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Mike Sales, head of property investments at Henderson Global Investors, said that the UK commercial propery and office interior development market is likely to get as low as it will by the end of the year, before mothballed sites come back online next year or possibly 2011.

He commented: "What you'll see is the space in buildings that can't be stopped coming out and that space being gradually absorbed by the market."

Then a lull in the development pipeline, he explained, will allow for future office interior project opportunities to come to the fore.

Meanwhile, Michael Aglony, marketing manager at Mortgages for Business, recently said that the growing availability of mortgages for commercial property could help reinvigorate the UK office market sooner than anticipated.

He argued that the number of deals currently being marketed for office interior space in London could also lead to a rise in the number of office relocations taking place in the city.


]]> Morgan Lovell modern office design contract has been put up for bidding for developers looking to take on property in Rochdale.

Rochdale metropolitan borough council (MBC) has put forward plans for a new modern office design in the town centre as part of plans for the regeneration of the area.

The riverside development is now is need of a firm to carry out the major renovation and office refurbishment work, with a view to have the property completed by 2012.

Roger Ellis, chief executive of Rochdale MBC, said: "These new key projects and developments will undoubtedly have a massive effect on Rochdale and create a town to be proud of and this new office development is a key element of this. The change is starting to happen."

Elsewhere in the region, Royal London Asset Management recently announced the sale of Trafford Park in Manchester to Jolivet Investments.

The 1970s office interior park contains up to 125,000 sq ft of modern office design space and raised £4.7 million for the firm.


]]> Morgan Lovell office interior space for science firms in the area.

The North-West Regional Development Authority (NWDA) put forward £6.75 million for the new building, with the remaining £3.17 million donated by Objective One.

In total, the new four-storey building will offer 38,750 sq ft of modern office design space and will provide a headquarters for the region's knowledge-based businesses.

Mark Hughes, NWDA executive director of economic development, said: "In order to build on its reputation as a growing business location, it is vital that Liverpool maintains a strong portfolio of high-quality office space, particularly in the current economic climate."

Elsewhere in the city, funding for the Mann Island office scheme has been secured by developer CommerzReal.

Once completed, the newly refurbished site will become the base for the office relocation of the Merseyside Integrated Transport Authority.


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The company has secured a deal worth in excess of £1 million to help create office space on one of the city's premier office developments - Piccadilly Place.

As part of the £1.2 billion redevelopment of the area, the Piccadilly Place contract is due for completion sometime next year.

Trevor Wragg, managing director of the Horbury Group, said: "The Piccadilly Place development in the city centre is a key project to transforming Manchester and we are thrilled to be involved in such a high-profile project to add to our increasing portfolio of private sector schemes."

Elsewhere in the city, the owners of Didsbury Point office scheme - Liberty Property Trust - recently announced the appointment of two new letting agents at the development to help boost the uptake of office interior space at the site.

P3 Property Consultants and Knight Frank have replaced Jones Lang Lasalle and Edwards & Co as the main agents for the 238,125 sq ft development.


]]> Morgan Lovell modern office design space have been given the go ahead as part of the overall plans for construction of the London 2012 International Broadcast Centre (IBC) and Main Press Centre (MPC).

The IBC will offer 52,000 sq ft, while the MPC will boast a further 29,000 sq ft of modern office design, where administrative staff, press and other officials can work during the Games.

Sebastian Coe, chair of the London 2012 Organising Committee, said: "This decision marks a significant step towards the provision of the best possible working environment for the 20,000 members of the world's broadcasters, press and photographers in the summer of 2012. "

Meanwhile, the Edinburgh International Conference Centre is set to benefit from some modern office design following ratification of plans to build a 20,000 sq ft extension to the centre at a forecast cost of £85 million.


]]> Morgan Lovell office interior development in Wakefield.

In total, the development will provide 27 acres of office interior space, with separate units ranging in size from 750 to 2,500 sq ft once completion of the second phase of construction is achieved.

Owen Holder, from Knight Frank - appointed agents to market the development alongside Carter Towler - told Property Executive: "This planning approval means there is the opportunity for smaller local businesses to operate efficiently out of new purpose built premises."

Elsewhere in the region, Sheffield Chamber of Commerce has set up a new initiative to attract more businesses to take up office interiors in the city.

The organisation is running schemes at the Omnia One and Quadrant office developments in the city, with flexible lettings available and subsidised rents.


