UK prime yields for most property types remained stable in February 2012, compared to their December 2011 levels, according to the latest report issued by Cushman & Wakefield.
According to this report, UK market yields for commercial property have remained stable for shop units, shopping centers, offices, warehouse and industrial space, with the exception of a few subcategories within these property types that registered increased yields.
In particular, UK prime yields in February 2012 for shop units in secondary retail increased by 25 basis points to 8.75%. Furthermore, retail warehouses in shopping parks and bulky goods parks registered an increase of 25 basis points as well.
Finally, CBD offices in secondary cities registered an increase of 25 basis points, while office property yields in Central London maintained their December 2011 levels, ranging from 4% for prime London West End properties to 6.25% for Thames Valley properties.
In the case of shop units, UK prime yields in February 2012 ranged from 4% in Central London to 7% in smaller market towns. Shopping center prime yields ranged from 5.5% for regional dominant shopping centers to 9% for shopping malls in small urban centers.
UK prime yields for warehouse and industrial space ranged from 6% for Distribution/Warehouse buildings to 7.25% for regional industrial estates.
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