November 2011 Archives
Boris 'delighted' by Westfield Croydon
London mayor Boris Johnson today said he was "delighted" by Westfield's decision to commit to Croydon.
Outdated office stock 'lets Croydon down
Almost one-third of Croydon's office stock is redundant and ripe for redevelopment, according to Croydon council chief executive Jon Rouse.
Boris pledges £23m for Croydon rebuild
London mayor Boris Johnson has announced an investment of £23m in Croydon to help rebuild the south London suburb after the summer's riots.
JLL consults with 13 in Brum redundancies
Jones Lang LaSalle has placed 13 employees in its Birmingham office under redundancy consultation.
Leicester to vote on student scheme
Leicester city council will vote later today on whether to grant consent to controversial plans for a £35m student accommodation development in the city centre.
New lettings at Whitefriars
Henderson Global Investors, on behalf of its UK Shopping Centre Fund, has achieved a series of lettings at its Whitefriars shopping centre in Canterbury, Kent.
"An entire year has been wasted. Investments have been lost while the Government has deliberated on upward only rent reviews.It is incumbent on the Minister to advise sooner rather than later on whether this legislation is going ahead and if so to give some timelines on its likely implementation. This is the single biggest issue being speculated on in the commercial property sector in Ireland since the beginning of 2011
Having promised on numerous occasions in recent months that the publication of the legislation was 'imminent' , there have been a number of leaks in recent days suggesting that the Government may be about to do a U-turn and not introduce this legislation at all. For this reason, CBRE are now calling on the Minister to confirm or deny if this is indeed the case.
- Place North West: So far only a dozen neighbourhood forums have been set up in the North West under the DCLG pilot programme.
- The BBC asks: what if locals choose a shape that ministers don't like?
- Things are already changing in Brighton and Hove: Under pressure from Whitehall, Brighton and Hove City Council reluctantly replaced its committee system of governance with a new "Westminster-style" leader and Cabinet model in 2008.This will now be reversed under the Localism Bill
- But Wind power monthly think they know what it is all about: UK planning law amended to help wind
- In EG this Saturday we assess the impact on Liverpool losing its case (a link will be added as soon as it's available)
- There's support for Liverpool's case coming from America
- And Liverpool council chiefs say jobs are more important the World Heritage Status
- Liverpool Daily Post hopes a tense few days can secure both WH status and sympathetic development
- The Independent meanwhile, reckons the status is already in ruins
Who's got the power in the North West industrial sector? In our North West Focus in this Saturday's magazine we've published the 'power list' of agents and developers in the region which you can see in full by clicking here.
The top five agents have been ranked by disposals, with some others flagged up as important players. Developers have not been ranked, but the list highlights those that look best placed to take advantage of the next cycle.
The power list is bound to provoke debate - and we welcome it. So, if you disagree with our selection or think that your company should be up there, tell us why by leaving a comment below.
Let the debate begin...
Power On button image by LivingOS from Flickr, used under creative commons licence
To break that down, the results say that by the end of September it was 54% let by sq ft* with a further 6.7% in solicitors hands." The scheme is almost 61 per cent let or in solicitors' hands and negotiations are on-going with a whole host of leading national and international retailers and restaurateurs who want to bring their brand to Leeds' prime pitch."
- Jump in take up in Q3
- At current take up levels one year's grade A supply left
- Increased appetite for land sales and design and build
- Busiest quarter so far this year but below long term average
- Hardening incentives and anecdotal evidence of increasing appetite for D&B
- Q4 take up expected to be strong
- Take up down in Q3 and significantly below the long term average
- Availability fallen below 25m sq ft for first time since Q4 2009
- Grade A space scarce
- Take up dipped and dominated by second hand space
- Q4 take up expected to pick up
- Aberdeen market bucks the trends with pre-lets on the increase as grade A availability diminishes
"There is now a suggestion of a delay of a further year in the progress in preparing Cardiff's revised Local Development Plan in order to consider the wider city region, the main point being that growth should be regionally distributed not just borne by Cardiff.would agree with the need to consider this but this is a huge change in approach for planning in Wales, with many neighbouring local authorities who would have to bear residential growth having already adopted plans. Such an approach is also contrary to that being rolled out in England under the 'localism' banner.Perhaps the mess Cardiff finds itself in is a lesson for the Rt. Hon. Mr Pickles; with no regional strategy can you rely on individual authorities to work together without their own needs and agenda being at the cost of wider strategic advancement?
"This move leaves Cardiff relying on a plan dating from 1996 and leaves the capital without an updated plan for another year, with adoption not being until October 2015.Can we really wait another three years?Without at least some form of interim guidance to direct development, the knock on effect for business in South East Wales is likely to be dangerous - particularly given Cardiff is supposed to be bringing forward an Enterprise Zone. Substantiation of this status is required too - while over the border the Westminster government is providing clarity to places such as Bristol that have been designated Enterprise Zones; thereby priming the areas for inward investment; no such direction has been provided in Cardiff.Was the Enterprise Zone designation merely a hollow political move to prove the Welsh Government's supposed 'delivery' agenda? Let's hope this cynicism is proved wrong."Gareth Hooper, partner in DPP's Cardiff office