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The work has been proposed by Goodman and Advantage West Midlands, with the 30-acre site in Coventry to be given a full makeover.

A new office interior development will take place - should consent be given by local planning officials - as well as the creation of 82,000 sq m of industrial workspace.

Graham Pardoe from Goodman commented: "This is a major development which has the potential to bring significant economic benefits to Coventry."

Meanwhile, a new £8 million development has been earmarked for Liverpool's city centre.

Irish entrepreneur Ashley Moore has proposed plans for a new 228,000 sq ft grade A office interior building, which if given approval will be the largest single commercial property project in the city for 40 years.


]]> Morgan Lovell modern office design project has been earmarked for Nottingham city centre.

Situated on the site of the old Boots store on Wilford Road, the 0.46-acre site has been granted planning consent for the construction of a new modern office interior building which once completed will offer 100,000 sq ft of office interior space.

Development firm Wilson Bowden purchased the site from Boots Alliance in February and is now in a position to get work underway.

Robert Grafton, Wilson Bowden development director, told This is Nottingham: "We are at an exciting stage of the development process and are keen to see the project come to fruition. We hope to be on site very soon."

Meanwhile, recruitment company Business Connection recently announced the opening of its fourth office building.

Situated in Salford Quays, Manchester, the company plans to use the new office to help out of work individuals in the area find employment.


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Situated in the Blackrock area of the city, Howard Doyle - a lawyer by trade - has invested more than €4.1 million (£3.46 million) into setting up a new serviced office building which he plans to use to offer businesses flexible accommodation.

Mr Doyle commented: "People can rent an office for one day to one year. We provide workstations, phone lines, everything you need to run an office."

Once complete, the building will incorporate in excess of 5,000 sq ft of serviced office interior space and provide 28 separate offices, capable of maintaining 80 workstations.

Elsewhere in Dublin, The Chase - a Sandyford business park - recently announced the letting of 40,000 sq ft of modern office design space to ServiceSource International in the largest single letting deal to take place in the city so far this year.


]]> Morgan Lovell design and build of the Mann Island office scheme in Liverpool has been secured.

CommerzReal has agreed to fund the project which, when completed, will provide the base for the office relocation of the Merseyside Integrated Transport Authority.

The office design is the final part of an ongoing project for the regeneration of Mann Island.

Such a deal indicates that Liverpool is firmly on the property investment map, claims managing director of Neptune Developments Steve Parry. Neptune is partnering Countryside properties on the project.

Head of acquisitions at CommerzReal Hans-Joachim Kuehl said: "We have a long track record of development in the UK and are delighted to again be able to forward fund such a quality scheme."

He added that the finished project is likely to "look great".

Mann Island, situated between Albert Dock and Pier head, is home to a World Heritage Site and will also feature the new Liverpool museum.


]]> Morgan Lovell office interior to help people in the area find work.

This new development will be the organisation's fourth office opening in the north-west, after offices were opened in Liverpool and Wrexham.

Situated at Exchange Quay in Salford Quays, the Manchester office will concentrate on the commercial, sales, purchasing and supply chain sectors.

Kirsty Craig, chief executive of Business Connection, said: "Our continued expansion will further increase our pool of candidates across the region massively, which will be a great benefit to our clients and will help provide Manchester-based job-seekers with a greater choice of job vacancies."

Elsewhere in the city, Liberty Property Trust - the owner of Didsbury Point - recently announced that the development has taken on two new lettings agents in order to boost office interior uptake.

Agents P3 Property Consultants and Knight Frank have taken over from Jones Lang Lasalle and Edwards & Co in managing the site.


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Evans Business Centre was officially opened on Friday (June 5th) by local council officials.

The office development offers 23 separate office interior spaces and 25 workshops, facilities which have already proven popular with local businesses in the area - with a third of the site already let.

Development of the centre is believed to have cost Evans up to £4 million.

Tom Stokes, the company's managing director, said: "Evans Easyspace has a proven record of achievement and we are very proud to be meeting the needs of businesses here in Caerphilly, where we know there is a shortage of flexible space."

Elsewhere in Wales, Callaghan Square in Cardiff has been approved for a £160 million office refurbishment.

The structure is to be created in the heart of the city and once completed will offer in excess of 500,000 sq ft of modern office interior space.


]]> Morgan Lovell office interior space if it is to continue to attract blue chip companies to the area, it has been argued.

