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Montagu Evans sponsor RIBA Tall Buildings seminar

Tuesday, May 2, 2017

Montagu Evans are sponsoring RIBA's seminar on Tuesday 9th May entitled "London's high-rise future: exhilarating or alarming?" Hear a panel of experts discuss the unprecedented growth in London's skyline – and the potential wider impact of this surge. Lord Palumbo face...
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Stagecoach arrives at One Stockport Exchange

Tuesday, April 25, 2017

Bus operator Stagecoach has signed a 15-year lease on 33,000 sq ft within Muse Developments’ recently completed One Stockport Exchange office. Muse delivered the 55,000 sq ft building as part of the wider £145m Stockport Exchange development, in partnership with Stockport Council. ...
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New Rating World – CCA

Monday, April 24, 2017

Following the belated introduction of the new rating appeal regulations ratepayers will be forgiven for thinking that the system of rateable value assessment and appeal has already been vandalised and damaged beyond repair, but that no discernible reconstruction is likely to take place for a number ...
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Self-assessment Rating: Possible or unworkable?

Monday, April 24, 2017

All the signs are that the Westminster Government is now urgently seeking a radical reform to business rates as a means of generating local tax revenues in England, at the latest by 2022. We believe that there are distinct advantages of self-certification and asking ratepayers to accurately submit t...
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RICS aims to crack down on unscrupulous rating agents with new code

Wednesday, April 19, 2017

It has been obvious for some time that the business rates system is open to abuse. But the abuse is not typically inflicted by occupiers seeking to unfairly avoid the property tax. Rather it is perpetrated by less-than-honest advisers that promise businesses the earth, fail to deliver on their pr...
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Come & visit us on Stand 100 at Completely Retail Marketplace 2017

Tuesday, April 18, 2017

Montagu Evans will be on Stand 100 at this year's Completely Retail Marketplace 2017 event on Tuesday 25th April. The event brings Occupiers, Landlords and Agents together to do business. The unique Marketplace format at London’s Old Billingsgate Market provides a lively environment, an...
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Royal London buys Woking industrial estate at 4.4% yield

Monday, April 3, 2017

Royal London has bought the multi-unit Orchard Business Park in Woking from Goya Developments and Bilsdale Properties for £21m, a 4.40% net initial yield, CoStar News can reveal. The recently completed property, extending to 77,000 sq ft, is arranged in two terraces and comprises six units....
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Estates Gazette feature: Plan ahead carefully to make a profit from retail assets

Monday, April 3, 2017

An unusual deal closed in Ipswich this February – a deal that defied a trend plaguing retail landlords across the country. What made this transaction special was not an eight-figure sale or a low single-digit yield; what made it special was that it made money – a lot of money – aft...
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Work begins on new industrial development at Pocklington

Monday, April 3, 2017

Work has now commenced on a new industrial scheme at Broadhelm Pocklington, with Howdens Joinery signing up as one of the first tenants. Due to be completed in July, the development will feature trade counter and industrial units available from 1000 sq ft to 10,000 sq ft and opportunities for lar...
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CIBT visas checks-in to suite at Exchange Tower

Thursday, March 23, 2017

Travel visa and passport company CIBTvisas has taken the remaining ground floor suite at Kennedy Wilson Europe Real Estate’s Exchange Tower in Edinburgh on a ten-year lease.   The suite has recently undergone a refurbishment to create open plan Grade A accommodation within the 65,000 sq...
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2017 Rating Revaluation Scotland

Wednesday, March 22, 2017

Revaluation Notices are now being issued by the Assessor advising of your new rates assessment which will be effective from 1 April 2017 and will form the basis of your rates liability over the next 5 years. You have an automatic right of appeal which, in Scotland, must be lodged by 30 September 201...
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Business Rates: Bandwagon hyenas bite the dust

Thursday, March 9, 2017

The pre-budget frenzy instigated by a clutch of Conservative MPs in London and the south east has dissipated and the lobby door is, if not closed, ajar. So what did the rhetoric of ‘rates hike’ achieve and which path should business rates reform take now?   Chancellor Philip Hammo...
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Budget 2017: Government to provide extra £435m business rates relief

Wednesday, March 8, 2017

Chancellor Philip Hammond has announced a further £435m of relief for firms "hit the hardest by business rates" as part of a three-point package of reforms experts are describing as a "damp squib". Speaking in his Budget today, Hammond said the government will provide a ...
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Spring Budget 2017

Wednesday, March 8, 2017

In the light of the unprecedented publicity afforded to the system of business rates in England, Chancellor Philip Hammond’s first budget announcement on 8th March was awaited with eager anticipation by business ratepayers. The 2017 budget made three main references to business rates design...
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Montagu Evans beefs up in retail with two partner recruits & announces string of senior promotions

Tuesday, March 7, 2017

Montagu Evans has announced two senior hires from CBRE on the retail side of the business alongside a number of promotions. Chris Keen joins as a Partner in the retail and leisure team to start a new supermarket sector specialism at the firm. He joins after 15 years at CBRE where he was Senior Di...
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Montagu Evans speak to Evening Standard on business rates in Budget 2017

Tuesday, March 7, 2017

Budget 2017: What to expect on growth, tax, business rates and more Montagu Evans speak to The Evening Standard about what to expect in this year's Budget. Rates expert Richard Wackett of Montagu Evans says: “The Chancellor is now sure to respond to backbench pressure for help, although...
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Newbigin v Monk (Supreme Court 2017)

Wednesday, March 1, 2017

This briefing note is of relevance to property owners, developers and ratepayers generally who are considering building works that are likely to affect the ability to fully occupy a commercial or industrial building and where there are considerations and concerns about a liability for business rates...
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Test case Supreme Court ruling on refurbished property rating hailed as victory for common sense

Wednesday, March 1, 2017

The Supreme Court has unanimously allowed S J & J Monk’s appeal against the Valuation Office in a long-running test case focused on how property undergoing refurbishment or redevelopment is revalued. The ruling has significant implications for rating of property in the UK ahead of April...
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Seminar with British Property Federation - What are we rating for?

Wednesday, March 1, 2017

Join Montagu Evans and the British Property Federation on Thursday 2nd March for a seminar on changes to the business rates system, with an expert panel discussion followed by a Q&A with the audience. The seminar will cover the impact of changes to the business rates appeals system (check, ch...
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Kitchen supplier takes 10,000 sq ft unit

Tuesday, February 28, 2017

A manufacturer and supplier of kitchens and appliances has taken a 10,000 sq ft unit at Barnsley Trade Park. Howdens Joinery has agreed a ten-year lease on the newly built space. Phase one of Barnsley Trade Park, which was speculatively built, reached full occupancy in 2014 with tenants includ...
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City AM publish open letter to Chancellor on business rates

Tuesday, February 28, 2017

Dear Mr Hammond, As a surveyor with 33 years business rates experience, I am increasingly frustrated with what has become a rather Neanderthal debate about an admittedly emotive area of taxation – business rates. You and I are old enough to recall the pre-1990 malaise of local authoritie...
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Montagu Evans announces senior additions in Scotland

Monday, February 27, 2017

Montagu Evans LLP is delighted to announce Steven Dalton will be joining them on 24th February as a Partner. Steven was previously employed as Director at GVA having spent 3 years there and prior to that 20 years with James Barr prior to their acquisition by GVA.   Steven has specialist knowl...
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Estates Gazette feature: Cluster connections: business groups go mainstream

Friday, February 17, 2017

You want above-average returns? Assured long-term income? High growth and known occupier demand? Then you want clusters. The idea of the cluster – a tightly focused, high-growth group of related businesses – has now gone mainstream. The UK government’s industrial policy white pa...
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Standard Life launches Lincoln scheme

Thursday, February 16, 2017

Standard Life Investments has lodged a planning application with the City of Lincoln Council for the redevelopment of the St Marks site, which currently houses a shopping centre and retail park on either side of the River Witham. Under the proposals the existing 34 units would be replaced by 355,...
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Rates: Transition and change leaves taxpayers worse off

Thursday, February 16, 2017

Following the publication of the Valuation Officer’s draft rateable value assessments for England & Wales at the end of September some businesses may be forgiven for expecting some relief from business rates having waited nearly 7 years since the last revaluation in April 2010. They were s...
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Swiping right on sheds

Thursday, February 16, 2017

If there was a property Tinder then “big beautiful warehouses” would be top of the swipe right lists. Believe or not, sheds are sexy and investors are flocking to get hitched. A perfect storm of rising demand and reduced supply, combined with an inflated office market and an uncertain...
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Defibrillators for Edinburgh trams thanks to Montagu Evans

Tuesday, February 14, 2017

Edinburgh trams are to be fitted with defibrillators in a bid to save the lives of cardiac arrest patients. Quick use of the devices is said to increase survival rates by up to 75%. The defibrillators, costing £1,500 each, come with a recorded message to explain how to use them. Monta...
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Montagu Evans speak to The Caterer on hospitality industry's business rates

Monday, February 13, 2017

Business as usual? Business rate bills are about to change and while some face a hefty increase, others could be in line for a reduction. It’s complicated though, as David Harris at The Caterer Magazine discovers. So how bad is it going to be for hospitality businesses? The short answer is ...
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Pokémon go, go, go

Friday, February 10, 2017

The firm behind hit app Pokémon Go has signed a leasing deal to almost triple its office space in west London. The Pokémon Company International has taken 28,500 sq ft of space at Building 10 at Chiswick Park having agreed an assignment of lease with oil giant Tullow Oil. Montagu...
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CoStar 2016 UK CRE Investment Review

Wednesday, February 8, 2017

Mark Girling, Head of Capital Markets at Montagu Evans, shares his views with CoStar in their video 2016 UK CRE Investment Review taking a look at the UK Corporate Real Estate market following a rollercoaster year. Watch the video to hear from our industry experts as they reflect on the past year...
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Colin McGhee joins Montagu Evans

Wednesday, February 8, 2017

Colin McGhee joins Montagu Evans LLP as an Associate in the Glasgow Agency team focusing on all office agency services; lettings, acquisitions and development. Previously at Jones Lang LaSalle, Colin brings a wealth of experience and solid track record having worked for notable clients such as Ab...
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Clock is ticking on business rates changes

Monday, January 30, 2017

Fashion retailers across the UK need to prepare now for the 2017 rating revaluation, which will take effect in April, says Mark Higgin, partner and head of rating at commercial property adviser Montagu Evans.   Time is of the essence because from April opportunities to mitigate and neg...
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Hollywood Bowl strikes expansion

Tuesday, January 24, 2017

Ten-pin bowling operator Hollywood Bowl is to focus on a new American diner concept in a fresh expansion drive. The listed firm is improving its food offering and opening more “VIP” lanes in order to increase customer spend and it is planning on opening 10 new sites over the next five...
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Ramifications of appeal reform for ratepayers in 2017

Monday, January 23, 2017

As ratepayers wait for the advent of a newly reformed rating system christened ‘Check, Challenge, Appeal’ concerns are growing amongst practitioners that the system will be beset by teething delays and a minefield of bureaucracy.   As this newsletter goes out there is as yet no wo...
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Pitfalls and Traps of the rating system

Monday, January 23, 2017

Business rates are, for the Westminster, Welsh and Scottish administrations a tried and successfully tested means of tax recovery from businesses but since 1990 the huge amount of new regulation has made rate bills virtually impossible to read let alone interpret. The system is full of pitfalls and ...
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Property Week 2017 Predictions: Rating

Friday, January 6, 2017

As appeared in Property Week Predictions 2017 Opinion piece by Richard Wackett, Partner in Rating at Montagu Evans. Picture this. It is April. An alien arrives from another planet and notices that the servants of the presiding authority are about to ascribe new values to earthling structures. ...
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Premier League giants battling for stadia supremacy set to net record rates hikes

Friday, January 6, 2017

As Chelsea and Tottenham Hotspur battle it out for this year’s Premier League title experts expect both to also compete for the UK’s highest business rate liability as they proceed with plans for major redevelopments. Rating specialists Montagu Evans, which advises a number of Premier...
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Never knowingly underplanned - John Lewis appoint Montagu Evans

Thursday, January 5, 2017

John Lewis has confirmed Montagu Evans LLP have been appointed to provide them with all planning consultancy services across their portfolio including department stores, at Homes, distribution facilities, offices and Partner centres. This new 3 year instruction will now see Montagu Evans delivering ...
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Montagu Evans' view on Mayor's Homes for Londoners SPG

Wednesday, December 7, 2016

The Mayor of London, Sadiq Khan, published his draft Homes For Londoners - Affordable Housing and Viability Supplementary Planning Guidance (SPG) on 29th November. The SPG will be a material planning consideration from now for all applications across London. The weight of this material considerat...
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Gymbox to beef up London estate

Friday, December 2, 2016

Gym chain Gymbox has secured funding to triple the size of its London estate. The group, which has just opened its largest gym in a 42,000 sq ft site in Farrington, EC1, has received a £35m cash injection from the Business Growth Fund and HSBC to fuel the next stage of its expansion. ...
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Autumn Statement: Transitional business rates relief cap move

Monday, November 28, 2016

New chancellor Philip Hammond as "complicated but good news" plans to reduce the transitional relief cap on business rates from 45% to 43% next year and from 50% to 32% the year after in today's Autumn Statement. He is also giving small businesses in rural areas a tax break worth ...
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Estates Gazette Report: Congratulations on your mezzanine!

Saturday, November 26, 2016

Hallmark Cards has a new mezzanine at its Yorkshire headquarters – and others are following suit. But the solution may not suit everyone. David Thame reports. As yet nobody sells “Congratulations on your new mezzanine!” cards, but Hallmark may be considering it. The Yorkshire...
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Over £4k raised for Trinity Hospice

Friday, November 25, 2016

Do you know the name of the closest galaxy to us? Who the last Tsar was, or what Britain’s most easterly town is? Well neither did we, that is until we started organising the 2016 Quiz. On the 24th November we had our annual pub quiz in memory of our colleague Geoff Davey, with all proceeds...
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Crisis? What crisis? No rush to change on business rates and no clear solutions

Monday, November 21, 2016

Chancellor Philip Hammond has little or no room for manoeuvre over business rates in his autumn statement on Wednesday, writes Richard Wackett of Montagu Evans.   Hammond’s predecessor, George Osborne, had one last swing when he promised the complete removal of business rates for some 6...
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Speculative development: Mind the gap

Friday, November 11, 2016

The inevitable fall-out from the last recession was a decline in speculative development projects and a shortfall in much-needed Grade A developments, both commercial and industrial, particularly in the Midlands and the North. The government’s reluctance to provide tax relief for new projec...
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Rating Update - what happens between now & Rating Revaluation 2017?

Thursday, November 10, 2016

On 30th September the Valuation Office Agency published rateable value assessments for 1.9 million business occupations across England and Wales.  Formal publication of the next full rating list is due early next year and will take effect from 1st April 2017. So what will happen between now and...
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US Election: Donald Trump win could boost London residential property market

Wednesday, November 9, 2016

Property experts on Wednesday predicted Donald Trump’s victory in the US election, could lead to an uptick in demand for London residential buildings. Nine Elms property developers could see increased demand for flats, as “disillusioned” Americans seek a relocation to London in ...
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£5m facelift set to create 250 jobs at Fountain Park

Monday, November 7, 2016

Up to 250 jobs are to be created at FountainPark in Edinburgh, as the leisure complex undergoes a £5 million revamp by Spring 2017. Montagu Evans’ Scottish Planning team secured planning permission for the redevelopment of vacant space in 2015, off the back of pre-lets to national restau...
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Windfall gains for councils and hike for ratepayers likely following landmark rating decision

Monday, November 7, 2016

Ratepayers occupying large multi-floor offices in London and England’s other major cities expecting some relief at the forthcoming business rates revaluation (April 17) should be aware of the potential traps and pitfalls ahead warn Chartered Surveyors, Montagu Evans. A recent UK Supreme Cou...
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Check, Challenge, Appeal – Fait Accompli?

Wednesday, November 2, 2016

Ratepayers might be forgiven for believing that amendments to the rating appeal regime were carefully contrived to restrict the opportunity to appeal. Certainly the initial consultation over Christmas last year gave the distinct impression that the tone of any change would be closely allied to the s...
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What will ‘Self-Assessment’ look like?: The Pros and Cons

Wednesday, November 2, 2016

Much has been made of the possibility of asking the ratepayer to proactively devise their own rating assessment, but is it possible? The arguments for: 1. The need for less civil service resource. 2. A self-certified system would be in keeping with other UK tax regimes. 3. It would allow the p...
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Montagu Evans posts record profits

Wednesday, November 2, 2016

Montagu Evans has reported record financial results for the year ended 5 April 2016. Pre-tax profits were up to £24m compared to £22.6m a year earlier, reflecting an increase in turnover to £39.3m (2015: £37.5m). In the five years since the UK emerged from recession the...
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Ratepayers can expect good and bad news

Tuesday, November 1, 2016

Ratepayers can expect good and bad news following the VOA's publication of draft rating assessments for 2017 First the 'good news': The publication of data by the Valuation Office Agency, at the end of September, indicates that provisionally, and subject to confirmation, the basic U...
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Surrey Heath takes control of Camberley town centre regeneration

Monday, October 31, 2016

Surrey Heath Borough Council is set to invest over £110m to drive the regeneration of Camberley Town Centre. This ground-breaking deal will create a clear path to deliver their ambitious vision for the town and ensure that the highest standards of service to customers are not only maintained b...
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Estates Gazette feature: Is the only way up for urban logistics buildings?

