CKD Galbraith LLP
celebrates successful first year

We have reached CKD Galbraith’s first anniversary, having merged Cluttons (Scotland) with CKD Finlayson Hughes in April 2003. Our first year has proved a great success – we have exceeded our target revenues in all our principal areas of operation.

Particular highlights of the year include:

• Our commercial division has £250 million of property under management and sold over £25m of property in the last month alone
• Our rural division now manages over two million acres of land and achieved £78 million in sales and purchases over the year, an increase of 46 per cent
• We now manage 250,000 acres of commercial and native woodland, making our forestry department one of the most successful in Scotland
• Our building surveying department has undertaken 35 new projects over the past year, a significant uplift on the previous year with demand continuing to rise for residential and commercial project expertise
• Residential property sales have climbed to £46.5 million in 2003, an increase of 25 per cent, reflecting CKD Galbraith’s increasing market penetration
• Cottages & Castles, our holiday lettings business, has increased its portfolio of properties by 30 per cent and has achieved higher occupancy rates and revenues for our clients.
• Our Sporting agency has had one of the most successful years in its history and is now the UK’s leading sporting agency specialising in Scotland and Ireland
• Renewables and utilities surveying are a potent mix and are in increasing demand.

What a difference a year makes
Over the past year we have seen the initial impact of parts of the Agricultural Holdings Act, the Land Reform Act and CAP reform proposals in Scotland. Against this, it has been a year of soaring residential house prices in many rural areas. In the commercial property sector, new legislation has included the opening up of planning laws on out of town developments and the Inland Revenue’s new fiscal environment embracing Real Estate Investment Trusts and pooled property investment.

It has certainly been an eventful year, and we are delighted to have been able to work with our clients to take the opportunities such a fast-changing environment presents. We all have to make our own success.

I am grateful to all our clients for their continued confidence in the firm, and I look forward to celebrating many happy returns!

For more information on any of our services please visit our web site, www.ckdgalbraith.co.uk or email: info@ckdgalbraith.co.uk
Tim Kirkwood
Chief Executive

Forthcoming events
The show season is upon us again, and CKD Galbraith warmly invites you to attend the following events:

Ayr Show
Date: Saturday 8 and Sunday 9 May, 9am – 5pm
Venue: Scottish Agricultural College, Auchincruive Campus, Ayr

We will have a marquee at the Show and invite you to join us for a drink and a chat during the day.
For further details contact: Vivien Baillie, CKD Galbraith Ayr office, email: vivien.baillie@ckdgalbraith.co.uk or tel: 01292 268181

CKD Galbraith, Bonhams and Saffery Champness evening reception
Date: Thursday 20 May, 6pm onwards
Venue: Scone Palace, Perth

CKD Galbraith is to host a drinks party, jointly with auctioneers Bonhams and chartered accountants Saffery Champness. If you would like to attend, please contact: Irene Thomson in our Perth office, on 01738 451111.

Fife Show
Date: Saturday 22 May, 9am – 5pm
Venue: Kinloss Farm, by Cupar, KY15 4ND

The Fife Show has relocated to Kinloss Farm, owned by CKD Galbraith’s Chris Addison-Scott. The new venue is a picturesque working farm, conveniently located under a mile from Cupar.

CKD Galbraith’s office in Cupar is now open full time, due to increased demand for rural estate management and land agency services in the region. Chris Addison-Scott and Mike Reid head the office.

We will have a marquee at the Show and invite you to join us for a drink and a chat during the day. For more information on the show, or property services in Fife, please contact Chris Addison-Scott on 01334 870032 or email: chris.addison-scott@ckdgalbraith.co.uk

To read previous newsletters from CKD Galbraith please click here.

A New Force in Property

CKD Galbraith is a new property consultancy formed through the merger of CKD Finlayson Hughes and Cluttons (Scotland).

The consultancy specialises in serving the needs of private clients. With offices in Edinburgh, Glasgow, Perth, Aberfeldy, Inverness, Ayr and London, our partnership provides the full range of property consulting services across the commercial, residential and rural sectors throughout Scotland. The combined knowledge, expertise and experience of CKD Finlayson Hughes and Cluttons (Scotland) both firms – each enjoying long-established reputations for quality service – has created a national partnership with unrivalled local knowledge.

Services include:

• Sourcing properties
• Surveys
• Appraising and valuing
• Negotiating purchases on the best possible terms
• Residential Property
• Commercial Property
• Forestry Property

For more information please visit www.ckdgalbraith.co.uk