Office industry news portal Choregus has stated that the city is in danger of falling behind its rivals - such as London, Manchester and Birmingham - in developing prime office real estate to give the biggest multinational companies an impetus to move to the area.

The portal made the claim despite the recent letting of more than 200,0000 sq ft at Liverpool's Capital building to the Borders Agency, a property which had previously been owned by Sun Alliance prior to its £51 million sale last year.

Meanwhile, Strand House - situated in the city's waterfront area - is offering cut-price office accommodation to companies looking to relocate to the area.

The building presently offers more than 20,000 sq ft of grade A office interior spread out over three floors, all with fine views of the Mersey, LDP Business reported.


]]> Morgan Lovell office interior space, it has been revealed.

Property Week has reported that the £85 million extension to the facilities have been given planning permission by local council officials, who are keen to see the centre fulfil its full potential as an international venue for business.

EICC board member and leader of the City of Edinburgh council, councillor Jenny Dawe told the publication: "Extra space at the EICC is essential for Edinburgh to retain and enhance its business tourism reputation and to bring more world-class conferences and events to the city."

Meanwhile, Scottish Architecture recently reported that a new sustainable design paper has been launched in the country which aims to promote green building practices for new commercial properties - such as office interior spaces - and residential buildings.


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Office news portal Choregus has reported that the project will cover more than seven hectares and will be spread across two buildings - the tallest of which will reach 134 m.

Modern office design for the building was carried out by Kohn Pedersen Fox, the same company which was praised for its work on the Clifford Chance building, which is also situated in the Docklands area.

Elsewhere in the capital, London mayor Boris Johnson recently extended his Think London scheme in an effort to attract high-profile businesses to the UK.

As part of his ongoing plans to stimulate London's economic recovery, he is offering overseas companies subsidised rents for up to six months if they take on office interior space in the capital.


]]> Morgan Lovell office interior development in Liverpool, which will become the largest new office setup in the city for 40 years.

LDP Business has reported that a site in Pall Mall has been earmarked for the new construction, which once completed will offer 228,000 sq ft of grade A office interior space.

Mr Moore told the newspaper: "You could say this demonstrates just what confidence we have in Liverpool. It needs a proposition on this scale to be able to compete at the highest level."

Elsewhere in the city, the paper recently reported that the grade II-listed Port of Liverpool building is to undergo an office refurbishment in the coming months at a cost of more than £10 million.

Once completed, the project will create an additional 20,000 sq ft of office interior space at the site.


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The office interior plans have been put forward for council approval, which is due to be announced in July. If successful, the plans will outline the development of a new landmark property on Miller Street, which will benefit from modern office design and a number of sustainable design features.

Co-op Group chief executive Peter Marks said: "The Co-operative Group was born and raised in Manchester.

"Our decision to build our new headquarters here is another clear sign of the renaissance of our business and our confidence in the future."

Elsewhere in the city, One First Street in Manchester centre was recently awarded a BREEAM rating of Excellent for its sustainable design features.

Building owner Ask Developments completed the office interior complex last year which presently offers 178,500 sq ft of modern office space at the site, Crain's Manchester Business reported.


]]> Morgan Lovell office interior venture in Bolton.

Office industry portal Choregus has reported that the company has opened its Evans Business Centre on Manchester Road, which in total has the capacity to house just over 200 employees, alongside a number of storage and workshop areas.

Dr Brian Iddon, Bolton South East MP, praised the firm at the opening ceremony of the development, noting his delight that Evans has shown continued support for the district.

Tom Stokes, Evans Easyspace managing director, said: "We turned the old building into a shell and rebuilt it. Now it's effectively a new building."

Meanwhile, office interior letting agent DTZ recently reported that business in the region has remained strong despite the effects of the economic downturn.

The firm noted that in Liverpool in particular, a number of high-profile office developments have seen increased levels of interest, including 20 Chapel Street and St Paul's Square.


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The deal saw the 103,682 sq ft office interior building sell for a reported £13.6 million and it has now been let on a 20-year lease to Guardian Assurance.

It is believed that annual rental income from the property could top £1 million.

Mark Rawstron, capital markets director at GVA Grimley - which advised Landmarq on the deal - told Crain's Manchester Business: "This is ideal stock for the current market, offering bond-like security of income, with guaranteed performance. Landmarq views this type of asset as excellent wealth preservation stock."

Elsewhere in the region, the newspaper recently reported that One First Street in Manchester has been awarded a BREEAM rating of Excellent.

