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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. -
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 -
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 ................................................... -
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. -
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 -
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 -
New Accounts
Property Ref Account Holder Account Holder Address Address Address Address Postcode Rv VO Property DescriptionVO CodeProperty Description Liable From Mandatory Discretionary SBRR Empty Property Correspondence Address Correspondence Address Correspondence Address Correspondence Postcode 6100240002302 UNIT 1 23 ANGEL PLACE WORCESTER WR1 3QN 9900 CS3 shop and premises 01/07/2016 N N Y N DUDLEY DY1 2SS 6100241001100 11 ANGEL STREET WORCESTER WR1 3QT 15000 CR Restaurant and Premises 06/07/2016 N N N N 6100362000210 WESTON SPENCER GROUP LTD 2 THE AVENUE THE CROSS WORCESTER WR1 3QA 7300 CO Offices and Premises 01/08/2016 N N N N WESTGATE WAKEFIELD WF1 1EP 6100453003103 31A BARBOURNE ROAD WORCESTER WR1 1SA 4350 CS SHOP AND PREMISES 01/07/2016 N N Y N WORCESTER WR3 7DQ 6100453004600 NICOL & CO ESTATE AGENTS LIMITED GND FLOOR RIGHT 46 BARBOURNE ROAD WORCESTER WR1 1HU 11250 CS7 SHOWROOM AND PREMISES 05/08/2016 N N N Y DROITWICH SPA WORCS WR9 8QY 6100685000130 LANSDOWNE RODWAY ESTATES LTD UNITS G1-G3 BLACKPOLE EAST WORCESTER WR3 8SG 33250 CW Warehouse and Premises 21/07/2016 N N N Y BLACKPOLE EAST WORCESTER WR3 8SG 6100685000130 LANSDOWNE RODWAY ESTATES LTD UNITS G4-G5 BLACKPOLE EAST WORCESTER WR3 8SG 24500 CW Warehouse and Premises 21/07/2016 N N N Y BLACKPOLE EAST WORCESTER WR3 8SG 6100685000131 LANSDOWNE RODWAY ESTATES LTD UNITS G1-G3 BLACKPOLE EAST WORCESTER WR3 8SG 33250 CW Warehouse and Premises 21/07/2016 N N N Y BLACKPOLE EAST WORCESTER WR3 8SG 6100685000131 LANSDOWNE RODWAY ESTATES LTD UNITS G4-G5 BLACKPOLE EAST WORCESTER WR3 8SG 24500 CW -
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. -
In This Issue
In this issue... Education and Early Years All the best local events & activities for families Clubs and Classes Halloween and autumn family fun PROFESSIONAL TUITION CENTRES In Portsmouth and Fareham Maths English Reading/Writing Spelling 11+ CALL NOW Enrol your child and watch their confidence and self-esteem grow Telephone: Portsmouth 02393 96 86 26 Fareham 01329 738 100 • www.ilovetolearn.co.uk Issue 84 September/October 2019 familiesonline.co.uk familiesonline.co.uk Families Solent East 1 * FAMILY TICKETS AVAILABLE THE BUTTERFLY LION FAMILY FRIENDLY FOYLE FUN PALACES THE SPIEGELTENT THE GRUFFALO OI FROG A MONSTER CALLS THE WIZARD OF OZ BALLET JUGGLING PUPPETRY MUSIC & MORE cft.org.uk/forfamilies 01243 781312 *Subject to availability. T&Cs apply. SPACES SWIMMING AVAILABLE LESSONS NOW! DON’T PANIC, WE’VE GOT THIS Enrol today at www.everyoneactive.com/swim-lessons 14836_Families Ads_31 Aug.indd 9 06/08/2019 14:04 Managing Editor Caroline Roope Editorial