Saturday, October 22, 2016

They are common in Asia in cities such as Hong Kong and Singapore. They are coming to European metropolises such as Munich and Paris. But they have proved elusive in the UK. “They” are multi-storey sheds and, so far, just one example has made it out of the ground: Brixton Estates’ ...
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Monty's help LaSalle IM raise £5,000 for LandAid Day

Monday, October 17, 2016

“Montagu Evans recently attended the LaSalle IM 5 a side football tournament hosted at Play On Sports in Whitechapel. The tournament saw multiple companies from across the property sector come together to raise money for the chosen charity LandAid. Teams from the likes of JLL, Cushman and Wake...
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Property Week & Yardi Think Tank - Is mixed-use "the new normal"?

Thursday, October 13, 2016

A generation ago, developers worried about the concept’s viability and the effect on values. Today, planners and developers are firmly on board, as they see the overall benefits a mix of uses can bring to a scheme. Property Week & Yardi brought together a panel of experts to discuss fut...
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Estates Gazette Industrial Focus - Picking up on a new idea

Wednesday, October 12, 2016

Last Christmas’s delivery chaos, when millions of online orders arrived late because of a backlog, was symptomatic of a growing problem for retailers grappling with the logistics of online shopping. Pressure is growing to deliver more quickly, and the best way to service last-mile deliveries i...
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Montagu Evans winners in CoStar Agency Awards

Friday, October 7, 2016

The great and the good of the Scottish office and industrial markets were recognised last night for a stellar past 12 months at the annual CoStar Agency Awards. Montagu Evans won Deal of the year in Edinburgh for sports entertainment group FanDuel’s relocation to the new Quartermile 4 devel...
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Two award wins at IAS Awards 2016

Friday, September 30, 2016

Montagu Evans is delighted to announce two award wins for our clients at the IAS Awards ceremony last night. We advised Segro on the Quad, Tudor Estate scheme at Park Royal which won the award for Best Overall Scheme - Multi-let industrial Estate. We also advised Canmoor on their Selco, Victory sche...
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The Montagu Evans & CoStar urban logistics debate

Wednesday, September 28, 2016

Ahead of today's annual Industrial Agents Society awards Montagu Evans has hosted some of the leading figures in urban logistics to discuss the key issues facing the Greater London market in a debate chaired by CoStar News. A fascinating discussion ensued focused among other things on how a land...
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Rating update - get ready to go

Tuesday, September 27, 2016

GET READY TO GO:  THE TIME FOR ACTION IS GETTING CLOSER On 30 September the Valuation Office Agency publishes their first new rating list (in draft) for seven years.  Rateable Value assessments will need to reflect the state of the non-domestic property rental market at 1 April 2015, so...
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Montagu Evans attending IAS Awards 2016

Tuesday, September 27, 2016

Montagu Evans are attending this year's IAS Awards and have sponsored the award category of best overall scheme - multi-let industrial estate. The Industrial Agents Society Awards (IAS Awards) celebrate the success and achievements of the industrial property sector. Now in their 29th year, th...
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Chilango to open Scottish debut in Glasgow

Tuesday, September 20, 2016

Mexican burrito bar chain Chilango will open its debut Scotland restaurant in Glasgow at the Sauchiehall Building next year. The building, which was formerly known as the Sauchiehall Centre, was acquired by KKR and Quadrant Estates in March 2015 and is the subject of major refurbishment plans. ...
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Hermes makes double Reading letting

Tuesday, September 20, 2016

Hermes Investment Management has made a couple of lettings at its Abbey Gardens office complex in Reading. The £26bn manager has signed up Inframon and Premier Group to Abbey Gardens South for a total of 10,200 sq ft. Inframon, a specialist cloud service provider, has taken 2,644 sq ft o...
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Rating update - Check, challenge.... appeal is coming.

Monday, September 19, 2016

CHECK, CHALLENGE...APPEAL IS COMING. GET AHEAD IN LESS THAN TWO WEEKS On Friday 30 September ratepayers and their representatives get the first sight of their new 2017 list rating assessments. There is a valuable 6 month window of opportunity available to ratepayers before the advent of &lsquo...
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Josh Myerson shortlisted for EG’s Rising Star Award 2016

Thursday, September 15, 2016

Josh Myerson in London’s Rating team has been named one of Estates Gazette’s Rising Stars of 2016 and shortlisted for this year’s EG “Rising Star of the Year” award. The award celebrates the property industry’s most promising, exciting young star and is open to an...
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Businesses must become familiar with complex new rating system

Wednesday, September 14, 2016

The RICS say businesses must become familiar with complex new rating system. Mark Higgin, head of Rating at Montagu Evans provides his comment to the RICS. We are urging firms across England to check their newly proposed business rates - available from 30 September 2016 - with care and become fam...
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Rating update - Draft list is getting closer

Monday, September 12, 2016

Montagu Evans has already begun the process of preparing for the 2017 rating revaluation and has proactively engaged the Valuation Office to discuss their approach to valuation in some specialist sectors where we have rating expertise. Our bespoke IT software is ready to provide our retained...
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Retail Week: The great business rates debate

Friday, September 9, 2016

A new set of rates will come into effect next April – two years later than planned – but will retailers get the relief they’re hoping for, or will there be lingering frustration well after April 1? Ben Cooper of Retail Week investigates. On one of his last days in office as Chan...
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Aprirose buys Chester retail park for £36m

Wednesday, August 31, 2016

Aprirose Real Estate Investment has acquired Greyhound Retail Park in Chester for £36m. As tipped by Property Week, the 121,103 sq ft retail park has been sold by Standard Life Investments after being put on the market before the EU referendum for around £38m. The acquisition is th...
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Monty's thrill seekers take on LandAid's Broadgate Tower Challenge again

Sunday, August 21, 2016

Do we have what it takes to conquer the Broadgate Tower? For the third year running LandAid and the Worshipful Company of Chartered Surveyors bring us an endurance event with a difference. In teams of three we are taking on a series of tasks to test our strength, speed and nerves of steel: one team ...
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Edinburgh's Royal High School could become music school

Thursday, August 18, 2016

Plans to turn the A-listed Old Royal High School building in Edinburgh into a music school have been approved. Under the plans, the former school will become home to Scotland's only independent music school, St Mary's Music School. Councillors unanimously approved the plans, submitted ...
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Rating Revaluation 2017 - Montagu Evans comment in Estates Gazette

Tuesday, August 16, 2016

Mark Higgin and Richard Wackett open a new series of shorter articles in Estates Gazette by considering the possible future of business rates Mark Higgin, Head of Rating "Much has happened since the Government’s announcement at the spring budget that it would be consulting on shorte...
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30th September: A date for the diary

Tuesday, August 16, 2016

The Government has finally published draft regulations in an attempt to reform the much maligned business rates appeals regime. The advent of a new three stage process known as ‘Check, Challenge, Appeal’ has been criticised by all professional bodies (including the RICS) as bureaucrat...
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Hunter gets green light for Barnet mall refurbishment

Friday, August 5, 2016

Hunter Real Estate Investment Managers has secured planning permission for a £7m refurbishment of The Spires Shopping Centre in Barnet and lined up H&M as anchor tenant. The plans, which were unanimously approved by Barnet council, will see three new restaurants added and improvements t...
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Steel giants secure seven-year lease at Berkeley Square House

Wednesday, August 3, 2016

Arcelor Mittal, the world’s leading integrated steel and mining company, has completed on 26,000 sq ft on the seventh floor of Berkeley Square House.   The lease will run until 2023 and continues the company’s association with the City of Westminster. In 2015, ArcelorMittal had...
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Brexit: The ramifications for business rates in UK

Thursday, July 21, 2016

The momentous referendum vote of 23 June has left the business community in a state of shock and bewilderment, particularly for those businesses that are reliant upon property as a tool for generating income and who pay business rates. Property market values may be falling now to a level lower than ...
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A brave new world. The prospect of self-assessment by 2022

Thursday, July 21, 2016

How do we gather large amounts of tax cheaply and without too much hassle? This is the question  Government asks itself.  Whilst they continue to scramble for solutions to this eternal rating conundrum, the march towards self-assessment appears to be getting ever closer.   A form of...
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Is business rate reform fair and reasonable to the regions?

Thursday, July 21, 2016

The Government’s aspiration to give local authorities complete control over their business rate liabilities has now come in for scrutiny from Parliament through the DCLG Select Committee and their latest report makes uncomfortable reading for the (current) Chancellor, Philip Hammond. The Sele...
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Valad Europe secures bonnie deal for Clyde Retail Park in Glasgow

Wednesday, July 20, 2016

Motherwell Investment has sold its 149,046 sq ft Clydebank retail park to Valad Europe at a net initial yield of 7.3% Clyde Retail Park is located in Clydebank town centre just outside Glasgow, and has been acquired by Valad’s European Diversified Fund (VEDF). With a weighted average u...
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Eateries join Brighton Marina line-up

Friday, July 15, 2016

Two restaurant brands have signed up to occupy units at Brunswick Developments' Marina Boardwalk in Brighton. Five Guys and MOD Pizza have both agreed new 15-year leases, with the former taking a 3,288 sq ft unit at a rent of £115,080 per annum and the latter a 2,943 sq ft unit at a ren...
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Kier Property receives £13.7m funding for Wakefield retail park

Tuesday, July 12, 2016

Kier Property has secured £13.7m in forward funding for Snowhill Retail Park, in Wakefield. The firm, part of the property, residential, construction and services company Kier Group, secured the funding with Ropemaker Properties Ltd. Reflecting a net initial yield of 6.25%, the 48,613 sq...
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Monty's show race face at Property Triathlon

Friday, July 1, 2016

Well done to all our star athletes who showed their race face and took part in this year's Property Triathlon. Personal bests were smashed and all for a good cause too. The event, which is firmly established as one of the UK’s top five largest triathlons has this year raised £190,352...
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CBRE Global Investors sells Altius House & Active House to Schroders Investment Management

Wednesday, June 29, 2016

CBRE Global Investors has sold Altius House & Active House in Milton Keynes to Schroders Investment Management for £8.295m, reflecting a net initial yield of 6.6%.   Tom Woolhouse, Partner at Montagu Evans who handled the sale commented “We feel we have achieved a strong outco...
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Planning Graduate presents at the RTPI Planning Convention 2016

Tuesday, June 28, 2016

Lisa Proudfoot, Planning Graduate in the Montagu Evans Edinburgh office, was recently invited to present at the Royal Town Planning Institute (RTPI) Planning Convention 2016 with her views on what she envisages will be the future of planning. Below is a write up of her presentation which was very we...
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Diocese of London feasts on ready-meal producer Bigham's factory at Park Royal

Tuesday, June 21, 2016

The Diocese of London has bought a warehouse at Park Royal, let to gourmet ready-meal producer Charlie Bigham's, for £5.5m. The Diocese, which represents all Church of England organisations including parishes and schools in North London, has acquired the freehold at 2 Mc Nicol Drive, wi...
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Seminar Invite - National Property and Construction Roadshow 2016

Wednesday, June 15, 2016

With economic growth slowing, an EU referendum looming, and tax rises on the property industry, what can you expect in the next 12 months? We invite you to join us at our Property and Construction roadshow, held in partnership with Crowe Clark Whitehill. We will be debating industry hot topics as...
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Quadrant Estates secures raft of new leases at Birmingham retail park

Monday, June 13, 2016

Currys, M&S Simply Food, Tapi Carpets, Oak Furnitureland, Sofology, Nandos, Costa Coffee, Mod Pizza and Smashburger have all been signed as new tenants for the 200,000 sq ft retail and leisure park. Currys and PC World will merge into a downsized Currys’ unit (40,000 sq ft) on a 15-year...
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Montagu Evans take part in PedElle: Salzburg to Vienna

Thursday, June 9, 2016

Penny Moss at Montagu Evans took part in this year's Pedelle. Below is her write up of the event. "They say cycling is the new golf in property networking, but on this year’s Legal & General Real Assets PedElle from Salzburg to Venice, it was more like the new skiing.  The...
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Montagu Evans makes raft of promotions

Wednesday, June 8, 2016

Montagu Evans has made 16 promotions in the wake of its record turnover figures for last year. Four members of staff were promoted to participating partner, two to salaried partner, two to associate and eight to senior surveyor/planner. The firm also appointed Roddy MacLeod as an associate in ...
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CBRE Global Investors acquires £35m MK retail park

Tuesday, June 7, 2016

CBRE Global Investors has bought Central Retail Park in Milton Keynes from Rockspring Property Investment Managers for £34.97m.   The acquisition, which was made on behalf of a pension fund client, reflects a net initial yield of 5.84% pa.  Rockspring bought the retail...
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Sixteen promotions as Montagu Evans aims to build on record turnover

Tuesday, June 7, 2016

Montagu Evans has announced 16 promotions within the firm alongside three new recruits. The promotions were made up of four new participating partners, two new salaried partners, two associates and eight senior surveyors/planners. Alongside this, Roddy MacLeod has joined as an associate in the...
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Montagu Evans running for LandAid

Monday, June 6, 2016

Montagu Evans are a Partner firm of LandAid and 23 Montagu Evans colleagues will be running the 10k Summer Fun Run at the brand new venue of Clapham Common this Thursday 9th June. They will be joining 1,000 property professionals at LandAid's biggest ever 10K challenge and help raise £100,...
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Montagu Evans rise to 2nd in EG's Edinburgh office agency league

Saturday, June 4, 2016

According to Estates Gazette's Top Edinburgh Agents 2016, Montagu Evans have risen from 6th to 2nd place in this year's league table, beating strong competition from CBRE, DTZ/Cushman Wakefield and Knight Frank. Nearly 1m sq ft of office space was let in a bumper year for the Edinburgh of...
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Enstar moves to Guildford

Thursday, June 2, 2016

Insurance consultancy Enstar EU is taking 17,458 sq ft at Guildford Business Park. The letting, which is for a 10-year lease, means that building 3 on the park is now fully occupied. Benson Elliot purchased Guildford Business Park in late-2015 and working alongside asset managers Cube Real Estat...
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Plans for Elstree Studios given the go-ahead

Friday, May 27, 2016

Plans to build new soundstage at Elstree Film and Television Studio, where the original Star Wars trilogy was filmed, have been given the green light by Hertsmere Borough Council. Elstree is one of the biggest studio facilities in London and has produced films and TV shows including Indiana Jones...
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AEG's 02 JV with Crosstree shortlisted for EG's Deal of the Year

Friday, May 27, 2016

Sixty-four judges. Eight judging sessions. Two days. Sandwiches and pastries, paper and iPads everywhere. Gallons of coffee and intense debate. Seventeen long lists whittled down to 17 exceptional shortlists. The upshot? Sixty-nine businesses remain in contention to win a prestigious Estates Gazette...
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Kames sells Princes Street shop in Edinburgh

Thursday, May 26, 2016

Kames Property Income Fund has sold 140/141 Princes Street in Edinburgh to Whinstane LLP, part of Thistle Properties Group, for £2.55m. The sale price represents a net initial yield of 5% for the 6,926 sq ft of mixed-use building. The property is located on the western end of Princes Stree...
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Montagu Evans attending the WPA's Annual Dinner May 2016

Wednesday, May 25, 2016

Montagu Evans are hosting a table at Westminster Property Association's Annual Dinner this evening Wednesday 25th May at the London Hilton on Park Lane. Clients that are attending as our guests this year are GMS, Grosvenor, Nan Fung UK and Bourne Capital. We are looking forward welcoming our ...
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Montagu Evans hires JLL's ex-head of retail investment Adrian Peachey

Tuesday, May 24, 2016

Montagu Evans has hired JLL’s former head of retail investment and shopping centre veteran Adrian Peachey to join the company as a partner, starting this summer. Peachey is one of the market’s best known shopping centre investment advisers, having worked on major deals including New R...
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Colpitts signs up to new Edinburgh office

Monday, May 23, 2016

Colpitts World Travel, a corporate travel specialist, has relocated its Edinburgh-based European HQ to Bridgeside House on McDonald Road in the city. The travel firm has taken a five year lease on 1,600 sq ft of offices on the building’s ground floor, in turn becoming the first tenant in the ...
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Fashion warehouses: Tailored to suit

Saturday, May 21, 2016

Ted Baker is on his way to Derby. Cool pullovers, slim-fit suits and weekend-ready five-pocket trousers will soon be filling a 324,000 sq ft warehouse at Goodman’s Derby Commercial Park. Driven by online sales, the fashion industry is eating up floorspace. House of Fraser is tipped to be ...
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Online retail growth gives food for thought

Saturday, May 21, 2016

When a large pie is on the table it is not unusual for those with big appetites to want a share of it. On the face of it, Amazon’s entry into the UK online food delivery market is simply a case of not wanting to miss out on a good picnic. After all, according to the British Business Bank, that...
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Whinstane buys Edinburgh asset

Tuesday, May 3, 2016

Whinstane, part of Thistle Property Group, has bought 140-141 Princes Street in Edinburgh from Kames Property Income Fund for £2.6m – a yield of 5%. The 6,926 sq ft property is let to Tesco on a 20-year lease from 2012 at a rent of 135,000 per annum, with a tenant break option in 2022...
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Property leaders unite behind LandAid’s call for an end to youth homelessness

Tuesday, April 26, 2016

Seventy six leading industry figures have put their names to property industry charity LandAid’s call to action and new mission committing to help end youth homelessness in the UK. The signatories have today pledged their support to LandAid’s new mission drawn up by LandAid chief exec...
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Monty’s marathon men smash it!

