London commercial property favoured by German investors | 6 November 2012
A second study has shown that foreign investors are making up much of the commercial property investments within London, property-magazine.eu reports.
Following on from a similar report published by DTZ, manufacturer Hawker Beechcraft Corporation (HBC) has found that foreign investors are increasingly turning their attention to the UK capital, with the trend equating to a portfolio value of roughly £39 billion.
German investors make up the largest share, accounting for around 13.5 million square feet of office space which equates to a value of roughly £12 billion. This represents a third of the total foreign investors coming from Germany alone.
Rather unsurprisingly, the increase in German investment into London has also coincided with an increase in air travel to the capital, with business flights from Germany accounting for a third of the worldwide total.
Elsewhere, the Middle East and Ireland were among other strong investors in London, accounting for £4.5 billion and £3 billion worth of commercial space respectively.
HBC president for Europe, Middle East, Africa and Asia Pacific, Sean McGeough, told freshbusinessthinking.com of the results: “London remains one of the biggest and most influential financial capitals in the world and it is therefore no surprise to see that commercial properties in the City are still very much sought-after by overseas business.
“Not only is London perfect for conducting business on a global scale, but it is also supported by a high number of business airports such as London City, Biggin Hill and Farnborough, allowing for travel into the heart of the city from continental Europe within a matter of hours.”
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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