NovaLoca Blog https://www.novaloca.com/blog Commercial property news, tips and advice for business owners and occupiers Fri, 24 Sep 2021 13:38:29 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.18 New ‘work-and-life-hub being developed in the heart of the Hampshire  https://www.novaloca.com/blog/index.php/2021/09/24/new-work-life-hub-developed-heart-hampshire/ https://www.novaloca.com/blog/index.php/2021/09/24/new-work-life-hub-developed-heart-hampshire/#respond Fri, 24 Sep 2021 13:38:29 +0000 https://www.novaloca.com/blog/?p=10914 Nella Pang from Omega RE shares details on an exciting new ‘work-and-life-hub being developed in the heart of the Hampshire  GU30 is an extraordinary office workplace designed to power your productivity. We have been working behind the scenes to create the best environment for you and we’re happy to share it with you.” GU30, Lynchborough Road, Liphook, GU30 7SB FOR SALE OR TO LET 5,000- 62,500 Sq Ft  6 Acre Development Key Points A place for businesses to form, scale and grow. Easy access to the A3 A tailor-made environment for your progressive modern business Designed to promote productivity and wellbeing Development opportunity We are now at a stage where we are finalising everyone’s interest for the exciting GU30 scheme, Liphook. We are requesting for all Heads of Terms to be submitted by the end of September stating what space they want and at what level everyone is at. More and more businesses want to be in a rural location. So why don’t you? Link to full video version: https://www.youtube.com/watch?v=0yD09_ZGHX0 Link to the property listing: https://omega.search-prop.com/properties/62923-gu30-lynchborough-road-liphook

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Curchod & Co’s Nick Reeve talks about the commercial property market recovery https://www.novaloca.com/blog/index.php/2021/09/24/curchod-cos-nick-reeve-talks-commercial-property-market-recovery/ https://www.novaloca.com/blog/index.php/2021/09/24/curchod-cos-nick-reeve-talks-commercial-property-market-recovery/#respond Fri, 24 Sep 2021 13:37:40 +0000 https://www.novaloca.com/blog/?p=10910 Curchod & Co’s Nick Reeve talks about the market recovery and expanding the business during the pandemic  With the onset of the pandemic and an unprecedented national lockdown, 2020 was an incredibly challenging time for the commercial property market, both nationally and locally. Back in March 2020, as we were all told to stay at home, transactions, with a few exceptions, ground to a halt almost overnight. While the transaction markets have now recovered to a greater or lesser degree, Covid-19 has brought about changes that will continue to impact the market for many years. The way we work and our relationship with the office has changed. The way we shop has also changed over the last 18 months, with an acceleration of online retail resulting in a surge of demand for logistics properties. As an industry, the commercial property market has always been adaptable and had an ability to adapt and react to the changes in the occupational demands of businesses. I am sure that as an industry we will, once again, rise to this challenge. During the most difficult months of the pandemic, the Curchod & Co team took stock of the situation and gave much time and energy looking at how we should respond to the unfolding situation and consider how the business would be best placed to rise to this challenge and the inevitable opportunities that would be presented to us across the South East as the country emerged from lockdown. With existing offices in Weybridge, Woking, Farnham and Camberley, we decided to look at expanding our operation further afield in the south-east and began a discussion with a friendly rival, London Clancy. The London Clancy brand and reputation is well known across Hampshire, and beyond, and while the two businesses had a slight geographic overlap in terms of the local towns and markets that are covered, London Clancy’s offices in Basingstoke, Camberley and Winchester meant that the team’s area of operation stretched further west to include other key business locations such as Andover and provided coverage in the A303 and A34 markets of Hampshire and West Berkshire. We saw an opportunity to bring the two businesses together to provide clients across the region, from the south coast to London, with greater market exposure and the experience of an enlarged team of recognised experts. A deal was agreed, and in April 2021 Curchod & Co announced the acquisition of London Clancy, bringing together two of the best-known names in central-southern England’s commercial real estate market. Since then, we have seen the easing of the Covid-19 restrictions and the two firms have reported a significant increase in market activity.  Enquiries and viewings have been increasing daily, and our websites have been showing an increase in traffic, month on month. As the economy has begun to emerge from lockdown, the industrial and distribution sector has been the strongest market sector, with the enlarged team seeing a marked increase in activity up and down the south-western corridor. In the... Read more

