The North West Investment Market

James PorteousDirector, Capital MarketsJune 2013

Investment

Current trends – UK Investment Activity

Greater London

45%Rest of UK55%

Investment Activity: 2006-2010

Greater London

54%

Rest of UK46%

Investment Activity: 2011-2012

Current trends – who are the vendors ?

43%

3%7%

30%

3% 13% Institutions / Pooled Funds

Private Investor

Propco's

Insolvency / Consensual

Unknown

Other

Source: Jones Lang LaSalle, 2013

Current trends – who are the purchasers

33%

67%

Source: Jones Lang LaSalle, 2013

33%UK

67%Global 2012 (£m)

Global Sources of FundsNB: Other geographies or unknown capital accounted to GBP 1.5 billionSource: Jones Lang LaSalle; Property Data (UK); October 2011

UK DomesticAmerica

Global

Asia Pacific

Middle East

Europe

Industrial Property Volumes

Source: Jones Lang LaSalle, March 2013

Limited new development and available stock

Current trends

Prime multi-let industrial and single let distribution yields

Key TransactionsOmega Warrington

Brake Brothers £19.0m

LIM 6.0%

Key TransactionsRevolution Park, Chorley

Encon Insulation £6.6m

AUB Fund 7.75%

10 years unexpired

Key TransactionsBuckshaw

6.5 years to expiry

225,196 sq ft

£10,250,000 – 9.2%

20% Vacant

SE will remain expensive

Who are and will be the purchasers?2013–2014

Thank You