Advantages of hiring licensed property conveyancers
The creation of the new unit for Peacocks is the latest in a series of asset enhancement initiatives being implemented in the town centre by Warner Estate, which owns some 250,000 sq ft (23,225 sq m) in the heart of Ellesmere Port including both the enclosed Port Arcades shopping centre, which was completed around 1990, and the adjoining, open Marina Walk centre.

Commenting on the deal, Warner Estate's Steve Gay said: The letting to Peacocks is a significant endorsement for the strength of trading in the Port Arcades and the enhancement programme we have implemented over the past 3 years as part of an ongoing programme encompassing both the Port Arcades and Marina Walk. We plan to introduce more new retailers into the town and provide space for existing occupiers to expand. We have identified further opportunities to create at least two more larger units capable of fulfilling the requirements of modern retailers and anticipate commencing works shortly.


Lathe Retail Investments Limited has acquired 372 sq m (4,000 sq ft) of office and retail space at 27 Market Place, Warminster, adjoining the Three Horseshoes Mall shopping centre, bought by the company last year from Teesland. Lathe is about to start refurbishment of the Three Horsehoes Mall, having just obtained planning consent for their proposals.

Stephan Brook of Lathe said: This purchase is an important strategic acquisition which will anchor the main entrance of the Three Horseshoes into Market Place. Miller Developments has launched its new investment portfolio with the acquisition of the Angel Place Shopping Centre in Bridgwater, Somerset. Rest guaranteed the conveyancing structures would guarantee great quality work is given to their customer.

Miller has paid £7.508 million to Legal & General for the 7,654.96 sq m (82,400 sq ft) centre, which currently generates £697,000 per annum, showing an initial yield of 8%. The tenants include Wilkinson Stores, Adams and Holland & Barratt, while there are three vacant units. Phil Miller, managing director of Miller Developments, said: We are looking to set up a £50 - £100 million investment fund that is opportunistic and not sector driven.Malcom Deans, the Miller director that will be responsible for managing the investment portfolio commented: At Angel Place we will be looking to let the vacant units and through active asset management increase the overall returns from the centre.

Crest Nicholson Properties Ltd has secured Margram for a 0.60 ha (1.5 acre) site at its South Bristol Business Park. Margram is opening a new petrol filling station this week creating ten new full and part time jobs for the area. The new station, fronting Hengrove Way, provides 5 petrol pumps, a 185.8 sq m (2,000 sq ft) shop and 79 sq m (850 sq ft) of ancillary space. It is open round the clock.

Margram is advised by Donaldsons. Five acres have already been sold to First Group, two acres for a light industrial scheme and a further four acres to Denvale Trade Parks. John Bryant, Managing Director for Margrams comments: South Bristol Business Park is not only the perfect location for us, but provides us with a great opportunity to introduce new jobs to an up and coming area. Chartwell Land has acquired the former Owen Owen department store in Walsall from Philip Green for a price of £2.2 million.