Student accommodation provider secures £58.5m refinance facility for expansion

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Kexgill Group, a provider of student accommodation across the north of England, has secured a £58.5 million refinance facility provided by Aldermore Bank. The transaction will support Kexgill’s growth plans for newly developed student accommodation, including a further 170 new bedrooms in prime city locations near universities. Kexgill’s legal advice was provided by a multi-disciplinary team at Andrew Jackson Solicitors, led by real estate and property partner Kirsty Barsby, who was supported by Ailish Ward and Chenika Kunzmann (real estate and property), together with Matthew Smith, Nicholas Scott, Benn Shiletto and Grace Hanson (corporate / banking). Richard Stott, managing director of Kexgill Group, said: “I am delighted to have had the support of the team at Andrew Jackson throughout this transaction, which was complex in places. Having their expertise and understanding of our needs makes all the difference.” Kirsty Barsby at Andrew Jackson Solicitors added: “It has been a pleasure to work with Richard and the team at Kexgill, which is a long standing client of the firm, and to support them on their latest transaction as the business continues to grow and deliver high quality student accommodation.”

Profits rise at Skipton Business Finance

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Skipton Business Finance (SBF), a provider of flexible working capital solutions for businesses across the UK, has seen a 13 per cent increase in pre-tax profits to £10.8m for 2024. The company, which is part of the Skipton Group, also reported a 19 per cent rise in collective turnover among the businesses it serves from £2.1bn to £2.5bn. Greg Bell, CEO of Skipton Business Finance, said: “2024 was a pivotal year for us, demonstrating our steadfast commitment to supporting businesses across the UK. Achieving a record £2.5 billion in turnover across the businesses we serve and a 13 per cent increase in profitability reinforces our position as a key provider of flexible and accessible funding solutions. “As we look ahead, our strategic, client-centric focus remains on innovation, strengthening our relationships with intermediaries, and ensuring businesses have the financial resources required to drive sustainable growth.” Stuart Haire, Group CEO of Skipton Group, added: “Skipton Business Finance is a core component of the Skipton Group, playing a vital role in our commitment to supporting financial wellbeing and driving business growth across the UK. “Its exceptional performance in 2024, including record lending and increased client satisfaction, underscores the team’s dedication to empowering UK B2B businesses – an essential pillar of the UK economy. “SBF’s commitment to delivering accessible and flexible funding solutions aligns seamlessly with our Group’s broader purpose of enabling businesses and individuals to achieve long-term financial stability. We commend their achievements and look forward to their continued success.”

Carter Towler York celebrates landmark deals

Carter Towler’s York office is celebrating its first year, marked by several major commercial property transactions. Miles Lawrence, Director of Carter Towler’s York office, said: “We’re incredibly proud of what we’ve achieved and the strong client relationships we’ve built. We’re excited to maintain this momentum and continue supporting businesses and investors in York’s property market.” Notable deals concluded in the first three months of 2025 include advising, jointly with Polestar Asset Management, on the leasehold acquisition of East Coast House, Skeldergate, on behalf of serviced office provider Wizu Workspace. The 21,000 sq ft riverside property has been leased for 15 years and will undergo a major re-fit to provide premium serviced office spaces. This deal represents the largest York city centre office letting in recent years. In another milestone Carter Towler has advised on the re-letting of 2 Birch Park. After more than 20 years of occupation by a medical distribution business, the owners of 2 Birch Park have undertaken a substantial overhaul and upgrade of the industrial building to provide a flagship facility for DJ Assembly Limited, the electronic manufacturing businesses. DJ Assembly Limited has taken a new 10-year lease at an initial rent of £180,000 per annum. The owners’ programme of works included a new customer facing entrance as well as fully upgrading all the internal ancillary office space, increasing the Gross Internal Floor area from approximately 1,800 sq m to 2,000 sq m. DJ Assembly have further invested into the internal structure of the building to create their state-of-the-art facility. The office also facilitated the sale of Victoria Vaults public house on Nunnery Lane, York, for £395,000 and advised on the leasehold disposal of 2,398 sq ft at Bridge House, 1A Low Ousegate, to Brightsparks Agency, who signed a 5-year lease at £45,000 per annum. In addition, Carter Towler advised High Baune Limited on disposal of Tribune House, Centurion Park, a 4,520 sq ft office building leased to York NHS Teaching Hospitals until 2030. The property sold for £600,000. At Vangarde Shopping Park, the York office advised Associated British Foods Pension Trustees Limited on the lease of a 3,500 sq ft unit to Hotel Chocolat, which signed a 10-year lease at £80,000 per annum. Other notable lettings include 22 Colliergate, let to Listen To The Art at £29,750 per annum, 29 Market Place, Wetherby, let to St Vincent De Paul at £20,000 per annum, Mill House, York, with 1,935 sq ft let to Azendi at £38,700 per annum, and Moorside, Monks Cross, with part of the first floor let to Animalcare PLC at £48,765 per annum. Since its establishment 12 months ago, the Carter Towler York office has advised on approximately £7.2 million in freehold sales and the generation of around £1.3 million in annual rental income across the retail, office, industrial, and leisure sectors.

