Capita Symonds Commercial Real Estate Services

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Capita Symonds Commercial Real Estate Services

  1. 1. Real estate adviceand services fromCapita Symonds
  2. 2. Introduction 11. Asset Management 22. Building Consultancy 33. Corporate Services 44.1. Investment Sales 54.2. Investment Acquisition 65. Lease Advisory 76. Office & Industrial Agency 87. Property Management 98. Rating 109. Receivership & Recovery 1110. Retail 1211. Valuation 13
  3. 3. 1 Introduction We are specialists in commercial property valuation, acquisition, sales, asset management, development consultancy and leasing. We are also one of the UK’s leading property and facilities managers. A short summary of our services follows. If you’d like to know more or you’d like a view on your real estate issues please call or email me or my colleagues listed. We look forward to working with you and developing a valuable and trusting relationship in the future. Alan Dornford Director – Markets© Capita Symonds 2012. All rights reserved. Real Estate
  4. 4. 2 1. Asset Management During the ownership lifecycle we work with clients to enhance the value of their assets. Core services –– Strategic portfolio advice: performance monitor, weightings, buy/sell –– Occupational lease re-gearing, rent reviews, lease renewals –– Superior interest restructuring: strategy and impact –– Development review: alternative use appraisal –– Market monitor: occupational and investment market monitor and forecasting. The Corporation of O&H Trinity House Alexandra Business Park, Sunderland The Court House, Harper Road 96 acres, 600,000 sq ft 20,000 sq ft Redevelopment Office and Industrial Park Ongoing asset management and strategic advice Citibank Axa REIM Equinox 34 Dover Street, London, W1 Milton Keynes 22,000 sq ft 50,000 sq ft Ongoing asset management, Lease regear leasing and strategic advice Invesco AXA CIS 11 & 12 Old Jewry, London, EC2 Castlewood House, London, WC1 65,000 sq ft 85,000 sq ft Ongoing asset management Ongoing asset management Alan Dornford Director t +44 (0)20 7544 2211 m +44 (0)7774 490745 alan.dornford@capita.co.uk© Capita Symonds 2012. All rights reserved. Real Estate
  5. 5. 3 2. Building Consultancy Our team, one of the largest in the UK, looks after the physical life cycle of a building from acquisition to disposal, managing all the practical aspects of asset management in between. Core services –– Building surveys –– Planned maintenance programmes –– Design and space planning –– Dilapidations advice –– Project management –– Insurance reinstatement valuations –– Repairs and refurbishment –– Construction monitoring. RBS Standard Life Investment Ltd Condition surveys of 130 properties Stone cleaning and repairs to a inspected and reported on in 90 days. landmark office and retail building. £350,000 Greenwhich Hospital Estate Henderson Produced a 10yr preventative Four Pools Retail Park, Evesham maintenance programme for a World Project management of 20,000 sq ft Heritage site. new retail unit pre let to Pet’s at Home. £5m £1.2m Bupa Waterhouse Square Design project management and London EC1 move management for their Staines Negotiated a terminal dilapidations new headquarters. settlement on behalf of the tenant. £1.2m £3.7m Bob Cooke Robert Bradley Director Director t +44 (0)20 7544 2021 t +44 (0)20 7544 4221 m +44 (0)7733 124480 m +44 (0)7734 333826 bob.cooke@capita.co.uk rob.bradley@capita.co.uk© Capita Symonds 2012. All rights reserved. Real Estate
  6. 6. 4 3. Corporate Services Core services –– Portfolio strategy –– Workspace analysis –– Procurement of new space –– Disposal of surplus –– Asset management. ITV – Manchester Bupa – UK Headquarter site strategy Full account management Size: 24 acres Size: 90 units Speedy Hire – UK Wide National Grid Sale and leaseback Managing all lettings, Size: 400,000 sq ft in 68 units asset management 500 brownfield sites nationwide Sue Ryder – UK Nationwide Pitney Bowes – Europe Full Account Management Full asset management 80 Store Acquisition Programme Size: 2.0m sq ft Size 400 units Jonathan King Director t +44 (0)20 7544 2129 m +44 (0)7971 246279 jonathan.king@capita.co.uk© Capita Symonds 2012. All rights reserved. Real Estate
