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Developing across the UK
April 2019
Track Record
BERICOTE
AboutBericote
Bericote is a niche commercial developer,specialising in occupier led developmentand the promotion and development oflarge sites around the UK.
We are currently one of the most active developers inthe industrial property sector, currently on sitebuilding over 1 million sq ft this year.
Bericote has undertaken substantial projects for avariety of blue-chip occupiers including the world’slargest retailer – ASDA Wal-mart, Tesco, Sainsbury’s,Ocado, Rolls Royce Motor Cars and more recently,global automotive supplier Gestamp Automocion.
The Group has no external borrowings and hassignificant cash reserves. It is the Group’s policy to useits own balance sheet to fund the early stages ofdevelopment. Group turnoverfor 2018 was £77.8m.
We are proud and fiercely protective of ourreputation for being a quick, open andreliable developer. Our 100% track recordof always completing on contracts we winspeaks volumes about how we conductbusiness.
Rolls Royce - Bognor Regis
Gestamp - Four Ashes
Ocado - Erith
Developing across the UK BERICOTE
LeadershipTeam
RichardSaintDirector
Richard is the Managing Director ofBericote. Richard’s career began atGazeley Properties in 1986 andcontinued at Kingspark Developmentsand Prologis.
In 2000, Richard left to co found AstralDevelopments with Steven Ferris. Fromthe outset Astral was positioned at theleading edge of the developmentmarket, securing strategic brownfieldsites for redevelopment for blue chipoccupiers such as Next and Whirlpool.Richard was also responsible for a£100m joint venture with Legal andGeneral and development/fundingpartnerships with the MOD, DartfordCouncil, Prudential, and Blackstone.Astral also enjoyed 100% success on ahuge speculative building programmeprior to its sale to Prologis.
Richard continues to build his reputationas one of the key operators andinnovators in the development market.This is reinforced by the launch ofBericote’s pioneering transparent lowmargin business model. Deals with highprofile occupiers such as ASDA*Walmart, Tesco, Sainsburys and RollsRoyce have consolidated this reputation.Joint ventures with Blackrock andRockspring have followed as Bericoteroll out a selective speculativeprogramme. Bericote also own thelargest cleared and consented industrialsite within the M25, at Erith.
Richard is guest columnist for PropertyWeek, recently writing on market ledleasehold reform and the riches diversitycan bring to property. He is also a judgeon the Property Awards panel forindustrial agency.
JonathanMaherDevelopmentDirector
Jonathan Joined the team in March2014 as a Director to head up theLondon and South England markets.
Jonathan was previously a Partner atCushman & Wakefield in the NationalLogistics & Industrial team where hespecialised in advising blue chipoccupiers in providing, andimplementing, clear strategiesacquisitions, disposals, lease advisory,development and financial analysiswithin their industrial warehouseportfolios.
Notably, Jonathan was seconded part-time to Sainsbury’s to advise on theirconsiderable warehouse portfolio wherehe gained a reputation and strongtrack record for delivering a number ofsignificant developments. Jonathan hasa very personable approach to businessand has attained a strong reputation forhis commitment to customer service.
SimonSpencerDevelopmentDirector
Simon joined Bericote in 2011. Simonreunited with Richard Saint and StevenFerris having worked with them at AstralDevelopments and Prologis.
Simon began his career at DTZ where heworked on strategic land disposal formajor corporate occupiers such as GKNplc, BTR plc, Dunlop and IMI plc.
In 2000, Simon moved to Knight Frankto head up the Birmingham agencyteam, where he worked with the mostactive developers of the time, AstralDevelopments and Prologis. Simonjoined Astral in 2005 then moved toPrologis in 2007 when the Astral Groupwas sold to Prologis.
Throughout this time Simon has beenresponsible for master planning andpromotion through planning ofmajor sites and occupier leddevelopment activity.
At Bericote Simon continues to build onhis experience in prelet developmentand land acquisition.
LeePettitCommercialDirector
Lee has worked in the Construction andProperty Development industries forover 25 years. Lee joined GazeleyProperties as a member of their ProjectProcurement Team in the early 1990’s.
Lee worked on large scale distributiondevelopments for blue chip occupiersincluding ASDA, Argos and BritishTelecom and was instrumental in thedevelopment of Magna Park,Lutterworth, Europe’s largest dedicatedwarehouse park.
In 2000, Lee became ConstructionDirector at Gazeley and becameresponsible for the entire UKconstruction activity which doubled toover 2 million sq ft per annum in 2001.Lee joined a private investment group in2004 to create and implement adevelopment strategy for a new 6million sq ft distribution park on theoutskirts of Moscow.
Lee joined Bericote in 2006 and hasquickly established a leading team ofconsultants and contractors. Lee haspositioned the company’s environmentaloffer to deliver new buildings that targetBREEAM Excellent Standard andachieve an ‘A’ rating under the EPCscheme.
Developing across the UK BERICOTE
TrackRecord
Developing across the UK
Crossdox, Erith42 acres
570,000 sq ft
Crossdox, Erith10 acres
for 120,000 sq ft
Littlebrook, Dartford 124 acres for 2 million sq ft
Charlton 250,000 sq ft
Heathrow, Heston 10 acres for 125,000 sq ft
Rochdale 50 acres for 633,000 sq ft
Grangemouth40 acres for 500,000 sq ft
Haydock, St Helens90 acres for 1,400,000 sq ft
Portside, Bristol70 acres for 620,000 sq ft
Alpha Park, SouthamptonSpeculative 150,000 sq ft
Tower Thurrock Speculative 325,000 sq ft
Four Ashes,Wolverhampton70 acres for over 1M sq ft
Pre letting 545,000 sq ft on 25 acres
Omega, Warrington30 acres for 400,000 sq ft
Minworth, Birmingham
15 acres for 250,000 sq ft
Bognor Regis20 acres for 410,000 sq ft
2015 1.3 million sq ft2016 1.5 million sq ft2017 2 million sq ft
500 acres and growing...
