NATIONAL INVESTMENT LONG INCOME/ ALTERNATIVES · Sale & Leaseback let to Q-Park on a new 35 year...

LONG INCOME/ ALTERNATIVES

MARKET UPDATE

NATIONAL INVESTMENT

ALTERNATIVE SECTOR ASSETS SOLD OR BOUGHT OVER THE LAST 12 MONTHS

ALTERNATIVES WEIGHTED AVERAGE YIELD & 10 YEAR GILT YIELD

As GILT returns remain low, alternative investments continue to offer attractive yields in a secure and defensive sector.

ALLSOP’S LONG INCOME / ALTERNATIVES HIGHLIGHTS 2018/2019

ALLSOP’S LONG INCOME / ALTERNATIVES HIGHLIGHTS 2018/2019

MARKET UPDATE MARKET UPDATE

10 Year GILT Yield

Alternative AvgWeighted Yield

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%

5.50%

6.00%

6.50%

7.00%

7.50%

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Feb2019

Yie

ld (

%)

Year

£330m of Alternative / long income transactions in the past 12 months

Deal range of £1.5m to £130m (Private Treaty)

Unrivalled marketing list including over 50,000 investors

Average alternative sector deal size of £11.6m (Private Treaty)

Alternative / long income deal done every week

£The above graph highlights the increase in the yield gap between the Alternatives Sector weighted average yield and 10 year government GILTS.

ALLSOP LONG INCOME / ALTERNATIVES TRANSACTIONS

2O18/2O19

LONG INCOME / ALTERNATIVES

Prepared by: Allsop LLP33 Wigmore Street, London W1U 1BZ

PROJECT KEY

Portfolio of 45 pubs located nationally. Let to Spirit Pubs for a further 15.5 years with fixed uplifts

PUBLIC HOUSES

Portfolio of 6 Hotels let to Travelodge for a further

19 years with uncapped RPI linked rent reviews

HOTELSPROJECT ROYAL

Client: ApriroseVendor: British Land

Price: £130m Client: M&G Real EstatePurchaser: Private Investor (Overseas)

Price: £22.77mNIY: 5.60%

PROJECT KEY


2018/2019 Long Income Alternatives Transaction Highlights



CAR PARK

Long Income Investment let to NCP Car Parks for a further 21 years with RPI linked rent reviews

CAR PARK

Long Income Investment let to NCP Car Parks for a further 17.5 years with RPI linked rent reviews

PUBLIC HOUSE

Pub let to Genius Star for a further 25 years with fixed uplifts

GYM

Gym let to David Lloyd for a further 17 years with RPI uplifts

HEATHCOTE ARMS, GROVE GREEN, LEYTONSTONE

Price: £2.88m Client: Private Investor (Overseas)NIY: 5.06% Purchaser: Private Investor (UK)

DAVID LLOYD, 24 CABOT LANE, POOLE

Price: £10.76m Vendor: S.I. Pension TrusteesNIY: 4.71% Client: CBRE Global Investors

NCP CAR PARK, MOUNT STREET, NOTTINGHAM

Price: £22.45m Vendor: Global MutualNIY: 4.20% Client: Staffordshire County Council

NCP THE SQUARE, RICHMOND HILL, BOURNEMOUTH

Marketing Price: £5.54m Client: Global MutualNIY: 5.25%

LONG INCOME / ALTERNATIVES LONG INCOME / ALTERNATIVES

CAR SHOWROOM

Iconic Car Showroom located on Chiswick roundabout let to Tesla for a further 9 years

CAR SHOWROOM

Car Showroom let to Vertu Motors for a further 15 years with fixed uplifts


PETROL STATION

Petrol Station & Convenience Store let to Co-op for a further 10 years with fixed uplifts

PETROL STATION

Petrol Station & Convenience Store let to Co-op for a further 10 years with fixed uplifts

CO-OP PETROL STATION, WATERHOUSE LANE, CHELMSFORD

Price: £3.80m Client: Investra CapitalNIY: 5.75% Purchaser: Chelmsford City Council

CO-OP PETROL, MILLBROOK ROAD WEST, SOUTHAMPTON

Price: £4.00m Client: Investra CapitalNIY: 5.50% Purchaser: OLIM

TESLA, 109 DEVONSHIRE ROAD, CHISWICK, W4 2AN

Price: £10.10m Vendor: IWA Holdings LimitedNIY: 4.45% Client: Private Investor (Overseas)

