Growth of UK commercial development was maintained in May fuelled by a rise in private sector activity, helping to offset falling public sector development, Savills Commercial Development Activity report has revealed.
Following a dip at the end of 2009, private sector retail and leisure activity peaked at 10% in January 2010. It took a dip in February and March and steadily increased back to 10% in April and May 2010. The report surveyed 200 property developers across the UK but it has not been revealed how many developments are in the hotel sector.
See the full report here: http://www.savills.co.uk/research/Report.aspx?nodeID=11356