Monday, April 25, 2016

A huge congratulations to two of our colleagues, Rob Lawson and Will Jarman, who smashed their respective marathons in London and Brighton.   Training had consisted of midday Fartlek runs in Hyde Park, evening runs through winter and long runs at the weekend.   Rob completed the London...
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Kuwait Airways lands at Heathrow scheme

Tuesday, April 19, 2016

Kuwait Airways has signed for space at Orbit Developments’ Heathrow office scheme. The airline operator has taken 8,416 sq ft at 1 Heathrow Boulevard building at 284 Bath Road, West Drayton. It has signed a 10-year lease at the newly refurbished 36,420 sq ft property at a rent around the...
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Taunton Cinema sold for £9.1m

Thursday, April 14, 2016

An eight-screen Odeon cinema in Taunton has been sold in a £9.1m deal. LondonMetric Property has sold the building to Asda Pension Fund in a transaction which reflects a net initial yield of 5.5 per cent. It will become part of a portfolio managed by OLIM Property Ltd (OLIM). The eight-s...
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Josh Myerson crowned Best Industry Ambassador by BPF

Thursday, April 14, 2016

We are delighted to announce that the British Property Federation (BPF) have crowned Montagu Evans Partner Josh Myerson as Best Industry Ambassador during their first ever Tomorrow's Leaders Awards. The awards recognise four exceptional young professionals aged 35 and under from BPF member organ...
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Deka buys prime Edinburgh office

Tuesday, April 5, 2016

Deka Immobilien has completed its purchase of Atria, a prime office-led scheme in Edinburgh’s exchange district, from Edinburgh Council for £105.25m. The scheme’s two buildings total 200,000 sq ft of office and retail space, which is let to multiple tenants including PwC, Brewin...
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Business rates reform: should the chancellor have done more?

Friday, April 1, 2016

Many have welcomed George Osborne’s Budget announcement, but questions remain over certain areas including the business rates reforms. The government’s reform of the business rates system in the Budget “to make it fit for the 21st century” has been broadly welcomed as a st...
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Kennedy Wilson unloads Scottish offices

Wednesday, March 23, 2016

The 220,402 sq ft office is let to the secretary of state for communities and local government until 2033, generating £2.4m pa. The site generates long-term income but also has redevelopment potential for a variety of uses including residential, hotel and student accommodation. It was bo...
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Come and visit us at Stand 22 at Completely Retail 2016

Monday, March 21, 2016

Our Retail team will be on Stand 22 at this year's Completely Retail 2016 event. We hope to see you there Tuesday 26th April at Old Billingsgate Market. Completely Retail is brings Occupiers, Landlords and Agents together to do business. The unique Marketplace format at London’s Old...
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City Property Association lunch today

Thursday, March 10, 2016

The City Property Association’s 2016 Annual Lunch will take place today in the Great Hall of the Guildhall, Gresham Street from 12pm - 3pm. Montagu Evans will be hosting a table with clients City of London Corporation, AXA Investment Managers, Aviva Investors, Qatari Diar, Historic England ...
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Montagu Evans at MIPIM 2016

Thursday, March 10, 2016

Montagu Evans will be attending MIPIM in Cannes this year.The annual conference held over four days 15th - 18th March will see 21,000 delegates attend. The event gathers the most influential international property players from all sectors for four days of networking, learning and transaction. Par...
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Hermes and M&G to sell Reading offices

Friday, March 4, 2016

Hermes has appointed agents at Montagu Evans to sell the Abbey Gardens scheme for a guide price of £50m, which reflects a yield of 7%, while M&G has appointed Savills to market Reading Bridge House for around £40m. The two offices are the first significant assets to be put up for ...
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Montagu Evans win Scottish Property Award for “Deal of the Year”

Friday, March 4, 2016

The best buildings, businesses and teams in Scotland’s commercial property sector have been crowned at the property industry’s largest celebration held in Glasgow last night. Montagu Evans are delighted to announce we have won the Scottish Property Award for “Deal of the Year&rdquo...
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Montagu Evans Business Rates CPD Seminar

Friday, February 26, 2016

Montagu Evans Head of Rating and business rates expert Mark Higgin presented a seminar on Business Rates on behalf of the CPD Foundation. If you missed it then please click HERE for the recording....
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New 1,500 sq ft coffee shop coming to Blackpool

Wednesday, February 24, 2016

Blackpool Entertainment Company Limited has revealed plans to launch Tower Coffee Company, a new coffee shop and eatery, in the Lancashire town. The firm secured a 1,493 sq ft unit on the ground floor of Number One Bickerstaffe Square, a five-storey office block forming part of the Talbot Gateway...
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Devon council buys shopping mall in Newton Abott

Thursday, February 18, 2016

Teignbridge Council has bought Market Walk Shopping Centre in Newton Abbot, Devon for £13.05m.. The deal, which represents a net initial yield of 8%, is the largest investment in the history of the council. Teignbridge bought the town centre shopping centre from Fawcett Mead. The council...
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Government wants to railroad rates regime

Friday, February 12, 2016

The comments of Steve Norris (29.01.16) are apt, timely and extremely accurate at a time when the government is studying a few hundred responses to the consultation about the business rates regime, which closed on 4 January. The chancellor is due to deliver his conclusions on reform to the appeal...
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Register for Montagu Evans Regeneration Seminars - UK Tour

Thursday, February 11, 2016

Montagu Evans and Browne Jacobson Regeneration UK Tour 11 February 2016, Birmingham 23 February 2016, Nottingham 23 March 2016, Manchester 2.00pm - 5.00pm Click here to register for any of these events The successful delivery of a regeneration scheme depends on good preparation – w...
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Montagu Evans buys Smith Young Real Estate

Wednesday, February 10, 2016

Montagu Evans has acquired niche industrial agency Smith Young Real Estate (SYRE). Formed in 2010 by Jody Smith and Gerry Young, SYRE is a specialist industrial development and leasing agency operating within the South East industrial and logistics sector, with a particular focus on west London...
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Perfect storm brewing for Northern Powerhouse

Wednesday, February 10, 2016

Overall UK Q3 investment of £14.9bn "was the weakest for two years" (source CoStar) while concerns have begun to emerge about sustainable growth in the economy as a whole. Could this be the perfect storm for the Northern Powerhouse initiative?, asks Richard Wackett of Montagu Evans&#...
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Cirrus Logic takes four floors at Edinburgh's Quartermile

Tuesday, February 2, 2016

Edinburgh mixed-use development Quartermile has secured a 70,033 sq ft letting from Cirrus Logic, a Texas-headquartered semiconductor company. Cirrus Logic will move from its existing Edinburgh site to occupy four floors of Quartermile 4 at the development. This latest deal means the building ...
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Monty’s poaches healthcare expert Andrew Hues

Wednesday, January 27, 2016

Andrew Hues has joined Montagu Evans as a partner in the healthcare team. Hues was previously head of healthcare at Aitchison Raffety and brings with him more than 20 years’ experience. He specialises in providing property valuation and investment advice to a wide range of clients, includ...
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Land Secs agrees trio of deals in Thanet

Tuesday, January 26, 2016

Land Securities has agreed deals with Outfit, Five Guys and Café Rouge at Westwood Cross Shopping Centre in Thanet. Outfit has taken a store comprising 10,000 sq ft at ground floor plus 8,000 sq ft of mezzanine. The shop will open on 18 February and offer the full Outfit range including To...
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LSH’s McAdden joins Montagu Evans

Thursday, January 14, 2016

Montagu Evans today announced that James McAdden has joined the firm as a Partner to further strengthen its extensive Central London services. James will work alongside the Capital Markets team to drive synergies and add value to the highly regarded West End office agency and lease advisory teams, a...
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Charles Tyrwhitt to open flagship store at Hay’s Galleria

Monday, January 11, 2016

Shirt retailer Charles Tyrwhitt has agreed a deal for a 3,500 sq ft flagship store at Hay’s Galleria on the southbank of the Thames. The retailer will occupy space across two floors at 55 and 55a Hay’s Galleria, which is part of the London Bridge City development. The retailer has ...
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Montagu Evans announces flurry of promotions and recruits

Friday, December 4, 2015

Montagu Evans has announced a series of recruits and promotions across the firm. Previously at QUOD, Kirill Malkin joins the 50 strong planning department in their West End office as part of the firm’s strategy to strengthen in the retail and leisure fields, building on the merger with Blue...
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Newsletter - Market Bites Winter 2015

Wednesday, December 2, 2015

Our very first edition of our ‘Market Bites’ can be downloaded HERE This is a very quick read of the latest investment deals and market topics. We hope you enjoy it and please feel free to contact any of the team for further information or enquiries you may have. “The weight ...
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Montagu Evans Quiz raises money for Trinity Hospice

Friday, November 27, 2015

Montagu Evans hosted their annual staff quiz yesterday to further raise funds for Trinity Hospice in memory of Partner Geoff Davey who died of cancer last year in June. The quiz, held at Mayfair Exchange, was attended by over 100 members of staff who raised £3,513 for Trinity Hospice. As la...
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Will Jarman crowned king Ambassador by Landaid

Friday, November 27, 2015

At this year’s Ambassador Awards sponsored by PwC, Paul Morrish. Chief Executive at Landaid gave a special commendation for Will Jarman as a Landaid Ambassador. The evening celebrates ambassadors across the property industry who have gone the extra mile. LandAid's Chief Executive comm...
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Autumn Statement: Chancellor still treading water over business rates

Wednesday, November 25, 2015

No action, fiscal neutrality and more bureaucracy is a disaster for UK business   Chancellor Osborne’s 2015 autumn statement was more significant for what was excluded rather than the minor adjustments proposed and ‘that will frustrate business’ says Richard Wackett a Partne...
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WPA annual lunch 2015

Thursday, November 19, 2015

It's the annual WPA lunch today which brings together 1,500 of the most influential figures from London and the wider UK property industry at the Grosvenor Hotel. This year the guest speaker will be Lord Hague of Richmond, former Leader of the Conservative Party. We look forward to welcoming ...
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LaSalle forward funds two student housing developments totalling £20m

Tuesday, November 17, 2015

LaSalle Investment Management (“LaSalle”), the global real estate investment manager, has forward funded two direct-let student housing properties on behalf of pension fund clients in separate off-market transactions totalling close to £20 million. Both will be completed in August ...
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Osborne’s business rate promise comes with a few strings attached

Friday, October 23, 2015

With its pledge to legislate for the biggest-ever transfer of power to local government, the chancellor’s keynote speech at the Conservative party conference certainly grabbed the headlines. In reality, there were a few strings attached, particularly to the promise that local authorities co...
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Westminster City Council Policy Update Seminar

Tuesday, October 20, 2015

Montagu Evans was delighted to sponsor WPA's policy update seminar. Below is a summary of the event The WPA was delighted to host a breakfast seminar led by Westminster City Council’s Deputy Leader and Cabinet Member for the Built Environment,  Councillor Robert Davis MBE DL. Over ...
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Benson Elliot drives off with £132m Bentley

Tuesday, October 6, 2015

Benson Elliot has exchanged contracts to buy Legal & General’s Bentley portfolio for £132m.   The UK-based private equity fund manager has acquired one of the South East’s leading business parks, Guildford Business Park, in Surrey, and a covered retail and restaurant cen...
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Raising the rate stakes: Who are the winners?

Monday, October 5, 2015

The government has announced that it intends to return full tax raising powers through the business rates system to local authorities. Chancellor George Osborne was speaking at the Conservative Party Conference in Manchester and is proposing an extension of the rate retention scheme to Local Bill...
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Meet the graduates at Montagu Evans

Wednesday, September 23, 2015

Our graduates share what they think about working at Montagu Evans and our APC structured training programme. Click HERE to watch the video....
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Monty's Flying Circus come 4th in LandAid's Ambassador Quiz

Thursday, September 17, 2015

As a Partner firm of LandAid we take our charity efforts very seriously so the pouring rain was not going to keep us away from LandAid's first ever Ambassador Quiz last night. Our team of 6 braved the elements and headed to The Happenstance to battle it out with 32 other teams to partici...
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Monty's thrill seekers take on LandAid's Broadgate Tower Challenge again

Monday, September 14, 2015

Ride it. Run it. Abseil it. The London TowerAthlon is back, and bigger than ever. For a second year, this Friday 18th September LandAid and the Worshipful Company of Chartered Surveyors will be hosting an endurance event with a difference. Teams of three will face a challenge that includes gruelling...
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Mayfair Capital acquires three properties

Monday, September 14, 2015

Mayfair Capital Commercial Property Trust (MCCPT) has acquired three properties for more than £27m, taking the fund’s total value to £184m. MCCPT, which was established in March 2014 as a Jersey property unit trust to provide unitholders from Jupiter Asset Management with UK com...
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Montagu Evans poaches Savills director

Monday, September 7, 2015

Montagu Evans has poached Savills retail director Dan Peake, who is leaving the firm after 11 years. Peake will be joining as a partner in retail and leisure agency, and will be based in the firm’s Mayfair office, W1. He started his career at Cushman & Wakefield as a graduate in ...
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Excessive Rates: Still time to act, but time is of the essence!

Sunday, September 6, 2015

As businesses will be aware by now the next rating revaluation is due to take place with effect from 1 April 2017 and preparations are already well under way. Montagu Evans will be seeking to provide our clients with a continuous consultancy in the lead up to revaluation, which could have a quite...
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Affordable housing ruling may bring big problems for developers

Thursday, September 3, 2015

Developers are in a quandary after the High Court quashed small sites affordable housing exemption and vacant building credit. The development team at Badger Building thought everything was good to go. The development team at Badger Building thought everything was good to go. Six weeks previously...
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Hermes wins planning for Edinburgh office scheme

Thursday, August 27, 2015

Hermes has received planning consent for a 152,623 sq ft office scheme and a multi-storey car park in Edinburgh city centre. Located off Morrison Street in The Exchange office district, the eight-level Capital Square scheme has floor plates that will range from 11,000 sq ft to 17,000 sq ft. It ...
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Trio of lettings for NFU Mutual at Old Bond Street

Friday, August 7, 2015

NFU Mutual has secured a trio of lettings at its newly refurbished 5 Old Bond Street office building. Propco Tritax, foreign exchange specialist Argentex and auction house John Pye & Sons have all taken space at the building, known as Standbrook House. All three companies have sign...
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Monty's smash Prudential Ride London-Surrey 100

Wednesday, August 5, 2015

Rob Lawson and Penny Moss were flying the Montagu Evans flag when they took part in this year’s Prudential Ride London-Surrey 100.  The event, now in its third year, attracts 25,000 riders and is the largest cycling sportive in Europe. Celebrating the legacy for cycling created by the ...
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OLIM strikes on bowling centres

Tuesday, August 4, 2015

OLIM Property has bought five bowling centres for £12.8m dotted across the UK on behalf of BAE Systems Pension Fund Trustees. The fund manager has purchased the five freehold centres from Columbus UK Real Estate Fund, managed by Schroder Real Estate Investment Management, at a yield o...
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Sizzling summer savings in business rates

Tuesday, August 4, 2015

With a 5-year old rating list, over 5 years of rates refunds are still being returned to rate payers. Large savings continue to roll in to Montagu Evans’s clients with one NHSPS health centre alone in Nantwich, Cheshire receiving a refund of over £500,000 .   These savings reflect...
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LIM buys Kingsmead Business Park

Monday, August 3, 2015

LaSalle Investment Management has bought Kingsmead Business Park in the Thames Valley on behalf of a client fund for £40m from a special purpose vehicle controlled by Clearbell and Patron Capital in an off-market transaction, representing a net initial yield of 6.7%. Kingsmead Business Park...
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Monty’s gems attack the Diamond 5x5k Relay at Olympic Stadium

Tuesday, July 28, 2015

Three enthusiastic teams of Monty’s athletes travelled to the Olympic Stadium, Stratford on Monday evening to compete at the Diamond Relays. Montagu Evans were up against an array of teams inclusive of Loughborough University, BT Sport, ITV and London Olympics Committee. The event was split in...
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Tech firm takes biggest Edinburgh pre-let in a decade

Monday, July 27, 2015

Edinburgh-based sports entertainment business FanDuel has agreed the Scottish capital’s biggest office pre-let in more than a decade, with a move into the new Quartermile development. The company has agreed to lease 58,567 sq ft across the top three floors of the 128,600 Quartermile 4...
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Holborn to be home to new flagship gym for Gymbox

Friday, July 10, 2015

Gymbox is to open a new flagship gym at 120 Holborn in London’s Midtown, which will become one of central London’s largest. The trendy group, which promises customers “fitness insanity”, has taken a 38,000 sq ft facility in the basement of the newly refurbished build...
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Legal Corner

Monday, June 29, 2015

The main focus during the first part of 2015 has been changes to the appeal regulations and the common law question of repair. Rebus Sic Stantibus (valuation ‘as it stands’): Exceptions to the rules. The broad over riding principle applied to any rateable unit is that it must be va...
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Rating Reform: Be careful what you wish for!

