Trio of industrial assets acquired by joint venture

A joint venture between global investment firm Sixth Street and Copley Point Capital, an owner and operator of UK industrial property, has acquired a portfolio of three logistics assets from National Farmers Union Mutual Insurance Society totalling 0.9 million square feet. Two of the assets totalling 0.5 million square feet are leased to Fowler Welch and Great Bear, and are located within Magna Park, Lutterworth, the distribution park located in the Golden Triangle. The third asset is leased to Amazon and located in Doncaster. The acquisition brings the joint venture’s portfolio to six assets across 2.5 million square feet – each acquired since its formation in November 2024. Guillaume Savoie-Coulonval, Managing Director at Copley Point, said: “We are delighted to expand our partnership with Sixth Street and add to our high-quality portfolio. These three distribution warehouses exemplify the type of investments we are targeting across the UK. We remain acquisitive and continue to offer a reliable solution to sellers in the current market environment.” BSBRE advised the seller on the transaction.

Sanderson Weatherall swoops for Humber-based firm of Chartered Surveyors

Sanderson Weatherall has acquired Clark Weightman, a firm of Chartered Surveyors and commercial property consultants based in the Humber region. This strategic acquisition bolsters Sanderson Weatherall’s presence in the Humber, East Yorkshire, and northern Lincolnshire regions, including the key port locations of Hull and Grimsby. It also expands the firm’s service offering to clients across various sectors. Clark Weightman, with over 25 years of experience in the regional property market, brings considerable expertise in areas such as agency, business rates, property management, lease consultancy, valuation, healthcare, dispute resolution and public sector consultancy. The Clark Weightman founders all previously worked for a regional firm prior to establishing the business. David Rastrick, COO at Sanderson Weatherall, said: “We are delighted to welcome Clark Weightman to the Sanderson Weatherall family. This acquisition aligns perfectly with our vision to further solidify our position as a leading SME in the property industry, with a strong local and regional presence. “Sanderson Weatherall, a certified B Corp, has established high standards for environmental and social impact, and a robust approach to governance. This has made the firm an attractive partnership option when you also consider the benefits that come from economies of scale for smaller companies concerned about the increasing financial burden and mandatory requirements, which continue to be introduced and implemented by Government and regulatory bodies.” Andrew Clark, Director at Clark Weightman, added: “We recognise the growth opportunities in our region and are excited to join forces with Sanderson Weatherall, a highly regarded and well-established firm with national reach. “This partnership will allow us to leverage their B Corp status and other accreditations, enabling us to offer our clients a broader range of services and expertise. It will also create exciting new professional development opportunities for our employees. “There will be no change in our personnel with myself, Simon Weightman and Carl Bradley joining as partners and other staff members continuing in their existing roles.” Carl added: “This is an exciting time for me and the Clark Weightman team. We have enjoyed a good working relationship with Sanderson Weatherall over recent years on a number of successful joint agency instructions and look forward to building that relationship in the future now that we have joined forces and become part of their business. “I am sure our clients will share that excitement and will benefit from our expert local market knowledge whilst being part of a larger national consultancy.” Simon said: “This is the result of 12 months of active positive discussions which has resulted in the merger of our two firms. “I’ve known some of the Partners of Sanderson Weatherall for many years, having graduated with Dan Hardy and Andrew Ellis back in 1989. I can’t wait to introduce my current and future clients to our wider range of services that this national consultancy can provide.” Clark Weightman will trade as Clark Weightman, part of Sanderson Weatherall and is Sanderson Weatherall’s eleventh UK office.

