Industrial & Logistics

Industrial & Logistics capability Our

As one of the leading multi-disciplinary Commercial Real Estate teams in the country, our Industrial & Logistics (I&L) capability is underpinned by the fact that we:

• Manage over 8,300 units

• Are responsible for and agents on over 84m sq ft of I&L space nationwide

• Administer a rent roll of over £430m per annum

• Are currently advising on over 3,500 acres of strategic land

- With the potential (subject to planning) to deliver up to 30m sq ft of new I&L space

Our expertise lies in advising clients on leasing, selling and acquiring multi let, mid box and big shed assets across the country, as well as providing the professional services briefly outlined in the following pages.

Perhaps one of the most pressing challenges our clients face is dealing with their carbon emissions as they find ways to achieve Net Zero, as well as developing strategies for futureproofing their investments. Our team of Natural Capital and Sustainable Energy specialists play an important part in helping them make informed decisions and implement strategies to achieve their goals.

To understand more about how we can help you or for direction to one of our key service lines, please do not hesitate to get in touch.

Rob Champion Head of Industrial & Logistics

0121 426 0891

rob.champion@fishergerman.co.uk

A multidisciplinary offer - delivered nationwide

Case Study - Pyroguard

Client Pyroguard UK, a leading manufacturer of fire safety glass.

Brief

Identify and acquire a modern industrial unit - located close to the company’s two existing facilities (to facilitate future consolidation).

Result

Identified and negotiated favourable terms on a speculatively built

62,500 sq ft industrial unit – against a backdrop of rising rents and diminished supply.

Haydock 60, Haydock Industrial Estate

Team - Agency

Operating nationally, but underpinned by the knowledge of our regional specialists, we have earned a reputation for providing clients with a tailored and proactive service which focuses on their specific goals. Every member of our team knows that the quality of our service is determined by an:

• Unremitting focus on clients’ goals and requirements - we listen

• Unequalled knowledge of local market dynamics and national trends – we know

• Unshakeable application to ensure they meet their goals – we deliver.

That is why owners and occupiers know that we have the expertise to advise and deliver on any unit, size and format - from multi-let to 'big box'whether dealing with leasing, disposing or acquiring properties.

Lauren Allcoat, Richard Tomlinson, David Newman, Agency

Case Study - The Very Group

Client

The Very Group, a multi-brand online retailer and financial services provider.

Brief

Advise on a new 555K sq ft distribution warehouse – before construction was completed and the unit was occupied.

Results

By agreeing a Rateable Value assessment of over £3.2m with the Valuation Office, we reduced the client’s liability and enabled them to obtain further rate relief to reflect their phased occupation.

Skygate, Unit 3, East Midlands Gateway, Derby

Team - Business Rates Consultancy

The industry wide increases in Rateable Values, the subsequent rise in your Rates liabilities and the intended introduction of a ‘ Duty to Notify (a statutory requirement which will result in financial penalties for non-compliance) will, collectively, escalate the financial and operational pressures on every company’s (already stretched) Business Rates compliance procedures.

Contact us if you are an owner or occupier of an industrial, storage or distribution unit (or portfolio), seeking clarity about the new legislation and/or advice on any Business Rates related issues.

Richard Beaumont, Lease Advisory; Barry Newbury-Neale, Business Rates

Case Study - Aramex

Client

Aramex is a global logistics, courier and package delivery company.

Brief

Undertake a Pre-Acquisition survey, monitoring of landlord’s improvement works and Project Management of the tenant’s fitout.

Result

Despite a challenging timeframe (to ensure business continuity was optimised), we successfully negotiated the landlord’s improvement works (circa £750k)

Cargo 777, Poyle

Team - Building Consultancy

Clients trust us because we are proactive, professional and always meet their brief (be it due diligence, project management, or dilapidations).

We know that the quality and speed of service are key; that minimising operational disruption is critical and that cost management is paramount.

This is why, irrespective of whether we are Project Managing the construction of new units, a bespoke fitout of an existing facility, or adapting/ upgrading an industrial unit, we focus on delivering a tailored solution which meets our clients’ strategic, financial, operational and/or corporate goals.

Steve Brittle, Agency: John Owen; Building Consultancy

Case Study - Chancerygate

Client

Chancerygate, the UK’s largest multiunit industrial property developer and asset manager.

