Smiths Gore Appointed To Dispose of UK COAL Rural Assets
05 May 2010
Category: Investment, Valuation, Farm Agency
UK COAL to sell one-third of its 28,000 acre agricultural portfolio
Smiths Gore has been appointed to identify possible sales of agricultural land following the announcement by UK COAL earlier this week to sell around one-third of its 28,000 acre agricultural portfolio. It is anticipated that parts of the portfolio will be marketed later this year.
UK COAL intends to take advantage of the strong market values and increased buyer demand for agricultural land by disposing of a quantity of its farmland portfolio across the Midlands and the North of England. A shortlist of sites is currently being considered with a marketing campaign expected shortly.
The farmland market has remained resilient during the economic crisis and agricultural land represents a good investment. Values remained stable during 2009 and there are signs that the market will be more active in 2010. Demand for farmland continues to increase from both farmers and those looking for a strategic investment. Recently there have been few sizeable investment sales owing to lack of land offered to market. The Property Investment and Valuations Team reports growing interest from institutions looking to buy rural property to diversify their portfolios.
For more information on the disposal of UK COAL’s rural assets or to discuss the farmland market please contact Gerald Fitzgerald, Head of Property Investment and Valuations.
Ends
Contact:
Gerald Fitzgerald
Head of Property Investment & Valuations
T 020 7409 9492
E gerald.fitzgerald@smithsgore.co.uk
Issued by:
Sharon Hamilton
Press Office
T 01733 866561
E sharon.hamilton@smithsgore.co.uk