Commercial Property Management

The commercial estate is a diverse and fragmented portfolio. Some 1,129 interests are managed producing approximately £6.6Million per annum. These interests range from shop lettings to wayleaves and rights of way. The portfolio includes a significant number of local shopping parades; local shopping centres such as Beckton and Stratford; industrial estates; small workshops; and a few offices.

A large number of these properties, 352, are let on long leases at ground rents of less than £500 per annum. 278 of these are transformer chambers; most of the remainder are industrial units dating back to the 1950's. There are also 5 modern industrial estates.

There are 27 local shopping parades serving housing estates and owned by Housing. These parades produce approximately £1.6 Million for the Housing Revenue Account each year. Two of these parades are situated out of the Borough on Council residential estates.

In broad terms the Council's portfolio accounts for 15% of all shop units in the Borough and 10% of all factory and warehouse units.

Tenant's Charter - Leasing Commercial Property Click here to download the 'Tenant's Charter - Leasing Commercial Property' document in PDF format Glossary of Commercial Property and Terms

The Council's property portfolio supports the Council's regeneration strategy through the provision of indirect service properties in areas of need, principally by the provision of local shops and industrial units that encourage local labour and local businesses.

The council's commercial portfolio is currently under review. This review aims to release non-strategic or poor performing assets and acquire new interests which will add value to Newham Council's investment.

The team has set up a "Property Call Centre" (Tel: 020 8430 3705), which is a one-stop initial contact point for all commercial property and market stall enquiries. Enquiries might be about dealing with new lettings, assignment of leases, repairs and maintenance tasks.

Workshops and Studios Workshops and Studios Page

Bringing Businesses to the Borough
If you are a business, developer or investor looking for sites and premises in the Borough (other than those owned by Newham), and for more details of what business support and advice the Council and it's Partners provide, then click onto the link below:

Useful Link

East London Small Business Centre www.goeast.org