Our approach is one of cooperation and transparency so that transactions can be conducted quickly in the spirit of openness and trust. Bericote are one of the most active developers of large scale distribution space in the UK.
Gestamp, automotive component suppliers to Jaguar Land Rover, needed a new manufacturing headquarters in the UK. Gestamp selected our site at Four Ashes over other UK and European opportunities for the £110million investment.
Rolls Royce needed to expand, but with no room left at their Goodwood HQ they turned to the UK’s leading developers to propose a location and terms for which two bespoke new buildings could be provided. Bericote were selected; pairing the most reliable site with best value.
Following an extensive site search throughout the South East, Ocado selected Bericote’s site at Erith for their Home Shopping Centre requirement. Ocado were attracted by the certainty provided by Bericote, having de-risked the site and so being able to guarantee Ocado’s tight delivery programme for the new £250m facility of 560,000 sq ft.
Asda needed to see a step change in their speed to market with their home shopping capacity. They turned to Bericote to identify, secure and deliver three 110,000 sq ft London centred facilities in 12 months. Job done.
Since its inception the company has had strong relationships with the food retailing sector and this client base has grown to become more diverse. Bericote now specialise in dot.com delivery expertise and developing bespoke facilities for manufacturing companies supporting the growth in the UK car industry. In addition the group has developed some of its own assets to be held as investments or traded.
The company has two Development Directors and their support teams, running offices in:
The company’s holding company is Bericote Holdings Ltd, which through its subsidiary companies is undertaking a number of developments throughout the UK. In 2018 the group’s turnover was in excess of £77m. The Group has no external borrowings and has significant cash reserves. It is the group’s policy to use its own balance sheet wherever possible to fund the early stages of development.
The future of Bericote
The Group currently has a considerable land bank and order book and will continue to expand its operations in the UK through organic growth and partnerships with specialised funds in the commercial property sector. The leverage from these partnerships will see the group continue to expand.