Annual Figure For The Region Hits £727 Million

New research by Lambert Smith Hampton has revealed that investment in commercial property within Yorkshire reached £300 million during Q3 of 2013.

The amount took the total figure for investment for the year so far to £727m – representing a 21 per cent increase compared with the same period in 2012.

The report revealed that the industrial and distribution sector generated over half (£157m) of the money invested during the three month period.

Abid Jaffry, regional director of capital markets at LSH, said: "Activity levels across all main sectors in the market look very positive going forward. We have experienced considerable interest in assets we have marketed, to a point where we are now seeing highly competitive situations with a number of investors. This is beginning to drive pricing levels higher - a situation we have not seen on a consistent basis for some time."

Expert Opinion

The results here are very encouraging for the Yorkshire region <br/> <br/>“Although we welcome these findings, we would urge organisations to make sure that their interests are protected via well drafted legal documents including the construction documentation and contracts that will accompany these developments. <br/> <br/>“It is also worth bearing in mind that an increase in property investment and development usually coincides with an increase in disputes about payment, defects and delays and other issues. <br/> <br/>“It is vital, therefore, that businesses choose legal representation such as ourselves, with experience in handling construction adjudications, mediation, litigation and arbitration.” <br/>