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Richard Walden

Associate, Capital Markets

07967 831970 richard.walden@bidwells.co.uk

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Equipped with a methodical and analytical approach, Richard strives to secure his clients the best deals possible – often leading to repeat business.

Richard sits within our team of investment specialists who utilise our latest market research to ensure their client’s commercial property portfolios maximise returns through acquisition, development and disposal advice.

Working mainly in the Science and Technology sector, Richard works across East Anglia and the Oxford – Cambridge Arc to package up complex investments on science and business parks across the region.

From offices to laboratories, to industrial and R&D assets - Richard utilises his local market insight to provide clear and sound guidance and representation to investors when negotiating on their behalf and will see the deal through until completion.

Whether you need advice on navigating the investment market, an agent to assist you when strengthening your investment portfolio or someone to provide insight into the latest market trends – Richard will work diligently to provide you with what you need.

Accreditations

Rics

Experience

Capital Markets
Investment Management
Investment, Development Funding and JV

Capital Markets

Your proactive partner – guiding each strategic move

Investment Management

Optimising investment strategies for more than 150 years

Investment, Development Funding and JV

Uncover high-value opportunities in the UK's most exciting and competitive markets.

Project

Oxford Technology Park, Langford Lane, Kidlington, Oxford, OX5 1RY

Life Science REIT has completed the acquisition of OTP, a 20 acre science and technology park.

Project

Horizon Technology Park, Eynsham, Oxford

Investment sale of the Horizon Technology Park home to companies such as SS Tube Technology and Lentus Composites specialising in carbon fibre, as well as Siemens.

Project

Units 1-5 The Triangle, Stirling Way, Papworth Business Park, Cambridge

The property comprised a terrace of 6,742 sq ft capable of being subdivided into 5 units but let as a whole to DHL International (UK) Ltd for a term of 5 years with a tenant break at year 3. The passing rent was £76,000 per annum reflecting £11.27 psf.

DHL Papworth Business Park - Units 1-5 Stirling Way Papworth Everard Cambridge - FINAL

Project

Wilford Lane

Unconditional sale of 4.56 acre development site with outline planning consent for 267 C3 residential dwellings as part of a larger 8.2 acre mixed used masterplan.

Project

37 Hills Road, Cambridge

Acting on behalf of Elwood Fund Management, Bidwells have acquired 37 Hills Road, Cambridge, a rare self-contained freehold city centre office investment let to a highly successful Cambridge technology foundation.

Project

Shakespeare House, Cambridge

Shakespeare House is a four-storey office building comprising 15,850 sq ft. The property was sold with a leaseback in place to Hewitsons LLP for a term of five years, with a tenant only rolling break option actionable from 18 months into the term, subject to six months' notice. The passing rent was £451,725 per annum reflecting £28.50 per sq ft.

Project

Bluewater Estate, Plymouth

The property comprised a multi let secondary industrial estate let to seven different tenants across 12 different units comprising 145,824 sq ft, plus some external storage and a solar farm. The property has a WAULT to expiry of 3.27 years and 1.74 years to breaks. The total passing rent was £608,805 per annum reflecting an attractive net initial yield of 8.40%, this was deemed reversionary to circa 9.67%.

Project

Oxenford House, Oxford

The property comprises a six storey mid-terrace building arranged on a ground basement and four upper floors. The basement was occupied by a nightclub, the ground floor a Five Guys and café whilst the upper floors were part language school and part vacant with a rent guarantee. The property has great redevelopment potential through change of use to either office or student accommodation.

Project

The Village School, Belsize Park, NW3

The property comprised a 10,389 sq ft end terrace school situated within a high value residential area of London. Chatsworth Schools Limited were taking a new 30 year lease back with 5 yearly RPI rent reviews, compounded annually with a 1% - 4% collar and cap. The initial passing rent was £300,000 per annum reflecting a blended rent of £28.88 per sq ft.

The Village School, Belsize Park, London (2)

Project

The Aerospace Building, Cambridge

The property comprised a three storey office, totalling 26,236 sq ft, let on a new 15 year lease with 5 yearly reviews to the higher of OMRV or RPI (2% - 4% collar and cap) at an initial rent of £610,000 per annum.

