£40bn £10.5bn london and a significant

“During 2020 the UK market saw £40Bn of commercial property investment transactions.

£10.5Bn of this was in Central London and a significant proportion (almost c.30%) was from Asia – based capital.”

Services we offer overseas clients with UK assets and aspirations include:

Investment AdvisoryLease Advisory – rent reviews & restructures

Asset & Development Management

Development Consultancy Valuation Office Leasing

Residential Development & Investment Business Rates

Property Management

Allsop LLP & Millennium Group

UK property consultants Allsop LLP and Asia-based property advisors Millennium Group formed an alliance to strengthen their services to advise existing and new Asia-based investors looking to deploy capital into UK real estate.

The alliance serves to leverage the long-standing relationships and understanding of Asian client needs with the experience, expertise and extensive local market knowledge of the UK markets. This international synergy enables us to create informed, sensible, bespoke strategies through the entire cycle of property investing that is tailored to individual or corporate requirements.

About About

• Established in 1906

• Independent property consultancy (LLP)

• 19 Equity Partners

• 125 Fee Earners

• Each instruction is Partner-Led

• Offices in London West End, London City and Leeds

• Pride ourselves on our open, friendly and honest business approach

• Market-leading reputation for high quality service, market knowledge, insight and expertise

• Established in 1998

• Full Asia coverage

• Numerous long-standing relationships with Asia’s most prominent property investors

• Property management partnership with MJ Mapp

Allsop is an independent property consultancy, with a market-leading reputation for high quality service, market knowledge, insight and expertise. The firm has 19 equity partners and 125 fee earners and each instruction the firm undertakes is always Partner-led. Our success is built on over 100 years’ experience in commercial and residential property consultancy, sales and acquisitions, and we pride ourselves on our open, friendly and honest business approach.

Our specialist investment teams cover London West End, London City and UK National markets, and provide a personal service and the depth of market knowledge that enables clients to achieve the best return on their property investments. Allsop have advised on a cross section of single and portfolios of commercial and residential assets, ranging from transaction sizes of £1M to £300M.

The firm also offers a dedicated residential property management service and currently manages over £1.5Bn of UK property.

Millennium Group specialises in sourcing, acquiring, managing and maximising institutional grade property in prime international markets, typically valued in excess of £50M (HK$500M) per investment.

With over 30 years’ experience we have developed numerous long-standing relationships and mutual trust with Asia’s most prominent property investors.

These investors include many of Asia’s most prominent high net worth individuals, institutional investors, developers and sovereign wealth funds.

Our Asian clientele extends from Hong Kong and mainland China to Singapore, Korea, Taiwan, Japan, Malaysia and Indonesia, with relationships also in Thailand and IndoChina.

We have concluded almost £2Bn acquisition transactions in the hotel, office, retail and residential sectors. We currently asset manage £210M of stock and development manage £675M GDV of future pipeline.

Millennium Group with our property management partner MJ Mapp, manages £2Bn worth of commercial properties.

For more details on all Allsop services visit www.allsop.co.uk

For more details on Millennium Group visit www.millenniumgroup.net

Facts and Figures

EMEA Asset Management

£875M

Development Management

£125M confirmed

£675M is in negotiation

Investment Transactions

£2Bn

Asian Client Activity

Allsop corporate summary

Top 10ranked Investment Agency Practice

£1.5Bnin the last year

02039 transactions completed in the last year that’s almost 170 a month, 39 per week, 7.8 per day

In Top 15 UK property consultants on overall turnover

In excess of

10% of market volume transacted by the West End team in 2020

No.1 Ranked number 1 auctioneers in the UK

Valued over

£14Bnof property in 2020

Residential property management of

£1.5Bn property across the UK

Key Personnel

James AbrahamsPartner - Allsop LLPLondon City Investment & Development

T+44 (0)20 7330 1979 M+44 (0)7968 056 [email protected]

Nick PembertonPartner - Allsop LLP London West End Investment & Development

T +44 (0)20 7543 6775 M +44 (0)7711 070 [email protected]

Martin KayeChief Executive Officer - Millennium GroupHong Kong

T +852 2297 2206 M +44 (0)7481 414 [email protected]

James’ career began in 1999 with Allsop LLP and he has worked in the City Investment & Development team since 2001.

In 2016 he was made an Equity Partner in the team.

Relevant Expertise / Specialism

• James has acted on significant high profile sales for UK institutions, REIT’s, high net worth investors and property companies.

• Within the past 12 months James has sold Palace House in prime Southwark for £48.75M, The Epworth in Shoreditch for £73M, 9 & 16 Prescot Street for £57.5M and Ibex House in EC3 for £121.5M.

• James advises on significant development sites in the City and City Fringes specialising in mixed-use schemes from initial planning through to the letting strategy and sale.

Nick has over 25 years’ experience in London’s West End commercial property market.

Prior to joining Allsop, Nick was a partner at Godfrey Vaughan for 10 years, before merging with Colliers International where he subsequently spent three years as Head of West End Investment.


• Central London capital markets expert.

• Specialises in UK Funds sales and Private Overseas client investment purchases.

• Asset Management and Development services for clients on key assets.

• Nick also advises a number of Private UK Landlords and Family Offices representing interests in the Middle East and Asia.

Marty has over 30 years’ experience in real estate, and founded the Millennium Group in 1998.

He started his real estate career in Hong Kong in 1984 at Richard Ellis (now CBRE), rising to Executive Director heading the Asia-Pacific Investment & Agency division.


