Sector Focus
Rates reform not doing enough
A real estate firm with a basebase in Birmingham has accused the Government of kicking the issue of business rates into the “long grass”. Colliers International, which has
a base in Brindleyplace, Birmingham, were speaking after the Queen’s Speech included no mention of business rates. John Webber, head of rating at
business rates advisors Colliers International, said: “In this turbulent time, when businesses are looking for help to rebuild after the recession, it would appear that the important matter of business rates has been kicked into the long grass once again. “With a new rating list now in
place and the lack of a working appeals system, ratepayers are stuck with assessments which are too high with no sign of a resolution in the near future.” Paul Faulkner, chief executive of
Greater Birmingham Chambers of Commerce, backed Colliers’ view and added: “The Government needs to commit to reducing the level of upfront taxes foisted on businesses if they intend to create an effective pro-enterprise culture in this country.”
Property
Edgbaston retail offering full after new openings
Islington Row, just off Five Ways island, is now fully let after Calthorpe Estates agreed a deal for the final three units. June Peony Bridal Couture,
Laghi’s Italian Deli and Classy and Fabulous nail and beauty salon are all set to open, bringing a new wave of services and products to complement the growing leisure and retail offering in Edgbaston. Emma Davenport, sales
executive for Calthorpe Estates, said: “The quality of the refurbished units and their prominent location close to Five Ways station has attracted excellent independent and specialist businesses.” June Peony Bridal Couture is
expanding its specialist bridal and prom couture business. Owner Mandy Lee said: “Our business is expanding quickly because we offer a high quality service to help them find the perfect dress for their special day.” Laghi’s Italian Deli is offering delicious, fresh Italian produce.
Fully let: Emma Davenport, Luca Laghi, Mandy Lee, Linh Nun and Martin Herbert Owner Linh Nun said: “We
Italian owner, Luca Laghi, said:
“Excellent food and quality Italian wine are a huge part of my life and passion. All the fantastic dishes my family offer in their restaurants in Italy will be available here.” Classy and Fabulous has a wide
range of nail and beauty treatments including facials, hand and body massages.
provide treatments that will make people feel thoroughly groomed.” Martin Herbert, director for
SPACE, said: “The momentum for attracting high quality retailers is gathering pace as Edgbaston Village opens more retail offerings, benefits from improved car parking and becomes a recognised destination.”
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