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Knight boss James Barrack upbeat on prospects for Scottish markets
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Knight Property Group founder and chairman James Barrack
An Aberdeen-based property expert has said the Scottish logistics market is enjoying its strongest occupational demand in 25 years.
James Barrack, founder and chairman of Granite City-based Knight Property Group, highlighted a structural shift in demand for the industrial and logistics sector.
A driving factor is a seemingly insatiable demand for online shopping, which should lead to longer-term, “more sustainable” growth, he added.
Appetite is strong across the board in the industrial and logistics sector.”
Simon Cusiter, Lismore Real Estate Advisors
Mr Barrack was speaking as Lismore Real Estate Advisors launched its latest quarterly review of the Scottish property investment market, saying the road to recovery was “starting to become evident”.
View across to Atlantic Quay in Glasgow By Scott Wright A “WALL” of overseas investment is continuing to target Scotland’s “best long-income assets”, according to a report which underlines the recovery of the commercial property sector. The volume of commercial property transactions jumped by 71 per cent in the second quarter versus the quarter before, with £300 million of deals traded. While activity is still 30 per cent below the five-year average, as a result of the impact of the pandemic, the second half is expected to be more positive, according to the latest quarterly review by Edinburgh-based Lismore Real Estate Advisors.