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AL INVESTMENT from 1 Jan 2006 - 31 Oct 2006 Volume Deal Count £40,439M 1,525

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AL INVESTMENT from 1 Jan 2006 - 31 Oct 2006 Volume Deal Count £40,439M 1,525 The Property Investors Bulletin N O V E M B E R 2 0 0 6 E D I T I O N TOTAL INVESTMENT FROM 1 Jan 2006 - 31 Oct 2006 Volume Deal Count £40,439m 1,525 TRANSACTION NOTES Total Value of UK Investment Transactions (Year to Date October 2006) Property Data recorded 131 investment transactions during October 2006 with a total value of £3.94bn. 50,000 44,078 45,000 Office investment has been the dominant 40,439 sector during 2006. Office deals represent 40,000 46% of the value of this year's total sales, opposed to 36% for 2005. Central London 35,000 31,803 appears on track to break last year's record figure of £16bn. The value of City 30,000 investment has already exceeded 2005's 25,000 23,097 22,110 figure of £6.4bn, and is on course to reach close to £10bn for the year. The West End 20,000 appears somewhat constrained by supply, which has caused average transaction m £ Volume Transaction 15,000 yields to fall from 5.2% in 2005 to 4.3% in 10,000 2006. 5,000 Outside of London the country's major cities have also seen increased turnover in the 0 office sector. For example Bristol sales for 2002 2003 2004 2005 2006 the year-to-date are £390m (2005: £212m) and Manchester £448m (2006: £361m). Year to Date (Jan - Oct) The next edition of the bulletin will be published on Tuesday 5th December. Office Retail Industrial Leisure Other Total Y-T-D I N V E S T O R A C T I V I T Y 1 Jan 2006 - 31 Oct 2006 INSTITUTIONS PROPERTY CO'S PRIVATE OVERSEAS OTHER BUY £m 10,607 11,277 4,293 10,989 3,273 SELL £m 6,722 14,477 3,077 9,579 6,585 NET £m 3,885 -3,200 1,216 1,410 -3,312 Y-T-D S E C T O R A C T I V I T Y 1 Jan 2006 - 31 Oct 2006 OFFICE RETAIL INDUSTRIAL LEISURE OTHER 2006 £m 18,530 9,233 3,643 4,363 4,669 2005 £m 16,901 13,742 3,568 3,573 6,294 DIFFERENCE £m 1,629 -4,509 75 790 -1,625 The Property Investors Bulletin - November 2006 Edition Page 1 The Property Investors Bulletin Contents October 2006 Investment Deals By Sector 3 - 6 Investment transactions listed by key sectors. Geographical Listing of UK Investment Transactions 7 - 13 Investment deals listed by town and address including acting agent(s) and full deal comment. Buyers & Sellers during October 2006 14 - 18 Active property investors during the previous month listed by investor and town. Three Month Yield Index 19 - 21 Listing by sector of net initial yields recorded during the last three months Active Property Investors 22-23 Company information on the UK's most active property investors including new investors to the market, acquisitions/disposals and current requirements. Investment Transaction Statistics 24 - 26 Transaction volumes, investment flows, average yields and investor analysis for all significant property types, major markets and investor types. Property Data Established in 1991, Property Data is a leading publisher of commercial property directories and databases. Publications cover the investment, development and retail property markets and titles are available in a number of formats including book, CD and Internet. Property Data is a member of the Directory Publishers Association. Property Data has been tracking the investment transactions market since 1991. Our primary sources of information have been the property press, general press releases, company and fund reports. In 2001 PD began compiling direct deal submissions from surveying firms active within the investment market. This means that we are now recording transactions that had not been previously released into the public domain, and thus provides Property Data with a unique source of investment research. This report is available in PDF (Acrobat Reader). Please call our offices for further details. Investment Publications The Property Investors Bulletin: The monthly bulletin provides the latest deals, market analysis, company information and requirements, available in: Hardcopy £275.00 (VAT zero-rated) or PDF format. £375.00 (ex VAT). The Property Investors Directory: In its 16th year of publication the directory is recognised as the leading information source on the UK property investment market. £295.00 (VAT zero-rated) The Property Investment Market on CD-ROM/Internet: Empowering the investment team by capturing the ultimate deals source, carefully coded and detailed to provide the complete market analysis tool. £945.00 (ex VAT) Copyright © 2006. Property Data. All rights reserved. No part of THE PROPERTY INVESTORS BULLETIN may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of the publishers. This report is intended for general information and is based upon material in our possession or supplied to us, which we