Rating review takes top billing

Article Abstract:

The UK's 2000 Rating Revaluation could lead to a significant rise in rates for retail warehouse operators. This is because rents, on which ratable values are based, have risen dramatically. There have been large variations in the rate of rental growth across Scotland, Wales and England, with rents being affected both by local economies and by the location of a retail park in relation to the town centre. The effect of revaluation is likely to be particularly harsh in Manchester, England, where the rate liability of a property could rise from 150,000 pounds sterling to 267,500 pounds sterling.

Manufacturing and Industrial Building Construction, Industrial buildings and warehouses, Warehouse Buildings, Retail industry, Retail trade, Buildings and facilities, Industrial construction, Warehouses

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Property bucks the market trend

Article Abstract:

Real estate companies have performed relatively well in May 1999. A 3.9% rise in property market securities occurred after a general fall in prices throughout the previous year. Property companies Evans of Leeds, James Smith and Chesterton Estates ranked first, second and third, respectively, amongst the best market performers. Property companies Helical Bar, Bradford Property Trust and Grantchester ranked tenth, ninth and eighth, respectively, amongst the worst market performers.

Real estate, Real property

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