A specialty of Bolsterstone Group is to procure land, design and develop turnkey buildings, which are then leased to occupiers.

In this instance, Bolsterstone was approached by Lynx Express to source and purchase a site for new ‘Grade A’ Head Office premises of circa 25,000 sq ft, together with an adjacent regional parcel facility of incorporating operational offices and yard areas.

Acting in conjunction with Lynx Express, Bolsterstone purchased a 6 acre site and then procured the design of the operational and head office facilities, subsequently obtaining planning consent from Nuneaton & Bedworth Council for the project.

Prior to submission of the planning application, the Lynx Express had entered into an agreement with Bolsterstone, committing to lease the premises for a period of 15 years, on the usual institutional terms.

Subsequent to planning consent, Bolsterstone co-ordinated the design and tender process, let the contracts, and project managed the scheme through to practical completion, and occupation.

The first phase of the development was occupied in 2000 and subsequently Bolsterstone was requested by Lynx Express to extend the regional parcel distribution facility by a further 20,000 sq ft, in order that new parcel sortation equipment could be installed.

An Agreement to lease the proposed extension was agreed with the client, and Bolsterstone entered into successful negotiations with adjacent landowners to acquire the necessary land. Once this exercise was complete, Bolsterstone procured the design, obtained planning consent and led the contract to construct the extension, overseeing the development through to completion.

As well as funding the extension, Bolsterstone also negotiated the legal agreements required to vary the original occupational lease to allow the marriage of the two Investment leases. The total investment value generated by this project was circa £12million.