FRIDAY, August 18, 2011 12:00

advisory services

Abcott Partners provide a range of high quality property related consultancy services

Our clients and their business vary widely, but our constant commitment remains to ensure the very best support to help them profit from the opportunities in their business.

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The list below a summary of the advisory services we can offer you.

current insights and opportunities for your business

Michael Noonan delivers a "window" of opportunity in Budget 2012

Against a backdrop where the development and construction sector has contracted from 20% to 5% of GDP, the reduction in the rate of stamp duty on commercial property from 6% to 2% is to be welcomed. Furthermore, CGT relief is being introduced in respect of properties acquired from 7 December 2011 to 31 December 2013.

Where a property is bought during that period and is held for at least 7 years, any future capital gain arising on the disposal/transfer will be relieved from CGT. These measures coupled with the dramatic correction in the cost of building combine to ensure that 2012 is the best year in over a decade to contemplate investment in the Irish property sector. Talk to us to ensure your business makes the most of these opportunities.

Review your buildings energy usage, reduce your running costs

Under the Governments Jobs Initiative "Better Energy - The National Upgrade Programme" was launched by the Minister for Communications, Energy & Natural Resources on 11th May 2011. This new programme aims to deliver a major increase in the pace, scale and depth of sustainable energy investments in upgrading existing buildings and facilities.

Within this programme, financial support is available through the Better Energy Workplaces scheme for implementing a wide range of qualifying sustainable energy upgrading projects in the public, commercial, industrial and community sectors. Talk to us to find out if your business can benefit from this scheme or to see how we can help you to reduce your building energy costs.

sums insured?

Are you a building owner? frustrated at the cost of insurance premiums?

For any property owner or company providing property management services one staple of the annual budget is the Building Insurance Policy. The premium to maintain the policy is a significant proportion of annual budget expenditure.

In Ireland the dramatic fall in property prices has been mirrored by a decline in tender prices for construction. Incredibly, we have seen a fall in tender prices of 50% from a peak in late 2007. Although each property needs to be assessed in terms of its existing policy and its individual form of construction, in general terms building owners should be experiencing a significant reduction in sums insured and associated premiums over recent years. It is important to note that any reduction in premium achieved following a review will apply annually as it sets a new benchmark for the cost of holding that insurance cover. Consequently, over a number of years the savings will be significant.

Abcott Partners have achieved recently achieved 50% reductions in Insurance Premiums for Clients who had built assets that were over-insured. Contact us today to find out more.