Allsop’s busiest commercial auction room this year has raised a total of £83.5m, driven by investor demand for larger lots and well-let retail assets, it reported today.
In the first auction since the UK General Election, investors turned out in high numbers, bidding also on the phone and internet to compete for prize lots. Despite, or possibly because of uncertainty in other financial markets, investors remained positive. The highest value lots were among the strongest performers with 23 lots selling for £1m and above.
George Walker, Auctioneer and Partner at Allsop, commented:
“With the General Election behind us, investors returned to the auction room with renewed vigour and optimism.
“Investors continued to seek high-value, high-quality, better-let assets, with competition for the larger lots in good locations very much in evidence, making our July sale one of the more successful auctions so far.”