Image Source: Place North West
Commercial property investments in the North West of the United Kingdom have hit £965m in the first quarter of 2018, according to Lamber Smith Hampton’s latest report. These latest figures are more than double (£440m) what we saw in the first quarter of last year (£440m).
The first quarter is usually a quiet time of the year for transactions however this year has started off very strongly with the record figure. This healthy activity contributes to the attractive fundamentals in the North-West.
A few high-ticket deals include:
• Rosette Merchant Bank’s acquisition of Tesco in Oldham for £50m.
• L&G’s acquisition of India Buildings in Liverpool for £125m
• Aviva’s acquisition of 2 New Bailey in Salford for £113m.
“The North West has performed very strongly, particularly when compared with the national data and we’re continuing to see a broad range of investors keen to invest into the region.” – Words from Ben Roberts, director of capital markets for LSH in the North West