will have now liaised and acknowledged a settlement figure with your home propel bank for the recovery of your current home advance holder credit and sent to you an exchange deed that they have gotten and checked from your purchaser's sanction conveyancer, which you will need to sign and return when you can. If we wish to protect the rural nature of Buckinghamshire for present and future generations However, we recognise that this calls for a very sensitive approach.
We do not wish to overcrowd our towns and villages nor build on valued spaces within them, such as parks or playing fields. Our focus is to make the best use of land and buildings that have or will become redundant or wasteful in their use of space. All suggestions made will be considered, but like any development they will need to be assessed against normal planning policies before they can be progressed Ken McInnes and Ken Shaw were accepted into the partnership with effect from 1 May 2001 Tim Bunker works in the Professional Group at Ryden's Edinburgh office.
Tim joined Ryden in 1978 to undertake rating appeals, commercial valuation and commercial agency and is also responsible for the co-ordination of all appeals generated under Ryden's four offices in respect of the national Rating Revaluation from April 1st 2000. Ian Dougherty joined Ryden's Glasgow office in 1997 as an Associate in the Investment and Finance Group.
Ian has been involved in a number of significant deals including the Scottish Enterprise Portfolio acquisition for Taylor Woodrow worth £13 million, the acquisition of Caledonian Retail Park, Wishaw for Chester Properties and the acquisition of Guildhall, Queen Street in Glasgow for Equity Partnerships which was worth £22 million.
Ken specialises in office agency, development and valuation and has worked with a number of key clients including Arlington, Dunedin and Royal London Asset Management.
Ken Shaw is based in our Aberdeen office, where he is in charge of the agency team. His responsibilities also include investment work in addition to office and industrial agency. Since qualifying in 1987 he has gained experience in a wide range of disciplines including development, investment, Ryden has just concluded a banner year with a record turnover of £8.5 million and we are looking forward to announcing some major new pieces of business soon.
We are key players in the Scottish office market and annually dispose of over 2.5 million sq ft of office property. JD Sports knows what it takes to win. The sport/fashion retailer has just signed a lease for 5,000 sq ft at Fort Kinnaird, as has French fashion retailer ETAM who has just concluded a lease for a 6,600 sq ft unit. at the end of September 2000 and have subsequently been joined by C&J Clark, Time, Beaverbrooks, H & M Hennes first out of town store in UK of 15,000 sq ft opened at the start of March and Borders opened a 15,000 sq ft unit on 28 April.
In a superb location on the outskirts of Edinburgh with excellent public transport links and directly adjacent to the A1, Fort Kinnaird offers the high quality environment demanded by the fashion retail market. If you are purchasing or offering any sign of private, business, retail or current property then you will need to get a master property settlement conveyancing lawyers
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The centre is hugely popular with customers attracting over 9 million a year which is expected to grow to over 12 million. There are a few opportunities remaining with units from 2,500 sq ft to over 10,000 sq ft potentially available. Total retail floor space in Great Britain now totals almost 1.2bn sq ft (gross), equivalent to 20 sq ft per capita according to CB Hillier Parkers latest Shopping Centre Master List publication.
Shopping centre vacancy rates have dipped below 5%, a record low. Over 50% of reported vacancies are located in less than 10% of shopping centres and are heavily concentrated in the older 1960s/1970s stock. Hence the low overall vacancy rates reported. The higher vacancy rates in the older stock, particularly those of first generation supermarket anchored precincts serving small markets; result in large part from market share shifts in favour of major towns and city centres. Just 75 trading locations nationally now attract over half the population of the country for non-food shopping purposes.
Development activity, and demand for shop space, is heavily concentrated in these same 75 trading locations. Whatever the vacancy levels, the difficult High Street trading conditions of the last few years has forced retail occupiers to look much more closely at stock quality and market size issues. New developments that do not meet both customer and occupier needs will inevitably be very difficult to let regardless of where they are located. Has appointed NAI Gooch Webster to handle a major property acquisition programme within the UK and Europe, Fibber net builds and operates fibre optic networks.
