Real estate advisory firm Xprop is marking its first year meeting the new and evolving business needs of out-of-town investors, landlords and occupiers at a remarkable time for the sector.
During the period, the Xprop teams have transacted on over £400 million of investment deals and have completed on approaching 200 agency contracts since its launch last November, making it an incredibly busy and expansive period for the company.
On the investment team side, Xprop’s Y1 deal volume is approaching half a billion pounds with a total transactional volume of £410.3 million across 28 deals, including investments in Durham City Retail Park (Colombia Threadneedle); Templars Shopping Park, Oxford (Federated Hermes); Asda & Currys, Rochdale (Realty Income Corporation).
Mark Powell, Partner – Investment at Xprop, commented: “Since Xprop started trading a year ago, the out-of-town market has been stress-tested like never before. Although some retailers traded as ‘essential’ during the pandemic, there has been positive feedback from a good number of those which were forced to close, producing some impressive footfall figures since reopening, up on pre-pandemic levels in many instances.
“This has bred confidence in the out-of-town market and we are looking forward to helping our clients capitalise on this dynamic and resilient sub-sector as XPROP moves into its second year.”