Cushman & Wakefield have published their latest Capital Markets Monthly Briefing March 2013 on the UK real estate investment market.
David Erwin, Cushman & Wakefield’s CEO of UK Capital Markets, comments: “The market is panning out as many expected, with fewer but bigger deals and continued polarisation but also with evidence that good secondary is back on the radar as opportunistic money and debt begins to seep into the market. We have no doubt that there will have been a raft of meetings at MIPIM last week to discuss investment plans for the UK and the market looks to be set fair as we move into the spring and early summer. “
David Hutchings, Cushman & Wakefield’s Head of EMEA Research, said:
“Recent weeks have produced mixed news on the macro front, not least the loss of the UK’s AAA credit rating. There have however been more than crumbs of comfort to be had elsewhere, in employment, trade and retail for example. Similarly there are some green shoots in parts of the occupational property market, be that demand in the trade counter sector or better office take-up in London and some regional markets, and it is these local indicators of tenant demand which are key to turning today’s improved sentiment into a sustainable rally.”