Melburg CEO receives further nomination at the annual PROPS awards

Melburg Capital Limited [Melburg] are honoured that Jack Burgess, current Chief Executive and Founder has received a further nomination for Young Property Person of the Year at the 30th annual PROPS awards.

The PROPS are the UK’s longest standing property awards hosted by Variety. Since its inception in 1992, The PROPS, dedicated to the UK’s property industry, has raised over £10.8 million enabling Variety to provide 2,200 custom-built wheelchairs and other essential items to children and young people all around the UK.

The list of recipients of PROPS awards over the years includes some of the industries most celebrated figures Trevor Hemmings, Gerald Ronson CBE, Tony Pidgley CBE, Sir John Beckwith CBE, Sir John Ritblat, Sol Kerzner, David Lockhart, Michael Slade, Sir Stuart Lipton, David Pearl, and Nick Leslau.

Melburg promotes aspiring artists in collaboration with Bristol School of Art

Melburg Capital Ltd [Melburg] – the privately owned real estate investment and development company announces a collaboration with The Bristol School of Art following completion of refurbishment works at the 110,000 sq ft Bristol city centre office building, recently rebranded 360 (  

Bristol School of Art forms part of the SGS College and runs 50 plus courses annually, with over 450 attendees ranging from first year Foundation students to degree courses as well as Part time Adult evening classes and Creativity for Wellbeing community courses.

Melburg engaged with the prominent local stakeholder, running an art competition to promote local aspiring artists and provide the opportunity to contribute towards the regeneration of its landmark office building.

360 Bristol has undergone a wholesale refurbishment focusing on the building’s sustainability credentials and occupier welfare and wellbeing. The repositioned building now includes a full-service gym, direct cycle in office access, a full suite of cycling facilities, yoga studio’s and a designated café and business lounge. A truly unique offering within the city centre. The space remains a key office hub for the NHS with the remaining 45,000 sq ft available to let.

Student artwork depicting Scenes of Bristol will be presented throughout the within the newly created café and business lounge providing the opportunity for the students to showcase their talent.

Kate Gwynne, College Operation Coordinator for Bristol Art School commented; “This has been a great project to be involved in, the students will really enjoy their work being within the public domain, for most of them this will be the first experience of exhibiting their work – hopefully the first of many!”

Jack Burgess, Chief Executive of Melburg commented; “We are thankful to have had the opportunity to work collaboratively with the Bristol School of Art. The volume of entrants and calibre of work was inspiring. The overwhelmingly positive feedback and success of the programme has cemented its inclusion in forthcoming projects around the city.”

Agents Knight Frank & Alder King represent Melburg, for further information relating to available office space please contact;

Andy Smith

0117 917 4537

Simon Price

0117 317 1084

Melburg CEO and Founder shortlisted for Young Property Personality of the Year

Melburg Capital Ltd [Melburg] are pleased to announce that Jack Burgess, current Chief Executive and Founder has been shortlisted for the Young Property Personality of the Year at the Property Awards 2022, hosted by Property Week.

The acknowledgement places Mr Burgess alongside a group of talented professionals and impactful businesses making a positive contribution to the industry.

Former tobacco warehouse in London’s Docklands changes hands for £45m

Melburg Capital sells Warehouse K after securing a letting to the government.

What? Melburg Capital sells Warehouse K in London’s Docklands for £45m to Kajima Properties.

Why? Deal follows letting to the government accounting for half the income.

What next? Kajima hopes property will benefit from the opening of Crossrail.

Kajima has bought a Grade II-listed former tobacco warehouse in London’s Docklands for £45m from Melburg Capital, React News can reveal.

The company, which is a subsidiary of Japanese construction giant Kajima Corportation, is buying Warehouse K as part of a drive to expand it’s London office portfolio.

Located next to the ExCel Centre, Warehouse K comprises 108,479 sq ft of office, leisure and industrial space.

Melburg is thought to have paid around £30m when the building last changed hands in 2018. The company then went on to secure a letting to the Secretary of State for Houseing, Communities and Local Government, which accounts for about half the income. The lease runs until 2034.

After securing the letting, Melburg, which invests across a range of sectors, appointed Allsop to begin marketing the building.

The £45m price paid by Kajima reflects a yield of around 5.65%.

Kajima hopes that Warehouse K will benefit from its close proximity to the Crossrail station at Custom House when the rail line opens later this year. The building is also a short walk from the new City Hall for the Greater London Assembly at The Crystal.

Kajima signaled its intention to expand its presence in the London office market last year when it hired Tim James as investment director from Longmead Capital.