Wednesday, June 24, 2015

In the scramble for votes all of the major political parties had signed up to a ‘root and branch’ reform of the rating system in England, but what will this mean as the Valuation Office Agency urgently prepares valuations in anticipation of the rating revaluation due at 1 April 2017? ...
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Rating update - As the dust settles there is plenty to settle

Monday, June 22, 2015

As the political dust settles and the new Government begins to refocus on a continuation of its programme of austerity, comprising the need to maximise all tax yields while at the same time restricting and reducing the cost of bureaucracy, businesses will be asking: how is the much maligned rating s...
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Montagu Evans run for LandAid

Wednesday, June 17, 2015

The Landaid Summer run event, now in its 19th year, has become one of the property industry’s most popular sporting challenges with places for this year’s 10km run selling out in a record six weeks. Tuesday 16th June saw 23 Montagu Evans colleagues join fellow property industry professio...
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Strata scheme wins award for Best Development Outside Central London

Friday, June 12, 2015

LaSalle Investment Management and Bell Hammer today walked away with the award for “Best Development Outside Central London” for their office scheme Strata, Staines. Montagu Evans are the retained agents for the scheme. The award was given at the OAS Development Awards held in ...
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Siemens welcomes planning consent for Hull wind turbine blade factory

Friday, June 12, 2015

Siemens have welcomed a decision by Hull City Council’s Planning Committee to grant approval to plans by global wind energy market leader Siemens for a turbine blade factory and associated facilities in the city. The committee gave consent, subject to conditions on technical details, for th...
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Monty’s Grad takes on Nightrider

Thursday, June 4, 2015

  Commencing at 11.15pm, LandAid’s Nightrider is a testing 100km moonlit cycle ride circling London. While the capital sleeps, Will Jarman will be spinning along the streets of London and raising money for LandAid alongside other keen cyclists. Will is looking to complete the 100 km cour...
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Headline-dodging rates revaluation delay will cause business woe

Friday, May 29, 2015

It’s time for action on business rates The government’s decision in 2012 that there would be no rating revaluation in April 2015 - in order to ensure predictability for business - will have precisely the opposite effect by the time the next rating revaluation arrives in April 2017. ...
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Pure Gym make Motherwell

Thursday, May 21, 2015

The rejuvenation of Motherwell Shopping Centre continues with the imminent arrival of Pure Gym at Brandon Parade South.   Pure Gym Ltd, which launched in 2009 and now operates over 100 low cost fitness centres across the UK, has taken a 15-year lease of 17,500 sq ft.   Montagu Evans, a...
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Cordea Savills buys into Woolwich

Tuesday, May 19, 2015

Cordea Savills is growing its residential development pipeline with the purchase of a site in Woolwich, London for a £65m housing scheme. The site, called Callis Yard, was bought on behalf of its Prime London Residential Development Fund II (PLRDF II) in a joint venture with Urbanwise. &...
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Clearbell chalks up SE offices

Monday, May 18, 2015

A fund managed by Clearbell Capital has added to its £100m South East office portfolio Chalk with the purchase of two offices in Reading, Berkshire, for £19.7m – a 6.5% yield on a £1.4m rent roll.   The assets, Atlantic House and Pacific House, total 95,692 sq ft. &nb...
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Motor park spun on its axis

Monday, May 18, 2015

MOTOR PARK SPUN ON ITS AXIS   Edinburgh’s Luxury Car Village at Newbridge is set for further expansion.   PREM Rooster II LLP, has just completed the sale of Plots 3 & 4 at Axis Park, Newbridge to Eastern Motor Group (EMG), one of Scotland’s largest motor groups.  ...
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Montagu Evans announces record results

Friday, May 1, 2015

Montagu Evans has announced record results for the year to end of March 2015, as turnover climbed 15%. The agent and planner saw the turnover for the year rise to £37.5m compared to £32.8m in March 2014 with strong performance out of the regional offices. The Edinburg...
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Montagu Evans retail on Stand 34 at Completely Retail & Leisure 28th April

Tuesday, April 28, 2015

Montagu Evans will be on Stand 34 at this year's Completely Retail & Leisure event on Tuesday 28th April. Held at Old Billingsgate Market, this is a key event in the retail and leisure industry which brings agents, landlords and most importantly, retailers together to discuss prope...
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Trampoline parks bouncing into the UK

Monday, April 27, 2015

Trampoline parks are already big news in America, but the trend has yet to catch on in the UK. That could change as a growing number of operators seek sites across the country. For many Brits, their only familiarity with a trampoline is lining up during PE lessons for a few desultory jumps - or b...
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Montagu Evans bolsters retail and leisure team

Monday, April 20, 2015

Montagu Evans has recruited Gerry Gillingham to become a partner in its retail and leisure business. Gillingham will be responsible for asset management as well as growing the development arm of its out-of-town retail and leisure team. Prior to joining the firm Gillingham h...
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Two of Montagu Evans' office schemes shortlisted for OAS Awards 2015

Thursday, April 9, 2015

Montagu Evans today announced that two of their office schemes have been shortlisted for the OAS Development Awards in the “West End Development of the Year” and “Best Development outside Central London” categories.   The transformation of Freshwater’s 1920s Grad...
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Montagu Evans announces raft of promotions

Thursday, April 2, 2015

Montagu Evans has announced 10 promotions including five partners across its UK business. The partners are: Steven McDonald - Professional (Glasgow) Craig McPhail - Investment (London) Nick Richardson - Investment (London) Raoul Veevers – Planning (London) John Tinley &nda...
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Job Opportunities at Montagu Evans

Monday, March 30, 2015

We are recruiting for various roles in planning, affordable housing & retail. Please take a look at our career page for further information http://www.montagu-evans.co.uk/careers/employmentopportunities...
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French connection at Victoria

Friday, March 27, 2015

French publishing house Lagardère Group is taking the final office space at Land Securities’ 80 Victoria Street in London’s West End. Property Week understands the Paris-based media group is taking the remaining 7,400 sq ft on the fourth floor, which will leave the b...
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Action! New film backlot at Elstree Studios

Friday, March 27, 2015

Montagu Evans have secured planning permission for a new film backlot at Elstree Studios for long-term TV series. Known as the birthplace of Star Wars, some of the most famous films in the world have been produced here including the Indiana Jones and Star Wars trilogies, Superman, The Shining and La...
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Montagu Evans merger with Blue Sky Planning

Tuesday, March 24, 2015

Montagu Evans is delighted to announce its merger with the specialist planning firm Blue Sky Planning. This latest strategic move, which takes effect from April, consolidates Montagu Evans position as one of the UK’s leading planning consultants and strengthens its expertise in the specialist ...
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Government tells small retailers not to pay under-fire rates relief firm

Friday, March 20, 2015

Justifiably believing they provide an above-the-board service ensuring their clients pay only what is due, many in the sector are appalled by the prospect that others could be bringing their profession into disrepute. Stories abound of firms promising the world and then abstracting a disproportionat...
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Montagu Evans strengthens office agency team

Monday, March 9, 2015

Montagu Evans today announced the strengthening of their office agency offering with the senior appointment of Richard Webster, joining as a Partner, and Roger Holmes, joining as an Associate.   Webster boosts a long and successful career having worked at Churston Heard, Jones Lang LaSalle, C...
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Montagu Evans at MIPIM 2015

Monday, March 9, 2015

Montagu Evans will be attending MIPIM in Cannes this year.The annual conference held over four days 10th - 13th March will see 21,000 delegates attend. The event gathers the most influential international property players from all sectors for four days of networking, learning and transacti...
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Beware hidden changes in rates assessments

Friday, February 27, 2015

Hidden away in the detail of the chancellor’s Autumn Statement was a commitment to make some far-reaching alterations to the rights of occupiers and landlords who wish to appeal their rating assessments. Specifically, the government stated it would change the rules so that alterations...
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Bower takes the reins at Montagu Evans

Friday, February 27, 2015

Robert Bower has been appointed as managing partner of Montagu Evans. Bower, 47, currently heads the partnership’s professional services team and will start the new role from 1 April. He takes over from Steve Thomas, who will remain as a partner with Montagu Evans’ ra...
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Lease expiries will bring retail opportunities

Friday, February 27, 2015

Forecasts that a wave of store closures could come this year have set alarm bells ringing, but mass store exits may be unlikely.   Fears abound that vacancy rates could be back on the up if retailers choose not to renew their leases. About 43% of shopping centres leases and 37% of high street...
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JOB OPPORTUNITY - RECRUITING PLANNING GRADUATES

Thursday, February 26, 2015

AUTUMN 2015 PLANNING GRADUATES - LONDON Montagu Evans LLP is an industry leading multi-disciplinary property consultancy with a particular expertise in Planning and Development. We provide commercial planning and development advice to many of the country’s leading developers, financial...
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Montagu Evans Capital Markets rank top 15 as Investment Agents - Acquisitions in CoStar's 2014 league table

Thursday, February 26, 2015

The Montagu Evans Capital Markets Team has ranked in the top 15 in the 2014 CoStar Investment Agents League Table - Acquisitions with a total of £757 million of acquisition transactions within the calendar year. In addition to this the team completed on £347.5 million of dispos...
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Delancey to sell Orchard Brae House after lettings deals

Friday, February 20, 2015

Delancey is poised to sell its 102,000 sq ft flagship office scheme in Edinburgh in a bid to capitalise on a string of leasing deals at the building over the last 12 months. The developer has appointed agents at Montagu Evans and Lewis & Partners to sell Orchard Brae House for £22...
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Fixing the costs: Making the UK attractive to manufacturers

Friday, February 20, 2015

Mark Higgin, Head of Rating at Montagu Evans, took part in a roundtable, hosted by the New Statesman and General Motors titled “Fixing the costs: Making the UK attractive to manufacturers”. It was part of a duo of roundtables, with Government and opposition, and the report with the outco...
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Amazon to sell Soho office redevelopment

Wednesday, February 18, 2015

High-end residential developer Amazon Property is selling an office redevelopment in the heart of London’s Soho. Amazon has appointed Michael Elliott and Montagu Evans to sell Marlborough Yard - 47, 48 and 50 Poland Street - for a price thought to be around £45m.   The site inc...
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Planning and leisure agency splash at Fountain Park for Montagu Evans

Monday, February 16, 2015

On behalf of Leisure I (Edinburgh) Limited PER Land Securities Montagu Evans’ Scottish Planning team have secured planning permission for the redevelopment of vacant space at Fountain Park, Dundee Street, Edinburgh to create new leisure units and restaurant space.  The scheme also include...
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Montagu Evans appoints two Partners

Tuesday, February 10, 2015

Montagu Evans has recruited two Partners working in its planning and development consultancy business. Planning head Gary Forster and development consultant expert Simon Hope have joined as Partners. Forster will continue to focus on mixed use projects in London, contributing to the contin...
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Hampstead residential scheme wins consent

Wednesday, February 4, 2015

Residential developer Bravo secured planning consent yesterday for a 48,000 sq ft housing scheme in a conservation area in Hampstead, North London, following a two week public inquiry. Camden council had refused permission for the six-storey development at 29 New End, which was to replace a derel...
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Jaguar Land Rover takes Birmingham warehouse

Tuesday, February 3, 2015

JLR is lining up for a 477,000 sq ft Birimingham warehouse. The move - as predicted by SHD Logistics in October 2013 - will see Jaguar Land Rover take extra space at the 65-acre Prologis Park Midopoint site. The plan involves adding an extra 164,000 sq ft to the existing 312,000 sq ft DC4 un...
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Urban Development & Heritage in China: Presentation & Discussion

Wednesday, January 21, 2015

Montagu Evans LLP are hosting a presentation and discussion titled ‘Urban Development and Heritage in China’ on Wednesday 21st January 2015 from 6pm at The Gallery, 77 Cowcross Street, London EC1M 6EL. Dr Chris Miele, a Senior Partner in the Practice, will be chairing the evening which w...
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Delancey bags four tenants in Edinburgh office

Monday, January 19, 2015

Vet Solutions, part of the global Henry Schein medical group and Ecometrica, an industry leader in environmental sustainability management have taken 8,000 sq ft between them. Braemore, Edinburgh’s largest lettings and property management company, has taken 6,000 sq ft of space in the bui...
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Smoke and Mirrors; No business rate reform but restrictions on appeals signalled

Friday, January 16, 2015

The government has announced its intention to extend its assistance to small businesses during 2015/16 and it is anticipated that whichever party or parties are elected in May the Autumn statement announcements will be carried forward including:   1. A 2 percent limit on rate increases for so...
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Montagu Evans partners reap rewards from profit rise

Wednesday, January 7, 2015

Pretax profit jumped 33% at Montagu Evans last year, on the back of a steady rise in turnover.   Recently filed accounts show pretax profit increased to £19.3m in the year to 31 March 2014, up from £14.5m the previous year.   During the same period the company achieved a &p...
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Seasons Greetings from Montagu Evans

Friday, December 19, 2014

Seasons Greetings to all our clients and colleagues. We hope you all have a wonderful Christmas and a Happy New Year. Click on the HERE to view our e-greeting. This year the Firm has made a donation to Nordoff Robins, a music therapy charity dedicated to transforming the lives of vulnerable peopl...
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Monty's joins the woolly revolution for Save the Children's Christmas Jumper Day

Friday, December 12, 2014

There was plenty of Christmas cheer in the office today as Montagu Evans staff joined the woolly revolution this year and wore festive jumpers to raise money for a wonderful charity and client of ours Save the Children. To donate money please click HERE...
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Navigate the planning maze & achieve your dream house

Friday, December 12, 2014

ARKITEXTURE, the online design community showing Architects and Interior Designers' best projects, recently interviewed two of our Partners and planning experts on how to navigate the planning maze and achieve your dream home.  Chris Miele With more than 20 years&rs...
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Loyalty is alive and well at Montagu Evans

Monday, December 1, 2014

Our Marketing & PR Manager was interviewed for this month's edition of PM Magazine (Professional Marketing). Read her interview below. Modern IT systems and old-fashioned loyalty – these are two of the main ingredients of the success of UK chartered surveyors and property consult...
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Institutional funds move into the direct-let student market

Friday, November 28, 2014

Institutions are cautious souls. In the student housing sector, most institutional investment remains focused on schemes where there is a leasing agreement with the university — removing the risk of having to rent it out to undergraduates themselves. Yet in the past 12-18 months, a number...
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Monty's Mos – The Hirsute Pursuit of Bristly Brilliance

Wednesday, November 26, 2014

The Planning Team have taken up the mantle of Montys’ Movember effort this year… with some truly pathetic results. The debacle began nearly four weeks ago. A week in, the hairs could be counted on the fingers of one hand. After the second week, we were using toes. Undeterred by this e...
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Quay to success for gym lovers

Friday, November 14, 2014

The Gym Group has announced plans to open its third fitness centre in Glasgow in December.   The low-cost gym chain has taken a 15 year sub lease of the 2nd floor of The Alea casino at Springfield Quay at a rental of £105,000 per annum, plus 18 months rent free.     The 15,9...
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Expiring leases could be a time-bomb for the property industry

Friday, November 14, 2014

The volume of leases expiring could be a game-changer for the market. Simon Creasey reports. It has been described as a ticking time-bomb for retail landlords. According to some property sources, 80% of retail leases are due to expire by 2020. Others suggest 51% of leases will expire by 201...
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£1m restaurant signs up to key development

Thursday, November 6, 2014

A £1m investment will see a 300-seat restaurant open next year underneath the Talbot Road multi-storey car park. Raghbir Singh Basrai has now officially signed a deal to take over the 7,804 sq ft unit. And the developers behind the scheme said today they are hopeful more new tenants will...
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Scotland’s First Trampoline Park Set to Spring into Action

Friday, October 31, 2014

Acting on behalf of Hansteen Property Investments Ltd, Montagu Evans has let 33,000 sqft at the Playsport leisure complex in East Kilbride for Scotland’s first indoor trampoline park, which will be called Air Space and is set to open before Christmas.   Air Space will be Europe’...
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Schneider takes two at 80 Victoria Street

Friday, October 31, 2014

Energy specialist Schneider Electric has agreed to take 11,000 sq ft on the second floor of Land Securities’ 80 Victoria Street in the West End   The company, which is headquartered in France, has taken a 10-year lease at what is thought to be around the quoting rent of £63.50/sq ...
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Monty's best ever Estates Gazette Agency Ranking

