PROPERTY investors slashed purchases of office buildings in London by £3 billion in the first half of the year due to the nervous wait for a resolution to the Brexit saga, new figures showed on Monday.
A speculatively developed trading estate has been sold in a £4m deal.
A London-based private investor has acquired units 2-4 Steelpark Trading Estate, at Wednesfield near Wolverhampton, from development and investment company Goold Estates.
Bristol has highest level of tenant demand of all UK cities at 50%, followed by Newport in Wales with a demand score of 39%, while Nottingham, Plymouth, Cambridge, Portsmouth and Bournemouth also scored above 30%.
There has been a substantial increase in the number of buyers from the United States in London and they spending an average £7.3 million, a new analysis has found.
The value for student housing, build to rent and retirement housing in the UK is set to quadruple in the UK, reaching a combined worth of £880 billion at full maturity, according to a new report.
Oxford and Cambridge may top the university league tables in the UK, but they score poorly for property investment, offering much lower rental yields and capital appreciation than other places, new research suggests.
The properties have been sold on behalf of Manchester Apartments – the property and lettings division of Beech Holdings – to Cedar Tree Investments.
A listed real estate investment trust has acquired a York nursing home for £3.9m.
More than half, some 51% of home owners aged 45 and over see money invested in property as part of their financial plans for later life, according to a new report.
Ken Griffin bought a London mansion for 90 million pounds. Americans only second to Chinese on list of overseas buyers.
The number of British people who own a second home, buy-to-let or overseas property has doubled since 2001, says think tank the Resolution Foundation.
A business park in Beverley has been sold for £11.1m.
Regional REIT, the regional real estate investment specialists, said that London and Scottish Property Investment Management (LSPIM) has contracted to sell Tokenspire Business Park.
A trio of Telford warehouses have sold for more than £2m as buyers look to snap up industrial stock within the area.
Middle East investor Gulf Islamic Investments (GII) has acquired two office buildings in Birmingham in the UK’s largest office transaction outside of London so far this year.
Sheffield Hallam University has acquired an office building in an £8.8m deal.
London and Scottish Property Investment Management acted on behalf of Regional REIT to sell Aspect Court at Pond Hill, in a deal which reflects a net initial yield of 6.6%.
Real estate investor Blue Noble has bought 11 Brindleyplace for £37.7m in the latest multimillion-pound office deal in Birmingham.
Middle Eastern investors have backed a new £100 million fund betting on rising demand for storage space near London.
Leeds property consultancy Gent Visick has negotiated the UK’s biggest ever industrial sale and leaseback transaction after advising retail giant Sports Direct on the sale of its 1.8m sq ft headquarters and distribution centre at Shirebrook in Derbyshire.
The days of students renting dingy cramped digs are coming to an end as investment in Purpose Built Student Accommodation soars.
Investment into the UK’s purpose built rental accommodation sector is set to reach £146 billion by 2025, with money coming in from the United States and Canada, new research shows.
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