Trio of property deals ‘demonstrate East Midlands confidence’

Ankur Chadha, capital markets team, Lambert Smith Hampton, East Midlands.

Three key commercial investment deals in the East Midlands worth a total of £8 million, have been completed, national commercial property consultancy Lambert Smith Hampton (LSH) has announced.

The deals clearly demonstrate that the region continues to present attractive investment opportunities for investors post-Brexit, according to LSH’s capital markets team.

The high level of activity shows that private investors and local property companies have an appetite for business and are actively seeking investment stock, said Ankur Chadha, in the capital markets team at LSH in the East Midlands.

The deals were across three sectors; Cartwright House a 10,170 sq ft office building at Riverside Business Park in Nottingham; a 20,129 sq ft retail warehouse in Market Harborough and finally Abbey House, a 48 unit residential block in Leicester.

“There have been concerns about how the market would be affected following the EU referendum result in June, but we have seen continued interest in investment opportunities,” said Ankur.

“The East Midlands is – and has long been – an attractive region for investors who are looking for more opportunity and better returns. I’m pleased to see that this hasn’t diminished over the past few months and has been bolstered by strong occupational dynamics.”

LSH’s capital markets team has been well placed to take advantage of the current market conditions and continue to cover both the East and West Midlands regions with offices in Nottingham and Birmingham, with the ability to provide clients with acquisition, disposal and consultancy advice in the investment sector.