Foreign competition for London commercial property hots up
British investors in turn head for regional cities such as Glasgow, Leeds and Manchester
Add BT as a preferred source
London
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 residential property in London has become a popular safe haven for investors from places such as Russia, China and southern Europe as a result of the financial crisis, and office prices have bounced back strongly from the lows.
TRENDING NOW
Watch live: PM Wong, Chan Chun Sing to address political office-holders’ salary review in Parliament
Vietnam pitches its real economy, not a Singapore replica, in two-city IFC push
Lawsuit from ex-advisers adds to claims arising from Hao Mart’s lease of Taste Orchard
Canada’s fight with the US has far bigger stakes than trade
