Lead the way by communicating better: By Fiona Duncan-Steer, founder of RSViP Business Networking Agency
Fiona Duncan-Steer, founder of RSViP Business Networking Agency, discusses the importance and the many different forms of communication.
I was recently asked to deliver both a keynote and a workshop around communication for a large organisation and one of the main topics of discussion fell around how we currently communicate with our audiences.
I asked the question: “How do you currently communicate with your audience?” From there a discussion evolved surrounding the various forms of communication used within various sectors and job roles, leading to the differentiation of those said forms of communications and platforms, finalising with what people’s preferences were and why.
Many spoke about email being the main way they communicate, whereby messaging can often be misconstrued or mistranslated compared to being in the room with someone, having a face-to-face conversation, or even by telephone.
This then led to the interesting notion and realisation in some cases that communication isn’t just about the words that we speak, but a whole host of other things such as body language, including mannerisms, handshakes, body positioning, eye contact, facial expression, and hand gestures amongst others. Email also removes the detail that we get from verbal expression, such as linguistics and speech patterns, not to mention story content, and if we really delve in deep, we can look at other forms such as self-comforting gestures, how to spot a liar and the power behind a smile.
Knowing how to read people in this way certainly helps you to be able to diagnose issues that are apparent with perhaps a client or staff member who is struggling but not being honest, or to identify a team member who is facing a challenge or to assist when in negotiations in business.
Being equipped with the tools you need to not only help you to communicate better, but to read other people when they are communicating is a fast track to getting ahead in not only business but in life and could save you a lot of stress and heart ache in the long run in many scenarios.
Now I’m not against communication by email or text, in fact I use it daily and it has its place – it’s quick, convenient, and easy. However, for something like for example, a coaching session, one to one with a staff/team member, or business discussion, I would always advise taking it offline and giving yourself and the other person the opportunity to use communication in all its forms. This could not only save time in the long-run, but also help to prevent any ‘mis-communication’, and you never know, this could lead to a discussion or confession that you least expected, but that in turn helps you to move the situation forward in a positive way.
My two hour interactive workshops cover three key areas of communication including: ‘Communication in all its forms’, as discussed in this article, ‘Language’, which will see us discuss the relevance of understanding both verbal and body language within your career, which will give you the transferable skills to help overcome and manage stressful and challenging situations. The final segment delves into ‘The art of conversation’, and through a simple visualisation tool we will look at how you can become the perfect conversationalist, touching on the relevance of small talk, creative questioning, and more.
Investing time in bettering your communication will result in nothing but positive outcomes for you and those you encounter in life and business, just think how many world problems could have been solved by now with better communication, but it’s not too late – it all starts with ourselves.
Fiona Duncan-Steer, RSViP
www.rsvipnetwork.co.uk www.fionaduncansteer.com
See this article in the November edition of East Midlands Business Link Magazine here.
Construction milestone at new Derby centre for low-carbon research
Initial construction has completed on a new industrial research facility to help manufacturers across the Midlands win work in growing low-carbon markets and develop new sustainable technologies.
Senior figures from the Nuclear Advanced Manufacturing Research Centre (Nuclear AMRC) and partners visited the site at Infinity Park Derby to mark the topping out of the £20 million building.
The new Nuclear AMRC Midlands facility will provide a permanent base in Derby for the University of Sheffield’s Nuclear AMRC, part of the UK’s High Value Manufacturing Catapult, and a new home for the University of Derby’s Institute for Innovation in Sustainable Engineering (IISE).
Andrew Storer, CEO of the Nuclear AMRC, said: “It’s fantastic to see the progress that’s been made on our new facility, especially when the UN climate change conference in Egypt is again highlighting the urgency of reducing emissions from all parts of the global economy. As a nation, we need to build a new generation of low-carbon power plant, and we need to move industry to more sustainable manufacturing and engineering practices.
“The research that will be carried out in this facility will help tackle both of those challenges, and support manufacturers in Derby and beyond to seize the opportunities of the energy transition. I look forward to working with local industry, academic and government partners to deliver sustainable growth in the Midlands for generations to come.”
The pilot Nuclear AMRC Midlands opened in 2019 in the iHub on Infinity Park (now the home of the Nuclear Skills Academy led by Rolls-Royce and the University of Derby).
“Our pilot centre at iHub was a great success, and has helped start the snowball effect of creating a real community for industry and innovation at Infinity Park,” Storer added. “Along with our role in securing the Nuclear Skills Academy on the park, I am really proud of the role the Nuclear AMRC is playing to develop long-lasting support for the supply chain in the Midlands.”
