Strong demand from property investors for ‘well-let assets across all sectors’

Strong demand from property investors for ‘well-let assets across all sectors’

Todays other news
The current controls come to an end on March 31...
The agency is also seeking other partnerships in Portugal...
The investment was supposed to be for a city centre...
The first one is in Manchester - but will the...
Grainger is selling its low-yield stock and pinning its hope...


High demand from national and international investors for strong performing assets across all property sectors helped Allsop raise more than £87m at its second commercial auction of the year this week, with an overall success rate of 87% which is expected to increase further as investors negotiate post-auction deals for unsold lots over the next few days.

Retail parades in London were as popular as ever at the sale, which took place on Monday 27 March at Claridge’s, while there was also high demand for the leisure sector, as illustrated by lot 83, a McDonald’s by the M1 in Chesterfield, which sold for £1.64m (5.1% gross yield).

Overall, A grade retail yields remained constant from the February at 5.6%, and B grade yields sharpened to 7.8% from 8.8%.

Trading activity in the auction room was also evident. One example, Lot 27, The George Shopping Centre in Grantham was bought at auction within the last 18 months.  With over 45 well managed lettings now in place, the lot went under the hammer yesterday for £2.7m, an increase of over £500,000 since it was last sold.

George Walker, auctioneer and Partner at Allsop, commented: “The market was buoyant and the day was dominated by the larger lots.

“Appetite from domestic and overseas private investor for well-let assets across all sectors was very strong and, with the Bank of England recently upgrading its economic forecasts, we see this demand continuing to strengthen.”

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Property Investor Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
Unusual commercial lots under the hammer next week...
A stone-built former retail showroom, together with 22 apartments and...
The UK’s largest property auction house, Allsop, raised £34m from...
A Nottingham care home which closed in June is to...
Spain’s draconian new tax is already spooking British investors...
The Budget has forced a revision of forecasts for the...
Prices and sales volumes will grow in 2025 despite the...
Recommended for you
Latest Features
The current controls come to an end on March 31...
The agency is also seeking other partnerships in Portugal...
The investment was supposed to be for a city centre...
Sponsored Content
As the property industry shifts towards sustainable practices, Inspired Property...
Are you concerned about rising interest rates and their potential...
In the ever-evolving landscape of property investment, staying ahead of...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here