Clowes Development

Bondholder Secures Huge New Development

Bondholder CWC Group’s Fairham Pastures mixed-use development is set to create more than 2,500 jobs and 3,000 new homes.

Rushcliffe Borough Council’s planning committee has approved outline planning for the 606 acre, £750m development by a unanimous vote.

Bondholder CWC Group Land’s planning director, Robert Hepwood, said: “This is the most important development in the East Midlands. It will deliver in excess of 2,500 new jobs as well as up to 3,000 new homes in a sustainable and strategic location just minutes from Nottingham city centre. Connecting by road directly to the M1, East Midlands Airport and the future HS2 station at Toton, it will be an ideal location for people to live, work and play in.

“Our priorities are around delivering a scheme that will enhance the region and locality, as well as being of the very highest quality and sustainability. This approval is a key milestone in bringing our exciting plans to fruition and establishing Nottinghamshire’s premier business and residential district.”

The outline planning consent includes more than £100m of new infrastructure improvements as well as up to 3,000 new homes and up to one million square feet of employment opportunities.

There will also be new local shops, a health centre, community buildings and a new primary school alongside sports pitches, a destination park, children’s play areas and community woodland. A safeguarded route for the NET tram will enable a future extension to be built, says CWC.

CWC Group says the development will be delivered in phases and is likely to take up to 15 years to complete. 
 

Bondholders Secure Goods Yard Investment

Bondholder Derby Cathedral has announced that Friar Gate Goods Yard will be the home of its new secondary school.

Derby Cathedral School, as indicated above, will occupy the western half of the derelict site once the state-of-the-art facilities are built over the next two years, it has been confirmed by the Education and Skills Funding Agency.

The school will occupy nine acres of the 20-acre site, off Great Northern Road.

Revd Canon Dr Stephen Hance, Dean of the Cathedral, said: “We are delighted that we can now announce where the permanent site for the school will be. Friar Gate Goods Yard was our preferred location from the very beginning of the process due to its central location within close proximity to the Cathedral, and its need for development to enhance the infrastructure of the city.”

Set to house 1,200 students, the secondary school will be a purpose-built facility and does not include the Listed bonded warehouse.

Bondholder Clowes Developments, which owns the goods yard site are looking at options to refurbish the building and the remainder of the site. Andrew Bock said “Clowes are committed to the commencing the restoration of the Bonded Warehouse within the next 12 months. We have a number of exciting ideas that we will be exploring with Derby City Council.”

Russell Rigby from Bondholder Rigby & Co, who represented Clowes Developments in negotiations, said, “This is one of the most significant deals completed in Derby in the last 12 months. The introduction of such a high-calibre educational facility will completely transform and re-energise the emerging new Masterplan for the remaining site. Rigby & Co were delighted to have assisted Clowes Developments in opening up what I believe is a jewel in Derby’s regeneration crown.”

Bondholder Flint Bishop were also involved in securing the investment with Christine Owen, Partner, commenting, “Flint Bishop has worked alongside Clowes Developments for many years on various high profile projects and it was a great pleasure that I was involved in delivering such an exciting redevelopment scheme in Derby.”
 

Revenues Double at Clowes

Revenues at Bondholder Clowes Developments have more than doubled in the past year, increasing from £46.5m to £93.1m.

Pre-tax profit has also jumped from £18.2m to £29m.

A spokesperson for the company said: "The impact of the vote by the UK to leave the European Union in June 2016 has had a limited impact on the group to date.

"One small property sale was not completed post Brexit as the purchaser used it as a reason to attempt to reduce the agreed price.

"A number of funds were pulled back from the UK property market in summer 2016 but investor appetite has returned."

BAFTA-Nominated Company Expands into Friar Gate

A 4,500 sq ft office in a historic Grade II listed 19th Century building has been sold to a BAFTA-nominated game developer, in a deal brokered by Bondholders FHP Property Consultants and Rigby & Co

Strawdog Studios has moved to 99 Friar Gate, a building owned by Bondholder Clowes Developments, as part of its plans for expansion. 

