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Team advised on over £5 billion transactions year to date
LONDON, November 9 2017 – JLL’s National Investment Portfolio team has today announced a strong Q3 and looks set for a record-breaking financial year.
Q3 2017 saw the JLL’s UK Capital Markets teams advise on £1.77 billion of acquisitions and sales totalling £3.1 billion. The figures put the team firmly in the top spot for acquisitions, sales and overall transactions in the UK, based on independent industry data provided by CoStar, (a leading provider of commercial real estate information, analytics and online marketplaces). The total value of transactions the team has advised on in Q3 is £1.4 billion ahead of their closest competitor.
So far in 2017, JLL’s National Investment Portfolio team has advised on transactions totalling over £5 billion, marking a fivefold increase on their 2016 transaction volumes. These include standout deals such as:
• the disposal of Oaktree Capital’s business park portfolio to Fraser Centrepoint• the acquisition of the Arlington portfolio on behalf of TPG• the acquisition of Brockton Capital’s industrial portfolio on behalf of Blackstone• the acquisition of IDI Gazeley on behalf of Global Logistics Properties (GLP) Commenting on the performance, Philip Marsden, Lead Director for the National Investment Portfolio team, said:
“During 2017 the Portfolio team has successful advised both domestic and international clients in landmark portfolio transactions in the UK. Given the continued political and economic headwinds around Brexit, the UK portfolio market in 2017 has proved to be robust and resilient. The acquisitions by global capital like Blackstone and GLP has demonstrated a long term commitment to the UK real estate market. JLL has been delighted to be at the forefront of this portfolio activity, reflecting its best in class team.”
The news follows the announcement that Peter Kirk, Director, is leaving JLL to pursue new opportunities. JLL wish him well in his new endeavours.