INFINITI CAR SHOWROOM, NEWCASTLE UPON TYNE

Price: £3.70m Client: DVS PropertyNIY: 5.37% Purchaser: Private Investor (Overseas)


Well located student accommodation let on individual ASTs

STUDENT ACCOMMODATION

NURSERY

Nursery let to Busy Bees Nurseries for a further 23.5 years with fixed uplifts

DATA CENTRE

Data Centre let to Virgin Media for a further 15.5 years with fixed uplifts

BUSY BEES NURSERY, SPRINGFIELD ROAD, CHELMSFORD

Price: £2.75m Client: Friar House InvestmentsNIY: 4.51% Purchaser: Morley Stores Limited

DATA CENTRE, SOUTH GYLE, EDINBURGH

Price: £2.95m Client: West Midlands Metropolitan Authority Pension FundNIY: 6.28% Purchaser: CBREGI

Client: Private Investor (UK)Marketing Price: £9.25mGIY: 7.85%

CITY VIEW JESMOND, ESKDALE TERRACE, JESMOND, NEWCASTLE UPON TYNE



Sale & Leaseback let to Q-Park on a new 35 year lease with RPI uplifts

CAR PARK

Sale & Leaseback let to Q-Park on a new 35 year

lease with RPI uplifts

CAR PARKQ-PARK, WATERLOO STREET, GLASGOW

Client: Q-ParkPurchaser: M&G Real Estate

Price: £16.60mNIY: 4.40%

Client: Q-ParkPurchaser: Elstar

Price: £4.56mNIY: 4.98%

Q-PARK, CASTLEGATE, SHEFFIELD



WALTON HOUSEST JOSEPHS

LAS ARENASBEACH LODGE

BLACKBIRD COTTAGE

ESSEX HOUSE

WALTON WALLS

Long Income Investment let to Butlins Skyline with an unexpired lease term of 23.75 years with RPI uplifts

STAFF ACCOMMODATION

Landmark mixed use leisure investment with a WAULT of 36 years and index linked

fixed rental uplifts

MIXED USEST JOSEPHS VILLAGE, ALBERT ROAD, BOGNOR REGIS

Client: Private Investor (UK)Marketing Price: £10.80mNIY: 5.25%Under Offer

Client: Private Investor (UK)Marketing Price: £34.80mNIY: 4.75%

ARUNDEL GATE, SHEFFIELD

[email protected]

ALL SECTORS

ALL SIZES

ALL SOLD

SPECIALIST INVESTMENT SERVICES

With over 150 years’ experience, our investment teams specialise in commercial investment sales, acquisitions, and development opportunities across the UK, in the office, industrial, retail and mixed use sectors.

National Investment Sales/Acquisitions & Development

Portfolio Sales/Acquisitions

Dedicated Private Client Team

2O19

THE TEAM

Jonathan ButcherAssociate

020 7543 6755

Richard LeaAssociate

020 7543 6832

Lottie HaywardAssociate

020 7543 6750

Tom DalesAssociate

020 7543 6866

Liam StraySenior Surveyor

020 7543 6769

Jeremy HodgsonPartner

020 7543 6709

Scott TylerPartner

020 7543 6719

Alex ButlerPartner

020 7543 6722

Dale JohnstonePartner

020 7543 6796

James SalmonAssociate

020 7543 6880

Ronnie MorganSurveyor

020 7543 6808

Andrew WiseSurveyor

020 7543 6731

Gergo PetrovicsGraduate Surveyor

020 7543 6847

David HammondConsultant

020 7543 6721

allsop.co.uk

OFFICES

Head office:33 Wigmore Street London W1U 1BZTel: +44 (0)20 7437 6977

City office:2 Copthall Avenue London EC2R 7DATel: +44 (0)20 7588 4433

Leeds office:8th Floor, Platform New Station Street Leeds, LS1 4JBTel: +44 (0)113 236 6677

SERVICES

Asset ManagementAuctionsBuild to RentBusiness RatesDevelopment Agency & AdvisoryInvestment (Sales & Acquisition)Lease ConsultancyLetting and ManagementOffice Leasing (Central London)ReceivershipStudent HousingValuations

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