What has happened in the first six months of 2019 in the Commercial auction property market? The first of three podcasts reviewing the £300m of commercial property sales over the last six-months from the perspective of the auctioneers’ rostrum.
Allsop partner and auctioneer George Walker speaks to Jo Seth-Smith, Fund Manager from OLIM Property, about what they have experienced in the property auction market over the last six months of 2019.
Analysing trends from four of Allsop’s commercial auction sales in 2019 with an active investor will provide some insight into the market, where demand is strongest and where opportunities may lie.
Jo clarifies the specific mandate that her fund enjoys and what they have been buying and selling in the last few months.
The episode goes on to examine some of the clear trends that are emerging and how investors are reacting to what has been a tough few months, with a marked shift to quality.
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This year so far Allsop has sold £300m of assets, at a success rate of 83%, with 78 of the total lots sold at £1million or above and the conversation covers some of the buyer motivation behind these sales.
Full details of the analysis and overview of results from four of Allsop’s commercial UK property auctions in 2019, can be found in our publication online: Allsop commercial auction summer market review
You can find out more about our auction team at https://auctions.allsop.co.uk/ or the services Allsop LLP offer at https://www.allsop.co.uk/
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Allsop
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George Walker
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