Indeed, the importance of our rural economy is reflected throughout this document, recognising that rural and urban issues should not be put in separate silos. We are a leading Region in Europe for knowledge based business, yet we are arguably, with London, also the cultural heart of the country and one of our main assets is the quality of our natural and built environment. In the first RES we said that the South East had a £108 billion economy. Currently, that figure is closer to £130 billion.
We are undoubtedly the locomotive of the UK economy. In 1999-2000 this Region made a net contribution of £17 billion to the Exchequer – far more than any other UK Region including London. We must not talk this Region down. Yes, we do have problems but they are largely problems of success. There is major need for the conveyancers to hire and tell them to do the whole process which is involved in doing the conveyancing process. The important step that is necessary for the conveyancer to follow in the Australian Real Estate conveyancing sydney process is to do the property transaction process.
Yes, we do have severely deprived communities with individuals that suffer more than their counterparts elsewhere as a consequence of being poor within a generally wealthy Region. But the scale of deprivation need not daunt us – through concerted action we can tackle it. Looked at another way, our deprived communities are an under-utilised economic resource as well as an unacceptable social ill In my introduction to the first RES, I said that as a country we had failed to invest in an adequate transport infrastructure. Chronic congestion at peak times on both road and rail restricts the sustainable growth potential of our businesses; damages our environment; and adds to the problems of our already disadvantaged communities.
The property transaction process is really tough and needs the special handling by the experienced conveyancers of the real estate field. The process involves doing the major and important steps that is doing the legal titles transformation of the property from one person to another person. We identified the key investments needed and there has been some progress. The Government’s 10 Year Transport Plan in theory reflects a substantial increase in transport investment in the Region with many of the priorities the RES identified included. But where is the delivery? So much is now tied up in the long-grass of study after study and then dependent on uncertain private sector investment.
Improving rental growth and lower (post election) long term gilt yields (7% now compared to 7.7% at the end of April) have improved property investment demand, lowered yields slightly and pushed up returns, much as predicted in our recent bulletins. The IPD all property return rose to 12.2% pa in June from 10.7% pa in March. Over the last three months the annualised return was higher still at 14.8%. The major steps of Act Conveyancing Sydney is when people want to buy or sell their house and when the person hires the expert conveyancer then from that time they will give all the responsibility of their conveyancing process to their hired conveyancer to do on behalf of them.
Grimley’s latest forecasts for rental growth and investment returns in 1997 and 1998 have increased slightly from their last forecast. Having regained possession of the former banking hall over the lower three floors of the property and the first floor offices from First Union Bank earlier in the year, the accommodation is under offer to a leading restaurant group who are planning an exciting new concept due to open In early 1998. The remaining office space over the entire first floor measures approximately 4,287 sq.ft (398 sq m) and has been comprehensively refurbished with four pipe fan coil air conditioning and raised flooring. Access to this floor is gained via an enlarged and completely re-fitted entrance hall at 3 Bishopsgate.
Agents Nelson Bakewell and Healey & Baker are instructed and are quoting a rent of Â£37.50 per sq.ft. Fuller Peiser, acting on behalf of The Racquets and Healthtrack Club, has successfully acquired the former BT training depot on Cranmore Boulevard, Solihull from BT Group Properties. Conveyancer then start managing each and every step which is important and required in the conveyancing process to perform and face simplified process. And then the whole process will be performed by conveyancer to avoid any types of interruption in the process.
The purchase price was roughly equivalent to industrial land values in this part of Solihull which are currently between Â£300,000 and Â£350,000 per acre. Work on a state-of-the-art healthclub and tennis complex is due to start immediately on the 7.5 acre Solihull site, the fifth purchased in the last two years by Healthtrack who currently operate clubs in Weybridge and Chester, one of the largest clubs in Europe. A further two clubs are under construction in Ealing and Nottingham.
I feel that the city is now adequately supplied with commercial health clubs particularly with the new David Lloyd Leisure club at Port Solent. Fitness First’s acquisition manager, Chris Bevan comments: We are delighted to have now secured a site in Portsmouth. Other sites were simply too remote or too expensive to trade successfully as a health club. We are very much looking forward to trading at the Pompey Centre later this year. New Bristol head of office for national property consultants National property consultant, NAI Gooch Webster, has appointed one of Bristol s most experienced development surveyors, Philip Harcourt, to head up their West and Wales operation.
He joins the company from Lambert Smith Hampton, where he specialised in development within all sectors, as well as motor trade property. He was involved in the launch of Cabot Park and responsible for the initial major deals, which helped establish it as a strategic distribution and industrial location. My role here will be to expand our business base, says Philip Harcourt, which will mean building our team to a size and offering a range of services which reflects our national position advising some of the UK’s best known companies.
