Hungry private investors target February auction

Private equity dominated the commercial property auction market in 2016, and private investors will be out in force at the first Acuitus sale of 2017 on February 16th.

Acuitus auctioneer, Richard Auterac, comments: “Investors who could not get their money into the market by the year-end will be looking to remedy this at our February auction.

“Sellers can take advantage of this pent-up demand and need to enter properties into our sale by January 18th.”

More than £350m of assets were sold at Acuitus auctions last year and six auctions are planned for the coming year. With the economy proving more resilient than many anticipated and some encouraging early indicators regarding manufacturing and construction, the popularity of property investment has been increased.

Richard Auterac comments: “"Property savvy high net-worth investors see a strong investment case for diversifying out of cash and bonds to provide long-term income for SIPPS, trusts and other investment and pension vehicles. This is creating exceptional demand for properties selling at auction – more than £1bn of commercial assets sold in the room last year for the first time since 2007. Our auctions are uniquely positioned to access private equity at the national and international levels. ​ The February auction will take place on February 16th at the Radisson Blu Portman Hotel, 22 Portman Square, London W1H 7BG