First 12 Months 3,500 Units 100 Developments 20 Counties 11 Staff 5

Total Page:16

File Type:pdf, Size:1020Kb

First 12 Months 3,500 Units 100 Developments 20 Counties 11 Staff 5 Cornwall House 31 Lionel Street Birmingham B3 1AP 0121Cornwall 289 4315 House [email protected] Lionel Street www.PrincipleEstate.co.ukBirmingham B3 1AP @PrincipleEM 0121 289 4315 [email protected] www.PrincipleEstate.co.uk @PrincipleEM Welcome to a review of Principle’s first year Brettfirst Williams 12 A big hello to all our clients, partners, professional contacts and BSc months(Hons) customers. FRICS FIRPM I amWelcome delighted to be a reviewsending our of firstPrinciple’s newsletter first out yearto you Managing all today. And I’m pretty amazed that our new business is 12 Director A big hell to all our clients, partners, professional contacts and 3,500 units months old already! customers. first 12 Our first two property developments came into management in months lateWe May are delighted2018, and to bePrinciple sending was our thenfirst newsletter properly outup andto you running all today. 100 fromAnd 1 I’m June pretty last amazed year when that our Joe new joined business me, withis 12 monthsIan then old coming already! developments onboard in October. Our first two property developments came into management in late 3,500 units OtherMay 2018,key personnel and Principle we’ve was thentaken properly on in our up andfirst running year include from 1st June executivelast year when assistant Joe joined Belinda, me, withcustomer Ian then services coming onboardmanager in October. 20 counties Michelle and senior property manager Dani. With our back- Other key personnel we’ve taken on in our first year include executive 100 officeassistant support Belinda, and customer consultants, services we managerhave recruited Michelle staff and at seniorrate ofproperty one person manager, per month, Dani. With and our we’re back still-office recruiting. support and consultants, developments Wewe have have arecruited great, enthusiastic at a rate of oneteam person looking per aftermonth, over and 100we’re still 11 staff developmentsrecruiting. and are approaching our next milestone of 3,500 20 counties units.We We’rehave alla determinedgreat, enthusiastic to make team sure welooking can deliverafter anover 100 outstandingdevelopments customer and are servicesapproaching every our day. next milestone of 3,500 units. 5 consultants I wouldWe’re likeall determined to thank all to of make our clients sure we who can have deliver instructed an outstanding us customer services every day. over the last year and continue to find new developments for 11 staff usWe to wouldmanage. like We to thank really all do our appreciate clients who it. have instructed us over the residential Here’slast year to theand nextcontinue 12 months!to find new developments for us to manage. We management really do appreciate it. Here’s to the next 12 months! 5 consultants commercial Brett Williams BSc (Hons) FRICS FIRPM management Managing Director PrinicplePrinicple Estate Estate Management Management is is a atrading trading name name of of Principle Principle Estate Estate Management Management LLP LLP (Registered (Registered in in England England OC420067) OC420067) atat thethe aboveabove addressaddress. RegulatedRegulated by RICS by RICS It’s the principles that Principle is committed to that made the first year such a great one It was just over a year ago in May 2018 that “We will be offering director level input into all Principle Estate Management opened for developments, and honesty, professionalism, business at Cornwall House in Lionel Street, customer care and staff development will be our Birmingham. watchwords.” In its first year, Principle is already established Looking back at the launch today, Brett said: “I’m as the UK’s fastest growing residential estate thrilled at how the business has quickly taken management business, with a growing portfolio off, am delighted at how the size of our portfolio of properties for clients all across England. has grown beyond all expectations after just one From its West Midlands base, Principle has year, and am very proud of the team we have spread its wings to take in appointments in quickly built within Principle. London, the south east, south west, south and “But most of all I’m energised by how closely north of England. we’ve kept to the crucial principles that were the From a standing start, the business manages a foundations of Principle when the company was portfolio approaching 3,500 units on over 100 formed in early 2018. developments across the country, with many “Principle is committed to being a customer- more in the pipeline. focused managing agent that provides a This fast expansion has been made possible, in transparent service to the highest standards. part, by the decision to invest heavily from day “The company is led by experienced Chartered one in technology in order to automate routine Surveyors and property professionals. It was processes and some of the more mundane born out of a passion for ‘doing it right’ through administration, freeing up staff to communicate a director-led