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Category Archives: Property Purchase
34 to 40 Prince of Wales Road Norwich is about to undergo a major renovation to create stylish designer small business/ start up office suites which will be available to rent or for let on an easy in, easy out flexible basis. The office space will be furnished in a contemporary mid-century style with white desktops, ‘hair pin’ legs and Eames style designer office chairs. *Example office projects The colour scheme will be inspired by a grey colour palette from Farrow & Ball including Ammonite modern emulsion on the walls, Purbeck Stone eggshell on the woodwork and All … Read More
Life has never been running at such a break-neck speed as it is today. I’m surprised you’ve got time to read this. I’m surprised I’ve got time to *write* this. Internet, apps, latest news, ‘being the first’ culture, hashtags and instantaneous media are only encouraging us to move faster and enhance our productivity to a super-human level. So it’s only fitting that a solution to commuting, freelancing and start-up businesses would have peaked on the horizon. That solution is hot-desking. We offer hot-desk spaces to everybody who requires one, and with locations across the country and recently it’s become easy … Read More
It seem that the rest of the business world is recognising the potential that Exeid saw in Derby’s Sitwell House building, as it comes to the attention of the local Print Media. Exeid’s new acquisition, Sitwell House Office in Derby, situated on Babington Lane, made the front page of the Business Weekly due to the significant effect it is likely to have on Derby’s local economy and job market. As extensive renovation projects become completed in Derby City over the next five years, Babington Lane is set to become the very heart of Derby’s City Centre, connecting the new … Read More
The Exeid Asset Management programme has filled 80% of the vacant office space at New Walk House, 108 New Walk in Leicester, in just over 6 weeks. Their latest property, on New Walk, is exceeding all expectations and providing a fresh outlook on serviced offices in Leicester. Leicester Area Director Nick Pigott said: “This is an amazing result against the backdrop of a challenging economic climate. Despite the dowturn, our unique and innovative Asset Management Model really does allow us to buck the trend, delivering cash flow to landlords quickly, as well as providing flexible managed office space for great … Read More
You cannot argue that progression in Nottingham’s public transport isn’t a welcome extension. There will be two new tramlines expected to be operational by 2014 – one running to Clifton and the other to Chliwell, two areas that are deserving of such development. Could it be argued that the ends justify the means? Research shows that more than a few people are being trodden on, along the way. A Compulsory Purchase Order (CPO) has been issued to retailers in Beeston, meaning they have to evacuate their buildings and relocate. A CPO is a legal function in the United Kingdom and … Read More
…To save our High Street Retailers. The acclaimed retail guru was appointed by the government to undertake a review of High Streets in Britain, in May – the report has recently been released and seems ever more poignant as the Festive Season fails to provide the capital ‘boost’ that is usually expected. What is Mary Portas planning to do about it? How has the industry responded, and what does this mean for the Commercial Property Sector? Reports show that although footfall on the High Street has remained relatively unaffected, the cold, hard cash that Christmas Shoppers are parting with, this … Read More
Interview with Richard Priestly MD of Exeid.com following the recent acquisition of St Nicholas Court a Commercial Office Property on Castle Gate Nottingham.
Six months on and we revisit Exeid.com and their latest office acquisition St Nicholas Court 25 to 27 Castle Gate, Nottingham. We talked with Managing Director Richard Priestley: So Richard, you acquired this building in the thick of what has been described as the most difficult trading conditions for 70 years in the commercial property sector. Was that a foolhardy or smart move and why? To be fair it was almost a bit of both. The property was first identified as a target by our CEO a few of years back. Basically, it was approximately 60% vacant but at that … Read More
David Ajose CEO of Exeid, the rapidly expanding boutique commercial property consultancy commented on the recent changes in empty rates liability and the further impact of interest rates on the Commercial Property Market. “We expect interest rates to firm up in Q3 this year adding more pressure on any highly geared property investments. This combined with empty rates liability charges will mean that the commercial property market will be under pressure for the next two years at least. We think that the market will be no further on, in two years time than it is today. Then we believe that … Read More