All posts tagged "Investment"
Conflicts of Interest
Sep 1985. In a period of ‘retailing revolution’, one wonders how advisers to pension funds can be so confident that the rate of growth essential to justify low initial yield on purchase price will materialise of the review date. Many funds are already becoming increasingly disillusioned with their agents’ failure to achieve the anticipated rental […]
Good time to invest?
Sep 2009 – It seems to me there are a growing number of people thinking to themselves now seems like a good time to invest in shop property. But I’m not convinced. Not because life’s difficult for many retailers, and that for many struggling on in the hope of surviving is possibly about the best […]
Research or Gut-Feeling?
Dec 1984 – In an increasingly complex economy, research is rapidly intruding upon the traditional province of the valuer: gut feeling. The mixing bowl, into which statistics, “informed” opinions, records of past transactions and trends are all technically blended, creates a science out of prediction. An objective appraisal from a source with influential but vested […]
Shop investment: direct or indirect?
Aug 2025. Shop investment: direct or indirect? Direct is owning the property, indirect is a shareholder. Which is better depends upon judicious choice. For direct ownership, cue is best taken from institutional investors. Pension funds have a longer time horizon. They do not pay 20 YP (5%) for 10 YP (10%) rack-rented investments. They do […]
The River Island Saga
Aug 2025. The River Island saga is a stark reminder of the risk run when large landlords relax their investment policies that they apply to small businesses. Small businesses that are incorporated are normally expected to provide a personal guarantor when leasing premises, yet somehow the same strict approach is not required of multiple retailers. […]
Warning Signs
Sep 1984 – News is coming through that the banks are tightening up on their lending to Asian buyers for grocery businesses. Asians tend to treat their business interests as family concerns, injecting sizeable capital funds from consortium or family sources, with bank loans over 5-10 years, in exchange for an income level which would seem derisory to […]