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Royal & Sun Alliance, advised by GVA Grimley, has secured the final letting at Dolphin House, its 4,031 sq m (43,375 sq ft) office building on Windmill Road, Sunbury-on-Thames. Wind energy company NEG-Micon has taken the 640 sq m (6,890 sq ft) third floor for use as its new headquarters. It has signed a new ten-year lease with a break clause after five years, at a rent of £190 per sq m (£17.70 per sq ft). Chesterton represented NEG-Micon.
North West based Morrison Developments Ltd has been chosen as the preferred developer to work in partnership with Rochdale Metropolitan Council and the Rochdale Development Agency to lead the regeneration of Middleton and create a vibrant town centre. They likewise guarantee a smooth and consistent exchange, so why take the bother and weight on yourself when you can accomplish it professionally by procuring a adelaide conveyancing businesses Solicitor in any case.
Plans for the BDP designed Marks & Spencer development at Fenchurch Street in the City of London have received detailed planning permission. In a new venture for M&S, the project will comprise both traditional retail and also speculative offices, resulting in a new building type for the City. Situated opposite Leadenhall Market, the building will comprise 8,000 sq m of retail on four floors including a food hall at lower ground.
The lettings at Dolphin House are a useful indication of the rental growth witnessed along the M3 corridor. We have seen a steady increase in rents since our first deals were tied up at £150 per sq m (£14 per sq ft) last summer and an overall uplift of over 25%. A major £24m regeneration scheme for Middleton town centre, Greater Manchester has been announced today.
Above this will be 9,000 sq m of speculative office space, on five floors. Detailed studies were carried out to define the height and massing in relation to the varied urban setting, both wide scale business streets and a small scale conservation area. It would be a mark of ‘joined up’ Government if the need for such projects was more successfully tied up with the Children’s Fund and the substantial funding that exists through that route.
The £74m, high quality, contemporary scheme is due to be completed in 2001. BDP’s London office is commissioned as architect; Ove Arup & Partners is structural engineer; Oscar Faber is mechanical & electrical engineer and Bruce Shaw Partnership is quantity surveyor. Jon Crossfield and Chris Staveley are joining Jones Lang Wootton’s European Business Team from DTZ Debenham Thorpe.
Conveyancing work and what needs to be done next
Following the recent lettings to Boots and Clintons, Crystal Peaks Shopping Centre. Sheffield, has attracted more retailers to the recently opened West End Extension.
Powerhouse will now have a retail unit in Bicester open for trade before Christmas 1998. Hartnell Taylor Cook, acting jointly with Lambert Smith Hampton, have let Unit 3, providing circa 889.5 sq m (9,575 sq ft) to Powerhouse Retail Limited, by way of a new 25 year full repairing and insuring lease. Powerhouse will join other tenants Homebase, Nevada Bob, A Touch of Pine and Motavation. This latest letting leaves just 570.6 sq m (6,142 sq ft) remaining available. Century Place, Bristol Now 60% let The successful lettings campaign at Argent/Hermes’ Century Place development in Bristol continues with two more lettings having been concluded by joint letting agents Hartnell Taylor Cook and Alder King.
JJB Sports plc has secured 12,000 sq ft on a 15 year lease at a rental of £115,000 per annum with upward only rent reviews.
Sage Group Plc, the accounts software company, has taken 239.49 sq m (22578 sq ft) of accommodation on a 10 year lease at a rental of £28,360 p.a., equating to £11.00 per sq ft. GB Mailing Ltd has aquired 45 5.86 sq m (4,907 sq ft) of first floor offices on a new 10 year lease at a rental of £54,000 per annum, equating to £11.00 per sq ft. Century Place is a prominent office building fronting Newfoundland Street, providing 3,330.50 sq m (35,850 sq ft) of high quality office accommodation. Other tenants in the building include Scottish Widows and ADS Telemarketing. Wilkinsons has taken the anchor store in the extension, totalling 40,139 sq ft on a 15 year lease, a fixed uplift at year 5 and an upward rent review at year ten, rising to 60,000 per annum. JJB Sports plc has secured 12,000 sq ft on a 15 year lease at a rental of £115,000 per annum with upward only rent reviews.
Bewise have also relocated to the new extension and have taken a much larger unit of 7,765 sq ft on a 15 year lease at a rental of £112,000 per annum with upward only reveiws. Commenting on the latest deals, Robert Dawson, Portfolio Manager at Landlords, Hermes, said: We have been delighted with the quality of retailer interest in the new extension and are very close to making announcements on three further units. Conveyancing work is by and large a real exhibit and it might be portrayed as a legal trade of title of a touch of home from one single individual to a further, which is most momentous inside the case of a purchase.
Conveyancing Process – Client’s Satisfaction is our Focus
Monica Blake led the D J Freeman team acting for L’Oreal which included Moira Fraser (planning), Graham Chase (tax) and Tim O’Hara (construction). You don’t lawfully need to captivate a transport, however knowing the ins and outs of property conveyancing melbourne reviews can be hard for the layman.
