4th May, 2011 - Posted by admin - Comments Off
Many international investors a becoming “risk averse” meaning UK commercial property such as Oldham industrial units are become more appealing, according to Savills.
Mat Oakley, director of commercial research at the company, said that global investors have shown a “lot more interest” in prime UK assets in recent months.
He explained that financial problems across Europe combined with the recent natural disasters in Japan and the general slow recovery across the world has led to business investors to look at the UK for prospective ventures.
With many companies unlikely to take risks in buying property, renting office space, industrial units and workshop space is likely to become more common.
New figures from Knight Frank show that London offices saw the sharpest rise in prime rents anywhere in Europe during 2010.
According to the figures, West End office rents jumped by 31%t to reach £85 per square foot per annum by the year-end.