When companies come to the end of a lease there is normally a dilapidations clause within their lease that states that the property should be returned to the landlord in a pre-determined condition. If the works are not completed, then a sum is agreed to be paid to the landlord to potentially complete those works.

Full expensing has now become a permanent and valuable relief within the construction sector, allowing businesses to claim a 100% first-year allowance on the cost of qualifying plant and machinery. This support towards heavy investment significantly helps the industry's financial efficiency and growth, however construction groups need to review their operations to ensure eligibility for the relief is maximised.

Take up in the first half of 2024 is down by 56% across the South East industrial market, according to SHW’s H1 2024 Industrial Focus.

Continued high build costs, planning delays and debt finance costs have impacted prices being paid for sites across the South East, according to SHW’s Q3 2024 Development Focus.

Work is now underway on site for a new Sussex and Surrey Institute of Technology (SSIoT) centre at Crawley College.

This year to date has seen a slow take up across the South East office market after an improved 2023, according to SHW’s Q3 2024 South East Office Focus. However, Brighton has been an exception to this trend.

Installing mezzanines and repurposing warehouse space can really maximise the value of the available space in a warehouse or in the commercial spaces often built below large blocks of flats.

SHW, on behalf of Friday Media Group, has completed the sale of a 18,080 sq ft, semi-rural warehouse that sits within 1.9 acres of land. The sale is to Falcon Park Training and Conference Centre who will take full advantage of the generous outdoor area and close proximity to J10 of the M23.

Workplace consultancy is an essential service that businesses of all sizes can benefit from. In today's fast-paced and ever-changing corporate landscape, organisations need to create work environments that are not only functional but also conducive to productivity, collaboration, and employee satisfaction. This is where workplace consultancy comes in. By analysing the specific needs and goals of a company, workplace consultants can provide tailored solutions to optimise the physical workspace, improve workflow, and enhance the overall work experience for employees.

On Friday May 24th 2024 the government rushed the Leasehold & Freehold Reform Bill through parliament before it was dissolved ahead of the General Election on 4th July. Michael Gove, who originally pushed to update the ‘feudal’ leasehold system, stood down from his role as Housing Secretary, as well as Conservative MP.

SHW has been appointed by Surrey County Council to let 14,560 sq ft of Grade A office space at Nexus, 4 Gatwick Road, Crawley.

SHW, on behalf of Crawley Borough Council, has completed the latest letting at The Create Building in Crawley.

A large, modern, high specification warehouse distribution centre in East Sussex, formerly occupied by John Lewis Partnership, has been let.

SHW, on behalf of private clients, has sold the freehold interest in Melrose House on Dingwall Road in Croydon to South London based property investment and management specialist, Ganco Assets.

This London-based infrastructure services company is rapidly growing, working across some of the largest construction projects around the world, with a strong track record in delivering data centres, utilities and aviation projects across Europe.   The Kreston Reeves team was led by Corporate Finance Director Craig Dallender, Corporate Finance Manager Sakshi Gupta and Corporate Finance Assistant Managers Mark Cheung and Victoria Sunley. Tax advice was provided by Corporate Tax Senior Manager Mohammed Mujtaba.   Craig Dallender said: “We are delighted to work alongside this infrastructure services company and HSBC on this innovative funding facility. It will further contribute to the growth and development of this market-leading infrastructure developer.   “Kreston Reeves has a strong Corporate Finance team that can bring forward new and novel funding facilities for UK businesses.”   The Company’s Chief Financial Officer said: “As a company we never stay still. We embrace change and thrive on new challenges, constantly looking to break into new sectors, new countries and new opportunities. This funding facility from HSBC will help support that and we thank Craig and the Kreston Reeves team for their support in securing this new facility.”

SHW has been appointed to oversee the Facilities Management for Norfolk House in Croydon, marking a significant step in the management of the property following its recent acquisition by a private investor.

The Create Building, Crawley, has been awarded a rating of Excellent for its design, construction and impact on the environment after going through one of leading globally-recognised appraisal processes, placing the scheme in the top 10 percent of new commercial buildings in the UK.

SHW has announced the appointment of its new Regional Heads commencing 1st April 2024 for a period of five years.

British Airways Holidays has signed up to be the next tenant of The Create Building.

SHW, on behalf of Arrow Capital Partners, has let the last remaining space at Arrow Point Crawley to Leo Cancer Care. The industrial/warehouse development is now fully let.