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West End defies cooling investment market

By: Language: English Series: Property Week ; 76(31) 6 August 2010, 34(1)Publication details: 2010Subject(s): Summary: London West End offices are the most sought after prime investment market properties with yields dropping 50 basis points to 4% in July, the only subsector in Cushman and Wakefield's latest UK property investment market to do so. Otherwise only offices in secondary cities saw a yield change rising by 25 basis points to 6.75%. Overall prime yields dropped four basis points to 5.75% in July after two static months with stability the trend in most markets. Property is well priced compared with bond yields. Table covers yields and yield movements in 25 investment subsectors.
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London West End offices are the most sought after prime investment market properties with yields dropping 50 basis points to 4% in July, the only subsector in Cushman and Wakefield's latest UK property investment market to do so. Otherwise only offices in secondary cities saw a yield change rising by 25 basis points to 6.75%. Overall prime yields dropped four basis points to 5.75% in July after two static months with stability the trend in most markets. Property is well priced compared with bond yields. Table covers yields and yield movements in 25 investment subsectors.