Propertymall commercial property in the UK online Propertymall commercial property in the UK online Propertymall commercial property in the UK online Propertymall commercial property in the UK online Propertymall commercial property in the UK online Muchimmo
Saturday, 15 Dec 2018, 20:52 GMT
You are here:
 Property News 
Photo by Stefano Corso. Pensiero.Propertymall.com commercial property news to end
The Propertymall.com free commercial property news service is to come to an end. From...
M7 secures 10,000 sq m of lettings to take French portfolio to 86% occupied
M7 Real Estate has secured over 10,000 sq m of new lettings and lease...
Schroder signs HMRC for 180,000 sq ft Croydon headquarters
HM Revenue and Customs (HMRC) has signed to occupy One Ruskin Square, the first...
Edward CookeBCSC appoints new Chief Executive
The British Council of Shopping Centres (BCSC) has appointed Edward Cooke as Chief Executive,...
Green light for 45m Birmingham Gun Quarter student housing
Private equity real estate business Prosperity Capital Partners (Prosperity), and London & UK Property...
Andrew Lloyd-Webber Really Useful Group buys Covent Garden building
The Food and Drink Federation, advised by Gerald Eve, has sold 6 Catherine Street...

- General - Record amount invested in Bristol offices

Date: 01 Aug 2016

Office investment in Bristol reached a record 237 million in the first half of 2016, according to international real estate advisor Savills.

Investment volumes in H1 2016 were 140% above the long-term half year average of 98.7 million. Domestic UK investors accounted for 82 million of the deals - 35% of the total - above their long-term average of 49 million.

Key deals included the purchase of Bridgewater House, near Temple Meads Station, by a private investor for 56 million, representing a yield of 5.35%. Prime yields for the market stand at 5.25%.

Andrew Main, director of investment at Savills Bristol, says: "In the first half of 2016 alone we have seen more investment in Bristol offices than during the whole of 2014. Bristol is seen as a solid choice by investors; tenants continue to see it as a very attractive location, whilst decreasing availability of Grade A space means that rents are predicted to rise from their current 28.50 per sq ft to 35 by the end of the decade. We anticipate that investment volumes will remain strong through to the end of the year and beyond."

Demand for office space in Bristol remains high: take up reached 381,291 sq ft (35,421 sq m) in the city centre during the first half of 2016, says Savills. This is well above the long-term half year average of 278,000 sq ft (25,826 sq m) and the strongest first half since 2007.

Savills forecasts that Bristol is on track to reach take up of 800,000 sq ft (74,320 sq m) by the end of 2016, well above the five year average of 533,000 sq ft (49,515 sq m).


  [ top ] Home | News | Property | About Us | Terms | A-Z

© 2018 Muchimmo Limited, London