Article Abstract:
With the rising interest in commercial property markets, property investors are again seeking international investment opportunities. Since 1993, London has been of particular interest to overseas investors, especially those from the Far East and Europe. It is estimated that German buyers accounted for 20% of the 2.4 billion pounds sterling London office market in 1994. Other countries that have experienced renewed investor interest include France and the US.
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Article Abstract:
Entertainment uses are now accounting for a growing proportion of the deals in the central London property market, with particular demand for accommodation for various types of catering venture. Occupiers are prepared to pay large premiums for the highest quality accommodation, and rents have risen considerably. The largest properties are in greatest demand, as they can be used for large restaurants, which attract higher turnover.
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Article Abstract:
Many of the older industrial buildings in the Essex town of Harlow are now being demolished to make way for new development, and this had led to a shortage of industrial space. The town has also recently seen its last greenfield industrial site taken, with RDB Properties selling the 4.5 acre site at Pinnacles West to Christian Salvesen. In the office sector, there is thought to be 290,000 sq ft of ulet space.
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