commercial property 51
Lending environment invigorated – but we’re not out of the woods yet
Fears of a ‘double-dip’ recession in the UK and ongoing crisis amongst eurozone financial markets didn’t inspire the greatest confidence as the current year took shape and the UK is still haunted by the prospect of a worse-than expected double-dip, write Ed Bellfield and David Mathieson of Christie + Co
However, for those of us engaged in the commercial property sector there are reasons why our optimism – though influenced by the realities of the economy – is far from groundless.
In the early part of 2012, the transactional environment across the core sectors in which Christie + Co operates – hospitality, leisure, care, education and retail – has been steady rather than spectacular but there are encouraging signs that this will improve, buoyed by a return of debt funding.
For the second consecutive year Christie + Co has achieved number one ranking in the leisure and hotels category of Estates Gazette’s EGi
Deals Competition to find the UK’s most active agents. And, over the first half of 2012, we sold over 500 properties across all our sectors.
From a valuation perspective Christie + Co witnessed a very busy start to 2012, undertaking over 1,000 valuations in the first half of the year. The majority of these have been instructed on behalf of banks revisiting their existing security or by businesses looking to refinance away from their incumbent lenders, with valuation volumes for new transactions remaining low.
The Business Magazine half Oct 12.qxp:Publican Brand Web half 20/8/12 12:26 Page 1
Christie + Co offers a comprehensive range of professional services to meet clients’ needs. Our reputation
AGENCY | VALUATION SERVICES | INVESTMENT | CONSULTANCY
intelligent choice
the
Winchester Office T: 01962 844455 E:
winchester@christie.com Enfield Office Bristol Office
T: 020 8370 3100 E:
enfield@christie.com T: 0117 946 8500 E:
bristol@christie.com
Birmingham Office T: 0121 456 1222 E:
birmingham@christie.com Hotels Public Houses Restaurants
What do we do? With over 75 years’ experience, we provide a range of transactional and professional services to the hospitality, retail, care and medical markets.
Who do we do it for? We cover the entire market from the smallest independent business to the largest multi-national company.
14 UK OFFICES | 13 INTERNATIONAL OFFICES THE BUSINESS MAGAZINE – THAMES VALLEY – OCTOBER 2012
www.christie.com www.businessmag.co.uk Leisure Care
Our people are the best in the business; professional, accurate and each a specialist in their field. Dedicated to getting the job done.
Retail
ed.bellfield@
christie.com david.mathieson@
christie.com www.christie.com
was initially built on brokering transactions and we pride ourselves on our ability to manage marketing campaigns and facilitate deals. In 2011, our specialists were responsible for inspecting almost 15,000 businesses for sale or valuation purposes and our RICS registered valuers and advisers are just as active as our agents with valuation and advisory projects accounting for approximately 40% of business activity.
Details: 01962-844455
winchester@christie.com
David Mathieson MRICS, director & valuation services manager, Christie + Co
Ed Bellfield MRICS, director & location manager, Christie + Co
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