Office furniture
The office furniture market has seen
an upswing in demand for leasing, as companies seek more efficient
ways of acquiring equipment.
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JS Online, one of the UK’s largest independent
suppliers of office furniture, said it has seen demand for leasing
equipment from customers rise significantly.
The company, which leases anything from office
desks to ergonomic seating, recently started teaming up with Plus
Finance, a finance broker, to offer the solution to its
customers.
David Porter, general manager at Office
Furniture Leasing (OFL), another furniture lessor, agrees that
there has been a rise in demand.
“There is definitely a lot more interest from
customers. People are not wanting to lay out large sums to acquire
new furniture, so they are increasingly turning to leasing,” he
said, before adding that the rising demand is not specific to large
corporates.
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Medical scanners
According to the latest figures from
Espicom, a health care market information provider, the market for
diagnostic imaging equipment, or medical scanners, is set to grow
by nearly 7 percent in the UK this year, to reach £547 million
(€589 million). It is projected that the market will continue to
grow through 2013 to over £750 million
In the UK, the scanners tend to be imported
from the major players, which are: GE Healthcare, Hitachi Medical
Corporation, Philips Healthcare, Siemens Healthcare, Shimadzu
Medical Systems and Toshiba Medical Systems. Because medical
scanners can be very expensive, they are increasingly leased by
hospitals rather than bought outright.
The demand for scanners has in recent years
been spearheaded by increases in health spending, with guaranteed 4
percent increases over the next three years. Might this be the
perfect opportunity for lessors to do business?
Art leasing
New investment portfolio management
company Dean Art Investments has started leasing art works to
corporate and high net worth private customers on the back of the
Dean Art fund, which will be launched this year at a target value
of around £70 million.
Managing director Gérard Moxon highlighted the
undeveloped nature of the British market for art leasing, but added
that he saw a high potential for sale and leaseback deals, in
addition to straightforward leasing arrangements.
Dean Art Investments will lease individual art
works with values between £500,000 and £3 million, and said that
options for lessees to purchase at the end of term would not
necessarily be excluded from contracts. Already operating in the
sector is Ann Petherick of Kentmere House gallery, whose Art
Exchange programme leases work at 3 percent of total value per
month, for a minimum term of six months.
Art Exchange is targeted at mid-sized
businesses, and will lease a minimum of four paintings in one
contract. Petherick said she would be “unlikely” to operate
leaseback unless the painting bought had been sourced from the
Kentmere gallery originally.
