The Definitive Guide to Retail & Leisure Parks 2020...2 Castlepoint Bournemouth South West 3 Clifton Moor Centre (Phases 1 - 4) York Yorkshire & Humberside 4 Fort Kinnaird Edinburgh

A presentation of

The Definitive Guide to Retail

& Leisure Parks 2020

Liz Williamson General Manager

Trevor Wood Associates

Top 10 Retail Parks in the UK 2020

The Definitive Guide to Retail & Leisure Parks 2020

Rank Scheme Location Region

1 Middlebrook Retail & Leisure Park Bolton North West

2 Castlepoint Bournemouth South West

3 Clifton Moor Centre (Phases 1 - 4) York Yorkshire & Humberside

4 Fort Kinnaird Edinburgh Scotland

5 Parkgate Shopping Rotherham Yorkshire & Humberside

6 New Mersey Liverpool North West

7 The Brewery Romford South East

8 Glasgow Fort Glasgow Scotland

9 Rushden Lakes Shopping Park Rushden East Midlands

10 Giltbrook Nottingham East Midlands

These Retail Parks are ranked the same as 2019

Top 5 Shopping Parks in the UK 2020



1 Castlepoint Bournemouth South West

2 Fort Kinnaird Edinburgh Scotland

3 Parkgate Shopping Rotherham Yorkshire & Humberside

4 New Mersey Liverpool North West

5 Glasgow Fort Glasgow Scotland

These Shopping Parks are ranked the same as 2019

Top 10 Retail Warehouse Clusters in the UK 2020



1 Westwood Road Broadstairs South East

2 Monks Cross York Yorkshire & Humberside

3 WestQuay Southampton South East

4 Newcraighall Edinburgh Scotland

5 Lakeside Grays South East

6 Cribbs Causeway Bristol South West

7 Braehead Renfrew Scotland

8 Tritton Road Lincoln East Midlands

9 Sealand Road Chester North West

10 Middlebrook Bolton North West

8 positional changes to the table compared to last year – Monks Cross the highest riser

Top 10 Investment Managers for Retail Warehousing

Aberdeen Standard Investments lead for the 3rd year while the top 10 remains unchanged


2019 Rank: 2 2018 Rank: 2

2019 Rank: 1 2018 Rank: 1

2019 Rank: 3 2018 Rank: 3

2019 Investment Manager 2018

4th M & G Real Estate 4th

5th CBRE Global Investors 5th

6th IKEA 6th

7th Nuveen Real Estate 7th

8th Aviva Investors 8th

9th Legal & General Investment Management 9th

10th LaSalle Investment Management 10th

Top Investment Managers for RW

Regional Leaders


SC

EA

SW

WA

NI

MCAP Global Finance

WM

EM

N

NW

Y&H

SE

Top 10 Direct Property Owners for Retail Warehousing


2019 Rank: 2 2018 Rank: 2

2019 Rank: 1 2018 Rank: 1

2019 Rank: 3 2018 Rank: 5


4th Prudential Life Fund 6th

5th UK Retail Warehouse Fund 5th

6th B & Q Properties 7th

7th Peel Holdings 8th

8th Orion European Real Estate Fund V ***

9th EPISO 10th

10th Brookhouse Group 11th

British Land maintain 1st place while Orion European Real Estate Fund V appear for the first time

Top 10 Investment Managers for Retail Parks Aberdeen Standard Investments lead for the 3rd year while there were 6 positional changes to the top 10


2019 Rank: 2 2018 Rank: 2

2019 Rank: 1 2018 Rank: 1

2019 Rank: 3 2018 Rank: 3


4th Nuveen Real Estate 5th

5th Columbia Threadneedle Investments 4th

6th Tristan Capital Partners 9th

7th CBRE Global Investors 8th

8th Legal & General Investment Management 6th

9th LaSalle Investment Management 7th

10th Aviva Investors 10th

Top Investment Managers for RP

Regional Leaders


SC

EA

SW

WA

NI

MCAP Global Finance

WM

EM

N

NW

Y&H

SE

Top 10 Direct Property Owners for Retail Parks


2019 Rank: 2 2018 Rank: 3

2019 Rank: 1 2018 Rank: 1

2019 Rank: 3 2018 Rank: 4


4th Prudential Life Fund 5th

5th Orion European Real Estate Fund V ***

6th EPISO 7th

7th Landsec 6th

8th Peel Holdings 8th

9th BlackRock UK Property Fund 9th

10th Brookhouse Group 10th

British Land maintain 1st place while Orion European Real Estate Fund V are a new entry