• Diverse experience including construction / development, investment, advisory and asset management.

• Established network of close, long-term relationships with prominent high net worth individuals, institutional investors, property developers, sovereign wealth funds and senior government officials across Asia.

• Recognising the potential of the UK property market growth, since 2012 he has been advising Asia-based capital on UK assets and has acquired almost £2Bn of commercial and residential real estate.

Key Personnel

Piers GloverPartner – Allsop LLPAsset Management & Development

T+44 (0)20 7543 6810 M +44 (0)7802 609 [email protected]

Chris RoomPartner – Allsop LLP London City Investment & Development


Scott TylerSenior Partner National Investment


Piers joined Allsop in 2011, from GVA Saxon Law where he was Head of West End Investment & Development, to establish the London West End team with Nick Pemberton.

The team offers investment, development, leasing and asset management advice. Piers is involved in all disciplines across the team providing a holistic view from each stand point, having worked in the Central London market for over 20 years.


• Heads the Asset Management team – assets advised on include Imperial House, WC2, Pinners Hall, EC2, 65 Curzon Street, W1 and 33 Gracechurch Street, EC3.

• Investment – experience includes the purchase of three of the 11 properties in the £1.1Bn WELPUT portfolio.

• Development - experience was instrumental in the purchase of 40-48 Broadway, SW1 (£43.75M), 13-17 Fitzroy Street, W1(£98.5M) and 26-46 Lisson Grove, NW1 (£25M).

Chris started his career in 2010 with BNP Paribas Real Estate where he worked in the Central London Investment team before joining Allsop in 2017 as a Partner in the London City Investment & Development team.


• Transaction sales experience includes The Epworth, 25 City Road, EC1 for £73M, Citygate House, Finsbury Square, EC2 for £110M, Buchanan House, Holborn, EC1 for £40M, 51 Eastcheap, EC3 for £50M and 110-114 Middlesex Street, E1 for £36M.

• Specialises in UK Fund sales and acquisitions on behalf of both Private UK and Overseas investors, particularly those with value-add requirements.

Scott began his career at Savills in 1990. He joined the Investment Department in 1993 and was invited to the Savills Commercial Board in 2004 becoming Head of Investment in the West End London office.

Scott joined Allsop from Savills in 2007 as an Equity Partner in the National Investment team. He became Managing Partner of the Commercial Division in 2014 and in 2016 became Senior Partner of Allsop. Scott continues to play a day-to-day role in the National Investment team, winning and growing more investment business.


• Investment sales specialist.

• Overall strategy and running of the Allsop LLP business.

Key Transactions

42-43 Great Marlborough Street, W1Prime retail and office building acquired on behalf of a Private Hong Kong Investor for £13.88M. After refurbishment and re-letting the asset value has significantly increased.

110 Cannon Place, EC4Prime multi-let office building, with value add opportunities, bought on behalf of a Private Mainland Chinese Investor for £93M.

Royal Scot Hotel, King’s Cross, WC1408-room, 3 Star Hotel acquired on the day the Brexit vote was passed, for a Hong Kong Listed Company for £70.3M.

3 St James’s Square, SW1Prime multi-let office building sold to a Private Hong Kong Family Office for £135M.

21 St James’s Square, SW1Prime 61,381 sq ft fully let freehold office building sold on behalf of Columbia Threadneedle Investments for £187.50M reflecting 3.65% NIY. Pontegadea acquired the property.

1 St James’s Square, SW1Prime St James’s freehold 103,655 sq ft office building acquired on behalf of a private Hong Kong investor for £250.10M. The building offers significant future asset management opportunities following an initial 2-year leaseback to the vendor (BP).

Marsha RabinovichAssociateCommercial Investment

T: +44 (0)20 7588 4433E: [email protected]

London City Team

James AbrahamsPartnerCommercial Investment & Development


Christopher RoomPartnerCommercial Investment & Development


Peter LancePartnerOffice Leasing


James NevillePartnerOffice Leasing


Katherine BowenPartnerCommercial Valuation


Valuation Team

Edward DunninghamPartnerCommercial Valuation


Gareth HosgoodPartnerCommercial Valuation


London West End Team

Nick PembertonPartnerCommercial Investment & Development


James PargeterConsultantCommercial Investment & Development


Richard TownsendPartnerOffice Leasing


Mark IbbotsonAssociateCommercial Investment


Chloe NewtonAssociateCommercial Investment


Barney LewisPartnerOffice Leasing


Student Housing

Anthony HartPartnerResidential Investment & Development


Key Contacts

James AcockPartnerLease Advisory


Richard BourchierPartnerLease Advisory


Lease Advisory and Business Rates

Andrew BoydPartnerResidential Investment & Development


Residential Investment & Development Team

National Investment Team

Scott TylerSenior PartnerCommercial Investment


Dale JohnstonePartnerCommercial Investment


Lottie HaywardAssociateCommercial Investment


Jeremy HodgsonPartnerCommercial Investment


Lesley RobertsPartnerLetting and Management & Build to Rent


Andy PointonPartnerNational Commercial Investment & Build to Rent


Build to Rent Team

Martin KayeChief Executive OfficerMillennium Group

T: +852 2297 2206E: [email protected]

Elaine WuGeneral ManagerMillennium Group

T: +852 2297 2206E: [email protected]

Asia Office

Piers GloverPartnerAsset Management & Development


Howard KauffmanConsultant Investment & Asset Management


Asset Management & Development Consultancy

Matt MillmanPartnerCommercial Investment


Robert SherwillPartnerBusiness Rates


OUR SERVICES

Allsop LLP & Millennium Group Alliance

Central London West End TeamThe team is led by 4 Partners, covering investment, development, leasing and asset management services in London’s West End Real Estate Market. Our Partners have a combined 100 years’ experience specialising in the West End sector, supported by a team of Associates and Surveyors. The Allsop West End team was involved in 10% of total London West End market transactions during 2020.

