DOCSLIB.ORG

NATIONAL OFFICES OFFICE INVESTMENT Q2 2021 Market Overview

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
NATIONAL OFFICES OFFICE INVESTMENT Q2 2021 Market Overview SOUTH EAST OFFICE INVESTMENT NATIONALNATIONALPO OFFICERT FOFFICESOSLI OFFICEO SE COFFICEINVETOSRTMENT INVESTMENT Q2 Market Overview Q2Q2 2021 2021H Mark1 2Market0e2t 1Ov Merviea Overviewrwket Overview £1.6bn 38 £41M 7.28% £410 5.0 Years 7.2 Years Tot£545.4Mal InvestmenYTDt (Q2) Key DaNo.t Dealsa32 Aver£17Mage Deal Size Av7.18%g. Yield (NIY) Av£220g. Cap Val £psf 4.4Avg. A WULyrTs to Breaks 7.0Avg. A WULyrT sto Expiries Total Investment (Q2) No. Deals Average Deal Size Avg. Yield (NIY) Avg. Cap Val £psf Avg. AWULT to Breaks Avg. AWULT to Expiries £5.0bn 43 £117M 5.67% £190 43 Total Investment (H1) £537.8MNo.£383.9M Deals Average Deal 19Size 20Avg. Yield£28.3M (NIY)£19.2MAvg. Cap Val £psf7.05%6.94%No. Investors Under Offer No. U/O Assets Avg. Deal Price (U/O) Avg. Yield (NIY) U/O £809.8M 44 Under Offer No. U/O Assets Avg. Deal Price (U/O) Avg. Yield (NIY) U/O Available£1.3bn & Under QuartOffer No.erly of Av ailable- K 77&e U/Oy DaAssetsta Available, Exchanged & Under Offer Available & Under Offer No. of Available & U/O £272.0M 25 £10.9M 8.19% Assets £914.4MAvailable No. Available57£ Asse1.ts1bnAvg. Deal£15.6M Price Avail. Avg. Y6.97%ield (NIY) Avail. Available & Under Offer £2.6bn £2.3bn 9.6A%vailable No. Available Assets Avg. Deal Price 6Avail. Avg. Yield (NIY)5 Avail. Total Investment QTD Previous QTR % Comparison £1.7bn No. of U/O Por olios No. of Avail. Por olios Na onal Offices Annual Transac on Volumes & Yield Quarterly TransacExcohnan Vgeodlume £7bn £0.8bn £780M £6.8bn Quarterly Transac�o£n66 1VMolume Comparisons South East office Annual Tran£s6a.2cb�n on Volumes & Yield 12% £4bn £2.0bn £6bn £0.6bn £5.7bn 10% £545M £538M £5.6bn Annual£3.9bn Transac�on Volume and Yield (NIY) £3.8bn £3.8bn £3.2bn Completed£3.2 bExnchanged Under Offer Available Yield (NIY). 10% £1.58bn £5bn £2.9bn £0.4bn £1.5bn £360M £3bn £328M £327M 10% £2.6bn £1.28bn £15bn £4.3bn £4.4bn Under 7.32% 7.40% 8.64% 8.48% 8% £1.07bn Offer & 6.82% 8.28%6.64% £2.1bn £4bn 7.98% 8.01%86.0.52%9% 6.36% 8.01% 6.57% £0.2bn Exchanged 7.89% £1.0bn £0.91bn £2bn 8% 7.27% 7.34% 5% £0.81bn 7.04% 6.82% 6% 6.56% £0.0bn £0.60bn £0.56bn £3bn 2020 Q1 2020 Q2 2020 Q3 2020 Q4 6.11%2021 Q1 2021 Q2 2021 Q3 £0.44bn £0.46bn £1bn £10bn 6.79% £0.5bn £0.38bn 6% £2.1bn £0.27bn 4% 5.94% Under £2bn Offer £14.4bn £0.0bn £0.9bn £0bn 0%£13.3bn 2014 2015 2016 2017 2018 2019 2020 2021 2019 2019 2019 2019 2020 2020 2020 2020 2021 2021 2021 4% Investment £12.0bnvolumes for Q2 and H1 2021 ar£1.7bne up 52% £1bn £0.9bn 2% Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qtr 3 £5bn and 38% respectively on 20£10.0bn20 figures demonstra