Work With Us - Bericote Properties
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Bridge the Gap

Site Profile

Siteowners will have the raw materials – land – but not access to financial resources, professional teams or the experience to bring redundant sites successfully forward for comprehensive development.

Contamination

Many brownfield sites are contaminated giving rise to ongoing liabilities and risk. The levels of which are generally unknown or existing surveys are out of date and superseded by current legislation. Alternatively the existing solution may be prohibitively expensive.

Unlock the potential

Environmental Assessments

Planning

Demolition

Remediation

Marketing

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Share the profit

Pre Lets / Pre Sales

Development plots will be drawn down as pre-let/pre-sale Design & Build opportunities are secured.

Fixed Land Price

The Landowner will benefit from the land drawdown payment. A gross land value will be agreed reflecting current open market value. Deductions will be made for remediation, infrastructure and abnormal costs to provide a guaranteed net purchase price.

50:50 Profit

Firstly, the landowner would receive proceeds from the draw down land payment. Then, Bericote would take a priority return on total costs. All additional profit would be split 50:50 between the Landowner and Bericote/occupier. This would generate significant enhanced returns to the Landowner and would ensure exposure to an improved upside as a result of improving yields or land values.

Sample Appraisal

An appraisal reflecting a specific plot drawdown will be agreed with the landowner fixing the drawdown price to be paid up front and the profit share to be paid upon practical completion. Bericote will work on an open book basis, offering complete transparency.

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“Bericote delivered a complicated, ever changing project on time to budget; we hope to work with them again.”

– Duncan Tatton-Brown, CFO at Ocado
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Rolls Royce Motor Cars

Bericote were invited by Rolls Royce Motor Cars to tender for the site identification, acquisition and procurement of two new fulfilment centres totalling 410,000 sq ft on the south coast, close to their Head Quarters in Goodwood, Chichester.

Bericote were selected over 5 other major UK and Global developers as the preferred partner to procure the facility.

Having secured the site and secured the planning consent, the facility was completed in September 2015 and handed over to Rolls Royce already fully fitted with racking, heating and lighting.

Sainsbury’s – Thameside Depot, Charlton

After a competitive tender involving the world’s largest warehouse developers, Bericote were chosen as a preferred partner to redevelop an ageing and inefficient 1960’s warehouse into a modern state of the art facility for Sainsbury’s.

Sainsbury’s had a 99 year lease on the property with only 40 years remaining which contained draconian terms.

Bericote negotiated around the complicated legal issues with the landlord in order to obtain permission for the redevelopment with no extra rental cost and on more agreeable lease terms.

Bericote obtained planning through delegated powers ahead of time, and demolished the old concrete framed building and constructed a 250,000 sq. ft. state of the art warehouse, housing frozen, chilled and ambient chambers, which is dedicated to serving Sainsbury’s 200 convenience stores throughout South London.

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ASDA

Since 2010, Bericote Properties have been Asda’s exclusive UK developer for their distribution facilities.

Since our partnership began, we have constructed over 3m sq. ft. across the UK for a range of ASDA facilities from Regional Distribution Centres, to Internet Fulfilment centres and Return & Recycling units.

Asda chose us as their preferred UK warehouse developer for our open book approach; our ability to respond to situations quickly; our company structure allows us to make prompt decisions; our high quality development and procurement expertise and our ability to purchase sites on their behalf.

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“We trust Bericote, they are light touch to partner with, have a complementary skillset and deliver on their promises.”

Paul Tebbit, Managing Director at Blackrock

“A leader in logistics development, Bericote’s team is hugely knowledgeable, attentive and sensitive in their approach, prepare thoroughly and have consistently outperformed for us”

Colin Godfrey, Tritax Big Box Reit Plc..
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Scale

In 2020 alone we transacted over £325m with our investors, in a mix of pre-let and speculative development and land acquisition.

Our relationship with Tritax Big Box enabled us to make the £65m unconditional purchase of the former power station at Littlebrook, in Dartford. This is a major distribution development within the M25, offering up to three million square feet of development on a formerly disused site.

Funding Partners

We work closely with our key investors on multiple projects, developing strong relationships. This maximises efficiency in communication, legal process and certainty of delivery for all parties. Our success is down to a strong attention to detail, ensuring close customer relationships, strong links with planning and local authorities and on-schedule delivery.

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“Bericote are what you are looking for in a developer – leaders in their field, technically excellent and always deliver.”

Keith Dowley, Director at DTRE

“The disposal of this complicated brownfield site was delivered in a seamless fashion, without delay – the vendor was impressed with Bericote’s performance in securing an unconditional outcome”

Chris North, Director at JLL
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Opportunities

Agents are assured that opportunities put to Bericote will be assessed quickly and openly. We are incredibly selective in the projects that we work on, always needing to identify our USP for each and every opportunity. Once selected, Bericote have never failed to complete on a transaction. Agents have been key to our expansion across the UK.

Chris Mitchell of Maughan Mitchell and Andrew Archibald of Keygrove viewing the Alpha Park brochure.

Working with us

We’re a niche team seeking to establish strong relationships with all our agents and their clients. We conduct transactions with trust and openness and with 300 acres for new occupiers, there is lots of opportunity for you to work with us in a like-minded way.

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Let's begin

and build a sustainable future together

BUILD
A FUTURE TODAY