Results for the db Office Agency Team

The Office Agency team – acting for Green Property – has agreed two new leases comprising some 70,000 sqft at Kings House, Harrow. Pollsters Ipsos MORI has taken 40,000 sqft and Job Centre Plus and the Department of Work & Pensions have taken a combined area of some 30,000 sqft. A further 20,000 sqft is available in the building on two floors currently undergoing refurbishment.

On behalf of TX Europe Ltd (trading as Timex) dohertybaines’ Office Agency team has successfully completed a new lease at The Mille, Great West Road, Brentford. Timex is using part 4th floor as its UK headquarters. dohertybaines has represented Timex for 11 years.

For further information, please contact Richard Ford
rford@dohertybaines.com
020 7355 3033

New faces in the Cable & Wireless team

We have added two new faces to our Asset Management department, both of which are working on the Cable&Wireless contract.





Nick Wombill - Senior Surveyor












Andy Nagel - Senior Surveyor

Business Rates going up again!

The business rates that you pay each year increase by the RPI inflation rate for the September before the new rates become payable. The September RPI has just been announced at 4.6%. This inflation rate would give us a 2011/12 rates multiplier of 42.6p (England & Scotland) and 42.8p (Wales) although Government may set a different figure. The multiplier is currently 41.4p.

This is well in excess of the 2% increase that many people have been budgeting for.

Don’t get a shock in March next year - feel free to contact me for an updated, accurate figure for your rates liability for 2011/12 based on the new rates multiplier. As soon as the multiplier is confirmed in the new year I will get in touch with you again to ensure that your budgets are correct.

And if you haven’t done so already speak to me about how you can reduce this liability permanently!

Fiona Kelly - fkelly@dohertybaines.com

Tel: 020 7355 3033

ABC’S of Industrial

ABC’S
dohertybaines have been instructed by Aberdeen Asset Management to let Units 12/13 Lyon Way, Greenford. This is a warehouse of 17,101 sq ft that is to be fully refurbished.

On behalf of British Airway Pension Fund and Canmoor Developments a further 3 units have recently been let at Vision on Kendal Avenue, Park Royal.

Parax Offices have taken Unit 1 3,898 sq ft, Slurp Wine have taken Unit 5 4,593 sq ft and CCS Media have taken Unit 6 4,652 sq ft.

At Victoria Industrial Estate, Victoria Road, Park Royal Unit 9 3,754 sq ft has been let to LBC Express. dohertybaines were acting on behalf of Segro.

For further information, please contact:

Michael Haines - mhaines@dohertybaines.com
020 7355 3033

Building Consultancy Refurbishment

The newly refurbished buildcon team consist of John Atkinson, who has been promoted to head of the department and the appointment of Colin Hughes as a senior surveyor. Along with the existing workload preparation of schedules of dilapidations and negotiations, acquisitions surveys and contract administration works they will be Managing a number of projects. These include the NFU conference centre, redevelopment of an existing multi level car park, office refurbishment in Bromley and warehouse alterations and installation of dock levellers in Basildon. A number of other projects are in the pipeline which they hope to assist our clients on in 2011.

If you would like to contact them, please call 020 7355 3033. Speak to their secretary, Teniele Martin, if they are unavailable. They are also contactable on the following email addresses.





John Atkinson - jatkinson@dohertybaines.com











Colin Hughes - chughes@dohertybaines.com










:

Investment Team Growth

Stuart joins dohertybaines as an Equity Partner with over 18 years experience in National Business Space agency and investment. Stuart has mostly focused on industrial and office investment at Holley Blake and more recently Colliers International. Acting for a broad range of institutional, property company and developer clients, he has structured a wide range of portfolio/single asset acquisition and disposals, sale and leasebacks and fundings. He is a keen golfer and squash player and has recently taken up kitesurfing.

Stuart can be contacted on 020 7355 3033
email: satkinson@dohertybaines.com

Investment Update.....Grosvenor Street acquisition completes!

A private client of dohertybaines has recently completed the purchase of the long leasehold interest in 21-22 Grosvenor Street for a price of £17.25 million. The property was substantially refurbished and extended in 2008 and comprises a prime office and residential building of approximately 14,500 sq ft. It is let to a number of tenants including Sunseeker, Punj Lloyd, Baer Capital and Banco Itau Europa. In addition, dohertybaines have been appointed to manage the property and administer the service charge on behalf of the client.

Any further information please contact Robert Nelson on 020 7355 3033 or rnelson@dohertybaines.com

Conference Building - Stoneleigh

dohertybaines are project managing the planning and construction of a new Conference and catering facility at the NFU headquarters at Stoneleigh. The building will be single storey of 568sq ft, capable of housing a maximum of 100 delegates and having 72 covers within the restaurant, a raised decked area will overlook the pond. The building will have a grass roof but there is no plans to utilise this area for the grazing of animals! Additional parking and hard standing facilities are to be provided to the front of the existing parking area. The land deal is currently with solicitors and it is anticipated for the works to commence by the end of October.

John Atkinson - Associate
jatkinson@dohertybaines.com

Paradise Gained

AMBASSADOR HOUSE, PARADISE ROAD, RICHMOND

On behalf of Zisman Bowyer Partnership dohertybaines’ National Office team has recently acquired c.10,000 sqft of leasehold offices in Ambassador House, Paradise Road, Richmond. The move was a historic one for Zisman Bowyer who had occupied its existing office on Eton Road for in excess of 40 years. The move marks a new phase in the company’s development and dohertybaines’ team was able to agree a lease term specifically tailored to the clients’ business plan.

Richard Ford - Partner
020 7 355 3033

4TH FLOOR, APEX PLAZA

On behalf of the rapidly expanding Aldemore Bank dohertybaines’ National Office team has recently acquired c.8,000 sqft of leasehold offices in Apex Plaza, Reading. The team advised on a number of prospective locations for this new office before selecting Reading and Apex Plaza provided a perfect solution in terms of size, quality and proximity to the mainline rail station. Aldemore is currently fitting out the premises for occupation in September.

Richard Ford - Partner
rford@dohertybaines.com