Property Focus: The Interview – Andrew Darke

How difficult is it to operate in the property sector at this time?
By all accounts, the property sector is still a challenging industry to operate in.
Likewise, in the niche property healthcare market it is still tough, and changes are taking place within the wider healthcare sector that will make it harder still.
However, having said that, the trend for redeveloping new primary care property hasn’t abated, with high specification, modern facilities increasingly expected as standard by today’s society. The UK’s rising elderly population is having an impact, also.
Looking into your crystal ball, what are your predictions for the industry over the coming months?
The property market will continue to be challenging in the regions, with the economy still struggling to achieve growth. The outlook does differ, however, between sectors – the industrial property market seems to be steadily improving, for example, while secondary office and retail property is likely to see its recent woes continuing.
In terms of the market for primary care property, I expect that the healthcare changes due to be implemented over the next few years will mean that activity will reduce. However, it will be a hiatus rather than a cessation.
The healthcare sector differs from the general commercial property market in that what we provide is driven by necessity.
If you could improve anything in the region what would it be?
I don’t think I would change anything, actually. Primary Care Trusts in the North West have been among the most prolific in being forward-thinking and providing for the future with fit-for-purpose primary health facilities that will serve the community for years to come.
How does the North West commercial property compare to other regions in the UK?
The North West property sector is faring slightly better, but is still having difficulties. The region is fortunate that it is home to a number of the UK’s most talented and active developers, who have driven forward regeneration projects despite the dearth in funding and challenging operating environment.
What is the best project you’ve been involved in?
We recently completed a scheme in Grimsby called Freshney Green, which I am particularly proud of. The project was selected by local stakeholders and end users and commissioned as part of the 10 year Care Trust Plus Estates Strategy, which has helped to transform primary healthcare throughout North East Lincolnshire.
The building itself includes rainwater harvesting and solar panels, and was designed in response to the long-term vision of the GP practices involved in the project, and who were incredibly committed to improving the range and quality of services to patients.
Name the person who has most inspired you and the one who has had the biggest influence on your career.
During my time working at the District Valuers office my then boss, Alan Gibbons, taught me the importance of always being professional and completing work to the highest standard.
I can’t recall anyone in particular that has influenced my career as such, although I do particularly admire Margaret Thatcher for her straight-talking approach and the fact that she’s not afraid of hard work, although I realise that could be a bit of a controversial answer!
What are the best and worst pieces of advice you’ve been given?
The best advice I’ve been given would have to be ‘Don’t squeeze the pips out of a deal.’ I don’t recall any bad advice, fortunately!