It s a fascinating time for the property sector, he says, as many of the old ‘divide-lines’ have been taken away. Change of use and mixed use developments are now the order of the day, as Bristol turns itself into a modern, 24 hour, European city. Developments such as the Broadmead extension and Harbourside will open up new areas of the city for prime development, in the same way as Temple Quay has done offering enormous potential to developers and investors in Bristol.
As someone who has been closely involved in the automotive and motor trade sectors, he also points to major changes in the national new and used motor franchising structures, creating potential development opportunities within the region. The way people buy and sell cars is changing, he says, and this will lead to some business restructuring and consolidation leaving some prime roadside and town centre property in the city available for other uses. A prime example of these changes is his involvement over the last three years in relocating Kingsmead Motors Ford dealership from its City centre location in Bath to be replaced by a new leisure complex, incorporating cinema, health & fitness and restaurants. Click here for details : Metrospective LLC conveyancer melbourne cbd
Having sold Vermont House, Ashtenne believes the move to Gateshead will enable the team to continue to develop whilst being in the best position to exploit the opportunities that the Saltmeadows site provides. Ashtenne announced a mould-breaking form of sale and leaseback deal with Rolls-Royce plc in relation to the site, in August of this year. BCSC (Glasgow) – The British Council of Shopping Centres plans to drive and direct changes in the retail property industry and has set up several task forces in order to focus on the shifting relationships between various parties.
The redbrick Edwardian building has high ceilings, grand staircases and ornate ceramic and marble interiors, providing the opportunity for elegant communal areas and spacious homes. The building is situated in the centre of Brighton close to both Brighton Railway Station and the waterfront. Great Portland Estates P.L.C. (GPE) marked the anniversary of its acquisition of the 15,236 sq m (164,000 sq ft) Quedam Centre, Yeovil, by completing the freehold purchase of 35 Middle Street from Imperial Tobacco Pension Trustees Ltd for £490,000. The property extends to 254 sq m (2,731 sq ft), and is let at a rent of £39,200 pa, reflecting a net equivalent yield of 7.63%.
Following the purchase of 29 Middle Street earlier in the year for £690,000, GPE’s most recent acquisition goes some way to completing the block of properties linking Middle Street and the Quedam Centre, aimed at securing the potential for longer term flexibility for improving the entrance and adjacent retail. In addition, GPE is currently investing £1m in a refurbishment of the Centre’s car park to include a pay on foot system, new floor finishes, lighting, CCTV, and security measures. The Enact Settlement Agents Perth helps to buy or sell the property and make the process complete with smooth steps that are performed by the conveyancers.
Following this renovation it will achieve the AA Secure Car Park Award. GPE acquired the Quedam Centre, Somerset’s biggest shopping centre, from Standard Life for circa £37.8 million. In the last year GPE has invested a further £2m in Yeovil, which is reflected in Zone A rents at the shopping centre growing by 10%. Donaldson (Bristol) acted for GPE and DTZ Debenham Tie Leung acted for the vendor. Comments BCSC President Francis Ives:
The deal provides Ashtenne with substantial vacant lettable office and industrial space in addition to the space leased back by Rolls-Royce plc. Morgan Jones, Joint Chief Executive, Ashtenne commented: We are strongly committed to the North East market, where we believe there are significant market opportunities. The relocation of our office to Gateshead gives us a central location for the team to operate from whilst being on-site to drive Saltmeadows Road forward.
The appointment of Ross strengthens what is already a highly qualified and successful team. Furthermore, it consolidates our position as a key player in the Thames Valley office and industrial market, providing us with the resources and ability to increase our momentum in this sector. Barclays Bank PLC has assigned its lease at 49 Grosvenor Street in Mayfair, London W1 to Phillips Son & Neale, a subsidiary of LVMH Moet Hennessey Louis Vuitton.
The 941.5 sq m (10,135 sq ft) period offices, which are arranged on six floors, have been taken for the remainder of the lease which expires in September 2007, with a tenant-only break option in 2002. There is a passing rent of £347,600 pa, which equates to 369.20 per sq m (£34.30 per sq ft), and a small premium was paid. Phillips will use the building, which includes car-parking facilities, as its UK headquarters. Weatherall Green & Smith acted for Barclays, while Noble Harris Partnership acted for Phillips.
When you feel that it is not possible for you to handle the whole process then in that case you should go for making an appointment for an experienced conveyancer and after appointing that conveyancer just make sure that he has the experience in handling and managing the Find a Property in France conveyancing melbourne reviews. Ashtenne Holdings plc (Ashtenne), the quoted industrial property specialist is moving its North East office to Baltic Business Centre, Saltmeadows Road in Gateshead. Ashtenne&s North East team is moving from Vermont House, Concord, Washington, a building which has been substantially let and now profitably sold by the North East team.
