The darkening shadows over the UK commercial property market - AOL UK

The darkening shadows over the UK commercial property market – AOL UK

Grosvenor Group, which deals with a £6.5bn worldwide property portfolio for the Duke of Westminster and claims enormous lumps of the most costly bits of London, saw add up to returns on its UK and Ireland properties tumble to 0.3% a year ago. Grosvenor is additionally halfway protected by the way that the portfolio is worldwide. Shortcoming in sterling and a better than average appearing in different abroad markets implied that the gathering’s portfolio made aggregate returns of 8% a year ago.

Key Takeaways:

Grosvenor Group, which deals with a £6.5bn worldwide property portfolio for the Duke of Westminster and claims enormous lumps of the most costly bits of London.
It doesn’t precisely come as a shock. Close to the begin of a year ago, CFO Nicholas Scarles said that the top end of the business and private property showcases in London had bested out.
That obviously, would benefit from outside intervention or prevented by the moving toward decision.

“House prices at the top end of the London market have fallen sharply.”