The new 4,300m2 facility will build on its work by expanding the centre’s capabilities in technology areas to help UK manufacturers win work in the nuclear supply chain.
While the Nuclear AMRC’s original facility in South Yorkshire focuses on mechanical manufacturing processes for power plant components, Nuclear AMRC Midlands specialises in emerging technology areas including digital engineering, control and instrumentation systems, and additive manufacturing.
The new building, designed by Stephen George + Partners and built by Stepnell, is based around a large open-plan workshop which will host a flexible range of state-of-the-art manufacturing and research equipment, with ten metre ceilings and 50 tonne cranes to allow work on large fabrications and assemblies.
Nuclear AMRC laboratory facilities will include dedicated space for 3D printing and rapid prototyping, virtual reality and visualisation, and equipment qualification. The building will also include dedicated space for engaging with local schools and colleges, to help encourage young people to consider careers in science and engineering.
The University of Derby’s IISE will occupy around a quarter of the building. IISE specialises in developing sustainable life-cycle design and manufacturing processes for products, serving a range of sectors from transport to healthcare to help reduce their environmental impact. IISE offers collaborative innovation and research using a range of equipment for design, manufacture and testing, supported by specialist expertise to include advanced manufacturing, computational modelling of materials and structures, life cycle management and data science.
Professor Warren Manning, Provost for Innovation and Research at the University of Derby, said: “The development of the Nuclear AMRC Midlands facility at Infinity Park builds on Derby’s longstanding heritage linked to the nuclear industry and cements further its reputation as a city at the cutting edge of industrial innovation.
“We are delighted that the University’s Institute for Innovation in Sustainable Engineering will be co-located with the Nuclear AMRC, offering huge collaboration potential for organisations to work together to develop the skills and capability required to support government objectives linked to net zero and manufacturing growth, and strengthening the wider D2N2 region’s position as a key advanced manufacturing and innovation hub for the UK and beyond.”
As befits a building dedicated to low-carbon technology development, the Nuclear AMRC Midlands has been designed to high standards of environmental sustainability and is targeting a BREAAM rating of Very Good and EPC B rating.
The facility features 590m² of roof-mounted solar panels, generating around 83MWh of low-carbon energy a year – with estimated emissions savings of more than 19 tons of CO2 compared with the average grid supply. The building includes sustainable materials throughout including cladding, insulation and glazing, with site landscaping to increase biodiversity and green cover.
Tom Sewell, regional director at Stepnell, said: “The Nuclear AMRC facility in Derby is a fantastic project that we are proud to be working on. Stepnell is committed to investing in the local community and is on track to deliver over £3m of social return on investment. Key activities have included employing a local supply chain, working with people facing significant barriers to employment through Derby City Council led initiatives, and collaborating with local education providers including Derby College, University of Derby, City of Derby Academy and Landau Forte College.”
Chris Webster, studio director for Stephen George + Partners and lead architect for the project, said: “It was exciting to design a building that had to deliver on both the requirements of Nuclear AMRC and be a statement gateway to the development. We were able to use our extensive experience in the sector to create this quality design, reflecting the high technology aspirations for Infinity Park Derby.”
Infinity Park Derby is a unique collaboration between Derby City Council, The Harpur Crewe Estate, Rolls-Royce, the D2N2 local enterprise partnership, and developers IPD LLP which comprises Wilson Bowden and Peveril Securities.
Nick Richardson, Managing Director of Wilson Bowden, said: “The topping out of the Nuclear AMRC facility is another significant milestone in the delivery of this exciting advanced manufacturing and logistics project and further cements Derby’s unrivalled reputation for world-class manufacturing.
“The Park is already benefiting from a superb location with excellent access to the major routes such as the M1 and A38, this will be further improved with the opening of the proposed new junction off the A50 offering even more direct access to the national motorway network, reinforcing Infinity Park’s position as the premier location for logistics and manufacturing businesses in the region.”
Spanning 100 acres, Infinity Park offers design and build opportunities of up to 50,000m2 for logistics and manufacturing facilities. It is located next to Rolls-Royce and within 20 minutes drive of global manufacturers including Toyota, Alstom and JCB.
With an initial cost of around £20 million, the Nuclear AMRC Midlands building is supported by Derby City Council, and part-funded by £9 million from D2N2.
