INDUSTRY NEWS

China strengthens London presence

London’s commercial property market looks set to experience a new influx of Chinese money in 2010, as investors consider the value of office space in the capital. In fact, some analysts are suggesting that Chinese investors represent the biggest financial opportunity for this sector of the market.

Business now seems to be picking up, driven in a large measure by overseas money. Much of this has come from Europe due to the relative strength of the Euro, but now the stability of the London property market appears to present Chinese companies and individuals with an opportunity to diversify their portfolios.

Although others have reduced their lending activities surrounding the property market, a number of Chinese banks have recently extended their presence in London, including the Industrial and Commercial Bank of China, which is looking for 100,000 square feet of office space to supplement its existing premises.

 

Image: Flickr (Philip Jägenstedt)