The developer’s         perspective      An overview from theBritish Property Federation     Liz Peace, Chief Executive   ...
What is Commercial Property?  > A major part of the UK economy  > Provides a platform for virtually all of the country’s m...
Commercial Property - how big is it?                                                         Core commercial              ...
Component parts of Commercial Property                                                                      Private rented...
Who owns this CommercialProperty?                                                   Invested Commercial Property          ...
The owners   > Private companies   > Public companies   > Institutions   > Private equity   > Banks   > Public sectorActiv...
Commercial Property – connecting with the economy Savers/             Investors/           ConstructionInvestors          ...
Better quality property makes a better business   > Higher rents   > Shorter voids   > Satisfied occupiers   > More lease ...
But ...   > Falling values   > Falling rent levels   > Higher planning / development     costs      > s. 106        > CIL ...
How to get property folk to focus on quality, design, public health!   > Legislation                                      ...
Liz Peace - The developer's perspective
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Liz Peace - The developer's perspective

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

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Liz Peace - The developer's perspective

  1. 1. The developer’s perspective An overview from theBritish Property Federation Liz Peace, Chief Executive Active Design Symposium Design Council CABE 25 October 2012
  2. 2. 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
  3. 3. 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
  4. 4. 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
  5. 5. 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
  6. 6. The owners > Private companies > Public companies > Institutions > Private equity > Banks > Public sectorActive Design Symposium – Design Council CABE BPF - The voice of property
  7. 7. 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
  8. 8. 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
  9. 9. 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
  10. 10. 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

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