1. Thursday 22nd May 2014
Presentation by DanCrossley, Investment Partner,
WHR Property Consultants LLP
TAKING ADVANTAGE OF OPPORTUNITIES INTHE
ECONOMIC RECOVERY
2.
3. Why?
• Increased demand
• Old and new players
• Low interest rate environment
• The return of debt to the market – 70%
lending is back!
• We didn’t double dip!
4.
5. Asset Quoting Price Sale Price % INXS
Sunlight House
Manchester £28.5m
(7.36%)
£34,500,000
(6.35%)
21.05%
Deeside
Industrial Park
Flintshire £27.53m
(9.5%)
£34,000,000
(7.69%)
23.5%
St James House
Manchester
£19m
(7.58%)
u/o circa £21m
(6.5%)
10.53%
Walker Park
Blackburn
£9.85m
(9.50%)
u/o circa £11.25m
(8.3%)
14.21%
6.
7.
8.
9.
10. 1 Spinningfields 2 St Peter’s Square First Street
• Predicted rental growth
• New regional based jobs
• 11% growth forecast in professional and admin
• Regions becoming value for money v London (overall costs)
• Supply has fallen 12% in the past 12 months
13. • Opportunity is spread across the whole of the market like never before
• It is not just about the quick trading of assets as the market recovers
• It is more about the future of property
1. Development
2. Recycling/refurbishment
3. Change of use
• The regions will prosper
• Up to date knowledge and advice is the key