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Saving For a Space Ship

Fears Of Bubble Rise As Property Investment Vols Hit Record + Commercial Anecdote

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"Fears of bubble rise as property investment volumes hit record" (google title to see article ) or subscribers http://www.ft.com/intl/cms/s/0/3439fc8c-99b1-11e4-93c1-00144feabdc0.html

I don't remember seeing this FT article from the 15th Jan mentioned .

Anecdotally, re: Commercial Property.

I spoke to a Commercial Property Ea today, he claimed that 70% of london commercial was now owned by foreign orgs / individuals. Prices were back to 2007 height.

This is forcing pension funds / insurance co's / investors to look outside London, to rest of Uk commercial property market & is boosting market there.

Article from last Aug FT

International capital drives up demand and price for UK property

http://www.ft.com/cms/s/2/86b87ba0-f079-11e3-8f3d-00144feabdc0.html#axzz3PGyjXGJd

Edited by Saving For a Space Ship

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Manchester Evening News, been reporting on heated deal activity for a while.. few years, and lot of people rubbing their hands about world money to come in. G-Neville seems to have snapped up a few places. You've got Co-op's new building of glory, 1 Angel Square (pic) although could be on some lease-deal/sell back with a German firm iirc.

Bruntwood raised some £50M on retail bonds in 2013ish (5% or 6% offering investors from memory). [2013:... 'Bruntwood, which claims to own 20 per cent of Manchester city centre's offices and 10 per cent in Liverpool city centre also plans to use the funds to redevelop some of his existing portfolio to boost rents and capital values.']

The city centre buildings that could be sold in a £1bn spending spree by global money men
14 Jan 2015


The £91.7m purchase of a Spinningfields office block could be just the start of a £1bn spending spree as UK and international investors buy up central Manchester.

M&G Real Estate confirmed on Tuesday that it is to buy 3 Hardman Square in a deal with Credit Suisse Asset Management. The 179,000 sq ft block at Spinningfields is home to occupiers including WorldPay and Towergate Insurance for £91.7m.

It was the former home of failed law firm Halliwells, which collapsed after a controversial property deal struck by some of its partners.

It comes just a few weeks after German investor GLL Real Estate Partners has sold the 54,300 sq ft office block at 4 Hardman Square to Orchard Street Investment Management for £31m, and just months after M&G made another major Manchester purchase, paying £320m for the RBS head office at 1 Spinningfields Square.

[..]“10 years ago the city centre was mostly owned by UK institutions - insurance companies and pension funds - but we should expect to see their role shrink and international investors grow. We‘re already seeing a lot of German investment, but we‘ve not yet seen the Malyasians or the Koreans or, with a few exceptions, the Chinese.

“There is a whole raft of new world money that will make its way into Manchester in 2015.”

more http://www.manchestereveningnews.co.uk/business/city-centre-buildings-could-sold-8440752

And just remembered... change seems to have hit Towergate, when only recently....

Towergate Insurance officially launches new Manchester base
Manchester Evening News-28 Aug 2014
The new Manchester office of Towergate Insurance has been officially opened by its chief executive Mark Hodges and Manchester City Council ...

Other: http://www.manchestereveningnews.co.uk/business/manchesters-park-inn-hotel-sold-8472105

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The BoE assured me there was no bubble.

That's right, Mark C has his finger on the economic pulse of the country and will act to address any hiccups, which won't happen because he is so in control! I have so much faith in that guy, if only he was in charge of the BOE in 2007! Imagine how much rosier things would be now! Ahem :P

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That's right, Mark C has his finger on the economic pulse of the country and will act to address any hiccups, which won't happen because he is so in control! I have so much faith in that guy, if only he was in charge of the BOE in 2007! Imagine how much rosier things would be now! Ahem :P

Not heard much from this man recently.

Has he left ?

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Not heard much from this man recently.

Has he left ?

Think he has realised less is more, all the forward guidance targets concerning IR`s/ unemployment were reached and he done squat ...best keep it shut must be the new moto

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