Printer Friendly

Calls for year of stability.

The coming 12 months will be all about stability with financial pressures steadily easing according to a predictions event in the city.

Chaired by Jones Lang LaSalle's regional chairman, Jan Thompson, the agency's Midlands 'Property Predictions' event heard industrial specialist Cameron Mitchell suggest that speculative funding for sheds in the sub-30,000 sq ft niche could return as the year unfolds.

Meanwhile, investment director Allan Wilson was bullish about prospects in the industrial sector, saying there was funding available for pre-lets, where the lease and tenant are right.

The city centre market held up well during 2011 but Jon Carmalt, Jones Lang LaSalle's Birmingham offices director, doesn't see such a strong performance for 2012 and Michael Brough - who heads the Birmingham residential team - told the event that "significant improvements in city centre infrastructure" would be needed to drive the city centre market back towards its 2006 peak.


Jan Thompson and Ian Cornock see chinks of light for the property sector in 2012
COPYRIGHT 2012 Birmingham Post & Mail Ltd
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2012 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Features
Publication:The Birmingham Post (England)
Date:Jan 26, 2012
Previous Article:Invasion of the geeks has won the high street.
Next Article:Nurton secures Midland letting.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters