FHP Property Consultants are crowned “Most Active Agent” in the East Midlands by the Estates Gazette.

FHP News

The 2017 EG Interactive Awards have confirmed that with 353 deals concluded in 2017, FHP are the most Active Agent in the East Midlands.

Founding Director David Hargreaves said:

“The amount of work involved in putting together just 1 deal these days is massive so 353 deals in a single year shows just how creative, focused and hardworking Team FHP are.”

He went on to say: “These deals have generated approximately £20 million of annual rents with an end value of almost £300 million”.

Founding Director John Proctor said:

“With offices in Nottingham and Derby and a London base delivering a full range of agency services, FHP are a multi-disciplinary practice able to advise clients of all sizes across the Retail, Office, Industrial, Leisure and Investment sectors.”

Director Alan Pearson said:

“Not only did we win the overall title but the Retail and Leisure Team of myself, Jack Shakespeare, Darran Severn, Olly Marshall, Mark Bradley, Liam Egan and David Hargreaves once again retained our title as most Active Retail Agent with 163 deals generating rents of £6.9m and a Capital Value of circa £125m.”

Deals completed included lettings and sales to the likes of Aldi, Lidl, Holland & Barratt, Footlocker, Krispy Kreme, Timberland, Five Guys and The Botanist.

David Hargreaves said:

“With the well documented difficulties faced by High Street Retailers in the face of changing shopping patterns, the continuous march of the Internet retailer and the Government’s Rating Revaluation which has seen occupational costs rise significantly, putting together 163 retail deals in the East Midlands is amazing and has played a major part in ensuring our High Streets and Shopping Centres are occupied and not vacant.

These are not easy deals and have been created through our depth of knowledge in the department as a whole, our contacts built up over the past 25 years and being “out and about” at the various Retail Events and Conferences such as the bi-annual “Completely Retail” event in London and “Revo” the Shopping Centre Conference.

However our most important skill these days is to think “outside the box” and be creative when negotiating terms.”

Hargreaves also confirmed FHP had won the Most Active Investment Agent in the East Midlands with Investment Deals concluded across the board from individual Investors and Property Companies through to large Pension Funds and Insurance Companies such as East Point Retail Park, sold for over £12million.

Mark Tomlinson said FHP came second in terms of the number of office deals completed, but first in terms of size with 233,000 sq ft of offices let in 2017 in Nottingham alone including Nottingham’s largest office letting of 33,000 sq ft to Siemens.

Tim Gilbertson confirmed FHP came third in terms of the number of deals completed in the East Midlands, but with a massive 1.3 million sq ft of accommodation let or sold by the Industrial Team in 2017.

The EGI Deals Competition is designed to establish the Agents completing the largest number of deals and has been running since 2001 and is an independent survey conducted by a research team which covers commercial transactions.

 

End

David Hargreaves

9 April 2018