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Investment director at Jones Lang LaSalle discussed the UK industrial investment market
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The North West Investment Market
James PorteousDirector, Capital MarketsJune 2013
Investment
Current trends – UK Investment Activity
Greater London
45%Rest of UK55%
Investment Activity: 2006-2010
Greater London
54%
Rest of UK46%
Investment Activity: 2011-2012
Current trends – who are the vendors ?
43%
3%7%
30%
3% 13% Institutions / Pooled Funds
Private Investor
Propco's
Insolvency / Consensual
Unknown
Other
Source: Jones Lang LaSalle, 2013
Current trends – who are the purchasers
33%
67%
Source: Jones Lang LaSalle, 2013
33%UK
67%Global 2012 (£m)
Global Sources of FundsNB: Other geographies or unknown capital accounted to GBP 1.5 billionSource: Jones Lang LaSalle; Property Data (UK); October 2011
UK DomesticAmerica
Global
Asia Pacific
Middle East
Europe
Industrial Property Volumes
Source: Jones Lang LaSalle, March 2013
Limited new development and available stock
Current trends
Prime multi-let industrial and single let distribution yields
Key TransactionsOmega Warrington
Brake Brothers £19.0m
LIM 6.0%
Key TransactionsRevolution Park, Chorley
Encon Insulation £6.6m
AUB Fund 7.75%
10 years unexpired
Key TransactionsBuckshaw
6.5 years to expiry
225,196 sq ft
£10,250,000 – 9.2%
20% Vacant
SE will remain expensive
Who are and will be the purchasers?2013–2014
Thank You