news 9


St Mary’s Stadium to host the Solent Deals Awards


It’s not merely the football and the fact that Southampton FC is remaining in the Premier League which attracts people from throughout the Solent region to St Mary’s Stadium in Southampton, writes Sue Hughes


The venue offers superb corporate hospitality facilities for business events, including board meetings, off-site directors’ lunches, awards ceremonies, banquets and receptions, and seasonal hospitality along with other corporate activity, all with first-class catering and plenty of car parking.


The stadium is available on non- match days for businesses in the Solent region to make good use of. Halo Conferences and Events has 47 executive boxes available Monday to Friday which can cater for up to 10 guests and are ideal for business meetings and private lunches and dinners. With five-star service and food quality and bespoke packages personally tailored to clients’ requirements, day delegate rates start at £31.25 (plus VAT).


For organisations seeking something a little larger, up to 480 guests, the Stadium boasts numerous unique and adaptable suites – such as the Mike Channon Suite, Markus Liebherr Lounge (pictured), Matthew Le Tissier Suite, Terry Paine Suite and others


– which are available for a variety of events and occasions such as conferences, exhibitions, banquets, charity dinners, product launches, and shared and exclusive Christmas parties.


The creativity of the Halo team ensures a truly memorable experience, whatever the occasion, ensuring clients and guests receive a personally tailored service with the ultimate attention to detail.


Halo offers a wide choice of seasonal menus to suit different occasions and budgets.


Halo at St Mary’s Stadium hosts The Business Magazine’s own black tie evening, the Solent Deals Awards, on June 6, which is returning to the region as a separate celebration after a combined event was held with the Thames Valley publication for the past few years.


Details:


0845-688-9297 info@halo-ce.co.uk www.halo-ce.co.uk


Obsolete buildings threaten commercial property


Accelerating building obsolescence is becoming the single biggest property issue, according to Jones Lang LaSalle’s latest research report.


The industry is facing a problem with depreciation and obsolescence, however there is an opportunity for savvy investors and proactive occupiers to gain value through strategic refurbishment and proactive asset management.


Jones Lang LaSalle has identified three critical factors: legislation, corporate requirements and workplace technology, which will fundamentally increase the obsolescence risk and accelerate asset depreciation. Investors and developers will be forced


to adapt quickly to these risks if they want to maintain solid asset performance.


With legislation, the UK Energy Act 2011 will drive increased obsolescence, making it unlawful for landlords to lease space, and for occupiers to assign or sublet buildings rated F & G from 2018.


Simon Nichiolls, director of project and development services at Jones Lang LaSalle’s Southampton office, said: “These three factors stack-up to deliver systematic risk for the industry. There will be value depreciation on obsolete stock as the 2018 Energy Act deadline approaches, with poorer quality product likely to display longer void periods, reduced rental growth and higher


THE BUSINESS MAGAZINE – SOLENT & SOUTH CENTRAL – JUNE 2013


rent fees. Now more than ever, sustainable refurbishment and proactive asset management will be required, with an opportunity for the investment savvy to mitigate these risks.“


Meanwhile, corporate occupiers are becoming stronger and more sophisticated in their requirements, increasingly viewing good quality office real estate as fundamental for recruitment, staff retention, productivity and branding. Buildings which fail to enable corporate preferences will become obsolete for the larger user.


New technologies could change building specifications and alter configuration. Office


real estate should be flexible enough to incorporate evolving technological requirements and must have floor plates capable of adapting to changing and more collaborative configurations. Offices that cannot meet requirements will tend towards obsolescence.


Added Karen Williamson, senior analyst for UK research at Jones Lang LaSalle: “Office building replacement rates across Europe are just 1-2% per year, nowhere near enough to keep obsolescence at bay.


In


the medium-term there is great potential for investors to access challenging, but appropriate stock and refurbish, provided it is economical to upgrade.“


www.businessmag.co.uk


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