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The West End office of Lambert Smith Hampton is advising Richardson Cordwell. Dencora Properties Ltd have obtained planning consent for their latest speculative industrial/warehouse development to be located at the junction of Ripple Road and Alfreds Way on the A13 in Barking The seven unit development will provide five terraced units of 5400 sq.ft. (502 sq.m) each and two stand alone buildings of 14000 sq.ft. (1300 sq.m) and 15000 sq.ft. (1394 sq.m).

The Invicta Centre, as the development will be known will be Barking's first speculative development for almost a decade and will hopefully satisfy part of the pent up demand which has built up due to the lack of existing accommodation in and around the borough One unit has already been reserved at a rent of £6.50 psf on a 15 year lease.

Contractors are presently on site with the development scheduled for completion June 1999 Further information on the development can be obtained from the developers agents. Greater Manchester Pension Fund have sold the 1,782 sq m (19,191 sq ft) In a simultaneous transaction, RM Customs & Excise (Secretary of State for the Environment) who was the existing tenant advised by Weatherall Green & Smith and Lambert Smith Hampton - have surrendered the 17 years remaining on their leasehold interest after paying Ujima House the sum of £1.52 million The tenant was paying an annual rent of £245,600 pa on a 25-year lease from 25th December 1990.
 


The Property Valuer Adelaide carries out is full of legal documentation and formalities including the inspection of the building, considering the factors such as available amenities, garden in the building, lawn in the building, parking space for cars and two wheelers, the modern amenities such as modular kitchen and the entire interiors and exteriors of the building including the age and structure of the property that is being valued.

By agreeing a simultaneous purchase and surrender this enabled Customs & Excise to extract themselves from a very onerous situation on a building that was not required for their occupation FPDSavills advised Ujima Housing Association.

A new Church building will replace the Walham Green Methodist Church Hall and 6 new flats and parking facilities totalling 146 spaces will also be provided.
 
If the user do know the latest value of the property then it do help to decide the exact price for the property. So to know the latest value of the property its valuation is to be done in efficient manner by Property Valuation Sydney. If the errors do occur in the valuation method then the problem also occur in the output of the valuation method which directly do affect the price decision making process. The event, called the "Old Toll Road Caravan," marked the third year that the museum has sponsored the trip as part of their fundraising endeavors and was a complete success, to the delight of all.

What makes the trip so special is that the historic road has been closed to vehicular traffic for the general public since 1939 and few individuals, except those that have legal access, have been permitted to churn their way up this once esteemed tourist route that at one time led visitors from Black Mountain to Mt. Mitchell. Black Mountain and the North Fork Valley have been the tourist gateway to Mt. Mitchell for well over 200 years.
 
From the start of European exploration, such as that of noted botanist Andre Micheau during the late 1700's and the explorations of the early residents of the North Fork Valley who hunted and grazed the lofty peaks of the Black Mountain Range, the area gained notoriety and attention. It was this attention that later was the focus of one of America’s newest challenges, that of being the first to discover the highest peak east of the Mississippi River.

To avoid the problem in the decision making process necessary steps is to be taken during the procedure of the method so that the result obtain will be best without any errors. During this period in the 1850s, a great controversy was brewing between Dr. Elisa Mitchell and Thomas Clingman. Each had laid claim to finding the highest piece of earth in eastern America. Only one would finally settle the argument, and pay for it dearly with his life.
 
Speaking at the Coalfields Conference at Ollerton Miners Welfare in North Nottinghamshire John Prescott acknowledged English Partnerships. John Prescott further endorsed English Partnerships success in the coalfields of England during the conference when he called upon the agency to consider being actively involved in a further 29 sites totalling some 1405 hectares of land This will increase English Partnerships existing portfolio to a total of 85 sites covering 3606 hectares .
 


Allerton Bywater, the chosen site for this second competition is a former colliery village of approximately 4,000 people I am pleased that English Partnerships has been able to provide another challenging opportunity for the development industry to incorporate integrated housing into the community It is important that these new initiatives are as applicable in the small rural communities as for the larger towns.

