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55,000 sq ft Grade A urban logistics development sold to private investor
Developer Chancerygate has sold Boundary43, its 55,000 sq ft urban logistics scheme in Brackley, to a private investor for an undisclosed sum.
Situated on the Buckingham Road Industrial Estate off Boundary Road, the development comprises 14 high specification Grade A units. These range from 2,100 to 19,200 sq ft and are available on a leasehold basis.
Boundary43 benefits from excellent access to Brackley town centre, Silverstone race track and the A43, as well as connections to the M1 and M40 motorways.
All properties at the development achieved an EPC A and BREEAM Very good rating and benefit from electric vehicle charging points.
In addition, the units are constructed from high-performance building materials and 15 per cent roof lights to reduce CO2 emissions and occupational energy costs.
Chancerygate development director, George Dickens, said: “This deal is the culmination of years of hard work and expertise to develop Boundary43 and will help satisfy the strong demand there is for prime urban logistics accommodation in the region.
“The sale is also a testament to our product’s sustainability credentials, flexible sizing and proximity to key infrastructure and transport hubs, all of which are attractive to both investors and occupiers.”
JLL and Brown & Co. advised Chancerygate on the sale of Boundary43 while Chadwick McRae acted for the buyer. The scheme is now available to lease through JLL & Brown & Co. and has been rebranded Boundary Park.
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NoBlue2 acquires BrightBridge
Nottingham’s NoBlue2 has acquired BrightBridge Solutions Ltd “to create one of Europe’s largest and most effective Oracle NetSuite partners.”
The combined business – which now has approximately 130 employees and revenues of over £16m – is committed to business as usual for its 400+ customers throughout and beyond the transition period.
All members of the BrightBridge Oracle NetSuite and Microsoft Dynamics delivery teams will continue to support their 150 existing enterprise customers.
NoBlue2 was created through the recent merger of NoBlue and Elevate2 following a growth investment received from FPE Capital (FPE), the specialist software and services focused lower mid-market growth investor.
The merger, completed in July 2023, brought together two leading UK Oracle NetSuite solution providers and this announcement integrates a third big hitter in the sector; 46 BrightBridge employees will unite their skills and expertise with the NoBlue2 team.
In addition to its role as a top three Oracle NetSuite Partner in EMEA, BrightBridge has significant capabilities in Microsoft Dynamics and Sage systems. While NoBlue2 previously focused on delivering only Oracle NetSuite projects, the addition of the BrightBridge Microsoft Dynamics team will facilitate an expanded offering.
FPE Capital has a successful track record in backing ERP software and services businesses with a focus on market leading vendors and strong, client focused cultures. With FPE’s support, the strengthened NoBlue2 is now planning to invest further into application development and related services, and to further scale the business internationally.
Ian Irwin, CEO of NoBlue2, said: “BrightBridge is a well-regarded organisation and the people joining us will be a credit to the entire NoBlue2 team. I’m delighted to welcome them and their customers – we’re looking forward to working together to help customers to achieve their goals.
“We’re focused on strengthening our relationships further, delivering existing – and new – products and services to customers, and expanding our reach to deliver more innovative solutions to ambitious businesses.”
Co-founder and Sales and Marketing Director of BrightBridge, Ian Robertson, added: “The BrightBridge vision has always been to be a true partner to our customers to ensure the best return on their investment and to look after the people we employ; ultimately, they drive our success.
“Therefore, any acquisition had to be a perfect fit to guarantee customer satisfaction and staff retention for both our NetSuite and Microsoft teams – I’m delighted that we identified FPE’s investment and NoBlue2 as just that.
“By uniting our experience, skills and passion for designing and delivering ERP systems, NoBlue2 will be a remarkable knowledgebase for customers. We aim to use our robust position to cast our net wider and deeper to help more businesses and non-profits across Europe to capitalise on using the very latest in business technologies.
“This is great news for everyone – we can continue to deliver projects to BrightBridge’s high standard and be part of an exciting growth story.”
Dan Walker, partner at FPE, added: “FPE is delighted to have completed this significant acceleration of our investment in NoBlue2 through this acquisition of BrightBridge so soon after our initial investment. “We have used our specialist focus on this sector to identify this rapid pathway to creating the leading European Oracle NetSuite partner. We are ambitious to continue an acquisitive and organic growth strategy in this sector and provide our customers with a range of business applications and services to aid their digital transformation.”Gravity Digital signs up to support DCCT
Duo of Derbyshire businesses to open at Peak Village
Two Derbyshire-based independent businesses are set to open new stores at Peak Village, developing the mix of local retailers at the shopping centre, as the Devonshire Group continues its long-term investment in the site.
Henmores, an Ashbourne-based premium lifestyle and country clothing and footwear retailer, has taken a 2,300 sq ft unit at Peak Village, which will open in October.
The business is part of Young Ideas Group, a Derbyshire portfolio of four retail businesses that was established in 1968.
The fit-out of Henmores’ new location is being led by Sheffield-based company Whitehead Commercial Interiors, who previously worked alongside Chatsworth to create the bespoke interior at Peak Village’s new destination restaurant, Chatsworth Kitchen. Designed to blend heritage artefacts with a modern and fresh feel, the store will feature an integrated catwalk to support Henmores’ calendar of fashion events and showcases.
Local independent business Baxter & Co is set to open its first permanent store at Peak Village this September. Business owner Abigail List currently operates a home and garden shop at Tansley Barn Garden Centre at weekends and bank holidays, and she believes that Peak Village is the ideal location to open a full-time shop.
Abigail has nearly two decades of experience as a creative director at a national interiors and furniture firm, as well as providing support to small businesses, advising and helping with store design and merchandising.
Katayune Jacquin, centre manager at Peak Village, said: “With its outstanding links to the Peak District and local attractions, and exciting calendar of pop-up events and art exhibitions, Peak Village is a true beacon for local independent businesses to flourish and grow their teams, alongside our mix of innovative national brands and leisure offerings.
“We’re proud to welcome Henmores and Baxter & Co, two entrepreneurial businesses driven by creativity and quality, to our community at Peak Village. As the centre continues to evolve, we continue to look for opportunities to engage with other independent businesses looking to take their next step and expand their offering.”
Anne Wright, owner at Young Ideas Group, said: “Peak Village is in a perfect location on the doorstep of the great outdoors, and its links to heritage make it a unique retail proposition for our customers.
“The centre is also home to an exceptional network of independent businesses, retailers and the local community that are focussed on collaborating to elevate one another and boost the Derbyshire economy.
“It’s an exciting time for Peak Village and we look forward to working in partnership with the Devonshire Group to cultivate a fantastic retail, hospitality and lifestyle destination.”
Abigail List, owner at Baxter & Co, said: “Seeing the energy and community that the team has created here at Peak Village, as well as hearing about the ambitious plans for the future, I can’t wait to be a part of it!
“I knew this was the perfect place for my business to grow, and I’m so excited to get the store open and create a space where everyone feels welcome and can be inspired.”