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Telecoms Rents Predicted to Rise Further Further to our previous post, it’s important to highlight another significant aspect of the Vache Farm case: the tribunal’s confirmation that a landlord’s right to break for redevelopment may be for the purposes of developing a replacement telecoms mast. This decision draws attention to an opportunity for landlords to partner with an infrastructure provider to redevelop a site—securing a higher rent by leasing it to the infrastructure provider, who would then sublet to telecoms operators, possibly including the operator from whom they obtained possession. This scenario creates a new dynamic whereby, to disincentivise landlords from terminating their lease (or opposing a new lease) for mast redevelopment, operators may need to increase the rents they are prepared to pay to at least align with those offered by infrastructure providers. While the courts have seemed reluctant to award rents at infrastructure provider levels due to the "no network" assumption in the Code, we foresee the effects of this clarification potentially driving up premiums for leases with limited redevelopment break rights, as well as pushing up rents to deter landlords from exercising break rights. Landreeve® Ltd is already working with infrastructure providers to deliver new telecoms sites and to facilitate the relocation of existing sites, so please do not hesitate to contact us if you are seeking related professional advice, or a potential infrastructure provider development partner. Feel free to contact us at enquiries@landreeve.co.uk.

The latest data from the Department of Finance showcases where the government is channeling its resources. Topping the chart is 'Computer Services' at $4.915 billion, reflecting a digital-first approach in today’s tech-driven landscape. Close behind are 'Building Construction' and 'Property Leasing', underscoring a robust infrastructure and real estate strategy. Each category is a piece of the larger economic puzzle, revealing insights into national priorities and market opportunities. Check out where the numbers stand and join the conversation on what this means for Australian businesses. #Procurement #GovernmentSpending

Cherishing the Moment of Pride as Chief Procurement Officer of iSON Tower Limited Incorporation, Philippines "ADB, iSON Sign Deal to Enhance Digital Connectivity in the Philippines" MANILA, PHILIPPINES (4 March 2024) — The Asian Development Bank (ADB) and iSON Tower Limited Inc. have signed a Php2.4 billion loan as part of a broader Php4.8 billion co-financing package (around $85 million) led by ADB to support the construction, development, and operation of 800 shared telecommunication towers to help expand digital connectivity for underserved communities across the Philippines. ADB and Security Bank Corporation, a leading Philippine bank, are each providing Php2.4 billion toward the financing package on a 12-year tenor, with ADB structuring the loans. The project financing is structured to mitigate risks related to greenfield financing of telecommunications towers in the Philippines. The country’s two dominant telecommunication service providers, Globe Telecom, Inc. and Smart Communications, Inc., both have master lease agreements signed with iSON who leases the land, builds the infrastructure, and handles the management, security, and maintenance of these towers. "Expanding and enhancing telecommunications infrastructure is vital to bridge the digital divide, empower communities, and foster economic growth and development in the Philippines,” said ADB Director General for Private Sector Operations Suzanne Gaboury. “Shared infrastructure services, like those provided by iSON Tower, will give underserved communities better access to communication, as well as to work in the digital economy, e-health services, access online education, e-government services, and to prepare for disasters.” Smartphone usage in the Philippines is among the most widespread in Southeast Asia, but the country has limited tower coverage—with only 240 towers per million population. In 2019, the Department of Information and Communications Technology (DICT) accelerated the rollout of shared telecom towers by allowing infrastructure companies to build and manage these towers on behalf of mobile network operators. The shared infrastructure will reduce the mobile network operators’ operational costs, allowing them to focus on providing better services to consumers. "Ensuring reliable, quality connectivity is paramount to meeting the constantly evolving digital needs in the Philippines. As part of our dedication to bolstering telecom infrastructure across the Philippines, iSON has made significant investments since 2021,” iSON Tower Founder and Chairman Vivek Gupta said. “And with the partnership of ADB and Security Bank Corporation, iSON is committed to strengthen the country’s telecom infrastructure landscape for 5G and beyond."

