Investment Tracker

This Investment Tracker provides a listing of business openings, expansions and business investment in the City of York. It is based upon planning applications, press releases and media reports.

While every effort has been made to ensure a high degree of accuracy the authors can make no guarantees as to the accuracy of information quoted and interested parties should seek further independent clarification if further details are required.

May 2017

Gusto (Domestic) – Cheshire – Retail and Leisure

Italian restaurant and bar chain Gusto will open their 17th outlet on Little Stonegate in York in July. The move follows a £1m refurbishment to transform the old Mulberry Hall shop into a 120 cover venue, creating 60 jobs.

Symbiosis IP (Domestic) – Life Sciences

Symbiosis IP has taken space at the National Agri-food Innovation Campus on the outskirts of York.

 FPCR (Domestic) – Derby – Evesham – Life Sciences

 Environmental and integrated design company FPCR have taken space at the National Agri-food Innovation Campus on the outskirts of York.

PowerON (Domestic) – York – IT and Digital

IT solutions and consultancy business PowerON has signed a three year lease on ground floor office space at the former Time Office at York’s historic Terry’s chocolate factory to act as its Head office. Since forming just 2 years ago the company, which has offices in Surrey and Lincoln, has seen rapid growth and now employs 26 people.

Gear4Music (Domestic) – York – Business Investment / Retail 

York-headquartered online musical instrument and equipment provider Gear4Music has successfully raised £4.2m with a placing and will use the money to accelerate its growth.

The business will invest in accelerated development of its bespoke IT platform as well as in international expansion and accelerating translation and multilingual resources. It will also look into investing further in its new UK head office and developing the German and Scandinavian hubs.

Splendid Hospitality Group (Domestic) – Middlesex – Leisure and Tourism

The latest phase of the five star hotel’s £15m expansion has been unveiled. The 130-cover restaurant will become part of a £15m expansion project which will also see the addition of 101 bedrooms when a new accommodation wing opens later this year. Set to open June, ‘The Rise’ is the latest venture from The Grand Hotel & Spa, York, offering a twist on British favourites from Chef Craig Atchinson.

Gear4Music (Domestic) – York – Business Investment / Retail

Online retailer gear4Music has had a record year, and is expanding with a £5.3m HQ acquisition on the back of it. Revenues reached £56.1m for the York-based business in the year to February 2017, up 58% on the year before. The company made pre-tax profits of £2.3m, compared to a loss of £43,000 in 2016.

CPP (Domestic) – York – Insurance

Credit card insurance business CPP is selling its York HQ to Gear4Music for £5.3m. The deal, was revealed after Gear4Music announced it would be expanding its base in York.

Tailor Made Media – (Domestic) – York – Digital/Creative

Two months after moving to York Science Park and securing a place on the Springboard programme digital marketing agency Tailor Made Media has outgrown its first office and is preparing to move to bigger premises. The 7 strong team will move into a 12 person space ready for rapid growth and further recruitment.

Herbet Todd & Son (Domestic) – York – Retail (electrical goods)

Herbet Todd & Son has moved into new purpose built premises in York to allow further growth. The new building in Monks Cross offers 10,000sq ft of showroom and warehouse space.

City Cruises (Domestic) – London – Leisure and Tourism

City Cruises has acquired York Boat in a £2.5m deal. The business will run under the City Cruises York banner.

Lawrence Luxury Apart Hotel (Domestic) – York – Leisure and Tourism

Lawrence Luxury Apart Hotel is investing £2.8m in a new city centre building. The former office building on tanner row, off Micklegate is set to be converted into 13 one-bedroom apartments covering 7,500 sq ft over three floors.

Savills (Domestic) – Property

The team of 47 at Savills York is set to occupy the former Grand Central headquarters in River House, Museum Street. The move follows the merger of Savills and Smiths Gore in June 2015, and will see the teams relocate from existing premises in Merchantgate and Bootham.

CAPITA (Domestic) – Leisure and Toursim

Capita has made moves to expand its operations in the travel and events market with the acquisition of a York-based event logistics firm. NYS Corporate, based at York Science Park, will form part of Capita’s Travel and Events division. The firm will retain its brand identity and continue to operate with its team of 62 staff.

