‘Business as usual’ as East Mids commercial property sector booms

Investment activity in the East Midlands commercial property sector showed no signs of market anxieties in the run-up to the referendum, new figures show

Transaction volumes totalled £423m in Q2, according to the latest edition of the LSH quarterly UK Investment Transactions (UKIT), which was up 421% on the previous quarter during which there was just £81m of investment in the region.

The figure remains well above the five-year average of £281m, although it is down 17% on the same quarter last year.

Meanwhile, the Midlands Engine region continued to surge ahead with investment in Q2 hitting £1.3bn – up 23% on the same period last year. The figure was a very healthy 41% above the five-year average.

Adam Ramshaw, head of LSH East Midlands and Birmingham, said the levels of activity in Q2 across the East Midlands market showed the most positive performance in the UK.

“The East Midlands had a very strong Q2 compared to all other regions and it remains up on the five-yearly quarter average, too.

“As the political landscape changes and the government starts to negotiate Brexit, we expect investors to continue their interest in the East Midlands commercial property sector. The region is very well placed to benefit from investment and it is important to emphasise that it is still business as usual in the East Midlands.”