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Commercial Property News
Commercial property lending increase
Commercial property lending rose during the first quarter of the year, it has been reported.
According to the Independent, figures from NB Real Estate show money given to the business property sector shot up by more than £700 million within this period.
In the three months to the end of March, lending rose by £727 million compared to the last quarter of 2009.
Such a rise represents the first quarterly increase to have been seen for a year.
Paul Watling, director of valuation at NB Real Estate, a subsidiary of Capita, said: "As capital values and rents have started to recover, so banks have shown a greater willingness to recommence lending to the commercial property sector."
He added this highlights increased confidence felt by those operating in the commercial property market.
NB Real Estate provides strategic advice for investors and occupiers about sales and acquisition of commercial property, as well as having more than 100 million sq ft of property assets under management.
Posted by James Collins
According to the Independent, figures from NB Real Estate show money given to the business property sector shot up by more than £700 million within this period.
In the three months to the end of March, lending rose by £727 million compared to the last quarter of 2009.
Such a rise represents the first quarterly increase to have been seen for a year.
Paul Watling, director of valuation at NB Real Estate, a subsidiary of Capita, said: "As capital values and rents have started to recover, so banks have shown a greater willingness to recommence lending to the commercial property sector."
He added this highlights increased confidence felt by those operating in the commercial property market.
NB Real Estate provides strategic advice for investors and occupiers about sales and acquisition of commercial property, as well as having more than 100 million sq ft of property assets under management.
Posted by James Collins
Mon, 7th Jun 2010