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LONG INCOME/ ALTERNATIVES
MARKET UPDATE
NATIONAL INVESTMENT
ALTERNATIVE SECTOR ASSETS SOLD OR BOUGHT OVER THE LAST 12 MONTHS
ALTERNATIVES WEIGHTED AVERAGE YIELD & 10 YEAR GILT YIELD
As GILT returns remain low, alternative investments continue to offer attractive yields in a secure and defensive sector.
ALLSOP’S LONG INCOME / ALTERNATIVES HIGHLIGHTS 2018/2019
ALLSOP’S LONG INCOME / ALTERNATIVES HIGHLIGHTS 2018/2019
MARKET UPDATE MARKET UPDATE
10 Year GILT Yield
Alternative AvgWeighted Yield
1.00%
1.50%
2.00%
2.50%
3.00%
3.50%
4.00%
4.50%
5.00%
5.50%
6.00%
6.50%
7.00%
7.50%
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Feb2019
Yie
ld (
%)
Year
£330m of Alternative / long income transactions in the past 12 months
Deal range of £1.5m to £130m (Private Treaty)
Unrivalled marketing list including over 50,000 investors
Average alternative sector deal size of £11.6m (Private Treaty)
Alternative / long income deal done every week
£The above graph highlights the increase in the yield gap between the Alternatives Sector weighted average yield and 10 year government GILTS.
ALLSOP LONG INCOME / ALTERNATIVES TRANSACTIONS
2O18/2O19
LONG INCOME / ALTERNATIVES
Prepared by: Allsop LLP33 Wigmore Street, London W1U 1BZ
PROJECT KEY
Portfolio of 45 pubs located nationally. Let to Spirit Pubs for a further 15.5 years with fixed uplifts
PUBLIC HOUSES
Portfolio of 6 Hotels let to Travelodge for a further
19 years with uncapped RPI linked rent reviews
HOTELSPROJECT ROYAL
Client: ApriroseVendor: British Land
Price: £130m Client: M&G Real EstatePurchaser: Private Investor (Overseas)
Price: £22.77mNIY: 5.60%
PROJECT KEY
LONG INCOME / ALTERNATIVES
2018/2019 Long Income Alternatives Transaction Highlights
LONG INCOME / ALTERNATIVES
2018/2019 Long Income Alternatives Transaction Highlights
CAR PARK
Long Income Investment let to NCP Car Parks for a further 21 years with RPI linked rent reviews
CAR PARK
Long Income Investment let to NCP Car Parks for a further 17.5 years with RPI linked rent reviews
PUBLIC HOUSE
Pub let to Genius Star for a further 25 years with fixed uplifts
GYM
Gym let to David Lloyd for a further 17 years with RPI uplifts
HEATHCOTE ARMS, GROVE GREEN, LEYTONSTONE
Price: £2.88m Client: Private Investor (Overseas)NIY: 5.06% Purchaser: Private Investor (UK)
DAVID LLOYD, 24 CABOT LANE, POOLE
Price: £10.76m Vendor: S.I. Pension TrusteesNIY: 4.71% Client: CBRE Global Investors
NCP CAR PARK, MOUNT STREET, NOTTINGHAM
Price: £22.45m Vendor: Global MutualNIY: 4.20% Client: Staffordshire County Council
NCP THE SQUARE, RICHMOND HILL, BOURNEMOUTH
Marketing Price: £5.54m Client: Global MutualNIY: 5.25%
LONG INCOME / ALTERNATIVES LONG INCOME / ALTERNATIVES
CAR SHOWROOM
Iconic Car Showroom located on Chiswick roundabout let to Tesla for a further 9 years
CAR SHOWROOM
Car Showroom let to Vertu Motors for a further 15 years with fixed uplifts
2018/2019 Long Income Alternatives Transaction Highlights
PETROL STATION
Petrol Station & Convenience Store let to Co-op for a further 10 years with fixed uplifts
PETROL STATION
Petrol Station & Convenience Store let to Co-op for a further 10 years with fixed uplifts
CO-OP PETROL STATION, WATERHOUSE LANE, CHELMSFORD
Price: £3.80m Client: Investra CapitalNIY: 5.75% Purchaser: Chelmsford City Council
CO-OP PETROL, MILLBROOK ROAD WEST, SOUTHAMPTON
Price: £4.00m Client: Investra CapitalNIY: 5.50% Purchaser: OLIM
