The Swindon city in the United Kingdom has overcome all odds to keep the UK commercial property market on an optimistic lane. This situation is in stark contrast with other UK’s cities whose commercial property sector index is actually experiencing a downturn.
According to the latest survey findings by the Royal Institute of Chartered Surveyors (RICS), the period relating to the second quarter of 2011(April-June), gave credence to the aforementioned, based on the increased activity in the property market sector. The findings also reported that, the population sampled was of the opinion that a robust performance of the rental income was expected in the UK’s capital, with a negative performance widely expected in the other cities.
One of the activities that contributed to an upbeat performance in the south west London property market is an increase in incentives on offer by commercial property owners in favor of their would be clients. The market has also a remarkable potential for occupancy opportunities and this has modestly contributed to the positive indications of the southwest market.
In Swindon city however, hyperactivity in the commercial property in Swindon has of late been the order of the day. Some of the indications of the aforementioned scenario include:
- The already completed construction of a 796,000 sq. feet B&Q warehouse. Though slated for completion in July 2011 it was already done before the anticipated deadline.
- The opening of multinational corporations branches namely BHS and Topshop among others in parade, a shopping centre in Swindon city that served as a tacit vote of confidence in the commercial property segment.
A deal that quite raised the profile of Swindon city, was the recent acquisition of a commercial property by Dick Lovette Group for 2.7 million pounds after no activity especially at the same venue several years back.
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