We've put together our top business-focussed blogs from over the past year to give you a fantastic base for some top business tips!
As we come to the end of another year's service, we take a look back at just some of the advice shared over 2016, and into the next year!
This year we’ve brought you property news from various regions of the country in our newsletters and shared expert comments on the state of the commercial property market in 2019. Here’s a look back at some of those: In February we focused on the South West and we spoke to Alison Williams of Carter Jonas who discussed Honda closures in Swindon and trends in the retail sector. In April we shared our research on three Scottish city projects And May saw a report on Weybridge & Surrounds from Gary Whitaker of Curchod & Co who discussed the supply of industrial properties and office lettings. In June we were in the West Midlands reporting on a period of investment For October Phil Eggerdon of Eggerdon and Holland shared his knowledge of the Surrey commercial property market and the challenges of BREXIT. If you would like to be a featured expert and deliver a report please get in touch.
Over the past year, we have spoken with many commercial property agents and councils looking closely at industry trends and thriving areas!
The most popular name in #commercial #property is David. Check out where your name ranks! http://t.co/ntRevKlvF1
Fantastic presentation today with @QuintainPlc at the @WestLBusiness property lunch #WEMBLEY #London
Graves Son & Pilcher recently sold 34 acres of exceptional green space in Bramber, West Sussex, to Horsham District Council. The site, known as Bramber Brooks, benefits from public access, a private nature reserve and a community orchard. The purchase is part of the council’s strategy to boost local biodiversity and help the district achieve net zero carbon emissions by 2050. As part of their CSR initiative, Graves Son & Pilcher had previously been sponsors of the nature reserve and had funded works to protect the wildlife and improve the land. Nick Mills, Senior Partner, was instrumental in creating footpaths and culverted crossings, building fences, installing tawny owl nesting boxes and planting trees. As a result, the reserve became hugely popular with walkers and is well used by local schools and scout groups. Nick Mills successfully applied for a grant from the Sussex Community Foundation (Rampion Fund) and ensured that the land was included in the ambitious Adur Landscape Recovery Project, which aims to reduce the flood risk in the surrounding area and create a new wildlife corridor. The works carried out by the Graves Son & Pilcher team made the plot unique, attracting a variety of potential buyers, and resulting in its sale for £380,000. “Although Bramber Brooks is destined for public use, demand from private investors for their own slice of rural paradise is also on the rise”, said James Haywood, Partner & Senior Commercial Negotiator. “Eco-conscious investing is definitely a growing trend, whether it’s an individual or the wider local community who stands to benefit.” Another recent listing for Graves Son & Pilcher was Scrag Copse, a stunning 10 acre plot of ancient woodland, also in West Sussex. Previously owned by an accomplished wildlife photographer, the plot had featured in numerous wildlife documentaries worldwide. Untouched for the last 90 years, it is considered “one of the most beautiful broadleaf woodland settings you could find in southern Britain”. A sea of bluebells in spring, the thriving habitat attracts rare butterflies and numerous birds on the Birds of Conservation Concern Red List. After generating much interest, Scrag Copse sold for £135,000 to an overseas buyer. You can view all current property listings from Graves Son & Pilcher on NovaLoca here.
This month we ran an analysis of requirements on NovaLoca the results of which can be seen in the infographic below. Anytime you are searching for a property on NovaLoca it’s easy to save the details of that requirement and be alerted by email to any new properties that match your search. Simply click the Register now button under the Receive Updates tab.
On the 24th April this year we took a six week snapshot of all available Scottish listings on NovaLoca, and compared the information with those available just 6 weeks earlier on the 12th March. Close to 4,000 listings from well over 100 different companies were analysed. Details and exact dates of deals were not collected but those no longer registered as available or under offer at the end of the 6 week period were counted as ‘disposed of’ (duplicate listings were removed where possible). Over 300 disposals were registered in the 6 week period representing 8% of properties listed on the 12th March. All but 10 listings had been replaced with new instructions added within the same period. Interestingly Retail topped the charts of property types with 10% of all retail listings disposed of by the end of the 6 week period. This is despite well reported news of a struggling sector as discussed in our blog post here. Industrial property came in second with just over 9% of all listings disposed of and Other property next with 8%. Performing slightly below the average, 7% of land/development listings had been disposed of, 6% of office listings and 5% of leisure. Overall 47 different companies registered disposals within this 6 week period and we are happy to announce that at the top of the table, accounting for 20% of all disposals are: They are closely followed by DM Hall with 16%. However following the announcement that Graham + Sibbald (previously listing some but not all properties with NovaLoca) have gone ahead with a companywide subscription the next report results could be different… If there is any other data you would like us to look at please do let us know. We are always happy to listen to your suggestions.