Wednesday, October 22, 2014

Estates Gazette this week published its central London office agents league table for Q3 2014 and we are delighted to announce that the Montagu Evans West End Agency team have yet again featured in the league tables, this time ranking 10th, our best position to date.   This places us above st...
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Retail deals at the double for Blackpool’s Talbot Gateway

Friday, October 17, 2014

Two retail deals totaling 8,912 sq ft have completed at Muse Developments’ new 25-acre Talbot Gateway Central Business District in Blackpool. Global fast food chain Subway will be joined by Mr Basrai’s World Buffet which have taken 1,108 sq ft and 7,804 sq ft respectively. The...
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British Land agrees 50,000 sq ft Outfit deals

Wednesday, October 15, 2014

British Land has agreed 50,000 sq ft of deals with fashion retailer Outfit across four of its retail parks. The Arcadia fascia is taking 12,500 sq ft at both Mayflower Retail Park in Basildon, where it will move into the unit that was previously occupied by Next before its expansion at the ...
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JD Sports secures five former Kiddicare stores to expand Ultimate Outdoors chain

Tuesday, October 7, 2014

JD Sports has secured five former Kiddicare stores as it prepares to roll out its Ultimate Outdoors fascia, Retail Week understands. The sports retailer has signed for half the shuttered Kiddicare property estate. JD will add more than 200,000 sq ft to its specialist outdoors fascia, which at pre...
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Montagu Evans sponsor the IHBC London Conference

Monday, October 6, 2014

Montagu Evans are sponsoring the IHBC London branch day conference which will take place tomorrow Tuesday 7th October 2014 at the Royal College of Physicians near Regent’s Park, London. The conference will examine regeneration at the local level, and show how a conservation-based approach can ...
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Five Guys takes West End bite

Thursday, October 2, 2014

American burger brand Five Guys will open its third London restaurant at 5 Argyll Street, W1.   Five Guys will open a 2,500 sq ft restaurant on a 13-year lease in its new location close to Oxford Circus.   The two-floor restaurant previously traded as Cape Town Fish Market. The space i...
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Freshen up your career in retail & leisure agency at Montagu Evans

Tuesday, September 23, 2014

Montagu Evans LLP are seeking to grow their highly regarded, progressive retail & leisure team and are recruiting for new roles. All posts will be based out of their Mayfair office in Central London. Retail Agents - High Street & Out of Town, newly qualified to Partner level considered. ...
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Fleet House set for approval

Friday, September 19, 2014

The City of London Corporation’s plans to redevelop Fleet House at 8-12 New Bridge Street , EC4, with a new 75,000 sq ft office block have been recommended for approval.   The scheme proposes demolition of the existing 1950s office block on the site and replacing it with a new eight-sto...
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LandAid’s 2014 TowerAthlon Challenge

Friday, September 19, 2014

In our experience an event with ‘athlon’ in the title usually involves a swim, cycle and a run. In this case, the swim was replaced by an abseil off the top of the 539 ft high Broadgate Tower. The run was covered by a scale of 877 steps (35 floors) up the tower and the cycle was 10 minut...
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Monty's thrill seekers take on Broadgate Tower

Monday, September 8, 2014

On 19 September 100 teams of property professionals will begin their assault as part of LandAid’s new challenge event. One will abseil down the 539ft tower, another will take on the 877 stairs while the third member will cycle-sprint on the Plaza grounds.   Oliver Petch, Matt Moran and ...
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M&G Investments puts up £25m for Fife student residential development

Wednesday, September 3, 2014

M&G Investments today announced it is providing £25m in development finance for student accommodation at the University of St Andrews in its third deal with Campus Living Villages.   CLV is working in partnership with the university on the 324-bed Fife Park student residence.  ...
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The inside buzz on Montagu Evans' graduate programme

Monday, September 1, 2014

Want to know what our graduate programme offers you and what our graduates say about us? Follow this link HERE and get the inside buzz. We are pleased to report that our overall score on the survey our graduates completed for Target Jobs was 9.1 out of 10. This means we ranked above our competitors ...
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Michelle Brehaut joins Montagu Evans as commercial surveyor

Wednesday, August 27, 2014

Commercial surveyor Michelle Brehaut has joined Montagu Evans Channel Islands to focus on the company’s growing commercial property portfolio. Michelle, who holds a post-graduate diploma in surveying and is a member of the Royal Institute of Chartered Surveyors, previously worked at Long Port,...
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CBREGI snaps up South East pair

Wednesday, August 20, 2014

CBRE Global Investors has bought an office in Buckinghamshire and a retail warehouse in Bexley, west London, for £8.5m.   Sunrise House, sold by Palace Street Capital for £3.2m, is a 10,220 sq ft office let to Sunrise Senior Living until 2023.   The Wickes store on Madford ...
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Jaguar Land Rover motors into Ryton

Thursday, August 14, 2014

Prologis has signed Jaguar Land Rover to take its entire speculative shed at Ryton in the West Midlands, as revealed by Estates Gazette in July.   Jaguar will take 225,000 sq ft at Prologis Park Ryton, serving as the new special vehicles operations technical centre.   Jaguar will take ...
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L&G bags Soho letting

Friday, August 8, 2014

 Legal & General Property and Walbrook Land have let 7,000 sq ft at 76 Wardour Street , W1, to ThoughtWorks.   The software company has signed for the entire first floor on a 10-year lease.   It will move from Berkshire House, 168-173 High Holborn , WC1.   The letting t...
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South East offices focus: The social side of business

Saturday, July 19, 2014

With cities and town centres proving expensive for office occupiers, companies are looking to business parks to provide a cost-effective work solution and the bonus of social benefits. Helen Hamilton reports. The business park is dead. Long live the business park! It is a mantra of the post-...
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Midlands shed lettings ramp up

Saturday, July 19, 2014

More than 1m sq ft of Midlands warehouse space is close to being leased by car manufacturers as the industry’s renaissance in the area gathers pace.   Spare part merchant Euro Car Parts is close to taking the 35-acre plot 3 at IM Properties’ Birch Coppice industrial park, to build...
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M&G backs Royal College of Music digs with £36.9m

Wednesday, July 16, 2014

M&G Investments is backing the redevelopment of College Hall, the main student residence for the Royal College of Music, with £36.9m. The fund manager has bought a 125-year long leasehold interest in the property and will provide the finance to unlock a new 417-bed building, repla...
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Montagu Evans Staff Quiz raises further funds for Trinity Hospice

Wednesday, July 16, 2014

Montagu Evans hosted a staff quiz yesterday to further raise funds for Trinity Hospice in memory of long standing Partner Geoff Davey who died of cancer earlier this year in June. The quiz was attended by over 100 members of staff who raised a further £3,145 for Trinity Hospice where Geoff ...
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Gymbox to pump up portfolio

Friday, July 11, 2014

Boutique gym chain Gymbox has secured funding to double the size of its portfolio over the next year.   The group, led by Richard Hilton, has secured £10m from BGF, an investment firm set up to help growing UK businesses.   Paul Campbell, chairman of the Hawksmoor chain of steak ...
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Mishcon confirms Africa House HQ

Wednesday, July 9, 2014

Mishcon de Reya has confirmed it has signed for a new London HQ at Africa House , 64-78 Kingsway, WC2.   The law firm said it had signed a deal for the 120,000 sq ft office block, as revealed by Estates Gazette in April .   Quoting rent at Freshwater’s building was £59.50 p...
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Monty's Partners smash JLL Property Triathlon

Friday, July 4, 2014

Congratulations to everyone that took part in this year's JLL Property Triathlon and Property Swim on Friday 4th July 2014 at Dorney Lake, especially to our Partners Robert Lawson, Tom Paton Smith and Raoul Veevers who completed it in great times. Over 2,900 competitors took part in the event...
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Labour rates plan 'no panacea'

Friday, July 4, 2014

Rating experts have dismissed Labour’s pledge to hand control of business rates to councils, arguing it will have a minimal effect on growth. Labour leader Ed Miliband said this week that if his party is elected next May, councils would be allowed to keep all business rates income generat...
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Rating coup for Montagu Evans as they recruit LSH Head of Rating

Tuesday, July 1, 2014

Montagu Evans LLP today announced the appointment of Richard Wackett as a Partner in Manchester. Richard joins Paul Surgeon and Kyle Maplesden whom previously worked in the Rating team at Lambert Smith Hampton.   Richard is a well-known figure in the Rating industry having  negotiated co...
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Moorfield lands £80m funding deal at Quartermile

Monday, June 30, 2014

M&G Real Estate is to provide £80m of development finance for Edinburgh city centre landmark development Quartermile.   In a deal tipped by Property Week in March, the fund has teamed up with owner Moorfield Group to develop the remaining two offices in the scheme, Quartermile 3 and...
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Scottish independence: business as usual?

Friday, June 20, 2014

It will be a busy summer in Scotland. At the end of July, the Commonwealth Games will get under way in Glasgow, followed, in August, by Edinburgh’s annual International Festival and Fringe. Tourists and locals will have plenty to keep them occupied. But will the business community, and th...
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Montagu Evans run for LandAid

Tuesday, June 17, 2014

Montagu Evans are a Partner firm of LandAid and Tuesday 17th June saw 22 of our colleagues participate in their 10k event in Regents Park. It was a beautiful summer’s day which saw them compete alongside 545 other property professionals in what turned out to be LandAid’s most successful ...
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Montagu Evans Partner Geoff Davey dies

Monday, June 16, 2014

Long-serving Montagu Evans partner Geoff Davey has died following a battle with cancer. Davey, a partner in Montagu Evans’ agency team for almost 20 years, passed away at Trinity Hospice at the weekend. A Montagu Evans statement said: “Geoff still retained his great hum...
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L&G buys High Wycombe hotel for £11m

Friday, June 13, 2014

Legal & General Property, on behalf of its Linked Pensions Fund, has purchased a recently developed Travelodge hotel and three retail units in the centre of High Wycombe from McLaren Property for £11m at a yield of 6.8%. The property is located immediately adjacent to one of the b...
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Montagu Evans veteran departs

Thursday, June 12, 2014

Montagu Evans’ former head of Scotland Bill O’Hara has resigned from the partnership. He will instead concentrate on Paradigm Asset Management Group, which he founded in 2004, which manages £400m of property assets throughout the UK on behalf of institutional and private...
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Montagu Evans running for LandAid

Thursday, June 12, 2014

Montagu Evans are a Partner firm of LandAid and 21 Montagu Evans colleagues will be running the 10k Summer Fun Run on Tuesday 17th June. They will be competing alongside 500 other property professionals.   LandAid aim to raise £60,000 at this event with proceeds going towards charitable...
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Montagu Evans Partner's son races ahead for father

Tuesday, June 3, 2014

Further to our previous press release about Geoff Davey (click here), his youngest son Tobias, 9 years old, completed The Color Run and has so far fund raised over £25,000 for the hospice where Geoff is being looked after. Geoff, Partner in the Montagu Evans Agency team for almost 20 y...
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Burberry fashions brace of sublets

Monday, June 2, 2014

British fashion house Burberry has sublet office space to two tenants at its former Haymarket office, SW1.   GEMS Education has taken 8,000 sq ft at St Alban’s House and Odeon Cinemas has signed for 7,450 sq ft.   Both leases are until 2019 and are for rents between £45 per...
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Agents toast appointment to enlarged HCA panel

Saturday, May 31, 2014

Agents have been appointed to the Homes & Communities Agency’s property panel – which has been labelled as important as the government’s own real estate services framework. Estates Gazette revealed this week the 14 names that have been chosen for the expanded HCA fram...
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9 year old smashes a very personal fundraising target for his father

Thursday, May 29, 2014

Geoff Davey, Partner in the Montagu Evans Agency team for almost 20 years, was diagnosed with terminal cancer last November. Geoff is a highly-respected and very well liked individual in the property world. He is currently being cared for at Trinity Hospice, beside the wide green spaces of Clapham C...
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Integrating offices with the community

Saturday, May 10, 2014

Who are offices for? It’s an obvious question and, on one level, the answer is straightforward: offices are for those who work in them. But increasingly office developers are choosing to stress how important it is that offices are also part of the community in which they sit.   This can...
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Office rents: return to growth

Saturday, May 10, 2014

Office rents are on the way up again. They are already on a bull (or perhaps bullock) run in the places you might expect – 9.1% in the City of London last year, according to Knight Frank. But the regions are also starting to get in on the act, with Colliers International’s latest office ...
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Lumina buys Sunderland complex

Friday, May 9, 2014

Lumina Real Estate Capital has bought Sunderland’s only city-centre cinema and leisure scheme from Columbus Capital for £13m.   The 91,374 sq ft Sunniside Leisure scheme on High Street West (pictured), is let to tenants including Empire Cinemas, Grosvenor Casinos, Nando’s an...
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Unite gets Wembley planning

Thursday, May 8, 2014

The Unite Group has achieved planning consent for a 699-room student accommodation scheme in Wembley. The consent facilitates the completion of a deal to sell the one-acre plot on which the 200,000 sq ft development will be built. The land has been sold by Schroder Real Estate Investment Tr...
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Tony Set For Chamber Presidency

Wednesday, April 30, 2014

Tony Rowbotham, Partner at Montagu Evans, has been announced as the next President of the Guernsey Chamber of Commerce.   The commercial property expert, who has led the Chamber’s retail sub-group for the past couple of years, should succeed Rupert Dorey as President following the Chamb...
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Come and visit us at Stand 9 at Completely Retail 2014

Tuesday, April 29, 2014

Our Retail team will be on Stand 9 at this year's Completely Retail 2014 event. We hope to see you there Tuesday 29th April at Old Billingsgate Market.  Completely Retail is brings Occupiers, Landlords and Agents together to do business. The unique Marketplace format at London&rsquo...
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Johnston Press seals move to new headquarters

Monday, April 28, 2014

Johnston Press, parent company of The Scotsman newspaper, is poised to move its Edinburgh offices to Delancey’s Orchard Brae House on Queensferry Road. The publishing company has agreed a 15-year lease for 25,500 sq ft of space on the seventh and eight floors of the 104,000 sq ft building. ...
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Business Rates – How the latest changes affect retailers

Thursday, April 24, 2014

In an in depth interview with the British Retail Consortium Mark Higgin, Head of Rating at Montagu Evans, looks at the latest changes to the rating system and explains their impact on the retail sector. As a member of the RICS Rating and Local Taxation Policy Panel, Mark is ...
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NLA conference - London’s changing skyline - have we got it right?

Thursday, April 24, 2014

Following the private view and opening of the NLA London's Growing Up! exhibition which Montagu Evans are sponsoring, there will be half day conference that will be taking place on Tuesday 24th April 2014. Supporting the NLA's study into the rise of tall buildings in London, the conference&n...
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Matthews joins Montagu Evans

Tuesday, April 22, 2014

FINANCE: Former Deutsche Postbank UK boss Bruce Matthews has joined agent Montagu Evans as a consultant to expand its funding and debt advisory practice.   Montagu Evans appointed former DG Hyp’s London boss Andrew Goodbody to establish its debt advisory business in 2012. The division a...
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LIM digs Derby student flats

Saturday, April 19, 2014

LaSalle Investment Management has bought student accommodation block Darley Bank in Derby from Watkin Jones for £19.5m – a 7% yield. The 405-bed Brook Street building is let to Fresh Student Living on a five-year inflation-linked agreement. Montagu Evans advised LIM; Lawson & Partner...
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Mishcon’s midtown Africa adventure

Thursday, April 17, 2014

Mishcon de Reya has settled on Grade II listed Africa House on London’s Kingsway to end a long-running search for a new HQ, sparking a redevelopment play for its previously earmarked option.   The law firm has gone under offer to let the entire 120,000 sq ft refurbished office block at ...
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New letting at Edinburgh’s Waverleygate

Thursday, April 17, 2014

M&G Real Estate has let 8,633 sq ft of space at Waverleygate in Edinburgh to Hogarth Worldwide. The marketing agency has signed a 10-year lease and adds to their offices in London, Hamburg, New York and Singapore. They join Scottish Ministers, Microsoft, Amazon and H&M at the former...
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Office to Residential - a "get out of jail free card?"