SPECIALISMS• The West End team provides joined up investment,

development and leasing advice to deliver outperformance.

• We provide asset management advice to key clients.

INVESTMENT TEAM • Advised on over £1Bn of real estate capital transactions in

the last 24 months.

• Office, retail and mixed-use transactions including education.

• With our experience and depth of relationships over half of our investment purchases are conducted and exercised off-market.

• Transactions range from £300M portfolios to small individual lot sizes.

• Our Asset Management Team offers comprehensive building business plan modelling in association with our Lease Advisory and Valuation teams.

• We provide development advice with a current advisory work pipeline of over £2Bn.

LEASING TEAM • Advising on 500,000 sq ft of current acquisitions and disposals.

• Active instructions range from 1,000 sq ft upwards, predominantly offices.

• 80% of our work is for Landlords, including Legal & General, Aviva Investors, Workspace Plc and The Howard de Walden Estate.

• Our current pipeline of Landlord work has a project value in excess of £4Bn.

CLIENTS• Include: Aberdeen Standard Investments, WELPUT,

Legal & General, Columbia Threadneedle, M&G Real Estate, Workspace Plc, Lazari Investments, Shun Ho Group, Lifestyle International and Citi Private Bank.

WHY ALLSOP?• We are a Partner-led team.

• We have an in-depth working knowledge of London’s West End property market, our expertise encompasses both the investment and leasing markets, which allows us to provide clients with a joined up approach and to outperform.

• We are exceptionally creative in the way we approach transactions and uniquely professional in the way we conduct our business.

• We have unrivalled access to off-market opportunities.

Nick PembertonPartnerInvestment & Development

+44 (0)20 7543 [email protected]

Richard TownsendPartnerLeasing


Chloe NewtonAssociateInvestment


Mark IbbotsonAssociateInvestment


James PargeterConsultantInvestment & Development


Harry TheakstonAssociateLeasing


Barney LewisPartnerLeasing


West End Investment & Development Team West End Leasing Team

Key Contacts and Transactions

One Neathouse Place, SW1• Off-market development

sale• Freehold• 117,472 sq ft vacant

office and retail building• Planning consent for a

716-bed hotel• Client: Columbia

Threadneedle

INVESTMENT

OFF-MARKET DEVELOPMENT SALE: £175.00M

The Kensington Building & The Kensington Arcade, W8 • Off-market development

disposal• Freehold• 128,663 sq ft of offices and

retail on completion in 2021• Client: Columbia

Threadneedle

INVESTMENT

OFF-MARKET DEVELOPMENT SALE: C.£200.00M

65-68 South Molton Street & 32 Brook Street, W1• Virtual Freehold• Multi-let 14,757 sq ft

office and retail building• Client: Columbia

Threadneedle

INVESTMENT

INVESTMENT SALE: £55.00M

21 St James’s Square, SW1• Freehold• 61,381 sq ft fully let office

building• Purchaser: Pontegadea• Client: Columbia

Threadneedle Investments• Yield: 3.65%


INVESTMENT

31 Dover Street, W1• Freehold• Multi-let 10,000 sq ft• Office and retail building• Client: Private Overseas

Investor

INVESTMENT PURCHASE: £22.35M

INVESTMENT

1 St James’s Square, SW1• Freehold• 2-Year sale & leaseback• 103,655 sq ft trophy office

building• Future asset management• Client: Private Hong Kong

Investor

INVESTMENT PURCHASE: £250.10M

ALLSOP & MILLENNIUM GROUP ACQUISITION

INVESTMENT

Piers GloverPartnerInvestment & Development



Central London City TeamThe team is led by 4 Partners, covering investment, leasing, development and asset management in London’s City and City Fringe real estate markets. Our Partners have a combined 200 years’ experience specialising in the City sector, supported by a team of Associates and Surveyors.

SPECIALISMS• The City team provides joined up investment, leasing

and development advice to outfperform.

• We provide asset management and development consultancy advice to key clients.

INVESTMENT TEAM • Advised on over £1.5Bn of real estate capital transactions

in the last 24 months.

• Office, retail and mixed-use investments including hotels.

• With our experience and depth of relationships over half of our investment purchases are conducted and exercised off-market.

• Transactions range from £5M freehold investments to £280M trophy assets.

DEVELOPMENT CONSULTANCY• Our development consultancy team currently advise

on over 6,000,000 sq ft of mixed-use accommodation which will be delivered over the next five years.

LEASING TEAM • Advising on over 4,500,000 sq ft (including development

pipeline) of office accommodation.• Currently under offer on 130,000 sq ft of office accommodation.• City Team has 950,000 sq ft of office accommodation

currently available.• 70% of our work is Landlord instructions, including Trilogy,

British Land, Brookfield, Resolution Property, Legal & General and Dorrington.

CLIENTS• Include: Schroders; Mizuho; Broadridge; Capreon; Peel Hunt;

London & Regional; The Estates Office; The Property Trust; Legal & General; Aberdeen Standard; Derwent London; Henderson Park and Dukelease

WHY ALLSOP?• We are a Partner-led team.• We have an in-depth working knowledge of London’s City

property market, our expertise encompasses both the investment and leasing markets, which allows us to provide clients with a joined up approach and to outperform.

