Monthly Archives: February 2012

As an aggressive professional property investor both in the UK and the Channel Islands, I have a substantial residential and commercial portfolio, and as such I need a no nonsense turnkey approach from my advisors. The mortgage market is changing daily I need to be sure that I can trust the advice I receive is up the minute. I also need a firm that can take a deal through to completion no matter what complications are encountered along the way. Tim and his team at park gate are my first choice and I’m confident they should be yours too.

Whiteley Shoppong Centre – Designed by architect Corstophine and Wright, Whiteley Shopping Centre will serve a large and affluent catchment of 1.2 million people with an estimated £3.1 billion of potential spend. The catchment is set to expand further in the foreseeable future with 3,000 new homes at North Whiteley

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The development will allow the transformation of the existing scheme into a significant shopping centre destination, featuring contemporary shop units with double height glazing and oak panels centred around a new town square. Situated between the two harbour cities of Portsmouth and Southampton, and adjacent to an existing Tesco supermarket, the scheme benefits from excellent accessibility via Junction 9 of the M27.

Main construction work is scheduled to begin on site in early 2012 and completion is projected for spring 2013.

The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to increase the size of its asset purchase programme, financed by the issuance of central bank reserves, by £50 billion to a total of £325 billion.

In a November’s Mortgage magazine over half of mortgage advisers polled said they expected the base rate to stay at 0.5% until 2014 or longer as the global economic outlook darkens, while 34% said they expect an increase in 2013.

Last month the Centre for Economics and Business Research (CEBR) predicted interest rates to stay at 0.5% until 2016. Its other forecasts included inflation falling to 1.7% by Q4 and to remain around 2% thereafter, and for quantitative easing to increase to a total of £400bn over 2012.

The designer outlet shopping centre has now been fully demolished and work is due to start on the new “Contemporary design” featuring double height glazing and oak panels and making use of natural materials.

There are 50 units planned and currently around half have been pre-let. Some of the companies lined up to fill the new centre include H&M, JD Sports, Boots, Frankie & Benny’s and Starbucks. Along with retail giants Next and Marks & Spencer.