Winning retail bids generated a total of £49m, according to the auctioneer, which shows the ongoing investor demand for this asset class, a trend that has been on the rise since the beginning of this year.
London properties saw high levels of demand, with fierce competition for some of the lots located in Camden and Colliers
Wood. The auction was also marked by a strong appetite for mixed-use investments, which particularly appealed to those looking
to diversify their exposure.
George Walker, partner and auctioneer at Allsop, said: “As the economic recovery continues, two distinct types of buyers have begun to emerge: those who opt for the safety of long-let assets paying very low yields, and those who buy into the higher yields offered by larger high street retail investments.
“We have witnessed very competitive bidding amongst buyers for retail and mixed-use assets this year. Over the past few
months, tenant demand has shown reassuring signs of recovery, and rents are starting to be paid in a more timely and
consistent manner, which has sent a positive signal to the market and is reflected in the £49m raised from the sales of retail
assets alone.”
Allsop’s next commercial property auction will take place online on 8 December 2021.
