Bidwells has released its Spring 2020 Oxfordshire industrial research which reveals that 2019 ended the year with 20% of all available stock across the market under offer, after 12 months of limited supply curtailing take up.
Slow, overly-politicised and outdated are four words that neatly sum-up the UK’s petrified planning system. Mike Derbyshire, Head of Planning at Bidwells highlights some way the UK planning system can change in the future.
There is heavy speculation that Agricultural Property Relief (APR) and Business Property Relief (BPR) will be removed in the Budget next week (March 11). Landowners and Farmers have long known of the potential impact of leaving the EU, the loss of farming subsides over time and the uncertainty of future global trade agreements. But its less-telegraphed tax reform proposals that have the potential to wipe out whole estates.
When the revised National Planning Policy Framework (NPPF) was launched in 2019 the hopes of many landscape architects were dashed on discovering that neither Green Belt ‘openness’, or ‘valued’ landscape were further explained or defined.
MHCLG Minister Robert Jenrick announced yesterday [NH1] he is forcing South Oxfordshire District Council (DODC) to adopt its Local Plan by December 2020 - or face the consequences. Nigel Hawkey, Planning Partner in Bidwells’ Oxford office, looks at the implications.
Take up in the three main Central London markets touched 11.1m sq ft in 2019, slightly above trend levels. Bidwells' latest research reveals that the London office market saw a rebound in activity in 2019, with take-up 9% ahead of the 10 year trend.
Space shortages have driven rental growth, with prime rents at an historic high. Bidwells' latest research reveals that the Norwich office market remains challenged by stock shortages, with availability rate sitting close to a 15 year low.
Despite slower take-up than in 2018, the latter half of 2019 saw an upturn in activity, with almost 150,000 sq ft of space under offer by the year end.
Bidwells' latest research reveals that following a strong year of take up in Milton Keynes in 2018, activity retrenched a little during the first half of 2019 albeit below the five-year trend.