The company, which is based in Basingstoke, is actively involved in a number of business initiatives including the network & unbundling process, which will allow them to Fibernet, whose corporate clients include over 250 of the UK's Top 1000 organisations, is also expanding rapidly into mainland Europe, with 3,300 km fibre optic network already established in Germany. The company is further constructing a 6,800 km fibre network in France, Switzerland and Italy, including 28 regional co-location centres to meet the needs of Service Providers and Enterprise Customers.
NAI Gooch Webster's national and regional teams are acting as consultants in the acquisition, funding and property management programme of both UK and mainland European property.There are different things to consider when acquiring or giving property or wares and in addition cheapest conveyancing melbourne
expense is only one of those individuals’ vital things.
Justin Berry, client manager at NAI Gooch Webster, comments Fibernet selected NAI Gooch Webster in large part because of our ability to offer genuinely comprehensive UK and European coverage, In mainland Europe, NAI Gooch Webster will manage the Company's property acquisition programme through their sister companies in NAI. As well as more co-location facilities, this programme will include acquiring large national HQ premises in both Frankfurt and Paris.
Fibernet is expanding rapidly to meet the future communications needs of its client base, which poses challenges in acquiring the right properties high quality, secure and flexible - to take them forward, says Justin Berry. Due to demands of ensuring that the network remains live, these buildings will have to be very well maintained and managed, and this will be a large part of our ongoing role for Fibernet. The telecoms industry is going through considerable change and Fibernet will remain in the vanguard. A recent rights issue has given the company significant resources to achieve their long-term business goals.
Fletcher King Cosnett Price, acting as joint agents with Taylor & Co, has agreed the letting of the first floor at Hawthorns House to Community Logistics, a charity organisation involved with several projects within the local community. The 4,021 sq ft (373.55 sq m) of office accommodation has been let on a three year lease for a rent of £5.00 per sq ft. Additional leases agreed in Hawthorns House include the letting of the fourth floor which comprises approximately 1,700 sq ft to Geodis United Carriers Plc for a term of three years at a rate of £5.00 per sq ft.
Manpower Plc has let the 1,700 sq ft (157.93 sq m) ground floor unit at £5.00 per sq ft and TRDG Ltd, a local firm of architects has taken 1,022 sq ft (94.94 sq m) on the second floor at £5.00 per sq ft. These agreements leave two areas of available space of 6,000 sq ft (557.4 sq m) and 4,000 sq ft (278.7 sq m), and additional individual offices on the fourth floor providing a total of 3000 sq ft (27.87 sq m).
Clive Anderson presented Ryden with the award for Scottish Industrial Team of the Year - and here's why Ryden's industrial team of 10 is staffed with senior personnel who cover the length and breadth of Scotland. With three partners, we have dedicated industrial teams in Edinburgh, Glasgow and Aberdeen. We field over 350 enquiries per month and take pride in our ability to convert these enquiries in to deals. In 2000, we sold or let over 2.5 million sq ft of industrial floorspace.
The panel were particularly impressed with Ryden's Industrial Property Guide the only guide published by an industrial team in Scotland which has a circulation of 7500 per issue, and the relaunch of Ryden's website With a searchable database for industrial property - the website registers over 3500 hits per month. At Ryden, we work closely with our consultancy group who keep us abreast of market trends through targeted and general economic research on the property marketplace market segments and economic forecasts.
We presently have 1,610,000 sq ft of new stock in various phases of development throughout Scotland. We are delighted to accept this award and enjoy being at the centre of industrial activity in Scotland. The Academic Innovation Centre (AIC) forms a key part of QWest, the 830,000 sq ft development providing a mix of office, research and development space.
The AIC will focus on high-growth businesses within the knowledge/technology transfer arena, which provide synergy with the wide-ranging research activity of the two universities.
Emersons Innovations Ltd (EIL), the joint-venture company of the University of Bristol and the University of Bath, will manage the Centre. EIL's strategic focus is to act as a launch pad for spin-out companies and to attract research into the universities. The AIC will be closely aligned with the Bristol Enterprise Centre (BEC), the University of Bristol's department responsible for interface with industry.
The University of Bristol has an increasing number of active links with industry, holds patents that have been successfully licensed on an international basis, and holds equity in a growing portfolio of companies established to exploit its knowledge base and intellectual property. But one thing that you have to remember is that you should always hire an experienced and licensed conveyancer
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BEC is working to strengthen further the University's industrial links. Initiatives include the extensive Bristol Entrepreneurship Programme and the Bristol Enterprise Network, Which brings together staff, students and partners from industry to transfer knowledge more effectively?
