UK Commercial Property News: June 2010

Tuesday 29 June 2010

Rents Stabilise in the Scottish Commercial Property Market

A dour, but steady, recovery is underway in the Scottish commercial property market, reflecting the slow progress of the economy. The view from Ryden is that the industrial sector has experienced the shallowest decline and, while demand for offices is reduced, it is steady. The lack of new development is putting a floor under the market. CB Richard Ellis notes that the revival in the final quarter of 2009 “lost some pace in the first quarter of this year, although still displaying strong total returns of 5.5% with capital growth of 3.8%.”

The good news in the analysis is that office rents were flat in January-March after declining in the final quarter. The agent added that “surveys for Scottish business sentiment have been disappointing and in the first quarter the Lloyds TSB Business Monitor suggested that 47% of businesses reported a decline in turnover, while the Scottish Chambers of Commerce referred to a decline in confidence and activity. It should be remembered that the weather was harsh in Scotland in the first few months of the year, and this is known to have hit the level of activity. Sales and lettings of offices are running at only 75% of the long term average with the resilient performance during the recession owing a lot to a number of substantial deals in Glasgow. The market is waiting for economic recovery to lift the performance.

The West of Scotland has been less affected by the decline in the industrial market than other parts of the country. Ryden said: “The prospect of market recovery including rental performance and investor interest is encouraging developers in some locations to start preparing proposals for new industrial schemes. Occupier demand remains healthy for units smaller than 929 sq.metres (10,000 sq.ft.) but with fewer deals at the larger end.” There should be no surprise, therefore, that investment in industrial property has been strong with returns last year double the rest of the UK.

The Scotland Commercial Property Register

The Scotland Commercial Property Register for Sctoland is a leading UK business property publication from Martin Austen Publishing. The aim of the publication is to offer a simple and effective means of finding Offices Space, Serviced Offices and Commercial Property in Scotland . You can also find the latest commercial property news for Scotland.

Tuesday 1 June 2010

Putting heart back into Slough

Construction has started on the £450 million ‘Heart of Slough’regeneration programme which will replace the bus station. The development is the key to improvement in Slough and will give: 1,600 residential units; Over 33,987 sq.metres (365,840 sq.ft.) of offices; A new bus station; A hotel; Public library and road and public realm improvements. Michael Garvey of Stupples said
Slough had been more active this year and his firm had completed two lettings in
Beechwood House to Zenos, a training company, and F&C Reit. He said: “Slough has become more active and there are other deals in solicitors’ hands.” Garvey is also Stupples’ point man for High Wycombe where he said there was a shortage of good quality industrial properties which was particularly damaging
to the small business sector.

The Thames Valley Commercial Property Register

The Thames Valley and Heathrow Commercial Property Register is a leading UK business property publication from Martin Austen Publishing. The aim of the publication is to offer a simple and effective means of finding Offices Space in Thames Valley , Serviced Offices in Thames Valley Commercial property in the Thames Valley area. You can also find the latest commercial property news for the Thames Valley region.

Segro Sells

The steady development of SEGRO’s IQ Farnborough is continuing with the prospective sale of a 15 acre site to TAG Aviation. As the owner of the nearby Farnborough Airport, TAG is looking to develop an office and airport facilities scheme as part of a policy of operational expansion at the airport. The SEGRO site has planning permission for a 26,570 sq.metres (286,000 sq.ft.) office complex. In nearby Aldershot, the plan for an expansion of the town by the Homes and Communities Agency (HCA), in conjunction with Defence Estates has moved
a step nearer with developers being invited to bid for the site. The plan is for a mixed use scheme of 4,500 residential units with a whole range of other
facilities, such as local centres and leisure facilities. The site has been released as part of the Strategic Defence Review. Drivers Jonas Deloitte will be the adviser for the sale. DJD’s Alex McKinlay said: “The Aldershot Urban Extension is the most significant MOD property to be sold outside London in the last decade. We expect
competition to be fierce among the leading players in the development field.”
Kevin Bourner of the HCA said: “We will ensure that the new development serves the people of Aldershot and invigorates the town centre. The winning bidder will have to achieve high standards of sustainability and design.”

