First quarter sees £2.2bn investment in commercial property | 28 April 2011
Throughout the first quarter of 2011, some £2.2 billion has been invested in London’s commercial property market.
That’s according to The Telegraph, which cited figures published by an independent property agent, Cushman & Wakefield.
Figures confirmed that the volume of commercial property deals seen in the capital rose by 34 per cent, compared to those seen in the first quarter of 2010.
Furthermore, overseas investors accounted for over half of these deals, with 53 per cent providing the inner city deals, and 55 per cent providing the West End sales.
One industry insider, Clive Bull, gave his thoughts on the matter. He said that: “Demand remains strong from domestic and overseas investors as London continues to be perceived as a relatively safe haven for investment, especially with recent events around the world.”
“We are confident that 2011 will see volumes rise,” he added, potentially sparking positive news for the remainder of the year.
Yahoo! also confirmed that there were some £850 million worth of deals left to be settled within the West End, meaning even more investment could be ploughed into the capital over the coming months.
Written by Deborah Bates on behalf of Qube Global Software
While posted by Qube Global Software all views expressed are not necessarily those of the company. All facts are verified where possible directly by the author.
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