BHP (Domestic) – Sheffield – Business Investment / FPS

BHP, one of Yorkshire’s largest independent firms of chartered accountants, is to join forces with family-run Atkinsons Consulting Limited. The move marks further expansion into York for Sheffield-headquartered BHP after it acquired Barron and Barron in 2013, taking on their offices in Micklegate.

April 2017

Sweaty Betty (Domestic) – London – Retail

Sportswear brand Sweaty Betty has opened a new store on Stonegate York.

Cosy Club (Domestic) – Bristol – Leisure and Tourism

Cosy Club have opened up a new restaurant/bar on Fossgate.

Ness Clothing (Domestic) – Edinburgh – Retail

Ness clothing opened a new store on Stonegate in York

Capita (Domestic) – Business Investment / Leisure and Tourism

Professional services company Capita has acquired York based NYS Corporate, which specialise in business travel and events logistics for large businesses including 02, the NHS and Siemens.

Covance (FDI) – USA – Life Sciences

Covance (a subsidiary of Laboratory Corporation of America), one of the world’s leaders in drug development, is expanding its presence in the UK by establishing a purpose-built laboratory at the National Food and Agri Innovation Campus (NAFIC) on the edge of York on a 10-year lease

Saville Audio Visual (Domestic) – York – Business Investment / Digital Creative

The management of Saville Audio Visual have acquired the £41m turnover business.

Paragon Entertainment (Domestic) – York – Leisure and Tourism

Paragon Entertainment, which designs and builds attractions for brands such as toy store chain Hamleys and the Titanic Belfast, has reported annual results featuring a surge in revenues. In the year to 31 December 2016, group revenue rose by 70 per cent to £14.4m while EBIDTA climbed from £240,000 to £1.2m.

Rollits (Domestic) – Hull – Business Investment / FPS

Law firm Rollits has acquired a building at Monks Cross in York to relocate its North Yorkshire offices. Forsyth House, a 6,000 sq ft building, has been sold by Flanagan James Property Consultants on behalf of undisclosed private investors.

Chafer (Yara UK – owned) – (Domestic) – Grimsby – Business Investment / Bioscience

Plant product manufacturer Chafer has invested £1m in its liquid fertiliser site in Elvington, increasing its handling and storage facilities.

Cairn Group (Domestic) – Newcastle – Leisure and Tourism

Cairn Group is set to reopen Grade 2 listed York Bar as Jalou after a £1.1m investment. The brand will launch for the first time outside Newcastle, creating 30 jobs in the city.

Pavers Shoes (Domestic) – York  – Retail

York-based retailer Pavers has acquired four Brantano shoe stores from administrators PwC. The four stores, in Lincoln, Bournemouth, Newton Abbot and Newport on the Isle of Wight have been acquired for an undisclosed sum.

Hunters Estate Agency – (Domestic) – York – Business Investment / Property

York based estate agency Hunters have posted impressive results as it enters its 25th year. Revenues were up 15% to £13.8m with pre-tax profits of £987,000 up from £880,000.

March 2017

ACM Global Labs – (FDI) USA – Business Investment / Bioscience

ACM Global Laboratories are set to create more than 160 new jobs in York following a £1m expansion of the US Company’s European Headquarters in the city.

Integumen (FDI) – Dublin – Business Investment / Bioscience

Healthtech firm Integumen which has its UK registered offices, laboratories, and R&D facilities at Sand Hutton York, has revealed plans for an £8m floatation on the London Stock Exchange.

BT (Domestic) – apprenticeship and graduate recruitment / IT

BT is launching a major apprenticeship and graduate recruitment drive, with York to be the base for some of the new jobs.

The company revealed it was looking for 50 new apprentices to be based in York, Scarborough, Northallerton, Doncaster, Leeds and Sheffield.

CPP (Domestic) – York – Insurance

CPP has acquired Irish-based Blink Innovation for 1m euros. Blink is a digital assurance product for the travel market.

Portakbin (Domestic) – York – Business Investment

Portakabin has announced a multi-million pound IT investment connecting 7 European regions. The new system will give customers, staff and supply chain partner’s access to a single integrated information system across the company.