Carter Towler strengthens valuations team with experienced surveyor

Leeds-based commercial property specialists Carter Towler has appointed Jeff Robertson, a highly experienced Chartered Surveyor and Registered Valuer, to their Valuations and Lease Advisory team, as a Consultant. With nearly 30 years’ experience, Jeff has built an exemplary reputation across Yorkshire’s commercial property sector, providing Valuation and Lease Advisory services at leading practices such as Lambert Smith Hampton, Dresler Smith, and Bowcliffe. Commenting on the appointment, Carter Towler Director Matt Faulkes said: “We are extremely lucky to have persuaded Jeff to join Carter Towler. “Our valuations team, headed up by Chris Green, is very much looking forward to working with Jeff, not only for his depth of expertise but also to assist with the increasing demand we are experiencing for our valuation services. In the last 12 months we have completed over 300 valuations, with a total asset value exceeding £500 million. “Jeff’s appointment strengthens our offering and will enable us to expand our geographical reach across Yorkshire, the North East, Cumbria, Humberside, Lincolnshire and the Midlands.” Jeff added: “Carter Towler’s Valuations and Lease Advisory team is one of the busiest and most experienced in the region. Its expertise is based on specialist knowledge gleaned from managing exceptional volumes of activity across many sectors, including industrial, commercial, retail, leisure, and healthcare. I am very much looking forward to being part of that.”

Roann invests £300k in Wakefield factory

Roann, a fabricator and installer of high-volume low-silica worktops, has invested £300,000 in its Wakefield factory. This strategic investment will not only enhance production capacity and quality but also support its sustainability goals and continued growth. The investment has funded cutting-edge machinery, including an edge polisher and computer numerical control (CNC) saw, which will improve quality and boost manufacturing efficiency to fulfil increasing demand from clients. In addition, Roann will shortly commence upgrading its water filtration system. The new 800 litre system will help Roann’s 40-strong team improve the environmental impact of its manufacturing operations as it will create a closed water recycling circle, reducing fresh water consumption by an estimated 90 per cent. Further benefits of the new system include reduced dust, less sediment accumulation (eliminating the need for Roann to shut down factory machinery for removal), and decreased wear and tear on the equipment. This latest investment is part of Roann’s long-term growth strategy, increasing its kitchen worktop fabrication capacity from 15,000 to 25,000 units per year. Scott Wharton, Operations and Technical Director at Roann, said: “We’re constantly striving to deliver the best and most sustainable working practices and craft the highest quality worktops. This £300K investment allows us to not only increase our production capacity but also enhance the environmental sustainability of our operations. “By integrating the latest technologies, we’re able to continue to meet our clients’ growing needs while minimising our impact on the planet and reinvest in training our people, and our factory.”

Everything is ‘Rosie’ in law firm’s expanded real estate team

The real estate team at Yorkshire law firm, LCF Law, has appointed a new Associate. Rosie Beverley has worked in real estate law since qualifying as a solicitor 16 years ago. With a deep understanding of the businesses she acts for, Rosie has extensive experience spanning property acquisitions, disposals and refinancing in both the private and public sectors, including acting for a pharmaceutical transport courier and a large Housing Association. Harriet Thornton, who heads the real estate team at LCF Law, said: “Rosie was the ideal candidate for us, approachable and responsive, she ensures every transaction is managed seamlessly from start to finish.” Roise, who is an active Law Society member, said: “I really enjoy building strong relationships with clients and fellow lawyers whilst guiding transactions through smoothly. “In recent years I have advised and assisted clients acquiring and disposing of multi-million-pound property portfolios consisting of freehold and leasehold properties, development sites, as well as acting on behalf of Trustees in bankruptcy cases. “I was excited to join LCF Law as its team of specialist property solicitors are well-known and respected, and they work with an expansive range of commercial and residential property clients.”

SIG plc faces widening losses amid challenging market conditions

0

SIG plc, a key player in the building supplies sector, has reported a widening of its pre-tax losses to £44.8 million for 2024, up from £31.9 million the previous year. The Sheffield-based firm saw a 4% drop in revenues, totaling £2.61 billion. Despite these figures, SIG describes its performance as “robust,” with positive momentum in the year’s second half.

The company attributes its losses to harsh trading conditions, particularly in its French and German markets. However, growth in Ireland and its UK roofing division provided some relief. SIG is focusing on cost-saving measures, including eliminating 430 jobs and closing 17 underperforming sites. These actions are part of its broader strategy to reshape operations, focusing on future profitability as market conditions improve.

SIG’s restructuring efforts are guided by its “GEMS” strategy, which aims to improve sales mix, boost commercial performance, and enhance operational efficiency. The company’s goal is to achieve a 5% medium-term operating margin.

While the company will not issue a dividend for now, SIG has indicated it will consider returning value to shareholders once the financial situation stabilises. The company employs around 6,700 people across its European markets.