ng £8.7bn £8.0bn £8.6bnthe improved investor sen ment for regional offices, 2% £0bn 0% however, ac vity remains significantly below 5-10 £5.0bn 2014 2015 2016 2017 2018 2019 2020 2021 year averages. Q2 Investment Volume - Town Centre VS Business Park Q2 Transac�on Volume Range - No of Deals & Yield £0bn 0% 2014 2015 2016 2017 10 2018 2019 2020 2021 10% 9 10 £0.3bn (21.54%) 9.04% 7.78% Q2 2021 - Investment Volume by Sub-Sector Q2 2021 - Investment Volume by UK7.22% Region 7 7 £200M 7.15% 6.78% £53M (10%) Portfolio Sub-Sector Transac�on £150M5 £143M 5% 5.24% £120M 52% £101M 14 £100M £4bn 2 2 12 £75M Exchanged £66M 12 Investor confidence and a1ppe�te re- £120M (22%) £1.7bn £1.2bn (78.46%) £50M emerging for other sectors. 4x increase 0 £23M 0% £3bn 10 in Alterna ve Po£r9M olio £v8oMlumes in H1 Sub £5m £200m+ £0M £5m-£10m £10m-£20m £20m-£50m 202£50m-£100m1 (£0.9£100m-£200mbn) compared to H2 2020 Business Park Town Centre North e… Yorkshire &8 Scotland Midlands South Wales North East West (P olio) the (£0.25bnW),es at lbeit s ll muted compared £2bn Humber to the £6bn transacted in 2019. Office 6 £373M (68%) por olio volumes are set to eclipse £2.6bn 4 2019 levels if deals under offer transact. 3 3 £1bn Q2 Ac�ve Capital - Purchaser 2 Q2 Top 10 - Purchaser Overview The North West and Yorkshire were Industhe two mosoliot acti dealsve r reemaingions a t eye PURCHASER 2 TRANSACTED NO. OF AVG. YIELD AVG. CAP £0.8bn £770M £0.9bn £0.8bn in Q2 both recording over £100m of completed transac ons with 2 VOwLUaMteringE DleEvAelsLS – H1( NvolumesIY) (£2.6bn)VAL £PSF nearly £0.5bn figures bolstered by Marquee dea ls cmaomtchingple ntotg alin 2020 the mvolumesajor (£3.0m) and £0bn 0 Brookfield lik£ely714 Mto deliver1 a 2x increase by year£4 4end.6 P olio - P olio - P olio - Office P olio - Retail P oliocen - tOtherres,s naPmeolioly -8 Mix Fedirst Street in Manchester and Broadgate in £0.6bnTown Centre Por olio Business Park Industrial Alterna e LeedGsl.o bal Net Lease Inc £170M 1 6.66% £202 Colmore Capital £134M 2 9.44% £265 £0.4bn £320M Oval £70M 1 5.97% £533 Morgan Stanley £50M 1 4.52% £626 Q2 2021 Ac ve Capital £-1 P91uMrchaser Q2 2021 Top 10 - Purchaser Overview £0.2bn Tr olume£16 Rang4M e - No of Deals & Yield OxfordMark proper�etinges Strategy Analysis£45M 1 3.60% £768 Purchaser Transacted No. of Deals Avg. Yield (NIY) £200M £184M 10 £34M Kennedy Wilson £45M 1 7.51% £242 £16M £9M Volume 12 £6M £4M £0.0bn Brunswick £33M 1 11.92% £171 s s Trinity IM £120M 1 e… or £150M seas at t er ves Charity Columbia Threadneedle £32M 2 6.48% £526 �tu�on veloper8 Occupier 8 Revcap £85M 1 6.97% Ov Ins e In De Undisclosed at £29M 2 6.99% £371 £10operty7M Companies Priv Ashtrom Proper es 6.1% £82M 1 5.54% Pr £92M 7 £100M 10% GrosvenToortal ££516,M322M 132 7.18%5.80% £408 Opportunity Funds / Priv 6 Undisclo%se odf Market £26M82% 5 8.17% £50M Equi x £21M 1 6.68% 6.80% £32M £31M 5 6.24% £22M Marketing Strategy 5.84% £16M £15M Stamford Property Investment £21M 1 £6M 5.55% 5.16% £2M Trinova £15M 1 Off5. 