(Public Pack)Agenda Document for City Plans Panel, 06/10/2016 13:30
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Business Outlook 2016
02 | The Future of Business Revealed. UK OFFICES BIRMINGHAM BRISTOL CARDIFF EDINBURGH EXETER GLASGOW IPSWICH LONDON - HEAD OFFICE LEEDS MAIDSTONE MANCHESTER NEWCASTLE NOTTINGHAM READING WINCHESTER INTERNATIONAL OFFICES LONDON AIX EN PROVENCE BArcELONA BERLIN BORDEAUX DUBLIN FRANKFURT HELSINKI LYON MADRID MUNICH PARIS RENNES STOCKHOLM VIENNA WARSAW 04 | The Future of Business Revealed. “In its 80th anniversary year, the team at Christie & Co enjoyed a successful 2015 and continued to share the work, difficulties and triumphs, for, with and on behalf of our clients, adhering to our founders’ simple ethos of promoting our clients’ interests first and foremost.” David Rugg, Chairman Many of our predictions from last year’s Business Value uptick Outlook have come to pass. Relatively subdued volumes coming to the market in 2015 created a With the exception of the Care sector, values scarcity of assets that further fuelled price growth, have largely recovered to pre-recession levels. while continued low interest rates and an improved Encouragingly, merger and acquisition activity has lending environment created an appetite to acquire. been evenly spread across all our business sectors. This disparity between supply and demand looks set This is one key differentiator between 2015 and 2014, to continue in 2016. when the Hotel market was hectic but other sectors weren’t to the same extent. We expect the value of Low volumes businesses across the medium term to continue to rise and outstrip pre-recession levels, in line with any In the business retail market, Christie & Co experienced increase in their profitability. continued ‘business blocking’ during 2015. Interest receivable on deposits is at an all-time low and The changing buy-to-let environment many private business owners are simply staying put. -
Magazine Making Sense of Property Investment
Magazine Making sense of property investment SET YOURSELF UP FOR propertyhub.net SUCCESS How to smash your goals in 2020 Issue 20 January 2020 | £5 CREDITS Directors: Rob Dix, Rob Bence Editor: Chantelle Dietz Designer: Richard Honey Writers and contributors: Jessica Barton, Jessica Bootland, Dave Cookson, Neil Cumins, John Fitzsimons, Jagrup Lewis, Emma Lunn, Leah Milner, Nicole Pearson, Natalie Thomas, Rob Bence, Rob Dix CONTACT DETAILS Subscribe to Property Hub Magazine: propertyhub.net/magazine Change of address or other subscription queries: [email protected] Reader feedback, comments or questions: [email protected] twitter.com/propertyhubuk instagram.com/propertyhubuk facebook.com/propertyhubuk youtube.com/propertyhubuk DISCLAIMER The content of this magazine is for informational purposes only, and should not be taken as strict advice or actual recommendation for readers to invest in property without doing their own independent research. Property Hub Magazine assumes no liability for inaccurate, delayed or incomplete information, nor for any action taken as a result of reliance upon this information. Copyright © 2020 Property Hub Magazine. 08 17 26 30 SPORTS STAR DREAM IT, DO IT SHORT-TERM LETS: STEERING A NEW INVESTORS This is your year to make THE LOWDOWN COURSE Who needs a professional things happen Hold fire on that Airbnb Wes and Nicki don’t sports career when ad and read this first regret ditching their day you can be a property jobs investor? 05 07 12 22 MARKET FOCUS INSIDE THE HUB LOCATION FOCUS CASE STUDY Must-read market news Your regular round up of Leeds has one of the Prithviraj is a doctor by to keep you in the loop what team Property Hub UK’s most exciting rental day, landlord by night has been up to markets right now 34 36 38 42 TAX FINANCE CASE STUDY PROPERTY GEEK Your guide to VAT and Dave Cookson predicts Student investor Jacob SPEAKS property this year’s mortgage has everything mapped Rob D talks reservation market trends out agreements and being bored 44 47 48 49 CONTENTS HOW TO… DEALS & ASK ROB & ROB TOP FIVE.. -
To Let Quality Refurbished Office Suites From
