Richard Coombs

Richard Coombs

B.Sc (Hons), MRICS

Director

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About

Professional Summary

Richard Coombs is a Director in the UK National Investment team with particular responsibility for investment in the South West. His specialist area is business space although he also provides advice to clients across all major sectors of the market.  Richard has advised clients such as Aviva Investors, Patrizia, Mayfair Capital, Aberdeen Standard Investments, Columbia Threadneedle Investments and Castleforge Partners for more than 25 years in the acquisition, sale and funding of investment property.

Accomplishments

Richard has a BSc Hons from Oxford Polytechnic and has been a Member of the Royal Institution of Chartered Surveyors for more than 30 years. Having started his career in London in 1987 with Hillier Parker he moved to Bristol in 1999 as a Partner in Donaldsons before heading up Chesterton's Bristol office in 2003. Richard joined Colliers in 2004 and is now a Director in the UK National Investment Team with responsibility for the South West region.

Education

BSC (Hons) in Estate Management. Oxford Polytechnic 1984 - 1987. Qualified as a Chartered Surveyor in 1990.

Memberships & Involvements

MRICS

Clients

Aviva Investors, Patrizia, Aberdeen Standard Investments, Columbia Threadneedle Investments, Mayfair Capital, Castleforge Partners, Scotsgrove, Swindon Borough Council and Knight Frank Investors.

Testimonials

 

From Jamie Horton - Portfolio Manager - Standard Life Investments.

Freshford House and WCA House, Redcliffe Way, Bristol:

Richard advised UK Commercial Property Trust c/o Standard Life Investments on the recent sale of two adjoining office buildings within Bristol city centre. The properties were let with a short unexpired term and following extensive reporting and scenario analysis by Colliers into our various options including refurbishment, change of use and redevelopment, it was decided to sell the properties while maximising the remaining term certain for a potential buyer.  Despite a relatively short lease, Colliers negotiated a sale through a process of best bids to AEW and, working closely with the solicitors throughout, completed the deal on schedule.  The price achieved exceeded any other recent sale of an office in Bristol city centre with a comparable remaining term and was ahead of initial expectations. Colliers tackled the instruction with enthusiasm and a keen market insight throughout ”

 

From Anna Rule – Fund Manager – Aviva Investors. 

“Wincanton Premises, Garanor Way, Portbury, Bristol: 

Richard has advised Aviva Investors over many years on various sales and acquisitions and has established good long term relationships with a number of our fund managers, particularly for offices and industrial opportunities. 

 The above property was bought to us by Richard who identified this interesting opportunity which offered an attractive yield for an unexpired term certain of over six years.  The property is situated around half a mile from Junction 19 of the M5 motorway, six miles from the M4 /M5 interchange and is close to the Royal Portbury Dock making this one of the South West’s prime industrial/distribution locations.  With a site density of only 14%, the property has excellent yardage and provides long term redevelopment potential.  We are delighted with this acquisition which provides Aviva Investors with an attractive income return in excess of 8.25% with significant asset management opportunities for the future”.

Services

Skills
Disposal Advice, Portfolios, Transaction Services
Service Lines
National Capital Markets
Property Types
Industrial & Logistics, Retail
Featured Research
2 Mar 2020
End of Year Investment Report 2019 - 2020
Although 2019 was a year of economic and political uncertainty, commercial property investment held up reasonably well, as the outcome of the General Election in mid-December led to a surge in investment activity in the final weeks of last year.
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29 Jan 2020
Bristol Offices Snapshot Q4 2019
2019 saw new prime rents for both the in and out-of-town Bristol office markets.
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24 Oct 2019
Bristol Offices Snapshot Q3 2019
The lack of new supply coming to the market has seen vacancy rates in the city centre for Grade A remain at 1.3% and rents at £35 per sq ft.
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Featured News
12 Mar 2019
Carys Allen joins National Capital Markets team at Colliers International
UWE graduate joins Bristol office as a surveyor.
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31 Oct 2018
"Solid third quarter” for Bristol’s office market
In and out-of-town markets perform well in Q3 – with larger transactions completing
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17 Jul 2018
Prime Bristol office sold at 1 Rivergate
Prime Bristol city centre office building 1 Rivergate has been sold for a price in excess of £27.5 million by UK Commercial Property (UKCP) REIT, which is managed by Aberdeen Standard Investments.
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24 Jan 2018
Dominions House sold in £1.7 million deal
Detached office building sold as investment in deal brokered by Colliers International
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