The Thames Valley Commercial Property Register

Bracknell Bounces

On the basis of a number of substantial requirements and an increase in enquiries, it looks as if Bracknell could be the most active town in the Thames Valley this year. The buoyancy has certainly provided a lively start to Simon Fryer’s new agency in the town, Fryer Commercial, in its first few months. Fryer said: “There is plenty of business in Bracknell with lots of properties on offer. There are seven known and named companies seeking 11,613 sq.metres (125,000 sq.ft.) which has meant a rise in the number of viewings and proposals.” He added that there are another three companies looking at taking offices in Bracknell, including some who have not been located there before. “This is very encouraging,” said Fryer, whose firm, together with NB Real Estate, is marketing the 10,223 sq.metres Lakeside office
complex owned by Commercial Estate. This was previously owned by Prupim and occupied by Cable & Wireless.
Fryer said: “We are offering highly competitive deals at Lakeside which means tenants have no bills to pay before
moving in, no fit out costs and a monthly rent.” Commercial Estates is improving the building by adding a gym and shop.
The timing of RO Developments’ new scheme for two offices totalling 10,220 sq.metres (110,000 sq.ft.) in Bracknell will, on the basis of recent activity, be spot on. It has detailed planning permission for two buildings, in association with Urban Switch, in Market Street, Bracknell town centre. The largest of these will be 6,968 q.metres (75,000 sq.ft.) and
they are designed to achieve the BREEAM rating of excellent. ROD’s Andy Busby said: “We have secured a number of other town centre sites with generous on site parking and close to main line railway stations to give occupiers and their staff a real choice as to how they travel to work.” Bracknell has a well developed road network and is close to the M3 and M4 motorways. Joint letting agents are Knight Frank and Jones Lang LaSalle. Meanwhile, Bracknell Forest Council has adopted a new Character Area Assessments document that will become one of its Supplementary Planning
Documents and a basis for considering future planning applications.

The Thames Valley Commercial Property Register

Crown Estate Deals

The Crown Estate has sold half its shareholding in the Westgate Centre, Oxford to Land Securities. This follows the Estate’s purchase of the centre from Capital Shopping Centres for £56 million. Land Securities is paying £28 million for the stake, a yield of 6.75%. The attraction for the developer is that a site has been cleared adjacent to the 29,728 sq.metres complex for a new shopping centre of 69,675 sq.metres to be anchored by a John Lewis department store, John Akers of Land Securities said: “In partnering the Crown Estate, we are building on the relationship established at Exeter and based on a shared approach to long term asset management.”

The Thames Valley Commercial Property Register

Rents hold up in Reading

Reading has been hit hard in the recession with office lettings down 67% last year to 12,166 sq.metres (130,955 sq.ft.). The report from Hicks Baker notes that “many of the occupiers with lease breaks or expiries who were expected to fuel demand in 2009 chose to stay with a safety first, do nothing approach coinciding with landlords prepared to be flexible in order to retain them.” Stephen Head of Hicks Baker: “There is still a lack of demand and commitment but there is still more chance of trophy deals this year than in 2009.There are some grounds for optimism because Grade A rents have remained robust despite weak demand.”

The slow market has not deterred either deals or new development proposals. For example, Heineken is considering a mixed use scheme on its 62 acre Berkshire brewery site, which came with its take over of Scottish & Newcastle. Salmon Harvester Opportunity Fund, the joint venture of Salmon Harvester and NF Mutual, has bought the 20,690 sq.metres (222,713 sq.ft.) Stadium Way Industrial Estate, Reading for £17.4 million, a yield of 7.25%. RO Developments has also continued an active policy and is now marketing its 1,529 sq.metres (16,457 sq.ft.) newly refurbished One Manor Park. ROD has three other adjacent properties on Basingstoke Road, Reading.

