London offices and other commercial premises attracted $6 billion (£3.6 billion) of investment in the second quarter of 2011, new figures have revealed.
This made the UK capital the second biggest city for
commercial property investment after New York and ahead of Toronto, Hong Kong and Singapore, according to Jones Lang LaSalle.
Offices represented more than 40 per cent of investment during the period and overall market volumes are expected to stand at $440 billion by the end of year, although this is dependent on how the economy fares in the meantime.
The report follows figures from the Investment Property Databank suggesting that
London offices are seeing strong growth at the moment, with the UK office sector as a whole being the only segment of the commercial property industry to experience capital appreciation in July.
F&C REIT also released a note indicating that
central London offices are set to continue to outperform the rest of the UK.
Posted by Sarah Dudley
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