AUTOMOTIVE Our Network and Experience Knight Frank’s specialist Automotive team is a “…the rare ability to provide leading advisor to the automotive and roadside property sectors. We operate across the UK both an occupational perspective and overseas, advising occupiers, developers, landlords and lenders on car dealership, service as well as detailed investment advice” area, petrol station and roadside retail assets. We provide unparalleled advice and support

INTRODUCTION to our clients and back this up with industry- leading technology and market research. JOHN HUMBERSTONE Orchard Street Investment Management

We are supported by a network of 84 Knight Frank offices across the globe offering local knowledge that simply does not exist at the majority of other real estate practices. Combine this with our personal, impartial and tailored advice and the service is truly unrivalled.

We ensure that value from automotive property assets is maximised at all levels. Our clients’ trust is our primary goal, which is achieved through providing clear and honest advice, adopting a pro-active approach, and by continually exceeding expectations.

ADAM CHAPMAN National Head of Automotive

1 SPECIALIST PROPERTY SECTORS AUTOMOTIVE CAR DEALERSHIPS ROADSIDE FACILITIES OUR SERVICES

Franchised car dealership property in the Knight Frank Automotive has vast experience Unlike traditional real estate advisory teams UK has a total asset value of over £5bn. dealing with all roadside retail assets, which that focus on a single discipline, Knight Frank Knight Frank Automotive has excellent can range from tyre and exhaust centres to Automotive offers the full spectrum of agency relationships with leading manufacturers as drive-thru coffee units and outlets. and consultancy services, including: well as dealer groups. Unlike typical mainstream The ‘food to go’ store sector in particular has property assets, the influence of the incumbent seen significant growth and we have strong • Investment Transactions manufacturer franchise, and the power of the relationships and experience in dealing with the • Occupational Agency brand, cannot be understated, and indeed major operators across the industry. The team • Portfolio Reviews & Valuations this often truly drives value. An in-depth also has specialist expertise with respect to • Bank Valuations understanding of Corporate Identity standards, truck stops and car parks. We are highly skilled • Due Diligence for Business Acquisitions market territories and specific property in identifying new development opportunities • Site Finding requirements is therefore imperative, whether on brownfield land or through • Development Consultancy and requires genuine expert advice. conversion of existing property. • Lease Renewals & Surrenders • Rent Reviews & Lease Consultancy

PETROL STATIONS AND We have an extensive track record of dealing SERVICE AREAS with large-scale portfolios and individual assets, whether for major institutions or private clients. This sector has a UK ‘bricks and mortar’market value in the order of £7bn and has seen a considerable amount of activity in recent years. Within the petrol station sector there has been huge consolidation alongside the mass exit of major Oil Companies from the retailing arena,where they have focused on upstream WHAT IS AUTOMOTIVE PROPERTY? WHAT activities. This has presented unprecedented opportunities for petrol retailers to expand aggressively. The Service Area sector is much smaller, but conversely individual asset values are far higher (typically over £20m). Knight Frank Automotive is widely regarded as the leading “…have added genuine value to our UK real advisor in this highly niche field, having provided advice on over 75% of the UK network, as well estate, working with a personal, efficient and as overseas assets. professional approach at all times”

DANIEL MCHENRY Group 1 Automotive

3 SPECIALIST PROPERTY SECTORS AUTOMOTIVE RECENT TRACK RECORD UK – INVESTMENT 5 SPECIALIST PROPERTY SECTORSAUTOMOTIVE SPECIALISTPROPERTY VALUE: £4m ROLE: Acquisition CLIENT: InstitutionalFund SPALDING SERVICES VALUE: £6m+ ROLE: Off-market acquisition CLIENT: InstitutionalFund AUDI WAKEFIELD We have beendelightedwiththework “ …genuine automotivespecialists. they have undertaken forus” PETER GRIFFITHS Renault UK Renault VALUE: £3m+ ROLE: Sale CLIENT: LightstoneProperties VOLVO DEALERSHIP, NEWCASTLE VALUE: £10m+ ROLE: Off-market acquisition CLIENT: InstitutionalFund JAGUAR LANDROVER,STOCKPORT