Better in Basingstoke

Activity has picked up in Basingstoke and in a more confident approach a developer is being sought for the 167,220 sq.metres (1.8 million sq.ft.) redevelopment of the Basing Business Park. This would be a long term project of up to 15 years and is being promoted by Basingstoke and Dean Council. It wants a mixture of offices (about half the total), a hotel and serviced apartments, residential, shops and leisure. There is already an approved master plan by Broadway Malyan for the 65 acre site, which was built in the 1970s. The plan envisages several business districts and a pedestrian boulevard linking the park to the town centre through Grosvenor’s Festival Place Shopping Centre.

At another business park in Basingstoke, MEPC’s Chineham Park, there is an aggressive policy of overcoming the effects of the economic slow down. An example of this is that an enterprise hub for SMEs has been created. MEPC’s Rupert Batho said: “Last year we set ourselves a nine month target to create a small business campus in the Elmwood area of the park. With Basingstoke offering all the requisite elements of an entrepreneurial economy we know there would be a requirement for such a centre.” As part of this project, MEPC has launched ‘Greenlite’ which is a simple and flexible way to lease office space for companies who employ between 10-50 people.”

At the Hatch Industrial Park, Surecalm Healthcare Ltd has taken Unit 6 comprising 853 sq.metres (9,185 sq.ft.). This deal completed in May 2010. Prior to this, Oventrop, a leading manufacturer of valves and controls for the building services industry, purchased the long leasehold interest of Unit 11 comprising 2,090 sq.metres (22,497 sq.ft.). CBRE’s Ruth Tytherley commented: “This sale brings the occupancy rate up to approx 55%, with firm interest being shown in two of the remaining five units.”

The Thames Valley Commercial Property Register

Staines also performs

Having outperformed its historic average in the recession, Staines is set for rental growth this year. That is the view of Knight Frank in its assessment of the M25 market. The strong performance also applied to Chiswick and Hammersmith. Looking ahead, Knight Frank predicts that in the next 12-18 months “demand for offices will be driven by lease flexibility and value for money.” Before the end of 2012, almost 557,400 sq.metres (6 million sq.ft.) of lease break expiries are anticipated across 19 key towns in the south east. This list includes Reading, Slough and Bracknell.

The agent also anticipates that, as far as the M25 is concerned, (the main part of which covers the top towns in the Thames Valley) take up will increase by 15% this year. Knight Frank believes that financial and business services will continue to grow rapidly and will account for nearly half the economy in the south east in 20 years’ time. On rents, the current year could see further declines but stability will return in 2010.

The Thames Valley Commercial Property Register

Hesitant recovery

The once dynamic Thames Valley office market is on course for a slow recovery after a difficult performance in 2009 when take up was the lowest since 2001 and 52% down on 2008. But it is a mixed picture with Reading continuing to languish but Bracknell on course for a strong showing as companies seek space. Cushman & Wakefield calculate the 2009 take up at 82,774 sq.metres (891,000 sq.ft.) but added that “the outlook for 2010 is brighter with the market expected to stabilise with the amount of office space likely to fall towards the end of the year.” The result of the tough 2009 was that average rent has dropped by 11.6% to £257 a sq.metre (£11.90 a sq.ft.), the lowest level since 2004.

Given the fact that the Thames Valley office market is the second largest in the UK, this means that tenants are in prime position for deals. That may not last because new development has dried up. It is also worth noting that according to C&W total requirements are 22,7612 sq.metres (2.45 million sq.ft.). The firm’s Charles Dady said: “When we look back in a year’s time, the first quarter of this new decade may well be regarded as the turning point of the cycle. The recovery will be gradual but areas where supply is most constrained the main CBDs, for example, will see a quicker turn around in fortunes as confidence returns.” To put it in context, there are three speculative developments in the area totalling 21,060 sq.metres (227,191 sq.ft.) and this should be compared with 18 buildings totalling 106,839 sq.metres (1.15 million square ft) in 2009. C& W reckon “the funding wheels will start to turn during this period and the next cycle may be closer than we think.” So that is encouraging. In the past the Thames Valley has gained with the recovery of central London, which is well under way. The hope now is that it will be an increasing influence.