The competition process involves English Partnerships inviting development proposals for a mixed use development on approximately 24 hectares (60 acres) of reclaimed land on the former colliery site at Allerton Bywater. The Allerton Bywater colliery closed in 1992 along with the Regional Offices of British Coal. English Partnerships acquired the site as part of its coalfields portfolio a total of 56 sites covering 2206 hectares, and is in the process of reclaiming the site.

English Partnerships' involvement in the Coalfields area is well established with a current portfolio of 56 sites throughout England formerly owned by British Coal English Partnerships' commitment is for a ten year £348 million reclamation programme coupled with an estimated £750 million private sector investment to create 1.6 million sq. m. of commercial foolscap, 5000 new homes some 47,500 new jobs and a huge range of leisure, sports and environmental initiatives.

Industrial Investment Sold In Washington on behalf of MRC Pension Trust, has sold the freehold interest in a Washington industrial unit for £1,375,000 . how much does a house valuation cost
and changes occasionally and it is ideal to esteem it once in a year. Quality changes may happen for a few reasons.

The property is let to Bundy (UK) Ltd for a term of 25 years from 19 December 1991 on FRI terms, subject to a five yearly upward only rent reviews at a passing rent of £112,000 per annum. as purchased the freehold interest in a modern retail warehouse on Manchester Road in Huddersfield for £3,465,000 This represents a net initial yield of 6.85% and a net equivalent yield of 8%. The property comprises 2,643 sq m (28,454 sq ft) It is located close to the inner ring road.
 
It has published its biannual 50 Centres report, a guide to prime office In the six months to March 1998 there were 18 prime transactions recorded, 16 of these showed a rental increase and only one decreased Across the 53 centres the average prime rent now stands at .50, showing an annual increase of (5. 1%). Levels of take-up continue to rise, despite quality supply shortages although occupiers are increasingly resorting to Grade B and refurbished accommodation to satisfy demand. Achievable rents have increased in 24 centres and fallen in only one.
 


Thus, costs climbed drastically, and numerous individuals accepted property valuation estimations Occupier demand for industrial/warehouse accommodation remains strong, with a perceptible increase since September 1997. This is reflected by achievable rents rising in 23 of the centres surveyed, with only two showing a decline.

The main occupier activity is focused around the UK's arterial routes, most notably the intersection of the M42, M6 and M I In the South, the lack of speculatively built product and available land is creating rental growth notably in the London sectors North and West and the M4/M3 corridors.

Current levels in the six months to March 1998 have shown eight recorded prime industrial transactionswith increases in five centres. The South East region & WI has the highest average achieved rent of 50, compared to 25 across all the centres. Demand for prime space by operators remains fiercely competitive in the premium centres, and with good-sized well-configured units in short supply there is considerable pressure for rents to keep rising, in some instances at a rapid rate.

Significant rises have occurred across the country in centres such as Manchester (25%), Edinburgh (22%), Croydon (1 9%) Andrew Guiliford, Partner in Jones Lang Wootton's National Development & Industrial team.We are seeing increased occupier activity and this coupled with constrained supply of both product and consented land in many areas is leading to significant rental growth. Higher rents, longer leases and lower tenant incentives will continue to become the norm.

The distribution sector is still characterised by occupiers with larger requirements preferably seeking freehold land or short leases on buildings however, again due to diminishing supply in certain areas we anticipate longer leaseholds are likely to be imposed on occupiers by those controlling product.
 
Great Portland Estates PLC (GPE), has received the go-ahead from the planners for a 18,580 sq m (200,000 sq ft) leisure complex in Northampton town centre In line with government policy for town centre regeneration GPE plans to begin work on site this Summer (1998) with the demolition of the 1970s former Barclaycard headquarters building a pool hall, five restaurants, a pub, four retail units and a health & fitness studio, with an end value in the region of £25 million.
 


