EXPO REAL: Bilfinger GVA chief executive Rob Bould told European investors this morning that UK local authority land would be the biggest source of returns going into 2016.
Speaking at an exclusive business breakfast for investors at Expo Real, hosted by the British Property Federation, Bilfinger GVA and Estates Gazette, Bould told delegates that the UK was about to experience the best investment year since records began, with £70bn of incoming capital and total returns of 15% this year, and 8% next year.
He highlighted the lack of prime grade-A space as a major opportunity for investors in the UK regions, pointing at there being just two years’ supply in Glasgow and six months in Birmingham.