Tuesday, April 15, 2014

The office to residential permitted development rights were touted as a "get out of jail free card" for the owners of under-performing or tired office buildings.  A year in and with roughly two to go, what is happening in reality, and how easy is it to use the rights that have been co...
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UBS Soho revamp looks to be Golden

Friday, April 11, 2014

Proposals for a £45m office revamp at 12 Golden Square in Soho, W1, have been approved. UBS Global Asset Management’s Central London Office Value Added Fund will now start a 26,800 sq ft refurbishment of the six-storey building. The Tate Hindle Architect-designed project ...
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UNITE scores Wembley consent

Friday, April 11, 2014

UNITE has secured planning approval for a 699-bedroom student scheme in Wembley, north London. The proposals, which include 10,600 sq ft of shops, were approved by Brent council on 9 April. It comes after UNITE bought part of the site at Olympic Way from Schroders for £7.4m. Sch...
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Scape founders seal first deal for new London resi venture

Friday, April 4, 2014

Adam Brockley and Paul Williams’ Bode Property buys Archway office with approval for 141 flats. Adam Brockley, chief executive of high-end student housing developer Scape Student Living, has launched a new mid-market London residential developer which aims to reach 1,000 units in two ...
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Wainbridge takes two at 120 Holborn

Friday, April 4, 2014

UK property company Wainbridge has agreed new leases with two tenants at BT’s former Midtown office,120 Holborn, which it asset-manages on behalf of the owner.   Wainbridge said Roubini Global Economics, the economic research firm founded by Nouriel Roubini, and the Money Advice Service...
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Montagu Evans sponsors NLA's London's Growing Up! Tall Buildings Exhibition

Wednesday, April 2, 2014

750 guests descended on last week's private view of the New London Architecture's exhibition called London's Growing Up! Montagu Evans are sponsoring this fascinating exhibition which explains how our skyline is changing through the rise of tall buildings. Over 10% of the exhibits are...
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Five Guys moves into Bullring

Friday, March 28, 2014

US burger brand Five Guys is continuing its UK expansion with a new restaurant at Hammerson’s Bullring in Birmingham.   The restaurant will be the brand’s first in the West Midlands. It will open this summer on the mall’s middle level.   Hammerson leasing executive Ch...
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City Property Association lunch 2014

Thursday, March 27, 2014

Montagu Evans are looking forward to this year's City Property Association lunch today Thursday 27th March at Guildhall, Gresham Street, London EC2. Our Partners David Reid, Peter Bovill, Nick Goodman and Simon Harris will be hosting a table with our client guests City Corporation of London,&...
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Peabody finds med centre remedy

Monday, March 17, 2014

Peabody is hatching a plan for a £150m mixed-use regeneration of a north London medical campus bought from University College London and Middlesex University this week. The housing association is looking to build circa 450 homes and commercial space including shops and restaurants on the ...
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Ron Gold wins Hackney green light

Monday, March 10, 2014

Ron Gold Developments has won planning approval for a Hackney mixed-use scheme.   The RMA Architects-designed redevelopment of 17-20 Parr Street, N1, includes 8,000 sq ft of commercial floorspace at basement and ground-floor levels with 24 flats set out above over four floors.   Despit...
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UK cities 2014 - Glasgow

Saturday, March 8, 2014

Location Buchanan Galleries, Buchanan Street   Size 700,000 sq ft extension comprising shops, restaurants, leisure space and cinema   Value £350-400m development cost   Developers Land Securities and Henderson Global Investors   Prelet Marks & Spencer for 150,00...
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UK cities 2014 - Edinburgh

Saturday, March 8, 2014

Location Caltongate, Edinburgh Old Town, east of Waverley station   Size 640,000 sq ft, including 178,000 sq ft of offices, plus retail, hotels and homes   Value £150m   Developer Artisan Real Estate Investors   Prelets Two hotels for Whitbread   Status Detai...
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China’s five stars double in Nine Elms

Friday, March 7, 2014

Dalian Wanda to cut offices in favour of hotel space in Vauxhall   Chinese conglomerate Dalian Wanda plans to remove more than 100,000 sq ft of offices and double the size of its five-star hotel at its One Nine Elms scheme (artist’s impression, right) in Vauxhall, south London.   ...
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GPE wins Soho office approval

Wednesday, March 5, 2014

Great Portland Estates has won planning permission for a redevelopment of office-led St Lawrence House, W1.   Westminster city council last night gave the REIT planning permission to partly demolish 26-34 Broadwick Street and 10 Livonia Street, and provide a mixed-use replacement.   Co...
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Join Montagu Evans at MIPIM 2014

Monday, February 24, 2014

MIPIM 2014, one of world's the largest real estate shows, is fast approaching. Our Partners at Montagu Evans will be attending the event in Cannes. Click here for further information of the event. If you would like to meet up with them please drop us line on mipim2014@montagu-evans.co.uk...
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BRC ratings plea is a waste of energy, say experts

Monday, February 24, 2014

  Rating experts have accused the British Retail Consortium of attempting to shift the burden of business rates away from retailers through its proposal for an energy-based tax.   The BRC and accountant EY this week published Business rates: the road to reform, which proposes a complete...
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West London welcomes Five Guys

Wednesday, February 19, 2014

US burger chain Five Guys has signed to take a unit on Uxbridge High Street.   The restaurant will set up in what is currently Baroosh Bar & Restaurant at 162 High Street, a 6,000 sq ft unit over two floors.   Neville Maling, head of property for Five Guys, said: “Uxbridge wa...
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Networking snowballs in Val Thorens

Wednesday, February 19, 2014

The proof is in the second year – PropSki is fast becoming the industry ski event for young professionals and there is no doubt that it has fixed its place on the property calendar.   Some 130 industry experts descended on the snow-capped peaks of Val Thorens in the French Alp...
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Quadrant and KKR shop in Midlands

Friday, February 14, 2014

Quadrant Estates has bought into a major West Midlands retail park in an off-market deal with Gallagher Developments.   Quadrant, with funding from US private equity firm Kohlberg Kravis Roberts, has bought phase one of Gallagher retail park, near junction 9 of the M6, from the Warwick-based ...
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Guernsey’s retail sector is in pretty good shape

Wednesday, February 5, 2014

The culmination of 18 months’ hard work, research, investigation and discussion, A Retail Strategy for Guernsey was published in December. Produced by the Retail Strategy Group, the 73 page document provides 31 strategic proposals for Guernsey’s key retail zones...
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Montagu Evans ranks 4th in West End office agents league

Wednesday, January 29, 2014

Montagu Evans have ranked 4th in the West End office agents league, out of 25 top London agents. The firm also ranked 12th in the top London leasing agents in Estates Gazette's London offices agents league Q4 2013.           Top...
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LaSalle IM buys £9.6m Doncaster Leisure Park

Tuesday, January 28, 2014

LaSalle Investment Management has bought the Doncaster Leisure Park from a fund managed by Helix Property Advisors, for around £9.6m reflecting a blended yield of 6.91%. The transaction involves the purchase of the existing seven screen Vue cinema and funding for an extension to creat...
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Montagu Evans wins Defra brief

Tuesday, January 21, 2014

The Department for Environment, Food and Rural Affairs has confirmed its appointment of Montagu Evans to manage its UK-wide commercial estate. Defra awarded Montagu Evans the three-year contract for estates professional services in one of the largest public sector portfolios to be re-tendered i...
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Plans for City hotel approved

Tuesday, January 14, 2014

A planning application to replace a pair of City office buildings with a new 55-bed hotel on St Swithin’s Lane has been approved by the City of London.   The plans will retain the facades of 15-17 St Swithin’s Lane to create a new 18,610 sq ft hotel arranged over the basement, gro...
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PLANNING SEEK TWO MORE GRADUATES

Monday, January 13, 2014

Montagu Evans LLP is a leading multi-disciplinary property consultancy with a particular expertise in Planning and Development.  We provide commercial planning and development advice to many of the country’s leading developers, financial institutions and landowners. We are looking to...
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Rockspring sells its final St Martin's office portfolio asset for £44.1m

Monday, January 13, 2014

Rockspring Property Investment Managers has sold its Gateway House in Richmond – the last to be sold from the St Martin’s south east office portfolio – for £44.1m.   The 62,000 sq ft office property has been sold to a private client of Cushman & Wakefield by Rocksp...
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Guernsey group tells Co-op to bridge development gap

Friday, January 10, 2014

Review favours homes at Guernsey site after lack of interest from retailers.   The Channel Islands Co-operative Society is accused of blocking development in St Sampson by failing to develop Leale’s Yard at the Bridge, the harbour-side roadway, into a 200,000 sq ft shopping centre. &nb...
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Minister muddies Canada bank’s St Helier choice

Friday, January 10, 2014

Planning refused for two sites on Royal Bank of Canada’s Jersey shortlist.   The Royal Bank of Canada’s two-year search for an 80,000 sq ft office prelet in St Helier will miss its spring decision-making deadline.   On 6 December 2013, Robert Duhamel, Jersey’s ministe...
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Chinese developer goes it alone at One Nine Elms

Thursday, January 9, 2014

Chinese giant Dalian Wanda Group has chosen to go it alone on its five-star luxury hotel at One Nine Elms and develop the £700m scheme itself. The Chinese conglomerate - which spans hotels to cinemas to shopping malls - had shortlisted BNP Paribas Real Estate and CIT as development ...
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Henderson in £61m City buy

Monday, January 6, 2014

Warburg Henderson has completed the £61m purchase of 90 Queen Street, EC4 from Great Portland Estates. The deal reflects a net initial yield of 5.39%.   GPE bought the 68,438 sq ft office building close to the Bank of England for £45.8m.   Henderson Global Investors fund ma...
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Rees recommends City hotel

Monday, January 6, 2014

Plans to demolish a pair of City office buildings to make way for a new 55-bed hotel on St Swithin’s Lane have been recommended for approval.   The plans include demolishing 15-17 St Swithin’s Lane, EC4, and replacing them with an 18,610 sq ft hotel arranged over the basement, gro...
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LandSecs in talks to develop O2 Arena designer outlet

Monday, January 6, 2014

Land Securities is in talks to develop a designer outlet centre at the 02 Arena in Greenwich, London.   The REIT has signed a six-month exclusivity agreement with AEG Europe, owner of the venue, to jointly develop the retail scheme.   Property Week revealed in November 2011 that AEG, w...
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Crosstree calls up Carphone Warehouse Crossrail site

Friday, December 13, 2013

Investor buys mobile phone seller’s headquarters in Acton in anticipation of transport premium   Crosstree Real Estate Partners has invested outside of central London for the first time in an attempt to take advantage of the huge infrastructure investment going into west London.  ...
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AEG take Estate Gazette Leisure Company of the Year Award 2013

Thursday, December 12, 2013

The winners of the ninth annual EG National Awards were announced at London's Hilton on Park Lane. The awards bring together some of the most influential decision-makers in the property community including advisers, developers, planners, investors, owners, occupiers and the public sector. M...
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Johnston Press takes W1 office

Tuesday, December 10, 2013

Newspaper publisher Johnston Press has signed a 10-year lease for a new West End office at 2 Cavendish Square, W1.   The publisher of such titles as the Yorkshire Post will relocate from smaller serviced offices in W1 to take 3,650 sq ft at Hermes Real Estate’s building.   It is ...
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Tinley joins Montagu Evans

Monday, December 2, 2013

Montagu Evans has appointed John Tinley as its new head of shopping centre management in London. Tinley, who has more than 25 years’ experience in shopping centre management, joins from MJ Mapp, where he has spent the past five years as a director and head of shopping centre asset managem...
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Westfield unveils 2m sq ft W12 vision

Monday, December 2, 2013

Westfield has lodged revised outline plans for a 2.3m sq ft mixed-use development on land to the north of its White City shopping centre, W12.   Allies & Morrison-designed proposals submitted to Hammersmith & Fulham council replace existing masterplans for the 22-acre site.   P...
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Development: taking the plunge

Saturday, November 30, 2013

For speculative development, it is not just developers that need to be bold. The funders need to be convinced, too. Joel Hawkins, managing director of Bell Hammer, believes the evidence that institutional funders of big office schemes have become more confident in 2013 is beyond argument.   &...
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Cinemas and leisure operators shop for Glasgow space

Saturday, November 30, 2013

Agents regularly state that the Cineworld multiplex in Glasgow’s Renfrew Street is one, if not the most, profitable for the chain in the UK. It would make sense as Cineworld has the monopoly in the city centre, with only a small independent cinema for competition, but that could change quite d...
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Lettings windfall on Westminster’s Horseferry Road

Friday, November 22, 2013

Freshwater’s Dean Bradley House in Westminster has signed a slew of lettings totalling almost 30,000 sq ft.   Public relations firm Kindred Agency and management consultancy 2020 Delivery have taken space on two refurbished floors at the 55,000 sq ft property on 52 Horseferry Road for &...
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LIM and Roxhill to build SE sheds

Friday, November 22, 2013

LaSalle Investment Management and David Keir’s Roxhill have teamed up to speculatively develop sheds in the supply-starved South East.   The pair will develop 360,000 sq ft of warehouse space across two sites with a total development value of £32m.   Two sheds of 100,000 sq...
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CoStar Awards: Edinburgh's Atria wins deal of the year

Friday, November 22, 2013

The votes have been received and the winners confirmed in the hotly contested CoStar News 2013 deals and dealmakers of the year competition. In the latest in a series of interviews with the winners, we hand out the award for Edinburgh office deal of the year to Ruth MacDonald, project co-ordinator f...
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Montagu Evans sponsor Westminster Property Association Annual lunch 2013

Thursday, November 21, 2013

Montagu Evans sponsored this year's Westminster Property Association Lunch and what a fabulous affair it was! Over 1,000 of London's top property directors coming together including Land Securities, English Heritage, British Land, Wrenbridge, Hermes, Freshwater, UK & European Investments...
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China’s Centrium signs recruiter

Friday, November 15, 2013

Recruitment firm Michael Page has signed for 19,500 sq ft at the Centrium building in Holborn, central London, which was last week sold to China Overseas Holdings in its debut deal. The company is taking an assignment from a lease from SVG Capital, at a passing rent of £54/sq ft until...
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Five Guys Comes To Islington

Monday, November 11, 2013

They are branching out fast, only a few months after opening their Covent Garden much loved American burger restaurant Five Guys have opened their third UK location in Angel, Islington, opposite Islington Green. The new Five Guys opened on the 11th November and is ...
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Monty's Ticklers raising money this Movember

Friday, November 1, 2013

Montagu Evans Capital Markets team namely "Monty's Ticklers" are raising money this "Movember". Please support our team and our passion with a donation. You can donate to the team and this worthwhile cause online at   http://moteam.co/monty-s-ticklers ABOUT MOVEM...
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Occupiers switch market in half of London deals

Friday, November 1, 2013

More than half of London occupiers have relocated to a new submarket in the capital this year, it emerged this week.   Cushman & Wakefield analysed 154 transactions covering 6m sq ft of space in the year-to-date and found that 52% of occupiers (excluding new firms) had moved some or all o...
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PUMA confirms Sea Containers move

Wednesday, October 30, 2013

Sports lifestyle brand PUMA has completed a deal to leave Soho, W1, for a new London headquarters at Sea Containers House, SE1, on the South Bank.   It has agreed to take 23,500 sq ft at the 65,000 sq ft South Building at Sea Containers House , as tipped by Estates Gazette in June .   ...
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Tenants buy West End offices

Friday, October 25, 2013

Two West End tenants have bought central London office blocks for their own occupation to avoid future rental hikes.   Geneva-based investment company Unigestion has paid Tesco Pension Fund around £15.5m for period office block 4 Stratford Place, W1.   Unigestion, advised by Gera...
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Moorfield Group's multi-million pound acquisition of Quartermile

Friday, October 25, 2013

The Edinburgh office of Montagu Evans acted for the Moorfield Group in its multi-million pound acquisition of Quartermile. Quartermile is the award winning mixed use redevelopment of the 19-acre site of the former Royal Infirmary in the heart of Edinburgh. Masterplanned by the world renowned arch...
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Montagu Evans ranks 18 in Estates Gazette's Top Agents Survey 2013

Friday, October 25, 2013

Estates Gazette's Top Agents Survey 2013 ranked Montagu Evans at 18 for the second year running. Based on total turnover the Firm increased from last year by £1.8 million taking the total to £27.8 million.  Based on turnover per fee earner, the Firm moved up one rank to 17.&n...
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Industry bakes and cycles its way to £60,000 for LandAid

Friday, October 18, 2013

Ludgate is usually so inundated with charity stories she is unable to cover them.   This week, however, she will make an exception to cover highlights from the property world’s Mission:Possible endeavours for industry charity LandAid’s annual LandAid Day, held on 11 October. &nbs...
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HMRC to restrict renovation cash

Friday, October 4, 2013

Regeneration schemes could be stifled by government plans to limit an empty property renovation allowance, according to the British Property Federation. HMRC has proposed a tightening of the business premises renovation allowance, which provides up to €20m (£16.8m) in tax relief for ...
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M&G buys three student blocks

Friday, October 4, 2013

M&G Investments has bought three Bournemouth student housing blocks, comprising 704 beds, for £38.1m. The price paid to Spectrum Housing Group for Lyme Regis House, Chesil House and Okeford House reflects a circa 5% yield. The assets are let to Campus Living Villages on a full re...
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Labour's rates soundbite slammed

Saturday, September 28, 2013

Property experts have blasted Labour’s proposed £800m cut in business rates as “inconsequential” and a “sticking plaster rather than a cure”. At its annual conference this week, Labour said if it won the 2015 general election it would freeze business rates fo...
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Wainbridge lets at 120 Holborn

Friday, September 27, 2013

Wainbridge has agreed a deal with British Telecom for the surrender of its lease at 120 Holborn, EC1.   The telecoms firm will exit its 150,000 sq ft at Wainbridge’s property, allowing the investment company to undergo a refurbishment of the space to bring it in line with current midtow...
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Heron hits Bright spot

Friday, September 27, 2013

The e-commerce holding company of tech entrepreneur Dan Wagner is set to lease the highest office floors in the Heron Tower, EC2, so far at a rent of £70 per sq ft.   Bright Station is under offer for floors 34 and 35 of the 46-storey skyscraper and is expected to pay the highest rent a...
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Aviva lures string of tenants at Strand