• We are exceptionally creative in the way we approach transactions and uniquely professional in the way we conduct our business.


100 Leman Street, London , E1• Freehold• 95,810 sq ft • Prominent corner building

in the heart of Aldgate• Multi-let with a block date

of 2025• Client: Aberdeen

Standard Investments

City Investment & Development Team City Leasing Team

Arnold, London, EC2• 75,000 sq ft of offices • Refurbishment &

extension in Prime Shoreditch

• Client: The Property Trust

10 Old Bailey, London, EC4• Long Leasehold c.114 years

unexpired at 10% gearing.• 74,601 sq ft• Let to 7 tenants with a

WAULT of c. 3 years to earliest determination

• Highly reversionary with upcoming lease events providing opportunity for asset management

INVESTMENT ACQUISITION: £60.9M

Principal Place, London, EC2• 600,000 sq ft office

development by Brookfield

• Pre-let to Amazon• Client: Brookfield

INVESTMENT ACQUIRED DEVELOPMENT CONSULTANCY & OFFICE LEASING

DEVELOPMENT CONSULTANCY & OFFICE LEASING

The Epworth, London, EC1• Virtual Freehold• Newly developed

‘Best in Class’• Grade A office space• Long term income stream,

securely let to NTT Data UK Consulting and IT solutions Limited and Spaces with a WAULT of over 13 years

• Client: London & Regional

INVESTMENT SALE: £73MINVESTMENT SALE: QUOTING £68.0M

60 Aldgate, London, EC3• c. 213,960 sq ft• Long Leasehold - new

500 year lease• Situated in the heart of

Aldgate• Planning permission

granted for a landmark HQ office and retail building

INVESTMENT - UNDER OFFER INVESTMENT SALE INVESTMENT SOLD


James AbrahamsPartnerInvestment & Development


Howard KauffmanConsultantInvestment & Asset Management +44 (0)20 7588 [email protected]

Christopher RoomPartner Investment & Development +44 (0)20 7588 [email protected]

Peter LancePartner Leasing +44 (0)20 7588 [email protected]

James NevillePartner Leasing +44 (0)20 7588 [email protected]

Matthew MillmanPartner Investment +44 (0)20 7588 [email protected]

Marsha RabinovichAssociate Investment & Development +44 (0)20 7588 [email protected]

DEVELOPMENT CONSULTANCY

DEVELOPMENT CONSULTANCY

INVESTMENT SALE: QUOTING £40M

Central London Asset Management & Development ConsultancyThe team is Partner-led, providing asset management and development consultancy advice in London’s West End and City real estate markets. Allsop provides expertise covering the entire life cycle of a building, offering Lease advisory, leasing, investment and development advice to provide robust and detailed business plans.

ROLE• Tenant management.

• Identifying value enhancement opportunities – rent reviews, surrender and re-grant of leases, lease renewals, refurbishment works.

• Regular appraisals of the implications major decisions have on a building’s liquidity and investment value.

• Working with and instructing managing agents to run the building.

• Reporting quarterly to clients with updated cashflows, ongoing building strategy and managing agents’ report.

SPECIALISMS• Development Management – we have an established

and enviable track record of successful developments particularly within the London Boroughs of Westminster, the City of London, Hackney and Tower Hamlets.

• Lease Management – with over 75 years of experience within our Lease Advisory team we have the unique set of skills and knowledge that are required to carry out rent reviews and lease renewals, which are the first opportunity to create performance in an asset.

• Refurbishment / Redevelopment – analyse the business case for the refurbishment / redevelopment / repositioning of a building, provide development appraisals and design specifications and instruct the parties agreed to implement the building strategy.


• We have an in-depth working knowledge of London’s property market, which allows us to provide clients with a joined up approach and to outperform.

• We are exceptionally creative in the way we approach a building’s strategy and uniquely professional in the way we conduct our business.

Asset Management


ROLE• Land, acquisitions and disposal strategies

• Detailed feasibility and financial analysis/ modelling

• Assembly and appointment of project teams

• Scheme design – architectural and structural

• Site assembly through Private Treaty and Compulsory Purchase Orders

• Planning advice

• Rights of Light advice

• Marketing advice and leasing/sale strategies

• Interface with government stakeholders including TfL and GLA

• Process and timescale to project deliverability

• Structure of Option and Development Agreements

• Disposal advice and Joint Venture Arrangement

CLIENTS• UK Funds, PropCo’s, High Net Worth Private Overseas

Investors and Public Bodies (including the London Borough of Hackney and the City of London.

WHY ALLSOP?• Allsop are the most established and largest agent in the

City Fringe area, providing development consultancy advice and carrying out sales.

• The team have a long history dealing specifically with planning matters, valuation, developments, leasing and sales.

• We provide the full spectrum of advice to generate the best value through our experience in the area working closely with the Local Authority, tenants and end buyers.

Development Consultancy

Piers GloverPartner


Howard KauffmanConsultant


Marsha RabinovichAssociate Investment & Development+44 (0)20 7588 [email protected]

Oliver BurchellTrainee Surveyor


Asset Management & Development Consultancy Team

Key Contacts

Case Study 1• 46,200 sq ft mixed use property.• Offices on lower ground, ground

and eight upper floors, with ground and lower ground floor retail space.

• Refurbishment and repositioning of the ground floor reception, including dual access points, and refurbishment of the common parts.

