Acting on behalf of LaSalle Investment Management, dohertybaines are pleased to announce that following the letting of Unit 3 The Chase Centre is now fully occupied.
Radiocoms Systems Limited have taken a 10 year lease on the property which is 3,790 sq ft.
For further information, please contact Michael Haines.
Wednesday, 19 January 2011
Thursday, 13 January 2011
Newcastle Upon Tyne
dohertybaines, acting for clients who hold a head leasehold interest in the property, agreed terms with the occupational tenants to remove a break option in return for 3 months rent free. It was further agreed that the rent free allowance would be spent on repairing the property, thus reducing both parties’ terminal dilapidation liabilities.
The removal of the break has resulted in a reduction in the clients holding costs by over £160,000.
Graham Pepper commented ‘We, at dohertybaines, explore all asset management opportunities within the portfolios we manage. We are aware of the importance of reducing our clients holding costs, particularly in the current economic climate.’
The removal of the break has resulted in a reduction in the clients holding costs by over £160,000.
Graham Pepper commented ‘We, at dohertybaines, explore all asset management opportunities within the portfolios we manage. We are aware of the importance of reducing our clients holding costs, particularly in the current economic climate.’
New letting in Wycombe
dohertybaines have successfully sublet Unit 4 Sunters End Sands Industrial Estate, High Wycombe to local occupier Origin Frames for the remainder of their clients lease, expiring in 2014. This is despite competition from other available premises nearby who were offering large incentives.
The 12,117 sq ft unit previously had an occupier but they had gone into administration and as a result, our clients had to seek a subtenant to reduce their liabilities.
Unfortunately the situation described above is becoming more and more common. However, occupiers in this scenario should still seek to look at all options - one of which may be to sublet/assign their interests to reduce their outgoings (and may now include business rates) and not just pay the rent without thought.
If you require any further information on the above, please contact Paul Londra at dohertybaines.
The 12,117 sq ft unit previously had an occupier but they had gone into administration and as a result, our clients had to seek a subtenant to reduce their liabilities.
Unfortunately the situation described above is becoming more and more common. However, occupiers in this scenario should still seek to look at all options - one of which may be to sublet/assign their interests to reduce their outgoings (and may now include business rates) and not just pay the rent without thought.
If you require any further information on the above, please contact Paul Londra at dohertybaines.
More lettings for Canmoor
3 more units let at Canmoor’s Vision Scheme in Park Royal:
Units 7 & 8 Vision, Kendal Avenue, Park Royal totaling 10,605 sq ft has been let to The Organic Pharmacy Ltd for a term of 10 years.
Melville Exhibition and Event Services Ltd have also taken Unit 9 Vision 5,935 sq ft on a 10 year lease.
For more information please contact Michael Haines.
Units 7 & 8 Vision, Kendal Avenue, Park Royal totaling 10,605 sq ft has been let to The Organic Pharmacy Ltd for a term of 10 years.
Melville Exhibition and Event Services Ltd have also taken Unit 9 Vision 5,935 sq ft on a 10 year lease.
For more information please contact Michael Haines.
Lettings and Sales for SEGRO
dohertybaines are pleased to announce the following lettings and sales for SEGRO:
At Fairway Drive in Greenford, Unit 2 has been let to Chesapeake Ltd.
At Metropolitan Park, Greenford, Unit 37 Halifax Road (4,054 sq ft) has been let to Sceptre Leisure Solutions Ltd on a 4 year lease.
Units G, H & J Metropolitan Park totaling 35,955 sq ft have also been let to H&M Hennes & Mauritz UK Ltd on a 5 year lease.
Ultra Electronics have also taken 18,677 sq ft at Unit 51 Metropolitan Park.
Acting on behalf of SEGRO the sale of 274/275 Abbeydale Road, Park Royal 60,170 sq ft has also completed.
For further information please contact Michael Haines.
At Fairway Drive in Greenford, Unit 2 has been let to Chesapeake Ltd.
At Metropolitan Park, Greenford, Unit 37 Halifax Road (4,054 sq ft) has been let to Sceptre Leisure Solutions Ltd on a 4 year lease.
Units G, H & J Metropolitan Park totaling 35,955 sq ft have also been let to H&M Hennes & Mauritz UK Ltd on a 5 year lease.
Ultra Electronics have also taken 18,677 sq ft at Unit 51 Metropolitan Park.
Acting on behalf of SEGRO the sale of 274/275 Abbeydale Road, Park Royal 60,170 sq ft has also completed.
For further information please contact Michael Haines.
Thursday, 16 December 2010
Empty Property Rate threshold to revert to £2,600 from 1 April next year!
This one line statement was buried amongst the various announcements on Monday from the Department for Communities and Local Government concerning Business Rates made yesterday by the Parliamentary Under Secretary of State Bob Neill.
This will effect a large number of small and medium sized businesses who still have vacant space, due to the current economic environment. The serviced and managed space sector will be particularly hard hit as this is where an increasing number of assessments under the threshold are to be found.
Whilst there is no getting away from the fact that this is bad news, it should be remembered that vacant space will still merit three months relief (six months if industrial in nature) and that a proactive adviser/operator should still be able to mitigate the empty rate liability.
dohertybaines will be supporting the BCA's campaign which has already commenced to overturn this decision in every way possible and we will also be available for support or advice to mitigate its' impact.
