Acacia Ridge currently occupied by Woolworths for $24.3 million at an initial yield of 7.60%. Yields within the Brisbane industrial market have remained steady between 7.00% and 7.75% for prime property throughout most of 2006 however yields in the secondary market continue to firm as the pressure of rental growth, the upward price movement of land and construction costs continues to impact the broader market. The laws which are made for performing the property related processes are compulsory to maintain and perform successfully. Investment demand for prime industrial property remained strong in 2006, resulting in a tightening of yields to their current (December quarter) range of 6.75% to 8.00% with an average of 7.25%.
Holding stamp duty rates will come as a relief to our industry at what are challenging times. We have been mounting a campaign to illustrate that higher rates of stamp duty hurt some of the Government’s key objectives of pension provision, regeneration and encouraging enterprise.
Investment during 2006 in terms of value is in line with previous years, with 2005 results of $676 million in 130 sales. With sales volumes similar yet transaction numbers close to 25% lower, there is a lack of investment grade stock available to the market and with yields tighter, capital values and land values of industrial property continues to grow.
Notably this year, the value of transactions in the Southern and Western Regions were at 36.7% and 32.2% respectively, We welcome the fact that the Government appears to be listening and through its actions has generally been supportive of our industry today. Property conveyancer has to improve its knowledge in extreme ways to handle the complex property conveyancing case. albeit still at a lesser rate than previous years as a result of three interest rate increases (each +0.25%) during the year. “Looking forward, given this uncertainty in interest rates, their share of investment product is likely to further slow.”
Landmark White is currently monitoring 1.47 million sq m of new industrial supply in 151 projects in various stages of planning due for completion over the next three years. Currently, there is approximately 22% of this stock under construction with likely completion over the next eighteen months, the greatest amount of new stock to enter the market over this time is located in Melbourne’s West (320,500 sq m) given the availability and lower cost of land in this location.
With approximately 410,000 sq m with DA Approval, it is forecast that there will be over 850,000 sq m of new industrial stock added to the market by the end of the 2007 calendar year.Of this space 31.4% will be located in the West, followed by the South region accounting for 29.7% or 252,500 sq m.
Though admission is free, attendees can pay $10 for access to the pit area for a closer look at the cars. Conveyancing is undertaken so that the process of ownership transfer becomes secure and completely legal. Chesterton Facilities & Property Management (FPM) in Bristol has been awarded a two year contract to operate and maintain the Blue Circle Cement headquarters in Aldermaston, Berkshire. Having commenced in mid May, Chesterton FPM won the contract in open competition in the form of a 6 way pitch made up of major FM players.
It is very necessary to hire a licensed and experienced Enact Conveyancing Adelaide for the process of conveyancing for both buying and selling of the property. The contract encompasses the management of the 8,00 square metre headquarters building, the major occupier being Blue Circle Industries and the remainder is being sub let to commercial tenants.
Most of the times, disputes arises during the process of conveyancing and conveyancers with their legal knowledge dissolve all the legal issues and disputes. If all the documents are not properly filled up or any document is missing it leads to delay in the process of conveyancing. Hence, the process of conveyancing dissolves all the risks in the property ownership transfer process.
Set in 56 hectares of grounds, the estate, which includes a grade 11 listed Manor House conference centre, a sizeable lake, and park land will also be maintained by Chesterton FPM. All work is to be carried out by Chesterton staff on site. The current value of services provided on this site exceeds £lm per annum. Chesterton FPM will be supervising a full range of FM services to Blue Circle including mechanical and electrical maintenance, the management of the historic park land and security.
Conveyancing is a long process. Depending upon the type of property on which conveyancing is carried out the time varies. Many times conveyancing process takes more than three months to get over and many a time not more than a month. Landmark also offer a low cost insurance policy linked to Home Envirosearch that offers protection against the potential costs incurred and any shortfall in the value of the property in the event of a contamination problem emerging after the purchase of the property.
Conveyancers are professionals who carry out the conveyancing process on your behalf. Conveyancers act as catalyst in all the steps of Enact Conveyancing Brisbane and speeds up the process. The new legislation has brought additional worry to practitioners. At Landmark, we want to ensure that legal professionals are provided with the most accurate and up-to-date information possible in a responsible and professional manner.
There are many steps in the process which can’t be solved without legal aid. Many conflicts and issues may arise during the entire process which may result in delay of the process. Conveyancers with their experience and knowledge help their client overcome all the obstacles. Taylor Woodrow Property Company has disposed of the Genesis Centre in Warrington, to Development Securities plc for £9,355,000 at a net initial yield of 9.6%. The Genesis Centre comprises approximately 8,732.6 sq m (94,000 sq ft) of office accommodation and lies at the heart of Birchwood, the principal out-of-town location for Warrington. The property is let to over 40 tenants including Corus UK Limited, Woolwich plc and ICL and produces a rental income of just under £1 million per annum.
The Genesis Centre will remain the regional base of Taylor Woodrow Property Company, where it will be joined by its sister company, Bryant Homes, following Taylor Woodrow’s purchase of the residential developer six weeks ago. Development Securities plc was advised by Whitaker Horton while Dunlop Heywood acted for Taylor Woodrow Property Company.
Day told the commission that Corta went on maternity leave in December and her leave ended Feb. 9.Her doctor gave her a note, which requested that she not return to work for another two weeks and for her to have a medical checkup Feb. 24, according to the personnel board’s ruling. Sargeants Conveyancing It further states that Corta showed the note to Day who told her she could not come back to work unless the doctor approved it.
“Ms. Corta understood that Judge Day was extending her maternity leave until Feb. 24,” the board’s ruling states.When Corta went back for her checkup the doctor gave her a slip saying she could go back to work March 8 and the chief clerk told her to fax it to the probate office.Day prepared a notice of termination, which alleged that Corta’s maternity leave ended Feb. 9, and that she failed to return to work three days afterward as required by personnel rules.
In its ruling, the board stated that three days had not passed when Day issued the letter, and ruled in favor of Corta.”Accordingly, Judge Day was not authorized to terminate Ms. Corta’s employment for the reason given and the decision of termination is due to be reversed and set aside,” the ruling stated. Corta did not fax the release slip until Feb. 26, the ruling states.
Day told the commission that he struggled to keep Corta employed because she had problems with being tardy and absent during her six-month probationary period.He said her supervisors did not recommend that Day place her on permanent status at the end of her probation and he extended her employment for three months.Day said he placed her under new supervisors who recommended she become a permanent employee at the end of the extension and he followed the recommendation.