but friendly approach, combined with clients on a daily basis and this investment with robust systems that maximise efficiency. continues. “This means that Principle provides a service But it’s also down to the fact that Principle that we believe is the aspirational standard for was a new business only in name and the team other agents across the UK.” have many decades of experience in residential Referring to Principle’s future plans, Mr Williams property management between them. added: “As long as we stick to our principles and Brett himself has managed some of the highest continue to deliver outstanding service to all our profile developments in the Midlands and across clients, I’m confident our business will carry on the UK, and he confidently laid out his plans its impressive growth.” when the company began operations. Speaking 12 months ago, he said: “Our focus will be on modern residential apartment developments and traditional blocks of flats, but we will also be managing mixed use developments with both residential and commercial occupiers and private residential housing estates. “Additionally, the firm will be managing portfolios of rented properties for selected investor clients. principle - noun: a fundamental truth or proposition that serves as the foundation for a system /ˈprɪnsɪp(ə)l/ of belief or behaviour or for a chain of reasoning. a rule or belief governing one’s behaviour. morally correct behaviour and attitudes. Principle personnel Brett Williams, managing Ian Smallman, director and Daniel Lannon, property director shareholder assistant Brett is a Chartered Surveyor Ian is a Member of IRPM Daniel has joined Principle’s and has a degree in Estate (Institute of Residential Property expanding customer services Management. He’s also a Management) and sits on the department as a property past chairman of ARMA Leasehold Working Group. The key objective assistant. He had previously been working in (the Association of Residential Managing of the IRPM is to raise standards across the the retail sector after graduating with a 2:1 Agents), and a fellow of IRPM (the Institute of sector together with providing individuals with honours degree in 2015. His retail experience Residential Property Management). an independent professional qualification. and IT skills made him stand out to provide He has previously sat on a Residential His main role as operations director sees him quality customer services. Management Working Group for RICS (the in charge of Principle’s property management Royal Institution of Chartered Surveyors). department. Paul Richardson, finance Brett insists on a hands-on involvement in Ian is a widely respected property professional manager property management, especially high value with many years’ experience in property Paul has over 20 years of properties and special projects. His focus on management. He focuses on key client experience in finance. He business development comes from over 25 relationships and directly manages a selection is an Associate Member of years of experience and a wealth of close of properties including our commercial multi- the Chartered Institute of Management contacts with freehold investors. occupied properties. Accountants and is responsible for overseeing the operation of all client accounts functions. He oversees the majority of non-management He also oversees Principle’s, training, work such as lease extensions on the standards and service levels ground rent portfolio, freehold ground rent Sam Boot, valuer – specialises investment deals and the selection of partners in valuations and negotiations Belinda Beasmore, executive for outsourced specialist work such as that on leasehold flats and houses assistant undertaken by building surveyors. for lease extensions and Belinda has a wide range of Most importantly, Brett runs the business freehold sales, acting for skills that come from 20 years strategy, governance, finance and promotion. freeholders and leaseholders. of experience in administration and marketing. She’s exceptional at Joe Jobson, director and maintaining Principle’s corporate relationships Angela Locke – property shareholder with clients, customers and suppliers. She is inspector Joe is a Chartered Surveyor head of social media and marketing too. Angela joined Principle with with a degree in Estate a background of working for Cluttons and Leaders. She Management. He’s a member Michelle Cox, customer undertakes routine planned site inspections of IRPM and has applied to become what’s services manager known as a RICS’ APC Assessor (APC stands for our London & South portfolio of Michelle is an associate of for assessment of professional competence). properties, reporting back into the office using IRPM has more than ten years the site survey app. Angela is also available Joe has a complete understanding of how of extensive experience in the to meet contractors and residents on site to well-planned property management can property sector. She has worked in a variety of ensure good communications and prompt greatly enhance the value of any new build roles including from lettings assistant to senior maintenance.
