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News Release

“JLL Automotive” launches in response to new greener technology and big data driving changes across the sector

JLL’s new team will focus on providing advice on car parks, car dealerships, petrol filling stations and motorway service areas to investors, property owners, operators and funders.

LONDON, 21 June 2017 - JLL has set up a dedicated automotive team sitting within the wider Alternatives team to offer JLL’s clients fresh insight into this fast changing sector. 22% of investors surveyed by JLL are planning to invest in the next year following over £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.

Charles has recently joined JLL from Automotive Property Consultancy Ltd 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 market-leading Upstream Sustainability services team.

JLL has advised on a number of key transactions in the sector across the UK and Europe and also manage and operate more than 100 car parks across the UK. This makes them uniquely placed to support clients in this changing environment.

In 2016 there was a 22% increase in new sales of Ultra-Low Emission Vehicles (ULEVs.) Despite this, new JLL research highlights that the infrastructure for new technology within shopping centres is yet to catch up, with 75% of shopping centres surveyed didn’t have any Electronic Vehicle charging points. There have also been only 2,500 charging points installed in the UK in the last 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 fast paced evolution of the car.

Ollie Saunders, Lead Director of JLL’s Alternatives team, commented: “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”

More information can be found in JLL’s Predictions report for car dealership and in our most recent car park research.