Investment in the commercial property sector in Yorkshire and Humber reached £920 million during the third quarter of 2015 – two and half times more than the same quarter last year.
The latest edition of commercial property consultancy firm Lambert Smith Hampton’s UK Investment Transactions report reveals that investment volume in the region for Q3 is almost 10 per cent higher than the previous record of £841 million in Q4 last year.
At £431 million, the retail sector accounted for 47 per cent of the total volume invested. Industrial and logistics accounted for 19 per cent at £176.5 million, the office sector accounted for 12 per cent at £114.9 million. Total investments in other markets stood at £197.3 million or 21 per cent.
Bill Lynn, director of capital markets at LSH, said: “With the average deal in Q3 2015 being £22.4 million, compared with £11.4 million in Q3 2014, the figures are encouraging. Firstly, volumes are at virtually unprecedented levels confirming what we all know as an increasingly bullish market. Secondly the comeback of retail as a sector now showing the highest volume of deals and thirdly that overwhelmingly the biggest buying sector was UK investors.”