Tuesday 25th September 2018
Home Property & Construction

Property & Construction

Property specialists more cautious but acquisitions stay on the agenda

Property specialists more cautious but acquisitions stay on the agenda

Property owners and professionals in the region have become more cautious on the market over the past year although more than half are planning to acquire property over the next 12 months, according to a poll of over 200 delegates taken at the annual Essex Property Conference last week.

It showed that 29% of respondents are more positive about the sector now than 12 months ago, down from from 63% in a poll at the same event this time last year. But 54 per cent of respondentssaid they plan to acquire property in the next 12 months, up from 31 per cent a year ago.

The survey at the event, hosted jointly by Fenn Wright, Ellisons Solicitors and BDO at Weston Homes Stadium, showed that almost a third of respondents expect commercial property values to increase within the next 12 months, and 36% predict residential property values to rise within the same period to increase. Guy Longhurst from Ellisons, said:“We are immensely proud to celebrate the 10th anniversary of this annual conference. The event’s continued success is a testament to the reputation of Ellisons, Fenn Wright and BDO LLP as the firms that clients can trust for expert commentary and advice in respect of all property-related matters.”

Fenn Wright’s Lewis Chambers, said: "Following the recent acquisition of Taylor and Co, in Chelmsford, and Newman Commercial, in Colchester, Fenn Wright is now able to offer the most compelling marketing option available to owners and occupiers of commercial property along the A12 corridor.

“The aggregate of the expanded teams’ knowledge, contacts and experience is generating fantastic results for our clients; property sales over the past year exceeded £40 million, and for the first time we have let in excess of a million square foot of commercial accommodation. We have also secured new lettings generating in excess of £7 million per annum of rental income; we anticipate the strong market conditions in this sector to continue through 2018.”

Peter Harrup from BDO said: “There are a few tax changes coming in next year which will impact companies across the region. These changes in legislation include capital gain tax threshold changes, inheritance tax and National Insurance payments on termination packages. It is crucial that businesses keep up to date with these and remain alert to the opportunities and risks they present, while putting their tax plans in place effectively.”

Photo (l-r): Lewis Chambers, partner, Fenn Wright, Guy Longhurst, senior partner, Ellisons Solicitors, Phil Eckersley, agent, South East and East Anglia, Bank of England Peter Harrup, partner at BDO

Last Updated ( Wednesday, 02 May 2018 06:01 )


New £7 million retail scheme underway in Lowestoft

New £7 million retail scheme underway in Lowestoft

Work has started on a new £7 million retail park on a brownfield site in Lowestoft to be anchored by major retailers such as Aldi and the Range and which the backer...

Housebuilders break new ground to deliver more homes

Housebuilders are investing in modern methods of construction and skills, as they look to deliver growth and new homes, according to the third annual Lloyds Bank houseb...

Industrial space and ‘healthy high streets’ set to lead property market in 2018

Occupier demand for industrial, warehousing and distribution space has remained relatively strong in 2017 and is expected to be maintained in 2018, according to agents ...

Last Updated ( Wednesday, 20 December 2017 09:21 )

Strong demand for industrial property offsets slowdown in retail and office markets

The region’s industrial property market remains strong with rents expected to continue rising although occupier demand for retail space is flat and falling in the off...

  • «
  •  Start 
  •  Prev 
  •  1 
  •  2 
  •  3 
  •  4 
  •  5 
  •  6 
  •  7 
  •  8 
  •  9 
  •  10 
  •  Next 
  •  End 
  • »
Page 1 of 17