THIS has been a big year for Berrys and BNE. July 2015 saw the two companies join together and, as staff settle into the new team, it is becoming clear that the opportunities available in the current market for clients are widespread and that 2015 could be a big year for everyone, not just Berrys BNE. Within commercial agency alone a significant rise has been seen in available opportunities, not just in Berrys BNE’s traditional ‘heartland’ of Northamptonshire but across the UK.
THIS has been a big year for Berrys and BNE. July 2015 saw the two companies join together and, as staff settle into the new team, it is becoming clear that the opportunities available in the current market for clients are widespread and that 2015 could be a big year for everyone, not just Berrys BNE. Within commercial agency alone a significant rise has been seen in available opportunities, not just in Berrys BNE’s traditional ‘heartland’ of Northamptonshire but across the UK. Huge opportunities exist for owners of and investors in commercial property; there are concerns within in the market that if an increase in speculative development is not seen, there will be such little available commercial stock that a detrimental effect upon local trade will be experienced. It is not just within commercial agency that opportunities exist. All areas of Berrys BNE’s practice are seeing opportunities resulting from market buoyancy, meaning that business consultancy, rural agency, estate management and professional services departments are all experiencing increased demand. Given the minimal stock, office units which have experienced little interest through the last 12 months have been flooded with offers from 3 or 4 different prospective tenants or buyers. The strength of this demand lends further support to the theory that land values are being depressed by build costs; given this reiterated theory and the unprecedented demand, it will be a matter of time before there is strong justification to develop speculative units. Diversification can also be key to satisfying demand. Opportunities exist to develop certain rural schemes for office accommodation; the growth in small businesses up to the end of Q1 of 2015 is the highest growth rate experienced in the UK economy for some time, meaning that these type of schemes are proven to be attractive to local SMEs. As demonstrated by the range of opportunities listed, the key to satisfying demand and maximising client ROI is to explore all possibilities. As demonstrated daily in the appraisal, delivery and reporting of these opportunities, Berrys BNE are well placed to provide the highest standard of service, supported by a team of more than 70 professionals. This team can add value to the final product whether through renewable energy systems, building maintenance programs or simple asset management. Berrys BNE’s coverage of all sectors means that new investors are coming forward on a weekly basis seeking opportunities and the newly strengthened team is well placed to assist with all areas of property transactions. To discuss whether Berrys BNE could assist with your project, please contact Simon Parsons, Head of Commercial Agency, on 01536 213169 or