Councillor Steve Hassall, cabinet member for regeneration, decarbonisation, strategic planning & transport at Derby City Council, said: “It’s great that we’ve been able to visit the site of the new Nuclear AMRC to mark this key milestone. This state-of-the-art facility is a great example of partnership working in action and will offer a huge boost to our local economy and reaffirm our place as a national leader for innovation, manufacturing, and world-class research and development.”
Frank Horsley, head of business & innovation at D2N2, said: “The Nuclear AMRC is a significant opportunity to establish and develop a sustainable net-zero supply chain in our region.”
Nuclear AMRC Midlands will support at least 35 collaborative research and development projects within its first five years, drawing on public and private investment to tackle industry challenges in locally-important sectors such as aerospace, automotive and rail as well as low-carbon energy technologies.
The team will also work with at least 50 smaller companies in the Derbyshire and Nottinghamshire area, to help them develop their capabilities for new market opportunities through supplier development programmes such as the flagship Fit For Nuclear service.
Around 30 researchers, engineers and support staff will work at the new facility when it opens in spring 2023, growing to at least 70 within five years.
Work starts on Ashfield District Council’s largest housing development to date
Work has started on Ashfield District Council’s largest housing development to date on Warwick Close in Kirkby, which will see 34 new affordable family homes being built.
In total 18 two bedroom and 16 three-bedroom family homes will be built, with work scheduled to be completed by the winter of 2023. The homes, that will be let to applicants on the Council’s Housing Register, will include the latest energy efficiency measures.
There are plans to include a three-bedroom house with a ground floor bedroom and bathroom, making it suitable for a family where one of the occupants is a wheelchair user. The Council has often struggled to meet the needs of such households because of the limitations of the existing stock.
Since starting an ambitious affordable house building programme, the Council has completed homes on six brownfield sites and has started work on a further five sites.
Director of Housing & Assets, Paul Parkinson said: “The new development will mark a milestone on the road to providing one hundred new affordable homes in Ashfield, which forms part of the Council’s strategic housing goal.
“The new homes will include the latest green technology that will contribute towards carbon reduction targets and will help ensure the cost of running a home are kept to a minimum.”
Global staffing solutions company to bring more jobs to Leicester
Recruitment firm Venquis, is growing its Leicester office as it plans to grow its workforce to 100-strong, in the city, by March 2023.
The company which supports clients recruiting business change and transformation specialists, is expanding in Leicester as they move to a larger office. Leicester’s digital and business drive fits with Venquis’ vision. The location and the diverse talent added to Leicester’s appeal.
The move also means the company can accommodate more staff with additional room for breakout areas and meeting space. The latest move forms part of their ambitious growth plans.
New Talent Delivery Director Paul Rafferty joined Venquis in September and heads up the Talent Delivery Consultant team, says: ” Venquis is exceptionally well positioned. With fantastic, easily accessible offices, a current core of established staff, and an appetite to embrace technology, this puts our business at the cutting edge. We can provide the highest quality and speed of staffing solutions for our European-wide partners. We look forward to training people from all walks of life and helping them build a long and established career within our business. Our growth plans will provide countless opportunities for progression and learning.”
New associate director at Armsons Barlow
Derby-based project managers, construction cost consultants and building surveyors Armsons Barlow have appointed Paul Hanson as associate director.
Paul joined Barlow & Associates in 1991 as a trainee quantity surveyor and went on to gain a degree in Quantity Surveying from Nottingham Trent University.
During his time with the firm, Paul has delivered a variety of schemes for a range of clients and worked in a number of different roles including quantity surveyor, employer’s agent, bank monitoring surveyor, project manager and party wall surveyor.
He has also broadened his skills and experience with secondments to contractors in both retail and civil engineering.
In his new role as associate director, Paul will assume several new responsibilities, including managing a small team of surveyors and leading the companies’ services on a portfolio of schemes for one of their key clients.
Commenting on his new role, Paul said: “The merger of Armsons and Barlow & Associates is proving to be an exciting time, and I am enjoying being part of a larger team and sharing experiences.
“The varying roles and mix of clients I have worked on over the past 30 years has helped keep the work fresh and exciting. This, together with great colleagues, is the reason I have been here for this amount of time.
“My promotion within the new structure at Armsons Barlow has opened up a new chapter to enable me to further my career and I look forward to many more years learning and sharing with my new colleagues.”
