July Deals Update

Published on: 5th July 2018

During June we celebrated our Leeds office move with an opening party on the sky garden at our new Central Square offices. It was great to see a number of familiar faces and you can read a bit more and view a few event photos here. 

In the 12 months since last year’s business rates revaluation the number of business that have appealed their business rates assessments has fallen by a massive 89%. Read what our business rates experts made of the changes in our latest update.

Towards the start of June our specialist holiday and caravan parks team were pleased to report the confidential sale of Bingham Grange, a high quality touring caravan and camping park in the sought after county of Dorset. In the first six months of the year we have experienced strong demand for caravan and holiday parks across the country, as investors seek to expand their portfolios.

Last month we conducted an online auction of over 500 high-quality musical instruments and following the success of this sale we are now setting up for a further auction of over 600 musical instruments and accessories, including drums & percussion, brass & woodwind, amplifiers, pianos and studio equipment. Click here to view further details on the auction, which closes later this week.
We are pleased to announce three new partner announcements across our national office network. The promotions follow another year of strong trading, the launch of our new brand, our Leeds team moving into the landmark Central Square offices and four new shareholder appointments across our network of nine offices.

During June we were appointed to market the Lovelady Shield Country House Hotel in Alston, Cumbria, alongside our joint agents, Savills. We’ve created a short marketing video for the sale, which you can watch here.

Our Teesside office hosted an inaugural Footgolf Client event at Knotty Hill Golf Course in County Durham. The team invited clients and contacts from across the region to compete in the tournament and you can view a few pictures from the event here.

Our architecture team has been working closely with GMB on the remodelling and fit-out of Lifton House in the North East. The £1.6million project will see the GMB trade union move back into a property occupied by the union 130 years ago. 

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Merchant Park, the award winning development is expanding

Merchant Park, Newton Aycliffe the award-winning development and home to Hitachi Rail, is expanding in new and exciting ways. Recognising the demand for high spec units that any company would be proud to occupy, but critically of a smaller size, we are thrilled to announce the launch of Station Place. The all new Station Place development will build on the solid elements that made Merchant Park perfect for Hitachi Rail; excellent transport links for rail, road, sea and air and a developer committed to providing fit for purpose flexible space.

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Merchant Park, Newton Aycliffe the award-winning development and home to Hitachi Rail, is expanding in new and exciting ways. Recognising the demand for high spec units that any company would be proud to occupy, but critically of a smaller size, we are thrilled to announce the launch of Station Place.

The all new Station Place development will build on the solid elements that made Merchant Park perfect for Hitachi Rail; excellent transport links for rail, road, sea and air and a developer committed to providing fit for purpose flexible space.

[fulltext] =>

Station Place aims to build on that strong base and provide much needed high-quality industrial units from 5,000 sq.ft and the development will also provide potential occupiers with a design and build option.

To complement the new direction for the site, our North-East agency team have been appointed alongside joint agents CBRE by Merchant Anglo (AP) Property Holdings Limited.

Chris Dent, head of our North East industrial agency team commented that "Station Place represents a new chapter in the evolution of industrial space in Newton Aycliffe, which we are excited to be a part of. We know there is demand for smaller flexible high-quality industrial units that simply isn't being catered for - Station Place will tick the boxes for that market".

Designed by Ryder Architecture, Station Place will be ready of occupation in Summer/Autumn 2019.

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SW Teesside host inaugural Footgolf client

Yesterday our Teesside team invited clients and contacts from across the region to compete in the first SW Footgolf competition at Knotty Hill Golf Course in County Durham. Thank you to all that attended, including teams from Endeavour Partnership, TBI Law, Archers Law, Erimus Insurance Brokers, Handelsbanken, Baines Jewitt and Active Chartered Financial Planners.

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Yesterday our Teesside team invited clients and contacts from across the region to compete in the first SW Footgolf competition at Knotty Hill Golf Course in County Durham.

Thank you to all that attended, including teams from Endeavour Partnership, TBI Law, Archers Law, Erimus Insurance Brokers, Handelsbanken, Baines Jewitt and Active Chartered Financial Planners.

