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Asia and the UK logistics market

In April 2016, Mountpark completed the biggest ever UK deal for an industrial unit – 1m sq ft in Bardon, Leicestershire sold for £126m to a Korean private investor. The unit was let to Amazon and represents a yield of 4.5%. This deal demonstrates the significant interest from Asia in the UK logistics market, especially from investors seeking income generating assets.

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R&F Properties Makes Purchase Number Two of 201

 In March this year, Chinese developer R&F Properties bought the Iconic Nestle Tower in Croydon for almost £60m; its first European real estate purchase. The tower comprises 200,000 sq ft and the site includes a further 250,000 sq ft at St George’s Walk. The developer has plans to turn the site into 1800 residential units with an estimated end value of £500m.

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Residential Problems

Every year, the residential market follows a similar trend: the ‘winter market’ being somewhat quiet and the ‘spring/summer market’ full of life, with the affluent and the ambitious seeking the best deals and mortgage brokers having their work cut out. However, this year we may be experiencing a slightly different trend. Has the residential market reached its vertex?

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Landlords looking towards serviced office options

Has the perception of serviced offices changed over the last five years? Landlords used to view serviced offices as a last resort option for filling unwanted space. But today, ideas of flexible workspaces are evolving, with developments being carried out for the sole purpose of setting up specialised serviced offices.

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Dilapidation Liability

When looking at a new office, many tenants are only forecasting their move-in costs. They consider the costs of the lease, the fit out, new furniture and deposit, but dilapidation is often overlooked. However, the beginning of your lease is the exact time you should be negotiating your dilapidation liability.

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Double Dipping?

Double dipping, double running or dual agency is the practice of acting for multiple parties, usually when undertaking investment work in the property industry, often for both buyer and seller or multiple buyers. In recent years, it has become a serious industry concern, and in 2014 resulted in a UK voluntary protocol, published by the Investment Property Forum, which put emphasis on transparency and confidentiality.

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