RE: I'm out at 7.5022 Dec 2014 20:44
can't see where flat or declining commercial property prices are coming from, comm rents are only increasing and in some of the areas where WKP have their stock, Holborn, Clerkenwell, Shoreditch, SE1 rents are motoring by the week, steaming on by a shortage of desirable available space by decent companies growing. Lets not forget these boys are turning what they had, pretty poor B1 space in some cases into top notch space that small/med companies are aspiring and can afford. They not even having to Cap Ex the refurb costs in some cases as the resi developers are forking out for that on the bigger WKP sites where they've gained planning, and WKP in some cases get some top cream of the resi values on overage payments. Along with Shaftsbury the best two Comm Prop plays in my opinion.