With an estimated 10,000 UK shops due to close this year the Treasury Committee has launched a new inquiry into business rates to scrutinize how Government policy has impacted business. Read the full article here.
With a new business rates relief package due to take effect next month, Rob Cohen wrote about the relief extension and the potential benefits to the licensed trade here.
In the South West our team continued their great start to the year with recent highlights including the valuation of over £45m worth of property, an office investment sold for in excess of £2million and planning advice delivered on three residential schemes delivering 110 dwellings.
We have recently strengthened our national machinery and business assets team with the appointment of Mark Rowlands and Emily Higginbottom in our Manchester office. The appointments follow a bumper year for our specialist machinery and business assets team who have successfully completed 40 online auctions, realising over £11million in sales.
During February the first Housing Delivery Test (HDT) were released by the Ministry of Housing, Communities and Local Government having been delayed since November 2018, our planning team have summarised the results and looked at the potential consequences here.
Development of Hudson Quarter, a mixed-use scheme in York, comprising of 127 apartments and 34,500 sq ft of office space, started last month after Yorkshire-headquartered Caddick Construction were awarded the development. Please contact Richard Dunn in our office agency team for more information about the available space.
Our holiday and caravan park team had a busy month with a couple of deals completed and a number of new instructions. Recent deals included the sale of a substantial residential park in Swansea that sold for over £3,500,000 and Lizard Lane Caravan Park, a 5 acres well established mixed holiday caravan park in South Shields that was sold late last year within just three weeks of entering the market.
At the start of February we celebrated the first anniversary of our new Leeds office. The relocation not only saw us move in to Central Square, a brand new £100m development, but it also allowed us to invest in new technology and working practices that meet the corporate requirements of our increasing client base.