DTZ Investors (DTZI) has completed the sale of a multi-let industrial and trade counter estate in Kingston upon Thames, southwest London, toMirastar/KKRJV for circa €45.5m (£38m). Fairfield Trade Park, which has a total floor area of 75,376ft², was sold by DTZI on behalf of the Plumbing Pension Fund to the JV managed by Mirastar, the leading pan-European developer, investor, and manager of logistics & industrial real estate assets.
The property, which contains six units, is currently fully let to tenants including Royal Mail, Howdens, and Magnet, with two 13,000 units becoming vacant in Q1-Q2 2022, which Mirastar plans to refurbish and bring to the market.
Sarah O’Brien, Director, DTZ Investors, said: “This disposal secures an excellent return for the Plumbing Pension Fund, having held the asset for nine years. Demand has soared for small-mid box, last-mile distribution and trade counter units within the M25, with access to major trunk roads and affluent conurbations. We wish Mirastar every success with the estate.”
Charles Howard, Partner, Logistics & Industrial, Cushman & Wakefield, said: “This transaction illustrates the considerable demand that exists for multi-let industrial assets, especially those in urban locations and with a stable tenant base. Investors are increasingly drawn to the London industrial and logistics sector, seeking to capitalise on the growing e-commerce-led demand for urban logistics, lack of stock and strong rental growth prospects, a trend we expect to continue throughout 2022.”
Leon Alvos, Principal, Mirastar, said: “This asset presents an excellent opportunity to grow our in-fill strategy while improving quality and ESG credentials of existing stock in supply constrained markets.”
John Adcock, Partner, DTRE, said: “This prime trade park is located within one of the most tightly supplied London Boroughs. We therefore expect the units which we are bringing to the market will experience very healthy occupier demand and that this acquisition will perform strongly for the Joint Venture.”
Homes in Liverpool and Manchester are the fastest selling in England, new data reveals.
While properties in the North West are seeing rapid average sales times, those in southern England, Wales and the Midlands are taking almost two weeks longer to sell than in 2022.
Across England, homes are on the market for an average of 34 days before securing a sale, figures from Zoopla claim.
Rapid sale: Homes in Liverpool and Manchester are selling quickly, Zoopla says
Homes in Salford, Basingstoke and Deane and Sheffield are also selling reasonably quickly, with an average timeframe of up to 24 days.
Waltham Forest is the only London borough to see homes selling faster than the national average for England, with sales agreed in around 24 days.
Two-bedroom terraced houses are the fastest selling property type in four in five regions, while four-bedroom homes are taking the longest to sell.
In London, pricey detached homes with four or more bedrooms are taking around 59 days to sell, the findings suggest.
In hotspots like the North West, the fastest selling type of property is the one-bedroom flat, taking 21 days on average to sell, and with prices around the £100,000 mark.
Meanwhile, four-bedroom homes in the North West are typically taking around 53 days to sell, with higher price tags at around £477,000.
In the North West and North East, the average home is between £72,000 to £125,000 less expensive than the national average, according to Zoopla.
Quick sale: New data suggests it only takes an average of 17 days to sell a home in Liverpool
Higher interest rates on mortgages and the rising cost of living have been causing some buyers to ponder for longer when it comes to property purchases.
Izabella Lubowiecka, a senior property researcher at Zoopla, said: ‘Over the last 12 months, the time to agree a sale has increased by almost two weeks.
‘This is due to a few factors: there are fewer buyers in the market alongside cost of living concerns and higher mortgage rates which has meant many have had to pause a search for their next home.
‘However, we are now simply seeing a return to more normal market conditions experienced in the years leading up to the pandemic.
‘Anyone thinking about selling should bear this in mind and be prepared that it may take longer to sell their property than in recent years.’