VALUE: £20m+ ROLE: Disposalof four Audidealerships CLIENT: Aberdeen Standard THE AUDIPORTFOLIO VALUE: £14m+ ROLE: Off-market acquistion CLIENT: InstitutionalFund JAGUAR LANDROVER,LEEDS VALUE: £15m+ ROLE: Acquistion CLIENT: Property Company NCP CARPARK, HEATHROW VALUE: £20m+ ROLE: Disposalof five dealershipassets CLIENT: Privateoverseasinvestor THE BENZPORTFOLIO VALUE: £4m ROLE: Disposal CLIENT: PrivateInvestor ESSO/MORRISONS PETROLSTATION, BRISTOL VALUE: £3m+ ROLE: Saleandleaseback CLIENT: AFBlakemore &Sons SPAR FAIRFIELD SERVICE STATION, LOUTH RECENT TRACK RECORD UK – INVESTMENT 7 SPECIALIST PROPERTY SECTORSAUTOMOTIVE SPECIALISTPROPERTY VALUE: c.£35m ROLE: CLIENT: WOOLLEY EDGEMOTORWAY SERVICE AREA VALUE: ROLE: CLIENT: NCP CARPARK PORTFOLIO VALUE: ROLE: CLIENT: GLAZE PORTFOLIO Investment valuationadvice Investment disposal Investment acquisition c £500m c. £10m Orchard Street InvestmentManagement CPCO (Blackstone/RBS) Lightstone Properties VALUE: ROLE: CLIENT: NISSAN BRISTOL VALUE: ROLE: CLIENT: BMW MINITRING CLIENT: PFS INVESTMENTPORTFOLIO VALUE: ROLE: Acquisition ofanewtomarketinvestment Disposal Acquisition offourprimeinvestmentassets c. £6m c £7m c £11m AVIVA Lightstone Properties BlackRock CLIENT: SPIRIT PORTFOLIO VALUE: ROLE: VALUE: £6.5m ROLE: CLIENT: AXA FORD DAGENHAM Sale ofthree petrol stationinvestments Sale ofanewtomarketinvestment c. £4m Hudson Advisors “ A diligentandprofessionalapproach with ahighlevelofexpertise inthe motorway service areamotorway sector” service ANDREW LONG MSA Extra VALUE: ROLE: Acquisitionofanewsaleandleaseback investment CLIENT: KnightFrankInvestmentManagement LAND ROVER/HONDAMAZDA BIRMINGHAM VALUE: ROLE: CLIENT: JUICE PORTFOLIO Acquisition of14petrol station investments £17m c. £30m Investra CapitalLimited