Recommended publications
  • Small Offices and Mixed Use in CAZ
    Small Offices and Mixed Use in CAZ Prepared for The GLA 1 By RAMIDUS CONSULTING LIMITED August 2015 Small Offices and Mixed Use in CAZ Contents Page No. Management summary ii 1.0 Introduction 1 1.1 Project background 1.2 Project brief 1.3 Method statement 1.4 Acknowledgements 2.0 Context 6 2.1 Spatial planning 2.2 Commercial office market 2.3 Defining CAZ 2.4 Defining small offices 3.0 Drivers of change 15 3.1 Growth in self-employed businesses 3.2 Change in the occupier market 3.3 A changing business geography 3.4 Small offices and the flexible space market 3.5 Office-to-residential conversion activity 4.0 Occupied stock of small offices 27 4.1 Stock of offices 4.2 Spatial distribution of small units 4.3 The role of multi-let buildings 4.4 Small offices by sector 4.5 Summary 5.0 Trends in demand and supply of small offices 38 5.1 Take-up 5.2 Availability 5.3 Rents 5.4 Summary 6.0 Strategic and local implications of Policy 4.3Bc 48 6.1 Issues and policies for protecting small offices 6.2 Summary 7.0 Implementation of Policy 4.3Aa 53 7.1 Thresholds 7.2 The extent to which housing has been delivered 7.3 Land swaps or packages involving offices and housing 7.4 Mixed use housing credits 7.5 Analysis of development decisions 8.0 The impact of viability on development activity 61 8.1 Overview 8.2 Factors influencing development viability 8.3 Summary 9.0 Conclusions and recommendations 68 9.1 Context 9.2 Providing for small offices 9.3 The distribution of small offices 9.4 Policy issues 9.5 Policy recommendations Prepared for The GLA i By RAMIDUS CONSULTING LIMITED August 2015 Small Offices and Mixed Use in CAZ Management Summary This study examines London’s Central Activities Zone (CAZ) in terms of the supply of, and demand for, small offices and mixed use development, specifically the balance between office and residential development.
    [Show full text]
  • Property Useful Links
    PROPERTY - USEFUL LINKS Property - Useful Links 1300 Home Loan 1810 Malvern Road 1Casa 1st Action 1st Choice Property 1st Property Lawyers 247 Property Letting 27 Little Collins 47 Park Street 5rise 7th Heaven Properties A Place In The Sun A Plus New Homes a2dominion AACS Abacus Abbotsley Country Homes AboutProperty ABSA Access Plastics AccessIQ Accor Accord Mortgages Achieve Adair Paxton LLP Adams & Remrs Adept PROPERTY - USEFUL LINKS ADIT Brasil ADIT Nordeste Adriatic Luxury Hotels Advanced Solutions International (ASI) Affinity Sutton Affordable Millionaire Agence 107 Promenade Agency Express Ajay Ajuha Alcazaba Hills Resort Alexander Hall Alitex All Over GEO Allan Jack + Cottier Allied Pickfords Allied Surveyors AlmaVerde Amazing Retreats American Property Agent Amsprop Andalucia Country Houses Andermatt Swiss Alps Andrew and Ashwell Anglo Pacific World Movers Aphrodite Hills Apmasphere Apparent Properties Ltd Appledore Developments Ltd Archant Life Archant Life France PROPERTY - USEFUL LINKS Architectural Association School Of Architecture AREC Aristo Developers ARUP asbec Askon Estates UK Limited Aspasia Aspect International Aspinall Group Asprey Homes Asset Agents Asset Property Brokers Assetz Assoc of Home Information Pack Providers (AHIPP) Association of Residential Letting Agents (ARLA) Assoufid Aston Lloyd Astute ATHOC Atisreal Atlas International Atum Cove Australand Australian Dream Homes Awesome Villas AXA Azure Investment Property Baan Mandala Villas And Condominiums Badge Balcony Systems PROPERTY - USEFUL LINKS Ballymore
    [Show full text]
  • L1 Capital UK Residential Property Fund Information Memorandum
