Lenders are offering commercial development investors access to off-market transactions that they would not be able to find by themselves.
Groups of commercial property investors are being offered access to off-market transactions that would be otherwise unavailable.
Private banks are providing access to secret syndicates and
sources of finance to investors pursuing a big-ticket
commercial development, reports the Times.
Speaking to the newspaper, chief executive of HSBC Private Bank Chris Allen said that the identity of each investor within the syndicate remains a secret, as many do not want to reveal who they are.
He added: "Property as an asset class is at the top of our private clients' agenda. It is something they love.
"By buying through a syndicate like this, they have access to off-market transactions that they would not be able to get by themselves."
The revelation comes after commercial property research consultancy Capital Economics suggested that London could be set for a mini boom in rentals this year.
However, the firm's property economist Kelvin Davidson suggested that the longer the boom goes on, the higher the chances of properties becoming overvalued again.
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