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Introduction ......................................................................................03Capital Markets ................................................................................04Office Agency ...................................................................................05Industrial & Logistics .......................................................................06Residential .........................................................................................07Retail & Leisure .................................................................................08Building Consultancy ......................................................................09Valuation Advisory ..........................................................................10Lease Advisory .................................................................................11Rating .................................................................................................12Alternatives .......................................................................................13Planning & Development ...............................................................14Property Asset Management .........................................................15Retail Management .........................................................................16Wider UK Services.............................................................................17Contacts ............................................................................................18
Contents
2
Changes in the way we work and live, driven by the forces of technology and infrastructure along with the government’s devolution drive, are generating significant opportunities for UK cities and businesses. In turn, the property market continues to evolve to help create buildings and places that are fit for the future.
Whether you’re looking to own, occupy or invest in property, our combination of regional skills, people and market knowledge means we can connect our clients with the right expertise to help you achieve your business ambitions.
You may not be aware of the breadth and depth of projects our teams have been involved with across the region. So we’ve put together a few highlights to showcase how we can add value for your business. Put simply, we have Yorkshire and the North East covered.
Visit jll.co.uk to explore all of our services.
Jeff PeareyLead Director - Yorkshire and the North East
across Yorkshire and the North East
We achieve ambitions
3
£360m
We specialise in commercial investment sales, purchasing and funding, offering an extensive range of in-depth financial expertise on every property type in key markets across Yorkshire and the North East. The team is engaged with the powerhouse of property investment, including institutional investors, property investment companies and developers, as well as a large number of domestic and overseas private equity investors.
If you’re looking to invest, we have the ideal mix of experience, research and insights to help you make big decisions, with impeccable timing.
Gallery & Phoenix House, Leeds £5.8m sale, on behalf of LaSalle IM, of two multi-let offices totalling 43,000 sq ft to Wilton Developments acting on behalf of HEADROW Limited.
Over
of assets transacted over the last 3 years
Central Square, Leeds Advised M&G Real Estate on the largest speculative funding deal in Leeds to date.
St John’s Business Park, Hull Sale of 114,505 sq ft fully let business park for Horncastle.
4
Capital Markets
From prime city centre offices to out of town business parks, existing buildings to new developments, we have a long-standing reputation in delivering exceptional advice and results to office developers, investors, owners, occupiers and public sector organisations.
Working with our colleagues to share expertise and knowledge we ensure that our advice is always thought through, is underpinned by exceptional market intelligence and in-depth understanding of your business ambitions.
Wellington Place, Leeds Advised UK Government on its acquisition of 378,000 sq ft, the largest office pre-let outside of London and the South East for over a decade.
Victoria Place, Leeds Acquired two offices totalling 50,000 sq ft on behalf of MPS - one of the biggest owner occupier freehold acquisitions in the city in 2016.
Central Square, Leeds Let 50,00 sq ft to PWC, 25,000 sq ft to RSM and 12,750 sq ft to BDO.
Majestic, Leeds Sole leasing agents on this new 66,000 sq ft development being transformed by Rushbond.
Completed 37 office deals totalling
425,000
sq ft in 2016
Actively involved in
40% of all leasing deals in Leeds city centre in 2016
Handling circa
800,000sq ft of leasing instructions at any one time 5
Office Agency
JLL’s Industrial and Logistics team is a major player for development, disposal and acquisition of industrial and logistics space in Yorkshire and the North East.
We deal with every size instruction for corporates, investors and developers, delivering an extensive range of services including development and funding advice, market intelligence, occupier targeting and transactional implementation.
College Trade Park, LeedsPre-lets secured to Edmundson Electrical, Selco, Screwfix, Toolstation, Topps Tiles and Brewers Decorator Centres.
Markham Vale, Derbyshire Advised Henry Boot Developments on pre-let of a a 480,000 sq ft distribution facility to Great Bear Distribution.
Greens Industrial Park, Wakefield Letting of 47,609 sq ft to engineering machinery supplier, Group Rhodes Limited on behalf of Cording Real Estate Group.
