Cuts Needed to Government Red Tape

  A recent report from the Public Accounts Committee has slammed the government for being too slow in making vacant properties available to small businesses and has said that they should “get on with selling buildings, rather than holding on in the hope of a future rise in property prices”. The Estates Gazette reported recently […]

Norwegian Sovereign Wealth Fund Invest in Regent Street

According to the SWF Institute, the Norwegian Government Pension Fund – Global is the second largest sovereign wealth fund in the world. Established 20 years ago, the fund is currently holds assets worth approximately $510 billion. Sovereign wealth funds are controlled by the government and are common in nations which rely on a large percentage […]

Considering an SDLT Avoidance Scheme?

The Estates Gazette recently published an article by solicitor Tom Hubbard of Hill Dickinson on some issues associated with Stamp Duty Land Tax (SDLT) avoidance schemes. We have outlined some of the main points from the article below.  What is SDLT? SDLT was introduced from December 1st 2003, designed to replace stamp duty for most […]

Derwent London Re-enters Commercial Property Market

Property group Derwent London has re-enetered the commercial property market for the first time in three years with the £147m acquisition of an office building on London’s Tottenham Court Road. The  FTSE 250 company bought Central Cross from Glebe Holdings, a property group backed by HBOS’s investment arm, Bank of Scotland Corporate, as a cornerstone […]

Investment Banks Look to Capitalise on UK Lending Market

  Many of the world’s leading investment banks are examining re-entering the UK property lending market, to take advantage of the best and growing number of deals. Whilst Deutsche Bank has already begun to finance new deals, other big names such as Morgan Stanley and Societe Generale are looking at beginning lending again.  Societe Generale […]

Increasing Prime Commercial Property Prices Are Unsustainable

Two of the property industry’s leading figures have expressed concern over rapidly rising commercial property prices. London and Stamford’s Raymond Mould and Patrick Vaughn have warned that increasing prices are unsustainable.  Mould said that “in each of my statements over the past 12 months, I have advised caution in the face of a difficult outlook […]

What To Expect On Returns For Commercial Property Investment

As investors return to the market after being inactive throughout the recession, it can be difficult to gauge what a good return on an investment may be. Yields on commercial investments have dropped in all categories from 12 months ago. Sellers continue to outnumber buyers who are keen to purchase properties with reliable occupiers, since new or […]

Commercial Investors Look For Safe Bets At Auction

Recent auctions have shown the high demand for safe investments in the commercial property market. At last week’s Allsop auction, Enterprise Inns’s properties sold quickly and much higher than expected. Of the nine public houses Enterprise sold last week, only two were sold within the guide price. The other seven were sold over what auctioneers […]

Pub Companies Unload Portfolios

There was an interesting series of articles in the Campaign for Real Ale’s monthly newsletter, ‘What’s Brewing.’ Admiral Taverns pub company has put up 150 pubs for sale, most of them as freeholds, through Christie’s. Admiral has suffered like many pub companies by lower pub going and increased beer taxes. Admiral’s choice to sell the […]

British Land Plans To Build New HQ For UBS

Commercial property landlord British Land is to develop a £300m headquarters for Swiss bank UBS in the City of London, in partnership with private equity house Blackstone. Bluebutton Properties, the property company’s joint venture with private-equity house Blackstone, has entered into exclusive, though not yet binding, heads of terms to construct a new building for […]