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Thomas Lister Appointed as Appraisers for the £150 Million Black Country Land and Property Investment Fund

Thomas Lister Limited are delighted to announce that they have been appointed by the City of Wolverhampton Council and The Black Country Local Enterprise Partnership as Property Appraisers for a new investment for a new £150 Million investment fund to support both commercial and residential development schemes as well as site remediation projects to address the barriers to development across the sub region.

The fund was launched in November 2017 at the Hawthorns in West Bromwich and has already attracted significant interest from developers and land owners and it is anticipated that a first round of grant approvals will be secured by March 2018.

The appointment is for a term of four years and sits alongside the recent appointment of Thomas Lister to continue their role as Appraisers to the Black Country Local Growth Fund by Walsall Council (as accountable body) and the Black Country Local Enterprise Partnership.

Chris Thomas of Thomas Lister commented “Thomas Lister are delighted with the appointment which builds upon our existing relationships within the Black Country – and will hopefully enable us to work with the LEP and the Local Authority Partnerships to secure the new investment required to bring forward major brownfield opportunities across the Black Country”.

Sale of Durham Incubator Centre Completed

 

Acting on behalf of the Homes and Communities Agency, Thomas Lister has now negotiated the disposal of the freehold of the Modern Incubator Centre at Durham Way, Newton Aycliffe in Durham to Bridges Business Centres Limited.

The centre was developed in 2003 totalling 17,150 sq. ft. and is occupied under 48 separate licence agreements. The site has previously been operated by both Evans Easyspace and Regis on behalf of the HCA.

The sale follows on from the recent disposal of the freehold of a 23,000 sq. ft. industrial estate and also of a 2 acre development site at Carlbury Road on the Aycliffe Business Park negotiated by Thomas Lister on behalf of the HCA.

Chris Thomas of Thomas Lister commented; “we are pleased to have successfully completed the disposal of three separate freehold properties on the Aycliffe Business Park over the past 12 months with only a single site of four acres still available – although this property is now “under offer” and in solicitors hands with a view to completion of the disposal in early 2018”.