1m
1.8m
33
Instructed on
Currently marketing
2 million sq ft and
sq ft of acquisition mandates
sf ft of space and 1,000 acres of land
acres of land transacted in 88 deals
6
Industrial & Logistics
One of the most active advisers in the region, our team delivers a full residential service, including land acquisitions and disposals, investment, new homes, sales, lettings, management and valuations, throughout Yorkshire and the north of England.
Over the last ten years we have built an excellent track record in renting and selling properties in all the major residential developments in Leeds city centre and mange over 500 properties. Our specialist new homes division has an unrivalled track record of marketing new developments on behalf of developers and we are very active in the PRS market.
Tate House, Leeds Site sold to developer JM Construction who is redeveloping the property through Permitted Development Rights to form 70 apartments. 100% sold in 14 months, prices up to £375,000.
Bridge Street, Leeds Unconditional sale of site with historic planning consent for a mixed-use development comprising over 1m sq ft including 843 apartments.
East Street Mills, Leeds Unconditional sale of site with historic planning consent for a mixed-use development comprising over 1m sq ft including 843 apartments.
Managing over
500apartments at any one time
Sold over
420 propertiesduring 2016
Advised on over
£65m of land and investmentsales and acquisitionsover last year
7
Residential
We work on a range of high profile schemes across Yorkshire, the North East and the UK covering all aspects of retail and leisure including retail parks, cinemas, restaurants, licensed premises, gyms and casinos.
As retail and leisure encompasses shopping centres and retail parks, we offer developers, landlords and operators comprehensive expert agency services, including development consultancy, sales and leasing, asset management, acquisitions, disposals, and research.
The Light, Leeds Instructed to act on behalf of Legal & General Investment Management on The Light, Leeds’ premier leisure destination.
The Moor, Sheffield Advising Aberdeen Asset Management in the £35million redevelopment. New retailers include Primark and H&M as well as a 9 screen cinema pre-let to The Light and restaurants to Pizza Express, Nandos, GBK and Zizzi.
Currently asset manage over
5 million sq ft of out-of-town retail space across 58 schemes
Clients We are acting on behalf of clients Pizza Express, Fun Station, Wagamama and Byron in an acquisition capacity.
NUM Building, Sheffield Unit 1 is pre-let to Marstons (t/a Pitcher & Piano) and Unit 2 pre-let to Turtle Bay with the offices pre-let to Grant Thornton.
8
Retail & leisure
New Bridge Street, Newcastle Project monitoring of a new 329 bed student scheme.
President Way, Sheffield 30,000 sq ft extension of warehouse/manufacturing facility.
Advising an enviable list of blue chip occupier, investor, financial and owner clients we bring a proven combination of expertise, established best practice, depth of experienced resource and commercial focus to all of our projects which include:
Project Management / Monitoring Refurbishment & Repair - Contract Administration Acquisition & Vendor Pack Surveys (including Portfolios) Dilapidations - Surveys & Negotiation (Landlord & Tenant) Planned Preventative Maintenance (Survey and Implementation) Schedule of Condition Party Wall Act
Our success is built upon understanding and prioritising our clients’ needs and objectives, and providing tailored, bespoke services that consistently exceed their expectations. for development, disposal and acquisition of industrial and logistics space in Yorkshire and the North East. We deal with every size instruction for corporates, investors and developers, delivering an extensive range of services including development and funding advice, market intelligence, occupier targeting and transactional implementation.
10m
150m
900m
Acting for landlords on over
Over
of dilapidationclaims in 2016
of building surveyscompleted in 2016
of fire insurance valuations in 2016
9
Building Consultancy
The 12-strong team provides a core professional service with a broad range of expertise including portfolios, loan security, transactional support and corporate advice, as well as specialist valuations such as compulsory purchase and taxation advice. We value a wide range of diverse property types, from offices, retail, industrial, leisure and corporates, on behalf of pension funds, property companies, developers, banks and corporate occupiers.
