Time of the essence as Vail Williams concludes three deals for fire safety company

Property consultancy Vail Williams has successfully concluded three deals which required precision timing for a leading manufacturer and distributor of fire safety equipment.

The firm negotiated a lease assignment for a property in West Drayton, Greater London and the acquisition of properties in nearby Colnbrook, adjacent to Heathrow Airport, and at Newbury in Berkshire.

Vail Williams partner Maria Hoadley and surveyor Natalie Furtado acted for Haes Technologies and its distribution arm IST Supplies to pull off a series of complex transactions.

It came about after they were tasked with finding new bases for the different arms of the company as the business evolved – the distribution business of Haes Systems changed its name to IST Supplies in 2020 – as they no longer needed to be housed in the same building.

New premises were secured for Haes Technologies at established 6,454 sq ft Unit 17 Britannia Industrial Estate in Poyle Road, Colnbrook and for IST Supplies at refurbished 4,244 sq ft Unit A2 in Cyril Vokins Road, Newbury. Vail Williams’ building consultancy team also carried out the survey on the Poyle Road unit.

However, the deals were contingent on the disposal of the company’s original headquarters, the 10,994 sq ft Unit 3 on Horton Industrial Estate, West Drayton and all three deals had to be simultaneous for production and distribution continuation reasons.

Natalie added: “IST Supplies has been an excellent client to work with, genuinely taking our advice on board and trusting the property professionals to deliver a satisfactory outcome, but also very much knowing exactly what they required.

“Allowing us to work on their behalf while getting on with running their own business is collaborative working at its very best and we hope to continue the partnership in the future.”

IST Supplies and Haes Technologies managing director Jeff Ivey said: “IST Supplies initially engaged with Vail Williams to help exit its current premises before the end of the lease.

“The scope of works was then expanded to include the acquisition of two locations, both of which had very different requirements.

“To complicate the brief, all three transactions had to complete on the same day. Maria Hoadley and Natalie Furtado delivered a great result ensuring IST Supplies was able to achieve all its objectives from these moves.

“Maria and Natalie always worked diligently to obtain the best outcome for us, and I recommend them both for their market knowledge, managing many parties and sound advice.”

Haes Technologies is one of the UK’s leading manufacturers of fire alarm system control equipment. Established in 1973 Haes remains a family run business and all its products are manufactured in the UK in its purpose designed facility near London’s Heathrow Airport.

IST Supplies is a leading global distributor of fire and safety equipment, serving clients worldwide with a vast range of industry-leading products, backed by more than five decades of experience.