Lamport Bassitt Solicitors - Legal News - Commercial property 'has passed its cyclical low'


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Commercial property 'has passed its cyclical low' The commercial property market in the UK is recovering, it has been claimed. According to Oliver Whitehead, chairman of property developers Minerva, interest in high-quality sites - of which there is a shortage - is driving demand, the Times reports. He remarked: "A consensus has formed that we have passed the cyclical low for commercial property transactions." Indeed, Minerva - which has a number of real estate developments, including city office space, high-end residential property and mixed-use schemes - has revalued its portfolio. In addition, it has just completed the Walbrook Building and is in talks with tenants. According to Mr Whitehead, the firm is confident that, with the limited supply of new offices in London, the building will be "successfully led on attractive terms". Recently, Paul Arenson, managing director of Stenham Property, also suggested that the UK's commercial property market represents a good investment and is not in danger of being overvalued, Citywire.co.uk reported. Related Articles: 30/3/2012 - EPC changes to affect buy-to-let landlords 27/3/2012 - Rent increases drive strong buy-to-let yields 27/3/2012 - Property industry welcomes 'sensible' planning reforms 2/3/2012 - Arla advises landlords to 'invest wisely' 1/3/2012 - Basel III could hit commercial property lending More Property Law News