The first Acuitus commercial property auction of this year will feature 60 lots and will take place on February 14th.
The properties in the auction represent around £3.4m of rental income and the lots have guide prices ranging from £50,000 to £2.75m
Investments are being offered from across the office, retail, industrial and leisure sectors from vendors including Aviva Investors, Colliers capital, Wesleyan Assurance, and other major fund managers, banks, trustees and fixed charge receivers.
Looking to the year ahead, Acuitus Chairman, Richard Auterac, comments: “Our expectations for this year are cautious but generally positive. There are early indicators of greater pricing caution in secondary locations arising out of the well-publicised concern around some of the weaker national retailers. Nonetheless, private investor demand for quality assets delivering a secure income return, particularly in the under-supplied £1m-5m price band, will continue as the investment fundamentals are still strong and alternatives to commercial real estate remain few in number”.
Investments at the February auction include:
The auction will take place at the Radisson Blu Portman Hotel (22 Portman Square, London W1H 7BG).