Savills have just been instructed by The Gym Group to advise on a potential 50 new sites this year.

The group opened just 4 gyms in 2023 after a record opening of 22 in 2022.

Leisure sites are increasingly difficult to attain but is the space too saturated?

Most SaaS firms fail in the property market simply for having a terrible UI.

I know countless directors who have chosen one application over another simply for looking ugly - even though it lacks on the important aspects.

The drive thru property market is relentless.

Popeyes UK just opened their 11th store of the year and announced they’ve topped £100 million in annual sales.

The ‘Americanisation’ of our retail sector is perhaps one of the biggest driving points for potential growth right now.

Canary wharf and the city are of course the epicentre of finance guys in London.

But where is the epicentre of real estate guys?

I’m going with the West End.

You can always separate good proptech companies from great ones based on whether they automate a pricing brochure on enquiry or not.

Too many firms have potential clients waiting 24 hours for someone to come back to them with some form of pricing.

The three biggest retail deals of 2024 so far have all been related to former Debenhams stores.

Compton House, Liverpool has been let to Sports Direct.

Newcastle City Centres 52,000sqft unit to Next.

Birminghams Bullring flagship store has been repurposed to Zara.

Wow.

Ever heard of a family office?

This basically gives you an overview

A friend of mine has just completed his 5th year in residential property management.

I’m not kidding when I think residential management is one of the toughest jobs in real estate.

Office jobs which involve acting as a middle man between two people or businesses are 100% more stressful than manual labour btw

Going back to my last tweet, the UK leading the most failed real estate deals than all of western Europe combined is extremely worrying.

A record high of pulled deals since 2016 has occurred in Q1 2024.

54 deals fell out of bed in the first three months of the year according to MSCI Real Assets.

The UK is now leading the rest of europe for the most failed real estate deals - with Europe totalling 42 altogether.

One property management issue that is HUGE for residential but quite minor for commercial -

Damp.

Rising damp, mould and condensation is a massive problem for landlords. It’s costly and hard to upkeep.

No one gives a f*ck about damp in a 10,000sqft warehouse.

A pretty good little thread on the most amount of commission you’ve seen someone earn in real estate.

Personally, I’ve seen a 40 year old guy run £15 million through a 3 man agency team in a single year

Is there any better market for land parcelling than the UK?

Land banking in our country has and always will be a highly contested market

I’ve said this a few times but the absolute best tenants are dentists.

No two ways about it, everything from the covenant to the terms are brilliant with 99% of dentists.

If you get the chance to buy an investment to dentistry, bite their hand off.

The real estate market is not in an apocalyptic downturn like most would convince you.

It’s literally just a stagnation of the manic prices we seen in 2021 and 2022

Fun fact: it’s not off-market if I can find it on Rightmove, Zoopla or Google

JD Sports are set to purchase US based outdoor retailer for £878 million pounds ($1b).

Adding 1,000 stores to JD and boosting revenues by £3.7 billion.

I genuinely think there’s a market for JD in the USA and we’ll see them toy with running it.

Estate agents massively overlook the importance of local SEO.

Local agents are saturated as hell in residential and most sellers jump to google and hit the first name they see.

Don’t under invest in your SEO.

What is one tenant business which never seems to fail?

I’m going with dentists.