Retail

My MIPIM: Dan Henn

As we start to imagine the sand between our toes and the smell of the fresh ocean air, we spoke to another TFT MIPIM attendee, Dan Henn (Partner and Head of Development & Project Consultancy) to get his view on regional trends and how to seize the opportunities MIPIM has to offer.

What has changed the most in the industry, since MIPIM 2018?

Despite the uncertainty surrounding Brexit, the property and construction world seems to be more or less business as usual. There was a hiatus of decision making in the industry after the May 2017 general election but eventually those time-bound decisions that weren’t being made (which were becoming urgent) had to be made – and the work continues apace.

What would you like to see more (or less) of at MIPIM 2019?

More sunshine and less rain!

What industry topic isn’t getting enough attention?

Retail parks. We are all very used to hearing about the high street and the need to keep up with the pace of the changing consumer behaviour, as our shopping habits become more online-oriented. Will retail parks fall by the wayside, will they become more important, or take a new form altogether?

We’re seeing such a demand across other burgeoning sectors (industrial, logistics, build to rent and senior living) – they represent a wealth of opportunities to re-purpose poorly trading sites into an alternative high performing asset.

What regional trends would you like to explore at MIPIM?

I’m interested in the booming market in the midlands. Following an uptick of activity TFT is investing in project management and cost consultancy resources to match client demand for our services across the region.

Elsewhere, there are interesting micro-markets in London where demand for offices is still strong and fuelling development.

What should every MIPIM first-timer do, or not do?

Don’t fill your diary up too much! The temptation is to accept every offer going in a hope to make sure that you are fully occupied. The real value is in those chance meetings walking along La Croisette or queuing for a drink at the London stand.

On a similar note, avoid those tempting lunches at a fantastic venue but out in the sticks. As nice as they are, they can take you away from the hub where those chance conversations are happening.

Technical Due Diligence in Commercial Property

Technical due diligence (TDD) enables those involved with the acquisition, occupancy and disposal of commercial property to understand and manage risk, make informed decisions, and future-proof their investments. Building services installations are more dynamic – and their associated issues often result in greater disruption and cost – than the building fabric elements, so M&E technical expertise and advice is a fundamental part of the TDD process.

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Lack of government incentives puts brakes on energy efficiency

80% of commercial property landlords claim a lack of government incentives is the single biggest barrier to widespread energy efficiency measures being introduced across UK commercial real estate, according to TFT, the leading property and construction consultancy, in the TFT Energy Survey 2016 published today.

With a confusing array of disconnected, individual energy regulations, a further 75% have said that the current regulatory framework is too complex to navigate. This comes even though an overwhelming majority of respondents to TFT’s first annual survey (92%) say that attitudes to energy efficiency have improved since the last recession.

Similarly, 90% are clear that energy efficiency is a higher priority in their portfolios than it was before 2008. However, only 35% of investors have introduced a formal energy management system or implemented energy efficiency improvements.

TFT Energy Survey 2016 is TFT’s first annual survey into the current barriers to delivering truly energy efficient real estate. Specifically targeting property investors and managers, it explores a range of key issues including whether energy efficiency has become a higher priority.

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