Almost half of City businesses owned by foreign investors | 29 January 2013
Figures gathered by IMAS have indicated that 46 per cent of businesses worth more than £100 million are now foreign-owned. According to londonlovesbusiness.com, researchers tipped this proportion to rise above 50 per cent within three years.
The research presents further proof of how attractive British commercial property is to foreign investors. Last week, a CBRE study suggested that two thirds of investment in London’s commercial buildings was made by foreign investors.
Speaking to telegraph.co.uk, IMAS founding partner Olly Laughton-Scott predicted that American and Asian founders would prove to be increasingly interested in the properties Britain has to offer.
He said: “The report reflects how extraordinarily open UK business is to overseas investment. America, with its huge financial services economy, is using the UK as its springboard into Europe. As America expands its interests, it will place more emphasis on the UK.
“As Asia becomes truly globalised, this will play to London’s strengths; they will come to Britain. China [investment] has grown the most rapidly over the last year and as financial services becomes increasingly globalised, we will see the largest proportion of that investment come into the UK.”
The views expressed in this post are those of the author and are not necessarily those of Qube Global Software. All facts are verified where possible directly by the author.
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