Month: December 2017

Gazeley for sale despite difficult UK commercial property market

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Asda, the supermarket chain owned by Wal-Mart, the US retailer, could sell its global property development business in a deal that could fetch up to 400m. There are also rumours that Wal-Mart is looking to sell Asda as well.

The company told staff yesterday that it was looking for a buyer for Gazeley, an industrial developer, which will interest rivals such as San Francisco-based AMB and Australia’s Goodman International.

Gazeley is one of the largest industrial property developers in the UK and also operates in a number of other countries, including India, Mexico and China. It was acquired by Wal-Mart as part of its takeover of Asda in 1999.

Formed in 1987, the group operates as a standalone business, but also provides Wal-Mart and Asda with distribution and storage warehouses across the world.

Wal-Mart has picked a potentially difficult time in which to sell a property business, but Andy Bond, president and chief executive of Asda, said: “This is not a core business for us. We have previously had several unsolicited approaches for Gazeley and have now decided to review our strategic options, which might include a sale of the business.”

However, capital values have been in free-fall as fears have emerged over occupier demand. This, coupled with the greater difficulty in securing debt for the deal, means Asda is unlikely to secure a high price.

ProLogis, the US industrial developer, was linked with a bid for Gazeley two years ago. At the time, Asda said it had no interest in selling the company.

A significant part of the value of Gazeley will be its large undeveloped land bank, with more than 20 sites in the UK alone, and more across continental Europe and Asia.

Gazeley is the preferred developer of distribution space for Wal-Mart International, including Asda in the UK and Wal-Mart China. Wal-Mart is understood to be keen to sell the business with guarantees that ensure this strategic relationship continues, which would allow it first choice for prime sites in the future.

Pat McGillycuddy, chief executive of Gazeley, said: -We have produced consistent profit growth over the last five years and developed leased warehouses across Europe in 2007 with an investment value of 325m.

We have a successful business model and a strong management team that will add value to any new business partner.’

Wal-Mart wants to keep existing management in place following the sale if possible.

Businesses for Sale

Delhi Ncr Property Is Hottest Destination Of Real-estate In India

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Having property in the Metro cities such as Delhi NCR is not a simple task and it can be the particularly the daunting for first timer. Every person wants to be building his house in the metro cities but some time due to the lack of the information about properties we lost opportunities. Now main expensive industry is a real estate thus if you want to buy both property in Delhi NCR you must the aware about several facts. In the National Capital Region thousand of the property dealers are available who get some amounts percentage for each deal. In the NCR cities such as Gurgaon, Noida, Faridabad, Ghaziabad, Delhi are developing the very fast due to the New Delhi and the Employment opportunities.

You want to buy the Property in Delhi NCRarea you must recognize where you spend your money. There are available both types properties like commercial and residential. Types of the residential Properties include apartments, bungalow, flats, villas, plots and commercial properties Shopping, Mall, offices, companies are available but they all are very costly and may be the insufficient as per your require so you must know every property with the details like is it space full and its budget fit on your pocket. In the property in Delhi NCR are many events of fraud happen so it is the better to know generally about of the property you want to the buy. If you sore to buy any properties (The Residential and The Commercial) then you must read these terms as given bellow:—-

Property Dealer should be the registered
Property follows the rule of Government
Property should be the legal
Space of the parking should be available in Society
Transportation services available
Close to the Hospital, Police Station and Railway Station
Proper Water supply available
Proper Electricity supply available
Other points like Gas connection, Security, power back up, society maintenance, lift facilities should be available

Deepchand Saran tells you a property dealer in NCR, who is renowned in property dealers of Delhi NCR and Honesty. Taniyaestate are providing many types properties in the NCR.

Conveyancing Solicitors – Find the correct Commercial Property for business

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Whether you want to sell your dental practice or buy the corner off-license, or any other business, we can assist you.

We have many years of experience commercial and Conveyancing solicitors acting for both landlords and tenants in commercial transactions, including shop lease, pub lease and licenses. We can help you if you are an owner and your tenant does not pay rent or if you are a tenant threatened with eviction by your landlord.

When acting for you in your commercial transaction, our london lawyers will use sound commercial reasoning to help you achieve your business objectives. We will not simply provide an abstract legal essay.

We strongly believe that every law firm is only as successful as its clients and our work is therefore performed to the highest professional standards. We are always focused on achieving your objectives.

We do not compartmentalise your legal problems, so if during the course of your commercial property transaction it is also necessary to consider, for example the structure of the new company, if this is as a sole trader, partnership or limited liability company, we can most definitely assist you. We can advise you in drafting a suitable partnership agreement or setting up a private company including advising you on the responsibilities of directors and shareholders alike. Going forward we can assist with compliance with the legal obligations of the partnership and the company such as annual returns.