  7. 7. 5 4.1. Investment Sales Core services –– Pricing and sales strategy –– Ready-for-sale due diligence including co ordination of input from other third party advisors –– Marketing materials/sales pack –– Marketing and co ordination of interest development with principals/advisors –– Negotiation strategy, bid formulation and execution of sale. Scottish Widows Investment Royal Mail Group Partnership 131 Kings Road, Chelsea Meadows Business Park Development Site Disposal Camberley £37.0m Business Park Disposal £23.5m GE Real Estate Henderson Global Investors Richmond Riverside Office Portfolio Sale Richmond, London, £46.0m Office Campus Sale £45.0m CURO Property Funds Scottish Widows Investment The Rotunda, Partnership Kingston-upon-Thames St Peters Way Retail Park Northampton Leisure Scheme Disposal Retail Park Sale £50.7m £18.3m Rob Cass James Keys Director Director t +44 (0)20 7544 2256 t +44 (0)20 7544 2045 m +44 (0)7901 518752 m +44 (0)7771 997374 robert.cass@capita.co.uk james.keys@capita.co.uk© Capita Symonds 2012. All rights reserved. Real Estate
  8. 8. 6 4.2. Investment Acquisition Core services –– Sourcing opportunities –– Valuation and negotiation strategy –– Co-ordination of comprehensive due diligence pre-purchase: legal, tax, planning, surveys –– Formal purchase report. Private Investor Aviva Investors The Governor’s House, Direct Line House, Quay St, Manchester London, EC2 £23.64m City Office Acquisition £86.0m Legal and General Cordea Savills Bishop’s Cleeve and Lydney Crystal Court, Tesco Supermarkets Briset Street £31.0m London, EC1 City Office Acquisition £23.0m Moorfields/Segro JV Hildane Properties UK Wide Industrial Portfolio 28 Dorset Square, Acquisition London, W1 £310m+ West End Office Acquisition £17.0m Rob Cass James Keys Director Director t +44 (0)20 7544 2256 t +44 (0)20 7544 2045 m +44 (0)7901 518752 m +44 (0)7771 997374 robert.cass@capita.co.uk james.keys@capita.co.uk© Capita Symonds 2012. All rights reserved. Real Estate
  9. 9. 7 5. Lease Advisory Some regard rent reviews and lease renewals simply as a battle between landlord and tenant. We see things differently. Whether acting for an investor or occupier, the terms of any lease impact on the bottom line. Core services –– Rent reviews –– Asset initiatives –– Lease renewals –– Regearing leases. 30,000 sq ft London office building. Rent review for Nat West on 55,000 Rent review acting for tenant taken sq ft at 15 Bishopsgate, London, EC2, to arbitration, saving over £300k pa agreed nil increase after protracted against landlord’s initial proposal. negotiations. Rent: £1.2m Rent: £1.04m pa Current Lease renewal for RBS of Prime West End retail unit. Rent 115,000 sq ft at 199 Bishopsgate, review acting for tenant, achieving Broadgate, London EC2 against savings amounting to £450k over the British Land. Seeking short term remaining term of the lease. flexible extension with repair liability Rent: £580,000 pa concessions. Rent: £5.18m pa Expert Witness giving evidence in Lease regear acting for the tenant Lands Tribunal on rental valuation of of 110,000 sq ft distribution facility, the most famous department store in achieving c.£1m savings in rent. the world as at 1 April 2005 for rating Rent: £700,000 pa purposes. Rent: £18m pa Paget Lloyd Paul Lewis Director Director t +44 (0)20 7544 2102 t +44 (0)20 7544 2216 m +44 (0)7867 906926 m +44 (0)7920 582932 paget.lloyd@capita.co.uk plewis@capita.co.uk© Capita Symonds 2012. All rights reserved. Real Estate
  10. 10. 8 6. Office & Industrial Agency Core services –– Market research and analysis –– Marketing strategy and implementation –– Pre-disposal due diligence –– Transaction management Ganton House Sovereign Gate Richmond London, W1 Sale Acquisition 22,600 sq ft 11,000 sq ft 133 Houndsditch Lakeside House, London, EC3 Bracknell Disposal Acquisition 140,000 sq ft 110,000 sq ft 20 Triton Street, Sovereign Court Hounslow London, NW1 Disposal Acquisition 26,000 sq ft 20,000 sq ft Andrew Smith Director t +44 (0)20 7544 2211 m +44 (0)7919 326085 andrew.smith7@capita.co.uk© Capita Symonds 2012. All rights reserved. Real Estate
  11. 11. 9 7. Property Management We are one of the top three property managing agents in the UK. We have more than 100m sq ft of assets under management for investors and corporate occupiers. Core services include –– Rent and service charge collection –– Facilities management –– Planned maintenance and building improvements –– Tenant relocation –– Lease event management. royal london asset management Andrew Holden Director t +44 (0)20 7544 2227 m +44 (0) 7887 825695 andrew.holden@capita.co.uk© Capita Symonds 2012. All rights reserved. Real Estate