TESLA, 109 DEVONSHIRE ROAD, CHISWICK, W4 2AN
Price: £10.10m Vendor: IWA Holdings LimitedNIY: 4.45% Client: Private Investor (Overseas)
INFINITI CAR SHOWROOM, NEWCASTLE UPON TYNE
Price: £3.70m Client: DVS PropertyNIY: 5.37% Purchaser: Private Investor (Overseas)
LONG INCOME / ALTERNATIVES
Well located student accommodation let on individual ASTs
STUDENT ACCOMMODATION
NURSERY
Nursery let to Busy Bees Nurseries for a further 23.5 years with fixed uplifts
DATA CENTRE
Data Centre let to Virgin Media for a further 15.5 years with fixed uplifts
BUSY BEES NURSERY, SPRINGFIELD ROAD, CHELMSFORD
Price: £2.75m Client: Friar House InvestmentsNIY: 4.51% Purchaser: Morley Stores Limited
DATA CENTRE, SOUTH GYLE, EDINBURGH
Price: £2.95m Client: West Midlands Metropolitan Authority Pension FundNIY: 6.28% Purchaser: CBREGI
Client: Private Investor (UK)Marketing Price: £9.25mGIY: 7.85%
CITY VIEW JESMOND, ESKDALE TERRACE, JESMOND, NEWCASTLE UPON TYNE
LONG INCOME / ALTERNATIVES LONG INCOME / ALTERNATIVES
2018/2019 Long Income Alternatives Transaction Highlights
Sale & Leaseback let to Q-Park on a new 35 year lease with RPI uplifts
CAR PARK
Sale & Leaseback let to Q-Park on a new 35 year
lease with RPI uplifts
CAR PARKQ-PARK, WATERLOO STREET, GLASGOW
Client: Q-ParkPurchaser: M&G Real Estate
Price: £16.60mNIY: 4.40%
Client: Q-ParkPurchaser: Elstar
Price: £4.56mNIY: 4.98%
Q-PARK, CASTLEGATE, SHEFFIELD
2018/2019 Long Income Alternatives Transaction Highlights
LONG INCOME / ALTERNATIVES LONG INCOME / ALTERNATIVES
WALTON HOUSEST JOSEPHS
LAS ARENASBEACH LODGE
BLACKBIRD COTTAGE
ESSEX HOUSE
WALTON WALLS
Long Income Investment let to Butlins Skyline with an unexpired lease term of 23.75 years with RPI uplifts
STAFF ACCOMMODATION
Landmark mixed use leisure investment with a WAULT of 36 years and index linked
fixed rental uplifts
MIXED USEST JOSEPHS VILLAGE, ALBERT ROAD, BOGNOR REGIS
Client: Private Investor (UK)Marketing Price: £10.80mNIY: 5.25%Under Offer
Client: Private Investor (UK)Marketing Price: £34.80mNIY: 4.75%
ARUNDEL GATE, SHEFFIELD
ALL SECTORS
ALL SIZES
ALL SOLD
SPECIALIST INVESTMENT SERVICES
With over 150 years’ experience, our investment teams specialise in commercial investment sales, acquisitions, and development opportunities across the UK, in the office, industrial, retail and mixed use sectors.
National Investment Sales/Acquisitions & Development
Portfolio Sales/Acquisitions
Dedicated Private Client Team
2O19
THE TEAM
Jonathan ButcherAssociate
020 7543 6755
Richard LeaAssociate
020 7543 6832
Lottie HaywardAssociate
020 7543 6750
Tom DalesAssociate
020 7543 6866
Liam StraySenior Surveyor
020 7543 6769
Jeremy HodgsonPartner
020 7543 6709
Scott TylerPartner
020 7543 6719
Alex ButlerPartner
020 7543 6722
Dale JohnstonePartner
020 7543 6796
James SalmonAssociate
020 7543 6880
Ronnie MorganSurveyor
020 7543 6808
Andrew WiseSurveyor
020 7543 6731
Gergo PetrovicsGraduate Surveyor
020 7543 6847
David HammondConsultant
020 7543 6721
allsop.co.uk
OFFICES
Head office:33 Wigmore Street London W1U 1BZTel: +44 (0)20 7437 6977
City office:2 Copthall Avenue London EC2R 7DATel: +44 (0)20 7588 4433
Leeds office:8th Floor, Platform New Station Street Leeds, LS1 4JBTel: +44 (0)113 236 6677
SERVICES
Asset ManagementAuctionsBuild to RentBusiness RatesDevelopment Agency & AdvisoryInvestment (Sales & Acquisition)Lease ConsultancyLetting and ManagementOffice Leasing (Central London)ReceivershipStudent HousingValuations