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Commercial Property News
UK commercial property market "remains attractive"
Business property in the UK currently has long-term prospects and the sector is showing encouraging signs, it has been said.
Capital value growth expectations have been bolstered and rents have become less negative, the Scottish Widows Investment Partnership (SWIP) stated, with UK commercial property remaining an "attractive" asset.
While returns for the UK commercial property market for 2011 are predicted to be subdued - largely in part because of economic strife in Europe - the central London office sector is set for more positive times.
Head of property research at SWIP Dr Ed Trevillion noted a lack of supply would drive rental growth, pushing up total returns over the next three to five years.
"SWIP also remains broadly neutral across the UK office markets, although it is positive with regard to the City and West End office sectors over the medium to long term," he asserted, adding central London offices have seen a drop in vacancy rates.
It was recently suggested by Michael Baxter, from Investment and Business News, that the government could do more to help business property owners when they are first starting out.
Posted by Darren Purse
Capital value growth expectations have been bolstered and rents have become less negative, the Scottish Widows Investment Partnership (SWIP) stated, with UK commercial property remaining an "attractive" asset.
While returns for the UK commercial property market for 2011 are predicted to be subdued - largely in part because of economic strife in Europe - the central London office sector is set for more positive times.
Head of property research at SWIP Dr Ed Trevillion noted a lack of supply would drive rental growth, pushing up total returns over the next three to five years.
"SWIP also remains broadly neutral across the UK office markets, although it is positive with regard to the City and West End office sectors over the medium to long term," he asserted, adding central London offices have seen a drop in vacancy rates.
It was recently suggested by Michael Baxter, from Investment and Business News, that the government could do more to help business property owners when they are first starting out.
Posted by Darren Purse
Fri, 25th Jun 2010