RECENT TRACK RECORD UK - VALUATION 9 SPECIALIST PROPERTY SECTORSAUTOMOTIVE SPECIALISTPROPERTY LOCATION: SouthEast ROLE: CLIENT: DEALERSHIP PORTFOLIO LOCATION: SouthEast ROLE: CLIENT: NATIONAL CARPARKS LOCATION: ROLE: CLIENT: PETROL STATION INVESTMENTPORTFOLIO Portfolio valuationforsecured lending Pre-acquistion duediligence Valuation forsecured lending Supergroup Worthing Council Coutts Nationwide LOCATION: ROLE: CLIENT: DEALERSHIP PORTFOLIO LOCATION: ROLE: Portfoliovaluationforsecured lending CLIENT: KWIK FITPORTFOLIO LOCATION: ROLE: V CLIENT: NEWBUILD FRANCHISEDSHOWROOMDEVELOPMENT Portfolio valuationforsecured lending aluation forsecured lending Mon Motors Spring REIT Jacksons South Wales Nationwide Douglas, IsleofMan CLIENT: LEEDS SKELTON LAKEMSA LOCATION: NorthEast ROLE: CLIENT: MERCEDES-BENZ RETAIL ASSETS LOCATION: ROLE: Development valuationforsecured lending Pre-acquistion duediligence Extra MSAGroup LSH Auto Midlands &NorthWest LOCATION: Nationwide ROLE: Portfoliovaluationforsecured lending CLIENT: WELCOME BREAKPORTFOLIO LOCATION: ROLE: CLIENT: SPIRE AUTOMOTIVEPROPERTY PORTFOLIO Pre-acquistion duediligence Extra MSAGroup Group 1Automotive South East RECENT TRACK RECORD UK - FUND VALUATION SPECIALIST PROPERTY SECTORSAUTOMOTIVE11 SPECIALISTPROPERTY VALUE: £20m+ ROLE: Annualvaluationadvice CLIENT: CBREGi VALUE: £100m+ ROLE: Monthlyvaluationadvice CLIENT: Schroders CAR DEALERSHIPPORTFOLIO VALUE: £30m+ ROLE: Monthlyvaluationadvice CLIENT: BMO CAR DEALERSHIPPORTFOLIO VALUE: £7m+ ROLE: Quarterlyvaluationadvice CLIENT: THRealEstate FERRARI DEALERSHIP VALUE: £50m+ ROLE: Monthlyvaluationadvice CLIENT: L&G CAR DEALERSHIPPORTFOLIO VALUE: £70m+ ROLE: Monthlyvaluationadvice CLIENT: Aviva LIME PORTFOLIO VALUE: £10m+ ROLE: Monthlyvaluationadvice CLIENT: CCLA CAR DEALERSHIPASSETS VALUE: £29m+ ROLE: Monthlyvaluationadvice CLIENT: Aberdeen FLAGSHIP KIADEALERSHIP VALUE: £22m+ ROLE: Quarterlyvaluationadvice CLIENT: M&G PETROL STATION PORTFOLIO VALUE: ROLE: CLIENT: CAR DEALERSHIPPORTFOLIO Monthly valuationadvice £46m+ Aberdeen RECENT TRACK RECORD UK - OCCUPATIONAL AGENCY SPECIALIST PROPERTY SECTORSAUTOMOTIVE13 SPECIALISTPROPERTY VALUE: Various ROLE: Petrol stationacquisitionanddevelopment CLIENT: BP UK WIDEACQUISTIONS VALUE: Rental£475k ROLE: Leaseholddisposalofbespokeshowroom CLIENT: LandmarkCars LANDMARK CARSWESTLONDON VALUE: N/A ROLE: Occupationalconsultancy CLIENT: Westmorland GLOUCESTER MOTORWAY SERVICES VALUE: c£14m ROLE: Soledevelopmentandlettingadvisor CLIENT: Gateway Limited Cornish CORNWALL SERVICES VALUE: c.£4m ROLE: Freehold sale CLIENT:Motorline CAR DEALERSHIP, DARTFORD VALUE: Confidential ROLE: Leaseholddisposalforsuperpremium brands CLIENT: OrbitDevelopments ROLLS-ROYCE/MCCLAREN VALUE: Portfoliovalueenhancementc.£1m Rent review negotiationsonportfolioof13petrol stations ROLE: CLIENT: KennedyWilson SNAX 24PORTFOLIO VALUE: c.£30m ROLE: Disposalofthree BMW businesses CLIENT: Bedfordia Group ELMS BMWPORTFOLIO VALUE: Confidential ROLE: Saleoffreehold interest totheincumbenttenant CLIENT: Blackstone PEUGEOT WESTLONDON VALUE: Rental£360k ROLE: LeaseholddisposalsofFord andPeugeot CLIENT: BlackRock BASINGSTOKE AUTOPLAZA RECENT TRACK RECORD- OVERSEAS SPECIALIST PROPERTY SECTORSAUTOMOTIVE15 SPECIALISTPROPERTY VALUE: c.INR54.5m ROLE: Leaseholdacquisition CLIENT: ChryslerIndiaAutomotive CHRYSLER TECHCENTRE,CHENNAI, INDIA VALUE: Confidential ROLE: Acquisitionofassemblyplant,c.75,000sqft CLIENT: BMW(Thailand) BMW PLANTTHAILAND VALUE: c.$250m ROLE: Leaseholdacquisitionofhighprofile showroom CLIENT: BNFNYLLC JAGUAR LANDROVERMANHATTAN VALUE: ROLE: Leaseholdacquisition/value CLIENT: Glinicke JAGUAR LANDROVERFRANKFURT VALUE: c.$30mAUD ROLE: Disposalof14petrol stations CLIENT: Various PETROL STATIONS, AUSTRALIA VALUE: c.€23m ROLE: Valuation andbuildingconditionsurveys CLIENT: LeiShingHong MERCEDES-BENZ COTED’AZUR €180,000 rental ABOUTABOUT THE GROUP THE GROUP 418 OFFICES418 OFFICES

