Property Investment Company Re-enter Property Market
Absent from the commercial property market since the onset of the property boom in 2007, renowned property investment company Derwent London has bounced back onto the market with a new venture.
Investing in a commercial property development located on Tottenham Court Road, Derwent London have managed to buy this property for just £147 million- £80 million below its evaluation during 2007…
Discussing their return, chief executive John Burns has divulged that this investment is a strong move by his team…
Proven to offer strong rentals, great opportunities for office management and future renovation opportunities, this property development can provide them with a strong return.
However despite this positive investment, many property advisors are worried that this sale by HBOS/Lloyd’s is an indicator that banks will soon start selling off commercial property investments.
Over the last few weeks it has been rumoured that leading lenders are planning to sell up to £50 billion worth of distressed commercial assets.
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Tags: property advisors, property development, property investment, property market
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