Paul Smith from Strawdog Studios said: “99 Friar Gate will be a perfect city centre base for the studio as we continue to execute our plans to grow the team and develop our mobile games publishing business over the next few years.”

Tim Richardson from FHP Property Consultants, added: “We had a lot of interest in the property from people looking to convert it into flats, but always felt that the best result would be to retain the building largely as existing as it will create a fantastic working environment once refurbishment works have been completed.”

A Royal Makeover

Plans by Bondholder Clowes Developments to upgrade the frontage of the shops at Royal Buildings, in Victoria Street have been approved by fellow Bondholder Derby City Council.

The revamp will bring the facades inline with the original look of the building. 

Royal Buildings has been a Grade II-listed property for over 40 years.

The Council has said that the proposed works 'would enhance the character and appearance of these Grade II-listed buildings and the wider setting of the City Centre Conservation area.'

Clowes' Multi-Million Pound Investment

Bondholder Clowes Development is leading the charge on regeneration of Derby's old tram-sheds, with two new bars.

The £2m project would see two new bars created in St James' Yard, and could create up to 70 new jobs in the city. 

The multi-million pound investment will not only include the redevelopment of the high-ceilinged buildings, but would also see the creation of a new pedestrian link to the bars. The scheme will also pave the way for further regeneration of the area, including the construction of possible retail and leisure space. 

Bright future for St James' Yard

Plans have been submitted to Derby City Council for a new 11,000 sq ft leisure destination in Derby’s historic Cathedral Quarter.

Situated close to existing operators such as Turtle Bay, Revolution and Walkabout, St James’ Yard consists of two tram sheds in a state of disrepair which landowner, Clowes Developments, proposes to renovate to provide character buildings for entertainment and retail use. 

The plans are currently being considered by Derby City Council and, if approved, could lead to a second phase of work at the site. This would comprise the removal of the adjacent car park and construction of new build units to provide space for eating and drinking.  A new access point will also be created from The Strand.

The aim of the project is to transform St James’ Yard into a lively “central piazza”.

£1m Cosy Club opens in Derby

A £1m upscale leisure scheme opens this Saturday in Derby. Cosy Club, a brand operated by Loungers plc, will open at the Royal Hotel Buildings owned by Bondholder Clowes Developments.

Marketing Derby started talking to Loungers in 2015 and the deal was closed by Bondholder Salloway Property Consultants.

Due to open to the public this Saturday, the café-bar will be accessed from the Cornmarket before ascending to the first floor.

Nick Collins, Managing Director of Loungers plc, said: "We are very excited to be opening in the old Royal Hotel building, bringing back to life a beautiful space in a landmark building at the centre of Derby. It's been an absolute privilege to develop such a stunning property and we have invested £1m in the refurbishment of the site with its opening creating over 30 new jobs. The Cosy Club will offer casual drinking, dining and lounging throughout the day and evening in its theatrical and eccentric surroundings."

Tom Erskine, Inward Investment Executive at Marketing Derby, said: "It is fantastic to see a growing and well-regarded brand such as Cosy Club arriving in the city. Having recognised the opportunity that exists in Derby, they have taken the decision to breathe life into a vacant, landmark building and will further improve the food and drink offering for the residents, workforce and visitors to Derby city centre."

Following the opening of the Cosy Club Derby, the Carnera Lounge will be opening later in the year in Derby.

We are very excited to be opening in the old Royal Hotel building, bringing back to life a beautiful space in a landmark building at the centre of Derby.
— Nick Collins, Managing Director of Loungers plc

Retail trio arrive

Derby’s Cathedral Quarter continues to go from strength to strength with its newest retail and leisure additions, shoe store Dr Martens, and leisure brand Cosy Club Derby both having opened this spring, whilst Joules has announced it is set to arrive in September.

