Commercial Finance Specialists

Investors have been buoyed by the sight of commercial development projects restarting in the City of London, it is claimed.

City of London commercial development projects are back underway, with property investment firms hoping that this will lead to a flurry of new initiatives.

Building cranes have returned to the City as projects that were put on hold during the credit crunch have been restarted, according to the Guardian.

Earlier this week, commercial development firm Land Securities announced that the value of its portfolio of property investment had risen by 10.3 per cent in the last fiscal.

This, added to British Land's decision to restart its famous Cheesegrater development, is causing a great deal of optimism in the commercial property market.

However, the market in other areas of the country is not doing so well.

Iain Reid, chief executive of Protego Real Estate Investors told the newspaper: "What it all adds up to is that 10 per cent of the market has gone up around 20 per cent in value, while the remaining 90 per cent has done nothing, or even gone down."

Posted by Tess Nelson.