    L1 Capital UK Residential Property Fund Information Memorandum ARSN 620 381 704 | APIR ETL3930AU Date issued 27 July, 2017 Investment Manager Responsible Entity L1 UK Property Investments Pty Ltd Equity Trustees Limited ABN 55 619 264 096 ABN 46 004 031 298 | AFSL 240975 Authorised representative (No. 001 255 692) of Phone: 1300 555 378 L1 Capital Pty Limited www.eqt.com.au/insto ABN 21 125 378 145 | AFSL No. 314302 Information Memorandum L1 Capital UK Residential Property Fund 1 Important Information This is the Information Memorandum (“IM”) for Units in None of the Responsible Entity, the Investment Manager, the L1 Capital UK Residential Property Fund ARSN 620 381 L1 Capital, the Administrator or their respective employees, agents or officers: 704 (referred to as the “Fund”) and was issued on 27 July 2017. (i) makes any representation or warranty as to, or takes This IM has been issued by Equity Trustees Limited (ABN 46 responsibility for, the accuracy, reliability or completeness of the 004 031 298 AFSL 240975) in its capacity as responsible entity information contained in this IM; or and trustee of the Fund (referred to throughout this IM as (ii) guarantees the success, repayment of capital or any rate the “Responsible Entity” or “Equity Trustees”). The investment of return on income or capital or investment performance manager of the Fund is L1 UK Property Investments Pty Ltd and of the Fund. Past performance is not an indication of future is referred to throughout this IM as the “Investment Manager”. performance. The target return on any investment may be affected by assumptions or by unknown risks.
    [Show full text]
  • 11 March 2021 Savills Plc ("Savills" Or "The Group") PRELIMINARY RESULTS for the FULL YEAR ENDED 31 DECEMBE
    11 March 2021 Savills plc ("Savills" or "the Group") PRELIMINARY RESULTS FOR THE FULL YEAR ENDED 31 DECEMBER 2020 FULL YEAR PERFORMANCE REFLECTS STRENGTH OF GLOBALLY DIVERSIFIED BUSINESS Savills plc, the international real estate advisor, today announces its preliminary results for the year ended 31 December 2020. Key financial highlights Group revenue down 9% to £1.74bn (2019: £1.91bn*) as resilient revenues from less transactional services significantly mitigated reduction in transaction volumes Underlying** profit before tax £96.6m (2019: £143.4m) Statutory profit before tax £83.2m (2019: £115.6m) Statutory basic earnings per share (‘EPS’) 49.0p (2019: 60.6p) Final ordinary dividend of 17.0p reflecting the resilience of the less transactional business performance Net cash £177.7m (2019: £28.5m) * See Note 1(b) for details on the prior year restatement of revenue. ** Underlying profit before tax ('underlying profit') is calculated on a consistently reported basis in accordance with Note 3 to this Preliminary Statement. Key operating highlights Resilient performance reflects geographic diversity (59% non-UK revenue) and strength of less transactional service lines (62% of Group revenue, versus 57% in 2019) Less transactional services revenues down 1% as Property and Facilities Management businesses performed well, underlying profit up 4% to £91.1m Savills global Transaction Advisory revenues declined by 19% as the pandemic significantly reduced the volume of transactions worldwide Increased Commercial Transaction Advisory market
    [Show full text]
  • Annual Report and Accounts Savills Plc Savills Plc Report and Accounts 2019
    2019 Annual Report and Accounts Savills plc Savills plc Report and Accounts 2019 Our purpose Our purpose is to assist and advise a wide range of clients to realise their diverse property goals. Our vision CONTENTS To be the property partner of choice for private, institutional and corporate clients seeking to Overview acquire, manage, lease, develop or realise the 01 Group highlights value of prime residential and commercial 02 Savills at a glance property in the world’s key locations. Strategic Report Culture and values 04 Chairman’s statement 06 Our business explained Savills has a strong and well embedded culture, 08 Market insights founded on an entrepreneurial approach and 14 Key Performance Indicators underpinned by our values and operational 16 Chief Executive's review standards. We recognise our responsibility as a 22 Chief Financial Officer’s review global