Hitachi train factory can attract more investment to region

FEARS that plans to build a new highspeed train manufacturing plant in County Durham could be derailed were "completely unfounded", according to the property developer leading the scheme...

Forecast for 2012

JK has had a successful year in a difficult market. The forecast for next year is challenging but there are ways to improve property assets and reduce waste. The forecast for next year...

New Appointment Despite Tough Market

JK is delighted to announce the appointment of Thomas Conneely...

New Office for Renewable Energy Services

JK is delighted to announce the completion of a lease to RES at Maingate, Gateshead...

Sunderland: New River Wear Bridge

JK was delighted to learn after much hard work the success of Sunderland Council in receiving government approval for the new £80 million Weir Bridge. JK provided the justification showing the development gain of a good design rather than a basic design bridge...

Service Charge Dispute Resolved

JK successfully represented AJ Smith of Red Box Design Group in the dispute on service charges. As an expert witness in the recent High Court, Kevan Carrick referred to the landlord’s errors in apportionment...

Askew Road Sold to Network Rail

Part of the site at Askew Road has been sold by JK to Network Rail for offices and depot. JK managed the team to secure a hybrid planning application for Network Rail and for client 3R Land and Property Limited in outline for a 138-bed hotel, restaurant 150 car spaces and 10,000 square feet of offices...

Compulsory Purchase Orders (‘CPO’)

A recent case has highlighted the need for a proper approach to be taken to ensure that an application for a CPO and its management is crucial to success. The London Gateway Development Corporation (‘LGDC’) had its request for a CPO rejected because: it failed to assist an existing business to relocate; the management of the CPO did not follow government advice in Circular 6/2004; and there was a risk that the reason for the CPO could not be delivered.

Political and business leaders urge the region to ‘get on with it’ at RICS North East Summit

The Royal Institution of Chartered Surveyors (RICS) held its third annual North East Summit at the Civic Centre, in Newcastle, on Friday (21 January 2011).
The event attracted a ‘stellar’ cast of speakers from the world of politics and business to speak to an audience of 100-plus property professionals about the factors currently having an impact on the property and construction markets.

Lease Renewal- Newcastle Drum Centre- Huge Financial Saving!

JK were appointed by Christine Pearson, Managing Director of Newcastle Drum Centre to negotiate a new lease on her premises at Akenside Hill. The Drum Centre were occupying numbers 9, 10 and 12 but were bursting at the seams and also looking to expand into further accommodation. It was fortunate that number 14 was also available and which they were able to move into.

A new bridge for Sunderland

JK Property Consultants assisted Sunderland City Council in making the application for Department of Transport approval to fund the Wear River crossing for which planning permission is now awaited.

The Northern Way in a discussion at the House of Commons

Kevan Carrick joined The Northern Way in a discussion at the House of Commons with the All Party Urban Development Group in consultation on their report “Next Steps: A Regeneration Agenda for the Next Government”. The All Party Group of MPs have, with research from Centre for Cities, produced guidance for the next government. The paper is “a curate’s egg”, good in parts, bad in others. It recommends public sector investment needs to increase the housing supply targeted at areas where need is greatest, the implication here is that is the South East.

RICS North supports campaign to boost private investment

RICS North has been working in association with Northern Way to ensure the views of RICS members and policy and economists staff were known by the Commission before the final reports were produced.

Engineering Employers Federation

EEF have a high reputation for providing support and advice to over 6,000 manufacturing, engineering and technology companies. They have instructed JK Property Consultants LLP to find a relocation for their offices, they require 7-10,000 sq. ft with good car parking in ‘AAA’ quality modern office accommodation with high environmental standards in the area of Sunderland, Washington and Newcastle.

Kevan Carrick of JK says “I am delighted to have such a quality client ask us to find quality accommodation, we will ensure they receive quality service and respond quickly to meet their needs”.

Predictions

The news for all connected with commercial property has been poor for the last few months. Capital values are forecast to fall further in early part of 2009.  Rents are showing signs of falling with such new lettings in the market being at a much lower level than even a few months ago and incentives such as rent free periods growing.  It is in the foreseeable future going to be an ‘occupiers market’ with further rental falls and softer terms.  It is also forecast the voluntary provisions of the ‘Code of Practice for Commercial Leases in England and Wales’ will be more readily adopted. There still remain opportunities to be grasped.