Following the announcement made by the RICS that the Material Valuation Uncertainty Clause could be lifted for London Offices and investment grade student accommodation, Colliers International’s Head of City Valuations Martyn Munford said:
“We have seen some transactions put on hold during the lockdown period across central London, however more recently there has been renewed activity which suggest that there is continued appetite from investors for core central London assets. This change will be welcome news to a number of investors and lenders who have been cautious in their approach over the last few months.”
He continued: “With companies returning to the office over the coming months we expect deal volumes to increase, particularly given the current low interest rate environment and London’s attractive pricing compared to other global cities.”