8M6%arket £0M t… s s s 5% 39.7% seas a tor Glade Capital £14M 1 Re9s.t3r7i%cted Marke ng er es 54.1% Q2 Ac�ve Capital - Vendov r veloper Q2 Top 10 - Vendor Overview Ov Ins 5.08% Occupier Occupier te In Ins Undisclosed De McAleer & Rushe £10M 1 £0.8bn a Widely Marketed operty Compan… Priv 2 VENDOR TRANSACTED NO. OF AVG. YIELD AVG. CAP Pr £734M Total £449M 15 7.16% VOLUME DEALS (NIY) VAL £PSF Opportunity Funds / Priv % of Market 82% £592M TPG £714M 1 £446 £0.6bn 0 0% McLaren £170M 1 6.66% £202 New money is now emerging with some convic on and we have seMen& Ga R meaal Esrktaetde shiftThe in i nmarkvesteot rr emainsapp£eti15 topaque4eM for ma with4jo rthe re gviaso9.nt1 1majoritya%l city of£ 287 £200m+ £5m-£10mcentre£10m-£20m offices. Property£20m-£50m Companies were the most ac�ve buyers in Q2 2021 and H1 2021olio accoun�ng tr for c.34% and c.28%estrict ed or off market £0.4bn £50m-£100m £100m-£200m Aviva Investors £103M 4 7.66% £440 marke�ng strategies. The importance of market insight and of total volumes respec�vely. LaSalle Investment Management £65M 2 5.13% £666 investor con annot be underes�mated. Columbia Threadneedle £57M 5 5.64% £387 £177M £0.2bn CCLA £45M 1 3.60% £768 Q2 2021 - Ac ve Capital - Vendor Q2 2021Black RToopck 10 - Vendor Overview £45M 1 7.51% £242 £26M £25M £15M £8M Nuveen Vendor Transacted£44MNo. of Deal2s Avg. Y6ie.l6d7 (N%IY) £442 £0.0bn £122M Pur£118Mchaser Type - Tr olume & Yield Volume Opportunity Ins�tu�on Occupier Developers Property Councils Private UBS P£3r3Mivat1e 11.92% £171 Funds / Companies Investors £4bn BioCity Group 10% £120M 1 £100M Private Equity £3.7bn Total £E1,4q30Muity22 7.23% £406 £82M Northwood £85M 1 74%6.97% £70M GMPVF £82M 1 5.54% £50M Patrizia £Whils35M t investor2 appetite in 62020.71% was £50M £3bn Undisclosed £domina30M ted by 6long term holder9.53%s of real £30M 5.97% estate / non trading entites H1 2021 has £21M Kames £27M 1 4.89% £19M £15M 5.62% 5.50% Q2 Key Deals £11M seen a marked shi� in transac�on ac�vity £5M CBRE Global Investors £21M 1 6.68% £2M with new players / new platforms and A£0MDDRESS £2bn 5.73% TOWN FLOOR AREA AWULT TO AWULT TO QUOTE QUOTECatalysDt ICFaFpital SALE SALE 5%SALE DATE £21M PURCHASER1 VEND OR s s a… (SQ FT) BREAorKS EXPIRIES PRICE YIELD PRICE NIY established PE investors accoun�ng for 74% seas t ehicles er ves Other Credit Suisse Asset Man £15M 1 5.86% Occupier Councils veloper Ins Ov e In of the buyer ac�vity, in par�cular within Ins Undisclosed ted V at De 4.46% Lis AstaZeneca, Unit 310, Milton Road Cambridge 58,629 Priv 3.0 Years 3.0 Years NQ.