Josh Toon, director of Armsons Barlow, added: “We’re delighted to appoint Paul as an associate director at Armsons Barlow. This appointment reflects the significant contribution he has made to the firm over the past three decades.
“Over the past 30 years, Paul has gained an unrivalled level of experience, working on a diverse range of major projects for both private and public sector clients and he is set to take on more responsibility in his new role as a senior member of the team.”
Study shows 70% of East Midlands motor trade businesses expect to make employee redundancies by the end of 2022
The cost of living crisis is an unwanted reality that the entire population is facing, and the motor trade industry is no exception in the East Midlands. 27% of motor trade employers in the East Midlands have already let staff go, with a further 43% considering making cuts to their staff before the end of the year.
In Nottingham, 57% of motor trade businesses have or will experience redundancies before the end of the year. Showing a bleak picture for motor trade professionals in the region. There are many factors which could be impacting this, both directly in the form of supply costs increasing to indirectly through the cost of living’s impact on the population. A recent RAC report stated that young people are increasingly putting off car checks and repays due to their own squeezed finances.
In order to establish the facts and learn about the severity of inflation-based challenges affecting the nation, a specialist motor trade insurance provider, ChoiceQuote, commissioned an independent survey of 303 motor trade professionals in the UK. The picture it paints is a pessimistic one.
A huge 63% of the professionals surveyed in the East Midlands said that their business is facing serious or very serious issues linked to inflation.
How is this affecting the industry’s business decisions? Over a third expect their company to struggle (40%), and a sixth (17%) expect trading to remain stagnant. One in six may even close!
27% of motor trade employers have already let staff go as a consequence of rising costs, with 43% planning to lay workers off before the end of this year. Similarly, 67% of motor trade professionals in the East Midlands are expected to have reduced working hours within their business before the start of 2023.
A massive 43% of East Midland motor trade businesses have already increased customer prices this year, and 47% will be looking to increase prices before the year is out. Meaning that 90% will have increased their prices within the year.
Decision makers are making the tough decision as to whether they persevere through these difficult times or switch to a different kind of work due to the strain that the inflation crisis has had on their professional and personal life. Almost 2 in 3 (60%) motor trade professionals feel more stressed due to the impact of inflation on their personal finances (63% in Nottingham alone).
Derek Henry, Managing Director of ChoiceQuote comments: “It’s definitely a worrying outlook. In recent months, rising new and used cars, as well as fuel prices have meant that many businesses and traders have had to rethink their strategy or make some incredibly tough decisions on their future.”
East Midlands manufacturer delivers £1.6m furniture contract in Scotland
Mansfield-based Deanestor, one of the UK’s leading education furniture and fitout specialists, has delivered a £1.6m contract for one of the highest performing secondary schools in Scotland.
Built by McLaughlin & Harvey for East Dunbartonshire Council, the new £40.9m Boclair Academy in Bearsden near Glasgow has created a state-of-the-art learning environment for 1,000 pupils.
This was Deanestor’s fourth project for McLaughlin & Harvey and it follows earlier fitout projects at Hopefield Primary School in Midlothian and two primary schools for Scottish Borders Council.
Deanestor fitted out 228 rooms across the new Boclair campus, which reflects the latest thinking for curriculum delivery.
According to Neil Kemp, Senior Project Manager at McLaughlin & Harvey, “Despite the challenges of Brexit and the covid pandemic, the project and the fit out went very well and we were able to hand the new campus over early. The quality of the furniture manufactured by Deanestor met our expectations and requirements. The finished school looks fantastic, particularly the open plan spaces, and staff and students at the Academy are absolutely delighted with their new facility.”
Charles Riach, Architect at Ryder Architecture, said, “The finished school is outstanding. The design both internally and externally references the quality, textures and colours of the surrounding architecture and landscape. Deanestor has once again delivered the brief and the design for the furniture and fitout, and their team worked well with us at each stage.”
Deanestor provided a wide range of contemporary fitted and loose furniture, soft furnishings, teaching aids, lockers, and equipment for sports, crafts, design and technology, science laboratories, and food technology – from mirrors and ballet barres to a kiln and laboratory fume cupboards.
Its team manufactured bespoke items of furniture, including the solid oak reception desk, storage cabinets, booth seating, benching, lockers, and teaching aids. Specially designed tiered seating in a beech finish was provided by Deanestor which doubles up as informal break-out spaces to encourage social interaction.
Nearly 3,000 items of loose furniture were also supplied as part of Deanestor’s FF&E contract, such as tables and chairs, dining tables, modular soft seating, mobile storage, and over 300 sofas.
