Hedge funds set to lease record space in Mayfair, St James's
London
HEDGE funds and private equity firms are on track to lease a record amount of space in London's Mayfair and St James's neighbourhoods this year as an influx of wealthy investors makes the city a more attractive location.
Elaine Rossall, head of London research at broker Cushman & Wakefield, said: "There's a higher than average amount of space under offer in Mayfair and St James's and a large proportion of that is from hedge funds and private equity firms. There's a number of new entrants to the market also seeking space."
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Homebuyers shun new real estate in Vancouver, hurting builders
US pending home sales jump in March to hit highest in the year
Blackstone strikes US$1.6 billion student housing deal with KKR
European real estate deals slump to lowest level in 13 years
Singapore Q1 industrial rents rise further as occupancy dips and prices fall: JTC
Condo resale volumes rebound in March; prices inch up 0.4%: SRX, 99.co