Moving into its 478 sq ft store at 50 Sadler Gate, Dr Martens will sit alongside an array of national and local retailers including White Stuff, Cruise Clothing, Canopy and Silvarious. The store will create six new jobs and follows the success of recent openings in London's Oxford Street, Cheshire Oaks and Sheffield.

Andrew Bock from Clowes Developments, said: "Clowes have worked hard to secure this letting that will have a positive impact on the rest of Sadler Gate. It's great to see fashion retailers returning to what was Derby's fashion location."

One of the UK’s best-loved lifestyle brands, Joules, is set to join Dr Martens on Sadler Gate in September as the historic core of the city continues its fashion renaissance.

Meanwhile, The Cosy Club is set to open in the former Royal Hotel Buildings. Following extensive renovation works, the café-bar will be accessed from the Cornmarket before ascending to the first floor.

Nick Collins, Managing Director of Loungers plc, owners of the Cosy Club concept, said: “We are very excited to be opening in the old Royal Hotel building, bringing back to life a beautiful space in a landmark building at the centre of Derby. It’s been an absolute privilege to develop such a stunning property and we have invested £1m in the refurbishment of the site with its opening creating over 30 new jobs. The Cosy Club will offer casual drinking, dining and lounging throughout the day and evening in its theatrical and eccentric surroundings.”

Martin Langsdale, Chair of the Cathedral Quarter Board and Management Group, explained: "I would like to welcome both Cosy Club and Dr Martens to the Cathedral Quarter both of whom will add a new dimension to the existing high quality independents, local and national traders. It is extremely encouraging to have businesses of this calibre seeking to establish themselves in the Cathedral Quarter and, if the rumours are correct, there are more in the pipeline which can only help to continue to raise the profile, and increase footfall to the area."

Tom Erskine from Marketing Derby, said: “It is fantastic to see a growing and well-regarded brand such as Cosy Club arriving in the city. Having recognised the opportunity that exists in Derby, they have taken the decision to breathe life into a vacant, landmark building and will further improve the food and drink offering for the residents, workforce and visitors to Derby city centre.”

Revenues soar at Clowes Development

Bondholder Clowes Development has reported a huge increase in revenues by more than £36m with pre-tax profits also increasing to £26.6m from £14.7m.

Turnover for the year came in at £76.6m, up from £40.1m a year earlier. The company's chairman, David Clowes, said growth was down to higher development sales and one large sale of £44.4m during the year.

Now headed by one of the region's most successful entrepreneurs, David Clowes, the company was originally founded in 1964 by Charles W Clowes and now owns industrial, office, retail, residential and mixed-use sites across the UK through its 16 subsidiaries.

The company has also confirmed that turnover and profit are likely to reach similar levels in the year to 31st March 2016 due to the company's pipeline and strategy of acquiring and brining sites forward for development.

 

Dr Martens joins Sadler Gate

Derby's newest addition, shoe store Dr Martens, is set to open next month, where Bondholder FHP acted on behalf of longstanding client and fellow Bondholder, Clowes Development Ltd.

Dr Martens will complement the existing mix of independents, bars, restaurants and national retailers, and being such a worldwide name, it will hopefully bring even more business to the street
— Darran Severn of Bondholder FHP Property Consultants

Moving into its 478 sq ft store at 50 Sadler Gate, Dr Martens will sit alongside an array of national and local retailers including White Stuff, Cruise Clothing, Canopy and Silvarious. The store will create six new jobs and follows the success of recent openings in London's Oxford Street, Cheshire Oaks and Sheffield.

Darran Severn of Bondholder FHP Property Consultants, commented: "Dr Martens will complement the existing mix of independents, bars, restaurants and national retailers, and being such a worldwide name, it will hopefully bring even more business to the street."

Andrew Bock from Bondholder Clowes Developments, said: "Clowes have worked hard to secure this letting that will have a positive impact on the rest of Sadler Gate. It's great to see fashion retailers returning to what was Derby's fashion location."