North-west commercial mortgage holders 'seeing a recovery in the market'

26 April 2011

Written by Jeni Browne

Commercial mortgage holders with properties in the north-west of England may have noticed an improvement in the real estate market.

Over Easter, deals worth £30 million were agreed for business assets in the region, according to the Manchester Evening News.

Experts said this shows a rise in interest for commercial property in the area, with several buildings sold in recent weeks.

Orchard Street Investment Management and St Modwen were among the investors buying up north-west real estate.

A mall in Farnworth, Market Walk Shopping Centre in Chorley, a Warrington warehouse and offices in Wilmslow all exchanged hands over Easter, the news provider reported.

Investment Partner at OBI Property Gary Scorah told the newspaper that recent activity suggests that more investors are interested in speculating in commercial real estate in south Manchester.

This comes after Altrincham business Regional Property Solutions' added a £50 million Southport retail outlet to its portfolio, which is now worth £77 million.

Find out more on our commercial mortgages and how we can help you achieve your aims - enquire online.