Bruntwood starts new Business Breakfast scheme

Thu, 03 Jun 2010 11:55:37 GMT

Bruntwood has organised a new 'Breakfast by Bruntwood' morning programme as part of its quarterly breakfast seminars held at the company's most recent investment, the reinvigorated McLaren Tower.

The purpose of these new breakfast business meetings is to provide an appropriate scenario for officials at Bruntwood to discuss issues regarding the company, the projects it is involved in and developing within the region of Birmingham.

Regarding the future of the Midlands Business Breakfast, Chris Oglesby said, "We're exceptionally keen to play an integral part in the city's future and allied to our property plans for the city, these breakfast events are a great way to help integrate the business community further. Bringing a group of likeminded people together to discuss topics key to Birmingham's long-term development will hopefully go some way to achieve this."

The first of the new events proved to be a great success as Birmingham International Airport's chief executive, Paul Kehoe, announced BIA's response to the scrapping of Heathrow's Runway 3, whilst renowned Birmingham architect, Glenn Howells added further insight into the city's major transport issues and possible solutions, such as High Speed Rail 2.

Peter Crowther, Bruntwood's Development Director, chaired the seminar and debate, "A large part of our success within our £1billion property portfolio has been our commitment to service and quality. We see the opportunity to offer informative seminars and debates on matters of interest to the business community we serve as key to this."

Bruntwood purchased Mclaren in 2008 and commenced its development project to refurnish the building which cost close to £7million mark.

About Bruntwood:
Bruntwood is a privately owned commercial property company with over 30 years experience of providing great offices. Bruntwood owns over 90 office buildings and has office space in Liverpool, Leeds office space, Manchester and also has Birmingham office space. Bruntwood provides office space, serviced offices including serviced offices in Birmingham, virtual offices in Birmingham and virtual offices in other cities, from one desk for one month, to entire office buildings for 25 years. Bruntwood also offers retail space and meeting rooms to hire within its buildings. The essential elements of the Bruntwood promise are to provide a wide choice of offices, commercial flexibility, world class customer service and long-term value for money.

Each year Bruntwood donates over 10% of its annual profits to arts, civic and charitable causes and takes every opportunity to involve its customers.

Bruntwood expands its serviced office portfolio in Manchester

Fri, 19 Mar 2010 14:16:08 GMT

Bruntwood, the North of England commercial property company, has announced that it is to open up a new floor of serviced office space at Manchester's Centurion House on Deansgate. This will take its serviced office portfolio to over 1800 desks across Manchester, Liverpool, Leeds and Birmingham.

The new suites will provide additional cost efficient office space for small to medium sized businesses who want to be located on Deansgate, a high profile location right in the heart of the Manchester city centre. Customers in the newly developed space will also benefit from contemporary communal areas, onsite meeting rooms and a dedicated customer service team.

The building on Deansgate is owned and managed by Bruntwood and combines two floors of serviced office space alongside nine floors of conventional office space and ground floor meeting rooms.

Andrew Butterworth, Bruntwood’s Sales Director commented; “Demand for our serviced offices has always been strong. Our fully integrated office buildings where our serviced and conventional office customers work side by side have proven very successful, particularly in the current climate. This is because we can offer customers the ability to take short term serviced office space and then move into longer term conventional offices within the same building.”

The new serviced office suites will be available for occupation from May and the suites will be available to view from April.

Bruntwood currently proactively own and manage 90 properties across the cities of Manchester, Liverpool, Leeds and Birmingham, which are home to over 1,000 companies.

ENDS

About Bruntwood
Bruntwood is a privately owned commercial property company with over 30 years experience of providing great offices. Bruntwood owns over 90 office buildings in Liverpool, Leeds, Manchester and Birmingham. They provide office space, serviced offices, virtual offices, from one desk for one month, to entire office buildings for 25 years. Bruntwood also offers retail space and meeting rooms to hire within its buildings. The essential elements of the Bruntwood promise are to provide a wide choice of offices, commercial flexibility, world class customer service and long-term value for money.

Each year Bruntwood donates over 10% of its annual profits to arts, civic and charitable causes and takes every opportunity to involve its customers.

Bruntwood reports 2009 results

Mon, 15 Mar 2010 11:31:01 GMT

North of England commercial property company Bruntwood has filed its latest set of accounts for the financial year 2009, reporting an increase in turnover of 11.5% to £97m and operating profit of 9.5% to £12.6m.

Chris Oglesby, Bruntwood’s chief executive, said: "Against a very difficult economic backdrop, I am proud of the way our team at Bruntwood have, once again, responded in delivering another very good set of results. Property values may have fallen in response to the investment market but the underlying fundamentals in our business continue to improve, as evidenced by the 9.5% increase in profit before tax up to £12.6m."

Further to a full revaluation of the portfolio by Knight Frank in September 2009, Bruntwood’s fixed assets now stand at £912m. This figure is down seven per cent on last year and is the first time in the company’s 30 year history it has seen a reduction in its property values.

Chris Oglesby said: "Whilst a drop in our property values was not unexpected, our conservative approach to valuations at the top of the market has meant they have held up exceptionally well. Our September year end was at, what we believe, to be the bottom of the market. Since then, there has been a considerable rally in property values and I am confident we will see the value of Bruntwood’s portfolio grow again in our 2010 financial year. That said, more important to us as a business is income, the true value that we are creating via the lettings we achieve. In this respect, the business remains incredibly healthy with rental income being 216% of our interest costs.

"Our performance through the economic downturn, allied to the feedback we get from our customers and business partners, reinforces our belief that we have a great business model and a great team. 2010 is likely to be a year when Bruntwood start to invest again in expansion and we look forward to the year confident and enthusiastic with, as ever, our customers at the heart of everything we do.”

About Bruntwood
Bruntwood is a privately owned commercial property company with more than 30 years experience of providing great offices. Bruntwood owns more than 90 office buildings in Liverpool, Leeds, Manchester and Birmingham. They provide office space, serviced offices, virtual offices, from one desk for one month, to entire office buildings for 25 years. Bruntwood also offers retail space and meeting rooms to hire within its buildings. The essential elements of the Bruntwood promise are to provide a wide choice of offices, commercial flexibility, world class customer service and long-term value for money.

Each year Bruntwood donates at least 10% of its annual profits to arts, civic and charitable causes and takes every opportunity to involve its customers.

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