Property Investment

Contact Us

Discuss how we can help with your business location or expansion requirements

Get in touch

Property Investment

According to the JLL UK Office Market Outlook H1 2016, after a steady initial start to 2016, investment volumes were more muted in Quarter 2 with only one deal completing; the £24.1 million transaction at 1 Victoria Square acquired by DTZ Investors for 6.25%. This took deal volumes to £265 million in the first half of the year.

Prime yields were unchanged over the quarter, remaining at 5%, however prime pricing levels are under review and will become clearer through the course of the second half of the year.

The Birmingham office market saw a strong 2016 with over 217,000 sq ft transacted in Quarter 2. After a record breaking 2015 and a robust Quarter 1 2016, activity within the market was solid. Occupier demand has largely held up and the market has witnessed no sign of a slowdown in Quarter 2 despite the EU referendum at the end of the quarter. The key transaction over the quarter was Network Rail leasing just over 83,400 sq ft in Baskerville House.

Read the full report here.