Project

Regent Park, Buckinghamshire

Regent Park consisted of eight office units arranged in two terraces totalling 27,407 sq ft. They are let on eight separate leases with a WAULT of 7.7 years to expiry and 6.4 years to break. The passing rent was £455,980 per annum.

Regent Park, Princes Risborough, Buckinghamshire

Project

Hall School, Wimbledon

The property comprised two sites and a school of 18,133 sq ft, plus an additional 6.3 acre playing field, with 3,809 sq ft of pavilions. The transaction consisted of a sale and leaseback for a new term of 30 years with 5 yearly RPI rent reviews (compounded annually with a 2%-3.5% collar and cap).

Project

Clarendon House, Cambridge

Sale of city centre freehold Cambridge office building totalling 23,816 sq ft, with an excellent car parking ratio of 1:433 sq ft. Multi let to five tenants on six leases AWULT of 4.31 years and 2.58 years to breaks. Total income £657,924 per annum which equates to an overall rate of £27.63 per sq ft. Potential reversion to in excess of £30 per sq ft overall. Longer term redevelopment optionality.

Project

Pinder House, Milton Keynes

Acquisition of a 18,300 sq ft freehold HQ office building in Milton Keynes as a sale and leaseback, let to Christie Group Plc on a new 15 year lease at a rent reflecting circa £18 per sq ft

Project

Lutea House, Warley Hill Business Park, Brentwood

Freehold office let to the 5A1 covenant of Shawbrook Bank Ltd on a 15-year lease, expiring in September 2026, giving approximately 7.60 years unexpired, at a low passing rent of £383,460 per annum (£19.84 per sq ft). The property comprised 19,662 sq ft over three storeys including 54 car parking spaces (1:364 sq ft).

Project

Jiskoot Technology Centre, Tunbridge Wells

The Jiskoot Technology Centre is a bespoke built warehouse and office facility which is let to the strong covenant of Cameron Ltd, part of the Schlumberger group of companies. The property features fixed uplifts in the lease guaranteeing a minimum reversion in 2021. Also included in the acquisition was Unit 3, an 8,274 sq ft industrial terrace, which is single let to COH Bains Ltd. This has potential to be split up into multi-let units.

Project

Gipping Way, Stowmarket

Bidwells acted for the vendor, Beachshow Ltd, and Bray Fox Smith acted for the purchaser, Threadneedle UK Property Authorised Investment Fund. Five Bidwells teams have now provided professional services to Beachshow Ltd. Its multidisciplinary service enabled Bidwells to first value the facility, then negotiate a Schedule of Condition to assist with agreeing a new lease, before offering planning advice for alternative uses for the site ahead of the sale.

Project

Chatsworth Schools

As well as acquiring schools in developed markets around the world, Chatsworth aims to build new schools in rapidly developing areas. Our teams helped to identify cost efficiencies through sale and leaseback arrangements and optimisation of the site via a major school refurbishment project in London

Hall-School-Wimbledon_Directory_1P6A8663

Project

Chatsworth Schools

Project

Wellington House, Cambridge

Our lease consultancy team negotiated the lease renewals and rent reviews for Wellington House, on behalf of LaSalle Investment Management, over a period of 15 years.

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Richard Walden

Equipped with a methodical and analytical approach, Richard strives to secure his clients the best deals possible – often leading to repeat business.

Accreditations

Experience

Capital Markets

Investment Management

Investment, Development Funding and JV

Oxford Technology Park, Langford Lane, Kidlington, Oxford, OX5 1RY

Horizon Technology Park, Eynsham, Oxford

Units 1-5 The Triangle, Stirling Way, Papworth Business Park, Cambridge

Wilford Lane

37 Hills Road, Cambridge

Shakespeare House, Cambridge

Bluewater Estate, Plymouth

Oxenford House, Oxford

The Village School, Belsize Park, NW3

The Aerospace Building, Cambridge

Regent Park, Buckinghamshire

Hall School, Wimbledon

Clarendon House, Cambridge

Pinder House, Milton Keynes

Lutea House, Warley Hill Business Park, Brentwood

Jiskoot Technology Centre, Tunbridge Wells

Gipping Way, Stowmarket

Chatsworth Schools

Chatsworth Schools

Wellington House, Cambridge

Contact Richard Walden

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