The interior design strategy reflects the school’s corporate identity and uses two shades of blue to help unify different spaces across the campus. Natural colours and tones feature extensively to complement the surrounding,
Deanestor manufactures and installs robust and flexible loose and fixed furniture solutions for early years, primary, SEN, and secondary education, fitting out areas such as classrooms, science laboratories, ICT, design and technology, atria, social dining spaces, break-out areas, sports facilities and changing rooms. Its experienced designers and project managers work with architects, contractors and directly with schools and local authorities, advising on specification of furniture and equipment to help deliver inspirational learning environments.
Innovative Lincolnshire climate business vying for top national award
Up-and-coming climate tech company, Seaweed Culture, is one of the final 100 businesses from across Great Britain aiming to take home a top award at the Santander X UK Awards.
The Lincolnshire-based business seeks to tackle climate change by reducing methane emissions in livestock through the use of seaweed and is one of 60 business vying to win the Launch category at the Santander X UK Awards, where the national winner will take home a top prize of £15,000.
Seaweed Culture’s Founder and CEO, Luke Smith, developed his passion for supporting the environment whilst studying at the University of Lincoln, UK, and identified seaweed as a way to help the livestock industry meet net zero targets and create climate conscious products.
Luke, who received advice and funding from the University’s Student Enterprise Services to support his start-up journey, has developed a novel land-based cultivation system to grow a seaweed species not native to the UK.
When incorporating less than 0.2% into their daily diets, this seaweed species can reduced methane emissions from cows by up to 95% with no effects on the quality of meat or milk while also increasing productivity and reducing cost.
Having been selected from a field of 500 applications, Luke is now taking part in a tailored, intensive business training programme ahead of pitching heats at the Oval in London on 28th November where the Awards finalists will be selected.
Six businesses from the Launch category will be chosen to take part in the final the following day at London’s One Marylebone where the judging panel will be headed up by Santander UK CEO Mike Regnier.
Speaking about his progress in the Awards, Luke said: “Being part of the Santander X Cohort has really helped the business refine its approach moving forward. It has been a great opportunity to learn and strengthen our own understanding alongside supporting the business.”
Should Seaweed Culture bring home the award, it would add to the growing list of accolades which both Luke and the business have already secured. The company won both the Environmental/Sustainable Business of the Year and the Andrew Stevenson Award – which recognises businesses with significant global potential – at the Lincolnshire Business Excellence Awards 2022, whilst Luke has previously been recognised as one of Lincolnshire’s 30 Under 30.
Midlands sees fall in permanent placements for first time since February 2021
The latest KPMG and REC, UK Report on Jobs: Midlands survey saw permanent placements decline for the first time since February 2021 and a second consecutive reduction in temporary billings during October. Pay inflation, meanwhile, remained elevated amid reports of both high demand for labour alongside shortages in candidate availability.
The KPMG and REC, UK Report on Jobs: Midlands is compiled by S&P Global from responses to questionnaires sent to around 100 recruitment and employment consultancies in the Midlands.
Renewed decline in permanent placements
The number of permanent placements across the Midlands fell for the first time since February 2021 in October. Moreover, the rate of decline was marked. Recruitment consultancies indicated that the renewed decline in permanent placements stemmed from the weak levels of demand that firms across the UK are currently facing.
The decrease in permanent placements in the Midlands was the second sharpest of the four monitored English regions, behind only London which registered the fastest decline since July 2020. All of the monitored English regions recorded lower levels of permanent placements and three of the four downturns followed increases in the previous month.
Temp billings fall at the fastest rate since June 2020
Temporary billings fell for a second consecutive month at the start of the final quarter. Moreover, the rate of decline accelerated from September and was the quickest since June 2020. Anecdotal evidence suggested that the downturn was linked to the worsening economic landscape in the UK. Other firms mentioned that a shortage of candidates also contributed to the decline.
The fall in temp billings in the Midlands was the fastest of the four monitored regions. Conversely, the South of England registered a marked upturn which underpinned the uptick at the UK level.
Demand for staff across the Midlands continued to increase in October, although rates of expansion remained below the respective historical averages. Permanent vacancies rose at a robust rate but at one which was comfortably below the survey peak recorded in July 2021.
Meanwhile, October data completed two consecutive years whereby demand for temporary staff has increased on a monthly basis. The rate of growth, however, was the slowest since January 2021.