The Thames Valley Commercial Property Register

Wind of Change in the Midlands

The upheaval and rationalisation in the commercial property market, as well as the economy at large, has had its effect in the Midlands. For example, the wealth management arm of the Anglo Irish Bank is seeking a buyer for its 18,859 sq.metres office at 1 Colmore Square, Birmingham, for £90 million, a yield of 5.75%, the same price it paid the developer Richardson Barberry in 2004, a year after the property was completed. The fact is that the Irish investors and financial institutions, like others in many countries, are under pressure. Some investors are also taking profits in the upswing in the market.

Another example is that the private Irish company Signature Capital is seeking £23.6 million for Direct Line House, 10-15 Livery Street. Some property companies have gone bust, such as a number of Junared companies where Deloitte is the administrator. Deloitte’s Joint Administrators Matt Cowlishaw and Dominic Wong have completed the sale of the partially completed scheme on the site of the former Birmingham Mint at Hockley to Raybone Developments. This mixed use development is to have 192 residential units and 4,738 sq.metres of commercial space. Construction stopped in September 2007 just as the UK was moving into a tougher economic climate.

The picture is, however, far from being totally negative. New deals are going ahead, such as Standard Life investments, on behalf of the South Yorkshire Pensions Authority, forward funding a 210 bedroom Travelodge at Birmingham Wholesale Market, a regeneration area. In this case, it is on the site of the former UPS parcel depot next to the Bullring Shopping Centre and is part of a £45 million mixed use scheme by Gallan Developments. The hotel will be completed next year. Meanwhile, ASDA has launched the first phase of it £100 million investment in Birmingham by considering a large store on Barnes Hill as part of a programme that will include supermarkets and mixed use developments in the city.

The Midlands Commercial Property Register

The Midlands Commercial Property Register is a leading UK business property publication from Martin Austen Publishing. The aim of the publication is to offer a simple and effective means of finding Offices Space, Serviced Offices and Commercial Property in the Midlands . You can also find the latest commercial property news for the Midlands.

Midlands Property Market Stablises

The UK office market is now showing signs of stability after the traumas of the past few years as rents and incentives stabilise. That is the view of Jones Lang LaSalle in its research into 165 office centres throughout the UK. There are a number of towns and cities where rents are now rising, such as Derby and Newcastle-under-Lyme, due to an addition of new quality offices.

The research also shows that in a number of major regional cities (it mentions Manchester, Liverpool and Leeds) “rental levels have remained unchanged since March 2009.”JLL’s Angus Currie said: “Supply of prime offices is tightening in certain core markets with rents and incentives firming up as a result. With little development likely to come through in the short to medium term, we anticipate that this trend will continue as the availability of quality and better located space decreases. Our advice to occupiers in many markets is to act sooner rather than later to secure space on preferential terms and to deliver tangible benefits to the bottom line.” This message certainly applies in the Midlands, particularly in Birmingham, and should be widely appreciated.

In Nottingham, Savills notes “a marked increase in local confidence, particularly in the restaurant and leisure sectors. The number of companies looking to establish themselves within Nottingham and the surrounding areas has once again started to increase.” In this case, Savills quotes the example of the letting of the former Scruffy’s Restaurant in the Lace Market within 24 hours of receiving the instruction.

The agent says that “the Lace Market and Hockley are enjoying a revival.” While this may apply to leisure it also illustrates the growing appeal of Nottingham as a business location. The overall improvement in Nottingham is also shown by the completion of a £3.5 million Biomedical Research Unit at Nottingham University Queens Medical Centre. It was developed by Simons Group, a privately owned property solutions business established in 1944.