Key services:
Commercial valuation – we are on the panels of all of the major high street property lenders including RBS, Lloyds, Barclays, HSBC, Santander as well as specialist lenders including Aviva, Aldermore and Wells Fargo.
Residential valuation – advising on investment portfolios, city centre developments and housing sites for lenders and the major house builders.
Portfolio valuation – we provide regular valuations for regulatory purposes on regional and national portfolios. Local clients include Evans of Leeds, Town Centre Securities, Henry Boot and Rushbond. Nationally, we advise clients including Aviva, Standard Life, Kames and AXA.
Public Sector Valuations – we have provided valuation advice to a wide range of public sector bodies including Leeds City Council, Bradford Metropolitan District Council, the University of York, Hull College, the Homes and Communities Agency and the Education Funding Agency. These valuations have been for incorporation in annual accounts, acquisition and disposal purposes.
Lloyds Banking Group Valuation for loan security purposes of a significant retail led mixed used development by Dransfield Properties.
Henry Boot Valuation of property assets across the UK on behalf of Henry Boot.
HCAi Providing valuation advice in respect of a proposed development of 160 family homes.
Shepherd Group Valuation of portfolio of office buildings for incorporating in annual accounts.
Network Rail Valuation & consultancy advice relating to ground leave re-gear on this landmark office building.
Valued over
£2bn worth of property in 2016
Completed over
850
valuations in 2016
10
Valuation Consultancy
Whether you are a property investor or occupier, the terms of your lease agreement will impact your bottom line. With rigorous negotiation skills and in-depth technical and market knowledge, our specialist team based in Leeds can help you make the most of your lease agreement to fulfil your investment or occupational objectives.
We advise on over 40m sq ft of office, industrial and retail space across the UK every year, looking for ways to help property investors and occupiers achieve their objectives. The team delivers an extensive range of services including rent reviews, lease renewals, lease restructuring, as well as providing advice and strategy on general landlord and tenant matters.
We also have an unrivalled knowledge of landlord & tenant law, often acting as expert witness in arbitrations, and, where necessary, representing clients’ interests in court.
Representing the landlord in connection to rent reviews and lease restructure negotiations of prime retail scheme in Leeds
Representing an occupier inked with rent review and arbitration of a 415,000 sq ft distribution unit.
Acting on behalf of landlord linked with lease regear discussions of 50,000 sq ft office building.
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Lease Advisory
100
£50mover
Advised on cases witha total rent roll of over
lease restructuring assignments agreed in 2016 for single client.
in 2016
We work with occupiers, investors and developers, to provide expert advice and help our clients to achieve the lowest possible rates liability for their business.
Advising the private and public sectors, the team’s technical rating expertise delivers innovative, reliable advice and takes targeted action where specific opportunities have been identified. We are experts on an extensive range of property types, from offices, retail, leisure, hotels and industrial premises to specialist properties such as pharmaceutical, ports, utilities and telecommunication networks.
Our team has achieved a number of significant successes, across the north of England obtaining substantial cost savings for a broad range of clients.
Cobalt Park, Newcastle Advising two major occupiers, through a series of detailed negotiations we were able to create +15% business rates savings over a seven year period.
£2mObtained over
of savings for a number of office occupier clients based in Leeds
“JLL secured substantial business rate cost savings for our business in Leeds. They met their objective and dealt with the exercise in a clear, professional and ultimately successful manner.”
Group Financial Controller of a 35,000 sq ft office in Leeds.
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We are currently working with landlords who are undertaking
redevelopment and building works to their properties. To date in 2017, this
has secured over £1m rates savings for them. We recommend that the business
rates costs during all refurbishment and redevelopment projects are
reviewed. Timely action could minimise these significant costs!
Rating
Advised on
2,930 rooms with freehold valuesbetween £1-£17m over past year
Advised on
£3bn of healthcare valuations across the UK last year
Leeds team valued over
£330m properties acrossthe UK last year
We have been active in the alternatives market for over 30 years and have the largest dedicated team of specialists covering valuation, consultancy and transaction services across:
New Build Developments Supporting new build developments across the sub sectors, including the 128 bed Travelodge Hotel in York and a 66 bed care home at Sunderland.