Load more

Recommended publications
  • REAL ESTATE July 2020
    LISTED MARKETS – REAL ESTATE July 2020 Leo Zielinski Partner Tel. +44 (0)7980 809031 [email protected] John Rodgers Partner Tel. +44 (0)7810 307422 [email protected] Will Strachan Partner Tel. +44 (0)7929 885859 [email protected] Lloyd Davies We track the share price movement and regulatory announcements Partner of 57 real estate owning listed entities (“Gerald Eve tracked index”). Tel. +44 (0)7767 311254 A summary of the Gerald Eve tracked index in terms of GAV, NAV, [email protected] LTV, Dividend, Share Price, Market Cap, Discount/Premium to NAV and their respective weekly movement is attached. Lorenzo Solazzo Data Analyst We provide a comparison to share price data from 3 February 2020 Tel. +44 (0)783 309 5582 [email protected] (pre-Covid-19 level) to present day to demonstrate the impact across certain entities as a direct result of Covid-19. James Brown Surveyor As at 30 of June, the Gerald Eve tracked index is currently down 30% to pre- Tel. +44 (0)7464 656563 Covid-19 level, under-performing the FTSE350 which is slowly recovering and is [email protected] now down 16%. The tracked listed REITs share price decreased on average 3% since 1 June 2020 (March: -25%, April: +6%, May: -3%). To provide context around the share price movement, the average discount to NAV is currently 31% against 3% pre-Covid-19. It is unsurprising to note that specialist sector entities across Industrial, Healthcare and Supermarkets have out-performed the REIT universe relative to other strategies within the Gerald Eve tracked index.
    [Show full text]
  • A R Y 2 0 0 8 E D I T I O N
    F E B R U A R Y 2 0 0 8 E D I T I O N UK Commercial Property Investment Transactions 1 Jan 2008 - 31 Jan 2008 Value of Sales Number £1,481m 73 CONTENTS Total Value of UK Investment Transactions (Year to Date January 2008) SECTOR LISTING........................................ 2 GEOGRAPHICAL LISTING...........................5 4,000 3,633 BUYERS & SELLERS LISTING....................9 3,500 3,161 THREE MONTH YIELD INDEX...................12 3,000 2,829 2,655 ACTIVE PROPERTY INVESTORS.............14 2,500 INVESTMENT STATISTICS.......................18 The monthly bulletin is available in hardcopy and 2,000 PDF formats for £395.00 pa (12 issues). 1,481 1,500 The next edition of the bulletin will be published on Monday 3rd March 2008. m £ Volume Transaction 1,000 This report is intended for general information and is based upon material in our possession or 500 supplied to us, which we believe to be reliable. Whilst every effort has been made to ensure its 0 accuracy and completeness we cannot offer any warranty that factual errors may not have 2004 2005 2006 2007 2008 occurred. Year to Date (Jan - Jan) For further information please visit our website: www.propertydata.com or call 01785 859300 Office Retail Industrial Leisure Other Total Copyright (c) 2008. Property Data Ltd. Year-to-Date Investor Breakdown 1 Jan 2008 - 31 Jan 2008 Institutions Property Co's Private Investor Overseas Other Purchases £m 41 376 218 725 120 Sales £m 660 182 30 205 404 Net Investment £m -619 194 188 520 -284 Year-to-Date Sector Breakdown 1 Jan 2008 - 31 Jan 2008
    [Show full text]
  • Consultation Statement for SPD3
    Consultation Statement Supplementary Planning Document SPD3: Parking Standards and Design February 2012 LOCAL DEVELOPMENT FRAMEWORK LOCAL Trafford LDF – SPD3: Parking Standards and Design Consultation Statement – February 2012 -1- Trafford LDF – SPD3: Parking Standards and Design Consultation Statement – February 2012 CONTENTS 1 Introduction ............................................................................................... 3 2 Statement of Community Involvement Review ......................................... 3 3 Public Consultation ................................................................................... 3 4 Inspecting the Scoping and Issues and SPD3: Parking Standards and Design consultation papers .............................................................................. 4 5 Representations on the Scoping and Issues SPD and the SPD3: Parking Standards and Design consultation papers ..................................................... 4 6 Consultation Responses and Main Issues ................................................ 5 7 Main Changes to the SPD ........................................................................ 5 8. Next Steps ................................................................................................ 7 Appendix 1 - Specific Consultees ................................................................. 8 Appendix 2 – General Consultees ................................................................ 9 Appendix 3 – Other Consultation Bodies ...................................................
