Commercial property touted as a shrewd investment | 31 May 2011
Wealthy individuals looking for an investment with potential have been advised to consider commercial property.
This is particularly pertinent to those looking to invest as part of a self-invested personal pension (SIPP); who have been advised by business leaders and financial experts to look into the commercial property market.
The potential upturn could see a brace of new commercial property owners taking on property management software in order to maintain their buildings and keep operations running smoothly.
Property has long been considered the most effective method of investment, but with a stagnating private property market, more people have turned to commercial properties – encouraged by their financial advisers.
Now, businesses including Alliance Trust Savings (ATS) have claimed that the property itself is not just a good investment opportunity but the actual running of it could produce huge long-term returns.
Steve Latto, head of pensions at ATS told UK Business Property how this investment could work well for some: “With the SIPP purchasing the commercial property, the owner of the business can receive a significant capital injection which they can use to make further contributions to their SIPP.”
Speaking to My Introducer, industry expert Kevin Wilkes also spoke of how property investments have retained their desirability. “It’s great to see that property is the investment that people turn to when many others show signs of instability,” he said.
“It just reinforces that property is still widely regarded as a safe and secure investment, an investment that has demonstrated great resilience in the face of very difficult economic conditions.”
Written by David Howells 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.
We are proud to announce that a number of our customers have been shortlisted at the prestigious ARMA ACE Awards.
Research by Qube Global Software reveals that only a tiny proportion of the UK’s leading property and facilities management companies believe they are harnessing technology successfully.
Qube Global Software and Engage enter joint venture in boost to Build to Rent Sector.