A rent review for a 20,000 sq ft Newcastle city centre office and the remediation and disposal of a 30-acre site at Jarrow for employment use, are just two of a raft of projects JK Property Consultants will undertake during the course of 2023.
The portfolio of new instructions follows a highly successful 2022 for the Newcastle firm, in which it advised on properties with a total value of £350 million.
Amongst the highlights was the purchase of 10,500 sq ft Allergate House, Belmont Business Park, Durham, on behalf of ambitious business support services provider, Umi and advising, through Arup, Mayor, Ben Houchen and the Tees Valley Combined Authority, in the formulation of masterplans for delivery by the newly formed Development Corporations for both Hartlepool and Middlesbrough, by providing regeneration and property market advice as a sub-consultant to Arup.
JK Property Consultants assists investors, developers and occupiers, applying its local market knowledge with a national perspective, whether for development, acquisitions, lease renewals, reviews and resolving issues through dispute resolution.
Kevan Carrick, co-founder of JK Property Consultants, alongside, Jennifer Welch, said: “We are entering 2023 with great enthusiasm and with the boost of new branding and website.
“New instructions for 2023 will need to address the challenge of uncertainty caused by the decline in the economy, rising interest rates, the return on the investment to meet the government’s carbon net zero objectives, and how the government plans for levelling up with new Development Corporations for Hartlepool and Middlesbrough and the new Devolution Deal for the remainder of the north east region, will impact on values and delivery.”
Instructions for 2023 include advising the owner of a house on the compensation payable for the cessation of a planning consent and a new consent requiring major adaption of a partially constructed house. Acquiring the purchase of a unit of about 5,000 to 20,000 sq ft for the retail of sporting goods and the training for rifle shooting.
Disposal of three acres of employment land for lease. Acting as an expert witness to determine the price of land for a £75 million housing development. The rent review of a 20,000 sq. ft. city centre office. The remediation and disposal of a 30-acre site for employment use and the renovation and reletting of office space in a very important listed building likely to come to the market around Easter 2023.
Kevan Carrick, is a chartered surveyor with over 50 years’ experience in the property sector. He is a mediator, shortlisted the National Mediation Awards as Commercial Mediator of 2020/2021, director at North East Business Innovation Centre, an ambassador for the Open North Foundation and ambassador for North East Initiative on Business Ethics, where has recently retired as co-founder and chair.
Jennifer Welch worked for the Royal Institution of Chartered Surveyors (RICS) in the North East and became director for North and Midlands. She then took on a global role with the RICS and spent time operating in Asia and, latterly, as the director for Sub Saharan Africa, promoting business ethics and international standards.