THERE’S A HUMANTHERE’S ELEMENT A HUMAN IN THEELEMENT WORLD IN OFTHE PROPERTY WORLD OF THAT PROPERTY IS TOO THATEASILY IS OVERLOOKED. TOO EASILY OVERLOOKED. 60 TERRITORIES60 TERRITORIES At Knight Frank weAt build Knight long-term Frank we relationships, build long-term which relationships, allow us to whichprovide allow usWe to providebelieve that inspiredWe believe teams that naturally inspired provide teams excellentnaturally provideand dedicated excellent and dedicated 15,020 15,020PEOPLE PEOPLE personalised, clearpersonalised, and considered clear advice and considered on all areas advice of property on all inareas all of propertyclient in all service. Therefore,client service. we’ve Therefore,created a workplacewe’ve created where a workplaceopinions are where opinions are key markets. We believekey markets. personal We interaction believe personal is a crucial interaction part of is ensuring a crucial part of ensuringrespected, whererespected, everyone iswhere invited everyone to contribute is invited to the to successcontribute of toour the success of our United KingdomUnited KingdomContinental EuropeContinental Europe every client is matchedevery clientto the isproperty matched that to suitsthe property their needs that bestsuits – their be it needs bestbusiness – be it and wherebusiness they’re and rewarded where they’refor excellence. rewarded The for result excellence. is that Theour result is that our commercial or residential.commercial or residential. people are more motivated,people are ensuringmore motivated, your experience ensuring withyour us experience is the best with us is the best that it can be. that it can be. 16 Territories 16 Territories Operating in locationsOperating where in our locations clients where need usour to clients be, we need provide us to be, we provide The Americas The Americas Austria / Belgium /Austria Cyprus / Belgium / Cyprus a worldwide servicea worldwide that’s locally service expert that’s and locally globally expert connected. and globally connected. Czech Republic / FranceCzech Republic / France 15 Territories 15 Territories Germany / Ireland Germany/ Italy / Monaco / Ireland / Italy / Monaco Argentina / Brazil Argentina / Brazil The Netherlands / ThePoland Netherlands / Portugal / Poland / Portugal Canada / Chile / ColombiaCanada / Chile / Colombia Romania / Russia Romania/ Spain / Russia / Spain Costa Rica / DominicanCosta Rica / Republic Dominican Republic Switzerland Switzerland Mexico / Peru Mexico / Peru FULL LISTFULL OF LISTSERVICES OF SERVICES Puerto Rico / The CaribbeanPuerto Rico (4) / The Caribbean (4) USA USA

COMMERCIALCOMMERCIAL RESIDENTIALRESIDENTIAL

SECTORS SERVICES TRANSACTIONAL PROFESSIONAL SERVICES 85 85 SECTORS SERVICES TRANSACTIONAL PROFESSIONAL SERVICES OFFICES OFFICES • Automotive • Automotive • Asset Management• Asset Management • Development Marketing• Development Marketing• Building Consultancy• Building Consultancy • Energy • Energy • Building Consultancy• Building Consultancy• International Residential• International Sales Residential• Compulsory Sales Purchase• Compulsory Purchase 2,145 2,145 PEOPLE • Healthcare • Healthcare • Business Rates• Business Rates • Investment & Lettings• Investment & Lettings• Consultancy • Consultancy PEOPLE • Hotels • Hotels • Capital Allowances• Capital Allowances Management Management • Corporate Services• Corporate Services 80 80 OFFICES • Industrial & Logistics• Industrial & Logistics• Capital Markets• Capital Markets • Lettings • Lettings • Interiors • Interiors OFFICES • Leisure • Leisure • Development Consultancy• Development Consultancy• Private Client Acquisition• Private Client Acquisition• Litigation • Litigation 1,035 • • Office • • Facilities Management• • Private Rented Sector• • Research 1,035 Office Facilities Management Private Rented Sector Research PEOPLE PEOPLE • Retail • Retail • Lease Advisory• Lease Advisory • Property Management• Property Management• Residential Asset• Residential Management Asset Management • Retail Warehouses• Retail Warehouses • Leasing • Leasing • Residential Capital• Residential Markets Capital Markets• Residential Mortgage• Residential Broking Mortgage Broking 169 • Student • Student • Planning • Planning • Sales • Sales • Rural Consultancy• Rural Consultancy 169 OFFICES OFFICES 3 3 • Project Management• Project Management • Valuations • Valuations OFFICES OFFICES • Property Management• Property Management 5,475 5,475 PEOPLE 50 • Research • Research PEOPLE 50 PEOPLE PEOPLE • Restructuring and• Restructuring Recovery and Recovery • Sales • Sales • Tenant Representation• Tenant Representation • Valuations • Valuations • 23 • Workplace Consultancy Workplace Consultancy 23 OFFICES 58 58 OFFICES OFFICES OFFICES • Energy and Sustainability• Energy and Sustainability Consultancy Consultancy 700 700 5,615 PEOPLE 5,615 PEOPLE PEOPLE PEOPLE

