Posted by Gareth Williams, Partner
On 1 September 2016 Withy King LLP merged with Royds LLP. The trading name for the merged firm is Royds Withy King. All content produced prior to this date will remain in the name of the firms pre-merger.
International investment continues to boost commercial property
While 2015 may have been a record year for commercial property investment, experts don’t expect the bubble to burst anytime soon.
A new forecast by the CBRE, a global real estate advisor, would suggest that investment into the UK is likely to hit around £70billion over the next 12 months.
Their figures also suggest that the market will continue to prosper until the end of the decade, with foreign investment fuelling transactions in the capital.
Miles Gibson, head of UK research at CBRE UK, said: “After several years of strong investment and capital growth, 2016 will offer steadier and more sustainable returns for the commercial property market.
“The UK economy remains strong, underpinning the rental value growth which will form a much more important part of investor returns than in the last few years.
“Overseas investment will remain strong and increasingly diversified as London maintains its status as the global centre for property investment.
“But we predict increasing interest in…office and industrial property markets in the wider South East and other big UK cities, and a long-awaited recovery in retail.”
At Royds, our commercial property team are available to advise individuals and businesses on lettings, leases and all aspects of property transactions. For more information please visit or contact Gareth Williams, Bharat Nahar or Susan Voice.
Commercial property and premises are a vital part of most businesses.