GPE has been reviewing its exposure to the leisure industry and feels the market is ripe to increase its investments in this sector which currently includes projects in Ashford and Harlow. its location alone provides us with a very secure investment Already we are in final discussions with a major cinema operator which will anchor the project and act as a catalyst in signing the other leisure uses.

With a huge residential area to the west and south of the site and being equidistant from the town centre and British Rail station the scheme is well positioned to capitalise on the town's growing population which is predicted to increase to 203,000 by the year 2,000. In addition, the complex will link directly into Market Square and the hub of Northampton's shopping and leisure offer.

Cluttons Daniel Smith's Quarterly Property Market Update urges property investors to adjust their thinking to the reality of a lower inflation and interest rate environment Cluttons Daniel Smith expects target rates of return to be trimmed back from their typical present levels of 10-12 per cent to levels of around 9 per cent per annum over a 5 to ten year time horizon . We believe that these high levels will become unsustainable Unless investors wake up to this reality .

The deadlock at present is being broken only by those entrepreneurial investors and property companies which are borrowing money cheaply and outbidding traditional funds forcing yields down, albeit marginally and at the fringes. Unless the majority follows suit Although there are no signs of a wholesale shift in attitudes at present, we expect some progress to be made by the autumn.

High Street rental value growth continues to rise, albeit at only 5.4 per cent pa on average, but the prosperous larger centres are still accounting for most of this growth Retail sales growth is slowing but the strength of a number of major retailers coupled with the success of the larger centres is maintaining the momentum in the sector . Space, condition, abundances, size and other specific data are amassed by the appraiser in the midst of an examination. General data is gathered from unique sources. The report highlights activities in the different sectors currently buoyant with central London profiting most as rental growth soars in excess of 20 per cent in some areas With financial and business services output still high at 7 per cent, and showing few signs of slowing the prospects for further growth, particularly in the South East are strong The prevailing cautious business environment is unlikely to allow rental values to reach unrealistic levels.
 
yields have fallen from 10 per cent to 9. 3 per cent in the year to 1998Q1 and the gap between industrial yields and office and retail yields is at its lowest since the early 1990s now on a par with inflation at 4 per cent pa. Strong investor interest remains in the sector, particularly in the south .has purchased Angel Walk Shopping Centre, Tonbridge, Kent for £3 million reflecting an initial yield of 9% John De Stefano said This purchase complements geographically our other shopping centres in Bromley Southampton and Winchester and suits our direct management style. 92% of the income is from major covenants and all rents are due for review Clive Wood of Nelson Bakewell commented It provides an ideal opportunity for London & Henley to purchase an excellently located shopping centre at an attractive initial yield The centre provides a natural thoroughfare linking the prime High Street to the Sainsbury and Bentalls stores behind.
 


The 1,717 sq m (18,479 sq ft) shopping centre is let to 11 tenants including Superdrug Lunn Poly, Halifax Building Society GNC and Post Office Counters producing £284,000 per annum with all leases having at least ten years unexpired terms Zone A's range between £323 per sq m (£30 per square foot) and £462 per sq m (£43 per square foot).

After lengthy battles with the magistrates on appeal Yates Wine Lodges manage to obtain their appropriate licensing and have now opened their unit which comprises a ground and first floor totalling 3,944 sq ft on the ground floor with 4,476 sq ft at the first floor level . House valuations perth clears your dilemma in regards to your property if you want to buy a new one or sell the old one or make improvements to the old one, carrying out valuations make it easier for you. Mama Amalfi have now been trading in their unit which comprises 4,510 sq ft which they took on a 25 year lease at £85,000 per annum exclusive.

