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.
LSH grows Building Consultancy team
LSH has bolstered its northern Building Consultancy offering with the appointment of Jon Anderson as Director and Richard Prior as Senior Surveyor.
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%.
Investment in North East's commercial property market at six year high
Commercial property investment volumes across the North East reached a six year high during Q3 2013, according to data from our latest research, UK Investment Transactions (UKIT) Q3 2013 - its highest recorded quarterly total since pre-recession levels.
Government must do more to support residential development across the North East
New research from our residential development team has revealed that 59% of the North East housing sector feels the government is not doing enough to support the delivery of new housing.
Lack of speculative development is stifling the region's industrial Market
The lack of grade A industrial space across Yorkshire and the North East has led to a slow-down in overall take-up, with the reduction of stock leading to a fall in investment volumes of 18%, according to our latest research, Industrial Market Review H1 2013.
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.
Newcastle Central Station appointment for LSH
Our Leeds-based Transport Consultancy team has been instructed to let 14 retail and catering units as part of the £8.6m redevelopment of Newcastle Central Station.
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.