Our approach is one of cooperation and transparency so that transactions can be conducted quickly in the spirit of openness and trust
The way we work with occupiers, landowners and government agencies has led to us securing significant projects for some of the highest profile occupiers and investors in the UK market.
Bericote are one of the most active developers of distribution space in the UK, with over 2 million sq ft of distribution space completed in 2015 and another 2 million sq ft in 2016 for some of the UK’s highest regarded companies including Amazon, Rolls Royce, DHL and Ocado.
Examples of recent successes
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 offer 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 dot-coms (Heston, Minworth and Dartford)
Asda needed to see a gear 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 facilities in 12 months. Job done.
After a competitive tender process, Bericote was selected to deliver a new 250,000 sq ft chilled and frozen facility on Sainsbury’s own site in Charlton, South London. Sainsbury’s saw Bericote as being focused, dynamic and entrepreneurial in approach.
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 now has three Development Directors and their support teams, running offices in London, Leamington Spa and Manchester.
The company’s holding company is Bericote Holdings Ltd, which owns a number of companies engaged in developments throughout the UK. In 2016 the company and its associated companies turned over in excess of £55m. 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 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 expand rapidly over the next 2 to 5 years.