Investment is best generic monitor of market confidence

Despite commentators trying hard to talk everything down, we saw good activity and scooped Award

22 December 2016

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As we start to think about closing the shutter on 2016 and preparing for the Christmas vacation it provokes thoughts on a year that has felt somewhat unprecedented on the subjects of “uncertainty” and “waiting to see”. At the start of the year, just as there was a feel good factor that the market was starting to resume some vestige of normality, my investment colleagues, whose market is the best generic monitor of market confidence, started to feel the lowering of the anchor as investors became increasingly aware of the looming Brexit Vote. I confess that I would have lost my bet if I had wagered any money on the outcome.

That said I do observe that most major schemes, particularly those providing any form of infrastructure or regeneration in Wales has the European Flag on display endorsing the support we so often have enjoyed.  I wonder where the money for such projects will come from in the future.

I was pleasantly surprised in preparing for the next year to hear that my colleagues had felt that the market was quick to settle and business resumed some normality in reasonable time.  This was despite so many economic and political commentators trying hard to talk everything down.  We saw good activity and I congratulate my agency colleagues in their work in contributing to some of Cardiff’s most notable deals and the recognition that was brought in the Estate’s Gazette Award of 2016 for South Wales’s Most Active Agent.

Looking ahead, of course more uncertainty is out there but we will get on with it and deliver the best service and support we can to our many, varied and very valued clients.  We have invested in our profile and our premises; we have increased our resource and talent base with new trainee recruits and notable promotions.  We are ready for the New Year and what that brings.

I have worked with Jeremy Symons over the past three years successfully leasing and buying property in support of my business. I continue to be very pleased with his knowledge of the market and expertise. Our relationship over this time has resulted in acquiring 20,000 sq ft at Capital Business Park in Cardiff, leasing 11,000 sq ft at Southpoint, and subsequently leasing an initial 42,000 sq ft at Parc Bedwas, followed by a succession of expansions of a further 11,000 and then 47,000 sq ft, enabling us to centralise all of our operations at Parc Bedwas in a single 100,000 sq ft facility. The acquisitions were completed at the perfect time for tenant purposes and the rent fixed throughout the term at very economical rates. A job well done.

Bob James, Aerfin