Self StorageValuation advice on a top-tier portfolio of self-storage units, including three assets in the Yorkshire region totalling over 130,000 sq ft and with a value in excess of £12m.
Primary Care Valuations Working as part of the national team on the Assura primary care portfolio valuation, including assets located across Yorkshire.
KP Club, Pocklington Valuation of a golf leisure resort and lodge park on behalf of Darwin IPIM Fund.
HotelsWe have valued and provided buyside advisory on small country house hotels to large branded corporate hotels.
13
Alternatives
Our market leading hotels team in Leeds is one if the most experienced in the sector.
• Student Housing
• Healthcare
• Higher Education
• Self-Storage
• Renewables
• Hotels
• PRS - Privare Rented Sector
• Car parking & Automotive
• Data Centres
CRESC
ENT
FERNDALE TER
RACE
ALBERT STREET
WINDSOR
NELSON STREET
WEST STREET
10.2m
SOUTH MARINE
DRIVE
PEMBROKE TE
RRACE
8.7m
THE SPA
10.2m
SOUTH CLIFF ROAD
PROMENADE
4.7m
LONDESBOROUGH
MEWS
GARRISON STREET
5.9m
9.7m
4.7m
5.8m
King Street
QUEEN STREET
Queen's Square
PRINCE STREET
HARBOURROAD
CLIFF STREET
SHIP HILL
CROSS STREET
King Street
Ship Hill
10.2m
GARDENWALK
9.0m
BRIDGE S
TREET
SAWMILL YARD
10.0m
9.7m
ROAD
CLIFF
SOUTH
THORPE STREET
11.0m
5m
10m
6.5m
8.7m 5m
9.7m
5m
8.5m
8.5m
8.5m
0.6 ha
boats10m
9.7m
6.3m
6.3m
0.7 ha
6.8m
beach
5m
9.7m
BusinessCentre
E
A
B
C
DHarbour ops / Boatyard
FHarbour
Marina
Harbour ops / Boatyard
Key
Site Boundary
Building Block
Road
Public Square
Trees
Green Space
Listed Structure
New Southern Pier Outline
Revetment
Office
Residential
Hotel
Commercial / Leisure
Land Use
Winter garden
Access point
(c) Crown copyright, All rights reserved. 2017. License number 0100031673
A1 A B C D E F G H I J K L M N
1
2
3
4
5
6
7
8
9
10
11
Do not scale
Arup Job No
Suitability
Name
Rev
Project Title
Client
© Arup
Rev Date By Chkd Appd
Role
Scale at A1
Drawing Title
UD 206
3
1:1000
DRAFTPlacemaking
254614-00
Development FrameworkOption Hybrid
Yorkshire Harbour & Marina
\\glo
bal\e
urop
e\ne
wca
stle
\Job
s\25
0000
\254
614\
00 B
rid\0
4 D
ELI
VE
RA
BLE
S\4
-05
Har
bour
Top
\Urb
an D
esig
n\D
raw
ings
\UD
_206
.dw
g 21
Jul
201
7 16
:53:
52
N50 Metres2050
Scale 1:1000
10
NOTES:· Listed south pier: Full public access with the Grotto and adjoining surface retained.· Access from the south to the pier will be via steps with an integrated ramp. By incorporating steps and moving the build line to
the south 20m away from the pier, sufficient sunlight and a sense of openness will be permitted. Interface between steps andpier to be decked or similar.
