Several major commercial property development deals are due to go ahead in the weeks to come.
The UK's
commercial property finance sector could be set for a boost following news that investment activity has accelerated in recent times, which could lead to a decline in asset value, it has been suggested.
Private equity real estate fund management company Meyer Bergman is due to sign a £130 million agreement to buy a half-share in the Bentall shopping centre in Kingston, Surrey, the Financial Times reports.
Additionally, Retail property specialist Briant Champion Long believes that £1.1 billion of shopping centre deals will be completed soon.
While some experts believe that the market recovery in
property investment will be sustained, others are looking to make a profit in case the market falters later in the year.
"Now is a good time to sell as the secondary market could well go down in the next one to three years, given the surplus property held by banks," Alex Price, chief executive of Palmer Capital, told the newspaper.
According to a recent article in the Scotsman, the weak pound and improving housing market are helping to drive up commercial property sales in Scotland to foreign investors.