and Design Caroline Roope [email protected] Tel: 02392 042 874 / 07967 597779 Advertising Claire Clarricoates [email protected] Next issue November/December 2019 Booking deadline 7 October 2019 4 Clubs and Classes 6 You cannot pour from an empty cup... 7 It's party time! 8 Education and Early Years 12 Halloween and autumn family fun What's On! Copyright: Families Solent East 2019 16 Families Solent East is part of Families Print Ltd, a franchise company. All franchised magazines in the group are independently owned and operated under licence. Families is a registered trademark of LCMB Ltd, Remenham Find us on House, Regatta Place, Marlow Road, Bourne End, Bucks SL8 5TD. -
AEW UK Real Estate Fund
AEW UK Real Estate Fund Annual Report and Financial Statements for the year ended 31 December 2019 AEW UK Core Property Fund AEW UK Real Return Fund 2019 AEW UK – Winner, UK Property Manager of the Year Pension Investment Provider Awards Contents Statement of Authorised Status of the Scheme 1 Basis of Reporting 1 Statement concerning the debts of the Company 1 Managing Director’s report 2-7 Role of the Authorised Corporate Director (ACD) 8-9 Report from the Chair of the Governance Committees 10-13 Assessment for Value report 14-17 Statement of the ACD’s Responsibilities 18 ACD’s Statement 18 Statement of Depositary’s Responsibilities 19 Report of the Depositary 19 Report of the Auditor 20-22 AEW UK Core Property Fund Fund Manager’s Report 24-35 Fund Objective 36 Investment Benchmark 36 Investment Policy 36 Investment Strategy 36 Investment Guidelines 37 Report of the Valuer 38-41 Portfolio Statement 42-44 Summary of Material Portfolio Changes 45 Fund Information 46-52 Statement of Total Return 53 Statement of Changes in Net Assets Attributable to Shareholders 53 Balance Sheet 54 Statement of Cash Flows 55 Notes to the Financial Statements 56-77 Distribution Tables 78-79 AEW UK Real Return Fund Fund Manager’s Report 81-90 Fund Objective 91 Reference Benchmark 91 Investment Policy 91 Investment Strategy 92 Investment Guidelines 92-94 Report of the Valuer 95-97 Portfolio Statement 98-100 Summary of Material Portfolio Changes 101 Fund Information 102-107 Statement of Total Return 108 Statement of Changes in Net Assets Attributable to Shareholders 108 Balance Sheet 109 Statement of Cash Flows 110 Notes to the Financial Statements 111-129 Distribution Tables 130-131 Depositary, ACD & Advisers 132 AEW UK Real Estate Fund • Annual Report and Financial Statements • 31 December 2019 AEW UK Real Estate Fund Statement of Authorised Status of the Scheme The AEW UK Real Estate Fund (the ‘Company’) is an open-ended investment company which is a Property Authorised Investment Fund (‘PAIF’) registered in England and Wales under registered number IC000974. -
List of All Live Business Rates Addresses with Associated Current Account As at 31St August 2017 Where Disclosure Permitted