    [Show full text]
  • Investment Demand Continues to Recover
    Economics Q4 2016: UK Commercial Property Market Survey Investment demand continues to recover • Investment enquiries rise across all sectors • Occupier demand flat for offices and retail, but the industrial sector continues to outperform • Expectations for rental and capital value growth slip back into negative territory in central London The Q4 2016 RICS UK Commercial Property Market Survey Contributors were also asked whether or not they expect to results show investment demand continuing to pick-up see businesses moving from the UK over the next two years. following the volatility reported around the time of the EU At the national level, 39% thought it was likely that relocation referendum. Trends on the occupier side of the market are would occur (up slightly from 33% back in Q3) while the somewhat flatter, with only the industrial sector seeing a rise majority continued to think otherwise. However, over 50% of in tenant demand during Q4. Meanwhile, sentiment remains respondents in Central London, Northern Ireland and Scotland more subdued across London, with respondents (at an do believe firms will choose to move at least some part of their aggregate level) expecting rents and capital values to weaken business activity away from Britain as a result of Brexit. a little further in the near term. Focussing on the investment market, demand continued to Starting with the occupier market, demand from tenants recover for a second straight quarter with growth in enquiries increased modestly at the all-sector level for the second gaining momentum during Q4. Furthermore, all sectors were consecutive quarter. However, according to the feedback, reported to have seen a pick-up in demand, albeit the rise this was once again driven entirely by the industrial segment was only modest in the retail sector.
    [Show full text]
  • Experts in Central London Planning & Development
    EXPERTS IN CENTRAL LONDON PLANNING & DEVELOPMENT PLANNING & DEVELOPMENT Gerald Eve’s planning and development advisory business is one of the most respected in the UK. Consisting of over 100 professionals, we are one of the only fully integrated planning and development teams in our industry. The vast majority of the team are based in central London, working on some of the capital’s largest and most complex projects. Active in all London Acted for Advised all major central boroughs and the London developers and City of London REITS, including British Land, Derwent London, 50% Great Portland Estates, of London First's property Landsec and Stanhope and housing members We act for all the major London million estates, including The Bedford 15 sq ft £12.5 billion Estates, Capital & Counties Covent Garden, The Church of commercial gross development Commissioners, City of London, floorspace approved value The Crown Estate, Grosvenor Britain & Ireland, The Howard de Walden Estate, The Portman Estate, and Soho Estates 2 EXPERTS IN CENTRAL LONDON PLANNING & DEVELOPMENT OUR CENTRAL LONDON CLIENTS OUR CENTRAL LONDON CLIENTS 3 YOUR INTELLIGENT ADVISOR Gerald Eve is recognised among the UK’s leading experts in planning and development. Our clients look to us to help them realise or improve asset value. One of the largest fully integrated planning and development teams in the sector Deep understanding of the entire planning system Harnessing imaginative strategies and a tenacious approach to optimise outcomes Agile, flexible and adaptable to changing
