Commercial Finance
Higher yields and property values driven by changing shopping habits – Aldermore
The changes in shopping habits driven by new technology have had a positive effect on some areas of property investment, according to Aldermore.
Speaking on Specialist Lending Solutions Television in association with Aldermore, the lender noted that while retail sectors were being badly hit, distribution and industrial were benefitting.
Aldermore commercial director John Carter said: “That change in shopping habits has had a positive effect on distribution centres or industrial and logistics, where the online shopping habits have now taken over.
“There’s much more need for logistics and moving goods to someone’s house and delivering to the door.
“So what you see is stronger yields and stronger values in distribution and industrials, versus where retail is suffering,” he added.
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This was echoed by Coreco specialist finance partner Matthew Yassin who added: “From a funding perspective, the enquiries we’re getting are more for storage warehouses and things like that.”
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