BERICOTE
• 124 acre prime strategic site for over 2millionsq ft of distribution development
• Strategic masterplanning and planningapplication under way
• Phase 1 ready for development - September2018
• £25 million demolition and infrastructurephase on site
• Joint venture with TRITAX Big Box
CurrentProjects
Littlebrook, Dartford
Developing across the UK BERICOTE
• 90 acre strategic site for over 1,400,000 sq ft ofdistribution development close to Junction 23of the M6
• Working in partnership with St Helens Council
• Planning consent granted in April 2017
• Key infrastructure and new highways accessworks due to be completed in August 2018
Haydock, St HelensCurrentProjects
Developing across the UK BERICOTE
CurrentProjects
Four Ashes, Wolverhampton
Developing across the UK
• 70 acres with detailed planning consent 1,100,000 sq ft.• 545,000 sq ft pre letting to global automotive components supplier, Gestamp• Speculative - 37,900 sq ft unit ready August 2018
BERICOTE
• Alpha Park is a new industrial and distributiondevelopment scheme on School Lane,Chandlers Ford
• Bericote have speculatively developed 3 unitstotalling 150,000 sq ft
• Junctions 13 and 12 M3 are close by and thesite is situated in an established commercialand distribution location
• The development has been built inpartnership with BlackRock
• Unit 1 prelet to DX Services on behalf of Ikea
CurrentProjects
Alpha Park, Southampton
Developing across the UK BERICOTE
RecentProjects
Ocado - Erith
Your drive, ambition and commitment helped convince us to support you on what was at
times a challenging journey but ultimately a very successful one for all concerned. I am glad
that the confidence I placed in you to deliver was so richly rewarded and I wish you well with
the development phase.
Head of UK Corporate Banking, Santander.
“ “
• 570,000 sq ft chilled home delivery facility for Ocado
• On site April 2015 - Completion April 2016
• Creating 3,500 jobs
• Funded by TRITAX Big Box
PRE LET570,000 sq ft
Developing across the UK BERICOTE
• 410,000 sq ft distribution facility to serve carmanufacturing at HQ in Goodwood
• Phase 1 handed over on 1st September 2015Phase 2 handed over on 1 st February 2016
• 110,000 sq ft extension completed October2017
• Secured project through a competitive tenderwith six other developers
• Funded by TRITAX Big Box
Rolls Royce - Bognor RegisRecentProjects
Developing across the UK BERICOTE
Tower Thurrock - London• Tower Thurrock is a new industrial and distributiondevelopment scheme fronting Oliver Road (A126).
• Junctions 31 and 30 M25 are close by and the siteis situated in an established commercial anddistribution location.
• Occupiers already established on Oliver Road
include CO-OP, Royal Mail and Thurrock TradePark is opposite.
• Bericote have speculatively developed 300,000 sq ft in 3 units.
• The scheme is now fully let to EBB, Amazon andCO-OP.
RecentProjects
Developing across the UK BERICOTE
ASDA/DHL - Birmingham• Working in partnership with ASDA, we acquired 15acres in a prime Birmingham location, where ASDAonly required 8 acres.
• Bericote committed to purchase the whole siteunconditionally to allow the ASDA development toproceed.
• Bericote funded and secured detailed planningconsent prior to exchange of contracts.
• ASDA’s internet fulfilment centre was completed inDecember 2015.
• Bericote retained the remainder of the site andhave speculatively developed and pre let a103,000 sq ft unit to DHL Express Parcel Delivery.
RecentProjects
Developing across the UK BERICOTE
• 410,000 sq ft fully automated distributioncentre on 30 acres
• Worked closely with Warrington BoroughCouncil and HCA to secure planning consent
• £100m project completed in 2015
Recent Projects
ASDA - Omega Warrington
Developing across the UK BERICOTE
ASDA - BristolRecentProjects
Developing across the UK
• 620,000 sq ft chilled distribution and service centre
• Former Solvay Works, Avonmouth, Bristol
• Project Cost: £75 million
• BREEAM Excellent
BERICOTE
• Bericote recently acquired 10 acres in sought afterHeathrow. The high value purchase was exchangedin 4 weeks
• In 2015 we delivered a new 120,000 sq ft Dot Comfacility for ASDA with an end value of £25 million
Recent Projects
Heathrow - London
Developing across the UK BERICOTE
• 633,000 sq ft chilled distribution centre on 44 acres
• Acquired site, secured planning consent and procured build
• £72m project
Recent Projects
ASDA - Rochdale
Developing across the UK BERICOTE
• 250,000 sq ft food distribution centre forSainsbury’s
• Involved the renegotiation of existing longlease terms to enable the redevelopment
• £30m project
Recent Projects
Sainsbury’s - Charlton
Developing across the UK BERICOTE
www.bericoteproperties.com
Bericote Properties Ltd3 Grosvenor Street
London
W1K 4PU
Tel: 020 7409 1544
8 Hamilton Terrace,
Leamington Spa,
Warwickshire
CV32 4LY
Tel: 01926 315 615
i2 Office , Chancery Place
50 Brown Street
Manchester
M2 2JG
Developing across the UK BERICOTE