Helical claims that the commercial property recovery is stalling, so it will be selecting projects carefully in future.
A UK property investment firm claims that the previously strong recovery seen in the commercial development sector is stalling.
Helical Bar has announced that as a result is will continue to select its commercial development projects carefully.
The firm is currently considering a number of property investments, but will only target those acquisitions which offer exceptional growth or income potential.
"While the outlook for commercial property remains uncertain, we believe that now is the right time to selectively progress our development pipeline," said the company's chief executive Michael Slade.
He went on to say that central London offices, where performance is expected to be strong for some time, will form the backbone of their projects for the future.
Earlier this month the Investment Property Databank (IPD) revealed that commercial development asset values rose by 0.5 per cent in June.
This indicates the growth rate is falling and therefore the market is stagnating, the IPD claims.
Posted by Tess Nelson.
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