Overseas Investors Like London

A prominent corner A2 unit in Victoria, London SW1 has recently been sold to a Spanish investor who is seeking secure property investments in London. Let at £115,000 per annum on a new 20 year lease to Foxtons Limited, the investor completed the purchase within 10 days at a price of £1.875 million reflecting a 5.8% initial yield. David Mundy at Mellersh & Harding commented that this deal was very typical for overseas investors who are seeking secure London office and retail investments in a market which is perhaps more stable than their home market. Back