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Commercial Property News
Savills sees increased appetite for commercial property lending
Lenders are showing an increasing appetite to provide finance to the UK's commercial property market.
This is according to new research from Savills, which has published a list of the top 21 lenders willing to lend £30 million upwards to the sector.
The majority (60%) of firms on the list are based in Germany, however there are a number of high-profile UK banks present, including Barclays and Royal Bank of Scotland.
However, Savills also found there is a lack of good quality lending opportunities due to fewer commercial properties coming onto the market and the ones that are available being bought by cash buyers, many of which are based overseas.
One example of this is the sale of the Marina Villa Hotel in Fowey, which was purchased in a £2 million deal overseen by Savills Hotels.
Despite this, head of valuation at Savills UK William Newsom said that he is "pleasantly surprised" with the number of firms willing to provide finance.
This is according to new research from Savills, which has published a list of the top 21 lenders willing to lend £30 million upwards to the sector.
The majority (60%) of firms on the list are based in Germany, however there are a number of high-profile UK banks present, including Barclays and Royal Bank of Scotland.
However, Savills also found there is a lack of good quality lending opportunities due to fewer commercial properties coming onto the market and the ones that are available being bought by cash buyers, many of which are based overseas.
One example of this is the sale of the Marina Villa Hotel in Fowey, which was purchased in a £2 million deal overseen by Savills Hotels.
Despite this, head of valuation at Savills UK William Newsom said that he is "pleasantly surprised" with the number of firms willing to provide finance.
Tue, 16th Mar 2010