Ask Developments - the owner of the office interior building - installed a number of sustainable design features at the development, including a green roof and walls and a water-cooled VRF air conditioning system.


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Callaghan Square is to become the largest office estate in the city and will create 500,000 sq ft of modern office interior space, which is to be spread out over six new towers.

Council officials gave consent to the development which is to take place on a brownfield site in Butetown.

However, councillor Richard Foley commented: "We have really missed the boat here. This is a site where we could have had a real statement of a building, it is the full stop to St Mary Street."

Elsewhere in the city, global accountancy firm Deloitte recently announced that it is to move its head office to 5 Callaghan Square.

The office relocation will see the company take up 54,000 sq ft of office interior space and will act as a base for expansion for the firm.


]]> Morgan Lovell office interior building Leeds Gateway has completed its second phase of development.

Property Executive has reported that the £150 million project has yielded a further 25,000 sq ft of grade A office interior space at the site, more than doubling the capacity of the development.

Existing tenants at the property - which is owned and run by Scotfield - include Breast Cancer Haven and Scotfield's own head offices.

Stephen Holman, development director at Scotfield, told the magazine: "We are confident that other businesses joining us at The Gateway will appreciate the dual benefits this location offers, especially during rush hour periods."

Meanwhile, Yorkshire-based property developer Bracken Developments recently announced that its Calls Wharf office interior development in Leeds is now 96 per cent full.

At present, 22 local businesses are housed at the facility and despite the recession, the firm noted that enquiries for its small to medium-sized office interior space remain strong.


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Earmarked for construction in an area close to Piccadilly station, the new 700,000 sq ft office interior complex would house government departments and thousands of civil servants.

If plans go ahead, the government has stated that the office building could be ready for use by 2014.

"The decision by government departments to fund a feasibility study for locating its major new hub in Manchester is great news ... potentially creating thousands of jobs at a critical time," commented Colin Sinclair, chief executive of MIDAS - Manchester's inward investment agency.

Elsewhere in the city, Crain's Manchester Business recently reported that a number of firms have announced plans for office relocations to the area.

Regeneration company GM Procure and voluntary youth sector organisation Rathbone Training have both unveiled plans to move into office interior accommodation at Trafford House, on Chester Road.


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The easyOffice brand was launched approximately 18 months ago and provides contemporary office design surroundings for companies to work in.

A no-frills approach is the basis of the easyOffice brand and as such, occupiers are given the option of space-only rentals or further optional extras, such as secretarial support.
EasyOffice chief executive Mark Smith said: "When carrying out market research, we found that many people in the area could benefit from serviced, low-cost office space."

Meanwhile, television broadcaster BSkyB recently unveiled plans for its new office and studio complex in London which will make use of the most up to date sustainable design strategies to deliver 35 per cent energy reduction once completed.

The £233 million project will employ 80ft-tall chimneys to drive turbines which will provide 90 per cent of the power required for lighting in the building and also deliver natural ventilation.


]]> Morgan Lovell office interior complex in Cornwall is nearing completion following the first phase of development which got underway last year.

Cornwall Seaway News has reported that the new multi-million pound development called Dominion Place is on schedule for completion later this year with occupancy starting some time in 2010.

It is to benefit from a number of sustainable design features which will provide the finished structure with Leadership in Energy and Environmental Design -LEED - accreditation as a sustainable office building.

Ron Chenier, owner of the site, commented: "All foundations and pilings are in place ... the cement work is pretty well done and services are in.

"It'll come out of the ground now pretty quickly."

Meanwhile, Chancellor of the Exchequer Alistair Darling announced a £1 billion fund for promoting sustainable design in the UK as part of his Budget on Wednesday (April 22nd).

The Chancellor noted that this boost to sustainable construction will help pave the way for greener office interiors in the future and help the UK reduce its overall carbon footprint.


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Millbank Island - the present office accommodation for the House of Lords - was purchased for £65 million in 2005 and plans are now underway for a complete overhaul of the property in order to create more space for peers to work.

Planning documents have shown that the premises will also benefit from the creation of a large e-library and an onsite restaurant.

Lord Brabazon, chairman of the administration and works committee, said: "If the size of the House is reduced to 400 people who are elected or partially elected, they will all have researchers, secretaries and ... there will probably be a demand for more space rather than less."

Meanwhile, a new £50 million office development has been earmarked for Liverpool city centre.

Once completed, West Bay Capital hopes to attract government offices to the north-west and out of the capital.


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