Commercial property ‘is set to perform strongly’ in London

Posted 08/11/2010

People considering purchasing commercial property have been advised that central London could be a good place to invest.

Tony McCurley, a representative from GM Real Estate, said he expects prime assets in this location to perform strongly in the short to medium term as they are currently attracting a “great deal of attention” from buyers both in this country and overseas.

However, he noted that would-be investors may want to act soon, as there is “not enough stock for sale to satisfy all the appetite at the moment”.

Mr McCurley particularly recommended grade A or prime assets at present, as he suggested that secondary assets may not be well-priced for buyers.

Earlier this month, the Royal Institution of Chartered Surveyors reported that expectations for central London office rents stabilised during the third quarter of 2010 when compared with the previous three months.

Industrial rents there also stayed steady during the same period.