Auction sales
Series: Property Week ; (69)46 12 November 2004, 23(1)Publication details: 2004Subject(s): Summary: The latest data from the Jones Lang LaSalle/Investment Property Auction Results Analysis Service (ARAS) shows that auction sales totals rose by more than a fifth in the previous quarter as property-hungry investors spent £271m in the auction room. More than £173m was spent on retail property, and £29m on office property in the last three months. More auction-goers were venturing into unfamiliar property such as offices and pubs (over £40m was invested in pubs and restaurants), where demand from occupiers is driving down yields. The ARAS all-property yield fell 14 basis points in the last three months, from 6.90% to 6.76%.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB4044-01 (Browse shelf(Opens below)) | 1 | Available | 128006-1001 |
The latest data from the Jones Lang LaSalle/Investment Property Auction Results Analysis Service (ARAS) shows that auction sales totals rose by more than a fifth in the previous quarter as property-hungry investors spent £271m in the auction room. More than £173m was spent on retail property, and £29m on office property in the last three months. More auction-goers were venturing into unfamiliar property such as offices and pubs (over £40m was invested in pubs and restaurants), where demand from occupiers is driving down yields. The ARAS all-property yield fell 14 basis points in the last three months, from 6.90% to 6.76%.