Mobile Network Rationalisation – Everything Everywhere, T-Mobile, Orange and Hutchison 3G

If you have mobile phone installations on your sites will be aware of the ongoing consolidation in the industry to save costs. I attended the RICS Telecoms Conference on Tuesday 16th where there was a major presentation on the consolidation/integration of Hutchison 3G (H3G), T-Mobile and Orange. The consolidation of H3G and T-Mobile is now effectively completed (they have carried out 12,000 out of their 12,400 planned consolidations and 5,300 of their 5,700 planned deactivations) so you are unlikely to receive any more break notices for these company’s sites for the time being (though some clients still have issues with purported break notices they have received in the past! However, there is another round of rationalisation on the way. Orange and T-Mobile are now owned by a joint venture company, Everything Everywhere, and their networks are being integrated into one. The target is a single network of 18,000 sites. To achieve this they plan to decommission 9,000 sites. It will be a few months before the planning work is complete. If you have them as tenants, especially if there are both Orange and T-Mobile on the same rooftop, you may well hear from them sometime in 2011. An important KPI for them is reliable 24/7 access, so if you have scope to improve access arrangements this may be a cost-effective way to reduce the chances of them exiting your site.

John Woodhouse - Associate
jwoodhouse@dohertybaines.com

More Segro Lettings

Greenford Park, Greenford, UB6

Unit 9 (13,469 sq ft) has been let to Stephen Morris Shipping for a term of 10 years.

Premier Park, Park Royal, NW10

Unit 15 (4,650 sq ft) has been let to Fareshare for a term of 10 years.

dohertybaines were acting for Segro.

For further information, please contact Michael Haines on
020 7355 3033
mhaines@dohertybaines.com

Park Royal Personality of the Year Award

dohertybaines are delighted to be sponsoring the first Park Royal Personality of the Year Award! The Award will be given to the winning person at the Park Royal Partnership Annual Dinner on the 2nd December. Other corporate awards on the night are sponsored by SEGRO and HSBC but dohertybaines are sponsoring the only award to an individual. Watch this space for details on the winner....!!

Fiona Kelly
Associate
fkelly@dohertybaines.com

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