Auctions
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Alternatives: Convenience retail, medical and more
Prideview’s Annual Market Review gave investors insight into increasingly popular property sectors.
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Despite the turmoil, well-priced opportunities still attract bids
Bidders still keen to compete at auction for better-located and well-let investments
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BidX1 names Schober as UK COO
Digital auction house appoints Antony Schober as chief operating officer of its UK business.
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Strettons raises £9.3m from 60% of lots
Strettons raised £9.3m from its October sale, with a success rate of 60% including post sales
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Barratt offloads Aberdeen empty rates liability
Largely vacant office tower that attracts a large empty rates bill sold for just £20,000
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McHugh sale brings in £12.5m
Sales post event push the success rate from 71% to 75%
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Auctions: recent sale results
Barnard Marcus sold 54% of lots offered at its 17 September sale at the Grand Connaught Rooms, WC2, raising £18.6m.
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Allsop results remain relatively resilient
Allsop, the UK’s largest commercial auctioneer, has reported strong half-year sales figures of £320.5m, down only 10% on the previous year’s £357.8m amid high street woes and ongoing Brexit uncertainty.…
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Grade-A office under the hammer with no reserve
The owner of a grade-A office block on a business park in Peterlee, County Durham, has decided to risk the vagaries of the UK property market by placing his building…
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Mixed-use lots to continue to perform
Comment: Auction results in the first half of 2018 have proved that mixed-use lots continue to be the most sought after by investment buyers, mainly as a result of tax…
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LSH auctions team exits
Lambert Smith Hampton’s entire property auction team has left the business. The highly regarded team of six led by national head of auctions Oliver Childs is expected to launch a…
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Is selective licensing a ‘blunt instrument’?
COMMENT: An increasing number of buy-to-let landlords across the UK are being hit by the introduction of selective licensing. But is this is the correct way to regulate the PRS…