Commercial Property

Our commercial property team delivers focused strategic advice to a wide range of clients. They are at the forefront of commercial property development in Wales, working with a broad range of developers, investors and portfolio occupiers.


Summary

Our commercial property clients include:

  • Developers – residential, commercial, retail and leisure, industrial and public sector
  • Investors and financial institutions
  • Portfolio occupiers – social housing, retail, sport, leisure, public sector and student accommodation

The team inspires clients’ loyalty by delivering a personal cost-effective service that is partner led. Our clients value us for the blend of technical expertise, pragmatic advice and quality of service that we deliver.

Our experience includes the following:

  • Site acquisitions and disposals
  • Contract and lease negotiation
  • Strategic property portfolio advice
  • Industry expertise

Experience

Parc Derwen, Bridgend

Acting for the Consortium comprising the Welsh Government, Gallagher Estates, Persimmon and Taylor Wimpey on the Parc Derwen village project in Bridgend.

The sensitive scheme with a capital value of £225 million has been designed to create “a village for the 21st century” with “an interconnected network of “people-friendly” streets to encourage walking and cycling and open green spaces, parkland and formal and informal play areas”. The 200 acre site will provide 1,500 new homes a small shopping centre, community centre and a new primary school for 330 pupils with 30 nursery places.

The Hugh James team advised on title, property and construction documents, consortium documents, planning and infrastructure agreements.

Barry Waterfront

Acting for a Consortium of Taylor Wimpey, Persimmon and Barratt Homes on the acquisition of the Barry Waterfront Site. The transaction involves the acquisition of the 41 hectare Barry Waterfront Site.

The complicated nature of the transaction is structured with a view to ensuring the Consortium achieve Eco Homes Excellent rating for all new homes, BREEAM Excellent rating for all commercial units and carbon neutral status by 2011. This prominent scheme will see the continued regeneration of the Barry Waterfront Area with 2000 new homes and around 300,000 sq ft of commercial and leisure facilities.

Ffos Las Racecourse

Acting on behalf of Ffos Las Limited (part of the Walters Group) in connection with the new racecourse development in Carmarthenshire, one of only three racecourses in Wales, and the first National Hunt course to be completed in Britain for over 80 years.

The 600 acre complex is situated near Trimsaran, in West Wales, on what used to be the largest open cast mining site in Europe. Peter Hurn has dealt with all aspects of the Site including a sale of residential land to Persimmon Homes and all infrastructure and planning agreements. The site provides for an all-weather, oval track one mile and four furlongs in length, in line with Jockey Club specifications, and will host both National Hunt and Flat racing meetings. The racecourse is expected to create over 100 jobs and bring up to £600 million pounds into the local economy and the first race has been scheduled for June 2009.

Watkin Jones Group, Victoria Dock, Caernarfon

This involved a regeneration project with the Welsh Government and the redevelopment of Victoria Dock, Caernarfon. This is a high profile mixed residential and commercial development overlooking the Menai Straits. The scheme involves the building of 50 eco-friendly apartments and maisonettes, two hotels and various commercial opportunities and office lets, including S4C, a Celtic retail centre, doctors surgery and crèche facilities.

In a twelve month period between 2007 and 2008 the commerical property team sold circa £250,000,000 worth of student schemes and acquired sites the length and breadth of the UK for future student accommodation. Some of the schemes have been bought, developed and retained, others have been bought, developed and sold whilst some have been bought and forward sold. The average acquisition price of the land is in the region of £5,000,000 and the average sale price is about circa £30,000,000.

In addition to the student accommodation, the team continues to work on mixed commercial/retail schemes which involve not just development work but also landlord and tenant.

WRU Centre of Excellence

Acting on behalf of the Welsh Rugby Union in connection with the two million pound Centre of Excellence at the Vale Hotel, Golf and Spa Resort in Hensol near Llantrisant, which boasts the best national team preparation facilities in world rugby. The Indoor Arena, and the office accommodation will now be used to exclusively house Welsh Rugby Union teams and backroom staff, while three, new, full size pitches will be laid for exclusive use of Welsh Rugby Union teams, along with two half pitches and a new artificial, 3G pitch inside the Indoor Arena.

The project was the result of a three way partnership, with investment from the Welsh Rugby Union, Leekes, the owners of the Vale Resort, and the Sports Council for Wales who have allocated a £1.5 million National Lottery grant into the project. To meet exacting deadlines, the transaction exchanged within 7 days of receipt of contract papers and completed at the end of October 2008.

Testimonials

“This is a specialist area and they are extremely knowledgeable. They understand the law and the legal framework and they have an awful lot of experience.”

“They are willing to go the extra mile and they are supportive to clients.”

“They really understand our business; they’re very good”

“They’re excellent – they are very practical and have a very reasoned approach.”

Chambers UK 



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Our Offices

Cardiff
Hodge House
114 - 116 St. Mary Street
Cardiff, CF10 1DY
Tel: 033 0058 5077
Fax: 029 2038 8222


London
99 Gresham Street
London,
EC2V 7NG
Tel: 020 7936 3453
Fax: 020 3053 8562


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