Monthly Archives: February 2015

Partial Interest Valuation

The success of the late Lord King of Wartnaby is manifested within the splendour of the house, gardens and grounds of his estate in the picturesque Leicestershire countryside. Lord King was one of the most famous British 20th Century aviation industrialists and the tenacious champion of free enterprise who brought British Airways back from the brink of ruin. Wartnaby House is now renowned in the region in its own right for its quintessential English traditional country house gardens that have been painstakingly and immaculately created by Lady King over the past 34 years; the gardens are now open to the public. On behalf of the executors of Lord King’s estate, Knight Frank and Shouler & Sons are selling Wartnaby House and its 75 acre estate at a guide price of £3,750,000.

“There are more gatherings taking a gander at stockpiling toward oneself than there were three prior,” says Marc Boor stein, essential at Chicago, Ill.-based MJ Partners Real Estate Services.

Wartnaby House is a fine example of Arts and Crafts Elizabethan revival. The original house was built in 1865 as the vicarage to the local church and was practically rebuilt in 1934, extended in 1957 and again in 1998. The seven bedroom/ seven bathroom house has a southerly aspect with wonderful views across the terrace, lawn and ha-ha to the parkland beyond. The converted coach house is now a billiard room and library and with a first floor, 3 bedroom flat. Further accommodation has been created for the more noisy guests by converting the Potting Shed into a single storey en-suite bedroom.

This appointment forms part of our ongoing strategy to further expand our offering to our clients, as we will be pulling together the expertise of different parts of the firm and key developments will be promoted across our entire London network thus maximizing the sales and marketing potential.

Charles comments on his appointment: “Prime Central London is currently witnessing some of the largest, most exciting, and high-value residential developments in its history, most notably One Hyde Park, Lots Road, and Chelsea Barracks. This is an exciting role, and I look forward to representing Knight Frank on these premier schemes.”

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Rupert Sweeting at Knight Frank says “Wartnaby lies in the heart of some of the best hunting country in England and, with its immaculately designed and lovingly kept gardens, it is a real gem. It is rare for such a fine house with a parkland setting and such beautiful gardens to come to the market.” With its own cricket pitch, the property would ideally suit a family that loves the outdoors and sporting life, but above all a gardening enthusiast who can do justice to all Lady King’s hard work and talent.” Wartnaby is fabulous estate with a truly special garden.

Expanded its German operations with the recruitment of a well established and leading commercial real estate team to open its second office in Germany.  The most widely recognized however is by taking a gander at comparative properties that are inside the same range of The property under valuation.

The gardens are spectacular and include a formal, ornamental Rose Garden with its impressive collection of old and new roses. This leads on to herbaceous borders and through to a further garden planted with an array of stunning white flowers. Beyond this is the purple-bordered garden and fountain. A preached hornbeam tunnel with hellebores, hosts and alliums leads from the collection of main, formal garden rooms to the well designed orchards, fruit cages, vegetable gardens, tennis court and fountains, all surrounded by cypresses fir trees.

An arboretum has been created behind the Clock House which contains some rare and interesting trees and shrubs. The front lawn looks out over the ha-ha across to parkland beyond. To the front and side of the property lies a Japanese water garden comprising of series of three linked ponds with waterfalls and wooden bridges. Beyond the water garden is a private cricket pitch.

“I anticipate interest in these estates from a large number of British buyers, as well as investors from overseas.” “This is a very unusual opportunity to buy either the whole package or an individual estate which has no crafting, no common grazing, and no let farmland.”All of the ground is in-hand and completely UN spoilt.

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He will be based in Knight Frank’s Sloane Avenue office but will be regularly visiting our residential development team in Brook Street, the One Hyde Park sales office and all of our other sales offices. He will also be communicating with our overseas network and working closely with our international desk operation based in London. Charles’ long term role will see him involved in all of the new developments in prime Central London where properties are priced over £5 million. His current priority is the much acclaimed London development, One Hyde Park.”

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The Company will open its Munich office at Prinzregentenstrasse 22, in the heart of Munich’s Central Business District on 1 October 2007. It will provide commercial property agency, investment and valuations services and employ nine staff.

Their experienced colleagues Michael Wagenmann (30) and Tanja Faulhammer (36) also join the team. Three members from Knight Frank’s London based European Valuations team will relocate to Munich. Joachim von Radecke (34), who is part of and remains in Knight Frank’s London based European Investment team, will be further assisting the Munich team for international and cross border investment activity.

