David Nicholson BSc MRICS

Career History

1982- 1983: Management Surveyor with English Estates

1987- 1989: Newcastle City Council, dealing with disposal of Council’s land for development including sale of former Manors Goods Yard site to Warner Bros Cinema

1989-1993: Colliers Stewart Newiss, undertaking principally industrial agency for a range of private clients

1993-2001: DTZ Associate Director dealing with many aspects of industrial agency including occupational agency, development consultancy, investment acquisitions and asset management of multi let industrial portfolios

2002-2008: Lambert Smith Hampton – Director establishing LSH within the North East and heading up the Newcastle office and its agency function. Acting on behalf of a wide range of public and private sector clients David undertook a range of development consultancy roles and advised on a range of office, retail and industrial schemes, market assessments and asset management positions.

2008 to 2011: James Barr – Director establishing a presence for James Barr dealing with a range of commercial and industrial property projects.

JUNE 2011: Launched Lexicon Commercial Ltd

JANUARY 2014: Established Lexicon Cole Ltd with business partner Steve Cole.

KEY Project Experience:

TYNE TUNNEL TRADING ESTATE: Acquisition of a multi let industrial estate on behalf of CINIO Estates with full asset management role to add value through tenant liaison, improvements to the estate environment, and successful marketing of improved stock

WASHINGTON: Acquisition and asset management of a range of industrial estates on behalf of Ashtenne. Significant value added through tenant liaison, building improvements and successful marketing of vacant industrial stock

PARK 2000, HEIGHINGTON LANE, COUNTY DURHAM: Identification of development opportunity with full development consultancy from site acquisition, grant application, design, and marketing of speculatively built product achieving 100% occupancy within 9 months of completion

TEAM VALLEY, GATESHEAD: Site acquisitions, development consultancy and successful marketing of a range of completed industrial schemes on behalf of City and Northern and Silverlink Properties

BALLIOL EAST, NORTH TYNESIDE: Acting on behalf of Viasystems, negotiations to create a saleable development opportunity followed by full marketing and sale of site which became the first phase of Quorum Business Park. Subsequently acting on behalf of One NorthEast and DTI acted on disposal of the former Viasystems premises now the final phases of the successful Quorum development

RAINTON BRIDGE BUSINESS PARK, SUNDERLAND: On behalf of City of Sunderland marketing of development site with negotiation of development agreement to Akeler. Subsequently became involved in marketing of scheme which secured the development of the Northern Rock campus.

NORTHUMBERLAND BUSINESS PARK: Successful marketing of 30 acre development site on behalf of Northumberland County Council to secure a development partner for a major business park opportunity.

WEST HARTFORD, CRAMLINGTON: Expert witness acting in respect of a 240 acre development site. The role require analysis of demand and competing supply for industrial sites across the region and report to public enquiry. Client One NorthEast

NELSON INDUSTRIAL ESTATE, CRAMLINGTON: Preparation of evidence to public enquiry. The site had been the subject of an application for change of use from employment use to residential.

BARON HOUSE, NEWCASTLE UPON TYNE: Acting on behalf of a BPRA fund the 90,000 sq ft mixed use, city centre property was acquired in July 2012. Further involved the asset management to make the property  development ready to provide a 160 room branded hotel to be completed by March 2015

AYCLIFFE, COUNTY DURHAM: Acting on behalf of M7 Real Estate / Europa Capital  in providing advice on the acquisition of a property portfolio in Aycliffe, County Durham. The acquisition of 700,000 sq ft of industrial premises at a price in the order of £11 million was concluded following advice on market conditions, asset management opportunities, marketing and rental/ capital values