CBRE Reports Increase in Leaseback Deals and Sales
December 7th, 2009Property agents CBRE report a significant increase in leaseback deals and sales across
The property market in
A major leaseback deal and sale has come from HSBC, which recently sold its
A property is sold by a company to a new owner in such a deal so that hassles of ownership can be got rid of. However, at a later stage, office space is let from the new owner by the same company that once sold the property. It is believed that the real estate market is going to be affected significantly by such office rental deals because of the present dearth in commercial office space. This is despite the fact that general rents have dropped down to almost 50% over the last 36 months, owing to downturn in the economy.
According to John Wilson, head of CBRE’s corporate strategy department, companies are increasingly going for leaseback deal and sale in order to make profits in the volatile market scenario. Considering this trend, businesses that enter into such deals and sales early will reap profits and come out on top.