corporate citizen and we are committed 24 Material existing and emerging risks and to doing the right thing in the right way. uncertainties facing the business 31 Viability statement Our values 32 Stakeholder engagement with s.172 35 Responsible business Pride in everything we do 47 Non-financial information statement 2019 Take an entrepreneurial approach to business Governance Help our people fulfil their true potential 48 Corporate Governance Statement 48 Chairman’s introduction Always act with integrity 50 Board of Directors 54 Group Executive Board Read more about these on page 35 58 Corporate Governance 68 Audit, Risk and Internal Control 69 Audit Committee report 78
    [Show full text]
  • 14 March 2019 Savills Plc ('Savills' Or 'The Group') PRELIMINARY RESULTS for the FULL YEAR ENDED 31 DECEMBER 2018 Savi
    14 March 2019 Savills plc (‘Savills’ or ‘the Group’) PRELIMINARY RESULTS FOR THE FULL YEAR ENDED 31 DECEMBER 2018 Savills plc, the international real estate advisor, today announces growth in both revenue and underlying profits in 2018. Key financial highlights – Group revenue up 10% to £1.76bn (2017: £1.6bn) – Underlying profit* up 2% to £143.7m (2017: £140.5m) – Statutory profit before tax decreased 3% to £109.4m (2017: £112.4m) – Underlying basic earnings per share (‘EPS’) grew 3% to 77.8p (2017: 75.8p) – Statutory basic EPS decreased 4% to 56.2p (2017: 58.8p) – Final ordinary and supplementary interim dividends total 26.4p per share (2017: 25.55p) taking the total dividend for the year up 3% to 31.2p per share (2017: 30.2p) * Underlying profit before tax (‘underlying profit’) is calculated on a consistently reported basis in accordance with Note 4 to this Preliminary Statement. Key operating highlights The diversity of the Group, both geographically and in our service offering, and the integration of recent acquisitions delivered growth in both revenue and underlying profits in 2018. • Transaction Advisory revenues up 9%. Further growth from our less-transactional services with Property and Facilities Management revenue up 14% and Consultancy revenue up 8%. • Strong growth from Europe & the Middle East, both organic and through the integration of Aguirre Newman in Spain and the acquisition of Cluttons Middle East in May 2018. • North America delivered significant growth in the occupier-focused business with revenue up 18% and underlying profit up 64%. • Savills Investment Management successfully mitigated the expected significant decline in activity relating to disposals from liquidating the SEB Open-Ended Funds, raising £2.4bn in new funds, with AUM up 12% to £16.4bn.
    [Show full text]
  • English Heritage Annual Report and Accounts 2008/09
    ENGLISH HERITAGE ANNUAL REPORT & ACCOUNTS 2008/09 English Heritage Offices Head Office Swindon Office 1 Waterhouse Square (including National Monuments Record Centre) 138-142 Holborn Kemble Drive London EC1N 2ST Swindon SN2 2GZ Telephone: 020 7973 3000 Telephone: 01793 414 700 Regional Offices East Midlands North East South West 44 Derngate Bessie Surtees House 29 Queen Square Northampton NN1 1UH 41-44 Sandhill Bristol BS1 4ND Telephone: 01604 735 400 Newcastle Upon Tyne NE1 3JF Telephone: 0117 975 0700 East of England Telephone: 0191 261 1585 West Midlands Brooklands North West 8th Floor 24 Brooklands Avenue Suites 3.3 & 3.4 The Axis Cambridge CB2 8BU Canada House 10 Holliday Street Telephone: 01223 582 700 3 Chepstow Street Birmingham B1 1TG London Manchester M1 5FW Telephone: 0121 625 6820 1 Waterhouse Square Telephone: 0161 242 1400 Yorkshire 138-142 Holborn South East 37 Tanner Row London EC1N 2ST Eastgate Court York YO1 6WP Telephone: 020 7973 3000 195-205 High Street Telephone: 01904 601 901 Guildford GU1 3EH Telephone: 01483 252 000 Other Offices Exeter Fort Cumberland Stonehenge Administration Office 5 Marlborough Court Fort Cumberland Road Wyndham House Manaton Close Eastney 65 The Close Exeter EX2 8PF Portsmouth PO4 9LD Salisbury SP1 2EN Telephone: 01392 824 901 Telephone: 023 9285 6700 Telephone: 01722 343 830 ISBN 978-0-10-295906-2 Annual Report and Accounts 9 780102 959062 2008/09 Published by TSO (The Stationery Office) and available from: Online www.tsoshop.co.uk Mail, Telephone Fax & E-Mail TSO PO Box 29, Norwich, NR3