· Controlled vehicle access to service the pier is permitted. Intermittent use only.· Office with ground floor flexible uses facing onto boatyard.· This drawing will be subject to further refinement during the design concept stage.· Proposed stepped revetment area will be subject to further detailed design at design concept stage.· Precise extent and arrangement of the harbor operations and boatyard will be subject to further review.· Parking for the office within development D will be provided (within the parking deck under blocks A,B and C).· Indicative alignment of new south pier.· Indicative alignment of extension to north pier.· Indicative location of revetments.· Further revision of the floor space schedule will be required. Please note all areas are GFA except where specific numbers of
units of residential units are specified. These have been assumed as 55m2 per unit with a gross to net ratio of 70%.· This drawing has been produced in the absence of a Heritage Statement, a Traffic Impact Assessment, detailed highway design
and a full EIA.
/ /1 19 07 17 NM JT NYA
Issued for internal discussion
/ /2 20 07 17 NM JT NYA
Adjusted following comments on rev 1 Issued for internal discussion
Events & Regatta area
Channel (30m clear width)
Lock or
Tidal Gate
Short-term & waiting
Shor
t-ter
m &
wai
ting
/ /3 21 07 17 NM JT RH
Issued for client comments
Fisherman's Quay(Indicative outline only)
Created using CADplot http://www.oasys-software.com/cadplot/
In a world of ever-changing planning policies and procedures, making sure you have access to the right professional planning advice has never been so important. Our planning consultants work with developers, occupiers, land and property owners on all types of developments, maximising value and ensuring that their proposals receive planning permission.
We help funders, investors, developers and occupiers wisely bid for and unlock development opportunities as well as providing strategic advice to increase both the asset value and the returns.
Our expertise extends across all sectors, size and complexity of development. We have successfully advised on some of the largest and complex deals in Yorkshire and the North East, notably including the acquisition for the largest ever Free School and advising on a 6,000 residential unit development in North Lincolnshire.
The GORSE Academies Trust, Leeds Acquired 4.2 acre brownfield site, on behalf of EFA, for one of the largest free schools in England.
Yorkshire Marina, Bridlington Advising East Riding of Yorkshire Council on the delivery of the Yorkshire Marina and associated development – our advice includes viability, market and disposal advice.
Aykley Heads Business Park, Durham Advising Durham County Council on a new 800,000 sq ft business park to attract £850 million of inward investment from the private sector.
Five Guys, Newcastle Planning advisors to range of funds including Hermes Real Estate Ltd for change of use to allow Five Guys to enter Newcastle city centre.
14
Planning & Development
From prime city centre offices to out of town business parks, existing buildings to new developments, we have a long-standing reputation in delivering exceptional advice and results to office developers, investors, owners, occupiers and public sector organisations.
Working with our colleagues to share expertise and knowledge we ensure that our advice is always thought through, is underpinned by exceptional market intelligence and in-depth understanding of your business ambitions.
1 City Square, Leeds 12 storey office city centre building on behalf of AVIVA.
Bridgewater Place, Leeds Yorkshire’s tallest building: over 32 storeys with the commercial element comprising 250,000 sq ft of office/leisure space.
The Moor Sheffield Over 1m sq ft of retail, leisure & office space.
Central Arcade, Newcastle upon Tyne A Grade II listed retail and residential property on behalf of RoyalLondon Asset Management .
207 properties
1,135 tenants
£60m tenant rent roll
12m sq sq ft of property
15
Property & Asset Management
Currently managing
We are specialists in retail management; our philosophy is get the basics right then maximise value. We are a recognised industry leader with a first class team of retail experts offering full property management services from set-up advice to rent collection,temporary leasing and service charge recovery.
We provide our clients with specialist advice from marketing strategy to environmental improvements and we support them frompre-acquisition due diligence to development and eventual sale meaning we are one of the most valued service providers in the industry.
JLL’s Retail Development Consultancy Team provides unrivalled specialist advice and support on retail, leisure and mixed use developments and refurbishments to a wide variety of UK investors and developer clients. Through our expertise and experience we partner clients and provide bespoke advice on redevelopment and refurbishments and our input will not only maximise the benefits of these projects but will also minimise operational, technical and legal issues.
Feetham’s Leisure, Darlington 68,000 sq ft leisure quarter developed by Urban & Civic - provided development consultancy advice for 18 months prior to practical completion.
