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Why property can thrive in inflationary or deflationary environments
by Drazen Jorgic on Feb 12, 2010 at 08:00
Pockets of opportunity
Arenson team of 12 full-time property specialists aim to grow income and add value by refurbishing vacant space, letting-up vacant floors, renewing leases and reducing running costs for properties worth £20 to £30 million.
Although he believes there is a supply and demand imbalance in high quality properties, Arenson notes property investors can excell in the current climate provided they have built up cash reserves and deploy capital in a strategic manner.
He said: 'There is not enough supply in that £20 to £30 million range as there is not a lot of stock around. We raised a fund in early 2008 and sat on the cash until March 2009 and then we were able to pounce on these buildings. In fact we are in the process of doing the same thing again as we still have some cash left.'
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1 comment so far. Why not have your say?
Ian
Feb 12, 2010 at 16:20
"Last week’s announcement by Stenham that it had sold a prominent commercial property in Grosvenor Gardens for £40 million, nine months after purchasing the building for £25 million, was another indication that commercial property was on the mend."
Wouldn't this indicate that the top has been reached? Otherwise, surely they'd keep it.
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