As reported by the Financial Times, there has recently been a ‘boom’ in commercial property in London as a result of foreign investment, resulting in a record start for 2014 with a grand total of £4.3bn recorded in investment volumes. The figures, released by Cushman & Wakefield, a real estate services company, found that Q1 of this year has been a record quarter in London.

The surge, which is said to be the result of investment from places like Asia and the Middle East, is thought to be flowing because foreign investors believe that real estate in Britain is a secure asset. However, domestic investment is said to be strong too, with UK-based buyers making up around two-thirds of commercial property transactions in Q1 in London.

Bill Tyser of Cushman & Wakefield said: “As the second-phase rental recovery builds, coupled with positive outlooks on the UK economy and employment growth into London, we can expect continuing strong activity and further yield compression as we move through 2014.”

Wharfedale Property Company is a business with expertise in the letting and management of commercial premises in the Yorkshire region and regularly responds to industry relevant news. A representative for the company says that while the figures are good to see, London isn’t the only area of the UK with positive commercial property investment at the moment.

“There has been a significant amount of commercial property growth in the UK so far this year, particularly in the South East of England with London attracting foreign investment. However, the commercial property market is also going strong in many other areas of England, including in Yorkshire where we’re based,” explained a representative for the company.

Continuing, he said, “Economic and employment growth has played a significant role in the encouraging signs we’re currently seeing in the property and commercial property markets and we expect more improvements as we go deeper into the year.

“We have a large property portfolio and can provide a number of commercial spaces, from offices to factories, in Yorkshire. Whether you’re upgrading or downgrading your commercial premises, we can help.”

Wharfedale Property Company has an impressive property portfolio, boasting offices, warehouse and factory spaces in the Yorkshire region. Visit their website today at www.wharfedaleproperty.co.uk for more info.

For quotes contact Andrew on: 01924476496 or Andrew@wharfedaleproperty.co.uk.