Brief

Assess the current energy performance of 17 units across two client portfolios. Arrange Energy Performance Certificates (EPCs) where relevant to futureproof the assets – to meet current and future Minimum Energy Efficiency Standards (MEES). Help our client meet its sustainability objectives.

Results

We evaluated the current energy performance and carbon footprint of both portfolios and prioritised the assets for future investment - to ensure regulatory compliance and minimise the risk of stranding. Strategic recommendations were also made to ensure that they transitioned to (a minimum) EPC Level B.

Roof-mounted solar photovoltaics (PV) and Electric Vehicle (EV) charging points were also considered where applicable.

Team - Delivering Net Zero

If your goal is to improve the energy performance and sustainability of your assets, we can help.

We can review your portfolio and provide you with a schedule of high, medium and low priority changes required to ensure that you not only achieve regulatory compliance, but you also have a clear pathway to optimal

building performance. This will enable you to plan and therefore spread the cost of upgrade investments over a number of years.

Helping owners optimise ROI; compete successfully for the best tenants; be fully compliant and reduce their energy costs and carbon footprint is what we do best.

Darren Edwards, Delivering Net Zero

Case Study - Land at Stafford

Client A private landowner

Brief

Advise on the negotiation and agreement of the strategic land Promotion and Development Agreement with a national developer (Stoford) for the promotion and delivery of 130 acres to the north of Stafford.

Results

Following identification of Pets at Home, a FTSE 250 retailer requiring a new 670,000 sq ft national distribution centre, a planning application was submitted and subsequently consented. We negotiated and agreed the land drawdown on behalf of our client.

The development of the facility has been delivered with funding from Tesco Pension Fund and includes the construction of a major new roundabout on the A34 dual carriageway providing further access to future development.

Pets at Home National Distribution Facility, Stafford North Business Park

Team - Development

Our extensive knowledge of the occupational and capital markets enables us to provide informed advice on industrial & logistics development opportunities.

Clients, who include landowners, funds, property companies and developers, draw on our team of multi-disciplined specialists for:

• Negotiating strategic promotion and development agreements

• Site appraisals, viability assessments and residual valuations

• Pre-development advice on uses, mix and layouts (to meet market demands)

• S ale of land with and without planning permission

• Negotiation of option drawdown prices

• L and assembly and landowner collaboration agreements

• Detailed market reports such as Employment Land Reviews in support of planning applications or detailed master planning

• Monitoring of land promotion and option agreements.

We understand the importance of building sustainable, energy efficient and low carbon buildings, as well as enhancing a site’s natural capital credentials.

Laura Sutton, Industrial SE; Rob Champion, Agency & Development

Case Study - The Charities Property Fund

Client

The Charities Property Fund, the UK’s first Common Investment Fund (CIF) - enables UK charities to invest in UK commercial property.

Brief

Provide the Investment Management Team and their advisors with strategic advice on the acquisition of Cross Green Approach located within one of the prime warehouse and distribution areas in Leeds.

Results

Following a detailed audit and assessment of the property – review of the local occupational market, value evidence, investment considerations and anticipated yield, we recommended the acquisition of the property at a market value of £8.4m.

Cross Green Approach, Leeds

Team - Investment

We provide purchase and disposal advice for created investments, as well as development funding for speculative and pre-let (logistics and multi-let industrial) schemes.

Our core skills include:

• I nvestment sales: we develop tailored sales strategies, based on our deep knowledge across the spectrum of purchaser t ypes - from local and private, to international groups

• Investment Acquisitions: our extensive market knowledge enables us to identify on and off market opportunities, tailored to clients buying strategies

• Development Funding: we have a thorough understanding of the development process, developers imperatives and how to structure funding agreements

• E xplore asset management and reposition opportunities: linking with complementary teams to unlock value for our clients.

Our Investment team's capability is underpinned by our knowledge of the market, participants, occupier trends, building specification, financial modelling, the property life cycle and the property development process.

James Routledge, Investment

Case Study - Cadent Gas

Client

Cadent Gas, the UK’s largest gas distribution network bringing gas to 11 million homes and businesses.

Brief

Advise on a rent review associated with an operational industrial property located within a compound of 2.24acres, following the service of a notice by the landlord on our client to increase their rent.

Results

Following an inspection of the property and having provided clear recommendations to our client, we negotiated and agreed a new rent significantly below the level requested under the landlord’s notice, saving our client a considerable cumulative sum between the review date and the end of the lease.

