Mon, 16 Apr 2012 | COMMERCIAL PROPERTY
Commercial property trade is enjoying a comeback as businesses slowly claw back their losses sustained during the recession.
According to research conducted by Markit on behalf of Savills, March saw a marked monthly expansion in total commercial development activity. In fact, the sector was at its strongest for over two years.
Around a quarter of commercial developers surveyed recorded an increase in overall activity during the month, compared to 12 per cent who indicated a decline.
Furthermore, the trend towards improvement was seen in both the private and public sectors, with public activity rising for the first time since February 2010, while work on private contracts increased for the third consecutive month.
Looking ahead, developers are expecting at least a short-term continuation of the positive results. Approximately 18 per cent of respondents expect activity to continue to increase over the next three months, while ten per cent anticipate a fall. Improvements in general economic conditions were shown to be the main driver of the growth in the commercial property sector.
Michael Pillow, head of building consultancy at Savills, commented on the March data: “With development activity rising at its strongest rate for two years, it is clear that developers are anticipating a demand-side improvement.
“Encouragingly, this recovery appears to be broad-based and not just London-focused.”
Supplies a wide range of high-quality IT parts and systems, as well as providing technical support and customer Engineer training. Benefits from a large customer base and an exceptional reputation.
The company supplies copper and fibre optic cable infrastructure systems and audio/visual products and services. Over its decades of operation, the company has established a number of strong relationships with prestigious clients operating across the...
Designs, installs, maintains and repairs air conditioning, heat pumps and ventilation systems for a wide range of commercial and domestic sectors.
17
|
Oct
|
Car parts maker bought by CorpAcq | BUSINESS SALE
Cheadle-based car parts manufacturer group Klarius has been ...
17
|
Oct
|
Funeral firm Farewill welcomes Dignity acquisition | BUSINESS SALE
Funeral specialist Farewill is being bought for £13 mi...
17
|
Oct
|
Blue Cube Travel in 'perfect' acquisition | BUSINESS SALE
London-based Blue Cube Travel has been bought by globetrotti...
28
|
Oct
|
Prominent Cardiff home of fast food chain up for sale for £2.1m | COMMERCIAL PROPERTY
The building on Cardiff’s Queen Street housing the cit...
20
|
Jul
|
JD Wetherspoon seeks buyer for seven sites | COMMERCIAL PROPERTY
Pub group JD Wetherspoon is seeking a buyer for seven of its...
20
|
May
|
Young’s explores potential sale of tenanted pub business | BUSINESS SALE
Young & Co’s Brewery (Young’s) has hired propert...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.