The building was originally constructed in the 1960s and comprises a 4 storey, selfcontained office building totalling approximately 2,541 sq m (27,350 sq ft).
The building has been substantially refurbished with new roof, windows and entire internal fitout. The extensive refurbishment, which includes 87 car parking spaces, was completed on 30th September. Kvaerner Trollope Colls has been awarded a 30 million office redevelopment contract involving restoration of a massive landmark frontage on the corner of Kingsway and the Aldwych.
‘Dating back to 1915, the existing Portland stone and granite facade is some 100 metres long by 30 metres high.
Broadfield House, owned by Chelsfield Plc, has been let to HM Publishers Holdings Limited, a subsidiary of Macmillan Limited. The initial rental is £353,350 (approx. £12.90 psf) pax with a 4 month rent free period.
The major demolition and reconstruction scheme at St Catherine’s House, former home of births, deaths and marriage registrations, is the latest in the company’s long tradition of preserving some of the capital’s best-loved features. Awarded by Inassist Ltd, the contract involves building the shell and core for a new 22,000 square metre office development with nine storeys plus a basement behind the existing retained frontage.
Having undergone many alterations over the years, it will be partially dismantled, cleaned and restored to its original appearance. Kvaerner Trollope & Colls’ extensive experience on retaining historic facades was a key factor in securing the project. Working on a restricted site facing one of London’s busiest junctions and surrounded by the London School of Economics, Kvaerner Trollope & Colls will be taking special steps to minimise noise and disturbance to neighbouring occupiers.
t will erect four acoustic screens seven storeys high within adjoining lightwells and the rear access area. the screens will remain throughout the demolition and reconstruction phases of the project, due for completion in spring 2000. The 93-week programme includes construction of new piled foundations and basement slab, plus the erection of 1,800 tonnes of structural steel frame linked to the existing facade columns.
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When you’ve taught your settlement agent perth legal advisor, they’ll send you out a starter pack – a basic poll that furnishes a conveyancing attorney with some fundamental data about the property, including; points of interest of any current home loan, some ledger subtle elements and your individual data. In a unique partnership between a local council and private enterprise, Coventry is today announcing the formation of what is said to be the UK’s first joint-venture company to manage an entire city centre. Called City Centre Company (Coventry) Limited, its board comprises members of the local council, local businesses plus representatives from some of the UK’s top property owners and retailers.
The new company will take immediate responsibility for the cleaning, lighting, security, parking, signage, greening and decoration of the City. While respecting City traditions, Liz Millett’s intention is to take a fresh look at the City from all angles. The role of the Company also encompasses cooperation in promoting Coventry as a location for investment by companies relocating or setting up subsidiaries from the UK and abroad.
Says Millett, Active town centre management is very much the buzz phrase around the country at the moment, but we believe we are the first to form this type of city centre partnership. Our prime aim is to bring vitality and prosperity back into the City Centre, to make it a great place to live in, work in and to visit – particularly as a prime shopping venue.
Apart from the City Council, other members of the board include representatives from Prudential Portfolio Managers Limited whose portfolio includes some 22 shopping centres throughout the country, Land Securities, the UK’s largest property investment and development group, Boots The Chamber of Commerce, Coventry & Warwickshire TEC, the vicar of Holy Trinity Church and Euro Travel travel agency.
Today sees the formation of our new company and towards the end of the year, we will be releasing fuller information on both our detailed strategy and plans over the next few years, adds Liz Millett. I have long been impressed by the way Coventry City Council has worked with the police and local businesses to tackle crime and disorder.
I wish this venture every success in providing a safer city centre for local people to use. The strength of retailer confidence in The Telford Shopping Centre continues with the news that JJB Sports Plc is to opena new superstore. The Centre has seen a constant increase in shoppers and owners USS have just completed a new £6 million car park, which brings the total number of car parking spaces at Telfor 3,770.
JJB Sports has taken the assignment of the lease, formerly occupied by Be Wise, and is situated at 43/35 Southwater, close to Holland & Barratt, Game and Abbey National.
Property conveyancing is the process of performing property transaction
Working on a restricted site facing one of London’s busiest junctions and surrounded by the London School of Economics, Kvaerner Trollope & Colls will be taking special steps to minimise noise and disturbance to neighbouring occupiers. It will erect four acoustic screens seven storeys high within adjoining lightwells and the rear access area.
Constructed with scaffolding and steelwork supporting baffle boards of plywood and rockwool, the screens will remain throughout the demolition and reconstruction phases of the project, due for completion in spring 2000. The 93-week programme includes construction of new piled foundations and basement slab, plus the erection of 1,800 tonnes of structural steel frame linked to the existing facade columns.