Optibiotix (Domestic) – York – Business Investment / Bioscience

Life sciences business OptiBiotix Health has entered into a manufacturing and supply agreement with a European probiotic manufacturer.

Gear4Music (Domestic) – York – Business Investment / Retail

Major growth in its European operations has helped drive a surge in sales at York-headquartered online retailer of musical instruments and music equipment, Gear4Music.

In a trading update ahead of its results for the year to 28 February 2017, Gear4Music said total sales have risen by 58 per cent to £56m.

February 2017

Jones the Bootmaker (Domestic) – York – Retail

Business news confirms that the business has been put up for sale. 170 stores nationwide.

Newby Property (Domestic) – Ripon – Residential Development

Plans for the residential redevelopment of the historic former Nestlé factory on Haxby Road in York have been lodged by property company Newby. The Cocoa Works scheme proposes a mix of one-, two- and three-bedroom apartments over six existing floors and includes a roof-top extension.

A new 4,000 sq ft convenience store, storage for 288 bicycles and 173 external parking spaces as well as landscaped areas with feature lighting to the front and back of the building are also proposed.

Novotel Hotel

Application submitted for construction of 5 storey side extension to accommodate 22 guest rooms.

TouchRight Software – (Domestic) – York – Business Investment

TouchRight Software, based at the Hiscox Business Club in York have become the first business to receive backing from Finance Yorkshire’s new £5m extension fund. The company has received a £50,000 business loan.

Aldi – (FDI) – Germany – Retail

Construction has started on a new Aldi store on Water Lane. The new 18,750 sq ft supermarket will create about 30 jobs. 15-yr lease.

Rushbond Plc – (Domestic) – Leeds – Property Investment

The landmark River House has been sold to Rushbond Plc for an undisclosed sum.

First York (Domestic) – Aberdeen – Transport

Bus operator First York has taken 3,289 sq ft of office accommodation at 20 George Hudson Street

Croque Monsieur (Domestic) – York – Food and Drink

A FLEDGLING cafe chain to launch its third branch, just over two years after the first opened its doors.

The company has signed the lease on 20 George Hudson Street, and at 1500 sq feet the third branch will be a significant expansion on the two shops already operating in York. Estimated £40,000- £50,000 investment, plus £25,000 for equipment, coming from the existing business. 10 new jobs will be created.

Midlothian Capital Partners (Domestic) – London – Business Investment

MCP have acquired York headquartered Park Leisure 2000 Ltd in a £103m deal.

January 2017

Vaquiros (Domestic) – York – Food and Drink

Empiric Student Property (Domestic) – London- Residential Development

The freehold of the 220-bed Foss Studios accommodation scheme in York has been acquired by Empiric Student Property for £23.3m from Curlew Student Trust.

Empiric Student Property (Domestic) – London- Residential Development

Empiric Student Property has committed £9.245m to the development of a 106-bed student scheme on Percy Lane in York. Construction on the Percy’s Lane property is due to start in May 2017 with practical completion scheduled in time for the 2018/19 academic year. As a result of these transactions, the Group will own a total of 441 beds in York, some 2 per cent of the local full-time student population

Malmaison (FDI) – Singapore – Leisure

Proposals for a new 124 bed Malmaison hotel at the former Aviva Offices in York in the centre of York have been approved.

Northminster Ltd (Domestic) – York – Leisure/Residential Development

Plans are set to be lodged this month for a £25m hotel and apartments scheme close to York city centre. The 50,000 sq ft scheme, comprising 42,000 sq ft for the hotel and about 7,900 sq ft of apartments, is known as Piccadilly Riverside.

PIB Insurance (Domestic) – London – Business Investment/Acquisition

London-headquartered PIB Insurance Brokers has acquired independent York insurance broker DE Ford in a deal supported by the corporate finance team at KPMG in Leeds.

Palace Capital Plc (Domestic) – London – Residential/Office Development

Plans have been unveiled for the prospective redevelopment of Hudson House in York as a mixed-use scheme that will also include a landscaped route through from the railway station. The current 1960s brutalist property will be developed into four new modern buildings including apartments, grade-A office accommodation and other commercial space.

