INDUSTRY NEWS

Investment from overseas up by 25% in London offices

More than half of the £5.4 billion invested in London offices in the first half of 2011 came from overseas, according to a new report.

Overseas investors pumped £3.1bn into London offices up until the end of June 2011, according to figures from Jones Lang LeSalle.

Around 57% of the total investment in London offices came from overseas, a rise of 25% on the same period last year.

“London remains the focus for global capital, with far eastern high net worth interest particularly evident,” said Damian Corbett, from  Jones Lang LaSalle.

London’s West End has seen a slight drop in trading since the first quarter of the year, with more than £1bn traded, compared to £1.2bn in the first quarter of 2011.

City offices have boomed, however, with an 85% increase in investment bringing it to £4.6bn for the year so far.

News bought to you from DeVono Cresa, the award-winning commercial property advisers, specialising in Central London office space

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