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Congratulations to the winners – Handelsbanken. Second place were Erimus Insurance Brokers and third were TBI Law.

Commiseration’s to one of our own teams who were incredibly respectful hosts and finished in last place.

Event Gallery

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Three partner promotions announced

We are pleased to announce three new partner announcements across our national office network. The promotions follow another year of strong trading, the launch of our new brand, our Leeds team moving into the landmark Central Square offices and four new shareholder appointments across our network of nine offices.

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We are pleased to announce three new partner announcements across our national office network. The promotions follow another year of strong trading, the launch of our new brand, our Leeds team moving into the landmark Central Square offices and four new shareholder appointments across our network of nine offices.

[fulltext] =>

Simon Elliot, head of our public-sector consultancy team, was promoted to partner earlier this year. Simon has almost 30 years’ experience advising a range of public sector organisation and private clients dealing with the public sector and is framework manager for our approved supplier position on the Crown Commercial Service Estates Professional Framework.

Also promoted was Chris Howell, partner in our Bristol office. Chris has over 18 years post qualification experience and joined us last year following seven years’ experience in JLL’s property management team. In just over a year Chris has further strengthened our multi-service offering and works with our agency and property management teams across the South West.

In our North East building consultancy team, Kenny Hiles has also been promoted from associate partner to partner. Kenny joined us in 2005 and his a wide range of experience in commercial building surveying.

Martin Archer, Finance Director commented on the recent promotions, “We take great pride in being able to acknowledge and reward the hard work of our existing staff and we are delighted to announce the recent promotions.

All three of the partners are greatly deserving of their promotions and consistently demonstrate their ability to build strong client relationships and provide excellent advice to clients across their respective disciplines. We hope the promotions act as a foundation for the year ahead as we look to develop our presence and enhance our reputation throughout our network of offices.”

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Leeds team host party on Central Square sky garden

We recently celebrated our Leeds office move with an opening party on the sky garden at our new Central Square offices, which was attended by clients and contacts from Yorkshire, and further afield. We completed a move to the £100 million Central Square development on Wellington Street with our team of 80 moving into the prime grade A office space on the sixth floor and our residential agency team taking a unit on the ground floor.

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We recently celebrated our Leeds office move with an opening party on the sky garden at our new Central Square offices, which was attended by clients and contacts from Yorkshire, and further afield.

We completed a move to the £100 million Central Square development on Wellington Street with our team of 80 moving into the prime grade A office space on the sixth floor and our residential agency team taking a unit on the ground floor.

[fulltext] =>

David Rastrick, head of our Leeds office commented, “Our recent move in to one of Leeds landmark buildings has further reinforced our commitment to the Leeds and Yorkshire area, where we’ve been a leading name in property services for over a century.

It was great to see many familiar, and meet a number of new, faces at the event and I would like to thank everyone for joining us to celebrate the office opening in style.

We knew that we were at the mercy of the sometimes-unpredictable Yorkshire weather, but were fortunate enough to have the sun shining down all evening, enabling us to show off the unrivalled views of Leeds that the Central Square Sky Garden offers.”

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£1.6million refurbishment of Lifton House for the GMB Trade Union is now underway

Construction work has started on site for the remodelling and fit-out of Lifton House for GMB. The £1.6 million project will see the GMB trade union move back into a property that was previously occupied the union 130 years ago. Our in-house architecture division, SW Architecture, have been working closely with GMB to turn the vision into reality. The commission sees us consult on architecture, interior design, building surveying, quantity surveying, and project management.

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Construction work has started on site for the remodelling and fit-out of Lifton House for GMB. The £1.6 million project will see the GMB trade union move back into a property that was previously occupied the union 130 years ago.

Our in-house architecture division, SW Architecture, have been working closely with GMB to turn the vision into reality. The commission sees us consult on architecture, interior design, building surveying, quantity surveying, and project management.

[fulltext] =>

Following its completion Lifton House will become GMB’s regional headquarters and will see them move from their current offices on Mosley Street. The space will create a modern flexible working environment that has been designed to work in harmony with the existing historic features of the building.