The move is in line with Knight Frank’s three year European growth strategy which focuses on Continental Europe and the anticipated opening of two new offices per year and the doubling of both turnover and profit.

The combined package of 35,000 acres is one of the very last true wildernesses in the Highlands.”Henderson Global Investors, advised by Strutt & Parker, has let 65 sq m (700 sq ft) at The Hildreds Centre in Skegness, Lincolnshire.

Health food retailer Julian Graves has taken the unit on a new 10 year lease at £29,250 per annum.Key tenants include Co-Op Supermarket, Wilkinson, WH Smith, Superdrug and Clintons.

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The M4 vacancy rate fell from 9.7% to 9.4% in Q4, its lowest level in over four years. Take-up in the M4 has remained strong throughout 2007 with take-up in Q4 totalling 714,672 sq ft a 22% increase on the previous quarter (584,210 sq ft) and well above the long-term average of 424,303 sq ft.

Strong take-up, falling vacancy rates, significant pre-lets and further rental growth underline the current strength in the M4 market which is expected to continue in 2008. It is compulsory to do the full valuation of property for knowing the price of it.

Take-up in 2007 totalled 3,624,965 sq ft well above the long-term average. Active named demand increased during Q4 2007 by 6% to total 7.1m sq ft. Latent demand is currently not being driven by any one sector. Market fundamentals of lease breaks and expiries, consolidation and the upgrading of existing accommodation remain key drivers. This trend is expected to continue in 2008.

The majority of take-up during Q4 involved new and Grade A accommodation which accounted for 87% of total take-up. accounting for 74% (607,427 sq ft). In 2007 the acquisition of new and Grade A accommodation accounted for 82% of all lettings (New; 19% and Grade A; 63%).

Out-of town lettings accounted for 66% of Q4 take-up, with average transactions sizes almost 50% higher than those recorded in the town centre markets (27,137 sq ft OOT compared to 14,481 sq ft in TC). For the whole of 2007 OOT take-up accounted for 65% (2,374,277 sq ft), almost double the amount of accommodation acquired in the TC markets (1,250,688 sq ft).

Supply of large new units of accommodation within the market remains limited with only one unit currently available in excess of 80,000 sq ft. Choice for substantial requirements will remain limited supporting rental growth projections. Overall in the market there remains a limited amount of new accommodation which currently accounts for just 15% of total availability.

This new letting extends the already diverse tenant mix at the centre and will be a great addition to the strong retailer line up we already have in place here. The Hildreds Centre is trading very well in response to demands of the town’s shoppers and we anticipate that the letting will further increase footfall and sales.”

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Chris Bell, managing director – Europe, Knight Frank said: “One of the first priorities in our European expansion strategy has been to focus on Germany. This is as a result of our clients’ requirements, and the country’s real estate market, economy and size. Coupled with our already well-established Frankfurt office, the opening in Munich, with an exceptionally strong and unrivalled team, will further add to meeting the demands of both our local and global clients.

“It is always paramount to hire the right people who will complement Knight Frank’s values, who know the importance for professional consultancy and of course, the market. The team’s local knowledge will be a significant advantage to our clients. Knight Frank’s tight European network will enhance the cross border activity and bring a crucial competitive advantage.“ quality Dublin and overseas residential property. The 40 plus strong team joined Knight Frank’s European Commercial office network in May 2007.

Rental growth has been achieved throughout each of the M25 quadrants (which excludes Central London) during 2007, according to Knight Frank’s M25 Q4 2007 research announced today.

If we take a look on the services provided by your property utilizing then one thing will be noted in that is they always try to satisfy their clients by providing full help and assistance to their clients and solve their every possible problem they face in the full process of property valuation.

Knight Frank forecasts that further rental growth is expected to continue in 2008 with rental levels within prime locations in key western markets expected to rise by a further 15% including Hammersmith and Reading where prime rents in both centres are forecast to break £40.00 per sq ft and £30.00 per sq ft respectively having already achieved rental growth in excess of 10% over the last 12 months. This is particularly notable given that yields in these centres have moved out by 75-100 basis points over the same period.

Arlington will also be fitting out the premises for Ocado and providing an accommodation services package including cleaning and maintenance to the demise.”Titan Court comprises 6,317 sq m (68,000 sq ft) of offices arranged over four storeys.