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Less than 50% of City of London office developments in the pipeline are being built speculatively. Consequently, says GVA Grimley, pre-lettings will continue to be a prominent feature of the market for the next three years, contributing to above-average rental growth for prime space over the next five years.
30/09/2005
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New fee earning figures released by GVA Grimley have shown that the Birmingham offices team outperformed all other offices teams within the firm’s UK business during the year 2004/05.
28/09/2005
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The business park is back in business in the Midlands, with vacancies falling sharply as prime rents in the region rise at three times the national rate. But according to property experts GVA Grimley, concern is growing that in some cases demand is starting to outstrip immediate supply, as the amount of new space under construction has continued to fall quite sharply.
28/09/2005
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York College has appointed Balfour Beatty Construction Ltd to develop a new £60 million, 30,000 sq m (322,920 sq ft) facility at its Sim Balk Lane site, on the south western gateway to the city. Work has started on site and there is an anticipated completion date of mid July 2007.
27/09/2005
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The commercial property investment market shows continued strength with total returns remaining in the high teens. But, according to the latest Economic & Property Market Review from GVA Grimley, economic slowdown and high oil prices will lead to continued suppression of occupational demand in the commercial property sector, until 2007.
27/09/2005
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Five business units on the South Humberside Industrial Estate at Grimsby have been sold on behalf of HSBC Property Investments by the regional office of international property advisors GVA Grimley.
21/09/2005
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International Property Advisers, GVA Grimley, have expanded their Specialist Care Sector Team in Birmingham. Rachel Hull (MA) has joined, the national Healthcare Team.
19/09/2005
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Rental levels for prime out-of-town offices in Yorkshire and the Humber were well ahead of the national average as take-up of business park space bounced back in the first half of 2005 according to the latest review from international property advisers, GVA Grimley.
16/09/2005
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After several false starts work is finally under way to prepare the site for a new 36 acre South Yorkshire business park.
12/09/2005
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Ballymore Properties Limited, advised by GVA Grimley, has gained approval for a major mixed-use redevelopment of the former London Arena site at Crossharbour within the Isle of Dogs.
11/09/2005
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Work has started on the construction of phase 5 of one of the region’s most successful small office schemes. "The Sanctuary" is the latest phase of Rokeagle’s Eden Office Park, which is already home to occupiers such as Smoby UK Ltd, Redrow Homes and Clifton Office Management.
07/09/2005
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The 17th October is a date to note for property investors and developers looking for investment opportunities in Birmingham City Centre. On this date, The Garhill Group will dispose by auction a 7,500 sq ft (700 sq m) multi-storey office building at 1 Printing House Street, immediately adjacent to the Birmingham Post & Mail premises. The property will be offered in the Jones Lang LaSalle London Auction with GVA Grimley LLP acting as joint auctioneers.
06/09/2005
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Optima Community Association’s plans for a new 18-storey student housing block less than a mile from Birmingham City Centre are one step closer to reality following the sale of the 0.8 acre site on the Bristol Road.
06/09/2005
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Valuing an era - GVA Grimley provide advice on automotive property and plant & machinery
01/09/2005
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It is only natural that people like to hear about how quickly a sale has been completed or how easy it was to transact. So what about when things don't go so well.....
01/09/2005
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Four Seasons Health Care, the major independent sector owner and operator of care homes in the UK, has today completed the acquisition of three high quality homes from family-owned construction company, Gladman Care Homes Limited which were offered for sale through GVA Grimley.
01/09/2005
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Following the closure St Briavels and Woodgate in Malvern with a loss of over 60 care beds, corporate provider Minster Care has secured the future of two care homes in the town.
01/09/2005
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For further information on these news items or if you have a press enquiry, please contact Edward Dewar, Public Relations Manager on the following Direct Dial: 020 7911 2664 Email: edward.dewar@gvagrimley.co.uk National Number: 08449 02 03 04 Fax: 020 7911 2560
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