Customer delivery expectations changed during the pandemic and have driven increased awareness of the importance of warehouse design. Let’s take a look at some design trends that are predicted to continue to shape warehouses during 2023. Sustainability As we saw in our previous blog on office design trends, sustainability is a key consideration for all commercial property in 2023. Companies are looking to reduce their carbon footprint and consider their environmental impact. Warehousing can become more eco-friendly with the introduction of recyclable packaging materials such as corrugated cardboard. Warehouse buildings themselves can be monitored with timers for electricity, water and heating. Delivery fulfilment can be completed by electric vehicles or maybe even by bike or drones. Use of space and fulfilment methods On-demand warehousing is where businesses are able to store and fulfil orders temporarily in warehouses that have extra space. It is expected to continue to gain in popularity because it allows warehouse owners to make money from unused storage space and allows others to increase their storage capacity depending on demand. By having a centre in various locations businesses can reduce shipping costs and be able to deliver to customers within 1 to 2-days. Typically fulfilling those customer orders followed one of three methods: In-house or self-fulfilment, third party logistic operator or drop shipping, where an e-commerce company uses a supplier to store, pack and ship orders for them. Now the trend is towards hybrid fulfilment where a seller uses all three types of methods. Again this allows businesses more flexibility over how to deliver orders to meet customer demand whether that is business to business or direct to consumer. Automation In order to achieve better picking efficiency the trend toward automation continues. This includes automated pallet shuttle systems, sorting robots and rail-mounted cranes that can manage containers Freeing up staff from repetitive work to undertake more meaningful tasks could help attract and retain employees. Other growing technology trends include wearable technology.For example, smart glasses allow staff to be shown information on picking paths and be sent real time messages from other workers once again improving efficiency. NovaLoca has a comprehensive range of warehouse and industrial units for sale and to rent throughout the whole of the UK.
NovaLoca were interested to see what activity is taking place in 2015 in Scottish town centres in order to revitalise the areas.
Property Awards Night 2019 sponsored by NovaLoca
Nella Pang from Omega RE shares details on an exciting new ‘work-and-life-hub being developed in the heart of Hampshire GU30 is an extraordinary office workplace designed to power your productivity. We have been working behind the scenes to create the best environment for you and we’re happy to share it with you.” GU30, Lynchborough Road, Liphook, GU30 7SB FOR SALE OR TO LET 5,000- 62,500 Sq Ft 6 Acre Development Key Points A place for businesses to form, scale and grow. Easy access to the A3 A tailor-made environment for your progressive modern business Designed to promote productivity and wellbeing Development opportunity We are now at a stage where we are finalising everyone’s interest for the exciting GU30 scheme, Liphook. We are requesting for all Heads of Terms to be submitted by the end of September stating what space they want and at what level everyone is at. More and more businesses want to be in a rural location. So why don’t you? Link to full video version: https://www.youtube.com/watch?v=0yD09_ZGHX0 Link to the property listing: https://omega.search-prop.com/properties/62923-gu30-lynchborough-road-liphook
The Hotel + Leisure division of UK Property Firm Graham + Sibbald announce that the Red Lion Inn, Balkerach Street, Doune, Stirling has been SOLD.
2021 saw increases across the board for NovaLoca with website visits and enquiries. Let's go through the many benefits of a NovaLoca subscription.
Work can be stressful enough without an environment that is stressful itself. If you feel that your workspace isn’t creating the relaxing vibe you would..