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Crawley Commercial Property Revival

A spate of deals has lifted the market in Crawley, notably two sales of sizeable office blocks. At the same time the industrial market has remained tough with demand concentrated at the smaller end.

Michael Deacon-Jackson of FTD JOHNS said: “So far this year we have seen deals of over 3,716 sq.m. which is more than in the whole of 2009.” Some tenants have used the increased activity to prise favourable deals out of their landlords by indicating they were moving.” He added: “We have achieved two notable sales this year, both to owner occupiers. These were SEGRO’s 1,486 sq.m. South Point and Glenbeigh Developments’ G3 at Three Bridges.” In addition his firm acted in letting offices in Northgate House to Alexander Lloyd and Stiles Harold Williams has also acted in a letting at Elm Park Court.

The encouraging point for the future is that there are two agent led enquiries for around 929 sq.m. for Fender Group and Air Partner. Nevertheless, there remains an oversupply of offices. As far as industrial property is concerned, Deacon-Jackson said: ”Demand and supply is in reasonable balance. GE showed with its Brunel Centre that investing money in the units (in this case £50,000 each) can be rewarded with lettings that enabled the agent to inch the rent up to £83.39 a sq.m. One of the problems for the agents remains that the deals are taking longer to complete than in the past.

Another significant deal in Crawley has been Cantium getting planning permission for a 3,995 sq.m. supermarket on the site it has held for 18 months adjacent to the County Oak Retail Park. Chris Boulter of Cantium said: “This has been a real achievement for us because the site is close to the Manor Royal Industrial Estate where 30,000 people work. We are now going to the market with the proposal which is for a nicely sized unit.The 18 months’ ownership has given us the time to exploit the full potential of the site.”

The Kent, Surrey and Sussex Commercial Property Register

The Commercial Property Register for Kent, Surrey and Sussex is a leading UK business property publication from Martin Austen Publishing. The aim of the publication is to offer a simple and effective means of finding Offices Space, Serviced Offices and Commercial Property in Kent Surrey and Sussex. You can also find the latest commercial property news for this region.

Farrell Leads in Kent

Architect Sir Terry Farrell is certainly getting his fair share of commissions in Kent with contracts in both Ashford and down the road in Folkestone. The plans for Ashford are really ambitious and the £2.5 billion investment seeks to build 31,000 homes in the next 21 years, doubling the town’s size. Initially 7,500 residential units are due to be completed by 2012. The Farrell plan is not simply about building more houses but includes a new station quarter, commercial quarter and a bridge over the rail line which carries the Eurostar service through Kent to London. Led by Ashford Future, the regeneration company, there will also be investment in improving the edges of the town centre.

As far as Sir Terry is concerned “Ashford could become one of the country’s most prosperous and dynamic towns, helped by the Eurostar rail link effectively providing a gateway for Europe.” That also means that the town has many of the qualities that Sir Terry feels create a strong and vibrant community. In the case of Folkestone, Terry Farrell & Partners will draw up plans for the harbour and seafront in a residential led project which will have large elements of public and mixed use space. The initial effort has been to hold an exhibition and public consultations.

Sir Terry said: “Now is the time to bring about the renaissance of Kent’s coastal towns. Thanks to the high speed rail link connecting with Europe, Folkestone is less than an hour away from London making it perfectly placed for growth.” Trevor Minter of the harbour company said: “The proposal will deliver significant benefits to the public realm and create an attractive seafront environment.” The company is owned by Roger de Haan, whose family built upthe largest employers in the town, Saga. His charitable trust has been buying up and improving properties since he purchased the company from Sea Containers for £11 million. His focus is on an arts led regeneration and the town has seen a variety of events, including public sculpture.

The Kent, Surrey and Sussex Commercial Property Register

The Commercial Property Register for Kent, Surrey and Sussex is a leading UK business property publication from Martin Austen Publishing. The aim of the publication is to offer a simple and effective means of finding Offices Space, Serviced Offices and Commercial Property in Kent Surrey and Sussex. You can also find the latest commercial property news for this region.

