According to industry experts, overseas buyers are set to spend over £2bn on London retail property this year. The report, published by commercial real estate services firm CBRE, shows that buyers have already spent £1bn on central London retail property in the first half of the year. Head of UK retail at CBRE, Phil Cann, said: “I think there is every chance [of a record] this year. Given the amount of bidding activity we have seen, there is still a significant amount of equity tracking London retail and it shows that buyers are still very happy with the London story”.
At Beavis Morgan, we work with a number of retail businesses and we act for all types of property professionals, from solicitors and property managers, through to architects and building project managers. We also work with a broad range of property investors and developers who actively need advice on how to best structure their property deals, both to ring-fence and protect their property assets, as well as to minimise the tax arising from their business operations.
For further information about how we can help you and your business, contact Steve Govey or your usual Beavis Morgan Partner.