🏢 Government partnerships in real estate are pivotal for enhancing urban landscapes and providing essential services. Supply Management Solutions (S.M.S.) stands at the forefront of this intersection, specializing in federal leasing that bridges the gap between public needs and commercial opportunities. 🏡 Real Estate dynamics are rapidly evolving, and with SMS's expertise, federal departments gain access to strategically located, high-quality properties. This ensures that government operations are housed in facilities that meet their rigorous standards. ✅ Solutions for the modern challenges in federal leasing require innovation and adaptability. Supply Management Solutions (S.M.S.) leverages digital technology and a deep understanding of both government requirements and commercial real estate markets to offer seamless, efficient leasing solutions. By prioritizing long-term relationships and operational excellence, SMS not only meets but exceeds expectations in the federal leasing domain. #GovernmentRealEstate #InnovativeSolutions #FederalLeasingExcellence

What is Full Service Rent? 💭 Full Service Rent means the quoted rent price includes taxes, insurance, maintenance, utilities and other operating expenses for the property. The tenant is generally still responsible for any increase in operating expenses over the base year amount. Remember, this differs from triple-net or net leases, where the tenant pays their share of expenses separately on top of rent. Why is Full Service Rent important? 📃 For tenants • Provides predictable costs and simplifies accounting, as operating expenses don't have to be budgeted for separately. • Outlines all-inclusive costs upfront when comparing rental properties and negotiating leases. • Avoids surprise fees and pass-through costs from landlords mid-lease. 🏭 For landlords • Allows more control over operating expenses rather than passing all costs to tenants. • Management efficiency can be increased since all costs are paid by the landlord. • Attractive to tenants since quoted rates appear lower compared to a triple-net lease. Understanding what is encompassed in full service rent and negotiating reasonable expense inclusion and pass-through caps are critical when analyzing deals. #srsindustrial #srs #srsrealestatepartners #cre #industrial #fullservicerent 

Work begins on project gigabit rollout to 45,000 hard to reach homes across Cambridgeshire. CityFibre, the UK’s largest independent full fibre platform, has begun work to connect almost 45,000 hard to reach premises in Cambridgeshire as part of the government’s £5bn Project Gigabit programme. Construction has now started following extensive planning and design work, with the first locations in the county to benefit from the new digital infrastructure including Fen Ditton, Grantchester and Milton. CityFibre will also be connecting a further 170,000 homes across Cambridgeshire as it aligns its nationwide rollout with the Project Gigabit programme. The Cambridgeshire rollout - made possible through £69 million government investment - is the first of nine Project Gigabit delivery contracts secured by CityFibre since March 2022 with rollouts spanning Suffolk, Norfolk, Hampshire, Buckinghamshire, Hertfordshire, Berkshire, Leicestershire, Warwickshire, Sussex, Kent, Bedfordshire, Northamptonshire & Milton Keynes. These represent over £782m in government subsidies and unlocks almost £1.2bn in combined public and private investment in rural broadband. “As some of the first in the country to benefit from the Government's £5bn programme of investment in new lightning-fast connectivity, I'm pleased that the first households and businesses in South East Cambridgeshire will shortly be able to access services and reap the benefits of this brand-new network. Gigabit will also be coming very shortly to Milton and Landbeach.”... Full fibre networks use 100% fibre optic technology to carry data at light speed all the way to the home or business, offering near limitless bandwidth and reliable connectivity. #FibreOptics #FibreOpticInstallations #AxisTech #Axis_Technical https://ow.ly/ROop50QJ0MV

CityFibre awarded five new contracts to roll out super fast fibre 🤝🌐 Rural areas across Warwickshire, Sussex, Kent, Buckinghamshire and Berkshire can look forward to super fast broadband after CityFibre, the UK’s largest independent full fibre platform, was awarded five new contracts under the government’s £5 billion Project Gigabit programme. These will subsidise the rollout of full fibre infrastructure to more than 202,000 rural properties across these, and other areas, that would otherwise be excluded from commercial rollouts. The five new contracts total more than £394 million of government subsidy. In line with its strategy, CityFibre will continue to expand and densify its significant existing network footprint in these areas alongside Project Gigabit, extending its rollout to almost 450,000 additional premises across the awarded regions within its 8m rollout programme, bringing the total premises benefiting from the new awards to around 651,000. Detailed planning will begin immediately with the first premises expected to be connected in early 2025. CityFibre is already delivering Project Gigabit contracts in Cambridgeshire, Suffolk, Norfolk, and Hampshire. Alongside the latest contracts, this represents more than £782 million in government subsidies and unlocks almost £1.2bn in combined public and private investment in rural broadband. Continue reading... https://lnkd.in/emuFF9bZ #contract #deals #IT #technology #finance #businessnews #businessintelligence

