London ripe for non-European real estate investors
Published on
05/10/2011 16:58:21
London is now the primary target in Europe for worldwide real
estate investors, according to the latest research from CBRE, a
global leader in commercial real estate.
England's capital receives almost five times as much investment
from non-European buyers as its nearest rival. During the last 18
months non-European investors have invested £21 billion into
European commercial property and London was the principal
benefactor of this investment, receiving a market share of 39 per
cent - five times as much as Paris with eight per cent.
Over the last few years equity-based investors have been more
influential in global real estate investment - from sovereign
wealth funds to pension funds with investment strategies targeted
towards core assets in extensive, fluid markets. As a result London
has been the primary choice in Europe for this type of
investment.
Dr Peter Damesick, EMEA chief economist at CBRE, said: "Capital
flows into European real estate from elsewhere in the world show a
pronounced concentration in a small number of cities with London as
the single most important destination and far ahead of other
markets.
"London's attractions for global real estate investors reflect a
powerful complex of attributes, including its status as a global
financial centre; the size, depth and liquidity of its investment
market; its openness and transparency; and the advantages of its
lease structures for investors."
At Pall Mall Estates we are fortunate to boast an exciting
portfolio of commercial property to let in
London, offering a wide array of service, industrial and retail
business opportunities in the City.
These are exciting times for the capital, as it gears up to play
host to the 2012 summer Olympic Games which is sure to create a
lasting legacy for businesses and commercial property landlords in
the years to come.
Image: costi