O LET T SQ FT 8,000 MERRION WAY / LEEDS TO LET QUALITY REFURBISHED OFFICE SUITES FROM 1,000 - 24,000 SQ FT ENTER HOME DESCRIPTION SPECIFICATION REFURBISHED RECEPTION LOCATION COMMUNICATIONS ARENA QUARTER LEEDS ACCOMMODATION A NEW ARENA FOR YOUR BUSINESS FURTHER INFORMATION Arena Point is recognised as enjoying one of the most elevated positions on the Leeds skyline making it one of the most striking and visible office buildings in Leeds city centre. The building has undergone a comprehensive external refurbishment and will now be refurbished internally to provide fabulous open plan floors with great views across the city. HIGH SPECIFICATION FULLY REFURBISHED OFFICES Internally the offices will undergo a comprehensive and modern HOME refurbishment to the following specification:- DESCRIPTION SPECIFICATION • New suspended ceilings, carpets, wall finishes and decorations REFURBISHED RECEPTION • New hardwood doors LOCATION • LED lighting COMMUNICATIONS • New comfort cooling ARENA QUARTER • New perimeter trunking • Free WIFI in reception LEEDS • New shower and high quality changing facilities ACCOMMODATION • Four high speed lifts serving all floors FURTHER INFORMATION • Secure underground parking • Male, female and disabled WC facilities • DDA compliant • Aluminium framed double glazed windows • Secure cycle storage • On site commissionaire • Dedicated outside seating area/garden HOME DESCRIPTION SPECIFICATION REFURBISHED RECEPTION LOCATION COMMUNICATIONS ARENA QUARTER LEEDS ACCOMMODATION FURTHER INFORMATION CITY CENTRE LOOP ROAD LOCATION A58(M) P CAPITA Arena Point overlooks the spectacular • First Direct Arena, at the heart of the FIRST ET E vibrant new Arena Quarter. The Arena YORKSHIRE B T Quarter not only offers world class ME S 02 ACADEMY RR H music and entertainment, but great ION T T LEEDS W S AY R B O T retail too at the established Merrion U • • N P N R T L LEEDS CITY COUNCIL E E • Centre Eand St John’s shopping centres. -
Manchester Crane Survey 2016 Construction Activity Boost
Manchester Crane Survey 2016 Construction activity boost January 2016 Contents The report 1 Key findings 2 Manchester snapshot 5 Crane Survey results 7 Residential 8 Office 10 Hotel, Leisure and Retail 13 Education and Research Facilities 16 Conclusions 17 Development table 18 Contacts 23 The report What? A report that measures the volume of development taking place across central Manchester and its impact. Property types include residential, office, leisure, hotels, education and research facilities. Where? Central Manchester including parts of the Northern Fringe and Southern Arc. Who? Developers building new schemes or undertaking significant refurbishments of the following: Size minimum = office 10,000 sq. ft, retail 10,000 sq ft, residential 25 units, education, leisure and hotel schemes – significant scheme for inclusion. When? Our research for this Crane Survey was undertaken between 1 November 2015 to 8 January 2016. How? Our in-house real estate team in Manchester have monitored office construction across the city. Our field research is then verified with direct industry links and in-house property experts. Manchester Crane Survey 2016 1 Key findings 2 Key findings In the midst of a politically-contested nationwide housing shortage debate, a year on from Manchester’s Devolution Agreement in November 2014 and a growing emphasis from central government on the strength of the Northern Powerhouse, we take a look at how Manchester is continuing to shape possibilities for local government by leading by example. We’ve analysed the data to provide an in-depth analysis into the perceived signs of economic recovery in the City Region to see whether the level of growth has been sustained and if the Northern Powerhouse, coupled with the government’s acknowledgement of the demand for new housing, is driving delivery on the ground. -
Place North West Question Time: Manchester's New
