News
NEW - Serviced Offices in London
April 08
Meadowcroft now offer serviced offices to rent in an improved EASY to USE search facility. Choose from literally hundreds of serviced office rentals in all parts of London and the south-east. Photographs and location maps are available for all properties. Prices to suit all budgets. Follow the "Serviced Office Search" link above on the right hand side this web page.
RATES HIKE ON EMPTY BUILDINGS
April 08
From April this year business rates will be charged at the full rate on all empty buildings costing tenants and landlords an extra £950m a year.
Bob Bradford - Obituary
March 08
Founding partner of Meadowcroft in 1976, Bob Bradford sadly died on the 5th January this year. Bob, aged 56, who was joint partner with Simon Kibble, was diagnosed with pancreatic cancer in December last year only weeks before his death. He was a truly professional and genuinely kind man, loved and respected by all. He will be greatly missed by his colleagues clients and friends, but not least, by his wife and three children.
Simon Kibble is participating in a sponsored cycle & run on 11 May in Goring, Berkshire. Simon is hoping to raise awareness and money for Cancer Reasearch. Donations to this will be gratefully received to aid their good work. Please contact us for information on how to make a donation.
MICHELIN STAR RESTAURANT INVESTMENT BOUGHT
October 07
A private investor client advised by Meadowcroft has acquired the freehold of the L'Atelier restaurant in Covent Garden from Shaftsbury Estates. L'Atelier is one of the highly acclaimed restaurants of the renowned chef Joel Robuchon holder of six Michelin stars, The 9,000 sq ft building on 5 floors, is situated next door to The Ivy in West Street WC2.
Rents hold in face of Credit Crunch
October 07
Commercial property
Occupier conditions in the commercial property market have yet to show any reaction to events in credit markets. Despite the recent turmoil, office rents saw their biggest monthly pick up in close to a year, up 0.7% in August pushing the annual growth rate to 8.6%. A measured slowdown in retail rents continued at 2.2%, the slowest annual pace since January 2003. In the industrial sector, rents have remained pretty flat despite reports of ongoing strength in the manufacturing sector.
London Office Market Report Q1 2007
May 07
Q1 Highlights include:
Availability in the West End fell below the 3 million sq. ft. mark to 2.9 million sq. ft. in the first quarter.
Since the peak of availability in early 2005, availability in the City has dropped by over 9 million sq. ft.
Current availability in Midtown is a third of the volume seen in 2005.
West London Market update
February 07
The western fringe (W2,W8,W6,W14,SW7 & SW3)has seen take-up declining over the past three years. This is in part to do with a lack of stock and few development opportunities away from Paddington.
Use Class Order - classification
January 07
The new use class order and description of the various categories and permitted changes of use. Printable version also available.
Rental growth in the market
January 07
Commercial Property
Occupier demand for for commercial property rose further in December with rental growth firming to 3.6% up from 2.6% at the start of the year.
Offices in investment market focus
January 07
Investors have focused on the office market over the last 12
months with 45% of new purchases targeting the sector.
Business office demand booms
November 06
*Business property demand up for the fifth consecutive quarter in Q3.
*Boom in occupier demand for offices but retailer demand for shops still weak.
*Investor purchases of commercial property rising firmly with appetite strengthening for retail property.
Market Update Q3 2006
November 06
Rents increased by 3.2% in the year to September, the firmest rise in five years.
Business property demand up at fastest pace in two years
October 06
Demand for industrial property has risen at the fastest pace in two years whilst the retail property market continues to decline, despite its recent improvement in consumer spending, says the RICS commercial property survey.
Walthamstow College sells
September 06
Meadowcroft has sold a 10,000 sq ft D1 educational building in Walthamstow E17 to The Emmanuel Christian Centre. The building was previously occupied by the Waltham Forest Council for an adult education college but will now be used for religious and community activities.
Commercial property opens its doors
May 06
Public interest in commercial property investment has soared in recent years and is expected to increase further according to the RICS' annual commercial property forecast published today, (06 April).
Market Update
February 06
Business demand for property rose mildly in Q4 as office market activity strengthened whilst occupier demand in the industrial and retail sectors remained subdued. A stronger stock-market and continued expansion in the business and financial sectors helped shore up demand for office space, particularly in London.
Market update - Office market shows biggest growth in commercial property
November 05
The office sector continued to witness the strongest rise in activity with the London office market showing the largest gains. Sustained global economic expansion and improved financial and business services activity are supporting the recovery in the London office market.
