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News Stories for March  2007

  GVA GRIMLEY SPONSOR LEICESTER COUNTY CRICKET PLAYER NICK WALKER
Property advisors, GVA Grimley are delighted to sponsor Leicester Cricket Club player, Nick Walker, this season.  31/03/2007

  TROPICANA REDEVELOPMENT REACHES SIGNIFICANT MILESTONE
Legal agreements have now been reached between North Somerset Council, advised by GVA Grimley’s Bristol office, and Henry Boot Developments, to allow the redevelopment of Weston super Mare’s Tropicana lido to progress.  27/03/2007

  GREEN’ BUILDINGS DELIVER MORE ‘GREEN’ FOR INVESTORS
Sustainable office buildings will give investors a greater return on their investment than buildings built to standard regulations, according to a new report released by property advisors GVA Grimley.  27/03/2007

  ENERGY ISSUES AND COMMERCIAL PROPERTY
Developers are increasingly thinking and building ‘green’. Environmental and energy matters are now an integral part of their businesses, including who they use as suppliers and the impact that their activities have on the environment and their staff.  26/03/2007

  HOOD STREET OPENS WIDE FOR ORTHODONTICS
GVA Lamb and Edge has good reason to smile, having let over 3000 sq ft of 16-18 Hood Street, Newcastle to Osborne Orthodontics.  23/03/2007

  DAVID ROOM, PARTNER IN THE RATING DEPARTMENT COMMENTS ON THE LYONS REVIEW PUBLISHED 21 MARCH 2007
David Room, Partner in the Rating department comments on the Lyons review published 21 March 2007  22/03/2007

  BUDGET WILL HAVE SEVERE REPERCUSSIONS ON COMMERCIAL DEVELOPMENT SAYS BRISTOL PROPERTY EXPERT
A Bristol property expert is warning that changes in yesterday’s Budget could have significant repercussions on speculative commercial property development at a time when more supply is desperately needed.  22/03/2007

  IRISH INVESTORS CONTINUE TO BUILD STAKE IN THE CITY
The Menolly Group have recently acquired the freehold interest of Dowgate Hill House, EC4 for £21.65m reflecting a net initial yield of 6.29% from the UK property company British Ensign Estates.  22/03/2007

  GREEN LIGHT FOR KEY DEVELOPMENT ON LLANELLI WATERSIDE
Planners have given their approval for the strategically important high quality residential development at Machynys West which marks a key stage in the £250million Llanelli Waterside development in South Wales.  21/03/2007

  EARLY TAKE-UP AS CONSTRUCTION COMPLETES AT EDEN OFFICE PARK
Rok Development has completed work on the final phase of Eden Office Park, its striking office park at Ham Green, on the edge of Bristol.  21/03/2007

  Newcastle /North East Office Space Take Up Leads The Way Within UK.
The strength of the North East and Newcastle office markets is evidenced by strong take up within the city centre and throughout outlying business parks across the region.  21/03/2007

  RETAIL MARKET REVIEW January-March 07
Christmas/New Year 2006/2007 marked, as is usual with the retail market, the end of a limited number of retailers together with optimism for the New Year.  20/03/2007

  LICENSED, LEISURE & HOTELS INSTRUCTED TO SELL £60 MILLION PUB COMPANY
Valuation Services’ Licensed, Leisure & Hotels Team are instructed in the confidential sale of a Managed House Pub Company.  19/03/2007

  GVA GRIMLEY LAUNCHES NEW PAN-EUROPEAN BUILDING CONSULTANCY TEAM AT MIPIM
International property advisers GVA Grimley are launching a new pan-European building consultancy team at MIPIM.  19/03/2007

  EUROPEAN OFFICE MARKET GOES FROM STRENGTH TO STRENGTH
New research into the European office market shows that demand for office space in major cities across the continent has continued to rise in the last six months, a trend which is expected to continue into 2007.  14/03/2007

  GVA GRIMLEY INSTRUCTED BY NATIONAL GRID PLC ON SECOND SALE AND LEASE BACK
Following GVA Grimley’s successful completion of the sale and lease back of National Grid’s £60 million headquarters building in Warwick, National Grid have again appointed GVA Grimley’s Birmingham office to sale and leaseback headquarters style office building. Lakeside House, Northampton.  12/03/2007

  OFFICE CAPITAL VALUE COULD DECREASE BY 2% - 3% UNDER ROAD PRICING SCHEMES
New research released by property advisers, GVA Grimley estimates that congestion will increase by 25% over the next decade, resulting in the introduction of road pricing and ultimately a reduction in capital value of offices by 2% - 3%.  12/03/2007

  DEMAND FOR BUSINESS PARKS IMPROVING, SAYS GVA GRIMLEY
A new report published by property advisors GVA Grimley, shows that increased demand for business parks in the last quarter of 2006 is boosting developer confidence in speculative schemes, and is raising optimism for rising levels of take-up in 2007.  07/03/2007

  DEMAND FOR BUSINESS PARKS IMPROVING, SAYS GVA GRIMLEY
A new report published by property advisers GVA Grimley, shows that increased demand for business parks in the last quarter of 2006 is boosting developer confidence in speculative schemes, and is raising optimism for rising levels of take-up in 2007.  05/03/2007




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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