2 • SPOTLIGHT • WINTER 2018
EDITORS NOTE
The limelight is currently shining on the alternative markets as they prove to be less alternative and more mainstream, with a significant upturn in investment activity in recent years, eclipsing both the retail and industrial markets.
Around the turn of the millennium, alternative investments accounted for less than 10% of all UK commercial property transactions, but since 2015 they have accounted for more than 25% in each year.
The profile of alternative investors has changed too, with overseas interest increasing to make up the largest investor group, accounting for 44% of all alternative investment in 2017 and this could well reach 50% in 2018. Quoted property companies have begun to invest and in 2017 they accounted for 16% of alternative investment, four times higher than in the early 2000s.
Several factors have attracted investors towards these sectors. Urbanisation, general demographic trends and an aging population will support the need
for PRS, mixed-use, healthcare and other specialist assets to fulfil evolving needs of the population, whilst rising inbound tourist numbers and increased domestic tourism will support demand for hotel rooms and self-catering accommodation.
There are various definitions of the term “alternatives”, but for us it includes all types of properties that are not exclusively covered by the traditional industrial, office and retail sectors. One of our greatest strengths at Colliers Bristol is the depth and breadth of our service lines, something that dates back to long before this recent upturn. We have long established specialist teams operating within a wide range of alternative markets, from Licensed and Leisure to Healthcare, Automotive and Roadside to the Private Rental Sector.
In this edition of Spotlight, Ed Jefferson focuses on the Hotels market, which currently accounts for over a third of all alternative investment, with two flagship South West deals that attracted national and international interest. Will Jolly provides a potted history of the largest concentration of car dealerships in Europe, the cathedral city of Exeter. John Rushby discusses why West is best for coastal marinas. Matt Hyslop considers Wales as a destination of international repute and the opportunity to build upon this success, while Ben Jones looks at the changing face of the Holiday Parks market.
We hope you enjoy reading about something a little bit different. BEN JONES | DIRECTOR | PARKS, SPORTS & MARINAS | +44 117 917 2032
Colliers International
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