Continental European Investors Covet London MarketBy
The investment community across the pond is keen on United Kingdom’s number one hub, putting its money where its mouth is, Savills research shows.
The investment community in Mainland Europe is keen on London, and it’s putting its money where its mouth is, according to newly released research from global real estate services provider Savills. Year to date, investors on the Continent have doled out £1.7 billion, or approximately $2.2 billion, on commercial real estate in Central London, representing 31 percent of market activity.
“Investors continue to recognize London’s attractiveness as an international market place and a safe haven for capital,” Felix Rabeneck, director with Savills, said in a prepared statement. Among the larger displays of confidence was Germany-based Deka Immobilien’s acquisition of the fully occupied, 418,200-square-foot Cannon Place office property from Hines for £485 million—roughly $628 million—in mid-April…
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