Big win for York accountancy firm at the Yorkshire Accountancy Awards 2025

Thomas Coombs, an accountancy firm based in York has been recognised as Independent Firm of the Year at the prestigious Yorkshire Accountancy Awards 2025, solidifying its reputation as a leader in the region’s financial sector.

The firm’s dedication to excellence, innovation, and outstanding client service set it apart from the competition, earning high praise from the judging panel: “Thomas Coombs goes beyond the ordinary, distinguishing itself with forward-thinking approaches and exceptional service.”

The awards ceremony, held at New Dock Hall in Leeds, brought together top professionals from across Yorkshire to celebrate the industry’s finest.

In addition to winning Independent Firm of the Year, Thomas Coombs was also recognised as a finalist in two other highly competitive categories – Audit Service Award and Team of the Year.

This recognition highlights the firm’s strength across multiple areas of accountancy and its dedication to maintaining the highest industry standards.

Thomas Bond, Director at Thomas Coombs expressed pride in the firm’s success, saying: “Winning Independent Firm of the Year is an incredible achievement for our team, especially given the high calibre of the other firms nominated in this category.

“I am immensely proud of what we have accomplished in the past year and delighted that I can play a role in the development of our practice. This award reflects the dedication, expertise, and client-first mindset that drive everything we do at Thomas Coombs.

“I am grateful to the judges for recognising our ability to go beyond the ordinary for our clients across Yorkshire and look forward to continuing to do so as we continue to grow as a practice.

“We would also like to congratulate all the other firms that were finalists or took home an award – it was fantastic to celebrate the evening with best of the best.”

University of Lincoln leads Westminster Skills and Employment Summit on GDF local opportunities

The Vice Chancellor of the University of Lincoln, UK, Professor Neal Juster, on Monday (3 March) led a parliamentary Skills and Employment Summit in the House of Lords exploring the potential opportunities that a Geological Disposal Facility (GDF) could present for Lincolnshire. GDFs are internationally recognised by governments, technical experts, and scientists as the best solution for the safe, permanent disposal of our most hazardous radioactive waste. Nuclear Waste Services (NWS) is currently exploring suitable sites for a GDF, with one of the areas of focus located in East Lindsey, Lincolnshire. The project, which would be one of the largest environmental protection programmes in the UK, has the potential to present the community around NWS’ chosen site with significant opportunities for a local workforce, skills, and education, as well as many other benefits such as improvements to local transport and infrastructure. The summit saw the University, NWS and other organisations discuss how such opportunities could help address some of the adverse socio-economic conditions faced by rural and coastal communities, like those in East Lindsey, with a focus on local job creation and economic growth. The district contains a number of areas of deprivation, where outcomes around health, education, life expectancy, and household income are low. The introduction of a major infrastructure project, such as a GDF, and its resulting supply chain could help provide aspirational opportunities for younger people, improve connectivity, and attract further investment. These themes were at the heart of the summit, which Professor Juster opened with a speech that recognised the need to grow economic activity within Lincolnshire beyond Lincoln and detailed how the University, in aligning with industry and government policy, can foster innovation, develop skills, and drive regional economic growth. The event also highlighted the recently launched independent report by the Midlands Engine Observatory: ‘A Current Socio-economic Profile of East Lindsey and an Economic Impact Assessment of a Geological Disposal Facility in East Lindsey’ . The report provides a comprehensive overview of the socio-economic landscape of East Lindsey, finding that hosting a GDF in the region could provide positive benefits such as increasing employment opportunities, improving productivity, and contributing to economic diversification, growing the local economy by 4.6% by 2050. Professor Juster said: “Rural and coastal communities, including those in Greater Lincolnshire, have major potential to contribute significantly towards the economic growth agenda. However, we know they face barriers that can stop them from doing that. This summit was a chance to discuss how we can unlock that potential through skills, education and innovation, how we can provide opportunities for younger people, and, ultimately, drive growth across the region.” Martin Walkingshaw, Chief Operating Officer, Nuclear Waste Services, added: “With thousands of new jobs, education and training opportunities, the GDF programme has the potential to transform local communities and strengthen the UK’s energy infrastructure. “It would provide significant, long-term opportunities for a local workforce helping to retain younger workers by offering high-skilled careers across a range of sectors, such as construction, engineering and professional services. “Over the 175 year programme a GDF could provide real longevity and sustained economic benefits, acting as a catalyst for investment which would benefit local businesses, the community and local people.” The site selection process is based on finding a willing community and suitable site, with detailed investigations carried out to ensure the chosen location meets the highest safety and security standards. The programme will offer roles across a wide range of sectors, including engineering, scientific research, technical trades, operations, and business functions. Notably, 75% of roles are expected to require qualifications equivalent to A-Level or below, making them accessible to a broad segment of the workforce. Lord Ravensdale who also spoke at the Summit, said: “Lincolnshire and the wider Midlands region has an opportunity to be at the forefront of the UK’s nuclear industry, and by extension the world’s. The Geological Disposal Facility is essential to ensure we can continue to invest in nuclear, supporting jobs and skills, and boosting supply chains across the country. “By bringing together representatives from Lincolnshire and across the country, the Summit will help ensure that the nuclear industry works with Government, business and education to ensure we build capacity and capability to meet this opportunity.” Each community participating in the GDF Siting process is already seeing significant benefits. In recognition of the fact that the main benefits that come from hosting a GDF will not materialise for many years, up to £1million a year is available to communities who are involved in the GDF siting process. Since its formation, the Theddlethorpe GDF Community Partnership has awarded over £2 million to a variety of 24 local community projects, including an employability programme, a befriending service and an initiative supporting people who are homeless. The Government has also committed to providing multi-million-pound Significant Additional Investment (SAI), which will be shaped by a community vision, to the community that hosts a GDF. A vision which encourages a community to consider how a GDF could benefit them over the long-term. This investment could support the development of improved local education, improved transport networks and environmental and recreational facilities. NWS has recently published Areas of Focus in the search to find a suitable site and a willing community to host a Geological Disposal Facility (GDF). The areas are within the three communities currently involved in the process, in Mid Copeland and South Copeland in Cumbria, and in East Lincolnshire.

