Industrial Agency, Investment & Development

Levy has one of the most active and highly regarded industrial, development and investment agency teams in London. It is led by Simon Higgins and Jeremy Grundy and specialises in all aspects of the sector as well as the strategic use of industrial land for new purposes.

We work with a huge variety of business space accommodation across London, but our focus has always been to look at the angles in every situation and to enhance and reposition the asset, working with our clients to maximise the value of their property holdings. This hands-on approach has attracted a strong loyal following from property companies, funds and developers who are increasingly demanding proactive consultants who really understand industrial property, the tenants requirements and care about the final result.

We work closely with the all Levy’s sector teams and offer our clients a comprehensive professional service from agency and development advice to landlord & tenant consultancy.

Download our Q3 Industrial Market Update here

Core services:

Agency

  • Acquisition and disposal of warehousing distribution and industrial property
  • Strategic industrial and mixed use land acquisition.
  • Search & identification of property for owner occupation
  • Existing use valuation of property assets with a view to disposal.
  • Co-ordinated marketing campaigns

Investment

  • Investment sales and acquisitions
  • Identifying on and off-market opportunities
  • Sale and leaseback advice
  • Active asset management advice
  • Portfolio analysis

Development

  • Acquisition and disposal of development sites
  • Identifying on and off market opportunities
  • Speculative development and funding consultancy

 

Case Studies

GeoPost UK, Warth Park, Northants

Advised by Levy’s Industrial Team, Riverside Capital sold a logistics investment in Northamptonshire in an off market deal for £8.20m, reflecting a net initial yield of 4.85%.

The freehold industrial unit in Warth Park, Raunds totals 42,528 sq ft and is let to DPD UK Ltd until 2028. The property was acquired for Riverside by Levy in September 2013 by way of a forward  commitment at 7.29% net initial yield.  The sale has allowed Riverside Capital to achieve substantial returns for investors with an IRR of 17.34%, and an equity multiple of 1.7 on an extremely low risk investment within 3.5 years.

 

Canning Town Business Park

The industrial team advised Goya Developments, funded by WCT Ltd, to acquire a four-acre site for the construction of 115,000 sq ft of speculative industrial warehousing scheme within the established Cody Road industrial estate in East London.

From identifying the land and agreeing an off market acquisition deal in 2011 to letting the final product, the team has been fully engaged in all aspects of the process including development advice, marketing and disposal of the completed units.

During the construction process we acted on behalf of Aviva Investors and agreed  a forward commit to a purchase the completed scheme at practical completion in March 2014.

  • Levy advised on land acquisition/development/letting and investment acquisition
  • The scheme was one of the first industrial speculative development schemes to be constructed in this cycle and has a GDV of c£20m
  • 34% pre-let at practical completion
  • Now fully let at record rents

For further information, please contact Jeremy Grundy

 

 

Unit 1 & 2 Wave Trade Park, Acton

Levy has advised specialist broadcast equipment provider, Procam TV on re-organising its property holdings and have agreed the surrender of two leases in Battersea and acquired four units in west London with a combined floor area of more than 40,000 sq ft.

Units 1 & 2 Wave Trade Park were speculatively developed units located behind the New Lookers Land Rover Jaguar dealership on the A40. The location is ideal for PTV’s television camera hire business which covers Central London. PTV has further facilities in Manchester, Edinburgh, Glasgow and New York.

 

 

£44.3m London Industrial Portfolio Purchase

Levy Real Estate’s Industrial team advised Capital Industrial One on the £44.3m purchase of 10 industrial estates across London.

The London Collection was purchased from Workspace plc and comprised 281,500 sq ft of space and 135 tenancies across estates in Ilford; Barking; Feltham; Ashford; Stonebridge; Harrow; Lewisham; South Bermondsey; Loughborough Junction; and Battersea.

Capital Industrial One had been looking to acquire industrial assets in the London area to hold and manage long-term, with a focus on income.

The acquisition involved the comprehensive analysis of each estate which drew on the our team’s expert knowledge of the London industrial market.

Our existing knowledge of Workspace’s holdings plus an understanding of CIO’s requirements enabled us to identify the opportunity at an early stage and to make a detailed recommendation regarding acquisition. Analysis also identified opportunities for future asset enhancement and we are now working with the new owner to realise this potential

The acquisition of the portfolio brings the total invested by Capital Industrial since inception to c£70m, spread across 16 assets with almost 550,000 sq ft of industrial space and 200 tenancies.