JLL revs up dedicated automotive team
JLL has set up a dedicated automotive team sitting within the wider alternatives team to offer clients insight into this fast-changing sector.
Twenty-two per cent of investors surveyed by JLL are planning to invest in the sector next year, following more than £800m being transacted in the UK automotive market in 2016.
The team is made up of specialists who have a mix of agency, consultancy, construction, data, research and operational expertise, including Richard Servidei, Paul Ben-Nathan, Paul Gallagher, Jessica Cunningham, James Kingdom, Charles Dalton, Ross Burns and Jeremy Bailey.
JLL has set up a dedicated automotive team sitting within the wider alternatives team to offer clients insight into this fast-changing sector.
Twenty-two per cent of investors surveyed by JLL are planning to invest in the sector next year, following more than £800m being transacted in the UK automotive market in 2016.
The team is made up of specialists who have a mix of agency, consultancy, construction, data, research and operational expertise, including Richard Servidei, Paul Ben-Nathan, Paul Gallagher, Jessica Cunningham, James Kingdom, Charles Dalton, Ross Burns and Jeremy Bailey.
Dalton has recently joined JLL from Automotive Property Consultancy, where he was an investment surveyor focusing primarily on franchised car dealerships. The team will also embed sustainability in its advice to clients, working alongside JLL’s upstream sustainability services team.
JLL has advised on a number of key transactions in the sector across the UK and Europe and also manages and operates more than 100 car parks across the UK.
In 2016 there was a 22% increase in sales of ultra-low emission vehicles. Despite this, JLL research highlights that the infrastructure for new technology has yet to catch up, with 75% of shopping centres surveyed lacking any electric vehicle charging points.
Only 2,500 charging points have been installed in the UK in the past 12 months. With the UK’s first all-electric vehicle showroom opening this summer, car dealerships are also having to ensure that they keep up with the evolution of the car.
Ollie Saunders, lead director of JLL’s alternatives team, said: “The sector offers investors the opportunity to gain exposure to a transforming sector with real asset management opportunities and underlying development value. Pioneering technology is going to change the type of vehicles we drive and how we use them – and it will impact significantly on the wider urban environment over the next decade.
“Together the team brings a wealth and depth of expertise of the underlying assets – which is key to providing the best advice to clients where covenant is not always the key consideration”
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