UK Is Safe Haven for International Investors
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“Cost cutting of space costs has been substituted with optimizing the workplace environment,” says Cook.
LONDON—“The UK’s attractiveness as a safe haven for international property investors continues unabated.” That is according to Nick Cook, principal and managing director of Avison Young’s London UK office, who spoke last week at Avison Young’s annual meeting.
He told the audience of more than 700 that “last quarter had an estimated £40bn trying to buy well-let commercial investments in Central London. Only £8bn was placed,” he added. And approximately 80% of the investors were international, he said, many from the Far East.
“Interest in investing in the UK has also been fuelled by rising rents—both offices and industrial—and in residential values particularly in London and the South East of the country,” he explained. “This is being driven by low supply rates. The total returns for the last year (June to June) were Offices (21.3%), Industrial (20.7%) and Retail (10.6%).”…
UK Is Safe Haven for International Investors
