The Property Pedallers
Tandem Real Estate offers succinct, accurate and intelligent advice to power your property business, helping you to move more quickly through the gears.
Find your extra gear
In business as in life, ambition, determination, and hard work can get you a long way, but with the support of an experienced and all-round skilled team, you can get further, faster and with fewer hitches.
Tandem Real Estate is built on this ‘all for the team’ mentality and is right behind you, providing support, technical expertise, and wide-ranging experience.
Co-founders, Andrew Taylor and Andrew McDonald call on more than 40 years combined experience of property investment brokerage, development consultancy, property valuation and occupational agency, working with pension funds, property companies and high net worth individuals.
Our reach in the agency market is exceptional, allowing us to match you with quality property investments that suit your requirements. We appreciate that you are busy and will not distract you with inappropriate deals. We will, however, match you with the best of investment opportunities backed-up with value-add at each touch-point and interaction.
Tandem Real Estate represents a comprehensive 'full package' property consultancy service, placing a high value on integrity, transparency and propriety. We believe these core values form the best teams and produce the best results.
Our Business Sectors
01.
Retail & Leisure
02.
Automotive
03.
Offices
04.
Hotels
Property Experts in
RETAIL & LEISURE
The Tandem Team
The Tandem Real Estate team combines over 40 years of property consultancy experience, gained at a range of consultancies and across a wide spectrum of property classes
Andrew McDonald
MRICS
"Throughout my career, I've held a belief that successful and robust business is the product of close working relationships established through open communications, honesty and mutual trust.
This is a belief I've carried through my surveying career which I started as a London retail consultant for Churston Heard (now part of JLL) some 25 years ago.
From there, I grew my investment and development consultancy experience with other notable practices, including; Strutt & Parker, Nelson Bakewell and CWM, where I was a Partner of the 'In Town Investment' business. I have experience of a wide variety of property asset classes, including occupational agency along numerous UK high streets and major shopping centres, mixed-use investment, development consultancy and high street property investment brokerage.
When not busy at work or spending time with my young family, I can usually be found deep in the Surrey Downs on my motorbike or in one of the many fine country pubs after a day on the trails with my two mad Springer Spaniels!*
Andrew Taylor
MRICS
"I've advised and executed deals in the UK commercial property market for the past 20 years as a Chartered Surveyor and property consultant.
My career started in general practice at Glenny before progressing to advising investors, firstly with Slade & Co and then as a Partner at HSM. From there, I continued to develop my expertise and experience across all main property sectors, including office, industrial, retail, leisure and hotel property. I provide investment sale and acquisition advice to a wide range of clients, namely pension funds, property companies, family offices and high net worth individuals.
At home I am kept busy by my two daughters and their new puppy but when time permits I enjoy golf, tennis and of course cycling, particularly when there’s a decent watering hole en route!"
WHAT PEOPLE SAY
"I’ve known both of the Andrews for 20 years, having worked alongside and against them on a variety of transactions and longer term projects over the years. They were always trustworthy, impartial and able to provide knowledgeable advice. I would be happy to rely on their professional advice again.”
Andrew Inglis, Fund Manager, Structadene
Track Record
The Directors of Tandem Real Estate have executed a wide range of property transactions across multiple asset classes. A selection of which are highlighted below:
COVENT GARDEN
30/32 Neal Street, London WC2
SALE
Acting on behalf of Aberdeen Standard, this prime Covent Garden freehold investment was sold to Shaftesbury Plc, the owners of the Seven Dials Estate in Covent Garden after a comprehensive marketing campaign. The building is single let to the retailer, Schuh. It provides a mix of retail over basement, ground and first floors with the second and third floor comprising warehouse type offices, potentially suitable for conversion to high value residential. The sale completed at £16 million / 3.81% Net Initial Yield.
SOUTHEND,
ESSEX
The Kursaal Centre, Southend on Sea
ACQUISITION
Acting on behalf of AEW UK Core Property Fund, this long leasehold investment was acquired for £7.14 million / 10.75% Net Initial Yield. The Kursaal is an iconic 'leisure box', located on the seafront in Southend and provides 145,000 sq ft of total floor space. The purchase price reflected a low overall capital value of £50 psf and offers longer term potential for conversion into alternative uses. In the shorter term an energetic marketing campaign will increase the running yield on the investment.
BRIGHTON,
SUSSEX
Poundland, Western Road, Brighton
SALE
Acting on behalf of Aberdeen Standard, this freehold investment in central Brighton was sold to a local property company for £4.85 million / 5.71% Net Initial Yield. The premises were leased in their entirety to Poundland with much of the upper floors unused and unwanted by the tenant. This offered future lease regear potential to take back the upper levels for change of use to high value residential.
COVENT GARDEN
Neal Street Portfolio, London WC2
ACQUISITION
Acting on behalf of Shaftesbury Plc this portfolio of six retail units in the northern section of Neal Street was acquired for £24.6 million after two years of negotiations with an Institutional freeholder. The shops form an integral part of the Seven Dials area of which Shaftesbury are majority freeholder and provide asset management potential including unit amalgamation and improving tenant profile.
SHOREDITCH,
LONDON
Waterson Street, Shoreditch, London E2
ACQUISITION
Acting on behalf of Nuveen Real Estate, this freehold block of 17 residential units was acquired in an off market transaction for £8.4 million / 4.35%. The residential block is located in the high-value, high-growth Shoreditch area of London offering potential for both increases in rental and capital values.
ASHFORD,
KENT
Sainsbury’s, Simone Weil Ave, Ashford
ACQUISITION
This large superstore was acquired off-market for NFU Mutual as a sale and lease back for approximately £78 million. The property comprises approximately 150,000 sq ft along with a petrol filling station and had recently undergone a comprehensive refurbishment. The investment benefited from a 25 year term certain with RPI linked rent reviews. The asset was subsequently sold to Supermarket Income REIT.
EXETER,
DEVON
Jury’s Inn, Western Way, Exeter
ACQUISITION
Acting on behalf of LaSalle Investment Management, this prime hotel investment was acquired in an off-market transaction for £16 million. The lease benefited from a term certain of 29 years with rent reviews linked to uncapped RPI. The hotel provides 4 Star accommodation and occupies a prominent position in central Exeter.
STAINES,
SURREY
Flow, The Causeway, Staines-Upon-Thames
ACQUISITION
This newly constructed office was acquired for NFU Mutual for £38 million. The property comprises approximately 64,000 sq ft of Grade A accommodation and was single let to the 5A1 covenant of VMWare for 10 years term certain. The property occupies a prime position in Staines with easy access to both the town centre and the M25.
WARWICK
Globe House, Warwick Business Park
ACQUISITION
This business park office investment was acquired for CCLA for £7.75 million / 7.48%. The property was single let to IBM for a further 8 years and part fitted out as a data-centre from which the NHS pay roll is run. The investment offered the opportunity to capture an uplift in rent at the next review.
Some of our clients
We offer 3D VR Property Scanning services
Using our in-house state of the art prop tech cameras, we are able to provide clients with high resolution 3D virtual reality scans of their property assets. Our property scanning service can assist with:
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Property Marketing
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Portfolio Management
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Property Management
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Facilities Management
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Schedules of Condition
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Project Management
Contact
Based in Mayfair, London W1, we are always available for a coffee and a chat. Please get in touch.
andrew mcdonald
BSc (Hons) MRICS
Director
andrew taylor
BSc (Hons) MRICS
Director
