The Definitive Guide to Retail & Leisure Parks 2020 Liz iz - - PowerPoint PPT Presentation

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The Definitive Guide to Retail & Leisure Parks 2020

Liz iz Will illia iamson

Ge General l Man anager

Trevor Wood Associates

Top 10 Retail Parks in the UK 2020

The Definitive Guide to Retail & Leisure Parks 2020 Rank Scheme Location Region 1 Middlebrook Retail & Leisure Park Bolton North West 2 Castlepoint Bournemouth South West 3 Clifton Moor Centre (Phases 1 - 4) York Yorkshire & Humberside 4 Fort Kinnaird Edinburgh Scotland 5 Parkgate Shopping Rotherham Yorkshire & Humberside 6 New Mersey Liverpool North West 7 The Brewery Romford South East 8 Glasgow Fort Glasgow Scotland 9 Rushden Lakes Shopping Park Rushden East Midlands 10 Giltbrook Nottingham East Midlands

These Retail Parks are ranked the same as 2019

Top 5 Shopping Parks in the UK 2020

The Definitive Guide to Retail & Leisure Parks 2020 Rank Scheme Location Region 1 Castlepoint Bournemouth South West 2 Fort Kinnaird Edinburgh Scotland 3 Parkgate Shopping Rotherham Yorkshire & Humberside 4 New Mersey Liverpool North West 5 Glasgow Fort Glasgow Scotland

These Shopping Parks are ranked the same as 2019

Top 10 Retail Warehouse Clusters in the UK 2020

The Definitive Guide to Retail & Leisure Parks 2020 Rank Scheme Location Region 1 Westwood Road Broadstairs South East 2 Monks Cross York Yorkshire & Humberside 3 WestQuay Southampton South East 4 Newcraighall Edinburgh Scotland 5 Lakeside Grays South East 6 Cribbs Causeway Bristol South West 7 Braehead Renfrew Scotland 8 Tritton Road Lincoln East Midlands 9 Sealand Road Chester North West 10 Middlebrook Bolton North West

8 positional changes to the table compared to last year – Monks Cross the highest riser

Top 10 Investment Managers for Retail Warehousing

Aberdeen Standard Investments lead for the 3rd year while the top 10 remains unchanged

The Definitive Guide to Retail & Leisure Parks 2020 2019 Rank: 2 2018 Rank: 2 2019 Rank: 1 2018 Rank: 1 2019 Rank: 3 2018 Rank: 3

2019 Investment Manager

2018

4th

M & G Real Estate

4th

5th

CBRE Global Investors

5th 6th

IKEA

6th 7th

Nuveen Real Estate

7th 8th

Aviva Investors

8th 9th

Legal & General Investment Management

9th 10th LaSalle Investment Management 10th

Top Investment Managers for RW

Regional Leaders

The Definitive Guide to Retail & Leisure Parks 2020 SC EA SW WA NI

MCAP Global Finance

WM EM N NW Y&H SE

Top 10 Direct Property Owners for Retail Warehousing

The Definitive Guide to Retail & Leisure Parks 2020 2019 Rank: 2 2018 Rank: 2 2019 Rank: 1 2018 Rank: 1 2019 Rank: 3 2018 Rank: 5

2019 Investment Manager

2018

4th

Prudential Life Fund

6th

5th

UK Retail Warehouse Fund

5th 6th

B & Q Properties

7th 7th

Peel Holdings

8th 8th

Orion European Real Estate Fund V

*** 9th

EPISO

10th 10th Brookhouse Group 11th

British Land maintain 1st place while Orion European Real Estate Fund V appear for the first time

Top 10 Investment Managers for Retail Parks

Aberdeen Standard Investments lead for the 3rd year while there were 6 positional changes to the top 10

The Definitive Guide to Retail & Leisure Parks 2020 2019 Rank: 2 2018 Rank: 2 2019 Rank: 1 2018 Rank: 1 2019 Rank: 3 2018 Rank: 3