Global technology solutions firm agrees deal for Harrogate offices

Global technology solutions provider Arrow Electronics has taken 7,000 sq ft at Central House Harrogate. Property and investment company, CEG, has agreed a 10-year lease on the first-floor workspace at Central House with the company, which is at the forefront of cloud and AI advancements. Grace Lewis, investment manager at CEG, said: “Its fantastic to welcome the Arrow team to the Central House business community. Following the refurbishment of the building, we have created a thriving business destination with innovative, contemporary space designed to encourage collaboration and productivity.” CEG delivered a £4m makeover of Central House providing a reception with break out spaces, café and courtyard. A suite of meeting rooms, cycle facilities and leisure club style changing rooms also benefit the building’s 1,000+ occupants. Central House offers almost 160,000 sq ft of prime workspace. The building is already let to 15 businesses with space available from 2,000 sq ft to 36,000 sq ft. Agents JLL and Carter Jonas market the building on behalf of CEG, and Knight Frank acted for Arrow. Nick Gibby from JLL said: “Central House is one of the most desirable office buildings in Harrogate. The quality of the tenants we attract, such as global firm Arrow, are testament to this. The building’s great location, contemporary space and the plethora of facilities on office means that Central House is well positioned to capitalise on the flight to quality and meet demand from growing or relocating businesses.” Victoria Harris, associate with Knight Frank, added: “We are delighted to have acted on behalf of Arrow Electronics in securing high-quality workspace at Central House. As a global leader in technology solutions, Arrow required a modern, well-connected environment to support its continued growth and innovation. “Central House’s prime location, outstanding amenities, and sustainability credentials made it an ideal choice. This deal highlights the ongoing demand for top-tier office space that fosters collaboration, innovation, and employee well-being.”

UK motor industry urges urgent talks as US imposes 25% tariffs on car imports

UK automotive leaders are calling for immediate trade negotiations following the US government’s decision to impose a 25% tariff on imported vehicles, set to take effect next Wednesday. The move threatens a sector already facing declining sales and rising production costs.

The US is the UK’s second-largest car export market, valued at £7.6 billion. In 2023, over 101,000 UK-built vehicles—mainly premium and luxury models—were shipped to the US, accounting for nearly 17% of total car exports. The tariffs will hit major UK manufacturers, including Jaguar Land Rover, BMW, Toyota, Nissan, and Stellantis.

Jaguar Land Rover, which employs 11,000 people in the UK, relies on the US as its biggest overseas market. BMW’s three UK plants, which focus on Mini production and employ around 8,000 people, could also face significant cost increases. The US remains a key Mini market despite declining sales due to model changes.

The Society of Motor Manufacturers and Traders (SMMT) is pushing for a trade deal to avoid disruption, emphasising the long-standing UK-US automotive relationship. The British Chambers of Commerce has also called for “intensive dialogue” to mitigate the economic impact.

Chancellor Rachel Reeves confirmed that discussions with the US are ongoing, while business leaders warn that the tariffs could increase costs for American consumers and create further supply chain instability.

Drax partners with Power Minerals to build low-carbon cement facility

Drax Power has signed a 20-year joint venture agreement with Power Minerals to develop a facility that will convert pulverised fuel ash (PFA) into Supplementary Cementitious Material (SCM), a key ingredient for lower-carbon cement.

The facility will be built next to Drax Power Station in North Yorkshire, where Power Minerals will be responsible for construction, ownership, and operation. Drax will supply PFA, power, and water while sharing in the profits from SCM sales. No capital investment is required from Drax.

