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Interview with BentallGreenOak's Toby Phelps | Insight


By Mitchell Labiak2021-07-02T00:00:00+01:00
International investor BentallGreenOak (BGO) made its UK debut in 2019 with its forward-funding of 611,000 sq ft of warehouse space in Peterborough and has not let up since, snapping up a 2.1m sq ft portfolio from Thor Equities Group and Morgan Stanley Real Estate Investing earlier this year, and partnering with Equation on a £100m scheme in Bristol, to name but two of the investor’s high-profile UK shed deals.
Toby Phelps
Despite the level of competition it now faces in what is arguably the hottest sector in property thanks to the pandemic, the company is not done yet, says Toby Phelps, managing partner and head of European equity at BGO. Property Week caught up with Phelps to find out why the company is so bullish about the sector and what its next move will be. ....

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Warehousing yields decline as global players race to invest in assets


Yields in warehousing assets have fallen to 7.5 per cent from 8.5 per cent in the past two years as more global players race to invest in such assets in the middle of the pandemic.
“Yield” is the estimated return from an investment. It is calculated by dividing the annual rental income earned by a property by the price paid for the property.
Investors prefer warehousing assets because they are more stable than office properties, which were affected by the pandemic, said bankers involved in warehousing deals.
Last month, Singapore-listed Mapletree Logistics Trust bought two warehousing properties in Pune from a unit of Morgan Stanley Real Estate Investing (MSRI) and another entity at Rs 450 crore. ....

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