2019 Investment Manager

2018

4th

Nuveen Real Estate

5th

5th

Columbia Threadneedle Investments

4th 6th

Tristan Capital Partners

9th 7th

CBRE Global Investors

8th 8th

Legal & General Investment Management

6th 9th

LaSalle Investment Management

7th 10th Aviva Investors 10th

Top Investment Managers for RP

Regional Leaders

The Definitive Guide to Retail & Leisure Parks 2020 SC EA SW WA NI

MCAP Global Finance

WM EM N NW Y&H SE

Top 10 Direct Property Owners for Retail Parks

The Definitive Guide to Retail & Leisure Parks 2020 2019 Rank: 2 2018 Rank: 3 2019 Rank: 1 2018 Rank: 1 2019 Rank: 3 2018 Rank: 4

2019 Investment Manager

2018

4th

Prudential Life Fund

5th

5th

Orion European Real Estate Fund V

*** 6th

EPISO

7th 7th

Landsec

6th 8th

Peel Holdings

8th 9th

BlackRock UK Property Fund

9th 10th Brookhouse Group 10th

British Land maintain 1st place while Orion European Real Estate Fund V are a new entry

Top 10 Managing Agents for Retail Warehousing

The Top 6 remain unchanged while MAPP are the highest climbers

The Definitive Guide to Retail & Leisure Parks 2020 Rank 2019 Rank 2018 Managing Agent Change

1st 1st

Savills ▬

2nd 2nd

JLL ▬

3rd 3rd

Workman ▬

4th 4th

CBRE ▬

5th 5th

Broadgate Estates ▬

6th 6th

Fidum Property Management ▬

7th 9th

Mapp

▲

8th 7th

Lambert Smith Hampton

▼

9th

10th Colliers International ▲

10th

8th Cushman & Wakefield

▼

Top Managing Agents for RW

Regional Leaders

The Definitive Guide to Retail & Leisure Parks 2020 SC EA SW WA NI WM EM N NW Y&H SE

Top 10 Managing Agents for Retail Parks

There are no new entries to the top 10 this year

The Definitive Guide to Retail & Leisure Parks 2020 Rank 2019 Rank 2018 Managing Agent Change

1st 1st

Savills ▬

2nd 2nd

JLL ▬

3rd 3rd

Workman ▬

4th 4th

CBRE ▬

5th 5th

Broadgate Estates ▬

6th 6th

Fidum Property Management ▬

7th 8th

Mapp

▲

8th 7th

Lambert Smith Hampton

▼

9th

10th Colliers International ▲

10th

9th Cushman & Wakefield

▼

Top 10 Letting Agents for Retail Warehousing

Savills are now the leading agent, surpassing Avison Young for the first time

The Definitive Guide to Retail & Leisure Parks 2020 Rank 2019 Rank 2018 Managing Agent Change

1st 2nd

Savills ▲

2nd 1st

Avison Young ▼

3rd 4th

Curson Sowerby Partners ▲

4th 3rd

Morgan Williams ▼

5th 5th

Harvey Spack Field ▬

6th 6th

CWM ▬

7th 8th

Edgerley Simpson Howe

▲

8th 10th McMullen Real Estate

▲

9th

9th Stockford Anderson ▬

10th

7th Cushman & Wakefield

▼

Top Letting Agents for RW

Regional Leaders

The Definitive Guide to Retail & Leisure Parks 2020 SC EA SW WA NI WM EM N NW Y&H SE

Top 10 Letting Agents for Retail Parks

Savills are still the leading agent while McMullen Real Estate rise to 8th

The Definitive Guide to Retail & Leisure Parks 2020 Rank 2019 Rank 2018 Managing Agent Change