Downturn in permanent staff availability sharpens
Recruiters across the Midlands registered a drop in the supply of permanent staff in October which was the nineteenth in as many months. The reduction was sharp and quicker than in September but remained much softer than seen across much of the past year-and-a-half. Candidates were reportedly reluctant to move positions amid widespread economic and market uncertainty. The Midlands posted the softest fall in permanent candidate numbers of the four monitored English regions whilst the North of England reported the sharpest decline.
Temporary staff availability falls at a softer rate
The availability of candidates for temporary roles in the Midlands fell in October, thereby stretching the current negative sequence to 20 months. Anecdotal evidence suggested that people were currently seeking extra stability and had a preference for permanent positions. Other recruitment consultancies also mentioned that high levels of employment across the UK meant that there was a general lack of candidates. That said, the rate of decline in temporary staff availability was the softest since March 2021. Bucking the wider trend, London registered the first uptick in temp staff availability in a year-and-a-half.
Permanent salary growth eases to 18-month low
October data signalled that salaries for permanent new joiners in the Midlands increased for the twentieth month in a row. Though remaining elevated, the rate of increase was much slower than in September and the softest in a year-and-a-half. The rise in permanent salaries was reportedly reflective of a talent shortage, with firms subsequently forced to increase salaries to entice candidates. On a national level, the increase in permanent starting salaries was led by London, though all four monitored English regions registered marked inflation.
Rate of temp wage inflation the softest since May 2021
Hourly pay rates for temporary staff increased further in October, stretching the current sequence of inflation to just short of two years. Anecdotal evidence suggested that a combination of high demand for staff and a shortage in available labour drove the increase in temp wages. That said, the rate of inflation was the softest since May 2021. The rise in the Midlands was also the weakest of the four monitored English regions. London recorded the steepest increase in temporary pay, followed by the South of England.
Commenting on the latest survey results, Kate Holt, people consulting partner at KPMG UK, said: “The looming recession is clearly impacting the UK jobs market. Candidates’ reluctance to move as a result of the challenging economic landscape has resulted in higher demand for staff across the Midlands but fewer actual placements. Employers are also improving their benefit and development offerings, which has also made a significant impact in the number of available candidates. “The talent war is ongoing in the Midlands and now more than ever, it’s essential that we focus on upskilling the workforce to support and boost economic recovery when it comes. The jobs market will bounce back, particularly if we invest in the skills of the workforce across all sectors of the economy.” Neil Carberry, Chief Executive of the REC, said: “The economic and political uncertainty of September and October has caused employers to become more cautious in their approach to hiring than during the frenzy of earlier in the year. “We’ve witnessed permanent placements decline in the Midlands for the first time since February 2021 and a second consecutive reduction in temporary billings in October. Activity overall, is still well in advance of pre-pandemic levels, however. We will need to watch how this story develops over months to come, but so far this data suggests heightened employer caution, not a retreat from the market. “It remains the case that firms in many sectors are struggling to hire, as hours worked remain below their pre-pandemic level despite record-low unemployment. We’re looking to the Autumn Statement later this month to help with removing the brakes on growth by reforming the apprenticeship levy to build a more effective skills system, improving support to help people move from inactivity to work, and align other policy areas – like work permits – with a growth strategy.”Nottingham retail warehouse sold for £7m
Independent out-of-town agent XPROP, on behalf of Bradda Capital, has completed the sale of Mansfield Retail Park, Nottingham for in excess of £7m.
GPLI acted on behalf of an active private client as they further diversified their portfolio.
Comprising 37,955 sq ft of retail warehouse occupied by Go Outdoors, Carpetright and Topps Tiles this investment offers over 12 years of income security, a large proportion of which is guaranteed by JD Sports Fashion PLC.
The property has a dominant trading position fronting Mansfield Road (A60) in a thriving roadside, retail and commercial area to the North of Nottingham City Centre.
David Griffiths, director, GPLI, says: “We are delighted to have secured this investment on behalf of a private client. In a period of permacrisis, the long term stability and consistency of income offered by this investment demonstrates one of the core advantages of commercial property.
“As our client continues to diversify their portfolio we look forward to securing more opportunities across sector and across the UK.”
David Phillips, Managing Director of Bradda Capital, said: “We are very pleased to have closed the sale of this property bought for income 12 years ago and generated a gross IRR of 17.5%. This is a fantastic result and a testament to the quality of the assets that we target – and the execution capability of our team.”
