Bath’s potential to be highlighted to international property investors

May 29, 2012
By

Commercial property opportunities in Bath are to be showcased to national and international investors and developers in London this week.

The event is being staged by property firm Jones Lang LaSalle, which has an offices in the city, to attract more inward investment into Bath and the region.

Senior directors from the offices, with colleagues from its Bristol, Exeter and Cardiff bases, will give detailed briefings on the market to 100 top London-based investors from major banks, pension funds, property companies and developers.

Head of the Bristol office Jeremy Richards said: “The South West is the best region to invest in outside London, being more resilient than most areas due to the breadth of its economy, and we need to get this message across.

“The region has major clusters across a diverse range of sectors including science and technology, green tech, manufacturing and aerospace and creative and media in the Bristol area, whilst cities like Bath are strong in retail and further south leisure and tourism are leading sectors.

“There is also important news to convey about improvements to our infrastructure which has, for a long time, been one of the region’s major challenges. We now have £300m committed from the Government for new roads around Bristol, and road improvements elsewhere in the South West. Rail electrification to increase speed and capacity is coming on the main route from Cardiff to Paddington, a £150m expansion is planned at Bristol Airport and superfast broadband is available in Bristol’s Enterprise Zone and the Science Park.”

International property firm Jones Lang LaSalle merged with UK agents King Sturge a year ago, giving the Bath office access to a huge range of clients and contacts across the world.

“We know there’s strong interest for property investment in the South West, but rather than wait for busy investors to find time to come here, we decided to fly the flag for the region by taking it to the capital,” added Mr Richards.

 

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