Conveyancing solves complex property transaction problems
The Merrill Lynch Fund Manager Survey reinforces our own conclusions, according to Malcolm Naish, During the second half of 1998, Institutions' property asset allocation was negative. Month by month, we have seen an improvement and investor allocations have turned positive for the first time since last summer. There are more buyers than sellers and owners are holding on for the upside, claims John Stephen, there is an acute shortage of deliverable investment all sectors and competition is fierce for what comes to the market.

Post Office Property Holdings, represented by Weatherall Green & Smith, has sold Fairfield Industrial Estate in Villiers Road, Kingston upon Thames to clients of Argyll Property Asset Managers for approximately £6 million to reflect a net initial yield of under 8%. The 6,982.63 sq m (75,161 sq ft) estate comprises six industrial units occupied by four tenants - the Post Office, Ideal Bathrooms, Magnet and Howdens Joinery - on rents of between £67.27 per sq m (£6.50 per sq m) and £78.04 per sq m (£7.25 per sq m) and generates a total income of £493,730 pa.

Chris Gilchrist-Fisher of Weatherall Green & Smith commented: The price achieved reflects the considerable interest generated in this investment which attracted many bids from, property companies and institutions in excess of the asking price. Conveyancers who are well qualified and have many years of experience and also have license are always a good choice for hiring them for performing your property transaction process of buying and selling both which comes in conveyancing process.

Merchants House, Wapping Wharf is a purpose-built office block overlooking the floating harbour, built in 1983. Tenants in the 55,000 sq ft offices include AXA Equity & Law Assurance Society, First National Bank, Cameron McKenna and National Provident Institution.

Graham Calver, partner of Hartnell Taylor Cook who represented Cardinal Lysander says: This is a strategic investment for my clients who expect rental levels to rise significantly after the completion of the £200 million scheme at Bristol's Harbourside. Cardinal Lysander paid £5.25 million to Brookmount Investment Trust for the investment, reflecting a yield of 10.25%. Egan Lawson acted on behalf of the vendors. Planning consent has been granted and work has already started on the project which will create ten new full and part time jobs for the area.