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From Government, Legal and Policy - Legal Issues

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Industrial and Commercial Property Demand May Rise in the UK this Year

Thu, 26 Apr 2012 12:32:00 EST

Demand for industrial and commercial property could be on the up this year according to the results of a new report. Figures from a report by independent commercial property advisor GVA, published on Wales Online, showed that 2012 could see an upturn in the market.

According to the findings of the study, while 2011 saw weakened demand for commercial property, new site purchases and strategic planning strategies could help boost interest in the sector over this year.
Industrial agency director at GVA in Cardiff Paul Hobbs told Wales Online: 'Availability of good stock is falling fast. Whilst there is not a drought of space, a moderate upturn could lead to a fast recovery in rents and values for existing prime stock.'

The source also pointed out that there soon could be a shortage of top quality commercial property and accommodation available to buyers in Wales, which could interest those who already own spaces in the region and are considering increasing their rents.

Commenting on the news, Taynton's LLP Solicitors pointed out that anyone looking to buy, sell or lease commercial property should make sure that they call on experienced commercial property solicitors and experts ahead of making final decisions.

'Our team has extensive experience in working on commercial property deals with all kinds of clients, from small start up firms to established firms, and we understand the complexities and specifics of commercial property buying, selling and leasing,' said the company.

When dealing with commercial property issues could include rent reviews, terminations or renewable, breaking a lease, downsizing, expansion, multiple properties and site purchases, and experienced property solicitors will have the skills and the knowledge to deal with any eventuality.

Taynton's LLP's commercial property Solicitors has 150 years of heritage and legal experience, making the firm the number one choice for anyone interested in buying, selling or leasing any kind of commercial property or space.


Source: WebWire



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