Friday, September 27, 2013

Aviva Investors has signed a slew of tenants at 55 Strand in Midtown, leaving only the second and third floors, totalling 6,000 sq ft in the 25,000 sq ft art deco building. Private equity firm 8 Miles, which is backed by Bob Geldof, has taken the 3,100 sq ft fifth floor, and oil and gas com...
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Hermes and Bell Hammer speculatively redevelop Reading office

Thursday, September 26, 2013

Hermes Real Estate Investment Management Limited and Bell Hammer have completed the speculative redevelopment of Abbey Gardens South in Reading. Abbey Gardens South is based in Reading’s central business district and offers 77,250 sq ft of office space, which it said was suitable both...
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Rockspring sells Richmond building

Wednesday, September 25, 2013

Rockspring Property Investment Managers has sold Oriel House at The Quadrant in Richmond to an institutional client of Aviva Investors for £9m, reflecting a net initial yield of 6.85%. Oriel House, which offers 24,000 sq ft of office and retail space, is one of five buildings that mad...
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Microsoft picks Xbox One West End HQ

Friday, September 20, 2013

Microsoft has signed a lease for a West End headquarters for its new Xbox One division. The software giant has taken 31,000 sq ft at UK House, 2-5 Great Titchfield Street, W1, on the second and part of the third floor. A deal of around £65 per sq ft has been agreed for the space, whi...
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From slammer to splendour - Bow Street Magistrates Court revamp approved

Wednesday, September 18, 2013

Work can finally commence to convert Grade II listed Bow Street Magistrates Court into a boutique hotel after last night’s decision by Westminster City Council to grant planning permission for the £20m redevelopment of the London landmark over the next 20 months. Designs by Chinese ...
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Five Guys continue with their UK expansion

Tuesday, September 10, 2013

Following the highly successful opening of their first UK restaurant at 1 -3 Long Acre, Covent Garden, which has seen continued queuing of up to 2 hours, Five Guys are now trading within The Oracle, Reading.    The 3,500 sq ft restaurant is their second opening in the UK...
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Plymouth Argyle wins higher ground

Friday, August 30, 2013

Higher Home Park, Akkeron Group’s £50m 492,216 sq ft retail and leisure scheme surround in Plymouth Argyle Football Club, has been granted planning consent by Plymouth City Council.   The scheme proposed by entrepreneur James Brent is in the “Britain’s Ocea...
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Blackburn Strides On

Wednesday, August 28, 2013

Schuh have opened their first stand alone store in Blackburn at 26 Springhill.  The new unit opened last Friday alongside existing tenants Top Shop, River Island, New Look and USC.    Debenhams have also recently completed a major extension and refurbishment of their existing Blackb...
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PROPERTY & FACILITIES MANAGEMENT: FORWARD THINKING SOLUTIONS FROM MONTAGU EVANS

Friday, August 23, 2013

Building Design & Construction magazine interviewed Gregory McGonigal, Head of Management at Montagu Evans. Please click on read more below then click here to read the full article in the publication....
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Iconic London Admiralty Arch to be turned into a luxury hotel

Friday, August 23, 2013

Plans to renovate and one if London’s the iconic buildings, the Grade I listed Admiralty Arch,  has been granted by Westminster City Council’s planning committee. Originally designed in 1911 as a ceremonial passage from Trafalgar Square towards Buckingham Palace it will be develope...
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HUT signs schuh for Glasgow Fort first

Thursday, August 8, 2013

Hercules Unit Trust (HUT), the specialist retail park fund advised by British Land and managed by Schroders, has signed schuh for its first shopping park store, at Glasgow Fort.  schuh has agreed a 10 year lease on a 6,500 sq ft store previously let to Republic.   The Glasgow Fort store ...
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Lunson Mitchenall/Montagu Evans picked for Walbrook retail

Monday, August 5, 2013

The Delancey and AREA Propety Partners-owned Minerva has appointed Lunson Mitchenall and Montagu Evans to lease the retail at the filling up The Walbrook Building in the City. The ground and lower ground floors at the landmark office provide a relatively rare opportunity in the City to sign for...
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Business rates experts slam Government's postponement of revaluation

Thursday, August 1, 2013

Top business rates experts have criticised the Government for pressing ahead with delaying the rates revaluation in a meeting organised as part of the Grimsey Review into the high street.   Five business rates specialists - including head of rating at Colliers John Webber and head of rating a...
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GPE profits from City sale

Wednesday, July 31, 2013

Great Portland Estates has exchanged contracts to sell 90 Queen Street, EC4, to Warburg-Henderson for £61m, reflecting a net initial yield of 5.39%.   The deal comes four years after GPE bought the 68,438 sq ft office building close to the Bank of England for £45.8m.   Foll...
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Wandsworth revamp brewing

Friday, July 26, 2013

Minerva’s plans to redevelop the Ram Brewery in south-west London’s Wandsworth Town and create a 36-storey residential tower were approved by Wandsworth Council this week. In addition to the residential tower, more than 114,990 sq ft of commercial space will be developed, includ...
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PWC takes 32,000 sq ft in Edinburgh

Thursday, July 25, 2013

Accountancy giant PWC has signed for a new 32,000 sq ft office in Edinburgh. It has taken the fourth floor of the City of Edinburgh Council’s speculatively developed Atria One on a 20-year lease. Rents in the building are around £31/sq ft. The 186,519 sq ft building is now ...
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Hermes completes £18m Dartford sale

Monday, July 22, 2013

Hermes Real Estate Investment Management has completed the sale of Newton’s Court in Dartford to UK Commercial Property Trust, managed by Ignis Real Estate, for £18m. The sale of the industrial estate, located at Crossways Business Park, the largest mixed use business park on the M2...
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English Heritage lays ground for revamp

Friday, July 12, 2013

Future of listed sites uncertain as charity spins off management arm.   The future of listed buildings is uncertain, following news that English Heritage is to be split in two and one half spun off into a charity.   Experts warn it could be the first step towards abolishing the part of...
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Minerva plans Croydon outlet

Friday, July 12, 2013

A local retail outlet village will open at the former Allders department store in Croydon.   Property Week revealed on Wednesday that Minerva has signed a five-year deal with Croydon Village Outlet to take the entire 530,000 sq ft store, on the corner of North End and George Street, which lin...
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Appointment to the HS2 Land and Property Professional Services Framework

Monday, July 8, 2013

"Montagu Evans has been appointed to the HS2 Land and Property Professional Services Framework.    The three year Framework, which can be extended, is to provide compulsory purchase, land assembly, valuation, estates and letting services to HS2 in respect of property along the HS...
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Outlet stores: What do retailers need to know?

Friday, July 5, 2013

Nike is poised to open a number of outlet stores and other premium brands are getting in on the act.   Why are we talking about this now?   Sportswear giant Nike plans a raft of outlet store openings over the next few years. Nike’s expansion comes as London is poised for its firs...
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Tower scheme approved for Shakespeare site

Thursday, July 4, 2013

Plough Yard Developments has won planning permission for a tower on the site of London’s second-oldest Shakespearean theatre. The Pringle Brandon Perkins+Will scheme, called The Stage in Shoreditch, EC2, comprises a 40-storey, 385-flat tower that includes a gym and private cinema. Th...
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HS2 appoints 18 agents to frameworks

Wednesday, July 3, 2013

HS2 has appointed a total of 18 property agents across four frameworks for its £42.6bn High Speed 2 rail route. The framework appointments, listed below, are on a three-year basis covering valuation, estate services, property management and commercial development advice. In March thi...
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Poundstretcher eyes Staples stores

Saturday, June 29, 2013

Acquisitive budget retailer Poundstretcher is in talks to take a tranche of stores from office supply firm Staples.   Staples is paying less than £12m to exit 11 stores in towns including Grimsby, Cardiff, Halifax and Sunderland as part of a wider portfolio consolidation and cost-savi...
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Top Agents Survey shows Montagu Evans moving up the ranks

Friday, June 21, 2013

Montagu Evans LLP have shown continued, steady improvement and growth moving up the ranks of Property Week's Agency Survey 2013. Previously placed at  number 19, this year Montagu Evans LLP have risen to number 18 in a list of 56 agents across the UK. The Firm ranked above other established...
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L&G enlightened in Leeds

Thursday, June 20, 2013

Legal & General Property has confirmed its purchase of The Light in Leeds for £91m - a 7.2% initial yield.   It is understood to have bought the 221,300 sq ft scheme for £91m - a 7.2% initial yield – in a 50:50 joint venture between its Leisure Fund and Managed Property ...
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SWIP gets consent for Marylebone residential & retail

Friday, June 14, 2013

Scottish Widows Investment Partnership has secured planning consent for its Dixon Jones-designed redevelopment scheme at the former BBC London building at 35 Marylebone High Street.   The mixed-use scheme (above) comprises 94,000 sq ft of residential and retail floorspace over nine levels &md...
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Indian investor buys 73 Brook Street

Wednesday, June 12, 2013

Office building 73 Brook Street, W1, has been sold to a private Indian buyer for £19m.   The 14,500 sq ft property has been bought as a refurbishment or redevelopment opportunity. Vacant possession is achievable in June 2014.   Montagu Evans acted for vendor Threadneedle Property...
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Pilgrims progress with new plans for Home Park

Wednesday, June 12, 2013

Akkeron Regeneration has submitted plans for the £50m redevelopment of Plymouth Argyle’s football ground, Home Park.   There will be a new grandstand, a 10-screen Imax Odeon cinema, an ice arena and enhancements to Central Park landscaping.   Odeon has preleased a 40,000 sq...
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Montagu Evans moves to offer clients market leading residential solutions

Wednesday, June 5, 2013

Montagu Evans today announced three senior appointments to build and grow their residential team with the employment of Russell Taylor, Graham Priddle and Thomas Mudd. The Firm now have 27 professionals currently working in the residential market bringing a combination of expertise in planning ...
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Montagu Evans sponsors Molior's Thirsty Thursday at Hippodrome Casino

Friday, May 31, 2013

Montagu Evans sponsored Molior’s Thirsty Thursday and hosted an evening of networking and fun at London’s opulent Hippodrome Casino. The evening was well attended with over 200 guests joining the event and was enjoyed by all the agents and residential clients who took the opportunity to ...
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Valuation Tribunal president to overhaul rating appeals

Friday, May 31, 2013

  Radical measures have been drawn up to clear a backlog of business rates appeals that have brought the system to a “shuddering halt”.   Last Thursday, Graham Zellick QC, president of the Valuation Tribunal (VT) — the body to which unresolved rates disputes are referr...
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Montagu Evans announces raft of recruits and promotions to Partner

Wednesday, May 22, 2013

Montagu Evans has announced a series of promotions to Partner within the firm as well as a flurry of other promotions and new recruits.   Promotions to partner are: Ralph Dorey in the London Agency team, Craig McPhail, who focuses on alternative investments, and Andrew Veitch, who specialises...
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Watering Down Value

Saturday, May 18, 2013

After the wettest year on record in England and Wales, Jonathan Manley of Montagu Evans and Sue Highmore of Practical Law Company consider the impact of increased flood risk on commercial property values. Read the Estates Gazette article here   Publication: Estates Gazette ...
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PRUPIM buys Bournemouth site

Friday, May 17, 2013

PRUPIM has bought a 378-bed student accommodation development in Dorset. It bought the former car park on Madeira Road from Bournemouth borough council for £22.6m. A deal has been agreed to let the site to the council for 26.5 years. On completion in ­September 2014, the council will l...
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Barking green belt scheme approved

Monday, May 13, 2013

A major green belt housing scheme has been approved by the London Borough of Barking and Dagenham. Ecogrove Homes has won approval to build 89 low-carbon homes on the green belt site, all of which are for private sale. Each of the homes, of which 88 will offer five bedrooms, will be built ...
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Rockspring sells Kingston office block

Tuesday, May 7, 2013

Rockspring Property Investment Managers has sold Kings and Conquest House in Kingston-Upon-Thames to Aberdeen Asset Management for £31.1m. The price for reflects a net initial yield of 6.85%.   Kings and Conquest House is the largest of five buildings which made up the 252,000 sq ft St ...
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New crews driving Jaguar

Friday, May 3, 2013

Jaguar Land Rover has completed a shake-up of its global property consultants, hiring five firms to a new adviser panel.   Property Week can reveal that Colliers International, Jones Lang LaSalle, Gerald Eve, Montagu Evans and Cushman & Wakefield have won the pitch to advise the Indian-ow...
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NHS properties – reductions a welcome panacea

Friday, May 3, 2013

The Practice Note for Hospitals in England and Wales that establishes the basis of valuation has now been agreed with the Valuation Office Agency. The national negotiating committee led by Montagu Evans partner, Simon Harris, has agreed almost universal reductions for all hospitals. Appeals that ...
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Quantcast makes Ariel House move

Friday, May 3, 2013

Digital advertising company Quantcast has signed a 10-year lease for offices at 74 Charlotte Street, W1. The firm has taken a 4,500 sq ft floor at Canada Life's Ariel House, paying £52.50 per sq ft. It is relocating from slightly smaller offices at 48 Charlotte Street. Montagu E...
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Chelmer Village scores lettings hat trick

Thursday, April 25, 2013

A partnership between Aviva and Scottish Widows Investment Partnership has signed up three new tenants for its Chelmer Village retail park in Chelmsford, Essex.   The duo said Next will open a flagship store at the 26,500 sq ft former Currys unit, which will be refurbished to include a mezzan...
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Milton buys Ignis Griffin portfolio

Thursday, April 18, 2013

The Milton Group has bought the industrial-led Griffin portfolio from clients of Ignis Asset Management. The investment company paid £11.1m for the 200,000 sq ft of assets located across the South East, reflecting an 8.3% yield. The portfolio comprises four multi-let warehouses and a foo...
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Wealth leads to health on London's High Streets

Saturday, April 13, 2013

You do not have to travel far from London's bustling West End to find some of the most recession-hit high streets in the country. All across Greater London, shop vacancies are rife, with charity shops, payday loan outlets and cheap takeaways filling the gaps. The number of pawnbrokers in Gr...
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Montagu Evans appoints Planning Partner

Wednesday, April 10, 2013

Montagu Evans has appointed Edward Kitchen as a partner in the planning and development team. Kitchen joins from CgMs where he was a heritage director. Before moving into private practice, he was English Heritage’s Senior Historic Buildings Adviser for Westminster and West London. At...
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Threadneedle buys Rockspring W1 asset

Tuesday, April 9, 2013

Threadneedle has bought the leashold interest in grade-II listed 105 Piccadilly, W1. The investor has agreed a £7.4m price – a 14.5% yield – for the headlease purchase of the 34,031 sq ft office building from Rockspring Property Investment Managers. Rockspring appointed Kingl...
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Appointment to the Estates Professional Services Framework

Friday, April 5, 2013

Montagu Evans has stressed the importance of the new four-year, £120m estates professional services framework, which went live this week. Estates Gazette revealed in January that four incumbents on the panel were to be replaced by six new advisers - Montagu Evans, Carter Jonas, Hartnell T...
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A shot in the arm for Euston Road

Thursday, April 4, 2013

307 Euston Road in London has been fully let to The Doctors Laboratory. The Doctors Laboratory, which provides accredited pathology services, has taken a five-year lease on the entire 16,643 sq ft office building at a price of £42.50/sq ft. The landlord for the building is Bann...
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Five Guys to open in UK

Thursday, April 4, 2013

Five Guys, the US burger chain popular with president Barack Obama, is to open its first UK restaurant at 1-3 Long Acre, WC2.   The popular fast food firm has taken assignment of Novus Leisure's lease on circa 10,000 sq ft at AXA Real Estate's mixed-use property in the West End. The 2...
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Office schemes set for Basingstoke

Saturday, March 30, 2013

You wait 20 years for a Basingstoke office development, then two come at once. Last month, Network Rail began serious preparatory work on its 146,000 sq ft control centre on an 8-acre town centre site. It will be the largest office development the town has seen for decades. Now, senior fig...
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Revaluation Postponement – duplicity exposed

Saturday, March 30, 2013

The coalition government has quite a track record when it comes to U turns but sadly it doesn’t seem that one is in prospect in relation to the next revaluation. That said, some of the devolved governments seem to have grasped the situation as an opportunity to go their own way, not least Nort...
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Empty Rates – a nettle not grasped

Saturday, March 30, 2013

After the debacle of the revaluation postponement, the Treasury showed a modicum less self interest when it agreed as part of the Chancellor’s Autumn Statement to grant a concession in connection with empty property rates. Following vigorous lobbying by amongst others, the BPF, RICS and the...
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Scottish Empty Rates – it’s different over the border

Saturday, March 30, 2013

Scottish Empty Rates – it’s different over the border  Some five years after Gordon Brown’s £980m empty rate tax grab in England, the Scottish Government has finally succumbed to fiscal reality and reformed the empty regime north of the border. From the 1st April t...
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No pain no gain for our Monty's men running the London Marathon

Wednesday, March 20, 2013

Montagu Evans runners Jonathan Lacey and Richard Thomas have decided to run the London Marathon this year and experience that pain for the gain of two amazing charities; Heads-Up (head and neck cancer research), and World Child Cancer respectively. They have both smashed through the 17 mile mark ...
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Students pay a premium

Saturday, March 9, 2013

Weekly rents in the capital have been the best in the country, with studio rents hitting £278, and en-suite rooms costing on average £192 a week. However, there are some more high-end prices being achieved. Nick Riley, board director at Lewis and Hickey Architects, says: “...
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The Flood Risk Debate: Are You Prepared for the Consequences?