Last mile logistics refers to the last leg of a delivery journey which takes place from the distribution center to a customer’s doorstep. It is a phrase that has become increasingly common because it is linked with the rise of e-commerce and customer expectations of next day delivery. Therefore choosing the most efficient location, close to the journey’s end, has become a major consideration for companies. Factors that determine a good location are: affordability, accessibility and available workforce. The location also needs to be close to a transportation infrastructure which can be challenging in more rural areas. Rural locations have also come to the forefront as the pandemic has seen a lot of people relocating to the countryside as they work more from home. In these areas, delivery points can be several miles apart. Route optimization is crucial. Although location is considered more important than building type, an ideal style of distribution building is one that has enough docks for all required vans and lorries to load up. It remains to be seen whether technology will have an impact on last mile logistics locations. Sustainability is also becoming a more important consideration for customers with many firms looking to use electric vehicles although these do not have much range in rural areas. So this may be another factor in choosing a location. We have many ways to search NovaLoca to find an ideal base for logistic use. You can enter the town or postcode in the search box on our main page and refine the search for a specific property type. Once you reach the results page you can refine your search further by square feet or square meters and keywords. Keywords are useful if you are searching, for example, a specific business estate in a location. We do also have the option to search by our business park directory, or region or even by company or agent name affording you many opportunities to choose the most efficient location for your business.
Ten years at the top Page Hardy Harris were delighted to have once again topped the EG Radius On-Demand Rankings for Berkshire in 2023, making them the most active commercial agent (by number of deals), in the county for the tenth consecutive year. The rankings, which are based on data supplied directly by the EG Radius community of agents are continually updated throughout the year, giving a live breakdown of which agents are transacting the most space in each location. Nick Hardy, Director of the Bracknell office commented “10 years at the top of the leader board for the most active commercial agency in Berkshire is an incredible achievement, that the whole team can be very proud of. It is a pleasure to work with them’’. Mark Harris, Director of the Maidenhead office added “ this is a fantastic achievement for the Page Hardy Harris team in both Bracknell and Maidenhead offices, which also coincides with the Maidenhead office celebrating its 10th year of trading”. The first quarter of 2024 has seen a continuation in the high level of activity with strong rents and sale prices being achieved, particularly for prime investments and the owner occupier market. We are looking forward to the coming months and another good year. All of the commercial property listed by Page Hardy Harris on NovaLoca can be found here.
In this blog post Realest report on their recent industrial and logistics deals, availability, some properties coming soon and give a brief overview of the industrial market in the central South Coast of the UK. 2023 finished on a very positive note with three refurbished Logistics and Manufacturing buildings, Unit 1 Royal London Park (59,900 sq.ft), Unit 1 Strategic Park (68,431 sq.ft) and Unit 2 Strategic Park (58,419 sq.ft), all completing. Unit 1 is subject to planning change of use to B2. It was noticeable through the year that whilst a steady take up of space took place, the decision making of parties concerned, particularly occupiers slowed. This can be attributed to several factors including rising costs, labour shortages and uncertainty over micro and macro-economic factors. We see this continuing through 2024 with a pending general election on the horizon. Nevertheless, the market fundamentals remain positive for take up and activity, with occupiers able to review their property options in the knowledge that should they wish to expand, contract, or relocate to similar sized space, there is better quality specification and energy efficient buildings available. This is testament to landlords who have recognised a gap in the market and provided superior quality refurbished or new build space. Overall, headline rental growth is expected to remain positive. Quest 271, Southampton is completing construction in Q1, 2024. New trade counter units are under construction at Adanac Trade Park, Southampton. Graftongate is likely to commence a new build comprising 135,000 sq.ft at Nursling later this year. Along the M27, Kingsbridge Estates will commence a new development of 110,000 sq.ft warehouse/logistics scheme at Segensworth, off Junction 9. In addition, the nearby sale of Eaton Works comprising 24 acres will free up much needed land for new Industrial/Logistics development. And finally in Portsmouth, Wrenbridge are constructing 7 brand new high quality industrial/logistics units of 5,479 – 35,220 sq.ft available in Summer 2024. The development of Langstone Park a 4 unit scheme by XLB comprising 25,484–101,665 sq.ft and Dunsbury Park by Portsmouth City Council are also both proving successful with 7 of the 9 units under offer or let, having completed Q4 2023 with headline rents at £12.00 psf. You can view all of the commercial property listings available on NovaLoca here.
