A new report by Savills into the state of the UK's leisure sector has noted that there has been a sharp upturn in investor demand for assets in the industry. According to the organisation, "a slightly more sophisticated buying market has recognised that the leisure occupational market has remained robust".
In its review of the sector's performance for the first half of this year, the company noted that the definition of prime leisure assets has broadened, while yields for such properties currently stand at 6.25 per cent. Julian Bentham, a director in Savills' valuation team, explained that many investors are focusing on real estate in the retail, office and logistics industries.
Meanwhile, a recent report from Jones Lang LaSalle revealed that Europe-wide investment in the retail sector was significantly higher in the second quarter of this year compared to the same three-month period in 2010. The research also showed that attention is firmly on the UK and Germany, with 56 per cent of total investment volumes being accounted for between these two markets.
- Thursday 28 July 2011