The plant, expected to be operational by the end of 2026, will produce up to 400,000 tonnes of SCM annually at full capacity. Drax anticipates the project will generate approximately £5 million in additional annual EBITDA from 2027 through 2046.

The initiative aligns with the UK’s push for lower-carbon construction materials, leveraging Drax’s existing infrastructure to support sustainability in the cement industry.

Sheffield approves major logistics hub, boosting industrial growth

Sheffield has approved a 271,750 sq ft logistics and industrial development near Junction 34 of the M1, expected to create up to 500 jobs. Developer Rula Developments will demolish an existing factory on Europa Way to make way for modern industrial space within the Advanced Manufacturing Innovation District (AMID).

The site could be developed as a single unit or split to meet market demand, with options for lease, sale, or forward funding. Completion is expected by Q1 2026. CPP and Colliers manage marketing, while The Harris Partnership, Adept Consulting Engineers, and RPP oversee design and planning.

Rula has delivered over 1.4 million sq ft of logistics space across the UK, with additional projects in Doncaster and Fulwood. The Sheffield scheme aims to attract key occupiers and strengthen the region’s role as a logistics and manufacturing hub.

Sky shifts to digital customer service, closing call centres and cutting jobs

Sky is restructuring its customer service operations, shifting from call centres to digital support. As part of the move, the company will close three call centres in Leeds, Sheffield, and Stockport and make additional job cuts at its Dunfermline and Newcastle sites. Around 2,000 roles—roughly 7% of Sky’s workforce—are at risk.

The company invests in digital channels, including live chat and app-based support, while maintaining limited phone support. To improve efficiency, it is also developing a new “centre of excellence” in Livingston.

For businesses, the shift signals a growing reliance on automated customer service, which reduces operational costs but potentially limits direct customer interactions.

Work underway on Bridlington affordable housing project

A new affordable housing project on Springfield Avenue in Bridlington is under construction. East Riding of Yorkshire Council’s development includes 30 new council homes, 24 one-bedroom flats and six two-bedroom flats. The scheme is being supported with a £2.25m grant from Homes England and £1m from the Hull and East Riding devolution settlement, in addition to funding from East Riding of Yorkshire Council’s housing revenue account. The project is due to be completed in May 2026. Sustainable energy technology is being built into the homes, including air-source heat pumps and roof-mounted solar photovoltaics (PV panels), plus car parking spaces with EV charging points. The scheme is being built on behalf of the council by Hull-based contractor Hobson & Porter. Claire Hoskins, the council’s director of asset strategy, said: “This project will play a key role in supporting housing needs in Bridlington, and we’re delighted to work with partners to invest and expand our housing stock.” Joe Booth, business development director from Hobson & Porter, said: “This development will provide much-needed town centre apartments for the local people of Bridlington. “It’s great to see the investment being made by the authority and their funding partners to ensure that Bridlington has a diverse mix of council housing stock across the town. We look forward to seeing this one develop in this prominent location.”

Fabrics business re-shores production at Keighley factory

A fabrics business is re-shoring production at its Keighley factory, following a £94,238 grant from the Keighley Towns Fund. Invent Interior Solutions Ltd, based on Dalton Lane, is a second-generation family-run business manufacturing specialist fabrics for the window blind market. The business, which was established in 2005, currently employs 26 people and focuses on both weaving and digital printing in the vertical, roller and pleated window blind markets. A total investment of £446,000 has enabled them to invest in new machinery to bring production back to the UK, creating three new jobs. Managing Director Joe Roberts said: “We’ve been able to purchase the latest new textile equipment to expand our manufacturing capacity in Keighley. This will allow us to bring back manufacturing which is currently sub-contracted off-shore. “Bradford Council’s Invest in Bradford team have provided business advice and support through the recruitment of our new staff in order to facilitate the future growth of the business.” Bradford Council’s Portfolio Holder for Regeneration, Transport and Planning, Alex Ross-Shaw said: “Keighley has a proud long-standing textile history. As one of the remaining weaving textile facilities in Keighley, the project will be supporting and sustaining this unique and crucial part of West Yorkshire’s manufacturing heritage. “It is so rewarding to bring business back to Keighley like this, creating jobs locally with long-term prospects for ongoing development and training.” Chair of the Keighley Towns Fund Tim Rogers added: “The towns fund’s capital assistance to business growth grants have enabled businesses to grow in so many ways across Keighley. This is a really positive example of how growth has impacted not only the local economy but also brought production back into the UK. We wish the business every continued success.”