New Guidance Note for Arbitrators

The RICS has issued the 9th edition of its Guidance Note : Surveyors acting as Arbitrators in Commercial Property Rent Reviews, which will be relevant to all chartered surveyors involved in commercial property rent reviews, including their clients and solicitors.

The guidance note is based upon the law and practice relating to arbitrations in England, Wales & Northen Ireland, which are governed by the Arbitration Act, 1996.

Countrywide doing the business in Yorkshire

Acting on behalf of Countrywide Estate Agents, Howard Jenkins has agreed lease renewals on the Company’s branches in Harrogate, Ripon & Stokesley, and acquired premises for the opening of a new branch in Huddersfield.

Countrywide recently reported its strongest first half-year financial performance since 2007, representing a positive start to its return as a listed company. Its lettings division continues to progress, with properties under management up 24%, and positive momentum driven by market trends.

Business Growth Programme – £5.7m additional funding

Leeds City Region LEP has secured a further £5.7 million from the Regional Growth Fund, which it is making available to SMEs who are planning to invest within the Region – this includes all of West Yorkshire plus Barnsley, Craven, Harrogate, Selby and York.

The additional funding is on top of the £20 million with which the LEP originally launched its Business Growth Programme, providing grants of between £10,000 and £1 million for the creation of new jobs and business growth.

The fund can meet up to 20 per cent of the total cost of capital investment in land, buildings, plant, machinery and equipment, or towards research and development projects.

Cabinet Office launches new property pilots in Yorkshire

A pilot scheme encouraging local councils to work with central Government and other public sector organisations to share buildings and re-use or release surplus property has been launched – in Yorkshire, this includes the cities of Hull, Leeds and Sheffield.

The ‘One Public Estate’ scheme will stimulate growth and encourage redevelopment. It is being run by The Government Property Unit in Cabinet Office working with the Local Government Association (LGA), and will examine issues within geographic areas rather than departmental structures, making use of local knowledge. It will promote sharing buildings or selectively selling land to encourage regeneration and growth, local development and business.

Chloë Smith, the parliamentary secretary for the Cabinet Office commented “In central government, we’re working hard to ensure the taxpayer does not have to pay for empty buildings. Already, we’ve raised over £1 billion nationally by getting departments to work together and use their property more efficiently. It’s great to see local authorities making such good progress, by thinking in new ways about property issues.”

The pilot areas will include:

•Bristol

•Cheshire West and Chester

•Essex

•Hampshire

•Hull

•Leeds

•Nottingham

•Portsmouth

•Sheffield

•Surrey

•Warrington

•Worcestershire