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STAFFORD PERKINS – The Office Market is Not Dead https://www.novaloca.com/blog/index.php/2021/09/24/stafford-perkins-office-market-not-dead/ https://www.novaloca.com/blog/index.php/2021/09/24/stafford-perkins-office-market-not-dead/#respond Fri, 24 Sep 2021 13:36:49 +0000 https://www.novaloca.com/blog/?p=10904 Richard Stafford reports on office space demand market in the South East of the UK  Whilst the national press seems to be forecasting the demise of the normal office working environment, the property press and our own experiences are proving, satisfactorily, that the requirement for office space remains strong, and whilst there may be alterations in the way in which some people work and take advantage of virtual meetings, and the like, the requirement for a physical office presence is still paramount to the ethos and culture of many businesses, and indeed forms the heart and soul of their organisation,  Where else does the Office Junior learn the ropes, or the office Romance take place ? Stafford Perkins have been successful in allowing one client to reconfigure their office environment by assigning the remaining seven years of a lease, on nearly 10,500 sq.ft. top quality accommodation, just off Junction 9 of the M20 here in Ashford. Not only did this save our client over £1.5m, we also managed to obtain a three-figure premium from the incoming assignee – proof that there is still demand for large areas of good quality office space. It is not just large amounts of accommodation of this size – demand is strong right across the spectrum from 500 sq.ft. upwards……. providing the basics are there in terms of decent broadband connectivity, reasonable-quality accommodation and car parking,….. then the tenants are out there. ‘The office market is dead,… long live the office market’

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Brighton and Sussex Property Market has Prospered https://www.novaloca.com/blog/index.php/2021/09/24/brighton-sussex-property-market-prospered/ https://www.novaloca.com/blog/index.php/2021/09/24/brighton-sussex-property-market-prospered/#respond Fri, 24 Sep 2021 13:34:35 +0000 https://www.novaloca.com/blog/?p=10895 Max Pollock Director of Eightfold Property spoke to NovaLoca about their inception in December 2019 and how it’s been a bit of a roller-coaster for Eightfold Property. Having gained traction in the early part of 2020 everything then fell off a cliff in March however the second half of 2020 picked up significantly for what was a great late flurry. Going into 2021 Eightfold have continued where they left off in 2020 with 39 deals transacted by mid-September. There has been a wide variety of deals ranging from small retails lettings to the acquisition of a £4million office building in Mid Sussex as well as letting In Montague Street, Worthing for £140,000 per annum of a Class E building that is now occupied by the Department of Work & Pensions following an extensive refurbishment.  “Being located in Sussex we have been very lucky (says Max). Some parts of the country seem to have suffered more than others during Covid, however it seems that Brighton & Sussex has prospered in some areas. We have all seen demand for homes on the Sussex Coast spiral out of control due the Stamp Duty benefits as well reflection of people wanting lifestyle changes & also most importantly a garden. Like the residential side of the property market this has had a positive effect on the commercial market too. With staycations & working from home, this has been seen by many operators as an opportunity by both nationals as well as good local operators to open new venues. In recent months we have completed a letting to Taste Sussex at Brighton Marina on behalf of LandSec as well as lettings to Dharma Coffee, Baqueno, Dolce Vita Patisserie & Wolfox throughout the city as well as retail lettings to occupiers including Taylor West & Co Optometrists Office operators have adapted to change also which has reaped rewards for Brighton. With working from home proving viable but not ideal we have seen on several occasions firms with large sections of their workforce who live in Sussex that previously commuted to London opening office hubs in Brighton. In doing so they have retained their London presence but reduced costs & eradicated the need for a daily commute.” Following the success of Eightfold’s Commercial Agency expansion was always on the cards and 2 new departments have been opened to deal with Commercial & Block Management as well as Landlord & Tenant, which are headed up by new Director Charlie Runcorn RICS. With a flurry of new management instructions coming in it seems that Eightfold have found another gap in the market where clients are keen to be always dealing with a principle & stakeholder.  Having recently started to deal with work on behalf of West Sussex County Council, Eightfold certainly seem to be going in the right direction and appear to be a firm to keep your eye on. 