Sainsbury’s (Domestic) – Retail / Residential Development

Work has started transforming the former Groves Chapel in York into a Sainsbury’s store and 16 apartments.

Helping Hands Care Agency (Domestic) – Warwickshire – Home Care Services

Helping Hands Care Agency have taken 70 sqm of sales space on Front space in Acomb.

York Motor Factors (Domestic) – York – Retail

York Motor Factors have expanded into an extra 170sqm of showroom space at Layerthorpe.

December 2016

Auto Windscreens Ltd (Domestic) – Seven Oaks, Kent – Retail

Auto Windscreens took space at 5, Hazel Court, Lawrence Street

SG Petch (Domestic) – Darlington – Retail

SG Petch, a family owned Car Dealership has bought Jockey Lane site at Monks Cross

Studio 35 Ltd (Domestic) – York – Retail

Kitchen design studio and installation service have taken space at Blossom street

Brew Dog (Domestic) – Aberdeenshire – Food and Drink

Brewdog have opened their latest offering on Micklegate, York.

Wildwood Restaurants (Domestic) – Food and Drink

Primark (Domestic) – Dublin/Reading – Retail

Primark has opened its second York store with a new 34,400sqft store in the city centres Coppergate shopping centre, creating 221 new jobs.

Danshell Group (Domestic) York – Business Expansion

Danshell Group, a York-based independent provider supporting adults with learning disabilities and autism, is planning to further strengthen and expand its services within the UK with the backing of a £26m refinance funding from HSBC.

November 2016

New World Trading Company, The Botanist (Domestic) – Food and Drink

The New World Trading Company have opened a Botanist on Stonegate in the city creating 60 new jobs.

October 2016

Seasalt (Domestic) – Cornwall – Retail

Cornish women’s clothing store inspired by Cornwall’s maritime traditions has opened its doors on Davygate.

Nomination Italy (FDI) – Italy – Retail

Italian Jewellery store has opened its first York store on the corner of Church Street and Low Petergate

Toymaster (Domestic) – Northampton – Retail

Toymaster has opened its latest toy store on Market Street in the city centre

Gear4Music (Domestic) – York – Retail/Business Investment

Online musical instrument retailer Gear4music has struck a deal to acquire the software development team behind its e-commerce platform. Under the terms of the transaction, 24 employees including Venditan’s chief technology officer Thomas Walder will transfer across to the group on 1 January 2017 for £1.5m.

HIG Capital/Yorkshire Ventures (FDI) – USA – Property Investment/Leisure

Private equity group H.I.G. Capital has completed a structured debt investment to help York Ventures in buying Aviva’s former city offices in York for a new major hotel. The sale to York Ventures will see the building at 2 Rougier Street transformed into a 124 bedroom Malmaison Hotel creating 80-90 jobs.

Mitrefinch (Domestic) – York – Business Investment

Mitrefinch, a York-based developer of human capital management software, has secured an equity investment of more than £20m from LDC to support its international expansion as part of a management buyout (MBO).

September 2016

Balfour Beatty Plc (Domestic) – London – Rail

Balfour Beatty, the international infrastructure group have acquired Omnicom Engineering Rail, an innovative York Based company which specialises in the development of vehicle borne software and hardware platforms for asset survey, inspection and monitoring for use across the transportation sector to enhance effectiveness of infrastructure assets.

August 2016

Smiggle (FDI) – Australia – Retail

The Australian stationary brand has opened its new store on Coney Street in the city centre.

The Restaurant Group/Joe’s Kitchen (Domestic) – London – Food and Drink

July 2016

Kathe Wolfhart – (FDI) – Germany – Retail

Kathe Wolfhart have opened their first Christmas shop in the UK on Stonegate

Zwilling (FDI) – Germany – Retail

German Kitchenware specialists Zwilling has opened a 662 square foot store, creating five new jobs at the designer outlet. The site is the first stand-alone store in the north of England

Mountain Warehouse (Domestic) – London – Retail

Mountain Warehouse opened a new concept store on Davy gate in the city centre

Double Dutch Pancake House (Domestic) – Hartlepool – Food and Drink

Double Dutch Pancake House have opened a new 40-cover, two-floor restaurant on Church Street

Helmsley Group (Domestic) – North Yorkshire – Property Investment

The Helmsley Group have added Gateway 1, Holgate Park and Mill House in North Street to its portfolio in a deal worth £6.85m

Mr Ps Tavern (Domestic) – North Yorkshire – Food and Drink

Andrew Pern, Owner of Starr Inn and Starr in the City has opened a new Tapas and Gin restaurant in the centre of York.