List of all live Business Rates addresses with associated current account as at 31st August 2017 where disclosure permitted. Full Property Address Primary Liable party name Account Start date 154, Horn Lane, London, W3 6PG Right Flooring Ltd 04/11/2011 Units 16 17 18 Acton Park Ind Est, The Vale, London, W3 7QE Jack Morton Worldwide Ltd 01/04/1990 Unit 19a Acton Park Industrial Estate, The Vale, London, W3 7QE Clearspring Ltd 23/12/1991 Unit 19 Acton Park Industrial Estate, The Vale, London, W3 7QE Waterrower (Uk) Ltd 31/05/2013 Unit 33 & 34, Acton Park Industrial Estate, The Vale, London, W3 7QE Allan Reeder Ltd 08/06/2011 Unit 35 Acton Park Industrial Estate, The Vale, London, W3 7QE Howden Joinery Ltd 13/02/2015 Unit 36 Acton Park Industrial Estate, The Vale, London, W3 7QE Unique Ltd 11/07/2014 26-28, Agnes Road, London, W3 7RE Cleaning By Appointment Ltd 15/06/1992 14, Alliance Court, Alliance Road, London, W3 0RB Alternative Business Machines Ltd 31/07/2015 15, Alliance Court, Alliance Road, London, W3 0RB National Grid Uk Pension Scheme Trustee Ltd 24/03/2017 16, Alliance Court, Alliance Road, London, W3 0RB Swiss Post Solutions Ltd 01/04/2011 19, Alliance Court, Alliance Road, London, W3 0RB National Grid Uk Pension Scheme Trustee Ltd 24/03/2017 20-21, Alliance Court, Alliance Road, London, W3 0RB Beach Course Ltd 02/12/2002 22, Alliance Court, Alliance Road, London, W3 0RB National Grid Uk Pension Scheme Trustee Ltd 08/07/2016 23, Alliance Court, Alliance Road, London, W3 0RB Enlighten Smiles Ltd 17/09/2015 3, Warple Way, London, -
Eastleigh Borough Council Retail and Leisure Needs Assessment 2017 Final Report
EASTLEIGH BOROUGH COUNCIL RETAIL AND LEISURE NEEDS ASSESSMENT 2017 FINAL REPORT July 2017 One Chapel Place, London, W1G 0BG CONTENTS 1 INTRODUCTION 1 2 PLANNING POLICY REVIEW 3 NATIONAL PLANNING POLICY FRAMEWORK (NPPF) 3 CHANGES TO PERMITTED DEVELOPMENT RIGHTS 5 LOCAL PLANNING POLICY CONTEXT 5 SUMMARY 8 3 RETAIL AND TOWN CENTRE TRENDS 9 RETAIL TRENDS 9 SPECIAL FORMS OF TRADING AND INTERNET SHOPPING 10 FLOORSPACE ‘PRODUCTIVITY’ GROWTH 12 IMPACT OF OUT-OF-CENTRE RETAILING 12 CHANGING RETAILER REQUIREMENTS 13 VACANCY LEVELS 14 TRENDS IN RETAIL-LED INVESTMENT AND DEVELOPMENT 15 INDEPENDENTS AND MARKETS 16 SUMMARY 17 4 CATCHMENT AREA & SHOPPING PATTERNS 19 STUDY AREA AND ZONES 19 HOUSEHOLD TELEPHONE INTERVIEW SURVEY & MARKET SHARE ANALYSIS 21 5 TOWN CENTRE HEALTH CHECKS: METHODOLOGY 27 6 EASTLEIGH TOWN CENTRE - HEALTH CHECK ASSESSMENT 29 CONTEXT 29 RETAIL COMPOSITION & DIVERSITY OF USES 30 MULTIPLE AND INDEPENDENT RETAIL REPRESENTATION 34 MARKETS 34 VACANCIES 34 RETAILER DEMAND & REQUIREMENTS 35 PRIME ZONE A RENTS 35 ACCESSIBILITY & PEDESTRIAN FLOWS 36 CUSTOMER VIEWS AND PERCEPTIONS 38 ENVIRONMENTAL QUALITY 39 OUT-OF-CENTRE PROVISION 40 NEW INVESTMENT & POTENTIAL DEVELOPMENT 40 SUMMARY 40 7 HEDGE END DISTRICT CENTRE - HEALTH CHECK ASSESSMENT 42 CONTEXT 42 RETAIL COMPOSITION & DIVERSITY OF USES 42 VACANCIES 44 RETAILER DEMAND 45 PRIME ZONE A RENTS 45 ACCESSIBILITY 45 CUSTOMER VIEWS AND PERCEPTIONS 45 ENVIRONMENTAL QUALITY 47 OUT-OF-CENTRE PROVISION 47 SUMMARY 48 8 FRYERN CENTRE, CHANDLER’S FORD DISTRICT CENTRE - HEALTH CHECK ASSESSMENT 50 i