Retail and industrial tops private investor wish list, says Allsop
The majority of property investors are looking to put their money into industrial and retail assets in the UK in 2021, according to Allsop’s commercial market survey.
Allsop posts stronger results at first resi auction of the year
Allsop raised £53m at its first residential auction of the year last week, selling 152-lots – or 77% - from a 202-lot catalogue.
Acuitus sells 96% of February lots after uptick in confidence
A Tesco Express in Aberdeen that was set to be the star lot at Acuitus’s 11 February auction failed to sell due to a high asking price, according to chairman and auctioneer Richard Auterac.
BidX1 raises £4.4m in February auction
Online auction house BidX1 has raised £4.39m at its 17 February sale – selling 24 lots from a 29-lot catalogue, reflecting an 83% success rate.
BidX1 doubles UK sales year-on-year
Online auction platform BidX1 has doubled its UK sales year-on-year, recording a total of 6,980 bids on UK property in 2020.
Allsop offloads Coventry shopping centre for nearly £5m at latest auction
A 219,503 sq ft shopping centre in Coventry went under the hammer for £4.85m at Allsop’s commercial auction this week, despite being valued at £37m eight years ago.
Allsop hopes to lure investors with bumper resi catalogue
First 2021 catalogue is larger than equivalent February 2020 catalogue and features number of £1m-plus lots.
Strettons eyes buyers looking for lots of redevelopment potential
Properties offering redevelopment opportunities are expected to be the star performers at Strettons’ next auction, on 17 February.
Development potential dominates Strettons February catalogue
Properties with redevelopment opportunities are in high demand, Strettons reports, and will be the star lots of the firm’s next auction, on 17 February.
McHugh & Co raises £37m at January auction
McHugh & Co raised a total of £37.3m at its 28 January sale, selling 156 lots from its 165-lot catalogue, reflecting a 95% success rate.
Auctions are now at the cutting edge
Covid-19 restrictions on ballroom sales have fuelled a tech boom in the sector.
Latest finance comment
Will lenders check out of hotels?
Companies in the travel and tourism industry have been among the worst casualties of the pandemic. According to PwC, the 2020 figure for revenue per available room (RevPAR) was the worst since benchmarking began, while UK hotel occupancy rates in 2021 are forecast to be 55%.
