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Commercial development

Thursday, June 28, 2018

Commercial development

Whilst buying, selling and letting houses tend to take the spotlight, there’s a side to our business which rarely shares the limelight with our residential properties. That’s about to change with the appointment of Sham Thapar, our new Head of Commercial Agency, Investments & Developments at The Frost Partnership. Sham holds a Bachelor’s Degree in Business, Estate Management & Town Planning and, with almost 23 years in the commercial property market, has in-depth experience of sourcing, structuring, advising and closing transactions in the UK totalling £500m for retained clients, Commercial Investment Funds and as a key advisor to several UK Family Offices of High Net Worth individuals

Current commercial property market conditions are ideal for the development and expansion of the current commercial services and instructions provided by Frost, a trusted brand of 112 years and with a current portfolio of approximately 1,000 properties for sale. The development will strengthen relationships with long standing existing clients and bring clients more value and professional advice with offices, retail, industrial and development opportunities alike.

Whilst Brexit undoubtedly poses a challenge for some businesses, it also represents an area of opportunity. Demand for UK commercial property from investors both in the UK and overseas is still robust and yields are steady in spite of volatility over the UK's exit from the EU. Within the Frost network area, Slough, for example, has seen massive investment in recent years based in part on expectations associated with Crossrail. Reading, Slough, Staines and Uxbridge all expect to see increases in prime headline rents with Heathrow joining the list at a time when the airport’s third runway application has been approved by ministers. The go-ahead is welcome news for the business community of West London and the Thames Valley as a whole. Three runways at Heathrow will meet projected demand until at least 2040 with 70,000 new jobs created and boosting the local economy.

Reflecting Slough’s prominence, Orchard Street Investment Management, has bought Slough Retail Park in Slough, Berkshire for approximately £63m having identified that “Slough has the fastest-growing population in the UK, an increasingly affluent South East catchment, connectivity to Crossrail from 2019, and major regeneration projects underway”.

The Frost Partnership often works with developers, providing expert advice on search, acquisition, planning and the potential for change of usage. Years of experience have earned us a reputation for having the expertise to avoid or solve complex planning issues. In some instances Frosts has had a direct involvement from the initial assessment of a particular site, its suitability for change of usage, planning, design and build, followed by disposal and management with the marketing of converted properties through to letting and managing those properties bought as “buy to let” for investment purposes. Sham’s expertise also extends to financial restructuring of client portfolios with a complete end to end service now provided under one roof at the Frost Partnership.

We also work with pension funds, developers and venture capitalists to source, evaluate and acquire property. Our goal is to help investors achieve maximum investment performance from all their investments. A property portfolio review provides a fresh look at your assets, finding the ideal way to drive their performance, by identifying ways to increase their profitability such as rent reviews, lease expiries, negotiate to remove break lease, arrange disposals or acquisitions of new investment opportunities.

Call Sham Thapar on 01494 680909 for professional advice on current market yields and opportunities to acquire commercial premises. He can advise you on investment property sourcing and appraisals, acquisition, sales and disposals, portfolio management, land/property development and conversion applications. To see our current range of commercial properties click here.

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