Land Securities Sells Kent Portfolio to Schroders

Land Securities has sold the Park Farm and Phases IV and V Albany Park, Frimley, Surrey to Schroders Exempt Property Unit Trust (SEPUT) for £11.85 million, an 8.03% yield. The portfolio is a mixture of retail warehouse and industrial units. There is a Focus (DIY) store, a 3,392 sq.metres (36,511 sq.ft.) warehouse let to Travelex Currency Services and small industrial units totaling 1,852 sq.metres (19,931 sq.ft.). Another substantial deal in Surrey has seen Mountgrange Investment Management agreeing to pay Scottish Widows £23.5 million for the Meadows Business Park, Camberley, for a yield of 8.75%. The park has 13,006 sq.metres (140,000 sq.ft.) of Grade A offices as well as a 1,486 sq.metres (16,000 sq.ft.) of storage space. Occupancy rates are currently 80% on the park with seven occupiers. Rob West of Mountgrange commented: “Meadows Business Park is a best in class office development. It was purchased at well below replacement cost with an attractive running yield which will increase upon letting the vacant space.”

The Kent, Surrey and Sussex Commercial Property Register

The Commercial Property Register for Kent, Surrey and Sussex is a leading UK business property publication from Martin Austen Publishing. The aim of the publication is to offer a simple and effective means of finding Offices Space, Serviced Offices and Commercial Property in Kent Surrey and Sussex. You can also find the latest commercial property news for this region.

New East London Tube Line Arrives in Croydon

Croydon businesses have been boosted by the arrival of the new East London Line, in what has been hailed as an historic development for London’s rail infrastructure. The new line is expected to stimulate growth and provide opportunities across the area by making access to many jobs in London much easier, and also develop Croydon’s status as a centre for retail and commerce further.

The 14 mile line runs from West Croydon to Dalston in North London, and has cost £1 billion with another £500 million being spent on 57 new trains. Four trains an hour will run into West Croydon. Ian Brown, Managing Director of London Rail for Transport for London, said that the importance of the new line should not be underestimated. “For local people and local businesses in Croydon it will make a heck of a difference,” he said.

Local businesses said that the opening of the East London line further enhances Croydon Town Centre’s claim to be one of the best connected locations in the country including the Tram network, now 10 years old, and East Croydon’s high speed train links all set for redevelopment. “The opening of the East London Line will add to the fantastic transport connections available here in Croydon Town Centre,” said Ros Morgan, Director of Croydon Town Centre BID. “I’m looking forward to welcoming new shoppers and businesses into the area to take advantage of our facilities via the new tube line.” Andrew Bauer, Centre Director at the Whitgift Shopping Centre added: “The arrival of the East London Line into West Croydon will have the immediate trade benefit of providing a direct link to existing and new retail custom in Crystal Palace and Norwood, and in the longer term the West/East linkage to Canary Wharf will strengthen Croydon as an office location, bringing new employment and greater prosperity to the area.”

At the same time, Croydon Council has halved the size of the proposed Park Place development to 46,450 sq.metres (500,000 sq.ft.) and will now look for a development partner. It will also seek a new master plan for the site. Minerva, that owns 80% of the site, is considering a sale of the holding but might also seek to be involved in the new scheme.

The Kent, Surrey and Sussex Commercial Property Register

The Commercial Property Register for Kent, Surrey and Sussex is a leading UK business property publication from Martin Austen Publishing. The aim of the publication is to offer a simple and effective means of finding Offices Space, Serviced Offices and Commercial Property in Kent Surrey and Sussex. You can also find the latest commercial property news for this region.

