ian

Charles Fifield FRICS is our RICS Registered Valuer.

All RICS registered valuers are regulated to international valuation standards which means they work to a consistent standard throughout the world.  To ensure the best practice, RICS registered valuers and their firms are subject to professional, independent regulation.

RICS registered valuers have access to the latest data and are experts in their fields in providing clear reports based on diligent investigations, market commentary and analysis.  http://www.rics.org/vrsbrochure

 

Allsop’s February auction produced a success rate of 70% compared with 80% in December

In October Allsop commented that confidence among seasoned investors appeared to be waning, whilst demand from new investors had increased. This is a trend which appears to be continuing as Allsop estimated 80% of this month’s sales were to new investors, with one bank achieveing almost exactly the same price as it had at the top of the market in July 2007 – perhaps the ‘old hands’ are anticipating an increase in interest rates later in the year.

In terms of price, the average price/yield on 10 bank investments was £991,500 & 5.94% compared with £691,321 & 5.45% in December, whilst the sale of more secondary lots was ‘increasingly challenging’.

Edward Fifield, Director of Fifield Glyn Chartered Surveyors in London & Cheshire, has kicked off his New Years resolution with a bang by entering this years Cholmondeley Triathlon on Sunday June 19th 2011!

 

All proceeds raised will go to the Neuro Muscular Centre, Winsford, which that provides physiotherapy and support to people with muscular dystrophy, a charity close to Edwards heart.

 

 For more information click on the Neuro Muscular Centre www.nmcentre.com

 

 

It is with deep sadness that Fifield Glyn announced that Chris died on Monday, 24th January after a short illness. He was in his early 70’s and had been in a wheelchair for over 40 years following a swimming accident in Australia.

Chris was highly regarded throughout his professional career and whilst he was involved in many major property deals he probably thought his build up from zero to about £100 million in Providence Capital Property Fund was his greatest – it certainly put Fifield Glyn on “the map” and for that we are eternally grateful.

Chris was a family man with 4 children and a keen sportsman, particularly horse racing. In 1980 he had a “runner” in the Grand National and he himself rode the course as an amateur in the Foxhunter Chase a few years before his accident

Chris will be sadly missed by all of us who had the privilege of counting him amongst our friends.

 

Rod Welfare announced today that Fifield Glyn has bought a majority shareholding in Spencer Lewis of Battersea, London SW11 who are a specialist residential block management firm looking after 44 buildings with 660 apartments in Belgravia, Knightsbridge, Kensington, Chelsea and Battersea. Fifield Glyn already has some residential block management and is keen to expand further into the sector which they see as a growth area.

For more information see www.spencerlewis.co.uk

 

Allsop reported an 80% success rate in the room for their December auction, the highest rate since May. Once again retail, London based property and long dated income produced the most competitive bidding. 14 Bank investments were sold with an average lot size of approximately £690,000 with 5.46% yield compared with £912,000 and 5.47% in October.

Cheshire Community Action have relocated their Head Office from Chester to No. 3 Royal Mews, Gadbrook Park. CCA is a local charity that provides funding and advice and support for projects designed to protect and enhance the rural and increasingly urban communities of Cheshire.

 

They are taking a new lease of No. 3 Royal Mews for a term of 5 years at a rental of £21,000 per annum. Richard Smith of Chartered Surveyors, Fifield Glyn, who advised the Landlords jointly with Sanderson Weatherall, commented:  “This letting is obviously good news for Gadbrook Park in what are extremely difficult market conditions, but underlines that deals can still be negotiated for quality offices.”

 

The Gadbrook Park BID is pleased to announce that Jaci Nolan from Swift Helphire has won a £25 Marks and Spencer Voucher through the Gadbrook Park National Liftshare Week Prize Draw. National Liftshare Week took place from 4th – 8th October 2010, all employees who work on Gadbrook Park were invited to join the liftshare scheme, with free entry into a Prize Draw which was drawn by Mr John Fifield, Chairman of the Gadbrook Park Executive Board.

Liftshare is when two or more people share a journey and travel together to work. It allows people to benefit from the convenience of the car whilst saving money by reducing mileage and petrol costs, alleviating parking problems, congestion and pollution. Jaci has made several contacts through the Gadbrook Park Liftshare scheme and car shares regularly. You too could be enjoying the benefits of car sharing, all you need to do is sign up, it is free to join to all Gadbrook Park employees. Just visit www.gadbrookpark.com and click on the liftshare icon and start car sharing today!

 

 

Come and enjoy a magical evening at The Belle époque Knutsford in aid of The Christie Hospital, Manchester on Thursday 9th December 2010.

Your evening will start at 7:30pm where you will be greeted with a sparkling reception drink and a delicious selection of canapés, accompanied by a sumptuous live soundtrack. Enjoy a mouth-watering two course meal followed by a charity raffle with some fabulous prizes and then an evening of music where you can dance the night away.

Tickets for this exclusive event are £39.95 with 100% of profits benefiting the Christie Hospital. All funds raised will be split equally between Melanoma Research, and the Derek Crowther Clinical Trials Unit.

To purchase tickets please contact Vivien Elliott on 07775 547474 or Amy Hampton on 07896 233664.

Download poster

Allsop’s October Auction produced a success rate of 72%, which compared to 52% for Acuitus and 56% foer Cushman and Wakefield a few days later. Allsop commented that, whilst there were a number of new investors in the room seeking to buy long dated income with cash deposits, the general level of confidence amongst other investors and their banks was less than it had been earlier in the year. Bearing in mind the timing of the auction relative to the announcement of the Coalition’s spending review, it is not surprising quality of income and location were of greate interest to investors.

19 Bank investments were sold, reflecting an average lot size of £912,368 and initial yield 5.47%compared with £786,400 and 5.54% in July.
6 Lloyds Banks achieved yields below 5%, but 5 failed to sell at yields of circa 6.5%.

Interestingly, 2 new Tesco Express investments in Bristol and Barlow Moor Road, Chorlton and  failed to sell at 6.8% and 6.5% whilst a similar investment in Grays Essex did not sell at 7% in the Acuitus auction.