Property & Construction News - July

Businesses can apply to remove Land Use Restrictions that limit competition against Supermarkets

Businesses can apply to the OFT for removal of land use restrictions limiting competition against any of the UK's seven largest grocery retailers. This measure is to help consumers take advantage of increased local competition.

The OFT will be able to test the level of grocery competition in a local area when an application is made. The stores affected include:

  • Asda Stores Limited,
  • Co-operative Group Limited,
  • Marks and Spencer plc,
  • Wm Morrison Supermarkets plc,
  • J Sainsbury plc,
  • Tesco plc, and
  • Waitrose.

This follows the Groceries Market Investigation (ControlledLand) Order made by the Competition Commission (CC) in 2010 which was made after the CC discovered certain restrictive covenants and exclusivity arrangements could protect supermarkets from local competition from rival grocery outlets.

The OFT press release can be read here.

For further details of the procedure, how it will operate and how businesses can apply, click here.

Price falls trend reversed

Buyer confidence saw Scotland’s new homes market outperform the rest of the UK in April, with the average price of a new home increasing 4.9% over the month, reversing the recent trend for monthly price falls, says SmartNewHomes.

http://www.montrosereview.co.uk/community/property-news/price-falls-trend-reversed-1-2353480 

[LINK]

http://www.montrosereview.co.uk/news/property-news/price-falls-trend-reversed-1-2353480

Forth Replacement Crossing starts to take shape

CONSTRUCTION of Scotland’s biggest project for a generation is under way, with a giant steel cylinder being floated into position as part of the foundations of the £1.6 billion Forth Replacement Crossing.

Student study highlights landlord opportunities

Target markets where demand for student housing is growing are highlighted in a new specialist property report. Cities where demand is at the highest are in Lancashire and Scotland, according to analysis by property consultants Savills.

Scottish house prices on the rise for second month in a row

HOUSE prices have risen for a second successive month, returning them to the level they were at five years ago, according to a new report.

Number of retail chain stores up in first quarter

The number of shop branches held by multiple retailers has continued to rise in the first quarter of 2012 despite the recent spate of administrations, according to a study by CBRE

New Scottish association to fight subbie bashing

New Scottish association to fight subbie bashing. Late payment hampers recovery for specialists. A new trade association to protect specialist contractors in Scotland is being launched today. Specialist Engineering Contracting Group Scotland (SEC Group Scotland) is being set up to represent the interests of subcontractors, to lobby against procurement methods and tendering procedures that hurt trade contractors.

Standardised retail lease: landlords' plans to fill empty shops

LandSecs, Westfield and Prupim among big guns launching standardised lease to help to fill empty shops.