Nick Turk | Colliers International | Bristol

Nick Turk

MRICS

Director

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About

Professional Summary

Nick has worked in the property industry for over 25 years dealing with a wide variety of property types and sectors such as retail parks, cash and carry, restaurants, supermarkets and offices. Nick is a specialist in all aspects of Asset Management for a variety of clients and concentrates predominately on the Retail Park market doing rent reviews, lease renewals and re-gears as well new leases.

Nick has had a variety of leadership roles within Colliers leading the Lease Advisory team for 5 years, the Retail - Out of Town team for 3 years and the Retail division on an interim basis for nearly 2 years.  

As well as professional work, Nick’s experience as an officer in the Gurkhas taught the importance of leadership by example and leading retail teams within the UK has provided that opportunity to make a difference. Nick is happiest talking to clients, understanding their business and looking to help them be more successful. 

Accomplishments

Head of Retail Division – In an interim role Nick was asked to run the retail function for Colliers whilst the firm looked to buy a niche retail company. This role lasted for nearly two years and was focussed keeping the team together whilst improving profitability.

Expert Witness – Nick regularly acts as an expert witness in formal submissions to Arbitrators and Independent Experts. He also has experience of the court procedure in lease renewals and has advised both landlords and tenants in conjunction with clients’ solicitors and barristers.

Asset management – As rent reviews become less common and many properties are over rented, the relationship between landlord and tenants is set to become more collaborative and less adversarial. Nick has taken advantage of this trend by agreeing a number of lease re-gears and extending leases.

Booker Cash and Carry – Nick has been the client manager for over 10 years providing all estate management services and rent reviews in particular, and was brought in at an early and confidential stage to help in the purchase of the Makro business co-ordinating the initial valuation and thereafter creating value out of the purchase.

Thought leadership, TV and radio – Nick has provided a number of TV and radio interviews for the BBC in the south-west on the back of magazine articles about retail and its future in an internet dominated world.

Snow'n'Rock – Nick provided the property valuation and rent review advice in the MBO with LGV. Co-ordinating that advice in a tight time frame for bank funding, provided advice on future rental levels as well as investment sales.

University of Bristol - Nick provides asset management, rent review, investment and acquisition advice to the University on its estate in Bristol, and has undertaken this role for 13 years.

Education

Sevenoaks School

University of the West of England

Royal Military Academy Sandhurst

Membership Involvements

MRICS - Member of the Royal Institution of Chartered Surveyors

Clients

On the landlord side, Nick works for a variety of the major funds and institutions including Aberdeen Standard Asset Management, Aviva Investors, BMO Real Estate Partners and Threadneedle AM and DTZi, along with a range of property companies - from the very largest, such as Land Securities and Patrizia, to smaller, privately owned vehicles and high net worth individuals.

On the tenant side, Nick has acted for retailers such as Carphone Warehouse, Costa and B&Q as well Booker and the University of Bristol.

Services

Skills
Lease Advisory
Service Lines
Valuation & Advisory Services
Property Types
Retail
Featured Research
26 Jun 2019
Midsummer Retail Report 2019
After an unprecedented year of turmoil, the UK retail sector and the property market that it supports is having to reinvent itself.
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23 May 2018
Midsummer Retail Report 2018
When a market becomes as dislocated as UK retail property currently is, you have to look beyond the standard property metrics to see what is happening.
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Featured News
24 Nov 2018
Record Black Friday sales expected despite brand and buyer fatigue
Internet sales as a percentage of total retail sales will most likely break through the 20 per cent for the first time ever this November, according to research by global real estate advisor Colliers International.
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29 Sep 2018
How the Homebase debacle highlights hidden retail malaise
Problems at Homebase have underlined weaknesses that precipitated some retailer collapses
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25 Jul 2018
South West shoppers show there is still hope for the High Street
Bristol’s Gloucester Road and North Street demonstrate popularity of local shopping
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28 Jun 2018
South West retail expert calls for outlet style leases to help revive retail
Lease features common in factory outlet destinations could help retailers and landlords
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