• Refurbishment of a number of the office floors, including a private roof terrace on the 8th floor.

• Refurbishment of lower ground floor space to include showers, bike storage and storage space.

• Negotiation of rent reviews, lease renewals and re-letting of refurbished office floors.

• Building now fully let and income producing at current market rental levels.

Case Study 2• 109,500 sq ft office building

arranged over lower ground, ground and six upper floors.

• Negotiated dilapidations payment with an outgoing tenant, which covered all costs incurred by the client.

• Creation of a block date by strategically positioning lease renewal negotiations to enable the building’s redevelopment in the future.

• Relocation of tenant who wanted to leave, to larger space within the building. Refurbished previous space and marketing to let.

• Ongoing work with the client to produce quarterly asset management reports and annual business plans for the building’s future redevelopment

• Refurbishment and short-term letting of vacant space.

Case Study 3• 105,500 sq ft office and retail

building over basement, ground and six upper floors.

• Lease management including rent review negotiations and prevention of break operations.

• Feasibility studies produced to illustrate how the vacant basement space can be more creatively utilised including as tenant amenity space to drive rents or as directly income producing space as storage units.

• Tender process carried out to improve building’s security provision following tenant feedback.

• Ongoing work with the client to produce quarterly asset management reports and ensuring that the building remains fully income producing.


Asset Management Case Studies

The Stage, EC2• A 2.5 acre site assembled on

behalf of a private family• £750M – total capital value of

project• Project team assembly - scheme

design by Perkins + Will• Obtained planning consent for

250,000 sq ft of office and retail accommodation and a 38-storey residential tower comprising 412 private apartments

• The development includes a one acre public open realm centred around the London Borough of Hackney’s first Scheduled Ancient Monument, being Shakespeare’s Curtain Theatre, which will be housed in a purpose built visitor centre and will become a premier tourist attraction.

• Allsop advised on the Joint Venture structure between the Freeholder and the development partners, led by Cain Hoy, Vanke, Galliard Homes and McCourt leading to the sale of a new 250-year ground lease subject to a gearing of 4%

Republic, East India Dock, E14• A significant 6.4 acre Freehold

island site acquired for £170M (£280 psf), reflecting 6% NIY on behalf of a club of major pension funds, managed by LaSalle Investment Management.

• £450M total capital value of project• East India Dock was a tired 1990s

development that had a vacancy rate of 50% with an average rent of £18 psf.

• Allsop’s advice was to undertake a phased refurbishment of the offices and analyse the potential for significant mixed use redevelopment over the longer term whilst maximising returns by focusing on the educational and related sectors in order to achieve a strong income stream from excellent covenants

• This high quality office campus being created consists of four buildings comprising 695,000 sq ft with 471 car parking spaces. This scheme is seeking rents of £35.00 per sq ft.

• To date, as consultants and leasing advisors for the scheme, Allsop has secured 17 tenants on the site including approximately 128,000 sq ft being taken up by universities in the Import Building and 37,000 sq ft being taken in the Export Building.

Alphabeta, Finsbury Square, EC2• A vacant 200,000 sq ft property

secured off market for Resolution as a result of the Receivership of the Freeholder for £43M in 2015

• Creative refurbishment and extension to create 244,661 sq ft of newly refurbished Grade A office, restaurant, bar, gym and ancillary accommodation which Allsop 100% pre-let during construction. The landmark building is situated on the north side of Finsbury Square.

• Allsop advised on the international marketing strategy to secure a purchaser. Following the implementation of the marketing campaign the property was sold in September 2015 for a price of £280M, reflecting a net initial yield of 4% to Sinar Mas Land.

• The transaction realised a net profit of £163M and was voted the 2016 UK Deal of the Year by Property Week and the professional team won the Estate’s Gazette award for Agency Team of the Year and RIBA Architect of the Year.

Development Consultancy Case Studies


National Investment TeamThe team is led by 5 Partners supported by a team of Associates and Surveyors with a combined 160 years’ experience. The team covers the entire UK outside of Central London across all sectors – office, industrial, retail, retail warehousing and leisure / hotels.

SPECIALISMS• Sale and acquisition of a wide range of properties

and portfolios ranging from £2M to over £100M.

• Dedicated Private Client Team working within the National Team dealing in £2M to £10M lot sizes.

EXPERIENCE / TRACK RECORD• Over £1.4Bn transacted in the last two years.

• Over the last two years approximately 10% of the investment portfolio market has been transacted by the Allsop National Investment Team.

• In excess of 145 private treaty sales undertaken over the last two years.

CLIENTS• Include: Aviva Investors, Blackrock, British Land, British Steel,

CBRE GI, TH Real Estate, Kames, Lone Star, London Metric, M&G Real Estate, Aberdeen Standard Investments, Columbia Threadneedle, LaSalle Investment Management, Workspace Plc and XLB.



• Our in-depth market knowledge offers clients the best advice on their property investments.

• Dealing with all sectors across all UK markets, we see an unequalled breadth of stock and opportunities.