James said: ” Situated in a strategic location with significant regeneration and infrastructure improvements occuring within close proximity, this asset offers strong long term growth prospects whilst also providing secure income off sustainable base rents. As we exit the pandemic, the London office market continues to remain resilient and Kajima is commited to driving investment and growth in this market where we identify value.”

Other London assets in Kajima’s portfolio include 77 Coleman Street in Moorgate, which was redeveloped in 2021, and Orwell House in Fitzrovia, which was acquired from British Land in 2020.

Fineman Ross advised Kajima on the deal. Allsop advised Melburg Capital.

View React News article here

Melburg closes 560,000 sq ft off-market Wakefield double

Following the acquisition of the 350,000 sq ft Sirdar Business Park, Melburg Capital Ltd [Melburg] announce the off-market acquisition of Wakefield 41, a 210,000 sq ft single-let industrial asset located within Wakefield’s premier industrial park.

The deal was agreed with a private family office, Melburg’s ninth acquisition within the last 12 months, taking their total spend to over £850m as the highly discreet privately owned real estate investment and development company continues to increase its logistics’ presence.

The unit is single let to YM Chantry, part of the York Mail Group for a further 13 years and subject to RPI linked rent reviews. The price reflects a net initial yield of approximately 8.50%. The unit is adjacent to junction 41 of the M1 and houses the largest Coca-Cola bottling plant in Europe along with several large-scale occupiers including Morrisons, YPO and Menzies.

Jack Burgess, Chief Executive of Melburg commented; “The asset is located within the most established industrial park in West Yorkshire, where availability remains below 2.8%. The data points are incredibly strong for continued rental growth and supply shortages. We remain committed to selectively deploying capital as our industrial platform, which now exceeds 2 million sq ft, continues its organic growth”

Harris Associates acted on behalf of Melburg. BOS LLP and Freedman + Hilmi LLP provided legal and structuring services.

We thank Property Week for the coverage, click to view news article here

Melburg buys 350,000 sq ft multi-let industrial asset in Yorkshire

Melburg Capital has snapped up a 350,000 sq ft multi-let industrial asset in Wakefield, West Yorkshire, Property Week can reveal.

Sirdar Business Park is a 16.5-acre site which was sold to Melburg by a private Yorkshire-based family office in an off-market deal. Sirdar Group, a knitting and yarn distributor, occupies 198,000 sq ft at the site, accounting for 55% of the estate by floor area. Sirdar has recently expanded its footprint to facilitate the continued growth of its Sirdar and Tilsatec brands and has occupied the site for more than 30 years.

The estate is fully occupied and let at an average rent of £2.45/sq ft. Melburg said it will “undertake a rolling refurbishment programme as well as several estate management initiatives and in so doing drive the rental tone”.

A spokesperson for Melburg added: “We continue to adopt a data-driven approach, selectively deploying equity into geographies and sectors where there is an acute supply-demand imbalance. The asset has a captive tenant base, lies within one mile of Junction 40 of the M1, within a location with a sub-3% vacancy rate, and was acquired at a 25% discount to residual land value.”

View Property Week News Article Here.

Melburg buys shopping centre with planning permission for a £100m scheme

Permission was granted for the development of 420 homes in 2019

Melburg Capital is buying a shopping centre on the outskirts of Bristol with planning permission in place for a £100m residential-led scheme, React News can reveal.

The UK investment manager is understood to have agreed a deal to buy Broadwalk Shopping Centre in Knowle out of receivership for around £9.5m.

Located two miles south east of Bristol city centre, the 5.3-acre site is currently dominated by the shopping centre, which comprises around 218,500 sq ft of retail and leisure space.

However, outline planning consent was secured in 2019 to knock down the multi-storey car park and part of the shopping centre to make way for 420 new flats as well as 124,000 sq ft of commercial space.

Broadwalk Shopping Centre is not the only shopping centre in Bristol that looks set to be converted for residential use. Last year, Sovereign Housing Association bought the Clifton Down Shopping Centre from BlackRock for £27.2m with the intention of drawing up plans to develop new housing.

Broadwalk was part of a portfolio of three shopping centres, which also included Belle Vale Shopping Centre in Liverpool and Port Arcades in Ellesmere Port, that Frogmore acquired for more than £130m in 2006.

Administrators at Moorfields Advisory Group were appointed in 2017 over the portfolio following the settlement of a legal dispute between Frogmore and its lender Nationwide, which had sold the loans secured by the centres to Cerberus as part of the Project Carlisle loan portfolio in 2014.

Melburg Capital is no stranger to the Bristol market. The real estate investment and development company already owns the mixed use asset 15-33 Union Street and office development 360 Bristol.

Knight Frank advised on the sale.

View React News Article Here

Tenant commits to Wigan industrial asset following sale-and-leaseback

Melburg Capital completes 125,000 sq ft lease re-gear with G2S.