Victoria Gate, Leeds Managing on behalf of Hammerson - anchored by a flagship John Lewis store, which is the first in Leeds and the largest outside of London.
16
Retail Management
1,200 tenants
£80m tenant rent roll per annum
£23m in service charges
Currently managing 6.6m sq ft of property across the North
Investor Services
We are the market leading investment group in the UK advising clients on a full range of real estate investment products including offices, industrial, retail, alternatives, hotels and residential.
We advise every type of real estate owner and investor from private individuals to the largest institutions. As a result of our universal network we have strong links with international investors and are highly successful in developing buy and sell side relationships with clients seeking to invest in the UK.
If you’re looking to invest, we combine financial expertise with unparalleled property knowledge to help you creatively shape your real estate strategy and give your property decisions the edge.
Occupier Services
A successful real estate strategy goes beyond finding space. It also improves your productivity and enhances performance. When you’re equally strategic about your space and your business, you can:
Developer Services
In a fast moving world which is seeing high levels of change we help companies, funders and investors wisely bid for and unlock development opportunities. We pride ourselves in delivering market leading commercial and residential developments that are attractive to both occupiers and purchasers.
We work with you to build resilient strategies that will increase both the asset value and the development returns. We have the expertise to advise on the full range of development-related issues, including identifying and securing sites; planning permission; funding; design; project management; sustainability in all its aspects; and property to the right end-user. We can also deal with the site’s long-term management.
In short, our track record is across all sectors and we provide expertise on every type, size and complexity of development across the UK.
Wider UK Services
Drawing on the wider capabilities across JLL allows us to build teams that provide our clients with a truly integrated service across the entire property life cycle.
17
• Reduce your costs
• Attract the best talent
• Mitigate risk
• Uncover opportunities
• Easily adapt to changes in legislation
• Gain Sharper insights from data
Working in partnership with you, we’ll get your property strategy supporting your business’ objectives aims.
Find out about the services we offer - from location advice to design fit-out, from portfolio management to asset disposals – by visiting jll.co.uk/occupier-services
Integrated service
Andrew SummersgillCapital Markets+44 (0)113 235 [email protected]
Nick FerrisRetail & Leisure+44 (0)113 235 [email protected]
Rich HarrisIndustrial and Logistics+44 (0)113 235 [email protected]
Caroline PaceyLease Advisory +44 (0)113 235 [email protected]
Paul CursonProperty & Asset Management +44 (0)113 261 [email protected]
Joanna Gabrilatsou Planning+44 (0)113 244 [email protected]
Paul Davinson Rating+44 (0)113 235 [email protected]
Charles Calvert Residential +44 (0)113 261 [email protected]
Lee Conroy Lease Advisory+44 (0)113 261 [email protected]
Hannah Varley Retail Management +44 (0)113 235 5287 [email protected]
Henry Burton Development+44 (0)113 235 [email protected]
Harry Hawksby Alternatives+44 (0)113 261 [email protected]
Jeff Pearey - Lead DirectorOffice Agency+44 (0)113 261 [email protected] Contacts
Mathew Atkinson Capital Markets+44 (0)113 261 [email protected]
Tony Stott Buildings & Construction +44 (0)113 235 [email protected]
Richard Thornton Office Agency+44 (0)113 235 [email protected]
Simon Cullimore Valuation Advisory +44 (0)113 235 5241 [email protected]
1818
JLL
City Point
29, King Street
Leeds
LS1 2HL
+44 (0)113 244 6440
jll.co.uk/leeds
Yorkshire and the North East covered
© 2017 Jones Lang LaSalle IP, Inc. All rights reserved. The information contained in this document is proprietary to JLL and shall be used solely for the purposes of evaluating this proposal. All such documentation and information remains the property of JLL and shall be kept confidential. Reproduction of any part of this document is authorized only to the extent necessary for its evaluation. It is not to be shown to any third party without the prior written authorization of JLL. All information contained herein is from sources deemed reliable; however, no representation or warranty is made as to the accuracy thereof.