RETAIL MARKET UPDATE

NATIONAL INVESTMENT

42 RETAIL PROPERTIES TRANSACTED THROUGHOUT THE UK, IN 2019

Over £360m of retail transactions in 2019 (YTD)

Deal range of £2m to £32m (Private Treaty)

Unrivalled marketing list including over 50,000 investors

Average deal size of £8.5m (Private Treaty)

Retail deal done every 6 working days(2O19 YTD)

£

ALLSOP’S RETAIL HIGHLIGHTS UK RETAIL TRANSACTIONS BY QUARTERMARKET UPDATE MARKET UPDATE

VOLUME OF DEALS

NUMBER OF DEALS

UK

RET

AIL

TR

AN

SAC

TIO

NS

BY Q

UA

RTE

R

2019 - Q4 (QTD)

£1,055m 69

2019 - Q3 £1,115m 140

2019 - Q2 £1,336m 132

2019 - Q1 £1,284m 172

YEAR ON YEAR TRANSACTIONAL VOLUME

-48.6%YEAR ON YEAR NUMBER OF DEALS

-13%

TRANSACTION VOLUME (£M) & NUMBER OF DEALS (P.A.)

2019

(Y

TD)

2018

2017

2016

2015

£4,7

91M

£9,3

26M

£9,9

26M

£12,

327M£1

4,18

2M

513

DEA

LS

590

DEA

LS

709

DEA

LS

799

DEA

LS

808

DEA

LS

Price: £32.00mNIY: 5.53%

RETAIL

Price: £21.80mTriple Net Yield: 3.70%

RETAILPAVILION RETAIL PARK, BRIGHTON

Client: CCLAVendor: Aviva Investors

Client: Nuveen IMPurchaser: DTZIM Investors

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

Prime North London freehold investment with development potential.

107-143 MUSWELL HILL ROAD, LONDON

Price: £11.15mNIY: 6.63%

RETAIL AND LEISURE

Client: PatritziaPurchaser: Foreign Investor

Prime long income multi let retail and leisure investment in Manchester city centre.

FIRST STREET, MANCHESTER RETAIL WICKES, CHURCHILL WAY, BASINGSTOKE

Price: £12.00mNIY: 5.44%

Client: Local AuthorityVendor: Schroders

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

Price: £5.85mNIY: 4.44%

RETAIL Client: Hudson AdvisorsPurchaser: Private Investor

Rare mixed use investment and development opportunity in historic Camden.

140-142 HIGH STREET, CAMDEN RETAIL HSBC, BRIGHTON

Price: £5.71mNIY: 5.01%

Client: AVIVAPurchaser: Foreign Investor

Prime High Street investment opportunity let for a further 8.75 years with annual RPI reviews 3%-5% collar and cap.

RETAIL MARKET UPDATE

Allsop 2019 Retail Transaction Highlights

CHESTER WAY, NORTHWICH

Price: £3.86m Vendor: Private InvestorNIY: 6.63% Purchaser: Private Investor

67-69 HIGH STREET, GUILDFORD

Price: £2.50m Client: British Steel Pension FundNIY: 5.46% Purchaser: Private Investor

RETAIL MARKET UPDATE

Allsop 2019 Retail Transaction Highlights

48-54 ST ANNS ROAD, HARROW

Price: £4.10m Client: Aviva InvestorsNIY: 6.52% Purchaser: Private Investor

11 HAYMARKET, NORWICH

Price: £2.40m Client: British Steel Pension FundNIY: 6.36% Purchaser: Private Investor

132 -140 HIGH STREET, GLASGOW

Price: £4.42m Client: Curzon AdvisorsNIY: 6.18% Purchaser: Private Investor

4-16 CAMBRIDGE ROAD & 7 OXFORD STREET, HARROGATE

Price: £5.545m Client: Family TrustNIY: 7.28% Purchaser: Private Investor

Leicester

ICELAND IN LEICESTER / BIRMINGHAM

Price: £3.40m Client: DVSNIY: 5.76% Purchaser: Private Investor

LISTON COURT, MARLOW

Price: £6.00m Client: Private InvestorNIY: 5.80% Purchaser: Private Investor

2018/2019 UK Retail Deal Map (excl. portfolios)

RETAIL MARKET UPDATE

£9,326m

2018

£4,791m

2019 (YTD)

TOTAL RETAIL TRANSACTIONS

TOTAL VOLUME (£M)

£533m

2019 (YTD)

£786m

2018

SOUTH EAST

£1,625m

2019 (YTD)

£4,756m

2018

LONDON

£349m

2019 (YTD)

£367m

2018

EAST ENGLAND

£325m

2019 (YTD)

£375m

2018

EAST MIDLANDS

£207m

2019 (YTD)

£354m

2018

YORKS & HUMBER

£90m

2019 (YTD)

£173m

2018

NORTH EAST

£841m

2019 (YTD)

£551m

2018

SCOTLAND

£481m

2019 (YTD)

£481m

2018

NORTH WEST

£98m

2019 (YTD)

£44m

2018

NORTHERN IRELAND

£95m

2019 (YTD)

£673m

2018

WEST MIDLANDS

£33m

2019 (YTD)

£113m

2018

WALES

£413m

2019 (YTD)

£654m

2018

SOUTH WEST

2019 - DEAL VOLUME KEY

£500m+

£301-£400m

£101-£200m

£401-£500m

£201-£300m

£0- £100m

AS OF Q4 2019

HIGH STREET RETAIL

Prime Shops 5.50%

Secondary Retail 9.00%

Tertiary Retail 12.00%+

SHOPPING CENTRES

Prime Centres 6.75%

Secondary Centres 9.00%

Tertiary Centres 12.00%+

OUT OF TOWN RETAIL

Fashion Parks 6.50%

Parks Open A1 7.00%

Bulky Goods Parks 7.00%

SUPERMARKETS

Index Linked Leases (Long)

4.00%+

Open Market Leases (Long)

4.75%

NET INITIAL YIELD BY RETAIL SECTOR (RACK RENTED)

firstname.surname@allsop.co.uk

ALL SECTORS

ALL SIZES

ALL SOLD

SPECIALIST INVESTMENT SERVICES

THE TEAM

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

2O19

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

Leeds office:8th Floor, Platform New Station Street Leeds, LS1 4JBTel: +44 (0)113 236 6677

SERVICES

Asset ManagementAuctionsBuild to RentBusiness RatesDevelopment Agency & AdvisoryInvestment (Sales & Acquisition)Lease ConsultancyLetting and ManagementOffice Leasing (Central London)ReceivershipStudent HousingValuations