Alarm bells ring too soon

Article Abstract:

Several pieces of research investigating the state of the UK office market forecasted it would be less confident in 1999, throughout the whole country. Although some areas were expected to retain their popularity with occupiers, such as the western corridor in the South East of England. Rental values in London, England, for 1999, were predicted not to achieve the 50 pounds sterling per sq ft they reached in 1998. Some landlords have reduced their rents to gain tenants. The Investment Property Forum found the property professionals forecasted growth in rental values would fall by 3.3% in 1999.

Research, Real estate industry, Real estate development

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Destiny calling

Article Abstract:

The Industrial Development Board of Northern Ireland intends to build a number of call centres under its Call Centre Initiative, to try to take advantage of Dublin, Ireland, popularity with call centre operators. Belfast can offer a highly educated workforce without employment. Some observers hope the growth in call centres will help the general office market improve. Speculative development is beginning in Belfast because it is predicted more than 40% of empty buildings are in poor condition. The political situation in Northern Ireland has discouraged some companies moving into Belfast.

Telemarketing Services, Telemarketing Bureaus, Business services, not elsewhere classified, Marketing industry, Northern Ireland, Telemarketing, Belfast, Northern Ireland

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Smarter building investors

Article Abstract:

Alliance & Leicester PLC (A&L) moved into a new headquarters building at Narborough on the outskirts of Leicester, England, following it flotation on the stock market in 1997. The headquarters building is worth 25 million pounds sterling and encompasses 280,000 sq ft of office space. It replaces the two main buildings previously used by A&L. The management of A&L have plans to build more offices in the business park in conjunction with a major developer. The A&L company chose the site near Leicester due to its centralised position and the availability of high-quality staff.

Financial Services, Finance and Insurance, Buildings and facilities, Alliance & Leicester PLC, Financial institutions, Company Profile

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