Category Archives: Property Tax Depreciation

Tax deduction cost and property depreciation schedule solutions

This partnership is currently developing 4 io Centres totalling 1 million sq ft. IDP II is expected to have a life of up to 10 years and is targeted to show total returns to investors in excess of 15%. io has identified development sites in Woolwich and Stratford, London, and in Northampton, that are likely to be IDP II’s first acquisitions. The business plan for site acquisition and development is based on io’s 12 years’ experience in multi-let industrial estates. It is plain that the intention underlying the Act of 1974 was to provide redress for those people who were denied the possibility of resort to redress of any kind in respect of maladministration by a local authority in exercise of its administrative powers.

The formation of IDPII indicates the confidence that investors have in the io system. As momentum has built across Europe over the last 5 years for indirect forms of property ownership, we have created for our investor clients a variety of opportunities offering proven management expertise and tailored strategies. Working with the io Group, we are delighted to have created IDP 11 for the UK and are looking forward to implementing its strategy and delivering the targeted returns for our investors.

The early success of the letting campaign overwhelmingly endorses Ivybridge’s vision for the 46,450 sq m (500,000 sq ft) Grade II-listed building which has been totally transformed into Grade-A specification offices. Behind the familiar white Portland stone façade, the latest communications and servicing technology are being installed to ensure that the building meets the IT-intensive demands of modern tenants.

Commenting on the final letting at Shell-Mex House, Jeffrey Goldberger, principal of The Witkoff Group, said: We have reinvested Shell-Mex House. Stylishly, quickly and with the minimum of fuss we have added real value. The speed with which we have got it fully let, the quality of the tenants we have signed and the rents the building now commands, clearly demonstrates the success of our approach. Chairman Barrie Tankel and joint Managing Director Kevin Quinn both take an active involvement at the RICS. Kevin is an advisor to students undertaking certificate of competence, Barrie was recently elected Chairman of the RICS Project Management Faculty. As a leading construction consultancy Barrie Tankel Partnership has a consistently strong track record in procuring commercial office, residential and industrial buildings across the UK.

The shortage of office stock in WGC has held back evidence of growth although reasonable quality accommodation is achieving £16-£18 per sq. ft. New developments include Mercury House, Inter county ft. development at the junction of Bridge Road East and Broadwater Road where two proposals to prospective tenants at £19.50 per sq. ft have been submitted.

Industrially St Albans has suffered from a lack of supply and hence there have been relatively few transactions but those that have evidenced a rising market. As an example a small unit let on the Sphere Industrial Estate achieved a rent of £9.00 per sq. ft. for a fairly basic, albeit modern, unit. Elsewhere units are achieving well above the £6.00 mark. In WGC approx. 150,000 sq. ft of the Land Security site in Bessemer Road has been pre-let to WT Foods at £6.90 per sq. ft.