JLL UK

The UK retail market started the year with a renewed sense of optimism. While initial signs were encouraging, with retail sales, consumer confidence and economic growth all in positive territory, recent indicators have been more mixed, and investment volumes remain below trend. However, as we approach the final quarter, there are real signs that an inflexion point has been reached. For consumers, inflation is at the Bank of England’s 2% target (albeit upward pressures remain), interest rates are on a downward curve, cost-of-living pressures are moderating, confidence levels recovered post-election, and consumer demand and retail sales look set to rebound. The improving consumer backdrop is positive for occupiers and investors, and should stimulate the retail market in the months ahead. For occupiers, after a lengthy period of rent rebasing and portfolio rightsizing, retail occupier markets have stabilised and are now in a growth period, with demand resilient and broad-based. Many retailers are now well-positioned to benefit from sales growth, and are back on the expansion trail, albeit selectively. The investment market should also benefit from gradually increasing activity, as more investors seek to take advantage of the rebasing of real estate prices, and greater levels of stock on the market. Retail fundamentals appear strong in many markets, creating a powerful case for real estate investors to target the sector. The tide has finally turned, and a new era for the right type of retail has arrived read more here: https://lnkd.in/eRDRCyUB Colin Burnet Jonathan Heptonstall Tim Vallance #RetailRevival #CRE #RetailTrends #CREInsights #JLLRetail

Last week, we hosted our flagship Envision: Science Innovates event at the Wellcome Collection, where we discussed the most pertinent issues impacting not only the Life Sciences sector but also the broader knowledge economy. Covering topics including knowledge Economies on the global stage, Innovation Geographies, Raising Capital in UK Biotech and Policy to execution: Partnerships and collaboration, with panellists highlighting their insights outside of the issues facing real estate alone. A huge thank you to all our panellists and guests for making the morning a memorable one. Want to know more about the sector but unable to join us? We will be releasing the recordings soon so watch out for more information! Or why not reach out to a member of the team now: https://lnkd.in/ed9MaRAe

We would like to extend our sincere thanks to all who attended our JLL Wales Market Insights event last week at the Parkgate Hotel. Your presence and engagement were greatly appreciated. In light of the current information-dense environment, our goal was to navigate through the complexities and highlight key themes, growth areas, and opportunities. During our concise 45-minute session, we addressed several crucial topics: Flight to quality ESG Coffee shop culture Viability assessments Strategic partnerships Power and infrastructure developments We are particularly grateful to our esteemed panel members: Justin Millett, Rhydian Morris, Kate Openshaw, Stuart Munro, and Vincenzo Cacioppo. Additionally, we extend our appreciation to Elaine Rossall from our research team for her valuable contributions. We trust that the session provided valuable insights, and we look forward to continuing these important discussions in the future. #JLLMarketInsights #WelshRealEstate #SeeABrighterWay

Reflecting on an incredible EmpowHER event What an inspiring day of growth, connection, and empowerment! We're thrilled to have brought together over 120 brilliant women from JLL, our clients, and partners for this transformative experience hosted in Water St earlier this week. From Amanda Scott's insights on personal boardrooms to Jan Gooding's powerful message on rising together, each session provided valuable tools for breaking barriers and advancing careers. Key takeaways: • Harnessing our strengths for career progression • Exploring board potential and representation • Examining the tools to support your mental health • Catalysing change in our professional spheres A huge thank you to our amazing speakers, attendees, and everyone who made EmpowHER a resounding success. The energy and connections forged will undoubtedly propel us forward. This is just the beginning – let's continue to support, inspire, and elevate each other in our professional journeys. Amanda Scott, Gaby Hunter, Fiona Hathorn, Meg Taylor, Jan Gooding, Aisling Ahern, Ana Gorriti, Harriet Lunney, Stephanie Hyde, Nashunda Jewels Williams #EmpowHER #WomenEmpowerment #CareerGrowth #JLLCommunity

Following a two-year, industry-wide collaborative effort, it’s exciting to see the UK Net Zero Carbon Building Standard (NZCBS) launch its pilot phase.  With current retrofit rates across the country well below what is needed to hit the UK’s net zero by 2050 commitment, the standardised requirements to decarbonise buildings is welcomed.  Great to see crossovers with the SBTI’s building sector guidance, with the proposal of science-based decarbonisation pathways covering operational carbon and embodied carbon, as well as an on-site fossil fuel ban. The standard even goes further and suggests limits on energy use and minimum on-site generation capacity on new builds. This link to global frameworks is key as the whole building approach will support common goals between investors and occupiers. With over 56msqft of UK office space leased by occupiers with SBTs, we hope this alignment will support the landlord / occupier engagement needed to decarbonise these spaces and achieve of these targets. The standard’s pilot phase is scheduled to start late 2024, and the scheme is currently seeking applications for buildings to be used in the testing of the requirements. We call on our client and peer community to take part to help shape this important guidance. It is expected that once the standard is finalised, other voluntary local schemes will be updated to align with the UK NZCBS, such as the UKGBC NZC framework, LETI’s Climate Emergency Design Guide etc. 

Congratulations to our Hammerson Property Management Team for winning the Tremendous Team category in our One JLL Awards. They demonstrated a standout team contribution that encompasses JLL core values. 🏆

JLL returns to UKREiiF for the fourth year! Join us as we explore ways to boost investments and pioneer sustainable solutions across the UK. Check out our 2024 highlights here - https://lnkd.in/edGidREr

This month's Planning Insights Bulletin highlights key developments: 1. NPPF Consultation: UK Government seeks input on revisions to sustainable development principles in Paragraph 11. 2. Office Conversion Opportunities: Recent Inspector's ruling clarifies permitted development rights, potentially expanding office-to-residential conversions. 3. Energy Efficiency Challenge Dismissed: High Court rejects campaign groups' challenge to ministerial statement on environmental principles. 4. BREEAM NC v7 Preview: Our team's analysis of the draft guidance for the upcoming BREEAM New Construction Version 7. Stay informed on these crucial planning updates. Check out the full article here -  https://lnkd.in/enAFVDaC #Planning #RealEstate #BREEAM #NPPF #Office Raoul Veevers Joanna Gabrilatsou Matthew Ramsay Joseph Blick MRTPI Rachel Streeter Yvette Black

Tune in to hear Sarah Haywood , Managing Director of Advanced Oxford, as she debates the opportunities and challenges for the knowledge economy sector in Oxfordshire with Chris Walters, Head of UK Life Sciences https://co.jll/3N5tCd8 #Innovation #Oxfordshire #AdvancedOxford

As Black History Month begins, JLL will reflect on its significance and our organisation’s commitment to diversity, equity and inclusion. This period serves as a powerful reminder to acknowledge and celebrate Black culture, both within our organisation and the broader community. Our Race for Change Business Resource Group works year-round to curate inspiring programmes to educate, challenge and inspire colleagues across JLL, as we strive for race equity. Today, we kicked off with a welcome mixer at our Warwick Street office. Colleagues started their day with a delicious breakfast and had the chance to learn about our Race for Change Business Resource Group and get a first look at the exciting line up of activities and events planned throughout the month – from our 'Let's Talk Race' sessions, workshop exploring Black women's equality struggle in Britain, education on race narratives, and many more! Join us in celebrating the history, culture, achievements, and resilience of the Black community! #BlackHistoryMonth