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The North West Investment Market James Porteous Director, Capital Markets June 2013 Investment

Logistics 2013: James Porteous

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Investment director at Jones Lang LaSalle discussed the UK industrial investment market

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Page 1: Logistics 2013: James Porteous

The North West Investment Market

James PorteousDirector, Capital MarketsJune 2013

Investment

Page 2: Logistics 2013: James Porteous

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

Page 3: Logistics 2013: James Porteous

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

Page 4: Logistics 2013: James Porteous

Current trends – who are the purchasers

33%

67%

Source: Jones Lang LaSalle, 2013

33%UK

67%Global 2012 (£m)

Page 5: Logistics 2013: James Porteous

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

Page 6: Logistics 2013: James Porteous

Industrial Property Volumes

Source: Jones Lang LaSalle, March 2013

Page 7: Logistics 2013: James Porteous

Limited new development and available stock

Current trends

Page 8: Logistics 2013: James Porteous

Prime multi-let industrial and single let distribution yields

Page 9: Logistics 2013: James Porteous

Key TransactionsOmega Warrington

Brake Brothers £19.0m

LIM 6.0%

Page 10: Logistics 2013: James Porteous

Key TransactionsRevolution Park, Chorley

Encon Insulation £6.6m

AUB Fund 7.75%

10 years unexpired

Page 11: Logistics 2013: James Porteous

Key TransactionsBuckshaw

6.5 years to expiry

225,196 sq ft

£10,250,000 – 9.2%

20% Vacant

Page 12: Logistics 2013: James Porteous

SE will remain expensive

Page 13: Logistics 2013: James Porteous

Who are and will be the purchasers?2013–2014

Page 14: Logistics 2013: James Porteous

Thank You