Analysis-Big UK property sales to test market appetite after slump

LONDON - Britain's commercial property market is returning to life after its post-pandemic freeze, albeit largely at much lower prices.

Real estate investor Nuveen has put a 21-storey City of London tower it completed in 2019, informally known as the"Can of Ham" due to its rounded shape, up for sale for 322 million pounds , below about 400 million pounds it had sought in 2022, a person familiar with the matter said. New office buildings are seeing robust demand, with investor M&G's new office towers at 40 Leadenhall in the City of London more than 80% let.

"Offices to some extent has been a bit of a dirty word," said Nick Montgomery, global head of real estate at Schroders."From the position we're in, it's more of an opportunity than a risk... The pendulum always tends to swing too far."Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

PAC gets big checks from big names in San Antonio’s business communityA local PAC dedicated to passing a slate of six San Antonio charter amendments is getting an infusion of cash from the city’s business class
Herkunft: ksatnews - 🏆 442. / 53 Weiterlesen »