FRI Investments
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.
Bourne End
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.
Basingstoke
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.
Bedford
These premises in Priory Court are curently vacant.
The property totals around 16,000 sf and comprises two floors of high specification office accommodation.
Portishead
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.
Tewkesbury
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.
Leeds
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.
Chard
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.
Liverpool
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 currently being refurbished.
Liverpool
A smaller 10,000 sf building on the same development, these offices are occupied by DSV and is the UK base for a global business active in 100 countries.
Stalham
Another retail unit operated by TOFS, this extends to 7,500 sf.
Bridgend
Set in a modern office park, this 17,000 sf 2 storey office building is home to Neogen, a high tech company supporting the food industry.
Cardiff
The National Fostering Agency use this 4,400 sf office building as their National Headquarters.
Newmarket
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 and is being converted to a specialist facility for Newmedica, a division of SpecSavers.
Wakefield
This estate comprises 3 individual blocks and totals 19,000 sf of modern office space.
Bristol
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.
Sheffield
Europa Court is a prime business park location. Unit 5 which is of 8200 sf houses the housebuilder Gleeson. Unit 4 provides 10,600 sf and is currently being refurbished.
Caerphilly
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.
Caerphilly
Also on the Caerphilly Business Park, Brecon House is home to Link Financial and provides 22,000 sf of high grade office space.
Peterlee
Redmond House is well located modern flexible office accommodation, and provides a total of 33,826 sf over 2 floors. It is let to Redde Northgate, a leading integrated mobility solutions platform.
Cwmbran
Franklin House has been extensively refurbished to the requirements of Nanopharm, a world leading pharmaceuticals company. It offers 24,344 sf of office and laboratory accommodation.
Swansea
Telelink provides 37,860 sf of mainly ground floor accommodation. It has been remodelled as a document storage and office facility for the NHS.
Cymbran Nuffield
This gym and fitness centre is operated by Nuffield Health. It includes an indoor pool and comprises 28,300 sf arranged over 3 floors.