Melburg Capital has completed a substantial lease re-gear with fast-growing domestic appliance importer and distributor G2S at Swan Lane Industrial Estate in Wigan.

G2S occupy 125,000 sq ft, representing 40% of the estate by floor area, following a sale-and-leaseback in Q1 2020. Having occupied since 2013, G2S have now committed to occupation of the estate until 2028.

The re-gear follows a period of exceptional trade for G2S, which has increased turnover from £50m to £80m, a record-breaking year. The company benefited from an exclusive Russell Hobbs license for white goods, microwave and floorcare equipment.

Lewis Moore, finance director at G2S, said: “We’re delighted with the successful period of trade having expanded our operations significantly over the last 12 months. It has been a pleasure to work alongside the Melburg team who really understand our corporate objectives and focus on working collaboratively to support our needs. We’re an aspirational business and anticipate growth in a similar trajectory moving forward.”

A spokesperson for Melburg added: “Depth of demand, limited availability, and a constrained development pipeline continue to drive the UK occupational market. It is fantastic to work alongside G2S, an exceptional business capable of adapting their model to thrive in a difficult period for the wider economy.”

View React News Article Here

Melburg makes four new appointments and upscales office for growth

Melburg Capital, the highly discreet privately owned investment specialist, has strengthened its team with a series of new appointments, including the introduction of Greg Meller as Vice President of Investment, Helen Blair as CFO and David Brown as a Senior Advisor.

Greg brings over 11 years of real estate investment experience to the new role, joining from DAO Group, where he was responsible for both investment and asset management activities. Prior to DAO, Greg worked for Springer Nicolas, a well-known boutique investment agency.

As a PWC-qualified chartered accountant, Helen brings a depth of finance experience across accountancy, investment management, private banking and audit. Helen joins Melburg from her previous roles as a private client fund manager at Schroders where she spent 10 years managing a c. £350 million portfolio of assets on behalf of private clients, trusts and charities across all asset classes and most recently as Director of Finance at Succession Capital. Helen will have overall responsibility for finance and oversee all aspects of financial risk and reporting, succeeding former Melburg CFO, David Brown, who will continue to play a supporting role at Melburg as a Senior Advisor.

Adding further support to the businesses’ expansion, Lucy Marvin joins the Melburg team as an Executive Assistant.

Melburg’s investment and development expertise have seen the business grow significantly with £800 million of predominantly off-market transactions over the previous 36 months. The three new appointments follow several off-market Industrial, office and land transactions by Melburg underpinning its appetite to discreetly accelerate its value-add investment activity within the UK market.

Melburg also upgraded and relocated its offices to a much larger space within Mayfair’s Shepherds Market in the last month to facilitate its continued growth.

A spokesperson at Melburg commented; “Each new team member brings expertise and experience that will enable the business to continue its significant outperformance and growth trajectory”.

Helen Blair commented; “Melburg’s ambition and entrepreneurial approach, evidenced by its rapid growth since inception, attracted me to the role. It’s an exciting time to join the business as it enters the next phase of growth, following a standout few years of establishing itself as a key player in the UK real estate investment market.”

Greg Meller commented; “I am thrilled to be joining the Melburg team and looking forward to becoming a key part of such a vibrant and highly respected business. The fantastic track record of making proactive, decisive moves in the market speaks for itself and I hope to bring my experience and energy to further Melburg’s efforts in acquiring more real estate assets in the near future.”

Melburg Acquires 125,000 sq ft Dartford Industrial Asset in Sale & Leaseback Transaction

Melburg Capital Ltd [Melburg] – the privately-owned real estate investment and development company – announces the off-market acquisition of Maxmor House – a 125,000 sq ft carbon-neutral industrial asset located in Dartford, Kent.

The sale & leaseback acquisition, Melburg’s fifth within the last nine months, was agreed with leading electrical wholesaler, Moss Electrical Ltd, who are headquartered at the premises.

The majority of the site is occupied by Moss Electrical, with the remaining 40,000 sq ft undergoing major refurbishment works comprising new offices, dedicated services and full redecoration. Refurbishment works are due to complete in January 2021 with Knight Frank and Watson Day appointed as joint agents.

Melburg has transacted in excess of £750m over a 36-month period, as the highly discreet UK focused platform continues to add to its strategic programme following the recent acquisition and successful leasing of Swan Lane Industrial Estate, Wigan – another sale and leaseback transaction.

A spokesperson for Melburg commented; “The asset lies within close proximity to the Dartford Crossing, a key logistics interchange hosting over 130,000 vehicles per day, offering direct access to the M25 and Central London. The Government announcement to diversify its import channels places further reliance on Folkestone as an arterial route and therefore Dartford as a key fulfilment centre”.