As published in pbctoday, on the 26 August ________________________________________________________________________________________________________________
The life sciences sector is the subject of huge investor and developer interest. The risk of disruption to projects, therefore, is an acute one. Simon Harbour, building consultancy partner at Rapleys, looks at how the current building materials crisis is impacting the industry.
Investor appetite in the Life Sciences has surged in recent years. Unlike in other sectors, the pandemic has been a catalyst for significant investment including real estate and infrastructure, such as labs and research hubs as well as logistics and back-office facilities.
Ryan joined Rapleys as a Senior Planner in June 2021, and has been working as a Town Planner since 2014. Ryan has experience in working on a variety of projects across a wide range of sectors on behalf of both private and public clients, including residential, retail, hospitality, commercial, industrial and mixed use schemes.
Ryan has extensive experience in the co-ordination of planning applications and the project management of multi-disciplinary teams, and advises clients at all stages in the planning process, including the completion of site appraisals, formulation of planning strategies, representations to local plan consultations, preparation and submission of a wide range of planning application and consent types, and securing reserved matters approval.
Being commercially aware, with a strong understanding of development activity and the evolving planning legislation and policy context allows Ryan to provide sound and reliable tailored advice by working directly with the client from the initial site appraisals through to achieving planning permission.
- A1 / E retail use
- 3,000 to 4,000 sq ft
- Ground floor retail
- Dedicated car parking
- Prominent sites
- Located on main arterial routes
Contact: Richard Curry | 07876 747146
Jennifer joined Rapleys in September 2019 as an Assistant Property Manager based in the Birmingham office. Jennifer has a strong background in residential property management with over 8 years experience in this sector.
Jennifer has a practical and pragmatic approach to property management but also has the ability to think outside of the box when it comes to problem solving. At Rapleys, Jennifer hit the ground running to assist a client with over 40 dental practices across the UK. In her first two months Jennifer streamlined the processes for this client. She maintains a daily involvement overseeing the works at the properties and keeps the client informed. The level of outstanding repair works for this client has since more than halved and the client’s feedback has been incredibly positive.
Jennifer offers a high level of care and efficiency in her work making clients and tenants alike feel valued and having trust in the service provided by Rapleys.
Rapleys Asset Management team specialises in maximising income and value of property assets and minimising clients’ liabilities. In collaboration with our other specialised teams, our senior team of Partners have experience working with investors, occupiers, developers and landlords, in both the public and private sectors.
We concentrate on added value initiatives such as:
• Formulating asset and portfolio strategies
• Repositioning assets
• Change of use/reconfiguration
• Strategic refurbishments
• Re-gearing leases to improve terms and covenant
• Transaction management
Our sectors are:
• Industrial & Distribution
• Retail & Leisure
• Automotive & Roadside
• Charities/non profit
• Affordable Housing
What we do
We provide a one stop solution for the asset life cycle, from initial investment advice on acquisition, planning advice, redevelopment, project management, building consultancy, lease consultancy, management and disposal. Our service is flexible. It can be:
• End-to-end of the ownership cycle, by working alongside our Investment team to identify added value opportunities (pre-acquisition) and delivering these initiatives on acquisition, through to final exit or;
• Ad hoc advice to improve current asset performance during the hold period, by exploring change of use, re-development initiatives and lease re-gears.
Our strong nationwide team of 150 readily collaborate to drive “added value” initiatives for our clients, providing cross specialism advice. Our in-house sector specialists can immediately support initiatives with their excellent market knowledge and expertise, without relying on external advisers. The scale of Rapleys enables us to resource instructions, providing an efficient collaborative Partner-led approach.
“The UK is in uncertain economic conditions, which will challenge your asset performance. Rapleys approach, combined with our breadth of experience and skill set will position assets to maximise performance and minimise liabilities – our independence enables clients to maintain discreet profiles, with a focused adviser who truly values long term relationships.”