    [Show full text]
  • 49 P51 AO1 Hot Noms.Qxp 04/12/2007 17:23 Page 51
    49 p51 AO1 Hot noms.qxp 04/12/2007 17:23 Page 51 www.propertyweek.com Analysis + opinion – Hot 100 51 07.12.07 ROLL OF HONOUR The following 527 rising stars were all nominated by readers, but did not receive enough votes to make it on to the Hot 100 list. However, we have decided to publish all of their names to recognise and reward their individual achievements Ab Shome, RBS Caroline McDade, Drivers Jonas Douglas Higgins Ian Webster, Colliers CRE Adam Buchler, Buchler Barnett Celine Donnet, Cohen & Steers Duncan Walker, Helical Bar Ian Webster, Savills Adam Oliver, Coleman Bennett Charles Archer, Colliers CRE Edward Offenbach, DTZ James Abrahms, Allsop Adam Poyner, Colliers CRE Charles Bull, DTZ Corporate Finance Edward Siddall-Jones, Nattrass Giles James Ackroyd, Colliers CRE Adam Robson, Drivers Jonas Charles Ferguson Davie, Moorfield Group Edward Towers James Bain, Mollison Adam Varley, Lambert Smith Hampton Charles Kearney, Gerry O’Connor Elizabeth Higgins, Drivers Jonas James Baker, Nice Investments Adam Winton, Kaupthing Estate Agents Elliot Robertson, Manorlane James Cobbold, Colliers CRE Agnes Peters, Drivers Jonas Charlie Archer, Colliers CRE Emilia Keladitis, DTZ Corporate Finance James Ebel, Harper Dennis Hobbs Akhtar Alibhai, Colliers CRE Charlie Barke, Cushman & Wakefield Emma Crowley, Jones Lang LaSalle James Feilden, GVA Grimley Alan Gardener, Jones Lang LaSalle Charlie Bezzant, Reed Smith Richards Butler Emma Wilson, Urban Splash James Goymour, Edward Symmons Alan Hegarty, Bennett Property Charlote Fourmont, Drivers Jonas
    [Show full text]
  • INVESTMENT BRIEF the Definitive Guide to UK Commercial Property Investment
    INVESTMENT BRIEF The definitive guide to UK commercial property investment Autumn 2020 geraldeve.com UK COMMERCIAL PROPERTY OVERVIEW AND OUTLOOK The main upfront economic interruption from the country-wide A fall in the equity dividend yield in line with the summer stock coronavirus lockdown has been quantified and UK output is market recovery has meant that the commercial property sector estimated to have fallen by 20.4% in Q2. The UK is officially looks increasingly expensive to income investors. However, in recession – the deepest one in the G7. Despite a 2021 as bond yields have fallen to new lows, and the spreads with bounceback there will be some significant sustained output property are relatively high, there is still a helpful risk premium losses and the economy will not return to its pre-pandemic level cushion for commercial property over the medium term. of output until 2022. The manufacturing sector is set to be hit much harder and take many years longer to recover. Property yields moved out sharply at the end of Q2, notably for Retail and Leisure, where business operations have been Q2 also marks a low point for commercial property investment hardest and most directly hit by the lockdown. For 2020 as transactions, with the total down 70% quarter-on-quarter to a whole we expect rents to fall 3.2% and yields to soften by just over £4 billion. Investors were risk-off in Q2 and trading 60 basis points – driven very much by the beleaguered retail centred on operational assets such as logistics, supermarkets sector. Higher yields will weigh on capital values and we and residential build-to-rent.
