Christie Group PLC Christie & Co Launch New Buyer Registration Index
27 July 2020 - 4:00PM
RNS Non-Regulatory
TIDMCTG
Christie Group PLC
27 July 2020
27 July 2020
Christie Group plc
("Christie Group" or the "Company")
Christie & Co's new Buyer Registration Index shows a 70%
increase in buyer website registrations since the initial easing of
lockdown restrictions
Christie Group plc (CTG.L), the leading provider of Professional
& Financial Services and Stock & Inventory Systems &
Services to the hospitality, leisure, healthcare, medical,
childcare & education and retail sectors, is pleased to
announce that Christie & Co, its specialist provider of agency
and advisory services, has launched the first edition of a new
Buyer Registration Index. The data which is derived from front end
buyer activity on Christie & Co's website, provides a real time
indicator of new buyer interest in the care, medical, child
centric, hotel, hospitality, specialist retail and leisure sectors.
For additional context relative to the UK's transition out of the
nationwide lockdown, the results
http://www.rns-pdf.londonstockexchange.com/rns/0689U_1-2020-7-24.pdf
are overlaid against vehicle traffic data.
Despite the challenges of the last quarter, the Index shows a
positive correlation between website derived new buyer activity and
vehicle traffic movements. These have grown by 70% and 89%,
respectively, since 27th April.
With the recent easing of lockdown restrictions across the
hotel, hospitality, leisure and non essential retail sectors, we
expect this general trajectory of increased activity to be
maintained, particularly as banks begin to more actively focus on
new lending.
The percentage increase in new buyer website registration
activity from the 27th April to the 22nd June, by sector, are as
follows:
-- Child Centric: 140%
-- Leisure/Development 89%
-- Hotels: 84%
-- Restaurants: 67%
-- Retail: 65%
-- Pubs: 64%
-- Care: 58%
-- Medical: 57%
Darren Bond, Global Managing Director of Christie & Co
comments, "Despite the enormous economic and health challenges
associated with the Covid-19 pandemic, it is very encouraging to
note this positive increase in new buyer activity for opportunities
in Christie & Co's sectors. The data demonstrates the
resilience of the sectors and, with many being 'needs driven', the
appetite for investment is strong, whether from those within the
sector or new entrants. It is also important to note the nuances
associated with specific sectors with care and medical, for
example, remaining very active but with transactions being
concluded to a wide range of buyers who are already well known to
Christie &Co, as existing operators or investors as opposed to
new entrants, resulting in lower new buyer registration
activity."
Mike Hodges, Managing Director within Christie & Co's
Consultancy division adds, "The new index was launched following
requests from investors, operators and banks for guidance on the
extent of buyer appetite and liquidity relative to the specialist
sectors which Christie & Co operates within. With our business
transacting a high proportion of deals across all our specialist
sectors, we realised that our front end KPI's provide a unique
indicator of activity and sentiment at a time when there is a
relative lack of evidence involving completed deals since the
lockdown. We will be very pleased to engage with operators,
investors and lenders who would like to chat through the trends in
further detail."
Enquiries:
Christie Group plc
Darren Bond
Christie & Co Global Managing Director 020 7227 0771
Mike Hodges
Christie & Co Managing Director- Care Consultancy sector 020
7227 0784
Charlotte French
Company Secretary 01908 920594
Shore Capital
Antonio Bossi
Nominated Advisor and Broker 020 7408 4090
Notes to Editors:
Christie Group plc, quoted on AIM, is a leading professional
business services group with 43 offices across the UK, Europe and
Canada, catering to its specialist markets in the hospitality,
leisure, healthcare, medical, childcare & education and retail
sectors.
Christie Group operates in two complementary business divisions:
Professional & Financial Services (PFS) and Stock &
Inventory Systems & Services (SISS). These divisions trade
under the brand names: PFS - Christie & Co, Pinders, Christie
Finance and Christie Insurance: SISS - Orridge, Venners and
Vennersys.
Tracing its origins back to 1846, the Group has a
long-established reputation for offering essential services to
client companies in agency, valuation services, investment,
consultancy, project management, multi-functional trading systems
and online ticketing services, stock audit and inventory
management. The diversity of these services provides a natural
balance to the Group's core agency business.
For more information, please go to www.christiegroup.com.
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END
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