Adam De Acetis, Head of Asset Management
“Rapleys asset manage Trident Industrial Estate on behalf of the Royal London Property Fund (The Fund). The mandate is led by Adam De Acetis, with support from a multi-disciplinary team. Over the period since acquisition, The Fund has benefited from both new leasing and lease restructuring transactions which have significantly added value. Rapleys has clearly demonstrated an ability to reposition an asset and drive investment performance.”
Andrew Johnston, Fund Manager, RLAM
Justin is a Chartered Building Surveyor and Chartered Environmental Surveyor with 20 years experience in both the commercial and residential building surveying market sectors.
He started his career in London working in the ‘high end’ residential market providing all services from acquisition and defect diagnosis advice, through to supporting the lead partner on Expert Witness work in association with contractor default, negligent construction works and personal injury claims linked to defective workmanship.
Justin specialises in the residential, healthcare, automotive and retail sectors. His specialisms include defect diagnosis, design and project co-ordination of construction works (principally in respect of refurbishment) including maintenance and alteration works to existing buildings.
Justin is Rapleys’ in-house expert in determining party wall and dilapidation disputes which has involved defending and also prosecuting significant claims working alongside clients’ legal advisors, specialists and Counsel on behalf of both landlords and tenants.
He provides expert advice to his clients in connection with building defects, boundary disputes, dilapidations, party wall and building contractual issues.
Justin is Head of the Building Consultancy team nationally, dealing with all aspects of building surveying matters for Rapleys’ corporate occupier and landlord clients.
He joined Rapleys in 2001 and was elected as partner in 2008.
Stacey has worked for Rapleys since 2001, starting out as an office administrator and working in various secretarial and administration roles within the company before starting work in the rating department in 2005.
Since then she has gained good knowledge of business rates and in 2008, decided to take the opportunity to further her career and undertook a distance learning course in Surveying Practices.
In 2010 Stacey was awarded her Diploma in Surveying Practices.
Her role now includes dealing with professional casework, such as appeal recommendations and negotiating rating appeals on behalf of our clients, as well as being head of administration for the department
Jonathan is a Partner in Rapleys Town Planning team and has a wide range of experience across a number of property sectors including residential, retail, commercial, and automotive & roadside development.
The work he has undertaken includes the project management of major planning applications, planning appraisals to assess the development potential of sites, the identification and promotion of strategic land sites, and planning appeals.
He has experience advising a wide range of clients including national retailers, housebuilders, asset managers, private developers and corporate clients.
Jonathan joined Rapleys in 2012. He previously worked for the north west based planning consultancy NJL Consulting LLP.
James is a partner in the building consultancy team and has a broad range of experience across all mainstream areas of commercial building surveying.
He specialises in management of refurbishment projects, preparing and negotiating dilapidations claims on behalf of both landlords and tenants, undertaking pre-acquisition and technical due diligence building surveys and advising on Party Wall matters in both residential and commercial schemes.
James has project managed refurbishments valued in excess of £8million and negotiated numerous large dilapidations claims on behalf of various clients ranging from pension and investment funds to top global brands. James has also acted for both Building and Adjoining Owners regarding complex party wall schemes and undertaken building surveys on various prestigious commercial properties ranging from small scale to hundreds of thousands of square feet in size.
Alun is responsible for a wide range of development related issues, including urban regeneration projects, site disposals, site acquisitions for property developers, development audits/appraisals and agency advice. He has considerable experience in setting up joint ventures.
Alun has extensive knowledge across all sectors of the market including residential disposals and acquisitions, food and non-food retail schemes, industrial and office developments and in particular has been involved in a number of major mixed-use developments.
Alun joined Rapleys in 1997 and was elected a partner in the development team in 2000. Prior to this he worked at Railtrack Property and the British Rail Property Board.
Rapleys’ Building Consultancy Group is pleased to introduce the most recent Associates’ to join the team.
