INDUSTRY NEWS

IPD: Commercial property derivatives up 67%

The Investment Property Databank (IPD) has revealed trading in UK commercial property derivatives increased 67 per cent on the same period last year, Reuters has reported.

During the three months to June there were 302 trades, beating the earlier record of 283 set in the first quarter of this year.

Nick Scarles, group finance director, Grosvenor told the news agency: "The substantial increase in year-on-year volumes reflects the continuing strength in the growth of the derivative market at a time of setbacks in both values and trading volumes in the physical market."

The IPD also reported the UK still dominates the European commercial property market, despite French property derivatives now exceeding £1 billion

Building activity in east London has increased following investment in extra infrastructure for the capital’s hosting of the 2012 Olympics.

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