Commercial Finance Specialists

The commercial property market has recovered quickly from the recession, according to a major commercial development firm.

The UK property investment sector saw a rapid recovery from recession in the latter part of 2009, it has been claimed.

Commercial development firm Land Securities ended the 2009-10 fiscal year with its valuation surplus up by 10.3 per cent.

In addition, the company confirmed that it achieved £58 million of lettings in the same period and while rental values have declined by six per cent, they have finally bottomed-out.

Land Securities' chief executive Francis Salway said that property values will continue to rise in the next five years and although the road will not be smooth, this will occasionally present attractive buying opportunities.

"We believe strongly that, in our balance sheet, the skills of our people and our plans for our portfolio, we have the platform to create long-term value for our shareholders," he added.

However, earlier this week the Lloyds Banking Group's SWIP Property Trust claimed that commercial property values will soon fall, as interest from investors has begun to wane.

Posted by Allan Flowers.