Industry refuses to be bulldozed

Article Abstract:

The DETR is due to meet with rating professionals in February 1999 to hear their concerns about the Rating (Valuation) Bill which is already proceeding through parliament. The Valuation Office Agency is concerned that a large number of cases will come to court in light of the Anston case, with building owners likely to appeal for lower rates on buildings in a poor state of repair. The bill aims to ensure rental values are based on buildings which are in a 'reasonable' condition and that rents might only be lowered if the building cannot be economically repaired.

Laws, regulations and rules, Valuation, Real property, Real estate appraisal

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P&O hits at Chunnel link

Article Abstract:

London and Continental Railways, developer of the Channel Tunnel, is seeking to purchase the whole of the 8.5 ha Chobham Farm site in Stratford, England, from P and O Property for a Channel Tunnel station. This move is being opposed by P and O Property, which believes that the station requires only half the site. The latter concern believes that London and Continental Railways plans to build a supermarket and housing on half the site. London and Continental Railways is also seeking to purchase the neighbouring 14.2 ha Leyton Yard site.

Holding companies, not elsewhere classified, Offices of Other Holding Companies, Railroad Holding Companies, Management, Planning, Railroads, Peninsular and Oriental Steam Navigation Co., London and Continental Railways Ltd.

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'Yes' vote unlocks investment

Article Abstract:

There is growing confidence in the residential property market in Belfast, Northern Ireland, where a strong rise in house prices is anticipated. It is likely that similar growth will be seen in the commercial property market. Observers believe that the key growth areas could be offices, as many companies set up call-centre operations in Northern Ireland, and leisure, as efforts are made to attract tourists. However, there are only limited opportunities for investors, with the market lacking stock and prices being very strong.

Northern Ireland

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