23 Jan 2017
Record year for MMX Retail’s investment team
Despite a lengthy period of uncertainty in the property market last year, 2016 was MMX Retail’s strongest year to date for its investment team, with over £200 million transacted in 12 months. This success was iterated in the latest CoStar Investment Review – as MMX Retail was announced as one of the UK’s top investment agents.
Advising on over £150 million worth of sales throughout the year, MMX Retail came in as the 12th top vendor agent for the single branch agents. In Q4 alone, it advised on a sales value of £120 million, securing 7th place in the Q4 2016 League Table for single branch agents, which marks a rise from 13th place in the previous quarter.
MMX Retail advised on a number of significant sales, including, The Royal Exchange building in Manchester, Haymarket Towers in Leicester and 30-35 Westgate Street in Bath.
It also acquired properties on behalf of Aviva Investors and DTZ Investors.
Nick Stewart, Partner at MMX Retail, said: “Last year was a strong year for us, securing our highest value of transactions since the business was founded in 2010.
“Looking ahead, we believe that income will be king in 2017 and we expect institutional investors to dominate this sector. However, there is likely to be plenty of economic and political uncertainty which creates opportunity for debt-driven and value-add purchasers. All-in debt terms should remain at record lows, but everyone will be keeping an eye on inflation.”
MMX Retail looks forward to continuing its momentum throughout 2017, by providing its clients with specialist advice and support to ensure they get the best possible solutions to meet their bespoke needs.