Commercial property investor demand 'high at auction'

Those looking to invest in commercial property are paying an increasing amount of attention to auctions at the moment, according to an expert.

Savills' head of commercial auctions, Simon Parker, made the comment as the organisation launched its new sales catalogue in preparation for its upcoming auction in July at Claridge's Hotel in London.

Properties of note that will be featured in the bidding include office building Q-Matic House in Uxbridge, as well as units at The Crescent on Birmingham Business Park.

Discussing the plans, Mr Parker said: "Investor demand within the auction market remains buoyant with good opportunities emerging for those buyers with access to cash.

"However, there also continues to be a slowdown in supply as the level of distressed sales feeding through from the banks has not been at the pace initially predicted."

Recent figures from Cushman & Wakefield revealed that the number of retail-based commercial property units available in the UK is on the rise.