Cooke & Arkwright has been involved with industrial property in South Wales for over 30 years and has worked with and for many private sector clients, agencies such as the Welsh Development Agency and other public sector bodies during that period. Jeremy Symons and his team have many years of experience and excellent knowledge of the industrial and warehouse market from their successful work for public clients as well as a wide range of private sector clients ranging from multinational inward investors to locally based organisations.
Jeremy Symons BSc. MRICS Director
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Tel: (029) 20 346346
Cooke & Arkwright has many years of experience of the sale and letting of industrial and warehouse property in Wales, ranging from prime new industrial property to secondary space in central, waterfront and peripheral locations. Sales of vacant industrial buildings also take place regularly as well as investment sales of let industrial development. Clients include multinationals, national plc’s, regional companies and the public sector. This experience produces results and the dominant agency position which Cooke & Arkwright holds in this market.
Cooke & Arkwright is frequently retained by multinational, national and regional organisations to advise on potential location and property options and then to acquire new properties for them. Recent examples include the new 18,000 sq m warehouse for L’Oreal and sites for Panasonic, the Post Office and Coates Viyella along with acquisitions for local companies such as Christie Tyler, Silflex, Taylor & Sons and Fordthorne.
Advice is sought by developers often at a very early stage when a new development is being considered. Advice from Cooke & Arkwright will then continue through to the detailed scheme stage, implementation and development of the scheme, letting and ultimately sale of the investment. The ability and experience to give this rounded approach is an important factor in the success of such developments.
An important aspect of many landlord/tenant relationships is the service charge and its correct administration. Cooke & Arkwright’s management surveyors are frequently called upon to advise on service charge administration within the terms of the lease for either landlord or tenant.
Cooke & Arkwright undertake a large volume of rent reviews for both landlords and tenants for warehouse and industrial property. Cooke & Arkwright staff are well versed in the legal background and recent legal developments as well as having the market intelligence which the scale of the Cooke & Arkwright business provides. Its successful track record in dealing with the rent review of many of the major industrial properties speaks for itself.
With the growing trend towards shorter leases lease renewals are more frequent and demand an all round view to be given, not only on the appropriate rental level, but also on the wider lease terms which ultimately dictate that rent. Changes in court procedure mean that lease renewal progress needs to be carefully monitored and momentum maintained. The possible use of procedures such as PACT (Professional Arbitration on Court Terms) may need to be considered.