All Property Week articles in 16 April 1999
View all stories from this issue.
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Professional
Taking the load off maintenance works
Covenant to repair Just because a landlord is entitled to carry out works, it doesn't follow that he is also entitled to recover the cost from a tenant The Scottish Mutual case should encourage tenants to scrutinise programmes of work embarked upon by landlords
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Professional
Who is liable for the rising school levy?
Funding education from new development Recent cases prove that the local authorities' policies do not specify the size of the sites affected or the criteria used to assess liabilities The assessment of financial contributions is done on an 'ad hoc' basis ...
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News
Kilmartin takes Portfolio tally to three
Portfolio Holdings has completed its third deal since Apollo Real Estate and Roger Orf s Pelham Partners took control in February. The company has formed a joint venture company with Scottish property company Kilmartin Property Group to speculatively refurbish a 5,574 sq m (60,000 sq ft) office in Edinburgh city ...
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Markets
Ivory towers in Sussex
Few outsiders would suspect that East Sussex harbours one of the worst areas for child abuse and deprivation in the south-east of England. Hastings is the owner of this shocking title, although many other Sussex towns have areas of urban poverty and despair. Parts of once-genteel Eastbourne have been taken ...
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News
REIT shops for Ipswich Tower
REIT Asset Management is poised to buy the Tower Ramparts shopping centre in Ipswich from Prudential for just over the £24m asking price. The deal would reflect a net initial yield of around 6.8%. The freehold 12,280 sq m (132,182 sq ft) centre provides 33 units and two ...
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Markets
Wyncote invests in Worthing retail
Wyncote Developments has paid around £2.5m for Esso Pension Trust s retail development site in Montague Street, Worthing. The ground floor will provide two units of 280 sq m (3,000 sq ft) and 740 sq m (8,000 sq ft) which could be let as one although, prior to construction, JJB ...
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Markets
Intradco leases office space at The Martlets
Goldway Properties has granted Intradco Cargo Services a five-year lease on its second-floor offices at 49 The Martlets, Burgess Hill at £70/sq m (£6.50/sq ft). A four-month rent-free period has been agreed on the 220 sq m (2,370 sq ft) suite. Stiles Harold Williams acted for the lessor.
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Markets
Nice idea, Mr Prescott. Who pays?
I think you should excuse Stephen Killick if his comments on Sussex transport seem dipped in a little too much vitriol. He writes not only as Property Week s south-east correspondent, but as a local resident of many years standing. It must be particularly galling, after the criticism he has ...
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News
Threat of rental home shortage looms in UK
The UK will be short of 500,000 privately rented homes if funds and developers fail to build for the rental market, FPDSavills has warned. In a report published last week, the firm points out that the UK has the smallest private rented sector in the Western world, with only 1.2m ...
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News
Planet Hollywood rent to skyrocket
Planet Hollywood s rent will more than double at its Trocadero restaurant in London s West End, following an arbitration hearing this week with landlord Burford Holdings . An annual rent of £1.45m has been set for the 1,860 sq m (20,000 sq ft) unit in Coventry Street ...
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Markets
Turning up the Heath
Haywards Heath s biggest selling point, the easy commute into London, has also been the greatest stumbling block for developers. We find businesses bemoaning the lack of determination to raise the town s profile
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News
Happy talk from the NAEA
The National Association of Estate Agents has published a set of standards it suggests members should follow to keep their customers happy. Winning & Keeping the Customer, published in conjunction with the Residential Estate Agency Training and Education Association suggests, for example, that agents should find out whether the client ...
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Markets
Gatwick investment
Heathrow has traditionally attracted the lion s share of international occupiers, with IT and telecoms companies converging along the M4 and northern M3 corridors. With a shortage of head office sites in the Thames Valley and more than 46,450 sq m (500,000 sq ft) of unsatisfied demand, the case for ...
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News
Thinking stops firms linking
Donaldsons and Matthews & Goodman have broken off merger talks after the two parties could not agree on philosophy . The two surveying firms have been in serious discussions over the past three months without ever reaching the due diligence stage. Matthews & Goodman chairman Peter Smallwood ...
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Professional
Fading stars
Goodwill can fade as soon as the valuer walks out of the door. This report looks at the difficulties of valuing small businesses. Photographs by Frank Bauer
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News
Rugby looks for team support to enter the super league
On a high from last year s results, Rugby Estates is looking to move up a division. This report examines the company s options, considering that it is languishing in the unpopular, sub-£50m capitalisation zone
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News
Inflation to end upward review
The UK property market could see the end of upwards-only rent reviews if inflation continues to fall, a leading economist has predicted. Former hsbc economist Roger Bootle also forecast a period of 'very good' returns on property in the medium term at the IPD annual results presentation last ...
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Insight
End of the paper trail
In the next decade, electronic conveyancing and land registration will become a reality. Meanwhile, volunteer local authorities are needed to pilot the project. We attend a consultation meeting in the City of London
