Property Outlook Lunch 2

(l to r) Andrew Metcalf, event facilitator, Ron Roser, Chairman Caxtons, Mark Kibblewhite, Invest and Fund, Peter Bill, speaker, Allis Beasley Brachers, Simon Crookston, Crowe Clark Whitehill

Property specialists Caxtons Chartered Surveyors, audit, tax and advisory firm Crowe Clark Whitehill and Brachers law firm recently held a joint Property Outlook lunch for invited movers and shakers across Kent and the South East.

Developers, house builders, bankers, construction companies and other property people came together at Eastwell Manor to hear speakers Peter Bill, and Mark Kibblewhite share their thoughts and intelligence on the sector.

Peter Bill, the respected author and property journalist for the Evening Standard, Property Week, Estates Gazette and Building Magazine spoke first.

Giving a sometimes-controversial speech Peter included a macro view of the property sector, the impact of Brexit, and focused on the outlook for Kent.

He spoke of a shifting attitude towards office occupation noting a gravitation towards serviced offices - strongly affected by a new wave of IT - and predicted that it might not be long before 30% of all offices are serviced space.

On the industrial sector he bemoaned the lack of warehouses –particularly in Kent, and believes an emerging joined-up push on re-invigorating high streets was evident in the retail sector, with permitted development rights aiding change of use and residential playing a bigger role.

He asked why house builders did not build more quickly but got short shrift from one quality house builder who said firms the size of his build to supply market demand rather than to leave properties empty for months on end. He said house builders were not there to solve the housing crisis.

Peter said the government's property ambitions to secure long-term sustainable development for commercial and residential sectors had ensured considerable government help for Kent with little return on investment. He flagged a step change in policy due in May, with further planned Civil Service de-centralisation and 200 mini-hubs being created across the country that would present opportunities.

He said the Kent Property Market Report was 'filled with gems', and that the county was doing OK with lots of activity across the entire property sector.

The second speaker, Mark Kibblewhite, is a non-executive director at Invest and Fund, a peer-to-peer platform helping individuals, high net worth lenders, institutions and others achieve risk-adjusted returns from residential development projects.

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Mark said the clearing banks had moved away from financing smaller property loans for reasons of capital values, perceived and actual delivery problems/delays, lack of expertise and past 'over exposure' to property and that in their place, the challenger banks, credit funds, institutional lenders, listed funds and peer-to-peer lenders were now occupying the territory.

He touched on what interested and convinced the new lender categories to facilitate particular projects and looked at what might be a financeable project and why – notwithstanding planning risks/gains.

Mark was clear that collectively, the availability of capital, particularly for house building but also other property, is vast. If a firm seeking funding is experienced, then there is a wide range of alternatives – especially with an attractive proposal on the table. Preparation is key, as is finding the right funding match.

In answer to a question about whether Kent would be better served by large or small scale development delivery, one house builder said smaller developers build between 20 and 30 quality properties per site and can contribute a lot to the landscape. He agreed government had done a great deal. Help to Buy had been a success for them, assisted people to get on the housing ladder and stimulated the market.

There was agreement that delays in the building industry could often be attributed to the knock on effect of problems such as timely installation of broadband, water and energy to new developments, and the insufficient number and calibre of Local Authority planners.

Locate in Kent's Chris Broom said that there was ample demand but a distinct lack of commercial development across Kent, especially large warehouses in north Kent. He noted some new build under way, including some by district councils who want to fill a gap locally, and that business rate retention by councils had helped with the latter.

In conclusion, the audience was positive and vocal about Kent's property market – especially house builders who confirmed residential property sales have increased. But there is a distinct lack of commercial stock.

Auctioneer Clive Emson said 85% of all lots presented for sale are sold and there are plenty of potential buyers around, but he wants more property to sell.

Neil Chatterton, MD at Caxtons who specialises in commercial property, in particular management, professional and investment work, said he was encouraged others agreed Kent was well positioned to take advantage of a mostly positive outlook for the sector.

"The speakers gave our guests intelligence and opinion that will have left many feeling better equipped to make decisions in relation to property – whether disposal, acquisition, expansion or contraction. Hopefully, the forum will have given them the chance to renew acquaintances with those they have worked with successfully in the past and to meet people they feel they could do business with in future.

