Research by Lambert Smith Hampton reveals that North West property investment in the three months to the end of June was at the highest level since 2011.
The total value of commercial property investment transactions in the North West increased by 38% from £211.4m in the first quarter of 2013 to £292.5m in the second, according to LSH's quarterly research, UK Investment Transactions.
In the second quarter of 2012, commercial property investment in the North West stood at £142m.
Activity in the region during the second quarter of 2012 was dominated by Crown Estate's acquisition of The Coliseum Shopping Park at Ellesmere Port for £80m, accounting for 28% of total investment activity.
Other key deals included Oaktree Capital Management and Moorfield's acquisition of 100 Barbirolli Square, Manchester, for £41m; LaSalle Investment Management's acquisition of the shopping centre at Church Square, St Helens, for £27.73m; and Canada Life Assurance's acquisition of Grand Central, Stockport, for £22m.
Abid Jaffry, director and regional head of Capital Markets at LSH, said: "The number of key transactions completed in Q2 2013 highlights the growing appetite for investment in the region.
"The major investors within the North West were UK Buyers, accounting for 93% of the quarterly total, as they seek value away from the ultra competitive Central London market.
"However, there is still the problem of a lack of prime stock to satisfy the growing number of requirements."