Saturday, July 11, 2020

Bright future lies ahead for Goole, predicts property expert

Goole has a very bright future, according to experienced property investor Ashley Whittome, co-founder of Avon Capital Estates.

He has praised PPH Commercial for its key role in creating a thriving business hub in the town. Larsen Trade Park is now at almost 75 per cent occupancy after owners Avon Capital Estates made a partially-speculative £4.5m investment in it, which included a rolling £1.5m three-year redevelopment and refurbishment program to improve its quality and attract growing local businesses.

Mr Whittome believes having access to the docks at Goole and Howden, along with the close proximity to the M62 and major motorway networks and arterial roads, has contributed to the project’s success. “Without doubt, Goole’s main positive is its location because it is ideally placed for a wide variety of trade and manufacturing businesses.

“Businesses are also attracted by the highly-skilled workforce they can access right on their doorstep – because Goole is a very commutable distance from Hull, the East Riding, Selby, Doncaster and their surrounding areas.

“It’s great to see that Siemens and other big names like Croda Chemicals, Howdens, XPO Logistics and Cemex have chosen to make it their home. It’s a strong, quality, affordable location which offers value for money for our customers – judged both on a UK and local basis.

“From our perspective, the arrival of Siemens and Croda next door to our estate and other big names in the immediate area is a further positive and will drive future economic growth and job creation. It also reinforces our belief in the advantages of this location. At the same time, it’s no surprise to us – we chose Goole because we expect it to grow.”

PPH Commercial currently has principal responsibility for marketing the vacant units at Larsen Trade Park and has been successful in attracting high calibre tenants to the initiative.

Although several units are still available, ranging from 5,000sqft to 10,000sqft, the goal is to achieve 100 per cent occupancy in the near future.

Mr Whittome said: “The support, good judgement and ability to work well with our team shown by Ben Medhurst at PPH has been a key reason for our success to date. In particular, his ability to work with my very ‘hands on’ business partner David Saville.

“For our customers to know the owners of the estate – and to know that we are a family business and directly accessible – can be helpful in building the relationships of trust that we aim for.

“Other important members of our team include Michelle Gardner and Sarah Grundy who are responsible for our property management business and Gavin Ritchie and his building surveying team at Gent Visick who were responsible for the redevelopment program.

“Based on the positives I have explained, we took a degree of calculated risk on the project. The estate was in need of significant investment, had a very poor weighted average unexpired lease term, and was soon to experience a significant increase in vacancy. Without confidence in our team, in particular the excellent team of professionals at PPH, our investment would not have achieved the success it has so far – and we would not have proceeded with it in the first place.

“Our strategy was to reposition the estate by improving its quality through significant investment, more proactive management and closer relationships with our customers, the tenants.

“Ben bought into our strategy, supported us all the way through and continues to play a very important role in securing and managing tenants. That’s vital because a project like this is not straight forward.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 lockdown having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.




Latest news

Regeneration proposals to be developed for Goole

East Riding of Yorkshire Council's Cabinet has confirmed support for developing a Town Deal for Goole. Councillors have agreed to press ahead with preparation of...

University Centre completes in Grantham

Work to create a University Centre to deliver higher education and skills training in Grantham is now complete. Degrees, high-level apprenticeships, diplomas and short courses...

IPF ‘very encouraged’ by firm’s improving performance

International Personal Finance (IPF), a Leeds-based consumer credit firm, has reported an uptick in collections in the wake of the coronavirus crisis. Collections reached 88%...

Sheffield’s Heart of the City II moves forward

Sheffield’s ongoing Heart of the City II scheme is moving forward as the city council pledges “exemplary ethical and sustainability standards” whilst also opening...

350 jobs on the line at Arup

Arup, which has offices in Leeds, Sheffield and York, is set to cut 350 jobs. The engineering and design consultancy's redundancies come as a result...

Leeds RICS office to close

The Royal Institute of Chartered Surveyors (RICS) is closing its Leeds office according to reports in Property Week. Other offices set to shut are in...

Related news

Regeneration proposals to be developed for Goole

East Riding of Yorkshire Council's Cabinet has confirmed support for developing a Town Deal for Goole. Councillors have agreed to press ahead with preparation of...

University Centre completes in Grantham

Work to create a University Centre to deliver higher education and skills training in Grantham is now complete. Degrees, high-level apprenticeships, diplomas and short courses...

IPF ‘very encouraged’ by firm’s improving performance

International Personal Finance (IPF), a Leeds-based consumer credit firm, has reported an uptick in collections in the wake of the coronavirus crisis. Collections reached 88%...

Sheffield’s Heart of the City II moves forward

Sheffield’s ongoing Heart of the City II scheme is moving forward as the city council pledges “exemplary ethical and sustainability standards” whilst also opening...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close