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What are Real Time Analytics? https://www.novaloca.com/blog/index.php/2021/09/14/real-time-analytics/ https://www.novaloca.com/blog/index.php/2021/09/14/real-time-analytics/#respond Tue, 14 Sep 2021 08:06:20 +0000 https://www.novaloca.com/blog/?p=10891 There’s no denying that the world we work in has sped up and in turn the COVID pandemic sped up the development of many technologies and processes to allow work to continue in extreme circumstances. We are at  a point where companies need to be able to react to customers’ changing behaviours and need to be able to respond to global events because delays in decision making could prove costly in more ways than one. And that’s why real time data is becoming an important trend. For any company wanting to keep up with the competition, real time analytics has an indispensable tool.  Real time data analytics (or streaming analytics as it is also known) gives a user the ability to capture, analyse and use data as soon as it appears in a system in a format such as a report or a dashboard that is understandable to analyze.  Retailers are able to see what is trending in their sales, finance companies can detect fraud at the point of sale, social media can detect fake news or identify bullying language that needs to be acted upon, our smartwatches can analyse our heart beats and traffic apps can report on problems as they occur.  Being able to react quickly to a problem, adjust the price of a product, react to a user’s website click decisions or target an ad for a specific audience based on their actions improves customer engagement and loyalty.  Where is the information coming from? It is being streamed from such things as website clicks, GPS, video views, sensors and transaction logs. It may seem that such data collecting is out of the reach of smaller businesses. Streaming does require a lot of resources. It is after all a never ending flow of information with a time limit on its usefulness, but real time data services are available from companies including Amazon and IBM. You can subscribe to their services to access information logs from various sources meaning any company can have access to data that will allow them to make smart and timely decisions.  

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Tips for Generating New Business Ideas https://www.novaloca.com/blog/index.php/2021/09/07/tips-generating-new-business-ideas/ https://www.novaloca.com/blog/index.php/2021/09/07/tips-generating-new-business-ideas/#respond Tue, 07 Sep 2021 07:48:42 +0000 https://www.novaloca.com/blog/?p=10878 Every business at some point is going to need to come up with new, fresh ideas for products or methods. Luckily there are several different techniques for idea generation that will help the process of developing, creating and communicating these concepts. Here’s just a few to get things started! You could start with the basics. Just by asking who, what, where, when, why, and how you have begun to explore ideas.  If you want to borrow from masters of creative thinking you could follow Disney’s creative strategy developed by Robert Dilts in 1994. This technique involves using different types of thinking:  Daydreaming. A form of brainstorming where any ideas can be put forward. Planning. Ideas are reviewed, the best ones chosen and plans constructed.  Constructive criticism. Take the plans and identify anything that is a weakness or a risk and improve it. Similar to brainstorming, but more visual is Mind Mapping. This is where you begin with a central idea and draw a diagram consisting of branches away from the main idea to sub topics, which can then also be broken down further to go as deep as you need. Here is a map I made to explore ideas for this blog post. Lateral Thinking is the process of looking at something from a different perspective. It is actually the way jokes are structured with the punchline not being what we expect and is therefore a good way to solve problems. It stops assumptions being made. Shifting a perspective, or reverse thinking (i.e considering how something should not be done) are other similar techniques.  Finally you could try the techniques listed in the acronym SCAMPER developed by Bob Eberle, an educational expert:  S –Substitute. If you were to swap a product or service with something else how does that affect the overall project?  C – Combine. Can you merge an idea, a stage of a process, or two products into one and improve things?  A – Adapt. Looking at ways of improvement and change. Could you adjust procedures? What could you change on a product to make it better? M – Modify. If you modify a process or product will it improve results?  P – Put to another use. Can an existing product or service be used in a different market or area?   E – Eliminate. What parts of a process could be taken away that would improve the service or product?  R – Reverse. What would happen if you reversed a process? If you know of any other idea generating tools that you have found successful let us know in the comments below   

