Posts Tagged ‘Property’

The Farrell Review: Chief Architect or Chief Surveyor

Thursday, April 3rd, 2014

A problem for the built environment in the UK is that both the masterplanners and thought leaders are architects. I don’t think it is possible to stop architects being thought leaders and my world would be a duller place without them. But who is taking the lead from their thoughts? The idea that a Chief Architect to centralise that which must be local is extraordinary. (more…)

The Evolution of Value is the Evolution of Catchment

Friday, February 28th, 2014

The extent of any property occupiers’ use of infrastructure is determined by the catchment of that occupier.

The catchment of an internet business such as Amazon, is in theory infinite, although each building’s actual catchment and therefore infrastructure use will be defined by the business operation. The catchment can be usefully compared with that of an out of town shopping centre, or an Argos “click and collect” store. All three being greater than that of a ‘bricks only’ high street shop. Catchment is relevant to any customer, resident, or business and will determine the value to any occupier of their building occupation. (more…)

Asset Management “Best Use” of Government not Development Management

Friday, February 28th, 2014

Successful businesses like Amazon exploit opportunity, which means they deliver outputs that are valued. The role of government is to provide the framework for that success.   To enable that with land use and property, government needs to provide a framework that is fit for purpose. This stewardship needs to reflect the long term impact, funding requirement and interrelationship of the many aspects of the built environment. Topically, particularly true if it is also to capture the appropriate tax rate. (more…)

Jonathan Naughton response to Mark Prisk

Friday, January 31st, 2014


Your opinion piece for Property Week (24 January) raises some interesting questions about how taxation of property could evolve from the current rating system.

You asked what is the difference in activity between a warehouse operated by Amazon and a “click and collect” store run by Argos? (more…)

Mark Prisk – Fifty-year-old rating system is showing its age

Friday, January 24th, 2014

Original article can be found on the Property Week website here

Being a fixed overhead, business rates don’t reflect the changing fortunes of a company. So when there’s a downturn, the rates bill bites even harder.

However, for government — central and local — this makes business rates attractive. While other tax revenues rise and fall with the economy, business rates provide the public sector with a steady flow of revenue — currently £26bn. So all governments are very wary of tinkering with the system. (more…)

Foreword to Locational Investment Report

Monday, May 28th, 2012

Location, location, location; as relevant to governments and

their investment plans as it is to the most informed private

investment bodies

What should be built, when, where and why to ensure the responsible use of limited UK public resources? How can investment in the infrastructure necessary to enable sustainable settlement growth be targeted locationally?

Global economic realities must shape Government investment decisions by location. Assumptions based on the inertia of historic land use need to be understood for what they are. Radically different engines of growth, business linkages and economic outcomes will require location specific infrastructure investment if sustainable growth is to be secured in each region. (more…)