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.