07/27/2017

While the image of the Thames Valley’s office market is one of resilience, the differences between its main towns will influence the way occupiers and investors make decisions. Andy Jansons, managing director of Jansons Property, gives a snapshot of the main centres. Reading Reading’s rallying cry in recent years has been its relative value compared to London. But quoting rents in some of the prime new town centre office locations are almost reaching £40 per sq ft which, in my view, leaves too

06/15/2017

Martin Billings, partner in the Real Estate department at BrookStreet des Roches, explains how what you might consider a simple right of way, can become a complex one. In the recent Court of Appeal decision in Gore v Naheed, the court considered the extent to which a right of way in favour of one property could be used to gain access to another property. Whilst on the facts of this case it was found that a driveway could be used to access to an adjacent parking area, it is important to

04/19/2017

Developer John Fisher says the requirement for affordable homes on small developments could threaten the viability - and therefore deliverability - of those schemes. Mr Fisher, managing director of Thames Valley housebuilder T A Fisher, says small developers seeking to maintain a high threshold of quality could find it difficult to incorporate both affordable houses and developer infrastructure contributions on smaller projects. Government changes to national planning policy have sought to

04/06/2017

Rebecca Thomas, Partner - Professional Support at law firm BrookStreet des Roches, explains recent clarification on whether business rates are due while a building is under refurbishment. The question of whether business rates are payable while a property is being redeveloped has been determined by the Supreme Court in a decision which will be welcomed by owners and developers. Overturning the Court of Appeal decision in Newbigin (Valuation Officer) v SJ & J Monk, it was held that where a

03/29/2017

Following a recent judgement, a rent concession on a property could now be in very different legal territory. Martin Billings and Rosie Gibb, partners in the Real Estate department at BrookStreet des Roches, explain the full implications. It is not unusual for a rent concession to be documented in a side letter, keeping the arrangement both confidential and personal to the tenant. It is also common for a side letter to contain provisions which allow the arrangement to be terminated if the

08/01/2017

We are taking a break for the first week in August 2017. But we'll be back on Tuesday, August 8, ready to deliver more property news from the Thames Valley. We look forward to resuming normal service then.

07/31/2017

Transport planners at SYSTRA’s Thames Valley office, based in Reading, were not surprised by the Government’s decision to ban sales of petrol and diesel cars from 2040. They’ve long been planning the brave new world of electric vehicles. Alan Bunce spoke to Jonathan Williams, transport consultant, based at SYSTRA’s office at Soane Point, who recently addressed over 100 delegates to the Transport Practitioners’ Meeting in Nottingham on the way forward. Developers will be key to making electric

07/28/2017

The Government has agreed to provide £2.3 million towards the cost of Reading’s Green Park station. The station is one of five new stations in England and Wales to be given Government money and work on the £16.5m, two-platform station at Green Park is due to start in January with the first trains running by the end of 2018. A bid for funding Green Park station was submitted to the Department for Transport's new stations fund in December. Tim Smith, chief executive of Thames Valley Berkshire