Q2 2018 was a subdued quarter, with investment volumes up on Q1 but 32% down on Q2 2017 and down on the 5-year Q2 average
In terms of numbers of transactions, Q2 2018 was 46% down on Q2 2017 and 47% down on the 5-year average for Q2
The above two stats. mean that Q2 2018 has been one of the quieter Q2 s for the past 5 years, however this is in part due to unfortunate timing, as there is c. 525m of stock currently under offer, as well as a sizeable volume of stock being marketed, which should boost the Q3 investment volumes
This quarter has been marked by the return of the Councils, lead by Runnymeade Borough Council, who acquired Pine Trees, Staines and the VW Financial HQ in Milton Keynes for a combined 130.85m
Institutional funds have remained active, carrying on the trend seen from Q1
Private Equity Managers & Investment Managers continue to actively seek core + & value add stock but remain frustrated by the lack of opportunities
We are seeing an increasing polarisation in the levels of interest achieved for assets coming to the market – either experiencing competitive bidding or little interest – which is reflective of investors targeted requirements and rigid mindsets
We believe that investment sentiment is lagging occupational sentiment – which is unusual – as typically investor sentiment is stronger
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