Market snapshot

Yorkshire UKIT Q4 2017

Boom-like investment activity across Yorkshire during 2017 pushed total volume for the year to £1.32bn, up 44% on 2016.

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In this issue:

Several large-scale purchases boost volume

Almost £330m of property assets changed hands across Yorkshire in Q4 2017, pushing the annual total for the year to £1.32bn, up 44% on 2016. 

Q4’s strong volume owed much to several large-scale purchases by UK institutions, including UNITE’s acquisition of Brass Founders in Sheffield for £36m, and Legal & General’s acquisition of Vangarde Leisure Scheme in York for £35m and Headingley Stadium in Leeds for £35m. 

Insatiable demand for alternatives sector

2017 was a year of contrasting fortunes between the various property sectors. Insatiable demand for alternatives drove a record breaking year for the sector, with volume of £439m, smashing the previous high of £351m set in 2015 and accounting for a 33% share of volume.  

Meanwhile, the office sector fell back by almost a third from the £293m transacted in 2016, to just £199m.  

UK institutions make emphatic return

Q4 also marked the emphatic return of domestic investors to the market. Institutional investment surged to £114m in Q4, two and a half times the previous quarter and the highest since Q3 2015. 

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Luke Symonds
Associate Director - Capital Markets

0113 887 6705

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