Units 1 & 4 are under offer. This is a unit comprising approximately 11,200 sq ft divided almost equally between ground and first floors where the rental is £175,000 per annum exclusive Sanfield Properties Ltd are being represented by Hammond Philips and Shelley Sandzer & Company.

the Schroder Exernpt Property Unit Trust to regenerate Bracknell town centre, has been informed of the sale by the Commission for New Towns of Sites C,D and E in Bracknell to Legal & General Both the BRT proposals for the regeneration of Bracknell town centre and Legal & General's cornpeting scheme for a regional shopping rnall are currently the subject of a Public Inquiry to be held later this year Commenting, Michael Ingall, property director of ALP said.
 
We continue to be consistent in our view that the deternination at the Public Inquiry of the two rival schemes for Bracknell will not be materially affected by the extent of each party's land holdings The only issues are the appropriateness of the two schemes in respect of Bracknell's retail supply and regeneration requirements, the impact on surrounding towns and the Government's planning policy We are confident that BRT's proposals meet all of these criteria William Hill managing director of SEPUT, further commented Nothing has changed. Both the BRT scheme and the L&G; scheme are the subject of the Planning Inquiry and will be looked at on planning merits.
 


the Jonathan Edwards Limited Prize, has been awarded to Peter Copley Property Director, EMAP plc who has successfully completed a three year course at City University The Prize, for the student showing the most distinguished performance in Corporate Property Management, is awarded at the completion of the three-year City University .

Mr Copley (35), of Stamford, Lincs, decided to take the Course in order as he says Otto help further develop the strategic property thinking at EMAP. Valuer Perth offers to cool down on the choice for more improvements in the property or to keep that as it is and not worth the offerings. I chose this course, rather than an MBA, because of its links to my professional career and did find that my studies and my work were definitely complementary.

I learnt how property can contribute to value and now feel confident in formulating strategy alongside our finance and operational teams. As a result Of the course I have joined the RICS Occupiers Committee and that too helps me in my professional development.

Commenting on the Prize, Jonathan Edwards, a visiting lecturer at City University said Peter has shown excellent work and results throughout the course which is part time and therefore demands extra reserves of application and diligence It is never easy combining extensive study while at the same time producing results for your employer and Peter has succeeded admirably.

Corporate Real Estate, as a separate discipline, is a relatively new concept in the UK It is a concept that has existed in the US for a number of years and in some measure contributes to the success of US corporate. We are awarding this Prize as a i-neans of encouraging the growth of understanding of the value of corporate real estate studies and hence the value of our corporations.
 
Attendance is two evenings a week, supplemented by further home study periods. In this course we have tried to answer the needs of today's corporate real estate executive comments Bill Rodney Head of Department of PVM, City University. We have aimed to provide our students with all understanding of the basic operations of business covering management accounting and corporate finance as well as the expected property management In these days of flexible working systems, property executives need to be able to keep up with their peers: our course is here to help them do just that.
 


Reports that total sales have risen by 26% in its portfolio of four factory outlet centres at Clarks Village in Street particularly as Easter occurred in the first six-months of 1997, but in the second six-months of 1998 The figures reveal that average sales per square metre of occupied space across portfolio increased by 14%, compared to the same period last year Total sales have increased by 52% at Royal Quays, 34% at Clarks Village, 8% at The Yorkshire Outlet and by 4% at K Village.

The occupancy level of the portfolio is currently just under 90%25 Clarks Village and K Village are fully occupied and The Yorkshire Outlet is 91% let with a further 6% under offer At Royal Quays, if transactions presently in solicitors' hands are completed, the occupancy level is expected to rise to 90% Total sales have increased by 52% at Royal Quays, 34% at Clarks Village, 8% at The Yorkshire Outlet and by 4% at K Village.Property valuation structure is perseveringly withdrawing for everyone and to make everything the more innovative all around get a requested and property valuer job description to deal with your whole soundness of concerning property.

Since MEPC acquired C&J; Clark and RAM Euro-Centre's portfolio of three outlet centres in April 1997 the centres have been fully integrated into MEPC's management structure.