    [Show full text]
  • Consultation Statement
    Development Management Policies Document: Consultation Statement in accordance with Regulation 22 (1) (c) of The Town and Country Planning (Local Development) (England) Regulations 2012 And Duty to Cooperate in accordance with Section 110 of the Localism Act (2011) Contents Page 1. Duty to Cooperate 3 2. Regulation 22 Consultation Statement 8 3. Issues & Options Stage 8 Consultation methods 8 Consultees and stakeholders 8 How comments were taken into account 9 4. Preferred Options Stage (2007) 10 Consultees and stakeholders 10 Consultation methods 10 Main issues 11 How comments were taken into account 14 5. Preferred Options Stage (2014) 14 Consultees and stakeholders 14 Consultation methods 15 Main issues 16 Appendices A Complete list of those consulted under Regulation 18 B Representation at Issues & Options Stage C Representation and Responses at Preferred Options Stage (2007) D Representation and Responses at Preferred Options Stage (2014) 2 Duty to Cooperate The Duty to Cooperate came into effect in November 2011. It therefore applies particularly to the Preferred Options stage (2014) of the Development Management Policies Document (DMP). While there was no formal duty to co-operate before that date, previous consultation stages have been included in this section for completeness. The duty requires Brent to “to engage, constructively, actively and on an on-going basis” with neighbouring boroughs and other public bodies1 in the preparation of development plan documents “so far as relating to a strategic matter”. The main strategic spatial planning issues, associated with development in Brent, have been addressed through both the London Plan and Brent’s Core Strategy. The DMP sets out the Council's preferred options for detailed policies, which will be used primarily for the determination of planning applications for development in the borough.
    [Show full text]
  • West End Office Update
    cluttons.com WEST END OFFICE UPDATE Winter 2013 West end office market outlook over the last quarter we have seen firm evidence that the central london occupier market has caught up with the investment market. Business sentiment within the capital has continued to improve, with evidence of all important business investment generating a further uplift in job creation. the london markit kPmG/rec “uk report on Jobs” recorded the sixth straight monthly increase in permanent job placements in london during november, albeit with the pace of growth slowing. The improved business confidence reflected in this recruitment activity has been seen in letting activity which has accelerated throughout the past six months. Take up in the year to date across Central London has now reached 863,970 sq m (9.3 million sq ft), significantly ahead of the 761,800 sq m (8.2 million sq ft) full year total for 2012. The core West End market however, has seen a diminishing proportion of this activity, falling to 20% of all Central London lettings, down on the 30% of 2011 and 2012; a function of constrained supply of quality office stock which has added to rental inflation. With tenants remaining cost conscious and increasingly footloose, an eastward migration continues, with fringe submarkets taking a 22% market share of letting activity. The City core, which represents a one third stake in current take up, does appear to now be offering fairer rental values, however, with much of the core City office stock at present falling short of the quality demanded, market boundaries are being squeezed as occupiers seek out the right “package” when it comes to balancing both cost and space criteria.
