News

• Modernising empty property relief
• Lyons Review proposes reform of business rates
• Property health check launched
• Midas and Cass Business School research project
• Launch of Scottish Property Federation
• Mayor offers land bank to break planning deadlock in London

Case Studies

Seeking a cheap property service or investing in an accommodation strategy?

Midas was recently in discussions with a global financial services company based in London which has a long-term problem of expansion space whilst sub-letting space within its HQ. We advised the company to focus on addressing the underlying issue with their existing property, rather than search for new premises.
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Leader

Welcome to the Spring 2007 edition of 'The Midas Touch', the quarterly newsletter of Midas Corporate Consulting, the market-leading business property consultancy.

We are in the process of forwarding our business development plans for 2007/8. Our goal is to make a significant and lasting positive impact to the way that organisations consider and use property both in the UK and worldwide.

We have reviewed our mission statement and our range of services to ensure that we increase our clients' performance by providing high-value services to allow for the strategic use of property, its delivery, management and disposal. Key to this will be access to information and resources to provide sustainable, quality working environments that best serve the needs of our clients´ and their stakeholders.

With these objectives in mind, this issue covers two new services that Midas is launching.
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Best regards,
Andrew Pegg
Managing Director

Viewpoint

Panning for gold - developing a corporate property strategy

By Andrew Pegg, Midas Managing Director

In 1849, when the west was still young and wild, immigrants from all over the world rushed to California. Their goal was clear - to search for valuable gold dust in the hills and streams far away.

Today, property is a considered an increasingly valuable commodity from professional investors and prospectors alike seeking to make above normal returns in unusual market conditions.

There is increasing pressure from City-based advisers to seek out and extract the best value for companies with a perceived land bank. M&S and Sainsbury's are recent cases in point, looking to extract "value" through sale and lease backs which may hamstring a company's future performance down stream.
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Competition

Competition winner:
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Best Practice

Professional Competence

Andrew Pegg has been selected for training to become a Chairman on RICS Assessment of Professional Competence (APC) panels alongside Julian Capell.
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Online Hosting

Midas is moving to online hosting to provide its clients with greater access and exchange of information about their specific business property issues.
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Commercial Lease Code

Commercial landlords are being asked to pledge their support for the amended commercial lease code, and adjust their standard lease terms so they are code-compliant.
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