By Simon Bailey, Director of BidX1. Despite stalling towards the end of 2022 following the Truss administration’s mini-budget, the UK auction market saw a strong start to 2023. Unfortunately, the fallout from this episode was soon felt in the form of a sudden and sharp rise in inflation, along with rising interest rates, and the result was a quieter Q2 for auctions as buyers and sellers alike prepared themselves for potentially tougher times ahead. The reality is that any negative change in the wider economy brings price corrections as buyers exercise caution and debt becomes less accessible. 2023 was no different, but the effect on sentiment was perhaps exacerbated by the inevitable belief that these economic changes would lead to a significant increase in distressed assets. In fact, although we did see a steady increase in such assets coming to the market, the volume was not as high as many had foreseen – and therefore the impact on pricing going into Q3 was not as severe as predicted. Despite the volatility of the wider market throughout 2023, the auction market remained resilient. Motivated sellers were prepared to react to shifts in pricing sentiment in order to achieve positive outcomes. This was in turn met by pent-up buyer demand which created strong competitive tension across all asset classes. At BidX1, we saw auction sales increase by 34% on the previous year, from £116 million to £150 million. Bidder activity also increased significantly, particularly during the latter half of the year, with the number of active bidders increasing by 23% and the number of bids placed through our platform increasing by 37%. So, what is the outlook for 2024? Interest rates have now been static for three consecutive months and, whilst it may be a few more months before they begin to fall, we should see a little more stability and confidence in the market. Of course, there is also the small matter of a potential General Election this year which could inject a further dose of uncertainty. However, at this point, we foresee the demand for well-priced property continuing in the short-medium term. Last year, we saw unspent capital on the lots offered across BidX1’s auctions amounting to over £154 million. Such high levels of liquidity highlight the demand for correctly-priced stock across all asset classes and bodes well for those sellers prepared to react to market conditions. Good advice and flexibility remain key in any disposal strategy and BidX1’s digital platform enables us to offer bespoke solutions to our clients which are worlds away from the more rigid structure of the pre-digital auction world. BidX1’s next auction is taking place on 22nd February and the lots already confirmed include a mixed-use investment on Fulham Palace Road in London that has been in the same family ownership for almost 100 years. Producing £213,090 per annum and offering both asset management and income enhancement opportunities, the asset is guiding £3,950,000. Also on offer is a retail and residential ground rent investment in... Read more
A blog highlighting some films and tv shows made in Scotland together with links to the commercial property NovaLoca can offer
Exciting developments are happening across the UK as the UK space industry grows. Scotland is at the forefront of this growth
NovaLoca took a look at instruction and disposal activity across Scotland in July 2022. Overall more properties came on to the market (5.7%) than were disposed of (4.4%). Edinburgh is showing the highest demand with disposals at 5.9%, above the average for Scotland and new instructions below average (at 4.5%). We analysed 5,155 listings across Scotland, those listed at the beginning of July but not at the beginning of August were counted as ‘disposals’. Those listed at the beginning of August but not at the beginning of July were counted as ‘new instructions’. Percentages are expressed as a proportion of the number listed at the beginning of July. The following chart shows which regions have the highest number of available commercial property listings advertised on NovaLoca. The areas used for this research are postcode areas and some have been grouped together. Aberdeen is taken as the AB postcode area, Dundee DD, Edinburgh EH, Falkirk FK, Glasgow G, Kilmarnock KA, Kirkaldy KY, Motherwell ML, Paisley PA, Perth PH. Inverness, Kirkwall, Outer Hebrides and Shetland cover postcode areas IV, KW, HS & ZE with finally Dumfries & Galloway and Galashiels DG & TD.
