SPACE: BUILT TO WORK

Since incorporation, Tungsten Properties has grown from a developer of small industrial units in the east Midlands,

to a national developer with an industrial development pipeline of more than 1.2 million sq ft, spanning from West

Yorkshire to Mid Sussex.

Tungsten Properties has developed more than 100 completed units, totalling 895,000 sq ft, with a gross

development value of £106 million.

Tungsten Park Witney

FOUNDED IN 2005, TUNGSTEN PROPERTIES IS A PRIVATELY-OWNED PROPERTY DEVELOPMENT COMPANY, BASED IN LEICESTERSHIRE

Above all, we work to understand our investors, our communities, our local councils, our architects, our planners, our contractors, our agents and our occupiers.

It’s about collaborating from the start, and that starts with listening and understanding.

WE GOBEYOND

WE CREATE

WE LISTEN

We build buildings and we create spaces that work.

We listen to the market. And because we aren’t corporate, we can respond quickly.We have a little black book of trusted suppliers with whom we have worked for years, meaning that we get the job done.

Ultimately, we deliver. But to get there, we tightly project manage the whole process by communicating, working collaboratively and managing expectations.

Exceeding expectations is what gives us the edge. We are nimble and efficient, and clients tell us that they enjoy working with us.

WE PRIDE OURSELVES ON OUR THREE VALUES

OUR TRACK RECORD

IN THE PIPELINE

895,000 SQ FTCONSTRUCTED/

DELIVERED

113 UNITS BUILT61 ACRES

DEVELOPED£106 MILLION GROSS

DEVELOPMENT VALUE

1,500,000 SQ FT 18 SITES ACROSS 75 ACRES

£180 MILLION GROSSDEVELOPMENT VALUE

WE’VE CREATED SPACES FOR MORE THAN 100 OCCUPIERS

FUNDING PARTNERS

OCCUPIERS

JENNY CLARKE Development Surveyorjennyclarke@tungsten.uk.com

MARK BAILEYContracts Managermarkbailey@tungsten.uk.com

IAN DUNCKLEYDevelopment Directoriandunckley@tungsten.uk.com

JEFF PENMANManaging Directorjdp@tungsten.uk.com

DAVID MOLEAssociate Development Director

davidmole@tungsten.uk.com

ALEX PAGEFinancial Controller

alexpage@tungsten.uk.com

VAL BINNSOffice Manager

valbinns@tungsten.uk.com

JUSTIN MCVEIGH Associate Development Directorjustinmcveigh@tungsten.uk.com

MEET THE

TUNGSTEN TEAM

SUPER G, GLASSHOUGTON

Super G is a speculatively built, high-specification warehouse facility in Glasshougton, West Yorkshire, extending to 261,000 sq ft, situated on a site area of 13.1 acres.

We identified this prime distribution site close to J32 of the M62 having witnessed an under-supply dynamic in this unit size range between Leeds and Manchester.

Working with funding partner Barwood Capital, through its Barwood Property 2017 Fund, and British Airways Pension Trustees, the site was acquired in July 2018 and speculatively developed.

The building was successfully let to the global sportswear brand PUMA in August 2019, three months after practical completion, and thereafter the building was immediately sold to South African industrial REIT, Equites Property Fund, for £30.7m, representing a net initial yield of 4.6%.

LINK 23, HANDCROSS

Tungsten Park Handcross is an industrial warehouse project at the former Wyevale Garden Centre site on London Road, seven miles south of Crawley on the A23 between London and Brighton. The project totals 84,000 sq ft across four units.

Following an initial pre-sale of 44,000 sq ft to Pets Corner for its UK distribution centre, the balance of the scheme was successfully sold to Martin’s Properties, resulting in the en-tire £13m scheme being sold prior to practical completion.

BRACKMILLS TRADE PARK, NORTHAMPTON

We identified an opportunity to provide much-needed amenities to the 15,000 employees working on the wider Brackmills Industrial Estate in Northamptonshire.

We achieved planning consent and pre-lettings to Costa Coffee, Pizza Hut, Greggs, and Subway. The balance of the scheme was let to trade counter operators including Screwfix, Howdens, Topps Tiles and Digraph, achieving record rents for the time.

The entire 65,000 sq ft was forward funded by M&G Real Estate at a purchase price of £10m.

The scheme won the 2017 IAS Award – “Best Multi-Let Industrial Estate”.

SKETCHLEY BROOK, HINCKLEY

We completed a £4.5 million seven unit retail and trade development in Hinckley, Leicestershire in January 2020.

Totalling 18,900 sq ft of retail and trade counter space, the units range from 1,200 sq ft to 5,500 sq ft.

The scheme was 100% pre-let to tenants: Co-op, Johnson Cleaners, Toolstation, Greggs, Salvation Army and Consol Tanning Salon and has created circa 50 jobs.

The project was forward funded by Heart of England Co-operative Society. Following practical completion, Heart of England Co-op, which operates the 4,200 sq ft convenience store within the scheme, has retained the entire development within their investment portfolio.

T: +44 (0)1455 613 700 E: office@tungsten.uk.com

Jeff Penman Managing Director

tungsten.uk.com

“After 15 years of progression and continued reinvestment of profits we have successfully carved out our reputation as a leading and respected developer in the mid-box industrial and warehouse market. We deliver innovative space on time and on budget, that makes business work, supports economic growth by creating jobs, and provides investor return.”

Unit 7, Marina Court Tungsten Park, Hinckley Leicestershire, LE10 3BF