A new research by Lambert Smith Hampton (LSH) shows that investment in the East Midlands’ commercial property market did not slow down in the run up to the EU referendum.
LSH found transactions worth £423m took place in the three months to June 2016, a 421 per cent surge compared to the previous quarter, when transactions worth just £81m were reported.
Q2’s figure is above the five-year average of £281m, although it is down 17 per cent on the same period in 2015.
Adam Ramshaw, head of LSH East Midlands and Birmingham, said, “The East Midlands had a very strong Q2 compared to all other regions and it remains up on the five-yearly quarter average, too.
“As the political landscape changes and the government starts to negotiate Brexit, we expect investors to continue their interest in the East Midlands commercial property sector. The region is very well placed to benefit from investment and it is important to emphasise that it is still business as usual in the East Midlands.”
Investment hit £1.3bn in the Midlands Engine region overall during the three-month period, up 23 per cent on the second quarter of 2016.