Gerald Eve

2025/26 business rates – Are you prepared? From England’s inflation-linked increase to the standard multiplier and reduction in retail, hospitality, leisure relief from 75% to 40%, through Scotland’s targeted hospitality relief and Wales’s increased multiplier, business rates liabilities are set to change once again and it’s time to prepare. Use our guide below for a quick reference on the changes. As well as the immediate changes, the Government’s introduction of the Transforming Business Rates proposals looks to keep evolving the business rates landscape - and with that comes uncertainty for businesses. Key proposals include: - New lower multipliers for retail, hospitality, and leisure in England - Changes impacting higher-valued properties - Modifications in relief schemes across England, Scotland, and Wales - Revisiting empty property relief - Greater transparency and information sharing Read more about how these changes could affect you: https://okt.to/yoXxBS Simon Green #BusinessRates #UKBudget #PropertyInvestment #RealEstateUpdates #UKPropertyMarket

Harriet Bantock has joined our Capital Markets team in London to focus on student accommodation after 7 years at Cushman & Wakefield. At Gerald Eve, she will focus on PBSA transactions in the UK and Europe with key recent transactions including the sale of Scape Dublin and over €600m transacted in Spain and Ireland including standing investments and forward purchases. Welcome to the team Harriet!

On behalf of Howard De Walden, we are delighted to welcome Brummer & Partners to the third & fourth floors at The Pulman, 20 Thayer Street. Only the first floor remains with 5,600 sq ft of CAT A space available. For more information please contact Rhodri Phillips or James Lunn or find more details here https://lnkd.in/diC_8ntM

In January, we will be hosting the British Property Federation presentation and panel discussion looking at The Social Impact of Build to Rent: Quality of Life Foundation Report Launch. Join us at One Fitzroy on 21st January from 4:30pm- 7:30pm. Reserve your place at the event here: https://okt.to/9LK45e Bobby Barnett

Julia Chowings shortlisted in the West Midlands Leadership Awards 2025 Head of our Birmingham office, Julia has been named as a finalist in the Property Leader of the Year category at TheBusinessDesk.com’s West Midlands Leadership Awards. Good luck to all finalists!

Lease or own commercial property in Wales? The Draft Welsh Budget for 2025/26 released this week introduces several changes affecting businesses: - A cap on the non-domestic rates multiplier - No new transitional relief - Permanent relief now available for childcare premises While relief measures continue for the retail, leisure and hospitality sector, future challenges may arise due to capped benefits and potential discontinuation of the scheme. Discover more about these updates and what they mean for your business:https://okt.to/Pujomd #WelshBudget #BusinessRates #PropertyTax #CommercialRealEstate #UKPropertyMarket Helen Edwards

Our Education team advise the Sinclair family on the sale of Finborough School near Stowmarket to Forfar Education Ltd. This acquisition is a significant step for Forfar Education as it continues to expand its portfolio of outstanding educational institutions. For strategic property solutions, our specialist teams are on hand to answer your questions. James Orr

Update: Scottish Budget 2025/26: Business Rates Key Updates The Draft Scottish Budget delivers mixed news for businesses: - a freeze on the small UBR multiplier - inflation-linked hikes for medium and large properties - continued disparities with England due to the large business supplement Relief schemes offer some respite, but challenges remain, especially for large businesses. Read more: https://okt.to/IRqXcY #ScottishBudget #BusinessRates #PropertyTax #CRE #CommercialProperty Barry McEwan, Sarah Howie, Barry Grant, Tom Reynolds, and Gary Williamson

Kadans secure another prime life science opportunity Our Life Sciences and Capital Markets team advised Kadans Science Partner on the acquisition of this prime life sciences development opportunity in central Manchester from Manchester City Council. The site is directly opposite the Henry Royce Institute, Alan Turing Building and the wider Manchester University campus. Consent has been secured for a 215,000 sq ft lab/office scheme over ground and seven floors and forms part of the £450m Upper Brook Street redevelopment, which includes a further 475,000 sq ft of life science employment space in latter phases of the regeneration programme. Kadans will begin development in early 2025, with completion targeted by 2027. Floorplates will average around 35,000 sq ft and are flexible and adaptable for bespoke occupier requirements. https://okt.to/TzxfD1 #uklifesciences #manchesterscience

Jerry Schurder, our Business Rates Policy Lead spoke to Oliver Shah, guest writer at Green Street News, about Labour’s progress on changes to the business rates system. He explains, “We’ve gone from replacing business rates, to reforming business rates, to tinkering with the system and making it more expensive and more complex.” Read the article in full here: https://okt.to/wQ4osC