NEW CATEGORY: Global property brand
2014 SHORTLIST
Axa Real Estate
CBRE
CBRE Global Investors
Cushman & Wakefield
JLL
Lend Lease
TIAA Henderson Real Estate
There is no denying that real estate is now a truly global business, especially if you want to succeed. Capital from all over the world is flowing into the UK and advisers, developers and investors are having to show expertise and ability across numerous continents. To recognise this, EG has introduced a new global award and some of the world’s biggest property companies have been shortlisted.
Agents CBRE, JLL and Cushman & Wakefield make the shortlist, with CBRE posting revenues of £7.2bn in 2013 and double-digit growth in the Americas, EMEA and Asia Pacific, JLL winning the largest ever global facilities management contract to be awarded to a single provider by a financial institution – a mandate from HSBC to cover its 58m sq ft portfolio – and C&W’s New York office completing 15 of the top 50 office deals in Manhattan.
In the world of fund management, Axa Real Estate makes the list after being one of the first to move back into the Spanish market with a €172m (£137m) acquisition of a Barcelona office portfolio. CBRE Global Investors earns its spot by securing a €500m mandate from German insurer Bayerische Versorgungskammer, while the tie up of TIAA-Cref and Henderson Real Estate to create a business managing C$22.6bn (£12.6bn) of property assets gives it a place on shortlist.
Lend Lease, the Australian developer behind The International Quarter, E20, shows off its global credentials with an impressive list of worldwide projects, including the 18.5-acre Barangaroo South, which will become the greenest, most advanced financial district in Sydney.
What the sponsor says:
The success of property markets around the globe requires the continued support of specialist expertise in the front rank. Offering best-in-class capabilities, these finalists comprise some of the most well-regarded names in international real estate. Omni Capital is proud to be associated with brands of such standing.
Colin Sanders, chief executive, Omni Capital
Adviser of the year, industrial and distribution
2014 SHORTLIST
Burbage Realty
Colliers International
Cushman & Wakefield
GVA
JLL
Lambert Smith Hampton
JLL – 2013 WINNER – ADVISER OF THE YEAR, INDUSTRIAL AND DISTRIBUTION
JLL is back to defend its title, boasting involvement in the biggest deals in every region bar Wales, including Sainsbury’s taking 1m sq ft at Prologis’ Daventry International Rail Freight Terminal.
The agent is up against Burbage Realty, whose strategy to target the fastest-growing retailers, most active 3PL providers, lenders, landowners and big shed building contractors has paid off, giving the firm a leading market share over the entry period, and earning £4m in fees from just four earners.
Colliers International is also in the mix, having handled 11m sq ft of the 77m sq ft transacted in the UK industrial market over the entry period and being appointed on nearly every major speculative industrial project in the UK this past year.
Cushman & Wakefield, sole letting agent on the Slough Trading Estate – Europe’s largest industrial estate under single ownership – is also in contention, with a deal completed there every six working days over the year.
GVA is bidding for a win too with a new team approach to clients that leverages its full knowledge base. Key instructions have been nationwide, including the sale of a 177,000 sq ft facility in Wentloog, Wales, to a joint venture between the Welsh government and Pinewood Studios, generating £90m for the country’s economy.
Lambert Smith Hampton wraps up the shortlist, with transactions on 20m sq ft to its name over the year, including advising Hermes UK on the expansion of its national portfolio by 750,000 sq ft, with a rent roll of more
than £4m.
Sponsored by Sky
Deal of the year – industry impact
2014 SHORTLIST
Brookfield Office Properties/Oxford Properties – letting to Schroders
Countryside and Liberty Property Trust – AstraZeneca deal
CBRE – Hyperion portfolio
Cushman & Wakefield – Earls Court
DTZ – Hyperion portfolio
Legal & General Property – Hyperion portfolio
ARGENT/KING’S CROSS CENTRAL PARTNERSHIP – 2013 WINNER – DEAL OF THE YEAR, INDUSTRY IMPACT
In 2017 Schroders will call 1 London Wall Place, EC2, home. The 310,000 sq ft site being developed by a Brookfield Office Properties/Oxford Properties joint venture is in the running for this award. The lease agreement with the global asset management firm marked the largest prelet deal in the City for more than three years and restored confidence in the Square Mile.
Also shortlisted is the Countryside/Liberty Property Trust joint venture, developer of the Cambridge Biomedical Campus, which in January agreed a conditional disposal of 13.5 acres to AstraZeneca for its £330m global research centre and corporate headquarters – the UK’s largest single private sector forward sale outside central London.
The Hyperion portfolio sale has produced three finalists. Firstly, CBRE, which advised Telereal Trillium when it brought the 55-asset UK portfolio to market in September 2013. It was one of the largest portfolios to come to market last year and, 200 expressions of interest later, was sold to Legal & General for £550m – a net initial yield of 5%. The deal was the catalyst for several other large portfolios and prime assets to finally come to market.
DTZ, also in the running and representing the buyer, assembled a hand-picked team to advise on the complex portfolio comprising 1.3m sq ft and a net annual rent of more than £28m. DTZ was then appointed to sell several assets, including the headquarters of Coutts bank at 440 Strand, WC2, the first time the building had been brought to market in isolation since 1904.
Legal & General is also making a bid for the gong with Hyperion, having taken a chance on a portfolio considered too big for any one UK fund to undertake.
Rounding off the list is Cushman & Wakefield for bringing together Transport for London and Capital & Counties to redevelop Earls Court 1 and 2. TfL’s first foray into private sector partnership, this was a watershed moment for the transport provider and property industry.
Get involved with the celebrations
The 10th Annual EG Awards is a sell-out event – proof if there ever was of a market that is energetic and a night that just can’t be missed.
The Ballroom at London Hilton on Park Lane, W1, will be filled with a who’s who of property and a heady atmosphere of suspense and expectation as we celebrate the firms and individuals who are bold, innovative and excellent, as deemed by our industry panel of judges.
Winners will receive a unique trophy designed by Simon Alford and produced by 3D printer Hobs Studio.
Follow @estatesgazette and #EGAwards2014 on Twitter for updates on the night’s proceedings, and read EG next week for more coverage.
Also, why not consider entering you or your firm’s accomplishments for the 2015 entry period?
Register at www.egawardsevent.co.uk to be notified of the entry opening date, categories and criteria.
Meanwhile, send us your feedback on this year’s event. Tell us what you think about our categories and the awards night itself by e-mailing rebecca.kent@estatesgazette.com.
Finally, for those of you with a coveted awards night ticket, have a fantastic evening. We’re looking forward to seeing you.
