Announcing the UK’s most active regional agents of 2015
- Leisure & Hotels
JLL has sprinted clear of CBRE to retain its yellow jersey in deals volumes for the fourth year in a row. However, there are signs that the two US property giants are beginning to be hauled back into a peloton of agents in which market consolidation is creating larger entities preparing to mount challenges of their own.
Striking evidence of how market consolidation is shifting the tectonic plates of commercial property can be seen in EGi’s latest rankings of deals volumes, which feature a new name at the top of the leaderboard for the first time in four years. Cushman & Wakefield, thanks to its merger with DTZ, now enjoys a comfortable overall lead while the previously unassailable JLL has been knocked down to fourth place.
EGi has crunched the numbers and calculated the rankings based purely on deals volumes across all property types in 2015. Although volumes are by no means the be all and end all of agency work the figures provide solid statistical evidence of exactly how profound a year of change 2015 proved to be.
Thanks to the addition of DTZ, C&W has been able to build on last year’s dominance in the retail sector so that it now features prominently in the office, industrial and investment categories and this has seen it sail clear from the rest of the pack in combined volumes. In truth, the signs were there last year that the chasing pack was closing the gap on JLL, which had topped the rankings every year following its 2011 merger with King Sturge, but the latest figures will still surprise many.
Indeed, had it not been for the DTZ/C&W merger then Lambert Smith Hampton would have reclaimed the title it owned throughout the Noughties after embarking on its own acquisition trail of regional specialists such as Tushingham Moore, ES Group and BTW Shiells over the past couple of years.
Although CBRE dropped down a place in the overall top five to third it now sits narrowly ahead of its fellow US-owned rival JLL and retains its title as London’s most active agent. Meanwhile, Savills has risen to the top of the podium in investments and maintains its spot at fifth overall. The Leisure & Hotels top five is completely unchanged on last year, with Christie & Co sitting pretty at number one.
But for all the consolidation, the picture at specific geographical level still looks healthy for the regional players. Of 12 geographic areas that make up the UK, only six are topped by national companies, suggesting there is still plenty of room left in the market for the regional specialists who make up the backbone of the industry.
Many thanks to all companies who submitted deals.
- East of England
- East Midlands
- North West
- South East
- West Midlands
- Northern Ireland
- South West
Investments, retail, industrial, leisure & hotels and offices.
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