    [Show full text]
  • Careers in Property 2016
    Careers in Property 2016 This publication has been produced by Savills with the help of recruitment and training experts from real estate firms across the industry. It has been specifically designed for students looking to apply for graduate schemes or work experience. It offers a comprehensive guide to the contributors’ schemes and includes real life case studies. Contents Careers in Property 2016 ...................................................................................................................... 4 What is the APC? .................................................................................................................................. 6 Becoming a Professional; The Pathway to Success.......................................................................... 7 The Importance of Understanding your Client................................................................................ 11 The Value of the APC ......................................................................................................................... 12 Business Skills at the Core of a Career in Property .......................................................................... 14 Life in the Regions – Regional Opportunities ................................................................................... 15 A Career in Property is accessible to all........................................................................................... 17 The Art of Networking ........................................................................................................................
    [Show full text]
  • PATHWAYS to PROPERTY Review 2018 Pathways to Property Annual Review 2018
    READING REAL ESTATE FOUNDATION PATHWAYS TO PROPERTY Review 2018 Pathways to Property Annual Review 2018 PROJECT BACKGROUND Launched in 2012, the Pathways to The aims of the project are: Since the launch of the The project has run six Property project aims to widen access to the real estate profession by raising • To raise awareness of and aspirations project in 2012, Pathways Summer Schools: awareness of and aspirations about the about the diverse range of careers within to Property has: the sector amongst talented students vast range of careers available within the Engaged with over from various backgrounds, increasing sector. students505 have attended the residential the link between the industry and its Led by the Reading Real Estate Pathways to Property Summer School. future talent pool. Foundation at Henley Business School, 14,000students, almost... University of Reading, the project • To increase the diversity of applications was established as a response to the for Real Estate and Planning degrees of attendees had no family experience recognised lack of diversity in the 85% at Henley Business School by of higher education. industry. With the strong support of 3000teachers and careers advisors, and... promoting a career in the property the industry, the project has been able industry and providing students from almost to raise awareness and understanding less advantaged and non-traditional of the property sector amongst of attendees were female and... backgrounds with support into the 47% students, teachers, careers advisors industry through the Pathways to 900parents. and parents. With a successful outreach programme, the project has exposure to Property programme. Attended students from less advantaged and non- 23%of summer school attendees traditional backgrounds, highlighting the have gone on to study or work careers available within the sector and 203events in the property industry.
    [Show full text]
  • MULTI-LET INSIGHT SERIES the Definitive Guide to the UK’S Multi-Let Industrial Property Market
    MULTI-LET INSIGHT SERIES The definitive guide to the UK’s multi-let industrial property market ISSUE 1 – OCCUPIERS Summer 2020 geraldeve.com CONTENTS Page Welcome to Multi-Let 2020 3 Introduction 4 Contributors 5 Executive summary 7 The multi-let occupier base 7 Occupier overview 8 The gentrification of multi-let via increases in online activity 8 Trade counters 9 Logistics 9 General manufacturing 11 Food in multi-let 12 Individuals 13 Coronavirus: Occupiers in detail 14 Coronavirus: Impact on different sizes of unit 15 Regional distribution 16 Occupier in detail Trade counters 20 In-house logistics 20 Logistics 21 Leisure 22 Food 23 General manufacturers 24 High-tech engineers 25 On-site servicing 26 Off-site services 27 Quasi-offices 28 Glossary 32 Contacts 34 2 MULTI-LET SUMMER 2020 WELCOME TO MULTI-LET 2020 I’m really pleased to be able to share with you our latest findings on the UK multi-let industrial market. Much has been said about the expected growth of urban logistics in the wake of the coronavirus impacts on shopping and working. However, little detail has been reported on actual sub-segment structure and performance, and the real underlying drivers behind this expected growth. This is where this research comes in. John Rodgers We’ve teamed-up with the leading UK multi-let industrial landlords to Tel. +44 (0)20 3486 3467 produce a series of focused videos and reports for 2020. This industry [email protected] reference series covers assets worth a combined £18 billion and looks at multiple topics, ranging from the impact of the coronavirus on different occupier sectors through to an analysis of potential risks to cashflow and the investment outlook.