Skywell strengthens presence in Yorkshire with new dealer partnerships

Skywell UK has appointed Any Colour Car in South Yorkshire and YCC Cars in Lancashire as its latest main dealers, strengthening its presence in northern England.

Any Colour Car, based in Barnsley, operates a used car and commercial vehicle business alongside aftersales services. YCC Cars, a top-rated Lancashire dealership, runs a workshop and MOT test centre with trained EV technicians.

Skywell offers the BE11 model and plans to introduce the Skywell Q, Skyhome saloon, and a large panel van for the UK commercial vehicle market over the next 18 months.

As part of a limited-time offer, retail customers purchasing a new Skywell BE11 will receive a free Hypervolt Home 3 Pro charger with installation and £1,000 in public charging credit via the Octopus Electroverse app.

Enfinium pushes forward with carbon capture pilots in Wales and Yorkshire

Enfinium is expanding its carbon capture efforts with two pilot projects at its North Wales and West Yorkshire waste-to-energy plants. By April 2025, the company plans to relocate an existing carbon capture and storage (CCS) pilot from its Ferrybridge-1 facility in Yorkshire to the Parc Adfer site in Flintshire. This will be the only active carbon capture trial in Wales, potentially capturing up to 235,000 tonnes of CO annually.

Kanadevia Inova will handle the installation at Parc Adfer, while a new CCS pilot will be launched at Ferrybridge. The Ferrybridge project, led by UK-based Nuada, will test a vacuum swing process using metal-organic framework (MOF) technology to improve carbon capture efficiency.

Enfinium is investing £1.7 billion in carbon capture technology across its facilities, aiming for net-zero emissions by 2033. The Parc Adfer pilot is also being considered for funding under the UK Government’s Track-1 HyNet Expansion programme, which supports industrial decarbonisation.

The energy-from-waste (EfW) sector remains controversial, with critics arguing that incineration is not a sustainable solution. However, Enfinium maintains that even with national recycling targets met, the UK will still generate millions of tonnes of non-recyclable waste annually. The Climate Change Committee and the Oxford Institute for Energy Studies estimate that EfW could contribute five to eight million tonnes of carbon removals per year by 2050.