When is rent not rent?

The Court of Appeal has ruled that payments of rent under a tenancy granted by the beneficial, rather than the legal, owner of land are not payments of “rent” within the meaning of the overriding interest provisions of para (g) of section 70(1) of the Land Registration Act 1925.

De Vere optimistic as sales spark upwards

Leisure group De Vere today showed how trading conditions were continuing to improve after posting a spark in half-year sales. De Vere was already feeling the pinch of the global downturn when 11 September caused tourism and business travel to slump.

Regional variations in CBI’s business confidence data

Manufacturers across the UK believe the worst of the recession is now behind them, research out today showed. According to the latest CBI/Business Strategies quarterly Regional Trends Survey, business confidence in most areas has risen for the first time in more than two years.

Office rents slide as global depression worsens

The global economic downturn has depressed prime office rents across the world, according to Insignia’s latest World Office Rents survey. Rents fell in most cities surveyed in the second half of 2001, as Europe and Asia followed North American office markets downwards.

Bruntwood to expand with office outsourcing plans

Manchester-based Bruntwood Developments is to expand into national office outsourcing. The private property company, which already dominates the Manchester office market, is understood to have been in talks about a multi-million-pound contract to provide a nationwide outsourcing service.