Latest News

Wed 8th August 2007
Demand for Commercial Property remains High

Demand in the UK for commercial property is holding firm, reports the Royal Institution of Chartered Surveyors' (Rics) Commercial Property Survey.

A total of 13 per cent more chartered surveyors reported a rise than a fall in overall demand in the last three months, a slight fall from the previous quarter.

However, rental expectations are now at the highest level in six and a half years.

Rics commercial property spokesperson Ian McRae said: "Record rental expectations offer investors some comfort that continued growth will support returns. The global economy is supporting the commercial property sector and investor appetite for the asset class has not dried up."

The report goes on to note that the surveyors' optimism has been boosted by strengthening demand conditions in both the office and industrial markets. The solid state of the global economy, along with recovery in the eurozone area, has also supported the industrial market, which recorded demand rising at the fastest rate in seven years.

New enquiries to occupy commercial property also rose with most action coming from the industrial market.

The report states: "Investor demand for commercial property is still rising, indicating that investors are not fleeing the sector in their droves due to yield differentials with other asset classes."

To find out how Park Woodfine Heald Mellows LLP commercial property team can help you, please contact us by clicking here

 

 

 

 

Park Woodfine Heald Mellows LLP

Park Woodfine Heald Mellows (PWHM) LLP was established in March 2007, a merger of Park Woodfine and Heald Mellows law firms.  Both firms were most recently based in the Bedford and Northamptonshire areas. 

Heald has existed in various forms since 1800.  Park Woodfine was established in 1966 and rapidly grew into one of the leading law firms in Bedfordshire and South Northamptonshire.

In 2004, Heald merged with Mellows of Bedford in June, with the addition of two partners and other staff. The Bedford office was subsequently known as 'Heald Mellows solicitors' to reflect the merger.

Park Woodfine became Park Woodfine LLP on 1st April 2006, retaining "Park Woodfine" as its trading name and in July 2006, Heald became Heald Mellows Solicitors a limited liability partnership based in Bedford.

At PWHM there are currently 10 Partners, 24 fee earners and a total staff in excess of 90. There is a good balance between maturity and youth within the firm.

PWHM have teams specialising in: Commercial Law, Family Law, Charity Law, Wills, Trusts and Probate Law, Property Law, Personal Injury Law, and Medical Accident Law. 

For further information, please contact:

Paul J Westerman, Head of Marketing

Park Woodfine Heald Mellows LLP

Tel: 01234 400 000

Email: pwesterman@pwhmllp.com

web: www.pwhmllp.com