_Knight Frank sees Brexit bounce in Pre-Acquisition Instructions

Knight Frank Manchester surveyed and reported on more than 1m sq ft of assets last month as landlords and investors shrugged off the Brexit impasse to get back to business.

July 15, 2019

The Project and Building consultancy team reported a huge increase in instructions in May across the North West region and across all sectors.

Partner Nick Platt said: “As soon as Brexit was pushed back to the end of October there was a notable upturn in activity. Landlords and investors who may have been holding off have obviously decided they can wait no longer and want to progress before the summer break.

“We have been looking at instructions ranging from leisure and retail to office and industrial as owners look at maximising their assets and assessing their options.

“It makes perfect sense as they want to be prepared for whatever shifts and changes the market may make.

“We knew we had been busy but it was only when we added up the volumes that we realised we had reached the 1m sq ft mark – which is a first for a single month’s activity.”

For further information, please contact:

Nicholas Platt, Partner - Project & Building Consultancy, +44 161 838 7786