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.
LSH advises Bury Council on largest asset
The Public Sector team at LSH has been appointed to assist Bury Council on its latest redevelopment at Bradley Fold Trading Estate, the council’s largest non-operational property asset.
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 activity across the North West continues to rise
Findings from our latest UK Investment Transactions (UKIT) report show that the total value of commercial property investment transactions in the North West increased in Q3 2013 to £313.2m from £292.46m in the previous quarter, continuing to exceed 2012’s total.
Government must do more to support residential development accross the North West
New research from our residential development team has revealed that 61% of the North West housing sector feels the government is not doing enough to support the delivery of new housing.
LSH appointed by Wirral Borough Council
The northern public sector team at LSH has been chosen to act as property advisor to Wirral Borough Council. The appointment sees LSH reviewing the council’s surplus assets and identifying options for their future use. The appointment is for a 3-year period.
Growing appetite for investment in the North West
Findings from our latest UK Investment Transactions (UKIT) report show that the total value of commercial property investment transactions increased in Q2 2013 to £292.43m from £211.4m in the previous quarter.
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.
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.
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.