自6月脫歐公投後,倫敦未來作為世界巨型總部的地位備受考驗。僅僅幾個月之後,這些疑慮已一掃而空。科技巨擘蘋果公司是其中一間對英國市場充滿信心的企業,更宣布將英國總部遷至巴特西發電站。其他企業短期內亦會較法。

巴特西發電站是英國二級重點保護歷史建築物。發電站及附近一帶九榆樹區正在重建,整個工程成本約為165億鎊。蘋果公司簽下合約,承租當中50萬平方呎共6層樓面,並計劃在2021年,將分散在倫敦8個工作地點,約1400名員工遷入 。蘋果公司是首家遷至當區的企業,並佔用發電站四成的樓面面積。這顯示大型企業對此備受爭議的項目投下信心一票。

仲量聯行國際住宅物業服務部副董事 Mark Elliott 認為,不只是發電站會受惠於蘋果公司的決定,更多富裕人士會遷至該區,同時不同種類的商舖及酒吧會開業,應付居民的需求。他指,該區將出現「貴族化」,並形成一股新趨勢。

今次的租務交易,是倫敦西部20年來最大宗的成交,更是蘋果公司於美國以外其中一間最大的辦公室。英國財政大臣夏文達更視之為對英國經濟投下信心一票。他表示:「蘋果公司的決定,大大增強倫敦作為全球科技樞紐的地位,同時展示英國是面對下一波科技革命的重要地方。」

除了蘋果公司,Google亦簽下位於國王十字車站新總部樓租約 ,而Facebook 落實租用牛津街辦公大樓。Mark Elliott認為,蘋果公司及Facebook揀選這些地點,是由於附近一帶的基建大大改善。不少住宅買家已看準這一點,買下這些物業的回報將會上升。

九榆樹區是另一個很好的例子。此區將會有兩個地鐵站於2021年落成,而且新的美國大使館更只是幾百米之遙。鄰近Facebook位於托特納姆宮路新辦公室的橫貫鐵路,是戰後倫敦最大的基建,將改善市內交通,並大大縮減交通時間。

除了科技巨企,不少著名銀行都物色新地方作為辦公室。富國銀行集團於脫歐公投三星期後,斥資3億英鎊買下位於法靈頓及老街之間的中央33號。此地有方便快捷的交通前往西敏區及市中心。今次交易,是倫敦物業市場需求旺盛又一例證。

倫敦一直吸引著世界各地的大型銀行,但仍有人與質疑長遠而言,倫敦的地位難以預測。直至里斯本條約第50條啟動,以及英國脫歐塵埃落定之前,不同行業的大型企業仍會以倫敦為基地,當地的物業投資者將大大受惠。

Mark Elliott總結時表示:「這些公司來倫敦並不是兒戲。管理層知道投資在這裡,未來會有甚麼得益。」

如欲獲得英國物業市場更多資料,請聯絡Mandy Wong。

15 Oct 2019

JLL has recently formalised a strategic alliance with CORE, a leading Manhattan residential real estate brokerage firm. The JLL/CORE alliance will focus on the sale of to-be-built residential condominium units to buyers in Asia through JLL’s long established International Properties group.  

Founded in 2005, CORE is a forward-thinking brokerage firm providing “a boutique, full-service consulting platform for agents and developers to grow and strengthen their businesses.”   Since its establishment the firm has grown to encompass over 170 real estate professionals and staff, with New York offices in Chelsea, Flatiron, Union Square, Madison Avenue and Brooklyn. CORE has overseen the sale of more than thirty new development projects – resulting in over $5bn in sales to date.

As the global market leader, JLL’s International Property team has the strongest global relationships with the most active investors seeking these residential investment opportunities. Through weekend exhibitions, cocktail receptions, and personal meetings, our broker network has a proven track record of selling off-plan residential units to foreign investors. As an ever-increasing number of foreign investors seek residential opportunities in key U.S. markets, the expansion of our services into the New York City market will allow us to deliver opportunities to those investors. The new partnership will also allow JLL and CORE to provide advisory services directly to developers as they contemplate pre-construction design metrics such as unit size, bedroom count and amenities. 

Spearheaded by JLL Vice President Gavin Morgan, the alliance between JLL and CORE will combine our institutional approach with CORE’s proven expertise in residential brokerage, to offer a service which is otherwise unavailable in the New York City market.

“Such a mutually beneficial arrangement between CORE and JLL provides a win-win for both of our firms’ respective clients. We now have unrivalled, market leading access to Asia’s largest pool of buyers, married to New York’s best access to new developments in  Manhattan, Brooklyn, Queens and New Jersey,” says Morgan.  “Our uniquely collaborative culture also enables us to leverage relationships both sides of the Pacific to ensure maximum exposure in Asia to the best purchasing opportunities in New York City.”

If you are interested in learning more about this new dimension of our Investment Sales business or know of a developer that would benefit from a unique approach to capturing foreign demand for residential units, please contact Gavin Morgan.

15 Oct 2019

First the vote for Brexit and now the vote for Republican nominee Donald Trump – both shocked the world, but what consequences can be expected for the UK property market following the U.S. election?

The stock market’s knee-jerk wobble in the immediate aftermath of the election may have been predictable, but the long-term impact of Trump’s triumph on international events remains uncertain. The new US president-elect is an unknown political entity and his election has led investors to seek safe-havens for their funds. Stable refuges such as gold and prime central London property are being viewed as concrete options for many companies and investors looking to move their investments out of the U.S.

