Covid-19 UpdateApril 2020

Graeme Donaldson Commercial and Industrial Specialist

We advise that as of the 28th April MB Cook will reopen for business but in doing so will be adhering to the government guidelines set out under Alert Level 3 for the protection of both our clients and our team. In the meantime we remain available on our respective mobile numbers.

Under this alert level we can list and show properties with the proviso of some strict controls in place. Advice around these controls will be discussed on a case by case basis.

Moving forward

Our first three weeks of lockdown saw next to no purchase or tenant enquiry. Any discussions were very much focused on rent relief or abatement albeit only for the initial lock down period. I have to say it was pleasing to see many of our landlords and tenants (some of whom seldom communicate) getting together to come up with a package that ensured landlords’ mortgage and opex payments could be met whilst also ensuring tenants could see light at the end of the tunnel.

Moving forward from three weeks

This last week has seen movement coming back into the market. Enquiries, perhaps not to the same level as pre Covit-19 but certainly getting up there, are coming through from tenants and potential purchasers across all sectors of the market. Tenants approaching the end of their leases are reassessing and may be seeking a larger footprint to accommodate an increase in business or those seeing the efficiency of having staff working from home are mulling downsizing. Activity in Canterbury is in stark contrast to that which the media is portraying. (That being said, we Cantabrians already know the value of resilience.)

Where to from here?

Times have changed and the new norm has yet to be established. There is still money sitting in banks around the country looking for a new home. Those with leases coming to an end have been prompted by Covid and the lull to weigh up their options going forward.

The market is the market and although we feel isolated we are really just part of the big picture.

Looking to sell your property or have a lease coming to an end? Perhaps now is the time to discuss your options with the team at MB Cook. We look forward to assisting you with your Commercial property options and decisions going forward.

Stay safe!

The value of real local knowledge.

The value of proven results.

MB Cook is Canterbury’s most established commercial and industrial real estate specialist. Our proven performance is underpinned by close to a century of experience and results.

At MB Cook we deliver the best possible outcome for owners and tenants in the commercial and industrial property sales and leasing market. We achieve this by working hard, tailoring our approach and negotiating prudently.

We are proud of our history, proud of our track record, and proud to be known as successful local specialists.

The value of a company
with ethics.

Our understanding of the commercial and industrial property market and our commitment to genuine service has set us apart since the beginning of the business in 1928. Working honestly and developing long-term relationships is what our reputation is built on.

Delivering true value is our focus. We partner with our clients to understand their needs, provide honest advice and feedback, and to secure the best deals and outcomes.

  • Understanding the market
  • Understanding your needs
  • Providing honest advice and feedback
  • Securing the best deals and outcomes