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Surveyors see rising confidence for commercial rents

Rent rise expectations for commercial property are at their highest for four years, according to the Royal Institution of Chartered Surveyors.

A steady increase in demand for business premises, rising for the sixth consecutive quarter, has led to chartered surveyors working in commercial property to up-grade their expectations of rent rises.

Around 13 per cent more chartered surveyors expect rents to rise than fall, up by 9 per cent from the last quarter of 2004.

Levels of vacant business space fell at their fastest rate since 2000 and the level of inducements offered to secure tenants fell for the first time in four years. The RICS report shows continued growth in the office sector and strong distribution activity underpinning industrial property.

RICS vice-president Graham Chase says: “There is a change in the power base in the high street. The current market is one which exposes poor retail practice but allows those at the cutting edge to gain market share.”


Webline poaches Pru’s Byford

Fromer Prudential e-business strategy manager Adam Byford is joining Webline as head of service strategy.Byford, who had been at Pru for 15 years, will draw on his experience in managing relations with portals and technology suppliers for his new employers. He was also previously chairman of Unipass.

Tony Nutt

Jupiter’s income fund manager believes in uncovering value and is not impressed by company bosses who aim to make themselves rich at the expense of shareholders.

Hatch joins M:Communications

Louise Hatch, one of the four founding partners of financial services public relations company Penrose Financial, is joining M:Communications.

EMS sale means end of any link with Enterprise

Having read September 21 article in Money Marketing concer-ning Richard Coulson “buying into a brokerage”, I feel it is appropriate to clarify the position.


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