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aJ5dY4aD9y · Dołączył: 09 Maj 2014 Posty: 99

Value of commercial property deals in Scotland rose 81% in 2013Property agent Cushman Wakefield reports the value of commercial property transactions in Scotland last year rose 81 per cent to ÂŁ2.07 billion. David Davidson, managing director of Cushman Wakefield in Scotland, said the commercial property deals market in Scotland had grown faster than most other parts of the UK outside of London in 2013. Davidson said despite fears the independence referendum would affect confidence in 2013, it had âlittle impact on investorsâ desire to buy commercial property north of the borderâ. Cushman Wakefield said the total value of commercial property deals in Scotland last year was ÂŁ2.07 billion, up 81 per cent of the ÂŁ1.15 billion in deal value reported in 2012 and the highest transaction value reported since 2007, when investment volumes in Scotland peaked at ÂŁ3.3 billion. The transaction value figures for Scotland in 2013 were 21 per cent higher than the figure for the UK market as a whole, which increased from ÂŁ31. [url=http://www.goldvk.com/Game.gw2_us.Guild Wars 2.gw2.Gold.Info.aspx]guild wars 2 gold[/url] 6 billion to ÂŁ50.7 billion last year â an increase of 60 per cent. However the UK market is now trading at 87 per cent of its peak volume, whereas Scotland is trading at 62 per cent of its peak volume, the firm said. Cushman Wakefield said 2013 got off to a âvery slow startâ with only ÂŁ515 million of transactions in the first two quarters but finished âvery stronglyâ with ÂŁ987 million in the last quarter. The office sector was the strongest sector with ÂŁ949 million worth of transactions for the year, which included ÂŁ113 million funding deal for ScottishPowerâs new headquarters in Glasgow and the sale of Calton Square in Edinburgh for ÂŁ56.75 million. The total for retail transactions was ÂŁ774 million for the year, dominated by two large shopping centre sales: St Enochâs Shopping Centre in Glasgow for ÂŁ189.15 million and Bon Accord St Nicholas Shopping Centres in Aberdeen for ÂŁ189 million. The next largest retail transaction was the Livingston Designer Outlet at ÂŁ51. [url=http://www.goldvk.com/Game.gw2_us.Guild Wars 2.gw2.Gold.Info.aspx]guild wars 2 gold[/url] 5 million. Davidson said the commercial property market in Scotland is already âoff to a flying startâ this year, with more than ÂŁ645 million of stock carrying over into the new year, most of which he predicts âwill sell in the first quarter of 2014â. [url=http://www.goldvk.com/Game.gw2_us.Guild Wars 2.gw2.Gold.Info.aspx]gw2 gold[/url] In addition, Cushman Wakefield has identified more than ÂŁ131million of stock it believes could come on to the market in the first quarter of 2014. Davidson said: âThis has been one of the busiest starts we have ever had to a new calendar year and leads us to a very positive outlook for 2014. âThe Scottish Independence Referendum appears to be having no material impact on the Scottish investment market. âWhilst some investors may be trying to reduce their holdings in Scotland, there are far more players who are prepared to bid at closing dates to secure high quality assets which have not been available elsewhere in the UK outside London. âI am also encouraged that Scotlandâs strong performance in 2013 is still well below the pre-recession level. âScotland has much further to travel to recover than the south east of the UK.â Davidson said an important feature of the commercial property investment market in Scotland is pricing continues to be fully in line with regional markets in other parts of the UK, like Birmingham and Manchester. But he added there is a âwidely felt expectation that investment yields will fall further in 2014â. â2013 has been a record year for the Scottish investment market and we confidentially predict that there is sufficient investor appetite for 2014 to be just as strong,â he said. xboter 2014