Scott TylerSenior Partner+44 (0)20 7543 [email protected]

Jeremy HodgsonPartner+44 (0)20 7543 [email protected]

Alex ButlerPartner+44 (0)20 7543 [email protected]

Dale JohnstonePartner+44 (0)20 7543 [email protected]

Lottie HaywardAssociate+44 (0)20 7543 [email protected]

James SalmonAssociate+44 (0)20 7543 [email protected]

Tom DalesAssociate+44 (0)20 7543 [email protected]

Richard GaleAssociate+44 (0)20 7543 [email protected]

National Investment Team


Hornet Portfolio• Seven industrial assets

spread across the UK• Total floor area of

270,472 sq ft• Average unexpired

term of 3.5 years (2.5 years to breaks)

20 Chapel Street, Liverpool• Freehold• Prime office

accommodation built in 2007

• Strong tenant line-up including Liverpool Football Club

M&S Supermarkets, Ferndown & Haslemere• Prime Supermarket

investments • Located within

exceptionally affluent areas

CRM Portfolio• Three multi-let industrial

assets in Greater London• Significant rental reversion

and management potential

• Corporate structured transaction

300 Capability Green, Luton• Freehold• High quality office and

research building totalling 181,750 sq ft

• Fully let to BAE Systems on a 25-year lease with 10 years unexpired

107-143 Muswell Hill Road, London, N10• Freehold• Mixed-use investment

with development potential

• 6 retail units, a cinema and 19 flats totalling 41,805 sq ft

• Client: Nuveen Real Estate


OFF-MARKET INVESTMENT PURCHASE: £40M

OFF-MARKET INVESTMENT SALE: £20M

OFF-MARKET INVESTMENT PURCHASE: £14.65M

OFF-MARKET INVESTMENT PURCHASE: £62M


INDUSTRIAL PORTFOLIO INDUSTRIAL PORTFOLIO OFFICE

OFFICE MIXED-USESUPERMARKETS

Valuation TeamThe team is led by 11 Partners with over 230 years of combined experience supported by a team of Associates and Surveyors. The team covers Central London and the entire UK.

SPECIALISMSWe value for a variety of purposes including:

• Loan security valuations for all major lenders into the UK market.

• Valuations for financial accounting.

• Portfolio valuations.

• Development appraisals.

• Ground rents.

• Mixed-use / Build to Rent / Student / HMO / specialist residential.

• Tax.

• Charities Act.

• Expert Witness.

EXPERIENCE / TRACK RECORD• Valued over £14bn in 2020.

• UK wide coverage of all major asset classes, commercial, residential and alternative sectors.

• Value properties at all price levels, our highest recent valuation was at £7Bn.

CLIENTS• Include: UK lending banks and funders, Institutional Funds,

Private Equity Investors, Property Companies, Private High Net Worth Investors, Charities and Solicitors.

WHY ALLSOP• We are a Partner-led team.

• We work alongside our London City, London West End and National Investment teams, some of the most creative and proactive agents in the UK market, providing our valuers with the best in depth market knowledge.

• We provide commercially minded market based opinions.

• We are independent and are generally free from conflicts of interest.

Ed DunninghamPartner+44 (0)20 7543 [email protected]

Rob AustenPartner+44 (0)20 7344 [email protected]

Andrew HobanPartner+44 (0)20 7543 [email protected]

Andrew WellsPartner+44 (0)113 236 [email protected]

Katherine BowenPartner+44 (0)20 7543 [email protected]

Gareth HosgoodPartner+44 (0)20 7543 [email protected]

Valuation Team


Central Saint Giles, WC2• Valued for fund

acquisition purposes• Multi-let landmark mixed

use office, retail and residential development

• Extending to approx. 400,000 sq ft

Tesco Site, Morning Lane, E9• Valued for acquisition

purposes in connection with a mixed-use development of the site

• Tesco supermarket and associated car parking for c. 250 cars

Elixir House, NW10• Valued for loan

security purposes• Detached, single

storey warehouse with three storey office accommodation

• Extending to 77,400 sq ft• The property is owner

occupied

37 Wood Street, EC2• Valuation for accounts

purposes• Grade II* listed police

station• Proposed planning

to create a 201 room luxury hotel

Brixton Village & Market Row, SW9• Valued for year-end

accounts purposes• Two large indoor

market sites offering retail and restaurant accommodation

• Let to a subsidiary of Groupe Geraud and operated as market space

One Hyde Park, SW1• Ground rent investment

valued for internal accounts purposes

• One of London’s most exclusive residential schemes, completed in January 2011

• Comprises 86 luxury apartments

• Part of a mixed-use development extending to circa 350,000 sq ft

OFFICE INDUSTRIAL RETAIL

DEVELOPMENT RESIDENTIAL

APPROX. VALUE: £600M

APPROX. GROSS DEVELOPMENT VALUE OF: £285M


APPROX. GROSS DEVELOPMENT VALUE OF £130M



MIXED-USE


Lease Advisory & Business Rates TeamThe team is led by 4 Partners supported by a team of Surveyors. Our Partners have a combined 115 year’s experience.

SPECIALISMS• Central London office market.

• Central London retail and leisure market.

• South East industrial and office market.

• Rent reviews.

• Lease renewals.

• Re-gears.

• Dilapidations.

EXPERIENCE / TRACK RECORD • Instructions range from £60,000 - £20,000,000

per annum rent roll.

• RICS Panel Arbitrator within the team.

• Active instructions range from 2,000 sq ft to 85,000 sq ft.

• Every instruction is serviced by a Partner.

CLIENTS• Include: Henderson Park, Miller Insurance, Columbia

Threadneedle, Telereal Trillium, First Property Group, Hines, City of London Corporation, BMO, Sony, London Borough of Hackney, The Property Trust, XL Catlin, Aviva Investors, Capreon, Telefonica, CCLA, CBRE GI, Schroders, M&G Real Estate and UCity.