1st 1st

Savills ▬

2nd 2nd

Avison Young ▬

3rd 3rd

Curson Sowerby Partners ▬

4th 4th

Morgan Williams ▬

5th 5th

Harvey Spack Field ▬

6th 6th

Stockford Anderson ▬

7th 7th

CWM

▬

8th 10th McMullen Real Estate

▲

9th

8th Edgerley Simpson Howe ▼

10th

9th Cushman & Wakefield

▼

The Definitive Guide to Retail & Leisure Parks 2020 UNITS DECREASE million sq. ft. NATIONAL RANK *** 70

• 20%

13 *** 212

• 8%

16 245

• 3%

5 1 2 3 4 5

Top 5 Decreasing Tenants

• 100%
• 100%

DECREASE %

• 0.10
• 1.10
• 0.60
• 0.59
• 0.17

The Definitive Guide to Retail & Leisure Parks 2020 UNITS INCREASE million sq. ft. NATIONAL RANK 239 2 196 12% 6 74 7 68 22% 23 37 61% 47

Top 5 Increasing Tenants

9% 8% INCREASE % 0.13 0.47 0.34 0.21 0.20 1 2 3 4 5

Top 20 Leading Retail Park Tenants

B & Q continue to lead, Home Bargains and The Range move up the table and Dunelm return to the top 10

The Definitive Guide to Retail & Leisure Parks 2020

Top Retail Park Tenants

Regional Leaders

The Definitive Guide to Retail & Leisure Parks 2020 SC EA SW WA NI WM EM N NW Y&H SE

Retail Warehousing Floorspace Historical Analysis

Increase in floorspace fell while overall supply grew by 0.7%

The Definitive Guide to Retail & Leisure Parks 2020 20 40 60 80 100 120 140 160 180 200 220 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Total Retail Warehousing floorspace (including Retail Parks) Total Retail Park floorspace Retail Warehouses not

• n Retail Parks

Available Retail Warehousing "Second-hand" space available

Vacancy rates by planning consent - %

Overall vacancy rate is now 7.6% - the highest since Q2 2014 but the rise is slowing

The Definitive Guide to Retail & Leisure Parks 2020 1 2 3 4 5 6 7 8 9 10

Q2 2014 Q4 2014 Q2 2015 Q4 2015 Q2 2016 Q4 2016 Q2 2017 Q4 2017 Q2 2018 Q4 2018 Q2 2019 Q4 2019

All Retail Warehousing Open A1 schemes Open Non Food schemes Bulky Goods or Restricted schemes

Top 5 Historical Peak Rents

Top rents exclude A3 and leisure units as well as those units under 4,000 sq. ft.

The Definitive Guide to Retail & Leisure Parks 2020

Fosse Shopping Park, Leicester £105.00 Brookfield Shopping Park, Cheshunt £75.00 Brent South Shopping Park, London £66.00 Birstall Shopping Park, Leeds £65.00 Colney Fields Shopping Park, St Albans £65.00

Pipeline

The Definitive Guide to Retail & Leisure Parks 2020

104 schemes are still proposed – 65 are thought likely to proceed before 2027

110 schemes have been built out

38 opened with reduced GLA

9 schemes became standalone Grocery Stores

69 of these were refused planning or withdrawn

19 of these have converted to Residential

10 were re-developed for non-retail

299 developments have been proposed in the last 10 years

Nort Northern Ga Gateway - Co Colchester Weymou

• uth Ga

Gateway Retail il Par ark Th The e Cir Circus - Li Liverpoo

• ol

27 27 fewer tha than 2018 2018 Schemes coming out

• f the ground

2020 Summary

The Definitive Guide to Retail & Leisure Parks 2020 Aberdeen Standard Investment are the top Investment Manager Savills are still the leading Management Agent & now the leading Letting Agent

B & Q remain the top tenant Mothercare recorded the biggest decrease B & M recoded the biggest increase

There are some significant regional differences The vacancy rate has increased to 7.6% The pipeline has decreased British Land are the top Direct Property owner

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