|
Greater clarity on Brexit was supposed to bring a rebound in UK commercial property volumes and prices. But the coronavirus pandemic has put that idea on ice.
European deal activity was down 18% in the first eight weeks of 2020, according to Real Capital Analytics. And the pullback of many investors from deals could provide an opportunity for the brave to pick up a bargain.
“There’s going to be opportunities like never before,” Toscafund Asset Management Chief Economist Savvas Savouri told The Times.
He said that for the next two quarters, there would be an opportunity to buy UK property assets at compelling prices. Savouri was one of the few analysts who, during the worst depths of the 2008 financial crisis, argued that London and UK property prices were being discounted too deeply, a prediction that proved on the money.
So who are the investors that have raised big pots of cash or are in the market looking for equity to target any potential bargains that arise in the UK? Here are seven players with cash to spend, according to Preqin. Ares ManagementU.S. investor
Read the full story here.
|
