Glenbrook

We are absolutely thrilled to announce that Glenbrook has won Deal of the Year (£50m-£250m) at last night’s Property Week RESI Awards. The award was for our Lumina Village deal in Trafford - securing two major funding agreements totalling £170million. Judges said they were “unanimous” in awarding us the accolade. Congratulations to all of the other winners 🤝 Clarion Housing Group Moorfield Group Property Week Guy Butler #awards #property #investment #propertydeals #resiawards

Our team had a fantastic time meeting with Wood Street Mission last week as they visited our office to share an update on their incredible work. We’re proud to support this vital children’s charity, which helps families on low incomes in Manchester and Salford by providing essential items such as clothing, bedding, toys, and books. Their SmartStart programme also supports children’s education, while Book Roadshows encourage literacy. By raising awareness and providing practical support, Wood Street Mission is making a real difference - one family at a time.

Trafford is in the spotlight this week with the £1bn plans for Manchester United’s new stadium, set to transform the area. We’re already part of the change where, just a stone’s throw from the stadium, we’re making great progress at Lumina Village, where we’ve now reached level 13 on site! It’s an exciting piece of the puzzle in Old Trafford, an area poised for significant transformation in the years ahead… watch this space! Manchester United Stuart McCrone Domis Construction

Glenbrook Investments has completed the acquisition of North and South Buildings on Haydock Industrial Estate from Coral Products, in a £1.7million deal on 20,800 sq ft industrial accommodation. As part of the deal, the two units were leased back to Film & Foil Solutions on unbroken 15-year FRI leases at £155,000 per annum with RPI rent reviews. Our colleague Scott Griffiths, Investment Director at Glenbrook, said: “The rarity of occupiers being able to secure smaller detached industrial units in this location, coupled with it being the perfect base to support the tenant’s growth ambitions, led to the agreement of long-term, index linked lease commitments on each building with parent company guarantee.” Haydock Industrial Estate is an established industrial location with a strategic location on the A580, near the M6 and M62, attracting major occupiers including Amazon, Booker, Costco, Kellogg’s and Sainsbury’s. It is also a location that Glenbrook knows well, having previously completed a transaction with Coral Products when it successfully acquired its headquarters building on North Florida Road in a sale and leaseback transaction in 2021. Read more: https://lnkd.in/eV3kDq-N Scott Griffiths Coral Products PLC

Glenbrook Investments is thrilled to announce the completion of four lettings at Fall Bank Industrial Estate - totalling 38,500 sq. ft. Located in Barnsley, Fall Bank accommodates a range of different occupiers. The four recent deals include renewed lease agreements from existing tenants Filtermech, Sapoflow and GPoint7, together with a new letting to tenant Frank Tucker Ltd, a civil engineering and surfacing contractor. Having acquired the site in September 2022, Glenbrook has undertaken a comprehensive refurbishment programme, enhancing the estate to benefit both existing and future occupiers. The improvements include refurbished elevational treatments, resurfaced staff car parking and yard areas, enhanced security measures, and rebranded estate signage. Positioned just one mile from the M1, Junction 37, Fall Bank provides occupiers with excellent connectivity to South Yorkshire and beyond. Two units remain available to let, a 20,000 sqft unit and a 40,000 sqft unit. Interested in hearing more about them? Just contact our joint letting agents, Ed Norris: ed@cppartners.co.uk and Paul Mack: paul@gvproperty.co.uk for more information. Ed Norris Commercial Property Partners, LLC Paul Mack GV&Co Dan Symonds Scott Griffiths

New Episode Alert! 🎙️ In this episode of the Glenbrook Podcast, Jamie Sutton chats with Matt Smith, the CEO of Allsop Letting and Management. They dive into the origins of Build to Rent, the key ingredients for a successful scheme, and explore the evolution of co-living and single-family housing. You won’t want to miss this one. 🎥 Watch now over on our YouTube channel: https://lnkd.in/eiSc4iWf 🎙️ Available to stream on all major streaming services. Jamie Sutton Matthew Smith Allsop LLP

Glenbrook Investments has completed the sale of Springfields Retail Park, its 75,000 sq ft OOT retail scheme in Newcastle-under-Lyme, achieving a price ahead of asking after competitive bidding.   The property has been acquired by FPG UK, advised by Ian Whittaker of Watling RE. FPG has been expanding its portfolio of prominent, discount-led retail parks across the UK and proved to be an excellent buyer.   Our colleague, Scott Griffiths, said "retail warehouses were a countercyclical investment in 2021 when we acquired Springfields, along with several other retail parks. Over the hold period the whole team has played a part in repositioning Springfields, extending units and regearing leases, delivering a new drive-thru, replacing dated shopfronts and achieving 100% occupancy. Having completed our business plan, we are delighted to hand over to FPG for the next phase of the journey. We look forward to working with our contacts to identify new opportunities to invest in 2025.”   Our thanks to Freddie Guest and Peter Mallinder of Savills and Luke Taylor of Brabners for their support throughout the sale.   Scott Griffiths Freddie Guest Peter Mallinder Savills Luke Taylor Brabners Watling Real Estate Ian Whittaker

We are thrilled to announce our new £152m partnership with Barings Real Estate, to deliver a new build residential community in Leeds. The ambitious project represents the largest-ever residential forward funding transaction in the region, and will deliver 618 high-quality homes - meeting the growing demand for high quality sustainable housing in the region - as well as extensive new public realm, fitness facilities, and coworking areas. Our director Ian Sherry says: “This development not only addresses the urgent need for housing in Leeds but also contributes to the revitalisation of the Kirkstall Road area. We believe that creating high-quality living spaces is essential for fostering thriving communities.” While Ben Pile, Head of European Residential Investment and Asset Management at Barings Real Estate, adds: “Leeds represents a significant opportunity for growth for institutionally developed and operated residential property as the UK’s fourth biggest city, featuring a lively population of young professionals thanks to a strong employment market and significant graduate retention rate. Given the stabilising economic and political environments in the UK and as we enter a new real estate cycle in Europe, we expect the picture for residential property – and indeed our other preferred sector of logistics – to become even more positive and are, therefore, actively seeking further opportunities to deploy capital on behalf of our partners.”   Barings Real Estate CBRE UK Freeths Ian Sherry Guy Butler Daniel Roberts

Great images from Domis Construction of the Lumina Village development in Trafford. These new images show: 🏗️ Block A2 Topping out – The first of four concrete frames is now completed! Kone has also started installing lift doors. 🔨 Block A3 Progress – second fix by Complete Wall Solutions is underway on Level 2, while first fix continues up to Level 5. LDG window frames are advancing smoothly to Level 6. 🚪Block A1 Level 2 – First fix boarding is progressing well. 💡Block A4 Developments – Level 5 is prepared for first fix, with Matic (M&E contractors) wrapping up early works. On Level 4, 1st side boarding is nearly done, setting us up well for the next stages.

Proud to see the Glenbrook sponsored Tondu RFC first team out yesterday. The team beat Clwb Rygbi Crymych - helped by Ciaran Davies of Love Island fame on his return to the club 🎥 Clwb Rygbi Crymych Guy Butler