CHARLES STREET BUILDINGS GROUP COMPANY HISTORY
1996 TO PRESENT CHARLES STREET BUILDINGS IN THE MODERN WORLD
1996 TO PRESENT CHARLES STREET BUILDINGS IN THE MODERN WORLD
Guernsey

Since 1996 the Group has been led by Hugh, son of Paddy and nephew of Hughie, the Group’s founders. Under Hugh’s leadership the Group has withstood the rigours of difficult economic times and has diversified from its traditional industrial base with some retail and office premises to a fully balanced portfolio across all major sectors.

The Group’s day to day activities have been focused on the expansion and redevelopment of the Group’s Leicestershire estates and investment in government, banking, office and retail sectors.

In 1996 the Group acquired premises at Caledonian House in Dundee and the following year acquired premises in Exeter, both let to the government on long leases. Acquisitions let to among others the government, BBC, Barclays Bank, HSBC, Lloyds TSB and H&M followed in a number of locations including London, Cardiff, Norwich, Runcorn, Nottingham, Sheffield, Edinburgh, Leeds and Newcastle, as well as various premises in Leicester city centre.

In 2005 the Group acquired a 43,500 sq ft office building on the sea front in St Peter Port, Guernsey let to Royal Bank of Scotland International and commenced the reconstruction of the site at Thurmaston which had been developed for the Co-Op thirty years earlier. A shopping centre was developed which is now home to Dunelm, Sports Direct, Boots, Next, Arcadia, Poundland, TK Maxx, M&S Simply Foods and MacDonalds and Pizza Hut among others.

In 2006 the Group purchased premises at 1 Bessborough Gardens, close to Vauxhall Bridge in London for £45,000,000 which is let to the government. Other premises were acquired in London in 2016 at Curzon Street which are let to London Executive Offices. This is a modern built freehold office building located in the heart of Mayfair.

In 2007 Walkers Crisps vacated Thurmaston Industrial Estate leading to the demolition of industrial premises on around 14 acres. In 2009 heads of terms were agreed with Arriva to relocate their bus depot at the former Murphy Bros headquarters on Melton Road, to the Canal Street edge of the industrial estate, thereby freeing the remainder of the site for redevelopment. Infrastructure works for a new sewer route commenced in 2009 with a new internal road layout completed in 2011. Thereafter developments were carried out for existing occupiers Qualvis Litho, and new premises for Advance Tapes, and US warehouse club Costco Wholesale. Construction at the final development site at Thurmaston commenced in 2016 for new premises for Wickes, Travis Perkins and a 100,000 sqft facility for Leicester Tissue Company.

In 2010 the Group acquired a shop at 71 Grafton Street, Dublin on Ireland’s premier retail street which is let to high end jewellers Boodles. This is the Group’s only property interest in Ireland, despite the Murphy family’s obvious connections with Ireland which endure to this day.

Further additions have since been made to the portfolio through the acquisition of a 105,000 office let to E.On in Nottingham, 80,000 sqft office at Oxford Business Park let to British Gas, and a 72,000 sqft office let to the Environment Agency in Bristol. These properties are among the greenest and most sustainable office buildings in the UK. The Group also acquired an office in Manchester's Spinningfields development.

The Group has also acquired additional retail through new build Waitrose stores in Swindon and Worcester, a new Next at Home in Maidstone and funded the development of a retail park in Maidstone to be occupied by Aldi, McDonalds and Poundstretcher. The Group also redeveloped existing land at Hawley Road, Hinckley, which having stood vacant for several years is now a 56,000 sqft retail park, occupied by Tesco, Pets at Home and Poundstretcher.

The Group continues to reinvest in the existing portfolio through the regenration of Welford House in Leicester, for Rock Kitchen Harris and Spearing Waite, which restores the former Leicester Permanent Building Society premises to their former glory, and a large scale regeneration project for the Group's land and holdings at Vaughan Way and the former Leicester Central station at Great Central Street. This project envisages the development of hotels, offices, and leisure facilities.

The Group continues to be run on a day to day basis by Hugh, although as befits a family company he is assisted in this by his wife Margaret, his sons Patrick and Joseph, his daughter Mary, his cousin Freddie Linnett and the company secretary Bob Smith.
 


REGISTERED OFFICE Charles Street Buildings Group
1 Westmoreland Avenue,
Thurmaston,
Leicester,
LE4 8PH

Tel:(0116) 269 3443
Fax:(0116) 269 3346
Email:

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