PLACE NORTH WEST QUESTION TIME: MANCHESTER’S NEW AGENDA 30 OCTOBER 2019 | THE LOWRY HOTEL Welcome to the event opportunity of the year With a new decade approaching, Manchester faces a pivotal moment in its history as it moves from regional hub to international destination. Home to Amazon, record population growth, unprecedented expansion - how is the city adapting to this radical time of change and can it seize all the oppor- tunities that lie ahead and create a world class place that people love to live and work in? This special one-off event will draw on what has brought Manchester to the fore over recent years and shine a light on how our city can build on its successes and drive a new agenda for growth. In a first for the region, Manchester City Council chief executive Joanne Roney, leader Richard Leese, Mayor of Greater Manchester Andy Burnham, and chief executive of the Greater Manchester Combined Authority Eamonn Boylan will be brought together on the same stage. This is an open forum for Manchester’s most influential stakeholders to ask the burning questions of our city leaders and help build a roadmap for future growth. Event Timetable 6pm Champagne drinks reception 7pm Question Time style panel, chaired by Place North West editor, Jessica Middleton Pugh, with ongoing active audience Q+A 8.30pm Networking Drinks 9.30pm Close Speakers Joanne Roney, Richard Leese, Eamonn Boylan, Andy Burnham Format Select interviews with key city leaders followed by a Question Time-style discussion on key issues facing the city. Audience participation will be key on driving the evening’s agenda. -
Prime Freehold Investment for Sale on Prominent Corner Position Investment Highlights
Prime Freehold Investment For Sale On Prominent Corner Position Investment Highlights • Prominently located, at the heart of • 80 Clerkenwell Road is held Freehold and Farringdon, on the corner of Clerkenwell has the benefit of a long lease over part Road and St John Street. of 82 Clerkenwell Road expiring 19th January 2999 at a peppercorn rent. • Excellent transport connectivity which will be further enhanced when the • Multi let to five tenants producing a Elizabeth Line (Crossrail) opens at the total passing rent of £914,524.50 /A end of 2018 at Farringdon Station (£73.83 /Ft²). approximately 320 metres to the south west of the property. • Provides a weighted average unexpired lease term of 8.37 years to lease expiries • A Ben Adams Architects designed (5.63 years to break). office and showroom redevelopment completed to an exceptional standard • Offers are invited in excess of in 2017, resulting in a “Very Good” £15,950,000 (£1,287.64 /Ft²), subject BREEAM assessment. to contract and exclusive of VAT. • 12,387 Ft² (1,150.7 M2) mixed • This reflects a net initial yield of 5.37% 01 use building comprising 4,057 Ft² (assuming acquisition costs of 6.73%). (376.9. M2) highly sought after showroom accommodation at ground and lower ground floors and 8,330 Ft² (773.9 M2) of new office accommodation arranged over the 1st to 5th floors. London No.1 Financial Centre ahead of New York and Hong Kong in the £13.8 Z/Yen Index 2017 BILLION INVESTED IN LONDON TECH COMPANIES % Over the past five years London has benefited from more tech investment 70 -
Stockport Market & Market Place
STOCKPORT MARKET & MARKET PLACE Market Analysis & Strategy CBRE Report December 2016 CONTENTS 1. Introduction .............................................................................. 2 2. Executive Summary ................................................................... 3 3. National & Greater Manchester Trends in Market Provision ...... 7 4. How other local authorities and market providers have managed their assets? ............................................................ 18 5. Consideration of the benefits and disadvantages of a food based offer, similar to that operating in Altrincham ................ 22 6. What a successful General Goods market would comprise? .... 26 7. How & where such a market might be provided within the town centre............................................................................. 29 8. The impact on the town centre offer as a whole ...................... 38 APPENDICES A. Project Brief ............................................................................ 41 B. Decisions Required & Next Steps ............................................. 42 CBRE | STOCKPORT MARKET & MARKET PLACE Introduction CBRE have been instructed by Stockport Metropolitan Borough Council (SMBC) to provide an independent report on the existing market in Stockport, currently based in the Market Hall and Produce Hall. The aim of the report is to specifically address the issue of the relocation of the general goods market and impact this would have on the wider Town Centre. In October 2015, the general goods market -
