The main process of conveyancing should get performed by the assistance of the conveyancers who has the knowledge to perform the process. “However, prospective five year returns of 7-8% per annum still remain attractive.”The continued strength of the market is reflected in the growth of our commercial business.” We are strengthening our agency teams and increasing our transactional business. Competitive bidding may lead to premiums being attached to a portfolio purchase.
“We pride ourselves on client service and I would welcome feedback on any aspect of our business in which you are involved, as well as on the content of business lines, which I hope you will find informative and useful. broader recognition for the contribution the property sector makes to the fabric of the economy . particularly where new entrants to the market are seeking to buy portfolios.
In this capacity, Ian co-ordinates the bank’s activities in this sector, including financial advisory.In May 2006, it bought Regis House, London, EC4, for £83 million. The deal represents an initial yield of about 5%.
Work in education is carried out by many teams in the London office, particularly landlord and tenant, rating, project and building consultancy and planning. Recent cases include the lease renewal of Regent’s College for The Crown Estate and the rent review of the Court auld Institute for the tenant college.
The market for educational space has strengthened in recent years with the growth in demand for education occurring at all levels and not just confined to the private sector. The principal constraint is the shortage of property with a planning class D1 (educational) use.
Former church buildings are in demand for nursery space and some central London schools have taken office space on the basis of paying the higher rent for office or educational use. “Rents have moved up steadily, driven by open market lettings to new entrants and to established institutions, without the volatility of the office sector.” The need for space outweighs the longer term considerations. “Rating work continues for many universities and schools, including some teaching hospitals which are a specialty all of their own.”