I am delighted to have taken on the Chairmanship of the Industrial Agents Society. I would like to thank the outgoing Chairman, Peter Freeman for all of his hard work in the role over the last two years and wish him all the best for his new role with Melcombe Partners.
This is undoubtedly a very challenging period for the commercial property industry, constrained by the restrictions in place across the UK due to the Coronavirus. In these difficult times the industrial sector stands out as one of the most robust asset classes with record take up seen so far this year. The Industrial Agents Society remains committed to the growth of our sector and providing our members with support.
Building relationships and sharing knowledge has always been at the heart of the IAS, typically enjoyed over a glass or two, at one of the many events that embody the culture of our industry. Sadly the IAS calendar has seen numerous cancellations this year and we have taken the decision to postpone the Conference until 2022. We all hope for a return to normality next year and are working closely with venues, suppliers and sponsors to ensure that once restrictions are lifted we can get back together and again enjoy the social aspect of our profession. We will again support Kidney Research UK as our annual charity in 2021, when we hope that our revenue levels will return to normal and we will be able to provide a charitable donation of which our members can be proud.
Our sector benefitted greatly as retail moved online, this year we have had to adjust as meetings and building launches being held over the internet. Even the IAS Awards, had to move from Mayfair to mobiles, as we ran our first ever virtual event. With ever increasing improvements in technology the IAS is working ensure that we provide our members with value for money and the most appropriate platform for issuing and responding to requirements, as well as marketing properties to the membership. We are looking to make further improvements in this area next year.
We fully appreciate that whilst the sector has performed strongly, there are significant headwinds for commercial property and some businesses looking to reduce cost across the board. For those members impacted by redundancy, furlough or the job retention scheme, we will defer subscription renewals for up to three months. We have also introduced a Vacancies page on the IAS website, so that those companies with roles to fill have the opportunity to promote these positions to the membership.
As we move into the final quarter, I wish you all the best for a strong close to 2020 and hope that the New Year will see things return to normal where we can all meet up once again.
Please continue to stay safe and well.
Chairman of the Industrial Agents Society