Wales offers good value to investors

Strong end to investment market in 2015

15 March 2016

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The Welsh commercial property investment market saw a strong end to 2015, as a number of large investment transactions completed in the final quarter and investment sales volumes for 2015 as a whole exceeded those in 2014. A growing trend seen by Cooke & Arkwright’s investment agency team, through their work on sales and acquisitions, was UK investors increasingly targeting opportunities in Wales in search of value for money.

Investment Director Nick Lawley said “We have seen a change in sentiment amongst investors over the last six months as more of them are seeking active management investment opportunities which offer the potential to increase value through asset management and rental growth.  Going forward, income return is also expected to form a bigger part of return on investment, and therefore properties that offer a relatively high initial yield are also proving ever more attractive.  As properties in London and the south east look increasingly fully priced, we are speaking to investors who think that Wales now offers good value.”

Mansford has expanded its investment portfolio over the last few years. Over this time Andrew West has provided us with a full rating valuation service which has involved giving a view on liabilities prior to acquisitions, as well as conducting negotiations with Valuation Officers on our UK estate. The portfolio includes a wide range of properties from shops, offices and pubs to major leisure schemes. He has been particularly successful in mitigating our liabilities to empty property rate, which has been an issue on acquisition prior to implementing our development and letting strategy. I have no hesitation in recommending Andrew's expertise in rating valuation for all property types. The profile of property within his portfolio and the successes achieved are testament to his position as an extremely accomplished rating practitioner.

Leopold Hall, Partner, Mansford LLP