UBS Triton to sell £100m in UK property

Office design news from Morgan Lovell

Published on 23-10-2009

UK property fund UBS Triton is planning to dispose of £100 million worth of property - including residential, retail and office interior space - over the coming months.

The fund at present totals 20 assets and these buildings are to be sold in order to take advantage of the present demand for investment in the UK property market.

Anthony Shayle, former AxaReal Estate Investment Managers' regional head of UK and now head of UK real estate at UBS, said: "We want to test the market. The current strength of the market should be grabbed. There is a scarcity of product for investors."

Elsewhere, Andrew Pitts, editor at Money Observer, recently noted there are presently many "interesting opportunities" for investment in the commercial property sector in the UK.

He claimed overseas investors are becoming more aware of the benefits of modern office design space in London and other major cities of the UK and as such, the months ahead could see a flurry of activity on the investment front.