Commercial property investment jumps 50% in 2013
Investment in the UK commercial property sector increased to £44.9bn in 2013 – a 50% rise on the previous year and the highest volume achieved since 2007.
UK property investment market set for bumper 2014
Lambert Smith Hampton is predicting a bumper year for the market in 2014. Investment volumes will hit £40bn for the first time since 2007 and the market will see total returns of 12-14%, after a very strong finish to 2013 for the UK commercial property investment market.
Autumn Statement 2013: Chancellor's business rates cap too little too late
As predicted, Chancellor George Osborne has announced that the rise in business rates bills from 01 April next year will be capped at 2% instead of being linked to RPI inflation at 3.2%.
DHL expands to 53,940 sq ft warehouse in Hampshire
Acting on behalf of F&C Reit Asset Management, LSH has let a modern warehouse at Stoke Park, Eastleigh, to DHL.
LSH appointed on £284m Local Infrastructure Fund
LSH's Planning and Development Consultancy division has been appointed by the Homes and Communities Agency to advise on bids received for the £284m Local Infrastructure Fund.
Sale completes on landmark Portsmouth offices
Acting on behalf of LaSalle Investment Management, we have successfully sold Enterprise House in Portsmouth.
New-build empty property rate consultation launches
The government has launched its six-week consultation on the exemption of empty property rates for new-build developments, completed between 01 October 2013 and 30 September 2016.
Selex signs Southampton office pre-let
Selex ES has secured a 24,000 sq ft pre-let for a new office building to be constructed at Endeavour Park, Millbrook, Southampton.
Planning changes to allow 'pop-up' shops and restaurants
In a bid to revive the British high street, the Government has announced a relaxation in 'change of use class' planning law that will allow shops and restaurants under 150 sq m to ‘pop up’ in existing commercial space without planning permission.
Premier Inn for obsolete Portsmouth offices
Acting for LaSalle Investment Management, we have completed a Portsmouth commercial property deal which will see Premier Inn, the UK’s largest budget hotel chain, sign a 25-year lease on a new 84-bedroom hotel.