    [Show full text]
  • Consultation Statement NPPF Revision to Westminster’S Core Strategy
    Consultation Draft Consultation Statement NPPF Revision to Westminster’s Core Strategy Local Development Framework July 2012 Consultation Statement: NPPF Revision 1.0 Introduction 1.1 This Consultation Statement has been prepared to meet the requirements of Regulation 22 of the Town and Country Planning (Local Development) (England) Regulations 2012 (“The Regulations”), and forms part of the proposed submission documents for the purposes of Regulation 19 of The Regulations. It will be updated once the Regulation 19 consultation has taken place to form a final Consultation Statement. 1.2 The Statement details the consultation undertaken by Westminster City Council (‘the council’) during the Regulation 18 consultation on the revisions to the Core Strategy arising from the publication of the National Planning Policy Framework, referred to as the “NPPF Revision”. 1.3 It details who was consulted at Regulation 18 stage, for how long, and how they were invited to make representations. A summary of the main issues raised by the responses is provided, and details as to how these representations have been taken into account in the Consultation Draft NPPF Revision subject to the Regulation 19 consultation. 1.4 Consultation was carried out in compliance with the council’s Statement of Community Involvement (SCI, adopted January 2007), thus meeting Section 19 of the Planning and Compulsory Purchase Act 2004 (as amended). 1.5 All contacts on the council’s LDF database were consulted, together with all statutory consultees in Regulation 4 of The Regulations, all ward councillors, and all neighbouring boroughs. The council’s LDF database was created in April 2007 and was initially populated with contact information from the Unitary Development Plan (UDP) database.
    [Show full text]
  • Commercial Property Examiner
    cluttonsim.com COMMERCIAL PROPERTY EXAMINER QUARTER FOUR | 2020 Cluttons Investment Management Commercial property examiner | Q4 2020 1. KEY TAKE AWAYS The UK’s commercial real estate market has Ultra-low risk free rates and a low outlook been far more resilient in the face of the for interest rates remain supportive of real pandemic than was first feared in March and estate investment. April after the introduction of Lockdown 1.0. In the 12-months to the end of December All Property total returns could recover to 2020, All Property total returns decreased to +5% in 2021 and an annualised average of -1.0% from 2.1% in 2019. 7% in the 3 years ending December 2023. [email protected] © Cluttons LLP 2021 – 2788 | 0221 cluttonsim.com | 2 Cluttons Investment Management Commercial property examiner | Q4 2020 2. SUMMARY The World Bank expects global economic Stock markets across the world celebrated All Property investment volumes increased output to expand by 4% in 2021 but at the authorisation of the first vaccines and by 21% in Q4 but nevertheless remained end of the year will still be more than 5% prospects of a return to normality. The UK 16% below their long run average. Total below its pre-pandemic level. Global growth equity markets rose 11% in Q4 but still investment volumes in 2020 were the lowest is projected to moderate to 3.8% in 2022, ended the year down 14%. The NASDAQ since 2012. weighed down by the pandemic’s lasting index ended the year 44% higher as investors damage to potential growth.
    [Show full text]
  • Primelocation.Com House Price Index : January 2009 Sales: Prime London Begins to Stabilise
    Primelocation.com House Price Index : January 2009 Sales: Prime London Begins To Stabilise Asking prices in Prime London areas rose by 0.55% (£7,001) in December, the second successive month of rising values, and are now 3.8% higher than in December 2007, according to Primelocation.com's latest House Price Index. Asking prices in December were strongest in West/South West London (0.69%) and weakest in Islington, City and Docklands (-0.17%). The price rise coincided with a reduction in the volume of available stock on the market. December’s stock levels were -3.8% down on the levels recorded in December 2007. Andrew Smith, Primelocation.com's Head of Insight, comments: "Over the past couple of months prime agents have reported a modest upturn in activity (albeit from a very low base), a trend which can be attributed to the impact of falling prices, lower interest rates and a rise in demand from overseas buyers attracted by the dip in the value of Sterling.* "This explains the recent stabilisation in asking prices and provides tentative evidence that we are beginning to approach the bottom of the market. However, it's important to bear in mind that we have a way to go yet, and buyers are still managing to negotiate substantial reductions on asking price. "With the economic situation worsening and some pundits predicting that unemployment will hit 3 million in 2009, we expect the coming year to be a difficult one for the housing market. "On the plus side, the weaker pound and falling prices will encourage greater interest from foreign buyers and cash-rich investors and this should lead to a modest improvement in transaction levels.
    [Show full text]