Lakeside House, Northampton, sold for £17.7 million

CBRE has sold Lakeside House, Northampton, for £17.7 million to property investment company Topland Group.

The sale follows the appointment of Tim Perkin and Tom Webb, of CBRE, as LPA Receivers of Lakeside House in September 2011. The sale was effected by the Loan and Corporate Recovery team on behalf of the original lender to the asset.

The deal represents a net initial yield of 8.65 per cent.

Lakeside House is a 101,000 sq ft prime office building located on The Lakes, Northampton’s premier business park. It is fully let to the National Grid and attracts an annual rent of more than £1.62 million per annum on a lease with a break option effective July 2022. Continue reading

Advertisements

New president takes over at Birmingham Law Society

Outgoing president Andrew Lancaster with his successor Mary Kaye, who took over as president of Birmingham Law Society at its AGM.

Mary Kaye, a partner at law firm SGH Martineau, has been appointed as the new president of Birmingham Law Society (BLS).

She succeeds Andrew Lancaster of Anthony Collins Solicitors, who stepped down at the Society’s Annual General Meeting on Tuesday 24 April 2012.

Mary is a highly respected family law practitioner. She has led the family law team at SGH Martineau since joining the firm in 2006, specialising in all aspects of family law, with particular expertise in international family law, often involving legal and financial disputes in different jurisdictions. Mary also has extensive experience in representing clients in the Family Proceedings Court, the County Court and High Court and is regularly instructed by the court to act for children. Continue reading

Mills & Reeve advises Virgin Care on £500m NHS contract

A team of lawyers from the Birmingham office of national law firm Mills & Reeve has advised Virgin Care on its multi-million pound contract with NHS Surrey to deliver community services across the county from 2012 to 2017.

The £500million five-year contract covers community health services in South West and North West Surrey, as well as some provided county-wide such as prison healthcare and sexual health services. Continue reading

Birmingham Law Society and Birmingham City University team up in new student venture

(L-R).Front row – Ben Henry, Ann Houghton, Professor Fiona Church, Professor Mary Carswell (Pro Vice Chancellor). Back row – Dean Parnell, Jonathan Cooper, Ian Fox Williams, Ian Hamley, James Clark

Birmingham Law Society has teamed up with Birmingham City University in a new venture that will see law students automatically enrolled as student members of the organisation.

All 290 students from the University’s 2012 intake will become members of Birmingham Law Society – the largest local law society in the country.

It is the first time that any university has provided all of its students with membership of Birmingham Law Society, and reflects the importance that Birmingham City University attaches to its students being connected to the local legal profession. Continue reading

Work officially begins on UK’s first standardised school

(L-R): Peter Owen, Willmott Dixon, Cllr David Wright, Heather Fielding, head teacher at Oakfield Primary School, and Mark Pawsey MP.

Work has started on a new £2.2m primary school in Rugby, Warwickshire.

The first turf has been dug to officially mark the start of construction of Oakfield Primary School’s new building.

The school is the first to be built in the UK using a new standardised system that uses ‘off-the-shelf’ designs to reduce costs and construction time.

Construction firm Willmott Dixon and Scape, a local authority controlled company, launched the system, called Sunesis, last year.

Warwickhshire County Council is the first local authority to commission Willmott Dixon and Scape to build a new school using Sunesis. The new building will be constructed using the Keynes model from the Sunesis standardised range and will replace the school’s exisiting 1950s buildings, which the school has outgrown due to increased demand for places.

The cost savings delivered by Sunesis – up to a third of the cost of a bespoke design – meant that the school could have an entire new building instead of just adding an extension. Continue reading