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Liz Peace - The developer's perspective
 

Liz Peace - The developer's perspective

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Liz Peace, CEO British Property Foundation

Liz Peace, CEO British Property Foundation
The developer's Perspective

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    Liz Peace - The developer's perspective Liz Peace - The developer's perspective Presentation Transcript

    • The developer’s perspective An overview from theBritish Property Federation Liz Peace, Chief Executive Active Design Symposium Design Council CABE 25 October 2012
    • What is Commercial Property? > A major part of the UK economy > Provides a platform for virtually all of the country’s major industries > Plays a crucial role by providing places in which people can work, shop and enjoy leisure activities > Larger than the banking, leisure, communications and transport sectors > A significant investment asset for the pensions industry, contributing to the financing of our retirement Source: PIA 2012 Property Data ReportActive Design Symposium – Design Council CABE BPF - The voice of property
    • Commercial Property - how big is it? Core commercial property (£617bn) Other commercial property (£100bn) Other non-domestic buildings (£103bn) Residential (£4,224bn) Source: PIA 2012 Property Data ReportActive Design Symposium – Design Council CABE BPF - The voice of property
    • Component parts of Commercial Property Private rented sector 2.6% in 2011 Other - when statistics first commercial - recorded Factories – £100bn £69bn Retail - £227bn Warehousing - £97bn Offices - £224bn Source: PIA 2012 Property Data ReportActive Design Symposium – Design Council CABE BPF - The voice of property
    • Who owns this CommercialProperty? Invested Commercial Property Type of owner £bn UK Institutional (insurance 78 £351bn companies, pension funds) £103bn Collective investment 61 schemes Overseas investors 76 UK REITs/listed property Cos 48 UK unlisted property Cos 29 Traditional estates /Charities 13 £365bn Private investors 17 Other 42 TOTAL £365bnSource: PIA 2012 Property Data ReportActive Design Symposium – Design Council CABE BPF - The voice of property
    • The owners > Private companies > Public companies > Institutions > Private equity > Banks > Public sectorActive Design Symposium – Design Council CABE BPF - The voice of property
    • Commercial Property – connecting with the economy Savers/ Investors/ ConstructionInvestors Bank Industry Capital (Debt/Equity) Sell to Investor Owner/Developer Another Co Savers/ Pension Fund Investors Insurance Co Rent Let to Occupier Industrial, Retail, Office, Leisure Multiplier effect CommunityActive Design Symposium – Design Council CABE BPF - The voice of property
    • Better quality property makes a better business > Higher rents > Shorter voids > Satisfied occupiers > More lease renewals > Better local Government / community relationsActive Design Symposium – Design Council CABE BPF - The voice of property
    • But ... > Falling values > Falling rent levels > Higher planning / development costs > s. 106 > CIL > Flaky occupier demand > Regional disparitiesActive Design Symposium – Design Council CABE BPF - The voice of property
    • How to get property folk to focus on quality, design, public health! > Legislation > Fiscal incentives > Governance > Planning rewards > Fiscal penalties > Public sector exemplarsActive Design Symposium – Design Council CABE BPF - The voice of property