Exciting Times Ahead

Following the merger between Bulleys Chartered Surveyors and Martin Bloomer Associates, the company has relocated to accommodate the newly expanded business.
After 23 years at Lincoln Lodge, Tettenhall Road, Wolverhampton, Bulleys has a new home at 43 Bell Place – also in Wolverhampton city centre. The new premises are highly prominent, overlooking Dudley Road. Bulleys now occupies the first floor and all departments can now operate in an open plan arrangement. Bulleys’ partners Noel Muscutt, Rod Spiby and Steve Perriton said: “The company was bursting at its seams in the former premises at Lincoln Lodge, so the move was inevitable. Although sad to leave after so many years, the new premises have been received brilliantly by everyone, clients and staff alike.”
Bulleys has extensive experience within the full range of the industrial and commercial property profession. Its flexible approach enables the firm to assist and advise private property landlords and tenants together with funds and developers on some of the largest developments in the UK.

Some of the most notable and high profiles schemes in the region have been handled by the firm. Amongst others, two transactions at i54 South Staffordshire overlooking Junction 2 of the M54 in Wolverhampton are of particular significance. Acting on behalf of Wolverhampton City Council and Staffordshire County Council, Bulleys negotiated a deal to relocate Moog Aerospace into 208,000 sq ft.
Moog became the first occupier on the park and its headquarters facility acted as a catalyst for the ongoing development. This ultimately culminated in the most exciting deal in Bulleys’ history – and indeed in the region as a whole – when Jaguar Land Rover took 90 acres of land on the park to build 1.1million sq ft for a £500 million state-of-the-art engine manufacturing plant. Bulleys is proud to have been associated with such a transaction, the positive ramifications of which are likely to felt in the region and the UK for years to come.

Bulley’s Noel Muscutt said: “More exciting news is expected to be announced shortly at i54.” Bulleys has also been involved with the world’s first (and still currently only) BREEAM rated ‘outstanding’ industrial development. Developer Gazeley‘s Blue Planet Development in Newcastle-under-Lyme amounting to 384,000 sq ft has been let to digger giant JCB and is another coup for the company.
Another notable deal is the letting of Citadel Logistics Centre in Wolverhampton, where Wiggle, the online sports equipment retailer, has taken the 323,000 sq ft distribution centre building from owner Goodman. Wiggle has relocated its distribution hub from Portsmouth. Bulleys has also diversified in the style of transactions undertaken.
Having secured a deal to open a Premier Inn hotel on Castlegate Business Park, Dudley last year, Bulleys has capitalised in bringing forward a mixed use scheme in conjunction with the Homes & Communities Agency and developer Stoford. Planning permission has just been granted on Castlegate for a scheme to include a Greene King pub/restaurant, a Costa Coffee outlet, and a KFC.
On another site in Wolverhampton, at Junction 2 of the M54, a new Porsche dealership will be opening shortly, where Bulleys negotiated the deal on behalf of Ask Developments.
These deals are a demonstration of the business growth and diversification over recent years. Coupled with this, the recent merger with Martin Bloomer Associates has brought an expanded commercial property management portfolio.

Steve Perriton, partner in charge of management, said: “The new offices have enabled us to put the whole management team together on one floor and improve efficiency. The company is keen to hear from other landlords interested in discussing their property management requirements.”

Bulleys also specialises in professional valuations and landlord and tenant work, business rates advice and appeals, acquisitions, property investment, and all other related commercial property work. The new larger and more prestigious office premises will enable further capacity to accommodate recent growth and room for further expansion. With new development sites such as i54 (23 acres remaining), Pantheon Park (17 acres of industrial development land in Wednesfield), Bullseye (12.5 acres in Wednesbury), Zenith (12 acres in Oldbury), and over 135 acres in Telford, all recently coming onto the market through the company, there promises to be exciting times ahead.