London commercial property investments 'popular with overseas buyers'
London's commercial property sector has proven to be successful in sheltering from the effects of the eurozone crisis.

Such is the opinion of global head of property at Aberdeen Asset Management Andrew Smith, who told the Financial Times that a limited supply of London offices and strong international demand have helped bolster the market.

Meanwhile, the newspaper pointed to data from Real Capital Analytics, which showed that in 2011 £10.21 billion was spent on London's commercial property sector by US, Middle Eastern, European and Asia institutions.

In total, £13.2 billion was pumped into the UK's commercial property market, with London investments therefore accounting for 77 per cent of this.

Investors from Spain, Italy and Greece are increasingly looking towards London to invest their cash in a bid to shelter themselves from their countries' economic problems, the British Council for Offices recently asserted.

London is seen as a "safe haven", the group's chief executive Richard Kauntze stated.

Posted by Emma Davies

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