Thursday, February 21, 2013

The risk of flooding is increasing, with over 300,000 business premises and 5 million homes currently at risk of flooding.  The deal agreed between the government and the insurance industry, which makes flood cover obligatory, expires in June 2013 and appears unlikely be renewed. ...
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LGP completes UKPIF with FIX Portfolio acquisition paving the way for 2nd fund launch

Wednesday, February 13, 2013

Legal & General Property (“LGP” / the “Company”) announces, on behalf of its UK Property Income Fund (the “Fund” / “UKPIF”), that it has acquired the FIX Portfolio from a consortium of investors represented by Paradigm Real Estate Managers.  T...
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PRUPIM confirms Waverleygate buy for £46m

Friday, February 8, 2013

PRUPIM, the real estate investment management arm of M&G Investments, has confirmed its acquisition of Waverleygate in Edinburgh from Highcross for £46m, reflecting a net yield of 7.3%.   The property was acquired on behalf of the M&G Property Portfolio, managed by Fiona Rowley ...
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Basingstoke goes to extremes for leisure

Friday, February 1, 2013

Council plans £100m site revamp for sports facilities, retail and restaurants A 45 acre site on the fringe of Basingstoke is poised for a £100m redevelopment to convert it into one of the biggest regional leisure destinations in the south-east. Basingstoke and Deane Borough...
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Montagu Evans wins £1 billion valuation with West Sussex County Council

Thursday, January 31, 2013

Montagu Evans is delighted to have been awarded a 5 year contract to undertake property valuations, building insurance valuations and rating advice for West Sussex County Council. The instruction covers all of its property assets across the county extending to around 875 properties including schools...
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West Sussex County Council 5 year contract

Thursday, January 31, 2013

Montagu Evans is delighted to have been awarded a 5 year contract to undertake property valuations, building insurance valuations and rating advice for West Sussex County Council. The instruction covers all of its property assets across the county extending to around 875 properties including schools...
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Five Guys finds London locations

Monday, December 10, 2012

US burger seller Five Guys is preparing to enter the UK market and has obtained its first three sites in London. Property Week revealed in November 2011 the chain’s plans to enter the UK. Owner the Murrell family set up a joint venture last month with Carphone Warehouse founder Char...
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Montagu Evans Movember it with style and panache!

Tuesday, December 4, 2012

“Life is like a moustache. It can be wonderful or it can be terrible. But no matter what, it always tickles”… and boy did those moustaches tickle our Mo Bros here at Montagu Evans!    During November each year, Movember is responsible for the sprouting of moustaches on...
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David Reid now Director of the City Property Association LLP

Saturday, December 1, 2012

Planning partner David Reid is now a Director of  the City Property Association LLP following its recent incorporation. David who serves on the General Council of The CPA, which represents the interests of over 170 members in the City of London. In recent times the CPA has been active...
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Has Mayfair priced-out occupiers?

Saturday, November 24, 2012

The price of property is ranked below having good coffee, one West End agent was told pre-recession when advising a top UK hedge fund on an office move. Fund managers have notoriously been prepared to pay top rents for properties in Mayfair and St James's, however some reports this year claim...
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Minerva brewery scheme back on tap

Friday, November 16, 2012

Minerva's six-year campaign to redevelop the former Ram Brewery in Wandsworth, SW18, is back up and running. Plans were lodged with Wandsworth council this week for a scaled-back scheme. Minerva's previous proposal for a £1bn redevelopment was rejected by communities secretary Er...
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Press Release: Andrew Goodbody

Monday, October 15, 2012

Andrew Goodbody Brings over 20 Years of property finance related experience to Montagu Evans. London, 19 September 2012 – Andrew Goodbody has joined the Professional Services team at Montagu Evans, bringing over 20 years of banking experience and an extensive contact base within the proper...
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Four-point plan for empty rates

Tuesday, October 2, 2012

Treasury officials are considering a three-year exemption of empty rates on new-build ­commercial developments.   It is one of four recommendations that make up proposals put to the Treasury last week by a group of MPs, EG can reveal.   The empty rates working group, led by York Ou...
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Friargate looks to herd buyers from W1 resi opportunity

Friday, September 28, 2012

Friargate Coventry has put a residential development site on Shepherd Street, W1, up for sale. It is seeking £15m. The land, which is currently occupied by two commercial buildings and a residential block, has consent for a courtyard development of four houses. Four garages on a 225-year le...
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Middle Easterns in £250m South Bank Financing Deal

Tuesday, September 25, 2012

London developer CIT has secured £250m of development funding from a club of Middle Eastern institutions for its overhaul of King’s Reach Tower on London’s South Bank. CIT, which is working in a joint venture with Jadwa Investment, has won the financing agreement from a consorti...
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Waverleygate on market for £50m

Thursday, September 20, 2012

Highcross has instructed Montagu Evans to sell Waverleygate, a listed multi-let office building in Edinburgh city centre. The agents have been instructed to seek offers in the region of £50m, reflecting a net initial yield of 6.41% assuming purchaser’s costs of 5.8%. The building, ...
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Office steps out of town in Glasgow

Friday, September 14, 2012

Shoe seller Office is to open its first out-of-town store, at Glasgow Fort Shopping Park. It has exchanged on a 2,700 sq ft store at British Land’s park, in part of the former Barratts unit. Its 10-year lease is believed to have no breaks. If successful, Office, which trades from 81 high str...
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Press Release: Graham Copeland

Tuesday, September 4, 2012

Graham Copeland Brings over 20 Years of property-related finance and business planning to Montagu Evans.   London, 25 September 2012 – Graham Copeland has joined Montagu Evans in the Professional Services team, bringing over 20 years of property-related strategic consultancy skil...
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Byford London's Record Return

Friday, August 31, 2012

British menswear retailer Byford London has returned to the UK by taking a flagship store on London’s New Bond Street, ahead of a wider expansion — and setting a new rent record for the northern end of the street. Byford London is paying £420 zone A on a new 15-year lease at 77 ...
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Wendover Mulling Vauxhall Cross Sale

Friday, August 31, 2012

Wendover Investment is considering the sale of its £400m Vauxhall Cross Island site. A spokesperson for Wendover said a sale of the site was one of three options being considered. It was also contemplating looking for a co-developer or developing the site with a delivery partner. The sit...
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'Sensible Battersea' Project Lined Up

Friday, August 31, 2012

A cluster of skyscraper projects in the Nine Elms opportunity area are being lined up for sale, presenting the "sensible developer's Battersea Power Station". Wendover Investment is considering a sale of its Vauxhall Cross Island site, SW8, following the granting of consent for the ...
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PRESS RELEASE JONATHAN MANLEY BRINGS OVER 20 YEARS OF INDUSTRY EXPERIENCE TO MONTAGU EVANS.

Thursday, August 30, 2012

Jonathan Manley has joined Montagu Evans as a partner in the Professional Services team, bringing over 20 years of industry experience to the firm. Jonathan has an experienced commercial background and was previously a partner at King Sturge and a director at Jones Lang LaSalle. During his successfu...
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PICKLES APPROVES VAUXHALL TOWERS

Tuesday, August 21, 2012

Eric Pickles has given the green light to a 720,000 sq ft pair of towers next to Vauxhall tube station, SW8, ending a two-year planning battle. The communities secretary approved plans for Vauxhall Cross after Lambeth council rejected the scheme. Wendover Investments, advised by Montagu Evans has ...
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PRESS RELEASE : WENDOVER INVESTMENTS LTD AND PROJECT MANAGER, MONTAGU EVANS, GET THE GO AHEAD FOR SCHEME TO REGENERATE VAUXHALL

Tuesday, August 21, 2012

Planning consent has been granted by the Secretary of State for Vauxhall Cross, a major mixed-use scheme in the heart of Vauxhall. Adrian Owen, partner and head of residential at Montagu Evans, said: “Montagu Evans, on behalf of land owner Wendover Investments Ltd,  has managed the p...
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PRESS RELEASE "SRATA" STAINES

Wednesday, August 15, 2012

Montagu Evans have been instructed as joint letting agent by Lasalle Investment management and Bell Hammer Developments on their stunning new scheme in Staines. "Srata" will provide 89,000 sq.ft over three floors with excellent on side car parking and extensive terracing and grounds. Wi...
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PRESS RELEASE: BEST DEAL OUTSIDE OF CENTRAL LONDON 2011

Wednesday, August 15, 2012

At the recent Office Agents Society awards Montagu Evans' South East Office agency team and their client Rockspring Investments won the award for "The Best Deal Outside of Central London 2011". The deal that took home the prize was the acquisition and pre-letting of Kings Place & C...
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B&M Home signs Paisley pre-let

Tuesday, June 19, 2012

B&M Home has signed a pre-let to anchor a new retail park development in Paisley, near Glasgow. The discount retailer has agreed to open a 25,000 sq ft store at the £8m Paisley Retail Park, which is being developed by Alaska Development Management, on behalf of its Luxembourg client. ...
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PROMOTIONS

Saturday, June 16, 2012

Steve Thomas Managing Partner is pleased to announce the following promotions. To Equity Partner - Ian Clark (Rating) Chris Miele (Planning)   To Participating Partner - Will Edmonds (Planning) Jo Fone (Professional Services) Adrian Owen (Residential) &n...
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Andrew Goodbody

Saturday, June 16, 2012

Andrew Goodbody, the former head of DG Hyp's London office, has started a new role at agent Montagu Evans. Goodbody, who left DG Hyp last year after it closed its London office, is working as a debt advisory consultant with the property services firm's clients. By Bridget O'...
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It's a royal knockout

Friday, June 15, 2012

From solemn civic duties to beacon lighting with Keith Chegwin, it has been a non-stop four weeks for John Izett, partner at Montagu Evans. Not only has he been crowned the new cabinet member for property at Basingstoke District Council following May’s local elections, but last Monday he was ...
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SURREY SHOPPERS BAG DEVELOPMENT DOUBLE

Friday, June 15, 2012

Two Surrey shopping centres, in Camberley and Guildford, are set for expansions worth hundreds of millions of pounds, as retail demand in the south-east continues to defy the slump. In Camberley, the Mall Fund and Surrey Heath Borough Council are understood to be working up plans for an extensi...
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Meanwhile Leases - IRRV Magazine article by Mark Higgin and Stephen Law

Friday, June 15, 2012

Barely a week goes by without a reference in the national press to our failing town centres. Record number of vacancies resulting in part from the closure of chains that have been household names for decades, are set to increase dramatically as 25 year leases signed in the boom years of the lat...
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Law firm signs for 100,000 sq ft in SE1

Wednesday, June 13, 2012

A legal intelligence company has signed a pre-let for nearly 100,000 sq ft in Blackfriars. Practical Law has agreed to take 92,500 sq ft at UBS’s Friars House on Blackfriars Road. The building, which is owned by UBS Central London Office Value Added Fund, is to be refurbished and works are d...
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ROYAL MAIL MAKES PROPERTY PLANS

Monday, May 14, 2012

Royal Mail’s plans to develop more than half its Mount Pleasant mail centre are well advanced. A £32m modernisation of the central London mail centre has prompted Royal Mail to decide that more than half of the 12-acre site is surplus to requirements. It has plans to redevelop six-a...
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Debenhams takes 60,000 sq ft in Edinburgh

Tuesday, May 8, 2012

Department store chain Debenhams has agreed to prelet 60,000 sq ft at Fort Kinnaird in Edinburgh. The retailer is taking the space at part of Hercules Unit Trust's and The Crown Estate's £30m extension of the 700,000 sq ft shopping and leisure park. The deal with Debenha...
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Heron Tower hits new rental high

Friday, May 4, 2012

Gerald Ronson's Heron International has secured its highest rent yet at the Heron Tower, EC2. The 715ft tower was this week close to securing investment manager Avoca Capital as a new tenant at a rent of around £70 per sq ft. Avoca will take 6,000 sq ft on the 25th floor. Ar...
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Debenhams signs for two Scottish stores

Friday, May 4, 2012

Debenhams has signed for two Scottish stores in Dumfries and Edinburgh as it continues its UK expansion. The department store retailer has signed to occupy the former TJ Hughes store at 177/189 High Street in Dumfries, which is owned by a client of OLIM Property. Debenhams has taken the 46...
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A vintage year: Property Awards 2012

Friday, May 4, 2012

Property Awards 2012: the judges … Specialist panel: Regeneration Award, Young Property Personality, Property Newcomer, Global Real Estate Achievement Patrick McMahon, Bidwells Neil Mackilligin, Allsop Simon Pritchard, Gerald Eve Chris Haworth, Carter Jonas Brian Sloggett, GL Hearn ...
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Odgers targets Cannon Street

Thursday, May 3, 2012

Executive headhunter Odgers Berndtson agreed to take the 40,000 sq ft 20 Cannon Street, EC4, for its new HQ. The firm has agreed to pay landlords Allied London and Aerium around £50 per sq ft for the building. Odgers Berndston chief executive Richard Boggis-Rolfe said:  &ld...
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Asbury to head Montagu Evans London retail

Tuesday, April 10, 2012

Montagu Evans has appointed partner Rob Asbury as head of London retail. Asbury will lead both in and out-of-town retail divisions. Simon Waugh, formerly head of high street agency in London will be responsible for expanding the firm's growing retail development business. Martin G...
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Smithfield prime cut for Valad

Saturday, March 31, 2012

UK & European Investments has exchanged contracts to buy The Smithfield Building in Farringdon for around £7.5m. UK & European has bought the property at 12 Cock Lane, EC1, from Valad for a price reflecting a net initial yield of 7%. The 24,000 sq ft office block is let to ei...
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35-STOREY RESIDENTIAL SCHEME OVERLOOKING OLYMPIC PARK GRANTED PLANNING PERMISSION

Wednesday, March 28, 2012

The Olympic Delivery Authority has today (28 March 2012) granted planning permission for the redevelopment of a significant site, at the front door of the Olympic Park.  The ODA has formally issued their permission for the residential-led scheme, comprising 2 towers (35 & 15 storeys), linke...
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UK & European buys Farringdon office

Tuesday, March 27, 2012

UK & European Investments has exchanged contracts to buy The Smithfield Building in London’s Farringdon for around £7.5m. The property, at 12 Cock Lane, comprises 24,000 sq ft of offices let to eight tenants. UK & European has bought the property, which provides an annu...
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O2 arena owner takes SW1 space

Monday, March 26, 2012

Grosvenor Fund Management has confirmed a subsidiary of O2 arena owner AEG has taken space at Almack House, SW1, as revealed by Egi last month. Anshutz Sports Holdings had taken the ground and lower ground floor totalling 18,700 sq ft at 28 King Street from Grosvenor London Office fund, on...
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Carpetright to return to N17

Friday, March 23, 2012

Plans to redevelop the Carpetright store in Tottenham which was destroyed in riots last summer, have been submitted to Haringey council. Threadneedle Pensions, owner of 638 High Road, Tottenham, N17, has lodged plans to rebuild the property in its original 1930s art deco style. The propert...
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Moneysupermarket to double in Noho

Thursday, March 22, 2012

Moneysupermarket.com is looking to double the size of its London office by the end of 2012. The Chester-based price comparison website has appointed Montagu Evans to find it up to 15,000 sq ft in Noho. It currently occupies around 6,500 sq ft across three floors at Great Portland Estates&#...
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Edinburgh Council's spec office development

Thursday, March 22, 2012

Edinburgh city council has allowed EG’s camera’s behind the scenes at the construction site of it’s 200,000 sq ft speculative office development which completes in a year. The Atria development site's agents, Montagu Evans and Jones Lang LaSalle, have already sec...
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Montagu Evans doubles City presence

Tuesday, March 13, 2012

Montagu Evans has expanded its City team as the partnership prepares to move to new offices. The existing City office, which is headed by Martin Wallace, has been boosted by the arrival of a new partner and the move of two equity partners across from the West End office. The firm has hired...
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Channel Islands Property Fund makes third buy

Tuesday, March 13, 2012

The Channel Islands Property Fund (CIPF), the only fund focused on the Channel Islands commercial property market, has made its third purchase. The fund has bought 11-15 Seaton Place, a 23,746 sq ft office building in St Helier. It has paid £8.9m for the property, reflecting a net initial...
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Racing to the top of Heron Tower

Saturday, March 10, 2012

Tower climb 300 industry runners test their fitness by racing to the top of 230m Heron Tower More than 300 runners took part in the CBRE Property Peak Challenge, racing up the Heron Tower's 888 stairs to raise money for charity. Teams from across property, including British Land, CBRE,...
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Montagu Evans doubles up in The City and grows Central London

Tuesday, February 28, 2012

It’s all change at the City office of Montagu Evans as the Partners