Never mind who is top of the music charts this Christmas have a look at who is number one in the latest NovaLoca disposals report. Close to 20,000 listings were analysed in the period 1st October to 3rd December 2019. Details and exact dates of deals were not collected but those no longer registered as available or under offer at the end of the period were counted as ‘disposed of’. Disposals by property type Sorting the disposals by property type shows Leisure & Other properties closely followed by Retail disposing of the highest percentage of properties during the period; Office lags furthest behind with the lowest percentage of properties listed as available at the beginning of October, no longer listed by the end of December. On average for every 4 properties removed almost 5 new properties were added within the period analysed. New instructions were especially high in Industrial and Retail. The Office market seems the most static with only 8.5% new instructions (relative to the initial number listed) and 7.5% disposed of. The Top 5 Companies with the highest number of disposals Topping the chart with the most disposals within the period is JLL accounting for 9% of all recorded disposals with Shepherd Commercial coming in at number 2 with 6.5%, Graham + Sibbald in the third spot with 6% and Avison Young at 5% and DM Hall at 4% completing the top five. The Top 5 Companies disposing of the highest percentage of their portfolio We looked at companies with an initial portfolio of at least 25 properties. The top 5 companies disposing of the highest percentage of their own portfolios are: Rannoch Property in first place, disposing of 46% of their own portfolio, in second place with 43% is Eggerdon and Holland, with 43%, third place goes to Pearson Ferrier with 42%, fourth to Mulraney Group at 41.5% and fifth Davies & Co with 39%. In contrast to the average across all companies, 8 of the top 10 companies did not replace all disposals by the end of the period. For a chance to feature in the next NovaLoca disposals report make sure you are listing on our website. Contact [email protected] if you would like subscription details. We are always happy to listen to your suggestions so let us know if there is any other data you would like us to look at.
Are you considering where to base your business? Have you considered situating yourself at a marina? These waterfront settings can offer unique advantages for businesses. Let’s explore why marinas make excellent locations for commercial ventures. Prime Waterfront Locations Marinas are often located in prime waterfront locations close to entertainment areas and local services, attracting a steady flow of visitors, both locals and tourists alike. Whether it’s the charm of a bustling harbour or the beauty of a coastal inlet, marinas provide an appealing backdrop that draws people in. This prime location ensures excellent visibility and footfall for businesses. Targeted Customer Base Marinas naturally attract a specific demographic – boat owners, sailing enthusiasts, water sports enthusiasts, and tourists seeking maritime experiences. If your business caters to these audiences, a marina can offer direct access to your target market, enhancing the potential for customer engagement and loyalty. Complementary Businesses From marine equipment suppliers and boat repair services to waterfront cafes, retail restaurants, and yacht charters, businesses within marinas often complement each other, creating a vibrant ecosystem. This can benefit your commercial venture by fostering collaboration and mutual support among businesses. Seasonal Opportunities It’s essential to consider seasonal variations when planning a business in a marina. Peak boating and tourist seasons can bring heightened demand and increased foot traffic, providing excellent opportunities for businesses catering to summer activities and marine leisure. Regulatory Considerations Before establishing a business in a marina, it’s crucial to understand local regulations. Given the environmental sensitivity of waterfront areas, adherence to regulations is paramount to ensure sustainable development and operations. Aesthetic Appeal and Brand Image The scenic vistas and maritime ambiance of marinas could elevate your brand image and create a memorable experience for customers. People visiting marinas can be drawn into the idea of a waterside lifestyle. Businesses looking to capitalise on aesthetics and atmosphere will find marinas to be an ideal setting for cultivating a unique identity. Community Engagement and Events Marinas often serve as hubs for community events, boat shows, and water sports competitions, presenting valuable networking and promotional opportunities for businesses. Engaging with the local community can enhance brand visibility and foster lasting relationships. Infrastructure and Accessibility Evaluate the infrastructure and amenities offered by marinas, including parking, utilities, security, and accessibility. Proximity to major transportation routes and residential areas can enhance the accessibility of your business to a broader audience. Marinas can offer an enticing blend of location, clientele, and ambiance that make them excellent choices for setting up a business. Whether you’re launching a marine-focused enterprise or seeking to capitalise on the waterfront lifestyle, marinas provide a compelling platform for business success. Visit the Explore Hartlepool website which showcases Hartlepool marina, a great example of a waterside mixed use business and leisure location. Ready to make waves with your business? Explore prime commercial properties in UK marinas on NovaLoca.