The contract will deliver approximately £2.5 million of additional income to Chesterton FPM over the period, starting January 1997. As well as winning the facilities management contract for the first further education project under PFI in Scotland.You should appoint the experienced conveyancer for performing the process of property conveyancing which is legal and complex to handle by the people making first time access to this process. This contract is the first of its kind and goes a long way towards demonstrating Chesterton’s commitment and support of the government’s Private Finance Initiative. The 25 year tenure of this contract has been won through our focus on the delivery of life cycle management for our clients’ property assets.
The consortium responsible for the delivery of the new £3.6 million Centre is led by The Gleeson Group and comprises.
• The Bank of Scotland, Canmore Partnership, Noble & Company and Reiach & Hall Architects.
• Chief executive is Coventrian Liz Millett, the former head of corporate strategy at Birmingham Airport.
• Clarendon College in Nottingham and the North West Institute of Further and Higher Education in Londonderry, adds Ken Thomson.
• The Centre will be in the Springkerse area of Stirling in central Scotland and will offer places for up to 400 students studying a number of subjects such as Business, Computer Science, Health Care, Travel Management and Administration, and Tourism.
Solicitors’ advice in Conveyancing process
Jones Lang Wooton acted for Slough Estates and are retained as the letting agents for Centennial Park. Chartered Surveyors Dreweatt Neate advise that business rates could be cut for hundreds of buildings in a poor state of repair following a landmark lands tribunal decision. The recent Benjamin -v- Anston Properties case involved a 1960s office building in Brighton.
David Stubbs, Associate at Dreweatt Neate at their Chippenham office, comments: The ,principles established by this landmark case will have a far reaching effect with financial implications for both ratepayers and the government. The rateable value was set at £1 compared to the original assessment of £272,000. Contact our skilled and highly qualified real estate property conveyancers before buying or selling your property. The Valuation Office claimed that in assessing the rateable value it should be assumed that the property had been repaired before considering the rent. The ratepayer successfully argued that the occupier should be expected to spend only as much as it could benefit from in one year.
Rate payers occupying dilapidated buildings should take professional advice from a Chartered Surveyor on the opportunities for seeking a reduction in their rates bill. Land Securities has fully let its 790 sq m (8,500 sq ft) mixed use redevelopment at 219-223 High Street, Cheltenham. The scheme comprises two shops on ground and first floors with five self-contained flats at second floor level.
Bodycare (Health & Beauty) Ltd has leased 221 High Street, comprising 157 sq m (1,690 sq ft) on the ground floor with 126 sq m (1,358 sq ft) on the first floor on a 15 year lease at a rent of £65,000 p.a. 223 High Street, comprising 153 sq m (1,647 sq ft) on the ground floor with 148 sq m (1,593 sq ft) on the first floor has been let to outdoor clothing and equipment retailer, The Trekkit Company Ltd, on a 15 year lease at an average rent of £64,900 p.a.
The five residential units totalling 229 sq m (2,464 sq ft) have been let on a new 30-year lease to Sovereign Housing Association who will use the appartments for a private rented housing project. Land Securities was represented by King Sturge & Co and Nicholas J Upton & Partners and by Simon Pontifex & Associates on the residential element.
Conveyancing Process and property Solicitors
JJB Sports represented themselves and Be Wise were advised by Johnson Fellows. Other recent letting have been to Game and Paco and existing tenants such as Thorntons are expanding into larger units. The catering operator Sidoli’s are currently refurbishing, and upgrading their unit. Guy Williams at USS says We are delighted to welcome JJB Sports to The Telford Shopping Centre. Football figures at Telford are already up on 10% from last year and with the arrival of JJB Sports we are confident this figure will continue to increase. Our settlement agents or conveyancers help you in all the matters related to property Conveyancing works.
The single level covered shopping centre extends to over 50 acres and constitutes Telford’s principle town centre retailing. Other facilities at Telford include a créche, an award winning parent room and a shopmobility centre. DTZ Debenham Thorpe advised USS as letting agents for the scheme. The Contractual Role of Construction Programmes is available by ringing the CIOB on 01344 630737 and costs £20. Slough Estates has agreed the letting of the first unit in the initial phase of its new business park development at Centennial Park in EIstree, Hertfordshire.
Commenting on the letting, John Heawood, Slough Estates’ UK Development & Leasing Director said: 1 am delighted that we have secured such an important letting at this early stage in the construction programme.This is the latest of the Occasional Papers published by the CIOB which provide an outlet for innovation and new practice in construction.
Blitz, a film and media company which is a subsidiary. of Visual Action, is to acquire 100 Centennial Park, a 3,217 sq m (34.630 sq ft) warehouse/production unit with 25% office content. The unit not scheduled for completion until May 1998, is the largest individual property in the first phase and represents 30% of the development.
It is particularly gratifying that our first occupier, Blitz, should have its background in the film and media industry which has traditionally such an important role in the economy of the surrounding region. Visual Action, which has acquired a 25 year lease on the property, at an initial rent of £86.11 sq m (£8 per sq ft, was advised by DTZ Debenham Thorpe and Lambeth Smith Hampton.