Origins and core business
The Inglewood Investment Company was founded in 1951 by Stafford businessman T B Follows, grandfather of the current directors. All directors of the company currently live locally and are fully committed to growing the company further around its core business which is the buying of commercial property predominantly across Staffordshire, to lease out to business users – for retail, industrial and office use. Inglewood also owns several flats and houses in Stafford which are let to private residential occupiers.
New build projects
In some locations the company promotes land for housing development, usually in collaboration with well-known house builders. Some of the major schemes completed in the Stafford and Penkridge area during 1980s and 1990s were the result of collaborations of Inglewood with Barratts and Tarmac. The company is now negotiating with builders to promote smaller sites for development through planning or through representations to Local Plans, to provide housing required by district authorities in Staffordshire. In Queensville Avenue a new development of 5 flats/apartments and a bungalow replaced two blocks of old ‘lock up’ garages.
A new forestry building has recently been completed at Blackheath Lane to the East of Stafford to create a sustainable base for more efficient management of Blackheath Covert and other local woodland belonging to the company.
The Company is currently co-ordinating development of Creswell Park at M6 Junction 14 in Stafford. We are pleased that Swansway (Stafford Land Rover) have become the first occupier of this outstanding site. Their new showrooms open in January 2015. Negotiations are in progress to bring other top Car Dealerships to this location during 2015 which will help make Creswell Park a highly strategic centre for the Automotive Industry in the Midlands. It is hoped that office users will take up space at Creswell Park also to complete the development of the Business Park. (For further information see ‘Development Sites’ for marketing information).
Long-term investment programme
The Company is always searching for property that is suitable for long term investment and can be adapted to modern use and made into attractive places to live or work. The directors are pleased to have built up a diverse range of long-term tenants – Lloyds Bank, the Co-Op, BIFFA, William Hill, Barnardos, Age Concern and Lloyds Chemists are some of the better known national companies, but there are also many local businesses and individuals operating from Inglewood property, particularly in the Stafford area. The Company owns farmland and other rural property and land in Staffordshire which is leased to local Farmers, Equestrian Users, the Forestry Commission, and to Quarry Operators Hanson.
Redevelopment and renovation
The Company has undertaken redevelopment and renovation projects to bring older property back into productive use. All work has been carried out to the highest standards of design and construction and provision of services and where possible the buildings are also made DDA compliant. Some of the completed schemes are shown below:
The alteration and renovation of St Chads Hall, Tipping Street, Stafford has provided useful office space in Stafford Town Centre.
The conversion of barns at Heath Farm, Gailey to residential use is still in progress. The project will be completed in the summer of 2015. This project has required the establishment of a new farm access, replacement farm building for tenant, removal of old pole barns etc and substantial works to the old brick farm buildings.
A new tenant has moved into Brookside Farm, Brereton, where improvement work to the house and surrounding landholding have been recently completed.
2 small retail units at Allis Close, Stafford have a new tenant after these two properties were upgraded into a single unit which is now more suitable for a local convenience store and a new tenant is now in occupation after the property being empty for over 18 months.
Various office refurbishments have been undertaken over the last few years as part of the compani's policy to upgrade its property protfolio where necessary.
Through this range of enterprises the company will continue to actively support local business, provide housing of high standard, offer opportunities to farmers and other commercial land users, and thereby contribute positively to the local economy. This will remain the objective of the company in the years ahead.
It will also contribute to the local area through partnerships with local housing associations to make land available for affordable housing as well as continuing work on landscape restoration and habitat creation.
The company has collaborated with South Staffordshire Housing Association in their successful planning application for development of 22 affordable houses required in Huntington, a project supported by Huntington Parish Council to deal with local need. Provision of afford homes will be an important part of all future building projects undertaken by Inglewood.
Landscape Restoration and Habitat Creation
The company is also committed to restoration of land which has previously been used for quarrying.
In the last 6 years over 10,000+ trees have been planted by the company with careful consideration being given to choice of tree and shrub species with regard to improving the ecology of the planting areas.
Two new water wildlife habitat areas have been created on the company's land in the last 5 years.