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Yorkshire Commercial Property Investment In Q3 Reaches £301 Million

Annual Figure For The Region Hits £727 Million


David Shirt, Press Officer | 0161 838 3094

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."