"It's an exciting time and place to be involved in property and at Caxtons, we hope to make the best of all the opportunities presented. Including Brexit."

At Caxtons, we are proud to have some of the most experienced and knowledgeable property experts on our corporate team. Whether you need someone to assist with letting and managing your property, running a management company for a residential block, undertake a valuation or help settling a party wall dispute – we can help you by providing learned, relevant and timely advice and guidance.

However, Charles Oliver BSc MSc FRICS FAAV MEWI FCIArb was not content with a just three Fellowships – as his post nominal letters indicate – so he has recently been awarded his fourth and became a Fellow of the Expert Witness Institute (changing MEWI to FEWI) on 23rd March 2018.

Based in Kent all of his life, Charles qualified as a Chartered Surveyor in 1982 and has a degree in Estate Management from Reading University, a masters degree in environmental assessment from Greenwich University and is a Fellow of the Royal Institution of Chartered Surveyors, a Fellow of the Central Association of Agricultural Valuers, a Fellow of the Chartered Institute of Arbitrators as well as his newly acquired Fellowship with the Expert Witness Institute. Charles specialises in valuations, landlord and tenant negotiations, expert witness reports, compulsory purchase and leasehold enfranchisement valuations.

A member of the Expert Witness Institute (EWI) can only be awarded a Fellowship – the pinnacle of membership – having gained 10 years of experience as an Expert Witness. A Fellow will undertake mentoring of provisional members of the Institute to help them to achieve their full membership. They will advise on report writing, where

necessary appearing in court and managing their commitments to both their 'day job' and their Expert Witness work.

As an Expert Witness, Charles has provided evidence based knowledge and opinion bringing reason and right to a variety of thorny cases, from boundary or party wall disputes to compulsory purchase compensation disagreements. He is able to work with the legal community and to bring his specialised intelligence to a given property issue with the succinct clarity required for a courtroom, judicial or tribunal setting.

Charles works to tight deadlines and within legal guidelines to produce fact based reports to underpin the case. His expertise goes beyond the every-day experience of a chartered surveyor and he retains information on historical Case Law, which if called upon, he can and does use to support his considered technical opinion and witness. During the past ten years he has written more than 160 Expert Witness Reports.

Charles says that he is only there to gather and provide evidence-based fact that will assist others (in authority) to reach a binding decision. He also says that he is delighted to have become a Fellow of EWI and looks forward to mentoring others to become members of the Institute.

In addition to Charles, Caxtons is please to count four other Fellows of the Royal Institution of Chartered Surveyors and a Fellow of the Association of Residential Letting Agents amongst its numbers.

To contact Charles email This email address is being protected from spambots. You need JavaScript enabled to view it. or telephone 01474 537733.

charles oliver 7538 SQU

Charles Oliver

Caxtons Chartered Surveyors is delighted to have completed the let of 4,435 sq ft of office space on a new full repairing and insuring 5-year lease at The Courtyard, Gillingham. Incoming tenant Dynasafe BACTEC Ltd, a leading Explosive Ordnance Disposal and Mine Action company, will be moving into their new offices as soon as possible.

The Courtyard is a development of individual office buildings ideally located in north Kent, adjacent to the A2 and the A278 dual carriageway with the M2 Motorway (J4) approximately 2.5 miles away, which gives direct access to the M25 or Channel Tunnel and Ports.

Each office at The Courtyard has excellent natural light, is carpeted and has suspended ceilings. There is ample parking on site.

Mark Coxon, Head of Commercial Property Services at Caxtons said " The Courtyard provides a well managed and secure business environment for a variety of occupiers. It is set in 150 acres where the office buildings surround a landscaped square in a mature woodland setting, yet with easy access of main arterial routes. We are happy to have been able to meet the new tenants exacting requirements and that they have found the right premises to suit their needs."

To view other commercial properties in Kent and the South East available to let or for sale through Caxtons visit www.caxtons.com and click on commercial property search, email This email address is being protected from spambots. You need JavaScript enabled to view it. or telephone 01622 23488.

The Courtyard GBP

The Courtyard, Gillingham