Newly formed iSec Group sees rapid expansion
iSec, a part of Marcol, and formerly known as Marcol Industrial and Industrial Securities, has seen a hive of activity over the last 18 months. This year alone, there have been 200 acres of major site acquisitions and delivery of planning on over 700 acres of strategic land, with an end value of more than £400m.
iSec recently completed the acquisition of a 65 acre site from Rolls Royce at the former Filton Aerodrome in Bristol. The project, to be branded Horizon 38, already has detailed planning consent for a 1.2 million sq ft mixed employment based scheme. The developer has commenced an initial speculative phase of 580,000 sq ft of industrial space that has been forward funded by Ropemaker, with an end value in excess of £64m. The total site has a gross development value in excess of £100m.
Horizon 38 is the latest in a series of land deals concluded by iSec over the last 18 months, including a Joint Venture with Waystone on a strategic site of some 650 acres in Doncaster, for which an outline planning consent was obtained shortly before Christmas to deliver 3,000 homes; 100 acres of mixed uses and in excess of 1m sq ft of logistics and advanced manufacturing with a GDV north of £200m.
Planning consent has been recently obtained on iSec’s Bolsover site, Tudor Cross, close to Markham Vale at Junction 29a of the M1, for 60 acres of land to provide 1.1m sq. ft. of industrial space. An outline planning application for 660 homes on an adjacent site is shortly to be determined by the local planning authority. The development has an end value in excess of £100m.
Both Horizon 38 and Tudor Cross are projects being undertaken in partnership with St Francis Group.
Futhermore, iSec has also acquired 125 acres of land in north Bedford on which sits the Twinwoods Business Park, here they are working up a mixed use master plan in conjunction with a local land owner that includes a new settlement of 6,000 new homes.
The iSec team has been strengthened by the appointment of Mike Forster from P3 Parks and Andrew Long from AXA Real Estate. They bring a wealth of experience to a business that cut its teeth in the industrial sector in the early 1990s.
Nigel Lax, Director of iSec in the UK commented “Our UK team are working on a number of very interesting strategic development projects that focus on the chronic shortage of industrial space that exists in most regions. Several of these schemes include a residential element, a sector where we expect to see significant growth outside the South East over the next 3-4 years”.
For more information please visit http://isecgroup.uk/