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Pinterest for Business 2021 https://www.novaloca.com/blog/index.php/2021/08/31/pinterest-business-2021/ https://www.novaloca.com/blog/index.php/2021/08/31/pinterest-business-2021/#respond Tue, 31 Aug 2021 08:25:14 +0000 https://www.novaloca.com/blog/?p=10875 NovaLoca has been using Pinterest for a few years now and as with all social media platforms it has gone through some changes and developments. Here’s a few tips for businesses to get the most out of using it.  Pinterest is best thought of as a visual search engine. A place to find inspiration and ideas. Unlike many other social media sites many people coming to the platform are ready to shop. So it is a good place to showcase your products.  Keep in mind that the majority of Pinterest users are female and millennials (people born between 1981 and 1996) are the most active age group. Quality over quantity has become more important. This is a change we have seen across the board with social media. 15-25 pins a day is a recommended amount of postings to make. If you do too much pinning the Pinterest algorithm will see this as spam. Pins can go on multiple boards as long as they are relevant but it is best to keep to the max amount of 10 boards  Fresh pins are preferred by the Pinterest algorithm, that’s a pin containing an image not used before. Therefore it is a good idea to make your own graphics. Why not set up some templates you can use and adapt? It is ok for different images to go through to the same website link.  Having said that, as engagement is important, it is still good to repin other peoples posts and make comments.  When creating a pin carefully consider the description you enter. You can use up to 500 characters and you should aim to include: what the pin is about, a call to action, keywords and hashtags. Hashtags have taken a while to become relevant on Pinterest but they are certainly being used now for visitors to click on and use in the search bar. Add them at the end of your description piece.  Don’t forget to complete the alt text field which will describe what is in the image for visually impaired users. It’s also helpful to say what the pin relates to.  Video pins are in! These will appear in a users’ feed whether they’ve watched them before or not, so it’s a good idea to try creating them even if you haven’t previously as they have priority over other pin types. Pins have been shown to site visitors through a smart feed since 2014. It will show what it believes to be relevant to them rather than in chronological order. If you want to save some time, Pinterest has its own scheduler. This allows you to schedule up to 100 pins, up to two weeks in advance in your current time zone. When you create a new pin you will be offered the choice of a publish now or publish later box. We’ve covered just a few tips here so if you have any more let us know in the comments below. And don’t forget to visit NovaLoca’s Pinterest... Read more

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The Importance Of Keeping Your Property Listings Up-to-Date https://www.novaloca.com/blog/index.php/2021/08/12/importance-keeping-property-listings-date/ https://www.novaloca.com/blog/index.php/2021/08/12/importance-keeping-property-listings-date/#respond Thu, 12 Aug 2021 08:53:50 +0000 https://www.novaloca.com/blog/?p=10864 NovaLoca’s aim is to ensure you receive the maximum amount of enquiries for each and every one of your property listings with the minimum amount of work for you. That’s why we send out monthly ‘Update your Properties’ emails. This email is sent out every third Tuesday of the month to your ‘designated updater’ and contains a confirm button. This button will take you to a list of all your properties. Here you can change the status of any listings that need updating (available, under offer, let, sold or withdrawn) or if they are all correct the current status can be left. Once you are happy with the status of all the properties just one click will confirm the property status for all of your properties. Once clicked, the last updated date on all of your property listings automatically changes, so occupiers can have complete confidence they are seeing the most current information. This can increase your chances of receiving enquiries as well as stopping unnecessary enquiries for properties no longer available. If your company already uses an automated feed to send property data to us you won’t get reminders to update your listings but it’s still important to keep them up to date. Remember if you make changes on your own site these will also update the date within your NovaLoca listing encouraging people to enquire.  You will not incur any costs by updating the status of your properties. From time-to-time Nicky, our Administration Manager, may contact you directly to make sure everything is up-to-date. Equally please don’t hesitate to email her at nicky@novaloca.com if you need help. 