Commenting on the project, Billy Coates, Regional Secretary for the GMB, Northern Region, said: “The GMB is absolutely delighted in returning to occupying Lifton House, the former National Headquarters of the Boilermakers’ Union. Lifton House was the first purpose-built Trade Union Headquarters in the late Nineteenth Century. It is a beautiful building in a wonderful part of Newcastle. It is fitting that the GMB Northern Region will be moving to a fit for purpose, state of the art Headquarters and set the scene for a modern 21st Century Union.”

Stephen Richardson, partner and head of SW Architecture, commented: “This has been a fantastic project for SW Architecture to be involved with. To assist the GMB trade union in returning to one of their first buildings after all this time and to be able to restore this grand building after the architectural impact of past works in the 60’s and 70’s has filled the entire design team with immense pride”.

Following an enabling works contract to carry out initial strip out works Northern Bear have also been appointed to carry out the main construction works. Commenting on the works, Neil Jukes, managing director for Northern Bear, said: “We are looking forward to turning the clients and architects vision into a modern office space within the constraints of the existing building”.

Works are due to complete in spring 2019.

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Business rates appeal process continues to fall short of expectations

In the 12 months since last year’s business rates revaluation the number of business that have appealed their business rates assessments has fallen by a massive 89%. Figures released last week showed that only 23,770 businesses had served Checks on the Valuation Office Agency (VOA) in the period April 2017 to March 2018, contrasting with 222,000 appeals served in the year following the 2010 revaluation. Owing to a seven-year Rating List, implemented by the coalition government of 2013, the 2017 business rates revaluation led to thousands of businesses receiving increased rating assessments of greater than 50% and a package of relief that was inadequate and unfair for many. Despite this and the fact excessive business rates are regularly cited as being a major contributing factor to failing high streets and difficulties in the leisure sector, it is staggering that only 1.3% of rateable values (RVs) have been challenged.

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stdClass Object ( [state] => 1 [modified] => 2018-06-12 15:36:19 [id] => 1527 [asset_id] => 1892 [title] => Business rates appeal process continues to fall short of expectations [alias] => business-rates-appeal-process-continues-to-fall-short-of-expectations [introtext] =>

In the 12 months since last year’s business rates revaluation the number of business that have appealed their business rates assessments has fallen by a massive 89%.

Figures released last week showed that only 23,770 businesses had served Checks on the Valuation Office Agency (VOA) in the period April 2017 to March 2018, contrasting with 222,000 appeals served in the year following the 2010 revaluation.

Owing to a seven-year Rating List, implemented by the coalition government of 2013, the 2017 business rates revaluation led to thousands of businesses receiving increased rating assessments of greater than 50% and a package of relief that was inadequate and unfair for many. Despite this and the fact excessive business rates are regularly cited as being a major contributing factor to failing high streets and difficulties in the leisure sector, it is staggering that only 1.3% of rateable values (RVs) have been challenged.

[fulltext] =>

Rob Cohen, Partner in our Rating team commented, “The drop in the number of businesses contesting their rateable value cannot be attributed to businesses accepting their bills as some in Government may contend but is down to the overly complex Check Challenge Appeal process (CCA) that was introduced alongside the 2017 Revaluation.

“It was not long ago that the government released figures showing that 90% of users are currently dissatisfied with the new CCA process and these figures coupled with the huge decline in businesses contesting their RVs are difficult to ignore. They point to a system that has failed to deliver what it set out to and the system that should be delivered as part of a fair and transparent taxation system in a developed country. The reforms made by the Government to the appeal system last year were poorly construed and poorly implemented and, if they are to avoid continued criticism and potentially judicial reviews on matters, HMRC needs to make significant changes to make the system more user friendly, remove red tape and release their staff of bureaucracy and targets that make it difficult for them to perform their duties.”

Graham Isle, Partner, also commented, “The extra burdens placed on ratepayers in challenging their rate assessments has resulted in a significant delay in the majority of ratepayers commencing the process, and even when the process has commenced, it could in some circumstances take up to 30 months before an appeal to an independent tribunal can be made. The whole process has led to further financial pressures for companies, especially in the retail and service sector. This can be evidenced by the number of recently approved compulsory voluntary arrangements entered into and store closures which ultimately lead to job losses.”

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