2014-12-31-莱坊-Automotive_Capital_Markets_2015_16_6页_514kb

The automotive capital markets saw marked growth in 2015/16, characterized by strong investment activity, capital value increases of approximately 50% since 2010, and heightened occupier demand. Key drivers include rising car registrations, improved dealer profitability (20% increase in returns since 2012), and consolidation in the dealer sector, which enhanced investor returns through stronger covenants. Sub-sectors like car dealerships accounted for over 50% of investments, benefiting from long-term leases and RPI-linked uplifts. Investors were drawn to the sector's stable income, diversification opportunities, and attractive yields (e.g., prime yields at 4.5%) compared to other property markets. A record £650 million in deals was expected for the year-end, with continued demand from UK funds, private equity, and overseas buyers, fueling further transactions and potential landscape changes through major acquisitions.