WHY ALLSOP?• Fundamental capability to deal with substantial complex

rent reviews for example Embankment Place, W1 (350,000 sq ft) and 20 Gracechurch Street, EC3 (150,000 sq ft).

• Research capabilities – we have strong relationships in the market and have a collaborative relationship with our London West End and London City investment and leasing teams.

• Legal knowledge – a trusted understanding of valuation significant clauses.

• Analytical – experienced in reasoned interpretation and adjustment of evidence in order to formulate rational arguments.

Lease Advisory

Business Rates

WHAT ARE BUSINESS RATES?• A property tax payable by

property owners and occupiers.

• The amount depends on the property’s “rateable value”, which is based on the hypothetical annual market rent value.

• Business rates are payable when the property is occupied, empty or undergoing redevelopment.

SOME OF OUR CLIENTS• ABP London (RAD).

• Mitsui Fudosan.

• The Property Trust (HK).

• Sony.

• Aviva Investors.

• The Premier League

We represent funds, high net worth individuals, property developers and property owners and property occupiers.

HOW WE CAN HELP If your property is:

• Under refurbishment or redevelopment.

• Not capable of occupation (e.g. asbestos / fire escape issues).

• Vacant - awaiting planning.

• Vacant - with excessive rates liability

What we can do:

• Seek removal of your liability.

• Challenge historic liabilities - generation of a refund.

• Where rateable value £0 has been achieved - ensure favourable date for re-entry to liability.

• Mitigate your ongoing liability.

Richard BourchierPartner+44 (0)20 7543 [email protected]

James AcockPartner+44 (0)20 7543 [email protected]

John BanburyPartner+44 (0)20 7543 [email protected]

Central London Lease Advisory Team Business Rates Team

Key Contacts

Robert SherwillPartner+44 (0)20 7543 [email protected]

Aoife BroderickAssociate+44 (0)20 7543 [email protected]

White City Place, W12• 931,000 sq ft office and

retail redevelopment• Client: Mitsui Fudosan /

Stanhope

Television Centre, W12• 1.45M sq ft office,

residential and leisure development

• Client: Stanhope / BBC / AIMCo / Mitsui Fudosan

Asian Foodhall, NW9• Bang Bang Oriental• Client: Edgware Capital

SAVINGS: £4.0M SAVINGS: £1.6M SAVINGS: £900,000+


33 Gracechurch Street, EC3• 107,000 sq ft offices• Rent Reviews & Lease

Regears• Client: Asia Based

Investor

50 Curzon Street, W1• 26,500 sq ft of offices

& retail• Rent Reviews &

Lease Renewals• Client: Private Investor

Imperial Place, Borehamwood• 220,000 sq ft offices• Rent reviews and lease

renewals throughout the scheme

• Client: First Property Group

11 Chenies Street, W1• 60,000 sq ft offices• Rent Review• Client: Schroders

4 Carlton Gardens, SW1• 28,000 sq ft offices• Rent Review• Client: M&G Real Estate

99/121 Kensington High Street, W8• 98,000 sq ft offices• Rent Review• Client: Sony Music

RENT REVIEWS & LEASE REGEARS RENT REVIEWS AND LEASE RENEWALS

RENT REVIEWS AND LEASE RENEWALS

RENT REVIEW

RENT REVIEW RENT REVIEW

OFFICE

OFFICES & RETAIL

OFFICE

OFFICE

OFFICE

OFFICE

BUSINESS RATES BUSINESS RATES BUSINESS RATES

Case Studies

Residential Investment & DevelopmentThe Residential Investment & Development team comprises more than 20 industry experts, with 220 years of shared experience with national and regional coverage from both our offices in London and Leeds that includes a specialist Central London team.

SPECIALISMS• Investments - disposal and acquisition of blocks of

flats, portfolios of flats and houses, HMOs and student accommodation (both as assets and corporately).

• Developments - disposal and acquisition of land and buildings with / without planning, partially complete development sites, commercial buildings with development potential and development consultancy.

EXPERIENCE / TRACK RECORD• Sold and acquired in excess of £1.1Bn worth of residential

property over the last three years.

• Transacted on a huge variety of assets with values from £1M to £60M.

• Deals undertaken in every region in mainland UK with a focus on London, the South East and the North.

• A growing presence, and number of deals transacted, across the Midlands including the Oxford-Cambridge Arc.

CLIENTS• Include: Akelius, Stonegate Homes, Hudson’s, CBRE GI,

Aviva Investors, NHS, Investec, Barratt Developments, Sports Direct, Grainger, Long Harbour, Quintain, Student Cribs and various Receivers.

WHY ALLSOP?• Co-ordinated joint marketing from both London and Leeds

teams to maximise national and regional exposure.

• Unrivalled market knowledge supported by an extensive database of active investors.

• Ability to offer private treaty with auction backstop.

• Ability to act jointly with our commercial investment teams to add value for residential development / permitted development opportunities.

• Close integration / liaison with our Build to Rent team.


Andrew BoydPartner+44 (0)20 7344 [email protected]

Anthony HartPartner+44 (0)113 243 [email protected]

Adam KervenPartner+44 (0)20 7344 [email protected]

Michael LinanePartner+44 (0)20 7344 [email protected]

William ShoebothamPartner+44 (0)20 7344 [email protected]

James WilsonPartner+44 (0)113 236 [email protected]

Residential Investment & Development Team


Garden Square Portfolio, London, W2• Freehold• Three unbroken blocks• Affluent neighbourhood

Flax Place, Leeds• Planning permission for a

development comprising of 300 residential dwellings

• Site extends to 0.53 ha (1.3 acres) gross

Regional Portfolio, UK wide• Freehold• Eight residential blocks• Fully let on ASTs

North West Portfolio• 438 house and flats• Across the NW of England

High Road, Wood Green, N22• Vacant M&S department

store• Planning for a residential-

led redevelopment.

