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Business loan for commercial property investments
Reported on Thu, 18 May 2006
Britain's commercial property market is looking set for a period of growth, according to a leading investment analyst - and firms seeking to expand could take out a business loan to boost their plans.
According to Roger Dossett, manager of the New Star property unit trust, demand within the sector remains vigorous throughout the UK, when out-of-town shopping patterns are boosting the appeal of retail warehouses and offices.
"As long as the economy is stable and there are no oversupply issues then the outlook for commercial property should remain attractive," he anticipated.
"We have seen consistently positive returns over ten to 15 years in commercial property," he said, suggesting that "prospects for rental growth are strong" and would "deepen the market and stimulate interest" even further.
The Royal Institution of Chartered Surveyors has predicted that total returns for UK commercial property will reach 17 per cent in 2006.
Companies can take out a business loan to redevelop their existing offices or support expansion into new premises.
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