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UK commercial property bottom expected by end of 2009

Posted on 03 July 2009

From Propertywire.com: The UK commercial property market is likely to reach bottom at the end of this year but mothballed sites probably won’t be viable until 2011, it is claimed.

‘You can’t see people putting spades in the ground again until they can achieve a pre-let. When might you get that rent again? It certainly won’t be before the end of 2010, beginning of 2011,’ said Mike Sales head of property investments at Henderson Global Investors……….Full Article: Source


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