Holditch Road, Chesterton, Newcastle-under-Lyme

Team - Lease Advisory

Our experience lies in helping owners and occupiers navigate the commercial and legal complexities inherent in leases, as well as maintaining good Landlord & Tenant relationships when notices are triggered. Notices include:

• Rent reviews

• Lease renewals (inside or outside ‘ The Act’)

• Lease restructures – such as regearing, surrenders, regrants and removal/inclusion of break options

• Due diligence on the acquisition/ disposal of leasehold interests

• Dispute Resolution

• E xpert Witness.

Our team offers clients a seamless combination of knowledge of relevant case law, compelling negotiation skills and a deep understanding of sector, as well as local market price trends.

Rupert Collis, Lease Advisory

Case Study - National I&L Developer

Client

A National Industrial & Logistics Developer

Brief

Prepare a strategy report setting out advice on ways to compensate for CO2 and other Greenhouse Gas (GHG) emissions through the implementation of viable and sustainable initiatives. In addition provide guidance and solutions associated with achieving Biodiversity Net Gain (BNG) on developments

Results

Our Natural Capital team delivered a detailed report outlining options, concepts and strategic advice enabling the client to make informed decisions on how to achieve their Carbon Neutral goals. Recommendations included Woodland Carbon Units, BNG, Soil Carbon and Nutrient Neutrality.

Team - Natural Capital

If you have environmental goals or ambitions and require an expert’s counsel to help you navigate this emerging landscape - whilst meeting investors’, occupiers’ and employees’ expectations – talk to us.

Our team of carbon, Biodiversity Net Gain and Nutrient Neutrality specialists can help you navigate this emerging landscape by providing you with the

knowledge to make informed decisions - about setting your current and future environmental goals. We have the skills, the experience and the expertise to develop appropriate and tailored strategies as well as, if required, help turn them into a reality.

Tom Beeley, Natural Capital

Case Study - Private estate landowner

Client

A private estate landowner

Brief

Prepare a strategy report setting out advice on the development potential of an agricultural site and develop a development planning strategy for it.

Results

We concluded that the site had favourable development potential for employment use and prepared a planning strategy. The implementation of the plan includes:

• Promotion of the site through a Call for Sites submission

• Representations at each stage of the plan-making process

• A ppearance at the Local Plan E xamination.

We have secured the allocation of the site for employment use within the Local Plan and subsequently prepared a planning application for the site for B8 uses following positive liaison with the planning and highway authorities.

Team - Planning

Successful planning creates value and is a catalyst for revenue creation and value enhancement.

It also creates opportunities for occupiers and local community employment, as well as contributing to delivering sustainable regional and national economic growth.

Our team has the skills and the expertise to advise investors and owners on all new and existing

developments, be they multi-let, mid box or big ‘sheds’.

Working across the nation, our expertise includes:

• Advising clients on planning and development opportunities

• Developing detailed strategies for individual sites and complex estate reviews

• S trategic land promotion

• Preparing pre-application inquiries

• Preparing planning applications

• Advising on planning appeals

• A ppearing as an Expert Witness

As part of the land promotion we:

• Prepare detailed representations through the development plan process

• C o-ordinate supporting background documents

• Represent clients at local plan examinations

Our experience also includes the preparation and co-ordination of smallto-large scale developments, preparing Environmental Impact Assessments (EIA) and liaising with key stakeholders and the local community in the preparation of development proposals

Rob Champion, Agency & Development; Angela Brooks, Planning; Harry Keam, Valuation

Case Study - Mileway

Client

Mileway, the largest owner of ‘last mile’ logistics real estate in Europe – with over 1,600 assets in 10 major European countries.

Brief

Provide comprehensive Property Management and professional services (which includes accounting, demanding and recovering rent, debt management, service charge and insurance management, as well as financial reporting) for a portfolio of 525 properties and over 4,600 units.

Results

Property Management: in addition to providing a comprehensive asset management service, we also implement tailored void unit action plans and manage suppliers. We also deliver an extensive asset risk, cost and condition reporting service

Accounts Management: our Real Estate Management Accounting team produce monthly financial reports, as well as prepare VAT returns and Management Accounts

Data assurance: working closely with the Client Team, we verify all data before it is shared with the Property Management team and we review and maintain the database on an ongoing basis to ensure its currency

Treasury services: we reconcile all cash movements, produce monthly treasury reports and bank reconciliations, manage 134 bank accounts, process over

46,000 receipts annually and pay around 1,800 invoices every year.

