Experts in Retail & Leisure Property

Services

Shopping Centres

EJ Hales specialises in all aspects of shopping centre leasing and provides a comprehensive service from site identification and assembly, design input and financial appraisal, pre-letting and leasing, to funding and subsequent asset management.

 

We have been involved in a number of schemes throughout South Wales and the South West and have an in depth knowledge of retailer requirements, potential relocations and extensive local market knowledge.

 

Current Shopping Centre instructions include:-

 

Cwmbran Shopping Centre, Cwmbran

Castle Court Shopping Centre, Caerphilly

The Rhiw Shopping Centre, Bridgend

Capitol Shopping Centre, Cardiff

Food Stores

We have a specialist food store team that has considerable knowledge of the food store market in Wales, the South-West of England, the West Midlands, Shropshire, Oxfordshire, Gloucestershire, Herefordshire and Worcestershire.

 

The team concentrates primarily on acquiring new stores for Tesco Stores Ltd ranging from convenience stores of circa 3,000 sqft up to full format superstore of circa 110,000 sqft. However we also have experience in acquiring land for food store developers, store extensions, disposals and Assets and Estates work in the food store sector.

 

In the last 10 years we have acquired over 1 million sqft of new or addistional floorspace for Tesco, with recent deals including stores at Taplaw (Maidenhead), Risca, Ystrydgynlais, Churchdown (Gloucester), Cefn Mawr, Portland, Welshpool, Newtown, Llandridnod Wells, Ammanford and Pontradulais, Tenbury Wells.

Out of Town

EJ Hales have been at the forefront of Out of Town retailing since the first purpose built units were developed about 25 years ago. We act on behalf of many leading Landlords and some key retailers on all aspects of this sector.

 

We operate extensively in the six key areas of Investment, Asset Management, Development, Property Acquisition, Disposal, and Rent Review/Lease Renewals.

 

With our wide range of skills and knowledge from advising on all types of retail warehousing we are well placed to advising on stand-alone units right through to major developments. EJ Hales are strategically placed to advice on a wide range of properties and issues. Current instructions included:-

 

  • Capitol Shopping Park, Cardiff
  • Gallagher Retail Park, Caerphilly
  • 28 East Retail Park, Newport
  • Parc Tawe, Swansea

Leisure

EJ Hales has had a dedicated Leisure Department for in excess of 15 years.  This has provided us with an in-depth knowledge of this particular sector which has led to us benefitting from a dominant position in the South Wales market which has subsequently led to a wider instruction base throughout the rest of the United Kingdom.

 

Our expertise can be applied to initial scheme planning and development proposals, acquisition/disposal of existing leisure assets, re-positioning of existing leisure schemes to ensure that they match with current market requirements, and professional work.

 

In addition to acting on South Wales schemes including the Red Dragon Centre Cardiff Bay, Old Brewery Quarter Cardiff, Stadium Plaza Cardiff, Leisure @ Cwmbran, Merthyr Leisure Village, Eastgate Llanelli, Salubrious Place Swansea, we are currently also advising on key assets and development opportunities throughout the UK including Waters Edge Brindleyplace Birmingham, Skydome Coventry and Broomielaw Quay Glasgow.

Investment

The EJ Hales Investment Team has a strong track record dealing in the property investment market.

 

We act for many of the UK’s leading institutions and property companies, as well as many private investors.  In addition to advising on standing investments we have an extensive track record of concluding successful funding/forward commitment deals.

 

As well as the transactional side we draw on our team’s excellent occupier/development/refurbishment expertise to provide clients with detailed asset management strategies and turn around programmes, taking an active approach in seeing these initiatives through to creating added value to the property assets.

 

Recent deals include:

 

  • The full funding sale of the Tesco Extra, Risca, Newport for Tesco Plc  to LaSalle Investment Management for £46M
  • The acquisition of Stadium Plaza Leisure Complex, Cardiff for The Mansford Opportunity Fund for £13.2M. Advising on and implementing the subsequent turnaround strategy.
  • The acquisition of Busy Bees Nursery, Cardiff Bay for  SE Land Plc for £475,000
  • The sale of the new B&Q, Newport for £11M to Threadneedle.
  • The acquisition of a retail investment portfolio in Staffordshire and Teeside for a private London based Trust.
  • The sale of Lakeside Retail Park, Brynmawr for Chelverton Deeley Freed for £5.775M to the William Pears Group.
  • Advising Melin Homes Housing Association in the acquisition of their office building in Pontypool for £850,000.
  • The acquisition of a partly built residential apartment scheme Charles Street, Cardiff for a local investment company that are is completing the scheme.
  • The pre-sale of the McDonalds Restaurant on Capital Shopping Park, Cardiff for PMG.
  • Advising on the acquisition at auction of the BBC Studios in Bangor, North Wales for £1M for a SIPP purchaser.
  • The acquisition of the Walkabout Nightclub, Wind Street, Swansea for £2M for a private London family trust.
  • The sale of Mansel House Offices, Swansea for administrators.
  • Advising Pugh’s Garden Centres on their property portfolio.

Professional Services

We provide the following services within this sector, concentrating on the High Street, Shopping Centres and Out of Town Retailing:-

 

  • Rent reviews and lease renewals – we act for landlords and tenants alike in all sectors of the retail market. We combine our expert knowledge of statute and case law with our unrivalled knowledge of the regional market to gain the best results for our clients. The trend towards shorter leases often with beak clauses means it is increasingly important for landlords and tenants to regularly review their options whether it be to consider relocation opportunities or re-gearing to provide more secure income.

 

  • Valuations - We are able to provide bank and private valuations of individual properties to whole portfolios taking advantage of our intimate regional knowledge of the retail and leisure sectors.

 

  • Compulsory purchase - We have experience of advising developers and acquiring authorities in conducting acquisition negotiations ahead of the formal CPO process, where we have had considerable success. One example, was acquiring the site for the St David’s 2 development in Cardiff, where initially there were over 60 property interests to be acquired, all of which were successfully acquired ahead of the formal CPO decision . We also act for landlords and tenants affected by CPO taking advantage of our unrivalled market knowledge and experience in this sector.

Roadside/Neighbourhood Centres

EJ Hales has been at the forefront of retail roadside and district centre development within Wales and the South West of England for the last 10 years acting for a variety of clients including major house builders, property companies, food retailers and individuals seeking to redevelop their own property.

 

EJ Hales prides itself on understanding the modern requirements needed to attract retailers to a new scheme and working as part of a team liaising with architects, planning and highways consultants and project managers.

 

Over the last 10 years as well as advising numerous developments EJ Hales has acquired approximately 75 roadside/neighbourhood stores for Tesco for their Express format.

Residential Land/Development

As part of our strategic development role we provide detailed advice in regard to residential development.

 

This includes advising on land sales and acquisitions, negotiating rights of way through to advising on the acquisition of existing buildings for residential conversion.

 

Acting for various national and local house builders, land owners, student accommodation providers through to several of the Welsh Housing Associations.