Woking Plan a Regeneration

Willmott Dixon Development has joined Carisbrooke and Woking Borough Council for the £250 million regeneration of the Surrey town. The plan is for the development of a 5.7 acre site in the town centre adjacent to the railway station for a 46,450 sq.metres (500,000 sq.ft.) mixture of residential, leisure, commercial and retail space. Willmott Dixon’s Andrew Telfer commented: “Woking Gateway has all the essential ingredients to make the project an outstanding success with complementary partners with the combined skill sets to prepare and realise a great design.” He added that the company has a strategic aim of further mixed use developments. Carisbrooke’s Neil Young said: “We hope to finalise the master plan and achieve planning permission within two years.”

The Kent, Surrey and Sussex Commercial Property Register

The Commercial Property Register for Kent, Surrey and Sussex is a leading UK business property publication from Martin Austen Publishing. The aim of the publication is to offer a simple and effective means of finding Offices Space, Serviced Offices and Commercial Property in Kent Surrey and Sussex. You can also find the latest commercial property news for this region.

West London Commercial Property Shows Resilience

Industrial property has performed well in the first half year in West London, reported Jones Lang LaSalle. The total of industrial property let in the Western Corridor in January-June was 147,711 sq.metres (1.59 million sq.ft.) of which roughly half was in West London, the majority of which was Grade B. This was 3% above the same period of 2009. Bridget Outtrim of JLL said: “While transactions across the region have reduced, West London has remained relatively resilient which is, perhaps, surprising given its exposure to the volatile air cargo sector around Heathrow. It has a broad occupier base and the lull at Heathrow has been offset by activity around Park Royal and the A40.” She also suggested that the market was benefiting from the need to supply goods and services to London’s huge and growing population and “combined with an ability to stem the flow of development activity relatively quickly, has carried West London property through a difficult period.” Landlords have been quick to respond to a tougher market by cutting rents in 2009, and between 2% and 4% this year. The office market in West London has also been resilient, exemplified by Tullow Oil leasing 12,449 sq.metres (134,000 sq.ft.) at Chiswick Park, the largest office letting in the Thames Valley. An oil services company, Baker Hughes, is also taking 2,044 sq.metres (22,000 sq.ft.) on the park while there are smaller lettings to Intelsat and Bluefin Solutions.

The Thames Valley Commercial Property Register

The Thames Valley and Heathrow Commercial Property Register is a leading UK business property publication from Martin Austen Publishing. The aim of the publication is to offer a simple and effective means of finding Offices Space in Thames Valley , Serviced Offices in Thames Valley commercial property in the Thames Valley area. You can also find the latest commercial property news for the Thames Valley region.

Kent Commercial Property News - In Brief

Flybe has started a daily service between Edinburgh and Manston which is a key event in the expansion of the Kent airport. Tom Watson of InfratilAirports Europe, the owner of Manston, said: “The new service, the first daily from an airport in Kent, demonstrates Manston’s capabilities as a regional airport for the south east and offers the prospect of
a further 50,000 passengers using the airport each year.

The Kent, Surrey and Sussex Commercial Property Register

The Commercial Property Register for Kent, Surrey and Sussex is a leading UK business property publication from Martin Austen Publishing. The aim of the publication is to offer a simple and effective means of finding Offices Space, Serviced Offices and Commercial Property in Kent Surrey and Sussex. You can also find the latest commercial property news for this region.

Sittingbourne also seeks change

Sittingbourne is another town in Kent that plans a major regeneration and this has taken a step forward with the sale of the former M-Real paper mill site. The 14 acre site in the town centre has been empty since 2007 and will be redeveloped as part of the plan for the Swale Local Authority. The site has now been bought by Essential Land LLP through Strutt & Parker.

The Kent, Surrey and Sussex Commercial Property Register

The Commercial Property Register for Kent, Surrey and Sussex is a leading UK business property publication from Martin Austen Publishing. The aim of the publication is to offer a simple and effective means of finding Offices Space, Serviced Offices and Commercial Property in Kent Surrey and Sussex. You can also find the latest commercial property news for this region.