London Office Crane Survey Gearing up for the Next Phase of Construction
London Office Crane Survey Gearing up for the next phase of construction GO Summer 2014 London Office Crane Survey Gearing up for the next phase of construction Report overview Key findings WHAT? Submarket snapshots A report that measures the volume and impact of office development taking place across central London over the next five years Crane Survey results Market context Outlook WHERE? Central London, covering seven key office submarkets: City, Docklands, King’s Cross, Midtown, Paddington, Southbank and West End Development table WHO? Developers that are building new offices or undertaking significant refurbishments of 10,000 sq ft or more WHEN? This survey covers the six months to 31st March 2014. All data is correct as at 31st March 2014 HOW? A team of researchers have walked every street in central London to monitor office construction. Our field research is then verified with direct industry links and in-house property experts London Office Crane Survey Gearing up for the next phase of construction Key findings Key findings Submarket snapshots Crane Survey results Market context Outlook Development table London Office Crane Survey Gearing up for the next phase of construction Key findings CRANE SURVEY RESULTS Key findings Office construction is down This survey Submarket snapshots 5% over the past six months has recorded to 9.2 million sq ft 15 new starts; Crane Survey results lowest number 45% of the space since 2010 under construction is already let Market context The West End and 2014 will see a Outlook There was just Midtown are the -
Part 1 ABBOTT, Diane (Hackney North and Stoke Newington)
Part 1 ABBOTT, Diane (Hackney North and Stoke Newington) 2. Remunerated employment, office, profession etc Articles written for The Guardian. Address: Guardian News & Media, Kings Place, 90 York Way, London N1 9GU. Payments from Places for People Individual Support, 4 the Pavilions, Portway, Preston PR2 2YB: 18 February 2013, payment of £1,500 as second part of fee for speaking at ‘Places for People’ Annual Conference. Hours: 8 hrs. (Registered 18 February 2013) January 2013, fee of £600 for taking part in BBC Two University Challenge TV programme. Address of payer: Granada ITV Studios, 4th Floor, Manchester M60 9EA. Hours: 4 hrs. (Registered 4 February 2013) 18 May 2013, fee of £1,000 as VIP guest speaker at Manchester Metropolitan University Education Conference. Address of payer: Manchester Metropolitan University, All Saints Building, Oxford Road, Manchester M15 6 BH. Hours: 8 hrs. (Registered 21 May 2013) 5 June 2013, fee of £500 as guest on 10 O’Clock Live Series 3. Address of payer: Endemol UK, Shepherds Building Central, Charecroft Way, London W14 OEE. Hours: 5 hrs. (Registered 5 June 2013) Payments from MRL Public Sector Consultants, Pepple House, 8 Broad Street, Great Cambourne, Cambridge CB23 6HJ: 17 June 2013, I received a fee of £1,000 for speaking at a conference entitled “Emerging Democracies in Africa: Challenges and Opportunities” organized by the Nigerian National Institute for Legislative Studies. Hours: 8 hrs. The cost of my flights, transfers and hotel accommodation in Abuja from 15-18 June 2013 were also met; estimated value £1,500. (Registered 28 June 2013) 26 November 2013, I received a fee of £1,000 for speaking at the 1st African Legislative Summit, National Assembly, Abuja, Nigeria. -
London Offices Crane Survey Sentiment Remains Positive
London Offices Crane Survey Sentiment remains positive Winter 2012 To start a new section, hold down the apple+shift keys and click to release this object and type the section title in the box below. Market overview This latest Crane Survey records a pause in the large increases in construction activity we have been reporting over the last eighteen months. However, whilst lower than the last survey, the volume of new starts over the last six months suggests that developers and investors still have confidence in the returns available in the London office market. 