  12. 12. 10 8. Rating Core services –– Survey, valuation advice and appeals –– Rate refund calculations and recovery –– Identifying empty rate relief opportunities –– Rates budgeting forecasts. Sky – West London offices Blackstone – Hayes Size: 134,000 sq ft Size: 270,000 sq ft Saving: £1.5 million Saving: £2.0m Hermes – West End Retail ABN Amro/RBS – City Size: 6,200 sq ft Size: 250,000 sq ft Saving: £100,000 Saving: £2.9m Royal Mail – Heathrow Shearman & Sterling – City Size: 235,000 sq ft Saving: £1.1m Saving: £500,000 Andrew Warde Director t +44 (0)20 7544 2050 m +44 (0)7919 326082 andrew.warde@capita.co.uk© Capita Symonds 2012. All rights reserved. Real Estate
  13. 13. 11 9. Receivership & Recovery We can relieve the mortgagee of the risks of recovering a property debt. We provide advice on strategy, asset management and alternative uses to achieve a financial settlement that satisfies the lending requirements. Core services –– Assimilate the facts and confirm the validity –– Qualify the security of the appointment –– Manage, collect rent and asset manage –– Value/appraise and report on market –– Agree strategy to maximise the value of the asset conditions and issues –– Regularly review strategy. Feltham town centre –– Identified and assessed alternative potential exit routes –– Agreed JV with developer –– Obtained planning consent for comprehensive redevelopment –– Achieved sale of a complex asset for £11m plus profit share after 5-year workout Colchester and Doncaster B&Qs –– Sold an unpopular product in a falling market, with little to no available finance –– Achieved a successful sale when the investment market and lenders were anti retail warehousing Magnet portfolio –– Capita Symonds established management team to collect rents and deal with Health and Safety issues across the entire portfolio –– Appraised alternatives for optimising the value of the property to enable recovery of loan working with architects, quantity surveyors and planners Fred Meehan Associate t +44 (0)020 7544 2195 m +44 (0)7779 140831 fred.meehan@capita.co.uk© Capita Symonds 2012. All rights reserved. Real Estate
  14. 14. 12 10. Retail Core services –– Store acquisition programmes, UK & Ireland –– Market research and analysis –– Consultancy and strategic advice –– Disposals. Hollister Gilly Hicks 5-year acquisition UK acquisition programme programme 6 stores to date. 31 stores so far. Sue Ryder AXA Over 50 new shops Shop unit letting in acquired since Chiswick High Street. January 2011. Sainsbury’s Abercrombie & Fitch Disposal -sublet Consultancy advice on of former supermarket flagship lease. in Finchley Road, London Ray Dowse Director t +44 (0)20 7544 2013 m +44 (0)7917 064585 ray.dowse@capita.co.uk© Capita Symonds 2012. All rights reserved. Real Estate
  15. 15. 13 11. Valuation Core services We value all types of property from prime city centre office buildings and shopping centres to car parks and open parkland. Our clients range from major public and private sector organisations to private individuals. Our valuation methods cover: –– Market value –– Existing use –– Alternative use –– Depreciated replacement cost. Tunbridge Wells Borough Council VION Food Group Ltd Annual valuation of a portfolio Portfolio of 39 food production consisting of 200 facilities and 152 agricultural Council owned properties properties £50.0m £250.0m Prudential Greenwich Hospital Quarterly valuation of 110 prime retail Portfolio of 160 properties located properties in Greenwich London £500.0m £70.0m Anglo Irish Bank Deutsche Bank Elizabeth House, York Road, Waterloo, Lancer Square, Kensington Church London Street, London £550.0m £35.0m Paul Watling Director t +44 (0)20 7544 2296 m +44 (0)7900 408370 paul.watling@capita.co.uk© Capita Symonds 2012. All rights reserved. Real Estate
  16. 16. Head officeCapita Symonds Ltd1 Procter StreetLondon WC1V 6DW+44 (0)20 7492 0200125 Shaftesbury AveLondon WC2H 8AD+44 (0)20 7544 200010 King William StreetLondon EC4N 7TW+44 (0)20 7544 2000Elder House, Multrees WalkEdinburgh EH1 3DX+44 (0)131 460 1200The Observatory8th Floor, Chapel WalksManchester M2 1HL+44 (0)161 819 4200capitasymonds.com/realestate

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