Investment activity remains robust despite the pandemic!
The industrial and logistics sector remains the most in demand sector within the marketplace by some distance and at all levels from large institutional investors to smaller local private investors.
As a firm we have had the pleasure of selling two circa £5m industrial assets in the Southwest and Midlands in the last twelve months, with both transactions proceeding quickly from early market testing. The yields in this sector continue to fall as the wave of money available in the market remains high.
On the retail front, there remains concern and a greater hesitance from corporate buyers, but on a more regional/private level, convenience and local/secondary retail investment activity has fared reasonably well under the circumstances. A few examples include high street investments let to Costa and Betfred, where we had competitive bidding and yields of between 6.5-8% achieved. Investments on re-geared leases with re-based rents have provided more popular than higher yielding, but over-rented assets.
The office sector remains polarised, with local owner occupiers keeping activity levels high on a regional basis for our firm, but with a real emphasis on quality and flexibility for larger assets and re-positioning within the market outside of London and into the regions.
Whether you are considering a disposal or looking for an opportunity to obtain a return, Primmer Olds B.A.S can help deliver value through the process for assets in the south-central market.
Our director, Duane Walker and agent, Dominic Arkell work closely together with a strong client focus to consistently deliver deals that create value.