Choco: Revolutionizing The FoodTech Industry With Innovation & Sustainability | EU20
By Clint Bailey
— In the rapidly evolving world of food technology, European startup Choco has emerged as a pioneering force. With its website, Choco.com, this Berlin-based company is transforming the way food industry professionals operate by leveraging innovative digital solutions. By linking restaurants, distributors, suppliers, and producers on a single platform, Choco is streamlining the supply chain process while promoting sustainability.
Let’s explore the journey of Choco.com and its impact on the overall foodtech industry.
Company: Choco Technologies GmbH
Website: www.Choco.com
Head Office: Berlin, Germany
Year Established: 2018
Founders: Choco was co-founded by Daniel Khachab, Julian Hammer, and Rogerio da Silva.
Industry: Choco operates in the foodtech industry, specifically focusing on digitizing the supply chain for the food industry.
Funding: Choco has secured significant funding rounds from investors, including Bessemer Venture Partners & Coatue Management.
Market Presence: Choco has a strong presence in several European cities, including Berlin, Paris, London & Barcelona.
Mission: Choco aims to revolutionize the food industry by leveraging technology to simplify supply chain management, promote sustainability, and reduce food waste.
Simplifying Supply Chain Management
One of the core focuses of Choco is to simplify supply chain management for food businesses. Traditionally, the procurement process in the food industry has been cumbersome and inefficient, with numerous intermediaries and manual processes. Choco’s digital platform replaces the traditional paper-based ordering system, allowing restaurants and suppliers to communicate and collaborate seamlessly.
Choco’s platform enables restaurants to place orders directly with suppliers, eliminating the need for phone calls, faxes, or emails. This not only saves time but also reduces the likelihood of errors and miscommunications.
By digitizing the ordering process, Choco improves transparency, making it easier for restaurants to compare prices, track deliveries, and manage inventory efficiently.
Streamlining Operations For Suppliers & Producers
Choco’s impact extends beyond restaurants. The platform also provides suppliers and producers with valuable tools to streamline their operations. By digitizing their product catalogs and integrating them into the Choco platform, suppliers can showcase their offerings to a wide network of potential buyers.
Suppliers benefit from increased visibility, enabling them to reach new customers and expand their market presence. Moreover, Choco’s platform helps suppliers manage their inventory, track orders, and plan deliveries effectively. These features enhance operational efficiency, reduce waste, and ultimately contribute to a more sustainable food system.
https://youtube.com/@choco233
YouTube Channel
Promoting Sustainability & Reducing Food Waste
Choco recognizes the critical importance of sustainability in the food industry. According to the United Nations, approximately one-third of the world’s food production goes to waste each year. By digitizing the supply chain and enabling more efficient ordering and inventory management, Choco actively works to combat this issue.
Choco’s platform facilitates data-driven decision-making for restaurants, suppliers, and producers. By analyzing purchasing patterns & demand, Choco helps businesses optimize their inventory levels, reducing overstocking and minimizing food waste. Additionally, Choco supports local sourcing, enabling businesses to connect with nearby suppliers & promote sustainable, community-based practices.
Expanding Reach & Impact
Since its founding in 2018, Choco has experienced rapid growth and expansion. The startup has successfully secured significant funding rounds, allowing it to scale its operations and establish a strong presence across Europe and other global markets. Today, Choco’s platform is used by thousands of restaurants and suppliers, revolutionizing the way they operate.
Choco’s impact extends beyond operational efficiency or sustainability. By connecting restaurants, suppliers & producers on a single platform, Choco fosters collaboration & encourages the exchange of ideas. This collaborative approach strengthens the overall foodtech ecosystem and creates a supportive community of like-minded aiming to drive positive change within the industry.
Future Of FoodTech
Choco’s rise to prominence in the foodtech industry exemplifies the reach of sustainability, innovation, and community. Through its user-friendly platform, Choco simplifies supply chain management, streamlines operations for restaurants & suppliers, and actively promotes sustainable practices. By harnessing the potential of digital, Choco is disrupting the future of the food industry, making it more efficient and transparent.
