In addition to our managed properties, Hastingwood is building an Investment Portfolio. This consists of carefully selected properties with single tenants of good covenant who occupy pursuant to what is termed Full Repairing and Insuring Leases. Hence we refer to the investment portfolio as FRI Estates.
Due to the nature of FRI leases, there is less need for day to day Landlord involvement. Investments can therefore be located more widely. Tenants tend to be more self sufficient but nevertheless there is still scope for added value to be created, for example by way of IT services or planning and design inputs.
FRI Estates includes the following properties which are owned by Hastingwood either as Freeholds or as Long Leases.
This 25,000 sf building arranged over two floors is the UK headquarters of Kawasaki Motors.
Set in an attractive riverside location, the premises are extensively fitted out by the tenant as a mixture of hi tech offices and a showroom.
This modern industrial building is let to a wholly owned subsidiary of Aviva plc.
It comprises 20,000 sf in total, mainly single storey but with a two floor office section. It is one of the main locations for UK car accident repairs carried out by the Aviva group.
These premises in Priory Court are let to a member of the Capita Group.
The property totals around 16,000 sf and comprises two floors of high specification office accommodation.
This well appointed office building extends to 6200 sf on two floors.
It is occupied by Vertase FLI, one of the leading Remediation Contractors & Environmental Consultants in the country.
This warehouse unit is built to a high standard and has generous office content and car parking.
It serves as a logistics centre for a division of Hewlett Packard.
These two buildings provide high specification office accommodation amounting to 15,000 sf.
One is occupied by part of the NHS and the other by Inventry, a high tech company serving the educational sector.
Set in a listed building designed by Brunel, this is an 8,000 sf specialised retail conversion.
It is operated by the national TOFS chain.
This building comprises 26,000 sf arranged over 3 floors. Offering high quality accommodation, it is in the premium Liverpool office location near John Lennon airport and the M6.
It is occupied by Communisis plc.
A smaller 10,000 sf building on the same development, these offices are occupied by Agility Logistics and is the UK base for a global business active in 100 countries.
Set in a modern office park, this 17,000 sf 2 storey office building is home to 3M Healthcare.
The National Fostering Agency use this 4,400 sf office building as their National Headquarters.
This modern office building is 8,365 sf arranged over two floors. It is the head office location of Providor, a leading UK supplier of smart meters.
Bury St Edmunds
Ross House comprises 8,900 sf of well appointed office accommodation arranged over 2 self contained floors. It is home to divisions of St. Gobain and Aston Lark Insurers.
Gordano House is home to Etex which is a key user of the nearby Royal Portbury Docks. The building is of 14,778 sf arranged over two floors with generous parking.
Europa Court is a prime business park location, Units 4 and 5 house an HSBC Bank office and Gleeson in a total of 18,770 sf of high quality accommodation.
Near Cardiff and the M4, Caerphilly Business Park is a modern development which houses many well known businesses. Bryn House is of 19,500 sf arranged over 2 floors and accommodates Credit Safe.
Also on the Caerphilly Business Park, Brecon House is home to Link Financial and provides 22,000 sf of high grade office space.
4 Puma Court is part of the well established Kings Business Park on the outskirts of Liverpool. It is occupied by the NHS and comprises 7,400 sf on two floors.
8 Tiger Court is also on the Kings Business Park and includes 4055 sf of modern office accommodation. It is one of two buildings occupied by the Pure Legal group.