Site Profile
Siteowners will have the raw materials – land – but not access to financial resources, professional teams or the experience to bring redundant sites successfully forward for comprehensive development.
Bridge the Gap
Contamination
Many brownfield sites are contaminated giving rise to ongoing liabilities and risk. The levels of which are generally unknown or existing surveys are out of date and superseded by current legislation. Alternatively the existing solution may be prohibitively expensive.
Unlock the potential
Environmental Assessments
Planning
Demolition
Remediation
Marketing
Share the profit
Pre Lets / Pre Sales
Development plots will be drawn down as pre-let/pre-sale Design & Build opportunities are secured.
Fixed Land Price
The Landowner will benefit from the land drawdown payment. A gross land value will be agreed reflecting current open market value. Deductions will be made for remediation, infrastructure and abnormal costs to provide a guaranteed net purchase price.
50:50 Profit
Firstly, the landowner would receive proceeds from the draw down land payment. Then, Bericote would take a priority return on total costs. All additional profit would be split 50:50 between the Landowner and Bericote/occupier. This would generate significant enhanced returns to the Landowner and would ensure exposure to an improved upside as a result of improving yields or land values.
Sample Appraisal
An appraisal reflecting a specific plot drawdown will be agreed with the landowner fixing the drawdown price to be paid up front and the profit share to be paid upon practical completion. Bericote will work on an open book basis, offering complete transparency.
“Bericote delivered a complicated, ever changing project on time to budget; we hope to work with them again.”
– Duncan Tatton-Brown, CFO at Ocado
Rolls Royce Motor Cars
Bericote were invited by Rolls Royce Motor Cars to tender for the site identification, acquisition and procurement of two new fulfilment centres totalling 410,000 sq. ft. on the south coast, close to their Head Quarters in Goodwood, Chichester.
Bericote were selected over 5 other major UK and Global developers as the preferred partner to procure the facility.
Having secured the site and secured the planning consent, the facility was completed in September 2015 and handed over to Rolls Royce already fully fitted with racking, heating and lighting.
Sainsbury’s – Thameside Depot, Charlton
After a competitive tender involving the world’s largest warehouse developers, Bericote were chosen as a preferred partner to redevelop an ageing and inefficient 1960’s warehouse into a modern state of the art facility for Sainsbury’s.
Sainsbury’s had a 99 year lease on the property with only 40 years remaining which contained draconian terms.
Bericote negotiated around the complicated legal issues with the landlord in order to obtain permission for the redevelopment with no extra rental cost and on more agreeable lease terms.
Bericote obtained planning through delegated powers ahead of time, and demolished the old concrete framed building and constructed a 250,000 sq. ft. warehouse, housing frozen, chilled and ambient chambers, which is dedicated to serving Sainsbury’s 200 convenience stores throughout South London.
ASDA
Since 2010, Bericote have been Asda’s exclusive UK developer for their distribution facilities.
Since our partnership began, we have constructed over 3 million sq. ft. across the UK for a range of ASDA facilities from Regional Distribution Centres, to Internet Fulfilment centres and Return & Recycling units.
Asda chose us as their preferred UK warehouse developer for our open book approach; our ability to respond to situations quickly; our company structure allows us to make prompt decisions; our high quality development and procurement expertise and our ability to purchase sites on their behalf.
“A leader in logistics development, Bericote’s team is hugely knowledgeable, attentive and sensitive in their approach, prepare thoroughly and have consistently outperformed for us”
Colin Godfrey, Tritax Big Box Reit Plc..
“Bericote are what you are looking for in a developer – leaders in their field, technically excellent and always deliver.”
Keith Dowley, Director at DTRE
“The disposal of this complicated brownfield site was delivered in a seamless fashion, without delay – the vendor was impressed with Bericote’s performance in securing an unconditional outcome”
Chris North, Director at JLL