For further information, please contact Fiona Kelly.
This will effect a large number of small and medium sized businesses who still have vacant space, due to the current economic environment. The serviced and managed space sector will be particularly hard hit as this is where an increasing number of assessments under the threshold are to be found.
Whilst there is no getting away from the fact that this is bad news, it should be remembered that vacant space will still merit three months relief (six months if industrial in nature) and that a proactive adviser/operator should still be able to mitigate the empty rate liability.
dohertybaines will be supporting the BCA's campaign which has already commenced to overturn this decision in every way possible and we will also be available for support or advice to mitigate its' impact.
For further information, please contact Fiona Kelly.
Monday, 13 December 2010
Affiliated Managers Group PLC to grow presence in London
The Central London Office Agency Team has bagged a major acquisition instruction from the large Global Asset Manager AMG Plc.
AMG Plc who are headquartered in the US have appointed the Central London Offices Team to acquire their new Mayfair offices as they have outgrown their current offices on Park Lane overlooking Hyde Park.
The team has beaten off stiff competition to win the instruction and will be advising on the exit of their existing liability, whilst acquiring the new 3,000 - 4,000 sq ft prime Mayfair office.
It is quality high profile Mayfair acquisition instructions such as this, that will make the newly set up Central London Office Agency Department a success in its own right. We are thrilled to be working with a new client such as AMG.
AMG Plc who are headquartered in the US have appointed the Central London Offices Team to acquire their new Mayfair offices as they have outgrown their current offices on Park Lane overlooking Hyde Park.
The team has beaten off stiff competition to win the instruction and will be advising on the exit of their existing liability, whilst acquiring the new 3,000 - 4,000 sq ft prime Mayfair office.
It is quality high profile Mayfair acquisition instructions such as this, that will make the newly set up Central London Office Agency Department a success in its own right. We are thrilled to be working with a new client such as AMG.
Central London Office Agency Wins Double Instruction!!
The Central London Office Agency Team has been appointed by Holloway White Allom on a comprehensive property consolidation process. This will involve the sale of their long leasehold interest at 43 South Audley Street in Mayfair which comprises approximately 5,300 sq ft and will be of special interest to owner occupiers, as these buildings are currently in short supply.
They will also be acquiring for them a single 8,000 sq ft floor in Victoria. Two other leases in greater London will also be surrendered, therefore allowing staff from all 3 locations to finally be under one roof on a single modern floorplate.
A very exciting instruction with lots of angles. Long leasehold sale, acquisition of leasehold, surrenders as well as dilapidations advice from our Building Consultancy Department.
For any questions, please contact Alex Brown.
They will also be acquiring for them a single 8,000 sq ft floor in Victoria. Two other leases in greater London will also be surrendered, therefore allowing staff from all 3 locations to finally be under one roof on a single modern floorplate.
A very exciting instruction with lots of angles. Long leasehold sale, acquisition of leasehold, surrenders as well as dilapidations advice from our Building Consultancy Department.
For any questions, please contact Alex Brown.
Tuesday, 7 December 2010
Park Royal Partnership Annual Dinner
The Park Royal Partnership Annual Dinner on the 2nd December at The Hurlingham Club in London was a great success and everyone who attended had a very enjoyable night despite the freezing temperatures and snow!
The winner of the dohertybaines sponsored Personality of the Year Award was Peter Davies from Alpha Beta Business Centres. Peter is considered by many to be a leading personality in Park Royal. Throughout the years he has helped a number of local businesses to grow and also helped them to deal with practical problems. Peter is known by most business owners in the Park Royal area and in addition he has been a long standing supporter of Park Royal Partnership’s work. We are delighted to have been able to sponsor this award and very much hope that Peter enjoys his prize.
If you would like future information about the work dohertybaines does with Park Royal Partnership please contact Fiona Kelly.
The winner of the dohertybaines sponsored Personality of the Year Award was Peter Davies from Alpha Beta Business Centres. Peter is considered by many to be a leading personality in Park Royal. Throughout the years he has helped a number of local businesses to grow and also helped them to deal with practical problems. Peter is known by most business owners in the Park Royal area and in addition he has been a long standing supporter of Park Royal Partnership’s work. We are delighted to have been able to sponsor this award and very much hope that Peter enjoys his prize.
If you would like future information about the work dohertybaines does with Park Royal Partnership please contact Fiona Kelly.
Thursday, 2 December 2010
Doherty Baines have let two units at Mowlem Trading Estate to Lomarts Ltd.
Lomarts have taken 10 year leases on units 13 and 14 on the popular estate, close to the North Circular and the Edmonton Ikea.
There are a further two units available on the estate, units 8 and 15, the former is currently undergoing refurbishment.
For further information, please contact Paul Londra on 020 7355 3033.
Lomarts have taken 10 year leases on units 13 and 14 on the popular estate, close to the North Circular and the Edmonton Ikea.
There are a further two units available on the estate, units 8 and 15, the former is currently undergoing refurbishment.
For further information, please contact Paul Londra on 020 7355 3033.
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