TW Keil’s Post

Great to get another deal agreed in Guildford. Thanks to Benjie Haston who acted on behalf of Hobbs. Lease renewals are often quite tortuous these days but we got there quite quickly in the end on this one. We continue to have a number of on-going instructions in Guildford. If you want to have a chat to run through our thoughts on the occupational or investment markets feel free to contact one of us. Jonathan Kelley Dan Walker Ben Tyack #Retail #AssetManagement #RetailLeaseConsultancy #LeaseConsultancy #Guildford

THE HIGH STREET IN 2024 I managed to get out of London this weekend to Newbury where my wife is from. I didn’t manage to take a photo in the daytime but it’s a lovely place to visit (not just saying that in case my wife reads this). However, the main hub of the town is home to several vacant units. It is not the most empty high street that I have seen but I thought it would have had more units occupied as it is seen as an affluent part of Berkshire. John Lewis and Debenhams (the main anchor tenants for the town centre) left in the not-too-distant past which certainly cut down on footfall and shows it’s not just a ‘big city problem’. The Government draft proposals of high street auctions have yet to be set in stone and I was skeptical about the plans when first reading them. However, to turn the high street around, is trying something better than doing nothing? More and more people shop online today and need to have an ‘experience’ to coax them back to the high street. How do retail and hospitality do that? Could it be a case of falling dominos - get something new and fresh in (something truly unique) and the rest of the units will follow? To go more niche, could it be: ‘If you book them, they will come’ (kudos to anyone who gets the reference). What that fresh something is …. I don’t know, maybe you do? That being said, at Greenwoods Legal LLP we are still seeing demand for high footfall locations and centres and it may be the case that some high streets will require more than one concept to tackle this issue. #highstreet #property #landlordandtenant

JUST LISTED! NorthPeak Commercial Real Estate is pleased to present for sale 4251 E 104th Avenue, a single tenant, net leased retail building in Thornton, Colorado. The building was originally constructed as a Starbucks anchored strip center with four units and a drive-thru, but today is 100% occupied by a gym on an expiring lease. The expiring lease affords a new owner several options, including executing a new 10-year agreement or demising the property back into its original configuration and capturing higher rents. VIEW PROPERTY: https://lnkd.in/g4HuAnCa PROPERTY HIGHLIGHTS 🏠 Address: 4251 E 104th Ave., Thornton, CO 80233 💰 List Price: $1,850,000 📐 Property Size: 6,600 SF 🏢 Total Units: 4 🏠 Property Type: Retail #realestate #denverrealestate #denver #retail #northpeak #northpeakcre #property #listing #thornton

The countdown is on … HAVE IT ALL Introducing Smithfield House …. a new chapter for Birmingham, a game-changer for Eastside. Smithfield House is a brand new luxury Build-to-Rent development in the heart of Birmingham’s Smithfield regeneration project! Low deposit, high yield: Secure your investment with just a 5% deposit (GBP 12,249) and earn up to 7.5% or GBP 17,000 per year! Prime location: 9 mins to HS2, 13 mins to Paradise Centre, 16 mins to HSBC HQ - perfect for busy professionals! High demand: Birmingham’s thriving job market with companies like HSBC & Deutsche Bank guarantees a steady stream of tenants. Limited availability: Only 30 units are available in the first phase, with prices increasing later! Savills predicts a 20% property value growth in the next 4 years! CITY X COUNTRY … DISCOVER THE SMITHFIELD LIFESTYLE  https://lnkd.in/e2Ri6tMh INVEST IN PROSPERITY T : +44 (0) 121 237 4610  E : [email protected] W : https://lnkd.in/dBU6DFgP #buildtorent #propertyinvestment #luxurylifestyle #worklifebalance #rentinbirmingham #investinprogress

This is the Smithfield lifestyle … HAVE IT ALL Introducing Smithfield House …. a new chapter for Birmingham, a game-changer for Eastside. Smithfield House is a brand new luxury Build-to-Rent development in the heart of Birmingham’s Smithfield regeneration project! Low deposit, high yield: Secure your investment with just a 5% deposit (GBP 12,249) and earn up to 7.5% or GBP 17,000 per year! Prime location: 9 mins to HS2, 13 mins to Paradise Centre, 16 mins to HSBC HQ - perfect for busy professionals! High demand: Birmingham’s thriving job market with companies like HSBC & Deutsche Bank guarantees a steady stream of tenants. Limited availability: Only 30 units are available in the first phase, with prices increasing later! Savills predicts a 20% property value growth in the next 4 years! CITY X COUNTRY … DISCOVER THE SMITHFIELD LIFESTYLE 