Top 10 Managing Agents for Retail Warehousing

The Top 6 remain unchanged while MAPP are the highest climbers


Rank 2019

Rank 2018

Managing Agent Change

1st 1st Savills ▬

2nd 2nd JLL ▬

3rd 3rd Workman ▬

4th 4th CBRE ▬

5th 5th Broadgate Estates ▬

6th 6th Fidum Property Management ▬

7th 9th Mapp ▲

8th 7th Lambert Smith Hampton ▼

9th 10th Colliers International ▲

10th 8th Cushman & Wakefield ▼

Top Managing Agents for RW

Regional Leaders


SC

EA

SW

WA

NI

WM

EM

N

NW

Y&H

SE

Top 10 Managing Agents for Retail Parks

There are no new entries to the top 10 this year


Rank 2019

Rank 2018


1st 1st Savills ▬

2nd 2nd JLL ▬

3rd 3rd Workman ▬

4th 4th CBRE ▬

5th 5th Broadgate Estates ▬

6th 6th Fidum Property Management ▬

7th 8th Mapp ▲

8th 7th Lambert Smith Hampton ▼

9th 10th Colliers International ▲


Top 10 Letting Agents for Retail Warehousing Savills are now the leading agent, surpassing Avison Young for the first time


Rank 2019

Rank 2018


1st 2nd Savills ▲

2nd 1st Avison Young ▼

3rd 4th Curson Sowerby Partners ▲

4th 3rd Morgan Williams ▼

5th 5th Harvey Spack Field ▬

6th 6th CWM ▬

7th 8th Edgerley Simpson Howe ▲

8th 10th McMullen Real Estate ▲

9th 9th Stockford Anderson ▬


Top Letting Agents for RW

Regional Leaders


SC

EA

SW

WA

NI

WM

EM

N

NW

Y&H

SE

Top 10 Letting Agents for Retail Parks Savills are still the leading agent while McMullen Real Estate rise to 8th


Rank 2019

Rank 2018


1st 1st Savills ▬

2nd 2nd Avison Young ▬

3rd 3rd Curson Sowerby Partners ▬

4th 4th Morgan Williams ▬

5th 5th Harvey Spack Field ▬

6th 6th Stockford Anderson ▬

7th 7th CWM ▬

8th 10th McMullen Real Estate ▲

9th 8th Edgerley Simpson Howe ▼



UNITS DECREASE

million sq. ft. NATIONAL

RANK

0 ***

70 -20% 13

0

***

212 -8% 16

245 -3% 5

1

2

3

4

5

Top 5 Decreasing Tenants

-100%

-100%

DECREASE %

-0.10

-1.10

-0.60

-0.59

-0.17


UNITS INCREASE

million sq. ft. NATIONAL

RANK

239 2

196 12% 6

74

7

68 22% 23

37 61% 47

Top 5 Increasing Tenants

9%

8%

INCREASE %

0.13

0.47

0.34

0.21

0.20

1

2

3

4

5

Top 20 Leading Retail Park Tenants

B & Q continue to lead, Home Bargains and The Range move up the table and Dunelm return to the top 10


Top Retail Park Tenants

Regional Leaders


SC

EA

SW

WA

NI

WM

EM

N

NW

Y&H

SE

Retail Warehousing Floorspace Historical Analysis Increase in floorspace fell while overall supply grew by 0.7%


0

20

40

60

80

100

120

140

160

180

200

220

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Total RetailWarehousingfloorspace (includingRetail Parks)

Total Retail Parkfloorspace

Retail Warehouses noton Retail Parks

Available RetailWarehousing

"Second-hand" spaceavailable

Vacancy rates by planning consent - % Overall vacancy rate is now 7.6% - the highest since Q2 2014 but the rise is slowing


0

1

2

3

4

5

6

7

8

9

10

Q22014

Q42014

Q22015

Q42015

Q22016

Q42016

Q22017

Q42017

Q22018

Q42018

Q22019

Q42019

All RetailWarehousing

Open A1 schemes

Open Non Foodschemes

Bulky Goods orRestricted schemes

Top 5 Historical Peak Rents

Top rents exclude A3 and leisure units as well as those units under 4,000 sq. ft.


Fosse Shopping Park, Leicester £105.00

Brookfield Shopping Park, Cheshunt £75.00

Brent South Shopping Park, London £66.00

Birstall Shopping Park, Leeds £65.00

Colney Fields Shopping Park, St Albans £65.00

Pipeline


104 schemes are still proposed – 65 are thought likely to proceed before 2027

110 schemes have been built out

38 opened with reduced GLA 9 schemes became standalone

Grocery Stores

69 of these were refused planning or withdrawn

19 of these have converted to Residential

10 were re-developed for non-retail

299 developments have been proposed in the last 10 years

Northern Gateway - Colchester Weymouth Gateway Retail Park The Circus - Liverpool

27 fewer than 2018

Schemes coming out of the ground

2020 Summary


Aberdeen Standard Investment

are the top Investment Manager

Savills are still the leading Management Agent &

now the leading Letting Agent

B & Q remain the top tenant Mothercare recorded the biggest decrease

B & M recoded the biggest increase

There are some significant regional differences

The vacancy rate has increased to 7.6%

The pipeline has decreased

British Land

are the top Direct Property owner

For more information please visit

https://www.trevorwoodassociates.co.uk/

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• Executive Summary download • Order form download



Documents

The Definitive Guide to Retail & Leisure Parks 2020...2 Castlepoint Bournemouth South West 3 Clifton Moor Centre (Phases 1 - 4) York Yorkshire & Humberside 4 Fort Kinnaird Edinburgh