Archive for: News

Commercial Property Market – April 2023

The commercial property market remains active in the South West. Since the start of the year activity has been increasing month on month. This is not only from people looking for a property to lease or purchase, but also from landlords or vendors looking to dispose of their interest.   The greatest activity remains in the […]

ESG dates; key dates for commercial property

While there wasn’t much in the Spring Budget for the South West, there are plenty of changes coming that commercial property owners, occupiers and investors need to be aware of. April 1st is a particularly significant date with new laws coming into force.  April 1st 2023 – MEES Regulations From April 1st 2023, it will […]

ESG and Dilapidations; looking ahead to a more sustainable end to a lease

The green agenda is affecting all aspects of commercial real estate and dilapidations is no exception. Our Building Surveying team deal with dilapidations regularly and with the increased interest in ESG issues, there is a feeling that more could be done to be environmentally conscious. ESG and Dilapidations The original intention of dilapidations was to […]

MEES and commercial property

Commercial premises require an EPC grade of E or above.  According to the Estates Gazette: ‘From 1st April 2023, commercial buildings that do not have an EPC rating of E or above will not be able to be bought, sold or leased under government regulations.  From 2027, this rises to C and by 2030 to […]

ESG and the working environment

ESG and the Working Environment – ‘A Whole New Eco-World’ Clear Change in How Occupiers Use Space It is no doubt a challenging world for landlords, tenants and employers that we currently live in. We are constantly told about the nuances of the working environment, how we are supposed to work and what is expected […]

Sustainability: An Ever-Changing Landscape

Sustainability is our society’s ability to exist and develop without depleting all of the natural resources needed to live in the future. In a real estate context, the built environment is responsible for nearly 40% of all global carbon emissions. Over the past decade there has been more of a focus than ever on increasing […]

Investment Market Update- March 2023 

Investment Market Update 2023  Economic Outlook and Summary.  Spring is finally in the air and investor sentiment is improving following over two quarters of challenging macroeconomic conditions amplified by the fallout from the ‘Mini Budget’.  Clare Cochrane has prepared this investment market update; please contact her for further information. The second half of 2022, saw […]

ITZA – What does it mean?  

ITZA – What does it mean?   If you have ever received a report from a Surveyor on a High Street retail unit, it is likely you will have seen the phrase ITZA. This is an abbreviated term meaning In Terms of Zone A, which is a tool Surveyors use to compare rental value throughout retail […]

Business Rates in Retail Property

Business rates in retail property With new rateable values for the majority of properties just around the corner, we set out what changes will be seen within the retail sector. The majority of retail properties will see their rateable values reduce as these are based on rents back in April 2021. There has generally been […]

Does a mezzanine have a rental value?

The presence of mezzanine accommodation within commercial premises can often lead to debate between a landlord and tenant – does it hold a rental value and, if so, how much value can be applied to it? A compliant mezzanine is considered to be a substantial structure with a permanent staircase, constructed to building regulation standards. […]