As 2020 approaches, now is a good time for commercial property buyers to check out options for UK CRE destinations.

Consorto, the marketplace for European commercial real estate, suggests five UK CRE destinations that investors should watch out for.

They feature city destinations that are among the most popular with Consorto users and markets that show strong fundamentals including economic growth potential, CRE investment opportunities and competitive returns.

More than half of UK CRE investors are from overseas, as the weakened pound due to Brexit uncertainty has created added value, says Consorto Chief Executive Officer, Philip Verzun.

UK is still a preferred destination for Consorto

“Despite uncertainty, the UK is still a preferred destination for global corporate real estate investors and is the number one destination on Consorto. Opportunities to add yield will likely remain the key focus for investors until more clarity is provided on the macroeconomic outlook. While the short-term outlook for the commercial market is arguably volatile, the long-term outlook remains healthy. We have noticed an increased demand for locations outside London, where yields are more attractive.”

The Consorto CRE UK destinations to look out for in 2020 are:

Birmingham

Glasgow

Leicester

  • Achievable p.a. city centre office yields of 5.2%
  • UK’s eighth largest city with a population of more than 500,000 according to WorldPopulationReview.com
  • £250 million, 50-hectare Leicester Waterside scheme provides investment opportunities
  • Student accommodation in demand from 30,000 students at its universities
  • Named among the top 10 UK economies for the pwc Good Growth Index, thanks to low unemployment and rapidly improving city life
  • Second-fastest UK city by population growth, up 1.3% a year, according to ONS data
  • BLT investors benefit from undersupply and relatively low property prices
  • £19 billion economy in city voted among best to do business

Liverpool

Sheffield

  • Achievable p.a. city centre office yields of 5.85%
  • UK’s fifth largest city with a population of more than 685,300, according to WorldPopulationReview.com with another 70,000 expected from 2015-25
  • Strong demand for student accommodation from 63,000 students at two city universities
  • BTL buyers benefit from strong rental yields achievable and competitive property prices
  • Major opportunities in the £500m  Heart of the City II plan, which totals 1.5 million square feet of development
  • Promoted as the Outdoor City
  • Plans to make Sheffield city the best start-up zone in the country

In all property purchases, buyers should carry out in-depth research, due diligence and seek professional advice, where needed.

Consorto is the fastest-growing pan-European commercial proptech B2B online marketplace. The digital platform features CRE listings from office, industrial, retail, hotels and resorts, land, mixed use, special purpose and development sectors.

Users register for free with Consorto to begin uploading listings, searching for property and creating personal listings reports. Listing is free of charge. Sellers only pay a fee once their deal is complete.

For further information about Consorto and to list and view properties, visit https://www.consorto.com/

November 2019

Feel free to use this press release yourself. If you do, please provide a link to www.consorto.com. Many thanks.

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