believe to be reliable. Whilst every effort has been made to ensure its accuracy and completeness we cannot offer any warranty that factual errors may not have ocurred. Property Data take no responsibility for any damage or loss suffered by reason of their inaccuracy or incorrectness of this report. All investment figures are subject to rounding and to future revisions. Property Data, Sugnall Business Centre, Eccleshall, Staffordshire ST21 6NF Tel: 01785 859300 Fax: 01785 859301 Email: [email protected] Page 2 The Property Investors Bulletin - November 2006 Edition October 2006 Investment Transactions by Sector West End TOWN ADDRESS PRICE YIELDPURCHASER NOTES LONDON SW150 Pall Mall £ 49.5m 4.6%Legal & General Property 3,159m² LONDON SW1333 Vauxhall Bridge Road £ 13m -Heron International Abford House: 13,000m² - 50% interest LONDON W173 Baker Street £ 3.75m -Private investor 469m² R:£190,000 T:Tenon LL:5 RR:04/2006 LONDON W146 Berkeley Square £ 1.75m - Berkeley Square Estates LONDON W150 Jermyn Street £ 11.75m 3.15%Henderson CLOF 2,497m² - 1,308m² retail + 1,188m² office - Leasehold LONDON W14-8 Maple Street £ 12.1m 4.45%Arlington Property Invest 1,700m² T:National Patient Safety Agency LEX:2014 LONDON W17 & 8-9 Stratton Street £ 18.3m -WELPUT 1,440m² T:various LL:Short leases - Redevelopment Total value of recorded deals: £110m City / City Fringe TOWN ADDRESS PRICE YIELDPURCHASER NOTES LONDON E1Braham Street, Beagle Ho £ 44.6m 6.75%Kenmore Group 8,268m² R:£3,185,000 LONDON EC230 Crown Place £ 57m -Greycoat CLOD Fund Development site LONDON EC2Cutlers Gardens Estate £ 410m 4.7%Rockpoint Capital 55,740m² R:£22m T:Aon, Prudential-Bache, Hammonds LONDON EC227-35 Poultry £ 72m -Vladimir Chernukhin 14,957m² - Grade II listed T:HSBC R:£1m LEX:2007 LONDON EC31 America Square £ 117m 6%Catalyst Capital (JV) 18,580m² - head leasehold interest LONDON EC410 Furnival Street £ 58.8m -Schroder Properties Ltd Chancery Exchange: 7,525m² LONDON SE14 & 5 Paris Gardens £ 17.5m 5.6%Threadneedle Property T:Sungard LL:13.75 Total value of recorded deals: £777m Mid-Town TOWN ADDRESS PRICE YIELDPURCHASER NOTES LONDON WC2Buckingham Street £ 33.9m -Conygar Investment Co Plc 5,017m² - 8 buildings T:various(20) (1,672m² vacant) LONDON WC299/103 Long Acre £ 17.5m 3.7% Unknown Total value of recorded deals: £51m Outer / Greater London TOWN ADDRESS PRICE YIELDPURCHASER NOTES HARROW72-74 St Ann's Road £ 2.8m 4.74%Stanton Properties T:JD Sports (on assignment from Halfords) LEX:09/2012 LONDON E16Hartman Street £ 12.58m -Robson Associates T:Travelodge (London City Airport) LONDON N150 Cross Street £ 0.595m 5.71% Private client LONDON SW790/92 Queens Gate £ 8.55m 5% Invista REIM LONDON W3West Five Centre, Acton £ 49.5m 4.4%ING Lionbrook Property T:B&Q, Staples LONDON W4Merlin House/Belmont Ho £ 4.9m - Standard Life LONDON W532-38 Uxbridge Road £ 20m -Frogmore RE Partners Westel House : 6,979m² S&L:Thames Valley University NEW MALDENApex Tower, High Street £ 24m -Palmer Active Value Fund (JV) 10,219m² T:AMS Total value of recorded deals: £123m Regional Offices TOWN ADDRESS PRICE YIELDPURCHASER NOTES ALFRETONThe Village, Mansfield Rd £ 0.9m 6.28%Helmsley Group Plc 378m² R:£60,000 T:Yell Ltd LL:10 TBO:5 BARNSLEYSpringfield House £ 3.5m 6.78% Institutional Investor BASILDONSigma House - -Propinvest Holdings Ltd 15,050m² BIRMINGHAM58-62 Hagley Road £ 9.525m 5.46%LaSalle Investment Man Lyndon House: 6,317m² BIRMINGHAM5 St Phillips Place £ 49m 4.25%New Star PUT 6,252m² R:£2.25m T:Dept of Communities & Local Gov BOSTONBoston West Business Park £ 2m -Private clients R:£124,000 T:Capio Healthcare Medical Centre BRIDGEND6 Old Field Road £ 0.54m -Gwyn Williams Ltd 294m²T:Illium Claims Services Ltd BRISTOLBrotherswood Court £ 13.425m 6.81%Morley Fund Management 5,658m² R:£967,145 T:various CPS:245 BRISTOLParklands, Hambrook Lane £ 5m -Ashfield Land Ltd 2,508m² R:£265,000 T:Crest Nicholson plc LEX:03/2016 BRISTOLTower Wharf £ 30m -Urbina Ltd (JV) 6,503m² T:Various (2,787m² vacant) CARDIFFOcean Bldg, Bute Crescent £ 0.522m 6.34%Private purchaser 160m² R:£35,000 T:NCMA LEX:06/2015 CHESTERFIELDBarlborough Links £ 4.2m 6.17%Private Irish clients 2,878m² R:£274,443 T:Lynx Technology Ltd LEX:05/2027 COLCHESTERCollwyn House, Sheepen Pl £ 0.2m -Wrenbridge Land 1,914m² T:vacant - redevelopment planned COVENTRY5 Warwick Row £ 1.055m 7.92%Dawnay Day Properties The Reform Club: 1,240m² EASTLEIGHTollgate Business Park £ 0.55m 6.28%Mr & Mrs Mancey 255m² T:Barclays Mercantile CPS:9 LEX:06/2015 FAREHAMSolent Business Park £ 26.718m 7.86%Greenhills Real Estate Buildings 1000, 1100 & 1200: 13,953m² GLASGOWBuchanan Gate, Stepps £ 4.981m 5.6%MJG Developments LL:15 GLASGOW68-80 Gordon Street £ 20m 5%Resolution Asset Man Grosvenor building: 5,574m² T:various The Property Investors Bulletin - November 2006 Edition Page
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