Offices in the UK saw strong take-up in 2017, as the total return from commercial real estate in the year was 10.3 per cent.
According to UBS Asset Management’s Report, demand for offices increased by 19 per cent on 2016, driven by the presence of the serviced office sector in London.
Returns for the logistics property sector, which UBS says has a growing role in the increased levels of home delivery, reached 21 per cent.
However, the performance of retail property was less positive, with the UBS report suggesting that the spate of company voluntary agreements (CVAs) in recent months could shift the power balance away from property investors in the sector.
A number of key retail businesses, including New Look, Byron, Jamie’s Italian, and Prezzo have all entered into the process to restructure their portfolios, asking some landlords to agree to rent reductions and closing some sites.
At Beavis Morgan, we have extensive experience in advising individuals and businesses on all aspects of the property market. We act for 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.
We also offer specialist services to identify business opportunities for overseas investors looking to enter the UK property and business market – and we provide a comprehensive range of professional services to help you make the most of your investment in the UK.
Through our partner businesses, BM Structured Finance and BM Advisory, we are able to help with sourcing and restructuring debt finance for SME businesses, as well as assisting with resolving issues which can impact on business performance and success, and finding innovative solutions for businesses and individuals in distress.
To find out more, contact Steve Govey or your usual Beavis Morgan Partner.