Industry analysis by the debt advisory specialist, Sirius Property Finance, reveals that the UK’s commercial property remodelling market is set to continue its strong post-pandemic bounce back with 2023 revenue forecast to maintain last year’s strong upward trend.
Previous research from Sirius Property Finance revealed that the UK’s commercial construction market is forecast to grow by 2.8% by the end of 2023, reaching total market revenue of £19.21bn for the year.
Now, Sirius Property Finance has looked at the market size, based on annual revenue, of the commercial remodelling market – which covers works such as renovations, alterations, retrofit, maintenance, and repair work – with the data suggesting that many commercial developers are looking to revamp rather than build new in order to keep costs down in the face of uncertain market conditions.
Real Estate Credit Investments Limited (LON:RECI) is a closed-end investment company that specialises in European real estate credit markets. Their primary objective is to provide attractive and stable returns to their shareholders, mainly in the form of quarterly dividends, by exposing them to a diversified portfolio of real estate credit investments.