The property investment market has stabilised, according to commercial development firm Liberty International.
A major
commercial development company claims to have the seen the
property investment market stabilise.
Over the first quarter of 2010, occupancy levels at Liberty International's shopping centres were maintained, according to an article on thisismoney.co.uk.
Liberty, which is the largest shopping mall owner in the country, claims that fewer tenants went into insolvency, indicating that most businesses are recovering from the grip of the recession.
The firm has now moved forward with its demerger, meaning it will begin trading as two separate companies, Capital Shopping Centres and Capital & Counties, from today (May 10th).
Liberty International's news follows on from that of commercial development firm Hammerson, who claimed last month that the number of tenants in its retail portfolio who had gone into administration also fell.
However, the firm's chief executive David Atkins warned that despite 95.3 occupancy at its units, the property investment market as a whole "remains fragile".
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