In a second deal, IDPII has acquired a 7-acre former Powergen depot in the Lodge Farm industrial area of Northampton for £1.825m. The io Group will submit a planning application for a 120,000 sq ft io Centre with an investment value of £8.5 million. Finally, in a third deal, IDP 11 has acquired an 11 acre site in River Road, Barking from Jewson for £4.4m.
The io Group will put in a two phase planning application later this year for a 220,000-sq-ft io centre, with an end value of £8m. Peter James, head of io Developments, The io Group’s specialist development arm, said: We have £105 million of equity to invest on 4 million sq ft of developments . Enact Conveyancing Adelaide process is easy and effective to perform and for that reason you have to appoint a licensed conveyancer who will deal with each and every step of your property conveyancing process.
The site currently benefits from income from the remaining tenants, three of whom have expressed an interest in purchasing their present units. This provides an opportunity for The io Group to use its expertise in asset management by separating off part of the site for sale for owner occupation. James Cushing, head of business space says: & . Commenting on the move Ross adds: I am delighted to be joining one of the leading firms in the Thames Valley area at such an exciting time for this sector of the business.
The io Group is also in detailed discussions on four further site acquisitions for IDPII. Ross, 24, joins Vail Williams as a negotiator and will be working alongside James Cushing and David Bowen focusing on offices and industrial properties in the Thames Valley including 210 Winnersh Triangle & 5,926 sq m (63,788 sq ft) on Winnersh Triangle business park. Where he spent his sandwich year whilst studying Urban Estate Management at Kingston University. In his spare time Ross is a drummer in the Portsmouth-based band Chaser who play modern rock.
Baring, Houston & Saunders (B,H&S), the property advisory arm of the ING Group, and Marchmont Ltd are pleased to announce the successful letting of Integra 2, the second phase of an award winning office development in Egham, Surrey. The new phase has been successfully let in whole, prior to completion in December 2000, to Hyperion Solutions (UK) plc. This is on a new 20 year lease with a break in 15 years, at a rental of £33.25 psf.
Integra is a joint development by B,H&S and Marchmont Ltd. The 39,000 sq ft first phase was let to BMC Software in 1999 and won the Best Town Centre/Suburban Development Category in the 1999 Development of the Year Awards.Integra 2 is a 46,000 sq ft headquarters building built to high specifications with large floor plates, providing fully flexible column free accommodation and excellent carparking and transport links.
It shows that the combination of good modern office design and location is a strong attraction. It also clearly demonstrates that Egham stands on its own as a prime M25 office location.’ These are the first acquisitions for the partnership which was launched in August 2000 to give institutional investors geographically spread exposure. The scheme, close to Stratford station and the proposed Channel Tunnel Rail Link, will be the first development in the London Borough of Newham’s “Arc of Opportunity” regeneration initiative.
IDPII has agreed to purchase a 17.5 acre brownfield site in Carpenters Road, Stratford, E15, from the Worshipful Company of Carpenters for a £13 million mixed use development including a 180,000-sq-ft io centre on around 9 acres and up to 8 acres of residential development. Thusly you are guaranteed of smooth and solid exchange in your title exchange. Continuously see to it that you make the best utilization of your insight in Conveyancing.
The area within which property value change is expected to be manifest needs to be identified . In the Croydon study, a 1 km corridor either side of the tram stops was taken tramlink and the degree of accessibility improvement involved the increased number of attributes would enable the data to be analysed without the need for correcting for spatial bias in the time slices needed using the HMLR data, to compare like with like.
Unless a full breakdown is listed on the invoice of costs involved the full net amount is used as CIS value This approach is likely to be fully adopted by the trustees, as the nature of the contracts is all encompassing. Tax Depreciation is the disaster in estimation of a venture property over the long term in view of wear and tear, physical rot and age.
If it is a reduction, to what would you attribute the improvement Owing to the fact that the majority of our developments only started within the year, comparatives are not relevant I would attribute the improvement to sub-contractors having had more practice at completing vouchers. Initially most of our CIS6 holders asked [X] to help them complete their CIS24’s – this suited [X] as it helped to minimise the reconciliation problems.
It is also possible that the effects of Tramlink on property values have not had sufficient time to work through This analysis has spanned a period of only four years, including a period of just two years since the opening of the system So there may therefore be a need to repeat this analysis, in say five years time, to fully assess the effects of Tramlink. 18.2% of responses indicate that a very small proportion of sub-contractors accept their contractors approach to CIS as a practical solution.
Do you as a matter of policy now prefer to favour CIS5 Certificate holders when placing new contracts in order to reduce the administrative burden of CIS. You have instructed site representations to carry out local inspections. You have developed a database of regular CIS6 sub-contractors and no longer need to re-inspect their certificates at the start of each new contract.
In general the survey respondents who did not report a difficulty travelling, provided that this was through a combination of developing a database of regular CIS6 , the four members who apparently accept photocopies are not operating the scheme correctly. Timing and suppliers not filling in vouchers.