Upturn in commercial property development activity strongest since Sept 2014

admin July 14, 2015

According to research published this month, UK commercial developers indicated a further expansion of activity in June. The report by Savills & Markit shows activity up to +22.2% from +18.1% in May, the headline total Commercial Development Activity Index – a net balance monitoring the overall performance of the UK commercial property sector – was at a nine-month high.

Growth of public commercial projects eased, while that for private… read the rest of “Upturn in commercial property development activity strongest since Sept 2014”

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Big demand for Worthing industrial space

admin May 1, 2015

A new commercial property report to be published shortly highlights significant take-up of warehouse and industrial space in Worthing on the South Coast.

The May 2015 update commissioned by South East property consultants Brierley & Coe, near Brighton, reveals that a continued improvement in economic conditions is reflected in a net reduction of available space.

While demand for space remains strong, the modest volume of accommodation leased or… read the rest of “Big demand for Worthing industrial space ”

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Key Worthing development now taking shape

admin April 29, 2015

Phase 1 of plans for a 700 home extension to the Worthing urban area and significant community facilities at West Durrington, Worthing are rapidly taking shape. Infrastructure and ground preparation works for the West Durrington Consortiums  (Bovis, Taylor Wimpy ,Persimmon and Heron LD) scheme are well underway. The project, which has been under discussion for nearly 20 years, is now becoming a reality and will form the largest urban expansion to the town for more… read the rest of “Key Worthing development now taking shape”

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Commercial property outperforms the FTSE 100 and Gilts in Q1 2015

admin April 15, 2015

Total returns on property investments outperformed the FTSE 100 and Gilts throughout the first quarter of 2015 with global real estate firm Colliers International forecasting further yield compression of 30 bps by the end of the year.

Predictions for stronger occupier markets in 2015, especially the office sector, with all-property rental growth up by 4.2%pa, total returns at 13%pa, and capital growth of 7.5%pa. with evidence (in Q1 2015)… read the rest of “Commercial property outperforms the FTSE 100 and Gilts in Q1 2015”

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Proving intention to redevelop

admin April 15, 2015

The Landlord and Tenant Act 1954 provides protection for both landlords and tenants when dealing with lease renewal rights. However, AT WHAT POINT does a landlord of commercial property need to prove his intention to redevelop in order to successfully oppose the renewal of a '54 Act protected lease? Legal experts Taylor Wessing outline a recent case which seeks to deal with this point;

Hough v Greathall Ltd [2015] EWCA Civ 23… read the rest of “Proving intention to redevelop”

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