Creating real economic, social, and environmental value as a global commercial real estate advisor, powered by people. Our commercial real estate team is led by Paul Jennings, who is independently recognised by the Legal 500 and montclairbistro.com Chambers & Partners guides as being “an extremely commercial lawyer, exceptional communicator, good negotiator and forward thinker”. Studio spaceandofficescan be found almost anywhere, but are more popular in towns and cities.
We have always found the firm to be extremely responsive and professional in their dealings with us, providing excellent advice and recommendations that have led us to being in a strong position for negotiation and outcome. As our business as a branding, digital and creative agency continues to grow, I have every confidence that Radius Law will support us on our onward journey. Whether you are buying or selling commercial property, whether you are a landlord or a tenant, or whether you are a commercial property developer, there is considerable value at stake. It is important that your lawyers understand your commercial objectives, proceed with the transaction expeditiously so that it moves forward smoothly and mitigate risks. Avison Young is a global commercial real estate company designed to create and act on the most important opportunities for our clients. With our global contacts, we also unite national and international funders and investors with opportunities to take space and grow in the UK.
What does the Non Domestic Rates Scotland Bill mean for you?
These types of property could be based almost anywhere and will be subject to varying levels of legislation depending on the type of healthcare they provide. There are also a range of licences for different medications this kind of property may offer. Our team provides valuation services with a primary focus on the main commercial sectors, covering offices, retail and industrial, for a variety of purposes and clients. Out of the commercial real estate properties, retail has struggled the most throughout the pandemic. As retail footfall has fallen, many stores and outlets have been forced to close and negotiate a reduction on or cancel their existing lease agreements.
- In-depth research and analysis into property market trends, forecasts from our specialist research teams, and market-leading commentary to help you make the right property decisions.
- Class C properties can be outdated but offer the most affordable rents for tenants.
- Before we get into the legal nitty gritty of what a building might be used for, let’s look at the main categories commercial space falls into.
- Whether you’re planning to sell, rent or are undecided, we have an expert who can help.
- However, countless surveys have revealed that workers would like to, at least in part, return to the workplace.
In order to accommodate flexible working, companies need shared and collaborative workspaces. Businesses are demanding high indoor air quality and greater touchless technologies. Learn about the key types of commercial real estate so that you can explain how each has been affected by the pandemic. Our clients include urban development and regeneration companies, leading national home builders, major supermarkets and retailers, construction and infrastructure firms, hotel and leisure operators, SMEs and public and third sector bodies. We have strong links with English and multinational markets, and often work with clients south of the border where there is a Scottish element to their project. Whilst acting for a developer purchasing a commercial property, we identified that the property was the sole asset of a limited company.
Multi-family rentals have struggled, with many assets involved in the hotel and hospital industry. That said, the UK multi-family sector saw a record high investment of £3.5 billion across 2020, up 30% from 2019. Canadian real estate investment and management group Realstar was a significant contributor to this acquiring a portfolio of Multifamily and Student Housing, worth over £570million. Our award-winning property solicitors have a wealth of experience and practical knowledge acquired through decades of working on high-profile real estate projects.
Find businesses for sale using our online search, or contact one of our local or sector experts to discuss our confidential opportunities. We advise on hotels and leisure, offices, industrial, retail, mixed-use and student accommodation projects across Scotland from our five city offices in Aberdeen, Edinburgh, Glasgow Perth and Stirling. Types of use have long been split into classes, called, helpfully, use classes, which outline the type of work or process that can legally happen in a building on a piece of land. For example, a building might be legally able to hold a shop, but not sell alcohol and not every type of space is appropriate for food prep or retail companies.
From churches and abattoirs, to garden centres and crematoria, our specialist sector experts know their niche inside and out. Our team of investment and management specialists dedicate their efforts solely on shopping centre property across the UK. Our team provides leasing, acquisition, consultancy and investment advice to retailers and owners throughout the UK.
“There’s a strong desire to lend to UK property professionals and to grow our real estate business,” he adds. Everyone has data, but Avison Young experts translate it into insight you can really use to make smart decisions for today and for the future – fueling deeper insight into the dynamics of cities, intersections, buildings and people. Whichever sector your business operates in, commercial property will be a necessary part of your business.
Our sector-specific teams come together to provide a seamless range of services across mixed use projects in the UK. Our team provides an end-to-end service advising retailers and landlords, focusing on high streets and shopping centres. Working across commercial, residential and rural markets, we offer a range of tailored services directly to education providers.