News & Insight
Bringing you the latest news and views from across the UK property market.
News
Convenience store building in Trowbridge sold through Vail Williams
Vail Williams sold the freehold investment in Eastbourne Road, Trowbridge, Wiltshire, on behalf of a retained private client. The premises is occupied by a Tesco Express convenience store. Vail Williams also negotiated an extended lease prior to the sale to the new owner of the property.
High demand as work starts on Magna Park units
Two large warehouse units in Poole being marketed by Vail Williams as building work starts
Vail Williams helps patient transport specialist get on the road
Expanding patient transport service specialist EMED Group has launched a new operation in Leicestershire following the acquisition of three sites through property consultancy Vail Williams
Innovation Fitness, trading as Supplement Needs, purchases building in Poole for expansion and opening of premium fitness and health hub
In an off-market transaction, Innovation Fitness, trading as Supplement Needs, has bought a 7,246 sq ft hybrid unit at 19-25 Nuffield Road, Nuffield Industrial Park, Poole, for £935,000. Vail Williams sourced and acquired the premises for Innovation Fitness.
Vail Williams sources HQ for expanding demolition specialist
Vail Williams acted for Heaton Property Investments in the freehold sale to Hughes & Salvidge, which was previously based at Portsmouth Port.
Work underway on £15 million new college centre
Work is now underway on site for a new Sussex and Surrey Institute of Technology (SSIoT) centre at Crawley College.
Back to the future for Wells Garage in Ringwood south-west Hampshire
Wells Garage site in Ringwood, south-west Hampshire, acquired by D R Smith Properties – first time land sold in 96 years; back to the future as name to live on with new vehicles showroom
Speculative development by Northwood Urban Logistics comprising 26 trade counter, industrial and warehouse units; 70% now let at Bedrock Park, East Dorset
Bedrock Park in East Dorset, a speculative scheme by Northwood Urban Logistics is now 70% let. Pictured, one of the units. Property consultancy Vail Williams is joint marketing agent with DTRE and Realest for the scheme at Vulcan Way, Ferndown Industrial Estate.
New Government announces raft of planning changes
In a speech delivered this morning, Chancellor Rachel Reeves outlined seven key policies aimed at relaxing planning rules and promoting development.
Global electrical services specialist relocates to newly refurbished headquarters in leasing deal through property consultancy Vail Williams
Turnpike House at Tollgate Business Park, Chandler’s Ford, near Southampton, is the new headquarters of R&M Electrical Group, one of the largest independently owned electrical distributors in the UK. Property consultancy Vail Williams acted for the landlord, a private property investor, in the letting of the 8,392 sq ft building.
Will the next government deliver on planning pledges?
Planning challenges remain some of the biggest hurdles to development in the UK.
Expanding property firm promotes eleven
All change in Gatwick as Danny George is promoted to the Exec Board and Suzanne Holloway becomes Regional Managing Partner.
Market Insight
Thames Valley UK: The Prop Market Update
Guy Parkes, partner in our Thames Valley office in Reading, joined the Battle & Bunce Talking Property podcast at Apex Reading to go over the office market in the Thames Valley prop market, situated to the west of London and bordered by the M3, M4 and M40 motorways.
Reading revelling in office market revival
There is a real sense of having turned a corner in the Reading office market which has experienced the largest number of transactions than any other town in the region, and the largest square footage let post-pandemic.
Bournemouth – dressed up for business but nowhere to go
Bournemouth’s reputation as a Dorset tourist destination is irrefutable, boasting miles of golden sandy beaches, breath-taking views and cliff-top walks, together with a good range of restaurant and bars.
Gatwick Industrial Property Update: H1
Overall, we have seen a good level of demand and take-up in most areas across the South East, despite the pace of industrial activity slowing from the highs of the Covid peak.
From first generation to hyperscale: The whirlwind evolution of Data Centres
The world’s first Data Centre can be traced back to 1940s America, when the innovative programmable computer - the Electronic Numerical Integrator and Computer (ENIAC) -was developed.
Booming London office market could mean business rates savings
According to the latest London Crane Survey from Deloitte (2024), developers continue to put their faith in the London office market.