🌆Understanding EDC & IDC in Real Estate Development If you’re investing in real estate, you’ve likely come across the terms EDC (External Development Charges) and IDC (Internal Development Charges). But do you know what they truly mean and how they affect your property investments? In our latest blog, we break down these important charges, explain their significance, and how they impact overall project costs. Whether you’re a first-time investor or a seasoned buyer, it’s crucial to understand these terms. Read the full article here 👉 https://lnkd.in/gqn5iF2R #RealEstate #EDC #IDC #PropertyInvestment #RealEstateKnowledge #2ACompany #Noida #GreaterNoida #RealEstateInvestors #FundManagers #AssetManagement Amit Aggarwal bharat agarwal

𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗧𝗿𝘂𝘀𝘁𝘀 (𝗥𝗘𝗜𝗧𝘀) 𝗮𝗻𝗱 𝗜𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗧𝗿𝘂𝘀𝘁𝘀 (𝗜𝗻𝘃𝗜𝗧𝘀) are two financial instruments that allow individuals to invest in real estate and infrastructure projects without directly owning the physical assets. Both offer benefits like regular income and potential for capital appreciation, but they function in distinct ways. Here's a breakdown: 𝗥𝗘𝗜𝗧𝘀 (𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗧𝗿𝘂𝘀𝘁𝘀) 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗳𝗼𝗰𝘂𝘀: Commercial real estate like offices, malls, warehouses, hospitals, etc.  [They can also invest in data centers]. 𝗦𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲: REITs own or finance income-generating real estate properties. 𝗜𝗻𝗰𝗼𝗺𝗲 𝗴𝗲𝗻𝗲𝗿𝗮𝘁𝗶𝗼𝗻: REITs earn rental income from the properties they hold and distribute a majority (typically 90%) of this income to investors as dividends. 𝗧𝗮𝘅𝗮𝘁𝗶𝗼𝗻: REITs enjoy favorable tax treatment, often exempt from dividend distribution tax and with relaxation on capital gains tax. 𝗧𝘆𝗽𝗲𝘀: There are three main types of REITs: equity REITs (own and manage properties), mortgage REITs (finance real estate projects), and hybrid REITs (generate income from both rents and interests). 𝗜𝗻𝘃𝗜𝗧𝘀 (𝗜𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗧𝗿𝘂𝘀𝘁𝘀) 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗳𝗼𝗰𝘂𝘀: Completed infrastructure projects like roads, power plants, pipelines, telecom towers, etc. 𝗦𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲: InvITs don't own the infrastructure assets directly. They invest in a pool of completed infrastructure projects and receive returns based on the project's cash flow. 𝗜𝗻𝗰𝗼𝗺𝗲 𝗴𝗲𝗻𝗲𝗿𝗮𝘁𝗶𝗼𝗻: InvITs distribute a major portion of their income (similar to REITs) to investors as dividends. 𝗧𝗮𝘅𝗮𝘁𝗶𝗼𝗻: InvITs also benefit from tax exemptions, making them attractive investment options. 𝗧𝘆𝗽𝗲𝘀: Unlike REITs with multiple categories, InvITs are primarily focused on operational infrastructure projects that generate steady income. In essence, REITs deal with income-producing real estate, while InvITs are associated with completed infrastructure projects.

£43m contract to give rural firms access to full fibre broadband A £43m contract has been awarded to extend full fibre broadband access to thousands of rural homes and businesses in Cheshire. Freedom Fibre has secured the contract as part of the government's Project Gigabit initiative. As a result, 15,000 hard-to-reach homes and businesses will gain access to broadband capable of delivering the fastest speeds on the market. Project Gigabit is a £5bn nationwide rollout aimed at areas that would have been overlooked in the industry's rollout of gigabit-capable broadband. Freedom Fibre will begin with a period of detailed design and survey work, with construction expected to start in early 2025. The project will cover remote villages such as Kingswood, Allostock, and Minshull Vernon. Neil McArthur, founder and chief executive of Freedom Fibre, said: "We're delighted to have been awarded this contract, increasing full-fibre coverage across Cheshire and further strengthening our relationship with Building Digital UK and local authorities across the county. This investment in full-fibre will end over 100 years of copper-based services and unleash untold potential for homes and businesses across Cheshire." Julia Lopez, minister for data and digital infrastructure, added: "Homes and businesses in rural Cheshire not covered by broadband suppliers' plans will get access to the fastest internet speeds available, thanks to this latest contract under the government's Project Gigabit. https://lnkd.in/eE4TWzs7