Foreign investors have been behind many of the large property transactions in the UK this year. They have been especially dominant in London and the South East with sales such as the Battersea Power Station, which was sold to a Malaysian consortium. What impact do foreign investors have on the UK’s commercial property market? Do they give the market more stability?
A recent report indicated that tenancy lengths for SMEs are getting shorter, with the average letting period now standing at 4.1 years. Given the ongoing eurozone crisis, do you think the trend for shorter leases is here to stay for the foreseeable?
David Hughes sums up his entrepreneurial career to date thus: four spectacular successes and two failures. He founded the sports retailer Allsports and achieved turnover of £180 million before a vicious price war meant decline, administration in 2005 and a sell-off to rival JD Sports.