The central London office market saw its strongest year for investment since 2007 last year, thanks to a record level of purchases by foreign investors, Knight Frank research has shown.
Tagged – ‘Commercial Property’
Last week, the government announced plans to reform the English planning system which will allow the conversion of office buildings into residential units without council permission.
Sweeping reforms to the English planning system have been announced which will allow the conversion of office buildings into residential units without council permission.
China’s retail sector is expected to perform strongly in 2013 as retail prices and rents look set to be driven up by strong demand from international retailers and investors, Knight Frank data has shown.
An area in Central and East London – known as Tech City – is fast becoming a thriving hub of technology-based enterprise and creativity; attracting high profile companies like Google, Facebook and Amazon.
The decision by Chinese authorities to allow insurance companies to invest up to 15% of their assets overseas is good news for both Asian investors and strong property markets such as London.
As Beijing’s economy continues to grow steadily and its economic influence among global cities strengthens, so does the appeal of Beijing to international firms.
The outlook for the retail sector remains challenging despite a creditable 2.8% annual growth in sales volumes recorded in July, according to Knight Frank’s latest UK Retail Report.
Regional office markets held up better than expected in Q2 2012, according to Knight Frank’s latest Regional Office Market Presentation (ROMP).
Knight Frank’s latest figures show that overseas investors purchased £3.4 billion of central London offices in the second quarter.