Financial management: includes providing Accounts Payable, Cashiering, Treasury, Debt Management and Credit Control services, to dovetail to comply with MiIeway’s systems.

Location details

Units 2 & 3, Houndhill Park, Dearne Valley, Rotherham

Team - Property Management

Our national capability is underpinned by a service delivered by regional teams who are not only close to our clients but, critically, their assets and the tenants.

The six cornerstones of our expertise includes:

Meticulous financial and management accounting and reporting: high level financial and accounting reporting; collection of rents and service charges; bad debt management and processing funds to clients’ accounts

Active tenant management: ensuring the tenant experience is peerless, as is providing clients with vital tenant data (eg financial, operational and/or trading intel which may impact the tenancy)

Service charge management: including delivery to maintain and enhance clients assets

Efficient management of every property: ensuring you optimise your ROI, whilst minimising your risks and liabilities

Full compliance: with current and impending legislative and regulatory frameworks

Successful contractor management: from identifying and procuring contractor services, to ensuring we sustain effective and efficient relationships with contractors who deliver.

Lauren Allcoat, Agency; James Rigby, Property Management

Case Study - Private Prop Co

Brief

Prepare a Red Book Valuation of a multi-let industrial estate for financial reporting purposes.

Results

Report prepared on behalf of the client detailing the market value of the estate which comprised seven units with a total floor area of 70,500 sq ft and a total rental income of £318,000 per annum.

The Reservation, East Road, Sleaford, Nottinghamshire

Team - Valuation

Whether you require asset valuations for financial reporting purposes, or a broader Corporate Consulting Valuation service, we have the experience, expertise and knowledge of sector trends and local market intelligence to help you make informed decisions.

Because we understand the challenges of obtaining reliable and robust valuations for financial reporting purposes, we created a team of experienced RICS Registered Valuers, who have the relevant expertise to deliver – irrespective of the deal size, property profile or geography.

Tom Norfolk, Valuation

Our team

Agency - Lauren Allcoat

Lauren.Allcoat@fishergerman.co.uk

01905 728449

Agency - Laura Sutton

Laura.Sutton@fishergerman.co.uk

01905 728449

Development - Rob Champion

Rob.Champion@fishergerman.co.uk 01905 728434

Natural Capital - Tom Beeley

Tom.Beeley@fishergerman.co.uk

01858 411227

Agency - Steve Brittle

Steve.Brittle@fishergerman.co.uk 0161 214 4665

Building Consultancy - Paul Brown

Paul.Brown@fishergerman.co.uk 01530 567461

Investment - James Routledge James.Routledge@fishergerman.co.uk 020 7747 3189

Planning - Angela Brooks

Angela.Brooks@fishergerman.co.uk 01530 566576

Agency - David Newman

David.Newman@fishergerman.co.uk 0161 214 4664

Building Consultancy - John Owen

John.Owen@fishergerman.co.uk 020 7747 8831

Investment - Miles Youdan Miles.Youdan@fishergerman.co.uk 01302 243909

Property Management - Guy Hemus

Guy.Hemus@fishergerman.co.uk 01530 410890

Agency - Richard Tomlinson

Richard.Tomlinson@fishergerman.co.uk 01905 728432

Business Rates - Barry Newbury-Neale

Barry.Newbury-Neale@fishergerman.co.uk 0207 747 3160

Lease Advisory - Richard Beaumont

Richard.Beaumont@fishergerman.co.uk 020 7747 3183

Property Management - James Rigby

James.Rigby@fishergerman.co.uk 0121 426 0882

Agency - Mike Price

Mike.Price@fishergerman.co.uk 0121 561 7882

Delivering Net Zero - Darren Edwards

Darren.Edwards@fishergerman.co.uk 01858 411236

Lease Advisory - Rupert Collis

Rupert.Collis@fishergerman.co.uk 01565 745324

Valuation - Tom Norfolk

Tom.Norfolk@fishergerman.co.uk 020 7747 3119

The company we keep

We are a national firm supporting clients across the nation

Over 800 professionals

Being a partnership, clients are our focus not shareholders

Turnover: £60+m

We advise developers, landowners, multi-national corporations, occupiers, private and corporate investors, property companies and public sector organisations.