Commercial property market “driven” by retail | 20 May 2011
The commercial property market within Europe is being “driven” by investors looking to snap up retail space.
That’s according to one industry insider, Michael Haddock, who spoke to London South East about his thoughts on the market.
He claimed that: “The uplift [in the commercial property market] is being driven by the deep pockets of institutional investors looking to increase their direct exposure to the [retail] sector.”
Haddock spoke out after his company, CB Richard Ellis, released figures that revealed in quarter one of 2011, the “demand” for retail space had helped increase investment in commercial property by a third.
Furthermore, it found that from January to March 2011, some £24 billion was invested in commercial property across Europe.
Those who have made these investments should also consider purchasing facilities management software, as (particularly within retail) managing the facilities management operations of a property can be time-consuming. This software allows investors to manage them efficiently, with the minimum amount of effort; helping them to concentrate on the other key areas of their business.
Haddock’s figures also confirmed that the £24 billion invested throughout the first quarter marked a 32 per cent rise when compared to the investments made during the same time in 2010, Commercial Finance Group said.
Additionally, the types of investors buying commercial property within retail “broadened”, Haddock concluded.
Written by Deborah Bates on behalf of Qube Global Software
While posted by Qube Global Software all views expressed are not necessarily those of the company. All facts are verified where possible directly by the author.
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