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STOFORD DEVELOPMENTS: BEST PROPERTY COMPANY

Stoford Developments has managed to again secure the accolade of Estates Gazette’s West Midlands’ Property Company for the third successive year, and for the first time has won South West & Wales Property Company of the Year.

Despite a difficult market last year, Stoford completed 619,700 sq ft of mixed-use development space across the Midlands, including Staffordshire council’s 150,000 sq ft headquarters building, which was completed last September.

Ongoing projects include a 9,000 sq ft retail neighbourhood centre at Tividale in Dudley, due to be completed in September.Also in Dudley, Stoford has been appointed to build a 10,000 sq ft office for the Probation Service, due for completion in summer 2013, and a 63-bedroom Premier Inn hotel expected to finish in autumn this year.

The firm continues to step outside its traditional Midlands’ patch with a number of projects in the South West, including Cardiff’s biggest-yet prelet, a 215,000 sq ft HQ building for Admiral Group, due to be completed in 2014.

Stoford had a turnover of £48m in 2011, the same figure as in 2010,and up from £39m in 2009.Its development pipeline is valued at just under £80 million.

Jon Andrews collecting EG Award from Lisa Pilkington

Alex Morgan (left) & Dominic Stokes receiving the award for Best Property Company South West & Wales

 

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