Curchod & Co’s Nick Reeve talks about the market recovery and expanding the business during the pandemic With the onset of the pandemic and an unprecedented national lockdown, 2020 was an incredibly challenging time for the commercial property market, both nationally and locally. Back in March 2020, as we were all told to stay at home, transactions, with a few exceptions, ground to a halt almost overnight. While the transaction markets have now recovered to a greater or lesser degree, Covid-19 has brought about changes that will continue to impact the market for many years. The way we work and our relationship with the office has changed. The way we shop has also changed over the last 18 months, with an acceleration of online retail resulting in a surge of demand for logistics properties. As an industry, the commercial property market has always been adaptable and had an ability to adapt and react to the changes in the occupational demands of businesses. I am sure that as an industry we will, once again, rise to this challenge. During the most difficult months of the pandemic, the Curchod & Co team took stock of the situation and gave much time and energy looking at how we should respond to the unfolding situation and consider how the business would be best placed to rise to this challenge and the inevitable opportunities that would be presented to us across the South East as the country emerged from lockdown. With existing offices in Weybridge, Woking, Farnham and Camberley, we decided to look at expanding our operation further afield in the south-east and began a discussion with a friendly rival, London Clancy. The London Clancy brand and reputation is well known across Hampshire, and beyond, and while the two businesses had a slight geographic overlap in terms of the local towns and markets that are covered, London Clancy’s offices in Basingstoke, Camberley and Winchester meant that the team’s area of operation stretched further west to include other key business locations such as Andover and provided coverage in the A303 and A34 markets of Hampshire and West Berkshire. We saw an opportunity to bring the two businesses together to provide clients across the region, from the south coast to London, with greater market exposure and the experience of an enlarged team of recognised experts. A deal was agreed, and in April 2021 Curchod & Co announced the acquisition of London Clancy, bringing together two of the best-known names in central-southern England’s commercial real estate market. Since then, we have seen the easing of the Covid-19 restrictions and the two firms have reported a significant increase in market activity. Enquiries and viewings have been increasing daily, and our websites have been showing an increase in traffic, month on month. As the economy has begun to emerge from lockdown, the industrial and distribution sector has been the strongest market sector, with the enlarged team seeing a marked increase in activity up and down the south-western corridor. In the... Read more
The 2023 Edinburgh book festival is underway as this blog goes “live”. This popular annual event, which began back in the eighties, is just one of the reasons why Edinburgh became the world’s first UNESCO City of Literature. Edinburgh has a long literary history, dating back to the 18th century. It has been the home for Arthur Conan Doyle, Walter Scott, Robert Burns, Robert Louis Stevenson and more recently JK Rowling. These figures not only contributed to the literary world but also helped establish Edinburgh as a hub of intellectual and artistic activity. Of course these literary associations serve as a major draw for tourists and have a positive impact on the local economy, boosting the hospitality, retail, and entertainment sectors. According to statistics from Visit Scotland in 2019 there were 2.3 million international visitors to Edinburgh and the Lothians and 3.1 million domestic visitors with the average length of stay being 4 to 7 nights. Commercial properties located near or within literary landmarks such as The Writers’ Museum or the Scottish Storytelling Centre, can use their proximity as a unique selling point. Hotels, bed and breakfasts, and other leisure sector properties situated in historic buildings or in areas with literary associations can attract guests visiting Edinburgh for bookish reasons or who are seeking an authentic Edinburgh experience. For example, The Balmoral Hotel has been used by many writers including J.K. Rowling, who completed the final book in the Harry Potter series, “Harry Potter and the Deathly Hallows,” in one of the hotel’s suites. They now have a suite named after the author which is very popular with fans. Each hotel room also contains a library and they use the fact they are a short walk from the Writers Museum to advertise themselves as the “perfect location for a literary getaway”. Commercialisation of heritage sites if conducted in a culturally sensitive manner can see creative and sustainable outcomes