Regarded as a safe investment, London property offers people from around the globe a variety of residential options guaranteed to generate a sound return on investment.  In addition to demand from U.S. investors, Mark Elliott, an Associate Director with JLL’s International Residential Property team in Hong Kong, anticipates numerous other foreign property buyers will now look towards the UK instead of America.  He also expects buyers from the Middle East and Asia, who may have taken offence to Trump’s inflammatory rhetoric on immigration, to be especially likely to invest in London real estate ahead of that in the U.S.

Since the presidential vote the British pound has made significant gains against the U.S. dollar – rising 1.2%. Barring a series of interest rate hikes, this minor improvement will help ease some of the post-Brexit inflationary pressure in Britain. It may also lead to dollar-rich buyers, who have previously been wary of the UK market owing to recent currency fluctuations, gaining confidence and deciding to buy before the U.S. dollar begins to weaken. While Americans haven’t historically been prolific buyers in London, Elliott predicts that more U.S. citizens and those residing in countries with currencies pegged to the greenback may now begin to lay down foundations in the British capital.

During  these uncertain times, the UK’s benign corporation tax, mid-level residential property tax, beneficial GMT time zone for business, international business language,  huge depth of markets and talent, and top class educational institutions continue to catch the eye of the cautious property investor.

The predicted boost to the UK market is likely to only involve Central London, with Nine Elms in Battersea– home of the new U.S. embassy – as a possible destination for disenchanted Americans looking to move. Currently only 2 to 3.5 per cent of prime Central London buyers originate from North America, but with Trump’s election that may be about to change.

For more information about the UK property investment market, please contact Mark Elliott.

15 Oct 2019

Manchester, often considered Britain’s second city behind London, is undergoing something of a revival, with amenities to match its rival in the south. £800 million has been invested in Manchester’s Airport City and £110 million in The Factory, an impressive theatre and arts facility worthy of West End performances. So it was perhaps only a matter of time before the city also sought to replicate one of London’s most fashionable addresses and develop the “Mayfair of Manchester”.

Built on eight hectares surrounded by the River Irwell, the Castlefield conservation area and Manchester city centre, St. John’s – a new development from Allied East – hopes to live up to the name it was given in an original design brief.

Mark Elliott, Associate Director with JLL's International Residential Property Servicesteam, believes the moniker is justified, likening the development to an opportunity to “buy in Mayfair in 1990.”

With the likes of Soho House already expressing interest in the project, he says it won’t be long until the other big players of the London scene start to take hold of the opportunities to open boutiques, bars and Michelin-star restaurants. “Once that begins to happen the money will start to flow in and in turn there will be large appreciation upon investments,” Elliott adds.

JLL’s UK Residential Research team expects house prices in the North West of England to increase over the next five years, building on 5.5% growth in Manchester in the twelve months to the end of Q2 2016. “These are the locations where scale on a per asset basis is easier to achieve,” explains Adam Challis, Head of UK Residential Research in a recent investment report, “Into the Mainstream”. With investors seeking to diversify their portfolios and increase return-on-investment, UK cities outside of London are becoming ever-more appealing.

But for many buyers, lifestyle is increasingly important too, and by forging a community around its residential units, St. John’s aims to integrate itself into the fabric of its city long-term and offer its residents enriching experiences. They will also have a choice of spaces to fit their individual lifestyles, from low-rise apartments to penthouses, lofts and high-rise living.

 The expected establishment of workspaces of all sizes, commercial workshops, retail outlets, cafés and studios, will transform the area into an attractive destination for a youthful, technologically savvy demographic to both do business and unwind.  “By encouraging entrepreneurs, innovative companies, artists and designers to develop their craft within the development and then to engage with the wider community,  St. John’s will stimulate local economic growth and that in turn will lead to higher returns on investment,” says Elliott.

“There is an opportunity here, but it will not be available for long,” he warns. “Buy in now to be part of one of the most exciting, but under the radar, regeneration projects in the UK.”

For more information about St John’s or investing in UK Property, contact Mark Elliott.

15 Oct 2019

未來的倫敦住宅供應有不少挑戰。2016年,新建住宅及新的建屋計劃大大減少,這是由於交投漸見減少,改變印花稅措施,以及英國脫歐,導致此情況出現。

不過,指出問題所在,並不足以阻止問題發生,更未可以解決及扭轉建屋數字下降的問題。住宅市場的交投已漸見活躍,但發展商會小心應付未來挑戰,預料增長會平穩。新英國首相以及倫敦市長需要盡快解決問題。

15 Oct 2019

European real estate exposure appears able to retain its position as a sweet spot for global capital. This is encouraging sign when there had been a movement out of European equities in recent weeks into higher yielding (higher-risk) emerging-market sovereign debt.

For More Information, Please contact us on +852 3759 0909.

15 Oct 2019

仲量聯行住宅部研究及分析美國芝加哥的物業市場,並提出深入而透徹見解。如欲索取更多資料,請聯絡仲量聯行,電話號碼為+852 3759 0909。

15 Oct 2019

JLL residential team provides analysis and insights into residential real estate market in Chicago, USA. 
For more information, please contact Jones Lang LaSalle on +852 3759 0909.

15 Oct 2019

There may be further trouble ahead for London’s housing supply problem. The number of new build starts and the number of new planning applications have dropped like stones during 2016. An already cooling sales market, stamp duty changes and Brexit can all claim part-responsibility.

But apportioning blame will not solve, avert or reverse the inevitable slide in construction activity. The sales market is exhibiting signs of improvement, but progress is likely to be steady with developers exercising caution. The new Prime Minister and the new Mayor of London need to step in, and step in fast..

15 Oct 2019

Jll Residential Team Provides Analysis And Insights Into Residential Real Estate Market In Japan.

For more information, please contact JLL on +852 3759 0909

15 Oct 2019