2012 Winter – Office space under construction Total U/C (sq ft) Let U/C (sq ft) Available U/C (sq ft) City 4,081,000 1,020,000 3,061,000 Docklands 540,000 250,000 290,000 King’s Cross 474,000 272,000 202,000 Midtown 607,000 45,000 562,000 Paddington 31,000 31,000 0 Southbank 994,000 106,000 888,000 West End 2,308,000 476,000 1,832,000 Total 9,035,000 2,200,000 6,835,000 Office space under construction Million sq ft 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 City Docklands King’s Cross Midtown Paddington Southbank West End 12 months ago (Winter 2011) 6 months ago (Summer 2012) Today (Winter 2012) 2 To start a new section, hold down the apple+shift keys and click to release this object and type the section title in the box below. With the volume of new starts matching the completion Helping sustain confidence in the development market levels recorded since the last survey the total amount of is the continued flow of encouraging news detailing space under construction has remained relatively flat; leasing activity at the schemes under construction. -
UK Hotels: Slowdown Not Meltdown
Hospitality and Leisure Hospitality Directions Europe UK hotels: slowdown not meltdown PricewaterhouseCoopers’ latest forecast for the UK hotel sector for 2008 to 2009 calls for a slowdown in demand and decelerating room rate growth but concludes that there is still plenty to play for on the UK hotel scene February 2008 Issue 17 UK hotels: slowdown not meltdown Key findings Change is coming Likely fallout for the hotel sector UK economic growth in 2008 looks increasingly • Main scenario uncertain and some sort of a slowdown now appears inevitable. Commenting on the global financial crisis, UK revenue per available room (RevPAR) has seen George Soros has said that now we are at least dealing growth each year since 2002. Our latest forecast for the with known unknowns, but warns that after the financial UK is for continued RevPAR growth of 4.1 per cent this crisis is resolved the fallout will take time to impact the year and 3.6 per cent in 2009. For London, the power ‘real’ economy.1 house driving UK growth, we expect an end to double digit RevPAR growth; although we could still see 6.0 What will be the scale of the fallout for the hotel sector? per cent RevPAR growth this year and a further 4.4 per Clearly an economic slowdown will translate into cent gain in 2009, this will be a sharp fall compared to weaker demand growth in the second half of 2008. the growth realised in 2007. If this forecast is achieved, The fallout, including a lack of confidence, will impact RevPAR could pass £100 for the first time in the capital corporate travel budgets and overstretched consumers and top £50 in the Provinces in 2008. -
Lendlease Moves Into Salford Quays
Lendlease moves into Salford Quays Manchester, UK, 22 February 2016: New UK Regions North Office for global construction and development firm Lendlease’s construction business is delighted to announce it has moved into a new office in Salford Quays, Greater Manchester. The move, into the iconic Quay West building, underlines Lendlease’s ongoing commitment to supporting key clients and delivering construction projects and consulting services in the North. Lendlease’s new UK Regions North Office will house approximately 50 Lendlease staff, the majority of which will be working on construction projects and consulting services for external clients. The Quay West building overlooks Salford Quays, which includes MediaCityUK – a major Lendlease project and Europe’s largest purpose-built development for the media sector – together with the adjacent Lowry Theatre, also a Lendlease project. Simon Gorski, Executive General Manager (EGM) of UK Regions for Lendlease, said: “Lendlease has a strong heritage in the North and we are proud of the longstanding relationships we have with clients and supply chain partners in the region. We are looking forward to continuing our support for clients undertaking construction projects in cities like Manchester, Liverpool and Leeds. “We’re deeply embedded in the North but of course, as a global company, we can draw on expertise and resources from around the world for our clients. We’re really pleased to be moving into our new office, which offers an excellent view of the tremendous work our teams have done in Salford Quays in the last ten years or so.” Major projects which Lendlease has delivered in the North include the Trafford Centre in Manchester and Kings Waterfront and Liverpool John Lennon Airport in Liverpool.