that benefit both the community and the commercial property sector. According to 2018 studies commissioned by Historic England listed buildings are more likely to be used by independent, retail and food & beverage businesses because the space available in historical settings is more suited to these types. In turn these independent places add to a city’s identity. Riddle’s Court is an historic building in the heart of the Old Town that has been repurposed for events, conferences and various literary and cultural gatherings, while preserving its merchant’s tenement historical architecture. It also has office space available to rent. A mixed-use hospitality space in The Queensferry Street area of Edinburgh has recently been confirmed with a design that…”will enable significant physical and economic regeneration of these historic properties, providing them with a sustainable long-term future”. In essence, Edinburgh’s literary culture isn’t just a historical footnote; it forms a symbiotic relationship with the city. It influences its economy, tourism, education, and community life, making Edinburgh a truly remarkable place where literature and culture intersect. NovaLoca has a wide range of commercial property available throughout... Read more
For NovaLoca’s latest disposals report we analysed a total of 36,868 property adverts, removing listings from companies that started listing with us after the 1st Sept 2021. Incredibly 32 companies have joined us since the 1st of September so we look forward to their listings being included on our next disposals report. Across all sectors 20.45% of those listed at the beginning of the period had been disposed of by the 1st December. Only 87% of these disposed of were replaced, indicating a lack of supply. (This is a replacement of 17.8% expressed as a percentage of the original portfolio number). Highest number of disposals The Top 5 companies with the highest number of disposals accounted for 27% of all disposals (last year this figure was 28.5% and the year before 37%). For the 3rd year running JLL topped the charts but this year accounting for 8.6% of all disposals up from 6.9% last year. Avison Young have moved from 4th to 2nd place; Shepherd Commercial move to 3rd with 4.7%. DM Hall are a new entrant to the top 5 with 4.1% and Graham + Sibbald are in 5th place on 3.4% Top companies by percentage of portfolio disposed of As before we looked at companies with an initial portfolio of 25 or more available property listings. Our Top 5 disposed of the highest percentage of their initial portfolio. In first place we have Telsar disposing of almost 50% of their portfolio, with industrial listings accounting for 82% of these. Again reflecting the trend for lower disposals of office & land; Stafford Perkins disposals were made up of 17% office listings despite an initial portfolio including 27% office. Derrick Wade Waters disposals were 15% office listings again with an initial portfolio made up of 33% office. As with Telsar, Industrials are most dominant in the industrial sector accounting for the vast majority of their disposals. In the main we are seeing companies struggling to replace stock but Hexagon Commercial Property & Omeeto have bucked the trend managing to more than replace the stock they disposed of.
In our previous Scottish Spring Report we took a six week snapshot of all available Scottish listings on NovaLoca. For our summer/autumn report we compared 4,800 properties during an 11 week period between July and October, looking at 127 companies. Details and exact dates of deals were not collected but those no longer registered as available or under offer at the end of the 11 week period were counted as ‘disposed of’. Overall Scotland disposed of 14.2% of its available stock while the rest of the UK disposed of 13.4%. Of this stock over 80% was replaced for Scottish listings with 100% for the rest of the UK. This time round Leisure topped the charts of property types disposed of with 21% of all listings disposed, and in second place with 19% disposed of was retail. Interestingly leisure, office, retail & other property disposed of was pretty much replaced over the period but only 60% of industrial stock was replaced which appears to be due to a lack of supply. https://www.insider.co.uk/news/shortage-large-units-hits-industrial-14020163. Retaining their first place position as the company registering the most Scottish disposals within this period is Shepherd Commercial but now listing all their stock with NovaLoca, Graham + Sibbald move in to second position followed by DM Hall in third place. The company disposing of the highest percentage of their own portfolio (we looked at companies with 15 or more properties) was David Allison and Company disposing of 60% of their listings closely followed by Mulraney Group also disposing of 60% and TSA Property consultants with 39%. If there is any other data you would like us to look at please do let us know. We are always happy to listen to your suggestions.