* Partnership agreements
* Commercial lease restauant and licenses
* Sale and purchase of business assets
* Setting up limited companies

If you are interested in finding Conveyancing solicitors , we are here to explain everything you need to know. We are specialists solicitors in london will have expertise different area like Construction legal related or building disputes.

Ways to Make Money from Commercial Property Investments

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There are basically five different ways in which you can make money by investing in commercial real estate.

Strategy 1: Building equity. The key way to make money in commercial real estate business is by building up equity in the property. You can do this in four ways that are mentioned below.

The first way is to buy the property below its market value. To do this you will have to do your due research, you will have to find out the needs of the buyer and you also have to be good at negotiation.

The next way in which equity builds up is through the appreciation of property. You can easily ensure that your property appreciates by marinating it properly and undertaking the necessary repair work. It is also important to buy a property in a location that promises to grow.

The third way to build equity is by paying down debt. The key to this strategy is to try and get the lowest interest rate possible on your debt instrument. The fourth way in which you can create equity is the time when you sell the property. You must try and sell you property at above market value and to do this you have to put in effort to find the right buyer and again you have to have good negotiation skills.

Strategy 2: depreciation of property. You can save a considerable amount of tax as depreciation on building is tax deductible expenditure. When you arrive at the profit before tax, you are allowed to account the expenditure on depreciation of assets as an operational expenditure. This way you have to calculate the percentage of tax on a lower amount. It is however important to note that depreciation can be charged only on the building but not on land. Strategy 3: Charging suitable rent. It is important that the property generates enough rent so that you can easily cover the expenditure if its maintenance and can also cover the interest payment of the mortgage. But you should not stop there, it should be your goal to try and get additional rent so that you can pay off the debts and thus create equity.

Strategy 4: Attractive financing schemes for the buyer. When you are selling your property, you can fetch a better price if you offer convenient payment schemes to the potential buyer. For example, if you allow the buyer to pay in easy installments and do not want a heavy down payment, then the buyer may be willing to pay you a higher over all price. Strategy 5: Add value to your property. You can add value to you property in various ways. Try and make strategic improvements in your property that will help you to increase its worth. You can also put your property to higher and better use to increase its worth.

William King is the director of Dubai Property & UAE Property & Dubai Real Estate Portal, Pakistan Property & Pakistan Real Estate Properties Portal , Canada Wholesalers & Canadian Dropshippers Suppliers Directory and Wholesale Dropshipping & Wholesalers Suppliers Trade Directory . He has 18 years of experience in the marketing and trading industries and has been helping retailers and startups with their product sourcing, promotion, marketing and supply chain requirements.

Thinking about a property refurbishment

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By Felix Fortescue, property analyst.

I’m often asked whether a property refurbishment will increase the value of a property and the answer is yes – but a return on the investment is far from guaranteed!

The trouble is that the true value of a property lies chiefly in its potential as perceived by the buyer in the marketplace in terms of the potential of the real estate, rather than whether it has been refurbished or not. The buyer may not care for your property refurbishment anyway and could gut the whole place as soon as you have gone- after all, a building is just a chattel.

So ordinary people, i.e. not professional property developers, should steer well clear of the property refurbishment game unless it is purely to enhance his or her own comfort and amenity at home or work.

The situation with property refurbishments is analogous to the boy racer who installs a 500 stereo in his car and then expects the vehicle to be worth an extra 500 when it simply isn’t.

It was no surprise when recently a friend who works for Hampshire Building firm PM Building Contractors told me that most of their property refurbishment work was chiefly for the high-end customer demographic.

These customers had clearly ordered the property refurbishment work for their own home comfort rather than to enhance the value of their houses.

Although it cannot be said that the gain on the value of a property accrued by a property refurbishment will necessarily be nil, any likely gain will be disproportionate to the expense and that may be incurred.

With the idea that the true value of the property lies in the estate in the land in mind, I would suggest that the ordinary man or woman who was wondering about how to maximise the value of their property should think hard about the potential of their real estate.

Applying for outline planning permission for a whole portfolio of possibilities can make you very attractive for property developers and landlords, some of whom have vast financial resources.

A property refurbishment is merely a cosmetic measure which, while it brings comfort and enjoyment for the householder, is not part of the fundamental nuts and bolts of what your property is worth.

Get a quote for your Hampshire Property Refurbishment – from Hampshire County Council Approved – PM Building Contractors!

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