    [Show full text]
  • Cgms Consulting on Behalf of Twyford Abbey Properties
    LONDON BOROUGH OF EALING DEVELOPMENT (OR CORE) STRATEGY SUBMISSION DEVELOPMENT PLAN DOCUMENT – INDEPENDENT EXAMINATION HEARING SESSION TUESDAY 15 NOVEMBER 2011, 10.30 AM MATTER 9 – PROTECTING AND ENHANCING EALING’S GREEN AND OPEN SPACES Representations on behalf of Twyford Abbey Properties Ltd Personal Identification (Representor Number): 5 Representation Numbers: 22, 23, 24, 25, 26 and 28 October 2011 Planning G Heritage Specialist & Independent Advisors to the Property Industry Author: Valerie Scott Director Approved by: Richard Tilley Director Report Status: Final Issue Date: 10 October 2011 CgMs Ref: VJS/13250 © CgMs Limited No part of this report is to be copied in any way without prior written consent. Every effort is made to provide detailed and accurate information, however, CgMs Limited cannot be held responsible for errors or inaccuracies within this report. © Ordnance Survey maps reproduced with the sanction of the controller of HM Stationery Office. Licence No: AL 100014723 LB Ealing, Development (or Core) Strategy Submission Development Plan Document – Independent Examination – Matter 9 – Protecting Representation on behalf of and Enhancing Ealing’s Green and Open Spaces Twyford Abbey Properties Ltd CONTENTS PAGE(S) Introduction 4 Inspector’s Issues and Questions 4 Recommended Change to Policy and Text 7 APPENDICES 1. Site Plan 2. Display Boards 3. Draft Layout 4. Feasibility Appraisal 5. Marketing Report 6. Review of the Feasibility Appraisal and Marketing Report carried out by GL Hearn on behalf of the Council 7. Hotel Appraisal Report by GVA Grimley CgMs Ltd © 3/7 VJS/AW/7706 LB Ealing, Development (or Core) Strategy Submission Development Plan Document – Independent Examination – Matter 9 – Protecting Representation on behalf of and Enhancing Ealing’s Green and Open Spaces Twyford Abbey Properties Ltd Introduction 1.
    [Show full text]
  • PRIME LOGISTICS the Definitive Guide to the UK’S Distribution Property Market
    PRIME LOGISTICS The definitive guide to the UK’s distribution property market Summer 2020 geraldeve.com 2 PRIME LOGISTICS CONTENTS Page Introduction 4 2019 highlights 5 Occupier demand 7 Supply 11 Development 16 Investment 19 Labour and occupier costs 24 Brexit 27 Brexit: freeports 32 Impact of Covid-19 36 The Gerald Eve regions 38 Avon & Somerset 40 Berkshire & Wiltshire 42 Buckinghamshire & Bedfordshire 44 Cambridgeshire 46 Gloucestershire & Worcestershire 48 Greater Manchester 50 Humberside 52 Kent 54 London East 56 London North 58 London South 60 London West 62 Merseyside & Cheshire 64 North East 66 Northern East Midlands 68 Northern West Midlands 70 Oxfordshire 72 Scottish Central Belt 74 South Coast 76 South Wales 78 South Yorkshire 80 Southern East Midlands 82 Southern West Midlands 84 Suffolk & Essex 86 Surrey & Hampshire 88 West Yorkshire 90 Glossary 92 Contacts 95 CONTENTS 3 WELCOME TO PRIME LOGISTICS 2020 Our Prime Logistics research has been providing the industry with detailed and impartial analysis of the UK logistics property market since 2006. Covering buildings over 50,000 sq ft in size, this spring 2020 research covers an entire property market cycle, drawing on 15 years of quarterly data across each of our 26 Gerald Eve regions. During this period of great uncertainty, UK prime logistics property remains one of the most liquid and sought-after of all property investment propositions. However, as is the case for all property sectors, the necessary imposition of lockdown and social distancing measures due to the spread of Covid-19 has had a profound and immediate impact on the logistics market.
    [Show full text]