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Foreign competition for London commercial property hots up

British investors in turn head for regional cities such as Glasgow, Leeds and Manchester

Many of London's landmarks have had a helpful overseas financing hand, from a US$4 billion battle for control of the Canary Wharf financial district (above) to the creation of the capital's tallest building, The Shard.


TOUGH foreign competition in the London commercial property market is forcing local investors to invest in regional cities to tap rising rents there, with many making purchases privately to avoid auctions or even building office blocks from scratch.

Commercial and