Commercial Property ‘On The Up’
Three out of four (76%) small and mid-market firms expect activity in UK commercial property to hot up in the next three to six months, research shows. Almost nine out of 10 (88%) fund managers expect the values of their assets to rise in the next three to six months compared to just one in 10 (10%) at the same point last year, Lloyds Bank's latest Commercial Property Confidence Monitor reveals.
Positive sentiment in the twice yearly poll has reached its highest level since the research began in 2010, with Scottish businesses and fund managers the most optimistic of all at 90%. The figures reflect the start of a regional recovery in the UK commercial property sector, Lloyds believes, with the South West (86%), the North West (77%) and the Midlands (75%) following on from Scotland.
Marty Green, managing director of mid-markets corporate real estate at Lloyds Bank Commercial Banking, said: "We are seeing our London based mid-market investors and developers actively looking to grow and they are largely having tangible success. "Outside London is quite a different story and many quality assets are trading in the regions to London and internationally based funds and major investors."
IBB has one of the largest real estate groups in West London and the South East, with expertise in commercial real estate,residential development, real estate finance, construction and real estate dispute resolution . Contact a member of the team by visiting the relevant service page, call us on 08456 381381 or email CRE@ibblaw.co.uk.
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