Newspaper article Manchester Evening News

Investors Cautious as Deals Drop

Newspaper article Manchester Evening News

Investors Cautious as Deals Drop

Article excerpt

INVESTMENT into north west businesses has fallen sharply in the third quarter of 2016, with deal value less than a quarter of that seen a year ago, according to Deloitte.

Conducted in partnership with Experian, the business advisory firm's research shows that 13 inbound deals were completed in Q3 2016, worth a total of Pounds 121m where disclosed. In comparison, 26 transactions were finalised during the same period last year, valued at Pounds 960m. July saw the quarter's largest single investment, as US-based real estate investor LaSalle Investment Management acquired a private rented sector scheme from Renaker Build for Pounds 110m.

Split into two phases, the development will see the building of 497 apartments in Manchester city centre.

British companies have also shied away from making large scale investments overseas in the last quarter. …

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