Huge development site West Perth for sale - Knight Frank Australia Tony Delich and Cory Dell'Olio of Knight Frank have been appointed to market a 8,722 sqm development site Perth’s inner city, at 533-545 Newcastle Street West Perth for sale. The 8,722sqm property at 533-545 Newcastle Street in West Perth, which also has 147 metres of frontage to Cleaver Street, consists of 10 lots currently occupied by a mix of tenancies including warehouses, offices and yard space with a total net lettable area of 6,095sq m. Mr Tony Delich said the site would generate strong buyer enquiry, being in a prime location for a mixed-use development. The property has current holding income with the tenants currently in occupation generating approximately $300,000 per year, but it has huge future development potential,” he said. Mr Cory Dell'Olio said the locality lends itself to a mixture of development typologies from existing light industrial to retail, residential and other mixed uses which will create a rich and diverse tapestry of development.  “Development up to seven storeys is preferred but approval could potentially be given to a maximum of 14 storeys, This site will be a natural flow on from the nearby Sydney Charles Quarter Development. He added. Read more on The Industrialist - https://lnkd.in/gBzyTU97 Tony Delich Cory Dell'Olio Knight Frank Jonathan Wong Zach Schreier Callum Bennett Jeremy Robotham Vanessa De Groot Taylor Wardle Sarah Clark Melanie Rusk-Dunn James Templeton Jeremy Robotham Bobbette Scott #knightfrank #perth #developmentsite #perthre #perthmarket #developmentopportunity #forsale #opportunity #industrial

Thanks to Sharon Dale and the Yorkshire Post for including our comments in this latest article on house prices and the Yorkshire property market alongside Savills and Nationwide Building Society. You can read the article in the comments section below or visit our website for the full report. #BuyingAgent #Yorkshire #PropertyPrices #PropertyMarket 

Read the SHW Property in-depth report on various sectors of the South East Commercial Property Market, including a positive outlook for out-of-town retail and how Brighton has been an exception to the slow take up in the office market: https://buff.ly/3YLlLs9 #commercialproperty

Holiday Edition: LA Real Estate Weekly Roundup: 🖊 Federal Realty Investment Trust, a retail-focused REIT, has sold an 8 building portfolio in Santa Monica’s Third Street Promenade to XYZ Rent, a locally based property manager and developer. Sale price was $103 million, or about $557/SF for the 185k SF portfolio. One of the first open air mall concepts, the appeal has waned with many storefronts vacant and unwelcome elements appearing. The Santa Monica community needs to unify to come up with solutions to address the issues. 💸 East End Capital has bagged $130 million in construction financing to build ~250k SF studio in the Arts District of DTLA at 2233-2241 Jesse St. Centennial Bank and Monroe Capital, Inc. provided the financing which was sourced by Greg Grant at CBRE. The project called "East End Studios – Mission Campus" is planned for 5 acres and will contain 5 soundstages spanning 100k SF as well as 150k SF of post-production workspaces, offices, talent suites and commissary space. While another writer's strike looms at the end of July, the most active players continue to act with long term conviction around the industry. ✏ LA City Officials recommend finishing the LA Convention Center expansion Before 2028 Olympics. Unclear if it can be done at a feasible cost and schedule. The project in projected to cost $1.4 billion. 🖋 Sam Nazarian’s sbe Lifestyle Hospitality has leased 13k SF at the Reuben Brothers’ Century Plaza development in Century City to open a medical and wellness facility. It consists of ~15% of the ground-floor retail space available at Century Plaza, which also houses the 726-key Fairmont Hotels & Resorts and attached condo tower. SBE partnered with Fountain Life, a company focused on finding ways to extend lifespans, through medical diagnoses and prevention efforts. Fountain Life will operate the facility. David and Simon Reuben, acquired the project through a $1 billion foreclosure last year, about half of what it cost to build the project. There are 3 hot restaurant concepts set to open later this year. 🖊 Law firm Hanson Bridgett LLP signed 15k SF Rising Realty Partners' CalEdison DTLA historic building at 601 W 5th St. #cre #officeleasing #financing #capitalmarkets #news #leasing #wellness #retail

🌴 Halston Waterleigh: Where Luxury Meets Opportunity 🌴 We’re thrilled to share some early wins from our latest acquisition, Halston Waterleigh. In just two months, our teams have delivered remarkable results... Here’s what we’ve accomplished so far: 🏠 25 New Leases Signed—with an average rent increase of $45/month above our projections 📈 Asking rents are already up to $164/month above our initial rates upon acquisition 🔝 Occupancy Increased to 95.5%—while raising rents! Halston Waterleigh is uniquely positioned in Horizon West, one of the top three fastest-growing master-planned communities in the nation. This property offers a blend of value-add, equity growth, and monthly cash flow distributions.  💡 What Makes Halston Waterleigh So Rare? Purchased below replacement cost  Rent premiums without unit renovations  Capitalizing on Florida’s robust population growth  A chance to own a Class A trophy asset with value-add upside  ⏳ Limited Spots Remain! Explore the opportunity before it’s gone. ➡  https://lnkd.in/gtkiXe2i #HalstonWaterleigh #FloridaRealEstate #Multifamily #InvestmentOpportunity #PassiveIncome