Bollo Lane, Ealing• Former industrial site• Planning permission for

a mixed use scheme• Comprising 101

residential units with commercial units at ground floor.

UNDER OFFER: ASKING PRICE £25M+

SOLD: 4.3M

SOLD: C.£21M

ACQUIRED: C.£32M

SOLD: £11.85M

SOLD C.£15M

Residential Build to RentTotal of 10 people specialising in all facets of BTR, derived from existing teams covering consultancy, agency and operations. We currently manage over 5,000 residential units on behalf of institutions and act as operating partner on a number of major build to rent schemes

SPECIALISMS• Research

• Analysis and viability

• Valuation

• Operational consultancy

• Letting and management

• Development agency

• Investment agency

EXPERIENCE / TRACK RECORD• Advised on over £1.5Bn BTR developments

across the UK.

CLIENTS• Include: Land Securities, Goldman Sachs, Home Group,

Moorfield, Greystar, Network Homes, Aberdeen Standard Investments, Access Self Storage, Lincoln Property Group, McLaren Property Group, Grainger, PGIM, Realstar, Barings, Canada Life and ENGIE.

WHY ALLSOP?• Allsop are a niche specialist BTR consultancy. Our experience

in transacting complicated forward funding transactions is key in a sector still in a development phase. Managing over 5,000 units allows us to analyse all investment components of a BTR opportunity as well as operating the assets themselves.


Andy PointonPartnerT: +44 (0)20 7543 6720M: +44 (0)7929 506 [email protected]

Lesley RobertsPartnerT: +44 (0)20 7344 2653M: +44 (0)7738 436 [email protected]

Matt SmithHead of Asset ManagementT: +44 (0)113 290 2516M: +44 (0)7843 413 [email protected]

Kelly SmithHead of OperationsT: +44 (0)20 7344 2622M: +44 (0)7786 731 [email protected]

Sam VeritySenior SurveyorT: +44 (0)20 7344 2622M: +44 (0)7721 652 [email protected]

Olivia BentleySurveyorT: +44 (0)20 7344 2638M: +44 (0)7425 862 [email protected]

Build to Rent Team


Fabrik, Leeds• Role: Investment• Scheme: 216 units

comprising a U-shaped buildings around a central courtyard

• Grainger Plc was selected as the investment partner

The Forge, Newcastle• Role: Management• Scheme: 283 premium

quality one, two and three bedroom build to rent units

• The first true BTR scheme in Newcastle. Designed over three buildings and released in phases

Becketwell, Derby• Role: Investment advisor

to the developer• Scheme: 259 BTR

apartments

Manox, Manchester• Role: Research

consultancy and investment

• Scheme: 296 BTR houses and apartments, forming part of a wider 16 acre masterplan

Station Hill, Reading• Role: Research, design,

management and operational consultancy

• Scheme: 550+ BTR units part of a wider mixed-use regeneration scheme

• Provided competitor / rental analysis, a critique of the scheme, supported the planning process

• Retained to provide operational and investment

Vox, Manchester• Role: Consultancy and

management• Scheme: 280 premium

one, two and three bedroom build to rent apartments featuring a rooftop running track


Student Housing TeamThe student investment team comprises four industry experts with national and regional coverage from both our London and Leeds offices including specialists in HMO, small and large scale operational PBSA and development opportunities.

SPECIALISMS• Investments – disposal and acquisition of HMO portfolios,

student housing conversions and small to large scale PBSA

• Developments – disposal and acquisition of land subject to student consent, forward commit and forward funding structures

• Value-add – Acquisition of Bespoke acquisition advice with support of our research partner Students

CLIENTS• Student Cribs/ Mansford LLP, Steyn Group/ Almero

Student, Empiric PLC, Student Tribe, Kexgill, Condor Properties.

WHY ALLSOP• Considered approach spanning the whole UK

student market; all asset types and deal structures

• Off-market bespoke requirement search function

• Detailed market and investment appraisals with unrivalled datasets

• London and Regional market presence

• Close integration with our Build to Rent team

Anthony HartPartner+ 44 (0)113 236 [email protected]

James HoodAssociate+ 44 (0)20 7344 [email protected]

Vicky BinghamSenior Surveyor+ 44 (0)113 236 [email protected]

Nick TroubridgeSenior Surveyor+ 44 (0)20 7344 [email protected]

Student Housing Team


• 48 bed PBSA development ‘Waterside Village’ in Salford

• 123 bed PBSA development ‘City View’ in Jesmond

• 698 bed HMO portfolio in Newcastle • 114 bed PBSA development ‘Bowran House’ in Preston

ACQUIRED: £11.30M SOLD: £7.86M ACQUIRED: £36.70M SOLD: £5.50M

Services

Asset Management

Auctions

Build to Rent

Business Rates

Development Management

Investment (Sale & Acquisition)

Lease Advisory

Letting and Management

Office Leasing (Central London)

Receivership

Student Housing

Valuation

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

Asia Office:

Hong Kong office:MillenniumLevel 16, The Hong Kong Club Building,3A Chater Road, Central, Hong KongTel: +852 2297 2206

millenniumgroup.net allsop.co.uk

www.allsop.co.uk

£40bn £10.5bn london and a significant

Documents