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Is Hybrid working the future of office work? https://www.novaloca.com/blog/index.php/2021/08/10/hybrid-working-future-office-work/ https://www.novaloca.com/blog/index.php/2021/08/10/hybrid-working-future-office-work/#respond Tue, 10 Aug 2021 07:50:54 +0000 https://www.novaloca.com/blog/?p=10860 As we begin to see life settling into a new normal it appears as if there will be no return to how work life was for many in the office sector. The pandemic may be seen as responsible for having accelerated many changes but in reality we were in fact heading towards a new style of working before its arrival. Many companies realised it was not necessary for people to commute to a specific place just to work in front of a computer screen.  Hybrid working, that is where employees spend part of their time working in an office and part of their time working elsewhere, currently appears to be the favoured work model for the future.  Why is this choice seen as the way forward? Because it turns out that this style of working has many benefits for both the employer and employee.  Having to work from home forced many companies to embrace technology that allowed for better spread out collaborative work including video conferencing and messaging tools. This is technology that has been beneficial for communication with customers too. NovaLoca embraced video conference technology which has proven very popular with our clients who are spread out across the whole of the UK.  Allowing for a better work–life balance, providing more time for family and a saving on commuting costs are some of the advantages for employees. And in return employers could see higher levels of motivation, less absences and higher staff retention.  What do businesses need to consider to set up for this way of working?  It is important to work out what type of work is best done in the office and what can be done remotely. The office is best suited to collaborative work. Teams can get together for brainstorming, review sessions and training. It becomes the social centre of the company. Remote working is great for independent work that requires focus and concentration. For me, working at home has opened up the exciting ability to work with audio in my content creation projects.  Of course remote working is not suitable for everyone so having a designated space for private work or video calls is something employers may now need to consider. It does not have to be a large space. It can even be created by partitions. Just as long as it allows for fewer distractions.  If your company decides it doesn’t need as much space as it used to have it may be worth setting up a desk booking system so space doesn’t go to waste when someone is not there. This may also help with shorter term Covid considerations when there is not room for all employees to be in together.  In fact the office is probably going to need to feel like it offers perks to encourage staff to be there. Younger workers are already used to working on laptops and tablets on the go so they will be looking for reasons to be in an office. There is also the possibility... Read more

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Using Linkedin in 2021 https://www.novaloca.com/blog/index.php/2021/08/03/using-linkedin-2021/ https://www.novaloca.com/blog/index.php/2021/08/03/using-linkedin-2021/#respond Tue, 03 Aug 2021 07:43:21 +0000 https://www.novaloca.com/blog/?p=10857 Linkedin has fast become more than a platform for job seeking. It has more than 700 million professional users worldwide and has seen continuous growth since its launch in 2003. It has a B2B focus and is regarded as the most trusted of the social media platforms.  Here are a few tips and latest developments for businesses considering using the platform in 2021.   Linkedin is still a great place to be networking on. There are a lot of decision makers with a presence here. However Linkedin is also an excellent place for content marketing. As it is primarily seen as a place for businesses there are less personal posts in the mix so you know that most users have come to find content to read. Hard sell posts are not going to do well though. This is the place for information, education and industry discussion.  For the best level of engagement it’s probably best to aim for 2 or 3 posts a week. These don’t all have to be your own posts. As on other social media platforms it’s worthwhile sharing relevant posts by others.  Hashtags were introduced in 2018 and are another way to help your posts be seen by those with an interest in your brand. Linkedin does offer hashtag suggestions based on the content you upload. They have also introduced the ability to control viewing and comments on posts. If you were looking to make more informal, personal posts as a way to connect to your audience, Linkedin Stories were introduced in October 2020. These image or video posts which are visible for 24 hours at the top of a user’s feed are currently available on mobile only. As on other social media platforms these posts can have added stickers or text and allow the tagging of other accounts. A swipe up feature which is automatically available to all business pages enables the ability to add a link through to your website or products.   Also from October 2020 users have had the ability to make a video call on the platform thanks to the integration of Microsoft Teams and Zoom. As remote work looks set to stay at least in part for many workers this is going to continue to be a great way to maintain communication. Visit NovaLoca’s Linkedin page and follow us for commercial property industry news and business tips

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