London's three-tier investment market evolution
London's three-tier investment market evolution
- 2012
- Property Week 78(24) 15 June 2012, 38(1) .
Cushman & Wakefield argues that London has evolved into a three-tier investment market: prime secure income, secondary refurbishments, and medium-term income streams. Prime office yields in London remain stable at around 5% in the City and 4% in the West End. Yields on London secondary property are as much as 500 basis points higher depending on the amount of capital to be spent and the letting risk. In the overall UK market prime yields rose by 0.03% to 5.81% in May. Table covers London and regional prime property comparative yields 2007 to date.
United Kingdom
Cushman & Wakefield argues that London has evolved into a three-tier investment market: prime secure income, secondary refurbishments, and medium-term income streams. Prime office yields in London remain stable at around 5% in the City and 4% in the West End. Yields on London secondary property are as much as 500 basis points higher depending on the amount of capital to be spent and the letting risk. In the overall UK market prime yields rose by 0.03% to 5.81% in May. Table covers London and regional prime property comparative yields 2007 to date.
United Kingdom