Richard Exley, MD of MEPC's factory outlet sector, comments We are delighted with the performance of our factory outlet portfolio during the first half and having created a specialist team and integrated the new businesses we are now well placed to improve our existing centres. We are also pursuing a number of exciting new investment opportunities together with tourism and heritage related uses .
 
Blair Kirkman, acting on behalf of Colchester and East Essex Co-operative Society Ltd . The redevelopment, project managed by Churchmanor Estates was formerly occupied by the Co-Operative Society and is adjacent to the retained store which has recently been refurbished. The new Argos superstore will be arranged over ground and first floor totalling approximately 32,000 sq ft Argos are relocating from the High Street. A rent of £335,000 pax has been agreed on a new 20 year lease Work has commenced on site with completion scheduled for January 1999 . Blair Kirkman are now marketing the remaining unit adjacent to Argos which provides approximately 6,500 sq ft of sales at the ground floor, and 18,170 sq ft of ancillary space Jackson Criss acted for Argos.
 


Famous Army Stores, trading as 'Outdoor Venture' is the latest retailer to set up camp at Prudential's Borough Parade Shopping Centre in the heart of Chippenham Wiltshire, developed by Crest Nicholson Properties.

To occupy a combination of units 6 & 7, Outdoor Venture will be joining forces with front line high street operators such as Argos, Littlewoods Outdoor Venture will be paying £37,000 per annum for units 6 and 7, which will be combined to total 113.34 sq m (1,220 sq ft) of trading area on the ground floor and 1 02.2 sq m (1,100 sq ft) on the first. A new 15 year full repairing and insuring lease has been agreed subject to a 3 month rent free period. Property valuation is very essential to carry out for all types of properties; it is always advised to hire an experienced property valuer to carry out any type of valuation to get the accurate and desired results.

David Alker of Prudentials' property division says Outdoor Venture is a positive addition to the tenant mix of Borough Parade which has let well since opening 18 months ago.

Borough Parade is now over 93% let following this latest letting which represents a major advance for Chippenham I am also pleased to report that a further three units are in solicitor's hands which leaves just 4 units available for new retail recruits to complete the occupation of this strategically important shopping centre in Chippenham .
 
Four more leading names in the restaurant sector - Capital Radio's Radio Cafe, Yo! Sushi Old Orleans and My Old Dutch. The signings mean that there is just one unit available in the three-level scheme which is due to open in October (1998) 02 is anchored by an eight- screen Warner Village Cinema an Esporta Health & Fitness Centre and a 7,435 sq m (80,031 sq ft) Sainsbury's supermarket. The latter is located on the lower ground level of the centre which, by dint of sloping site has its main entrance facing onto the scheme's 561-space surface-level car park. Books etc is the other retail anchor within 02 'S main building. www.valsnsw.com.au offers accurate and affordable valuation services and apart from just valuations all other type of relative services is also offered, valuations help in determining the expenses of the property.
 


Radio Cafe, Yo! Sushi, Old Orleans and My Old Dutch join a line-up of restaurant and cafe traders that already includes Babe Ruth's Dome, Greene King and Ed's Easy Diner A 3,818 sq m (41,061 sq ft) Homebase DIY and garden store will be located on a stand-alone site at the western end of the scheme at the other side of the car park.

The latest signings have all been for 25-year leases. Radio Cafe is taking a 752 sq m (8,100 sq ft) unit on the scheme's Finchely Road level next to the entrance. This will be the second Radio Cafe in London for Capital Radio Restaurants Limited. Its first has been a massive hit with customers and was voted Theme Restaurant of the Year earlier this year in the third annual Carlton London Restaurant Awards.

Yo! Sushi will open what is its third London-based restaurant on the upper level of the scheme Yo! Sushi, which was founded by entrepreneur and former rock music stage designer Simon Woodroffe in 1997 will occupy a 195 sq m (2,100 sq ft) unit. The unit will be diagonally opposite the Warner Village Cinema and will have frontage onto the centre's impressive, 30-metre diameter themed central destination space.