As Choco continues to expand its impact and reach, its transformative influence on the foodtech sector is set to inspiring, grow other startups, and established players to embrace technology for a better and more sustainable food system.
We Can’t Thank You Enough For Your Support!
— Compiled by Clint Bailey | Team ‘Voice of EU’ — For More Info. & News Submissions: info@VoiceOfEU.com — For Anonymous News Submissions: press@VoiceOfEU.com
Want to sell your home over Christmas? Here’s why you should put the decorations AWAY
Across the country, a warm glow is beginning to appear — but might it be from Yuletide decorations destroying the chances of selling your home?
For some people the festive season involves inflatable Santas clinging to windowsills like burglars. Others prefer illuminated reindeers in the front garden.
But if you’re among the 100,000 households trying to sell this Christmas, the advice from many experts is to leave the lights in the garage and the plastic snowman in the loft.
Keep them in the garage: Over-the top decorations
Vendors must avoid anything that handicaps a sale in today’s difficult market.
Rightmove says the average asking price of homes across the UK coming to the market in November is 1.7 per cent down on October, while posh estate agency Savills reports some London prices are now 19 per cent below their peak.
And as buyers struggle to afford mortgages, the number of house sales nationwide this year is expected to be one million, according to Zoopla — or 20 per cent lower than usual.
The Your Move chain of estate agents is clear that decorations should be off the agenda, adding: ‘The key to potential buyers falling in love with a property is them being able to imagine themselves living there.
‘Piles of clutter and decorations make it harder. So make it easier for them by keeping spaces as open as possible.’
The key to potential buyers falling in love with a property is them being able to imagine themselves living there. Piles of clutter and decorations make it harder
The public seems to agree. A survey by GetAgent, a comparison site on which the public can find favourably reviewed estate agents, shows 24 per cent of would-be buyers say they’re deterred from viewing a home with excessive outdoor Christmas lights.
Colby Short, chief executive of GetAgent, advises: ‘Selling at Christmas is no different to any time of year and you have to remember that not everyone will share your tastes, or sense of humour.
‘A blank canvas works best when it comes to attracting potential buyers and if your home is covered in Christmas decorations, it can be hard for them to get a true sense of the property.’
Tasteful: Forget inflatable Santas and pick refined, calming colours if you’re hoping to sell a property this Christmas
Tips for selling a home over Christmas
GetAgent recommends sellers stick to white lights and not coloured, flashing ones visible on a ‘walk-by’ initial viewing, and no gaudy exterior decorations.
Instead it suggests a festive twist on the smell of freshly baked bread — vendors should use Christmas scents such as cinnamon and mulled wine.
Not every agent is against decorations. Some, like Alex Oliver of buying service Prime Purchase, says they are inevitable and most buyers grin and bear them.
Nonetheless he tells sellers that if they must have decorations, they should follow two golden rules.
Firstly, don’t get a home photographed by agents at this time of year because listings on Rightmove with decorations in the photographs will make a home feel stale in the New Year.
Secondly, take the decorations down soon after the festivities to avoid giving the wrong message.
‘If the decorations were still up I’d be concerned there may be other issues that the vendor has not kept on top of such as maintenance or permissions for any works they may have had done,’ Oliver adds.
But many experts say listing your house now and having it on sale over the festive season has unexpected advantages.
That’s because Christmas is when many families have time to make plans for major events such as house-moving and, sadly, many couples agree to split up.
Agents say anyone preferring to view homes now instead of relaxing is likely to be a serious buyer, while there will also be significantly fewer homes on the market too, so you will face less competition.
Twelve months ago there were a jaw-dropping 51 million visits to Rightmove between Boxing Day and the first working day of 2023.
Tim Bannister, Rightmove’s data director, says: ‘Traffic to our website more than doubles between Christmas and the New Year, those sellers who get a head start now and have their home ready to launch can benefit.’