Adam Reed, Bristol
Adam is a commercially driven chartered Building Surveyor who joins the team with a wealth of experience across a broad spectrum of building surveying services. Having a strong working knowledge of the regional market, and notably being a member of the BCO NextGen Committee for the South West region, will prove invaluable for the Bristol service line within the national Building Consultancy Group.
Adam is adept at providing the full range of commercial building surveyor services to clients including; technical due diligence, dilapidations, contract administration and CDM advisory. Recent projects have included CAT A office refurbishment and industrial contract administration. Each project has been approached professionally and client relationship management always prioritised, ultimately providing reasoned commercial advice and added value to each project.
Adam comments: ‘I am looking forward to getting involved in the wide-ranging projects and services that the whole Building Consultancy Group delivers at a national and regional level. My move to Rapleys comes as they go from strength to strength in the market and I am confident I can add further to the growth of the team and services.’
Jack Downing, Birmingham
Jack joins the Land Development Project Management service line within the Building Consultancy Group. This move follows experience leading the design and delivery of primary infrastructure on a range of mixed use developments nationally.
Bringing over ten years’ experience in infrastructure engineering, Jack is a qualified member of the Institution of Civil Engineers, and has managed numerous land development and building schemes. With a strong track record in value led and outcome based design, Jack has a keen eye for delivery strategy whilst keeping a firm grip on the detail to ensure risks are managed and opportunities are realised.
Jack comments: ‘I am exciting to join the team and I feel there is a significant opportunity to build and expand our offering to clients. I am very much looking forward to playing a key role in residential and mixed use development sites and making use of Rapleys’ full range of property services. Delivering a client focused service has always been at the heart of my approach. I do this by investing the time to understand the client’s key drivers so I can ensure these are achieved and I will continue this as I progress here.’
Justin Tuckwell, Head of Building Consultancy, comments: ‘I am delighted to welcome both Adam and Jack to Rapleys. Their talent and skillsets were carefully considered to enable a continued, and improved, service to our clients. I am excited to support their careers and develop their skills. I am confident that with their combined experience and proven service delivery our position will be further strengthened in the market as the Building Consultancy Group continues to expand.’
Demand for care homes throughout the UK remains very strong despite the fragmented nature of the market. The majority of development activity is in the ‘for profit’ sector and is aimed at private customers in the more affluent parts of the country.
Demand for additional care home beds is predicted to rise steadily over the next decade with some experts suggesting a requirement of close to 7000 new places per annum, reflecting the UK’s ageing population.
With this underlying and consistent demand it is unsurprising that care home investors and developers are actively seeking new sites in good regional locations across the country.
Operators typically offer a range of care options for customers. These include; nursing care, dementia care, residential care, day care and personal care. The main differences between these types of care home is the level and quality of care provided, although some of the larger homes will provide a range of care solutions under one roof. The basic principle being that the higher the level of care required the higher the annual cost.
Care home development
The majority of new care home developments have a capacity of between 60 and 100 beds with associated car parking. In planning terms it is a C2 use classification and in general terms it can be regarded as a ‘soft’ planning use owing to the low traffic generation and the general nature of the use itself. Care homes are also employment generating (unlike standard housing) and this can assist with change of use arguments on former employment sites. Typically, the more intensive the care provided the higher the employment generated.
The high consumer demand and current under-supply has resulted in an increasing number of developers seeking new opportunities for care home development, which in turn has led to an increase in prices being paid for new opportunities. The requirements are typically 1-3 acres in area and can be located on the edge of town centres or suburban locations in areas with strong financial demographics.
Prominence is not essential but sites with good frontage to main roads and close to local amenities are highly desirable. Some examples of suitable properties include former car dealerships, large pubs, and industrial premises.
Rapleys has been successful in identifying and acquiring a number of sites on behalf of care home developers and we urgently seek additional development opportunities. If you have any surplus land/sites that would be suitable for a care home please contact Alun Jones.