The latest Acuitus UK Commercial Property Auction Review attracted a wide range of Acuitus clients to hear the latest analysis of the market and views on how it may proceed to the end of the year.
- Malcolm White of BW Investor Services highlighted that by the end of August around £560m in deals had transacted via commercial property auctions putting the sector on course for annual turnover of £850m-£880m. Rolling 12-month average yields hardened by 40 basis points in H1, with retail yields falling 100 basis points since Q1 2024 – a sign of shifting market dynamics and perhaps improving asset quality in auction supply.
- Stuart Buchanan of Acuitus Finance observed that, even though interest rates cuts have produced what equates to a 24% reduction in borrowing costs so far this year, some lenders are still looking to generate new business through creating new products with more flexible or lower cost facilities.
- Investment Director, David Margolis reviewed examples of assets that have been attracting auction buyers recently and reported that Acuitus has recorded £98m of sales in the year-to-date -a 23% increase over last year.
- Acuitus Chairman, Richard Auterac, reflected on how the auction sector had progressed in the year since the UK and US elections, and cited improvements in the level of demand for retail and office space as encouraging signals for the market.
To view highlights from the seminar, please click on the video below, and if you’d like to attend these seminars in future, please contact richard.auterac@acuitus.co.uk