City move for Diamond
November 05
Diamond Seafoods, a seafood trading company, has taken a floor of 2,250 sq ft in Cannon Street, London EC4.
Aegis sign up on new Victoria HQ
November 05
Aegis Defense Services Ltd have taken a lease of 8,500 sq ft from Bank of America at 39 Victoria Street in London SW1 advised by Meadowcroft.
West End sees office take-up double
October 04
Take-up of office space in the West End was at its highest in four years last quarter, boosted by the Metropolitan Police signing up at Empress State Building SW6.
Office Property Market Commentary Q2 2004 - Reality catching up with sentiment
July 04
Last quarter, sentiment was ahead of reality. Deals were being talked about but not actually happening. The RICS confidence survey stated that enquiry levels in the first quarter of 2004 had "risen at their fastest pace since the stock market high of 2000" - but few had translated into take-up.
Market Commentary - Green shoots for commercial property market
January 04
Demand for commercial property turned positive in the fourth quarter, the first rise for nearly three years. The relatively small increase in new sales/lettings of floor space was mainly attributable to growth in the office market, while growth in retail property activity maintained a weak pace.
Yet more property taxes! - New Lease Duty
November 03
The government, in its desperation to raise further funds to cover its mismanagement of our finances seems to think the further taxation of commercial property and business leases will help ease their problems.
Market Commentary - rate of increase in availabilty of office supply slows
September 03
The supply and demand of office space in Central London saw little change from the first quarter of 2003.
Market Commentary
March 03
Chartered surveyors reported a further drop in business demand for commercial premises in the third quarter of 2002. Falling business investment shows that a sharp brake has been put on company expansion plans, hitting demand for property.
Commercial property - the wasted billions
August 02
Last year the RICS commissioned a report from the economic research agency, Capital Economics to put a figure on the losses incurred by UK business each year through inefficient use of its property assets.
Commercial Property Market commentary
May 02
With increasing stock in the London office market many more opprtunities are available for those companies needing to move at the moment.
London office stock rises to 1997 levels
March 02
Availability of central London office space last quarter rose by 3.1 million sq ft, (up 27%) according to market data compiled by Provision. This followed a similar increase throughout the year.
London Office Markets Bounce Back After 11 September
January 02
LONDON-New research from agents FPDSavills shows that the impact of the 11 September atrocities and the ensuing economic disruption on the central London office markets was not as severe has been feared. In both the City and west End markets take-up increased in the final quarter of 2001.
Small business growth suffers from London office space drought
January 02
Nearly 20% of small and medium-sized enterprises are struggling to find suitable office space, according to the Spacia Small Business Property Monitor 2002.
But on the other hand...
August 01
Latest indicators show that the UK economy is managing to weather the global economic slowdown. Despite sustained stock market weaknesses, consumer confidence in the UK remains strong, underpinned by a robust housing market, tightening labour market conditions and a low interest rate environment.
UK Property Market Overview
August 01
Business demand for UK commercial property declined in the second quarter of 2001, marking the first fall in 2.5 years. For the second quarter, 16% more chartered surveyors registered a fall in new business occupation of commercial property than a rise, compared to 7% more registering a rise in the first quarter.
Market Commentary - Commercial Property Overview
April 01
Chartered Surveyors reported faster growth in occupation of commercial floorspace in the first quarter of 2001. The percentage of surveyors reporting a rise in sales and lettings of commercial property, above those reporting a fall, was 7%, up from 2% in Q4 2000.
UK Property Market Reports
January 01
For the past 15 years the Valuation Office has prepared facts, figures and commentary on UK property trends for Government departments.
New tax concessions for property
January 01
In his Pre-Budget Report, delivered to the House of Commons on 8th November, the Chancellor announced plans for several changes that will, more or less, benefit those in business. Most are expected to come into effect from April 2001.
Take Up Slows Down
November 00
Take-up of commercial property rose further in the third quarter of 2000, though the pace of increase has moderated to its slowest since the end of last year. A slight easing in economic growth has dampened demand conditions but limited availability of commercial floorspace is expected to keep rental growth firm in the fourth quarter.
Mixed Signals...
November 00
Last month, we featured the RICS research for the 3rd quarter of 2000, headed "Take Up Slows Down". Knight Frank have now issued their own summary for the same period claiming no signs of waning demand, continuing shortage of quality offices, and further rental growth across all sub markets.