According to CB Hillier Parker's latest research average West End rents fell from & 59.13 to & 58.95 over the last three months the CB Hillier Parker index fell by 0.5% over the period, the first quarterly reduction since mid-1993. This resulted in a slowdown in the annual rate of growth, but at 22% it remains well above the long-term average.
Behind these figures there are some conflicting messages, but the market fundamentals remain positive. The fall in rental values is by no means universal and has focused primarily on the core Mayfair and St James' locations, where the extremely high levels of growth previously reported were driven by a select number of deals.
In less prime locations rental values have remained firm and the rate of growth in Midtown actually accelerated over the quarter to 29% year-on-year, this was due in part to some high quality product being competed for. This reflects continued good demand for space across Central London, a shortage of good quality new space in core locations and the increasing caution of many tenants to occupational costs. Concerns about fallout from the US economy will impact more on the London property market than any reliance on the UK GDP might imply.
Current demand remains healthy, with known requirements standing at around 850,000 sq m. Although this represents a 6% fall from last quarter, demand is still a third higher than it was at the same time last year. With an availability rate of just 3.3%, the West End represents an extremely tight occupational market. Over half of which is already committed to occupiers. Consequently the severe squeeze on space witnessed in the West End over the past year looks set to remain. On this basis tone of the list rental values should remain firm over the medium term.
Rental values are still moving forward albeit much more slowly in many West End and Midtown locations, although there are fewer of the stellar deals that pushed headline rents above £90 psf. Tenants are still willing to pay keen rents to secure good quality space, but are more cautious about paying a premium for a prestigious address.
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provide you special care of first home buyers. Landlords are also conscious of securing good covenants as opposed to simply chasing the highest bidder the highly restricted supply of good quality space in the West End combined with an economy that continues to expand means that the West End remains a strong market.
Looking forward, there is every chance that rental values will continue to rise in less prime locations and that the differential between average and top rents will narrow.
Clerical Medical Investment Management Ltd on behalf of client funds has sold the long leasehold interest in the Asda Superstore, Small Heath, and Birmingham to Fairgate Group Ltd for £21,250,000. The property is located at the Heybarnes Circus Roundabout of the A45 (Coventry Road), approximately one mile to the west of Small heath town centre and two and a half miles east of Birmingham city centre.
The entire property is left to Asda Stores Ltd on a 25 year lease from 21 Janaury 1994 at a current passing rent of £1,500,000 per annum.
CB Hillier Parker represented Clerical Medical whilst Mogan Williams acted for Fairgate.
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Aylesbury based Share plc, parent company of The Share Centre, one of the leading independent low cost share dealing and ISA Managers are taking over the whole of the 26,000 sq. ft first floor of Oxford House, formerly the headquarters of Rothmans International on Oxford Road. The space is air conditioned, with raised floors and is being refurbished by the out-going tenant. The move if designed to cater for the expected expansion of Share over the next few years fuelled by share dealing over the Internet and the growth of all-employee share ownership plans.
Aitcheson Raffety's Hemel Hempstead office advised Share and has also been retained to dispose of their current offices in St. Peters House, Tiring which can provide suites between 2,286 and 4,654 sq. ft on two floors with ample parking and to arrange a sub-let of the available space at Oxford House.
A 15-year lease has been granted of the ground and first floors of the Manchester House building, subject to a rental equating to £16 psf and a 2-month rent-free period. Such was the strength of the demand that we were able to identify two substantial companies both keen to lease the space in question. We are very pleased that Ericsson has relocated part of their operation from Burgess Hill into Brighton. As a result of this and other transactions that we have been involved in, there is now a very severe shortage of availability in the Brighton office market.
Stiles Harold Williams and Knight Frank advised the lessor and Matrix Facilities Management Limited represented Ericsson. Kimberly-Clark have taken 25,000 sq ft of office accommodation from Consignia at Trafalgar Place, the 300,000 sq ft office scheme adjacent to Brighton Railway Station, in the Mocatta House building. A new 15-year sub-lease has been agreed with break options at the fifth and tenth years, at an initial rent of £16.39 psf.
