MARKET UPDATE

NATIONAL INVESTMENT

VarietyAll Sectors CoveredPortfolios, Alternatives, Office, Retail & Industrial

VolumeOver £585m+ Transacted in 2O19

Vast DatabaseOver 50,000 RegisteredPrivate UK & Overseas Investors

Visited900,000+ Websites Visits to our Sales Platform

Victory for BorisEven more success to come in 2O2O!

VOLUME OF DEALS

NUMBER OF DEALS

UK

INV

ESTM

ENT

TRA

NSA

CTI

ON

S BY

QU

AR

TER

2019 - Q4 (QTD)

£7.16bn 363

2019 - Q3 £12.57bn 679

2019 - Q2 £8.59bn 576

2019 - Q1 £10.80bn 703

YEAR ON YEAR TRANSACTIONAL VOLUME

-34%YEAR ON YEAR NUMBER OF DEALS

-20%

SECTOR DECEMBER 2O19

HIGH STREET RETAIL

Prime Shops 5.50%Secondary Shops 8.25%-9.00%Allsop Auction Grade A Shops 6.00%Allsop Auction Grade B Shops 8.50%Allsop Auction Grade C Shops 11.00%++OUT OF TOWN RETAIL

Fashion Parks 6.50% - 6.75%Parks Open A1 7.00% - 7.25%Bulky Good Parks 7.00% - 7.25%Solus Units (Open A1) 6.00% - 6.25%Solus Units (Bulky Goods) 6.00% - 6.25%SHOPPING CENTRES

Prime 6.00% - 6.75%Secondary 9.00%Local 12.00%++FOOD STORES

Supermarkets Annual RPI 4.00%Supermarkets OMRR 4.75%Convenience 5.25%OFFICES

West End Prime 3.75%City Prime 4.25%Regional Cities 4.75%South East Business Parks 6.00% - 6.25%Regional Business Parks 6.75% - 7.00%INDUSTRIALS

Prime Distribution (with fixed uplifts) 4.00%Prime Distribution (OMRV) 4.25%Prime South East Estates (exc Heathrow & London) 4.00%Prime Regional Estates 4.75%Secondary Regional Estates 6.00%LEISURE

Out of Town 5.75%In Town 5.50%SPECIALIST

Car Showroom (Dealer Covenant with fixed uplifts) 4.50% - 4.75%Budget Hotel (with fixed uplifts) 4.00%

UK VOLUME & YIELD GUIDEMARKET UPDATE

PUBLIC HOUSE PORTFOLIO

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

PROJECT ROYALPrice: £130m Client: Aprirose Vendor: British Land

NATIONAL INVESTMENT

2O19 Review Market Update

MIXED-USE PORTFOLIO

Diverse multi-let portfolio compromising 8 properties across industrial, office, retail and residential uses.

CASTLE PORTFOLIOPrice: £18.63m Client: Private InvestorNIY: 5.68% Purchaser: UndisclosedCASTLE PORTFOLIO

SOUTH COAST MIXED USE PORTFOLIO

Q-PARK, WATERLOO STREET, GLASGOW

Client: Q-ParkPurchaser: M&G Real Estate

Price: £16.60MNIY: 4.40%

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

year lease with RPI uplifts

CAR PARK

NATIONAL INVESTMENT

2O19 Review Market Update

CAR PARK

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

Q-PARK, SURREY STREET, CROYDONPrice: £9.68m Client: Q-ParkNIY: 5.00% Purchaser: LXi REIT

GYM

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

DAVID LLOYD, 24 CABOT LANE, POOLEPrice: £10.76m Client: CBRE Global InvestorsNIY: 4.71% Vendor: Colliers Capital

NATIONAL INVESTMENT

2O19 Review Market Update

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

PROJECT KEY

HOTELS

Portfolio of 6 Hotels let to Travelodge for a further 19 years with uncapped RPI linked rent reviews

PROJECT KEYPrice: £22.80m Client: M&G Real EstateNIY: 5.60% Purchaser: Private Investor (Overseas)

RETAIL & LEISURE

Prime long income multi-let retail and leisure investment.

UNITS 1-9 FIRST STREET, MANCHESTERPrice: £11.15m Client: PatriziaNIY: 6.63% Purchaser: Private Investor (Overseas)

VESTRY STREET STUDIOS, 10-18, 20-22 VESTRY STREET, N1 7RE

Client: WorkspacePurchaser: Private Investor

Price: £19.25mNIY: 5.00%

Prime Shoreditch office arranged within three self-contained buildings and multi-let to 13 tenants

OFFICE

QUALITY COURT, OFF CHANCERY LANE, WC2A 1JE

Client: WorkspaceExchangedQuote Price: £17m

Prime Midtown office multi-let to 30 tenants with significant

asset management potential

OFFICE

PAVILION RETAIL PARK, BRIGHTON

Client: CCLAVendor: AVIVA Investors

Price: £32mNIY: 5.53%

Prime south coast retail park with excellent national tenant line up and significant short term rental growth potential.

RETAIL PARK

PAVILION RETAIL PARK, BRIGHTON

NATIONAL INVESTMENT

2O19 Review Market Update

RETAIL PARKPrime freehold retail warehouse secured to Wickes for a further 13.5 years.

WICKES, CHURCHILL WAY, BASINGSTOKEPrice: £12m Client: Local AuthorityNIY: 5.44% Vendor: Schroders

RETAIL

Prime High Street Bank let to HSBC Bank plc until 2027 subject to RPI indexed income.

HSBC, 52-54 CLARENCE STREET, KINGSTON UPON THAMES, KT1 1NPPrice: £7.445m Client: AVIVA InvestorsNIY: 4.75% Purchaser: Private Investor (Overseas)

107-143 MUSWELL HILL ROAD, LONDON

Client: Nuveen IMPurchaser: DTZIM Investors

Price: £21.80mNIY: 4.34%

Prime North London freehold investment with development potential.

RETAIL

107-143 MUSWELL HILL ROAD, LONDON DUKESBRIDGE, DUKE STREET, READING RG1 4SA

Client: M&G Real EstatePurchaser: Private Investor

Price: £10.9m Prime Town Centre Mixed Use Investment With Major

Development Potential

MIXED USE DEVELOPMENT

INDUSTRIAL

Long income HQ industrial investment let to the 5A1 covenant of Koito Ltd.

KOITO, KINGSWOOD ROAD. HAMPTON LOVETT INDUSTRIAL ESTATE, DROITWICH SPA WR9 0QHPrice: £11.89m Client: Telereal TrilliumNIY: 6.50% Purchaser: Atlantic Leaf

INDUSTRIAL PORTFOLIO

Portfolio of three multi-let industrial estates in core commercial locations in Birmingham, Northampton and Exeter.

PROJECT EVERGREENPrice: £13.835m Client: Kames Property Income Fund Purchaser: Undisclosed

evergreenPROJECT

NATIONAL INVESTMENT

2O19 Review Market Update

firstname.surname@allsop.co.uk

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

NATIONAL INVESTMENT

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

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