centurion properties

Ownership

In August 2005 Centurion Properties Limited, in a joint venture with the Henderson UK Property Fund, purchased Bretby Business Park. The 33 acre business park comprised of a mix of office and industrial buildings with a total floor area of 320,000 sq ft, of which 30% was vacant on acquisition. The Park also included 7 acres of development land.

A £7 million refurbishment programme has significantly improved the building stock, the common areas and landscaping. This has brought space that was previously in a semi-derelict state back into use and has created an environment that occupiers are proud to work in.

These initiatives have resulted in dramatic results. The vacancy rate has fallen to 7% despite the recent adverse economic climate (March 2014).
A new 40,000 sq ft industrial unit was completed in November 2009, having been pre-let to a new occupier. Centurion continues to consider the options available for the development of a further 6 acres of undeveloped land.

In April 2010, Environmental Scientifics Group relocated their UK headquarters and other regional offices to the business park to take a total 98,000 sq ft on the business park. ESG now employs over x people at Bretby Business Park.

Centurion continues to work with tenants to ensure their on-going demands are met.


About Centurion Properties Limited

Centurion Properties Limited has a track record of delivering strong returns to investors by acting as a co-investor asset and development manager of highly management intensive, commercial property opportunities.

Centurion’s corporate philosophy is to seek out and revitalise underperforming property assets to generate enhanced cash flows and thereby drive asset value by:


•    Identifying the asset’s key drivers
•    Identifying and realising development opportunities
•    Understanding and meeting tenants’ needs
•    Increasing the asset's profile
•    Benchmarking rents
•    Benchmarking costs
•    Regularising record keeping

Centurion’s management team has a proven track record of sourcing such assets and delivering enhanced values. It is keen to find further such opportunities. For further details see Centurion Properties' website.