70,500 sq ft ⚡ 5 MVA of power, 2MVA of which can be directed to any unit on the park 🔐 Generous secure yards ☀️ PV on every unit 🟢 Targeting EPC A + and BREEAM Excellent Luke Davenport and James Brodie Leasing agents: Daniel Harness, Harwin Property Consultants Mike Wilson, Savills ➡️ Find out more: https://lnkd.in/eyGhmeaF #logistics #industrial #warehouse #construction #realestate #commercialrealestate

🙌 Exciting news! We're opening a #London office and have appointed Matt Moran as Investment Manager! Matt joins us from Vengrove where he was Senior Associate focused on UK #investment and #development transactions within the #industrial and #logistics sector. Matt will be responsible for managing the interface between our #capital partners and the development management team which is based in our #Leicester HQ. Matt will be based in our new London office at #33CavendishSquare, W1 and will work with recently appointed Matt Jones who joined in July as Development Director. Together they will work closely with the London-based #agency and capital communities. Jeff Penman, MD said: “We warmly welcome Matt at an important time in our #growth strategy where he will bring his extensive London capital investment experience to be the link to our thriving and busy development team. His skillset will help to continue building relationships at a time when the mid and big-box logistics and industrial market shows positive signs of returning #occupier and #investor confidence. By expanding our office network into London and with a committed development #pipeline of 2.8 million sq ft, we are well-placed to cover the UK and be geared-up for future pipeline opportunities.” Matt Moran added: “I’m joining Tungsten Properties at an exciting time as they build on their already strong relationships with capital partners and the agency community. I look forward to helping grow the company’s London presence from the new office at 33 Cavendish Square while working closely with its exceptional development team.” ➡ Read more: https://lnkd.in/epsKHzzT

Thanks to Barwood Capital for supporting us on our third development project with them, following successful developments at Super G in Glasshoughton, and Tungsten Park, Bardon. We look forward to seeing you at the IAS awards, and good luck - it’s a great scheme!

🙌 A big welcome to Matt Jones who joins us as Development Director as we continue our UK #growth strategy. Matt has more than 12 years’ #logistics real estate experience both agency and developer-side. Jeff Penman: “We warmly welcome Matt to our team. He brings with him solid agency and developer-side UK logistics experience in both land #acquisition and #speculative #development delivery. "Tungsten remains well-placed to continue our growth into an improving marketplace in both the mid and big-box sector, with signs of returning occupier and investor confidence. "With 2.8 million sq ft in our existing committed #developmentpipeline, spanning from Birkenhead to Colchester, Matt’s track record in delivering across the UK will allow us to deliver and further grow this pipeline.” Matt Jones: “I’m proud to be joining such a brilliant and well-respected company as Tungsten Properties. They are a great team with a wide range of market-leading projects to which I’m looking forward to bringing my skill set.” 🌟 Matt’s appointment brings our team to 10 people.   ➡ Read more here: https://lnkd.in/eJg2p2F4 #realestate #peoplemoves #industrial #warehouse

🙌 We are delighted to announce that we have secured #occupiers and #freehold sales for all seven of our #tradecounter units and one #drivethru at Tungsten Trade Park #Brackley, #Northamptonshire. 🌟 The new occupiers include Easy Bathrooms, Screwfix, GARAGE 59 LIMITED, DAR Group, Toolstation, Rapid Electrical Distributors, Rexel, and Costa Coffee. ☑ All 7 trade units and the drive thru have been sold either directly as occupier freehold sales, or as investments to a range of #privateinvestors. 🏗 The project, which commenced in Q3 2021 and reached practical completion in Q4 2022, was our second scheme to be delivered in JV with funder EURO PROPERTY INVESTMENTS LIMITED. Jeff Penman: “Following a significant deterioration in the institutional investment market, we made the decision to separate the estate and sell as seven individual properties which resulted in the project performing ahead of business plan. The success of the scheme, despite challenging economic conditions post-completion, has led to further deals being agreed between Tungsten and EPIL at sites in #MiltonKeynes and #HighWycombe.” Ashleigh Hayes: “To have all units occupied and sold shows the strength of demand for trade counters in the thriving town of Brackley. We have a fantastic tenant line up and the occupiers will undoubtedly benefit from each other’s presence on the Park. This is evidenced by Costa which has already extended their lease, showing the strength of the trading position.” Andrew Franck-Steier, Atlas Real Estate: “Tungsten Properties has built another excellent scheme in a prime location in the market town of Brackley which is experiencing significant expansion due to the delivery of new homes and its proximity to the A road and wider motorway network. The lettings to these key occupiers along with freehold investments have provided investors with long-term income.”   Carter Jonas and White Commercial Surveyors were the commercial agents. Atlas RE Ltd advised on the investment sales.    ➡ https://lnkd.in/eHeAvgYY

🙌 We are pleased to announce that we have acquired strategic industrial development sites in #MiltonKeynes and #HighWycombe, which total 5.1 acres in a joint venture with EURO PROPERTY INVESTMENTS LIMITED. ⭐ The acquisitions mark our third and fourth sites with EPIL with previous JV success with multi-let schemes at Tungsten Park #Tamworth and Tungsten Trade Park #Brackley. Jeff Penman: “In 2024, we continue our strategy to increase our development pipeline by acquiring these two strategic sites in #Buckinghamshire. Both sites are in well-connected areas with a strong workforce already employed in the manufacturing, transport and storage sectors. Our investment will bring new, high-spec buildings and jobs to meet the strong demand from businesses needing new or expansion warehousing space.” David Mole, Development Director for Milton Keynes project: “Milton Keynes is booming and has a reputation for convenience and accessibility with current high demand for industrial and warehouse space. Our latest investment will cater for those companies desperately needing high-spec, efficient HQ industrial buildings.” Ashleigh Hayes, Associate Development Director, for High Wycombe site: “Our new site is excellently located and coupled with our sustainability technologies to enable efficient occupation, will appeal to many companies which need quick access to London markets at the benefit of regional rental levels. We have started positive conversations with both occupiers and agents and look forward to progressing these projects.” Agents are: Milton Keynes: Cushman & Wakefield and Adroit Real Estate Advisors High Wycombe: BNP Paribas Real Estate and Colliers. ➡ Read more about our plans for delivering new units on these two sites: https://lnkd.in/eyV7cpKN #commercialrealestate #industrial #logistics #warehouse #warehousespace #jobs