Appetite strong for well-located sites

Graham Foxton, surveyor with LSH's Yorkshire Agency team
Graham Foxton, surveyor with LSH's Yorkshire Agency team
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Property investment activity in Yorkshire rose sevenfold in the first three months of 2011, but still remains 17 per cent down on the first quarter of 2010 at £255 million.

Overseas investors committed £121 million, or almost half of the investment, while UK Institutions accounted for 38 per cent of the activity.

Deals included Gazeley Properties’ acquisition of Westmoor Park in Doncaster for £37.5 million.

Yorkshire Agency team surveyor Graham Foxton said institutional confidence remained high for the right product across all sectors.

“The appetite for the Retail sector has remained strong for well located properties, both in and out of town. Investors are seizing opportunities to add value and seek potential for rental growth in a sector which has out performed others in terms of occupational demand,” Mr Foxton added.