Asia Pacific Asia Pacific

Africa Africa 14 Territories 14 Territories 10 Territories 10 Territories Australia / CambodiaAustralia / Cambodia Botswana / Kenya Botswana/ Malawi / Kenya / MalawiThe Middle EastThe Middle East China / Hong KongChina / Hong Kong Nigeria / Rwanda /Nigeria South Africa/ Rwanda / South Africa India / Indonesia India / Indonesia CONNECTING PEOPLECONNECTING & PROPERTY, PEOPLE PERFECTLY & PROPERTY,. PERFECTLY. Tanzania / UgandaTanzania / Zambia / Uganda / Zambia Japan / Malaysia Japan / Malaysia Zimbabwe Zimbabwe 2 Territories 2 Territories New Zealand / Philippines New Zealand / Philippines To find out more about our worldwide expertise, To find out more about our worldwide expertise, The Kingdom of SaudiThe KingdomArabia of Saudi Arabia Singapore / South SingaporeKorea / South Korea visit KnightFrank.com visit KnightFrank.com The United Arab EmiratesThe United Arab Emirates Taiwan / ThailandTaiwan / Thailand CONTACT US SPECIALIST PROPERTY SECTORSAUTOMOTIVE19 SPECIALISTPROPERTY [email protected] +44 1132971956 Partner –Automotive ALASTAIR COATES [email protected] +44 1212336464 Surveyor ED PRICE [email protected] +44 1212336426 Head ofAutomotive ADAM CHAPMAN [email protected] +44 1212336428 Partner -Automotive TOM POYNTON [email protected] +44 1132885263 Associate –Automotive RICHARD SYERS [email protected] +44 2038260668 Head ofBusinessRates KEITH COONEY [email protected] +44 1212336462 Partner -Project &BuildingConsultancy DREW WATKINS [email protected] +44 2078611222 Head ofSpecialistProperty SHAUN ROY [email protected] +44 1618387786 Partner –BuildingConsultancy NICK PLATT [email protected] +44 1618337721 Partner –BusinessRates JOHN SCULLY [email protected] +44 2078611450 Partner -SpecialistProperty CHARLES FLETCHER KnightFrank.co.uk

IMPORTANT NOTICE © Knight Frank LLP 2018 – This report is published for general information only and not to be relied upon in any way. Although high standards have been used in the preparation of the information in this report, no responsibility or liability whatsoever can be accepted by Knight Frank LLP and Newmark Knight Frank for any loss or damage resultant from any use of, reliance on or reference to the contents of this document. As a general report, this material does not necessarily represent the view of Knight Frank LLP and Newmark Knight Frank in relation to particular properties or projects. Reproduction of this report in whole or in part is not allowed without prior written approval of Knight Frank LLP and Newmark Knight Frank to the form and content within which it appears. Knight Frank LLP is a limited liability partnership registered in England with registered number OC305934. Our registered office is 55 Baker Street, London, W1U 8AN, where you may look at a list of members’ names. This report was written during the period January to February 2018, based on evidence and data available to Knight Frank LLP and Newmark Knight Frank at the time.

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