Europe

Northern powerhouse: opportunities for big investment

Where in London or the South East can you get double-digit yields and the prospect of long-term capital growth? The answer is: nowhere. You need the northern powerhouse for returns like that.

Ismail Ghandour, chief executive of Ace Liberty & Stone, has been buying in the North for decades. His latest acquisition is a 17,000 sq ft office block in Gateshead.

“Prices have gone through the roof in London, and I can only see value in the northern powerhouse,” says Ghandour. “The yields are better and there is the prospect of real capital growth, particularly…

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