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Edinburgh 'thriving for business property'
Investors looking for positive returns on business property should look towards office space in Edinburgh, according to one estate agency.
A report from DTZ showed that the Scottish capital is one of only five cities in the UK which are currently offering beneficial opportunities for those looking to make money from commercial property.
Using its investment potential rating system, the company placed central London as the only 'hot' location for business property, with Edinburgh, Cardiff, Newcastle and Nottingham rated as 'warm', the Scotsman reported.
Alan Macbeth, investment director for DTZ in Scotland, told the newspaper: "The attraction of Edinburgh as a business location and zero development in the pipeline means that the fall in prime rents should be limited to the 10% that we have already seen."
The Financial Times recently reported that Edinburgh City Council had announced plans to develop commercial property at its waterfront through the tax increment financing system developed in the US.
Posted by Darren Purse
A report from DTZ showed that the Scottish capital is one of only five cities in the UK which are currently offering beneficial opportunities for those looking to make money from commercial property.
Using its investment potential rating system, the company placed central London as the only 'hot' location for business property, with Edinburgh, Cardiff, Newcastle and Nottingham rated as 'warm', the Scotsman reported.
Alan Macbeth, investment director for DTZ in Scotland, told the newspaper: "The attraction of Edinburgh as a business location and zero development in the pipeline means that the fall in prime rents should be limited to the 10% that we have already seen."
The Financial Times recently reported that Edinburgh City Council had announced plans to develop commercial property at its waterfront through the tax increment financing system developed in the US.
Posted by Darren Purse
Wed, 2nd Jun 2010