News
Folkes Properties Strengthens Midlands Industrial Portfolio with Birmingham Acquisition
Folkes Properties has completed the acquisition of Unit 1, Fairview Industrial Estate, Curdworth, Birmingham, further strengthening its growing Midlands industrial portfolio. The property was acquired from LondonMetric Property PLC, with AP Investment acting on behalf of the vendor. The modern, single let industrial unit extends to 31,066 sq ft and benefits from a highly strategic…
Folkes Properties Expands Industrial Portfolio with Acquisition of Vale Park South in Evesham
Folkes Properties has successfully completed the acquisition of Vale Park South, a prime industrial estate located on the sought after Evesham Business Park. The purchase marks Folkes first strategic investment in the Worcestershire commercial property market and strengthens its growing UK industrial portfolio. The newly acquired 1.5-acre site, situated on Conference Way, was purchased for…
Folkes Properties Welcomes Orapi Maintenance UK to Britannia Point
Britannia Point has been successfully let to Orapi Maintenance UK. The 57,421 sq ft unit previously occupied by Amazon, features a 360 ° circulation yard with 15 loading the doors. The state-of-the-art distribution facility, owned and managed by Folkes Properties is based on Britannia Trading Estate in Wednesbury. The property will now serve as Orapi…
Lord Lieutenant Marks Opening of A&B Richardson Engineering’s New £4 Million Facility
A&B Richardson Engineering, one of our engineering companies which specialises in custom die and tool manufacturing, has officially opened its new £4 million facility. The opening ceremony, led by the Lord Lieutenant of the West Midlands and Mayor of Dudley, Hilary Bills, marked a significant achievement for the company and the local community. Since being…
Minister for Defence Procurement and Industry announces the new MaST agreement at Somers Forge
It was great to host the new Minister for Defence Procurement and Industry at Somers Forge, to make an announcement on a new framework for defence suppliers. “As a multi-generational family business, it was an honour to host the MaST framework announcement at our Midlands-based forging and engineering company. Our workforce possesses extensive traditional and…
Folkes Properties Acquires 44,843 sq ft Warehouse
We are thrilled to share the exciting news that Folkes Properties, has successfully completed the acquisition of a prime warehouse in the West Midlands, marking our return to the UK market since the early 2000s. This strategic move is a key initiative to expand our property holdings and strengthen our portfolio within the Black Country.…
Budget & Skidmore Review: What does it mean for real estate investment?
Last month the UK’s Spring Budget unexpectedly unveiled a significant pledge of £20bn to be invested in carbon capture and storage solutions. It is widely expected that this announcement holds the potential to attract substantial investment from the private sector into UK real estate through the net zero transition. The recent Skidmore Review highlights that…
3Arts is making its mark once again!
Just over a year on from the opening of the 3Arts Village Shopping Centre and we have already seen the amazing effect it’s had on the community. With the development serving as a hub for events and activities that are bringing people together to celebrate their shared culture and values. The development of the derelict theatre…
Industrial & Logistics Sector
Following a turbulent 2019 & 2020, it is safe to say that 2021 witnessed a record year for take up of Industrial and Logistics stock in the UK, primarily due to the supply of buildings on the market at its lowest ever. With the Industrial & Logistics sector being vital to the UK economy, the…
3 Arts Village – derelict, heritage landmark converted into modern, new shopping centre in Cape Town, South Africa
Rapfund has not let the pandemic stop them and has redeveloped the once prominent, and iconic 1970’s 3Arts Theatre, which succumbed to urban decay and dereliction in the last two decades, into a modern, convenience shopping centre in the Southern Suburbs of Cape Town, South Africa, namely 3Arts Village. The 7,400m² glass and concrete structure,…
Somers Forge invest £1million in new CNC vertical borer
Somers Forge have been adding to their impressive machine shop by investing over £1million on new CNC Vertical Borer. This investment has been made from their continued success in the marine sector, the investment will further increase their machining capabilities and capacity. As well as customers wanting a more finished product rather than just raw…
Somers Forge launch own GRP coating & new Weld Cladding service
World leading propulsion shaft manufacturer Somers Forge, have further added to their capabilities this year, creating their own Glass Reinforced Coating as well as offering weld cladding. The GRP epoxy coating known as ‘Somplas’ has been in development for 2 years and after stringent test phrases is now in use. Approved by DNV, ABS, Lloyds,…