Turning the Page on offices of old
What is the future of the office in the age of hybrid working? With the average number of days that people worked in the office rising to 3.1 days, 2023 was the year that many businesses hit the return to the office ‘sweet spot’.
Life Sciences: What’s next for this high growth market in the UK?
We recently attended a Life Sciences conference at the Shard in London – a networking event for the UK’s top Life Sciences professionals, including developers, investors and leaders who are shaping the life sciences environment in the UK.
Urban regeneration: What is needed to turn the tide on terminal retail decline?
High streets form a vital part of our towns and cities, providing everything from cultural and community space to bricks and mortar for local businesses to operate from. Yet our urban centres continue to remain in a period of post-pandemic recovery.
Where is AI going in the property sector and what are the benefits & potential risks?
Artificial Intelligence (AI) and its use in Proptech is growing in momentum.
Oxford on track for booming good year
As we head towards the second quarter of 2024, there is a real sense of anticipation about the fortunes of the Oxford commercial property market. The question is, can supply keep up with demand, as Mike Watson, Oxford Agency Partner, explores.
Repurpose, reuse and reinvest: Chertsey’s time to shine
The historical town of Chertsey is an undeniably pretty location in the Borough of Runnymede, Surrey, located close to the M25 southwest of London.
Resources
Pre-acquisition surveys: Failure to prepare, prepare to fail
A property survey or pre-acquisition survey provides a prospective occupier or buyer of commercial premises with an in-depth analysis of the building that they are proposing to lease or purchase.
Gatwick Industrial Property Update: H1
Overall, we have seen a good level of demand and take-up in most areas across the South East, despite the pace of industrial activity slowing from the highs of the Covid peak.
The modern portfolio: Integrating sustainability into property asset management
According to the UK Green Building Council, the built environment contributes around 40% of the UK's total greenhouse gas emissions.
King’s Speech: No mention of business rates, so what lies ahead?
Now that the dust has settled on Labour’s decisive election victory, a new approach to business rates should be on the horizon.
How to improve EPC Ratings for commercial premises
Development of sustainable real estate has never been so important, particularly with the Minimum Energy Efficiency Standards (MEES) regulations in mind.
What to expect when you start working with a property management company
When you commit to work with a property asset management company, you are doing so to relieve yourself of the often-heavy burden of property management.
Where is AI going in the property sector and what are the benefits & potential risks?
Artificial Intelligence (AI) and its use in Proptech is growing in momentum.
Powering up: Top 5 things to think about when installing EV Charging facilities
In March 2022, the UK’s public EV charging network was given a huge boost as the Government committed to a ten-fold expansion in charge points by 2030, to meet growing demand with a £1.6bn investment in the UK charging network.
Beginner's guide: What are you financially liable for as a landlord of commercial property?
Investing in commercial real estate can be a lucrative endeavour, but it comes with a host of financial responsibilities and liabilities that can be overwhelming, especially for beginners.
Business rates bills are landing – but are you paying too much?
Local authorities are in the throes of issuing out their business rates demands which are landing on the desks of business owners across the UK.
Biodiversity Net Gain now mandatory: What developers need to know
Hot on the heels of the latest NPPF changes, developers must now ensure that their developments result in more or better natural habitat or biodiversity net gain (BNG), in a move hailed as one of the world’s most ambitious in biodiversity terms.
Beginner’s Guide to Business Rates
Trending Stories
Turning the Page on offices of old
What is the future of the office in the age of hybrid working? With the average number of days that people worked in the office rising to 3.1 days, 2023 was the year that many businesses hit the return to the office ‘sweet spot’.
Urban regeneration: What is needed to turn the tide on terminal retail decline?
High streets form a vital part of our towns and cities, providing everything from cultural and community space to bricks and mortar for local businesses to operate from. Yet our urban centres continue to remain in a period of post-pandemic recovery.
Cheers as pub building sold for £2.52 million
The building on Godalming High Street, housing JD Wetherspoon, Fat Face and Snap Fitness, has been purchased by Queensbury Investments Ltd.
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