We are delighted to have been able to identify and secure a building for Kimberly-Clark given the limited number of options that were available.
On top of this, we were able to negotiate a six month rent-free period and two break options for Kimberly-Clark. Consignia was represented by Gerald Eve. Kimberly-Clark Limited was advised by Stiles Harold Williams. It is interesting to note that Lyneburn Industrial Estate was owned and occupied by the engineering company TK Valve prior to the closure of that business and the sale to PCM Properties Limited.
The new tenant on Lyneburn Industrial Estate is Thomsons World of Furniture who are the largest furniture retailer in the East of Scotland.Thomsons, based at their flagship store in Dunfermline, also have outlets in Braehead (Glasgow) and have recently opened a new superstore in Dundee. Lyneburn Industrial Estate totals in excess of 11,148 sq m (120,000 sq.ft.) and is now fully let to a total of 9 tenants. In addition to Thomsons World of Furniture, other tenants include Volvo, Valbruna, Harrison Associates and Whites plc.
PCM Properties Limited did not receive any public sector support to purchase, refurbish, sub-divide or market this estate. The property, occupied by Thomsons, extends to 4,227 sq m (45,500 sq.ft.) and comprises warehouse premises with offices and toilets within. Thomsons World of Furniture will utilise the premises as their new central warehousing facility and they have taken a 10 year lease on the building. Hardies, Chartered Surveyors, (Ken Young) acted on behalf of Thomsons World of Furniture Ltd in this transaction.
Warner Estate Holdings PLC has unveiled a new name and a £5 million refurbishment and extension programme for its 18,580 sq m (200,000 sq ft) former Six Acre Shopping Centre in Sale, Greater Manchester. Plans for the centre, which has been rebranded as The Square, Sale, will see the creation of new, larger units as well as new entrances and upgraded public spaces.
The proposed works will be phased over a 24-month period in order to minimise disruption. London-based practice APP Architects has been appointed to design the extension and enhancement. Our intention is to expand and modernise The Square and firmly cement its place at the retail heart of Sale. The extension and enhancement will enable the centre to attract new retailers and improve the retail offer to the town by meeting the space needs of retailers we know have an interest in acquiring units.
In this context, one requires a soliciting conveyancer sydney
to do the job. Sale is already a successful retail destination with a strong convenience shopping draw. Improvements to The Square will increase customer attraction and push the town further upwards in the retail hierarchy.
Warner Estate intends to create 4,800 sq m (51,667 sq ft) of new retail and leisure space along with a redesigned main entrance and better lit public porticos. The proposals also call for the introduction of new street furniture and fixtures to the public spaces. Sale itself has seen considerable interest from retailers including Marks & Spencer which opened at the start of May 2001. Phase I will involve demolishing existing vacant shop buildings on the corner of School Road and The Mall and replacing them with bespoke retail accommodation.
The outdated entrance feature on School Road will also be replaced with a new contemporary glass and steel feature entrance.
Phase II works include combining and extending units in the currently under-utilised eastern end of centre's open air plaza to create larger units for two retail tenants and a leisure operator as well as a more intimate Town Square. In fact many real estate and other property valuation companies
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Access from the 400 space multi-storey car park will be improved with the creation of a new lift and stairwell direct from Town Square. Phase II works also involve the provision of space to relocate the centre's play centre operator Jemily's. Enhancement works to the canopies that overhang the shop fronts will see them undergo re-cladding with a contemporary light-coloured, high quality finish, facing material. Fluorescent lighting presently in the canopy soffits will be replaced by more effective down lighting.
This is wonderful news for The Square and for Sale. Our aim is to revitalise The Square, giving retailers and shoppers yet further reasons to come to town. We plan to phase these works so that we ensure continuity of trade.
With M&S coming to Sale we are confident of the strength of the retail market and we expect our new units to meet current retail requirements for larger units.
NACORE's UK Chapter has announced two new board appointments in the latest Newsletter taking over responsibility for the Chapter programme of events and for education. Susie Gray, BSc, MRICS, and MCR, head of corporate real estate for John Laing plc takes over responsibility for the programme of events as VP Programmes: the first event she is organising is the upcoming UK Chapter meeting to be held at The Ark, Hammersmith on 30th May.