There is continued appetite from institutional investors for regional offices given the more favourable yield profile compared with the London office market. With signs of a recovering occupational market, investment demand is expected to strengthen further.
The next 12-24 months will be prime time to invest in good quality, well located buildings. Market dynamics are very compelling with the impending imbalance of grade A supply, and the substantial inward investment into the city, such as New Civic Library and the redevelopment of New Street Station. Recent transactions include:
- One Brindley Place - £30.00m (6.3%)
- 84 Colmore Row, Birmingham - £11.00m (5.8%)
- Tungsten Building, Blythe Valley - £6.26m (6.94%)
To view our latest UK Investment Transactions (UKIT) report, please click here.