21Jul 2011 by David Ajsose

Interview with Richard Priestly MD of Exeid.com following the recent acquisition of St Nicholas Court a Commercial Office Property on Castle Gate Nottingham.

Commercial Property, Exeid News, Nottingham, Office space, Property Purchase, serviced office space
Six months on and we revisit Exeid.com and their latest office acquisition St Nicholas Court 25 to 27 Castle Gate, Nottingham. We talked with Managing Director Richard Priestley: So Richard, you acquired this building in the thick of what has been described as the most difficult trading conditions for 70 years in the commercial property sector. Was that a foolhardy or smart move and why? To be fair it was almost a bit of both. The property was first identified as a target by our CEO a few of years back. Basically, it was approximately 60% vacant but at that time the  requirement to pay “empty rates liability” had not kicked in so the price tag, whilst much higher than what was eventually paid, was almost justified. So why wasn’t…
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06Apr 2011 by David Ajsose

Commercial property UK – a 3 year view.

20 Fletcher Gate News, Commercial Property, Landlords, Property Purchase, serviced office space
David Ajose CEO of Exeid, the rapidly expanding boutique commercial property consultancy commented on the recent changes in empty rates liability and the further impact of interest rates on the Commercial Property Market.  "We expect interest rates to firm up in Q3 this year adding more pressure on any highly geared property investments. This combined with empty  rates liability charges will mean that the commercial property market will be under pressure for the next two years at least. We think that the market will be no further on, in two years time than it is today. Then we believe that things will begin to improve slowly, towards the end of 2013 and into 2014". Although this may sound a little depressing  to some, David thinks that  anyone with a long term…
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