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UK classed as good buy , maybe the end is near for property price plunges

Specific to GMG type assets


Industrial Securities Europe to spend £200m in UK
13:58 | 10.03.09
By Mark Shepherd

Industrial Securities Europe, the private equity firm which is a subsidiary of London-based Marcol Group, is eyeing the UK for a £200m spending programme.

It is to target industrial, logistics and secondary office locations across the UK. In the north-west, it is examaning potential buys in Warrington.

'We think that the time is right now in the UK,' Stephen Lawrence, the chief executive of Industrial Securities Europe told Property Week. 'There will be good deals around this year, more so than we could expect to find in the European markets.'

Lawrence said that Industrial Securities, which is based in Luxembourg, pulled out of the UK between 2004 and 2005. 'Now we think there is good value to be found and we expect more stressed sellers to come onto the market.'

Industrial Securities Europe has a warehouse portfoilio comprising holdings across France, Belgium, the Netherlands and Germany.






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