The Yo! Sushi concept has proved highly popular Customers, who sit either on bar stools or in booths can select dishes that pass by on a custom- designed conveyor belt built into the counter . At 02 YO! Sushi is planning to create a restaurant operation with around 100 seats and a 56-metre long conveyor belt and a 56-metre long conveyor belt .
 
Old Orleans, a Scottish & Newcastle brand format will trade from a 652 sq m (7,020 sq ft) unit which is located in the heart of the scheme at Finchley Road level The restaurant, which will be adjacent to Books etc and Dome, will also open onto 02's impressive 35-metre diameter central destination space. My Old Dutch has acquired a 232 sq m (2,500 sq ft) on the upper level adjacent to Yo Sushi for its family-oriented pancake house and creperie. This will be the company's fifth outlet in the UK.
 


Comments Duncan Phillips of Burford We are delighted that Capital Radio Cafe, Yo Sushi, Old Orleans and My Old Dutch have decided to join the dynamic line-up of leisure and retail tenants already destined to open at 02. A commercial property valuer or solicitor should precisely check the parts of the property making the valuation more accurate and reliable. Their decision to take units at the centre emphasises the strength of this location as one of London's best new leisure developments. I'm sure they will prove to be particularly exciting leisure destination experiences - providing customers with a 'theatre of activity' within their offer.

The reason that we chose 02 as our North London site is that we believe that it is by far and away the most innovative and imaginative of any leisure and retail schemes yet conceived in the South of England.

Capital Radio's Radio Cafe was represented by James Andrew International represented Scottish & Newcastle Yo! Sushi and My Old Dutch represented themselves. Pension Funds and Investment Trusts in the first quarter of 1998 resulted in .2 billion of new money entering the commercial property investment markets according to the latest institutional investment figures.
 
This is the highest figure since 1992 and shows a 60% increase on the previous quarter with Pension Funds adding 6 million to their holdings and Investment Trusts million . commenting on the figures said, UK property performance is currently in the Premier League Total returns of 15% plus justify the institutions' confidence in the sector .
 

Continuing rental growth brought about by strong tenant demand and a still limited supply of new buildings. He adds, Finance for speculative development, which has so often been a feature in the past is still restricted. Shortage of office and retail supply in particular, maintaining the strong performance in these sectors Landlords are now able to negotiate higher rents and longer occupational lease terms adds John Stephen, In the London office market 15 year terms are now the accepted norm and 20 year terms are not unusual.

The currently robust market has absorbed these increases, but we can expect to see an increase in tax avoidance schemes to counter the threat of any future stamp duty increases, predicts John Stephen Even the hint of a further increase could have the effect of decreasing the amount the Government receives.

With long term interest rates now very low and equities looking skittish the fundamental attractions of UK real estate remain long, concludes Malcolm Naish. Facing a distinct lack in supply of investment grade property UK institutions continue to encounter stiff competition in purchasing real estate. For the most accurate valuations for your residential and commercial properties in Victoria, contact Valuations VIC today and experience the difference. According to John Stephen, 42% of London commercial investment purchases in 1997 was by overseas investors While 1998 may see a reduction in this figure as some Far Eastern and German investors adjust their buying requirements this could be replaced by an influx of US money into Europe which is now beginning to gather real momentum.

Malcolm Naish concludes Investor demand in the property sector will remain high while occupier demand is sustained . Acting on behalf of Scottish Provident, Jones Lang Wootton has completed the final letting of surplus space within 3 Lombard Street The first floor (610 sq m - 6567 sq ft) has been let to the Italian Cariplo Bank as expansion accommodation from their existing space within the building A lease to 2011 was agreed at a rent of £36 psf, with a market rent free period.
 
