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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.

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Jan Thompson and Ian Cornock see chinks of light for the property sector in 2012
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Title Annotation:Features
Publication:The Birmingham Post (England)
Date:Jan 26, 2012
Words:164
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