Stay City ApartHotels(FDI) – Dublin – Leisure

Leading aparthotel operator Staycity opened its latest six-storey, 197-apartment premises on Paragon Street in York.

June 2016

Azendi (Domestic) – Retail

Award-winning British jewellery brand opened its new store on low Petergate

Rush Hair (Domestic) – Croyden – Retail

Rush Hair opened a new salon in Market Street.

Capita (Domestic) – IT – Capita have acquired York based software company Trustmarque in a £57m deal.

Avacta/Mologic (Domestic) – Leeds/York – Business Investment

Wetherby-based biotechnology business Avacta Group and York based Mologic, a specialist diagnostic development company, have formed a new collaborative partnership.

May 2016

Primark (Domestic) – Dublin/Reading – Retail

Primark has opened a new 100,00sq ft store at Monks Cross shopping park on the edge of the city. Creating xx jobs

Brewtown Tours (Domestic) – Leisure

Brewtown Brewery Tours provide the ultimate experience of brewery tours in Yorkshire

Northminster Ltd (Domestic) – Residential Development

Northminster have started development on a £4.5m residential scheme on the car park of the former Lord Nelson public house, in Walmgate, creating 6 new town houses.

April 2016

Xxx (Domestic) – Residential Development

Xx completed the £7m redevelopment of Holgate Villas to create ‘The Walk’, a new residential offering on Holgate Road.

PJ Livsey (Domestic) – Residential Development

PJ Livsey have completed ‘The residence’ a high spec residential development of Twenty apartments at the Grade 2 listed former Terry’s factory in York.

Oakgate Plc (Domestic) – Mixed Use Development

Oakgate have released plans to develop Stonebow House in the Hungate area of the city. The upper floors will be developed into 20 residential units and there will also be about 31,500 sq ft of retail and leisure space, including shops, cafes and restaurants.

Las Iguanas (Domestic) – Bristol – Food and Drink

LATIN-AMERICAN restaurant Las Iguanas has opened its latest restaurant in York creating 38 jobs.

March 2016

Pavers Shoes (Domestic) – York – Business Investment

International shoe retailer Pavers has been given the green light to double the size of its headquarters in York. The scheme, which features a 3,502m2 warehouse will create 50 new jobs

Lambretta Clothing (Domestic) – London – Retail

Lambretta Clothing opened its first northern shop on the corner of Spuriergate and high Ousegate in the city centre.

Holland and Barret (Domestic) – Nuneaton, Warwickshire – Retail

The Health Food retailer has opened up one of its new flagship stores in York. The second Holland & Barrett ‘More’ concept store has created 10 new jobs.

Empiric Student Property (Domestic) – London – Residential Development

Empiric Student Property has acquired land at Lawrence Street York and entered into a forward funding agreement to build 115 student bedrooms as part of an £11m investment

February 2016

Optibiotix (Domestic) – York – Business Investment

Optibiotix, a LSE listed York business, which develops compounds to tackle obesity, high cholesterol and diabetes has raised £1m in share Capital to further develop its products.

January 2016

Swarovski (Domestic) – Wolverhampton – Retail

The world’s “leading producer of precision-cut crystal” has opened a York store on Coney Street in the City Centre.

Cellhire (Domestic) – York – Business Expansion

Cellhire has acquired a competitor in the online space as it gears up to increase its UK market share. 0044 personnel will be incorporated into Cellhire’s organisational structure and both 0044 and Dataroam will be based at Cellhire’s HQ in York.

Anaplan (FDI) – San Francisco – Business Investment

The software company, which was conceived in a York barn but now has its global headquarters in Silicon Valley, has completed a $90m (£62.56m) funding round and become a UK-founded “unicorn” as a result of its valuation in excess of $1bn.

For further information relating to the Investment Tracker speak to one of our team today

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