George Roberts, leasing agent for Jones Lang Wootton, commented Having received expressions of interest at the start of the refurbishment as approximately £28 psf, the letting demonstrates the growth in rents for refurbished accommodation over the last nine months Notwithstanding that fact, the transaction involved a tenant within the building other parties were prepared to match the rent and lease term secured.

which is subject to certain conditions and approvals, is scheduled to close between year-end 1998 and 1 February 1999 In terms of total property assets. The real estate valuation company offers comprehensive services to the people for valuation of all types of properties such as commercial, industrial, residential, plots, lands, etc. Hammerson Canada represented approximately 17% of the Hammerson group at 31 December 1997 Following the disposal, around 72% of Hanmmerson's portfolio will be in the UK with the balance in France and Germany Proforma gearing will be approximately 35%, based on December 1997 valuations The disposal of the group's Canadian activities .
 


The properties have been bought on a freehold basis from Carpetright plc Merseyside Pension Fund has initially paid £7.7 million for the investment and will add a further £0.3 million as a deferred consideration should Carpetright assign its lease to DSG Retail Limited within 18 months of completion of the purchase.

At present Carpetright has a lease on one unit while Harveys Furnishings Ltd has a lease on the other unit at passing rents of approximately £15.50 and £15 per sq ft respectively. that Tony Wilby has been promoted to the post of managing director with immediate effect. Mr Wilby, who also joins the Group's Executive Board, succeeds Keith Egerton . most recently Tony Wilby has been responsible for the company's UK commercial development activities Prior to joining Taylor Woodrow Property Company in 1988 he worked for English Estates.

Commenting on the appointment Mr Egerton said, 'Since joining Taylor Woodrow Tony Wilby has demonstrated sound commercial judgement and management skills. He has successfully run Property Company's UK Northern operations for over 10 years and more recently, has been responsible for the Company's commercial development activities in Scotland and the South of England I have every confidence in his ability to take Property Company's activities forward and I am sure he will prove to be a great asset to the Group Executive Board.
 
Jones Lang Wootton is pleased to announce the appointment of Sue Foxley as UK Investment Research Manager based in the West End office at 22 Hanover Square Sue, who was previously Research Consultancy Manager at St Quintin wide range of investment research issues and will be leading projects to advance the understanding of the sector for the benefit of JLW clients.Commenting on the appointment Jones Lang Wootton's Director of Research Rosemary Feenan says.
 


We are delighted to have Sue on board here at JLW, to contribute to the development of this fundamental and growing area of the business. Guardian Properties have acquired 1000 Great West Road from Haslemere estates for a price of £17.2m reflecting an initial yield of just under 10%. comprises a total of approx 98,635 sq ft with 330 car parking spaces. The property which is fully let on nine FR&I; leases to tenants including Reuters.

Commenting on the acquisition, Alan Lynch of Guardian Properties said 1000 Great West Road meets the Fund's current criteria for higher initial returns in a strong and improving location. Jones Lang Wootton represented Guardian Properties whilst Haslemere were advised by Richard Ellis. Following submissions from interested developers Nuneaton and Bedworth Borough Council has selected Richardson Cordwell as their preferred developer for a major retail and leisure scheme in the centre of Nuneaton, and Dennis Harvey, Leader of the Council believes new national retailers and leisure facilities .

who have recently completed over 500,000 sq ft of retail space including schemes in York and Birmingham have joined forces on previous occasions with Cordwell in and around the Midlands the latest being a major leisure scheme of 200,000 sq ft in Broad Street, Birmingham, anchored by a Virgin Multiplex and Entertainment Centre. We are providing comprehensive conveyancing work services to our property investors who want to do know property value before buying or selling property valuer. T

To be known as The Rope Walk after a former Victorian Street which ran over the site the scheme comprising approximately 19,140 sq m (206,000 sq ft) also, link with the Market Place via Coventry Street The high quality scheme will consist of several large stores, 22 shop units major leisure space and car parking for over 550 vehicles Initial interest has already been expressed by major retailers and Richardson Cordwell anticipate commencing on site to enable pre Christmas trading in 2000 Don Richardson commented. We are delighted to be involved in this excellent opportunity to provide accommodation of a size sought by major retailers in a prime location .