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%.
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