Bristol is ideally situated to take advantage of the ripple effect caused by London’s dominance of the UK commercial property market, according to specialists at Colliers International.
A high-powered meeting organised by Colliers International at the Grand Connaught Rooms in Holborn was given an encouraging report by financial guru Anatole Kaletsky, whose forecasts were rather more optimistic than most of the 300-strong audience had anticipated.
Head of Colliers International Bristol office Tim Davies said Anatole Kaletsky’s positive take on business prospects for 2012 coincided with several financial forecasts predicting a modest upturn in confidence.
He said: “Along with many commentators Anatole is convinced that London will continue to dominate the UK property market supporting enviable rental levels across all property sectors from residential to industrial, retail and offices.
“We believe Bristol, as the financial hub of the South West, is best placed to take advantage of the inevitable ripple effect from London.”
Tim Davies said ease of access to the M4 and M5 motorways plus the increasing importance of the dock facilities at Avonmouth and Portbury would encourage businesses into the Bristol area.
“Anatole believes London property will remain attractive over the long term as it retains its position as a global financial hub.
”The fact that Bristol is the UK’s financial second city will help ensure the region takes full advantage of the anticipated economic recovery.”
